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Thursday, 25 June 2015

Hearing Aid Devices has Acted as a Key Factor for The Market Growth

A hearing aid is an electronic device designed to amplify sounds, particularly speech for people with hearing impairments and loss in hearing abilities. A hearing aid consist of a microphone, a loudspeaker, an amplifier and a battery. The microphone picks up the sound, which is made louder with the help of an amplifier so the wearer can hear things more clearly. Hearing aids are incapable of truly correcting a hearing loss but they are an aid to make sounds more accessible. The global hearing aid market has observed an increase in demand as a result of rising geriatric population. Moreover, hearing aid manufactures are involved in developing and evolving new high-tech hearing aids that are more wearable, with enhanced performance and wireless connectivity to electronic devices. 


The increased sales of digital hearing aid devices has acted as a key factor for the market growth. The development of wireless hearing aids are encouraging more people to opt for hearing aids than ever before. In addition, efficient reimbursement schemes in most countries acted positively for hearing aid market. However, some factors limiting the growth of hearing aid market are elderly population with low income and very few reimbursement plans, particularly in emerging markets. Lack of infrastructure and low average selling price can be one of the obstacle for the growth of hearing aid market in under developed regions.

The hearing aid market can be segmented in terms of technology and styles. Hearing aid technologies are of three types namely; conventional analogue, analogue programmable and digital programmable hearing aid technologies. Conventional analogue hearing aids are designed with a particular frequency response setting instructed by the audiologist to the manufacturer. Although, some adjustments can be made but this aid essentially amplifies all types of sounds (noise and speech) in the same way and is the least expensive technology. Analogue programmable hearing aids have a microchip that allows the audiologist to program the aid for different listening environments for different hearing loss profile, speech understanding and tolerance for louder noise. 

Digital programmable hearing aids have all the features of analogue hearing aids but they are more digitized. Digital hearing aids are self-adjusting, flexible in programming and matches specific hearing loss patterns. Digital hearing aids have key benefits such as longer life span, noise reduction, better fitting, improved programmability, wireless and bluetooth connectivity making them slightly expensive and the most demanded hearing aids. The common styles of hearing aids can be divided into behind-the-ear instruments and in-the-ear instruments. The in-the-ear instruments consist of a completely-in-the-canal (CIC) hearing aid that is molded to fit inside the wearer’s ear canal. It is smallest and least visible type and are in most demand. An in-the-canal (ITC) hearing aid is custom molded and fits partly in the ear canal. It is less visible in the ear than larger styles. An in-the-ear (ITE) hearing aid is custom made that fits within the outer portion the ear. 

It is helpful for people with mild to severe hearing loss. The most appropriate for people of all ages and those with almost any type of hearing loss is the behind-the-ear (BTE) hearing aid that needs to be hooked over the top of the ear and rests behind the ear. A tube connects the hearing aid to a custom earpiece called an ear mold that fits in ear canal. The receiver-in-canal (RIC) and receiver-in-the-ear (RITE) styles are similar to a behind-the-ear hearing aid with the speaker or receiver in the canal or in the ear. A tiny wire, rather than tubing, connects the hearing aid to the ear mold. Overall, it was observed that behind-the-ear hearing aids dominated the hearing aid market in terms of share.

Geographically, Europe is the largest hearing aid market in the world followed by North America. Presence of large number of geriatric population across the developed countries of Western Europe and patients holding relatively higher purchasing powers is one of the primary factor attributing to its large share. The large population of the U.S. are baby boomers, a generation which is considered the wealthiest and healthiest to that time as they were amongst the first generation of population to get exposed to technologies and economic opportunities. The generation’s oldest population is over 65 years of age and thus have entered the target zone of hearing aid industry. This group is tech savvy and health conscious. This is a vital opportunity for the significant growth of hearing aid market as well as portable medical devices market. Majority of hearing aids are sold in the developed markets, while emerging markets have currently low penetration but high market potential in the near future. Both India and China possess the most attractive healthcare market business because of being the world’s most populated countries resulting in large patient pool. Brazil and Mexico were observed as the most potential countries in rest of the world hearing aid market due to rising disposable income, developing healthcare infrastructure and growing economy.

Some of the major players in the global hearing aid market include Sonova Holding AG, William Demant Holding A/S, GN Resound, Widex A/S, Siemens Healthcare AG, and Starkey Hearing Technologies. The other vendors in the market are GN ReSound, Panasonic Corp., Amplifon SpA, MED-EL GmbH, and Zounds Hearing Inc. 

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

  • North America 
  • Asia Pacific 
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of 

  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.   

About us

Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.

Monday, 23 March 2015

Power Banks Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2014 - 2020

A portable charger used to charge a wide range of digital product is called power bank. Power bank is also called battery charger. It is used as back-up charger, an external battery or plug-in charger for charging battery cells or rechargeable battery. Power bank is a suitable way to charge electronic device whenever and wherever needed. Mobile devices, digital cameras, laptops and tablets can be charged using power bank. The power bank is designed on the basis of device being charged. Power bank can be re-used and recharged. Milliampere-hour is the measuring unit for the capacity of power bank. Higher Milliampere results in the higher storing capacity of power banks. 

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Power bank comprise of lithium batteries as they are affordable, compact in nature and widely available. A power bank is different from each other even though the battery capacity is exactly the same; in terms of compatibility, pricing, cell quality, internal design, size and cell grade. Power bank batteries are categorized as cylindrical battery, square aluminum case and polymer battery. Due to the high mechanized cost for battery cell made of Lithium-Polymer comparing it to Lithium-Ion, the price of power bank made of Lithium-Polymer battery is higher than the power bank comprise with Lithium-Ion battery. Casing made from standard shell offer protection from any leakage or harm from the power bank. A power bank in general will require 5V/1A for optimum charging period across the globe. Power bank quality, cell PCB board design, actual capacity and reliability are factors determining approximately device charge per cycle.


Mobility and versatility are the most important features of power bank. Power bank are available in various sizes, shapes, capacities and colors. Global power bank market can be segmented on the basis of application and product type. Mobile phone chargers and Electric vehicle chargers are segments of applications. Solar power bank, power bank with LED and built-in rechargeable line are segments of power bank products.

Improved living standards, increased consumer purchasing power and rising economies are uplifting electronics market. The demand for power bank rises as electronic devices comes with low battery capacity. Longer duration usage of smart phone, increased demand of smart phone and increased usage of tablets has spurred the market growth of power bank globally. Functionality of electronic devices are increasing, propelling power bank market. Smart phone battery life has been a problem for consumer. This constraint has become opportunity for power bank companies. Safety is a concern as low grade power cells can be volatile based if overcharged in case of lithium-ion battery.

China is the important player in the power bank market, increasing demand across the world is increasing opportunities globally. Cell phones are sweeping the developing world as the technology become cheap. Growth of power bank market will increasingly rely on emerging market as Western Europe, Japan and North America reach saturation. Power bank is expected to attain success in developing nation where the power grid is lacking.

Some of the global players in power bank market are BYD Battery Company Limited, Energizer Holding INC, LG Chem Power Inc., Philips, Sony Corporation, Lishen, Buffalo Technology, Samsung Electronics, Ultralife Corporation and Sanyo among others. Research & developments and innovations are adopted by the companies as the strategies to rise in the power bank market.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

This report provides comprehensive analysis of
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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About us

Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers.

TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge.

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Sunday, 9 November 2014

Popularity of Mobile Payments Market - Global Trends, Forecast and industry analysis - 2010 – 2017

The research report offers an in-depth comprehension of the mobile payments market structure, assesses its different aspects, and enunciates both qualitative and quantitative analysis patterns. It divides the market on the basis of various parameters and assesses each sector and sub-sector in overall mobile payments industry. The factors that drive as well as restrain the growth of the industry have been elaborated, helping professionals take important steps in their business. The report also investigates regions with a potential for emerging and profitable markets, and stagnant or mature markets along with possible advantages for growth.
Using Porter’s five forces analysis, a SWOT assessment, and analyzing the market value chain, this research report describes the competitive scenario and helps obtain forecasts for the same. The key areas that the report focuses on with regards to each firm are key player descriptions, financial and accounting details, business concepts and strategies, and current and recent developments.
Overview
The global mobile payments market, also known as mobile money, is concerned with the payment of bills using mobile mediums. This includes Short Messaging Services (SMSes), smartphone apps, Near Field Communication (NFC) and financial service providers such as Google and Ericsson. The idea of using the mobile payment market comes from avoiding the use of coin, currency, paper, and plastic media, such as cash, checks, credit/debit cards, and bank transactions. Micropayments form the majority bulk of the mobile payments market.
A key market driver for the mobile payments market is the technology progress in developing countries within underbanked communities. The use of mobile payments in developing and disaster-stricken countries like Haiti has influenced both private and public funding organizations alike, such as the Bill and Melinda Gates Foundation and MercyCorps. Key restraints in the mobile payments market include the non-availability of suitable technology to propagate the concept in underdeveloped countries, and low income families that cannot acquire an appropriate mobile payments medium. Inconveniences such as a constant need to verify and register over multiple networks might also prove to be a restraining factor for the market.
The mobile payments market can be segmented into four categories based on the models of payment used; the primary models are premium SMS transactions, Direct Mobile Billing, Contactless NFCs, and Mobile web payments (WAP). Online wallet services like PayPal, Amazon Payments, and Google Wallet are also included in the mobile payments market. Most of these payment methods require a user to be registered on to the payment company’s roster, after which they can use the account as a cashless transaction account.
Companies mentioned
Key players mentioned in the mobile payments market mentioned in the research report include MokiMobility, txtNation, Mahindra Comviva, and Auriga.
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Thursday, 6 November 2014

Business Process Management (BPM) Market Replaces Traditional Management with Performance-Oriented Management

In the past 30 years, business process management (BPM) has been an outcome of methodologies and technologies that are being used to define, optimize, and automate the current process in a given business. It is a field of operations management that aims to improve corporate functioning by optimizing the processes within it. Thus, it can be summarized as a process optimizing process. It is a popularly believed that business process management (BPM) is a far more effective process as compared to conventional hierarchical management. The business process management market that provides service to other industries is actively finding its way in the corporate world. Business process management (BPM) is crucial to every organization as it works towards improving revenue and positively impacting the cost of operations.
Business process management market essentially caters in the form of connection, integration, and service-oriented architecture (SOA) process management. These techniques are becoming increasingly popular amongst corporate houses for they often result in efficient workflows. Earlier, business process management market worked on delivering solutions by automating business processes by using information technology. However, it now includes a human aspect to factor in fluctuations in productivity. BPM also uses disciplines such as Six Sigma to eliminate unnecessary problems in workflows. With technologies such as Process Flows, SIPOCs, CTQs, RACIs, and Histograms users can visualize functions and processes, measure success, analyze simulation to determine possible scope for improvement, improve and implement, control, and re-engineer as the need be. In short, the lifecycle of a business process management includes design, modeling, execution, monitoring, optimization, and reengineering.
Components of Business Process Management (BPM) Market
The business process management (BPM) market is segmented on the basis of various end users it provides services to. Thus, this market can be segmented as banking, retail, finance, automobile, transportation, education, energy, telecommunications, healthcare, public and private sector, government, research, energy, manufacturing, design, utilities, defense, and travel and tourism among others. The business process management (BPM) market can also be segmented on the basis of geography such as Asia Pacific, North America, Europe, and Rest of the World. Some of the biggest players impacting the business process management market are IBM, Global 360, Oracle, Hewlett Packard, Fabasoft, EMC, Adobe, PegaSystems, Microsoft Biz Talk Server, SAP Frankfurt Stock Exchange, and Fujitsu. The financial strategies, mergers and acquisitions, and key growth strategies will decide the future of the BPM market in the coming years.
What Lies Ahead for Business Process Management (BPM) Market
As the intrinsic nature of economies is unstable, companies are always seeking higher productivity, improved risk management, logical cost control, and strategies to deal with cutthroat competition. As these agendas become the undercurrent for companies to function, they constantly need to focus on improving their processes and management. It has become imperative for the companies to constantly question their operational excellence to deliver improvement and innovation. In light of these necessities, businesses are readily adopting services offered by business process management (BPM) market. The growth of business process management market will also be fueled by companies witnessing a remarkable change in the quality of work due to standardization of business processes. The biggest advantage driving companies to adopt these measures is the reduction in risk, by early identification of issues and timely intervention. The business process management (BPM) market growth is a result of change in perspective towards running businesses. As new systems bring in newer approach to improve performance, decision making, and seizing opportunity, they are finding their way into management which was earlier dictated by hierarchy.
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Monday, 3 November 2014

Global Team Collaboration Software, Audio and Video, Web Conferencing Solutions Market up to 2020


Web conferencing or webinar is a type of RTC (real-time communications). In web conferencing several computer users with Internet connection can see similar screen in their Web browsers. It is a service that permits conferencing events to be shared with the remote locations. Web conferencing can also be referred as online workshops interactive conferences. This service uses Internet technologies, mainly on TCP/IP connections. Web conferencing allows multicast communications and real-time communications (point-to-point) from one sender to multiple receivers. It provides data streams of voice, text-based messages, and video chat to be shared across dispersed locations. This service permits users to execute seminars and business meetings, presentations, demonstrations among others. It also offer direct customer support and provide online education.

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Web conferencing offers efficient way to demonstrate products online, present information and collaborate with customers. In a web conference, every participant with their own computer is connected to other user by means of the internet. It is the most advanced technique employed by organizations to reach their customers at flexible times at the same time providing digital work place and saving travel cost. The most efficient web conferencing solutions need high-speed Internet connections at user sites. Some of the popular web conferencing services comprise features such as full-motion video, voice over IP (VoIP) and texting.

Web conferencing offers several advantages to businesses in different ways. It reduces geographic barriers for business teams who work on specific business processes. Web conferencing cut expenses by reducing cost for several activities. Web conferencing has become preferred method over travelling and other traditional communication methods due to worldwide economic trends. Web conferencing eases training activities for employees in different locations. Enterprises can benefit from engaging with external constituents such as customers and business partners to build relationships using web conferencing tools.

With the improvements in web cameras, information technology and the internet, communicating by means of web has become effective and efficient. This has lead to renowned interest in web conferencing communication over the past couple of years. Web conferencing mainly driven by wider deployments and larger base of service users. There is an accelerated adoption pace of web conferencing services as it offers potential cost savings and productivity enhancements. Requirement for flexible work styles, rapid pace of technology change and ongoing workplace transformation are further supporting the web conferencing market growth.

The ideal web conferencing software must have threaded discussions within conferences, host tools and speed, filter and search tools for readers, separate conferences for broad subject groups and access control among others. Different web conferencing services providers provide service on a nominal monthly subscription. WebEx MEetMe Now, Citrix GO To Meeting, Microsoft Office Live meeting, Acrobat Connect Professional and IBM Sametime are some of the leading web conferencing software.

Some of the key participants in this industry include PowWow365, Adobe Connect, Calliflower, Cisco WebEx, Elluminate, GoToWebinar, Epiphan Systems, ACT Conferencing, Genesys Meeting Center, IBM Sametime, eXo Platform with Weemo, VeriShow, InterCall, BigBlueButton, Mikogo, Oracle Beehive, Netviewer, RHUB Communications Inc., Skype, Starlight Networks StarLive, OmNovia Technologies, TeamViewer, VenueGen, TimeBridge and Voxeet among others.

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Friday, 31 October 2014

Smart Watches Market - Global Segment and Forecasts Up to 2020

Transparency Market Research (http://www.transparencymarketresearch...) includes new market research report "Smart Watches Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth And Forecast 2014 - 2020" to its huge collection of research reports.

 

Wednesday, 29 October 2014

Smart Watches Market - Global Trends, Industry Analysis and Forecast till 2020


The global smart watches market is expected to show a remarkable growth rate by coming years. One of the major factors contributing the growth of the global smart watches market is the entrance of big vendors in the market. The market has also witnessing an increase in R&D spending. The global leading players such as Sony, Samsung, Pebble, and Maritime have increased their R&D investments for smart watches. For that, they are entering into partnerships with value-added resellers and suppliers and investing in R&D activities. These increasing R&D investments are helping players to introduce new products with better integration ability and accuracy. This will help with the reduction in smart watch prices and lead to an increase in their adoption among consumers.


Although the various driving factors, the global smart watches market is retraining due to the lack of proper technology standards. In addition, this is a new and emerging technology and thus technology standards are not clearly defined. The wearable computing device has failed because of the bulkiness, ugly look, battery issues and weak functionality. However, after the launch of number of new smart watches, consumer perceptions have changed. Nowadays, smart watches have become an important accessory to smartphones and an independent communication device. In future, smart watches will have a screen which potentially run software and allows to serve a robust extension to smartphone operating systems and apps.

The global smart watches market is segmented into two major categories, on the basis of application into general consumers, sports and healthcare and others. The market is also segmented on the basis of product characteristics into companion devices and standalone smart watches.

The market is driven by factors such as the rapidly growing consumer electronics goods industry and its distinctive features. The rapid technological advancements and changing consumer preferences will also act as drivers for the global smart watches market. Other factors fuelling the growth of the global smart watch market are the growing adoption of wireless technologies and softwares. Also the continuous adoption of mobile processor technologies is driving the demand for this market.

Some of the factors inhibiting the growth of the global smart watches market are the lack of standardization in this technology. The growing penetration of electronic devices will serve as an opportunity, fuelling the growth of the global smart watches market.

Some of the key players in this market are ConnecteDevice Ltd., Google Inc., Martian Watches, Metawatch Ltd., Qualcomm Inc., Samsung Electronics Co. Ltd., Sony Corp., Apple Inc., Pebble Technology among others. Earlier the global smart watches market was dominated by players with relatively low brand image in the electronic device industry. However, after the entrance of new big vendors in the consumer electronic device industry, the demand and curiosity for smart watches have increased among the end consumers.


About Us
Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.

Contact:
Transparency Market Research
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