Connected Car Market Size Is Expected To Reach USD 180.30 Billion By 2022: Grand View Research, Inc.

The global connected car market size is expected to reach USD 180.30 billion by 2022, according to a new study by Grand View Research, Inc. Surging consumer demand, constant need for connectivity, increased dependency on technology and the growing number of tech-savvy people are some of the factors expected to boost global connected car market growth.
Connected cars offer connectivity on wheels providing comfort, performance along with safety and security. Such an advanced technology enables the driver and passengers to connect with various online platforms that facilitate real-time communication on the go.
The connected car market has the potential to significantly boost revenues of automobile manufacturers over the next five to seven years. Car manufacturers are expected to deliver the right mix of application and product packages for the right customers, and must systematically invest in R&D if they are willing to maintain their technological leadership.
Increasing regulations by governments and transportation authorities for the installation of advanced safety and vehicle to vehicle communications systems are expected to positively impact industry growth.

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

Further key findings from the study suggest:

• Safety applications dominated the global connected car industry, accounting for over 34% of the share in 2014. The inclusion of safety technologies such as danger warning systems, automatic emergency calling, blind spot alerts, anti-collision systems that prevent accidents in automobiles has made modern cars safer and accident-proof. This is expected to result in an overall reduction in road mishaps and accidents thus reducing the overall on road fatalities.
• Growing at a CAGR of over 31% from 2015 to 2022, driver assistance systems are expected to gain prominence over the forecast period. Recent advancements in driver assistances systems such as Volkswagen’s Emergency Assist, that automatically applies the brakes and stops a car in case of an emergency and BMW’s autonomous parking valet, that automatically parks a car even after the passenger’s exit have set benchmarks for driver assistance systems in the connected vehicle industry.
• Asia Pacific is expected to grow at a CAGR of over 29% over the forecast period due to considerable automobile demand in the region coupled with a relatively untapped market for sophisticated automotive communications in the region. Countries such as China and India are expected to drive the industry growth during the next seven years. Automobile manufacturers and technology giants across the world are striving hard to provide advanced vehicle management and safety technologies in the budget car segment as well. Regulation by the European department of transportation in association with the governments have mandated the installation of eCall emergence calling systems and other advanced telematics systems for safety purposes in all new vehicles manufactured after the year 2014.
• Technological and product innovations have driven the highly dynamic market. Industry participants include major automobile manufacturers and telecommunication giants such as Audi AG, Alcatel Lucent, Apple Inc, BMW, Ford Motors, and Google Inc. Manufacturers resort to mergers, acquisitions and strategic alliances with technological and network service providers as their key growth strategy to make their presence felt in the industry.

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Grand View Research has segmented the global connected car market on the basis of application and region:

Connected Car Application Outlook (Revenue, USD Billion, 2012 – 2022)

• Vehicle Management
• Driver Assistance
• Mobility Management
• Safety
• Entertainment
• Others

Connected Car Regional Outlook (Revenue, USD Billion, 2012 – 2022)

• North America
• Europe
• Asia Pacific
• RoW

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ATM Market To Witness Growth Owing To Rising Demand For Automated Wireless Communication Devices Along With Growing Security Standards Till 2022

The global ATM market is expected to reach USD 24.92 billion by 2022, according to a new study by Grand View Research, Inc. Rising demand for automated wireless communication devices along with growing security standards are estimated to drive the industry.
Enhanced security standards for safer online, and physical financial transactions has led to a significant rise in use of these services. Further, continuation of strict security standards and safer modes of financial transactions are expected to have a substantial impact on the industry growth.
Automation of the basic financial transactions and technological advancements increasing at alarming rate would increase mobile transcations among the customers. Linkage of ATMs with wiireless devices would facilitate the customers to complete the transcations securely.
Rising competition amongst the banks to increase the penetration, would lead to its huge installation base, thus offering lucrative growth opportunities for the industry. In order to reduce the frauds, manufacturers and financial institutions are opting for anti-skimming, biometric devices, and voice recognition systems.

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

Further key findings from the study suggest:

• ATM deployment solutions industry accounted for over 70% of the overall revenue in 2014. They comprise installed machines at varied locations such as worksite, onsite, offsite and mobile segment. The deployment revenue comprises of installed machines and services as well as its maintenance. Rise in installation base and increasing maintenance activities are estimated to drive segment growth.
• ATM managed services market is estimated to exhibit considerable growth, growing at a CAGR of over 11.0% from 2015 to 2022. It contributes significantly towards strengthening the infrastructure for multichannel delivery for better customer retention, acquisition and cross selling opportunities.
• North America ATM market dominated in terms of revenue in 2014, and is expected to significantly lose share by 2022. Adoption of smart machines across countries such as U.S. is estimated to impel growth across this region. Increasing trend of trading in digital currency is driving demand for Bitcoin ATMs across the region.
• Asia Pacific ATM industry is expected to grow at a substantial growth rate of over 12% from 2015 to 2022. Rising demand for self-service machines and ever increasing customer base across regions such as China and India are estimated to drive the regional demand over the next seven years. Additionally, increasing trend of outsourcing its related activities by financial institutions is projected to positively impact growth across this region.
• ATM market share is occupied by companies such as NCR Corporation, Diebold Inc, Wincor Nixdorf, Euronet Worldwide and Nautilus Hyosung. Product innovations and strategic partnerships with the manufacturers are some of the notable strategies adopted by the vendors. For instance, In October 2014, Diebold launched a new 5500 series of with advanced security features such as biometric finger-vein readers and security camera provisioning.

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Grand View Research has segmented the ATM market on the basis of solution and region:
ATM Solution Outlook (Revenue, USD Million, 2012 – 2022)

• Managed Services
• Deployment
• Onsite
• Offsite
• Worksite
• Mobile

ATM Regional Outlook (Revenue, USD Million, 2012 – 2022)

• North America
• Europe
• Asia Pacific
• RoW

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Data Center Cooling Market To Witness Growth On Account Of Rising Demand In retail And BFSI Industry Till 2024: Grand View Research, Inc.

The global data center cooling market is expected to reach USD 17.78 billion by 2024, according to a new study by Grand View Research, Inc. The rise in the number of data centers on account of the surge in demand for cooling solutions across the IT & telecom, retail, BFSI, healthcare, and energy sectors is the key factor expected to catapult the data center cooling market. Big data and cloud computing proliferation are also projected to impact the industry demand positively over the forecast period.
The emergence of new data centers has played a pivotal role in driving the demand for cooling solutions. Further, the need for efficient solutions is of paramount importance to ensure proper server functioning and to eliminate system downtime. High data volume combined with the rise in the number of enterprises moving towards cloud computing is also expected to impel market growth over the forecast period. Technological advancements and the development of energy-efficient systems are rising as traditional cooling systems incur high operational costs owing to the increased power consumption.

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

Further key findings from the study suggest:

·         In 2015, precision air conditioners accounted for over 20% of the overall data center cooling market. These products offer benefits including continuous operation, precise humidity control and better air distribution while automatically controlling individual AC loads for efficient cooling.

·         The continuous operation of chillers is vital to the functioning of data centers due to the extensive heat produced by many servers functioning close to one another. The segment captured over 10% of the market in 2015; however, chillers consume more energy than other products and are expected to witness a moderate growth over the forecast period.

·         The telecom segment accounted for over 20% of the overall revenue share. The telecom providers are expected to invest heavily over the next eight years due to a rise in the number of Internet subscribers and the growing need for wireless communication. The telecom growth is primarily data-driven, which subsequently will instigate the demand for the data center infrastructure development.

·         The rise in the data center densities is a primary factor expected to drive the need for efficient cooling technologies. The North American market captured over 35% of the overall revenue in 2015; however, over the forecast period, the region is anticipated to witness a moderate growth in comparison to the other regions. Asia Pacific led by Southeast Asian countries is projected to witness a robust growth on account of the growing data center infrastructure.

·         The industry is consolidated in nature with the presence of few big players including Asetek, KyotoCooling, Climaveneta (Mitsubishi Electric), Air Enterprises, Rittal GmbH & Co. KG, and Schneider Electric. The cooling solution providers primarily focus on a strategic alliance with local cooling product providers as a part of their marketing strategy.

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Grand View Research has segmented the global data center cooling market on the basis of product, application, and region:
Data Center Cooling Product Outlook (Revenue, USD Million, 2013 - 2024)

·         Air conditioners

·         Precision air conditioners

·         Chillers

·         Air handling units

Data Center Cooling Application Outlook (Revenue, USD Million, 2013 - 2024)

·         Telecom & IT

·         Retail

·         Healthcare

·         BFSI

·         Energy

·         Others

Data Center Cooling Regional Outlook (Revenue, USD Million, 2012 - 2022)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    UK

o    Nordic Countries

·         Asia Pacific

o    China

o    India

o    Japan

o    Southeast Asia

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

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Homeland Security Market To Witness Growth Owing To Increasing Number Of Cyber Crimes And Rising Privacy Concerns Till 2024

The global homeland security market size is expected to reach USD 452.46 billion by 2024 according to a new report by Grand View Research, Inc. Technological advances in homeland security across the globe are expected to drive the market over the forecast period. Asia Pacific is anticipated to witness considerable growth owing to the advancements across emerging economies such as China and India. Currently, police modernization along with tackling terrorism is the largest growing segments in India with the increasing annual spending.
Manufacturers in the homeland security market are increasingly adopting mergers & acquisitions as a part of their growth strategy. For example, in 2015, Harris Corporation acquired Exelis Inc., which brings a strong portfolio of complementary technologies. The acquisition also significantly enhances the company’s position as one of the primary provider of mission-critical solutions while expanding channels and product offerings to the growing customer base.
The Homeland Security Advanced Research Projects Agency (HSARPA), established by the Homeland Security Act of 2002, supports fundamental research to create revolutionary changes in new capabilities, technologies and risk & threat assessments for the Homeland Security Enterprise (HSE). It uses modernization and innovation for scientific progress and produces front-line products. These products support DHS components such as the U.S. Secret Service, U.S. Customs and Borders Protection, the U. S. Coast Guard, and the Transportation Security Administration.

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

Further key findings from the report suggest:

  ·         Cyber security is anticipated to grow at a CAGR of over 5.5% from 2016 to 2024, owing to the increasing number of cyber crimes and rising privacy concerns. Cyberspace and its essential infrastructure are vulnerable to a wide range of risk increasing from both physical and cyber threats & hazards.

·         The maritime segment accounted for over 8% of overall revenue share in 2015, which is expected to grow over the forecast period. It has become critical due to the rising number of maritime threats, sabotage, piracy and unlawful acts. During recent years, maritime terrorism has drawn considerable attention in the marine sector. Incidents of maritime terrorism are very few as compared to piracy. However, it attracts more media attention due to the involvement of greater loss of life, property and consequential economic losses.

·         Aviation segment is expected to witness substantial growth at CAGR of nearly 5% over the period of 2015 to 2024. Airport safety has undergone enormous transformations after the terrorist activities across the globe. Also, it has endured significant improvements regarding protection. Several airports such as ODG (Paris), Munich, Chhatrapati Shivaji Airport (India) and Narita (Tokyo) are the examples of the change in airport protection technologies.

·         Stringent government guide lines worldwide are expected to regulate the global homeland security market over the future. North America dominated the industry contributing to over 25% of the global revenue in 2015. The presence of several prominent homeland safety solutions manufacturers in the region is expected to generate high demand over the forecast period.

·         Key industry participants include FLIR Systems Inc.,Elbit Systems Ltd., General Dynamics Corporation, L-3 Communications Holding Inc., Harris Corporation, Megal Security Systems Ltd., Safran SA, Raytheon Company, Thales SA and Unisys Corporation. Manufacturers are steadily adopting innovative production techniques to gain a competitive advantage over others.

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Grand View Research has segmented the global homeland security market on the basis of application, type and region:
Homeland Security Type Outlook (Revenue, USD Billion, 2015 - 2024)

·         Aviation security

·         Maritime security

·         Border security

·         Critical infrastructure security

·         Cyber security

·         CBRN security

·         Mass transit security

·         Others

Homeland Security Regional Outlook (USD Billion, 2015 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         RoW

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/network-security-software-and-services