Category: Technology

Technology

Growing Digitalization Worldwide Drives Sales Opportunities in Automated Passenger Counting and Information System Market: TMRR

Automated passenger counting and information system refers to an electronic machine that helps in keeping track of the number of passengers that alight or aboard a vehicle. These systems are gaining traction across the globe owing to their high efficiency and cost-effective nature. These tools help in reducing the expenses on appointing additional employees. On the backdrop of all these factors, the global automated passenger counting and information system market is estimated to show positive growth curve in the forthcoming years.

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Automatic passenger counting and information system is in high demand owing to its ability to offer accurate data as sensors in these systems are incorporated to notice ridership patterns. Thus, increased demand for smart telematic solutions and rising need to achieve fleet optimization are some of the key factors are resulting into the rapid expansion of the global automated passenger counting and information system market. In addition to this, the market for automated passenger counting and information system is estimated to break all growth records on the back of increased inclination among major worldwide population toward adopting digitalization.

North America: Lucrative Region for Market Expansion

The global automated passenger counting and information system market shows presence in many regions such as North America, Europe, Asia Pacific, and rest of the world, which includes the Middle East, Africa, and Latin America. Of all these regions, the market for automated passenger counting and information system experiences promising growth opportunities in North America. One of the key reasons attributed to this growth is increased acceptance of digitalization in this region. Apart from this, the government initiatives to compel the installation of such systems is one of the important factors driving demand opportunities for the North America automated passenger counting and information system market.

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Increasing Demand for High End Safeguarding from End Users to Drive Security Solutions Market

In recent years, there has been a growing focus on developing a secure economy. The focus has helped in augmenting the demand for high end security solutions. The global security solutions market has thus been thriving in the wake of growing defense budgets. In addition to this, the market has benefitted from rising investments in the research and development activities and increasing need for safeguarding the IT industry. In the coming years, it is projected that the growing use of sensor based security systems and biometric based security systems will play a key role in the overall development of the global market. Furthermore, increasing use of IoT and cloud services will also have a key influence on defining the growth trajectory of the global security solutions market.

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Rise of Sophisticated Attacks to Drive Market Growth

Security solutions are mainly developed for variety of end users such as housing developers, investors, research organizations, network providers, system integrators, software solution providers, trade distributors, and product manufacturers among others. An increasing need for security solutions to safeguard rights, individuals, and property is projected to fuel the overall development of the global security solutions market. An increasing number of developments in the field of technology, IoT, defense, construction, and others are also expected to help in the development of the global market in the near future. The growing sophistication in the nature of attacks and malicious attempts both internal and external have also helped in driving the market growth in recent years.

Some of the leading players operating in the global security solutions market are Zhejiang Dahua Technology Co., Ltd., Control4, ASSA ABLOY AB, Honeywell International, Inc., Bosch Security Systems, Tyco International Ltd (U.S.), UTC Fire & Security, ADT Corp, Alarm.com, Allegion, Godrej & Boyce Manufacturing Company Limited, Ingersoll Rand Solutions, Nortek Security & Control LLC, SECOM Co., Ltd, Hikvision Digital Technology Co. Ltd, Stanley Security Solutions, and Axis Communications AB.

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COVID-19 pandemic and extensive investments to boost growth of online tutoring services market between 2019 and 2029

The online tutoring services market is expected to gain an upper hand in terms of growth across the forecast period of 2019-2029 on the back of the growing threat of COVID-19 worldwide. Instead of physical classes, a large chunk of the populace is switching to online tutoring. This factor invites extensive growth prospects.

The pandemic has forced the shutdown of all classes and colleges. This has led the students to inculcate online tutoring in their daily life. Even after the pandemic is over, most of the parents are expected to be skeptical about sending their children to school. Thus, this aspect further invites promising growth for the online tutoring services market.

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The online tutoring services market was gaining immense growth even before COVID-19 struck the globe. A string of investments are being made across the firms in the online tutoring services market. Here are some of the prominent developments regarding investments.

• Vedantu, an Indian online tutoring platform recently raised $100 mn from U.S.-based Coatue

• Tencent recently announced an investment in Udemy, an online education startup

• Unacademy, an Edtech platform recently raised investment from Tiger Global Management and Dragoneer Investment Group

• Byju’s, an online education startup is raising fresh investments from Blackrock and T.Rowe Price

These investments are expected to give a great boost to the growth of the online tutoring services market.

Mergers and acquisitions are also an important part for gaining prominence across the online tutoring services market. For instance Byju’s recently acquired WhiteHat Jr for $300 mn.

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The promotion of digital education by various countries is further helping in sowing the seeds of growth across the online tutoring services market. Recently, the Vice President of India, while inaugurating a digital academy stressed the importance of online education in these unprecedented times. Such promotions by the governments are further helping the online tutoring services market to turn its tables of growth.

Use of tiny fibers for emerging wearable technology can help track vital signs, finds research

It might be just a few years from reality a pair of socks that tracks cholesterol or a shirt that monitors blood pressure.

In a recent study, researchers investigate the use of microfibers and minute nanofibers as wearable monitors that could keep track of vital signs of patients. Such an initiative if comes to fruition, it will address the growing concerns in the medical fraternity about monitoring of chronic illnesses such as high blood pressure, asthma, and obesity as the age of population increases.

“Therefore, in this scenario, the demand for a personalized healthcare system is escalating. A system which serves the rapidly growing demand to detect bio-signals of users at any given time and location,” said the first author of the study.

Wearable Fibers feature high sensitivity

Interestingly, the wearable fibers are flexible and highly sensitive. They can be used to gauge heart rate, blood pressure, cholesterol levels, sleep quality, oxygen levels, and other vital signs. And, because the wearable fibers are small in size, they can be directly applied on the skin or woven into garments such as socks, shirts, wristband, and neckwear.

The possibilities if use of wearable fibers are several, it could be watches, tattoos, face mask, or a handkerchief. They just need to be in contact with the skin to start giving data.

In fact, piezoelectric sensors, are one of the most promising nanofiber technologies, said one of the authors of the study. Powered by mechanical energy, these sensors are ready to be available in the market in less than three years.

And, other technologies based on wearable nanofibers may be ready for public use anywhere between five and eight years.