Version Control Systems Industry analysis research and trends report for 2018-2024

​According to new Global Market Insights, Inc, technology research report Version Control Systems Market to driven by the increased adoption of mobile applications. These applications require back-end activities to track source code changes & ensure the ease of management. The version control system assists developers to keep a record of all modifications and enables comparisons with previous files. It also eliminates the need for manually managing and tracking the changes in the file and data and simplifies the software development process.

The technological advancements in automation and digitalization to minimize human-associated errors have fueled the growth in version control system market. The human error is a major factor leading to accidents and failures in the industry, leading to increased expenditure and irrevocable capital losses. Furthermore, the increasing demand for user-friendly solutions and ease of operations have increased the demand for automated software solutions and tracking tools.

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The numerous benefits including interoperability, portability, and auditing will augment the demand for version control systems market. The version control systems can be integrated with IDEs, allowing the developer to use a software from the same tool they are working on. The control system maintains a metadata for every change in the system, making it easy for the auditor to audit the data as it is readily available. The system can be used on multiple platforms and to support a broader customer base.

Majority four types of framework are present in the version control systems market: Concurrent Versions System (CVS), Apache Subversion (SVN), and Git, Mercurial. CVS handles branching projects, so that the developed project can diverge into multiple products with distinct features. CVS also manages conflicts between two developers and allows the latest version of the code to be worked on & updated.

Apache Subversion (SVN) is an alternative for CVS to fix bugs in the CVS system. The SVN prevents the database from being corrupted by employing atomic operations. SVN allows all the changes to be made at the source and prevents any partial changes from breaking the original source code. Mercurial distributed version control system allows non-core developers easier access to create new branches of source code & to revert changes. Mercurial’s incompatibility with multiple parents is its drawback.

Various types of version control systems are local, centralized, and distributed. Developers use local version-control method as it facilitates easy file transactions across multiple directories. Local version control systems are error prone due to sophisticated maneuverability functionalities.

The centralized segment allows developers to collaborate with developers on other systems. In centralized control systems, all versioned files are stored on a single central server. The centralized version control systems store the entire data in the central database, which serves as a sole point of failure. Thus, a failure in the central server could result in the loss of entire data across the system. The distributed version control system stores the data on multiple servers (client repositories) so if the server is corrupted, then the data can be restored from the client repositories.

The version control systems market has found applications in Information & Technology (IT), telecommunications, and BFSI sectors. The version control systems are used for source code & document management and for the development of open source and standalone applications. The version control has also been used for tracking changes across the multiple managed entities.

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Various applications of version control systems market are file locking and version merging. The file locking prevents concurrent access to central repository. This protects the file against merge conflicts. The version merging allows multiple edits to a file simultaneously. The system also manages multiple changes in the central repository, preserving various changes from multiple developers.

The North American version control systems market is driven by the early adoption of version control platforms. The companies, such as Git and Perforce, have invested heavily in the development of advanced version control systems, fostering the market growth. Asia Pacific version control systems market is driven by the increasing adoption of version control platforms by SMEs in countries including China and Japan. The rapidly-growing IT industry in countries including India has also fostered the demand for the systems.

The prominent venders of the version control system market are Microsoft Corporation, Apache Software Foundation, Perforce, Git, Mercurial, Canonical Ltd., WANdisco, and IBM. The major companies operating in the market are focusing on forming partnerships, mergers & acquisitions, and new product development to gain a competitive edge over the competitors. For instance, Perforce Solutions, a global provider of productivity-based enterprise solutions acquired Programming Research Ltd., a leading provider of enterprise grade static code analysis based in the UK. This acquisition was aimed at strengthening its product portfolio. Similarly, WANdisco, the live data company launched it sales partnership with Alibaba cloud to increase its customer base in foreign markets.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Haptic Technology Market 2024: Opportunity and Demand Analysis, 2018-2024

​According to new Global Market Insights, Inc, technology research report Haptic Technology Market to witness significant growth from 2018 to 2024 driven by its increasing use in touch screen systems. Most consumer electronic devices such as cell phones, laptops, and public display systems provide touch-enabled displays. Growing consumer preference for using highly-advanced technical devices, such as 3D touchscreens, virtual gaming objects, and interactive kiosks, is increasing the haptic technology market demand. The implementation of the technology is done by manufacturers to maintain a competitive advantage over the rivals in this industry. This technology provides several advantages such as enhanced user experience, tactile feedback, and a feel of a realistic and immersive environment. For instance, in gaming applications, the user is able to experience the recoil from a gunshot or car collision, providing a better user experience.

The rising consumption of digital interfaces incorporating these technologies is driving the haptic technology market growth. In commercial settings, the interface reduces the need for office supplies. These technologies provide users with immediate information and allow them to modify the behavior to cater to the various tasks such as ledger keeping and data analyzing more efficiently. Training workers on the operation of new technologies is an important and tedious task for organizations. These systems aid in reducing the efforts and the time required for training due to their easy adaptability and usage.

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A major trend impacting the haptic technology market is the implementation of the 3D touchscreen with haptic feedback. For instance, Microsoft has developed devices incorporating these technologies along with 3D screens, which can provide feedback to operators and give them the ability to push 3D objects around in a virtual space. The trend of manufacturing self-service kiosks by implementing these technologies will aid in increasing the usability of touch senses in the kiosks. Advanced electrostatics is used to create movement sensations on kiosk touch screens, eliminating the need for movable components such as servers & scanners and suitable for all screen sizes and types. The implementation of IoT systems with these components is an advanced technical trend in the haptic technology market owing to its use in eccentric rotating mass, linear resonant, and piezoelectric actuators. Apple’s Taptic Engine, which is an IoT system based on the LRA technology provides a localized experience for improving users’ touch on the keyboard.

Tactile feedback segment in the haptic technology market has witnessed high revenue and growth prospects in the recent years. This is attributed to the rising implementation across several consumer electronics devices such as smartphones, tablets, and laptops. Additionally, increasing usage in various other applications such as wearables, gaming, healthcare, and automotive products is fueling the demand. Force feedback segment in the industry is predicted to witness steady growth due to the ability of the system to receive feedbacks from the various inputs given by the user to eliminate performance issues. These systems are applied in specialized devices such as gaming joysticks, virtual reality walls, and medical operation machines. For instance, in March 2015, Apple Inc. launched a new MacBook incorporating the haptic force feedback technology that allows the trackpad, touch sense recreation by vibration simulation.

The education segment is witnessing a rapid growth in the haptic technology market. The high growth is due to its implementation in conducting performing experiments such as understanding the the feel of tissues and visualizing the interaction of Nano-scale materials. These technologies are also used in educating visually-impaired students by providing study materials in electronic devices with haptic displays. The haptic technology market has growth opportunities in healthcare machines as doctors are able to navigate through and view the patient’s 3D brain scan. It is increasingly implemented in cases of perceptual deficiencies by health professionals and patients to alert them in performing necessary actions and can be used in both home and hospital settings.

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India, China, and Japan are expected to grow at high rates in the haptic technology market owing to the presence of a large number of consumer electronics manufacturers in these countries. A high demand in the Asia Pacific region is attributed to the increased buying power of customers in purchasing such products. The U.S. has dominated the haptic technology market due to the early adoption of advanced technologies and growing research and development practices related to these technologies. Growing number of automobile manufacturers in the country are increasing the technology consumption. These are used in vehicles that provide communication essential information to the driver at times of emergency situations and accidents. Additionally, this is used in creating non-visual communication and control systems in vehicles by improving the reaction time and providing necessary warnings. The increasing demand for automotive user interface in the U.S. that supports safe driving is creating large development opportunities for the haptic technology market. The ultrasonic mid-air advancement enables three-dimensional vehicle interaction, reducing the need for buttons, knobs, and screens.

Players operating in the haptic technology market include SMK Electronics, Immersion Corporation, Texas Instruments, Inc., Haption S.A., Force Dimension, and Geomagic, Inc. Companies have adopted strategies such as new product developments or innovations, mergers, acquisitions, collaborations, and partnerships to sustain the increasing competition in the haptic technology market. For instance, in May 2018, Immersion Corporation signed a licensing agreement with Panasonic to add haptics to automotive interfaces application, strengthening its hold in the haptic technology market.

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Video Streaming Industry analysis research and trends report for 2018-2024

​According to new Global Market Insights, Inc, technology research report Video Streaming Market size is slated to grow substantially in the forecast timeframe propelled by growing demand for on-demand entertainment services, rapid adoption of cloud-based video streaming solutions, and network bandwidth optimization. These drivers have accelerated the adoption of streaming media services in enterprises by providing high-availability web-content, endless data storage, and reduced lag time in content delivery. With the tremendous growth in a number of internet users, the video streaming market is expected to grow faster during the forecast timeline.

Video streaming technology facilitates real-time presentation and distribution of audio, video, and multimedia content over IP network managed by the service providers. It allows a user to view the content in real-time without waiting for the entire file to be downloaded, which saves time and provide the media owners with built-in copy protection. The technology is increasingly being adopted due to the rising data consumption and smartphone penetration, availability of high-speed internet access, and increasing number of digital media players such as Netflix, YouTube, Amazon, iTunes, and Facebook. The emerging trend of enterprise mobility and evolving payment mechanisms, such as third-party wallets and net banking, is expected to drive the on-demand video streaming market. Furthermore, the use of Artificial Intelligence and video analytics to understand the customer behavior is likely to provide new opportunities for the market.

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Major factors such as connectivity issues, technological issues, a surge in internet traffic, and data loss due to buffering raise concerns for the video streaming market. In addition to this, the disparity among software systems, high content cost, and easy availability of pirated data restrain the market growth.

The online delivery of content can be done using two types, on-demand and programmed-time streaming. On-demand video streaming helps users to play a video at any point of time while programmed-time streaming establishes a channel on a scheduled basis. The video streaming market has penetrated into different user segments including BFSI, education, healthcare, government, travel, and entertainment. The business organizations and educational institutions are witnessing a notable growth of video streaming market for delivering presentations, seminars, and promoting e-learning initiatives. Healthcare sector is also flourishing due to the usage of streaming solutions to improve care coordination and patient engagement; increased collaboration among care teams and to minimize the cost of healthcare facilities.

North America is likely to account for the largest share of the global video streaming market due to the high adoption of digital technology, large-scale investments in streaming solutions, and institutional partnerships. Consumers in this region are spending a huge amount on subscription-video services like Netflix, Hulu, and Amazon, which is likely to boost the market.

The APAC region offers potential growth opportunities led by a boom in video streaming apps, the introduction of high-speed data plans, rising awareness of business productivity among players, and increasing usage of digital media among organizations as traditional broadcasters are shifting their services online. The entry of major and established players in this region is likely to open new avenues for the video streaming market. For instance, Amazon Prime Video has invested in digital entertainment services in India.

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Some of the key vendors in the video streaming market include Adobe, Microsoft, RealNetworks, Google, Netflix, Amazon, Pandora Media, IBM, Cisco, Apple, Haivision, Brightcove, Hulu, Ooyala, Polycom, Wowza Media Systems, and Vbrick. Companies are adopting various growth strategies, such as acquisition and new product development to expand their presence in the global video streaming market. For instance, in January 2018, Cisco introduced Infinite Video platform, a virtual cloud stack to deliver highly secured video experiences. Similarly, in September 2017, Vimeo acquired the live video streaming platform, Livestream to launch its product Vimeo Live. This integration will provide creators with live streaming capabilities. Such strategic initiatives will help companies to gain the market share and get an edge over competitors.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Music Production Software Market 2024: Opportunity and Demand Analysis, 2018-2024

​According to new Global Market Insights, Inc, research report Music Production Software Market to grow at a significant rate during the forecast period owing to growing adoption of digital music software and the ease with which the software can be downloaded. The availability of several online tutorial sites and reference articles will help professional musicians as well as music enthusiasts to learn music in a hassle-free manner. Social media platforms, such as Twitter and Facebook, allow artists to gather data regarding their audience so that they can engage with them at a personal level. In addition to this, the availability of music production software that is compatible with devices such as smartphones, laptops, and tablets are expected to drive the music production software market growth during the forecast period.

The music production software can be categorized based on editing, mixing, and recording type. The editing software will account for a high market share due to the software’s ability to change the tuning and pitch of the recorded music. The increasing usage of online cloud-based editing software due to its cost-effectiveness will also contribute to the rapid growth of the music production market growth over the forecast timeline.

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The music production software market is gaining popularity due to technical advances in web usage that offer advanced teaching methodologies and software with user-friendly interfaces. The low cost and easily deployable software allow users to use it for a variety of purposes such as recording tracks and sound mixing. Moreover, Artificial Intelligence (AI), big data, and music streaming trend continue to provide new opportunities for the music production software market growth. These technologies are continuously employed by the music industry to improve the overall user experience. AI combined with other machine learning algorithms help music providers to understand the users’ listening habits and social media behaviour.

The key challenges for the global music production software market growth include a dearth of trained and skilled professionals, prevalent internet legislation, and availability of pirated content. The industry should tackle these challenges by tracing the sources of illegal distribution and eliminating accidental piracy of the content.

The end-users of music production software include professional and casual users. Professional users will account for the major market share during the forecast period due to the availability of the software at various affordable price ranges. Casual users use this software for learning, analyzing, editing, and broadcasting music.

North America holds a significant share of global music production software market due to the increasing popularity of paid streaming services and various government initiatives to aid the music industry. For instance, CIMA (Canadian Independent Music Association) advocates policies and initiatives, such as Canada Stand, Canada House, and CIMA Music Mission, to promote Canadian music in international markets to ensure the long-term development of the sector.

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Asia Pacific music production market growth is fueled by the emergence of the digital landscape and the constantly-improving internet connectivity. The increasing usage of Big Data by music streaming service providers leads to more informed and effective advertising messages. Moreover, the growing number of regional players, such as KKBox, JOOX, and Yonder, continue to fetch a large market share of the online music industry. In contrast, low average subscription revenue and prevalence of low-end smartphones among mass-market consumers will hamper the market growth in a few countries.

Some of the prominent vendors in the global music production software market include Ableton, Cakewalk, Steinberg Media, PreSonus Audio, Apple, FL Studio, Cockos, Avid Technology, MOTU, and Propellerhead Software. To attain a competitive advantage over the other players, these players are focusing on new product development strategy. For instance, in March 2018, Tracktion launched a new recording software Waveform 9, with improved Digital Audio Workstation (DAW) to inspire the artist’s creativity. It also offers multi-sampler tools to dissect the beats and 24 track drum loop construction kits for workflow enhancements. Similarly, in March 2017, KORG, Inc. launched new music production software gadgets, Lisbon, Vancouver, and DOTEC-AUDIO DeeMax for Mac. These gadgets allow more detailed editing, provide a high degree of platform interoperability, and simplify the music production process. Such consistent product development and commercializing initiatives are expected to accelerate the market growth during the forecast timeline.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Residential Smart Metering Systems Market to grow 8% CAGR from 2018 – 2024

​The technology research report “Smart Metering Systems Market Size By Application (Residential, Commercial, Utility), By Product (Smart Water Meter Systems, Smart Electric Meter Systems, Smart Gas Meter Systems), By Technology (AMR, AMI), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Italy, France, UK, Sweden, Italy, Portugal, Russia, China, Japan, South Korea, India, Australia, UAE, Saudi Arabia, South Africa, Lebanon, Egypt, Mexico, Brazil, Uruguay, Argentina), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Smart Metering Systems Market to surpass USD 21 Billion by 2024; driven by rising demand for renewable energy and effective transmission facilities.

Implementation of fiscal incentives along with the government plans to replace the existing meters will drive the smart metering systems market size. Several countries have enforced regulatory directives to accelerate the deployment of AMI meters as a part of their energy conservation initiatives. In 2016, the U.S. city of Berea in Ohio partnered with metering firm NECO and Badger Meter, a metering solutions company for the rollout of smart water meters project.

The U.S. smart metering systems market is predicted to exceed USD 3 Billion by 2024. Stringent regulatory framework to achieve energy savings along with ongoing measures to replace the conventional meters will augment the industry landscape. For instance, the California Public Utilities Commission (CPUC) has sanctioned the investor-owned utilities to replace conventional meters with intelligent meters to ensure customer control over the energy usage. The Southern California Edison has been authorized by CPUC for the installation of approximately 5.3 million smart meters.

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AMI smart metering systems market is predicted to grow over 10% by 2024. Increasing adoption of automated technologies across energy utilities to ensure energy conservation, customer service improvement and load management will boost the product demand. AMI meters dynamically involve the end users to execute the consumption decisions and provide real time information regarding the energy usage.

UK smart metering systems market will witness growth on account of rapid technological advancement along with growing adoption of sustainable systems. Introduction of automated data management systems across the metering industry will further fuel the industry growth. The introduction of intelligent metering system forms a fundamental part of the recent government policies aiming at the environmental sustainability and energy conservation.

Australia smart metering systems market is set to expand over 16% by 2024. Introduction of government policies along with growing measures toward energy conservation will fuel the business growth. In December 2017, the government of Australia introduced Power of Choice reform which seeks to provide AMI meters to all electricity consumers across the region.

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Increasing number of utilities along with the integration of advanced ICT solutions for operations will stimulate the smart metering systems market growth. The rising demand for effective measurement, monitoring, and utilization of natural resources will further facilitate the large-scale deployment of these meters.

Key industry participants in the smart metering systems market include Apator, Circutor, Iskraemco, Kamstrup, Aclara, Sensus, Neptune, Osaki, Badger Meter, Honeywell International, Schneider, Itron, Siemens, and Landis+Gyr.

Smart metering systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2013 to 2024, for the following segments:

By Application

  • Residential
  • Commercial
  • Utility

By Technology

  • AMI
  • AMR

By Product

  • Smart water meter
  • Smart gas meter
  • Smart electric meter

The above information is provided on country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Sweden
    • Portugal
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Egypt
    • South Africa
    • Lebanon
  • Latin America
    • Mexico
    • Brazil
    • Uruguay
    • Argentina

Browse key industry insights spread across 305 pages with 460 market data tables & 14 figures & charts from the report, Smart Metering Systems Market in detail along with the table of contents:

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Smart Electric Meter Market to cross $10bn by 2024

​The technology research report “Smart Electric Meter Market Size By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Utility), By Technology (AMI {RF, PLC, Cellular}, AMR), By Phase (Single Phase, Three Phase) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Italy, Sweden, Denmark, Austria, Spain, China, India, Japan, Australia, South Korea, Saudi Arabia, UAE, Oman, Kuwait, Iran, Lebanon, Egypt, South Africa, Nigeria, Brazil, Mexico, Uruguay, Argentina, Chile) Application Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Smart Electric Meter Market to reach USD 10 Billion by 2024, driven by renewable energy integration to smart grid infrastructure.

Robust implementation of government mandates and fiscal incentives toward the adoption of sustainable technology will drive the smart electric meter market size. Several countries have enacted distinct legislation mandating the adoption of AMI meters as a part of their comprehensive energy conservation initiatives. In March 2011, the Government of UK framed a rollout strategy and designed a policy framework for smart meters. The Smart Metering Implementation Programme is expected to achieve the installation of over 50 million smart meters by 2020.

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U.S. smart electric meter market is anticipated to exceed USD 1 Billion by 2024. Significant encouragement by regulators and policymakers toward the adoption of smart technologies will stimulate the business growth. As per the Residential Energy Consumption Survey conducted by the EIA in 2015, residential smart meter adoption across the U.S. stood around 40%. Furthermore, it has been analyzed that electric utilities across the country had installed over 70 million AMI meters till 2016.

AMI smart electric meter market will grow on account of continuous expansion and increasing share of renewables across centralized and decentralized grid infrastructure. Rapid technological advancements coupled with growing concern toward energy conservation will strengthen the business outlook. Smart meters integrated with automated data management systems have drastically eased the assessment of consumption patterns by the user.

UK smart electric meter market is witnessed to grow on account of growing measures toward the adoption of energy efficient products. Introduction of strict emission norms toward the development of sustainable technologies has created a competitive business scenario for leading manufacturers across the region. The Article 9-11 of the UK Energy Efficiency Directive provides rules on devices related to metering and billing information that needs to be provided to end users.

China, in 2017 accounted for over 70% smart electric meter market share across Asia Pacific. Growing penetration of smart technologies along with shifting focus toward energy efficiency will stimulate the business growth. Asian Development Bank is supporting the sustainable use of energy and the roll-out of smart meters is the top priority in line with the adoption of renewable and smart-grid technologies. China in its 13th five-year plan introduced various smart city projects that include the installation of smart meters across water and electric networks.

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Shifting trends toward an effective measurement, monitoring, and utilization of resources to limit the overall energy challenges will drive the smart electric meter market. Metering and monitoring have been the essential tools for the measurement and efficient energy management. In addition, these provide building owners & operators with the information to improve building energy performance.

Key industry participants in the smart electric meter market include Apator, Iskraemco, Circutor, Kamstrup, Sensus, Aclara, Neptune, Badger Meter, Osaki, Honeywell International, Schneider, Siemens, Itron and Landis+Gyr.

Smart electric meter market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2013 to 2024, for the following segments:

By Application

  • Residential
    • Single family
    • Multi family
  • Commercial
    • Education
    • Healthcare
    • Retail
    • Logistics & transportation
    • Offices
    • Hospitality
    • Others
  • Utility

By Technology

  • AMI
    • RF
    • PLC
    • Cellular
  • AMR

By Phase

  • Single Phase
  • Three Phase

The above information is provided on regional & country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Sweden
    • Denmark
    • Austria
    • Spain
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Oman
    • Kuwait
    • Iran
    • Lebanon
    • Egypt
    • South Africa
    • Nigeria
  • Latin America
    • Mexico
    • Brazil
    • Uruguay
    • Argentina
    • Chile

Browse key industry insights spread across 511 pages with 1044 market data tables & 10 figures & charts from the report, Smart Electric Meter Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/smart-electric-meter-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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Car Sharing Market to cross $11bn by 2024

​The technology research report “Car Sharing Market Size By Model (P2P, Station-Based, Free-Floating), By Business Model (Round Trip, One Way), By Application (Business, Private), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, Turkey, China, Japan, South Korea, India, Taiwan, Malaysia, Singapore, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Car Sharing Market to exceed USD 11 billion by 2024, driven by growing adoption of vehicles enabled with advanced technologies.

Reduction in commuting costs is expected to propel the car sharing market growth over the next six years. According to the American Association of Automobiles (AAA), the average annual costs to own and operate vehicles are about USD 8,698. Car sharing model has the potential to significantly reduce the transportation costs for the commuters. According to the Transportation Sustainability Research Center, the monthly transportation savings for round trip car sharing members in the U.S. ranges from USD 154 to USD 435. Furthermore, car sharing addresses some of the traditional problems of owning a car including arranging and paying for parking spaces and maintaining the insurance cover.

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Stringent government regulations and norms associated with the emissions of greenhouse gases are propelling the growth of carsharing market. In January 2017, the government of Germany announced an initiative to encourage the adoption of these services by passing a draft bill to encourage the installation of the infrastructure required for these services. The government is helping the adopting of these services as these are considered crucial to make the transportation sector environmentally friendly.

The absence of proper transportation infrastructure is posing a great challenge to the car sharing market. Poor road conditions in India, Turkey, and Africa are limiting the adoption of the car sharing model. Growing traffic congestion due to lack of road infrastructure is discouraging the users to opt for cars as a mode of transport. Moreover, limited parking on the street or in public garages is restraining the adoption of station-based car sharing platform.

The use of advanced technologies is creating lucrative opportunities for the car sharing market growth. Industries are actively integrating technologically-advanced systems such as vehicle access and reservation systems into their vehicles to gain prominence in the carsharing market. The vehicle access system enables keyless entry whereas the reservation system allows the users to freeze their vehicles as per their time of need. For instance, Zipcar uses a zipcard as a vehicle access technique to unlock the doors of their vehicles and Enterprise CarShare uses a mobile app for reservation system to provide a selection of cars and the duration of usage for the customers. The adoption of such technologies will fuel the car sharing market growth.

P2P carsharing market is expected to witness growth due to the increasing number of people willing to rent out their idle cars on a short-term basis. For the owner, car is an asset that incurs costs in the form of loan repayment, insurance, maintenance, depreciation, etc. The owners are becoming increasingly inclined toward earning money by renting it out rather than letting the car sit idle in the parking lot.

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Round trip car sharing market is projected to undergo wide adoption due to the lower costs for long-distance trips as the fares are based on distance traveled. The model allows a user to pick and return a shared vehicle at the same station that is supported by mobile applications or a personal access card. Growing awareness related to environmental benefits of these services, such as reduction in carbon emissions, will further increase the adoption of round trip services over the coming years.

The U.S. carsharing market is projected to grow due to the incentives introduced by the government to promote the use of these services. The states in the country have enacted taxation regulations & legislation and incentives for companies providing these services. For instance, the state of Washington has announced tax credits of up to USD 60 per employee per year to the employers that offer these services to the employees. Various public transit agencies such as Los Angeles County Metropolitan Transportation Authority, Dallas Area Rapid Transit, Tri-County Metropolitan Transportation District of Oregon, Metropolitan Atlanta Rapid Transit Authority, and Massachusetts Bay Transportation Authority have formed partnerships with car sharing companies to locate car sharing vehicles near transit stations. The aim is to create a mobility hub for the commuters, thus propelling the car sharing market growth.

Some of the players in the car sharing market include Orix Corporation, Lyft, Inc. Locomute (Pty) Ltd., Ekar Fz LLC, Carrotshare, and Hour Car. Strategic acquisitions and partnerships are the strategies commonly adopted by the players. For instance, in January 2017, Europcar Group announced the acquisition of GuidaMi, a station-based car sharing company to expand its business in Milan. In November 2016, Getaround acquired stakes of City CarShare to strengthen its position in the market.

Car sharing market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD, fleet size in units, and members in units from 2013 to 2024, for the following segments:

Carsharing Market, By Business Model

  • Round trip
  • One-way

Carsharing Market, By Model

  • P2P
  • Station-based
  • Free-floating

Carsharing Market, By Application

  • Business
  • Private

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Turkey
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Singapore
    • Malaysia
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East
    • GCC
    • South Africa

Browse key industry insights spread across 227 pages with 323 market data tables & 28 figures & charts from the report, Car Sharing Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/carsharing-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Global Market Insights, Inc.
Phone:1-302-846-7766
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Global In-Car Infotainment System Market – Share, Growth, Analysis, Forecast to 2024

​According to new Global Market Insights, Inc, research report In-Car Infotainment System Market size is driven by the growing demand for the better driver assistant system in the automobiles. The in-car infotainment systems provide excellent entertainment facility such as audio, video and offers advance technology such as GPS, vehicle parking system that can assist the driver. The growing demand for the connected vehicles is also one of the major factor augmenting the growth. Due to the rising demand for the connected vehicles, the in-car infotainment system is becoming more sophisticated. The market players, original equipment manufacturers (OEM), software suppliers and the technology-based start-ups are coming together and competing to develop the advance infotainment systems that are safe and user-friendly.

The integration of the in-car infotainment system with the smartphone is one of the primary factor driving the growth in developing countries. The OEMs are collaborating with the technology solution providers to design and develop smart solutions to integrate the capabilities of the smart devices into the automotive. The technology giants Google and Apple have developed Android Auto and Apple CarPlay respectively to enable the mobile devices to be operated in the automotive through the dashboard unit.

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Several in-car infotainment products such as audio units, display units, head-up displays, navigation units and communication units are available in the market. The demand for the head-up display unit is increasing very rapidly due to the integration of the advance technology such as augmented reality, GPS, camera and sensors that assist drivers. Navigation units are also anticipated to grow substantially during the forecast period. The growth of the market is attributed to the increasing adoption of cloud-based GPS system, which provides real-time information and compatibility with other devices.

The in-car infotainment systems are widely used in passenger cars as well as in commercial vehicles. The passenger cars market is driven by the technological advancement in the infotainment system. The integration of the voice-based command system and gesture control system for multimedia is one of the major factor augmenting the market growth. Commercial vehicle also holds significant share in the in-car infotainment market. The transportation and logistics companies are leveraging the capabilities of the in-car infotainment system to manage their fleet and obtaining real-time information. In addition, smart navigation system and fuel consumption tracker capabilities offered by the system also drives the market growth.

North America is leading the in-car infotainment market. The growth of the market is driven by the increasing vehicle production. The high demand of the premium vehicle in U.S. is also one of the major factor backing the growth of the market in the region. Furthermore, high disposable incomes of the population also foster the market growth. Asia Pacific is estimated to grow significantly during the forecast period owing to the increasing demand of the vehicle in the developing economies such as China and India.

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The market is highly competitive due to the presence of the multinational as well as regional players. Some of the major vendors of the in-car infotainment market Alpine Electronics, Garmin, Pioneer, Harman International, Panasonic, Clarion, TomTom, Mitsubishi, Continental, Robert Bosch, Denso, Delphi, Visteon and Jvckenwood.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Global Market Insights, Inc.

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Global Solid State Automotive LiDAR Market – Share, Growth, Analysis, Forecast to 2024

​According to new Global Market Insights, Inc, report Solid State Automotive LiDAR Market size is expected to exhibit lucrative growth over the forecast period due to the growing popularity of autonomous vehicles and the huge investment from the automotive sector for developing and commercializing autonomous vehicle technology. The automotive industry has been disrupted by game changing technologies over the last decade which include driverless car prototypes and Automotive ECU (Electronic Control Units). Solid state LiDAR technology is expected to accelerate the large-scale autonomous vehicle commercialization over the next ten years.

LiDAR (Light Detection and Ranging) is a remote sensing technology which emits a laser pulse beam onto the target with defined intensity and focus and measures the arrival time of the reflected beam by photodiodes within the receiving sensor. The technology is being explored for a wide range of applications in the automotive sector including fully automated driving, parking assistance, forward collision warning and automatic emergency braking. Some of the major drawbacks of early LiDAR systems are high cost, weather sensitivity and bulky size. Also, LiDAR systems consist of moving parts such as rotating mirrors. Solid-state LiDAR systems, as the name suggests, contain no moving parts and score high on the robustness level required by stringent automotive standards. New solid-state LiDARs are being designed by manufacturers to solve the cost, reliability, size, and complexity issue of mechanical scanning LiDARs. Due to their low cost, it is possible to combine two or more sensors to cost-effectively enhance the field-of-view coverage.

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Some of the potential advantages of solid-state LiDAR systems for the automotive applications are automated tolling, vehicle measurement and profiling, vehicle to infrastructure communication, speed enforcement and monitoring and real-time traffic monitoring and control. The evolution of early LiDAR systems into solid-state LiDAR technology is primarily drive by next-generation sensors that contain no moving parts on the micro and macro scale. This ensures highest level of longevity, dependability, reliability, performance, and cost efficiency.

Europe, being a hub for numerous global automotive manufacturers is expected to lead the solid-state automotive LiDAR market over the forecast timeline. German automotive companies such as BMW and Audi are increasingly focusing on incorporating advanced LiDAR technology in their vehicles to facilitate enhanced safety of the passengers. In March 2018, BMW i Ventures, a venture capital fund which focuses on finding and supporting next-generation technology companies invested in Blackmore Sensors and Analytics, Inc., a U.S.-based technology company involved in developing LiDAR technology for the automotive industry. The funds will be used to increase the production of Blackmore’s FMWC LIDAR sensor that are used for advanced driver assistance systems.

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The companies operating in the solid-state automotive LiDAR market are aggressively involved in technology innovation to commercialize next-generation LiDAR systems in the automotive sector. For instance, In January 2018, Innoviz Technologies, an Israel-based technology company involved in development of sensing solutions for automotive applications, launched the InnovizPro, a stand-alone, solid-state, MEMS-based scanning LiDAR solution which offers a long detection range of up to 150 meters. Similarly, in September 2017, AEye Inc, a technology company involved in the development of advanced vision hardware and software solutions announced the completion of a successful live demo of its 360° Solid State LiDAR System for autonomous vehicle application. It is a first commercial solid-state LiDAR system capable of 360° coverage and real-time software configurability. Some of the companies operating in the solid-state automotive LiDAR market are, Innoviz, Quanergy, LeddarTech, Innovusion, Infineon Technologies, Velodyne LiDAR, Continental AG, Delphi Automotive, AEye, Benewake, Cepton, Luminar and Robosense.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

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Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

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Mobility on Demand Market – 15% CAGR for Ride Hailing service segment to 2024

​The technology research report “Mobility on Demand Market Size By Service (Car Sharing [By Model {P2P, Station-Based, Free-Floating}, By Business Model {Round Trip, One Way}], Ride Hailing, Car Rental [By Vehicle Type {Luxury Car, Executive Car, Economy Car, SUV, MUV}], By Application (Business, Private), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, Turkey, China, Japan, South Korea, India, Taiwan, Malaysia, Singapore, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024” by Global Market Insights, Inc. says Mobility on Demand (MOD) Market to exceed USD 200 billion by 2024, driven by growing adoption of vehicles enabled with advanced technologies.

Mobility on demand market is expected to grow over the forecast time span due to the increasing inclination of customers toward shared services rather than ownership. The costs of owning vehicles including components, such as insurance, repair & maintenance, and depreciation, are more than the sharing of vehicles. Furthermore, volatility in fuel prices is encouraging the users to switch to the shared transport, propelling the mobility on demand market growth.

Increasing government initiatives to implement these services in countries are expected to accelerate the mobility on demand market growth. The governments in various developed economies including the U.S. and Germany are funding such projects to foster innovations and provide technical assistance to the industry players. For instance, the Federal Transit Administration (FTA) of the U.S. has signed an agreement with a national non-profit organization, Shared-Use Mobility Center (SUMC) to provision the successful implementation of these projects across the country.

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Growing trend of adoption of electric and plug-in hybrid vehicles in shared transportation services is dominating the mobility on demand market. Increasing stringency of regulations regarding the emissions of hazardous greenhouse gases from the vehicles is compelling the drivers and fleet owners to opt for these environment-friendly alternatives. Various automobile manufacturers are forming strategic partnerships with mobility on demand vendors to promote the use of electric or plug-in hybrid cars. For instance, Volkswagen UK formed a partnership with Zipcar to launch a new fleet of 50 Volkswagen GTE plug-in hybrid cars in London. These premium zero-emission cars encourage more people to choose electric instead of fossil-fuel-based cars.

Technological advancements and the emerging IoT trend are further propelling the mobility on demand market growth. Rise in the number of connected vehicles and the increasing penetration of smartphones are anticipated to drive the industry. Various government organizations are focusing on encouraging digitalization for the overall economic growth. Technological developments, such as autonomous and AI-enabled vehicles, are expected to revolutionize the industry. Innovations, such as electric vehicles and GPS-based navigation systems, are anticipated to fuel the mobility on demand market growth.

Inadequate transportation infrastructure is expected to hinder the mobility on demand market growth in countries including India, Brazil, and Mexico. Deteriorating conditions of road infrastructure discourage the commuters to travel by roads, thus challenging the growth of car rental market. Furthermore, the integration of these services with the traditional transport infrastructure is an expensive and time-consuming process. Lack of awareness regarding these services is pushing people to use public transport extensively, hindering the industry growth.

The growing popularity of car sharing services is expected to propel the mobility on demand market growth. Reduction in travel costs and emissions of greenhouse gases are some of the drivers of the car-sharing industry. Station-based car sharing services currently sized at over 600 million encourage the commuters to walk, cycle, or use public transportation to the car-stations. Technological advancements, such as smartcards, GPS tracking, and app-based reservation of cars, will drive the car sharing market growth, impacting the industry growth.

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The mobility on demand (MOD) market in private applications is expected to witness a significant growth over the forecast timespan due to growing inclination of individual commuters toward shared services. Increasing traffic congestion in urban areas is compelling the people to opt for services such as ride hailing for running daily errands such as grocery shopping, thus propelling the ride hailing market growth to reach over USD 100 billion by 2024. Increased convenience of booking these services through apps on smartphones and websites is further increasing the demand for mobility on demand market in private applications.

Key players in the mobility on demand market comprise Lyft, DriveNow GmbH, Didi Chuxing, Enterprise Rent-A-Car, Gett, and Uber Technologies. The industry is highly fragmented in nature and big players, such as Uber and Didi Chuxing, are adopting strategies such as M&As to penetrate into newer regions and gain share. For instance, in February 2018, Uber announced its intention to enter Vietnam by partnering with MoMo, a mobile wallet company in the country. Also, several regional players, such as Ola and Grab, are gaining a strong foothold in their respective regions by acquiring operations from foreign players such as Uber. For instance, in early 2018, Grab announced that the company is in preliminary talks with Uber Technologies to strike a deal to acquire its operations in Singapore.

Mobility on demand market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2013 to 2024, for the following segments:

Mobility on Demand (MOD) Market, By Service

  • Car sharing
    • By business model
      • Round trip
      • One way
    • By model
      • P2P
      • Station-based
      • Free-floating
  • Ride hailing
  • Car rental
    • Executive car
    • Luxury car
    • Economy car
    • SUV
    • MUV

Mobility on Demand (MOD) Market, By Application

  • Business
  • Private

The above information has been provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Singapore
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa

Browse key industry insights spread across 400 pages with 510 market data tables & 32 figures & charts from the report, Mobility on Demand Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/mobility-on-demand-mod-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free:1-888-689-0688
Email:sales@gminsights.com
Web:https://www.gminsights.com
Blog:https://www.gminsights.com/blogs
Connect with us:Facebook|Google+|LinkedIn|Twitter