Near Field Communication (NFC) Market is anticipated to witness quick increase across various application verticals over the forecast period

The NFC market is expected to witness rapid growth across various application verticals over the forecast period, according to a new study by Grand View Research, Inc. Rapid technological advancement and high smartphone demand due to technology standardization is expected to positively impact market growth. Demand for cost effectiveness along with increasing availability of NFC-enabled smartphones is also a major market driver. In addition, the market provides opportunities to the direct mail marketing sector, which in turn may drive m-commerce and mobile payment options.

NFC is integrated in a wide range of equipment and devices including tablets, laptops, cameras, headsets, televisions, cookers, washing machines, cars and vending machines. In addition to industrial and commercial applications, this technology is preferred for financial transactions. High development cost, poor infrastructure coupled with lack of consumer awareness about potential benefits may hamper market growth over the next six years. Transformation in transaction process methods along with social media engagement applications are expected to offer growth avenues for the global NFC market.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/near-field-communication-nfc-market

Further key findings from the study suggest:

  • The NFC market comprises non-auxiliary and auxiliary products. Non-auxiliary segment includes readers, tags and IC/chips, while auxiliary products include NFC-enabled covers, SIMs and microSD cards. NFC readers are expected to witness high growth over the forecast period, which is a result of growing application areas and demand for ticketing, access control and authentication.
  • Mobile payment application is expected to remain the dominant market segment over the next six years. This can be attributed to benefits such as improved financial transparency, improved public sector servicing and reduced carbon footprint. In addition, emergence of mobile wallet payment methods has enhanced user experience against contactless cards.
  • Asia Pacific is expected to witness high growth due to growing adoption of this technology in retail and transportation. Financial institutions as well as Mobile Network Operators (MNOs) have supported contactless payment facilities. Increasing use of smartphones for transaction at point of sale (POS) terminals is expected to drive the market in North America.
  • Key companies operating in the NFC market include Nexperts, Infineon Technologies, Gemalto, Renesas, Sony Corporation, STMicroelectronics and Texas Instruments. Rising emphasis on vertical integration activities in order to obtain greater product reliability and optimized manufacturing throughput is estimated to be the major growth strategy.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/communication-services

For the purpose of this study, Grand View Research has segmented the global NFC market on the basis of product, application and region

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Emerging Trends of Flexible and Wearable Electronics provide new avenues for market growth

The Global Next Generation Memory Market is expected to reach USD 3.43 billion by 2020, according to a new study by Grand View Research, Inc. Increasing need for fast and economical storage solutions across diverse applications is estimated to drive market growth over the forecast period. Next generation memory is used for various applications such as enterprise, industrial and automotive to store and manage information, which is expected to augment market growth over the next six years.
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Increasing use of next generation memory in mobile phones to enhance customer experience is expected to fuel market growth. Increasing demand for wearable electronics and replacement of flash memory storage may provide new growth avenues to the next generation memory market. Low environment stability and high design cost may act as a restraint to market growth over the forecast period.

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Further key findings from the study suggest:

  • Non-volatile memory storage is expected to remain the key product segment over the forecast period; it accounted for over 90% of the market in 2013. This technology is used for economical storage and fast processing of data and sustains the stored information even when the power is turned off. Volatile memory storage is estimated to witness considerable growth over the forecast period. In this technology, information fades when the power supply is turned off unless the storage device is periodically refreshed.
  • Mobile phones were a major application segment in 2013 and accounted over 55% of the overall market in the same year. All common computing platforms from handheld devices to supercomputers use storage systems to store data permanently or temporarily. Smart cards store a few bytes of data and are expected to grow at a significant rate over the forecast period.
  • North America was estimated to be the key regional market in 2013. The Asia Pacific market is expected to grow at a considerable rate owing to increasing demand for smartphones and tablets. Additionally, presence of key market players in countries such as China, India, Japan and South Korea is also expected to positively impact the regional market over the forecast period.
  • Key industry participants include Samsung Electronics Co. Ltd., IBM Corp, Adesto Technologies, Crossbar Inc, Fujitsu Ltd, Toshiba Corporation, Intel Corporation etc. Toshiba along with SK Hynix are working on production of next generation memory chips, which is expected to decrease power consumption and increase data transfer speed. Economical and efficient solution development is expected to be a critical success factor for market players.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/press-release/global-next-generation-memory-market

For the purpose of this study, Grand View Research has segmented the global next generation memory market on the basis of product, application and region.

Low Emission Power Generation is Driving Growth to the Micro Turbine Market Up To 2024

The global micro turbine market is expected to reach USD 339.7 million by 2024, according to a new report by Grand View Research, Inc. Micro turbines have been gaining advantage globally on account of their compact size and high-efficiency levels.

The technology is an ideal solution for generating clean energy in the environment. Cost effectiveness coupled with waste fuel utilization have been the major factors driving the global Micro Turbine Market.
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Changing grid operations are anticipated to establish as key industry opportunity for the product development. Increasing potential for greener energy solution is also expected to further augment industry revenue in over the forecast period. Growing investment initiatives to develop new generating capacity coupled with stringent environmental regulatory framework is anticipated to further enhance overall market growth in near future.

Combined heat & power was the leading application segment and accounted for over 55% of total market revenue in 2015. Increasing initiatives to reduce global warming levels and installation of CHP is expected to drive this segment over the forecast period.

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Further key findings from the report suggest:

  • 50 kW-250 kW emerged as the leading power rating sector and is anticipated to witness high demand in hybrid electric vehicle manufacturing. The segment accounted for 38.3% of total market revenue in 2015. It is also expected to witness the highest growth of 11.1% over the forecast period.
  • Industrial was the leading end-user and accounted for over 50% of total market revenue in 2015. Micro turbines find application in construction, oil & gas, mining, waste water treatment and pharmaceutical industries. Expanding product application in waste water treatment is expected to establish as growth opportunity for this segment.
  • North America was the leading regional market and accounted for 37.7% of global revenue in 2015. Shale gas boom in the region is expected to significantly contribute towards industry enhancement in the near future. Nuclear plants decommission coupled with strict environmental regulations are anticipated to augment European market over the forecast period.
  • Major companies include Bladon Jets, Capstone Turbine Corporation, Microturbine Technology BV, Calnetix Technologies LLC., ICR Turbine Engine Corporation, Eneftech Innovation SA, Brayton Energy LLC, Toyota Motor Corporation, Flexenergy, Inc, Ansaldo Energia S.P.A., NewEnCo. and Wilson Solarpower Corporation.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/power-generation-and-storage

Grand View Research has segmented the micro turbine market on the basis of application, power rating, end-use and region

Home Healthcare Industry is anticipated to be majorly driven by the huge aging population which is highly prone to various diseases

North America home healthcare market was valued at USD 756.8 million in 2014. Rising aging human population, high disposable income for healthcare expenditure, and increasing rate of target diseases are some of the key factors driving growth. Predominance of chronic diseases and increasing diagnosis expenditure is anticipated to boost growth.
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Personalized medical assistance is a cost effective measure to control treatment expenditure and acts as major driver for the industry. According to the U.S. Bureau of Labor Statistics (USBLS), personal care and healthcare assistance in a home-setting environment is anticipated to reach a value of USD 13 million by 2020, an increase of 70% from 2010 to 2020.

The home healthcare industry is anticipated to be majorly driven by the huge aging population volume which is highly prone to various diseases such as venous stasis ulcers, diabetic ulcers, and pressure ulcers. According to WHO, the global volume of population falls under the age group of 60 years and above has reached 841 million in 2014 and is expected to reach 2 billion by 2050.
Therefore, rising global aging-population along with the statistics that approximately 70% of home healthcare patients belong to 65 years and above age group, is anticipated to fuel demand in the near future.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/north-america-home-healthcare-market

Wound care accounted for 65% of the global market revenue in 2014. Substantial demand for wound closures, wound care dressings, and wound cleanser has resulted in the dominance of the segment over the past few years and this trend is expected to continue over the forecast period. Wound infection is a key safety concern for medical professionals and patients, thus the market is anticipated to fuel the demand as it compelled to reduce the infection rates. Wound care products improve the overall health of patients affected from various disorders such as, diabetic ulcers, pressure ulcers and venous stasis ulcers, therefore creating strong need for these products in the industry.

Rising number of geriatric patients with growing awareness about personal safety and hygiene is further expected to intensify home healthcare service demand in the North America. Mattress overlays and wound care together are projected to capture more than 85% of the overall market share by 2022.

Home care service dominated the global industry accounting for 32.0% in 2014 owing to rising number of geriatric patients. This service provides several benefits such as personalized care, familiar surroundings, and low treatment cost. On the other hand, durable medical equipment (DME) which includes mobility support is anticipated to witness attractive growth in the coming years owing to their increasing utilization for long term medical care coupled with provision of favorable repayment facility on these devices.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices

The U.S. lead the home healthcare market in North America with more than 80% share. Large base of aging population, growing healthcare infrastructure and high purchasing power are some of the key factors driving growth. Moreover, favorable government initiatives aimed at controlling treatment expenditure by promoting home care services is anticipated to fuel growth. According to the PRB (Population Reference Bureau), at present, approximately 50 million citizens of North America are over 65 years and the number is projected to reach to 89 million by 2050.

Major market participants in this industry include Medline Industries, Invacare, Stryker, Johnson & Johnson, Hill-Roam Holdings, Smith & Nephew, Span America, Kinetic Concepts, ConvaTec, and Molyncke HealthCare. The market is characterized by strategic alliance, innovative product launch, and mergers & acquisitions.

Rapid Growth in Optical Imaging System Market Due to Technological Advancements in Health Care Industry

The global optical imaging system market is expected to reach USD 3.0 billion by 2024, according to a new report by Grand View Research, Inc. Technological advancements and rising preference for noninvasive technology are anticipated to be the preliminary market catalyst.

Rising R&D efforts by pharmaceutical and biotechnological companies requiring the use of optical imaging systems are encouraging the market growth. Additionally, veterinary hospitals and educational institutions are utilizing this technology in research and diagnostics, due to its noninvasive nature.
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North America and Europe together accounted for the largest market share that was over 60.0% in 2015. Well-developed research infrastructure, availability of skilled professionals, and faster adoption rates of technically advanced devices within the region are certain factors promoting growth. Furthermore, supportive government initiatives in this region are propelling the growth in this sector. The government of Canada invested around USD 750,000 in the Canadian Imaging Research Center to promote research and commercialization opportunities in the imaging sector.

Asia Pacific is expected to witness the fastest growth rate during the forecast period owing to the easy availability of resources. Favorable environment is encouraging research activities as government funding for R&D is increasing in emerging nations, such as India and China. For instance, Impacting Research Innovation and Technology (IMPRINT), an initiative by the Indian government, promotes R&D in imaging and other technology sectors. This is expected to attract market players to this region, thereby facilitating higher penetration and expansion.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/optical-imaging-system-market-analysis

Further Key Findings From the Study Suggest:

  • The optical coherence tomography segment is the largest segment over the forecast period. The largest share was attributed to the extensive application in small animal imaging and research projects.
  • North America captured the largest market share of around 35.0% in 2015. The market is expected to maintain its dominance during the forecast period. Technologically advanced research infrastructure and increasing use in medical testing for chronic conditions are some of the factors supporting the growth in this region.
  • Asia Pacific is anticipated to witness a significant growth rate from 2016 to 2024 owing to the government initiatives in this region. For instance, the Asia-Pacific Optical Sensors Conference held every year by the Optical Society helps showcase new products to consumer, thereby increasing awareness regarding the market and its developments.
  • Some key players are PerkinElmer, Inc., St. Jude Medical, Inc., Carl Zeiss Meditec AG, Topcon Corporation, and Koninklijke Philips N.V.
  • In order to curb the competition, key industry players are meticulously involved in the development of new systems that facilitate easy diagnosis. For instance, the Dragonfly Catheter series by St. Jude Medical, Inc. provides data sampling of around 100 MB per second.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented optical imaging system market on the basis of technology, product, application, end-use therapeutic area, and region.

Emerging Trends in Third Party Logistics Market in terms of Revenue

The global Third Party Logistics Market is expected to reach USD 925.31 billion by 2020, according to a new study by Grand View Research, Inc. increased convergence on core competencies by outsourcing secondary business activities such as logistics is expected to drive the 3PL market over the forecast period.

Infeasibility in managing geographically dispersed supply chain operations as a result of increased globalization has led to several companies outsourcing their logistics function. Emerging trends such as Big Data and availability of industry-tailored 3PL services are expected to drive the market over the forecast period. Lack of internal control for addressing logistical challenges has led to increased outsourcing by wholesalers and retailers, thereby providing a fillip to the 3PL industry.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/third-party-logistics-market

Further key findings from the study suggest:

  • DCC is expected to be a fast growing segment of the trucking and distribution industry, with several prominent retailers such as Wal-Mart, Target, and Kroger catering to the service in order to increase truck capacity and reduce costs. DTM, which involves value-added transportation management services and freight brokerage, is expected to grow consistently throughout the forecast period. Refrigerated grocery and pharmaceutical applications are expected to emerge as the major growth areas for value-added warehousing services.
  • Asia Pacific accounted for over 30% of the market share in 2013, which can be primarily attributed to a surge in warehousing and distribution facilities in China, India, Indonesia, Singapore, and Thailand. The North American 3PL market is expected to witness high growth throughout the forecast period owing to gradually reducing labor and transportation costs in the U.S. and Mexico coupled with technological advancements in logistics software in the U.S. The Eurozone crisis has considerably dampened Europe‚Äôs transportation and logistics industry which has a direct bearing on the regional 3PL industry. Automotive and life science industries are expected to lead the rejuvenation of the European 3PL market.
  • The 3PL market is moderately fragmented due to a blend of new entrants and established players. Due to several reasons ranging from overpriced companies & negative acquisition experiences to economic uncertainties & lack of attractive targets, the merger and acquisition (M&A) activity in the industry has considerably dampened. Continuous evolution and development of latest IT & automation systems for enhancing material tracking, value addition, flexibility, and security is expected to emerge as a key differentiating parameter of judgment while selecting a logistics partner.
  • Logistics providers have laid emphasis on deploying cloud-based solutions to harness real-time data accessibility for reducing their IT and overhead costs. Leading players such as FedEx and Kuehne + Nagel have continuously worked towards incorporation of new features in their transportation management systems to enhance their supply chain operations. Other prominent 3PL vendors include C.H. Robinson Worldwide, DHL, J.B. Hunt, and UPS Supply Chain Solutions.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/communication-services

For the purpose of this study, Grand View Research has segmented the global 3PL market on the basis of service and region

Rising popularity of Roofing Membranes to prevent water leakage in residential and commercial is expected to fuel Market demand

Global Waterproofing Chemicals Market is expected to exceed USD 7 billion by 2022, according to a new study by Grand View Research, Inc. Construction industry growth is anticipated to drive the market growth of waterproofing chemicals. Government of China, India, France and UK have framed numerous policies for clean groundwater and land filling, which is anticipated to increase the application of waterproofing chemicals over the forecast period.
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Roofing was the largest application segment, accounting for over 25% of global waterproofing chemicals market revenue in 2014. Rising popularity of roofing membranes to prevent water leakage in residential and commercial structures is expected to fuel waterproofing chemicals market demand in the near future.

To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/waterproofing-chemicals-market

Further key findings from the study suggest:

  • Bitumen was the largest product segment, accounting for over 40% of global market revenue in 2014. Increasing application of bitumen as roll roofing component in residential and commercial building structures on account of its unique properties including high viscosity and stickiness is expected to have a positive impact on market.
  • Gaining popularity of thermoplastic polyolefin (TPO) on account of being heat reflective and an energy efficient roofing system is expected to have a positive impact on market growth over the next seven years.
  • Building structures are anticipated to remain fastest growing application segment on account of increasing government expenditure on infrastructure improvement in Brazil, India, China, Mexico and Saudi Arabia.
  • Asia Pacific was the largest waterproofing chemicals market, accounting for over 40% of market revenue in 2014. Growing housing sector in China and India in light of increasing urbanization and population growth is expected to fuel waterproofing chemicals market over the forecast period. Government of India announced National Manufacturing Policy in 2011, intended for enhancing the production output in chemicals, automotive, pharmaceutical and food & beverage industries at domestic level. This regulatory move is anticipated to increase the penetration of commercial structures, which is likely to fuel waterproofing chemicals market demand in the near future.
  • Major waterproofing chemicals manufacturers include companies such as Conpro Chemicals, Triton Chemicals, Dow Chemical Company, Pidilite Industries, Bostik and Sika. Expansion of refining capacity in Middle East is anticipated to ensure raw material access for waterproofing chemicals manufacturers in the near future.

View All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
For the purpose of this study, Grand View Research has segmented the global waterproofing chemicals market on the basis of product, application and region.