Knowledge Sourcing Intelligence Blog

INTRODUCTION The global smart luggage market was valued at US$0.745 billion in the year 2017 and is expected to grow at a CAGR of 21.62% to reach a total market size of US$1.983 billion by 2022. There has not been much advancement in the suitcase-type of the commodity.  Continuous advancements in the Internet of Things (IoT) is expected to fuel the growth of this market, as more advanced and improved technologies are being embedded into the bags and suitcases which provide various benefits like easy tracking, remote control, and smart sensing, thereby making travel more convenient.  Lack of awareness among people regarding smart luggage solutions will restrain the growth of the global smart luggage market.  The producers just keep on modifying suitcases in terms of materials and designs. But in modern times where everything is becoming smart, the luggage has become smarter too.  Market Research  is done by the knowledge sourcing industry due to the huge scope with the respec

INTRODUCTION Smart Ticketing market is valued at US$5.311 billion in 2017 and is projected to expand at a CAGR of 11.05% over the forecast period to reach US$8.970 billion by 2022. This research study examines the Smart Ticketing market on the basis of various segments - by product, component, system, application, and geography. Furthermore, the increasing adoption of cashless modes of payment will also fuel the demand for these solutions in industries such as sports and entertainment.  Geographically, Europe is estimated to hold a significant share in the market owing to the early adoption of the technology, while the market in the Asia Pacific region is projected to witness many growth opportunities owing to the growing penetration of internet and online services in budding economies such as India and China.  Market Research  is done by the knowledge sourcing industry due to the huge scope with the respective industry. Sample view of global smart ticketing market share

INTRODUCTION  The Middle East and Africa Pharmacy Automation market is projected to grow at a CAGR of 7.20% during the forecast period to reach a total market size of US$0.165 billion in 2022 from US$0.109 billion in 2016. Increasing healthcare expenditure is driving the demand for pharmacy automation in the region in order to provide improved service to a large patient base. For instance, the UAE government invested in the private health sector and formed two semi-centralized health authorities- Health of Abu Dhabi (HAAD) and Dubai Health Authority (DHA)- solely controlled by MOH (Ministry of Health) in terms of licensing and controlling healthcare organizations and institutions and its professional practitioners.  All these factors are propelling the growth of the pharmacy automation market in the region significantly.  Market Research  is done by the knowledge sourcing industry due to the huge scope with the respective industry. Sample view of middle east and africa ph

INTRODUCTION The neuromorphic computing market was valued at US$28.288 million in 2017 and is projected to expand at a CAGR of 51.19% over the forecast period to reach US$337.819 million by 2023. The major factors driving the growth of the market are increasing the use of artificial intelligence technology in various applications and its ability to improve the performance of the integrated chips. Neuromorphic computing uses a similar architecture of a human brain so as to leverage its strength to improve the computing power of CPU’s and therefore improve the efficiency of artificial intelligence systems. Geographically, North America and Europe held a significant market share in 2017 owing to increasing expenditure on research and development to make advancements in artificial intelligence by machine learning and quantum computing.  The demand for neuromorphic computing in the Asia Pacific region will be driven by increasing research and development expenditure on robotics aut

Indoor Humidifiers market is expected to witness CAGR of 4.87% over the forecast period to reach a total market size of US$792.377 million by 2021, from US$624.706 million in 2016. Humidifiers are the appliances or an arrangement that adds moisture and increases the humidity level in the air to retain humidity at the required point. Humidifiers are preferably used in cold stores, data centers, and especially in agriculture production units, and other areas where environment critical products are processed and packaged.  Geographically, North America and Europe hold a significant share in the indoor humidifier market on account of their widespread adoption by various end-user industries in these regions. Stringent regulations regarding workers’ health in these regions are necessitating the use of advanced humidification solutions among the employers. High awareness regarding health benefits offered by indoor humidifiers is pushing their adoption into residential spaces which are

The global smart highway market is expected to be valued at US$16.916 billion in 2018 and is projected to reach US$40.607 billion by 2023 exhibiting a CAGR of 19.14% during the forecast period. This market will witness a high growth in the next five years owing to the rise in the demand for intelligent traffic management systems. Smart highway refers to the road/highways, incorporated with different advanced technologies to ensure an easily manageable and sustainable flow of traffic. It is specifically deployed to fill in the gap of inconvenience caused to the commuters.  The growing population and fatal accidents have led to the deployment of smart highway solutions. Moreover, an increasing focus on providing safe and sustainable road infrastructure in driving the global smart highway market. Simultaneously, the incorporation of advanced technologies such as Electronic Toll Collection System (ETC), lane driving warning system (LDW), and incident detection system in the transpor

Gas sensor the market is expected to grow at a compound annual growth rate of 5.99% over the forecast period to reach US$2,340.188 million by 2023, from the estimated value of US$1,651.126 million in 2017. The gas sensor is basically used for safety purposes to detect toxic or combustible gasses such as Carbon Monoxide (CO) both in residential and industrial locations. The increasing popularity of technologically advanced wireless sensors coupled with increasing awareness regarding the air quality is expected to augment the demand for gas sensors among various end-use industries.  Furthermore, occupational safety and health regulations by the numerous governments across the globe are another prime factor that is expected to drive the demand for gas sensors during the next five years.  Market Research  is done by the knowledge sourcing industry due to the huge scope with the respective industry. Sample view of Global gas sensor market share There is a rise in the impo

INTRODUCTION Global Food Irradiation market is projected to expand at a CAGR of 4.10% over the forecast period to reach a total market size of US$165.571 million by 2021. The major factors driving the demand for irradiated food are increasing concerns over food-borne diseases and food losses due to contamination, infestation, and spoilage. This market is attracting several major companies as irradiation increases the shelf life of the product.  However, irradiation adds another step in the supply chain, increasing the product’s total cost of production. The high average cost of irradiated food products and misconceptions amongst consumers regarding irradiated food products will inhibit its growth over the forecast period.  Market Research  is done by the knowledge sourcing industry due to the huge scope with the respective industry. Sample view of Global food irradiation market share Food Irradiation Market Forecast by Geography Geographically,  global Food Irradi

The global online survey software market was valued at US$4.065 billion in 2017 and is expected to grow at a CAGR of 11.25% to reach a market size of US$6.929 billion by the year 2022. Online survey software is used for designing online surveys to better understand the perception of an individual about a particular product, brand, and political scenario among others. The increase in internet access to the consumers has resulted in firms strategizing their online marketing techniques which involves conducting significant numbers of online surveys to better understand the market demands and public preference for products.  The growing integration among the key economies has led to the increasing adoption of technology which has urged the need for the internet accessibility. The major factor that has led to the deep penetration of the internet among the general population is the rapid increase in the number of smartphone users, on account of growing smartphone shipment over the past