Remote Control Market Witness Highest Growth in near future

According to new Fact.MR study, global sales of remote control exceeded 630 million units in 2018, and are anticipated to record a Y-o-Y growth of 2.0% in 2019. The remote control industry continues to be influenced by a range of factors, such as significant development in the entertainment industry, complemented by the introduction of low-power and voice-controlled remotes. The study analyzes the remote control market in detail, and offers readers a thorough analysis of various key dynamics impacting the market growth.

The study finds that a shift in technology from AVC (Advanced Video Coding) to HEVC (High Efficiency Video Coding) to improve video quality for entertainment and media industry, has increased the sales of various entertainment devices including remote control. Prospects of remote control market remain promising, as consumers, especially in developing economies, are willing spend more on entertainment devices such as set-top boxes, gaming consoles, and Blu-ray players, amid improving economic conditions and rising disposable income.

According to the study, with rapid penetration of intelligent devices and smart home appliances, adoption of automated activities has surged in both residential and commercial sectors. This has further led the demand for control solutions, thereby impacting the sales of remote controls. In addition, consumer electronics and remote controlled electrical devices are witnessing a significant demand, as governments around the world are increasingly supporting digitalization. This, coupled with development of innovative products such as next-generation motion-sensing remotes and low-power remotes, will continue to fuel the growth of remote control market. However, complexity of the functions of newer remote controls along with emergence of smart remote mobile applications that allow users to control various appliances through smartphones will remain key growth challenges for manufacturers.

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Remote Control Sales Remain High in North America

The study finds that North America will continue to retain its leading position in the remote control market, with sales of over 175 million units in 2018. Rapid adoption of home automation systems in the region, and increasing demand for home appliances and electronic products that sync well with upward trend of smart homes, are the important factors influencing the growth of remote control market in North America.

According to study, infrared (IR) remote control witnessed worldwide sales of over 535 million units in 2018, accounting for more than 80% share. As IR remote control sends out both IR and RF signals while providing better transfer rate, manufacturers are focusing on developing effective products that allow users to sit still in one place and control television, lighting systems, sound system, and other kinds of AV equipment.

The study finds that television remote control continues to account for relatively large share, with sales in 2018 estimated to reach nearly 200 million units. Increasing number of consumers watching television for different purposes in line with notable developments in entertainment and media industry remains as key aspect impacting the sales of television remote controls. Gains also remain significant from remote controls for home appliances and entertainment systems, which collectively account for approximately one-third share of the market.

According to the study, remote controls for residential electronic devices continue to lead in term for sales, despite an increased demand from commercial and industrial sectors. This can be primarily attributed to the rising consumer spending on entertainment devices and home automation systems as well as to upgrade existing systems.

Fact.MR’s study also offers long-term forecast of the global remote control market for the period between 2019 and 2029. The global remote control market is projected to register a volume CAGR of 2.1% during the forecast period

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Computer Aided Dispatch (CAD) Market Witness Highest Growth in near future

The computer aided dispatch market is expected to close in on revenues worth over US$ 1,500 Mn in 2019, according to a recent research of Fact.MR. Growth of the computer aided dispatch market remains influenced by innovations and advancements in technology aiding in widening the scope of application of CAD systems.

The report opines that although on-premise computer aided dispatch systems will continue to hold a significant share of the market, demand for cloud-based CAD systems will increase in the near future. The competition in the logistics and e-commerce sectors is intensifying, as companies shift their focus toward streamlining their dispatch solutions and call centers, to expand their customer base.

Setting up cloud-based CAD systems is relatively straightforward and deprives the requirement of additional hardware, which in turn provides companies with an economic alternative. Additionally, leading cloud service-providers are continuously fortifying their security to create an enhanced infrastructure for supporting the systems.

Companies and public safety institutions are finding cloud-based computer aided dispatch systems increasingly useful owing to the systems’ ability to allow seamless information exchange between departments. The study estimates the cloud-based CAD systems to register a Y-o-Y growth of 11.3% in 2019.

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Growing Investments by Public Safety Institutions to Underpin Growth

As modern computer aided dispatch systems enable public safety and law enforcement institutions to gain real-time information on contemporary incidences, state administrations and public safety institutions are investments into upgrading their existing call management systems. For instance, Calgary’s government recently collaborated with Hexagon Safety & Infrastructure to upgrade its 911 response systems. On similar lines, the Scotts Bluff County in Nebraska, USA also deployed computer aided dispatch systems across different public safety verticals to shorten response times and serve citizens better.

Sophisticated computer aided dispatch systems, integrated with artificial intelligence and navigation technologies, recommend efficient routes, monitor resources, and streamline the complete dispatching process, which in turn aids in curtailing the response times. The study opines widespread adoption of computer aided dispatch systems in governmental organizations to bolster market growth, with revenues estimated at nearly US$ 600 Mn in 2018.

 Computer aided dispatch services are finding robust demand in law enforcement agencies, as enhanced sophisticated computer aided dispatch systems continue to benefit these in managing calls on the basis of their priority to keep radio channels free for higher priority incidences. Features such as silent dispatching which allows law enforcement agencies to respond quickly are further adding to the growing popularity of the computer aided dispatch systems.

Innovations in the field are upholding the demand with new systems, such as Garda, being developed to overcome the shortcomings of the existing systems. Garda has been designed to allow central monitoring of incidences and calls, which will enable public safety organizations to dispatch the nearest responders circumventing the current problems that divisional response units face.

CAD Systems Integrated with AVL Gain Ground

Computer aided dispatch systems are finding increasing usage in the transportation industry. Taxi and cab services are innovating constantly to tailor the system to their requirements. Moreover, computer aided dispatch systems coupled with automatic vehicle location (AVL) is being leveraged by multiple local authorities to revamp the existing public mass transit systems to serve citizens better.

AVL reports the location of the vehicle, and CAD systems help municipal corporations keep a track of the fleet and dispatch buses on time. Additionally, these systems help in scheduling public transport system efficiently while providing drivers precise rerouting instructions in case of incidences. Rochester’s Regional Transit Service (RTS) decided to upgrade its CAD and AVL systems along similar lines in 2018 to make public transportation more efficient and attractive for riders.

This report also tracks the computer aided dispatch market for the period 2018-2028. The computer aided dispatch market is projected to grow at 10.9% CAGR through 2028

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

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Smart Parking Solutions Market Share, Growth, Size, Trends, Opportunities & Top players

According to a recent Fact.MR study, the smart parking solutions market was valued at over US$ 3.3 Bn in 2018. IoT proliferation, coupled with the strengthening wireless infrastructure around the globe continues to uphold demand for system devices in the smart parking solutions market. The system devices segment of the smart solutions market is expected to be valued at over US$ 1.4 Bn in 2019. Demand for parking software is anticipated to closely follow the suit of system devices.

A huge inflow and outflow of consumer vehicles in infrastructures such as industrial parks, shopping centers, and malls, makes manual management of parking spaces complicated. Often manual management of parking spaces leads to inefficient use of resources, which further adds to operational expenses associated with vehicle parking. Deployment of appropriate software eliminates these challenges and provides an efficient system for owners toi manage vehicle parking in a cost-efficient and methodical way.

Demand Remains Robust for Valet Parking Management Systems  

The Fact.MR study opines prospects for automated valet parking solutions to remain promising, as they gradually replace their conventional counterparts. Valet parking has become a popular trend in urban areas, and companies are launching automated valet parking management solutions to meet the needs of the urban population.

The automated valet parking system uses a combination of technologies to aid vehicle owners in finding an appropriate parking space. Additionally, smart valet parking management solutions offer vehicle owners with the data on their parking spot's exact location, depriving them of the relevant hassles. According to the study, smart valet parking solutions witnessed a Y-o-Y growth of 9.9% in 2018 over 2017.

Advancements in internet of things technology is opening gateways to new opportunities for smart parking solution developers to explore. Innovations in ubiquitous computing coupled with the developments in cloud platforms are opening up new avenues for smart parking solutions companies to venture into. The rising popularity of data-driven operations and the benefits associated with it are causing an increase in the adoption of parking software around the world.

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Continued Investment of Government and Municipalities in Smart Parking Solutions

A rapid rise in the number of automobiles coupled with the scarcity of parking spaces is one of the leading causes of traffic congestion in urban areas. Smart parking solutions continue to gain ground, in line with adoption of flexible payments systems, contributing to a streamlined vehicle parking ecosystem. Due to these factors government and municipalities are eyeing standardization of parking management across cities in order to offer convenience of hassle-free parking.

North America will continue to maintain the largest share of the smart parking solutions market owing to the presence of some of the major OEM in the region. Further, increasing investments in smart city projects will drive smart parking solutions market growth in North America. According to the study sales of smart parking solutions in North America exceeded revenues worth US$ 0.9 Bn.

The study opines that Japan holds immense growth potential for the smart parking solutions market, attributed to the rapid technological advancements coupled with efforts to minimize challenges linked with space constraints in the country. There have been significant investments by several Japanese firms in smart parking solutions in the recent past. For instance, SoftBank announced it would be launching its own application that would allow people to book and pay for parking spaces in advance. Akippa, a firm which operates an IoT-based parking lot in Japan, raised $22 million to expand its services and launch a new mobility app to further streamline the parking procedure in Japan.

The Fact.MR report tracks the smart parking solutions market for the period 2018-2028. According to the report, the smart parking solutions market is projected to grow at 9% CAGR through 2028

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

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Serial Device Server Market Future Prospects and Business Development Strategies

The sections, by type, by application, and by sales channel in the serial device server market evaluate the present scenario as well as growth prospects of the regional serial device server market for 2018–2027. The North America serial device server market has been estimated to dominate the serial device server market, accounting for a maximum revenue share of the market by 2018 end. Europe and APEJ serial device server markets are expected to account for over 21.8% and 22.9% revenue share, respectively, of the global Serial Device Server market by 2027 end. Among the emerging markets, APEJ serial device server market is estimated to exhibit a significant CAGR of 10.1% over the forecast period, followed by Japan with a CAGR of 9.6%.   

The serial device server is networking devices that are used to transfer data between an Ethernet LAN (local area network) and COM port (computer serial port). The serial device server also is known as port redirectors and are used to convert a serial device into a device capable of Ethernet that can be used in a network. The serial device server can is a highly flexible device that can simply be connected to a serial device in the network without any authentication and security, or these devices can be configured to provide multiple functionalities similar to those of Ethernet switches and routers. The serial device server can be interfaced with printers, robotic machine assembly, medical equipment, sensors, and others. Today, these serial device server are offered in wide range of configurations with single and multiple port functionalities to meet the end-user requirement.

This report assesses trends that are driving the growth of each segment on the global level and offers potential takeaways that could prove substantially useful to serial device server manufacturers looking to enter the market. Main regions assessed in this report include North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and the Middle East & Africa (MEA).

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To provide in-depth insights into the pattern of demand for the serial device server market, the market is segmented on the basis of type. It includes 1 Port, 2 Port, 4 Port, 8 Port, 16 Port, and Other Port. The 4 Port segment is expected to dominate the Serial Device Server market over the forecast period, in terms of value, which accounted for 26.2% value share in 2027.    

The section – serial device server market analysis, by application comprehensively analyzes the market on the basis of end-user applications where serial device server is used. The market is segmented into access control systems, attendance systems, POS systems, and others.  The segment, access control systems in a serial device server market accounted for the highest market share of more than 60% in 2017. The segment attendance system is expected to grow moderately in the forecast period.

The section – serial device server market analysis, by sales channel comprehensively analyzes the market on the basis of different channels through which the serial device server can be purchased. The market is segmented into exclusive brand stores, online, hypermarket and others. Independent Electronics Store segment accounted for the highest market share in 2017. However, the online segment is expected to register a healthy CAGR of 9.6% during the forecast period due to increase traction of people towards e-commerce.

Also, increasing demand for Serial Device Server in the APEJ region is driving the prominent manufacturers to strategically enter in the APEJ market with an objective to target the opportunities in the region. The Serial Device Server market in North America region has matured, and hence, the companies are targeting emerging markets to increase their sales revenues.

APEJ Region Critical in the Serial Device Server Market

The APEJ region is estimated to account for more than 15% market share in the Global Serial Device Server market in 2018, and this share is expected to grow by a massive rate of 232 BPS, causing the APEJ market to grab more than 20% market share by the end of 2027. This highly populous continent is spearheaded by the rapid economic growth and increase in the adoption of flexible networking devices such as serial device server in Indian and South Korean countries, and customers in these countries will continue to demand the maximum Serial Device Server.  

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
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Tel: +353-1-4434-232
Tel: +353-1-6111-593
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Identity Theft Protection Services Market Insights and depth Analysis to 2027

Identity theft protection services have garnered prominence for establishment of a robust monitoring and protection framework, both for individuals as well as business enterprises. An alarming rise of high-profile data breaches resulting in hefty losses is predominantly pushing high-scale deployment of identity theft protection services. These insights are according to the new report by Fact.MR, which foresees a buoyant outlook for the identity theft protection services market over the forecast period. The identity theft protection services market witnessed an opportunity worth US$ 7,377 Mn in 2018 and will continue its upward spiral in the forthcoming years.

Risks of Unauthorized Invasion of Electronic IDs to Spur Adoption

As per the report, rapid digitization of government records & emergence of electronic IDs have positioned data privacy spectrums in a highly-vulnerable state. With the increasing susceptibility of private data to potential threats, deployment of identity theft protection services are gaining consistent popularity. With people drawn to convenience associated with online shopping, the risk of ecommerce fraud is also increasing, intensifying the scope for large-scale deployment of identity theft protection services.

Credit card fraud, valued at US$ 2,906 Mn in 2018, is likely to be a significant type in parallel to the alarming situation of frauds faced by credit-card holders worldwide. According to the Federal Trade Commission, more than 32% of Americans lodged complaints about credit card frauds in the year 2016, which is double the rate recorded in 2015. Furthermore, escalating inclination toward internet-based financial transactions is spurring the deployment of identity theft protection services for banks and this deployment rate is likely to register promising growth over the forecast period.

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Emerging or Tier 3 Players Hold Substantial Revenue Share

Rising deployment of identity theft protection services by multiple enterprises to ensure a robust security apparatus is creating substantial opportunities for the market players, from an investment-making standpoint.

The identity theft protection services market remains highly competitive at the bottom and moderately competitive at top and middle levels. The tier 3 or emerging players retain their stronghold in the global market space, with a considerable revenue share and remain focused on product launches as well as acquisitions. Characterized by presence of a large number of players, the identity theft protection services market witnesses cut-throat competition for tapping into larger customer segments. Moreover, the vendors also strive to ameliorate their existing protection service portfolios with additional features to deal with the perpetual sophistications and diversified avenues adopted by hackers.

The research study positions the market players into four distinctive propositions-

Leaders: Players with an established brand equity and impressive product portfolios.

Challengers: Players who remain focused on innovation-driven growth and enhancement of their revenue footprint

Followers: Players who are scaling substantial heights to establish themselves in the global market space, albeit at a slow pace

Aspirers: Players focused on foothold expansion and solidification by closely trailing the nearest competitors

In tune with the evolving requirements of end users, vendors have started offering seamless recovery assistance and insurance coverage.

Fact.MR’s report presents captivating insights and forecast of identity theft protection services market for the forecast period of 2018- 2027. The report envisages the identity theft protection services market to proliferate at an impressive CAGR of over 13% through 2027

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Contact Us

FactMR
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Tel: +353-1-6111-593
Email: sales@factmr.com
Blog: https://www.factmr.com/