Global Mobile Virtual Private Network (VPN) Market Witness 17.9% CAGR During 2018 – 2024

The global mobile VPN market will reach USD 2.3 billion by 2024, growing with a CAGR of 17.9% during the forecast period. Mobile VPN elucidation facilitates operators to provide their corporate subscribers complete structures of a regular virtual private network (VPN) system without the establishment of any physical hardware location for operating their services.

Mobile VPN is extensively facilitating employees to work in an effective and efficient manner that helps them in utilizing various features in their work activities such as caller ID change and shortcode dialing to enhance their overall productivity. Moreover, the cost benefits provided by mobile VPN to the various business organization along with improved scalability is another factor that is pertaining towards the growth of the mobile VPN market across the globe.

The factors driving the growth of the mobile virtual private network market are an extensive requirement among various business organizations pertaining to remote accessibility and an excessive number of cases related to cyber threats. In order to save operational costs and enhance the productivity of its business activity business enterprises are extensively adopting mobile VPN technique, that helps them in centrally managing and simplifying remote workplaces that ensures the employees to retrieve data in a secure and reliable manner.

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Based upon end-users, the mobile virtual private network (VPN) market is segmented into military, telecommunications, healthcare, mining, financial, government, utilities, oil and gas, and others. Among these segments, the telecommunications domain is the largest contributor to the global market and is also expected to witness significant growth during the forecast period. The increasing utilization of wireless and mobile devices across the globe has further accentuated the demand for VPN among utilities, banking, and healthcare domain.

North America has been contributing the largest revenue in the mobile VPN market throughout the estimated period since this region is witnessing the rampant adoption of mobile devices. Furthermore, the business organizations in this region are implementing a mobile VPN system in their operations as it is a cost-effective alternative and provides a high level of security to the employees while communicating outside the office premises. Moreover, improved scalability and eradication of redundant offerings is another factor that is bolstering the growth of the mobile VPN market in North America.

Some of the key players operating in the mobile VPN market worldwide include Smith Micro Software Inc., IBM Corporation, Columbitech, Radio IP Software Inc., Cisco Systems Inc., Anthasoft S.A. De C.V., Techstep Technology, Netmotion Software, Inc., and Check Point Software Technologies Limited.

Global Mobile VPN Market Coverage

Distribution Channel Insight and Forecast 2014-2024

• VARs
• Direct Sales
• Online
• Partners/Distributors

End-User Insight and Forecast 2014-2024

• Military
• Telecommunications
• Healthcare
• Mining
• Financial
• Government
• Utilities
• Oil and Gas
• Others

Geographical Segmentation

Mobile VPN Market by Region

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• U.K.
• France
• Italy
• Rest of Europe

Asia-Pacific

• Japan
• China
• India
• Rest of Asia-Pacific

Rest of the World

• Brazil
• Other Countries

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Supercapacitor Market in North America is anticipated to generate the largest revenue by 2024

A supercapacitor comprises of capacitance value that is higher than that of traditional capacitors. These can accept and deliver charge faster than that of the batterers. Moreover, supercapacitors are used in applications requiring rapid charge cycles. Supercapacitors are used in electric vehicles cars and buses and also in elevators along with the applications that involve the evolving charge cycle. There has also been an increase in the demand for supercapacitors in renewable energy storage solutions across the globe thereby driving the demand of the supercapacitor market globally. 

There are three types of supercapacitor products pseudocapacitors, double layer supercapacitors, and hybrid capacitors. Among all these segments, a double layer supercapacitor occupies a larger share in the supercapacitor market across the globe. Double layer supercapacitor has extensively uplifted the demand in portable electronic devices, bulk electricity storage at power stations, and electric vehicles. Furthermore, increasing accessibility and adoption of double-layer supercapacitors are thereby bolstering the growth of the supercapacitor market globally. 

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Increasing development in supercapacitors, extensive application of supercapacitors in automobiles and elevators, and increasing demand of supercapacitors for renewable energy storage solutions are some of the key factors attributing towards the bolstering demand of supercapacitor market globally. Electronic vehicles and hybrid vehicles use supercapacitors to store the energy lost while braking. Moreover, an increase in the popularity of zero engine idling and pollution control and efforts towards reduction of the operating cost of vehicles are thereby pertaining towards the growth of the supercapacitor market in the automotive domain. 

Geographically, the supercapacitor market in North America is anticipated to generate the largest revenue by 2024 due to increasing awareness and accessibility of supercapacitor systems in this region.  Furthermore, the increasing demand for supercapacitors from the industrial domain in this region is further attributing towards the growth of the supercapacitor market in this region. Moreover, supercapacitor market in Asia-Pacific is anticipated to witness the fastest growth during the forecast period due to the booming supercapacitors marketplace and the presence of well-established players across the region. 

Key players in supercapacitor market are investing in improving the quality of developing the latest technologies that are strengthening their position in the market.  However, it has been observed that local players are depending upon new technology to develop cost efficiencies and gaining a competitive edge. The prominent players in the supercapacitor market include Murata Manufacturing Co., Ltd, Ioxus Inc., LS Mtron, Panasonic Corporation, Maxwell Technologies Inc., Nippon Chemi-Con Corporation, Nesscap Co., Ltd, NEC TOKIN Corporation, Elna Co. Ltd, Seiko Instruments Inc., and KORCHIP Corporation. 

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North America held to be the largest outdoor lighting market

The global outdoor lighting market is segmented into control and fixture. Among these two segments, the fixture is anticipated to generate larger revenue by 2024 since it helps in enhancing the durability and output of outdoor lighting. It provides an energy-efficient alternative to the users and delivers a balanced intensity of light. Moreover, increasing smart city projects by various developed and developing economies across the globe is thereby uplifting the growth of the outdoor lighting market worldwide.

the global outdoor lighting market is segmented into control and fixture. Among these two segments, the fixture is anticipated to generate larger revenue by 2024 since it helps in enhancing the durability and output of outdoor lighting. It provides an energy-efficient alternative to the users and delivers a balanced intensity of light. Moreover, increasing smart city projects by various developed and developing economies across the globe is thereby uplifting the growth of the outdoor lighting market worldwide.

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Based on the distribution channel, the outdoor lighting market is segmented into the retail and commercial segments. Among these two segments, the commercial segment is anticipated to generate larger revenue by 2024. Outdoor lighting in the commercial segment helps in providing enhanced illumination to the users along with increasing revenue of the enterprise and developing quality fixture that further survives outdoor environment.     

Geographically, North America held to be the largest outdoor lighting market and will continue to dominate throughout the forecast period due to the introduction of various regulations over energy-efficient products by government authorities in this region. Moreover, increasing disposable income will help to drive demand for outdoor lighting for architectural applications in countries such as the U.S. thereby strengthening the growth of the outdoor lighting market in this region.

Moreover, Asia-Pacific is anticipated to witness the fastest growth during the forecast period since this region is witnessing various infrastructural developments such as road construction. Furthermore, upcoming development projects, flourishing construction industry in developing countries such as China, India, and Indonesia is expected to create massive demand for LED lighting for both residential as well as outdoor applications.

Key players in the global outdoor lighting market are investing in improving the quality of these lights and developing the latest technologies that are strengthening their position in the market.  However, it has been observed that local players are depending upon new technology to develop cost efficiencies and helps in saving energy resources. The prominent players in the global outdoor lighting market include Philips Lighting Holdings, General Energy Connections, Osram Licht, Hubbell Incorporated, Cree Inc, Eaton Corporation, Syska LED, Virtual Extension, Dialight Plc, and Zumtobel Group AG. 

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Geographically, North America dominates the lab-on-chip market

A lab-on-chip (LOC) helps in incorporating laboratory functions via a solely unified circuit. Lab-on-chips has extensively evolved the field of diagnosis and is increasingly being utilized in the application of microfluidic-chip-based technologies such as chemical synthesis, medical diagnostics, and the study of complex cellular process. Moreover, LOC helps in providing quick diagnoses that are considered to be quiet accessible and easy to handle option, Furthermore, these are the reasons that have increased the significance of LOC market across the globe. 

Based on application, the LOC market is segmented into drug discovery, genomics & proteomics, diagnostics, and others. Among all these segments, genomics & proteomics segment is anticipated to witness the fastest growth during the forecast period. It has been observed that genomics & proteomics is witnessing extensive demand due to increasing application of this segment in bioinformatics that helps in advancing vaccine discovery method by promptly providing potential candidates to enable further testing. 

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The global lab-on-chip market is gaining significant importance due to growing R&D investment in life sciences, pharmaceuticals, and the increasing adoption of personalized medicine. Moreover, there is continuous innovation in microfluidic devices that have led to the transformation of drug discovery and its development. Furthermore, it has been observed that several microfluidic device companies are entering in collaboration to build an innovative approach for diagnosis and advancement and miniaturization of the lab-on-chip. 

Geographically, North America dominates the lab-on-chip market due to the increased demand for microfluidic products in pharma, diagnostic, and clinical domain in this region. Moreover, LOC technology is widely promoted and accepted in this region because of the cost efficiency and usage in a variety of applications. Furthermore, key players in North America are taking efforts towards the introduction of microfluidic products. 

Moreover, Asia-Pacific is anticipated to witness the fastest growth during the forecast period due to the increasing population and growing adoption of advanced technologies in this region. Furthermore, there are several government initiatives and increasing expenditure on highly innovative technologies paving the way for the growth of the LOC market in this region. 

Key players in the LOC market are taking steps to empower their position in the market by improving the quality of the system and developing the latest technology. The firms are making a strategic alliance with medium scale firms to make the technology more economical. This acts as a role to remove the hurdle of cheap alternatives. 

The prominent players in the LOC market include Becton, Dickinson and Company, Agilent Technologies, Inc., PerkinElmer, Inc., Danaher Corporation, Bio-Rad Laboratories, Thermo Fisher Scientific, Abbott Laboratories, Roche Diagnostics, Siemens Healthcare, Bio-Rad Laboratories, Abaxis Inc., Achira Labs, Advanced Liquid Logic and Advanced Microlabs. 

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Global iPaaS Market expected to reach USD 10.3 billion by 2025

The global integration platform as a service (iPaaS) market is estimated to be valued at USD 1.9 billion in 2020 and is expected to reach USD 10.3 billion by 2025, growing at a CAGR of 40.4% CAGR during the forecast period (2020–2025). The increasing adoption of digital solutions by most industries, technological advancements, and increasing inclination towards cloud-based solutions by the banking sector are the key factors leading to the growth in the iPaaS market, globally.

Increasing need to streamline BFSI activities creates the demand for cloud-based solutions including hybrid cloud, private cloud, and public cloud which fuels the growth of the iPaaS market. Some other factors driving the growth of the iPaaS industry are increasing demand for faster deployment and scalability and business agility and digitalization of workflow in different industry verticals.

On the basis of deployment type, the iPaaS market is segmented into the private cloud, hybrid cloud, and public cloud. Of all, the hybrid cloud holds the largest share in the market and private cloud is anticipated to grow at the fastest rate during the forecast period.

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North America accounted for the major share in the IPaaS industry in 2019, globally due to the presence of a large number of industry players, and the rapid adoption of cloud-based services among enterprises in the region. Moreover, Asia-Pacific is observed to witness the fastest growth in the market during the forecast period. The increasing demand for advanced integration solutions in the region and increasing inclination toward the cloud for business activities and operations fuels the growth of the market in the region.

The key players operating in the iPaaS industry include SnapLogic, Inc., Scribe Software Corporation Celigo, Inc., Dell Boomi Inc., IBM Corporation, MuleSoft, Inc., Informatica Corporation, DBSync Ltd Jitterbit, Inc., and Oracle Corporation. Industry players are leveraging the market growth with forming strategies for collaboration, partnership, and technological advancements.

Global iPaaS Market Coverage

Deployment Type Insight and Forecast 2015-2025

• Private Cloud
• Hybrid Cloud
• Public Cloud

Organization Size Insight and Forecast 2015 – 2025

• Small and Medium Enterprises
• Large Enterprises

Service Type Insight and Forecast 2015 – 2025

• Application Integration
• Data Transformation
• Real-Time Monitoring and Integration
• Training and Consulting
• Support & Maintenance
• Cloud Service Orchestration

Application Insight and Forecast 2015 – 2025

• Industrial
• Building and Home Automation
• Consumer Electronics
• Security

Industry Vertical Insight and Forecast 2015 – 2025

• Telecommunications
• Government and Public Sector
• Media and Entertainment
• Consumer Goods and Retail
• Education, Manufacturing
• BFSI
• Healthcare and Life Sciences
• Others

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Global Smart Lighting Market is Expected to Reach USD 31.0 Billion by 2025

The global smart lighting market is expected to reach USD 31.0 billion by 2025, growing at a CAGR of 18.1% during the forecast period. The key strategy adopted by the companies operating in the smart lighting ecosystem is a new product launch and existing portfolio enhancement. Globally, industry players in the smart lighting industry are leveraging market growth through the establishment of growth strategies related to organic and inorganic growth mechanisms along with the incorporation of several strategic partnerships by the key players occurring in this industry.   

n the basis of Communication, the smart lighting market is segmented into the indoor Communication and outdoor Communication. Among these two segments, indoor Communication held a larger share in 2019 in the global market. The indoor Communication is further sub-segmented into commercial, residential, and others. Among these subcategories, residential Communications are excessively being installed in accordance with an entire house or even for a specific room. Moreover, the market for residential indoor Communications is expected to witness the fastest growth during the forecast period in the market due to the establishment of a wireless technique. 

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Geographically, Asia-Pacific is expected to witness the fastest growth during the forecast period in the smart lighting market owing to the massive growth perspective provided to the manufacturers by this region and these lighting systems are extensively being adopted by the consumers in developing their household and making it digitalized. Increasing activities pertaining to construction in Asia-Pacific is extensively contributing to the growth of the market in the region. Competitive Insight

Some of the key players operating in the global smart lighting market include Cree Inc., Hubbell Lighting Inc., Koninklijke Philips N.V., Osram Licht AG, Schneider Electric SA, Zumbotel Group AG, Acuity Brands Inc, Digital Lumens Inc., Honeywell International Inc., and Legrand SA.

Key Takeaway from the Report:

• Among all the sources, the LED segment held the largest share in the market in 2019.
• Of all the communication, wireless technology is expected to witness the fastest growth during the forecast period.
• Among all the Communication, indoor Communication held a larger share in 2019 in the global market.

The Report Offers:

• Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

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Global Industrial Refrigeration Market to Witness 6.6% CAGR During 2018 – 2024

The global industrial refrigeration market is estimated to generate revenue of USD 41.5 billion by 2024 and is expected to witness 6.6% CAGR during the forecast period. The industrial refrigeration system utilizes cooling and refrigeration systems that enable cooling and eradicate heat from a platform of low temperature. These systems are installed at refrigeration plants for several industrial applications such as cold storage, food & beverage processing, and others.

Based on type, the industrial refrigeration market is segmented into industrial racks, evaporator units, industrial heat exchangers, industrial compressors, and others. Industrial racks are further sub-segmented into open reciprocating and open screw whereas industrial heat exchangers are segmented into brazed plate, shell & tube/ coaxial, and others. Also, the industrial compressors are subcategorized into open reciprocating, screw open, and others.

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On the basis of application, the global industrial refrigeration market is segmented into oil & gas, food & beverage, chemicals & pharmaceuticals, and others. Among all these segments food & beverage segment is expected to contribute the largest revenue and is also expected to witness a CAGR of 5.8% during the forecast period. In the food & beverage industry, the refrigeration systems are required for the processing, delivering, and storing of products at the desired cooling place.

Geographically, Asia-Pacific is the largest industrial refrigeration market and is also anticipated to grow at the fastest CAGR of 7.9% during the forecast period owing to rapid growth opportunities observed from developing cold-chain storage infrastructure. North America is the second-largest market and is expected to witness considerable growth during the forecast period. Among all the countries in the region, the U.S. is the largest consumer in the industrial refrigeration market due to extensive demand from the food & beverage processing sector and refrigerated warehouses.

Some of the major players in the global industrial refrigeration market include Johnson Controls, GEA Group, Industrial Frigo, Emerson Electric, Bitzer, Danfoss, United Technologies Corporation, Star Refrigeration, Hussmann Corporation, and Dover Corporation.

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