MiFID2 And PSD2 Regulations To Make Way For New Possibilities

Over the last two quarters, enterprises across Europe have seen a few EU regulations entering into force which are expected to shape their business growth to an uncertain degree. The three most impactful regulations that came into effect were MiFID2 (Markets in Financial Instruments Directive), PSD2 (Payment Services Directive) and GDPR (General Data Protection Regulation). While the main motive of GDPR is to ensure privacy and security of people’s sensitive data by giving them better control over it, MiFID2 and PSD2 are anticipated to shape the Banking and Financial Services sector in that region. The PSD2 directive has opened the European BFSI industry to new players, thus increasing the competition among the institutions and the range of solutions and services for the customers.

This directive is expected to give a push to this industry in Europe as more investments will stream into it from companies who seek to tap the potential this market now holds. Various third-party banking service providers can be expected to enter this market over the next couple of years as the directive allows customers to use their services while the integrity, privacy, and security of their information are taken care of by both the bank and the service provider. As this regulation applies not only to banks but also to fintech companies, we can expect to see higher levels of regulated cooperation between the players in this industry, which will propel the growth of the overall BFSI sector.

In conjunction with this, the MiFID2 directive aims at facilitating cross-border investment services in this region by eliminating many of the trade barriers. As this directive lays significant emphasis on enhancing the transparency between the customers and the banking and financial institutions, there will be an increased adoption of a wider range of services by the customers, which will further propel the growth of the European BFSI industry.

Since these directives are still in the process of shaping the existing environment in the European BFSI industry, we are yet to see how things unfold in the future. Refer to our reports to get a clearer insight into the aligned markets and to know the real impact of these directives on the global level.

3D Printing : Revolutionising Healthcare

Medical applications of the 3D printing are expanding, thus, revolutionizing the healthcare. 3D bioprinting includes 3D printing techniques to combine cells, growth factors, and biomaterials to fabricate biomedical parts that can imitate natural tissue characteristics to the maximum extent. The technology is ushering in an era of efficiency, cost-effectiveness, and convenience in the healthcare industry.

With the severe need of tissues and organs for transplantation around the world, medical technology is now harnessing 3D printing and tissue engineering and building tiny organs, or “organoids” which will be able to grow inside the body in case an organ such as a kidney or liver fails. Similarly, research is going on to produce the 3D bioprinter prototype that can produce human skin that can have life-changing implications for burn victims. Also, the cost-effectiveness of the transplant using such would be of great consideration. For instance, kidney transplant as of now costs around $3,30,300 which is made using 3D printing will retail around $10,000, bringing down the overall procedure cost. Thus the development of these organs or organoids would provide a step forward in the area of organ implants. 

Not only in the tissue engineering and transplant, the technology will also provide a new level of precision to pharmacologists by designing pills and capsules which can house multiple drugs at once, each with different release times called “polypill concept” and has already been shown positive results in the patients suffering from diabetes. 

Thus, with precision, speed, efficiency, and cost-effectiveness may prove to the kind of innovation that may open huge possibilities in the field of medicine.

South America Material Handling Market to cross $7 billion by 2022

Knowledge Sourcing Intelligence announces the publication of a new report on “South America Material Handling Market – Forecasts from 2016 to 2021 " report to their offering.

Material Handling is an integral part of the supply chain of diverse industries for storage, control, and movement of items from raw material stage to the distribution of finished products. Growing need for global production companies to automate their business processes and improve upon the supply chain driving the demand for material handling solutions.

The material handling is categories in the following types:

  • Manual material handling
  • Semi-automated material handling
  • Automated material handling

This report provides forecast and analysis of the South American Material Handling Market which was valued US$5.173 billion in the year 2015 and is projected to grow to US$6.816 billion by 2021, at a CAGR of 4.70% over the forecast period. Rising demand for staples, due to rapid urbanization and population growth in the region is one of the factors boosting the demand for material handling solutions. The increase in labor cost and an upswing in manufacturing and construction activity are other factors contributing to the growth of this market.

This report segmented the South American material handling on the basis following:

By Products

  • Automated guided vehicles
  • Automated storage and retrieval systems
  • Trucks and lifts
  • Cranes
  • Conveying systems
  • Hoists
  • Others

By Application

  • Warehousing And Distribution
  • Airport Baggage Handling
  • Bulk Handling
  • Postal and Parcel Delivery
  • Assembly
  • Packaging

By Industry Vertical

  • Manufacturing
  • Healthcare
  • Chemical
  • Paper
  • Food and beverage
  • Warehousing
  • Others

By Geography

  • Brazil
  • Argentina
  • Others

Toyota, BEUMER Group, KION, Daifuku, and Linde Material Handling are some of the companies profiled as part of the report.

About Knowledge Sourcing Intelligence

Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us helps companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

Contact:

Knowledge Sourcing Intelligence LLP
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Cosmetic Chemicals – Natural Ingredients is the way forward!

Cosmetic Chemicals – The term is used for the ingredients found in the cosmetics products to prevent microbial growth. These ingredients help in increasing shelf-life of the products due to presence of various preservatives while enhancing the appearance of the user. The demand for cosmetic products is surging across the globe on account of rising disposable income, changing consumer buying behavior and efficient packaging being some of the key factors driving the Global Cosmetic market. Cosmetic product manufacturers are also investing in understanding the consumer buying pattern and selecting the appropriate target audience for their offerings. To meet this objective, there has been upswing in research and development and marketing budgets to find the ideal chemical composition to manufacture a marketable product. This has swelled the demand for cosmetic chemicals, the market of which is expected to witness compound annual growth rate of 4.03% over the next five years.
 
Huge demand for cosmetic products is arising from the Asia Pacific region, which will likely experience exponential growth due to the presence of some of the world's fastest growing economies, burgeoning population, rising disposable income and more purchasing power of the consumers. Entry of some of the world's biggest cosmetic manufacturers like L'Oreal, Unilever, Proctor and Gamble and several others has further contributed to this trend. Though Europe and North American region and will continue to dominate the market, developing economies will present key opportunities for the cosmetic product players. 
 
 
 
 
Asia Pacific Cosmetic Market      
 
Source: Knowledge Sourcing Intelligence
 
The market for cosmetics has been continuously evolving. There is constant need for the cosmetic manufacturers to track this trend and expand their product lines to remain competitive. The products which were mainly focused towards women appearance have been overtaken by the evolving preferences of men. Similarly, the demand from the older population for anti-ageing creams, lotions and other products are also gaining traction. The preferences are not limited to the complete products, but also towards the chemical composition of the same. The awareness about the harmful affects of certain chemicals, government and industry regulations, activism of animal and other right groups are some of the factors which have led to renewed attention towards usage of natural ingredients in the cosmetic products.
 
Asia Pacific is the fastest growing market for natural cosmetic products total sales are expected  to cross US$ 1 billion by the end of 2017. China is the biggest market for these products in the region, while Japan is the second largest market. The different retail channels, smartphone and internet penetration and increasing ad spend by the companies have further provided significant impetus to the market. The region will be key to revenue growth of major and small players, with market expected to become highly competitive over the next 5 years. 
 

About Knowledge Sourcing Intelligence

Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us helps companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

 

Contact:

Knowledge Sourcing Intelligence LLP
Suite 406, BSI Business Park
H-140, Sector 63Noida, U.P. – 201301 India
E: [email protected] | P: +1-866-714-4587

Global Colocation Market to be worth US$55.31 billion by 2021

Knowledge Sourcing Intelligence announces publication of its new report on Global Data Center Colocation Market by Type (Retail and Wholesale Colocation), End Users (Small, Medium and Large Enterprises), Industry Verticals (BFSI, Manufacturing, Healthcare etc.) and Geography. Global Colocation Market is projected to grow ata CAGR of 14.45% over the forecast period to be worth more than US$ 55 billion by the end of 2021. Growing adoption of cloud computing and virtualization solutions is driving this market. Fast growing economies of China and India are expected to witness maximum growth over the forecast period on account of increasing investments in IT infrastructure solutions. 

Asia Pacific to lead the market growth

Asia Pacific region will witness maximum growth over the forecast period at an expected compound annual growth rate of 19.12% from 2015 to 2021, while Americas (North and Latin America region) will clock for more than 40% market share throughout the forecast period. 

This report profiles the most promising players in the Colocation Market including Equinix, Rackspace, Telehouse, Verizon, SoftLayer, Colt Technology Services, Zayo Group, CenturyLink, Coresite Reality Corporation, Internap, Net Data Centers and SingleHop.

About Knowledge Sourcing Intelligence

Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us helps companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

Contact:

Knowledge Sourcing Intelligence LLP
Suite 406, BSI Business Park
H-140, Sector 63Noida, U.P. – 201301 India
E: [email protected] | P: +1-866-714-4587

5G Technology – The Final Piece of the Puzzle in the Connected Infrastructure Revolution

Smartphones have become an indispensable part of human life, with the latest advances in technology focusing to bring about all the possible applications at the palm of the individuals. However, the smartphones have, in fact, began to look like a relatively old innovation and is now merely used as a foundation for the new technological breakthrough, with new innovations aiming to make just about any device –smart and thus, connected to the smartphone. For example, the surge of internet of things has led to development of number of connected devices such as smart TV’s, smart wearable device, smart kitchen appliances, and smart energy saving solutions among others, which has the capability of keeping the individuals always informed while simultaneously providing the owner with the power to control its assets from just about any location and anytime. The advent of smart devices is creating the huge volume of data that is being transmitted and thus is creating a challenge to maintain the process of data transmission smooth. In fact, the total internet traffic in 2016 increased to 26,600 GB per second from 2,000 GB per second in 2007 (Source: Cisco VNI, 2017). This was primarily because of the adoption of 4G technology, which ramped up the data transmission speed and reduced the connection latency compared to the previously available technologies. However, the arrival of the 5G technology is drawing closer with each passing day, with major companies currently testing the viability of the technology and the commercialization of the technology is slated to be in the first half of 2019.  The 5G technology comes with the capability of transmitting data at a speed of 10 Tbps and a density of 1 million nodes per Km², while it is expected to further reduce the connection latency and thus will improve the data transfer rate and allow millions of devices to be connected simultaneously. In fact, the adoption of 5G technology is anticipated to boost the proliferation of connected devices globally as the number of connected devices is projected to increase from 19.24 billion units in 2016 to 85.93 billion units in 2023 with marked growth expected to be observed after 2019.  

 

FIGURE 1:      NUMBER OF CONNECTED DEVICES, IN BILLION UNITS

Simultaneously, the urban planners is also moving towards the development of smart infrastructure as they seek to address the concerns regarding the individual safety, improving air quality, enhancing efficiency in the transportation system, and in general improve the standard of living. Moreover, with the proportion of urban population expected to increase from 54% in 2014 to 66% by 2050, efforts are being made to make the cities more efficient and overcome these challenges. In this regard, the communication system is considered to be of the utmost importance that has the capability of unleashing critical services. Therefore, it is an accepted fact that the development of the smart infrastructure and thus smart cities is heavily dependent on the data transmission speed that allows handling of the large volume of data smoothly, and the commercialization of 5G technology is expected to increase the number of smart cities projects worldwide radically.

There is also widespread research being conducted in the sphere of autonomous vehicles that requires continuous internet connectivity in order to operate, however, the commercial reality of completely autonomous vehicle is believed to be still years away. Simultaneously, the idea of connected cars has been growing, with the number of connected cars rapidly increasing.  Presently, the majority of the connected cars in the market are equipped with level 2 autonomy, which tends to generate approximately 25 GB of data per hour.  The present level of connected features in the vehicles can be managed through the existing data transmission speed, however, the automotive manufacturers are aiming to increase the convenience level for the individuals, and install vehicles with more advanced features. The success of level 3 autonomous vehicles, and such the subsequent levels in the autonomous vehicle, is dependent on the speed with which the data is gathered from different sensors installed in the cars and time taken to respond to the given circumstances. In this aspect, the internet connectivity plays a vital role in terms of the duration of processing speed and 5G technology is projected to significantly improve the scope of the connected and autonomous vehicle in the years to come because of its ability to support vehicle to vehicle and vehicle to infrastructure communication. 

To conclude, the idea of being always connected with the required devices is on the cusp of being realized as more devices aiming to improve the quality of life and convenience to the individuals are being developed. The imminent commercialization of 5G technology is expected to unlock the potential of high speed data transmission that is crucial for the functioning of the connected devices and, therefore, the arrival of 5G technology is, in fact, the final piece of the puzzle that is required to support the revolution of connected infrastructure. 

Intel Corporation, Qualcomm Technologies, Inc., Arm Limited, Microchip Technology Inc., NXP Semiconductors are some of the key players in the IoT Chips Market

According to a new market research report 'IoT Chips Market – Forecasts from 2017 to 2022', published by Knowledge Sourcing Intelligence, is projected to witness a CAGR of 15.95% during the forecast period. The global IoT Chips market has been segmented by application (smart home, wearable, smart city, smart grid, industrial internet, connected car, connected health, and others), by industry (consumer electronics, automotive, agriculture, Infrastructure, retail, healthcare, and others), and by geography (North America, South America, Europe, Middle East and Africa, and Asia-Pacific). The regional segment also covers country-level segmentation of global IoT Chips market. 

Exponentially growing IoT application across the industry verticals is the major factor driving the IoT chip market. Connected devices are being increasingly adopted by various industries. The emergence of connected health, connected car, and connected cities among others are contributing to the IoT chip market growth. Moreover, the reducing cost of chips is another factor driving the demand for these chips over the forecast period. Other drivers include technological advancement in sensors and the availability of more IP address space owing to the adoption of IPV6. Enterprises like Dell and Google among others are increasingly investing in IoT. Thus, developing IoT industry will augment the demand for IoT chips. However, the security issue with IoT might hamper the market growth. 

Consumer electronics and automotive segment accounts for a high market in 2016 dominates the global IoT Chips market throughout the projected period
By industry, consumer electronics accounted for a high market share in 2016 owing to the growth in a number of connected devices. Likewise, the automotive segment also accounted for a significant share and is also expected to grow at a high rate over the projected period. This growth is largely driven by favorable government regulations and policies, especially in Europe and North America region. 

North America accounts for high market share and will grow at a considerate CAGR
Geographically, North America accounted for the biggest market share in 2016 owing to the presence of major players. Early adoption of technology, especially in the United States, and the growing number of connected devices contributes to the regional growth. Many U.S. companies are investing in IoT industry which further propels the North America IoT chip market. 

Competitive Insights
Prominent key market players in Global IoT Chips market include Intel Corporation (USA), Qualcomm Technologies, Inc. (USA), Arm Limited (UK), Microchip Technology Inc. (USA), NXP Semiconductors (Netherlands), Huawei Technologies Co., Ltd. (China), Samsung (South Korea), and NVIDIA Corporation (USA).

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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us help companies to gain required a competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.
 

Contact:

Knowledge Sourcing Intelligence LLP
Suite 406, BSI Business Park
H-140, Sector 63Noida, U.P. – 201301 India
E: [email protected] | P: +1-866-714-4587

Google Stadia: Revolutionizing the gaming industry

During the past few years, the gaming industry has seen multiple improvements and is expanding at a very high pace, and recently, a tech giant has announced its entry into the same. At the 2019 Game Developers Conference, Google unveiled the Google Stadia, their complete cloud-based gaming solution.

So, what is cloud gaming and what is Google’s take on it?

Cloud gaming in its essence provides users with lower-end hardware to play games which they aren’t able to. It utilizes the internet to allow users to use the power of a server dedicated to playing high-end games at the resolution and framerates of the user’s choice. It has only been until recent years that this platform has taken up steam since the older generations of the internet weren’t as fast to maintain low latency and enjoyable performance. Moreover, many of the existing platforms weren’t that financially sound to set up multiple servers or edge nodes in order to further help with the latency problems while gaming.

What Google has done is, that they have extended its already excellent server network to incorporate Stadia into it. They announced at the conference that at the time of the launch of Stadia, Google will already have 7,500 edge nodes available. On top of that, Google was also able to partner with AMD to create a dedicated GPU that has more power than the top two consoles of this generation, the PlayStation 4 Pro and the Xbox One X can offer, combined. Additionally, due to the scale at which Google operates, the service will be able to provide an immersive experience running at true 4k resolution at 60fps.

But wait, there is more.

Google’s portfolio of services has also allowed an immense form of integration of this platform, allowing users to access whichever game they want from any of these integrated platforms. One of the coolest looking features that they showed off at the conference was how a person watching the latest trailer of Ubisoft’s Assassin’s Creed Odyssey will get a play now button at the end and can get into the actual game in about five seconds. Additionally, they also announced state share, which will allow users to share their exact state in a game to different users, to further enhance the playability and provide gamers with infinitely new experiences.

Google has also geared these services towards online game streamers, whose number has significantly increased in recent years. Stadia will allow them not only to play the game but at the same time provide them with the ability to create a separate stream of the same on YouTube running again at a maximum resolution of 4k at 60fps, without any significant loss to the performance of the game. Moreover, they also allow the viewers of the said stream to participate with the streamers of their choice with the click of a button.

New Hardware?

Along with all the software magic, Google will be providing, they also said that Stadia won’t require any physical box or console to play on, and can be used with any available controller on the market. However, Google did announce that they will be launching a new controller to further improve the experience of the users. The Stadia controller mostly features the button set of the standard controller of this generation and adds a couple of buttons to it. One of the buttons allows users to share the current screen content directly to the social media platform of their choice, and the other is a Google Assistant button, allowing users to gather info, tips, and walkthroughs specifically from the part that they are at. The controller also connects directly to the server the user is playing on through Wi-Fi, and not to the actual device the game is being played on, allowing the controller to directly identify which device the user is playing on and connect itself to it seamlessly.

But will Google be able to make a mark in the gaming industry?

Google has said that the Stadia service and controller will be available in the United States, United Kingdom, Canada, and most of Europe, sometime this year, but, they haven’t shared any details on the pricing for both. Furthermore, we are at a point where Microsoft has been rumored to unveil their cloud gaming platform as soon as in the next E3 in June. Sony too has its streaming service up and running in some countries, however, the service has limited the game catalog to not allow the full PS4 library and access to newer releases. With a move like this from Google, Sony and Microsoft are projected to use their current assets in play and will pose as strong competition to the Stadia in the coming years. 

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Oil Drilling Automation Makes Oil Drilling Much Easier

The Oil Drilling Automation market is expected to grow at a compound annual growth rate of 10.14% over the analyzed period to reach a market size of US$689.301 million in 2027. The market stood at US$350.683 million in 2020. Oil drilling automation refers to the automation of sub-processes of operational and downhole activities required for oil drilling. In other words, it is the integration of surface and downhole measurements using modernised machinery, systems, and predictive models to improve operational efficiency in a cost-effective and efficient manner. During the drilling process, there are increasing demands for safety and efficiency. As a result, these tools and equipment provide enhanced safety and efficiency through the use of predictive tools and models. Drilling automation is becoming more popular as it aids in the optimization of surface activities. A combined system with a comprehensive understanding of the subsurface and its interactions with surface drilling systems is required for this.

Application of oil drilling automation:

The oil drilling automation market has been segmented by application into onshore and offshore. An onshore drilling rig is driven deep into the earth to reach fossil fuels, whereas an offshore drilling rig drills beneath the seabed. Oil platforms are used for offshore drilling. An oil company uses drilling equipment to drill deep into the earth during offshore drilling. currently, onshore oil production is outpacing offshore drilling and makes up a larger portion of global oil production, the onshore segment is anticipated to hold a sizable share of the market.

Hardware and software offerings

Based on offerings, the oil drilling automation is divided into hardware and software. Low Voltage Drilling automation necessitates the use of hardware such as variable frequency drives (VFD) or alternating current (AC) systems. Software offerings include the creation of tools that allow for quick and accurate calculation via a friendly and dependable interface. They are fully compatible with cutting-edge technology and adapt to a wide range of programmable logic controllers (PLCs) via different communication protocols. Given the significantly high costs, the hardware segment is expected to hold a decent market share throughout the forecast period. Growing investments in automation technology will help this segment grow even more over the next five years. Because of their cost-effectiveness and safety, automation solutions are expected to see significant market growth during the forecast period.

A substantial increase in exploration activities

The market for oil drilling automation is primarily driven by a significant increase in exploration activities as a result of increased demand, which is expected to be one of the primary factors that will supplement the demand for automation solutions in oil fields. The processes and methods involved in locating potential sites for oil drilling and extraction are referred to as oil exploration. Surface signs such as natural oil seeps were used by early oil explorers, but advances in science and technology have made oil exploration more efficient. Geological surveys are carried out in a variety of ways, ranging from testing subsoil for onshore exploration to seismic imaging for offshore exploration. Energy companies compete for access to mineral rights granted by governments by entering into a concession agreement, which states that any discovered oil is the property of the producers, or a production-sharing agreement, which states that the government retains ownership and participation rights. Exploration is a high-risk, high-cost endeavour that primarily involves corporate funds. An unsuccessful exploration, such as one involving seismic studies and drilling a dry well, can cost anywhere from $5 million to $20 million per exploration site, and in some cases much more. When an exploration site is successful and oil and gas extraction is profitable, exploration costs are recovered and are significantly lower than other production costs.

Rapid growth in the production of oil

Rapid growth in oil production in recent years has fueled the growth of the oil drilling automation market. Multiple complexities are involved in the extraction. As a result, vendors have begun to offer advanced automated drilling equipment with improved designs. Some companies, such as RigMinder and Schlumberger, specialise in automated drilling solutions for shale oil and gas extraction. Furthermore, the use of drilling automation solutions in offshore oil projects is growing. This is due to the fact that automated drilling solutions improve operational efficiency in harsh mid- and deep-water oil drilling environments.

High Upfront Costs

The initial requirements and time required to install both hardware and software solutions are relatively high. Because they have been operating without them for many years, the firms are hesitant to adopt these solutions. Maintenance and operating costs are also calculated to ensure that they remain operational at all times. Furthermore, the costs associated with the software used to add to the cost burden of the end-user who uses them, stifling market growth.

Regional and Geographical Insights:

On a Geographical note, The North American region is expected to hold a significant share of the market due to the region’s reputation for being an early adopter of technology, as well as the presence of world-class infrastructure in the oil and gas industry.

During the forecast period, the Asia-Pacific region is expected to grow rapidly. The presence of the world’s fastest-growing economies, such as India and China, along with increasing expenditure in these countries’ oil exploration sectors, supports the oil drilling market growth in the APAC region throughout the forecast period. According to the International Energy Agency, Asian crude oil imports are expected to nearly double to nearly 27 million barrels per day by 2026, necessitating record levels of both Middle Eastern crude oil exports and Atlantic Basin production to close the gap.