Global Microgrid Market Analysis and Opportunity Assessment : 2014 – 2020 : Future Market Insights

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A microgrid is a modern small-scale electricity system used to generate, distribute and regulate the flow of electricalpower. It includes distributed energy resources and multiple loads which enable it to interconnect with other electrical grids as well as operate in a parallelpower generation environment. Microgrids can be used to generate power from both renewable and non-renewable energy sources. There are different types of microgrids. The first one is true microgrid or customer microgrid, which is self-governed, has a regulatory structure and is compatible with the current technology. The second type is utility or community microgrid or milligrid which involves a division of regulated grid.The thirdvariety is virtual microgrid orvgrid.It covers multiple sites’distributed energy resources (DER) and are coordinated in a manner such that they can be presented as a single unit to the grid.

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Around the world, governmentsare taking initiatives in setting up solar, biopower and wind energy farms, and increasingly concentrating on renewable energy resource based microgrids.Increased requirement ofenhanced technology for power generation and distribution, growing industrialization, government initiatives towards green energy, and a demand for secure andconsistent power supply are some of the factors driving the growth of microgrid market.

However,monetaryobstructions, complication in land acquisition and registration of land for solar PV installation in rural areas, high primary cost of installation, huge investment required for integrating existing systems with microgrid, technological barriersetc. are some of the aspectsholding backthe microgridmarket in some regions.

The microgridmarket can be segmentedinto verticals, technology andtype. By verticals,the market can be categorized into public sector, healthcare, telecom and manufacturing. On the basis oftechnology,the market can be divided into various categories such as by power and component technology. Bytype,microgridmarket is segmented intooff-grid, connected grid and hybrid grid.

The microgrid market is expected to be a multi-billion-dollar market and to grow at a significant rate during the forecast period, from 2014 to 2020. At present, the market is led by North America owing to growing industrialization and electrification. However, it is expected to witness ahuge potential in emerging economies of Asia-Pacific regions, such as India, China and Australia.

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Introduction of advanced solutions, collaboration with other organizations, joint ventures/partnerships,and acquisitions&mergers are a few strategies followed by key players operating in microgrid market, in order to outperform their competitors. For example, Toshiba Corporation acquired Consert Inc. in 2013, inorderto improve their distribution services and widen their global presence and customer base.Additionally, in November 2014, HOMER Energy LLC introduced HOMER Pro software, anupgraded version of their HOMER software,to set a global standard for microgrid designand analysis at initial stage.Further, its analysis tool mainly focuses on hybrid microgrids that are combined with multiple storage and renewable energy resources.

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Our research services cover global as well as regional emerging markets such as GCC, ASEAN, and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful, and actionable research.

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Mobile Application Market Analysis and Opportunity Assessment; 2014 – 2020 : Future Market Insights

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A mobile application or app is a computer programme designed to run on smartphones, tablet computers and other mobile gadgets. Mobile apps were originally designed for general information retrieval such as emails, contacts, calendars, and stock market and productivity. Rising popularity of mobile apps enhanced its adoption into other categories, such as mobile gaming, social networking, e-book reading and entertainment, lifestyle, GPS (Global Positioning System) and location based navigation services, factory automation, banking, order-tracking and mobile medical apps. In addition, mobile apps help end-users to search for information and download data by connecting to the internet. Mobile app providers need to consider the constraints and features before developing apps that can run on mobiles because smartphones and tablets run on battery and have less powerful processors as compared to personal computers.

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The mobile app report contains the global scenario of this market discussing a detailed overview and market figures. The research report analyses the industry growth rate, capacity and structure. The report analyses the historical data and forecasts the mobile app market size along with key factors driving and restraining the market growth.

The mobile app market can be segmented into three major types, viz. applications, store type and geography. The mobile app market can be segmented on the basis of applications into eight major categories – social networking, online books, business &finance, entertainment, lifestyle, travel, navigation and others (productivity and utilities). On the basis of store type, the mobile app market can be segmented into two major categories, third party stores (managed by mobile device manufacturers, operators and operating system developers) and native stores. The mobile app market can also be segmented on the basis of major geographies such as North America, Latin America, Western Europe, Asia-Pacific, Japan, Eastern Europe, and Middle East & Africa.

The mobile app market across the globe is a multi-billiondollar market and is anticipated to exhibit a substantial growth in CAGR, from 2014 to 2020. There is a significant increase in the mobile app market because of increasing number of smartphone users and low cost of data usage. The mobile app market has a huge scope in emerging economies of Asia-Pacific regionlike China and India who are likely to leadthe mobile app market due to a growing demand formobile gaming and internet subscription.

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The key drivers of this market include proliferation of smartphones, increased mobile data subscriptions,introduction of programmes by enterprises, such as Bring-Your-Own-Device (BYOD) and deployment of MDM (mobile device management) solutions, rapid development of gaming industry, mobile advertising and low cost of data usage.. The major restraint to this market is lack of standardized business applications.

Some of the key players in the mobile app market are Apple Inc., Samsung Electronics Co. Ltd., Nokia Ovi Store, China Mobile Ltd., GetJar, Google Inc., Palm Inc., LG Mobile, Microsoft Inc., NTT DoCoMo Inc., Handmark, PocketGear, Handster Inc., Research in Motion (RIM) and Mplayit among others. Key participants in the mobile application market focus on introducing advanced, user-friendly and cost-effective applications with additional features to enhance customer experience. In addition, major players follow pre-launch strategies which include creation of social media accounts to enhance visibility and effectiveness, and application store optimization (ASO) to improve visibility of mobile apps in app stores.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Our research services cover global as well as regional emerging markets such as GCC, ASEAN, and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful, and actionable research.

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Global Digital Signage System Market Analysis and Opportunity Assessment; 2014 – 2020 : Future Market Insights

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Digital signage system,also termed as dynamic signage system,is used for transmitting and displayingdigital contents, such as animations, audio-visual, text and images.The system composites a playback device, a network and server, software and display device.The player or playback device is responsible for repetition of content onto the screen. The system’s capabilities are enhanced viaa wired or wireless network connectivity platform, whichenables the system to communicate with other connected devices.In addition, wireless network connectivity allows the user to access the digital signage system from anywhere, enhancingcontroland monitoringexperience of the system and its content.

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The digital signage system eliminates the use of materials like paper and paint required for traditional signage systems, making it more eco-friendly. It can be used for high target advertisement. Furthercapabilities like extending its display size by connecting with other multiple screens, real-time content update, remote access, monitoring and controlling, data transmission via compressed files, fan-less design for preventing malfunctioning, energy-saving, tamper-resistant, cost-effectiveness, dynamic and interactivityare some of the key factors that are increasing the usage of digital signage systems. Moreover, decline in price of display devices, rising scope of GPS market, increasing demand for digital out-of-home (DOOH) applications and a growing demand for additional integrated features in digital signage systems are expected to increase the scope of digital signage software market as well. However, the digital signage market is facing a few challenges, such as high initial cost associated with its installation, huge investment in its maintenance, content creation, support and hardware & software.

The digital signage system market can be segmented based on technology, software, system type andapplication.On the basis of technology, the market can be categorized intoLCD or plasma, OLED and LED display technology. The digital signage market can besegmented into software which include content management software, distribution and scheduling software. On the basis of types, the digital signage system market can be segmented into indoor and outdoor digital signage. Based on application, the market can be divided into various verticals such as corporate and commercial sector, manufacturing, educational institutes, government, banking and financial institutes, transportation, retail and wholesale, media and entertainment, and health care.

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The digital signage system market is expected to grow at a significant rate, reflecting a double-digital growth in its CAGR over the forecast period, from 2014 to 2020.Among all the regions, North America and Europe have the largest market share in digital signage market, however,Asia-Pacific is expected to emerge as a promising market in the near future, of which India and China would take the lead.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Our research services cover global as well as regional emerging markets such as GCC, ASEAN, and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful, and actionable research.

Contact Us :

Ms. Shibboo Singh
3rd Floor,
207 Regent Street,
London – W1B 3HH
United Kingdom
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D: +44 (0) 20 3287 4268
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Digital Transformation Market Analysis and Opportunity Assessment 2014 – 2020 : Future Market Insights

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The MENA IT market is anticipated to grow at a single-digit CAGR during the forecast period. In contrast, the MENA digital transformation market is expected to expand at a double-digit CAGR from 2014 to 2020. The contribution of the MENA digital transformation market to the overall MENA IT market is likely to increase from 10% to 16% by 2020, witnessing an increase of 600 BPS.

Growth of the MENA digital transformation market is mainly driven by increasing need for enhanced customer experience at all levels of customer interaction points and improvised process transparency in enterprises across the countries in this region. Moreover, countries such as the UAE, Saudi Arabia and Lebanon are increasingly introducing eGovernment and smart city initiatives, with the objective to transform themselves into digitally-enabled countries. This is further supporting growth of the MENA digital transformation market.

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Summing up drivers behind growth of the market, FMI analyst Vineet Kumar sheds light on why digital transformation will become mainstream technology in MENA in the near future. “Digital transformation across all verticals has become increasingly relevant due to increasing emphasis on enterprise mobility and smart technology enablement. Furthermore, digital transformation technologies are transforming organization’s business models, value chains, ecosystem as well as revolutionizing interactions with customer through online platforms, social media and mobile devices”, he said.

This report covers two types of digital transformation offering, namely digital services and digital software. Digital services accounted for over half of the MENA digital transformation market share in 2014; however, this is expected to decrease by 70 BPS by 2020.

“Growing Internet penetration and social media usage in the Middle East and North Africa is expected to drive the demand for digitalization of software and services at a double digit CAGR between 2014 and 2020”, Vineet Kumar said while commenting on the increasing deployment of advanced technologies in small/medium sized businesses across MENA region.

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This report also covers the 10 types of end-user verticals in the MENA digital transformation market. Among the end-user verticals, banking, financial services and insurance (BFSI) and public sectors dominated with over 40% share of the MENA digital transformation market in 2013. Service, retail, energy and utility sectors are the other major sub-segments among the end-user verticals. However, the media & entertainment sector is anticipated to exhibit the fastest CAGR during the forecast period, followed by the retail sector. This growth is attributed to the shift from print to digital media, increasing penetration of smartphones and changing consumer buying habits.

Ongoing infrastructural modernisation across major GCC and North African countries in MENA region in terms of digitisation is increasing the acceptance of digital software and digital services; not only by large- and medium-, but also by small-sized enterprises. Currently, Saudi Arabia is dominating the market with over one-third share of the overall MENA digital transformation market, followed by the UAE and Algeria, which account for over 10% share each. However, among all the GCC countries, the digital transformation market in Qatar is expected to grow at a significant double-digital CAGR over the forecast period.

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Key players in the MENA digital transformation market continue to innovate by including advanced features into digital technology solutions. Additionally, major participants such as IBM, Accenture and Deloitte have been focusing on mergers and acquisitions at a global level in order to expand their geographical presence and enhance customer base.

Advanced technology adoption, changing consumer buying pattern and product innovation are some of the trends in MENA region. Presence of cloud computing, big data analytics and enterprise mobility is gradually gaining traction in MENA region.

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework and future market trends.

Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.

Contact  :

Ms. Shibboo Singh
3rd Floor,
207 Regent Street,
London – W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268 
Email:
Website: Future Market Insights