The global smart virtual personal assistants market is expected to display higher growth rate over the next seven years. Rapid surge in smart virtual personal assistants (VPA) industry is credited to the rising sales of smart phones across the globe, and growing focus towards M2M (machine to machine) and M2H (machine to human) interaction services. Increasing popularity of strong analytic solutions to assist humans in various day to day activities and launch of virtual personal assistant-enabled smart devices are expected to drive the market growth of smart virtual personal assistants over the forecast period.
Rising demand for smart virtual personal assistants to carry out e-mail management process, generating reminders alarms, priorities & scheduling work, etc. is further propelling the growth of smart virtual personal assistants market over the past few years. Furthermore, growing popularity of virtual personal assistants in emerging economies is key factor fostering market growth over the forecast period. Globally, smart virtual personal assistants industry is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and development of smart virtual personal assistants.
Smart virtual personal assistants also referred as a dialog system or chat bot, is a type of system that is meant to interact with humans along with a comprehensible structure or framework. These systems are equipped with transcript, vice-enabled, visuals, haptics, gesticulates and other type of interaction between input and output channels. The commonly utilized graphical user interfaces (GUIs) provide dialog in trivial state in comparison with the fully fledged conversational providing numerous advantages over typical GUI wizard systems.
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The smart virtual personal assistants (VPA) market is broadly categorized into major segments based on the application type such as e-commerce website, mobile apps, online portals, mobile phones, translation devices, gaming application and navigation tools. E-commerce website segment is growing rapidly in the smart virtual personal assistants industry with substantial revenue generation in the last few years.
The smart virtual personal assistants market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies, surge in number of research & development activities and existence of well-established IT infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major market share in the smart virtual personal assistants with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising smart phone penetration, development of several smart phone devices such as tablets, laptops, wearable electronic devices and smart home devices, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the smart virtual personal assistants industry are Amazon.com, Inc., Apple Inc., Oracle Corp., Artificial Solutions, Inc., Creative Virtual Ltd., SK Telecom Co., Ltd., Facebook, Inc., Intel Corp., Microsoft Corp., IBM Corp., Nuance Communications, Inc., 24me Ltd., and InteliWISE S.A.
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The global smart ticketing market is expected to display higher growth rate over the next seven years. Rapid surge in smart ticketing industry is credited to the booming travel & tourism sector, and increasing adoption in public transportation sector. Recent technological advancements in public transportation sector, and deployment of smart ticketing schemes by local governments to improve existing ticketing systems in roadways, railways, and airways are further propelling the market growth of smart ticketing over the past few years. Globally, smart ticketing market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for industry participants to invest in research and development of smart ticketing solutions.
Several advantages of implementing smart ticketing solutions include safety from fraud, offering users with credit or pre-loaded ride travels, availability of booking an advance travel, and elimination of long queue. These factors are fostering the market demand for smart ticketing solutions over the past few years. Furthermore, smart ticketing system allows the operators to deploy personalized or customized tickets that suits the requirement of the company. Smart ticketing system caters to a wide range of individuals and deliver tailor-made ticketing solutions. Smart ticketing system consists of the microchip on which a ticket is stored. These microchips are embedded in a smartcard.
However, higher initial cost to set up smart ticketing system with a centralized operating unit is the key challenge for sustained market growth to a certain extent. Yet, incorporation of demonetization policies and encouraging cashless transactions by regional governments is projected to favor market growth. Smart ticketing systems are also referred as smartcard schemes, consist of multiple software as well as hardware components.
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The smart ticketing industry is broadly categorized into three major segments based on the application type such as transportation industry, sports sector and entertainment industry. Transportation industry segment is growing rapidly in the smart ticketing market with substantial revenue generation in the last few years. Growing popularity of smart ticketing systems in transportation industry segment is attributed to the rising demand from public transportation services including roadways, railways, and airways.
The smart ticketing industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in transportation sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, Spain, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the smart ticketing market with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, rapid advancement in transportation sector, increasing infrastructural spending by local governments, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the smart ticketing industry are Cubic Corp., Infineon Technologies AG, Conduent, Inc., Vix Technology Co., Rambus, Inc., HID Global LLC, Gemalto Co., Giesecke+Devrient GmbH, Confidex Ltd., Inside Secure S.A., Indra Sistemas S.A., Paragon ID Co., Scheidt & Bachmann Co., CGI Group, Inc., Masabi Ltd., Cityway Group, Smart Card IT Solutions, Xiamen Innov Information Technology Co., Ltd., and Softjourn, Inc.
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The global air quality monitoring system market evaluates growth trends in the industry and is anticipated to display a significant rise in the CAGR by 2028. “The market players have introduced Wireless Sensor Network (WSN)-based air quality monitoring system using IOT central server and gases sensors such as CO2, NO2, and CO sensors.”
The market is driven by the rising awareness related to health and environmental implications of air pollution. Besides the detrimental effects of toxic industrial emissions on health and the environment, energy efficiency and work productivity are potentially hampered by poor air quality.
An increase in fatal accidents across the mining, manufacturing, and agricultural sectors due to air toxification, is set to drive the air quality monitoring systems market in the upcoming years. Based on the product, the air quality monitoring system market has been segmented into outdoor monitors, indoor monitors, and wearable monitors.
In order to study the span of the industry, the global market has been geographically segmented into the five key regions of North America, Europe, the Asia Pacific, the Middle East, and Africa, and Latin America. Fast adoption of advanced technologies among the top manufacturers in North America has instituted this region to hold the highest market share. The huge untapped potential in emerging economies such as India and China, along with government initiatives for framing stringent legislative regulations to curb air toxification, is creating lucrative growth opportunities in these countries.
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The market offers a multitude of challenges for the industry participants and the gaining decisive understanding of these challenges have impelled the players to pander strategic merger & acquisition activities with their fellow contenders. They have identified the sales volume, former growth statistics, cost of resources, and future prospects.
The competitive landscape showcases the profiles and business strategies of the major players, along with their recent developments. Some of the dominant players operating in this market include Thermo Fisher Scientific Inc., HORIBA Ltd., Merck KGaA, Teledyne Technologies Incorporated, TSI Incorporated, Siemens AG, 3M Company, Aeroqual Limited, Autotronic Enterprise Co. Ltd., and ECOTECH GROUP among others.
The emerging companies have registered the key raw material suppliers, buyers, research investors and distributors of the air quality monitoring systems market. Stakeholders and investors are increasing their spending on research and development activities to scale the latest technologies in their system engineering process. The competitors are profiling their business expansion strategies by incorporating collaborations, and joint ventures with the fellow contenders. They have inspected the assorted threats and evolving disruptive technologies to shape the supply and demand of the air quality monitoring systems market in the forthcoming years.
Intergovernmental Panel on Climate Change (IPCC), has launched the Fifth Assessment Report, which directly identified that an average individual spends 90 percent of his time indoors and is considered fatal as compared to outdoor pollution levels. Reduced ventilation, excessive use of electronic devices, and unacceptable levels of dust accumulation have introduced new sources and materials that cause indoor pollution.
The industry vendors have been impelled the redesign of buildings to enhance the indoor air quality (IAQ) monitoring system. MQ2 Gas Sensor is a low-cost CO sensitive device that is characterized by its feature for detecting i-butane, propane, and methane to monitor indoor LPG pollutants and industrial smoke.
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The global automated fingerprint identification system (AFIS) market is set to witness a higher CAGR during the forecast period. Automated fingerprint identification systems (AFIS) is a type of biometric that encompasses digital imaging to register a fingerprint for records to match with central database in order to conclude upon the identity of an individual. It is highly known to reduce labour intensive process of searching, identifying, and matching the fingerprint for identification. Mainly used by law enforcement agencies to detect criminal identification plus it also helps to determine the identity of victims of natural and man-made disasters.
Automated fingerprint identification systems market is driven by rise in technological transformation in the digital process coupled with growing investments in the government and enterprise sectors to assist e-governance applications that would drive AFIS market during the forecast period.
By component, automated fingerprint identification systems (AFIS) market comprises fingerprint input modules, displays, matchers, microprocessors/microcontrollers. By search type, automated fingerprint identification systems market is segmented as latent search and tenprint search. Application category is categorized into governments, financials, institutions, system integrators, semiconductors, foundries, analysts, biometric and software vendors.
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Geographical segmentation for the market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America market is more likely to witness a higher CAGR during the forecast period owing to presence of several players in the region. Technological advances in the region have helped the market grow by leap and bounds. Asia-Pacific regions are likely to grow at a higher CAGR during the forecast period.
Asia-Pacific regions are more likely to grow at a significant pace in automated fingerprint identification systems (AFIS) market due to increase in use of digital devices in workplaces and companies. Rise in awareness for asset security against potential threats is more likely to supplement the market demand. In addition, the market is loaded with the presence of software vendors and OEMs that are highly responsible for market growth during the forecast period. The key players profiled in the automated fingerprint identification systems (AFIS) market report are 3M Cogent Inc, Morpho SA and NEC Corporation.
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