Electric scooter Market 2021 Industry Outlook, Comprehensive Insights, Growth and Forecast

 Global Electric scooter Industry: Set to Witness Huge Growth by 2026

According to a new research published by Polaris Market Research the electric scooter market is anticipated to reach over USD 51,324 million by 2026. In 2017, the retro product segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

Several stringent vehicular emission norms passed by governments worldwide have boosted the adoption of electric scooters. Growing concerns regarding environment, depleting fuel resources, and increasing need to reduce fuel consumption further support the growth of this market. Additionally, the increasing acceptance and high success rates of electric cars have encouraged market players to apply similar technologies in the two wheeler segment and optimize performance. Increasing investments by vendors in technological advancements coupled with decreasing prices of Li-ion batteries and powertrain components would reduce the overall cost of these vehicles in the coming years, further boosting the market growth.

 

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The demand for electric scooters has increased significantly over the years owing to increasing prices of gasoline across the globe. The exponential growth in the prices of gasoline and diesel owing to the depleting fossil fuel reserves has encouraged consumers to switch to electric scooters. Limited availability of public charging infrastructure for electric vehicles has limited the adoption of these vehicles in the past. However, with significant government initiatives and substantial investments, the development of public charging infrastructure has accelerated significantly.

 

Governments all across the world are taking initiatives to promote the adoption of electric vehicles. Countries such as China, India, France, and the U.S. have invested significantly in the development of charging infrastructure to support market growth. Governments have also introduced stringent regulations regarding vehicular emissions to encourage the use of electric vehicles. In 2016, Canada invested $62.5 million to support electric vehicle (EV) and alternative fuel infrastructure. It also aims to invest $16.4 million for development of more than 80 new charging units for electric vehicles, along with development of natural gas and hydrogen refueling stations along key transportation corridors. In August 2012, the Government of India approved an investment of 230 billion rupees in the development of electric and hybrid vehicle production and aims a target of 6 million vehicles by 2020. These initiatives by the government are expected to accelerate the adoption of electric vehicles in the coming years.

 

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing disposable incomes in developing countries of this region, and rising environmental concerns drive the market growth in the region. The increasing population of vehicles and adoption of vehicular emission standards of the U.S. and European Union by Asia-Pacific countries further promotes the adoption of electric scooters. Development of public charging infrastructure further supplements growth in the region. Local players are introducing low cost electric scooters with high performance. Numerous key players have adopted partnership and expansion strategies to increase their market share in electric scooter markets of the Asia-Pacific region.

 

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The different battery types used in electric scooters include lead-acid, li-ion, NiMH, and others. In 2017, the lead-acid segment accounted for the highest market share. Lead-acid batteries are commonly used as a source of battery in electric scooters. They are comparatively cheaper than other batteries but offer low kilowatt-hours of energy storage per kilogram of weight. These batteries are inexpensive, reliable, and safe. However, these batteries offer low specific energy, short life cycle, and poor cold-temperature performance, which restrict its use in major applications. These batteries could be easily replaced by lithium-ion batteries in the coming years, however, automakers use it in vehicles owing to its low cost.

 

The well-known companies profiled in the report include Honda Motor Co. Ltd., Brammo, Inc., AllCell Technologies, LLC, Mahindra GenZe, Terra Motors Corporation, Yamaha Motor Company Limited, Suzuki Motor Corporation, KTM AG, Peugeot Scooters, Jiangsu Xinri E-Vehicle Co. Ltd., Green Energy Motors Corp., and BMW Motorrad International among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Automotive Coatings Market Size, Share, Opportunities, In-Depth Analysis and Forecasts

 The automotive coatings market size is expected to reach USD 25.98 billion by 2028 according to a new study by Polaris Market Research. The report “Automotive Coatings Market Share, Size, Trends, Industry Analysis Report, By Technology (Water-Borne, Solvent-Borne, Powder Coating); By Product Type (Primer, Clearcoat, Basecoat); By Resin; By Region; Segment Forecast, 2021 – 2028” provides an extensive analysis of present market dynamics and predicted future trends.

 

The industry is driven by growing application as blockades to car paints from thrilling acid rains, heat, UV radiations, and dust accompanied by feature of improving automobile appearance. Customer’s expectations for efficiency maximization, appealing appearance and compliance with environmental regulations are demonstration of the modernistic machineries that are used in production of products and upgraded processes, thereby creating long lasting surfaces of vehicles.

Currently, this industry is intensified by its reduction in manufacturing cost, bringing consumer satisfaction by offering corrosion protection and improving visual features, as well as justifying environmental anxieties. The initiation of the novel smart coatings has eased the concern of car topcoats appearance, corrosion, and durability, thereby making them long lasting.

 

The global advent of two-layer topcoats and the color, gloss, and chip confrontation presented by innovative products remains practical in initial seven to ten years of usage. These factors are anticipated to boost the automotive coatings market growth.

 

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The adoption of novel products challenges the boundless ecological concern. Aiming at precise expectations of buyers, as well as efficiency maximization and environmental regulations compliance within the advanced processes, are predicted to supplement the industry demand of these products.

By 2028, Asia Pacific region is projected to appear as the largest industry worldwide. The presence of a recognized automobile production base in numerous APAC nations along with rising automobile manufacture in India and other Southeast Asian realms are driving the industry. Several R&D Investments by large industry players along with institutes have also augmented the development of high-performance automotive coating materials industry in this region.

 

Furthermore, the North American industry is driven and dominated by U.S. owing to well settled manufacturing of automobiles. However, with growing production of vehicles in Canada and Mexico, the market is likely to have increasing demand of these products.

 

Some of the leading industry participants in this category of coating production globally includes Jotun A/S, Solvay, DSM, Eastman Chemical Company, Lord Corporation, Clariant AG, Cabot Corporation, Berger Paints, BASF, Arkema SA, Sherwin-Williams Company, AkzoNobel, Valspar Corporation, KCC Paint, Bayer AG, Beckers Group, Nippon Paint, PPG Industries, Kansai Paint, and Axalta Coating Systems.

 

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Polaris Market Research has segmented the global automotive coatings market on the basis of technology, product, resin, and region:

Automotive Coatings Technology Outlook (Revenue in USD Billion, 2016 – 2028)

• Water-Borne
• Solvent-Borne
• Powder Coating
• Others

Automotive Coatings Product Outlook (Revenue in USD Billion, 2016 – 2028)

• Primer
• Clear Coat
• Basecoat
• Others

Automotive Coatings Resin Outlook (Revenue in USD Billion, 2016 – 2028)

• Epoxy
• Polyurethane
• Acrylic
• Others

 

Video Analytics Market Business Analysis, Growth Strategy and Industry Development to 2026

New York City, 28 January 2020:The global video analytics market size is expected to reach USD 25.4 billion by 2026 according to a new research report published by Polaris Market Research. The report “Video Analytics Market, [By Component (Software, and Services); By Deployment Model (On-Premise, Cloud-Based); By Application (Traffic Monitoring, Intrusion Management, Crowd Monitoring, Automatic Number Plate Recognition, Others); By End User; By Region] – Market Size & Forecast, 2019 – 2026”, provides in depth analysis of the current and future market trends.

Video analytics solutions have the capability of offering real time results. The adoption of these solutions is increasingly rapidly for ensuring security and also reduces the burden in terms of costs by enabling dependency on workforce. Also, minimum investments requirement for the integration of video analytics software into the existing surveillance infrastructure and thus enabling considerable return on investments (RoI), is a major driving factor among enterprises for adoption of these solutions.

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The industry verticals where the adoption of these solutions is high are transportation & logistics, defence and government, and retail sectors. Moreover, significant efforts and focus towards minimizing crime rate in the retail industry via development of a safe and conducive environment for customers and employees is expected to assist the market growth during forecast period. The growth in adoption of these solutions is mainly aided by growing security concerns across the world which in turn has resulted in demand for applications such as monitoring and intrusion management around premises/boundaries.

Geographically, North America video analytics market is observed to be the largest market during 2017 among all regions and is expected to dominate throughout the forecast period. Growth in this region is expected mainly due to surge in requirement of efficient video surveillance across the retail sector along with initiatives to curb crime and terrorism activities. Asia Pacific region is expected to witness significant market growth due to introduction of smart cities concept in countries such as China, and India. As a part of these smart city initiatives various techniques for video surveillance are required to be integrated in administration systems to enhance efficiency.

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Some of the leading companies providing video analytics solutions covered in the competitive section of the report include Agent Video Intelligence Ltd, Allgovision Technologies Pvt. Ltd., Aventura Technologies Inc, Avigilon Corporation, Axis Communications, Cisco Systems Inc., Genetec Inc., Honeywell International Inc., International Business Machines Corporation, Intuvision, Inc., and Qognify Puretech Systems Inc. The video analytics space is observed to be fragmented and consists of several players impacting the regional and global market. Strategic initiatives such as collaborations, mergers, new market entries, targeted solutions, etc. are undertaken by the companies to expand their customer base. For instance, during 2017 Cisco introduced a video analytics tool targeted at improvement of operators’ knowledge in the public transportation sector

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Cyber Security Market Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2026

New York, 4 Nov 2019 : According to a new research published by Polaris Market Research, the cyber security market is anticipated to reach over USD 269 billion by 2026. In 2017, the enterprise segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue in 2017.

The growing need for protection of sensitive data, and increasing cyber terrorism has boosted the adoption of cyber security solutions. The rising penetration of mobile devices, and increasing trend of BYOD further support the growth of this market. Additionally, the increasing demand of cyber security solutions from small and medium enterprises has supported market growth over the years. Increasing investments by vendors in technological advancements coupled with growing demand for cloud-based cyber security solutions would accelerate the growth of the cyber security market. However, However, growing use of pirated cyber security solutions, and complexities associated with device security hinder market growth. Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.

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The cases of cyber-attacks in the healthcare sector have increased significantly over the years. The high demand for electronic health records in the black market has resulted in numerous cyber-attacks. The healthcare sector is prone to cyber-attacks owing to limited budget allocation by healthcare institutions for cyber security. The healthcare sector is dominated by small practices and rural hospitals, which lack the resources for investment in cyber security, thereby increasing risks of cyber-attacks. However, introduction of affordable cyber security solutions for healthcare sector, increasing awareness, and growing incidences of cyber-attacks are expected to promote the adoption of cyber security in this sector.

  

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increase in number of cyber-attacks, and growing trend of BYOD drive the market growth in the region. The growing penetration of mobile devices, and technological advancements further support market growth in the region. The increasing spending on data protection in BFSI and defense sectors in the region further promote market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing need for data privacy across various industries in the developing countries of the region.

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The end-users in cyber security market include BFSI, IT & Telecom, healthcare, retail, defense and government, travel and hospitality, and others. In 2017, the defense and government segment accounted for the highest market share owing to increasing need to protect sensitive data and avoid cyber-attacks. The growing government spending to provide enhanced cyber security to the public sector and increasing implementation of cyber security installations in the defense sector, especially in developing countries, supports the market growth in this sector. The increasing adoption of cloud-based cyber security in this sector is expected to support market growth in the coming years.

The well-known companies profiled in the report include Symantec Corporation, Cisco Systems Inc., BAE Systems Inc., EMC Corporation, Hewlett-Packard Enterprise, Intel Security, Palo Alto Networks, Proofpoint Inc., LogRhythm Inc., IBM Corporation, Fortinet, Inc., and Centrify Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Cognitive Analytics Market Type, Production, Revenue, Growth & Analysis by Regions

New York, 30, Oct 2019: The Global Cognitive Analytics Market Size, Worth USD 48 Billion By 2026; according to a new market research report by polaris market research. In 2017, the large enterprises segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue in 2017.

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The leading companies profiled in the Cognitive Analytics Market report include International Business Machines Corporation, Cisco Systems Inc., SAS Institute, Nuance Communications, Microsoft Corporation, Oracle Corporation, Amazon Web Services, Google LLC, Intel Corporation, and Narrative Science. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

The growing need for real time analysis of complex data for improved business efficiency, and need to gain actionable insights from large amount of data have boosted the adoption of cognitive analytics solutions. Increasing trend of BYOD, IOT, and artificial intelligence fuels the adoption of cognitive analytics. Additionally, the increasing demand of cognitive analytics from industries such as transportation, healthcare, and BFSI has supported then Cognitive Analytics Market growth over the years. Increasing investments by vendors in technological advancements coupled with growing adoption of cloud technologies would accelerate the growth of the cognitive analytics market. Growing demand from emerging economies, and increasing adoption by small and medium sized businesses is expected to provide numerous growth opportunities in the coming years.

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The North America Cognitive Analytics Market generated the highest revenue in 2017, and is expected to lead the global market throughout the forecast period. The increase in demand from the healthcare and government sectors, and growing trend of IOT drive the market growth in the region. The growing adoption of cloud-based technologies, and technological advancements further support ten Cognitive Analytics Market growth in the region.

The increasing demand from BFSI and defense sectors in the region further promote market growth in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to growing demand from emerging countries such as China, Japan, and India.

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Key Segments:

Cognitive Analytics Market Size and Forecast, 2017-2026 by Component

·         Key Findings

·         Software

·         Services

Cognitive Analytics Market Size and Forecast, 2017-2026 by Deployment Model

·         Key Findings

·         On-Premise

·         Cloud-Based

Cognitive Analytics Market Size and Forecast, 2017-2026 by End-User

·         Key Findings

·         Banking, Financial Services, and Insurance

·         Healthcare

·         Transportation and Logistics

·         Manufacturing

·         Retail

·         Energy

·         Others

Cognitive Analytics Market Size and Forecast, 2017-2026 by Organization Size

·         Key Findings

·         Large Enterprises

·         Small and Medium Businesses

Cognitive Analytics Market Size and Forecast, 2017-2026 by Region

·         North America [U.S., Canada]

·         Europe [Germany, UK, France, Italy, Spain, Belgium, Netherlands, Rest of Europe]

·         Asia-Pacific [China, India, Japan, South Korea, Singapore, Malaysia, Rest of Asia-Pacific]

·         Latin America [ Brazil, Mexico, Argentina, Rest of Latin America]

·         Middle East and Africa [Israel, South Africa, Saudi Arabia, UAE, Rest of MEA]

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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Blockchain Technology in the Energy Sector Market : Insights Covering Market Dynamics and Competitive Scenario through 2026

New York, 30, Oct 2019:The global blockchain technology in the energy sector market is anticipated to reach over USD 10,287 million by 2026 growing at a CAGR of 52.9% during the forecast period according to a new study published by Polaris Market Research. The report “Blockchain Technology in the Energy Sector Market Share, Size, Trends, Industry Analysis Report By Type (Public, Private); By Application (Energy Trading, Grid Management, Supply Chain Management, Payment Schemes, Others); By End-User (Oil and Gas, Power, Others); By Regions, Segments & Forecast, 2018 – 2026” provides a comprehensive analysis of present market insights and future market trends.

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The private sector has dominated the global market in terms of revenue. Asia Pacific was the leading contributor to the global market revenue in 2017. The block chain technology is a cryptographically managed distributed ledger system on offer by vendors to industries engaged in the energy sector.

The block chain technology has come to the forefront with an increasing market for alternative cryptocurrencies coming into adoption thus boosting technology in the energy sector. Cryptocurrencies are finding favorable markets owing to high transaction speeds and immutability. The support factor for growth of cryptocurrencies is the rising penetration of mobile devices, increased mobile broadband speeds and reduced costs of bandwidth.

Rising investments by vendors taking equal part in success of this technology market coupled with primary advancements in broadband technology would accelerate growth of the technology in the energy sector market during forecast period. Emerging economies in the hope of reaping rich dividends express growing interest and with technological advancements are expected to provide stellar growth opportunities in the coming years.

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The way blockchain technology in energy sector works is smart contracts are set that allows prosumers to feed surplus energy into the grid through a blockchain enabled meter. The electricity flow is automatically coded into the blockchain and algorithms compare buyers with sellers in real time.

Asia Pacific generated highest revenue in market in 2017. The rising security concerns with online transactions with high transaction speeds and immutability offered by blockchain technology boosts the growth of the market. Astronomical mobile broadband speeds and reduced costs of bandwidth and computing power boost the market growth in the region. The rising adoption of Blockchain-as-a -service, increasing trend of smart payments and contracts, and advances in technology are expected to offer growth during forecast period.

The key players in Blockchain Technology include Accenture, Oracle Corporation, Microsoft Corporation, Deloitte, IBM Corportaion, Grid+, NOdalblock, SAP SE, Power Ledger Pty. Ltd. and Amazon Web Services, Inc.

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Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world.

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Robotic Process Automation in BFSI Market Application, Technology and Geography – Growth, Trends & Forecast

New York, 23, Oct 2019: The global Robotic Process Automation in BFSI market size is expected to reach USD 3,457.8 million by 2026 according to a new study by Polaris Market Research. The report “Robotic Process Automation in BFSI Market Share, Size, Trends, Industry Analysis Report By Type (Software and Services); By Services (Consulting, Implementation, Training); By Organization Size (SME, Large Enterprises); By Application (Banking, Financial Services & Insurance); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Inherent benefits offered by robotic process automation (RPA) such as process transparency, enhanced customer service, on-boarding optimization of processes, highest degree of data integrity, shorter lifecycles, and ability to effectively comply with regulations of various enforcement agencies combined with the data driven nature of the overall banking and financial sector are some of the factors proving beneficial for the overall RPA in BFSI market growth. In addition, ability of RPA to help clients to capitalize and gain from growth opportunities thus providing a competitive edge is another factor responsible for the overall market growth.

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Banking sector is characterized by the presence of a large number of players thus resulting in a high industrial rivalry. Due to such competitive environment, companies are trying to implement cost effective solutions that may help them to stay ahead of the competition. RPA is one such preferred solution. It automates the otherwise tedious manual operations thus saving precious man hours, results in client satisfaction thus ultimately catering to client loyalty, and provides better quality control through its operating procedures. Such factors have resulted in the overall Robotic Process Automation in BFSI growth in the past and this scenario is expected to continue till 2026.

  

Robotic Process Automation is used in a variety of applications such as entry of a new account across various platforms and networks, duplicating of accounts and account reconciliation, extraction of forms, VAT reporting, cleansing and updating of account, credit card processing, loan processing among others. These processes are directly related to customer experience and hence, companies are automating these processes through RPA to provide better and enhanced customer experience in order to gain more market share. Such trends are benefitting the Robotic Process Automation in BFSI market growth.

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North American region is expected to maintain its dominance over the market for the next eight years. High demand particularly from the U.S. market is a key contributor to this scenario. Presence of highly sophisticated and advanced banking and financial infrastructure in the country, strong presence of industry participants, coupled with high demand for enhanced customer experience are some of the factors driving the market growth in the region. Countries such as China, Japan and South Korea are primarily driving the growth in Asia Pacific region, which is anticipated to witness high growth rate till 2026.

Some of the major industry participants include WorkFusion, Inc., UiPath, Thoughtonomy, Softomotive, Kryon Systems, Pegasystems Inc., NICE, Blue Prism, Kofax Inc. and Automation Anywhere Inc., among others. Companies are trying to provide one stop solutions to all the needs of their clients and are constantly developing new solutions to cater to the customized needs of the clients.

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