Prateek G

Prateek G

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Convenience & flexibility, higher interest rates offered as compared to traditional banks, and favorable regulatory scenario drive the growth of the global neo and challenger bank market.However, challenges related to profitability for digital banks hinder the market growth.On the other hand, rise in penetration of internet and smartphones along with untapped potential in developing nations create new opportunities in the coming years.According to the report published by Allied Market Research, the global neo and challenger bank market generated $20.4 billion in 2019, and is estimated to reach $471.0 billion by 2027, registering a CAGR of 48.1% from 2020 to 2027.The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.Covid-19 scenario:During the coronavirus pandemic, the revenue generated from interchange fees for neo and challenger banks will be reduced for few months, however, will rebound quickly.Depositors who seek more safety during the economic turbulence do no favor neo banks, and been transferring their deposits to traditional and major banks, according to the Federal Reserve.Neo and challenger banks have been rolling out contactless cards to curb the transmission of coronavirus.The report offers a detailed segmentation of the global neo and challenger bank market based on service type, end user, and region.Based on service type, the loans segment contributed to the largest share in 2019, accounting for nearly one-third of the total share, and is estimated to maintain its dominant position during the forecast period.However, the payment & money transfer segment is expected to register the highest CAGR of 49.7% from 2020 to 2027.Read Full Article: https://www.alliedmarketresearch.com/neo-and-challenger-bank-market Based on end user, the business segment accounted for the largest share in 2019, holding nearly three-fifths of the total share, and is expected to maintain the largest share throughout the forecast period.
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Rise in demand for high-tech vehicles, higher penetration rate of head-up displays in the aerospace and defense sector, demand for safety features in automobiles, and challenging driving conditions drive the growth of the global head-up display market.However, its high cost hampers the market.On the contrary, advancements in AR technology and emergence of new applications are expected to create lucrative opportunities for the market players.As per the report, the global head-up display (HUD) industry was pegged at $6.07 billion in 2019, and is expected to reach $19.11 billion by 2027, growing at a 20.1% CAGR from 2020 to 2027.COVID-19 scenario:As the majority of countries are still in lockdown, the demand for HUD and other display technologies is decreased.Most of the manufacturing companies are not working up to their full potential, which negatively impacts the market.Most of the raw materials and raw materials for HUD are manufactured in China.However, the ban on import-export with Chinaimposed by China have hampered the market.The combiner-based segment dominated the marketBy type, the combiner-based segment held the largest share in 2019, accounting for more than half of the global head-up display market, owing to higher penetration rate of head-up displays in the aerospace and defense sector.However, the windshield-based segment is expected to register the highest CAGR of 22.8% from 2020 to 2027, due to the development of augmented reality technology.Read Full News: https://www.alliedmarketresearch.com/head-up-display-market The aerospace segment to manifest the highest CAGR through 2027By end user, the aerospace segment is expected to portray the highest CAGR of 24.2% during the forecast period, owing to increasing adoption of head-up displays by commercial and business aircraft.However, the automotive segment held the largest share in 2019, contributing to around three-fourths of the global head-up display market, enhanced safety features of premium vehicles.Europe, followed by North America, held the lion's shareBy region, the global head-up display market across Europe, followed by North America, held the lion's share in 2019, accounting for nearly two-fifths of the market.
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Increase in mobile applications across the globe and rise in the need to track & manage income of consumers drive the global personal finance software market.However, security and compliance issues in personal finance software and availability of open-source finance software hinder the market growth.On the contrary, rapid adoption of personal finance software across the developing countries is expected to create lucrative opportunities for the market players in the coming years.The global personal finance software market was pegged at $1.02 billion in 2019, and is expected to reach $1.57 billion by 2027, growing at a CAGR of 5.7% from 2020 to 2027.Covid-19 scenario:During such uncertain times, there is a significant increase in demand for personal finance software to manage bank accounts, investments, expenditure, and credit cards on a personal computer and smartphone.However, the spike in unemployment across the globe have negatively affected the market.The global personal finance software market is divided on the basis of product type, end user, and geography.Based on product type, the market is segmented into web-based software and mobile-based software.The web-based software segment held the largest share in 2019, accounting for more than half of the market.However, the mobile-based software segment is expected to manifest the highest CAGR of 6.4% during the forecast period.Read Full News: https://www.alliedmarketresearch.com/personal-finance-software-market On the basis of end user, the market is classified into small business and individual.
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Growing demand for smart consumer electronics, emerging trends in automotive industry, and rise in popularity in IoT have boosted the growth of the global MEMS sensor market.However, lack of standardized fabrication process for MEMS and reduction in life of device after incorporating the sensor in devices hamper the market growth.On the contrary, the emerging trends toward autonomous vehicles, rise in adoption of wearable devices and innovative application in biomedical sectors are expected to create lucrative opportunities in the near future.According to the report, the global MEMS sensor industry accounted for $25.7 million in 2018 and is projected to reach $60.6 million by 2026, registering a CAGR of 10.4% from 2019 to 2026.The optical sensor segment held the lion's shareThe optical sensor segment held the largest share in 2018, contributing more than one-fourth of the global MEMS sensor market, owing to rising demand for advanced features in smartphones and smart accessories such as on-screen fingerprint scanner, medical devices that detect dengue and coherence tomography.However, the environment sensor segment is projected to register the fastest CAGR of 12.6% during the forecast period, owing to increase in environmental regulation in order to reduce air pollution and growing safety concerns.Read Full News: https://www.alliedmarketresearch.com/microelectromechanical-system-sensor-market The healthcare segment to portray the fastest growth through 2026The healthcare segment is expected to manifest the fastest CAGR of 13.5% during the study period, owing to surge in initiative by government in developed countries, rise in need for automated equipment to perform critical surgeries, and increase in trend of home-based digital healthcare equipment.However, the consumer electronics segment held the largest share in 2018, accounting nearly one-fourths of the global MEMS sensor market, as penetration of MEMS sensor is high in consumer electronics.Asia-Pacific dominated the market, followed by North AmericaThe global MEMS sensor market across Asia-Pacific region dominated the market in 2018, contributing around half of the market and is anticipated to maintain its dominance throughout the forecast period.Moreover, the region is expected to register the fastest CAGR of 11.4% through 2026, owing to an increase in population and rapid adoption of enhance technologies in various industries such as consumer electronics, manufacturing industry, infrastructure.Major market playersRobert Bosch GmbHPanasonic CorporationSTMicroelectronics N.V.Analog Devices Inc.Texas InstrumentsDenso CorporationHP Inc.BroadcomNXP SemiconductorsKnowles Corporation
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Rise in demand for automation, availability of affordable and energy-efficient industrial cobots, and surge in investment in R activities augment the growth of the global industrial cobot market.On the other hand, growing robot installation in various industry verticals across the globe offers multiple opportunities to the market players.According to the report, the global industrial cobot industry garnered $0.65 billion in 2018, and is projected to garner $12.48 billion by 2026, witnessing a CAGR of 44.8% from 2019 to 2026.The material handling segment to dominate the market-Based on application, the material handling segment accounted for nearly one-third of the total share of the global industrial cobot market in 2018, and is estimated to witness its largest share in terms of revenue throughout the forecast period.The cobots are used to ease material handling for various processes including manufacturing, warehousing, distribution, consumption, and disposal, automate.However, the value-added processing segment is expected to portray the largest CAGR of 47.0% from 2019 to 2026.Value-added processing plays a vital role as it is helpful in handling high-volume operations and provides better quality, consistency, maximum productivity, safety, and reduced labor costs, which drive the growth of the segment.Read Full News: https://www.alliedmarketresearch.com/industrial-cobot-market-A06074 The automotive segment to maintain its leadership status until 2026-Based on end-user, the automotive segment accounted for the largest market share with nearly one-third of the total share in 2018, and is estimated to maintain its lead position throughout the forecast period.An increase in several automakers such as SMEs, as it is deploying industrial cobots to assist human workforce in their workshops as these robots are smaller, smarter, more affordable, user-friendly and provide flexible automatic solutions for vehicle manufacturer, drives the growth of the segment.
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Rise in popularity of video game streaming devices and surge in demand for live streamed content drive the growth of the global streaming devices market.However, limitation of bandwidth restrains the growth to some extent.On the other hand, growing need for advanced technologies in video platforms to improve video quality would create new opportunities in the coming years.According to the report, the global streaming devices market size was valued at $8.00 billion in 2018 and is estimated to reach $18.97 billion by 2027, growing at CAGR of 13.2% from 2020 to 2027.COVID-19 scenario-COVID-19 has accelerated the growth of streaming services.Also, the supply chain disruption have caused a major impact.However, the market has witnessed an increase in the demand for devices.Furthermore, the government in various regions have issued relaxations on regulations, thereby allowing the companies to restart device manufacturing processes.The television (TV) segment to dominate the market throughout the forecast period-Based on application, the television (TV) segment contributed to the largest market share in 2019, holding for nearly half of the global streaming devices market, and is expected to continue to dominate in terms of revenue throughout the forecast period.In addition, the segment is estimated to maintain the highest CAGR of 14.20% from 2020 to 2027.
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High demand for cost-effective & energy-saving OLED Lighting, surge in government initiatives for OLED adoption, and rise of display and large screen backlight industry drive the growth of the global organic LED market.However, high costs involved and limitations related to implementation of technology hinder the market growth.Contrarily, surge in demand for eco-friendly solutions and adoption of smart lighting system create new opportunities in coming years.The global organic LED market generated $32.46 billion in 2019, and is estimated to reach $203.06 billion by 2027, growing at a CAGR of 21.7% from 2020 to 2027.The report offers a detailed analysis of changing market trends, market size & estimations, top winning strategies, major segments, and business performance.Based on product type, the display segment accounted for more than 90% of the total share in 2019, and is expected to maintain its lion’s share based on revenue throughout the forecast period.However, the lighting segment is expected to portray the highest CAGR of 28.4% from 2020 to 2027.Read Full News: https://www.alliedmarketresearch.com/organic-oled-market Based on technology, the PMOLED segment contributed to the highest market share with nearly one-fourth of the total market share in 2019, and is projected to continue its leadership position throughout the forecast period.On the other hand, the foldable OLED segment is estimated to portray the highest CAGR of 27.0% from 2020 to 2027.
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Increase in penetration of LED bulbs and lightings globally and rise in government initiatives toward energy saving measures fuel the growth of the global intelligent lighting controls market.However, emerging smart city projects in developing economies and growing inclination toward energy-efficient lighting solutions are expected to create multiple opportunities in the industry.According to the report, the global intelligent lighting controls industry was estimated at $7.49 billion in 2019, and is expected to hit $26.06 billion by 2027, registering a CAGR of 17.4% from 2020 to 2027.COVID-19 scenario-The outbreak of the pandemic has impacted the global intelligent lighting controls market badly.The global lockdown has led to significant decline in the demand for lighting strictures among the end-users.Many companies are reporting difficulties in obtaining raw materials due to a number of reasons such as late deliveries and shortage of shipping capacity.However, with several government bodies imposing relaxations on the existing regulations, the market is expected to gradually recoup its position in terms of revenue.The sensors segment to lead the trail by 2027-Based on type, the sensors segment contributed to around one-fifth of the global intelligent lighting controls market revenue in 2019, and is expected to lead the trail by the end of 2027.The same segment is also projected to register the fastest CAGR of 20.4% during the estimated period.Rapid development of smart sensors fuels the growth of the segment.Read Full News: https://www.alliedmarketresearch.com/intelligent-lighting-controls-market The wired segment to maintain the lion's share-Based on connectivity type, the wired segment accounted for around three-fourths of the global intelligent lighting controls market share in 2019, and is anticipated to rule the roost throughout the forecast period.
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Rise in digital initiatives for crop insurance and supportive government initiatives such as subsidies drive the growth of the global crop insurance market.On the other hand, untapped potential in emerging countries and expansion of services create new opportunities in the coming years.According to the report, the global crop insurance industry generated $34.05 billion in 2019, and is estimated to generate $53.02 billion by 2027, registering a CAGR of 6.1% from 2020 to 2027.Covid-19 ScenarioThe demand for crop insurance has grown during the Covid-19 pandemic due to disrupted supply chain and impact on crop revenue in major countries such as India and Brazil.Owing to the scarcity of laborers for harvesting and other activities, the crop production activities have been hampered, which in turn, raised the need for crop insurance.The need for reformation of a regulatory framework to overcome challenges faced by insurers and policy adopters has arisen during the pandemic.Policymakers have focused their efforts on the reformations.Read Full News: https://www.alliedmarketresearch.com/crop-insurance-market-A06791 The multiple peril crop insurance (MPCI) segment to maintain its leadership status by 2027Based on coverage, the multiple peril crop insurance (MPCI) segment contributed to the largest share in 2019, accounting for more than two-thirds of the global crop insurance market, and is projected to maintain its leadership status during the forecast period.Moreover, this segment is estimated to witness the highest CAGR of 7.1% from 2020 to 2027.This is due to its offering of a combination product along with perils covered by the standard loss of yield coverage under the crop insurance policy.The report also analyzes the crop-hail insurance segment.Based on distribution channel, the insurance companies segment accounted for nearly half of the global crop insurance market in 2019, and is expected to maintain its dominance during the forecast period.
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Increase in demand for cash alternatives and availability of affordable and energy-efficient prepaid cards drive the growth of the global prepaid card market.However, lack of standardization and possibility of fraudulent attacks hinder the market growth.On the other hand, increase in unbanked and under banked population create new opportunities in the coming years.The global prepaid card market generated $1,847.96 billion in 2019, and is estimated to reach $5,510.87 billion by 2027, registering a CAGR of 14.9% from 2020 to 2027.The report offers an extensive analysis of changing analyst opinion, porter’s five analysis, business performance, key market players’ profile, and competitive landscape.Covid-19 scenario:During the coronavirus pandemic, the prepaid cards are gaining traction as it helps in carrying out payments without any physical contact in most of the cases, which in turn, helps to control spread of coronavirus.Though the prepaid cards are helpful during the coronavirus pandemic, the manufacturing operations and supply of new prepaid cards have been stopped to avoid social gathering.The report offers a detailed segmentation of the global prepaid card market based on card type, usage, end user, and region.Read Full News: https://www.alliedmarketresearch.com/prepaid-card-market Based on card type, the closed loop prepaid card segment contributed to the largest share in 2019, accounting for nearly three-fifths of the total share, and is estimated to maintain its dominant position during the forecast period.However, the open loop prepaid card segment is expected to register the highest CAGR of 16.3% from 2020 to 2027.Based on usage, the general purpose reloadable card segment accounted for the largest share in 2019, holding more than two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period.However, the government benefits/disbursement card segment is estimated to portray the highest CAGR of 16.7% during the forecast period.Based on region, North America contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period.
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Surge in need for power management devices and rise in incorporation of power electronics components in electric vehicles drive the growth of the global power electronics market.However, complex processes of incorporation in advanced electronics devices hinder the market growth.Furthermore, increase in demand for plug-in electric vehicles (PEVs) is expected to create new growth opportunities for the market players.According to the report published by Allied Market Research, the global power electronics market generated $23.25 billion in 2019, and is estimated to reach $36.64 billion by 2027, registering a CAGR of 5.7% from 2020 to 2027.The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.Covid-19 scenario:Several major market players have halted the production of power electronics devices amidst lockdown due the Covid-19 pandemic.There has been the supply shortage of raw materials such as silicon carbide and gallium nitride.The demand for power electronics is likely to decrease from the power industry.This is due to closure of most of the industrial units in which there has been huge demand for power.The report offers a detailed segmentation of the global power electronics market based on device type, material, application, end-user, and region.Read Full News: https://www.alliedmarketresearch.com/power-electronics-market Based on device type, the power module segment contributed to the largest share in 2019, accounting for nearly half of the total share, and is estimated to maintain its dominant position during the forecast period.
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Rise in demand in automotive applications, increase in demand for renewable energy systems, and supportive government regulations drive the growth of the global supercapacitor market.However, high costs of raw materials and low awareness hinder the market growth.On the other hand, increase in the demand for supercapacitor in solar and wind energy applications creates new opportunities in the coming years.According to the report published by Allied Market Research, the global supercapacitor market generated $3.27 billion in 2019, and is estimated to reach $16.95 billion by 2027, registering a CAGR of 23.3% from 2020 to 2027.The report offers an extensive analysis of current market dynamics, top winning strategies, business performance, major market player’s analysis, and competitive landscape.Covid-19 scenario:During the coronavirus pandemic, the operational restrictions on the manufacturing activities would take place due to shortage of raw materials.Moreover, the demand for supercapacitors has been decreased during the Covid-19 pandemic due to the restrictions on activities in the automotive, industrial, and consumer electronics sectors.The report offers a detailed segmentation of the global supercapacitor market based on product type, module type, material, application, and region.Read Full News: https://www.alliedmarketresearch.com/supercapacitor-market Based on product type, the pseudocapacitors segment contributed to the largest share in 2019, accounting for nearly two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period.However, the hybrid capacitors segment is expected to register the highest CAGR of 25.0% from 2020 to 2027.Based on module type, the 10 volts to 25 volts modules segment accounted for the largest share in 2019, holding nearly one-third of the total share, and is expected to maintain the largest share throughout the forecast period.However, the above 100 volts modules segment is estimated to portray the highest CAGR of 27.2% during the forecast period.Based on region, Asia-Pacific contributed the highest share, accounting for nearly half of the total market share in 2019, and will maintain its dominance throughout the forecast period.
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Rapid development in the automotive sector, rise in trend of working through automated machines & equipment, and broadening scope of electronic products and technology drive the growth of the global microcontroller market.On the other hand, chances for operational failure in extreme climatic conditions restrain the growth to some extent.However, high demand for electric and hybrid vehicles is expected to create lucrative opportunities for the key players in the industry.According to the report, the global microcontroller industry was estimated at $16.49 billion in 2019, and is expected to hit $42.19 billion by 2027, registering a CAGR of 11.5% from 2020 to 2027.COVID-19 impact-COVID-19 has impacted the global microcontroller market badly.The lockdown across the world has led to a significant decline in the manufacturing of office machinery, power tools, home appliances, and remote controls.Also, disruptions in the supply chain has aggravated the cause yet more.However, the government bodies in various regions are coming up with several relaxations on the current regulations.With this, the market is expected to retrieve its position very soon.
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Rise in demand for small-sized humidity sensors, increase in installation of personal weather stations, growth in automobile sector, and surge in adoption of IoT and AI in electronics drive the global humidity sensor market.However, need of improvement in technical specifications of humidity sensor restrains the market growth.On the other hand, development of vertical farming and precise farming create new opportunities in the coming years.According to the report, the global humidity sensor market garnered $4.0 billion in 2019, and is estimated to reach $11.85 billion by 2027, registering a CAGR of 14.2% from 2020 to 2027.COVID-19 ScenarioThe global lockdown due to novel coronavirus has impacted global supply chain.Various countries are taking initiative and providing financial support to their domestic market players in order to help them strengthening their market position.There will be a growing demand for humidity sensors from healthcare sector, as all countries are currently focusing and investing high to improve healthcare facilities.The relative segment to maintain its lead status in terms of revenue throughout the forecast periodBased on product, the relative segment accounted for more than four-fifths of the global humidity sensor market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period.Moreover, this segment is estimated to portray the highest CAGR of 14.9% from 2020 to 2027.The report also analyzes the absolute segment throughout the forecast period.Read Full News: https://www.alliedmarketresearch.com/humidity-sensor-market The digital segment to maintain its leadership position during the forecast periodBased on type, the digital segment contributed to the highest market share with nearly three-fifths of the global humidity sensor market share in 2019, and is estimated to maintain its leadership position during the forecast period.
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Increased territorial battles, advancements in radar technology, and rise in demand for radar systems in automotive & defense industry drive the growth of the global & Asia-Pacific radar market.However, adverse climatic conditions hamper the market.On the contrary, high investment from the developed countries in military sector is expected to create lucrative opportunities for the market players in the future.According to the report, the global & Asia-Pacific radar market was pegged at $32.56 billion in 2019, and is projected to reach $49.43 billion by 2027, growing at a CAGR of 3.8% from 2020 to 2027.Air traffic control segment dominated the marketBy application, the air traffic control segment held the largest share in 2019, accounting for more than one-fourth of the global & Asia-Pacific radar market, due to surge in number of airports and air travel in developing countries and increase in need for efficient airspace management system.However, the ground traffic control segment is expected to manifest the highest CAGR of 5.1% from 2020 to 2027, owing to growing opportunities for the airports to integrate advanced taxing guidance systems based on the existing international standards and integrated technologies.Read Full News: https://www.alliedmarketresearch.com/global-and-asia-pacific-radar-market-A06640 Automotive segment to portray highest CAGR through 2027By end-user, the automotive segment is anticipated to register the highest CAGR of 5.8% during the forecast period, due to increase in demand for safety features in automobiles and rise in demand for comfort.However, the military and defense segment held the largest share in 2019, contributing to around two-fifths of the global & Asia-Pacific radar market, owing to rise in usage of electronic warfare system and UAVs that forced several countries to enhance their radar capabilities.China held the lion's shareBy region, the market across China held the largest share in 2019, due to demand from Chinese military for advanced compact size radar for navy's carrier fleet.However, the global & Asia-Pacific radar market across India is expected to register the highest CAGR of 7.7% from 2020 to 2027, owing to rapid innovations and technological advancements, followed by growing focus of government toward Make in India initiative in the defense sector.Major market playersNorthrop Grumman CorporationSAAB ABLockheed Martin CorporationThales Group, Rockwell Collins Inc.L-3 Communications HoldingsHoneywell International Inc.BAE SystemsGeneral Dynamics CorporationDassault Aviation
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Increase in need for safety in risk-prone areas, transition from analog surveillance to IP cameras, and integration of IoT in surveillance cameras drive the global video surveillance market.On the other hand, trend of smart cities development and rise in adoption toward spy and hidden cameras create new opportunities in the coming years.According to the report, the global video surveillance industry garnered $42.94 billion in 2019, and is estimated to reach $144.85 billion by 2027, growing at a CAGR of 14.6% from 2020 to 2027.Covid-19 scenarioCountries such as China, India, Israel, Singapore, and others have been utilizing mass surveillance tools to track spread COVID-19 and quarantined patients.Strict video surveillance at hotspots and containment zones with the help of drones and CCTV cameras will play an important role in maintaining law and order during lockdown.Many experts have questioned the privacy and security of data collected from various video surveillance tools.The IP surveillance segment to maintain its lead position by 2027Based on system type, the IP surveillance segment accounted for the largest market share in 2019, holding more than half of the global video surveillance market, and is estimated to maintain its lead position during the forecast period.This is attributed to surge in adoption of network cameras.However, the hybrid surveillance segment is estimated to maintain the highest CAGR of 17.5% from 2020 to 2027, owing to increase in hybrid recorder demand.Read Full News: https://www.alliedmarketresearch.com/Video-Surveillance-market The commercial segment to maintain its dominant share during the forecast periodBased on application, the commercial segment accounted for nearly one-fourth of the global video surveillance market in 2019, and is projected to maintain its dominant share during the forecast period.This is due to increase in demand for safety in commercial spaces.
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Surge in technological developments, increase in competition, and new trade agreements drive the global trade finance market.However, rise in trade wars and lack of focus on small- & medium-sized enterprises hinder the market growth.On the other hand, advancements in the field of global trade finances create new opportunities in the market.According to the report, the global trade finance market was valued at $39.71 billion in 2018, and is estimated to grow $56.06 billion by 2026, witnessing a CAGR of 3.79% from 2019 to 2026.The export and agency finance segment to maintain its highest share by 2026-Based on product type, the export and agency finance segment held nearly four-fifths of the total share of the global trade finance market in 2018, and is expected to maintain its highest share throughout the forecast period.This is due to its highly structured financing solutions, improvement in exporters risk capacity, and ability of domestic companies to export goods and services across the world.On the other hand, the supply chain finance segment is expected to grow at the highest CAGR of 3.81% from 2019 to 2026, owing to the product permits that enable businesses to widen payment timelines for large corporations and small & medium sized enterprises.Read Full News: https://www.alliedmarketresearch.com/trade-finance-market The importers segment to contribute its dominant position during the forecast period-Based on end user, the importers segment contributed to the highest market share in the global trade finance market, accounting for more than two-fifths of the total market share in 2018, and is estimated to retain its dominant position during the forecast period.This is due to challenges overcame by them through maintenance of working capital despite delays and complications during trading goods overseas.
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Rise in adoption of new applications and services in the banking sector, supportive government regulations, and enhanced customer engagement with open banking APIs drive the growth of the global open banking market.However, lack of awareness regarding open banking, data security, and management of security threats hinder the market growth.On the other hand, collaboration activities between fintech firms and banks create new opportunities in the industry.The global open banking market generated $7.29 billion in 2018, and is expected to reach $43.15 billion by 2026, growing at a CAGR of 24.4% from 2019 to 2026.The report provides an extensive analysis of changing market dynamics, market size & projections, top investment pockets, major segments, and competitive scenarios.Based on financial service, the banking and capital markets segment contributed to more than half of the total share of the global open banking market in 2018, and is expected to maintain its lead share in terms of revenue during the forecast period.However, the payments segment is projected to witness the largest CAGR of 27.3% from 2019 to 2026.The research also discusses segments such as digital currencies and value-added services.
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Increase in healthcare expenses, mandatory provision of healthcare insurance for public and private sectors, and rise in prevalence of chronic diseases have boosted the growth of the global health insurance market.However, stringent regulation and longer time for claim reimbursement and dearth of awareness of healthcare insurance in rural region hamper the market.On the contrary, innovation in healthcare insurance products is expected to create lucrative opportunities in the near future.According to the report, the global health insurance industry was pegged at $3.15 Trillion in 2018 and is projected to reach $4.47 Trillion by 2026, registering a CAGR of 4.4% during the forecast period.Public service providers segment dominated the marketThe public service providers segment held the largest share in 2018, accounting for more than half of the global health insurance market, as these providers incur lower administrative costs as compared to private health insurance.However, the private service providers segment is projected to register the fastest CAGR of 4.5% during the forecast period, as private providers offer prompt referral to a consultant, advanced treatment option, and quick & flexible treatment time in private hospitals to subscribers.Medical insurance segment held largest shareThe medical insurance segment dominated the market in 2018, contributing more than two-fifths of the global health insurance market, owing to high costs incurred for expensive surgeries and increase in a number of road accidents.However, the income protection segment is estimated to manifest the fastest CAGR of 4.9% during the study period, owing to mandatory provision of income protection insurance implemented in developed countries.Read More: https://www.alliedmarketresearch.com/health-insurance-marketNorth America held lion's shareThe market across North America held the largest share in 2018, contributing nearly one-third of the market, owing to high adoption of private insurance among the population, increase in population suffering chronic illness, and availability of high disposable income.However, the global health insurance market across Asia-Pacific is expected to portray the fastest CAGR of 4.9% through 2026, due to increase in awareness regarding benefits of using healthcare insurance.Frontrunners of the marketBerkshire Hathaway Inc.Prudential plcNippon Life Insurance CompanyDai-ichi Life Holdings, Inc.Kaiser Foundation Group of Health PlansBerkshire Hathaway Inc.New York Life Insurance CompanyLife Insurance Corporation of India
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Surge in digital advertisements, enhanced power efficiency, and increase in number of digital sponsorships drive the growth of the global outdoor LED display market.However, high investments and installation costs restrain the market growth.On the other hand, alternate LED advertisement designs to present new opportunities in the coming years.The global outdoor LED display market garnered $7.42 billion in 2019, and is expected to reach $17.41 billion by 2027, registering a CAGR of 11.4% from 2020 to 2027.The report provides an extensive analysis of changing market dynamics, key winning strategies, top investment pockets, business performance, and competitive landscape.Covid-19 scenario:Due to lockdown, the utilization of outdoor LED displays has reduced considerably as marketing will prove to be futile.Production facilities have stopped operations to reduce prevalence of coronavirus.Moreover, the supply chain has been disrupted.As lockdown restrictions are loosened, these displays have been utilized by governments to spread awareness regarding measures to be taken for prevention of coronavirus infection.The report offers detailed segmentation of the global outdoor LED display market based on type, application, and region.Based on type, the individually mounted segment held the highest share in 2019, accounting for nearly three-fifths of the total share, and is estimated to maintain its dominant position during the forecast period.
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Surge in terrorist activities across the globe and government regulations for effective and enhanced security drive the growth of the global explosive detector market.However, inability in detecting improvised explosives devices (IEDs) is anticipated to restrain the market growth.Furthermore, growing adoption of handheld explosive devices is expected to provide new growth opportunities during the forecast period.The global explosive detector market generated $5.96 billion in 2019, and is estimated to reach $11.10 billion by 2027, registering a CAGR of 8.2% from 2020 to 2027.The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.Covid-19 scenario:Amid lockdown, explosive detector manufactrurers across the globe have halted their production activites due to disrupted supply chain of raw components.Due rise in military tension among the developing economies such as China and India, there is a surge in demand for explosive detectors to detect the land mines planted in specific areas.In addition, surge in terrorist activites across the countries such as Iraq, Afghanistan, and Syria in the Middle East region has led to increased demand for explosive detectors, and the demand will continue to rise.The report offers a detailed segmentation of the global explosive detector market based on product type, technology, end-user, and region.Read More: https://www.alliedmarketresearch.com/explosive-detector-market Based on product type, the handheld segment contributed to the largest share in 2019, accounting for more than two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period.However, the robotics segment is estimated to portray the highest CAGR of 9.3% during the forecast period.Based on technology, the bulk segment accounted for the largest share in 2019, holding nearly three-fifths of the total share, and is expected to maintain the largest share throughout the forecast period.
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Rise in investment by government to improve connectivity within region, increase in investment in defense & submarine cables by various organizations, and surge in demand for higher bandwidth cables & connectors among different industries have boosted the growth of the global cables & connector market.However, complex fault detection and removal process of errors hamper the market growth.On the contrary, surge in government initiative to surge connectivity in rural areas of developing countries and growing number of data centers are expected to create lucrative opportunities for the market players in the coming years.According to the report, the global cables & connector industry generated $86.14 billion in 2029, and is expected to reach $160.93 billion by 2027, growing at a CAGR of 8.3% from 2020 to 2027.COVID-19 scenario: The emergence of Covid-19 has greatly affected the global cables & connector market.The majority of the auto supply chain is connected to China, and it would impact negatively on the sale of cables and connectors.During this pandemic, organizations are reluctant to invest big capital on new business models, hiring workforce, and every additional expense apart from essentials.External cables and connector segment dominated the marketBy product type, the external cables and connector segment held the largest share in 2019, accounting for more than two-thirds of the global cables & connector market, due to increase in deployment of data centers across the globe, rise in demand for enhanced network bandwidth, and the emergence of smart cities & smart factories.However, the internal cables and connector segment is anticipated to portray the highest CAGR of 9.4% during the forecast period, owing to the supportive government initiatives and plans to drive digitization & promote the adoption of eco-friendly electric products such as electric vehicles.Read More: https://www.alliedmarketresearch.com/cables-and-connector-market  USB cables & connector segment to manifest highest CAGR through 2027By installation, the USB cables & connector segment is expected to register the highest CAGR of 11.3% during the study period, due to increase in demand for digital data storage and the emergence of USB 3.0 and 3.1 standards for high-speed data transfer.However, the external cables and connector segment held the largest share in 2019, contributing to more than two-fifths of the global cables & connector market, owing to changing customer preference and aggrandized generation of data.Asia-Pacific, followed by North America, held the largest shareBy region, the global cables & connector market across Asia-Pacific held the largest share in 2019, accounting for nearly two-fifths of the market.Moreover, the market across this region is projected to portray the highest CAGR of 10.4% during the forecast period, owing to huge investment in infrastructure, energy, and technology development by the developing nation of such as India, China, and Japan.
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Rise in awareness for extended warranty and surge in penetration of laptops, tablets, and smartphones have boosted the growth of the global extended warranty market.However, declining sales of PCs hamper the market growth.On the contrary, expansion of products and services and untapped potential of emerging economics are expected to create lucrative opportunities for the market players in the coming years.According to the report, the global extended warranty industry generated $120.79 billion in 2019, and is projected to reach $169.82 billion by 2027, growing at a CAGR of 7.4% from 2020 to 2027.Covid-19 scenario:The Covid-19 outbreak has severely affected the finance industry with lower incomes, production shutdowns, and staff shortage.The inadequate digital maturity and pressure on existing infrastructure have affected the market.The standard protection plan segment dominated the marketBy coverage, the standard protection plan segment held the largest share in 2019, contributing to more than three-fifths of the global extended warranty market, as it largely covers mechanical & electrical breakdown and several other coverages, which are not covered by manufacturer's warranty.However, the accidental protection plan segment is projected to register the highest CAGR of 8.7% during the forecast period, due to rise in awareness toward security measures for ATM machines and implementation of advance technologies.Read Full News: https://www.alliedmarketresearch.com/extended-warranty-market The mobile devices & PCs segment to manifest highest CAGR through 2027By application, the mobile devices & PCs segment is expected to register the highest CAGR of 8.7% during the forecast period, as these devices are designed as a portable and easy to use including tablets, e-readers, and smartphones, and desktop or laptop computer.However, the automobiles segment held the largest share in 2019, accounting for nearly two-fifths of the global extended warranty market, due to increase in sales of extended warranty at the time of purchase of vehicles.North America held the lion's shareBy region, the market across North America contributed the highest share in 2019, holding more than two-fifths of the market, owing to adoption for extended warranty insurance in the region.However, the global extended warranty market across Asia-Pacific is projected to register the highest CAGR of 10.2% during the study period, due to emerging economies, high costs of repairs, several offers & benefits, and better customer experience provided under extended warranties in the region.Major market playersASSURANT, INC.AXAAmerican International Group, Inc.AsurionAmTrust FinancialCarShield, LLCCARCHEXEdel AssuranceEndurance Warranty Services, LLCSquareTrade, Inc.
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Decrease in prices of GaN devices, increase in demand for GaN devices for wireless charging, and rise in adoption of GaN devices in electric vehicle have boosted the growth of the global GaN power device market.In addition, increase in requirement of GaN devices for commercial RF applications augments the growth of the market.On the other hand, lack of availability of GaN material hampers the market growth to some extent.Moreover, government initiatives in HVDC and smart grid are expected to create an array of opportunities in the industry.The global GaN Power device market was estimated at $110.3 million in 2019 and is expected to hit $1.24 billion by 2027, registering a CAGR of 35.4% from 2020 to 2027.The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.COVID 19 scenarios:The increase in storage demand from data centers due to remote working boosted the growth of the market.In addition, the supporting sectors including healthcare and medical devices, and telecommunications fuel the market growth amid COVID 19.Based on product, the GaN power modules segment contributed to nearly half of the total market revenue in 2019, and is anticipated to rule the roost by the end of 2027.
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Increase in adoption of pressure sensors in consumer electronics and surge in usage of pressure sensors in the automotive industry drive the growth of the global pressure sensor market.However, the higher cost of pressure sensor devices hinders the market growth.On the other hand, increasing demand for sensors in the development of smart cities and growing trends toward the internet of things (IoT) create new opportunities for the market player in the coming years.The global pressure sensor market generated $11.38 billion in 2019, and is estimated to reach $24.85 billion by 2027, registering a CAGR of 10.3% from 2020 to 2027.The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.Covid-19 scenario:Due to lockdown in several countries, industrial manufacturing and automotive production, which use pressure sensor, have been shut down.Thus, the demand for pressure sensors is expected to decline as it is extensively used in these applications.The demand for pressure sensors is likely to experience a downfall during the coronavirus pandemic due to the negatively-affected supply chain amid lockdown.The COVID-19 pandemic is receding slowly in countries such as China and India and governments are now lifting the lockdown to start the industrial activities.This is likely to be a huge opportunity for several pressure sensor manufacturers in these countries to generate maximum revenue.The report offers a detailed segmentation of the global pressure sensor market based on type, technology, application, and region.
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Rise in number of surgical procedures, increase in patient preference for minimally invasive surgeries, and patient safety concern on operating room drive the growth of the global operating room integration market.On the other hand, high costs and maintenance of ORI systems impede the growth to some extent.Nevertheless, untapped potentials of emerging markets are expected to create a number of opportunities for the key players in the industry.The global operating room integration market was estimated at $1.72 billion in 2017 and is expected to hit at $4.16 billion by 2025, registering a CAGR of 11.2% from 2018 to 2025.The report provides a detailed analysis of the market size & estimations, top investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and wavering market trends.The audio & video management systems segment to lead the trail by 2025-Based on device type, the audio & video management systems segment accounted for more than one-third of the total market revenue in 2017 and is expected to dominate during the forecast period.The display systems segment, on the other hand, would cite the fastest CAGR of 12.0% by the end of 2025.Read Full News: https://www.alliedmarketresearch.com/operating-room-integration-market The surgery segment to retain its dominance in terms of revenue-Based on application, the surgery segment contributed to more than half of the total market share in 2017 and is anticipated to rule the roost during 2018–2025.Simultaneously, the neuro segment would grow at the fastest CAGR of 14.1% throughout the estimated period.North America garnered the highest share in 2017-Based on geography, North America held the major share in 2017, garnering more than two-fifths of the total market.
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Rise in cyber-attacks and increase in mandatory legislation regarding cyber security drive the growth of the global cyber insurance market.Nevertheless, development of products and services and progress in emerging economies are anticipated to usher in multiple opportunities in the near future.According to the report, the global cyber insurance industry was estimated at $4.85 billion in 2018, and is expected to hit $28.60 billion by 2026, registering a CAGR of 24.9% from 2019 to 2026.The large enterprises segment to dominate by 2026-Based on organization size, the large enterprises segment accounted for more than two-thirds of the global cyber insurance market revenue in 2018, and is projected to retain its dominance throughout the forecast period.At the same time, the SM­Es segment is expected to portray the fastest CAGR of 27.2% by the end of 2026.The fact that small- and medium-sized enterprises are more susceptible to cyber-attacks has driven the segment growth.Read Full Article: https://www.alliedmarketresearch.com/cyber-insurance-market The BFSI segment to lead the trail-Based on industry vertical, the BFSI segment contributed to one-fourth of the global cyber insurance market share in 2018, and would maintain the lion's share by 2026.Rise in incidences of data breaches in large volumes of customer data has augmented the growth of the segment.Simultaneously, the government & ­­public sector would showcase the fastest CAGR of 27.5% during the estimated period.
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Increase in application areas such as banking, hospitality, and retail stores and growing technological innovation in product offerings drive the growth of the global gift cards market.However, various types of fees associated with card transactions hinder the market growth.On the other hand, surge in demand for gift cards from developing economies such as China and India creates new opportunities for the market player in the coming years.The global gift cards market generated $619.25 billion in 2019, and is estimated to reach $1,922.87 billion by 2027, registering a CAGR of 15.4% from 2020 to 2027.The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.Covid-19 scenario:Due to lockdown in several countries, the tourism and hospitality industry have been affected badly.If market players in the industry cannot sell their services due to the restrictions, they can sell their gift cards on a lower than the nominal value.This will motivate customers to purchase such services and offer a chance to earn for market players.The demand for gift card is likely to get affected as their printing and production has been halted amid lockdown due to COVID-19 pandemic situation.The revenue generated from the retail establishment segment is likely to increase as retail shops have been allowed to do the business during the lockdown.The report offers detailed segmentation of the global gift cards market based on card type, end user, and region.Read Full News: https://www.alliedmarketresearch.com/gift-cards-market Based on card type, the closed-loop card segment contributed to the largest share in 2019, accounting for more than two-thirds of the total share, and is estimated to maintain its dominant position during the forecast period.
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Continuous advancements in graphic-based games, strong growth in virtual reality (VR) and augmented reality (AR), and rise in demand for gaming laptops and computers drive the growth of the global graphic processing unit (GPU) market.On the other hand, rise in popularity of IoT and boom in the portable electronics market create new opportunities in the coming years.The global graphic processing unit (GPU) market generated $19.75 billion in 2019, and is estimated to reach $200.85 billion by 2027, registering a CAGR of 33.6% from 2020 to 2027.The report offers an extensive analysis of current market dynamics, top winning strategies, business performance, major market players, and competitive scenario.Covid-19 scenario:The operational disruptions in the electronics industry due to Covid-19 pandemic have impacted GPU production activities.During the coronavirus pandemic, the supply chain and distribution channels have been impacted, which in turn, affected the industries dependent upon GPU components.The report offers a detailed segmentation of the global graphic processing unit (GPU) market based on component, display type, mode of transportation, and region.Read Full News: https://www.alliedmarketresearch.com/graphic-processing-unit-market Based on component, the integrated segment contributed to the largest share in 2019, accounting for more than half of the total share, and is estimated to maintain its dominant position during the forecast period.However, the hybrid segment is expected to register the highest CAGR of 36.8% from 2020 to 2027.Based on display type, the smartphone segment accounted for the largest share in 2019, holding more than two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period.However, LAMEA is expected to grow at the highest CAGR of 8.6% from 2020 to 2027.Leading market players analyzed in the research include IBM Corporation, NVIDIA Corporation, Intel Corporation, Samsung Electronics Co., Ltd., Advanced Micro Devices, Inc., Qualcomm Incorporated, Google LLC, Dassault Systems, Inc., Sony Corporation, and Siemens AG.About Us:Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon.
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Rise in demand for wireless headphones and infotainment devices, emerging hearable computing and rapid technological advancements in voice user interface, and emergence of miniaturized wearable electronic devices for health monitoring fuel the growth of the global hearables market.On the other hand, adverse effect on the hearing ability due to overuse of headphones and high cost of industrial hearables hamper the growth to some extent.However, surge in focus toward adoption of hearing devices to prevent hearing loss in industrial application is expected to create a number of opportunities for the key players in the industry.According to the report, the global hearables industry garnered $21.20 billion in 2018, and is estimated to reach $92.46 billion by 2026, growing at a CAGR of 17.2% from 2019–2026.The headsets segment to lead the trail by 2026-Based on product, the headsets segment contributed to more than two-thirds of the global hearables market in 2018, and is expected to retain its dominance till 2026.This is attributed to increase in penetration of infotainment devices, rapid technological advancements, and surge in need for mobility services.The earbuds segment, on the other hand, would grow at the fastest CAGR of 29.5% during 2019–2026, owing to widespread availability of these average cost devices on online and offline retail stores.Learn More on Hearables: https://www.alliedmarketresearch.com/hearables-marketThe on-ear segment held the largest share in 2018-Based on type, the on-ear segment held the major share in 2018, generating nearly half of the global hearables market.At the same time, the over-ear segment would register the fastest CAGR of 19.9% during the study period.
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