N95 Masks Production Is Set to Soar in Between the Novel Coronavirus Pandemic Situation

N95 respirators are considered as one of the types of personal protective equipment (PPE) which aids in providing protection to the wearer from airborne particles and liquid or infectious droplets from contaminating the face. The N95 respirators are regulated by the Centers for Disease Control and Prevention, CDC; National Institute for Occupational Safety and Health (NIOSH), and Occupational Safety and Health Administration, OSHA. Following is the breakdown of the N95 mask:

  1. N refers to a Respirator Rating Letter Class which stands for “Non-Oil”, this means that if there is no presence of oil-based particulates, a wearer can utilize the mask in the work environment. While on the other hand, the other masks available are found with mask ratings as R meaning resistant to oil for 8 hours and as P meaning oil-proof.
  2. 95 means that the mask has an efficiency equivalent to 95 percent. Similarly masks with 99 is known to have an efficiency of 99%.
  3. 0.3 microns is the ability of the N95 mask to filter out dust, mists, and fumes with a size of 0.3 microns, hence, large droplets greater than 0.3 microns will not be able to pass through the barrier, fueling the high market demand, especially for COVID-19 healthcare workers as per the current pandemic scenario.
  4. The mask material for particle filtration comprises an electrostatic non-woven polypropylene fiber.
  5. The valve on the mask, which is present on some masks, while the disposable N95 masks come without exhalation valves. The presence of the exhalation valve provides convenience in breathing, reducing exhalation resistance.

The prevalence of respiratory diseases is further augmenting the market demand at the global level

The prevalence of acute respiratory infections is projected to propagate the global N95 mask market growth. This is due to the fact that these provide protection against infections due to droplets. The occurrence of epidemic and pandemic situations is further propelling the market demand at present and in the future, especially for the healthcare workers who are in close contact with the affected patients. The current COVID-19 outbreak has surged the demand for N95 face masks in 2020, however, excessive utilization has resulted in the shortage of supplies as well.

Apart from handwashing, as in the current COVID scenario, these face masks hold importance as an effective tool in curbing infectious diseases. Companies provide a range of masks to prevent the spread of respiratory infections which are quite prevalent worldwide. In the case of proper utilization, face masks prevent the further transmission of disease particles.

However, in the case of an epidemic or a pandemic situation, it has been noticed that outside a hospital environment, the effectiveness of face masks in preventing the spread of airborne or droplet infectious diseases in a general population is highly diminished. This is due to the improper utilization and lack of user compliance. One of the examples includes, an Australian study showed that the willingness to use face masks was the lowest for handling influenza pandemic. Another Australian study concluded that adherence to wearing face masks reduced risks for influenza-like infections and it was found that less than 50% of the study participants wore face masks regularly (source: National Institutes of Health, 2014). Hence, infection prevention face masks like N95 masks are useful in the infection transmission among individuals and contribute to a low infection rate.

 

n95 mask market

 

The use of a medical mask is recommended for healthcare workers who are in direct contact with patients, especially diagnosed with infectious diseases. Hence, the utilization of medical masks as routine practice by the healthcare workers and healthcare professionals in a clinical setting to prevent infections is projected to fuel market growth.

Furthermore, with growing concerns regarding prevention against infectious diseases, the N95 mask market is projected to proliferate in the current and in the future.

Moreover, strict guidelines laid by big healthcare organizations such as the World Health Organization for the utilization of personal protective equipment is also propelling the market demand. Also, with the outbreak of new coronavirus infection, WHO recommends the rational use of PPE which includes medical masks as well by the healthcare workers. At present, the organization stresses the use of medical masks for healthcare workers on a priority basis due to the medical mask shortage owing to the pandemic exigency. All the healthcare workers are recommended to wear medical masks when entering a room where patients suspected or confirmed with COVID-19 infection are hospitalized.

Expedited production of N95 masks due to the novel coronavirus pandemic scenario is burgeoning the market growth

The United States Department of Defense, DoD in collaboration with the Department of Health and Human Services in May 2020 announced the signing of a deal of USD126 million contract award with the 3M company for the enhanced production of the 26 million N95 medical-grade masks every month, from October 2020. It is further predicted that the increased production of these masks which is led by the Department’s Joint Acquisition Task Force, JATF, and funded by the CARES Act will contribute to continuing in ensuring a sustainable supply chain of N95 masks in addition to resupplying of the Strategic National Stockpile in response to the accelerated national demand as a result of new coronavirus pandemic. The DoD remains in close partnership with FEMA and HHS and is offering around USD800 million in lifesaving supplies and equipment to the service members and government organizations in the country’s whole-of-government approach to the COVID-19 pandemic. The 3M company is poised to design, procure, and implement the essential production facilities and equipment for increasing the existing delivery schedule in addition to expediting the N95 respirator production by over 300 million per year within the next twelve months. In response to meeting the enhanced production capacity, the company has planned to expand its facility in Aberdeen S.D. and will also start the initial production in Wisconsin. The company has already placed orders for raw materials and two new manufacturing units. Such efforts by companies manufacturing N95 respirators on a large scale would strengthen the market growth in the healthcare sector along with the generation of high revenues.

In the United States, as per CDC data, the total cumulative hospitalization rate due to the COVID-19 pandemic since 1st March 2020 is 67.9 per 100,000, the hospitalization rates are updated on a weekly basis. On 22nd May 2020, the highest rate of hospitalization was reported to be 214.4 per 100,000 individuals among the individuals aged 65 years and above, and among the age group between 50-64 years, the hospitalization rate recorded was 105.9 per 100,000 individuals.

How Usage Based Insurance Is Redefining Auto Insurance?

Usage-based Insurance is a fairly new trend in the market and going by the attraction for industry players it is getting, a good growth of this market is expected over the forecast period. Usage-based insurance (UBI) is sometimes also referred to as pay-as-you-go or pay-as-you-drive insurance both by customers and insurance providers. Pay-per-mile is also a way to see this type of vehicle insurance which takes into account parameters like distance traveled by a vehicle, the type of terrain it is driven in, and how well it is driven. Depending on the program, an auto insurer plans to opt, telematics units can collect data based on many other parameters and feed it into the insurers’ systems.

Telematics devices can either be tethered or be embedded into the vehicle which is to be monitored, and collect every bit of information ranging from how a driver is accelerating or braking while driving, how high is his/her control over the steering wheel, where he/she is driving and/or for how long a driver is behind the wheel. Telematics units send this data to respective insurers, who, with the help of advanced systems, keep analyzing these data sets to charge best possible premium from customers. For instance, companies track the number of miles a vehicle is driven and decide premium for customers under their pay-as-you-go or pay-per-mile insurance program. Every time a driver reaches a specified increment in distance travelled, the insurance company charges some amount. This means that people who do not take their vehicle out on road very often can get better discounts than other customers since their vehicle is prone to lesser risks on road as compared to that of other people.

Some companies can choose to continuously monitor the driving behavior of customers over their insurance cycle, and reward drivers with good risk profile by giving them lucrative discounts on their premiums. Some very extensive usage-based insurance policies also monitor and take into account how frequently and how hard a driver hits the accelerator or brake pedal. A good number of benefits of using telematics in vehicles are pushing people towards them. For instance, ability of some telematics devices to automatically call emergency services in the event of an accident, and provide them with accurate location and other vital information about the vehicle, has been proven life-saving by many customers. The increase in the demand for vehicle telematics solutions is evident from the solid growth of vehicle analytics market.

usage based insurance market

 

According to a report from Knowledge Sourcing Intelligence, LLP, the global market for vehicle analytics software and services was valued at US$24.214 billion in 2019, and is expected to grow at a CAGR of 14.31% over the forecast period (2020 to 2025) to reach a total market size of US$54.019 billion in the final year. According to the report, North America and Europe together account for the largest market share on account of availability of state-of-the-art infrastructure which supports the adoption of these solutions across these regions. Since UBI relies on telematics systems embedded or tethered in a vehicle, increasing adoption of these solutions will continue to drive with it the growth of Usage Based Insurance Market.

The usage based insurance market growth is also attributed to higher efficiency, telematics solutions add to the overall process of making claims, for both customers and insurers. In a conventional setting, the overall processing of making claims is fairly complex and time consuming. Since most of the road accident cases miss any independent witnesses, insurance companies have to rely on manual interrogation in order to pull out information required by them for processing such claims. Real time monitoring of vehicle health, coupled with continuous monitoring of driver’s driving behavior, makes it easier for insurance companies to process claims in a very efficient manner, thereby saving them time and money. Many vehicle insurance companies have already adopted this practice and are witnessing great results with its implementation. Allianz, for instance, offers BonusDrive telematics auto insurance as part of its offerings.

The product uses telematics to continuously monitor driving behavior of customers and rewards safe drivers with discounts on their next premium. Another great feature of this offering is its rewarding feature based on miles driven by customers. After every 100 kms driven by a customer, and data transmitted to the insurer, Allianz rewards the customer with a one-time start bonus of 10% along with additional bonus of 30% every year. With average cost of the plan as low as €84 per year, the product offers additional safety features to the customers through a dedicated app.

The company has been showing great interest in this field and we expect some more products from the company to enter the market in the near future. Metromile, another popular car insurance company, is also working rigorously into leveraging the growth potential UBI holds. In 2016, the pay-per-mile insurance company secured a funding of $191.5 million, which the company used in catalyzing its growth in this business. Later, in 2018, the company secured another funding of $90 million from a round led by Tokio Marine Holdings, Inc. and Intact Financial Corporation. Many automakers are also pumping investments into this market in order to capitalize on the growth opportunity which exists across regions. Hyundai, for instance, in April, 2018, entered into an agreement with auto insurer Verisk Analytics, Inc. under which, the automaker will channel data, which its connected car owners agree to sharing, with the insurance company. With this, the automaker became the third OEM after General Motors and American Honda Motor Co., Inc. to implement this strategy. Although many countries still do not have the infrastructure required for adopting this practice, huge investments are being made by many governments and enterprises into integration of technology into infrastructure. The key players in the market are investing heavily into development of advanced solutions in order to offer improved and new products to customers across regions. As market players continue to expand their global footprints by implementing this strategy, a very solid market growth is expected over the projected period.

Chain Drives – An Integral Part of Industries

Chain drives are is the mechanical system that uses various types of chains for their applications to transmit the power or movement of heavy loads. These drives have the ability to operate smoothly at considerably higher temperatures and can withstand operating with chemicals and under abrasive conditions further making them suitable for numerous end-user industries including construction, oil and gas, automotive, and agriculture among others. Significant growth of these industries is anticipated to be a key factor bolstering the global chain drives market growth during the next five years. Furthermore, the application of chain drives further does not incur any loss of power and are considered more efficient than belt drives making them suitable for various high-speed manufacturing activities.

The global chain drives market is projected to show decent growth over the course of the next five years. The major factors that are supporting the growth of the market include a rapid increase in the manufacturing and construction activities around the globe on account of urbanization and rapid industrialization. Furthermore, booming initiatives towards infrastructural development in many developing economies is further driving the demand for chain drives for lifting and shifting of heavy loads, thereby positively impacting the market growth during the coming years.

Furthermore, the inclination of industries towards industrial automation is also anticipated to be a major factor augmenting the opportunities for the global chain drives the market to grow in the near future.

However, the market may be restrained by the fact that the recent outbreak of the novel coronavirus disease has led a halt in the industrial activities in major countries as numerous government measures have further led to a temporary shut down in the operations of major end-user industries such as automotive and construction among others. This, in turn is projected to inhibit the demand for these solutions or systems during the period on the next eight to ten months and thereby moderately hamper the market growth.

chain drives market

 

Growing automation across the industries

One of the major factors driving the global chain drives market growth is the growing adoption of automation solutions across the various industries including manufacturing, automotive, and food and beverage among others. The primary application of these drives is for handling the materials across these industries. A rapid adoption of automation solutions will further positively impact the demands for chain drives and thereby add up to the market growth.  As the global industry scenario is getting complicated and is urging the industries to increase their efficiency, reduce their overall operational costs, and decrease the time requires to complete a process. There is a burgeoning demand for various automation solutions from various industries in order to maximize their productivity, increase profits and gain a competitive edge over the other players, thus driving the growth of the market over the forecast period. In addition, the burgeoning demand from the electronics industry in China and the automobile industry in counties of the Asia Pacific region like India coupled with evolving industries of other regions is bolstering the demand further over the forecast period.

Industry 4.0 is the trend towards industrial automation involving various solutions and systems among other technologies related to manufacturing and other industries. These drives hold the potential to enhance the production and performance of different industries such as automotive, manufacturing among others owing to the fact that they can aid in smooth manufacturing, reducing costs, and increasing operational efficiency. Moreover, the booming initiatives by the government of various developing countries towards the adoption of Industry 4.0 with an aim towards the preparation of a globally competitive industry is also driving the demand for various automation solutions for the improvement of the operational efficiencies of the industries is also considered to be a major factor opportunity for the market to surge in the near future. For example, in April 2018, The Ministry of Industry Indonesia launched the ”Making Indonesia 4.0”, an initiative in order to accelerate the growth of the five major focus sectors mentioned in this initiative which are automotive, food and drinks, textile, electronics, and chemicals. This initiative was launched in order to boost the country’s global position and to measure and asses the progress, the index “INDI 4.0” was launched. Similarly, in Germany, the megatrend of smart manufacturing i.e. the Industrie 4.0 is also one of the major factors considered to propel the market for chain drives as the growth of smart manufacturing is anticipated to augment the demand for these systems.

Asia Pacific to hold a noteworthy share

Geographically, the global chain drives market has been segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific. The Asia Pacific region is projected to hold a notable share in the global market owing to the presence of a vast manufacturing base in major countries like India, China, and Vietnam among others. The impressive economic growth and government initiatives towards uplifting the infrastructure in the developing economies of the region is also considered to be a major factor bolstering the chain drives the market growth in the APAC region. North America and Europe will further show robust growth owing to the high adoption of automation solutions in the industries across these regions coupled with the rapid integration of Industry 4.0 in countries like the United States and Germany among others.

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.

Case Packers – Automation Solutions for Secondary Packaging

Case Packers refers to those machines that are used for the secondary packaging of the products. Case packaging is that type of packaging the help in keeping the goods safe while transportation as well as throughout the duration of storage. The market for case packers is projected to show healthy growth over the course of the next five years owing to the significant increase in the demand for various goods across the end-user industries that include pharmaceuticals, food, and beverage, cosmetics among others. Additionally, the booming FMCG industry is considered to be a major factor anticipated to propel the case packers market growth during the next five years. A decent increase in the manufacturing activities across the various end-user industries is also bolstering the market growth during the coming years.

However, the recent outbreak of the deadly COVID-19 disease is anticipated to be a major factor hampering the market growth during the short run as various government measures to halt the manufacturing activities in some industries is expected to reduce the demand for packaging solutions. On the other hand, the booming activities in the pharmaceutical and food & beverage industries due to decent growth in the demand during the advent of the pandemic is projected to propel the opportunities for the market to grow during the period of next six to eight months.

Growth of industries is significantly driving the demand

The major factor propelling the case packers market growth include significant growth in the manufacturing activities across the numerous industries and majorly across the pharmaceutical and F&B sector. Furthermore, the booming demand for consumer goods on account of the growing population, rising disposable income and the growing middle-class population throughout the globe is also projected to be a major driver for the market to grow during the next five years. The revolution of food packaging in terms of shape, sizes, and end-uses is also considered to drive the market growth for the food and beverage industry in the coming years.

A decent increase in household spending along with the disposable income in the developing economies like Brazil, China, and India among others is projected to drive the demand for packed food and beverages during the forecast period. According to the Organisation for Economic Co-operation and Development, household spending in China has increased from USD 2,666,514 million in 2005 to USD 7,648,476 million in 2015. Furthermore, the rising number of supermarket companies around the globe is also supporting the growing demand for packed food products, which is also anticipated to positively impact market growth during the forecast period.

case packers market

Furthermore, the burgeoning requirements for reliable and speedy packaging solutions that offer product protection, quality, tamper evidence, and the security needs of the pharmaceutical sector is also positively impacting the demand. Growing healthcare and pharmaceutical industry is the major driving factor that is boosting the case packers market growth. Furthermore, the investments by major pharma companies in order to expand the production capacities and enhance the product portfolio is also expected to augment the packaging requirements by the companies and thereby propelling the demand for case packers and adding up to the market growth significantly. For instance, in October 2018, Merck announced an investment of around €63 million as a part of its €1 billionup to 2020 with an aim to transform its dedicated packaging and shipping site for the medicines of the company in Darmstadt. Furthermore, the rapid urbanization and the globally growing population are some of the key factors bolstering the demand for consumer goods, thus augmenting the opportunities for the case packers market to grow in the coming years. Additionally, the rising government initiatives to boost the manufacturing across these industries is also projected to supplement the packaging solutions requirements, thereby widening up the opportunities for the market to grow in the near future.

In addition, the rapid integration of AI-enabled solutions across the packaging industry and the technological innovations in the market has led to a launch of various new and innovative solutions by the key players of the case packers market, which also shows the potential for the market to grow throughout the forecast period.

Competitive Scenario

The increasing investments by the major players in the case packers market in the form of facility expansions, R&D, development of new products, partnerships, and acquisitions, for capturing a greater market share further shows the potential for the market to grow in the near future. For instance, in February 2020, Brenton LLC announced the launch of its new and latest case-packaging technology at the Pack Expo East, the M2000. Similarly, in January 2020, Bosch Packaging Technology presented itself with a separated identity and as in independent enterprise with a new name Syntegon Technology. The company aimed to enhance its focus on intelligent and sustainable technologies and expand its product offerings. Furthermore, in August 2019, Edson Packaging Machinery Ltd, introduced its latest offering, the new Compact Case Packer 3600C for the away from home towel and tissue industry. Also, in September 2018, Combi Packaging Systems announced the completion of their new 156,000 square feet large facility to meet the requirements of their growing business.

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.

Probiotics – Essentials for a Healthy Life

Probiotics are those microorganisms that include bacteria or yeast that are considered highly beneficial to human beings by maintaining gut health and intestinal inflammation. These help in strengthening the immune system of humans when consumed in adequate amounts. Additionally, the consumption of probiotics further leads to improvement in bowel functions, intestinal tracts, and digestion-related disorders which is also a major factor driving its consumption throughout the globe. The major factors that are leading towards the high consumption of probiotics include the growing health concerns regarding the benefits on the consumption of probiotics along with inclining focus of the people towards a relation between diet and health.

The market is also driven by the fact that there is a changing food pattern consumption which has led to numerous diseases regarding bowel functioning, improper digestion which in turn, is significantly driving the demand for probiotics especially in the developed countries as the people in the developed regions are highly concerned about their healthy lifestyle. Furthermore, the changing lifestyle of the people in the developing economies due to the growing disposable incomes has also led to an increase in the consumption of numerous dietary products which is also propelling the probiotics market growth during the coming years. There is a high demand for various supplements and dietary food among the millennials due to the increasing fitness goals for a healthy lifestyle is also anticipated to drive the market growth for probiotics for their applications in numerous food and beverages.

Increasing population

The demand for probiotics is directly proportional to the increasing population across all regions. According to the United Nations Department of Economic and Social Affairs, the total global population is expected to reach around 9.7 billion in 2050. The growth in probiotics supplements market will be significant with the increasing population owing as the increasing awareness regarding the health among the younger generation is leading to high consumption of various dietary products out of which probiotics based food, beverages and supplements form are also considered an integral part, thereby positively impacting its demand over the forecast period.

Increasing consumer awareness and knowledge about different types of dietary foods and beverages is significantly forwarding the probiotics market growth. Immunity system related benefits are one of the dominating attributes consumers generally associate with probiotics, followed by maintaining a healthy digestive system and healthy bowel functioning. Consumers generally connect supplements and dietary foods to various benefit areas which include increasing muscle recovery after exercise, healthy aging, and weight loss and satisfaction.

Segment Analysis

The probiotics market has been segmented into application, end-user, ingredients, function, type, and geography. On the basis of application, the market has been segmented into functional food and beverages. On the basis of end-user, the classification is done on the basis of human probiotics and animal probiotics. By ingredients, the segmentation has been done on the basis of bacteria and yeast. By function, the market is segmented into regular, preventative healthcare and therapeutic. On the basis of type, the probiotics market has been segmented into lactobacillus, streptococcus, bifidobacterium, spore formers, and others. Geographically, the market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific.

By application, the dietary supplements segment is projected to show a notable growth during the next five years primarily on the account of rising health concerns regarding health and fitness among the millennials. The functional food and beverage segment is anticipated to hold a significant share in the market during the forecast period on account of the growing consumption of processed food and poor eating habits of the people, especially in the underdeveloped economies.

By the end-user, the animal feed segment is projected to show a robust growth owing to the rising consumption of meat in developing economies which has further facilitated the need for the proper health of animals, thereby positively impacting the growth of this segment during the coming years. Also, the outbreaks of various diseases in animals is anticipated to propel the adoption of probiotics with an aim to keep the animals healthy.

Geographically, North America and Europe are projected to hold a considerable share in the market due to the presence of high health concerned population in these regions. Also, the presence of key players of the market in the region also supports the market growth during the next five years. The market in the Asia Pacific region is projected to witness decent growth due to the growing aging population in countries like Japan and China along with significant growth in the diet-conscious population across the countries of the APAC region.

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, recently in May 2020, Ancient Nutrition announced the launch of its new line of SBO Probiotics with unique offerings. Similarly, in September 2019, Yakult, a globally known leading company in the field of probiotics announced its plans to expand the sales of its drink Yakult Gold for the Middle East region.

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.

Electric Vehicle Telematics – A Versatile Technology for Automobiles

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.

electric vehicle telematics

 

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.

Application Performance Management – An Essential Tool?

Application Performance Management is a method or procedure that is used for monitoring and managing the performance and the availability of software applications effectively. It is able to detect and diagnose the different and complex problems that are encountered in the performance during the operation of applications in order to maintain an expected level of service. AS the applications are becoming difficult to manage due to the movement towards highly distribute, multi-tier and multi-element constructs are relying on application development frameworks such as .NET or Java. The APM framework has been designed and developed in order to understand the APM Model completely and effectively. The basic dimensions that form a part of this model are End-user experience, which is a primary rea, The Runtime Application architecture, which is referred to as the secondary area, Business transaction, which is a primary area, Deep dive component monitoring, which is a secondary component and the final area is the Analytics/reporting which is a primary component.

There are some of the challenges that are faced while the deployment and the implementation of the Application Performance Management which are, the difficulty to instrument an application in order to facilitate the monitoring application performance, especially among the components of the application. The other one is the possibility of virtualizing the applications, which can increase the variability of the measurements. However, these challenges can be tackled by taking significant measures. The first challenge can be solved by making use of the ASM (application service managemtns0as it is able to provide an application-centric approach, where new the key objectives are business service performance visibility. The second aspect is among one of the major problems, as this aspect is present in the distributed, virtual, and cloud-based applications as these elements and components are no longer hosted on a single machine.

Automotive Refrigerants Market

Application Performance Management Market Trends

  • The penetration of the internet and the availability of high-speed internet services has resulted in the growth in the adoption of mobile and cloud computing services, which is leading to a surge in the demand for application performance management globally. In addition, the rising interest in big data and data analytics solutions in order to manage the exorbitant amounts of data being generated effectively, due to the spike in the usage in internet services by the various end-user industries, which is thereby, causing a spike in the demand for this Information and Communications Technology solution and boosting the market growth.
  • Furthermore, in order the streamline the different process within the industries such the proper logging of information, and management of operations and other important objectives, the trend of using automation solutions is gaining traction at a fast pace, which is resulting in a demand for application performance management software and solutions. This factor is augmenting the market growth further over the forecast period.
  • However, lack of complete, the technical knowledge in how to operate and maintain the products and solutions, coupled with the presence of complex application and UI designs is hampering the market growth

Product Launches, and Offerings by Industry Players in Application Performance Management Market Landscape

Moreover, the industry players are increasingly participating in the market to advance and enhance the application performance management solutions in 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 solutions. Thus, they are involved in product launches and offerings to accelerate the development of the end-user industries, thereby boosting their market position and contributing to increasing the Application Performance Managementmarket size.

  • In November 2019, LogRocket, which is one the companies involved in the provision of computer solutions and products in order to enhance customer experience and the makers of first front-end application performance management software (APM), announced the launch of their new product, which is the first Front-End APM solution called the “LogRocket Metrics”. This product has been specifically developed in order to understand and solve the complex issues and the problems that arise in web applications. The different factors and issues that can be catered to and understood are network requests, JavaScript execution, local resource access, CPU load, and memory usage whether it comes from the back end, CDN layer, internet connectivity, JavaScript performance, client devices, or elsewhere.
  • In October 2019, Unravel Data, which is the only data operations platform that is able to provide a full-stack availability with AI-powered recommendations so as to provide more reliable performance in modern data applications announced the launch of their new product called “Unravel” that is an application performance management solution for the  Google Cloud Dataproc platform. Thus, that makes data workloads on the platform simpler and much cheaper to run. This solution also facilitates improvement in the efficiency of the data teams with extended management capabilities.

Conclusion:

The market scenario presently is bolstering the use and adoption of application performance solutions for carrying out monitoring and analysis of different types of data that is being generated, and which are given utmost importance in the end-user industries and are in turn contributing to the market share it olds. The major use of this tool is owed to the burgeoning demand from the benefits the end-user companies and industries reap, by making use of big data analytics. In addition, the current market trends, are putting a lot of importance the effective management of the large amounts of data being generated in the healthcare industry to maintain the patients records carefully and efficiently, which is going to propel the growth of this industry in the years to come.

Furthermore, the new technologies such as 5G and its integration with this tool or for instance usage of cloud computing with this tool, increases the capabilities it holds and diversifies the various possibilities and applications it can be used for herby, allowing the market to bloom over the next five years. Thus, it will also provide an opportunity to the market player to strengthen their market position and cater to the demand globally. These factors will also play a major role in attracting different new players with improved solutions and contribute to the market positively, adding to its promising growth.

Data Brokers – Friend or Foe

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

 

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 26th 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. 

Smart Greenhouse – A Rising Trend in Indoor Farming Practices

Smart Greenhouse is a type of greenhouse that consists of a self-regulating, micro-climate controlled environment that is required for facilitating optimal plant growth. There are various conditions that need to be regulated within the smart greenhouse which so as to ensure optimal plant growth. These include a specific temperature that needs to be maintained inside the greenhouse, the humidity level, the moisture content if the soil s, which should be in perfect balance, and the intensity of the light or the amount of light required, which is also called luminosity. Consequently, there are different types of required sensors and components to facilitate the optimal setting and surveillance of these conditions that are temperature sensors, humidity sensors, luminescence sensors, and LED panels among other components.

There are various actuators and sensors that are used in the architecture smart greenhouse, which are connected to the Intel Edison or other software-based microcontrollers. The microcontrollers here are used in order to send the data collected and reive the commands from a data center that is hosted in a cloud service, such as AWS Cloud (Amazon Web Service). In addition, the users are free to interact with the Smart Greenhouse through a dashboard application. Voice commands can also be used as the different functions and operations in the greenhouse. There are some of the components that are essential to the architecture of the smart greenhouse, which includes Connected Greenhouse with Sensors and Actuators, Control Center, and User Interaction Devices.

Smart Greenhouse Market Trends

There has been a rise in the number of agricultural activities in order to increase the number of fruits and vegetables cultivated due to the burgeoning demand for the food and beverages owing to the increasing spending power of the individuals, which is attributed to their increasing disposable incomes. In addition, there has been increasing the number of awareness among farmers regarding the worsening conditions of soil, temperature, and humidity due to the climate change being caused by global warming, thus encouraging farmers to practice indoor farming, which has options to control different essential conditions. Thus, this increases the demand for smart farming solutions and boosting the smart greenhouse market growth over the forecast period.

 

 

The demand for smart greenhouses is attributed on account of improvement in overall productivity and the trend towards organic farming. Moreover, the presence of favorable government policies aimed at integrating Information and Technology based solutions with the agriculture industry will further boost the demand for these greenhouses and are contributing to increasing the smart greenhouses market size.

However, as a high initial cost for setting up a smart greenhouse, including the costs involved in the integration of IoT solutions and the maintenance costs associated as a hindering factor in the market growth.

Product Launches, Projects, and Partnerships by Market Players in Smart Greenhouse Market

Moreover, the market players are increasingly participating in the market to advance and enhance the products related to the smart greenhouses by integrating the latest technologies and encouraging the use of such products among the individuals interested in organic farming and indoor farming. Thus, they are involved in acquisitions, product launches, and projects in order to accelerate the development of the agricultural sector, thereby boosting their market position and contributing to increasing the smart greenhouse market size. For example, in December 2019, Integrated Systems Technology Service, which is a company dealing in the provision of service controls and automation, bases in New Mexico, announced that they have launched an updated version of their greenhouse centralized control systems and smart automation solutions in order to cater to the clients working in the agriculture sectors. The company provides solutions to different end-users including industrial, commercial, and residential in different US states. In March 2019, The Department of Agriculture announced that they have entered into a partnership with the Korea International Cooperation Agency (KOICA) and Korea Agency of Education in order to launch their Promotion and Information Service (EPIS).

This service is a smart service that is able to enhance the productivity and the production of high-quality tomatoes and is located in a compound at the Bureau of Plant Industry, which lies in the Guisad Valley. Their Smart Greenhouse Philippines Project has an estimated cost of around P122.29M, with the major share of 70% being held by the Government of Korea through KOICA and the reaming share through different private companies, based in Korea. In addition, there are a total of 8 greenhouses present inside the smart farming facility. In June 2019, KUBO, one of the leading companies involved in the provision of green technology solutions announced that they are launching there new project called the PYLOT. Under this project, a data platform that is related to horticulture is being launched and the plan combines studies and insights into the data flow in the greenhouses. It is able to read the data produced from different sources. In addition, another data platform is being launched that is able to collate all the greenhouse data such as information about heat, light, temperature, feed, energy, crop growth, and performance, which can be used in order to improve the harvest cycle and harvest plans. The information collected is sent to be stored in the cloud. Consequently, making the greenhouse operations and processes easier for growers or entrepreneurs.

Conclusion:

Currently, a different type of smart greenhouse solutions for use as crop growth and crop prices enhancers 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 agricultural industry as well as the organic farmers.  With respect to current market trends, it is anticipated that the integration of AI and the application of 5G networks and better cloud storage and cloud computing features will allow smart greenhouses to flourish even more in the upcoming years with demand being generated owing to the rising awareness for controlled condition farming and organic agriculture. There is a growing need for a well-cultivated and good-quality fruits and vegetables. 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 smart greenhouses. Thus, the market will remain competitive in the upcoming years and it is projected to show modest growth in the upcoming years. 

Face Masks – The Skincare Fad Storming the Cosmetics Industry

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.

face mask market

 

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.