Future Growth of Global Over-The-Top (OTT) Market: Ken Research

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Over-the-top (OTT) market is a content podium for movies and TVs proposed mostly through high-speed internet, rather than a cable or satellite provider. The OTT deployment presently has significantly underwritten to the category of video, music, podcasting, and audio streaming. OTT material can be downloaded directly and watched on request by the user. Such contents are made up of movies and TV services, and directly associated devices (PCs, tablets, smartphones, and consoles) are provided via the internet. Over-the-top services are presently relatively in the making and are principally acknowledged throughout the world as a sheering technology.

According to the report analysis, ‘Global Over-the-top (OTT) Market Segments by Device Type (Smartphones; Smart TVs; Laptops, Desktops, and Tablets; Gaming Consoles; Set-top Box; and Others); by End user (Health & Fitness, Government, Media & Entertainment, Education & Training, IT & Telecom, E-commerce, BFSI, and Other) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that some of the foremost factors determining the industry's growth are the noteworthy growth of the media and entertainment industry and the increasing demand for high-quality content streaming over smart devices. Associated to conventional cable and satellite services, OTT media services offer superior ease of access, interoperability, ease, and functionality. Furthermore, the usage of advanced services technology and the transport of custom content have created an enormous appeal for the industry, and profits are projected to quicken over the next few years.

In addition, it is projected in the future that OTT operators will propose more live streaming. With brief news reaching Periscope, Facebook Live and even YouTube, OTT content will realize an essential transformation. Broadcasters around the US work with MVPDs to deliver the ready versions of live and linear videos that can be packed into OTT offerings to improvement the market growth. Around the United States, they are delivering live and linear feeds that can serve the OTT market. As the COVID-19 pandemic began, streaming of live content, which is resourceful for the market, augmented dramatically.

Global Over-the-top (OTT) Market is sectored based on regional analysis into five foremost regions. These comprise North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Throughout the projected timeline, North America ought to have the greatest share in the entire market for Over-the-top (OTT). The total OTT market share was dominant around North America during 2020, with the area providing the superior broadband access as well as a range of operation that have already moved on to convey several HD and 4K videos. In addition, the United States has observed a strong traction in fresh services such as AT&T, ESPN, Turner Sports, and Crown Family Media Networks that propel market growth.

Asia-Pacific is predicted to expand to the greatest level of CAGR, as the OTT services offered by telecommunications providers have schedule that propel overall growth in the market. Augment in the blowout of mobile devices and public policies on video streaming podium content allow an incremental growth in the usage of OTT services. Therefore, in the near years, it is predicted that the market of over-the-top (OTT) will increase around the globe more effectively over the upcoming duration.

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Global Over-The-Top (OTT) Market Revenue Growth

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4K Set-Top Box Market by Product (Internet Protocol Television (IPTV), Digital Terrestrial Television (DTT), Over-The-Top Set-Top Boxes (OTT), Satellite, and Hybrid) andby Application (Residential and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024

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COVID Impact on Global Online Clothing Rental Market: Ken Research

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Online clothing rental denotes to services that allow individuals to rent clothing for a set duration of time online. Individuals who are comprised in sporadic activities such as weddings, theme parties, corporate parties, photoshoots, and filming may advantage from these facilities. Online apparel rental services are accessible to fashion-conscious individuals who do not have the financial means to purchase the clothing of their selecting. Furthermore, online clothing rental services are beneficial to individuals who are witnessing temporary transformations in their bodies, such as pregnant women. Rental services are a cost-effective alternative for this population, which has influenced requirements from the world market for renting online clothing.

According to the report analysis, ‘Online Clothing Rental Market Segments: by dress code type into Formal, Casual, and Traditional); by distribution channel (Online and Offline) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that significant augment in simplicity of use of online retail is the foremost driver of the world online clothing market. In addition, speedy growth in internet penetration, which boosted the market, has been witnessed in the last decade. The improvement in mobile internet technology has made the requirement for online rental even easier. In addition, an enlarged e-commerce market also assistances a high level of growth within the Asia-Pacific. In the near future, e-commerce channels will obtain the traction in the online rental market with certain restriction, such as unregulated markets, precise leasing policies, and reduced social acceptance and populace platforms.

In addition, the functional clothing is also becoming progressively essential in the global market owing to improvements in technology and the desire for individuals for enhanced results. Transforming people's lifestyles and an augmenting desire to utilization active clothing are also projected to fuel requirement for functional clothing in recent years. Continuous development of usage of online retail is the major driver of the worldwide online clothing lease market. Due to the speedy progress in telecommunications technology, the admiration of Online shopping portals has augmented rapidly in the last decade. The advancement in mobile Internet technology has made online shopping even more effectual by augmenting its requirement. In emerging markets, the speedily growing middle and company industry also extended the demographic target for online clothing rental. Such two aspects are to have a strong impact on the worldwide market for online clothing rent during the future.

Global Online clothing rental Market is sectored based on regional analysis into five major regions. Such include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Throughout the reviewed timeline, North America ought to have the greatest share in the total market for online clothing rental. The North America has a market share of roughly and is projected to see a foremost CAGR in the near future. Around the United States, the majority of shares are underwritten and CAGR are projected to be over during the predicted timeframe. Around the United States. Europe has a market share of around during 2020 and is the 2nd biggest segment. Owing to its great spending power and fashion-conscious customers in countries such as France, Italy, and the UK, Western Europe is the predominant segment in Europe.

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Global Online Clothing Rental Market Future

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Global Online Clothing Rental Services Market 2019 by Company, Regions, Type and Application, Forecast to 2024

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Scenario Of Global G.Fast Chipset Market Outlook: Ken Research

The G.fast is fundamentally a DSL (digital subscriber line) protocol for local lops slighter than 500 meter, having a performance aims between 150 Mbit/s to 1 Gbits/s, based on the length of the loop. High speed is stretched over very short loops. The foremost G.fast chipset was introduced during October 2014, and commercial hardware was introduced during 2015. The deployment of this chipset was begun from 2016. Initially G.fast chipsets were structured for loops lesser than 250 meters. During early 2015, Sckipio demonstrated G.fast conveying over 100 Mb/s approximately 500 meters. Technology utilized in G.fast chipset embraces modulation, duplex, channel coding and vectoring. 

According to the report analysis, ‘Global G.Fast Chipset Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that Broadcom Ltd. (U.S.), Sckipio Technology SI Ltd., (Israel), Metanoia Communication Inc. (Taiwan), Qualcomm, Inc. (U.S.) and many more are the key companies which recently functioning more effectively in the global G.Fasr Chipset market for leading the highest market growth and registering the great value of market share around the world while delivering the better consumer satisfaction, increasing the applications of such, developing and establishing the several research and development programs, improving the qualitative and quantitative strategies, decreasing the linked prices, analysing the strategies and policies of the government as well as corporate, implementing the policies of enlargement and profit making, employing the young and active work force, and spreading the awareness connected to the applications of such.

In addition, the G.fast chipset market globally is principally driven by the increasing the impact of national broadband plan. National broadband plan encourages various broadband plans in order to fascinate customers from around the globe. It supports government to set strategy and vision of how technology is probable to support their own country to move forward along with the transforming the technological dynamics. Implementation of broadband has shown higher impact on GDP growth and also has transformed the lives at individual level in a countless way. The effective growth in competition among broadband service providers is also functioning as a major driver in the worldwide market throughout the forecast duration. Since the broadband market is a fragmented market with several service providers, competition among them has augmented in terms of pricing and speed. To sustain in the worldwide market, they are moving forward to contrivance the latest technologies. Another factor bolstering the requirement of global G.fast chipset market is owing to the increasing requirement of ultrafast broadband services. With the advancement in technologies, it is supporting the broadband service providers to deliver the internet services with ultrafast speed. Busy lifestyles requirements for ultrafast broadband services which is accountable for the escalation of the G.fast chipsets growth.

The regional split of the market comprehends North America, Asia Pacific, Europe, Middle East and Africa and Latin America. North America is projected to have the highest market share in the G.fast chipset market throughout the predict period followed by Europe and Asia Pacific. Foremost Internet service providers in North America such as Verizon (U.S.) and AT&T (U.S.), have an enormous number of DSL subscribers. Such service providers are testing G.fast technology to intensify the broadband speed up to 1 Gbps with the usage of present copper infrastructure. Asia Pacific is projected to be one of the most gorgeous markets for G.fast chipset market worldwide.

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Global G.Fast Chipset Market

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Global Refrigerated Display Cases Market Outlook: Ken Research

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Refrigerated displays Market are commercial cooling devices utilized in retail outlets of food & beverages comprising bakeries, dairy shops, supermarkets, and food service providers such as hotels, restaurants, and cafés. The cases are optimum for products that are fresh at a controlled temperature. Such display boxes are prevailing in retail outlets. They comprise glass door food and drink goods, bakery show merchandise, display goods, open display products, multi-deck display case, countertop display cases, island cases, and wall-sited cases. They are accessible for drinking and fresh goods.

According to the report analysis, ‘Global Refrigerated Display Cases Market Segments: by Product Type (Remote Refrigerated Display and Plug in Refrigerated Display); by Product Design Type (Customized, Vertical, Horizontal, Hybrid/Semi-Vertical) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that the effective growth in the product innovation and changing technological trends and customer tastes lead to a growth in new aspects and experimentation are seen in the globally refrigerated display case market. Retail is presently competing with e-commerce to obtain a bigger part of the share for chilled foods with the implementation of RFID technology guarantees foremost market growth. The increased requirement for cooled food and increased aim on quality are projected to push significant market growth as major drivers of economic growth throughout the time frame of the forecast.

In addition, the ongoing research and development of RDC technologies have generated augmented demand in energy-efficient refrigerated products from the commercial food services industries. The growth of the cooling display market is propelled primarily by growing compliance requirements and increasing the food safety issues. As technological improvements take place, prominent brands improve the energy-efficient RDCs in various dissimilar kinds and designs to meet the increasing demands of the commercial food industry.

Not only has this, but growth in food and beverage is also projected to be propelled by augmented disposable revenues and transforming spending patterns in the economy. In addition, the requirement for refrigeration towers owing to food security is growing and concerns about hygiene are increasing. The requirement for desirable displays and new technologies, comprising 3D printing on the market, are also growing. The market potential of the food and drink sector's growth during 2020-2030 remains the most compelling.

Nonetheless, throughout the projected timeline, it is predicted that the North America ought to have the greatest share in the total market for Refrigerated Display Cases. North America will possibly continue as retailers make more room for food and drink. Requirement for cooled foods continues to enlarge due to growing demand in the market for healthy foods and varieties. In addition, it is projected, in the developing Asian Pacific region, where regions such as India and China are witnessing a shift in trends and appealing retail growth for individuals in the refrigeration display market. Therefore, in the near years, it is predicted that the market of refrigerated display cases will increase around the globe more effectively over the upcoming years.

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Global Refrigerated Display Cases Market Analysis

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Global Refrigerated Display Cases Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

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Stringent Regulations for Water Quality Management Expected to Drive Global Free Chlorine Sensors Market: Ken Research

Chlorine sensors are special electrochemical devices which are generally used for chlorine analysis. These sensors are generally designed to fit into chlorine measurement devices for extensive range of aqueous environments. They are ampere-metric sensors, which are usually used for the measurement of mono-chloramine, free chlorine, and total chlorine in the fresh water applications. Monitoring of chlorine is significant as excess the chlorine content adds an unpleasant taste to the water. Chlorine is normally used as a disinfectant in the drinking water & swimming pools and chlorine sensors measure the adequate limits presence and also continuously monitor it in the water-treatment plants & reservoirs. In the industrial usage, these sensors monitor the chlorine percentage in the gas analyzers, crude and hydrocarbon extracts in the oil & gas industry.

Free chlorine is a most vital disinfectant in water treatment owing to its easy handling and strong disinfecting effect. These free chlorine sensors are applied in food (to provide hygienic bottling and packaging), drinking water (to ensure sufficient disinfection) and pool water (to dose disinfectant efficiently). These sensors are commonly used in a variety of processes to track or quantify the chlorine concentration and thus maximize chlorine use and lowering the running costs with uncompromised production. With advanced technology, the wirelessly linked free chlorine sensors are generally designed to allow unwired data transmission to the centralized network that directly facilitates the online tracking. Growth in demand for free chlorine sensors from various industries such as pharmaceutical, power generation, water utilities, oil & gas and others with rising investments coupled with government regulations have been escalating the growth of free chlorine sensors market.

As per analysis, “Global Free Chlorine Sensors Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global free chlorine sensors market include Walchem, Emerson, Goldpoint Company, SB Control, WTW, Hach, H2trOnics, Sensorex, ENDETEC and among others. Acquisitions & partnerships of the renowned companies had helped the other companies in developing new & advanced products and this is poised to increase the chlorine sensor market.

Based on type, free chlorine sensors market is segmented as 0-2ppm, 0-5ppm and 0-10ppm. In addition, based on application, market is segmented as food & beverage production, drinking water disinfection, industrial water treatment and others. The free chlorine sensors market is driven by increase in pressure from customers for consistent water quality, followed by stringent regulations for water quality management and growth in industrialization. However, maintenance is a major challenge for market. Moreover, development of sensors with advanced technologies creates few opportunities for growth of the market. Furthermore, growth in manufacturing activities along with rapid technological changes is key trend for market.

Based on regional analysis, the North-America is a leading region in global free chlorine sensors market owing to early adoption of advanced technologies coupled with high investments in adopting them across the region. The Asia-Pacific and Europe regions are anticipated to witness higher growth rate due to growth in food & beverage industries over the forecast period. It is estimated that future of the global free chlorine sensors market will be bright as a result of growth in automotive and oil & gas industries during the forecast period.

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Global Free Chlorine Sensors Market

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Future Growth of Global P2P Payment Market: Ken Research

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Online solution allows users to transfer the funds from the bank account or credit card to another person's account via Internet, is person to person payments (P2P). The actual PayPal approach includes clients launching a secure connection amongst the accounts and a reliable party client to designate their bank account or credit card details for money transfer and reception. An alternative solution is to deliver the number of funds to be communicated with customers utilizing an online interface or mobile application.

According to the report analysis, ‘Global P2P Payment Market Segments: by End User (Real Estate Payments, Consumer Credit Payment, Student Payment, and Small Business Payment); by Transaction Mode (NFC/Smartcard, SMS, and Mobile Apps) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that the growing requirement for non-cash payments and the number of mobile and computer owners are the foremost drivers of market growth. In addition, increasing public support will deliver the ample business growth opportunities. P2P payments are delivering the consumers with greater conviction, accessibility and have shortened, faster and inexpensive transfers. Users can send and accept payments anywhere with the cell phone. This transaction is convenient for each computer to configure and recollect. Each user is his/her system administrator and can maintain his/her shared sources. Moreover, there are moderately lower total costs to create and function this form of network.

P2P payment platform focuses to minimize functioning costs by lowering the costs of physical branches, hiring, and branch management, thus growing the business growth. Peer to peer payment network suggests an effective framework to safeguard repayment mechanism for borrowers, which decreases the investor's market risk. With the assistance of a person-to-person payment service, investors can decrease the various types of market risks such as interest rate, unemployment levels, and peril of property prices, which further positively impact worldwide business development.

P2P network payment functions via Internet-based services. The data is publicly available and the online providers demand the access to their websites, giving consumers a better image of the accessible loans and categories of payment P2P network has an imaginative advantage over conventional banking structures, due to the fact that it offers higher market transparency. A prospective borrower submits an application to the podiums for approval before a loan is placed on the platform’s website, with all of the perils and interest rates obviously outlined along with the repayment duration.

It is predicted that global P2P Payment Market in Asia Pacific controlled the largest market share during the year 2020. Asia Pacific will pursue to dominate the worldwide P2P Payment. Asia Pacific region is led by China and Indonesia. The most important propelling aspect for the promising China's P2P lending market is the country's convenience of advanced FinTech facilities. In addition, limited alternative investment choices and higher returns from P2P lending have been fascinating investors in the China P2P lending market. Therefore, in the near years, it is predicted that the market of P2P payment will increase around the globe more effectively over the forthcoming years.

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Global P2P Payment Market Analysis

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Global P2P Payments Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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COVID 19 Impacts on Global Online Language Learning Market: Ken Research

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Global Language learning market

Language learning market is the term functional to the modern language learning procedure. Virtual worlds, specifically in language learning, play a proficient role in most domains. Globalization and the improvement of fresh geographies augment the cultural diversity and communication habits that comprise programs and courses in language learning. Corporates that are comprised in hospitality and retail are greatly dependent and value multilingual workers in dissimilar nations. Such entities hire local staff to their worldwide offices or educate present staff through language learning programs to meet the prerequisite.

According to the report analysis, ‘Global Online language learning Market Segments: by Mode (Non-profit, Higher Education Department (HED), Government, Consumer, K-12, and Corporate); by Product Type (Software as a Service, Applications, and Tutoring) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that Simple admittance to information, convergence with virtual reality, a sturdy approach, and the integration of modern technology are foremost drivers of the size of the online market for language learning. In addition, augmented education, increasing internet, and mobile users, and multi-lingual choice by multinational corporates give individuals working on the entire online language learning market massive growth opportunities. The major drivers of the online language learning market are globalization and the growing requirement for the cross-border communication.

The effective augment in range of improvements in tourism as well as the surging requirement for online courses serves as a conceivable catalyst on the worldwide online market for language learning. Education is seen in the majority of regions not only as a human right but also as the accountability to guarantee admittance to basic training for the residents and governments. The national governments also announce an immediate augment in investment in education to assist the crisis in worldwide education.

While, several businesses are there which are not aware of the basics of the online language learning which is projected to limit the growth of the online language learning market? In addition, admittance to internet has not penetrated to all portions of the world thus limiting the market growth.

While, the global online language learning market is sectored based on regional analysis into five foremost regions. These comprise North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. It is predicted that the Global Online language learning in Asia Pacific held the largest market share in the year 2020. The Area of Asia Pacific, followed by Europe, the Middle East & Africa, and Latin America is projected to have the greatest portion of the entire online language learning industry by 2030. Asia-Pacific region is also the fastest-growing location due to factors such as augmented the enrolment in online high schools, the proliferation of multinationals, largely young individuals searching for better jobs, augmented the mobile penetration, increased content digitization, government interventions in national online education networks, and a shortage of teachers. Therefore, in the near years, it is predicted that the market of online language learning will increase around the globe more effectively over the forthcoming duration.

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Global Online Language Learning Market Growth

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Global Online Language Learning Market 2019 by Company, Regions, Type and Application, Forecast to 2024

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Rise in Use of Display Screens Expected to Drive Global Flat Display Panel Market: Ken Research

Flat display panel is a display screen used for displaying the information in form of picture, video, text, and others. It widely provides direct interface between human & machine interactions. The use of such flat display panels are now being used over various equipments, such as smartphone, TV, tablets, PCs, and others. The technology based Innovations in display based technologies now started focusing towards reducing harmful effects towards health challenges of end user. The technological based advancements in flat display panel have further enhanced the viewing experience of user, also consuming less energy and heat. The increase in demand from applications such as automotive, coupled with technological advancements and government initiatives such as smart cities have further led to a positive impact on the growth of global display panel market globally.

As per analysis, “Global Flat Display Panel Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global flat display panel market include Omnivex Corporation, ADFLOW Networks Inc., NEC Display Solutions Ltd., Samsung Electronics Co., Ltd., AU Optronics Corporation, Panasonic Corporation, LG Display Co., Ltd., Sony Corporation, Planar Systems, Inc., Sharp Corporation and among others. Growth in participation by the renowned players in the form of increased research & development (R&D) budgets for the launch of new & enhanced products coupled with rising investments in new manufacturing facilities with an aim to meet the increasing consumer demand and gain a competitive edge in the global market also shows the potential for the growth of flat display panel market in the given time frame.

By type, flat display panel market is segregated as billboards, kiosks, signboard and menu boards. In addition, based on application, market is segmented as institutional, healthcare, commercial and infrastructural.

The flat display panel market is driven by growth in urbanization, followed by surge in demand for wearable technologies, rise in disposable income, increase in propensity of the consumer to spend on consumer electronics, rise in usage of displays for various emerging applications like digital signage across several sectors including sports, media & entertainment and growth in demand for televisions, smart-phones, and other electronic devices that comprises displays.  Apart from this, high cost involved in the production of advanced display panels is a major hindering factor for market. Moreover, rise in usage of displays for emerging applications such as digital signage, vehicles, and others create significant opportunities for market.

By regional analysis, the North-America is a leading region in global flat display panel market owing to growth in adoption of advanced technologies and rise in corporate sales sector across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to growth in investments by market players in new manufacturing facilities coupled with presence of strong manufacturing base in the globally emerging economies such as China and India over the forecast period. It is predicted that future of the global flat display panel market will be bright as a result of rise in demand for wearable devices such as smart-watches, smart bands, and fitness trackers among people during the forecast period.

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Global Flat Display Panel Market

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Rise in Number of Heavy Graphic Games Expected to Drive Global External Graphics Card Market: Ken Research

External graphics card (eGPU or external GPU) is essentially a specific graphic card, which is relatively a new concept that can help the laptop users to achieve the desktop-quality graphics by connecting an external hardware dock. These types of cards are vital and provide best graphics for gaming as well as transforming the visual experience for gamers. External graphic cards can also be used for video & graphics editing. Growth in adoption of portable computing devices including laptops is also supporting the growth of the external graphics card market across the world.  Moreover, rise in demand for animation based games like FIFA along with requirement for speed and growth in adoption of virtual reality headsets are likely to provide immense opportunities for the external graphics card market in coming years.

As per analysis, “Global External graphics card Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global external graphics card market include GIGABYTE, AMD, SK hynix, MSI, NVIDIA, ZOTAC, ASUS, RAZER, Colorful and among others. The renowned players are taking actions alongside inclinations, acquisitions, consolidations, stock dispatches, joint endeavors, and vigorous research inside the external graphics card market.

Based on type, external graphics card market is bifurcated as VGA, HDMI, DVI and others. VGA stands for Video Graphics Array cable, which is a device used to transfer the video signals. HDMI or High-Definition Multimedia Interface is a standard for simultaneously transmitting the digital audio or video from a source, such as a computer or TV cable box, TV or projector and to a computer monitor. Additionally, DVI stands for Digital Visual Interface, which is used to connect the video signals from computers to LCD monitors, projectors, HDTV displays, and cable boxes. In addition, based on application, market is bifurcated as movie, game, outdoor and others.

The external graphics card market is driven by rise in adoption of Internet of Things (IoT) enabled devices & equipment, followed by surge in adoption of smart factories, implementation of cloud-based platforms & server environments and rise in demand for high performance & energy-efficient processors and GPUs.  However, rise in adoption of alternative solutions and decrease in demand for PCs may impact the market. Moreover, growth in demand for deep learning-based applications like supercomputers is a key opportunity for market. Furthermore, rapid technological changes in the market with high consumer demands and instability in the prices of external graphic card are major challenges for market.

Based on regional analysis, the North-America region holds major share in global external graphics card market owing to presence of large sized gaming developers across the region. The Europe and Asia-Pacific regions are anticipated to exhibit higher growth rate due to rise in popularity of gaming & animation amongst the large sized youth population over the forecast period. It is estimated that future of the global external graphics card market will be bright on account of rise in number of heavy graphic games during the forecast period.

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Global External Graphics Card Market

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Rise in Security Concerns and Shift toward Encryption Technology Expected to Drive Global Hardware Encryption Market: Ken Research

Hardware encryption is an encryption process designed to secure digital data. It is a technology that prevents unauthorized data access. It also provides an extra layer of security features to avoid hacking or other online threats. The hardware encryption consists of encoding data or information into a form accessible to only authorized users and registered users. This technology eliminates the drawbacks associated to software-based encryption that impacts performance. The hardware encryption for various applications related to network and memory devices. The global hardware encryption market is expected to grow significantly owing to rise in concerns towards the data security. Hardware encryption technology assists users to protect confidential data during transmission and storage.

Hardware encryption further offers protection against various security threats and providing an effective mechanism to secure privacy of sensitive, corporate and personal data.

As per analysis, “Global Hardware Encryption Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global hardware encryption market include Maxim Integrated Products, Micron Technology, Western Digital Corp., Kingston Technology, Samsung Electronics Co., Toshiba, Thales (E-Security), Kanguru Solutions, Seagate Technology, Netapp, Winmagic, Gemalto NV and among others. Numerous hardware encryption providers are focusing on offering more efficient hardware encryption solutions to attract more clients and maximize their revenues.

Based on type, hardware encryption market is segmented as internal hard disk drive, external hard disk drives, inline network encryptor, solid-state drive, USB flash drive and others. In addition, based on application, market is segmented as transportation, IT & telecom, healthcare, aerospace & defense, BFSI and others. The IT & telecom sector is expected to witness higher growth rate due to increase in the trend of cloud computing, mobile broadband, and big data management in the telecom sector during the forecast period.

The hardware encryption market is driven by increase in complexity & risk of data breaches & brute-force attacks, followed by decline in prices of hardware encryption devices, imposition of regulatory compliances regarding protection of private & sensitive data, rise in security concerns & shift toward encryption technology due to COVID-19 and Upsurge in penetration of consumer electronics for instance smart-phones and tablets. However, limited use of encrypted devices and high capital investments may impact the market. Moreover, growth in technological advancements in encryption chips and widespread adoption of Internet of Things (IoT) technology & cloud services are leading opportunities for market.

By regional analysis, the North-America is a leading region in global hardware encryption market owing to high population density & rapid growth in the middle-class population, increase in household income, rise in advent of cloud based services and growth in IoT technology across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to rise in demand for smart-phones & tablets and growth in internet penetration over the forecast period. It is estimated that future of the global hardware encryption market will be bright as a result of widespread adoption of cloud computing during the forecast period.

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Global Hardware Encryption Market

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