Format: 2017-02-19
Format: 2017-02-19
January 25, 2017 | 69 Pages | SKU: IRTNTR11703

Overview of the global biometric market in the automotive sector

Market research analysts at Technavio predict that the global biometric market in the automotive sector will grow steadily during the next four years and post a CAGR of more than 19% by 2021. This market research analysis identifies the vulnerability in existing keyless entry systems as one of the primary growth factors for this market. It has been observed that the adoption of keyless entry systems significantly reduced vehicle thefts. However, the usage of simple hacking devices was sufficient to help organized crime break into vehicles. This will induce automotive original equipment manufacturers (OEMs), suppliers, and keyless entry system manufacturers to invest in advanced technologies, in turn, propelling the adoption of biometrics for vehicle access in the next four years.

This market research and analysis estimates that in terms of geographical regions, EMEA will be the major revenue contributor to the market throughout the next forecast period. The presence of major automotive manufacturers such as BMW, Audi, Mercedes-Benz, and Volkswagen in Europe and the demand for sophisticated design and advanced features in automotive technologies from the countries in the Middle East, will be major factors driving market growth in this region.

Competitive landscape and key vendors

The market is characterized by the presence of a considerable number of biometric system manufacturers and is competitive. The evolution of biometric technology has resulted in its

January 25, 2017 | 70 Pages | SKU: IRTNTR11704

Overview of the global travel technologies market

The global travel technologies market is anticipated to grow at a steady rate and will post a CAGR of more than 8% during the forecast period. The increasing need to automate travel management systems will drive the growth prospects for the global travel technologies market in the coming years. Some of the major factors responsible for the growing demand for automated systems from the travel and tourism service providers is to minimize the cost, streamline the routine business processes, increase safety, security, and visibility, automate tracking systems, and reduce the operational costs. As a result, these travel and tourism service providers use travel automation technologies such as GDSs and e-payment systems to automate the operational and transactional processes. Also, since the manual process and legacy systems are highly inefficient in managing the high volume of transactions in online travel agencies, the travel providers have shifted from conventional methods towards the automated systems. Moreover, it has been observed that the demand for IT technological solutions such as the Internet of thing (IoT), big data analytics, and cloud computing is increasing with

January 25, 2017 | 65 Pages | SKU: IRTNTR11715

Overview of the global RPO market

The global RPO market is anticipated to grow rapidly and will post a CAGR of close to 18% during the forecast period. The increased usage of neo-sourcing will drive the growth prospects for the global RPO market in the forthcoming years. Neo-sourcing is the integration of IT outsourcing and BPO and an evolution of BPO models offered by outsourcing companies. Also, the market is witnessing a growing number of business process integration and the advent of technological solutions to reduce costs and improve productivity and innovations. Some of the major factors responsible for the growing preference for neo-sourcing in various organizations is the transformation in business and optimization, which is a result of the combined management of back-office operations and technology for process re-engineering. Furthermore, the benefits of this technology include process optimization, cost reduction, access to the best global practices, improved productivity, increased employee morale, and reduced cycle time.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next four years. Some of the major factors responsible for the growing adoption of RPO in North America is cost reduction, managing compliance, greater alignment between HR and business, and access to technology. Also, the market is anticipated to witness further growth due to its expansion in countries like South America, Brazil, and Argentina in terms of multi-country recruitment process outsourcing (MCRPO) contract deals. Moreover, the process and execution of HR functions have

January 25, 2017 | 63 Pages | SKU: IRTNTR11719

Overview of the mobile ticketing market in the transportation sector

According to the market research analysts at Technavio, the mobile ticketing market in the transportation sector is expected to witness tremendous growth and will post a staggering CAGR of close to 17% during the forecast period. Digitization of the transportation sector is one of the major factors driving this market’s growth. Digital transformation in the transportation sector has completely revolutionized the traveling experience of customers. The digital platform helps customers make reservations through smartphones and mobile applications, thereby, eliminating the need for physical ticketing. High radio frequency, low price, and reduced time are some of the many advantages of mobile ticketing payment for metro and buses. Moreover, metro ticketing is gaining significant traction owing to the use of barcodes that are delivered via smartphone apps and SMS-based solutions, which are witnessing impressive user adoption in countries such as Sweden and Italy.  

The emergence of mobile wallets is one of the latest trends gaining significant popularity in the market. The increasing adoption of mobile devices and the rising popularity of m-commerce are driving the growth of the mobile ticketing market in the transportation sector. As more customers are using tablets and smartphones to shop online, this trend is likely to continue over the next four years. Smartphones are increasingly being used for web surfing, making reservations, online payments, and online shopping. This has created the necessity for e-commerce solutions that integrate mobile devices with other sales channels,

January 24, 2017 | 79 Pages | SKU: IRTNTR11696

Overview of the global chatbot market

The global chatbot market is anticipated to grow rapidly and will post a CAGR of more than 37% during the forecast period. The growing need for improvements in customer relationship management (CRM) will drive the growth prospects for the global chatbot market in the forthcoming years. With the growing competition, the majority of the enterprises are focusing on developing a wider customer base by implementing enterprise solutions such as enterprise resource planning (ERP) and customer relationship management. However, the lack of a centralized system leads to a drop in the degree of continuous communication with customers and a loss of customer base. As a result, the necessity to deploy chatbots in every enterprise websites is increasing, which, in turn, enables companies to engage in continuous communication with their customers. For instance, chatbots deployed by the companies provide information related to product or brand, helps to increase the brand awareness, and encourage customers to sign up for the company's account.

The integration of chatbot with social media will drive the growth prospects for the global chatbot market until the end of 2021. Social networking platforms not only provide a medium to engage with friends, family, and colleagues but also help increase brand engagement and interaction between the brand and the customers. The integration of chatbot with these social media platforms will assist the user to find a solution to new features, security, and other issues related to the site. Furthermore, the automation of chatbot and intelligent virtual assistant

January 24, 2017 | 74 Pages | SKU: IRTNTR11697

Outlook of the global application management services (AMS) market

Technavio’s market research analyst predicts the global application management services (AMS) market to grow steadily at a CAGR of around 6% by 2021. One of the primary drivers for this market is the ability of MAS to focus on real-time decision-making. AMS monitors all running business and provides flexible, integrated, and real-time decision-making support for the top management of organizations. Additionally, they also improve responsiveness across an organization. AMS has the capability to integrate diverse elements of multinational environments such as language, currency, and accounting standards. As a result, these services provide better analysis and planning capabilities as well as enable comprehensive and integrated management of related businesses and corresponding data. Moreover, this integration enables the complete deployment of various kinds of decision-making support systems and project management functions. These advantages of AMS over traditional methods will propel the growth prospects for the global AMS market during the forecast period.

One of the latest trends gaining traction in this market is the increasing adoption of the ready-made solution. A rising number of organizations are opting for ready-made solutions for the maintenance of AMS. Ready-made solutions significantly reduce complexities in the deployment and management of AMS solutions. Further, these solutions have the option to be re-used, this reduces the cost for the launch of new products, making them a more economical and efficient option. Vendors are constantly trying to customize these products based on the industry requirements. For instance, HCL has a different portfolio for the front, middle, and back-end processes of different industries. It has also