Wireless Audio Devices | Significant Growth in the Market for Sound bars

Summary: A recent report titled “Wireless Audio Devices Market to Reach $38,807.5 Million, Globally, by 2022” offers valuable insights related to the market such as the market share, size and growth.

Wireless speaker systems segment is expected to dominate the market throughout 2014 – 2022. North America is expected to be the leading region in the market during the forecast period.

Wireless audio devices have emerged as an ideal alternative to traditional wired audio devices, owing to their portability, convenience, cost-effectiveness, efficiency, and flexibility. Increasing penetration of infotainment devices, such as mobile phones, laptops, tablets, automobile infotainment devices, coupled with increasing demand for mobility services drive the market growth. In addition, the adoption of wireless audio devices has increased in the commercial sectors including, tourism, education, and media & entertainment among others.

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In 2015, wireless speaker systems segment accounted for the maximum revenue share in the overall wireless audio devices market due to compatibility of wireless speakers with computer and infotainment devices such as mobile phones, tablets, and laptops. The latest features integrated in wireless speakers including high definition sound, Dolby Digital sound, 3D surround sound, and others boost the market growth for wireless speakers. In addition, the sound bar segment is presently the fastest growing segment, and is projected to grow at a CAGR 28.2% during the forecast period due to its compatibility with LED TVs, mobile devices, and emerging growth of consumer electronics market.

The Bluetooth technology segment is projected to maintain its dominance in the overall wireless audio devices market during the forecast period due to features such as low energy consumption, easy connectivity and cost efficiency. In addition, Bluetooth can seamlessly stream high quality music through a temporary personal area network. Furthermore, Airplay technology segment is anticipated to grow at a CAGR of 26.6% during the forecast period due to increasing penetration of Apples devices such as iPhone, iPad, iPod Touch, and others.

In 2015, consumer segment generated the highest revenue in the market, followed by commercial and automotive sectors. This is attributed to the growth in smartphones and consumer electronic market. Automotive sector is projected to grow at the fastest CAGR of 26.5% during the forecast period.

North America accounted for majority of the global market share in 2015, and is expected to maintain its dominance during the forecast period. Advanced wireless technologies, such as Bluetooth, AirPlay, and Wi-Fi coupled with high disposable income of consumers is expected to boost sales in this region. Asia-Pacific is projected to grow at the highest CAGR during the forecast period due to increasing economic growth and rapid industrialization in countries such as India, China, Japan, Singapore, and others.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Biometric Technology Market | Demand Side – Growth of Internet and Multiple Password Requirements

Summary: A recent report titled “Biometric Technology Market is Estimated to Generate $10.72 Billion, Globally by 2022” offers valuable insights related to the market such as the market share, size and growth.

In the year 2015, North America was the highest revenue-generating region, owing to increasing adoption of advanced security and authentic solutions and service in the government and commercial sector. Furthermore, the region is projected to continue its dominance throughout the forecast period due to increasing need for multilevel biometric solutions and services in various end-user verticals.

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Europe was the second largest market, in terms of revenue generation, followed by Asia-Pacific. Major factors that boost the biometric technology market worldwide include increasing security & privacy concerns and rising standard of living.

The physical biometric segment dominated the market with around 81% share, owing to increasing adoption of fingerprint recognition and face recognition biometric solutions across various end-user verticals, in 2015. The iris recognition segment is projected to expand at the highest CAGR of around 22%, owing to widening applications of iris recognition biometric solutions at vehicle checkpoints, airport security, and for employee identification.

The banking & financial sector led the market, followed by the public sector, both collectively accounting for around 60% of the market revenue in 2015.

The global biometric technology market is classified based on geography into North America, Europe, Asia-Pacific, and LAMEA. North America generated the largest revenue in 2015, followed by Europe. Asia-Pacific is projected to expand at the highest CAGR of around 22% during the forecast period.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Us:

5933 NE Win Sivers Drive,
#205, Portland, OR 97220,
United States.
Int’l:       +1-503-894-6022
Toll Free:   +1-800-792-5285
Fax:   +1-800-792-5285
help@alliedmarketresearch.com

Smart Cooling Systems Market Demand to Reduce Energy Consumption

Summary: Smart Cooling Systems Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $137,548 million by 2022, registering a CAGR of 52.4% during the period 2014 – 2022.

Smart cooling system comprises smart air-conditioners and smart refrigerators. These cooling systems are autonomous and can be easily monitored, controlled, and optimized from remote location via any connected devices such as tablets and smartphones. These systems find applications in residential, commercial, and industrial sector.

Changing lifestyle and consumer shift towards smart or connected products have encouraged prominent players to bring innovation in the wireless communication and connectivity technology. In addition, the demand for smart cooling systems is gaining traction especially from residential and commercial sectors owing to increase in need for effective and efficient cooling systems in smart cities and data centers, respectively. This trend is projected to continue in the future and drive the market growth.

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By type, the smart split AC segment dominated the market in 2014 with around 74% market revenue share. Furthermore, the segment is projected to continue its dominance throughout the forecast period, owing to the increase in application of smart split ACs in data centers and smart buildings.

Based on the geography, the smart cooling systems market is segmented into four major regions, namely North America, Europe, Asia-Pacific, and LAMEA. Europe was the highest revenue contributor in 2014, accounting for around 35% share of the overall smart cooling systems market size. The Asia-Pacific market is projected to grow at the highest CAGR of 59.1% during the forecast period owing to increased penetration of smart air-conditioners and smart refrigerators in residential as well as commercial sectors.

The report features a competitive scenario of the smart cooling systems industry and provides comprehensive analysis of key growth strategies adopted by major players. Some of the key players operating in the smart cooling systems market include Mitsubishi Electric Corporation, LG Electronics Ltd., Samsung Electronics Co. Ltd., Videocon Industries Ltd., Daikin Industries Ltd., Voltas Ltd., Fujitsu General Ltd., Blue Star Ltd., Friedrich Air Conditioning Co., Ltd., and Electrolux AB.

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Encryption Software Market – Regulations to Increase Adoption of Encryption Solutions

Summary: The World Encryption Software Market is expected to reach $2,894 million by 2022, growing at a CAGR of 15.2% from 2017 to 2022.

North America is expected to be the leading contributor during the forecast period, owing to higher adoption of end-point security solutions among organizations and prevalence of higher data protection & compliance regulations. However, Asia-Pacific region is anticipated to grow at the fastest rate, due to the growing penetration of cloud computing and increasing workforce mobility.

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The encryption software market by usage comprises encryption for data-at-rest and encryption for data-in-transit. In 2014, data-at-rest encryption software segment accounted for approximately 93.4% of the total encryption software market by value. For data-at-rest, the two most commonly used encryption software methods include full disk encryption (FDE) and file level encryption (FLE), with full disk encryption being the most widely deployed method for protecting data against theft and ensuring compliance with data privacy and data breach notification laws. FDE is preferred over the FLE primarily due to the two major advantages, viz. ease of deployment and management, and complete security.

Key findings of Encryption Software Market:

Presently, encryption software for data-at-rest accounts for the major share of the encryption software market as compared to the encryption software for data-in-transit (email)

Within the data-at-rest encryption software market, software-based full disk encryption (FDE) would continue to hold the majority of share vis–vis file level encryption (FLE), throughout the forecast period

Based on the geographic analysis, North America presently is the highest revenue-generating region and would continue to maintain this trend during 2015-2021

The use of encryption software is most widespread in the financial sector, which contributed approximately 44.2% share of total encryption software market revenue in 2014

The adoption of encryption software is higher among large enterprises as compared to the small- and medium-sized businesses

Owing to the rapidly increasing adoption of cloud services across various sectors, organizations are inclined towards adopting encryption solutions to ensure data security and compliance with the data privacy regulations. The key players profiled in this report are Symantec Corporation, Sophos Holdings Ltd., McAfee, Inc., Check Point Software Technologies, Proofpoint, and Trend Micro.

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