Cloud Encryption Market Future Need Highlights 2026

Cloud encryption is the service offered by cloud storage providers for encrypting data before storing on the cloud. Encryption is one of the most effective approaches towards data security, scrambling content of any system, database, and file in such a way that it is not possible to decode without a decryption key. Thus, encrypting the data is an essential for data security, and is a major factor propelling growth of the market. Increasing cloud traffic is another major driver for growth of the cloud encryption market. For instance, according to Coherent Market Insights, global cloud IP traffic is expected to reach 14 ZB by the end of 2020, up from 4 ZB per year in 2015.

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Increasing concerns related to data security is among the major driving factors for growth of the market

Companies and organizations are increasingly adopting cloud encryption techniques for protecting their sensitive information from threats such as data breaches, unauthorized use of data by third party, and malware. For instance: According to CMI survey, in 2017, 98 % of the companies are have experienced the malware attacks, 69% of the companies have experienced the phishing and social engineering attacks. Thus, encryption techniques such as cryptography and steganography are being used for increasing data security, which in turn, is help in reducing data breaches sue to cyber-attacks. This is further expected to aid in growth of the market over the forecast period.

Cloud Encryption Market: Regional Insights

On the basis of geography, global cloud encryption market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for cloud encryption in North America is expected to account for the largest share in the global market over the forecast period. The U.S. held the dominant position in North America cloud encryption market in 2016.

The U.S. and Canada are major growth engines in North America. Organizations in North America are focusing on their shifting business workload to cloud environment and this is one of major driving factors for growth of the cloud encryption market. For instance, in 2016, North America accounted for around 42% of the cloud data center workload, globally.

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As these businesses to shift their workload to cloud, demand for encryption techniques for managing the sensitive data increases, in order to protect the data from cyber threats. Therefore, this is expected to aid in growth of the market. Moreover, increasing cloud traffic in North America is also another major factor for growth of the market. According to the Coherent Market Insights analysis, in 2015, the cloud traffic was 1891 EB (Exabyte) and is estimated to reach 6844EB (Exabyte) by 2020.

Cloud Encryption Market: Competitive Background

Major players operating in the cloud encryption market are Cipher Cloud Inc. (U.S.), Hytrust Inc. (U.S.), Gemalto N.V. (the Netherlands), IBM Corporation (U.S.), Secomba GmbH (Germany), Sky-high Networks Inc. (U.S.)., Sophos Group Plc. (U.K.), Vormetric (U.S.), Boxcyrptor (U.S.), Viivo, Wave System, Symantec Corporation (U.S.), and Thales e-Security Corporation (France).

Open Stack Services Market: Technological Breakthroughs by 2026

An open stack is an open source cloud platform, which is focused on free cloud computing services.  It consists of software tools that help in managing the platform for the public and private clouds.

Open source platform is the major driving factor for growth of the global open stack services market

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According to a recent market survey by Coherent Market Insights, more than 78 percent of enterprises operate on open source and less than 3 percent indicate that they don’t rely on open software. Significant paradigm shift towards open-source software, owing to the requirement to gain competitive edge and enhance their operational productivity is expected to drive market growth. Some of the major technology players that include Amazon, Google, IBM, Facebook, Walmart, and The Linux Foundation have made substantial strategic developments towards these platforms. For instance, in February 2018, The Linux Foundation introduced Akraino Project, that aids carrier availability and performance requirements in cloud services.

Open source software doesn’t include additional charges and fees associated with proprietary software, such as administration fees, multi-user fees, and software upgrade costs, which reduces the business operating cost and budget. It also enables to allocate more money on beneficial enterprise services associated with open source services such as user training, support, and custom development.

Open source services (OSS) help the business in terms of financial saving, reducing operating costs, and enables the business to allocate their finance on the secondary activities that includes user training, support and custom development.

Demand for open source is increasing, as it is a proven essential tool for enterprise IT revolution, operational effectiveness, and business value formation. This in turn, is increasing growth of the open stack services market.

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Increasing adoption of open sources among IT enterprises to improve key business functions, especially financial management and accounting is the major factor boosting growth of the market. However, high initial cost of implementation and lack of skilled workforce are the major restraining factor for growth of the global open stack service market.

Global Open Stack Services Market Outlook – North America held the largest share in the global open stack services market in 2016.

North America region held a dominant industry position and is estimated to retain its dominance over the forecast period, owing to increasing adoption of advanced technologies, such as cloud computing, Big Data, Internet of Technology (IoT), and business intelligence tools by the organizations, which in turn is reducing the business cost and increasing the productivity and profitability. According to the Coherent Market Insights, the cloud application market in the U.S. accounted for US$ 19.93 billion in 2017, which in turn expanded the U.S. economy by 2.3%, which is higher than 1.5% in 2016.

Key Companies in Global Open Stack Services Market

Technology-driven trends are expected to revolutionize the industry players respond to fluctuating consumer behavior, improve partnerships, and drive transformational variation. Digitization, increasing automation, and new business models have changed the IT industries. Major players operating in the global open stack services market include Canonical  (U.K.), Cisco Systems Ltd. (U.S.), Dell EMC Corporation (U.S.), Helion Open Stack Corporation (U.S.), Huawei  Technologies Corporation Ltd(China), IBM Cloud Manager (U.S.), Mirantis Open Stack (U.S.), Oracle Corporation (U.S.), Rack-space  (U.S.), Red Hat  Open Stack(U.S.), SUSE  (Germany), and Vmware

Data Center Virtualization Market Research and Technology Advancements 2018 to 2026

Data center virtualization is a process of designing, developing or deploying a data center on cloud computing or virtualization technology. Cost saving is one of the major factors for growth of the data center virtualization market. This is owing to the fact that data center virtualization helps to reduce hardware installation, and reduces electricity cost by providing hosted platform. Therefore, it aids small and medium sizes companies to reduce their expenses on IT department.

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Advantages of disaster recovery provided by data center virtualization plays a key role for growth of market in various vertical such as banking, healthcare, education, and retail. Disaster recovery-as-a-service protects company information and data from disasters by generating multiple backups. Increasing demand for data either structured or unstructured, for analyses of the market trend, customer demand, product discretion etc. have led to raising demand for data storage, which is positively affecting growth of the data center virtualization market.

Healthcare segment is projected to exhibit the highest CAGR over the forecast period. Increasing adoption of electronic health record, hospital information system, picture archiving, and communication systems has led to demand for data storage. This increasing demand for data storage in healthcare have led to increasing adoption of cloud, which reduces IT maintenance cost.

Small and medium-sized enterprises segment is projected to exhibit the highest CAGR over the forecast period. Due to high investment cost for production and maintenance of on-premises data centers, the small and medium sized enterprises are adopting cloud based data center, which help to reduce the IT expenses.

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North America data center virtualization market held the dominant position in 2016

On the basis of geography, the data center virtualization market is segmented into North America, Europe, Asia pacific, Latin America, the Middle East, and Africa. North America held the dominant position in the market and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are major growth engines in this region. This is due to increasing digitalization and high adoption of cloud technology in this region.

For instance, according to Coherent Market Insights, it is estimated that in 2015 North America had approximately 51% of the total data centers, globally. In addition to this, presence of key market leaders such as Citrix Systems, Amazon Web Services, Microsoft, and VMware is also another factor driving growth of the market of data center virtualization in this region.

Key Companies: Global Data Center Virtualization Market

Amazon Web Services, AT&T, Cisco Systems, Citrix Systems, Fujitsu, HCL Technologies, Hewlett Packard Enterprise, Huawei, International Business Machines Corporation, Microsoft, Radiant Communications, VMware are some of the major key players in the global data center virtualization market.

Digital Twin Market Overview, Growth Impact and Demand by Regions till 2026

Digital twins is a combination of various technologies such as machine-to-machine connection (M2M), machine learning, artificial intelligence (AI), sensor telemetry, and predictive analytics. Digital twin is used to create digital replicas of physical machines, including their characteristics and activities, depending on the data that is gathered from real-time.

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Development of IoT technology is the major driving factor for growth of the global digital twin market

Increasing utilization of internet of things (IoT) is the major factor expected to boost growth of the global digital twin market. Internet of Things is used to protect and secure network connecting IoT devices to back-end systems on the Internet. IoT technology aids in connecting physical and digital world. It can track an object; collect data, and analyze it and then take required actions. It can also be used to monitor activities of that object along with its progress in a specific time period. Owing to these features, advent of IoT technology has led to increased adoption of smart devices such as smart watch, intelligent traffic lights, and smart buildings among others. For instance, according to IHS Markit  — a database provider — the number of total IoT connected device were about 15.4 billion in 2015 across the globe. According to Coherent Market Insights’ analysis, around 28 million units of wearable devices were sold in 2016.

Additionally, it provides endpoint security such as antivirus and antimalware along with firewalls and interruption prevention and detection systems. IoT security aids in authenticating an IoT device by managing multiple users of a single device platform, for example, a connected car. Moreover, the authentication ranges from simple static password or pins to more robust authentication mechanisms such as two-factor authentication, digital certificates, and biometrics.

According to Coherent Market Insights’ analysis, in 2016, IoT in manufacturing accounted for about US$ 170 billion, and IoT in transportation sector accounted for over US$ 72 billion.

However, high initial cost of implementation, which includes high investment in IoT infrastructure is the major restraining factor for growth of the global digital twin market. In addition to lack of awareness regarding cost benefit of the adoption of digital twins, and lack of skilled workforce and technical knowledge high cost of implementation,  are also expected to restrain the global market growth.

Digital Twin Market Taxonomy:

On the basis of application, the global digital twin market is segmented into:

  • Product Design and Development
  • Predictive Maintenance
  • Machine and Equipment Health Monitoring
  • Dynamic Optimization

On the basis of end-user industry, the global digital twin market is segmented into:

  • Aerospace and Defense
  • Healthcare
  • Home and Commercial
  • Electronics and Electrical
  • Automotive and Transportation
  • Energy and Utilities
  • Retail and Consumer Goods
  • Others (Agriculture and Chemical)

Digital Twin Market: Regional Insights

The global digital twin market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The market for digital twin in North America accounted for the largest share in 2016. This is attributed to increasing adoption of IoT in a single smart interface of smartphones, PCs, and tablets. According to Coherent Market Insights analysis, in 2015, about 15.4 billion IoT installed base were there, globally. Also, rising cybercrimes is another factor expected to fuel demand for integrated IoT security solutions for application in various sectors such as government, defense, and healthcare. For instance, in May 2017, the WannaCry Ransomware attack affected number of computers from Taiwan to the U.K. and the U.S. Therefore, increasing cyber threat demands IoT security solutions. This is expected to accelerate growth of regional IoT market, which will have a positive impact on the global digital twin market growth.

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Digital Twin Market: Competitive Background

Major players operating in the global digital twin market include General Electric, IBM Corporation, PTC, Inc., Siemens AG, SAP SE, Microsoft Corporation, Alphabet Inc., Dell, Oracle Corporation, Robert Bosch GmbH, and AT&T.

Field Survey Management Market Size, Share, Growth, Trends and Forecast, 2018-2026 by Coherent Market Insights

Field survey management market refers to the businesses generated through data collection for gaining insights on different market aspects such as brand management, concept testing, consumer needs, retention, satisfaction surveys, pricing surveys, and service quality. Requirement to gain proper insights on the consumer or business behavior in a specific geographic location to provide competitive edge to companies outsourcing these services is expected to be the prominent factor influencing the growth of the field survey management market.

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Utilizing different data methodologies to target specific consumer or business segments to enable better business insights is expected to propel the growth of field survey management market

Businesses outsource these research operations to reduce the additional efforts and capital required for manpower and the tools for data collection that includes the online websites, computer assisted interviews, etc. Moreover, industry players provide services that include data collection methodologies such as online, mobile, computer assisted personal interviews, computer assisted telephone interviews, and post/ mail, which help companies to gain useful insights on the targeted consumer or business segments. These companies utilize one or multiple methodologies to provide competitive edge to their clients and gain better top line growth, cost savings, revenue generation, and maximize the consumer retention. Due to these factors, businesses are offering services in BFSI, retail, ecommerce, telecommunication, consumer goods, and government agencies.

Data analytics & modelling, social media analysis, and predictive analytics to help clients in better decision making

Analysis of accumulated data and lack of conclusions regarding to research findings may add to the company expense without gaining any competitive intelligence. Thus, most of the vendors in the industry such as Ipsos, Market Equations, and Corp Scan Group provide predictive analytics, media & brand expressions, innovation strategies, strategies for consumer, and employee relationships. This adds to the value of the insights explored through data collection field survey management, which is expected to fuel the growth of market over the forecast period.

Requirement of government agencies to keep track of the nation’s produce, economic activities, population health, and revenue is expected to propel growth of the market. Ease of availing professional services from industry participants for detailed analysis of the required data and significant reduction of cost investment from outsourcing these services are expected to increase the demand for field survey management market over the forecast period.

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According to Coherent Market Insights analysis, North America dominated the global field survey management market in 2017 and it is expected to continue its dominance over the forecast period, owing to widespread presence of multi-national companies headquartered in North America that source these insights for better competitive business intelligence for their operations and expansion in other regions.

Some of the key vendors in the field survey management market include Nielsen Holdings PLC, Kantar TNS, GfK, IRI Consultants, comScore, Inc., IT, Research & Metadata Solutions (IRMS), The Brenett Group, Focu Pointe Global, and Ipsos. According to Coherent Market Insights analysis, information regarding the potential growth opportunities in the emerging economies of Mexico, China, India, Brazil, and Russia in conjunction with the advanced economies of North America and Europe is highly valued. Moreover, companies having resources established in these economies have withheld leading positions in global industry space.

Traffic Sensor Market To Design A Cohesive And Predictive Business Strategy

Traffic sensors are used for traffic management, automatic incident detection, and data collection. Traffic sensors provide standard data regarding traffic, speed, and area occupancy, which are helpful to avoid congestion in the large metropolitan areas. Moreover, these sensors helps to accurately measure average flow speed, which helps to distinguish different service levels such as dense, congestion, queue, and fluid. Traffic sensors improves the efficiency and capacity of transportation networks.

Inductive-loop detectors, video image processors, magnetometers, laser radar sensors, microwave radar sensors, ultrasonic sensors, passive infrared sensors, and passive acoustic sensors are types of traffic sensors. Application of these sensors includes incident detection, traffic signal control, mainline control, and measurement of vehicle volume.

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One of the key factors expected to boost the growth of global traffic sensor market is growing traffic volume. Furthermore lack of effective roadways in urban, intercity, and rural areas is major reason for high volume of traffic on road, especially in emerging economies such as India, China, and Brazil. This demands for traffic sensors to manage road traffic by minimizing congestion. Therefore, traffic sensors can be deployed to ensure optimal utilization of existing roadways. For instance, intelligent transportation systems (ITS) aimed to provide traffic analysis, electronic surveillance along with improved safety, and minimizing pollutant emissions. According to Organization Internationale des Constructeurs d’Automobiles or OICA, around 1.28 billion units of vehicles were in use in 2015 worldwide as compared to 1.23 billion vehicles in 2014. Hence, increasing vehicle parc would lead to proportional increase in road traffic. Traffic sensor is a systematic solution for the prevention of this issues.

Traffic Sensor Market: Regional Insights

The global traffic sensor market has been segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America accounted for the largest share in the global traffic sensor market in 2016. The U.S. is the major growth engine in North America market, owing to increasing initiatives from the U.S. government towards improvement of transportation infrastructure and implementation of intelligent transportation systems (ITS). For instance, the America’s Surface Transportation Act or “FAST Act” was implemented in 2015 to solve road traffic congestion issues, enhance transportation within the country, improve working efficiencies in transportation systems and commercial vehicles, and minimize vehicle emissions.

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Traffic Sensor Market: Competitive Background

Major players operating in the global traffic sensor market include EFKON AG, Kapsch TrafficCom AG, TransCore, International Road Dynamics, Inc., Kistler Group, Flir Systems, Inc., TE Connectivity Ltd., SWARCO AG, Q-Free ASA, SICK AG, Axis Communications AB, Raytheon Company, and Siemens AG.

Airborne Surveillance Market Top Business Strategies For Profit ROI Till 2026

Airborne surveillance system aims to provide early airborne unusual activities warning. It consists of antenna, airborne data processor, and integrated navigation system, which are featured to provide high accuracy navigation system. These are responsible for tracking and scanning of required target. They receive signal from transmitting radar, analyze the signal and transmit the signal to the receiving radar and provide navigation of the target.

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Major driving factor for the growth of global airborne surveillance market is increasing adoption of unmanned aerial vehicles (UAV) in commercial sector, which has applications in agriculture, government agencies, and other major industries. For instance, according to the Federal Aviation Administration (FAA), around 7 million drones are expected to ship to the U.S. by 2020, which includes sales of around 2.7 million commercial drone by 2020 from 600 thousands in 2016.

These drones are available at affordable price and thus creating an opportunity to actively utilize these drones in commercial application. Increasing concern regarding safety and security along with digitization and advanced technologies used in mapping software and high resolution satellite imagery are prominent factors expected to accelerate the growth opportunity of the commercial drones market, which are expected to consequently fuel global airborne surveillance market growth. Drones are experiencing active adoption by agriculture sector. LiDAR, geographic information system (GIS) and high resolution satellite imagery system are highly being used in agriculture sector for crop health monitoring, production of crop measurement, and checking soil condition. Trimble Navigation Ltd. has a strong hold in the agriculture drones market. This company provides Trimble UX5 HP high-precision mapping solution in the agriculture drone market.

Airborne Surveillance Market: Regional Insights

The global airborne surveillance market has been segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for North America is expected to account for largest share in the global airborne surveillance market. The U.S. is the prominent source for the regional market growth due to the presence of key players including Boeing, BAE Systems and Raytheon. High defense funding, increased focus on minimal troop casualties, minimum financial loss, and increased focus on the development of advanced airborne systems are key factors to have a positive impact in the U.S. market, which in turn is expected to fuel regional market growth.

In July 2017, the U.S. Navy sent out proposals to four defense contractors to the General Atomics, Boeing, Lockheed Martin, and Northrop Grumman for modulated reconnaissance requirement while enhancing the proposed unmanned aircraft’s aerial tanking duties. UCAVs with long-ranged striking capabilities are incorporated with Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) systems into airborne platforms, which are capable of deploying precision-guided munitions, bombs, and missiles. These factors are expected to drive the growth of the market over the forecast period.

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Airborne Surveillance Market: Competitive Background

Major players operating in the global airborne surveillance market include BAE Systems, Boeing, Lockheed Martin Corporation, Raytheon Company, Flir Systems, Israel Aerospace Industries Ltd., L-3 Wescam, Leica Geosystems AG, Leonardo, Northrop Grumman Corporation, and Saab AB

Quantum Cryptography Market Share Sales, Production, And Cost Forecasting Upto 2026

Quantum cryptography is a technique to ensure confidentiality of communicating information. It is a blend of quantum mechanics, which allows to perform various cryptography tasks those are not possible by non-quantum communication.

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The key factor responsible for the growth of quantum cryptography market is increasing incidents of cyber-attacks globally. For instance, In July 2017, cybercrime increased up to 84.1% from 68.8%, which was recorded in June 2016. Banking and finance is the major sector prone to cyber-attack. Quantum Cryptography is used for protecting private information of data or cash related to their customers. This confidential data is highly susceptible to cyber-threats.

For instance, according to the Reserve Bank of India (RBI), for the year 2015 – 2016, around 16,468 frauds were reported associated with ATM, debit card, credit card, and net banking. In 2014 – 2015, the number of frauds were 13,083 and 9,500 in the year 2013 –14. The data stored on cloud or on-premises is vulnerable to cyber-attacks by various software such as Trojan horses and viruses, which consequently increases the requirement of quantum cryptography solutions.

Quantum Cryptography Market Taxonomy:

On the basis of application, the global quantum cryptography market is segmented into:

  • Database Encryption
  • Application Security
  • Network Security

On the basis of end user industry, the global quantum cryptography market is segmented into:

  • Banking, Finance Services and Insurance
  • Telecom and IT
  • Government and Defense
  • Healthcare and Life sciences
  • Consumer Good and Retail

Quantum Cryptography Market: Regional Insights

The global quantum cryptography market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for quantum cryptography in North America is expected to dominate the global market during forecast period. This growth is attributed to increasing cyber-attacks in this region on web based business such as healthcare, banking and financial, and retail and manufacturing. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes resulted in a loss of over US$ 1.33 billion globally. California witnessed the highest recorded loss with over US$ 255 million. In 2016, around 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany. This in turn creates a highly conducive environment for growth of the market.

Quantum Cryptography Market: Competitive Background

Major players operating in the global quantum cryptography market include Magiq Technologies, Inc., Quintessencelabs, Nucrypt LLC, Qutools GmbH, Qasky, Crypta Labs Ltd, Qubitekk, Inc., PQ Solutions, Infineon Technologies AG, and Id Quantique.

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Automotive Glass Market Entry Strategies, Countermeasures of Economic Impact Channels to 2026

Automotive glasses are aesthetics glass of a vehicle that protects passenger from harsh exterior environment such as rain, sun, and wind. Automotive glasses are designed in such a way that it contributes minimal weight to the vehicle, withstand high external forces, and minimize the strain induced on the vehicle. Hence, all these features increase comfort and aid in protecting passenger from external environmental factors such as dust and wind.

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Rising demand for vehicles is one of the major factors driving growth of the market

Major factors driving growth of the automotive glass market is increasing demand for vehicles, globally. For instance, according to International Organization of Motor Vehicle Manufacturers statistics (OICA), the total number of vehicles sold in 2016 were 94 million units and it increased to 96 million units in 2017, globally. Hence, increasing demand for vehicles is driving OEMs to manufacture more vehicles to meet consumer demand, which will proportionately increase demand for automotive glass. For instance, according to the OICA, the total number of vehicles produced in 2016 was 95 million units and it has grown up to 97million units, globally. Moreover, increasing per capita income of individuals has proportionally increased the sales of vehicles, which is further boosting growth of the automotive glass market. For instance, according to the World Bank Group, GDP per capita has increased globally from US$ 9,509.4 in 2010 to US$ 10,150.8 in 2016. This is an indicator of increasing standard living, which in turn has aided in high sales of vehicles. Therefore, strong and consistent sales growth of in the automotive industry, is further expected to fuel the market growth during the forecast period (2018–2026).

Global Automotive Glass Market: Key Trend

One of the latest trend gaining attraction in the market is the exponential rise in adoption of solar control glasses for vehicles. Major benefits associated with use of solar control glasses is that it helps in improving fuel efficiency. The usage of solar control glass helps in keeping the vehicle cooler on the inside, which reduces the need for air conditioner, which in turns makes the car fuel efficient. For instance, in 2014, SEKISUI S-LEC, LLC introduced S-LEC Solar Control Films. This glass help in reducing the transmission of heat (mid-infrared) rays from the sun, effectively controlling the in-car temperature, while reducing demand on air conditioning and increasing the fuel economy by 3%. Additionally, another benefit of solar control glass is that it reduces the effect of ultraviolet radiation. This solar glass controls up to 99% of solar radiation, which is similar to the benefit associated with SPF 50+ sunscreen. This rise in the adoption of these glasses will, in turn, augment growth in the global automotive glass market in the near future.

Fluctuating prices of raw materials is one of the major challenges for growth of the automotive glass market

Fluctuation in the prices of glass raw material is one of the factors affecting demand for glasses in the automotive sector. As the changes in the pricing of material directly affects the expense of the automakers, which proportionally affects the profit margins of the automakers. For instance, in May 2018, according to a press release of Producer Price Index (PPI), the PPI for specialty glass, which includes auto glass, witnessed a rise by 1.4 % year-over-year basis in terms of price.

Global Automotive Glass Market: Segment Trends

Among vehicle types, passenger vehicles segment is the fastest growing segment, owing to increasing sales of these vehicles worldwide. According to International Organization of Motor Vehicle Manufacturers, in 2016, around 70 million units of passenger car were sold worldwide. Growing passenger cars per thousand inhabitants over the past few years have reached to 182 per thousand inhabitants in 2015 from 178 in 2014, which is major factor fuelling the growth of passenger cars. Hence, the increasing sales of passenger vehicles will inadvertently increase the demand of automotive glass for this segment.

Global Automotive Glass Market: Regional Insights

Asia Pacific held a dominant position in the global automotive glass market in 2017 and expected to retain its dominance during the forecasted period (2018–2026). This growth is attributed to presence of emerging economies in this region such as India, China, and Japan positioned as the growth engines in the automotive sector. According to Organisation Internationale des Constructeurs d’Automobiles (OICA) in 2016, 39.4 million units of passenger cars were sold in this region, up from 36.1 million units in 2015. It also stated that in 2016, China held 61.8% share of the total Asia Pacific passenger cars sales and 35.1% of the global passenger cars sales. Hence, China was the largest market in the region in 2016. Thus, growing sales of passenger vehicles will inadvertently increase demand for automotive glass for passenger vehicles. Hence, this factor will help in boosting growth of the automotive glass in this particular region.

Global Automotive Glass Market: Competitive Landscape

Key players operating in the global automotive glass market are Fuyao Group Automobile Glass Co., Ltd., Asahi Glass Company Ltd, Saint Gobain S.A., Nippon Sheet Glass Co., Ltd., Magna International, Inc., Xinyi Glass Holdings Ltd, and Gentex Corporation.

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The players in the market are focusing on acquisitions and expansion of manufacturing capability, in order to remain competitive in the market. For example, in April 2015, Asahi Glass Company Ltd. acquired the Nordglass Group, which is known for producing windshields for the automotive industry. This acquisition helped the Asahi Glass Company Ltd. to strengthen its market position in the automotive glass business.

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Car Dashcam Market Entry Strategies, Countermeasures of Economic Impact Channels to 2026

Dashcams are small video cameras installed on the dashboard of a vehicle. They are increasingly being used to film the road in front or behind a vehicle, either as a source of entertainment or as a source of evidence in the event of an accident. Moreover, dashcams are beneficial for capturing unexpected movement of cosmic bodies visible in the atmosphere. For instance, dashcam footage was the most common footage of the February 2013 Chelyabinsk meteor, which was a superbolide that entered into Earth’s atmosphere over Russia on 15 February 2013. The video of this occurrence was documented from at least a dozen angles by dashcams.

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Rising concerns regarding safety coupled with stringent government regulations are major factors driving growth of the global market

Increasing number of road accidents and rising safety concerns are the major factors driving growth of the car dashcam market. According to World Health Organization (WHO), an estimated 1.3 million road accidents occur annually worldwide, among which around 93% road traffic death occurs in low and middle income economies. Thus, governments are implementing standards for safety and prevention of accidents by mandating installation of rear-view cameras in vehicles worldwide. For instance, in 2014, The National Highway Traffic Safety Administration (NHTSA) issued a new regulation that requires all vehicles under 10,000 pounds, including buses and trucks, to have backup cameras by 2018. The report reveals that, 210 fatalities and 15,000 injuries on an average are caused by back over accidents while driving in reverse, annually. This is due to lack of rear visibility causing a substantial number of pedestrian injuries and deaths every year. These are few major factors driving growth of the global car dashcam market size.

Global Car Dashcam Market: Restraint

A major factor expected to hinder growth of the global market is the stringent laws imposed against the use of dashcams in certain countries. The use of dashboard cameras is forbidden by law and considered as a violation of privacy in certain European countries such as Austria, Belgium, and Switzerland and heavy fines are charged on violators, thus restraining growth of the market. For instance, according to Belgian Camera Act of March 2007, regulating the installation and use of surveillance cameras in private places that are accessible to the public, are liable to be reported.

Global Car Dashcam Market: Vehicle Type Segment

Among vehicle types, passenger cars accounted for the largest share in the global car dashcam market in 2016, in terms of volume. For instance, according to The Organisation Internationale des Constructeurs d’Automobiles (OICA), in 2016, total vehicle produced globally was 94,976,569 units, among them 72,105,435 were passenger cars produced in 2016, which is almost 75% of the global vehicle production. Therefore, increasing vehicle production is leading to high demand for car dash cam market globally.

Global Car Dashcam Market: Product Type Segment

Among product types, single lens segment accounted largest share over of the overall market in 2016 and is projected to retain its dominance over the forecast period.

Multi lens segment exhibits a high growth potential and is projected to gain significant traction over the forecast period. Such dashcams offer front and rear protection to the automobile and collects all-round evidence in the case of road mishaps. Multi lens dashcams are capable of recording events taking place in vehicles as well as external events through the rear windshields.

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Global Car Dash cam Market: Regional Insights

The market for car dashcam in Asia Pacific accounted for the largest share in 2016 and is expected to retain its dominance over the forecast period. Growth in this region is attributed to presence of some of the world’s largest manufacturing and sales hubs in the region. According to Coherent Market Insights’ analysis, production of vehicles in countries, including China, India, Japan, South Korea, and Thailand accounted for over 50% of the global production. This in turn, is expected to boost the demands for car dash board cameras in this region. Additionally, China and India are expected to be major growth engines for the market in Asia Pacific. According to The Organisation Internationale des Constructeurs d’Automobiles (OICA), in 2016, total vehicle sales in China was 28,028,175 units, which was 14.5% of the global sales, this in turn is driving demand for embedded systems such as dashcams. These factors in turn, are expected to boost growth of the regional market over the forecast period.

Global Car Dash Cam Market: Competitive Background

Major players operating in the car dashcam market include Hewlett-Packard Company, DOD-Tech Co. Ltd., ABEO Company Co. Ltd., Panasonic Corporation, Aiptek Inc., Garmin, LG Corporation, Qrontech Co. Ltd., Pittasoft Co. Ltd., Satechi Baravon, and Bulls-I Vehicle Drive Recorders.

Global Car Dash cam Market: Taxonomy

On the basis of Technology

  • Basic Dashboard Camera
  • Advanced Dashboard Camera

On the basis of Product Type

  • Single Lens
  • Multi Lens

On the basis of Vehicle Type,

  • Passenger Cars
  • Commercial Vehicles

On the basis of region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East
  • Africa