Connected Retail Market Forecast, Industry Outlook, Market Demand, Share 2015 To 2022 by Grand View Research, Inc.

The global connected retail market size is expected to reach USD 53.75 billion by 2022 according to a new report by Grand View Research, Inc. Increasing adoption of Internet of Things (IoT) across retail sector is expected to drive the connected retail market over the forecast period. IoT offers retailers opportunities in three important areas, the supply chain, customer experience, and new channels & revenue streams. Several retailers have successfully embraced IoT to help customers connect with the next-generation consumers, sophisticated technology, and leveraging connected devices.
Emerging retailing formats such as omni channel retailing are anticipated to fuel industry growth over the next seven years. Omni channel retailing offers a seamless and flexible shopping experience to customers by integrating and aligning channels. It creates opportunities for retailers to capture more sales and increase loyalty and brand awareness.
The widening presence of mobile devices and the expanded use of mobile networks such as e-commerce engines are expected to serve as facilitators for a unified online/offline retailing experience.
However, possibilities of unauthorized access to various IoT applications or breaking into the device connectivity system are expected to challenge the IoT connected devicesindustry.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/connected-retail-market

Asia Pacific Connected Retail Market Revenue by Technology, 2012-2022, (USD Million)

 

 Further key findings from the study suggest:

• The hardware segment is expected to grow at a CAGR of over 19% over the forecast period. The software segment is expected to witness highest growth over the next seven years owing to increasing number of applications for retail industry. Emerging app-driven hardware and embedded software into connected devices and the capability to monetize such device features and functions may contribute to industry growth. Hardware segment comprises sensors, RFID and gateway components.
• Bluetooth LE is expected to witness substantial growth, with a CAGR of over 25% over the forecast period due to significantly low power consumption. Bluetooth Low Energy has a very low transmission frequency, which greatly improves the power consumption. Wi-Fi technology dominated the market with the revenue share of over 32% in 2014.
• Managed services segment is contributed to over 40% of the overall global revenue shares in 2014. Implementing these services reduces the IT costs and enables retailers to gain the technical advantage. Retailers are increasingly outsourcing services to reduce risks and focus on its core competencies.
• Asia Pacific regional market is expected to grow at a CAGR of nearly 25% over the forecast period. Major manufacturers in the industry are based in China, owing to cheap labor and higher production capacities. Further, China is making heavy investments in IoT industry, which may contribute to market growth.
• Key industry participants include Atmel Corporation, ARM Holdings PLC, Cisco Systems, Inc., IBM, Google, Inc., Intel Corporation, NXP Semiconductors N.V.,Microsoft Corporation, PTC, Inc., Softweb Solutions, Inc., SAP AG and Zebra Technologies Corporation.

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Grand View Research has segmented the global connected retail market on the basis ofsolution, technology, service and region:
Connected Retail Solution Outlook (Revenue, USD Million, 2012 – 2022)

• Hardware
• Software

Connected Retail Technology Outlook (Revenue, USD Million, 2012 – 2022)

• ZigBee
• Wi-Fi
• Bluetooth LE
• NFC
• Others

Connected Retail Service Outlook (Revenue, USD Million, 2012 – 2022)

• Managed service
• Professional service
• Remote device management service

Connected Retail Regional Outlook (Revenue, USD Million, 2012 – 2022)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Smartwatches Market Forecast, Trends To 2020: Grand View Research, Inc.

The global smartwatches market is expected to reach USD 19.62 billion by 2020, according to a new study by Grand View Research, Inc. Growing companion device demand is expected to give impetus to demand for smartwatches. Increasing percentage of health/fitness conscious population has resulted in high demand for wearable fitness monitoring and tracking devices, including smartwatches.
The number of industry participants is expected to increase manifold over the next six years. In addition to startups, the expected entry of established companies is estimated to significantly fuel market growth. Ensuring usability and visual appeal is a critical factor for enabling product adoption on a global level. Furthermore, managing the tradeoff between battery life and performance is critical for profitability.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/smartwatches-market

Global Smartwatches Market, by Region, 2013

Further Key findings from the study suggest:

• Global smartwatch shipments were close to 2 million units in 2013, and are expected to reach 135.3 million units by 2020, at a CAGR of 53.5% from 2014 to 2020.

• High-end smartwatches accounted for approximately 90% of the global market in 2013. This segment is expected to lose market share to the mid-end and low-end segments over the forecast period. This can be attributed to the expected trend of decreasing selling prices with a growing number of manufacturers. Majority of consumers have been reluctant to invest in premium priced products on account of unclear benefits and lack of a value proposition.

• North America accounted for the highest market share of 35% in 2013; this is mainly due to higher purchasing power as well as increasing demand for fitness tracking equipment. Asia Pacific is expected to be the fastest growing regional market over the next six years. The regional market is expected to be driven by high smartphone proliferation and usage of Internet services.

• Industry participants include Samsung Electronics (Galaxy Gear), Pebble, Sony Corporation, Google Inc. and Qualcomm Inc. among others. R&D activities to drive innovation have been the key growth strategy for these companies. Established companies are expected to benefit from growing smartwatches demand, and drive revenue generation over the forecast period.

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For the purpose of this study, Grand View Research has segmented the global smartwatches market on the basis of price segment and region:
Smartwatches Price Segment Outlook (Volume, Million Units and Revenue, USD Million; 2012 – 2020)
            • High-end
            • Mid-end
            • Low-end
Smartwatches Regional Outlook (Volume, Million Units and Revenue, USD Million; 2012 – 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

Market Report - Air Traffic Control (ATC) Equipment Market Size, Company Share To 2020: Grand View Research, Inc.

The Global Air Traffic Control (ATC) Equipment Market is expected to reach USD 4.23 billion by 2020, according to a new study by Grand View Research, Inc. Need for construction of new airports, and expansion & modernization of the existing ones to address increasing passenger & freight traffic is expected to increase air traffic control equipment demand. Advancements in microelectronics have provided ample growth opportunities for the air traffic control equipment market and further innovations in the domain are expected to buoy market growth over the forecast period.
Owing to continuous need for monitoring air traffic, interruption in the activity is not feasible which makes replacement of obsolete ATC equipment a cumbersome task. In order to maintain the flow of traffic monitoring, new equipment is operated in parallel with the existing one before the latter is phased out completely, which poses a challenge to air traffic control equipment market growth.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/air-traffic-control-equipment-market

Global Air Traffic Control (ATC) equipment market by product, (USD Million), 2012 - 2020

 

Further key findings from the study suggest:

• The communications air traffic control equipment market accounted for a high revenue share in 2013 and the trend is expected to continue throughout the forecast period owing to increased need for replacement of obsolete equipment with new ones equipped with enhanced digital data communication.
• The military aircraft segment is expected to witness high demand throughout the forecast period owing to the mission-critical nature of the domain. In October 2014, Aquila, a joint venture between Thales and NATS was awarded a USD 2.36 billion contract by the UK Ministry of Defense (MOD) for transforming terminal air traffic management at military airfields.
• Europe and North America were the major air traffic control equipment regional markets in 2013, which can be attributed to increased government efforts pertaining to securing air traffic and aircraft. Asia Pacific is expected to witness high growth due to increased initiatives for efficient infrastructure.
• Leading players in the air traffic control equipment market have emphasized heavily on the enhancing equipment reliability to address minimum tolerance levels. Incorporation of effective collision avoidance system in ATC equipment is expected to be a key focus area for countering increased air traffic. Manufacturers and developers upgrade landing and navigation aids periodically to maintain safety and improve efficiency.

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For the purpose of this study, Grand View Research has segmented the global air traffic control equipment market on the basis of product, application and region:
Air Traffic Control Equipment Product Outlook (USD Million, 2012 – 2020)
    • Communications Equipment
    • Navigation Equipment
    • Surveillance Equipment
Air Traffic Control Equipment Application Outlook (USD Million, 2012 – 2020)
    • Commercial Aircraft
    • Private Aircraft
    • Military Aircraft
Air Traffic Control Equipment Regional Outlook (USD Million, 2012 – 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

Software Defined Networking (SDN) Market To 2020- Industry Trends, Forecast: Grand View Research, Inc.

The global market for Software Defined Networking (SDN) is expected to reach USD 4,909.8 million by 2020, according to a new study by Grand View Research, Inc. Increasing demand for mobility and proliferation of mobile devices is expected to fuel the market over the next six years. Grand View Research also observes that the need to implement cloud computing services in an effective manner is expected to positively impact the industry on a global level.
By providing a software interface and easier management of network services, software defined network aids in establishment of efficient network infrastructure. Lack of standardization in implementation of SDN and difficulty in migration from legacy systems are expected to restrain market growth to a certain extent over the forecast period. The growing trend of BYOD (Bring Your Own Device) in organizations is expected to serve as an opportunity for market participants.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/software-defined-networking-sdn-market-analysis

Global Software Defined Networking (SDN) market by end user, 2012 – 2020, (USD Million)

 

Further key findings from the study suggest:

• Enterprises were the largest end user segment in 2013, and accounted for over 40% of the overall market share. Telecommunications service providers are expected to be the fastest growing end user segment, with an estimated CAGR of 45.6% from 2014 to 2020. In terms of SDN solutions, cloud virtualization applications are expected to be the largest and fastest growing segment; they accounted for over 30% of the overall market share in 2013.

• North America is expected to remain the largest market over the forecast period as a result of high penetration of mobile devices and need for enhanced network infrastructure in the region. Asia Pacific is expected to be the fastest growing market, at an estimated CAGR of 47.7% from 2014 to 2020.

• The global SDN market consists of a large number of players vying to provide end-to-end solutions. Mergers and acquisitions to consolidate market share and offer hardware, software as well as services are frequent in the industry as key strategic initiatives. Major industry participants in the market include Cisco, IBM, VMware, HP, Alcatel-Lucent, NEC, and Juniper Networks among others.

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For the purpose of this study, Grand View Research has segmented the SDN market on the basis of end users, solutions, and region:
SDN End Users Outlook (Revenue, USD Million, 2012 – 2020)
            • Enterprises
            • Cloud service providers
            • Telecommunications service providers
SDN Solutions Outlook (Revenue, USD Million, 2012 – 2020)
            • Switching
            • Controllers
            • Cloud virtualization applications
            • Others
SDN Regional Outlook (Revenue, USD Million, 2012 – 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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