Cryptocurrency Market: Europe Shows Dominance with Strong Presence of Mining Pools

​Transparency Market Research observes that the global cryptocurrency market is still in its nascent phase. Presently, Bitcoin dominates the global market due its high acceptance. However, Litecoin is poised to gain traction during the forecast period of 2017 and 2025. The other leading vendors in the global market are Namecoin, Ripple, and Ethereum. The growing awareness about the power of blockchain technology is expected to work in favor of these companies in the near future. Noted investors in the global market say it is difficult to pin point which currency would emerge as a leader. However, increasing usage of technology and widening scope of investments is surely set to intensify the competition amongst global players. Despite this ambiguity, the fact remains clear that these companies are ready to give the banking systems of the world a run for their money in the forthcoming years.

According to the research report, the global cryptocurrency market is expected to be worth US$6,702.1 mn by the end of 2025. During the forecast period of 2017 and 2025, the global market is estimated to surge at a CAGR of 31.3%. On the basis of components, the hardware market is projected to exhibit a CAGR of 30.4% during the forecast period. Geographically, North America and Europe both expected to show a steady growth rate in the global market due to greater awareness about cryptocurrencies.

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Convenience of Exchanges Lures Big Organizations toward Cryptocurrencies

The demand for cryptocurrencies has been on the rise as it has developed as a convenient medium of currency exchange. The lack of centralized governing bodies for cryptocurrencies has made it simpler form of digital currency amongst several investment enthusiasts. Cryptocurrencies are encrypted codes that be easily transferred through computers or smartphones in electronic formats. Thus, it completely eliminates the need for card or cash to enable transactions. The convenience of making these transactions that are devoid of any regulatory authorities and additional payments have favored the global cryptocurrency market growth in the past few years.

Bitcoin is currently leading the global market and has considerably revolutionized the way digital transactions are being carried out. Analysts anticipate that cryptocurrency market is likely to grow by leaps and bounds in the forthcoming years. Introduction of many more currencies such as Ethereum, Ripple, and Litecoin are also projected boost the overall market in the near future. The global market has been high on speculation about return on investment that cryptocurrencies can yield. Thus, there has been a high adoption of cryptocurrencies as a new mode of payment amongst big organizations. The report states that blockchain platform will be popularly used in the near future as it is a simpler way of recording and tracking transactions in a given distributed ledger.

Lack of Regulation to Create Distrust amongst Investors

On the flip side, the global cryptocurrency market faces of major challenges. The lack of supervision or regulations governing the transactions of the cryptocurrency market have made it lucrative for illegal activities. There is a high chance that cryptocurrencies might be by and for terrorist organizations. Furthermore, its negligible utility to the common man has resulted in its limited usage. The fact that cryptocurrencies only exist in the virtual world makes these susceptible to cyberattacks, thereby exposing a high investment a potential loss. All of these factors are expected to hamper the growth of the global cryptocurrency market during the forecast period.

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IoT Device Management Market Lucrative Opportunities For Healthcare Industry

​Leading players in the global IoT device management market include Robert Bosch GmbH, ARM Ltd., HP, Google, Intel Corporation, IBM Corporation, Oracle Corporation, Microsoft Corporation, Smith Micro Software, and SAP SE. The fragmented IoT device management market is likely to swell in the coming years, with several new players acquiring a firm foothold in the burgeoning market. The constant need for new data monitoring mechanisms is likely to ensure steady expansion of the IoT device management market, entailing strong prospects for new players over a number of years.

According to Transparency Market Research (TMR), the global IoT device management market is expected to exhibit a robust CAGR of 31.5% in the 2017-2025 forecast period.

Growing Government Support for Public Cloud to Help IoT Device Management Market

Public cloud is likely to remain the leading contributor to the global IoT device management market in the coming years due to the cost benefits it provides to users. Proactive government efforts in developed countries to expand their telecommunication networks by boosting the availability of public cloud services have been vital for the IoT device management market.

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The higher capital base of large enterprises has allowed them to adopt technological advancements such as IoT device management relatively easily, which has led to top-heavy distribution of the IoT device management market in the business sector. Many leading players have focused on proactively incorporating advanced technological solutions such as IoT devices in their daily workflow, which has proved vital for the global IoT device management market. Rising awareness about the utility of IoT device management tools and their increasing availability across the several financial spectra of the business sector is likely to drive the global IoT device management market at a steady rate in the coming years.

Widespread Adoption of Smart Home Technology in North America Drives Demand

North America is the leading regional segment of the global IoT device management market. This is mainly due to the widespread adoption of smart home technology across the U.S. and Canada. These highly prosperous countries also house several leading players in the IoT sector, which has made distribution much easier. The steady presence of technology giants such as IBM, Microsoft, Google, and Intel Corporation is likely to remain a key driver for the North America IoT device management market in the coming years.

The rising use of data analytics in various sectors is a vital driver for the global IoT device management market. The benefits provided by data analytics in understanding the demographic breakdown of consumers has led several sectors to incorporating information tracking technology into their regular workflow, which has been enhanced by the ease of using IoT devices. The rising use of smartphone-based IoT devices is also likely to aid the growth of the IoT device management market, as smartphone-based operation provides an easy means to accumulate data through digital means.


Mens Underwear Market Lucrative Across Globe

​Manufacturers boosting sales by making L+ size underwear affordable, counting upon US men’s bloating waist size

Bigger waist sizes and selective preference for boxers, boxer briefs, and regular briefs will continue to shape up the growth in revenue of the Mens Underwear Market in the US. According to a latest study by Future Market Insights, sales of XXXL size men’s underwear in the US will surpass US$ 590 million in 2016. The L and XL sizes will account for an impressive 21.7% and 21.4% value share respectively of the US$ 3.3 billion market. Future Market Insights projects the US mens underwear market to grow at 5.8% CAGR through 2026.

Popularity of regular briefs and boxer briefs is evidently impacting the US Mens Underwear Market growth. The country’s urban life demands a proactive lifestyle, compelling men to hustle through their daily tasks at a quicker pace. Such a lifestyle trend defines the type of underwear worn by men in the US. The comparatively low cost of making regular briefs enables apparel manufacturers in the US to expand their production capacity, increasing the gross volume production of men’s regular briefs. By 2026, sales of men’s regular briefs and boxer briefs will collectively surpass 500 million units.

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Top Research Findings in Future Market Insights’ Report on the US Mens Underwear Market

·More than 80% men in the US buy their own underwear, inducing higher importance on personalised shopping outlets

·Northeast States are likely to account for nearly 40% of the US market’s gross revenue over the forecast period

·Availability of all underwear brands at flexible prices to increase US men’s underwear sales through mass merchandisers, while online stores will contribute with just over 10% value share as a distribution channel

·Products offered by Hanesbrand Inc. and Calvin Klein Inc. have gained nationwide prominence in the US, while companies such as Jockey International, Phillips-Van Heusen Corporation, Ralph Lauren Corporation, and American Eagle Outfitters Inc. among others, are intensifying their measures for a strategic expansion of their market shares.

Competitive Pricing – The Key to Success

Design styles, fabric materials, and type of underwear are likely to be secondary factors influencing buying behaviour. Availing inner comfort at a reasonable price remains an important buyer consideration. Manufacturers must consider the fact that men in the US own over a dozen of underwear pairs in a year, and still continue to buy a couple or more according to their usage. The average annual spend on underwear in the men’s segment is pegged at US$ 80, making mid-price range underwear a lucrative segment for end users. In 2016, mid-priced men’s underwear will garner over 42% share in the US market – nearly 12% more than the market share of the premium priced segment.

At an average price of US$ 30 or above, the US men’s underwear sales are projected to reach 130 million units by 2026. Underwear sold in the US$ 20-29 price range will continue to dominate the market, accounting for over US$ 1 billion market value in 2016.

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Rigid Food Containers Market APEJ to Remain Largest

​The global rigid food containers market is projected to register a moderate 4 % CAGR throughout the forecast period (2017-2022), according to a new study by Future Market Insights (FMI). The report estimates the global rigid food containers market to surpass revenues worth US$ 80,000 Mn by 2022-end.

Key Takeaways from FMI’s Report on Global Rigid Food Containers Market

·Rigid food containers will continue to find the largest applications in ready-to-eat food products, followed by bakery & confectionary. Revenues from sales of rigid food containers for packaging of ready-to-eat food products are projected to account for approximately one-third share of the market in 2017, and will further discern a rise in their market share by 2022-end. Dairy products and meat, poultry & seafood are also anticipated to be lucrative application areas for rigid food containers over the forecast period.

·Based on packaging type, revenues from sales of trays will remain the largest during the forecast period, followed by bottles & jars, and boxes & cartons. In addition, although sales of cups & tubs will account for smaller revenue share of the market, their sales are projected to register a healthy expansion through 2022. In contrast, sales of bottles and jars will register a sluggish expansion through 2022.

·Plastic and paperboard will continue to be the most lucrative materials for manufacturing rigid food containers. In addition, sales of plastic and paperboard for production of rigid food containers are expected to register the highest CAGRs in the market through 2022. Glass and metal will continue to be comparatively less lucrative materials than plastic and paperboard in the global rigid food containers market.

·Asia-Pacific excluding Japan (APEJ) is anticipated to remain the largest market for rigid food containers, projected to expand at an impressive 5.2% CAGR through 2022. Dominance of APEJ on the market can be highly attributed to robust expansion of food & beverage industry, coupled with an increased demand for eco-friendly & sustainable packaging owing to strict regulations concerning material recycling. China and India will remain the most lucrative countries for the rigid food containers market in APEJ.

·North America is expected to remain the second largest market for rigid food containers, with the U.S. being the most lucrative country. Shifting preference towards bioplastics as raw materials for rigid food containers on the back of stringent regulations concerning reduction of carbon footprints will drive growth of the market in North America. Another key factor driving the market growth in this region is increased demand for ready-to-drink beverages and packaged frozen food products on the back of hectic lifestyles of population.

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Implications for New Product Development & Channel Strategies in Food Packaging

Rigid food containers are gaining tremendous popularity since the recent past, offering the food products with a long shelf life. Constantly changing lifestyles of consumers, along with their busy work routine, and rapid shifts in household income & size have significantly affected the consumers’ behaviour of buying food products. This has further led towards important implications for new channel strategies and product development in packaging of food, such as rigid containers. Moreover, robust transformations in demographics, improvisations in manufacturing output & productivity, and huge expenditure on packaging of food products across the globe have fuelled requirement for highly advanced packaging facility, such as rigid containers, in the food and beverage sector.

The global market for rigid food containers is highly fragmented in nature, with a large number of suppliers and manufacturers competing to gain a competitive edge. FMI’s report has listed key participants operating actively in the global market for rigid food containers, which include Huhtamaki Oyj, Bemis Co., Inc., Sonoco Products Co., Printpack Inc., Smurfit Kappa Group PLC, Crown Holdings, Inc., Ball Corporation, DS Smith PLC, Berry Global Group, Inc., Sealed Air Corp., Amcor Ltd., and Packaging Corp. of America.

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Automotive Washer Pumps Market Competitive Dynamics & Global Outlook 2025

​The demand for Automotive Washer Pumps Market is likely to increase substantially during the forecast period. The demand for pressure pumps is directly proportional to the increase in the vehicle production around the world. According to International Organization of Motor Vehicle Manufacturers (OICA), the global vehicle production stood at 94.97 million in 2016. In 2015 the production was 90.78 million. There was an increase of about 4.6% year on year. The global vehicular production is likely to reach 113.54 million in 2021. This increase is likely to augment the demand for automotive washer pumps in the coming years.

Another key driver that is likely to drive the demand for automotive washer pumps is the rise in demand for automotive wiper systems and headlamp washer systems. Cars and trucks have the capability of incorporating two windshield wipers. The number of automotive washer pumps has remained constant. These were only a part of the cars in the mid-luxury and luxury segment. However, nowadays all the cars have these components from the manufacturing side. As the demand from the customers to buy wipers with high quality and improved durability, manufacturers are looking to generate the demand through increase in the number of cars sold as the number of automotive washer pumps cannot be increased.

The number of accidents is on the rise. According to the Centre for Disease control and Prevention, the number of motor vehicle traffic death has been around 10.6 per 100, 000 people. This number is set to rise in the coming years. Moreover, governments, consumers, insurance companies, and manufacturers of automotive products are extremely concerned about the swelling number of road accidents per year. This has led to significant investments by many groups in order to develop new technologies and enhanced products to reduce the number of accidents. This has resulted into the development of products including improved wiper systems, airbags, telematics, seatbelts, and GPS. Furthermore, the development of the automotive washer pumps market is inclined to rise depending upon the increase in road safety programs. Wiper systems with effectual washer pumps aids in clear vision, thereby reducing the incidents of accidents, and they also keep the driver safer in dangerous weather conditions including snow, rain, and dust storms.

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The global automotive washer pumps market can be segmented by product type, vehicle type, technology, displacement type, and geography. In terms of product type the global automotive washer pumps market can be segregated into fuel pump, oil pump, water pump, windshield washer pump, steering pump, transmission pump, fuel injection pump, and vacuum pump. The fuel injection pumps segment is likely to account for the maximum share of the global automotive washer pumps market. This is due to the augmented demand for fuel efficient vehicles as well as increase in acceptance of automotive technologies such as gasoline direct injection. The transmissions pump segment followed the fuel injection pumps segment in terms of value. This growth is due to the rise in manufacturing of automatic transmission systems across the world.

By vehicle type the global automotive washer pumps can be divided into passenger car, light commercial vehicles, and heavy commercial vehicles. On the basis of technology, the market is bifurcated into electric pump, and mechanical pumps. Based on displacement type the global automotive washer pumps market is segmented into variable displacement, and fixed displacement.

In terms of geography, the global automotive washer pumps can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region accounted for the maximum share of the global automotive washer pumps . Increase in sales of passenger cars, , the growing focus on safety features, amplified government regulations, and rise in demand for fuel efficient vehicles, especially in the passenger car segment are expected to boost the demand for automotive washer pumps in the Asia Pacific region.

Key players operating in the global automotive washer pumps are VDO, DENSO, Mitsuba, Valeo, Johnson Electric, TRICO, ACDelco, Bosch, Hella, ACI Auto, Almity, and dlhBOWLE.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

Geographic Information Systems Market Evolving Technology, Trends and industry Analysis 2025

​Geographic Information Systems Market is an organized set of geographic data, computer software, hardware and efficiently self-designed of geographic information. Geographic information systems store, capture, manipulate, up-date, analyze and display all types of geographic information. Previously, the geographic information system was a map based information systems. Currently, the geographic information system is changing into systems of insight and systems of engagement. Industrial enterprises are trying to reach entire organization with simple access to spatial information to get awareness of their operation. In addition, rising net working complexity of the organization such as microgrids, renewable, electric vehicle, prosumers, energy storage systems and others are resulting companies to install geographic information systems to have access and to better understand the infrastructure information.

The key factor is driving the market of geographic information systems due to the increasing demand of this new technology among the process industry for better service, geographic information interpretation and management and security. The increasing need for prediction and identification of the natural disasters and to minimizing damages is fueling the growth of geographic information systems market. In addition, after the occurrence of earthquakes and tsunami and the destruction the market of geographic information systems is growing due to the rising need of identification of these are natural calamities. In addition, increasing need of land management systems coupled with rising real estate and construction industry is further booming the market of geographic information systems and this factor is expected a significant growth during the forecast period. The impact of this driver is high in recent times and is expected to be remaining high during the forecast period. However, the lack of awareness about geographic information systems adoption for land managing solution the growth of this market is becoming slowdown. Additionally, high investment cost is also restraining the growth of this market. Moreover, the free source of GIS software now available on the internet. Therefore the restraining factor of this market is expected to be low during the forecast period.

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The market of geographic information systems segmented into three categories: by organization size, by category and by industry. Based on organization size the market of geographic information systems is segmented by small, medium and large. In terms of the category type the market of geographic information systems is segmented by hardware, software, service, and software service. Based on industry type the market of geographic information systems is segmented by oil and gas, retail, electric power T&D, government, mining, engineering and business service (AEC) and others.

By geography, the global geographic information systems market is segmented into North America, Latin America, Europe, Asia Pacific (APAC), Middle East and Africa. The North American geographic information systems held the largest market share in 2016 and are expected to hold its position during the forecast period. Owing to its developed economic condition and rising awareness about advanced technology and its acceptances is growing the market growth of geographic information systems in this region. The U.S. and Canada, there is a high focus on innovations in technology and research and development is further fueling the growth of this market. North America, followed by Europe, is expected to become second largest revenue generating region for geographic information systems market in 2016. The Asia Pacific (APAC) is expected to be the fastest-growing region in the geographic information systems market. Middle East and Africa has shown a remarkable growth in architecture software followed by Latin America in recent years.

The global geographic information systems market is marked by some strong competition from the major players operating in this industry. Numerous merger and acquisition, joint venture and partnership agreement, product innovation, research and development and geographical extension are some of the key strategies adopted by this player to ensure long-term sustenance in these market key participants in the global geographic information systems industry include Hexagon AB (Sweden), GE Power (U.S) and Bentley Systems, Incorporated (U.S) among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

LiDAR Market Forecast By 2025

LiDAR Market is a remote sensing technology that measures scattered light (laser) to find information and range of a distant target. LiDAR is comparable to radar in certain aspects. However, LiDAR uses waves of shorter wavelengths unlike radar, which uses radio waves for measuring targets. The wavelengths of the electronic spectrum for LiDAR technology typically lie in the visible, ultraviolet and infrared range. The LiDAR technology enables direct measurement of 3D structures and underlying terrain with high resolution and high data accuracy. The two major types of LiDAR include Airborne LiDAR which includes topographic and bathymetric LiDAR and Terrestrial LiDAR that includes mobile LiDAR and short range LiDAR.
The growing demand for 3D imagery in various end use sectors such as construction, power transmission, transportation and defense and aerospace is the major factor driving the LiDAR market globally. Further, the LiDAR technology offers extensive time and cost saving capabilities which have increased the likes of its adoption and thus, the technology is preferred over traditional mapping methods. The LiDAR technology has replaced photogrammetry mainly because of its comparative advantages over photogrammetry in terms of light independency and high accuracy. On the contrary, complexity in LiDAR data interpretation due to lack of standardization is one of the major factors challenging the market growth.
Coastal applications of LiDAR dominated the market in 2013 whereas transmission lines segment is expected to experience fastest growth over the forecast period. The major use of LiDAR in coastal applications is for disaster management and control in disaster prone coastal areas.

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The adoption of LiDAR technology in the power sector is increasing as power utilities are increasing incorporating LiDAR technology in laying out and setting up transmission lines. The adoption of LiDAR is also expected to increase in transportation, infrastructure and defense and aerospace end user segments.
Geographically, North America dominated the global LiDAR market. The growth in this region is attributed to high research and development spending on bringing innovations in the LiDAR technology and high penetration in defense and military due to support from the government. Europe closely follows North America and a large number of key players are supporting the growth in order to meet the demand of huge consumer base in this region. Other regions such as Asia Pacific and RoW are expected to experience significant growth over the forecast period.
Major industry participants in the LiDAR market are 3D Laser Mapping Ltd., Aerometric Inc., Avent Lidar Technology, Airborne Hydrography AB, DigitalWorld Mapping Inc., Firmatek 3D Mapping Solutions LLC, FARO Technology, Inc., Intermap Technologies Corp., Leica Geosystems AG, Mosaic 3D, Optech Incorporated and RIEGL Laser Measurement Systems GmbH among others