Connected Living Room Market Size Worth $70.67 Billion By 2025

The global connected living room market size is projected to reach USD 70.67 billion by 2025, expanding at a CAGR of 8.6% over the forecast period, according to a new report by Grand View Research, Inc. The increasing adoption of smart TVs and smart speakers is expected to drive the growth.

The smart TVs have evolved drastically in recent years with increased connectivity and accessibility to various applications and platforms. The wireless connectivity has enlarged the televisions compatibility with a large number of complimentary devices such as smartphones and tablet PCs. This has further helped integrate various other devices with the large screen comfort of a smart TV.

The video streaming application segment is expected to lead the connected living room market over the forecast period as increasing number of households continue to subscribe for video-on-demand services. Video streaming has revolutionized the entertainment industry and video-on-demand is emerging as a potential substitute to conventional television broadcasts. At the same time, the growing trend of streaming live videos over social media and other platforms is underlining the importance of connected devices and making it evidently necessary for the masses to get acquainted with these devices. These factors are expected to continue propelling the growth of the market over the forecast period.

Asia Pacific is estimated to dominate the connected living room market over the forecast period. The number of smartphone users in the region is rising continuously as communication networks continue to strengthen and the youth population continues to increase. Moreover, the demand for smartphones, gaming consoles, and tablet PCs in the region is growing as the popularity of social media platforms among the youth population continues to grow. All these factors bode well for the regional market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/connected-living-room-market

Further key findings from the report suggest:

North America audio streaming segment was valued at USD 1.74 billion in 2018 and is expected to reach USD 3.11 billion by 2025, at a CAGR of 8.0% over the forecast period
Canada smart speakers segment is expected to reach USD 0.11 billion by 2025, registering the highest CAGR of 12.6% from 2019 to 2025
The launch of smart speakers with artificial intelligence that can be integrated with other devices is expected to drive the growth of the connected living room market over the forecast period
German video streaming segment is expected to reach USD 3.60 billion by 2025
Mexico tablets application market is expected to reach USD 0.06 billion by 2025

Enterprise Video Market Worth $33.72 Billion By 2027

The global enterprise video market size is expected to reach USD 33.72 billion by 2027, registering a CAGR of 11.6% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. The growing demand from organizations to enhance collaboration between internal and external stakeholders, and maximize customer engagement has resulted in increased adoption of solutions such as video conferencing and webcasting, drive the market growth. The rise in the number of online video viewers is anticipated to provide lucrative opportunities to the market players, as marketers are focusing on the promotion of brands through videos. In 2016, there were about 700 million video viewers, which has risen to 2.6 billion in 2019. The marketers promote brands of their clients through demos, events, explainers, and customer testimonials/case studies, among others. Moreover, proliferation of 4G-enabled mobile devices and rise in the number of Video Conferencing-as-a-Service (VCaaS) providers are expected to contribute to market growth.

The synergy of enterprise video and digital signage has enabled companies to improve brand awareness, product awareness, and customer engagement that is anticipated to drive the growth of the market. The use through signage and kiosks at branch locations is helping banks create differentiation of business strategies and increase customer value, while increasing the promotion and uptake of its products and services such as credit cards and loans, among others. Furthermore, various venture capital firms are providing funding to various start-ups involved in the development of these solutions such as Vbrick, Pexip ASA, and Grabyo, among others, which is impacting the market growth positively. For instance, in June 2018, Morgan Stanley Expansion Capital provided funding worth USD 20 million to Vbrick, a developer and provider of enterprise video software for the corporate sector.

Various companies, such as Microsoft Corporation; IBM; and Cisco Systems, Inc. are emphasizing the development of live streaming applications, which is anticipated to boost the market growth. For instance, in October 2019, IBM launched its IBM Video Streaming platform that allows users to broadcast multiple live-streamed contents. The app offers organizations to take full control over the content including transcription, ingestion, storage, and metadata content management. Governments in response to the outbreak of the COVID-19 pandemic are focusing on providing funds to law enforcement agencies in adopting these solutions for remotely carrying out their operations. For instance, in April 2020 the Ohio Supreme Court announced a funding worth USD 4 million to high courts for purchasing video conferencing systems.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/enterprise-video-market

Further key findings from the study suggest:

The incumbents in the gaming industries such as Rovio Entertainment Corporation; Activision Publishing, Inc.; and Electronic Arts Inc.; are increasingly focusing on the adoption of social media and content sharing platforms for targeting potential customers. This is expected to enhance the growth of the video content management segment
The reduction in costs provided by managed service providers is anticipated to boost the growth of the managed services segment. These services reduce the recurring in-house costs by 30 to 40%
Owing to the growing emphasis of cloud computing companies such as Amazon Web Services, Inc. and Microsoft Corporation on establishing robust security and compliance standards, the cloud segment is anticipated to grow significantly
The marketing and client engagement segment is anticipated to register the highest CAGR on account of the increasing demand for influencers from various advertising and marketing firms
In July 2019, Amazon Web Services, Inc. included Dynamic Adaptive Streaming over HTTP capability in its Amazon Kinesis Video Streams that will enable developers to playback their ingested streams using HTTP-based media streaming protocol. Such initiatives are expected to drive the growth of the adaptive streaming delivery technique segment
The SME segment is anticipated to expand at the highest CAGR over the forecast period on account of increasing adoption of freemium-based solutions such as Zoom Video Communications, Inc.
Various government agencies including the U.S. Department of Health and Healthcare U.K., among others are focusing on holding webcasts such as NYS Health Research Science Board Business Meeting & Public Hearing held in May 2020. It is expected to drive the growth of the healthcare segment

Millimeter Wave Sensors & Modules Market Worth $671.0 Million By 2027

The global millimeter wave sensors and modules market size is estimated to reach USD 671.0 million by 2027, expanding at a CAGR of 37.7% from 2020 to 2027, according to the new report by Grand View Research, Inc. The MMW (millimeter wave) sensors and modules are beneficial in extreme weather and low visibility conditions, such as fog, smoke, thunderstorm. These devices perform relatively better than infrared-based or microwave-based sensor technologies.

The MM wave sensors and modules are extensively used in applications across various sectors, such as military and defense, telecommunication, automotive, security, and healthcare. Increasing demand arriving from all these industrial and commercial sectors is further expected to catapult the market at a considerable pace. The usage of wireless and mobile networking equipment has risen drastically in the last few years. Increasing number of internet-driven applications and solutions is resulting in an augmented need for large amount of data transfer among various devices in the mobile connectivity ecosystem. This is expected to develop high-speed data transfer devices, wherein millimeter-wave modules and sensors are extensively used.

Major application areas of these devices include telecommunication, military and defense, security services, and medical and healthcare. Recent developments and continuous research and progress in the telecom industry are likely to lead to the evolution of the 5G technology.

Millimeter wave sensors and modules are anticipated to play a vital role in the development of fifth-generation technology owing to the need for higher bandwidth. The 5G technology is predicted to emerge in the coming years and the market is likely to witness its significant adoption. Eventually, demand for MMW sensors and modules is expected to boost, thus propelling the overall market growth, particularly across the telecom industry.

Increased government funding and initiatives, coupled with R&D activities carried out by the public and private sectors, are driving the market. E-band frequencies have extensive applications in the telecommunication sector and the segment is anticipated to generate the largest revenue over the forecast period on account of its growing applications in the sector. Therefore, the overall market is poised to witness significant growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/millimeter-wave-sensors-modules-market

Further key findings from the study suggest:

North America accounted for the largest market share in 2019 owing to the early adoption of the MMW technology
Based on frequency band, the E-band segment is anticipated to witness the fastest growth over the forecast period owing to its extensive adoption in telecom applications
Asia Pacific is expected to witness the fastest growth over the forecast period owing to growing urbanization and competitive rivalry amongst the telecom service providers for offering superior quality internet and other related services to expand customer base.

Mobile Virtual Network Operator Market Worth $109.9 Billion By 2027

The global mobile virtual network operator market size is expected to reach USD 109.9 billion by 2027, registering a CAGR of 7.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. The growing demand for data services and increasing number of mobile users across the globe is expected to drive the market. In addition, the increasing number of services such as cloud, Machine to Machine (M2M), and mobile money are further expected to drive demand for mobile virtual network operators over the forecast period.

The growing demand to access mobile applications, social media, and multimedia services is further expected to propel the growth of the market over the forecast period. The declining prices of smartphones are contributing to the accelerating subscriber penetration across the globe is expected to fuel the growth of the market. Furthermore, increasing partnerships formed by key players for providing high-speed data services to consumers is anticipated to drive market growth over the forecast period.

Favorable government guidelines for mobile virtual network operators (MVNOs) allow them to access the Single Wholesale Network (SWN) and the mobile operator networks, as well as eliminate national roaming charges. This is expected to drive the growth of the market over the forecast period. The increasing government initiatives, such as the Digital Single Market (DSM) strategy, to eliminate copyright issues and geo-blocking problem and to provide better network service access for consumers in the Europe is expected to drive growth of the market over the forecast period.

The presence of a large number of players in the MVNO market has led to increased competition among service providers. This has led companies to offer mobile services at cheaper rates, which is expected to strengthen the market growth. The mobile virtual network operator model is considered cost-effective and time-efficient to enter in the telecom market to benefit the customers. This is expected to provide potential opportunities for new entrant in the market over the next eight years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/mobile-virtual-network-operator-mvno-market

Further key findings from the study suggest:

The discount segment is expected to register phenomenal growth over the next eight years. High competition among mobile virtual network operator service providers to provide better and low-cost services coupled with the growing consumer preference for services offered at a discount is expected to drive the demand for the discount segment
The service operator segment is expected to witness the fastest CAGR over the forecast period as it provides various service platforms such as voicemail and missed call notification
The consumer segment is projected maintain its dominance over the next eight years. This growth can be attributed to mobile virtual network operators that provide customer centric offerings such affordable data and voice plans and latest technology
Asia Pacific is expected to emerge as the fastest-growing regional mobile virtual network operator market over the forecast period. The growing demand for an efficient cellular network coupled with increasing speed of mobile broadband are expected to propel the growth of the market in Asia Pacific region.
Key industry participants in the market include Lebara Group; Lyca Mobile; TalkTalk Group; Giffgaff; Poste Mobile SpA; Virgin Mobile; and TracFone Wireless Inc.