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Technology has had a considerable impact in the disruption of the daily work in office administration. Emails have come in place of hand-written memos, shared drives have replaced filing cabinets, and biometrics have done away with timesheets. But going paperless for office administration is just the tip of the iceberg, and attaining complete office automation remains the key for enhancing operational efficiency. Growing prominence of SaaS-based HR tools Office automation is a different ball game altogether, and SaaS-based office automation solutions have emerged as the underlying enabler of the global human capital management market. SaaS-based human resource tools facilitate job applications tracking, timesheet management, assessment of employee benefits, payroll, recruitment, and employee performance, and even processing online forms. The best part about SaaS HR software is that it is customizable to allow flexibility to the incumbent with respect to workforce analytics, process design control and HR compliance management. What attracts clients most about SaaS-based HR solution is its unique ability to significantly enhance the productivity of human resource personnel in an organization. SaaS-based HR software can seamlessly integrate and automate all major HR functions that would otherwise require human intervention. With SaaS HR tools, tasks that previously required oversight of human resource personnel, such as verification of employees, processing of employment applications, and administering employee benefits, are effectively delivered in an automated way with SaaS-based HR applications in a cloud computing environment. SaaS-based HR applications also ensure considerable cost savings as compared to other on-premise HR software applications that are typically integrated into an organization’s ERP system. The cost of deploying a traditional human resource software can be an expensive proposition for a large number of small and medium-sized businesses. Hence, cost efficiency is another important factor that makes SaaS-based human resource applications one of the most valuable office automation delivery model available today. Organizations that implement SaaS-based human resource management services on the cloud are well placed to avoid escalating capital investments for acquiring, deploying, maintaining, and replacing the traditional on-premise human resources management software. Access full report or request for free sample at: https://www.researchonglobalmarkets.com/global-human-capital-management-market-2018-2023.html Our related post: How Adoption of office Automation is Driving the Global Human Capital Management Market What are the key segments of the global human capital management market? Trends that will dominate the Global Human Capital Management Market
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Smart homes typically refer to residences equipped with internet-connected devices that monitor and control lighting, heating and cooling systems, and security cameras, among others. Advancements in home automation technology is fueling the growth of the smart home market, which is poised to expand at 24.6% CAGR to reach a value of USD 151 Bn by 2023. The growth of the smart home market can also be attributed to the rapid adoption by consumers for convenience, advanced safety and security systems, and the growing need for connectivity.
Despite the growing adoption of home automation across the world, the prospects of the global smart home market can be somewhat marred by the following – Concerns regarding data security Data security has emerged as a sensitive issue for adopting home automation and other related IoT connected devices at home. It is taken that upon installing a new digital system or product, it becomes a new target for cyber-attack. What makes matters worse is the fact that there is no assurance that a preventive solution for such cyber-attacks will be developed in the coming years. However, despite this, today’s consumers are accustomed to such risks and accepts them in exchange for the benefits offered by the connectivity and convenience on offer. Lack of consumer awareness In spite of the fact that a number of these smart devices are available for purchase in retail stores as well as through online shopping platforms, many consumers are still hesitant about the value of these products. Moreover, awareness about home automation products are low as most retail sales personnel are still in the dark as to the advantages of smart appliances. Lack of consumer knowledge during the sales cycle can result in a consumer opting out, and the capabilities and value of connected home capabilities remain unrealized. Request for Sample of this Report@ https://www.researchonglobalmarkets.com/global-smart-home-market-2018-2023.html Notwithstanding these challenges, smart home technology is deemed to be the future of residences, designed to deliver and perform a number of services and activities within the house, and the market for smart homes is expected to expand considerably in the coming years. Our related topic: What are the challenges affecting the growth of global smart home market? What Are the Downsides of the Global Smart Home Market? For years the financial industry avoided the trendy trappings of the tech world. However, only recently the financial sector has become flush with significant technological change. With the injection of block chain, this change has become apparent. The global fintech market is transforming, and will continue to do so as the industry is becoming more receptive to innovation. Fintech industry has made it easy for people to make cross-border remittances, automate regulatory functions and ease the process of taking loans. Following are a few trends driving the global fintech industry: 1. Robotic automation and artificial intelligence: personalized insurance products have been created by an increase in connected devices and the means to process that data. Know your customer (KYC) and anti-money laundering software incorporate with artificial intelligence have cropped up recently. As greater funds are been allocated to automation of financial processes, solution for risk management, regulatory reporting and compliance will continue to develop. 2. Mobile payment to grow globally: Barriers to entry put up by traditional brick-and-mortar banks have accelerated the development and widespread use of mobile banking as a primary and exclusive method of financial management. The proof of identification and distance to traditional brick-and mortar banks may act as a barrier, especially for those who live in the rural areas. Greater smartphone adoption is driving the mobile banking phenomenon. Anyone with a smartphone and internet access can become a part of the financial system without having to open a traditional bank account. 3. 5G technology: mobile payments development will be supported by the greater deployment and adoption of 5G technology. 5G technology reduces latency and increases transaction speed. The network will be able to handle the amount transactions at scale. Browse our full report with Table of Contents : https://www.researchonglobalmarkets.com/global-fintech-market-2018-2023.html There are massive markets waiting to be tapped by fintech companies looking to expand the number of the financially included. Our related post: What is pushing forward the global fintech market? What are the trends impacting the global fintech market? The increased proliferation of tablets and smartphones are providing a push to the global gaming market. The improvement in technology and ease of access to internet connectivity has given a boost to the e-sports and live games of MMO. Digital gaming manufacturers prefer digital distribution channel over physical distribution channels as digital distribution allows for easy download and purchase of digital content. The global digital gaming market has come a long way and amazing technological advances have made the future of this market brighter. Here are a few examples: • Facial Recognition: 3d scanning and facial recognition technology allow systems to create one’s likeness in the gaming world so that one can create a custom avatar. The cameras would allow developers to adapt to the emotions of a gamer by scanning 78 different points on a person’s face. • Voice Recognition: vice controlled gaming has been there for a while and computers can easilyrecognize voice commands from the gamer. Voice commands can be used to control gameplay, play songs from the media library, interact on social media and search the web. • Gesture Control: some games allow for the gamer to interact with the device with just a few waves of the hand. Hand gesture control tracks separate points in the hand and allows users to connect with the game by using the natural movements of their body. • Wearable Gaming: smart watches and glasses have made wearable gaming portable yet less invasive. Companies that started producing wearable devices for fitness applications have begun to incorporate entertainment and gaming into the mix. • Cloud Gaming: developers are looking to lighten the load with the help of the cloud, rather than creating video games that require powerful hardware. Games no longer need to be limited to the memory that consoles have to offer. Using the cloud gives games massive server-size limits. Request a free sample copy of Global Digital Gaming Market @ https://www.researchonglobalmarkets.com/global-digital-gaming-market.html With the advent of the smartphone, the global digital gaming market is literally in the palm of one’s hand. Mobile technology has made the love of digital gaming spread beyond hard core console-consumers and online gamers. Our Related Post: What is driving the Global Digital Gaming market? Increased Smartphone Penetration Driving the Global Digital Gaming Market What are the key trends of the global digital gaming market? How does the global digital gaming market impact children negatively? India’s food processing sector is witnessing significant growth in the wake of increased urbanization, shift in consumer preference toward branded items, organization of the retail sector, and government initiatives for developing food manufacturing infrastructure. Growing disposable income, coupled with increased discretionary spending is also driving the food processing industry in India, which is expected to expand almost 11.5% till 2023, according to a market research report. High growth segments of the market Within the food processing market in India, fruit and vegetable processing segment is deemed to be a high growth segment given India’s position as one of the largest producers of fruits and vegetables, of which only two percent are processed. The major processed items are fruit pulps, juices, Indian-style pickles, dehydrated vegetables, curried vegetables, dried fruits, and processed mushrooms. There is considerable opportunities in this segment, and major market players are moving in fast to make the most of the opportunities. Another segment that is expected to witness huge growth is the milling and baking segment. In India, almost 90% of grains produced are processed, with wheat being the most processed grain for deriving wheat flour. Milling of rice and other pulses form the remainder of the grain processing sector. However, grain processing is mostly carried out in an unorganized manner; thereby showcasing significant opportunities for the market players to conduct grain processing in an organized way. Also, thanks to India’s market leading position in dairy production, demand for dairy products is growing at a rapid pace when compared to the rate of production. With the influx of foreign dairy products like Western cheeses and yoghurts, the dairy products segment is touted to be one of the most promising sectors in the Indian processed food market. Browse our full report with Table of Contents: https://www.researchonglobalmarkets.com/food-processing-market-in-india-2018-2023.html Thanks to Indian government’s favorable initiatives, investing in the food processing sector in India has become easy, and this is attracting a number of players flocking the market to gain from the prevailing opportunities. Our related post: Major constraints faced by the Food Processing Market in India What are the key growth drivers of the Food Processing Market in India? Factors Contributing to the Growth of the Food Processing Market inIndia Rising health issues pertaining to obesity and diabetes owing to the excess consumption of meat products, and increasing awareness of environmental impactare primarily driving the consumers to shift towards meat substitutes. Moreover, growing number of vegan and flexitarian population is also driving the adoption of meat alternatives across the world. Owing to these growth drivers, the global meat substitutes market is expected to expand at 7.4% CAGR to reach USD 6.1 billion by 2023. However, despite the positive outlook on the market for meat alternatives across the world, there are a number of challenges affecting the prospects of this market. Let’s take a look at these in details – Meat substitutes contain worrying sodium levels Plant-based meat substitutes have been criticised by experts in meat substitutes industry research for containing high levels of sodium – which can be seriously detrimental for human heart and kidneys. Consumption of higher amount of salt every day can result in a number of diseases related to the heart and kidney, and experts are sceptical about consuming more than the recommended levels of salt on a regular basis. Meat alternatives can create hormonal imbalance Consuming higher amount of soy-based meat alternatives can create hormonal imbalance in our body and the consequences can be as bad as the development of breast cancer among women. After a number of tests, experts have come to the conclusion that soy-based foods do not contain sustainable levels of isoflavones, and this can significantly increase the risk of breast cancer. Meat alternatives affect immunity Wheat-based meat substitutes typically contain gluten, and studies reveal that the small intestine is damaged by gluten, resulting in anaemia, chronic diarrhoea, cramps, bloating and more.Studies have also shown that excessive gluten consumptions can contribute to irritable bowel syndrome (IBS) symptoms, obesity, diabetes, along with inflammatory conditions, and autoimmune disease.
It is important for major players in the meat substitutes industry to overcome these challenges. Diversification of raw materials involving the shift from soy and wheat, to clean-label ingredients, and high quality protein has emerged as a key trend in this regard. |
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