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Narrowband - IoT Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2022

Narrowband-IoT Market by Device Type (Tracker, Smart Metering, Wearable), Deployment (Stand Alone, Guard Band, In Band and), by Vertical (IT, Manufacturing Agriculture, Healthcare, Automotive & Transportation) -Forecast 2022

Market Highlights

The Global Narrowband IoT market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast years.

In April 2016, Huawei and Vodafone announced the foundation of an Open IoT Lab for the product development and applications relating to NB-IoT technology. Many prominent vendors such as Huawei Technologies Co. Ltd., Emirates Telecommunications Corporation, Qualcomm Incorporated and Vodafone Group PLC among others are working towards making the IoT dream, a reality.

Narrowband IoT is a type of M2M communication technology that is specifically optimized for internet of things (IoT). The NB-IoT modules only transmit small amount of infrequent data over long period of time. The Market of NB-IoT is showing healthy growth due to the various advantages offered over conventional M2M channels such as low cost, low power consumption, long battery backup, reliable connection with wide area coverage and deep penetration. The growing demand of low power connectivity solution and increasing interest in IoT platform are driving the market of NB-IoT.

Taste the market data and market information presented through more than 40 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Narrowband-IoT Market Research Report -Forecast to 2022.

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Narrowband-IoT Market:

The usage of tracking devices and Smart meter is increasing among various industry such automotive & shipping industry, building automation, healthcare among others. NB-IoT offers wide coverage and low data rate transmission and is expected to be widely adopted by these industries for tracking and security applications among others. The increasing sensor deployment and machine-to-machine connectivity in order to manage the devices from remote locations are some of the major driving factors which are helping the NB-IoT market to achieve new heights in upcoming years.

The Major Key players of Narrowband-IoT market are: Huawei Technologies Co. Ltd. (China), Vodafone Group PLC (U.K.), Emirates Telecommunications Corporation (UAE), Telecom Italia (Italy), Qualcomm Incorporated (U.S.), China Unicom (China), Intel Corporation (U.S.), Ericsson (Sweden), Nokia Networks (Finland), Verizon Communication (U.S.) among others.

Market Research Analysis:

Market Research Future Analysis shows that Narrowband-IoT Market is growing rapidly and during the forecast period, it is expected to grow at CAGR of ~50%. Upcoming trends in the sensor technology, M2M communication, growing IoT industry with respect to autorotation and deployment of technology is expected to lead the market on new heights.

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Microgrid as a Service Market Global Trends and Forecast To 2022

Microgrid as a Service Market by Grid Type (Grid connected, Islanded), by Service Type (Software as a Service, Monitoring & Control Service, Operation & Maintenance Service), Industry (Government, Residential & Commercial, Industrial, Military & Defense) - And Forecast 2016-2022

Overview:

To address the problems associated with power resiliency, alternative energy options such as advanced microgrids are being considered. Microgrids are a distribution network of distributed energy resources (DER) that is capable of islanding regardless of being connected to a traditional utility power grid. Microgrid-as-a-Service (MaaS) or reliability-as-a-service is a new business model which can be used in generating and conserving energy without financial strain. They are a good source of income for consumers owing to its ensured reliability and resilience.

As per the analysis of Market research Future (MRFR), the global Microgrid as a Service market is expected to reach a valuation of USD 2201 Mn at a CAGR of 16% over the forecast period of 2016-2022. The global microgrid as a Service market was valued at USD 772 Mn in 2015.

Surging cases of widespread power outages caused by natural calamities and aging grid structures have resulted in a pressing need to improve energy output. MaaS offers the advantages of dynamic monitoring and scalability at an affordable rate. Rapid industrialization across the globe, especially in the emerging economies has resulted in the need for an uninterrupted flow of electricity which has further induced greater demand for MaaS. Moreover, the adoption of MaaS eliminates the need to incur upfront costs which bodes well for the market in price sensitive market. MaaS acts as an ideal solution for consumers who are more interested in low-cost, reliable services. Continuous technological advancement in the field of microgrids has also contributed to the growth of the market. Other factors driving the growth of the market include an uptick in consumer demand arising out of severe weather fluctuations, reduction in the price of distributed generation, and state incentive programs. Even though MaaS has entered the mainstream, its rapid dissemination and implementation are still met by challenges related to management struggles, and technical constraints.

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Segmentation

The global Microgrid as a Service market has been segmented based on grid type, service type, and industry.

By grid type, the global microgrid as a Service market has been segmented into Grid connected and remote/Islanded.

By service type, the global microgrid as a Service market has been segmented into Service, Monitoring & Control Service, and Operation & Maintenance Service.

By industry, the global Microgrid as a Service market has been segmented into Manufacturing, Residential & Commercial, Military, and Utility.

Regional Analysis

By region, the global Microgrid as a Service market has been segmented into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).

APAC is leading the global microgrid as a Service market. Increased demand for power due to rapid industrialization, high penetration of automation across industries in the region. In addition, government initiatives towards the electrification of rural areas in developing countries such as India, China, and Japan generate massive demand for MaaS. Additionally, increasing demand for renewable energy sources acts as a plus for the growth of the market.

North America is a significant market for MaaS which is likely to exhibit substantial growth over the forecast period. Persistent development in the power sector in the region can be credited for the growth of the market. The United States Department of Energy encourages the adoption of microgrid which has resulted in increased adoption of MaaS in various government as well as private projects.

Competitive Landscape

The notable players in the global microgrid as a service market include General Electric (U.S.), Exelon Corp. (U.S.), Eaton Corp. PLC (Ireland), Northern Power Systems Corp. (U.S.), Spirae, Inc. (U.S.), NRG Energy, Inc. (U.S.), Schneider Electric SE (France), ABB Ltd. (Switzerland), Siemens AG (Germany), and Duke Energy Corporation (U.S.).

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Mobile Biometric Security Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2025

Mobile Biometric Security and Services by Type (Fingerprint, Face, Voice, Iris), Component (Hardware, Software), Platform (Android, iOS), Industry (Banking and Finance, Law Enforcement, Military and Border control, Healthcare) - and Forecast 2016-2022

Market Synopsis:

According to the latest reports published by Market Research Future (MRFR), the global mobile biometric security and service market will grow at around 35% CAGR with a market valuation of USD 45 Bn. The thorough penetration of the smartphones, tablets, PCs, etc. has propelled the growth of biometric security and the same is expected to grow further during the forecast period (2016-2022).

Some of the factors that can push the market for mobile biometrics are cyber safety, economical in terms of time, convenience, reliability, etc. Private enterprises and government organizations are adopting mobile biometrics to increase productivity in sectors such as financial service, healthcare, etc. which is helping the manufacturers to tap growth opportunities.

Other factors which may adversely affect the market growth are lack of awareness, high cost associated with some features such as retinal scanning and iris recognition, etc.

Global Mobile Biometric Security and Service Market Segmentation:

By type, the market has been segmented into fingerprint recognition, face recognition, voice recognition, and, iris recognition. Iris recognition is the next big thing in the market which is more secure than fingerprint recognition.

By component, the market is segmented into hardware (fingerprint reader, Scanners, camera), and, software (computer software).

By platform, the market has been segmented into android, and, iOS (formerly iPhone OS). Both the segments possesses the potential for growth owing to exemplary market penetration. If shareholding in the market is to be considered, the demand and supply of android OS are more because of factors like user-friendly interface, low cost, etc.

By industry, the market is segmented into banking and finance, law enforcement, military and border control, healthcare, and, government organization.

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Regional Analysis:

By region, the market has been segmented into North America, Asia Pacific, Europe, and, Rest-of-the-World (RoW). The Asia Pacific segment will be one of the dominators of the market due to rise in security concerns coupled with exponentially increased penetration of mobile phone and electronic gadgets market. This region includes the countries with the highest demand for mobile phones as well as the prominent manufacturers of mobile phones. Therefore, the demand for mobile biometrics security and service will be fueled by a boom in the mobile phone market. Other factors responsible for the bullish trend in mobile biometrics security and service market are innovation in biometrics, introduction of next-gen technology, etc.

North America and Europe segments will exhibit an upward trend in terms of market growth owing to governments’ initiatives to support cybersecurity. The government in these regions are keen on strengthening the security infrastructure for digital platforms which has fuelled the market growth for mobile biometrics. The growing number of portable devices such as e-passport, cashless payments, etc. are being connected to the internet and services which in turn is propelling the expansion of the market.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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