Overview of the global wrist wearable market
Technavio’s market research analyst predicts the global wrist wearable market to grow at a CAGR of almost 11% between 2016 and 2020. The changing lifestyles of people and rise in the incidence of diseases among the aging population are driving the requirement for smart devices that are capable of detecting and tracking various illnesses. Also, frequent occurrences of such lifestyle-related diseases and the subsequent high health care costs have prompted people to shift towards a healthy lifestyle. Such growing health awareness has propelled the use of smart devices such as smartwatches and fitness bands, which can track and control their health better and prevent serious health hazards. Apart from fitness tracking, these smart wrist wearables have extensive applications in mobile payments, secure access, safety, health, and wellness.
One of the latest trends gaining traction in the market is the growing demand for smartwatches, especially for children. The manufacturers our increasingly designing smartwatches, keeping in mind the preferences of the children and are incorporating several functionalities and features. The major demand for these smartwatches comes from parents as it helps them to locate their kids through GPS and send messages and alerts in case of emergency. Linkoo Kids, launched by a French start-up, is manufactured with a built-in SIM card and is equipped with features such as GPS tracking and alert messaging.
Competitive landscape and key vendors
The global wrist wearable market is anticipated to grow at a rapid rate in the coming years. It is a highly
Overview of the global streaming media device market
Technavio’s market research analyst predicts the global streaming media device market to grow at a CAGR of more than 17% between 2016 and 2020. The growing integration of digital video content with streaming media devices will act as a major driving force for the growth of the global streaming media device market. Streaming media devices enable users to play movies and TV shows on TV. They allow users to improve and manage the media streaming for live or on-demand content. The integration of the digital video content with streaming media devices offers consumers the flexibility to watch the content of their choice at a convenient time. Streaming media devices also provide user-friendly navigation options such as a list of content, corresponding prices, and related content and topics.
Rising implementation of cloud services, which allows users to access a diverse range of pay-per-use computing sources, is the latest trend gaining traction in the market. Several firms in the digital video content market are adopting cloud computing services to improve portability, and enabling subscribed users to access digital content stored in remote servers, irrespective of the devices they use. The growing consumer inclination toward access-based approach, which allows subscribing to video libraries stored in the cloud has propelled streaming device manufacturers to invest in cloud computing services for higher revenues.
Competitive landscape and key vendors
Currently, intense vendor competition exists in the global streaming media device market.
Overview of the over-the-top (OTT) devices and services market
According to the market research analysts at Technavio, the global over-the-top (OTT) device and services market is anticipated to witness tremendous growth and will post a staggering CAGR of more than 20% over the forecast period. One of the major factors driving this market’s growth is the growing production of in-house web series. The global OTT market has a very competitive environment with the originality of content and innovation in services being some of the key differentiating factors. This has led to the growth of in-house produced content across various platforms. Original in-house web-series across genres such as drama, comedy, sitcoms, action, talk shows, and documentaries are some of the highest viewed digital videos on OTT platforms such as Netflix and YouTube. Some of the latest in-house produced web series on Netflix are Marseille, Love, Fuller House, Flaked, The Characters, The Ranch, and Lady Dynamite. These shows are widely popular since these series provide new and innovative content that interests consumers.
Real-time bidding (RTB) is an online ad serving process, which involves an online bidding process. This allows marketers, advertising agencies, and media buying agencies to trade display advertising inventory in real time. RTB vendors offer a suitable platform to carry out this auction process. When a customer visits a publisher’s website, it sends a request to the vendor. The vendor sets a floor price for that visitor,
Global outlook of the musical instruments market
Technavio’s market research analysts predict the global musical instruments market to grow steadily during the next four years and also estimate the market to post an impressive revenue of more than USD 18 billion by 2020. This industry research report identifies the growing popularity of concerts and live performances to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Studies have shown that the emergence of social media and music-related platforms such as Facebook and SoundCloud, have resulted in the rise in number of independent musicians to almost six times between the years 2005 to 2015, in turn, resulting in the formation of several musical bands. This has increased the number of concerts by these bands, in turn, driving the demand for high-tech and highly-priced musical equipment from performers and organizers.
One of the major trends that will gain traction in the musical instruments industry is the increasing demand for music education in the school curriculum. Several countries across the globe have already started introducing initiatives to include music in their educational curriculum. For instance, the US, which is the largest market for music, has engaged the National Association of Music Merchants (NAMM) for promoting national arts and education policies, which is expected to increase the number of musicians in the country.
Competitive landscape and key vendorsa
Characterized by the presence of numerous vendors, the global musical instruments market is highly competitive. Vendors usually compete on the basis of product differentiation, portfolio, and product pricing. They have started increasing their investments in designing, planning, developing, branding, expanding existing instruments, and in also acquiring
Overview of the global pro audio video (AV) market
According to Technavio’s market research analysts, the global pro audio video (AV) market will grow at a CAGR of close to 12% during the forecast period. Pro AV products include audio, video, lighting, and projection systems, which are being adopted by most of the industries like education, financial services, government, hospitality, retail, manufacturing, and healthcare. With the growing use of cloud and Internet in organizational activities, pro AV solutions make prompt communications possible for all kinds of enterprises. The growing requirement for controlled systems from corporate firms are also driving the global pro AV market. With the use of control systems, all the AV equipment get interconnected and can be controlled from a single access, which reduces the extra effort needed for manual control.
APAC will be the dominating region in the pro AV market during the forecast period and is likely to occupy around 39% of the overall market revenue. Much of the region’s growth comes from the increased adoption of AV presentation services, which is attributed to the increasing adoption of technology and the use of advanced communication techniques. The growing number of multinational firms and the increasing adoption of bring your own device (BYOD) concept will further fuel the growth of this market in APAC over the next few years.
Competitive landscape and key vendors
The global pro AV market is highly competitive because of the presence of several large and small established players. Intense competition prevails in the market where the vendors compete in terms of product portfolio, pricing, and brands coupled with increasing technological advances. To sustain themselves in this competitive scenario, vendors are making investments in planning,
Outlook of the global Bluetooth speaker market
In terms of revenue, the global market for Bluetooth speakers will grow profoundly at a CAGR of almost 33% by 2020. An important factor that will spur the prospects for growth in this market is the ability of Bluetooth speakers to stream audio content wirelessly. These speakers need no wiring and consume less space when compared to home theaters. Since these speakers run on batteries, they are highly suitable for outdoor purposes. Advantages like its high durability, hassle-free maintenance, and faster functionalities will spur its rate of adoption among consumers.
Technavio’s market research analysts have estimated eminent factors, such as the rising popularity of multi-room streaming, to impel market growth during the next four years. Due to the advent of networked audio devices, most modern speakers can stream audio content with the help of technologies like Bluetooth, Wi-Fi, or AirPlay. These technologies help separate a system’s physical and logical connections, which further means that a single network can carry multiple channels; thus, making it possible to make infrastructure changes relatively cheaply, quickly, and inexpensively. The growing trend of having speakers in all the rooms will expedite the growth of the Bluetooth speakers market during the next few years.
Geographical segmentation and analysis of the Bluetooth speaker market
In this market analysis, the analysts have estimated the Americas to account for almost 44% of the total market share by 2020. This region will lead the market for Bluetooth speakers as it is the largest adopter of the latest technologies and the leader in leveraging consumer electronics. Also, since most Bluetooth speakers are being used as a style statement, its demand among the consumers will rise rapidly over the next few
Consumer electronics remains one of the dominant segments of the manufacturing industry. New technologies and innovations, rising income levels, and steady population growth have spurred demand for consumer electronics, and emerging markets have particularly exciting and promising prospects.