Smart Grid Market Trends, Growth, Type and Application to 2025

The favorable government policies along with fiscal incentives drive the market of global smart grid market. Furthermore, large scale deployment of smart grid and the utility companies focusing on enhancing distribution efficiency are other factors that supplement the growth of this market. The solution segment accounted for more than three-fourths of the total revenue in 2017 and will maintain its dominance by 2025.

The global smart grid market generated $66.96 billion in 2017, and is expected to reach $169.18 billion by 2025, growing at a CAGR of 12.4% from 2018 to 2025.

Among components, the solution segment was the largest in 2017, capturing more than three-fourths of the market share and would maintain its dominance through 2025. This is because of the growing demand for solutions such as smart energy grid solutions for meter programming and substation automations solutions which provide user-friendly operator interfaces and enables the remote management of two-way communication between consumer and provider. However, the services segment would grow at the fastest CAGR of 13.9% through 2025. This is due to increased adoption of services among end users, as they ensure effective functioning of solutions and platforms throughout the process.

North America region accounted for more than two-fifths of the market in terms of revenue in 2017. However, the Asia-Pacific region is expected to grow at the highest CAGR of 16.1% during the forecast period. The research also analyzes regions including Europe and LAMEA.

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The residential segment is expected to register the highest CAGR of 14.7% from 2017 to 2025. However, the commercial segment accounted for nearly half of the total revenue in 2017 and will maintain its dominance by 2025.

The key market players explored in the research include Wipro Limited, Cisco Systems, Inc., Tech Mahindra Limited, General Electric, Siemens, Honeywell International Inc, Schneider Electric, International Business Machines Corporation (IBM), and Itron Inc., Oracle, They have adopted different strategies such as mergers & acquisitions, partnerships, collaborations, new product launches, and others to gain a strong position in the global industry.

Smart Stadium Market Expected to Surpass 22,101.9 Million,Globally, by 2025: Allied Market Research

Increased focus on fan engagement experiences at stadiums, growing adoption of IoT technologies to efficiently manage stadium infrastructure, and the advent of green initiatives & security regulations by sport governing bodies drive the growth of the smart stadium market. Software segment is likely to dominate the global market through 2025. Building automation management segment to grow at the highest CAGR through 2025. Europe to be the largest market during the forecast period.

The factors propelling the smart stadium market are an increased focus on fan engagement experiences at stadiums, growing adoption of IoT technologies to efficiently manage stadium infrastructure, and the advent of green initiatives & security regulations by sport governing bodies. Nevertheless, high initial investment & long wait for ROI along with security vulnerability of open Wi-Fi networks in stadiums restrict the market growth. On the other hand, growing sports league culture in emerging economies are expected to offer immense growth opportunities to emerging market players in the future.

Based on deployment models, the cloud segment is likely to grow at the fastest CAGR of 25.2% and generate over half of the global revenue through the forecast period. This is due to the growing adoption of cloud-based software to collect & analyze data, which eventually improves operational processes and amplifies fan engagement at stadiums.

the global smart stadium market accounted for $4.1 billion in 2017 and is expected to reach $22.1 billion by 2025, growing at a CAGR of 23.1% during the forecast period, 2018-2025. 

Among applications, the building automation management segment is likely to encounter the highest CAGR of 26.1% from 2018 to 2025, owing to providing facility managers with deeper insights which help them take faster judgment. Moreover, these systems also reduce administrative workload, which has led to increased adoption among end users.

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The report analyzes the prominent players operating in the smart stadium market and they include Cisco Systems, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, NEC Corporation, Johnson Controls International plc, GP Smart Stadium, Ericsson, NXP Semiconductors N.V., and Schneider Electric SE.

Global Smart Fleet Management Market is Expected to Reach $537.53 Billion, Globally by 2025

The global smart fleet management market was estimated at $276.56 billion at 2017 and is expected to hit $537.53 billion in 2025, garnering a CAGR of 8.9% during the forecast period. Integration of real-time fleet monitoring systems in vehicles, rise in use of cloud based technology for smart fleet management solutions and enhanced vehicle monitoring as well as fuel management have fueled the growth of global smart fleet management market. On the other hand, different security & privacy concerns have happened to check the market growth to some extent. Nevertheless, the intervention of automatic data capture and transfer have created multiple opportunities in the segment.

The report divides the market into transportation, hardware, connectivity, solution, and geography. By transportation type, it is segmented into automotive, rolling stone, and marine. Based on hardware, it is categorized into tracking, optimization, ADAS, and diagnostics. By connectivity, it is classified into short, long, and cloud. By solution, it is carved up into tracking and optimization. By geography, it is analyzed across North-America, Europe, Asia-Pacific, and LAMEA. Based on transportation, the roadways segment accounted for nearly three-fifth of the total market in 2017 and is anticipated to dominate throughout 2017-2025. The rising number of roadways vehicle and government facilities to improve the safety standards have driven the growth.

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By application, ADAS contributed to nearly three-fifth of the total market and is expected to maintain its top status during the forecast period. Top-end innovation & research in advancement of ADAS system have augmented the demand for smart fleet management market. By connectivity, the short-range segment accounted for nearly two-third of the total market 2017, growing at a CAGR of 7.8% during the period 2017-2025. On the other hand, the tracking segment showcased a CAGR of 9.7% throughout the period, thereby coming out as the highest shareholder in the market.

By region, Asia-Pacific held the share of more than one-third of the total market in 2017 and turned out to be the largest shareholder during the forecast period. The key players analyzed in the report include ChainwayTSP Co., Ltd., CarTrack Technologies Co. Ltd., Hyundai Motors, General Motors, BMW, Precious Shipping Company Private Limited, Infineon Technologies AG, Zonar Systems, Denso Corporation, Magellan and Trimble Navigation Ltd., and Workwave LLC.

Global Truck Platooning Market Worth $4590.3 Million by 2025 | CAGR: 32.4%

The global truck platooning market garnered $500.9 million in 2017 and is expected to garner $4.59 billion by 2025, growing at a CAGR of 32.4% from 2018 to 2025.

Stringent government policies for reducing emission in the transport sector, lowered fuel consumption, and supportive government initiatives for platooning drive the growth in the market. However, expensive platooning technology and increase in security & privacy concerns hinder the market growth. On the other hand, expanding size of fleet of truck platooning and surge in production of fully autonomous trucks create new pathways in the industry.

Based on technology, the adaptive cruise control (ACC) technology accounted for the highest market share in 2017, contributing nearly one-fourth of the total share. This is due to its advantages such as crash avoidance, less driver fatigue, and others. However, the blind spot warning (BSW) technology is expected to register the highest growth rate, with a CAGR of 38.4% from 2018 to 2025. This is attributed to reliable information provided regarding vehicle's blind spot, safe lane changing, high level of safety, and others.

Based on platooning type, the driver-assistive tuck platooning (DATP) segment contributed nearly 99% of the total market share in 2017, and is estimated to maintain its dominance throughout the forecast period. This is owing to autonomous trucks being in development phase along with feasibility of trucks with level 1 and level 2 automation for truck platooning. However, the autonomous truck platooning segment is expected to grow at the largest CAGR of 46.6% during the forecast period, 2018–2025. This is due to continuous developments carried out by the leading truck manufacturers producing trucks equipped with autonomous technology.

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North America contributed nearly half of the total share in terms of revenue in 2017, owing to supportive government policies for carrying out tests for platooning trucks on the roads. This region would maintain its dominant position throughout the forecast period. However, LAMEA is estimated to register the highest growth rate with a CAGR of 36.0% from 2018 to 2025, owing to reduction in fuel consumption, lowered carbon emissions, and others.

Leading market players analyzed in the research include AB Volvo, Continental AG, Bendix Commercial Vehicles Systems LLC, Delphi Automotive PLC, Daimler AG, Navistar International Corporation, Meritor Wabco, Peloton Technology, OTTO Technologies, Scania AB, and others.

Mobile Wallet Market to Reach $ 5,250 Million, Globally, by 2025, Says Allied Market Research

The mobile wallet market is witnessing growth globally with increasing adoption of mobile payment services. Asia Pacific is expected to be the fastest growing region for the market, during the forecast period followed by EMEA. 

the Global Mobile Wallet market size was valued at $16,650 million in 2013 and is projected to reach $ 5,250 million by 2020, growing at a CAGR of 127.5% from 2013 to 2020.

Growing awareness regarding mobile wallets and their applications, rising smartphone penetration and increasing security are expected to drive the mobile wallet market. Mobile commerce is expected to be the leading segment till 2020, followed by mobile ticketing and mobile money transfer.

The mobile wallet market is witnessing growth globally with increasing adoption of mobile payment services. The lack of regulations and monitoring for mobile enabled payments in African countries has triggered the mobile wallet growth in the region, whereas reluctance of merchants in Asia Pacific countries such as India, temporarily has hold the growth, which in turn will prompt the much faster adoption in future explain the analysts.

Although mobile payment services have the potential to transform the shopping and payment experience, most consumers still prefer cash or credit card payment due to their concerns related to security and technology infancy of mobile wallet. On the other hand, higher investment and deployment issues have also been detrimental to mobile wallet industry. Although these restraints are prevalent, companies from the telecommunication industry are collaborating to better serve the needs of the customers with new and improved product/service innovations, which will help to better the adoption both in consumer and merchant groups.

The global mobile wallet market is segmented based on applications, mode of payment and stakeholders. On the basis of applications, the market is segmented into mobile commerce, mobile ticketing, mobile coupons, money transfers, micro payments and others. In terms of mode of payment, the market is divided into NFC and remote payment. The stakeholders for the mobile wallet industry involve mobile network operators, handset manufacturers, mobile payment service providers, OSS/BSS solution providers, software developers, content and applications aggregators, and others which includes TSM, value service providers, retailers/merchants and mobile payment networks and banks. The OSS/BSS Solution Providers is expected to witness highest growth rate mainly due to the consistent development of mobile wallet in terms of technology namely NFC technology. The study also offers an updated review on the present major market players, which also includes description of relevant recent developments activities. Global positioning of the most active market players is also included in the study.

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Some of the key market players profiled in the report include American Express, Apple Inc., MasterCard, Visa, AT&T, Sprint, First Data, BlackBerry, Samsung, Google, and others. These companies are focusing on adopting strategies, such as product/service innovation, collaborations, and mergers and acquisitions to increase their market share and build consumer confidence respectively. For instance, American Express has recently come up with a new global standard to boost the digital payment security and make things easier for consumers with purchasing when shopping on a mobile handset, tablet, personal computer or any smart device.

Global Fraud Detection & Prevention Market is Expected to Reach $40,610 Million, globally by 2023

Emergence of big data analytics across various industries, such as BFSI, retail, manufacturing, healthcare, real estate, and others, high demand for cloud services, and proliferation of mobile devices for payment are expected to drive the market growth. Mobile phones enable easy access to personally identifiable information such as email address, home address, and banking & stored payment information. However, high installation cost of deploying varied prevention solutions, including predictive analytics, big data analytics, customer analytics, and others, hinders this growth.

In 2016, BFSI accounted for maximum revenue share, owing to frequent incident of fraudulent activities, specifically in mobile transactions. For instance, in January 2018, HID Global collaborated with ThreatMark, a threat and fraud detection technology provider to develop new features to improve the ability of financial organizations to identify cyber threats such as malware, identity theft, and account takeover.

The global fraud detection & prevention market was valued at $13,644 million in 2016, and is expected to reach $40,610 million by 2023, growing at a CAGR of 17% from 2017 to 2023. The banking, financial services & insurance (BFSI) and manufacturing sectors are expected to dominate the global market. North America was the leading contributor to the global revenue, whereas, Asia-Pacific is projected to be dominant region by 2023.

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Rise in demand for advanced authentication provides numerous growth opportunities for market expansion in the government sector. In addition, the retail segment is projected to grow at a highest CAGR of 18.7%, owing to rise in incident of card-related frauds, transactions, and revenue loses. The authentication segment generated the highest revenue in 2015, as organizations largely invest on technologies that can protect data from security risks and malware attacks. The fraud analytics solution is expected to grow at the highest CAGR, as these solutions analyze various forms of data and then covert them to actionable insights. In addition, rise in adoption of advanced analytics techniques and competitive intelligence that involves tactful data collection & collation, analysis, and formation of meaningful insights that enables in making strategic business decisions supplements the fraud detection & prevention market growth.

In 2016, North America accounted for a major share in the global fraud detection & prevention market. However, Asia-Pacific is expected to dominate by 2023, owing to increase in rate of Internet penetration in India, China, Japan, Malaysia, and Singapore as organizations need to protect corporate and personal information from fraud attacks. Furthermore, the need to support secure enterprise mobility practices within organizations is expected to boost the demand for fraud detection & prevention solutions.

Digital Map Market: Increasing Demand With Key Players

The global digital map market is segmented on the basis of usage, functionality, and region. Usage covered in this study include indoor and outdoor applications. By indoor applications, the market is classified into airports, malls, and departmental stores. By outdoor applications, the market is divided into automotive navigation, mobile & the internet, public sector agencies, and enterprises. Based on the functionality, the market categorized into computerized, scientific, and GPS navigation.

Increase in the use of geospatial information, growth in use of smartphones, and advancements in technology drive the growth of the global digital map market. However, availability of free crowdsourcing digital maps and legal challenges restrict the growth of the market.

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The outdoor segment dominated the market in 2016. Digital map companies across the globe have focused on calculation, accurate & reliable navigation, ease of convenience by transfer information and valuable insights to the user. In addition, easy & efficient operations, cost reduction, better connection with the communities, transparent nature, gain in competitive edge, improved decision making are fueling the growth of digital maps in outdoor use. Real-time mapping of the physical world represents lucrative opportunity for the market.

Usage wise the indoor segment is expected to grow at CAGR of around 15% followed by outdoor segment.

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The global digital map market is characterized by the presence of international market players. These companies tend to expand their market presence by adopting strategies, such as product development. Some of the key players operating in the digital map include Apple Inc., Google Inc, HERE, Micello, Inc., TomTom International BV, MiTAC International Corporation, ARC Aerial Imaging Limited, Esri, Nearmap Ltd., and MAPQUEST.