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Manufacturers of Mobile Applications Market to Benefit from Increasing Adoption of the Product During the Forecast Period

Leading players operating in the global mobile applications are

  • Company Share Analysis
  • Global Players
  • Google Inc.
  • Microsoft
  • CA
  • Cognizant
  • Hewlett Packard Enterprise Development LP
  • SAP SE
  • China Mobile Limited
  • Samsung Electronics Co., Ltd.
  • Apple Inc.
  • Opera Software
  • Others

Of these, Google accounted for the major share of 18.6% in 2016 and led the Android-based mobile applications segment, while Apple Inc. accounted for the substantial share of 17.8% in the global market in the same year, finds PMR. These leading players are focusing on strategic acquisitions and mergers, and bringing in technology advancements in their offerings, in order to consolidate their shares in various regions. A number of prominent players are adopting competitive pricing strategy, in a move to get a better foothold in the market.

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The global mobile application market estimated valuation at the end of 2016 was US$38.29 Bn and is predicted to reach a worth of US$94.15 Bn by the end of the forecast period (2016 – 2024). The market is projected to rise at a CAGR of 11.1% from 2016 to 2024.

Of all the various end-use segments, the games segment is anticipated to hold a significant share during the assessment period and is estimated to contribute almost 50% share in the global market. The segment is projected to be worth US$43.99 Bn by the end of 2024. The various regional markets for mobile applications are North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Of these, presently, the APAC dominates the global market and is expected to retain its lead throughout the assessment period. The market is estimated to account for a regional share of 44.6% by the end of the forecast period.

Next-Generation Telecommunication Technologies to Boost Market     

Rising disposal incomes in several developing nations and the constant advancements in telecommunication technology are key factors driving the market. The rising spending of urban populations on mobile applications in various developed economies and the substantial demand for mobile devices are key factors fueling the mobile applications market in these regions. A burgeoning m-commerce industry in various developing and developed regions are key factors accentuating the market. The rising internet penetration and the vast increase in social media subscriptions worldwide are notable trends bolstering the demand for mobile applications.

The rising adoption of next-generation telecommunication technologies such as long-term evolution (LTE) and 5G is a key factor expected to open up promising avenues for market players. The vast rise in electronics manufacturing sector in a number of emerging economies is a notable trend anticipated to stoke the demand for mobile applications. Furthermore, the demand for more automated application in the area of gaming world over is a key factor expected to catalyze the growth of the market.

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Integrated and Smarter Mobile Apps to Create Lucrative Avenues

In recent years, the market has witnessed a surge in strategic investments by prominent technology players and electronics companies for expanding the in-house production of their application processors. This is on account for the strategy for differentiating their offerings from their competitors and is motivated by the move to maintain a sustained market share. For instance, native ecommerce apps offer the benefits of personalized shopping experience. Advancements in payments making them more secure and reliable are key trends expected to boost the adoption of m-commerce.

The rising popularity of mobile commerce in various developing and developed regions, especially among working populations, is bolstering the demand for mobile applications. Furthermore, this significant factor is likely to accentuate the market in the coming years. The launch of integrated and smarter mobile apps is expected to create lucrative avenues for market players. The advent of augmented reality mobile apps bodes well for the market.

The study presented here is based on a report by Persistence Market Research (PMR) titled “Global Mobile Application Market: Industry Analysis and Forecast, 2016–2024”

The global mobile applications market is segmented based on:

  • Store Type
    • Apple App Store
    • Google play
    • Others
  • End Use
    • Games
    • Social Networking
    • Healthcare
    • Books
    • Music
    • Productivity
    • Education
    • Entertainment
    • News
    • Photos and Videos
    • Navigation
    • Travel
    • Business
    • Others
  • Region
    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

 

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Sales of Smartphones Market to Grow at Robust CAGR During 2016–2024

Persistence Market Research delivers key insights on the global smartphone market in a new report titled, “Smartphone Market: Global Industry Analysis and Forecast, 2016–2024”. The global smartphone market is projected to register a healthy CAGR of 7.9% in terms of value and 5.8% in terms of volume during the forecast period 2016-2024. The report provides insightful information on the global smartphone market pertaining to the value chain, market trends, competitive landscape, market dynamics, and market estimation and forecast for the projected eight-year period.

Rising disposable income increases the probability of consumer spending on media, entertainment, and networking and mobile communication; leading to higher potential sales of consumer electronics such as smartphones, tablets, laptops, and gaming consoles. The instances of smartphone adoption are very high among the urban population as compared to the rural population – and hence there is high demand for smartphones in developed regions (where the urban to rural population ratio is higher than developing regions). These factors have led to a sudden growth of the global smartphone market over the last few years and this trend is likely to continue in the coming eight years.

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The global smartphone market is expected to witness substantial growth over the forecast period owing to advancements in the electronic, telecommunication, and m-Commerce industry as well as the increasing penetration of the Chinese smartphone industry. Leading global smartphone manufacturers such as Apple Inc., Samsung Electronics Co., Ltd., Huawei Technologies Co., Ltd., Lenovo Group Limited, and LG Electronics Inc. are making strategic investments in the development and production of their own application processor (AP) to differentiate their offerings and maintain increased market share and margins. There is also a rising trend of m-commerce particularly among the working population, and this has increased the demand for smartphones with top-notch features supporting m-commerce. Growing internet penetration, increasing marketing activities by vendors, and rising subscription in social media are some of the other key factors driving the growth of the global smartphone market. In the tug of war over customer acquisition and retention, brands are resorting to aggressive marketing and sales strategies to woo the new generation of smartphone wielding young professionals with attractive pricing, enhanced features, and multiple user options.

The global smartphone market is segmented on the basis of Operating System (Android, iOS, Windows, Blackberry Operating System, Other (Sailfish, Tizen, and Ubuntu)) and Distribution Channel (OEM, Retailer, e-Commerce). On the basis of operating system, the iOS segment is anticipated to account for US$ 584.9 Bn by 2024, registering a substantially high CAGR of 9.1% over the forecast period with a relatively high value share of 59.8%. The Android segment is expected to follow closely with a value share of 47.6% and a CAGR of 6.7%. In terms of volume, the Android operating system is estimated to account for the largest market share of 69.3% in the global smartphone market by the end of 2016 and is expected to increase to 70.0% by 2024. The Android segment is estimated to account for 50.7% value share in 2016 while the iOS segment is estimated to account for a revenue share of 46.2% in 2016. In terms of value, the Android segment is likely to register a high CAGR between 2016 and 2024 and this can be attributed to an increase in the demand and supply of reasonably priced android smartphones. The Blackberry Operating System segment is estimated to be valued at US$ 7,563.1 Mn in 2016 while the Windows Operating System segment is estimated to be valued at US$ 8,819.9 Mn in 2016.

On the basis of distribution channel, the e-Commerce segment is expected to show a significantly high growth rate of 9.3% followed by the OEM segment with a 7.9% growth rate by the end of 2024. The e-Commerce segment is estimated to be valued at US$ 175.3 Bn in 2016. The OEM segment is estimated to be valued at US$ 221.2 Bn in 2016 while the Retailer segment is estimated to be valued at US$ 218.1 Bn in 2016. As compared to the other segments, the OEM segment is expected to exhibit a relatively high attractiveness index over the forecast period. In terms of value, the global smartphone market is likely to project a healthy incremental opportunity during the forecast period.

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The report covers the global smartphone market across seven key regions namely – North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). On the basis of region, APEJ is estimated to be the largest market for smartphones, accounting for 33.7% value share of the global smartphone market in 2016. The APEJ region is projected to remain dominant throughout the forecast period. There is a rapid growth of infrastructure and economic development in several countries in the APEJ region and this is expected to boost the growth of the smartphone market in this region. An increasing inflow of low priced high-end electronic components and products in APEJ is another key factor significantly impacting the smartphone market in the region. MEA is projected to be the fastest growing market over the forecast period, with a growth rate of 13.3%. The MEA region has witnessed rapid urbanization over the last few years and this has subsequently led to an increase in the number of consumers willing to purchase high-end smartphones. A rise in the disposable income and increasing demand for consumer electronics has led to a growing adoption of smartphones in the MEA region and this trend is expected to continue during the forecast period.

 

The report also profiles some of the leading smartphone companies operating in the global smartphone market. Key market players featured in the report include

  • Samsung Electronics Co., Ltd.
  • Apple Inc.
  • Huawei Technologies Co., Ltd.
  • Lenovo Group Limited
  • LG Electronics Inc.
  • TCL Communication Technology Holdings Limited
  • ZTE Corporation
  • Vivo Communication Technology Co. Ltd.
  • Other

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Opportunity Assessment of Asia Pacific Broadcasting Equipment Market Reveals Profitable Avenues for Manufacturers

According to the latest report published by Persistence Market Research, titled “Broadcasting Equipment Market: Asia Pacific Industry Analysis and Forecast, 2016–2024”, the broadcasting equipment market in APAC region is expected to be valued at US$ 5,104.8 Mn by 2024. 

The broadcasting equipment market in APAC region was valued at US$ 2487.5 Mn in 2015 and is expected to register a CAGR of 8.1% from 2016 to 2024. The growth of broadcasting equipment market in APAC region is primarily driven by convergence of high definition technologies such as 4K with IP. As per the report, 4K services are expected to be available on IP networks over the next four to five years via satellite launching and cable platforms.

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The report has segmented the APAC broadcasting equipment market into traditional TV broadcast, traditional radio broadcast, IP converged broadcasting and asset management systems.

Traditional TV broadcast segment was valued at US$ 1123 Mn in 2015 and is anticipated to register a CAGR of 8.1% during the forecast period (2016–2024). The traditional radio broadcast segment was valued at US$ 544 Mn in 2015 and is anticipated to register a CAGR of 7.5% during the forecast period. The IP converged broadcasting is projected to be the fastest growing segment in APAC broadcasting equipment market, exhibiting a CAGR of 10.0% during the forecast period.

Traditional TV broadcast segment accounted for 45.1% share in terms of value of the total APAC broadcasting equipment market in 2015. Consumption of high definition content in APAC region is increasing at a rapid pace, supported by rising sales of HD ready TVs.

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The traditional TV broadcast equipment market is further segmented into camera, monitors, routers, switchers, cable, transmitter, receiver and other accessories. Routers sub-segment is projected to expand at the highest CAGR of 9.2% during the forecast period. Content creators across the region are shifting towards 4K cameras in order to capture high definition video. This is being supported by sales of 4K UHD television that has gained momentum due to rising disposable income in the region.

Key players of the APAC Broadcasting Equipment market include

  • Media Excel Inc.
  • ChyronHego Corporation
  • TVU Networks Corporation
  • XOR Media Inc. 
  • For-A Company Limited
  • Oracle Corporation
  • Unlimi-Tech Software Inc.
  • Grass Valley Canada
  • Tedial S.L.
  • General Dynamics Mediaware
  • BroadStream Solution Inc.
  • Pebble Beach Systems Limited
  • Enesys Technologies
  • Nevion Europe AS
  • Bridge Technologies Co AS
  • Other

This report covers trends that are driving each segment and offers analysis and insights regarding the potential of the broadcasting equipment market in APAC regions.

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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Adoption of Smart Mirror Market to Rise During the Forecast Period Owing to Increasing Consumer Awareness

Persistence Market Research (PMR) delivers key insights on the global smart mirror market in its latest report titled ‘Global Market Study on Smart Mirror: Driven by High Market Potential in Automotive and Retail Industry with North America to Witness Highest Adoption By 2022’. In terms of volume, the global smart mirror market is anticipated to expand at a CAGR of 10.7% over 2016-2022, driven by various growth factors, regarding which PMR offers vital insights in detail in this report.

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On the basis of the component, the market has been segmented into sensors, displays, camera and others. In terms of value share, displays have been estimated to be the dominant segment in 2015, with over 40% share of the global smart mirror market. However, the segment is expected to witness a decline of over 180 BPS in market share by the end of 2022 as compared to that in 2015.

The global smart mirror market has been segmented by application into automotive sector, consumer & residential, healthcare, and retail sector & advertising. Of these segments, automotive sector segment is estimated to be the largest segment in the global smart mirror market in terms of revenue contribution in 2015; however, consumer & residential segment is expected to expand at the highest CAGR of 12.9% over 2016–2022, due to increasing adoption of new & innovative technologies in the smart mirror industry by various smart mirror manufacturers across the globe.

The growth of the global smart mirror market is mainly driven by the high demand of smart mirror from key applications. Also, various key players in the smart mirror market are focused towards enhancing their respective product portfolios by introducing products with new and innovative features for use across a range of application areas is fueling the growth of the smart mirror market. However, high implementation cost of the smart mirror and either relatively low or total lack of awareness among people regarding smart mirror technology are restraining the growth of the market to some extent.

This report covers trends driving each segment and respective sub-segments and offers analysis and insights of the potential of the smart mirror market in specific regions. By region, Europe has been estimated to dominate the smart mirror market, accounting for over 40% value share of the overall market in 2015 and is expected to exhibit healthy CAGR of over 11.1% during the projected period.

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Some of the major players identified in the global smart mirror market are

  • Gentex Corporation.
  • Magna International Inc.
  • Pro Display.
  • Evervue.
  • Séura.
  • Alke.
  • ad notam AG.
  • Tech2o.
  • Samsung Electronics Co., Ltd.
  • TOSHIBA CORPORATION.
  • Panasonic Corporation.
  • Other.

Key players in the market follow the strategy of acquisition and mergers and are are focusing on meeting consumer demands and their needs in order to strengthen their position in the market. Furthermore, consistent investment in R&D activities in order to enhance existing products and services portfolio is another major strategy adopted by major players operating in the smart mirror market.

The smart mirror market is segmented as follows:

By Component:

  • Sensors
  • Displays
  • Camera
  • Others (Mic, Speaker, and Communication devices)

By Application:

  • Automotive Sector
  • Consumer & Residential
  • Healthcare
  • Retail Sector & Advertising

By Region:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • Rest of Asia Pacific
  • The Middle East & Africa (MEA)
    • GCC
    • South Africa
    • North Africa
    • Rest of MEA

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Growth in Demand from Consumers to Heighten Sales of North America Ignition Interlock Devices Market

Persistence Market Research (PMR) announces the release of its latest report titled “North America Market Study on Ignition Interlock Devices: Increasing Incidences of DUI to Catalyze IID Demand in North America ”. According to the report, the North America ignition interlock devices market has been estimated to account for US$ 35.1 Mn by 2015 end and is expected to reach US$ 48.8 Mn by 2021 at CAGR of 5.6% during the forecast period.

In this report, the market has been segmented on the basis of technology, end use, and country. Each country is further segmented on the basis of technology and end-use.

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By technology, the market is segmented into two types, i.e., fuel cell technology and semiconductor technology. The fuel cell technology segment has been estimated to dominate the North America ignition interlock devices market, with the revenue share of 96.2% by 2015 end. This growth can be attributed to alcohol-specific judgment offered by fuel cell technology, high accuracy, calibration stability, and durability.

In terms of end use, ignition interlock devices market in North America is classified as compliance segment and commercial segment. Compliance segment includes users of ignition interlock devices who are convicted in DUI incidences. Compliance segment has been estimated to account for approximately 97.3% of the total market revenue by 2015 end and is expected to expand at a healthy CAGR of 5.7% during the forecast period. The commercial segment is anticipated to register a CAGR of 2% in terms of value during the forecast period.

In North America market, the semiconductor technology segment has been estimated to account for a miniscule share of 3.8% by 2015 end and is anticipated to expand at a CAGR of 1.4% during the forecast period owing to economical pricing as compared to fuel cell technology.

Ignition interlock devices North America market is mainly driven by stringent NHTSA regulation against drunk driving, voluntary use of ignition interlock devices by commercial fleet owners as a preventive measure against drunk driving, reduction in driving license suspension period of convicted driver using of ignition interlock devices, state ignition interlock programs etc.

Involvement of social organizations such as Mothers Against Drunk Driving (MADD) or Fathers Against Drunk Driving (FADD) has been contributing significantly to increased demand for ignition interlock devices in North America.

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However, launch of inbuilt ignition interlock systems by OEMs such as Volvo, or introduction of newer technologies – such as Sober Steering Company’s sensor technology which allows driver to confirm sobriety by placing a hand on a sensor pad attached to the dashboard or steering wheel – could pose a major threat to growth of the overall ignition interlock devices market. Social awkwardness caused while using a device in public could also pose as a restraint.

Country-wise, the U.S. has been estimated to dominate the North America ignition interlock devices market by 2015 end and is expected to expand at CAGR of 6.8% in terms of volume during the forecast period. This can mainly attribute to ignition interlock programs in each state in the U.S.

 

Each state in the U.S has its own ignition interlock program, wherein a DUI offender ordered by a judge to install ignition interlock device in his or her vehicles needs to participate in a program upon payment of a prescribed fee in order to regain his/her license.

Key market players are focusing on offering added features such as sleep mode (to save vehicle battery power), GPS tracker, real-time monitoring, and camera in ignition interlock device to enable efficient and accurate monitoring. Companies primarily promote their product through tie-ups with DUI attorneys, referral programs, and involvement with social organizations. Key market players in the North America ignition interlock device market include

  • Smartstart Inc.
  • Lifesafer Inc.
  • Alcohol Countermeasure System Inc.
  • Intoxalock.
  • Drägerwerk AG & Co.
  • KGaA, Monitech, LLC.
  • Alco Alert Interlock, Inc.
  • Guardian Interlock, LLC.
  • Alcohol Detection Systems, Inc.
  • Other.

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Semiconductor Assembly Test Services Market Growth to Register Steller Growth Owing to Increasing Adoption by End-use Applications

Exploding production volumes of semiconductors, memory chips, and wafers for integration in consumer electronic products and wireless/mobile handsets will remain a key booster to the semiconductor assembly and testing services market. In a new Persistence Market Research (PMR) report, the global semiconductor assembly and testing services market is projected for a healthy CAGR of 5.8% during the forecast period of 2019-2029.

The study opines that the semiconductor assembly and testing services market landscape will continue to witness the emergence of multiple revenue generation opportunities with the technological advances such as organic-substrate-interposer technology and silicon-via-interconnection technology.

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Key Takeaways – Semiconductor Assembly and Testing Services Market Study

  • Sales will be prominent in consumer electronics industry, as the demand for audio/video equipment, cameras, calculators, and smart homes (home safety equipment & accessories) is on a continued upward trend.
  • Asia Pacific excluding Japan is expected to create lucrative growth opportunities for semiconductor assembly and testing services providers. This is attributed to rapid growth of semiconductor packaging space and increasing application of semiconductor assembly methodologies in the region.
  • Increasing demand for connected devices including smartphones and tablets would propel demand for enhanced packaging technologies, thereby creating growth opportunities for service providers in the semiconductor assembly and testing services market.

Semiconductor assembly and testing services providers can improve revenues by upgrading existing facilities to deliver superior electrical and thermal performance, in addition to exhibiting high input and output capabilities.

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Semiconductor assembly and testing services are used in different industries applications such as communication, computing & networking, automotive, consumer electronics. Manufacturers in these industry applications are actively using 3D semiconductor assemblies to reduce their downtime and maximize functionality of their products. Moreover, notable growth of end-use industries such as electronics and semiconductors, automotive, manufacturing, and packaging will offer multiple potential growth opportunities to manufacturers and providers of semiconductor assembly and testing services.

Market Leaders Hold More than 40% Share

The global semiconductor assembly and testing services market is highly competitive due to presence of a large number of medium- and large-sized electronics and semiconductors service providers. Leading market participants in the semiconductor assembly and testing services market are estimated to hold around 40%-45% of the market share. Service development and innovation is a key strategy used by semiconductor service providers in the semiconductor assembly and testing services market to enhance their market presence and end user experience.

This report provides valuable insights at the company level, focusing on services innovation in the semiconductor assembly and testing services market, along with business and marketing strategies of emerging market players. Some market players included in the report are

  • ASE Group, Inc.  
  • Amkor Technology, Inc.
  • Siliconware Precision Industries Co., Ltd. 
  • Powertech Technology, Inc. 
  • United Test and Assembly Center Ltd. 
  • JCET Group Co Ltd 
  • Chips Technologies, Inc. 
  • Chipbond Technology Corporation.
  • King Yuan Electronics Co Ltd
  • Unisem

Learn More About Report Inclusions

A new market research report published by Persistence Market Research (PMR) on the global semiconductor assembly and testing services market includes global industry analysis for 2014-2018 and opportunity assessment for the 2019-2029. This report provides a valuable analysis of the global semiconductor assembly and testing services market through three different categories – services(assembly & packaging services which also includes copper wire & gold wire bonding, flip chip, wafer level packaging, TSV, and others, and testing services), application (communication, computing & networking, consumer electronics, industrial, and automotive electronics), and across seven major regions.

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About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

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Wearable Digital Walkietalkie Market Sales Revenue to Substantially Surge in the Next Ten Years

According to the latest market report published by Persistence Market Research titled “Global Market Study on Wearable Digital Walkie-Talkie: Asia-Pacific to Witness Highest Growth by 2021”, the global wearable digital walkie-talkie market is expected to account for US$ 8.0 Mn by the end of 2015, and is anticipated to expand at a CAGR of 32.6% between 2015 end and 2021 to account for US$ 43.5 Mn.  In terms of volume, production of wearable digital walkie-talkie is expected to be 80.0 thousand units by the end of 2015 and is expected to reach 543.2 thousand units by 2021, exhibiting a CAGR of 37.6%.

The global wearable digital walkie-talkie market is expected to witness significant growth during the forecast period. Augmented disposable income, growing wearable electronics market and expanding organized retail sector are some of the major factors expected to drive market growth. Growing demand for hands-free wearable digital walkie-talkies, increasing independence from other devices, smartphone networks or Wi-Fi connections, growing emphasis on the usage of low radio frequency walkie-talkie devices in order to avoid regulatory restrictions and increasing shift in preference for small-sized wearable digital walkie-talkies are some of the major trends observed in the global wearable walkie-talkie market.

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The global wearable digital walkie-talkie market has been segmented into five major regions, namely, North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa; of these, North America is estimated to dominate the market, accounting for over 67% market share by the end of 2015. Europe is estimated to rank second, accounting for over 15% market share by the end of 2015, followed by APAC with over 8% market share. Asia Pacific is anticipated to be the fastest growing region in the wearable digital walkie-talkie market over the forecast period.

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On the basis of application, the market is segmented into general consumer applications and public institution applications. The general consumer segment is further sub-segmented into personal, in-store, tourism, commercial and training applications. On the other hand, public institution segment is further sub-segmented into military and law enforcement (police force & prison) applications. The general consumer segment is estimated to account for over 90% share of the global wearable digital walkie-talkie market by the end of 2015 and is expected to remain dominant throughout the forecast period. Various applications of wearable digital walkie-talkie devices, such as store activity, commercial activity, training activity and personal activity, are expected to drive their demand over the next five years. The public institution segment is estimated to account for over 9% share of the global wearable digital walkie-talkie market by the end of 2015.

Key players in the global wearable digital walkie-talkie market that have been covered in the report are

  • STARNEX Co., Ltd.
  • Orion Labs, Inc.
  • Theatro and AWIRE Technology Corp.
  • Major participants.
  • such as OrionLabs, Inc.
  • (Formerly OnBeep) and Theatro.
  • Other.

 

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Us Beauty Devices Market to Generate Heightened Revenue Prospects for Manufacturers in the Next Decade

According to a new market report published by Persistence Market Research titled The U.S. Market Study on Beauty Devices: At-home Devices to Witness Highest Growth by 2020, the U.S. beauty devices market was valued at USD 9,034.2 million in 2014 and is expected to grow at a CAGR of 18.8% from 2014 to 2020, to reach an estimated value of USD 25,375.7 million by 2020.

The U.S. beauty devices market is witnessing significant growth due to rising in geriatric population, as these beauty devices help reverse skin aging. Moreover, increasing the prevalence of obesity resulting in cellulite accumulation and skin diseases, and harmful effects of ultraviolet radiation are also driving the market. However, there are various risks and complications associated with beauty devices such as bruising, swelling, and redness. Furthermore, the wide availability of easy-to-use beauty products inhibits the growth of the U.S. beauty devices market. The U.S. beauty devices market is anticipated to grow from USD 9,034.2 million in 2014 to USD 25,375.7 million by 2020 at a CAGR of 18.8% during the forecast period.

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In North America, increasing aging population and availability of advanced devices are driving the growth in demand for beauty devices in the market. In addition, in the U.S., there are around 750,000 beauty salons and spas. These beauty salons and spas have propelled the demand for beauty devices and personal care products in order to offer better services to their customers.
  • L’Oréal Group.
  • Nu Skin Enterprises, Inc.
  • Home Skinovations Ltd.
  • PhotoMedex, Inc.
  • TRIA Beauty, Inc.
  • Koninklijke Philips N.V.
  • Syneron Medical, Ltd.
  • Cynosure, Inc.
  • Procter & Gamble Company.
  • Other.
The U.S. beauty devices market is segmented as follows:
The U.S. beauty devices market, by usage area
  • Salon
  • Spa
  • At-home
  • Others

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The U.S. beauty devices market, by device type
  • Hair removal devices
  • Cleansing devices
  • Acne devices
  • Rejuvenation devices
  • Intense pulsed light device
  • Oxygen and steamer devices
  • Hair growth devices
  • Derma rollers
  • Cellulite reduction devices
  • Others
Beauty devices market, by geography
  • North America
    • The U.S.
    • Canada

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Beauty Devices Market Unit Sales to Witness heightened Growth in the Near Future

According to a new market report published by Persistence Market Research “Global Market Study on Beauty Devices: Asia to Witness Highest Growth by 2020,” the global beauty devices market was valued at USD 19,389.1 million in 2014 and is expected to grow at a CAGR of 18.7% from 2014 to 2020, to reach an estimated value of USD 54,186.9 million in 2020.

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Globally, the beauty devices market is witnessing significant growth due to increasing disposable income, which is enabling people to spend more on personal care. In addition, rise in aging the population and increasing prevalence of skin diseases and harmful effects of ultraviolet radiation are also driving the growth of the market. However, there are various risks and complications associated with beauty devices which may lead to bruising, swelling, and redness. In addition, extended availability of easy-to-use beauty products inhibits the growth of the market. The global beauty devices market is anticipated to grow from an estimated USD 19,389.1 million in 2014 to USD 54,186.9 million in 2020 at a CAGR of 18.7% during the forecast period.
In North America, increasing aging population and availability of advanced devices are driving the use of beauty devices in the market. In addition, in the U.S., there are around 750,000 beauty salons and spas. These beauty salon and spas have propelled the demand for beauty devices and personal care products in order to offer better services to their customers.
In Europe, the beauty devices market is driven by rising aging population. In addition, in Spain the market is evolving due to rising awareness about potential healing applications of beauty devices in the treatment of skin and hair problems.
However, in Asia the growth for beauty devices is much higher than developed countries due to increasing disposable income, availability of multinational brands and the introduction of less expensive beauty devices.
  • L’Oréal Group.
  • Nu Skin Enterprises, Inc.
  • Home Skinovations, Ltd.
  • PhotoMedex, Inc.
  • TRIA Beauty, Inc.
  • Syneron Medical, Ltd.
  • Koninklijke Philips N.V.
  • Panasonic Corporation.
  • Carol Cole Company.
  • Procter & Gamble.
  • Other.

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The beauty devices market is segmented as follows:
Beauty devices market, by usage area
  • Salon
  • Spa
  • At-home
  • Others
Beauty devices market, by type
  • Hair removal devices
  • Cleansing devices
  • Acne devices
  • Rejuvenation devices
  • Light/LED therapy and photo rejuvenation devices
  • Oxygen and steamer devices
  • Hair growth devices
  • Skin Derma rollers
  • Cellulite reduction devices
  • Others
Beauty devices market, by geography
  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • The U.K.
  • Asia
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Rest of the World (RoW)

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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E-mail id- [email protected]

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Decline in Demand of Smart Machines Market to Hinder Revenue Growth During the Forecast Period

Persistence Market Research (PMR) delivers key insights on the global smart machines market in its upcoming report titled, “Smart Machines Market: Global Industry Analysis and Forecast, 2016-2024”. In terms of value, the global smart machines market is projected to register a healthy CAGR of 18.8% during the forecast period. This is attributed to various factors, regarding which PMR offers vital insights in detail.

On the basis of a component, the global smart machines market has been segmented into hardware, software, and service. Demand for smart machines is enhanced by increasing need to process and analyze big unstructured data among different sectors such as manufacturing, healthcare, aerospace, and defense. On the basis of machine type, the global smart machines market has been segmented into robots, autonomous cars, drones, wearable electronics and others.

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On the basis of technology, the global smart machines market has been segmented into cloud computing, big data, internet of everything (IoE), robotics, cognitive technology and effective technology. Affective technology segment is expected to expand with a substantial CAGR over the forecast period. Various enterprises working on cognitive computing are facing glitches and errors in technology. This, in turn, is encouraging adoption of affective computing. Cognitive computing technology enables emotions linking to a robot, assisting the robot in making rational decisions and performing more complex tasks.

Smart machines are deployed to enhance networked resources and implement distributed intelligence in manufacturing industries. Integration of devices provides more accessibility. Smart machines can be easily connected to a broader network of connected devices, enabling users to share data on numerous devices. This ensures users to connect/access their devices from anywhere and anytime. This is expected to fuel demand for smart machines in various industries. The market in Australia is expected to witness substantial growth in adoption rates of smart machines over the next five years. Autonomous robots are expected to find applications in agriculture and commercial sectors to overcome the lack of labor in the country. Australia-based companies have also been investing significantly in advanced technologies such as IoT.

Smart machines are programmed to make intelligent decisions in a time efficient manner. They are built to learn from their interactions and their precision increases over time. Hence, new developments in operational intelligence are encouraging companies to adopt systems that are smarter and efficient. Narrative Science Inc., a company that offers analytical solutions uses its virtual assistant Quill, which is programed using natural language processing to provide relevant solutions.

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This report covers trends driving each segment and offers analysis and insights of the potential of the smart machines market in specific regions. The markets in Europe, North America, and Asia Pacific are expected to register high growth rates between 2016 and 2024. MEA is a small but significant market for smart machines as governments in the Middle East countries are investing in this sector to digitize government services. The market in Europe is expected to gain substantial market share in terms of revenue. This is attributed to increasing demand for smart machines from the automobile and manufacturing industries in countries such as Germany and France. The APAC accounted for the highest market share in 2015 and is expected to gain 232 BPS by an end of 2024.

Key players in the global smart machines market include

  • Alchemy API Inc.
  • Apple Inc.
  • Digital Reasoning
  • Google Inc.
  • IBM Corporation
  • Narrative Science Inc.
  • Microsoft Corporation
  • BAE Systems
  • Creative Virtual
  • Rethink Robotics
  • Other

 

 

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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E-mail id- [email protected]

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