Market outlook of the document scanner market
Technavio’s research analyst predicts the global document scanner market to grow at a CAGR of 14% during the forecast period. The growing need to scan large quantities of complex documents automatically will increase the demand for document scanners. The increasing use of the portable scanner that can be connected to the computing devices drives the document scanner market. Portable document scanners are in high demand for their flexibility. Many SMEs prefer portable document scanners for its cost benefits as against conventional document scanners.
The lower price of alternatives such as multi-function peripherals or printers (MFPs) can hinder the market growth for the document scanners. The growing usage of MFPs, which can perform multiple functions like printing, faxing, scanning, and photocopying is a challenge for this market.
Product segmentation of the document scanner market
The hardware segment dominated the market during 2015 with a market share of 60% in terms of revenue. However, the software segment is gaining more importance since enterprises are demanding customized workflow system in relation to document scanners. Technavio expects the software segment to contribute significantly and surpass hardware segment’s share by the end of the forecast period.
Geographical segmentation of the document scanner market
The Americas accounted for 41% of the market share during 2015 and is expected to grow at a CAGR of 14% during the forecast period. One of the key reasons was the high adoption of document scanners in different sectors such as banking, enterprise, education, and government.
Overview of the POS terminal market in Europe
Market research analysts at Technavio have predicted that the POS terminal market in Europe will grow steadily during the next four years and post a CAGR of more than 6% by 2020. This market research analysis identifies the rise in number of e-commerce transactions as one of the primary growth factors for this market. The increasing adoption of mobile devices such as smartphones and tablet computers is driving the growth of the e-commerce market. The need to remain competitive, penetrate unfamiliar markets, and meet the increasing demands from customers has induced several companies to completely replace their physical stores with digital sales channels, resulting in a rise in number of e-commerce websites and transactions. The will increase the need for adopting user-friendly payment mechanisms such as cash-on-delivery payment modes, which in turn, creates the need for mobile POS terminals.
One of the major trends that will gain traction in this market is the increased adoption of cloud-based solutions. The need for value-added services such as big data analytics, inventory management, and sales management tools have resulted in an increased demand for economical data storage solutions. This will drive the demand for cloud-based point of sale terminals that can connect to all the associated hardware and allow merchants to access information from remote locations. Though vendors have to bear the transformation costs for upgrading software with the existing in-house IT infrastructure before shifting to cloud-based solutions, the use of platforms such as software as a service (SaaS) as an alternative to physical storage, will reduce operational costs which will greatly benefit small- and medium-sized
Outlook of the global WLAN market
Technavio’s market research analyst predicts the global WLAN market to grow at an impressive CAGR of around 14% during the forecast period. The emergence of the 802.11ac Wave 2 wireless specification is the primary growth driver for this market. 802.11ac Wave 2 specification utilizes the multi-user multiple input/multiple output (MU-MIMO) technology and has a theoretical maximum wireless speed of up to 6.9 Gbps. The higher bandwidth and MIMO technology of 802.11ac Wave 2 specification will compel enterprises to upgrade their Wi-Fi networks with Wave 2, 802.11ac.
The recent increase in number of connected devices like mobile computing devices (smartphones, tablets, and PCs), media players (smart set-top boxes, smart TVs, and gaming consoles), wearables (smart watches, smart bands, smart glasses, and smart clothing), and smart home appliances are expected to boost the prospects for market growth during the forecast period. Currently, Wi-Fi is the leading wireless technology for connected devices as it supports content-rich applications such as audio, video, gaming, and the Internet. The advent of new Wi-Fi standards like 802.11ac have also allowed enterprises to address the need for connecting products such as gateways, home appliances, and entertainment systems for smart homes, sensors, and STBs with a common wireless standard that provides interoperability with the widest range of smart devices.
Technological segmentation of the WLAN market
The 802.11n technology standard-based WLAN device segment dominated this market and accounted for a market share of approximately 61% during 2015. In terms of unit shipments, this technology segment dominated the market in 2015 as it includes devices like APs, routers, and
Market outlook of the CMOS camera module market
Technavio’s research analyst predicts the global CMOS camera module market to grow steadily at a CAGR of 18% during the forecast period. The increased use of CMOS image sensors has increased the adoption of CMOS camera modules. Cameras have become a standard feature in mobile devices, and the camera technology is constantly improving. Technavio expects multiple wearables to integrate cameras, which will further boost the market growth.
The increasing adoption of smartphones and tablets in emerging economies is a major growth driver for this market. Many new smartphone and tablet manufacturers have emerged in countries such as China and India, manufacturing low-cost devices. These new vendors are experiencing growth in the market, which has in turn, created demand for camera modules. The automotive sector is also incorporating camera modules for safety applications. This feature was initially available only in top-end cars, but automobile manufacturers have started incorporating this feature into all their products, which is increasing demand for CMOS camera modules.
Application segmentation of the CMOS camera module market
- Consumer electronics
- Others (healthcare, security systems, and 3D imaging)
The consumer electronics segment dominated the market in 2015 with a market share of 82%. Large adoption of mobile devices such as smartphones and tablets and the constant demand for such devices from emerging economies has continued to increase demand for CMOS camera modules.
Geographical segmentation of the CMOS camera module market
APAC accounted for 45% of the market share
Overview of the global mobile EMV POS terminals market
Market research analysts at Technavio have predicted that the global mobile EMV (Europay, MasterCard, and Visa) POS terminals market will grow impressively during the forecast period and post a CAGR of almost 18% by 2020. In contactless payment systems, the transaction takes place with the help of Near-Field Communication (NFC) technology that is present in transmitters and readers. The cards issued to customers have a symbol that is unique to contactless payments. When placed near a contactless reader, these transmitters can accept payments within seconds. Not just cards, even smartphones and smartwatches can also be used as contactless transmitters. Contactless payment systems are by far the fastest mode of making payments and the demand for such systems is increasing exponentially as users find these systems quick and easy to make payments. This will subsequently increase the adoption of contactless payment systems, which will lead to the rise in demand for mobile EMV compliant POS terminals.
In terms of geography, APAC will account for more than 51% of the total share of the market by 2020 and will also dominate the industry throughout the forecast period. This will mainly attribute to the increased preference toward non-cash payment methods in the region. The presence of several unorganized retailers, the growing number of retail outlet establishments, and the increasing purchasing power of end-consumers will also contribute to the growth of the market. Moreover, the increasing foreign direct investments in developing countries such as India will also result in increased investment in the retail and
Global outlook of the stick PC market
Technavio’s market research analysts have predicted that the global stick PC market will grow steadily during the predicted period and post a CAGR of almost 7% by 2020. Though the features and functionalities of stick PCs are limited as compared to laptops, the stick PCs are priced at a comparatively lower cost compared to laptops or personal computers. Stick PCs allow the user to carry a computer, which can be used to access data on devices such as TVs having HDMI ports and laptops. They can also be used with projectors and interactive flat panels. The stick PC market is still in its initial stages, and the level of competition among the vendors is low. As a result, the price wars are negligible, and the reducing average selling price will not have any influence on driving the product volumes. The low cost of stick PCs will drive the volumes, which, in turn, will help manufacturers scale the production and reduce costs.
The increased adoption of stick PCs will lead to the progressive development of digital content. The implementation of online and blended learning methods has led to the increased adoption of advanced technologies to aid content development. The usage of learning management systems (LMSs) and learning content management systems (LCMSs) has enabled the faster development of content. Moreover, learning management system vendors are constantly increasing their R&D investments to upgrade their education systems. This has resulted in the advent of cloud-based learning management systems, which can be accessed through stick PCs from remote locations.
Competitive landscape and key vendors
The market is characterized by the presence of only a few vendors but is expected to witness the entry of several new vendors in the next four years. These new vendors
Since the desktop PC, there has been a slew of devices that have been introduced into the market, from smartphones to laptops to tablets. One by one, these devices have revolutionized the way individuals work. They have created a more mobile workforce, creating more global businesses.