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Smart homes typically refer to residential spaces with internet-connected devices that monitor and control lighting, heating and cooling systems, and security cameras, among others. Smart homes are primarily driven by certain smart technologies, which are still at nascent stages of their development, but are already bringing a futuristic feel to homes. Home automation technology enables homeowners to control smart appliances using their smartphones, tablets and other networking devices. Internet of Things (IoT) has emerged as the key underlying enabler of smart homes and the technology is set to make lives not only comfortable but also help save energy and costs considerably. What’s in store for smart homes across the world Analysts believe that by 2020, more than 50 billion devices will be connected to the internet across the world, leveraging the concept of IoT. These devices will essentially lead to the adoption of smart cities, connected factories, care facilities and obviously, homes. According to a market research report, the global smart home market is expected to reach a value of USD 151 Bn by 2023, expanding at a CAGR of 24.6%. The growth of the global as well smart home market is mainly driven by the rapid adoption of home automation technologies for convenience, advanced safety and security systems, and the growing need for connectivity. Why smart homes are witnessing increased adoption The global market for smart homes has been growing steadily, fueled mainly by a rise in the number of working couples and the need for comfort and convenience. Also, deeper internet penetration and the ever-escalating incidences of trespassing, home buyers are considering smart home technologies even though they cost more. Though this acceptance is slightly lower in Latin America smart home market, the global adoption scenario is positive, which means the future holds a lot.Thanks to technological advancements and improving affordability of smart home appliances, home automation is becoming a reality and is now more economically acceptable.
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Footwear markets all over the world are affected by the rapid pace of urbanization and constantly changing consumer style preferences. Urbanization has taken almost every economy by storm and is a leading factor for the growing demand for consumer goods, footwear being one such good. Demand for shoes will continue to rise in a majority of developed countries. Producers must, however, pay attention to the developing countries where a large increase in demand is forecasted. The footwear market in India is a combination of both traditional and modern manufacturing sector. With the adoption of technology Indian footwear industry to drifting more towards a modern retail structure, the modern sector is confined to the cities, while the traditional footwear segment is spread across the country. After China, India is the largest footwear manufacturer in the world. The Indian fashion and lifestyle market has boosted the footwear market as will. Footwear is no longer a basic need, but a style category. The 21st-century consumer is more knowledgeable, hence more demanding. This poses a challenge to shoemakers in the country as they need to quickly adapt to the constantly changing consumer preferences. They need to be abreast with the latest trends and re-think and adapt their products based on consumer demands. Major challenges faced by the footwear market in India: 1. Efficient and timely delivery of products 2. A higher percentage of customer initiated returns 3. No stock rotation leading to outdated stock 4. Multiple warehouse and store management 5. Managing offline and multichannel 6. Effective utilization of stock 7. Increased cost of reverse logistics 8. Seamless management of cancellations and returns At first, these challenges may seem daunting for the footwear market in India, however, it presents an opportunity for differentiation and companies can present themselves as agile and efficient producers. A smart home is used to describe a house that has internet connected appliances to enable the remote monitoring and management of appliances and systems such as heating, cooling, lighting, TV’s, computers, entertainment audio and video systems, security and camera systems among others. Home automation technology provides homeowners security comfort and energy efficiency by allowing them to control smart appliances using their smartphones or other networking devices from anywhere at any time.
According to a research conducted by a leading market research company, the smart home market is expected to reach a value of USD 4.2 Bn and expand at a compound annual growth rate (CAGR) of 14.77 during the 2018-2023 period. Factors such as Growing awareness, rising disposable income, change in lifestyle patterns and need for advanced security solution in the region have led to the increased adoption of smart home solutions in India. In India, the smart home market is still in its nascent phase, but promises to showcase astounding growth in the coming years. Tier 1 cities such as Bangalore, Delhi, Mumbai and Pune, which accounts for the majority of the smart home market in India. Government initiatives such as Make In India is working towards reducing customs duty on telecommunication devices to boost the manufacturing sector, which will in turn drive growth of the Indian smart home market. The Indian smart home market is classified on the basis of end users. The residential, commercial and hospitality segments make up the Indian home automation market. The residential segment accounts for more than half the market. Security and access systems and efficient building drive the commercial segment. Request for Sample of this Report@ https://www.researchonglobalmarkets.com/smart-home-market-in-india-2018-2023.html With technological advancements reshaping almost every aspect of the Indian society, the education sector in India too is not far behind when it comes to reaping the benefits of the latest developments in related technology. India is gradually coming to terms with the perks of online education. An enhanced acceptance of online education has been witnessed over the last few years, with many students and working professionals leveraging different e-learning platforms to enhance their skills. There are a number of factors that can be attributed to the growth of the online education market in India. Some of the major ones are – 1. Internet penetration – India possesses an active internet user base of 200 million and counting. Education aggregators are increasingly looking to impart quality education to those who seek it online. Students from schools and colleges are using online platforms to meet their educational needs. 2. Adaptive learning methods - Online education platforms are transforming itself every day to modify the education they impart. Based on a student’s academic potential, strengths, weaknesses, aptitude and learning pace, precise curriculums are created to help them apply their learnings, complete assignments and manage study schedules. 3. Use of virtual reality – Virtual reality (VR) has been as a buzzword in the technology space for long now. Even the education industry – rather the e-learning platforms – is not shying away from deploying them for offering a unique learning experience. VR enables students to access e-learning platforms on mobile devices and directly interact with study material, thereby keeping their engagement levels high. Request for Sample of this Report@ https://www.researchonglobalmarkets.com/online-education-market-in-india-2018-2023.html Technology in education is evolving at a lightning speed, resulting in a more interactive and engaging approach towards learning through the experiential e-learning platforms. This rapid technological evolution is expected to be beneficial for the overall growth of online education in India. The food processing industry plays a crucial role in influencing the agricultural and distribution practices of the country. Currently, one of the primary focus sectors under the Make in India initiative, the market for food processing in India acts as a major contributor to the economic and social growth of India. The food processing Industry in India is one of the largest industries in the country, ranking fifth in terms of production, consumption, and exports. The market for processed food is expected to expand at a compound annual growth rate (CAGR) of ~11.5% between FY 2018 and FY 2023 to reach a value of INR 15,971.9 Bn in FY 2023. Favorable conditions such as diverse agro-climatic conditions, governmental initiatives, and food infrastructure, among others,ares responsible for making India one of the largest food processing hubs. The Indian food and beverage industry are segmented into 10 segments- dairy food, bakery, confectionery, ready meals breakfast cereals, organic food, naturally healthy beverages, pet food, and savory snacks. Breakfast cereals and savory snacks are expected to expand at a CAGR of ~19.23% and ~33.59%, respectively from 2018 to 2023. These segments are popular among all age groups in the country, and the positive response to them is encouraging new and old players to expand their production and distribution activities. Request for Sample of this Report@ https://www.researchonglobalmarkets.com/food-processing-market-in-india-2018-2023.html Research institutions like the Central Food Technological Research Institute (CFTRI), National Research and Development Center (NRDC), National Dairy Research Institute (NDRI), and Central Institute of Fisheries Technology (CIFT) provide the much-needed support to food processing market In India. This industry is responsible for creating multiple employment opportunities as well as investment opportunities in retails, farming, quality control, and infrastructure. High cost in processing the food acts as a key deterrent to the growth of the market. The price paid by consumers for processed food in. Owing to its unique ability of detect the presence of, severity, and exact location of chronic diseases and tumors, multiplex biomarker imaging techniques are witnessing widespread adoption. Not only for oncology studies or drug safety applications, multiplex biomarker imaging techniques are gradually making its presence felt in the diagnosis of Alzheimer’s disease. Alzheimer’s disease is currently ranked amongst the top 10 causes of death in the U.S. and comes across as the only disease on the list that cannot be prevented, cured, or even slowed. The current diagnosis of Alzheimer’s disease involves recording mild cognitive impairment (MCI). However, it is a considerably time-consuming process and by the time a detectable amount of MCI is demonstrated, Alzheimer’s causes significant amount damage to the human brain. To address the significant challenges of delayed diagnosis, multiple biomarkers are being examined for their ability to detect early stages and interventional measures for Alzheimer’s. This expansion of multiplex biomarkers to a new target disease bodes well for the growth of the global multiplex biomarker imaging market. Several studies are being conducted to adopt the mechanism of deploying multiple biomarkers techniques to cross-analyze, diagnose, and predict Alzheimer’s. Genetic, imaging, CSF, and blood-based biomarkers are combined to better understand and predict the utility of biomarkers for Alzheimer’s. Perhaps the biggest advantage of adopting multiplex biomarker techniques for Alzheimer’s disease is in its compelling ability to diagnose the disease at the earliest stage. The benefit of detecting Alzheimer’s early is that it allows patients as well as their families to plan for the future and get better access to medical and palliative care and services. Global multiplex biomarker imaging market research shows that early diagnosis allows patients to participate in clinical trials to better understand the extent of the disease and, lead to developing a cure for the disease. Further, large pharmaceuticals have already started exploring biomarker techniques that involves cross-analyzing CSF and imaging biomarkers to better diagnose Alzheimer’s. Our related post: An overview of The Global Multiplex Biomarker Imaging Market Why is The Global Multiplex Biomarker Imaging Market Flourishing? What is Provoking Global Multiplex Biomarker Imaging Market Growth? The technologically enabled ecosystem created by internet of things or IoT comprises of physical devices connected through sensors, connectivity, and other embedded electronics and software. In the past, the process of producing multi-functional electronics involved the addition of discrete, off-the-shelf components to the board for quick time-to-market needs. However, the implementation of such methods posed certain challenges like high-power consumption, increased cost, and restricted functional aid. Various design alternatives have been developed and deployed ever since so as to enhance chip operation. Silicon implementations in IoT have created a vast scope of possibilities in almost every sector of the world. It is anticipated to be a breakthrough advancement in the wide-spread adoption of smart technology.
Need for concise internet-enabled devices is developing SoC IoT technology The system-on-chip (SOC) invention is a part of the semiconductor technology and forms a vital aspect of the IoT industry. All necessary electronic circuits and mechanics required to enable a particular electronic device, like smartphones and other gadgets, can be contained inside the SOC microchip. At first, it was used on only small devices, but the need for space efficiency that this invention provides is creating a demand for SoC to be applied in more complex devices. The true key to economic development and various solutions for specific design requirements lies in the secret of SoC technology. According to the global SoC IoT innovation trends, the future anticipates the development of new techniques for system integration. The application of SoC IoT in prospective technologies demands better research and development on a variety of subjects that range from materials and sensing methods to low power circuits and memories. In order to identify prevalent trends in this domain, it is important to understand the timeline of challenges involved in the implementation of SoC-IoT. Moreover, an analysis of the current scenario of problems and solutions will make it easier to assess the potential impact the global SoC IoT innovation trends will have on real-world implementations in the future. With the edge segment being flooded with various kinds of IoT devices, it is becoming a challenge to select the right connectivity solution for each product. These products often come across as barriers in the form of streamlined, interoperable wireless support. One of the functional blocks of SoC-IoT pertains to the connectivity support that the chip will offer. Therefore, a scrutiny of the interoperability of IoT devices is in itself an examination of the global SoC-IoT innovation trends. An air purifier is a device that helps in eliminating contaminations from the air. Air purification systems are widely used in the residential sector owing to its efficiency in removal of harmful pollutants and maintaining clean air. Air purifiers can be classified in terms of their filter type such as high-efficiency particulate air, activated carbon, electrostatic precipitator, and ionic filters. The Global Air purifier market is forecasted to experience growing demand from schools, residential and hospitals due to various factors in the upcoming years. Product Innovation and New Launches Attract more Consumers The Global Air Purifier Market is experiencing huge demand due to increasing poor indoor air quality and growing air pollution. The key factor that drives the growth of this market is the rising prevalence of airborne diseases like emphysema, shortness of breath, asthma, and lung cancer, as well as other medical conditions, caused by air quality. The prevalence of common viral respiratory diseases like Middle East Respiratory Syndrome, Swine flu, the respiratory syncytial virus has also induced the rising demand for air purifiers. The growing demand for energy efficient air purifiers and also the awareness among individuals to use advanced filtration technology which helps in eliminating toxins, smoke, and other air pollutants is propelling market growth. People are increasingly becoming more aware of the health risks involved in inhaling polluted air. The need to reduce air pollutants is encouraging the growth of the market. Health risks resulting from industrialization and urbanization are also important drivers for this market. Further, there are current regulations regarding industrial emissions and also the health of workers are significant factors for influencing market growth. Currently, the Asia Pacific holds the largest global air purifier market share due to its continuing need to manage indoor pollution. Regions of North America and Africa are expected to develop in terms of market growth. The market in Europe is already experiencing a steady growth rate due to its awareness regarding health benefits of air purifiers. General market trends show that there has been a considerable increase in the demand for molecular and smart air purifiers especially when the latter is incorporated with Bluetooth and Wi-Fi systems and also monitors indoor and outdoor air quality levels via remote control. The global air purifier market includes top players like Panasonic, Honeywell, Whirlpool Corporation among others. The recently launched high-efficiency particulate air (HEPA) filters are capable of capturing maximum contaminations and are thus in a state of huge demand in countries like China and India. |
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