5G Infrastructure Market Trends, Price, Forecast & Research Report Forecast To 2028

 The global 5G Infrastructure market size is expected to reach USD 47.6 billion by 2027 according to a new study by Polaris Market Research. 5G infrastructure is an advanced technology for a mobile broadband network and a combination of Radio Access Network (RAN), core network, and backhaul & transport. It supports the future internet (FI) and provides the ultra-high broadband infrastructure for several industry vertical including manufacturing, healthcare, and automotive. With supporting high-speed internet services, 5G infrastructure helps in undertaking futuristic necessities and creates an atmosphere to facilitate socio-economic changes in the market.

 

Industries in the Europe region are ready for this change, when 3G arrived, companies mobilized their workforce, 4G started digitizing their work processes and value chain. Nowadays, industries already set up digitization pathways, enabling real time consensus between suppliers and customers through digital transformation achieved through cutting edge communication network, bolstering productivity, while keeping data secure. To capitalize on the ongoing course of evolution the industries need to focus on innovative service, sustainable market investment, promoting digital champions, reforms in spectrum policies, and regulated access to fiber backhaul.

 

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Furthermore, the outbreak of COVID-19 has dramatically changed the prospects for 5G infrastructure across the globe. In addition, several applicable verticals have jolted resulting in a supply chain disruption causing slowdown in production. However, to regain profitability & continue production, the market is expected to grow significantly in the upcoming year.

 

With advancements in the field of telecommunications, especially in mobile networks; the demand for 5G infrastructure has increased tremendously. The development of several industries succeeded with the use of 4G technologies across various sectors is one of the factor propelled market growth. Moreover, the rise in demand for enhanced bandwidth connectivity with low latency for several applications including drone connectivity and vehicle to everything (V2X) is projected to fuel the market growth.

 

Market participants such as Nokia Corporation, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Comba Telecom Systems Holdings Ltd., ZTE Corporation, Cisco Systems, Inc., Fujitsu Limited, CommScope Inc., Casa Systems, Samsung Electronics, Altiostar, NEC Corporation, Airspan Networks, HPE, Mavenir, Ceragon, Aviat Networks, Inc., Parallel Wireless, JMA Wireless are some of the key players operating in the global market.

 

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Key players in the market are focusing on launching new products, executing partnership, developing existing offering, and have adopted various strategies to expand their foothold in the market. In July, 2020, NEOM, the cross border smart city in Saudi Arabia signed contract with the STC group for establishing the 5G infrastructure. The contract would accelerate its digital ambitions, starting with the innovation center.

 

Legal Marijuana Market Trends, Price, Forecast & Research Report Forecast To 2028

 The global Legal Marijuana Market size is expected to be more than USD 90.5 billion by 2027 according to a new study by Polaris Market Research. Increasing penetration of Legal Marijuana in applications other than recreational such as pharmaceuticals, and increasing medical prospects are some of the factors propelling the market growth. Legal Marijuana is being used for treating a wide variety of diseases including cancer, arthritis, neurological conditions, Parkinson’s diseases, among others and this factor is expected to propel market growth.

 

Pain management therapies segment is witnessing rapid growth across the globe. This therapy is increasingly being used to treat elders suffering from chronic pain. Legal Marijuana are finding wide applications in pain management therapies due to their overall efficacy, easy availability and relatively low prices as compared to other counterparts and this trend is expected to benefit the overall Legalized Cannabis market growth over the forecast period.

 

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Several studies have pointed out that the usage of Legal Marijuana to treat mental disorders yield desired and positive results. Changes in lifestyle and fast paced lifestyles, advent of nuclear families, social media, among others are some of the factors that have resulted in rising number of mental disorders such as depression, anxiety disorders, Alzheimer’s diseases, etc. This trend is expected to benefit the demand for Legal Marijuana for mental disorder treatment and thus boosting the market growth.

 

North America emerged as the largest market for Legal Marijuana in the year 2019, and the segment is expected to continue to lead the market in terms of penetration and is also expected to witness a robust growth rate during the forecast period. A major contributor to this scenario is the strong demand from the U.S. There is widespread usage of Legal Marijuana in the country and this has resulted in the U.S. being one of the foremost consumers of Legal Marijuana across the globe.

 

Many states in the U.S. have issued clear directives as well as regulations pertaining to the usage of Legal Marijuana. This has resulted in widespread generalization pertaining to its usage. Other states which have not yet drafted such regulations, are under constant pressure from advocate groups, associations, among others for doing the same. All in all, the advent of Legal Marijuana is set to have a long-term impact on the food & beverage industry in the country.

 

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Some of the major market participants include Cannabis Sativa, Inc., United Cannabis Corporation., Tikun Olam, Ltd., Tilray., Lexaria Corp., GW Pharmaceuticals, plc., Canopy Growth Corporation., Aurora Cannabis, Aphria, Inc, and Maricann Group, Inc. among others. Broadening of product portfolio, strong analysis of consumer buying behavior, and efforts taken to increase awareness regarding Legal Marijuana usage are some of the key industry scenarios. Companies often have to navigate through different regulations in different parts of the world and have ensure strict compliance to it prior launching their products. In countries such as the U.S., different regulations exist for different states.

 

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Subdermal Contraceptive Implants Market Trends, Price, Forecast & Research Report Forecast To 2028

 The global subdermal contraceptive implants market size is expected to reach USD 973.5 million by 2028 according to a new study by Polaris Market Research. The report “Subdermal Contraceptive Implants Market Share, Size, Trends, Industry Analysis Report, By Product (Levonorgestrel Implant, Etonogestrel Implant, Others); By End-Use (Hospitals, Clinics, Diagnostic Centers, Others); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for subdermal contraceptive implants is expected to increase during the forecast period owing to increasing awareness regarding sexual health, rising cases of unwanted pregnancies, and government regulations regarding population control. Technological advancements, the introduction of affordable implants, and a growing population drive the market growth.

 

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The market demand for etonogestrel subdermal contraceptive implants was high in 2020. Etonogestrel implants are the long-term contraceptive solution, implanted under the skin of the upper arm. The increasing population, growing initiatives for population control, rising concerns regarding sexual health, and increasing healthcare expenditure in developing countries, such as India, China, and Japan, boost the adoption of subdermal contraceptive implants.

 

Subdermal contraceptive implants are used in diagnostic centers, hospitals, clinics, and others. The hospital segment accounted for the highest share in 2020. Availability of advanced healthcare infrastructure and the growing need to offer high-quality healthcare services drives the growth of this segment. Governments across the globe are introducing programs and awareness campaigns for population control through collaboration with hospitals, resulting in increased adoption of these implants.

 

North America dominated the global market for subdermal contraceptive implants in 2020 and is expected to maintain its dominance over the forecast period. High disposable income, the presence of leading market players, and technological advancements support the market growth in this region. Supportive government regulations and the presence of well-established healthcare infrastructure further increases the demand for subdermal contraceptive implants in North America.

 

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Asia Pacific market for subdermal contraceptive implants is expected to experience significant growth during the forecast period owing to increasing health awareness, rising spending on healthcare, and significant government schemes. Leading global market players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.

 

On account of the technological advancements, and greater need to cater to customer requirements, companies are collaborating in order to strengthen the market presence and gain subdermal contraceptive implants industry share. Broadening of the product portfolio is another trend that is visible in the industry.

 

Some of the major market participants in subdermal contraceptive implants industry include Karex Industries, Bayer AG, Teva Pharmaceutical Industries Ltd., KESSEL medintim GmbH, Allergan plc, Shanghai Dahua Pharmaceutical Co., Ltd., The Female Health Company, Reckitt Benckiser Group plc, Merck & Co., Inc., and Mayer Laboratories.

 

Polaris Market Research has segmented the subdermal contraceptive implants market report on the basis of product, end-use, and region:

 

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Primary Cells Market Trends, Price, Forecast & Research Report Forecast to 2028

 The global primary cells market size is expected to reach USD 1.79 billion by 2028 according to a new study by Polaris Market Research. The increasing investments in biomedical research coupled with growth in the occurrence of diseases such as cancer drive the growth of the primary cell culture market. Increasing demand for advanced drug development and testing, growing applications in genetic engineering and virology, and stringent regulations regarding animal testing boost the growth of this market.

 

The significant growth in healthcare and pharmaceutical sectors, technological advancements, and growing use of primary cells in stem cell therapy are some factors expected to provide growth opportunities during the forecast period. The different types of primary cells include hematopoietic, hepatocytes, renal cells, gastrointestinal cells, skin cells, lung cells, and others. There has been a high demand for hematopoietic cells, which are derived from blood and bone marrow.

 

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The demand for human primary cells was high in 2019. Human primary cells exhibit the functional and morphological characteristics of their tissue of origin. Human primary cells are increasingly being used in cancer research, and drug discovery. Other applications driving the growth of this segment include 3D cell culture, drug screening, and toxicity testing, monoclonal antibodies, and genetic engineering.

  

The increasing use of these cells for treatment and research associated with cancer, coupled with technological advancements drives the market growth. Hematopoietic primary cells are increasingly being used in stem cell therapy, vaccine development, and the study of tissue and organ replacement, thereby boosting the growth of this segment.

 

The demand for primary cells has increased from pharmaceutical and biotechnology companies for applications such as research and development, drug discovery, testing of new drugs, cosmetics, and chemicals, and analyzing of maximum permissible dosage of new drugs. The increasing investments in biomedical research, coupled with government initiatives support the growth of this segment.

 

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North America dominated the global primary cell culture market in 2020 and is expected to maintain its dominance over the forecast period. Growing advancements in cancer research, significant investment in healthcare services, and the increasing occurrence of cancer-related disorders support market growth in this region. The increasing geriatric population coupled with government initiatives and programs, and emerging healthcare and pharmaceutical sectors fuel growth in this region.

 

Some major market participants include Cell Biologics, Inc., ZenBio, Inc., Stem Cell Technologies, Sigma-Aldrich, Thermo Fisher Scientific, Cureline, American Type Culture Collection, Cell Applications, Inc., Pelobiotech, Merck KGaA, Axol Bioscience Ltd, Promocell, ALLCells, Lonza Group, AG, and Creative Bioarray.

 

Polaris Market Research has segmented the primary cells market report on the basis of source, type, end-use, and region:

 

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Medical Oxygen Concentrators & Oxygen Cylinders Market Trends, Price, Forecast & Research Report to 2028

The global medical oxygen concentrators & oxygen cylinders market size is expected to reach USD 4.62 billion by 2028 according to a new study by Polaris Market Research. Medical concentrators and cylinders are medical oxygen systems that are used to treat respiratory ailments and are commonly preferred by older patients who have limited mobility and rely on a consistent market supply. A few common chronic health conditions, such as chronic obstructive pulmonary disease (COPD), emphysema, and chronic bronchitis, necessitate oxygen therapy or supplementary oxygen.

 

The emergence of the COVID-19 pandemic has given significantly boosted market growth for medical concentrators and cylinders. By April 2021, nearly 150 million Covid-19 cases had been diagnosed around the world, with no indication of the pandemic slowing down in many areas. India is facing a huge supply crisis as a result of the flaming COVID-19 pandemic, and in April 2021, the central government has agreed to import concentrators and cylinders from the United States and has placed an order for ten thousand concentrators, which is expected to start import within a week.

 

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The need for these concentrators and cylinders has also increased in the market in recent years due to the increased prevalence of chronic obstructive pulmonary disease (COPD), and other respiratory illnesses. According to American Lung Association, in 2018, over 16.4 million (6.6% adults), US adults were diagnosed with any type of COPD, around 9 million with chronic bronchitis, and 2.0 million with emphysema.

 

The increasing market demand for medical concentrators and cylinders has resulted in the introduction and approval of new products in the market. For instance, In April 2021, Belluscura received US FDA approval for its X-PLO₂R portable concentrators. It is a lightweight system that is specifically designed to treat COPD and other respiratory disorders.

 

Exalta, based in New Delhi, India, has introduced a portable mini ventilator with an integrated concentrator, in April 2021, to help market consumers deal with decreasing O₂ levels due to coronavirus outbreaks. The mini ventilators are water based pure O₂ concentrators that delivers 1 to 8 liters of oxygen per minute.

 

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Koninklijke Philips N.V. (Philips Respironics), CAIRE INC., Drive DeVilbiss Healthcare Inc., Invacare Corporation, Inogen Inc., Nidek Medical Products, Inc., O2 Concepts, LLC, OxyGo, LLC, Precision Medical, Inc., ResMed, Linde plc, GCE Group (GCE Healthcare) and Cramer Decker Medical, Inc., are some of the key market players operating in the global market for medical O₂ concentrators and O₂ cylinders.

 

Polaris Market Research has segmented the medical oxygen concentrators & oxygen cylinders market report on the basis of product, technology, end-users, and region: 

 

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Conformal Coatings Market Size, Key Company Profiles, Types, Applications And Forecast

 The global conformal coatings market size is expected to reach USD 17.3 billion by 2026, growing at a CAGR of 5.8% during the forecast period according to a new study published by Polaris Market Research. The Report ‘Conformal Coatings Market Share, Size, Trends, Industry Analysis Report, By Material Type (Acrylic, Epoxy, Urethane, Silicon, Parylene, and Others); By End-use (Consumer Electronics, Automotive, Aerospace & Defense, Industrial, Marine, Medical, and Others), By Regions, Segments & Forecast, 2019 – 2026” provides a thorough and detailed analysis about the market with an overview of present trends and future insights.

 

Conformal coatings are a protective cover that could be a polymer or a chemical film which is applied on electronic circuits to give them long-lasting protection from moisture content and chemical contaminants in the air. These products maintain insulation cover, ensure continuity of circuit board components and oversee functional integrity of the circuit board.

 

Huge market for consumer electronics, rapid strides in medical equipment and emergence of driverless cars are some of the important factors driving conformal coatings industry. Furthermore, rise in disposable incomes and dependence on sleek electronic devices such as mobile phones, laptops and other gadgets have fueled the growth of particular products that are mandatorily used in electronic components.

 

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Automotive is one of the most far-reaching segments for these products. The development of hybrid cars is consistently empowered by technology and witnesses comfortably high growth rate being touted as an energy-efficient alternative. Electric cars and hybrid vehicles could give a more comfortable ride, optimum fuel efficiency and use more electronic gadgets, giving rise to sophistication that are the foundation of EV’s.

  

Initially, these products were the mainstays in medical and military products but with high cost per unit. But, with innovations and with rise of material science, prices have reduced considerably over the last few years. Recent technological nuances in the market include low viscosity solvent free conformal coating, parylene-like hydrophobic conformal coating, and single component conformal coating material to protect sensitive information on PCB’s.

 

These products are unique based on their material of formulation. These coatings are used, bringing to the fore their characteristics and required efficiency. Acrylic conformal coating is the largest product segment by material.  Polyurethane, epoxy and parylene are amongst the fast-growing segments.

 

Most of the product manufacturers, device fabricators and Printed circuit board (PCB) assemblers favor conformal coatings for economic and environmental reasons though solvent based ones prop up performance. A move towards green chemicals has certain resins moving at a faster rate as compared to traditional ones such as acrylics.

 

The key players operating in the conformal coatings market includes Electrolube, Kisco Conformal Coatings, H.B. Fuller, Chase Corporation, Henkel AG & KGaA, Illinois Tool Works and Dow Corning.

 

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Video Analytics Market Share Business Opportunities And Latest Trends

 The global video analytics market size is expected to reach USD 10.87 billion by 2026 according to a new study by Polaris Market Research. Since past few years, internet of things is acting as a primary driving force in several industries. IoT applications are more valuable when incorporated with video analytics. Video surveillance devices and solutions are a major part of implementing security measures, and applying video analytics makes these surveillance systems more efficient. This technology helps reduce the workload on management and security staff, and helps capture the full value of security video by making the IP camera system more intelligent in its work.

 

Globally, video analytics is largely being used on several cities, in retail, automation, and other industrial and manufacturing sectors. As there is growing demand for industrial automation across various industrial sectors, the demand for this technology is rapidly increasing in retail, banking, financial services, manufacturing, airports, and other sectors. Additionally, increasing number of application of this technology such as motion detection, license plate detection, facial recognition, crowd counting, and traffic monitoring among others are also enhancing the adoption of this technology and thus, is expected to fuel the market growth during the forecast period. Furthermore, growing trend of BYOD, IOT, artificial intelligence, and machine learning, and growing usage of cloud-based video analytics solutions are also fueling the market growth. These and many such factors are driving the growth of the market.

 

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Though many factors are driving the market growth, there are several issues that have a negative impact on the market. Factors such as impact of poor lighting or bad weather conditions, high investment for installation, and privacy concerns are expected to hinder the market growth during the forecast period. Furthermore, development of smart cities, increasing inclination towards advanced technologies, increasing necessity of business intelligence and insights, demand for enhanced video surveillance, and growing need of edge-based analytics and recognizing & profiling applications are some of the factors providing significant growth opportunities during the forecast period.  

 

The global market is dominated by North America as people here are largely investing in video surveillance systems to replace the conventional surveillance systems in order to enhance the safety and security around. Furthermore, increasing presence of dominating players in the North American region and growing investments by public and private organizations are also fueling the growth of the market in this region. Additionally, video surveillance has become a growing trend in European countries as well, based on increasing incidents of attacks in countries such as UK, France, and Germany. However, Asia-Pacific is expected to witness a fastest growth owing to growing expansion of established and emerging players in this region, increasing number of investment, strengthening the technological expertise, increasing introduction of smart cities projects and establishment of megacities in several parts of the region. Several companies in this region are receiving significant funding to improve their technologies and make them available at a reasonable price. For instance, in 2018 Gorilla Technology raised $15 million for real-time video analytics. Such investments are increasing presence of established players is driving the growth of the market in this region.

 

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The key players in the market include International Business Machines Corporation, Cisco Systems Inc., Axis Communications, Genetec Inc., Agent Video Intelligence Ltd, Honeywell International Inc., Aventura Technologies Inc., Qognify, Avigilon Corporation, Puretech Systems Inc., Intuvision, Inc., and Allgovision Technologies Pvt. Ltd among others.

 

Third Party Logistics Market Size, Key Company Profiles, Types, Applications And Forecast

 The global third-party logistics market is anticipated to reach USD 1,337.91 billion by 2026 according to a new report published by Polaris Market Research. The report “Third Party Logistics (3PL) Market Share, Size, Trends, Industry Analysis Report By Service (Dedicated Contract Carriage, Domestic Transportation Management, International Transportation Management, Warehousing and Distribution, Others); By Mode of Transport (Roadways, Railways, Waterways, Airways); By End-User (Retail, Manufacturing, Healthcare, Others); By Regions, Segments & Forecast, 2019 – 2026” provides detailed insights into current market dynamics and future market trends.

 

The manufacturing segment dominated the global market in 2018. In 2018, Asia Pacific accounted for the majority share in the market. The rise in global trading with thriving end-users E-commerce and retail has led to a booming logistics market. A key advantage offered by 3PL such as less time in completion of process has encouraged businesses to invest in it. This also increases overall efficiency and profitability. Outsourcing logistics operations enables manufacturers and retailers to stick to core competencies. Digitization and integration of IT software and solutions coupled with use of reverse logistics and multi-modal transportation is expected to offer growth opportunities during forecast period.

 

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In 2018, Asia Pacific accounted for highest share in global third party logistics market. The spiraling E-commerce market in the region and efficient logistics operations across various industries in place would accelerate the demand for Third Party Logistics services during the forecast period. The showering economic growth and increasing spread of e-commerce in India and China further increased adoption of Third Party Logistics in the region. Anticipation of global players in these countries to tap market potential boosts the market growth. The widespread disposable incomes and progressing living standards boost the growth of industries such as retail, automotive and manufacturing, thus supporting market growth in the region.

 

The domestic transportation management segment is expected to witness high growth during the forecast period. It is because of the increased logistics and transportation within the countries has increased specially in the developing economies of China and India. Dedicated Contract Carriage is a fast-moving segment of the trucking and distribution industry. Prominent companies such as Wal-Mart and Kroger use DCC to reduce costs and increase truck capacity. Several illustrious organizations have withdrawn ownership for trucking operations.

 

The 3PL market via roadways is looking profitable with increasing Government initiatives and rising investments to develop road transport networks in a smooth gesture to boost freight forwarding have led vendors to adopt road transportation modes.  This propels growth of 3PL services through roadways.

 

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The well-known companies profiled in the Third Party Logistics Market report include FedEx Corporation, Union Pacific Corporation, Kuehne+Nagel Inc., BNSF Railway Company, AmeriCold Logistics, LLC, CEVA Logistics, Landstar System, Inc., Ryder System, Inc., Burris Logistics, DB SCHENKER Logistics, Agility 98, BDP International, C.H. Robinson Worldwide (CHRW) Inc., Exel (DHL Group), Expeditors International of Washington, Inc., Flexport Inc., J.B. Hunt Transport Services, Inc.,Kerry Logistics Network Limited, Nippon Express Co., Ltd., Ozburn – Hessey Logistics, Inc. (GEODIS), Panalpina World Transport Ltd., Schneider National, Inc.,Total Quality Logistics (TQL), LLC, Transplace, LLC, Unyson Logistics, Inc., UPS Supply Chain Solutions, Inc., UTi Worldwide, Inc. (DSV A/S), XPO Logistics, Inc., and Yusen Logistics Co. Ltd.    

 

Professional Service Automation Market Size, Key Company Profiles, Types, Applications And Forecast

 According to a new research published by Polaris Market Research, the worldwide Professional Service Automation market is anticipated to reach around USD 16,407 million by 2026. In 2017, the on-premise segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Professional Service Automation market.

 

The growing need to improve business efficiency, along with increasing requirement for scalable and flexible solutions increases the demand for professional service automation. The presence of stiff competition in the market drives organizations towards PSA to gain knowledge about probable future events and make data-driven business decisions to gain edge over competitors. The rising adoption of data analytics, and cloud computing boosts the adoption of Professional Service Automation. Other factors driving the market growth include growing need for enhanced mobility, technological advancements, and growing adoption of cloud computing. New emerging markets, and increasing adoption by small and medium sized businesses would provide growth opportunities for Professional Service Automation market in the coming years.

 

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In 2017, North America accounted for the highest share in the global professional service automation market. The primary factors driving the Professional Service Automation market growth in the region include established telecommunication industry and cloud infrastructure, rising automation of business processes, technological advancements, and high investment in R&D. The increasing penetration of mobile devices, and rising adoption of cloud computing boost the professional service automation market in North America. The increased cloud deployments, rising adoption of online service delivery, and growing adoption of connected devices and IoT further increase the demand of professional service automation in the region.

 

The major players operating in this market include Microsoft Corporation, Autotask Corporation, Planview, Inc., NetSuite OpenAir, Inc., Projector PSA, Deltek, Inc., Kimble Apps, SAP SE, Appirio, Inc., and Compuware Corporation. 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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Smart Airport Market Size, Key Company Profiles, Types, Applications And Forecast

 The global smart airport market is estimated to reach USD 31.10 billion by 2026 growing at a CAGR of 11.2% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Smart Airport Market Share, Size, Trends, & Industry Analysis Report, By Component (Hardware, Software, Services); By Infrastructure; By Solution (Terminal Side, Air Side, Landside); By Application; By Region: Segment Forecast, 2018 – 2026’  provides an extensive analysis of present market dynamics and predicted future trends. In 2017, the hardware segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global market.

 

The growing implementation of self-service kiosks at airports along with increasing costs associated with high energy use increases the demand for smart airport solutions. The increasing penetration of mobile and smart devices, along with government regulations regarding energy use and emissions support the market growth.

 

The rising adoption of Internet of Things, and increasing security concerns boosts the adoption of smart airport solutions.  Other factors driving the market growth include increasing need to offer personalized services to travelers, rising demand for real-time information, and growing need to simplify and enhance user experience. New emerging markets, technological advancements, modernization of old airports, and increasing awareness among consumers regarding efficient energy use would provide growth opportunities for market in the coming years.

 

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Smart airport solutions provide high resolution imaging and advanced data processing for facial recognition, offering improved flow management and security processing. It also offers personalized wayfinding to guide travelers through terminals, and provides accurate timings at each stage. Smart airport solutions manage predictive and real time passenger flow systems to minimize queuing for security and immigration.

 

Security search use non-intrusive, on-the-move facial recognition and bag scanning, risk-based analytics, and identification of high-risk travelers. Real time data from transport systems enables adaption of flight schedules, and provide connected, automated travel options offering seamless, reliable public transport options.

 

In 2018, North America accounted for the highest share in the global market. The primary factors driving the market growth in the region include established telecommunication industry and cloud infrastructure, rising penetration of mobile devices, technological advancements, and high investment in R&D. The introduction of favorable government regulations regarding energy usage and emissions, and rising awareness regarding use of energy efficient equipment boost the market in North America. The increasing concerns regarding safety, growing air traffic, modernization of old airports, and growing adoption of connected devices and IoT further increase the demand of Smart Airport solutions in the region.

 

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The well-known companies profiled in the smart airport market report include Siemens AG, Rockwell Collins, Inc., Thales Group, IBM Corporation, Cisco Systems, Inc., International Business Machines Corporation, T Systems International GmbH, Amadeus IT Group SA, Honeywell International Inc., and Indra Siestma S.A. These companies launch new products and collaborate with other market leaders in the smart airport industry to innovate and launch new products to meet the increasing needs and requirements of consumers.

Fitness App Market SWOT Analysis, Growth Outlook, By Top Key Players

 The Global fitness app market size is anticipated to reach over USD 15.96 billion by 2026, according to a new study published by Polaris Market Research. In 2019, the fitness and activity tracking segment dominated the market, in terms of revenue. North America is expected to be the leading contributor to the global fitness app industry during the forecast period.

 

A significant increase in the obese population, changing lifestyles, and increasing health concerns primarily drive the market growth.  Other driving factors include increasing occurrence of diseases associated with obesity, increasing disposable income, and increasing awareness regarding health and nutrition. The increase in obesity related diseases such as diabetes and hypertension along with sedentary lifestyles of consumers further propel the market growth. The number of memberships for health clubs and gyms has increased significantly over the years, further promoting the growth of fitness app industry. Increasing demand in developing nations, increasing penetration of mobile devices, and availability of high-speed internet services is expected provide numerous growth opportunities to the fitness app industry players during the forecast period.

 

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A few major fitness apps available in the market include Runtastic Results, Calorie Counter & Diet Tracker, and Sweat, Kayla Itsines Fitness among others. Runtastic Results: Workout & Strength Training is offered by the Austrian company Runtastic. As part of the primary marketing strategy in fitness app industry, the company offers a wide range of portfolio with 20 different mobile apps running on all platforms. Runtastic was bought by Adidas in 2015 to increase its market share in the global fitness market industry. Sweat: Kayla Itsines Fitness is an app offered by The Bikini Body Training Company. This app provides nutrition recommendations and a series of aerobic exercises in the Bikini Body Guide (BBG) to practice at home.

 

In regards with the global fitness app market share, North America was in the forefront followed by Asia Pacific and Europe. The increasing population in the region coupled with high disposable income drives the market growth. The sedentary lifestyle of consumers in the region has encouraged them to adopt fitness apps to stay healthy and acquire proper nutrition. Asia-Pacific is expected to grow at the highest rate during the forecast period. Increasing disposable incomes in developing countries of this region, rising awareness and increasing health consciousness, growing presence of fitness centres, and growing penetration of smartphones further foster the growth of the fitness app industry in this region.

 

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The key companies profiled in the report fitness app market analysis includes MyFitnessPal Inc., Dom and Tom Tom, Motorola Mobility LLC, Grandapps, Fitbit, Azumio, WillowTree, Inc., ASICS, Under Armour, and Appster among others. These companies launch new products and collaborate with other market leaders bringing innovation to meet the increasing demand of consumers.

 

Polaris Market Research has segmented the global fitness app market on the basis of type, platform, deployment, gender, and region:

 Fitness App Type Outlook (Revenue, USD Billion, 2015 – 2026) 

• Workout & Exercise Apps
• Disease Management
• Lifestyle Management
• Nutrition & Diet
• Medication Adherence

Fitness App Platform Outlook (Revenue, USD Billion, 2015 – 2026)

• Smartphones
• Tablets
• Wearable Devices

Fitness App Deployment Outlook (Revenue, USD Billion, 2015 – 2026)

• Android
• iOS
• Windows
• Others

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