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Tuesday, March 3, 2020
Global Mobile Virtual Network Operators Market to Expand Substantially as Number of Mobile Phone Users Increases: Fortune Business Insights
The global mobile virtual network operators market is anticipated to report a CAGR of 7.8% between 2018 and 2025 with the rapid increase in the number of mobile phone users. Key insights into this fast growing market have been shared by Fortune Business Insights in its report, titled “Mobile Virtual Network Operators (MVNO) Market Size, Share and Global Trend by Operational Model (Reseller MVNO, Service Provider MVNO, Full MVNO), Service Type (Postpaid, Prepaid), Subscriber (Business, Individual/Residential) and Geography Forecast till 2025”. The report points out the most influential factors that are expected to drive the market during the forecast period.
The market was valued at US$ 62.5 Bn in 2017 and is likely to reach US$ 113.9 by 2025. Mobile virtual network operators are small cell phone carriers (for example, Boost Mobile, Metro) that use the network of a larger carrier such as Verizon or AT & T. The difference between the two is that the small carriers use the cell towers built by the big carriers to provide service. The big carriers build, operate, and maintain their own cell towers; the small carriers use these towers and since they do not have to build or maintain any infrastructure, they can offer services at cheaper rates.
Expanding Customer Base and Increasing Digitization to Fuel the Market
With steadily advancing wireless network technology, mobile virtual network operators are able to provide services at even lower prices which has expanded their customer base significantly. Rising costs of network services of large companies like AT & T are pushing consumers to switch to mobile virtual network operators. For example, the Verge recently reported that AT & T more than doubled its fee mid-2018. This has increased the global mobile virtual network operators market size and it is expected to grow in the forecast period. Moreover, many mobile virtual network operators are designing plans and schemes for international students, tourists, and other diaspora. For example, the UK-based Lycamobile specifically offers low-cost international calling, messaging, and data plans across Europe and parts of Africa, USA, and Australia.
Increasing digitization of services such as banking and growing popularity of e-commerce is expected to further fuel the global mobile virtual network operators market till 2025. Rising adoption of technology in both developed and developing countries for efficient service delivery augurs well for the global mobile virtual network operators market. For example, e-banking and mobile banking are becoming popular as they allow consumers to operate their bank accounts from their home. These factors combined are expected to propel the market revenue to USD 113.9 billion by the end of 2025.
Slow Data Speed Makes Growth a Bumpy Ride for Overall Market
While mobile virtual network operators offer a lot of advantages to customers, there are certain cons that can impede the smooth growth of the market. These can include slow data speeds, bad coverage outside of core areas, fewer phone purchase options, among others. For example, Lycamobile is notorious for frequent call drops and loss of network in many areas in the UK and Ireland. These issues can make a potential customer to think twice before paying for the service. This is especially true in case of international students who need to make frequent calls to their home countries. Such factors can limit the growth of the global mobile virtual network operators market.
Key Players to Drive the Market
As the global mobile virtual network market grows, competition is expected to intensify. Fortune Business Insights identifies key players influencing the market. These include Virgin Mobile, Lycamobile, Verizon Wireless, Project FI by Google, Affinity Cellular, and a few others.
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Asia Pacific to Hold a Commanding Market Position
Regionally, Asia-Pacific is expected to exhibit the highest CAGR in the global mobile virtual network operators market during the forecast period. The region has already generated a market revenue of USD 18.2 billion in 2017 and will keep rising till 2025. The market is Asia-Pacific is to be led mainly by India and China where digitization of services is rapidly rising. Furthermore, government policies and programs are being formulated on the basis of technology. For example, promotion of cashless transactions in India has led to a surge in virtual payment systems such as Google Pay and Paytm. These developments bode well for the market as its size will increase with increasing mobile phone and internet penetration in the region.
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Global Video on Demand Market to Expand at 9% CAGR; Flipkart’s Upcoming VoD Service Will Boost the Market, says Fortune Business Insights
The global video on demand market is likely to expand in the coming years with impetus from advancements in mobile networks. According to a report by Fortune Business titled “Video On Demand Market Size, Share and Global Trend by Technology (SVOD, TVOD, AVOD), Content Type (Sports, Music, TV Entertainment, Kids, Movies), and Geography Forecast till 2025,” the market was valued at US$ 43.9 Bn in 2017. Fortune Business Insights has predicted that the market will reach US$ 87.1 Bn by 2025 and is likely to exhibit a CAGR of 9% during the forecast period.
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Growing Internet Penetration to Enable Growth
The growing use of internet in all parts of the world has contributed massively to the global video on demand (VoD) market. The demand for high quality internet services through mobile networks or wired lines has resulted due to various online facilities and availability of streaming. The availability of wide bandwidth and fast paced internet services has led to the rising uptake of video on demand services. The adoption of multiscreen services for content streaming and an increasing uptake of smartphones will aid the growth of the global video on demand market and will boost the market in the coming years.
Flipkart set to Launch VoD Service in India
Walmart’s latest acquisition of Flipkart will contribute to the business expansion of the company in the coming years. Influenced by Amazon’s success in video on demand services such as Amazon Prime, Flipkart plans to launch its on video on demand services in India. The global VoD market can benefit hugely from contribution through renowned companies such as Flipkart and Amazon. Additionally, worldwide streaming websites such as Netflix will add to the growth of the global video on demand services market in the coming years.
North America Holds Majority of the Market Share
As of 2018, North America held majority of the share of the global VoD market. Increasing number of VoD service providers resulting primarily from the huge demand for video on demand services. Furthermore, high quality video content including sports, entertainment, and commercial TV has added to the demand of video on demand services. Content creators are collaborating with video on demand service providers to promote their data. The aforementioned factors have led to the growth of the video on demand market in North America.
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Rising uptake of pay-per-view programs and movies has added to the growth of the video on demand services market in Asia Pacific. Furthermore, increasing number of smartphone users as well as smart devices such as tablets and other consoles have led to the growing adoption of video on demand services in Asia Pacific. Fortune Business Insights has predicted that the video on demand market in Asia Pacific will exhibit the highest CAGR during the forecast period.
In this report, Fortune Business Insights includes a brief analysis on the leading companies in the global VoD market. The report gauges the impact of the attractive business strategies that these companies have adopted, on the global market. Some of the leading companies that are operating in the global video on demand market are Youtube LLC, Netflix Inc., Hulu LLC, Amazon Prime Video, and Apple Inc.
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Monday, March 2, 2020
Blockchain Technology Market to Reach USD 27,070.2 Million by 2026; Increasing Investment in Product R&D to Aid Growth
Friday, February 21, 2020
Aerial Imaging Market to Rise at 14.2% CAGR as Companies Focus on Technological Developments and Product Innovation, says Fortune Business Insights
Recent technological advancements are enabling global aerial imaging market grow at a rapid pace. Fortune Business Insights has published the above information in a report, titled “Aerial Imaging Market Size, Share and Global Trend By Camera Orientation (Oblique, Vertical), Platform (Fixed-Wing Aircraft, Helicopter, UAV/Drones), End-Use Industry (Government, Energy Sector, Defense, Forestry and Agriculture, Real Estate, Civil Engineering, Insurance) And Geography Forecast till 2025.”
According to the report, the global aerial imaging market covered a value of US$ 1439.3 Mn in the year 2017 and is expected to reach US$ 4125.2 Mn by 2025. At this pace, the global aerial imaging market is projected to report a remarkable CAGR of 14.2% during the forecast period.
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Aerial photography offers cost-effective solutions and high precision features for updating the maps, route designing, and urban planning. Over the past few years, the aerial imaging market is witnessing persistently rising adoption of aerial imaging services across end-use applications.
"Demand from Government Sector Forecast to Skyrocket"
A lead analyst at Fortune Business Insights said, “Construction, government, and agriculture are segments which account for a major share in the global aerial imaging market. “The rising use of aerial imagery across these sectors is the chief factor driving the market,” he continued. Also, rising demand for resource management and energy especially in construction sector is likely to boost growth in the aerial imaging market. As per camera orientation, oblique aerial imaging is expected to gain more traction and cover a significant share. The oblique aerial photography helps in efficient cost reduction of planning, inventory management, and mapping. In the coming years, the demand from government is likely to skyrocket at the wake of rising security concerns. Besides this, aerial imaging serves diverse purposes within the sector, which is expected to enable growth in the overall market.
"Asia Pacific to Exhibit Attractive Growth Rate by 2026"
Among regions, North America is anticipated to lead as a global leader in the aerial imaging market. This is ascribable to the implementation of aerial imaging solutions by forestry and agriculture industry in North America. The rising implementation of such solutions is expected to help industries make better decisions in the coming years. Moreover, the region covered a value of US$ 683.7 Mn in the year 2017 and is likely to remain dominant throughout the forecast period. Following North America, the market in Asia pacific is projected to rise at a strong growth rate in the upcoming years. The rising adoption of aerial imaging systems by sectors such as agriculture, defence, and energy is likely to create attractive growth opportunities for the aerial imaging market in this region.
"Technological Advancements in Aerial Photography to Spur Growth"
The advent of advanced technology is expected to further increase the overall share of the global aerial imaging market. The rising adoption of smart phones, digital media developments, and improvements in wireless applications enable growth in the aerial imaging market. In addition to this, growing IoT applications may offer location-based services to companies. These services include social networking, online food restaurants, and e-commerce websites may contribute towards the growth of aerial imaging technology until 2026.
"Issues Associated with Privacy and Security May Hamper Growth"
Strict regulations on national security and privacy are likely to negatively impact the aerial imaging market. Specific regulation especially in the U.S. and U.K. with regards to security and privacy issues may restrict the market to some extent. Another factor impeding the growth of the aerial imaging market is bad weather conditions and other environmental factors. These factors may result in prevention of accurate data collection of aerial imaging.
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"Eagleview Technologies, Inc. Focusing to Expand its Global Reach by 2026"
Presently companies such as NRC Group ASA, Fugro N.V, EagleView Technologies, Inc., and Nearmap Ltd. cover one-third of the market in terms of revenue. The broad networking distribution of these companies in several regions is likely to maintain their global footprint in the global market for aerial imaging. Market leaders are adopting robust strategies to strengthen their foothold. For instance, Eagleview acquired an aerial imagery Australian company called Spookfish in December 2018. The main objective of Eagleview Technologies, Inc. was to enhance its aerial imaging equipment and systems. Rising R&D investments and technological innovations are some of the strategies adopted by leading companies to expand their global reach. Some of the leading players include Landiscor Real Estate Mapping, 3D Robotics, Kucera International Inc., Cooper Aerial Surveys Co., GeoVantage Inc., Airobotics, Digital Aerial Solutions LLC, and DroneDeploy.
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Global Advanced Wound Care Dressings Market to Reach US$ 8,460.8 Mn by 2025, Recent FDA Approvals to Enable Growth, says Fortune Business Insights
Monday, February 17, 2020
The global digital blood pressure monitors market is projected to achieve a market figure of USD 1440.3 million by 2025, growing at a CAGR of 10.1%. Rising prevalence of hypertension and associated disorders is cited be one of the main factors driving the global digital blood pressure monitors growth. Hypertension, also known as elevated blood pressure, is a severe physiological condition that can lead to serious disorders in the kidneys, heart, and brain such as stroke and blindness. For example, of the 17 million annual global deaths, 55% were caused by cardiovascular diseases, resulting from raised blood pressure, as stated by the World Heart Federation.
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According to the World Health Organization (WHO), around 40% of the world’s population is suffering from hypertension, impacting economies and public health negatively. This augurs well for the global digital blood pressure monitors market growth as elevated BP levels will raise the demand for digital BP monitoring devices.
Some of the key participants in the global digital blood pressure monitors market include:
- Masimo Corporation
- Welch Allyn
- Smiths Group
- GE Healthcare
- Omron Healthcare
- American Diagnostic Corporation
- Nihon Kohden Corporation
According to the Fortune Business Insights report, titled “Digital Blood Pressure Monitors Market Size, Share and Industry Analysis By Product Type (Arm Type & Wrist Type), End User (Hospitals, Ambulatory Surgical Centers & Clinics, Homecare Settings & Others) and Regional Forecast, 2018 – 2025”, the global digital blood pressure monitors market value in 2017 was USD 666.6 million. The report also contains a comprehensive analysis of all the possible factors and trends that will shape the market during the forecast period.
"Inherent Disadvantages of Mercury Sphygmomanometers to Boost Market Expansion"
Mercury sphygmomanometers are plagued by multiple disadvantages, forcing patients and doctors to shift towards digital blood pressure monitors. For example, since mercury is toxic for human and ecological health, any spills can be hazardous and the recovery costs. Furthermore, reading mercury sphygmomanometers requires great skill, which everyone may not possess. Additionally, these devices can experience a lag if they are not properly vented, leading to inaccurate readings.
Lastly, maintaining mercury sphygmomanometers is a tedious task and their accuracy is heavily dependent on how one is holding them. These limitations are expected to boost the adoption rate of digital BP monitors and expand the global digital blood pressure monitors market size.
"High-stress Levels in the US to Propel the Market in North America"
According to a survey conducted by Gallup, 55% of Americans suffer from persistent stress. More importantly, the most stressed is experienced by younger Americans aged between 15 and 49, that is, majority of their working population. As a result, North America is anticipated to hold the major portion of the global digital blood pressure monitors market during the forecast period.
Rising hypertension incidence rate and widespread prevalence of cardiovascular diseases are expected to drive the market for digital blood pressure monitors in Europe till 2025. In Asia-Pacific, expanding working population in India and China is the main factor that will significantly accelerate the global digital blood pressure monitors market revenue in the foreseeable future.
"Exciting Innovations to Intensify Market Competition"
Lack of physical activity, high cost of healthcare, and increasing levels of workplace-related stress has led to a speedy rise in the demand for digital blood pressure monitors. This has opened new vistas for players in the global digital blood pressure monitors market to explore and exploit.
One of the dominant strategies being adopted to gain an edge in the market is the creation of novel products. For example, Panasonic developed the EW3109W Upper Arm Blood Pressure Monitor that immediately alerts the user if she is experiencing hypertension. It also allows for storing of 90 readings and comes with an in-built LCD screen for ease of reading. Similarly, iHealth has come out with its iHealth Feel Wireless Blood Pressure Monitor that can take 80 readings in a single charge. It is connected to the user’s Android or iOS device.
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