Vehicle Telematics is defined as the tools and the technologies that are used to monitor a vehicle effectively. Telematics, in other terms, can be defined as the field, which deals with and consists of the combination of telecommunications, vehicular technologies that can include road transport, GPS navigation, safety features among others, and electrical engineering components such as sensors, instrumentation, and systems relating to wireless communication.

There are a variety of applications, which the field of telematics can cater to some of which are discussed below-

Vehicle Tracking – This technology is used to provide the location of the vehicle and its behavior, and is being used extensively by different fleet managers in order to effectively control and mage their fleets and is leading to increased adoption of the industry. This can be done by simply integrating a vehicle tracking and management software or tool, with a GPS system.

Emergency Warning Systems – There has been an increase in the number of road accidents and other factors such as strict regulations, which have led to the implementation of stringent standards in the automotive industry to make the vehicle safer for the driver as well as the occupants present inside, thus minimizing the chances of serious injuries. Emergency Warning systems use different sensors, which are able to alert the driver in case of any obstacles, and vehicles in front among other possible issues that pose a significant danger.

Electric Vehicle Telematics Market Trends

• Several efforts are being made by the governments of different countries in order to boost the manufacture of electric vehicles in order to reduce the pollution levels and accelerate the development of the automobile industry. In addition, new features are being implemented in the vehicles to make them more efficient and safer, as a step towards reducing road accidents and enhancing the interaction between the driver and the vehicle. For example, the UK government is proving grants to the automotive owners and dealerships worth £3,000 for purchasing low-emission vehicles or electric vehicles. Some of these include Hyundai IONIQ Electric, Hyundai KONA Electric, Kia Soul EV among others. In addition, the Indian government is promoting programs and schemes such as FAME (Faster Adoption and Manufacturing of (Hybrid & Electric Vehicles)(which was launched in 2015)  to promote the use of electric and hybrid electric vehicles. Therefore, these measures are bolstering the demand for electric vehicle telematics solutions and augmenting the market growth.

• However, some of the factors such as the possibility and security threats regarding the misuse of vehicle data, the moderate installation costs, and availability of internet with poor sped and bandwidth in some areas restrict the growth of the electric vehicle telematics market to some extent.

 

Product Launches, and Offerings by Industry Players in Electric Vehicle Telematics Market Landscape

Moreover, the industry players are increasingly participating in the market to advance and enhance the Electric Vehicle Telematics solutions in order to effectively manage and control the vehicle functions by integrating the latest driver safety and vehicle monitoring technologies and encouraging the use of such solutions. Thus, they are involved in product launches and offerings to accelerate the development of the automobile industry, thereby boosting their market position and contributing to increasing the Electric Vehicle Telematics market size.

• In April 2019, HARMAN International, which is a subsidiary of the famous and one of the leading electronics manufacturing companies Samsung Electronics Co., Ltd. announced that they have launched their new product called the “HARMAN 5G-ready Telecommunications Control Unit (TCU). This product was launched as a step to support the connected technologies of automotive, consumer, and enterprise markets. This product is able to provide enhanced and scalable connectivity between vehicles via mobile networks such as the current 4G network and or the 5G network. Some of the features of the product include top-class reliability, low-latency communication capabilities, which are able to facilitate the reduction in lag experienced by about 50 times and additionally, allowing V2X communication.

• In January 2020, Geotab, one of the leading companies that are involved in the manufacture and sale of different vehicle solutions announced the launch of their new telematics product called the “Geotab Integrated Solution”, which has been developed specifically for General Motors. This solution was launched at the event Geotab Connect 2020 and allows the fleet managers to manage their vehicle data such as Chevrolet, Buick, and GMC within the MyGeotab platform via a factory-fitted, GM-engineered OnStar module. In addition, the solution that was launched requires no installation or additional hardware.

• In October 2018, ERM advanced telematics, a company involved in the provision of products and technologies for the automotive market that includes hardware and software solutions, announced the launch of two new products under their telematics product line that are aimed improving the quality of by making the use of human voice warnings and visual warnings to the driver. The product is called “eVoice and eFlash SF”, and has been made available to the different customers in 68 countries where ERM is an active player. The product has been specifically developed for different car fleet owners, automakers, and auto importers.

Conclusion:

The use of advanced and enhanced automotive and vehicle monitoring solutions is gaining traction and popularity from the last few years owing to the vast number of benefits and other extended features these solutions are able to provide to the driver and the occupants. which is hardware and software-based telematics to hold a significant market share. The current market trends show that the usage of the solutions is going to increase with more new and enhanced features being included integrated into these systems such as NFC, 5G, among some other further technologies, which will not only make the vehicles safer but also improve the standing of electric vehicles in the automotive industry. There is a growing need for such solutions in order to minimize the number of accidents due to driver disturbance or other factors, and also increase the efficiency of the electric vehicles, which will play a major role in fuelling the market growth over the common g years and keep the market competitive over the forecast period.

Data Brokers are referred to as information brokers, data providers, and data suppliers as well. Their main objective is to collect the different types of data that are generated in the different types of end-user industries or buy the data that is stored with the other end-user industries and scour the internet for information about the different users that are connected to the database of the different end-user industries. The sources from which the data brokers collect the data that includes online and offline sources about the users include social media sites, web history, the purchases made using offline and online channels and their warranty information, the information regarding credit cards and other important data such as the government records, which can include, driver’s licenses, census data among others.

The data that is collected by the data brokers are then sold to other companies and used for some other purposes. These include targeting the user with ads based on their search history, or offer them safety solutions, but that depends on the type of data broker company that has collected and then sold the information. The different types of data brokers include-

• MARKETING AND ADVERTISING DATA BROKERS – These types of data brokers target the user for the marketing and advertising purposes by presenting them; targeted ads related to their search histories.

• FRAUD DETECTION DATA BROKERS- These types of data broker companies, offer fraud detection and data protection solution to the users and are used most commonly by mobile phone companies and banks.

• RISK MITIGATION DATA BROKERS-These data broker companies make use of the users' data in order to offer high interests loans rather than low-risk loans.

• PEOPLE SEARCH SITES – These are generally company-controlled websites that allow users to search for other users by around oms of their details such as names, addresses, and other information.

 

Data Broker Market Trends

• The increasing penetration of the internet has relayed in a rising number of users to make use of the internet by online retail services and other online services, which has resulted in the generation of an exorbitant amount of data, and thus, it is becoming more vulnerable to cybersecurity threats. This is leading to the company’s adopting data brokerage solutions from different types of data brokers and is bolstering the market growth.

• The rapid digitalization of the various end-user industries has led them to adopt innovative and cutting edge solutions in order to streamline the different operations and the processes in the industry, which is leading to. Besides, the presence of favorable government policies aimed at integrating Information Communication and Technology solutions in different end-user industries, which store a lot of personal data and sensitive information such as the BFSI, and Retail among others is contributing to the growth of the market.

• However, there is the presence of strict guidelines and restrictions in the different regions such as the GDPR (General Data Protection Regulations) in the EU (European Union), which makes the data of the user's data top priority and is hampering the market growth to some extent.

The market has been segmented on the basis of data type, end-user industry, and geography and some of the market players operating in the different regions, and globally are Acxiom, ID Analytics, LLC, Oracle Corporation, CoreLogic, among others.

Product Launches, and Offerings by Industry Players in Data Broker Market Landscape

Moreover, the industry players are increasingly participating in the market to advance and enhance the data brokerage solutions I order to effectively manage and make use of the data that is purchased from end-user industries, by integrating the latest data analysis and management technologies and encouraging the use of such. Thus, they are involved in product launches and offerings to accelerate the development of the ICT sector, thereby boosting their market position and contributing to increasing the data broker market size.

• In, June 2019, OneMedNet Corporation, which is one of the leading companies involved in offering data broker solutions to different end-user industries announced the launch of their new data broker solution product called the “Data Broker Version 1.0.0”. This product is developed to enable the images from the clinical archives to be indexed in a quicker manner, which are then searched and curated for a set of patient populations. The product by the company was presented and launched at the Society for Imaging Informatics in Medicine (SIIM), which was conducted from June 26^th to June 28th

• Oracle, one of the major players dealing in the provision of different solutions related to cloud engineered systems, and database software among others offer their Oracle CASB Cloud Service, which is the product that is claimed to the only Cloud Access Security Broker (CASB) that is able to provide the users with enhanced features. Some of the features it includes are; threat detection, which help in identifying threat in order to protect the cloud footprint easily, it offers predictive analytics, which is comprised of patent-pending modeling techniques so that the risks can be evaluated effectively. Lastly, another feature of this product is that it facilitates the elimination of labor-intensive processes, thus minimizing the margins of error, and leads to cost savings.

Conclusion:

Currently, a data brokerage solution for us of management of customer data is expected to hold a significant share in this market and is anticipated to witness a fast growth rate in the upcoming years due to the burgeoning demand from the BFSI industry as well as the Telecommunication Industry.  With respect to current market trends, it is anticipated that the integration of advanced technologies such Ai and the application of 5G networks and better cloud storage and cloud computing features will allow data brokers companies to flourish even more in the upcoming years with demand being generated from the retail sector and the educational sector. There is a growing need for an enhanced solution in order to provide the consumer and business solutions from different threats and breaches to their privacy. This is one of the major factors, which will continue to play a role in driving this market. In addition, it will attract many new entrants who will bring new and better changes and enhancement in data brokerage solutions. Thus, the market will remain competitive in the upcoming years and it is projected to show modest growth in the upcoming years. 

Face Masks are products that are used by the consumers in order to improve their skin quality and the suppleness, brightness of their skin by alleviating the skin from elements such as blackheads, acne, oily skin, clogged skin among other conditions.

Face Mask, By Product Segment

There are different types of face masks that are available in the market and are in demand by the consumers and other end-user industries. The demand has increased even more owing to the increasing propensity to spend more on beauty and cosmetics, being facilitated by the increasing disposable income. There are different face masks available that are clay masks, gel masks, and others.

CLAY MASKS

Clay Masks are a type of face masks that are beneficial to the individual with oily and acne-prone skin, clay masks are able to draw out the impurities and also facilitate the absorption of excess oil off the surface of the skin. Clay masks are available in different types such as bentonite clay mask, French green clay mask, and others). The Bentonite Clay Mask is a type of a mask that is available in form of a powder that is mixed in water to produce a thick paste, which is then applied to the face, for the mentioned period of time after, which is washed off. The bentonite clay is able to attract the particles of dirt present on the fact and cleanse the skin properly.

GEL MASKS     

Gel Masks are a type of face masks that are made using gels, which is a sort of liquid masks with good viscosity do that it can stick to face effectively and it provides a cooling and refreshing effect to the skin.  In addition, their purpose to contain the moisture so that the skin gets a refreshing and rejuvenated look. It is available in different types such as charcoal gel mask, bio-cellulose gel mask, sheet masks, ampule sheet masks, and others. The Sheet masks are thin face masks that are thin in nature and can be molded according to the texture and facial features and sits on the fact for the mentioned amount of time and then are removed slowly by peeling them off.

 

Product Launches, Projects, and Partnerships by Market Players in Face Masks Market

Moreover, the market players are increasingly participating in the market to advance and enhance the products related to the cosmetics industry by integrating the latest elements and ingredients such as essential oils and others and encouraging the use of such products among the individuals interested in alleviating various skin conditions and problems. Thus, they are involved in acquisitions, product launches, and projects in order to accelerate the development of the cosmetics and beauty sector, thereby boosting their market position and contributing to the growth of the consumer goods sector. For example, in November 2019, Peticomo, one of the leading companies dealing in the provision of cosmetic products, based in Korea, announced that they have launched two new products under their “Bling Bling Light Up Masks”, which contain EWG green grade natural ingredients. The new products under this range are called “Ampoule Mask Black Edition” and the “Aqua Mask White Edition”. These masks are able to infuse properties of elasticity and vividness into the skin effectively, that comes under the effect of hot weather conditions. In addition, they are also helpful in improving the skin tone of the users. The Ampoule Mask Black Edition is comprised of ingredients such a propolis extract, royal jelly extract, lavender oil, orange peel oil, which are great for skin nourishment and improvement of elasticity. On the other hand, the Aqua Mask White Edition is able to facilitate in soothing the heat affected skin by infusing a rich a comfit watery feeling with some of the key ingredients being Lactobacillus fermentum, and purslane extract, and chamomile oil.

Recently, in March 2020, A beauty and cosmetics brand, which is called Loops, and is based in the US announced that they have launched their debut line of face masks made in Korea using hydrogels. The face masks are of 7-SKU range and comprised of the ingredients that are beneficial to the skin such as baobab oil, cactus extract, and rice extract, in order to provide the skin with essential benefits for 24 hours, from day till night. The face masks that have been made available are the “Sunrise Service”, “Night Shift”, “Clean Slate”, Double Take, and Weekly Rest, alongside a Weekly Reset version for lips and eyes. Moreover, the masks that have been developed are made of compostable and sustainable materials, thus minimizing the effect caused to the environment. The Loops brand was created by the owner of the brand Syllable In partnership with the creators f the brand Shot Studios, with some other prominent people.

Recently, in March 2020, iCraft, which is one of the brands involved in the provision of health and beauty products, based in South Korea announced the launch of their new product, which are face masks infused with graphene. The graphene face masks have been made using the Haydale graphene nano-platelets. The Haydale graphene has been provided to the company iCraft, by Haydale Graphene industries, since May 2019, for use in different applications including beauty and personal care. In addition, the company iCraft has already signed two contracts in order to supply and begin the delivery of the cosmetic face mask sheets and is also working with two other companies and cosmetic brands in order to introduce other new products.

Therefore, due to the market players are involved in the provision by advanced products by new launches and integrating the face masks with innovative essential oils and other elements, they are contributing towards increasing the face masks market size.

Conclusion:

Currently, the gel and sheet type of face masks for use in cosmetic and beauty applications are expected to hold a significant share in this market and is anticipated to witness a fast growth rate in the upcoming years due to the burgeoning demand from the cosmetics industry.  With respect to current market trends, it is anticipated that the use of graphene and activated charcoal in the face masks and other essential ingredients and compounds will allow face masks to flourish even more in the upcoming years. This can be attributed to the demand being generated owing to the rising awareness for taking proper and effective care of the skin and ward of the pollutants and other skin conditions such as blackheads and oily skin among others. There is a growing need for a beneficial and good-quality skincare product. This is one of the major factors, which will continue to play a role in driving this market. In addition, it will attract many new entrants who will bring new and better changes and enhancement in face masks. Thus, the market will remain competitive in the upcoming years and it is projected to show modest growth in the upcoming years. 

The major factors that are driving the baby care products market growth are the rising concerns among the parents regarding the health and well-being of their babies. Baby care products are those types of products that include toys, foods, drinks, skincare products, body care products, and safety and convenience products made specifically for infants, roughly between the ages of four to six months to 2 years. Furthermore, the rapid urbanization, growing middle-class population, and further the availability of a variety of different products in the market are also some of the key factors bolstering the growth of the global baby care products market throughout the forecast period. Moreover, the changing lifestyles of the people, especially across the developed economies has further resulted in the growing demand for the convenience-oriented goods and services, which in turn is boosting the demand for various baby care products which majorly include, food and beverages, and safety and convenience products such as prams and car seats among others.

The expansion of distribution channels also provides an impetus for the market to surge in the near future throughout the globe due to the rising penetration of the internet and smartphones has further led to an inclination of parents towards online shopping due to more convenience and numerous economic benefits. Also, the rising investments by key players in the market for R&D to develop new products with plant-based or organic materials to cater to the growing market requirements further propel the opportunities for the market to grow in the coming years.

The rising women workforce is further driving the demand for various baby care products

One of the prime factors that is significantly boosting the demand for various baby care products is the rising women workforce. As a result of the increasing number of working women, growing parental concerns about nutrition, and modern-day time constraints, industry-processed baby food plays an ever more significant role in meeting the nutritional demands of infants and toddlers worldwide. As more and more women take up a full-time job and enter fast-paced modern lifestyles, consumers continue to seek convenience and simplicity, increasing the reliance of the on the packaged food. Furthermore, due to the changing and hectic lifestyle of the parents, the demand for convenience products such as prams, car seats among others is booming especially in developed economies around the world. Furthermore, numerous government rules and regulations in some countries regarding the safety of the babies is also bolstering the growth of the car seat segment during the coming years.

Baby food is projected to dominate the market

On the basis of type, the global baby care products have been classified into segmented on the basis of type, distribution channel, and geography. By type, the market has been classified into baby food, body care, and safety and convenience among others. The body care segment has been further segmented as diapers and wipes and skin and hair care products. The safety and convenience segment has been segmented on the basis of prams and strollers and car seats. The baby food segment is projected to hold a major market share throughout the forecast period. Rising awareness about the benefits of various types of baby foods depending on the age of the babies, supported by increasing disposable income and rapid urbanization, especially in developing economies with high birth rates is contributing to this dominant demand for baby food over the forecast period.

The body care segment is projected to witness notable growth during the next five years due to the growing adoption of numerous products by the parents in the developing economies around the world. Also, the rapid innovations by key market players for developing the products from organic materials further supplement the growth of this segment during the next five years.

Online sales projected to show robust growth

On the basis of the distribution channel, the baby care products market has been segmented on the basis of online and offline. The offline segment is projected to hold a substantial share during the next five years primarily on the account of reluctance of a major share of the population towards online shopping. Furthermore, the increase in the number of retail outlets along with the opening of new chains of hypermarkets and supermarkets in the developing economies is further bolstering the growth of the offline segment during the forecast period.

The online segment is projected to surge at a robust growth owing to the burgeoning adoption of online distribution channels due to rising smartphone penetration along with the increasing penetration of fast and cheap internet services in both developing and developed economies of the world.

Competitive Scenario

The growing investments by key market players as well as small players in the market in the form of R&D for developing new products and expanding the product portfolio along with facility expansions and acquisitions and partnerships in order boost the production to cater to the rising market demand and also to tap the potential that the market holds further shows the potential for the market to surge during the next five years. For instance, in September 2019, Nestle announced and investment in its organic baby-food producing facility in Portugal for the expansion of its product portfolio and added new products to its range of baby food, NaturNes Bio NutriPuffs. Similarly, in July 2019, Kimberly Clark Corporation announced its new diapers made from plant-based materials for providing extra care to the sensitive skin of the babies.

ABOUT THE AUTHOR:

Rachit Gulati is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from automation to food and beverages, with a special knack for automotive and healthcare. With the addition of his formal education in Economics, Commerce, and Finance, he is able to provide more light on the macro aspects of the story. To read more articles by him, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.

The rising outbreaks of deadly diseases coupled with the growing health concerns regarding the use of hand sanitizers are the prime factors that are significantly driving the hand sanitizer market growth in the coming years. Furthermore, the rising prevalence of communicable diseases is also projected to bolster the hand sanitizer market growth during the next five years. The awareness regarding well-maintained hygiene is gaining a lot of traction these days and the burgeoning adoption of convenience products is also driving the demand for hand sanitizers, as sanitizers are considered more convenient than hand washes. This, in turn, is booming the use of hand sanitizers and adding up to the market growth during the next five years. Hand Sanitizers are liquids that are used for decreasing infectious agents especially on the hands. These are alcoholic formulations that are expected to be more efficient over soaps which are leading to the growing importance of sanitizers across the globe.

The expansion of distribution channels also plays an important role in booming the hand sanitizer market growth around the globe as the rising internet penetration is leading to a notable growth of the e-commerce business and shifting consumer preferences towards online shopping is also propelling the growth opportunities for the market to surge throughout the forecast period and beyond.

Rapid disease outbreaks are boosting the demand

The growing number of communicable diseases is one of the major factors which is propelling the adoption of hand sanitizers and boosting the market growth. Furthermore, the recent outbreaks of deadly diseases such as COVID-19 (Coronavirus) is leading to the growing government focus towards the promotion of hand care and hand hygiene products, primarily with an aim to mitigate the health issues and spread the awareness are some of the factors positively impacting the market growth during the coming years. For instance, according to the reports from the WHO, the total positive COVID cases in Italy increased to 181,228 as of 21^st April 2020 from just 47,021 on 21^st March 2020. Also, the growing number of cases around the world is further instigating the demand for hand sanitizers due to continuously growing awareness regarding its uses and benefits. In addition, organizations like the FDA and WHO are taking various initiatives to promote the use of hand sanitizers, especially in the underdeveloped economies where good healthcare facilities and treatments are not available.

Gel type to hold a notable share

On the basis of product type, the global hand sanitizer market has been classified into gel, foam, spray, and others. The market for gel type hand sanitizers is anticipated to hold a notable share in the market on account of ease of availability and higher convenience offered by gel-based sanitizers.

The foam segment is projected to grow at a decent rare owing to the rising adoption of foam-based hand sanitizers in the coming years as foam-based sanitizers are considered more reliable due to the longevity after its application on the hands.

Online sales projected to show robust growth

On the basis of the distribution channel, the global hand sanitizer market has been segmented on the basis of online and offline. The offline segment has been further classified into departmental stores, pharmacy stores, and others. The online distribution channels are projected to grow at a notable rate throughout the forecast period owing to shifting h preferences towards online shopping. In addition, the rising penetration of various online platforms particularly focused on pharmaceutical and health and wellness products is also supporting the growth of this segment over the coming years.

The offline segment is projected to hold a noteworthy share owing to the fact that still, a large proportion of the population prefers offline shopping due to personal touch. The growing number of hypermarkets and supermarkets in the developing economies is also supporting the share of this segment over the next five years.

Asia Pacific to show robust growth

On the basis of region, the global hand sanitizer market has been segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. The Asia Pacific region is projected to show notable growth over the forecast period due to the growing healthcare sector in the major developing countries of the region such as India, China, and Indonesia among others. Furthermore, the recent outbreak of COVID-19 also supports market growth in the APAC region. North America is projected to hold a significant share as hygiene maintenance is one of the top priorities of the people in this region. Furthermore, the presence of key players in the market also supports the market share of the region during the next five years. Similarly, the recent outbreak of coronavirus along with its growing intensity is one of the major factors which is projected to drive the hand sanitizer market growth across every region for the coming years.

Competitive scenario

The growing investments by key market players as well as small players in the market in the form of R&D for developing new products and expanding the product portfolio along with facility expansions in order boost the production to cater to the rising market demand also shows the potential for the market to surge during the next five years. For instance, in April 2020, Zydus Group, India’s leading one of the leading pharmaceutical companies announced the launch of its new business segment of hand sanitizers under the brand, Nycil. Furthermore, in March 2020, the University of Rhode Island Pharmaceutical Development Institute announced that they have started the production of hand sanitizers with an aim to meet the growing demand of hand sanitizers and help to reduce the spread of COVID-19. Similarly in Bangladesh, a state-owned company, Carew & Co announced an expansion on the production of hand sanitizers as the demand is growing at a high pace.