South Africa Car Rental and Leasing Market is Driven by the Expansion of User Base Due to the Rising Popularity of E-Hailing Cab Services in the Country: Ken Research

Increasing population and internet penetration along with increasing business car rental due to consistent bookings from corporate customers to attend events such as exhibitions, conferences, workshops and meetings projects has driven the growth of car rental and leasing market in South Africa.

South Africa Car Rental and Leasing market augmented positively from 2013 to 2018 at a positive CAGR during the review period 2013-2018. The car rental and leasing market was largely dominated by foreign companies operating in the country including Avis, Hertz, Budget and Europcar. Car rental and leasing market in South Africa was driven by business car rental due to consistent bookings from corporate customers to attend events such as exhibitions, conferences, workshops and meetings. Industry players also formed strategic partnerships with each other to boost sales. In 2013, online cab aggregators entered the South African transportation industry with the launch of Uber in Johannesburg. Uber and Taxify are the major players in the cab aggregator market. At numerous occasions, violence has erupted between metered taxi operators and online cab aggregator drivers in the country as the metered taxi operators accused the online cab aggregators of stealing business and competing unfairly due to low fares which could not be matched.

Analysts at Ken Research in their latest publication “South Africa Car Rental and Leasing Market Projections to 2023 - By Business Model (Self Drive, Cab Aggregator, Car Leasing, Minibus Taxi, Metered Taxi and Airport Transfers) and By End User (Mining, Logistic & Courier and Others)” believe that greater flexibility in car hiring system by corporate booking and long term leasing services companies, strict implementation of rules for governing taxi market, better access to internet services at reasonable rate, promotion of ride sharing, provision of more value added services, improvement in driver and rider safety and tie- ups and collaborations between different companies will aid the car rental and leasing companies and cab aggregators to grow and achieve higher profits.

South Africa Car Rental and Leasing market is highly concentrated with the presence of few big players constituting majority of the market. The major competition parameters are price, fleet variations, value added services offered, age of the car and ease of availability. A major reason for increase in car rental and leasing market will be utilization of rental and leased vehicles for executing jobs in app based taxi market. Hence, as the online cab aggregators market expands, it will also increase the demand for car rental and leasing market. The roll-out programme for e-Visas in South Africa along with the low valuation of rand should make South Africa a thriving tourist destination for foreign travelers in the future, thus expanding the car rental industry too. Moreover, businesses such as renting a car on per day basis to professional drivers for use as a commercial purpose such as using it for ferrying tourists or for using it to fulfill short term needs of other companies is expected to increase the revenues of car rental and leasing companies in the future.

Keywords:-

South Africa Car Rental And Leasing Market

Self Drive Market South Africa

South Africa Cab Aggregator Market

Northern South Africa Taxi Market

Southern South Africa Taxi Market

Eastern South Africa Taxi Market

Western South Africa Taxi Market

South Africa Taxi Market

Challenges South Africa Car Rental

Minibus Taxi Market In South Africa

Metered Taxi Market In South Africa

Airport Transfers In South Africa

Fuel Prices In South Africa Taxi Market

Transport Structure In South Africa

South Africa Tourism Taxi Market

South Africa Uber Market

South Africa Taxify Market

South Africa Uber Company Profile

South Africa Hertz Company Profile

South Africa Europcar Company Profile

South Africa Avis Company Profile

Key Segments Covered:-

South Africa Car Rental and Leasing Market:

By Region:

Northern South Africa

Southern South Africa

Eastern South Africa

Western South Africa

By Type of Booking:

Online Booking

Offline Booking

By Type of End Users:

Mining Company Executives

Logistic and Courier Companies

Financial Institutions, Consultancy, Hospitality Industry and Others

South Africa Cab Aggregator Market:-

By Region:

Northern South Africa

Southern South Africa

Eastern South Africa

Western South Africa

Key Target Audience:-

Car Rental Companies

Car Leasing Companies

Online Cab Aggregators

Taxi Companies

Private Equity Ventures

Time Period Captured in the Report:-

2013-2018 – Historical Period

2019-2023 – Future Forecast

Companies Covered:-

Car Rental and Leasing Companies:-

Avis Budget Group Inc, Europcar Groupe SA, Hertz Corp, First Car Rental SA and Imperial Holdings Ltd, Uber and Taxify

To know more, click on the link below:-

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/south-africa-car-rental-leasing-market/181686-100.html

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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
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The Demand of Global Automotive Plastics is driven by the Increasing Safety Measures in the Automotive Industry, followed by Growing Demand of Light-weight Cars over the Forecast Period: Ken Research

Automotive plastics are plastics used for automotive applications for developed exterior & interior components like doors, bumpers, windows, headlight, trunk lids, hoods, grilles, side view mirror housing and wheel covers. The major advantage of using automotive plastic is the minimal decomposition in the vehicle market. Moreover, the other major benefit includes flexibility for the integrating components, reducing the overall weight, increase in the fuel efficiency and recyclability of the high-performance plastic.

According to study, “Global Automotive Plastics Market Size study, by Product (Polypropylene, Polyurethane, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polyamide, High Density Polyethylene, Polycarbonate, Polybutylene Terephthalate, Others), by Application (Interior, Exterior, Under Bonnet) and Regional Forecasts 2018-2025” the key companies currently working in the global automotive plastics market are Magna International Inc., Adient PLC, Compagnie Plastic Omnium, A. Schulman, Inc., Asahi Kasei Plastics, Arkema, BASF SE, Braskem, Covestro AG, Borealis AG, Celanese Corporationuth America, DSM Engineering Plastics B.V., Daicel Polymer Ltd., Evonik Industries AG, DowDuPont, Grand Traverse Plastics Corp., Exxon Mobil Corporation, Grupo Antolin-Irausa S.A., Hanwha Azdel, Farplas, Lear Corporation, Lanxess, LG Chem, LyondellBasell Industries Holdings B.V., Lumotech (Pty) Ltd., Magna International Inc., Owens Corning, Momentive, Quadrant group of companies, Omni Plastics, Saudi Basic Industries Corporation SJSC (SABIC), DowDuPont, Seoyon E-Hwa, Toyota Boshoku Corporation, Teijin Limited, Total (Polyblend), Zoltek Companies, Inc. (Toray Industries, Inc.), Trinseo.

Based on the product, the automotive plastic market is segmented into Polypropylene (PP), Polymethyl Methacrylate (PMMA), Polyvinyl Chloride (PVC), Polycarbonate (PC), Polyethylene (PE), Polyamides and Polyphenylene Sulfide (PPS). PC offers excellent properties for weathering, thermal, optical, & electrical with an exclusive combination of stiffness, hardness and toughness. Based on the vehicle type, the market is segmented into heavy commercial vehicles, light commercial vehicles and passenger cars. Based on the application, the market is segmented into automobile interior, under-the-hood, automobile exterior, chassis, electrical components and others.

The Corporate Average Fuel Economy (CAFE) regulation in the North American has led to automobile OEMs to look for the alternative methods of vehicular load reduction in order to improve the effectiveness. The light weight is one of the important factors to comply for the fuel consumption.

The global automotive plastics demand is driven by the increasing safety measures in automotive industry, growing demand for light-weight cars, increasing demand of passenger car followed by rising need of fuel-efficient vehicles (by reducing weight). However, market is impacted by some of the major restraints such as high material costs, high investment in material research activities and lengthy & exhaustive process for manufacturing of engineering plastics. The market is expected to witness a substantial demand due to increase in demand for electric & hybrid vehicles are expected to provide a big opportunity to the market.

The Asia-Pacific region holds significant market share of the global automotive plastics due to rising disposable income and growing production of vehicles. It is expected that the market to reach at US $68.5 billion, by 2025. In upcoming years, it is expected that the automotive plastic market to grow rapidly owing to the rising technological advancements.

For more information, click on the link below:

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/automotive-plastics-market/175264-100.html

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South Africa Car Rental and Leasing Market Projections to 2023: Ken Research

The report titled “South Africa Car Rental and Leasing Market Projections to 2023 - By Business Model (Self Drive, Cab Aggregator, Car Leasing, Minibus Taxi, Metered Taxi and Airport Transfers) and By End User (Mining, Logistic & Courier and Others)” provides a comprehensive analysis on the Car Rental and Leasing and Cab Aggregator industry of South Africa. The report covers introduction on South Africa Car Rental and Leasing market, business model of car rental and leasing companies, market size by revenue (2013-2018), market segmentation on the basis of region, type of booking, type of end user, competitive landscape in the industry, shares and company profiles of major players in the market, future outlook for the market (2018-2023) including estimated market size in terms of revenue, market segmentation on the basis of region and type of booking, issues and challenges and growth drivers for the market. The report also includes an introduction on South Africa Cab Aggregator market, business model, market size by revenue (2014-2018), market segmentation on the basis of region, competitive landscape in the industry, shares and company profiles of major players in the market, future outlook for the market (2018-2023) including estimated market size in terms of revenue and regulatory norms in South Africa taxi market. There are snapshots on the Minibus Taxi Market, Metered Taxi Market and Airport Transfers in South Africa.

The report is useful for car rental and leasing companies and cab aggregator companies along with venture capital funds and investors in automobile and transportation sector to align their market centric strategies according to ongoing and expected trends in the future.

South Africa Car Rental and Leasing Market

South Africa Car Rental and Leasing market augmented positively from 2013 to 2018 at a positive CAGR during the review period 2013-2018. The car rental and leasing market was largely dominated by foreign companies operating in the country including Avis, Hertz, Budget and Europcar. Car rental and leasing market in South Africa was driven by business car rental due to consistent bookings from corporate customers to attend events such as exhibitions, conferences, workshops and meetings. Industry players also formed strategic partnerships with each other to boost sales.

In 2018, Cape Town and Port Elizabeth are the major markets for car rental and leasing in the southern part of the country, being a major destination for business tourism and an employment hub in the country. Offline booking was the major source of bookings as compared to online bookings in South Africa car rental and leasing market. Direct booking through company website had the major market share within the online booking market for car rental and leasing while booking through intermediaries mainly including booking through third party websites such as CarFlexi, Economy Car Rentals, Kayak or by other travel agencies had a smaller share in the online booking market. In 2018, Logistics and Courier companies continued to be the largest end user for car rental and leasing market followed by Mining Company Executives. Other end users included Financial Institutions, Consultancy, Hospitality Industry and other industries.

South Africa Car Rental and Leasing market is highly concentrated with the presence of 5 big players constituting majority of the market. Avis Budget Group Inc, Europcar Groupe SA, Hertz Corp, First Car Rental SA and Imperial Holdings Ltd are the major players in the market. Utilization of rental and leased vehicles for executing jobs in app based taxi market, increase in tourism in the country due to the roll-out programme for eVisas in South Africa and the low valuation of Rand, rising number of middle income families and the improving economic scenario are some key factors that are expected to drive the market.

South Africa Cab Aggregator Market

In 2013, online cab aggregators entered the South African transportation industry with the launch of Uber in Johannesburg. Thus, Uber became the first app-based online cab aggregator to operate in South Africa. Uber and Taxify are the major players in the market. Online cab aggregators have expanded the market beyond the existing market of traditional metered taxis. At numerous occasions, violence has erupted between metered taxi operators and online cab aggregator drivers in the country as the metered taxi operators accused the online cab aggregators of stealing business and competing unfairly due to low fares which could not be matched.

In 2018, the major markets in Northern region in South Africa for online cab aggregators are Johannesburg and Pretoria. This is majorly due to the large populations in these cities.

South Africa Cab Aggregator market is highly concentrated with the presence of two big players constituting majority of the market. Uber was the market leader followed by Taxify. The major players are competing in the market on the basis of price, commission charged, ease of availability, waiting time for customers, training of drivers, value added services offered, app design and user interface and promotional activities and offers.

The market size of the online cab aggregator market is expected to augment at a positive CAGR for the period 2018- 2023. The huge drop in the growth rate is expected as even though the online cabs have been expanding at a tremendous rate till now, they are expected to reach a saturation point in the near future. Their growth will also be restricted by the low paying capacity of most of the people in the country. In the long run, it is expected that market will be largely dominated by two or three players only. The number of rides is expected to register constant growth as companies expand their presence to more cities. The online cab aggregator companies may also introduce the concept of share rides in the country, which is already functional in more developed markets around the globe.

Key Segments Covered:-

South Africa Car Rental and Leasing Market:

By Region:

Northern South Africa

Southern South Africa

Eastern South Africa

Western South Africa

By Type of Booking:

Online Booking

Offline Booking

By Type of End Users:

Mining Company Executives

Logistic and Courier Companies

Financial Institutions, Consultancy, Hospitality Industry and Others

South Africa Cab Aggregator Market:-

By Region:

Northern South Africa

Southern South Africa

Eastern South Africa

Western South Africa

Key Target Audience:-

Car Rental Companies

Car Leasing Companies

Online Cab Aggregators

Taxi Companies

Private Equity Ventures

Time Period Captured in the Report:-

2013-2018 – Historical Period

2019-2023 – Future Forecast

Companies Covered:-

Car Rental and Leasing Companies:-

Avis Budget Group Inc, Europcar Groupe SA, Hertz Corp, First Car Rental SA and Imperial Holdings Ltd, Uber and Taxify

Key Topics Covered in the Report:-

Introduction on South Africa Car Rental and Leasing Market

Business Model of Car Rental and Leasing Companies

South Africa Car Rental and Leasing Market Size by Revenue (2013-2018)

South Africa Car Rental and Leasing Market Segmentation on the Basis of Region, Type of Booking, Type of End User

Competitive Landscape in the South Africa Car Rental and Leasing Industry

Shares and Company Profiles of Major Players in the South Africa Car Rental and Leasing Market

South Africa Car Rental and Leasing Market Future Outlook (2018-2023) Including Estimated Market Size in Terms of Revenue, Market Segmentation on the Basis of Region and Type of Booking.

Introduction on South Africa Cab Aggregator Market

Business Model of Cab Aggregator Companies

South Africa Cab Aggregator Market Size by Revenue (2014-2018)

South Africa Cab Aggregator Market Segmentation on the Basis of Region

Competitive Landscape in the South Africa Cab Aggregator Industry

Shares and Company Profiles of Major Players in the South Africa Cab Aggregator Market

Future Outlook for the South Africa Cab Aggregator Market (2018-2023) Including Estimated Market Size in Terms of Revenue

Regulatory Norms in South Africa Taxi Market

Issues and Challenges

Growth Drivers

Snapshot on the Minibus Taxi Market in South Africa

Snapshot on the Metered Taxi Market in South Africa

Snapshot on the Airport Transfers in South Africa

To know more, click on the link below:-

https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/south-africa-car-rental-leasing-market/181686-100.html

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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Increase in Use of Smart Phones Followed by Rise Interest for Games Expected to Boost Digital Gaming Market in the Latin American Region : Ken Research

According to study, “Latin America Digital Gaming Market (2018-2023)” some of the major companies that are currently working in the Latin America digital gaming market are Activision Blizzard, Zynga, Electronic ArtsGames Pvt. Ltd., Hoplon Infotainment, Sony Corp., Playtronic, Microsoft Corporation, Tectoy Inc., Nucleosys Inc., NGD Studios, Take Two Interactive.

Digital Games are the most profitable sectors of the media and entertainment industry. It includes gamesthat are played on mobiles, PCs, and Consoles. It provides a virtual atmosphere limitless with physical space or concrete access to learning resources. It also assists students by providing practical examples of perceptions and rules that are difficult to point up in the real world. It is used for teaching facts that recall(knowledge, rotelearning or memorization
), complex problem solving, principles (effect relationship & cause) and to boostthe creativity. Some of the booming applications of digital gaming industry are military & firefighter training, mobile development &augmented reality and fitness-mental & physicalhealth applications.

On the basis of genres, the digital gaming market is segmented into role- play action genres, shooter, strategy, puzzles, adventure games, racing games, role playing games (RPG), sports, plat formers and other genres. A shooters genre is sub-segmented into scrolling or static.In scrolling shooters, only part of the combat zone is displayed & screen scrolls vertically or horizontally.

Some of the key benefits are use as didactic means, improvement of physical and mental abilities, develop empathy, encourage teamwork, increase the sense of skill and confidence, foster positive values and use as leisure & entertainment etc. However the major drawbacks are increase in the aggressiveness, affect the life in negative way and create addictionand many others.

Recently, in Latin America, the marketing and distribution of digital games isremarkably well.In addition, the companies such as Microsoft and Sonyfurther have new plans for their console markets in the region that are open to self-governing developers & small studios, which are responsible for building upconsole gaming in the region.

The Latin America digital gaming is driven by growing use of smart-phone, followed by favorable environment for the technology development, increase in the aging population, improvement in technology, increasing disposable income, rise in the affordability of the people and government regulation & policies. In addition, low budget games havealso made in region owing to the economic restrictions. The region also has the improvement area of internet connectivity in countries such as Paraguay and Costa Rica adding challenge in the development of digitally downloadable& online games.

Latin America is an emerging market for digital gaming. Digital gaming is further recognized as an important part of the industry endorsement agencies& their business procedures. Video game segment holds the largest market share in region.It is expected that the Latin America digital gaming market to grow at a US$ 6.2 billion, at a CAGR of 11.4 %, by 2023. In near future, the market is expected to boost owing to the rise in gross domestic products (GDP) in the region.

To know more, click on the link below:

https://www.kenresearch.com/media-and-entertainment/gaming-and-gambling/latin-america-digital/172563-94.html

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Landscape Of The Europe 5g Market Outlook: Ken Research

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The market of 5G in Europe has grown more significantly with the effective development in the technology and drastic improvement in the infrastructure of the economy. Whereas, 5G is the fifth generation of cellular mobile communications which promise to deliver higher system capacity, massive device connectivity, targets high data rate, decreased latency, energy savings, and several others. Moreover, the features of the 5G network involve ultra-low latency, extremely high bandwidth and high-density connections, are anticipated to support many new use cases that are incredible to be done via older network standards. Furthermore, the fifth generation of mobile technology is projected to cater to the demand and deliver the business framework needed by and beyond 2020. The 5G in mobile devices seems to be a new and effective transformation in the global digital connectivity ecosystem. Therefore, with the effective applications and features, the market of 5G in Europe will grow more significantly in the near future.

According to the report analysis, ‘Europe 5G Market (2018-2025)’ states that there are several key players which are recently performing in this market more effectively for dominating the highest market share by adopting the effective strategies and policies with the developed techniques of doing work include Deutsche Telekom, Telefonica, Vodafone, Orange, BT, and several others. In addition, for leading the connected society, the developed wireless technology of 5G will bring about socio-economic transformations with effective sustainability, productivity, and well-being. Furthermore, the focused key players of this market are playing an important role by doing developments in the technology and techniques which further proved to be beneficial for leading the fastest market growth in the short span of time. The Europe 5G market is predicted to enlarge at an overall compound annual growth rate (CAGR) of 141% and will be worth of 47.6 Billion by 2025.

According to the recent study which accompanied with maintenance from the European Commission apprised that the total number of IoT connections across the EU could reach 6.0 Billion by 2020, and will creäte total revenue of EUR1.2 Trillion (comprising software, hardware, and services). However, unsurprisingly, many of the key players of this market in Europe are benefitted with the joint ventures and merger and acquisitions for ruling across the globe smoothly for attaining the huge market share more significantly.

Moreover, with the effective advantages, the market of 5G in Europe is spread across the region. Therefore, based on the region the market of 5G in Europe is categorized into EU 5G market and the rest of the Europe 5G market. Moreover, the Europe region is predictable to hold an effective market share due to the countries like the United Kingdom, and Italy is making efforts to test 5G networks in 2018 and launch 5G smartphones by next year. Furthermore, it is expected that in the near future the market of 5G in Europe will grow more significantly over the recent few years with the effective investment by the newcomers.

To know more, click on the link below:-

https://www.kenresearch.com/technology-and-telecom/telecommunications-and-networking/europe-5g-market-2018-2025/172792-105.html

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Increase in Demand of the Plastic Materials from the Emerging Nations Followed by Low Cost Technological Alternative to Drive the 3D Printing Plastics Market: Ken Research

3D printing plastics are a thermoplastic. They include elastomers based on polybutadiene which makes them more flexible. They are also used for the development & production of advanced custom polymers & compounded products. They offer many advantages such as easily accessible, creative designs & customization freedom, supplies better quality and implement assorted raw material, less waste production, and reduce risk.

According to study, “Global 3D Printing Plastics Market Size study, by Type (Photopolymer, ABS, Polyamide, PLA, Others), by End-User (Healthcare, Aerospace &Defence, Automotive, Electrical & Electronics, Others), by Form (Filament, Liquid/Ink, Powder) and Regional Forecasts 2018-2025” some of the major companies that are currently working in the global 3D printing plastics market are Stratasys, Ltd., 3D Systems Corporation, Golden Plastics, Royal DSM N.V., Arkema S.A., ColorFabb, Oxford Performance Materials, Eos GmbH Electro Optical Systems, CRP Group, Polymaker, Envisiontec GmbH, BASF 3D Printing Solutions GmbH, Shenzhen eSUN industrial Co. Ltd., Materialise NV, Saudi Basic Industries Corporation (SABIC), Evonik Industries AG, Clariant, Dowdupont Inc., HP Inc., Ninjaflex, Airwolf3D, Taulamn3D, Matterhackers Inc.

Based on the type, the 3D printing plastics market is segmented into polyamide or nylon, photopolymer, Polyether Ether Ketone (PEEK), Poly Carbonate (PC), Polyethylene Terephthalate Modified Glycol (PETG), Polylactic Acid (PLA) and Acrylonitrile Butadiene Styrene (ABS). Based on the form, the market is segmented into filament, powder and liquid or link. Based on the technology, the market is categorized into Selective Laser Sintering (SLS) and Fused Deposition Modeling (FDM). Based on the application, the market is segmented into manufacturing and prototyping. Based on end-user, market is segmented into electrical &consumer electronics, fashion & aesthetics, healthcare (dental, implants & prosthetics and tissue engineering), automotive, aerospace & defense (engine & engine parts, prototyping and repair application) and others (architecture and academic).

The global 3D printing plastics registered an increasing supply of the products owing to the advance integration of the key polymer organizations &growing adoption rate of 3D printing plastics across end-user. Moreover, the increasing awareness of plastic materials in the emerging countries like India is one of the key factors enhancing the market opportunities. Apart from advantages, some of the major restraint factors are lack of acceptance of new technologies in emerging economies, high manufacturing costs of the commercial grades of 3D printing plastics, environmental concerns regarding the disposal of these products and evolving 3D printing technologies etc. Moreover, the new opportunities including the entry of tech giants, and enterprises market, production of low-cost 3D printing materials and evolving start-ups & their partnerships with key players in market. The increasing demand of consumer goods appearing as a significant use of 3D plastic products on an account of the reduced lead time offered by additive manufacturing techniques. The innovative additive manufacturing solutions enable production of designer parts with complex geometries, easing the manufacturers to cater to rising consumer needs for personalized/customized parts

The North American region is the foremost region across the world in terms of market share due to industrial progression & extensive investments for dedicated research & development (R&D) facilities followed by the Asia-Pacific region is also expected to show a high growth rate due to favorable government policies & mounting usage of polymers for the mass production. It is estimated that this market will be reached US $1.9 billion, by 2025.

For more information, click on the link below:

https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/printing-plastics-market/175312-101.html

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Rising Landscape Of The Worldwide Smart Roads And Bridges Market Outlook: Ken Research

The smart roads and bridges market has expected to become one of the developing markets in the recent trend with the introduction of automated vehicles. As with the establishment of such vehicles the risk of unpredictability has increased in the smarter world-smart roads and bridges are the addressed happening on the roads such as breakdowns, repair situations in advance and traffic congestion. In the same way, the smart bridges are those which are technologically advanced and the alert the respectable maintenance department for nay uncertainties prior to their occurrence. Additionally, the key players of this market are dominating the attractive amount of market share around the globe and expected that in the next 5 years the market of smart roads and bridges is anticipated will grow more significantly.

According to the report analysis, ‘Worldwide Smart Roads and Bridges Market (2016-2022)’ it states that there are several key players which are recently functioning in this market more significantly for accounting the highest market share around the globe by adopting the effective techniques of doing work with the advanced developments in the relatable technologies includes IBM, Cisco, Alcatel Lucent, Siemens, Kapsch, TrafficCom, Accenture, General Electric, Intel, LG CNS, Huawei, CTS Corporation, Indra Sistemas and several others. Moreover, the key players of this market are adopting the effective market strategies and policies for leading the fastest market growth in the short span of time after analyzing and studying the key strength of growing of the competitors. Furthermore, the sensors and GPS trackers are the main end-products being accepted in the period of construction of smart roads and bridges. This opportunity has concluded in the significant increase of sensor companies to vastly invest in the technological innovations in the sensor industry.

Although, according to the Research, the Worldwide Smart Roads and Bridges Market are anticipated to reach 2,660.0 million by 2022, increasing at an effective CAGR of around 24.1% during the forecast period of 2016-2022. Significant growth in the vehicle ownership, rising traffic congestion, unpredictable hazards because of the natural calamities are influencing the governments to aim on the development of digital infrastructure. Furthermore, the innovations in IoT and growth in the R&D investments from big corporations for the enhancements in sensors are also contributing to the growth. The worldwide growth in the road accidents is one of the prominent drivers for accepting the smart technology in roads and bridges. There is an increased interest across the administrations and major companies are going after the prospective in the smart roads and bridges market.

The prominent technology players are serving more innovative solutions for constructing the most efficient and developed roads and bridges for the coming decades. New players are willing to enter in the market and key players are attaining new players who are coming up with innovative technology serving for the betterment of their product portfolio. Therefore, in the near future it is expected that the market of smart roads and bridge will increase more significantly over the recent few years.

To know more, click on the link below:-

https://www.kenresearch.com/technology-and-telecom/it-and-ites/worldwide-smart-roads/173105-105.html

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Shift towards Cashless Economy to Influence the Growth Substantially in Payment Security Market in the European Region : Ken Research

According to study, “Europe Payment Security Market (2018-2023)” some of the major companies that are currently working in Europe payment security market are PayPal ThreatMark, Ingenico Group, Securion Pay, Skrill, Elavon, ClearXchange, Google Wallet, Dwolla, Square, Ribbon.

The payments industry is adding a significant movement of the infrastructure revolutions, which is essential to compete professionally with non-bank innovators and progress the customer requirements. In the past few years, the major economically driving countries have updated their payment systems and new developing economies are scheduling to upgrade it further. Digital payments aid merchants in maintaining agreement with other third party companies which is further anticipated to bolster the growth of the payment security market. The rising security concern to drive the payment security with the use EMV chips cards in the online stores and brick and mortar locations in are the major targets for the cyber frauds and data forgeries. The Payment security is a security advance that relies on several layers of analytics, technology and security practices to defend the payment system & reduce the frauds. It is further classified into mobile payment security software, online payment security software and security & point-of-sale (PoS) systems.

On the basis of components, the market is segmented into solutions and services. Solution market is sub-segmented into tokenization, encryption, fraud detection and prevention. The services market is sub-segmented into support services, integration services, and consulting services. On the basis of application, the market is segmented into retail, BFSI, healthcare and government divisions. In addition, on the basis of end user, the market is segmented into travel & hospitality, retail, healthcare, education, IT and telecom, media & entertainment, and others.

The Europe payment security is mainly driven by increased emphasis of safer & shorter transaction time, rapid adoption of mobile biometrics, security vulnerabilities in third-party mobile payment provides increased security breaches. The shift towards cashless economy is also influencing the growth substantially, as non-banking players to adopt various cashless transaction platforms, digital wallets, mobile money, and virtual currencies. Overall, the future of the global payment security software market to look bright. However market also faces the key challenges of the strict government regulations, execution of innovative security solutions, competitive rivalry among existing competitors and retailer payment policies.

Nowadays, banks also started using technologies and upgrading the initiatives of blockchain, open Application Program Interfaces (API), instant payments & mobile wallets, which are accountable for boosting customer experience and increasing the demand for the payment security. In addition, some government regulations like Payment Services Directive (PSD2) is responsible for rising implementation of open Application Programming Interface (APIs).

Europe is the one of the largest payment security market owing to foremost contribution from the France, UK, Germany, and Spain. The region is the leading revenue caused by increasing demand of online payment security which distinguishes the fault analysis of the system. It is anticipated that this market to grow by US$ 7.1 billion, at a CAGR of 14.7 %, by 2023. In near future, it is predicted that the market to boost due to rising security concern and rising demand of e-commerce services by implementations of Europay Mastercard and Visa (EMV).

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