Friday 31 July 2020

Why Cyber Insurance Industry Gaining Utmost Traction?

Rise in cyber-attacks and increase in mandatory legislation regarding cyber security drive the growth of the global cyber insurance market. On the other hand, lack of standardized policies curbs the growth to a certain extent. Nevertheless, development of products and services and progress in emerging economies are anticipated to usher in multiple opportunities in the near future.

According to the report, the global cyber insurance industry was estimated at $4.85 billion in 2018, and is expected to hit $28.60 billion by 2026, registering a CAGR of 24.9% from 2019 to 2026.


Cyber Insurance


The large enterprises segment to dominate by 2026-

Based on organization size, the large enterprises segment accounted for more than two-thirds of the global cyber insurance market revenue in 2018, and is projected to retain its dominance throughout the forecast period. Large companies often purchase cyber insurance policies for protection against cyber-attacks and other risks which, in turn, has fueled the growth of the segment. At the same time, the SM­Es segment is expected to portray the fastest CAGR of 27.2% by the end of 2026. The fact that small- and medium-sized enterprises are more susceptible to cyber-attacks has driven the segment growth.

Read Full Article: https://www.alliedmarketresearch.com/cyber-insurance-market

The BFSI segment to lead the trail-

Based on industry vertical, the BFSI segment contributed to one-fourth of the global cyber insurance market share in 2018, and would maintain the lion's share by 2026. Rise in incidences of data breaches in large volumes of customer data has augmented the growth of the segment.  Simultaneously, the government & ­­public sector would showcase the fastest CAGR of 27.5% during the estimated period. This is due to increase in cyber liabilities, data theft, identity fraud, and cyber-attacks, which has left cyber insurance coverages at the forefront of corporate governance in public sector companies.

North America garnered the highest share in 2018-

Based on region, North America held the major share in 2018, reaping more than two-fifths of the global cyber insurance market.  Increase in data breach, cyber extortion and disruptive events across business sectors in this province have driven the market. The Asia-Pacific region, on the other hand, is predicted to register the fastest CAGR of 26.9% till 2026. Rapid technological developments such as automated production & technical processes and growing adoption of internet of things along with, stringent regulatory landscape for data protection have been driving the Asia-Pacific cyber insurance market.

Frontrunners in the industry-

  • American International Group, Inc.
  • Munich Re, Zurich
  • Lockton Companies, Inc.
  • Aon plc
  • AXA
  • Berkshire Hathway Inc.
  • Allianz
  • Lloyd's of London Ltd.
  • The Chubb Corporation

Thursday 30 July 2020

Gift Cards: High adoption rate in hospitality and retail industry

Increase in application areas such as banking, hospitality, and retail stores and growing technological innovation in product offerings drive the growth of the global gift cards market. However, various types of fees associated with card transactions hinder the market growth. On the other hand, surge in demand for gift cards from developing economies such as China and India creates new opportunities for the market player in the coming years.

Gift Cards

The global gift cards market generated $619.25 billion in 2019, and is estimated to reach $1,922.87 billion by 2027, registering a CAGR of 15.4% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

Covid-19 scenario:

  • Due to lockdown in several countries, the tourism and hospitality industry have been affected badly. If market players in the industry cannot sell their services due to the restrictions, they can sell their gift cards on a lower than the nominal value.  This will motivate customers to purchase such services and offer a chance to earn for market players.
  • The demand for gift card is likely to get affected as their printing and production has been halted amid lockdown due to COVID-19 pandemic situation.
  • The revenue generated from the retail establishment segment is likely to increase as retail shops have been allowed to do the business during the lockdown.

The report offers detailed segmentation of the global gift cards market based on card type, end user, and region.

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Based on card type, the closed-loop card segment contributed to the largest share in 2019, accounting for more than two-thirds of the total share, and is estimated to maintain its dominant position during the forecast period. However, the open-loop card segment is estimated to portray the highest CAGR of 17.1% during the forecast period.

Based on end user, the retail establishment segment accounted for the largest share in 2019, holding more than two-thirds of the total share, and is expected to maintain the largest share throughout the forecast period. However, the corporate institutions segment is expected to register the highest CAGR of 16.8% from 2020 to 2027.

Based on region, North America contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is also expected to grow at the highest CAGR of 17.0% from 2020 to 2027.

Leading market players analyzed in the research include American Express, Amazon, Inc., First Data Corporation, Blackhawk Network Holdings, Inc., Givex Corporation, Fiserv, Inc., NGC US LLC, InComm Inc, Paytronix Systems, Inc, and Qwikcilver Solutions Pvt Ltd.

Wednesday 29 July 2020

How Graphics Processing Unit Changing The Technology Future Trends?

Continuous advancements in graphic-based games, strong growth in virtual reality (VR) and augmented reality (AR), and rise in demand for gaming laptops and computers drive the growth of the global graphic processing unit (GPU) market. However, inability of integrated GPU to enable intensive graphic designing software may hinder the market growth. On the other hand, rise in popularity of IoT and boom in the portable electronics market create new opportunities in the coming years.

The global graphic processing unit (GPU) market generated $19.75 billion in 2019, and is estimated to reach $200.85 billion by 2027, registering a CAGR of 33.6% from 2020 to 2027. The report offers an extensive analysis of current market dynamics, top winning strategies, business performance, major market players, and competitive scenario.

GPU

Covid-19 scenario:

  • The operational disruptions in the electronics industry due to Covid-19 pandemic have impacted GPU production activities.
  • During the coronavirus pandemic, the supply chain and distribution channels have been impacted, which in turn, affected the industries dependent upon GPU components.

The report offers a detailed segmentation of the global graphic processing unit (GPU) market based on component, display type, mode of transportation, and region.

Read Full News: https://www.alliedmarketresearch.com/graphic-processing-unit-market

Based on component, the integrated segment contributed to the largest share in 2019, accounting for more than half of the total share, and is estimated to maintain its dominant position during the forecast period. However, the hybrid segment is expected to register the highest CAGR of 36.8% from 2020 to 2027.

Based on display type, the smartphone segment accounted for the largest share in 2019, holding more than two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the others segment is estimated to portray the highest CAGR of 38.8% during the forecast period.

Based on region, Asia-Pacific contributed the highest share, accounting for nearly half of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the highest CAGR of 8.6% from 2020 to 2027.

Leading market players analyzed in the research include IBM Corporation, NVIDIA Corporation, Intel Corporation, Samsung Electronics Co., Ltd., Advanced Micro Devices, Inc., Qualcomm Incorporated, Google LLC, Dassault Systems, Inc., Sony Corporation, and Siemens AG.

Tuesday 28 July 2020

Rapid technological advancements in voice user interface booming hearables

Rise in demand for wireless headphones and infotainment devices, emerging hearable computing and rapid technological advancements in voice user interface, and emergence of miniaturized wearable electronic devices for health monitoring fuel the growth of the global hearables market. On the other hand, adverse effect on the hearing ability due to overuse of headphones and high cost of industrial hearables hamper the growth to some extent. However, surge in focus toward adoption of hearing devices to prevent hearing loss in industrial application is expected to create a number of opportunities for the key players in the industry.

Hearables

According to the report, the global hearables industry garnered $21.20 billion in 2018, and is estimated to reach $92.46 billion by 2026, growing at a CAGR of 17.2% from 2019–2026.

The headsets segment to lead the trail by 2026-

Based on product, the headsets segment contributed to more than two-thirds of the global hearables market in 2018, and is expected to retain its dominance till 2026. This is attributed to increase in penetration of infotainment devices, rapid technological advancements, and surge in need for mobility services. The earbuds segment, on the other hand, would grow at the fastest CAGR of 29.5% during 2019–2026, owing to widespread availability of these average cost devices on online and offline retail stores.

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The on-ear segment held the largest share in 2018-

Based on type, the on-ear segment held the major share in 2018, generating nearly half of the global hearables market. On-ear headphones are more effective in external noise cancellation as compared to other types of headphones. Also, these headphones are more portable as compared to over ear headphones which, in turn, have boosted the growth of the segment. At the same time, the over-ear segment would register the fastest CAGR of 19.9% during the study period. This is due to their thick headbands and large ear cups that completely encompass the ears.

North America to rule the roost in terms of revenue-

Based on geography, North America accounted for nearly one-third of the global hearables market revenue in 2018, and is anticipated to dominate throughout the forecast period. This is due to the presence of major players offering advanced solutions in the region. Simultaneously, the region across LAMEA would cite the fastest CAGR of 21.0% by the end of 2026. Factors such as growth in IoT and rise in demand for wearables technologies drive the growth of the LAMEA hearable market.

Leading market players-

  • Bose Corporation
  • Koninklijke Philips N.V.
  • Apple, Inc.
  • LG Electronics
  • Samsung Electronics Co., Ltd.
  • Sony Corporation
  • Sennheiser Electronic GMBH & Co.
  • BRAGI GmbH
  • Skullcandy, Inc.
  • Jabra (GN Store Nord A/S) 

SCARA Robots: Revolutionized Future of Robotics Industry

Growth in need for mass production with reduced operation cost, surge in adoption of industry 4.0 and enabling technologies industries, increase in demand for IoT-based smart solution & automation in several industries for qualitative and reliable manufacturing drive the growth of the global SCARA robot market. However, high expenditure associated with implementation of SCARA robots hampers the market growth. On the contrary, rise in application areas of collaborative robots and increase in demand for automation in Asian countries are expected to create lucrative opportunities in the near future.

Scara Robot

Material handling segment dominated the market

By type, the material handling segment held the largest share in 2019, contributing to nearly one-third of the global SCARA robot market, due to growth in electrical, food & beverages, and electronics sectors. However, the assembling and disassembling segment is expected to register the fastest CAGR of 12.6% during the forecast period, owing to high growth in the electronic industry that demands SCARA robots for high-speed assembly task.

Learn More on SCARA Robots: https://www.alliedmarketresearch.com/scara-robot-market-A06048

Pharmaceuticals segment to portray the fastest CAGR by 2026

The pharmaceutical segment is expected to manifest the highest CAGR of 13.1% through 2026, owing to increased demand from the pharmaceutical industry to reduce repetitive tasks, save workers for hazardous environments, and reduce training overhead. However, the electrical and electronics segment held the largest share in 2019, accounting for nearly one-third of the global SCARA robot market, due to high robot investment in production automation, retooling for new production process, and performing the handling operations in the industry.

Europe held the lion's share, followed by Asia-Pacific and North America

The market across Europe, followed by Asia-Pacific and North America, dominated in 2019, contributing to more than one-third of the market. However, the global SCARA robot market across Asia-Pacific is expected to portray the fastest CAGR of 11.9% during the forecast period, owing to high adoption of robotics technology in small & medium enterprise and rise in investments in education and research infrastructure.

Major market players

  • Seiko Epson Corporation
  • ABB
  • OMRAN Corporation
  • Kawasaki Robotics
  • KUKA AG
  • Mitsubishi Electric Corporation
  • DENSO Corporation (DENSO Robotics)
  • Fanuc Corporation
  • Stäubli International AG
  • Yaskawa Electric Corporation

Tuesday 14 July 2020

Recent Industry Analysis on Gas Sensors - Key Vendors and Future Scenarios

Emergence of gas sensors in HVAC system, growth in government standards and regulations concerning emission control, and rise in need for air quality monitoring in smart cities have augmented the growth of the global gas sensor market. Nevertheless, high initial cost of the device impedes the market growth. Contrarily, growing trend toward the internet of things (IoT) is expected create multiple opportunities in the near future.

Gas Sensor


The global gas sensor market accounted $823.1 million in 2019, and is projected to hit $1.33 billion by 2027, registering a CAGR of 6.4% from 2020 to 2027. The report offers an extensive analysis of changing market trends, top winning strategies, business performance, top impacting factors, and competitive heat map.

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COVID-19 scenario:

  • The spread of COVID-19 has immensely affected the global gas sensor industry, owing to supply chain disruptions. There has been a shortage of raw material required for the production.
  • The usage of gas sensors in the healthcare industry have been increased as they are used in oxygen concentrators, ventilators, and other respiratory systems.
  • Moreover, the construction of new hospitals and healthcare centers would uplift the demand for gas sensors.

The global gas sensors market is segmented by type, technology, end-use, and region. By gas type, the methane segment dominated the market in 2019, accounting for nearly one-fifth of the global gas sensor market. The segment is anticipated to dominate the market throughout 2027. On the other hand, the oxygen segment is anticipated to manifest the highest CAGR of 8.7% during the forecast period.

By technology, the infrared gas sensor segment is projected to portray the highest CAGR of 8.7% during the forecast period. Nevertheless, the electrochemical gas sensor segment dominated the market in 2019, accounting for nearly one-third of the global gas sensor market, and would lead the trail throughout 2027.

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Based on region, the global gas sensor market across Asia-Pacific accounted for the largest share in 2019, contributing to more than two-fifths of the market. The region would rule the roost throughout the forecast period. Furthermore, the region is expected to register the fastest CAGR of 7.7% during the forecast period. The report also analyzes region across Europe, LAMEA, and North America.

The market leaders in the report include Nemoto Gas Sensors, Honeywell Analytics, Figaro Engineering Inc, MSA, Alphasense, GASTEC Corporation, Membrapor, Amphenol, Dynament, and Sensirion.

Latest Report on US Mobile Phone Accessories Market to Hit $74.43 Billion by 2026, at 13.7% CAGR

Rise in the demand for mobile phones in the U.S and rapid production of flexible, cost-effective, and convenient portable devices are the two major drivers for the growth of the U.S. mobile phone accessories market. Furthermore, increase in use of advanced electronic devices in North America due to constant technological advancements and rise in need for LTE as well as cloud technologies fuels the market growth. On the other hand, the fact that wireless accessories can offer seamless connectivity to the digital world creates various opportunities for the market growth in upcoming years.

Mobile Accessories


The U.S. mobile phone accessories market was pegged at $28.52 billion in 2018 and is projected to reach $74.43 billion by 2026, registering a CAGR of 13.7% from 2019 to 2026. The report offers a detailed analysis of the key segments including top investment pockets, changing dynamics, market size & estimations, drivers and opportunities, and competitive scenario.

On the basis of product type, the headphones segment held the lion’s in 2018, accounting for nearly one-fourth of the total market share. Moreover, this segment is estimated to dominate the market throughout the study period. Availability of enhanced technological advancements in headphones has urged the growth of the segment. However, the AR & VR headsets segment is projected to manifest the fastest CAGR of 37.0% during 2019-2026.

The U.S. mobile phone accessories market report includes an in-depth analysis of the major market players such as BYD Company Limited, Bose Corporation, JVC Kenwood Corporation, Energizer Holdings, Inc., Panasonic Corporation, Apple Inc., Sony Corporation, Samsung Electronics Co. Ltd., Plantronics, Inc., and Sennheiser Electronics GMBH & Co. KG.

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Power Electronics Market: Global Industry Coverage and Full Insights by 2027

Surge in need for power management devices and rise in incorporation of power electronics components in electric vehicles drive the growth of the global power electronics market. However, complex processes of incorporation in advanced electronics devices hinder the market growth. Furthermore, increase in demand for plug-in electric vehicles (PEVs) is expected to create new growth opportunities for the market players.

Power Electronics


The global power electronics market generated $23.25 billion in 2019, and is estimated to reach $36.64 billion by 2027, registering a CAGR of 5.7% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

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Covid-19 scenario:

  • Several major market players have halted the production of power electronics devices amidst lockdown due the Covid-19 pandemic. There has been the supply shortage of raw materials such as silicon carbide and gallium nitride.
  • The demand for power electronics is likely to decrease from the power industry. This is due to closure of most of the industrial units in which there has been huge demand for power.

The report offers a detailed segmentation of the global power electronics market based on device type, material, application, end-user, and region.

Based on device type, the power module segment contributed to the largest share in 2019, accounting for nearly half of the total share, and is estimated to maintain its dominant position during the forecast period. However, the power discrete segment is estimated to portray the highest CAGR of 7.4% during the forecast period.

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Based on material, the silicon carbide segment accounted for the largest share in 2019, holding more than one-fourth of the total share, and is expected to maintain the largest share throughout the forecast period. However, the gallium nitride segment is expected to register the highest CAGR of 7.8% from 2020 to 2027.

Based on region, Asia-Pacific contributed the highest share, accounting for nearly half of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, this region is expected to grow at the highest CAGR of 6.7% from 2020 to 2027. The report also analyzes regions including North America, Europe, and LAMEA.

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Leading market players analyzed in the research include Fuji Electric Co, ABB Group, Microsemi Corporation, Infineon Technologies AG, Renesas Electronics Corporation, Mitsubishi, STMicroelectronics, Rockwell Automation, Toshiba Corporation, and Texas Instruments Incorporated.

Future of GPU - Graphic Processing Unit Market to Surpass $200.85 Billion by 2027: at 33.6% CAGR

Continuous advancements in graphic-based games, strong growth in virtual reality (VR) and augmented reality (AR), and rise in demand for gaming laptops and computers drive the growth of the global graphic processing unit (GPU) market. However, inability of integrated GPU to enable intensive graphic designing software may hinder the market growth. On the other hand, rise in popularity of IoT and boom in the portable electronics market create new opportunities in the coming years.

GPU


The global graphic processing unit (GPU) market generated $19.75 billion in 2019, and is estimated to reach $200.85 billion by 2027, registering a CAGR of 33.6% from 2020 to 2027. The report offers an extensive analysis of current market dynamics, top winning strategies, business performance, major market players, and competitive scenario.

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Covid-19 scenario:

  • The operational disruptions in the electronics industry due to Covid-19 pandemic have impacted GPU production activities.
  • During the coronavirus pandemic, the supply chain and distribution channels have been impacted, which in turn, affected the industries dependent upon GPU components.

The report offers a detailed segmentation of the global graphic processing unit (GPU) market based on component, display type, mode of transportation, and region.

Based on component, the integrated segment contributed to the largest share in 2019, accounting for more than half of the total share, and is estimated to maintain its dominant position during the forecast period. However, the hybrid segment is expected to register the highest CAGR of 36.8% from 2020 to 2027.

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Based on display type, the smartphone segment accounted for the largest share in 2019, holding more than two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the others segment is estimated to portray the highest CAGR of 38.8% during the forecast period.

Based on region, Asia-Pacific contributed the highest share, accounting for nearly half of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the highest CAGR of 8.6% from 2020 to 2027.

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Leading market players analyzed in the research include IBM Corporation, NVIDIA Corporation, Intel Corporation, Samsung Electronics Co., Ltd., Advanced Micro Devices, Inc., Qualcomm Incorporated, Google LLC, Dassault Systems, Inc., Sony Corporation, and Siemens AG.

Supercapacitor Market Size to Hit $16.95 Billion by 2027: at 23.3% Growth Rate

Rise in demand in automotive applications, increase in demand for renewable energy systems, and supportive government regulations drive the growth of the global supercapacitor market. However, high costs of raw materials and low awareness hinder the market growth. On the other hand, increase in the demand for supercapacitor in solar and wind energy applications creates new opportunities in the coming years.


The global supercapacitor market generated $3.27 billion in 2019, and is estimated to reach $16.95 billion by 2027, registering a CAGR of 23.3% from 2020 to 2027. The report offers an extensive analysis of current market dynamics, top winning strategies, business performance, major market player’s analysis, and competitive landscape.

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Covid-19 scenario:

  • During the coronavirus pandemic, the operational restrictions on the manufacturing activities would take place due to shortage of raw materials.
  • Moreover, the demand for supercapacitors has been decreased during the Covid-19 pandemic due to the restrictions on activities in the automotive, industrial, and consumer electronics sectors.

The report offers a detailed segmentation of the global supercapacitor market based on product type, module type, material, application, and region.

Based on product type, the pseudocapacitors segment contributed to the largest share in 2019, accounting for nearly two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the hybrid capacitors segment is expected to register the highest CAGR of 25.0% from 2020 to 2027.

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Based on module type, the 10 volts to 25 volts modules segment accounted for the largest share in 2019, holding nearly one-third of the total share, and is expected to maintain the largest share throughout the forecast period. However, the above 100 volts modules segment is estimated to portray the highest CAGR of 27.2% during the forecast period.

Based on region, Asia-Pacific contributed the highest share, accounting for nearly half of the total market share in 2019, and will maintain its dominance throughout the forecast period. Moreover, the same region is expected to grow at the highest CAGR of 24.5% from 2020 to 2027. The research also offers detailed analysis of regions including North America, LAMEA, and Asia-Pacific.

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Leading market players analyzed in the research include AVX Corporation, Cap-XX Limited, Panasonic Corporation, Nippon Chemi-Con Corporation, SPEL Technologies Private Limited, Ioxus Inc., Skeleton Technologies, Evans Capacitor Company, LS Mtron Ltd., and KORCHIP Corporation.