New Research Areas
Outlook of the global job needs and car leasing (JNCL) market
The demand for fleet management is increasing in emerging economies such as India and China due to the expansion of international firms to developing countries across the globe. Our industry experts have also observed that the global demand for fleet management is increasing due to the rapid expansion of international firms and the augmented need for bundled services to optimize costs on category spend. Additionally, recent advancements in technology have also brought about significant changes in the services provided by JNCL companies. Such advancements have helped increase efficiency, reduce spending, and increase the value of provided services. According to this business intelligence report, the global market will grow at a CAGR of over 22% by 2020.
At present, the JNCL market is witnessing the high adoption of vehicles that run on alternative fuels, as these have lower carbon emissions, which helps in combating environmental issues such as global warming. Also, there is an increased demand for advanced security systems and highly trained drivers to ensure the safety of traveling employees. Also, suppliers are providing buyers with real-time tracking tools to help them collect data from cars and make data-driven decisions on vehicle selection and management.
We can customize reports by other regions and specific segments upon request.
Global outlook of the catastrophe insurance market
Technavio’s market research analysts predict a steady growth of the global catastrophe insurance market in the next four years by calculating the growth of the global insurance losses market which is expected to grow at a CAGR of more than 5% by 2020. This industry research report identifies the pricing and valuation strategies of catastrophe bonds to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Since the insurance industry is cyclical, insurance providers have the need to formulate different strategies that bring in stable earnings to earn positive yields and generate cash flows. Catastrophe bonds help investors to earn good returns that are uncorrelated with the broader financial markets and also helps portfolio managers understand the attributes of pricing trends, and in turn, make informed decisions in allocating capital. Cat bonds or catastrophic bonds can transfer insurance risk to the capital markets, and have evolved into valuable risk management and investment tools and also provide an alternative means to capitalize reinsurance transactions.
Realizing the need to broaden their Internet-based strategies, insurance companies will soon start leveraging social media channels for better market penetration and customer connectivity. Social media can also be used by insurance providers as a marketing channel for launching new catastrophic insurance plans and services. Several insurance providers have already started using social media platforms to collect customer feedback, resolve queries in real-time, provide updates on products, and also for investigating insurance frauds. Moreover, social media platforms can also help insurance providers boost their transparency and offer customers a platform to review catastrophe coverage
Global market overview for EPC and EPCM services
Engineering procurement construction or engineering procurement construction management (EPC/EPCM) encompasses a vast array of services, which includes the conduction of basic feasibility studies via FEED at the project planning phase to the completion of construction projects. Such services are extensively used in the construction industry to derive value in terms of price, quality, and compliance with the regulatory framework. Substantial investments made by developing economies, especially countries like China and India, in infrastructure and industrial and building construction will aid in the growth of this market. Extensive research carried out by our industry experts has shown that the global market for EPC and EPCM services will grow at a CAGR of over 4% by 2020.
Among the different regions considered for estimating this market’s growth potential, APAC accounted for more than 40% of the total revenue generated. This trend is likely to continue due to the expected increase in investments and infrastructure development in China and India over the next five years.
Due to the strategic importance associated with construction projects, procurement has transitioned from rapid sourcing to category management. Consequently, category managers have been compelled to partner with EPC/EPCM firms that are technologically advanced and can provide innovative solutions with the design-to-value approach. The buyers of EPC/EPCM activities span industry sectors like governments, pharmaceuticals, healthcare, automotive, FMCG, media and entertainment, and retail.
We can customize reports by other regions and specific segments upon request
Outlook of the protective communication equipment market
According to the market research analysts at Technavio, the global protective communication equipment market will witness impressive growth at a CAGR of close to 8% over the forecast period. The increasing demand for protective communication equipment with in-built entertainment solutions is one of the primary factors driving this market’s growth. An increasing number of wearers in the industrial end-use segment and individual consumers prefer products that offer on-the-go entertainment. Moreover, products with entertainment solutions also improve wearer compliance since wearers do not have to switch between conventional music players and hearing protection products. Several vendors like Silenta offer a range of products with entertainment options. This product includes an FM radio receiver that allows users to listen to radio stations seamlessly. Such products will lead to the augmented adoption of protective communication equipment over the next four years.
In terms of geography, North America dominated the market and is expected to account for more than 34% of the total market shares by 2020. The growth of this market in the region is attributed to the fact that North America in general and the US in particular is the innovation hub of protective communication products, with the presence of key vendors such as Honeywell and 3M. Moreover, an increasing number of vendors are entering this market by offering novel and improved products. Also, stringent worker regulations and high compensation for the workers in the event of injuries have facilitated greater adoption of hearing protection products and higher worker compliance in North America.
Competitive landscape and key vendors
Global outlook for digital advertising services
The global market for digital advertising services will exhibit promising growth and post an impressive CAGR of more than 12% over the next four years. Much of this growth can be attributed to the high cost-effectiveness of digital advertising, and its role in aiding enterprises to reach a larger audience in lesser time compared to other formats. In North America, digital channels accounted for 31.8% of the total advertising spend in 2015. This trend is envisaged to continue until the end of 2020 owing to the increased penetration of mobile internet in the region.
Globally, the demand for digital advertising services is gaining momentum due to technological advancements and the augmented use of business analytics to arrive at critical decisions that can enhance the success of online campaigns.
Additionally, it has also been observed by our experts that the market is currently experiencing increased competition owing to the advent of new brands like Firstborn and Gyro. Factors such as localization and regionalization of advertising campaigns are anticipated to foster the prospects for growth in this market in the near future. Such factors will compel buyers to de-bundle their strategy and design activities of campaigns from production and execution activities.
We can customize reports by other regions and specific segments upon request.
Global market outlook for facilities management services
Recently, it has been observed by our industry experts that a rise in commercial activities has triggered the construction of new office spaces, industrial facilities, and business centers across the globe. This increase in business activities has increased the dependence of organizations on facilities management (FM) service providers for maintenance and property management. Additionally, it has also been noted that the recent increase in regulatory requirements across markets has prompted large organizations to outsource their FM needs to third-party service providers. For instance, stringency in workplace health and safety regulations has increased the dependence of large organizations on FM service providers. Such eminent factors have resulted in this market’s moderate CAGR of around 4% during the estimated period of 2016 to 2020.
While the FM services market in APAC has reached maturity in a few countries, especially Japan, Australia, and Singapore. It is still in its nascent stage in countries such as India, China, Vietnam, and Malaysia, and is expected to grow at a CAGR of 4.5% over the next four years.
Our industry experts have also observed that the FM services market is currently fragmented, with well-established global players dominating the market. As companies/organizations are increasingly outsourcing their FM services, suppliers are getting involved in mergers and acquisitions to enhance their global reach and service capabilities.
We can customize reports by other regions and specific segments upon