Set Top Box (STB) Market Analysis, Size, Segment To 2022 by Grand View Research, Inc.

The global Set Top Box (STB) market size is expected to reach USD 25.45 billion by 2022 according to a new report by Grand View Research, Inc. Technology proliferation and increasing demand for high-quality picture and sound is anticipated to boost global set top box market growth. Increasing demand for IPTV models in developed regions from North America and Europe has further bolstered industry growth. Additionally, abridged prices of smart TVs and growing availability of HD channels across all platforms are expected to push demand for advanced STB devices.
STBs can be categorized into cable, satellite, Internet Protocol TV (IPTV), Digital Terrestrial Television (DTT) and Over The Top (OTT) devices. Digital format transmissions provide better sound and picture quality, as well as an enhanced viewing experience in HD. Additionally, they provide interactive services such as Video On Demand (VoD), and the freedom to pay only for selected channels.
Recent administrative regulations pertaining to digitization in countries such as India are further expected to impel industry growth as these protocols can provide monetary relief to viewers, and in some cases, funding for broadcasters to enable a digital switch over to take place by a given deadline.
However, procurement costs and associated costs of pay channels are expected to pose as challenges for the industry. The inequality in demand and supply of devices across the world is expected to negatively affect the global market.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/the-global-set-top-box-market

 North America STB market revenue by product, 2012-2022, (Revenue, USD Billion)

Further key findings from the report suggest:

• DTT STB segment dominated the global set top box industry contributing to over 25% of the market revenue in 2014. DTT broadcasts uses terrestrial (land-based) signals and enable efficient use of spectrum providing increased capacity over analog transmission, better quality images, and lower operating costs for broadcast and transmission after an initial upgrade investment.
• Vendors are offering various types of STBs, ranging from basic cable to satellite to the ones that record content via IP transmission such as in IPTV. Key operators are deploying new services in response to the threat against OTT service providers. The conventional digital model is emerging into a hybrid version supporting alternative sources of premium content such as OTT video services.
• Asia Pacific dominated the global set top box industry contributing to over 35% of the global revenue in 2014. IP transmission recording features and higher storage specifications are expected to ensure a steady growth in North American region. Initiatives by the government and authorities have led to an overall increase in the installation of devices in the select geographies.
• Asia Pacific regional STB industry is expected to grow at a CAGR of nearly 2.5% from 2015 to 2022. Major manufacturers in the industry are established in countries from the Asia Pacific region, such China and Taiwan, owing to higher production capacities and cheap labor. This has led to an increased awareness and adoption of STBs in the region.
• Key industry participants include Samsung, Skyworth, Cisco, Echostar, Amazon, Huawei, ADB, HUMAX, Coship, and Technicolor. Vendors are progressively adopting innovative distribution strategies such as authorized e-commerce retailers apart from traditional retail stores.

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Grand View Research has segmented the global set top box market on the basis of product, content quality, and region:

Set Top Box (STB) Product Outlook (Volume, Million Units; Revenue, USD Billion, 2012 – 2022)

• Internet Protocol Television (IPTV)
• Satellite
• Cable
• DTT (Digital Terrestrial)
• OTT

Set Top Box (STB) Content Quality Outlook (Volume, Million Units; Revenue, USD Billion, 2012 – 2022)

• SD (Standard Definition) STB
• HD (High Definition) STB
• Others

Set Top Box (STB) Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2012 – 2022)

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

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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Smart Homes Market To 2020- Industry Trends, Forecast: Grand View Research, Inc.

The global smart homes market is expected to reach USD 47.61 billion by 2020, according to a new study by Grand View Research, Inc. Emphasis on reduced carbon emission and energy conservation are expected to be the key driving forces for the market over the forecast period. Favorable regulatory initiatives for implementing smart homes owing to their energy efficiency characteristics are further expected to positively impact the global market over the next six years.
Increased aging population, which comprises a majority of end-users of this technology, is also expected to boost market growth. Introduction of smart grids, increased personal income in developing economies, assistance of power line communication, and growth of consumer electronics industry are factors expected to favorably impact market growth. Need for standardization, skilled labor and high initial cost due to the incorporation of advanced technologies such as IP and Bluetooth may pose a challenge to industry growth.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/Smart-Homes-Industry

North America smart home market by application (USD Million), 2012 – 2020

 

Further key findings from the study suggest:

• Security applications dominated the global market and accounted for over 20% of the overall market share in 2013. This is primarily owing to techniques such as security cameras, window sensor alarms and burglar alarms which notify users of a possible security breach. Energy management segment is expected to witness the fastest growth on account of growing awareness regarding energy efficiency coupled with the support of regulatory bodies for development of a smart grid and installation of smart electricity, water, and gas meters.

• North America is expected to remain the market leader over the forecast period, and accounted for 41.3% of the global market revenue in 2013. The market in Europe is expected to grow at a CAGR of 21.3% from 2014 to 2020, owing to growing adoption of smart home systems.

• Key industry participants include ABB Ltd., Siemens AG, Crestron Electronics, Inc., Honeywell, Emerson Electric Co., Schneider Electric S.A., Legrand S.A., Lutron Electronics, Inc., Ingersoll-Rand PLC, Tyco International Ltd., AMX and Control4 Corporation.

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For the purpose of this study, Grand View Research has segmented the global smart homes market on the basis of application and region:
Smart Homes Application Outlook (Revenue, 2012 – 2020)
            • Security
            • Lighting
            • Entertainment
            • Energy Management
            • HVAC
            • Others
Smart Homes Regional Outlook (Revenue, 2012 – 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

ERP Software Market Forecast, Industry Outlook, Market Demand, Share 2015 To 2022

Global ERP Software market is expected to reach USD 48.22 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand from aerospace & defense, government utilities, and retail is expected to augment growth over the next seven years. In addition, extensive R&D and technological advancements in deployment methods to reduce cost is expected to fuel growth over the forecast period.
Technology advancement has been a major factor challenging industry growth. Cloud-based applications have been highly adopted to reduce deployment costs. Furthermore, facilities including easy access to ERP software via mobile phones helps stay in contact to business related information, thus facilitating real-time decision making which is expected to increase market demand over the next seven years.

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

 North America ERP software demand, by function, 2012-2022(USD Million)

Further key findings from the report suggest:

• On-premise deployment model was valued at over USD 17,010.0 million in 2014. Organizations use and store ERP software on their own hardware at their premises, reducing dependency on third party vendor. These factors have led to increased demand for on-premise deployment software in the market, thus, is expected to drive product need over the forecast period.
• Finance function segment is expected to grow at a CAGR over 7.0% from 2015 to 2022. Growing emergence of financial businesses and service sector would provide lucrative growth opportunities for the ERP software market. Most of the businesses are expected to implement financial ERP module over the next few years to improve their business efficiency and productivity which is expected to be key driver for growth.
• Manufacturing & services was valued at over USD 5,110.0 million in 2014. This sector uses ERP for a wide range of business functions such as monitoring of daily operations, tracking day-to-day performances, collaborating with multiple departments to improve internal efficiencies and customer services.
• Medium enterprises have been trying to find a suitable software solutions that would help them increase their operational efficiency, reduce cost of production and ensure on-time product delivery. Development of cloud based ERP software coupled with increased demand for industry specific ERP software is expected to augment growth over the forecast period.
• North America ERP software market demand was valued at over USD 11,330.0 million in 2014. Enterprises in the region have adopted ERP software in an effort to make financial transactions more transparent. The demand for ERP software for this function is expected to grow at above average rate over the forecast period.
• Key market participants include Oracle Corporation, International Business Machines (IBM) Corporation, Microsoft Corporation, SAP SE, Infor, Sage Group Plc, NetSuite Inc., Totvs S.A., Unit4 and Syspro. The companies have been developing new products in order to cater to increasing demand for industry dedicated ERP software. In addition, changing technology has led to increased focus towards cloud technology.

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Grand View Research has segmented the global ERP software market on the basis of deployment, functions, verticals, end-user and region:

Global ERP Software Deployment Outlook (Revenue, USD Million, 2012 - 2022)

• On-premise
• Cloud

Global ERP Software Functions Outlook (Revenue, USD Million, 2012 - 2022)

• Finance
• Human resource (HR)
• Supply chain
• Others

Global ERP Software Verticals Outlook (Revenue, USD Million, 2012 - 2022)

• Manufacturing & services
• BFSI
• Healthcare
• Retail
• Government utilities
• Aerospace & defense
• Telecom
• Others

Global ERP Software End-User Outlook (Revenue, USD Million, 2012 - 2022)

• Large enterprises
• Medium enterprises
• Small enterprises

Global ERP Software regions Outlook (Revenue, USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• Rest of World

Dehumidifier Market To 2022- Industry Trends, Forecast: Grand View Research, Inc.

The global dehumidifier market is anticipated to reach USD 3.54 billion by 2022, according to a new report by Grand View Research, Inc. Increasing construction activities worldwide is expected to primarily contribute to industry growth. Technological advancements such as integration into existing HVAC equipment is expected to boost industry growth over the forecast period.
Price, energy efficiency, and size are anticipated to be critical parameters affecting consumer buying behavior. Product recall owing to technical issues is expected to hinder industry growth over the forecast period. Increasing competition due to the presence of a large number of players has lead to price reductions, which may affect profitability. Growth of the organized retail industry in Asia Pacific, Latin America and Africa has further intensified competition.

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

North America dehumidifier market share by application, 2012 – 2022 (USD Million)

 

Further key findings from the report suggest:

• Increasing demand for energy efficient dehumidification is anticipated to drive heat pumps demand over the next seven years. These products are expected to continue accounting for over 10% of the overall revenue during the forecast period. Chemical absorbent or desiccant products are expected to witness growth on account of growing demand in office buildings, restaurants, food and beverage industry, hotels, and medical centers.
• The industry can also be classified based on application into residential, industrial, and commercial segments. Industrial is anticipated to be key application over the forecast period owing to increase usage of dehumidifiers in maritime, cold storage, food and beverage, and construction sector. The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) formulated the Improved Indoor Air Quality (IAQ) and ventilation guideline which is expected to drive demand in residential applications.
• Increasing adoption in hotels, supermarkets, offices, restaurants, swimming pools, schools, and multiplexes is expected to drive the commercial segment. Residential dehumidifiers market is expected to be driven by rising health awareness and increasing disposable income.
• Rising number of restaurants and hotels coupled with the growing construction industry is expected to propel North America dehumidifier market growth. Dehumidifiers are used for maintaining moisture-free food quality to enhance customer satisfaction. Competition in North America and Europe has intensified owing to regional companies offering products at low price.
• Notable companies operating in the global dehumidifier industry include Electrolux (Frigidaire), De’Longhi Appliances S.r.I, Haier Group, Heat Controller, Inc. (Comfort Aire), General Filters, Inc., and Honeywell International Inc. Other prominent vendors include Therma-Stor LLC, Sunpentown International Inc., LG Electronics, Inc., and Whirlpool Corporation.

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Grand View Research has segmented the dehumidifier market on the basis of product, application, and region:

Dehumidifier Product Outlook (Revenue, USD Million, 2012 – 2022)

• Heat Pumps
• Ventilating
• Chemical Absorbent

Dehumidifier Application Outlook (Revenue, USD Million, 2012 – 2022)

• Residential
• Commercial
• Industrial

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

• North America
• Europe
• Asia Pacific
• RoW