researchonglobalmarkets-blog

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An overview of the Global Machine Learning Market for beginners (on Wattpad) https://my.w.tt/v0DYxOTt51 Here in the article is a discussion on the concept of machine learning and its various types, providing a brief overview of the Global Machine Learning Market.

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A general overview of the Global Telehealth Market

The telehealth market is experiencing a greater rate of adoption among consumers due to the growing geriatric population, the increasing prevalence of chronic diseases and higher government expenditure on healthcare. 

 The Global Telehealth Market has made it possible to provide better healthcare services by bridging the gap between doctors and patients. As per the report published by research on Global Markets, the Global Telehealth Market Size is expected to reach USD 25.3 Bn in 2022, growing at a CAGR of 14.5%.

The term telehealth refers to the delivery of health and health-related services via telecommunication or electronic technologies. Telehealth technologies include streaming media, wireless communication, and video conferencing. It further includes physical therapy done via digital monitoring instruments or robotic surgery occurring through remote access, transfer of test results between facilities for interpretation by a higher specialist and home monitoring of patients among many others. 

The remote patient monitoring (RPM) segment is the most prevalent telehealth technology, contributing to the largest share of the market. In various countries like the United States, the United Kingdom and Canada, there are regulations of imposing a fine on the readmission of patients within 30 days of discharge. Additionally, most patients find it convenient to get treated from the comfort of their homes and then, there are patients suffering from chronic diseases or elderly people for whom it is difficult to constantly shift places for treatments. All these regulations along with the increasing healthcare costs are the major reasons for the widespread adoption of Remote Patient Monitoring.

It is estimated that telehealth can reduce the cost of healthcare by eliminating the physical barriers that prevent patients from looking after their health over time. By taking advantage of the services telehealth provides like live consultation with healthcare providers, patients can not only reduce the cost but also improve the chances of early detection of diseases.

Researchers believe that the coming decade could be the tipping point for the Global Telehealth Market. The proliferation of mobile technology and the increasing affordability of the data services are spurring the adoption of telehealth among consumers. 

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Global Self-monitoring Blood Glucose Devices Market Size

Anyone with diabetes probably owns a glucometer, as it’s the only convenient way to assess blood glucose levels. Today, the Global Self-monitoring Blood Glucose Devices Market is filled with loads of accurate, affordable options and comprises of several kinds of testing strips, glucometers, lancets and lancing devices. Some people also need devices that they can use in other situations, such as.

Women who are pregnant, where changeling hormone levels affect the actual glucose reading.

Individuals who experience low blood sugar or hypoglycemia more often than others.

Individuals who find it tough to reach and maintain blood sugar level goals.

Individuals who on medications for other conditions and that can have an effect on glucose levels and the eventual readings.

These other consumers are adding to the Global Blood Glucose Monitoring Market Growth, that’s forecast to expand at a CAGR of 4.8% and will reach a value of USD 9.4 Bn in 2023. For additional help on catering to an ever-diversifying customer base and hang onto their market position, players are investing heavily in product launches likely to have more reach and mergers and acquisitions to get more buyers and improve on their technical skills.  

What are the options in the market for blood glucose monitoring devices?

SMBG or self-monitoring blood glucose devices that can be used several times daily. They’re easier, but invasive where users need to prick their fingers for a drop of blood placed on test strips. The devices then read this blood drop and some are capable of storing readings or transfer them via smartphone apps. Instructions for using most SMBG devices are general but require supplies like test strips, lancets, alcohol, and containers for disposing of used lancets.    

CGM or continuous glucose monitoring devices that measure blood sugar constantly at regular intervals throughout the day. They are relatively new and have adhesive patches and micro-needle sensors to be attached to the skin. Some devices can interact with smartphone apps, other reading devices and even comes with insulin pumps attached.

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Opportunities and future trends in the Medical Devices Market In India (on Wattpad) https://my.w.tt/8gnesFkxN1 In this article, we cover new opportunities and upcoming trends in the Medical Devices Market In India.

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Four Companies to look out for in the Global Location-Based Services Market

Location-based services are the services that are offered through a smartphone taking into account its geographical location to generally provide information or entertainment. More and more companies are working on integrating location-based services in their apps.  

The LBS technology market can be segregated into several different application uses like Navigation, Infotainment, Tracking, Games and Augmented Reality, Search and Advertising among various others.

According to the Location Based Services Market Research Report published on Research on Global Markets, the Mobile Location-Based Services Market is estimated to expand at a CAGR of 24.6% till 2023. Here is a discussion on the list of the key players in the market that are working on making the location-based services a global phenomenon.

Google Google, as we all know, is a multinational corporation that focuses on internet-related services and products. Their services include search engine, online advertising technologies, cloud computing and software. One of the most well-known services offered by Google is their Google Maps. Google Maps provide useful navigation information, like the location of restaurants or retail stores, ATM stores and other things based on the requirement of the user. The other mobile LBS services offered by Google are Google Search, Google Now and knowledge graphs among others.

Foursquare Foursquare is a mobile LBS app innovator which has worked on popularising the concept of checking into location using a smartphone and sharing real-time location with friends. It has established itself in the market and allows users to access a database for information related to food, entertainment and shopping.

Baidu It is a Chinese multinational technology company specializing in artificial intelligence and internet related services. Baidu helps users find information regarding images, documents, multimedia files, webpages and news.

Facebook It is a networking company as is known by almost everyone, offering development tools and application programming interface to create mobile and web applications. Facebook Places is the company’s first venture into the location-based services market. It has been gaining popularity with users interested in sharing where they eat, play or shop.

The location-based services market is all set to become the next big thing and is already being adopted by various industries across the market. With the recent developments in edge computing, artificial intelligence and 5G, the Global Mobile Location-Based Services Market is expected to experience a stupendous growth.

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What are the factors driving the growth of E-Payment Solutions Market In India? (on Wattpad) https://my.w.tt/yKFtAIaxy1 Here is an overview of the factors that has been driving the growth of the e-payment solutions market in India.

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How farmers can benefit from Agricultural Machinery Market In India

A majority of India’s population is involved in the business of agriculture, but only about a handful of them are actual landowners, or holders of the land that they till and the remainder are landless labourers. Then inside the segment of land owner’s farmers, most of them fall under the marginal or small landholders, owning an approximate of 5 fives or less.

These statistics show just how little of this agricultural land is left, and how expensive farming has become when too many farmhands are hired. It would seem as though agricultural machinery would be the right answer here, helping farmers to cultivate faster, more efficiently using as little as input as possible.

But there’s a catch – the smaller that farmland is, the higher the cost of input and machinery is actually unaffordable here. This means that the Agricultural Machinery Market In India has a very small consumer base – about a fraction of those bigger farm owners that can occasionally afford to buy expensive agricultural technology.      

This was one challenge that the market dealt with for a long time. The other issue was the loss of employment for farmhands, in addition to that the output of the machines couldn’t be used fully and this was a loss to small, marginal farmers.

So one trend that the industry is working on the development of low-cost technologies, coupled with support from the state. It is these tools that can help farmers with boosting their production, using less input cost and labour – and they’re simpler to use as well, meaning that the landless labour can be trained in their operation.        

Another concept is that of farming production companies, where farmers can purchase implements collectively and share them. One obstacle it creates for the India’s market for agricultural machinery is that these cooperatives don’t have the legal infrastructure to back them up; at best, the structure there is at present permits small farmers in gaining stronger bargaining power.

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How Hydroponics is helping the Global Organic Food Products Market

Could there be such a thing as perpetual farming? Where issues like unsustainability, due to dropping yields, low prices don’t affect output or revenues earned on it? Farmers have found one workaround called Hydroponics, a new cultivation trend that’s created another niche in the Global Organic Food Products Market.    

In this style of cultivation, plants are grown using liquid, gravel or sand that has added nutrients in it but excludes the use of regular soil. Usually, terrestrial plants are grown this way, where only the roots are exposed to nutrient-rich solvent or are sometimes supported by solid materials like perlite, gravel or sand. Since the trend and infrastructure involved have only just been perfected, farmers use it to grow a lot of green, leafy vegetables like tomatoes, spinach, lettuce, kale, and even hemp.

These are the type of plants, herbs that are delicate in nature and tough to grow on regular soil. They are also sold as they are, unprocessed unlike most bigger cash crops and so hygiene is a huge factor where the plants have to be free of soil, pests, etc.

Apart from an initial investment in the specially designed liquid or water beds that the plants are grown on, there are no ongoing purchases in the form of fertilizers and pesticides. These water beds do have actual H20 and farmers raise freshwater fish in them, and this is where the nutrition for plant growth comes from. In some setups, the water from fish tanks is pumped into these beds where plants are being cultivated.  

So, it even combines aquaculture – cultivating fish, shrimp and this is the second source of revenue. Even the water requirements are less, usually about a tenth of what’s required for commercial cultivation and it is often recirculated back to the fish tanks once the plants have absorbed the nutrients in ti.

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How is the adoption of technology changing the Hotel Industry In India?

The Indian hospitality industry has evolved as one of the main industries driving the growth of the Indian economy. India is a large market for travel and tourism since it provides a variety of landscapes be it the sea or the mountains of dense forests. It has also been gaining popularity as one of the spiritual tourism destinations for domestic and international tourists.

From the backwaters in Kerala to the Jantar Mantar in Jaipur, the Hotel Industry in India is all about selling the unique experiences the country has to offer. In today’s time, travelers or tourists are not only travelling to enjoy the varied landscapes but are also looking for an experience out of the ordinary. They don’t just want a place to stay, they want to live in luxury for a few days away from the mundanities of everyday life. The strategies which are being adopted by the hotel industry to provide this experience to the people are turning the market into a competitive one, where the big players in the business are constantly trying to outdo each other.

To align with the guest expectations and stand out from the competitors, technological advancements are being introduced in the field. Hotels have brought about a new front to the check-ins and check-outs. The innovations are doing wonders in preventing the queue at the front desk after a long journey. Instead, digital check-ins and check-outs has taken its place.

Furthermore, many hotels are now offering mobile room keys. Guests are allowed to access their room via their smartphone app. This not only saves the cost of printing the environmentally harmful plastic keycards but also the hassle of managing the keycard inventory.

Another technological trend that has been taking the hospitality management market by storm is the Internet of Things. A popular example of this being used with the hospitality sector in the internet enabled thermostats. These automatically adjust room temperatures according the weather conditions or the preference of the consumers.

The introduction of AI and IoT in the hospitality sector is allowing the hotels to manage guests more efficiently, build enough revenues and are also facilitating them to provide their guests with unique experiences.

Related Story: How profitable is the Hotel Industry In India Can the Hotel Industry In India deal with present issues Emerging trends in the hotel industry in India Good times ahead for the Hotel Industry in India!

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Understanding the trends in the air care market in India

Fragrances play a special role in our life. Scientifically speaking, fragrances have a direct correlation with memory. Often you must have experienced how certain fragrances etch a lifelong memory in our minds about people, places and occasions. Like the fragrance of a new baby, its unforgettable. The aroma that emanates from the food your mother prepares, its unmatched to anything you will eat ever in your lifetime. There’s no denying that fragrances can evoke a range of emotions in us that refresh our memory in an instant. As a result, the fragrance market is also a very special market. People indulge in buying special air care products for their homes, bathrooms, and even cupboards.

If we go by the numbers then, the Air Care Market in India is expected to reach a value of INR 13.54 Bn by the end of 2020, expanding at a compound annual growth rate (CAGR) of nearly 22.1% from 2017. This indicates that the market is growing, particularly in the segments of home fresheners, car fresheners and bathroom fresheners.  Amongst the three, the car fresheners segment is leading with a market share of nearly 50% and revenue of close to 2.5 Bn. However, in the times to come this growth may be dampened a little due to a slump in the rate of new car sales. It will impact the overall market share and revenue of this segment.

Another interesting thing to note here would be the export trends in the Air Care Market in India. Millions of units of air fresheners have been exported from India to countries like the United States of America, Malaysia, Japan. This shows that despite the demand in the domestic market for air care products, India is able to cater to the global demand as well and supply to them.  

All in all, it appears that despite the slow down in certain sectors in the domestic market like automotive and real estate, the Air Care Market in India is likely to go strong as the export trends are on the positive.

For More Information On This Report, Please Visit @ https://www.researchonglobalmarkets.com/air-care-market-in-india-2017.html

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Challenges faced by the Specialty Chemicals Market in India

For decades now the specialty chemicals industry has done well. It belongs to the class of industries who are always profitable irrespective of the market movements. However, that doesn’t mean this industry doesn’t face any challenges. In fact, they do, and their challenges call for larger sacrifices than other industries.

Let us take a look at the challenges faced by the Specialty Chemicals Market in India.

1)      Gone are the days when product portfolios seldom changed, these days, consumer demands cause severe changes to be made to product portfolios. Al though brands and product teams align to the demands of the changing consumers, when it comes to suppliers in the Specialty Chemicals Market in India, it adds to their undue pressure and leads to losses as they estimate the demand and stock raw materials accordingly.

2)      Expansion in times of crisis to other countries and regions is a necessary step towards achieving profits. However, due to lack of uniformity and regulatory challenges across regions, suppliers find it difficult to find new markets.

3)      No company is able to forecast the consumer demand accurately and as a result, stocking becomes a challenge. For the players in the Specialty Chemicals Market in India being stocked is very important to cater to the manufacturers. Hence raw material suppliers have to calculate the demand. With erratic and changing forecasts, it poses as a huge challenge.

4)      Sustainability issues are also adding excessive pressure as the raw materials necessary for manufacturing speciality chemicals are also non-renewable. As a result, production process has to be optimized well to ensure zero losses.

5)      Pricing changes as the chemical industry is dependent on material cost, shipping rates, tariffs and many other factors which constantly change. However, chemical industry is not very confident of changing the pricing. This puts a lot pf burden on the players in the market.

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Can the Global Online Clothing Rental Market survive

Options in the Global Online Clothing Rental Market are turning into the choices for those wanting branded clothing for less. It has grown really fast since the ideas first came about but the big question now is will this kind of a market survive? Clothes on rental is a pretty good idea that people seem to be enjoying and are really benefitting from, especially in countries like the US, UK, certain parts of APAC and Latin America.

This type of platform entail two of our favourite things – clothes and renting something out because it falls cheaper. It also appears to be just the solution for working professionals that only have enough time to shop for a few daily basics, but not something more luxurious. Let’s elaborate on that.

These people will only purchase affordable basic clothing that they can wear daily, or for work, but what do they have to wear to special occasions – the kind of clothing that is costly but is required every now and then?

Plenty of well-known players see to answering the second part of that question – players like Rent the Runway, Le Tote, Dress & Go, Glam Corner, Drexcode, Flyrobe, La Reina, Style Lend. What is aiding these brands are some pretty simple facts about their work and what this industry is built on. For instance, most of the platforms are marketed with this DIY concept in mind.

This is where the users determine the clothes they want to rent and how much of their budget they are prepared to spend on it. The other thing is the convenience factor, where the users have everything delivered to them, it is even picked up by delivery personnel post use.

Then, the clothes provided are from brands and don’t have to be purchased, other than the nominal fee or service charge levied on each piece and so it’s not only beneficial for someone who needs to wear something exclusive, but also for someone who needs something affordable.

Related Story: Global Online Clothing Rental Market What are the benefits of Global Online Clothing Rental Market?

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What the trends and challenges of the Global Mobile Location-Based Services Market?

Location-based services (LBS) use a smartphone’s GPS technology to provide information, location, entertainment or security. This service empowers consumers to use services based on their location, like checking out restaurants in the locality or booking a ride.

With the broadening user base of smartphones and internet penetration in the prevailing situation, there is a notable amount of growth in the global Mobile location-based services market. The location-based services market is radically changing the market in every sector like business, consumer, government and emergency services.

The LBS has spread its wings in various sectors like mapping, navigation and transport, local search and information, social networking and entertainment, recreation and fitness and other B2B services. Location-based services can be characterised in multiple ways. The LBS sector associated with social media networking and entertainment is the leading sector in the LBS market. Navigation, mapping and transportation is the third-largest segment in the LBS market, both in terms of revenue and number of active users.

With the location-based services becoming popular with every passing day, many are seeing it as a slap on the face of our liberty. Though LBS technology is constantly enriching our mobile experiences, it is also raising concern for our privacy. For maintaining our privacy, the security system should be strong enough. If all the detailed personal data of a consumer is handed over to an unauthorized person, it can do more harm than good. In fact, in many cases, personal information stored by the LBS has been abused for business purposes to manipulate consumer preference and target marketing advertisements.

Location-based services are becoming omnipresent in our daily lives and the continuous advancements in technologies and mobile devices have been pushing the market towards growth. Though the market has taken a long time to materialize than as predicted years ago. But now, with the increasing awareness of the consumers the LBS market has gained popularity.

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What are the benefits of Global Online Clothing Rental Market?

Everybody wants to have a wardrobe full of unique items and can rarely control the incessant urge to continuously buy new clothes. This process can be expensive and time-consuming. It is more important to have a versatile wardrobe that showcases an individual’s personality, and in the process save both time and money. One such great alternative to our constant habit of buying whatever is on-trend is to rent out clothes and accessories.

The global online clothing rental market has been creating quite a buzz and has been estimated to expand profoundly in the foretasted period (2018-2023). Changes in the lifestyle and the increasing awareness of the consumers has majorly affected the market.

Not only to save the hassle of buying clothes to keep up with the current fashion trends, but also to save time on laundry and have a variety of clothes to choose from, today’s consumers are playing it smart. The women’s segment of the market has been seeing rapid growth in the rental clothing category. Since women are more fashion-conscious than men, they are more likely to rent clothes more often. In this case, the monthly subscription provided by certain clothing rental services are also making it easier on the pockets and boosting the rental market simultaneously.

The online clothing rental market not only saves money but also saves one from the unnecessary clutter caused by owning too many clothes. A consumer can wear more trendy clothes, refresh the styles for a new season and also try out new styles that they were previously sceptical to try, with the rental services coming into the scene.

The feeling of wearing the same clothes again and again on different occasions is embarrassing for some of us. Also, elaborate clothes are more expensive and worn rarely. So it is always a more affordable option to rent clothes for these situations. Not only does this save them money, but it also allows the consumer to have a different outfit for every occasion.

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What are the growth constraints in the China Digital Gaming Market?

The growing penetration of smartphones and the internet and the consistent technological improvements which enable easy access to entertainment at all times is boosting the mobile gaming segment. The growing youth and the government regulations are also supporting the growth in the global digital market.

China’s digital gaming market has been growing in leaps and bounds over the past few years. But the Chinese government has had a complicated relationship with digital games. There are certain factors that have contributed to the hindrance of growth in the digital gaming market in China.

Firstly, the PC-based and console-based platforms such as the PlayStation and Nintendo which currently dominate the gaming market are highly priced. The Chinese are unwilling as well as unable to afford such high priced games based on consoles.

The second barrier that the market has been facing is the high piracy rate, which allow the consumers to get the games for free or at a cheaper rate than the market. Because of the widespread piracy, big names such as Sony, Nintendo and Microsoft have limited presence in the Chinese gaming market.

There is also a third barrier in China’s digital gaming industry are the government regulations. The Chinese government had an official ban on the gaming consoles and a temporary freeze on the game licensing.  Gaming consoles were banned by the government due to the fear that the devices were having a negative effect on the mental and physical development if the children. This 15 year ban had been scraped off in 2015, but it did hamper the growth of the market to a great extent.

Also, the nine month gaming license freeze in 2018 set back the Chinese gaming market, providing the U.S. with the opportunity to overtake them as the largest gaming market in the world since 2015. Now the freeze has ended which has resulted in surge in gaming stocks.

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How is the Blockchain Investment and M&A Trend Analysis affecting the economy?

Blockchain has already entered into various industries globally, after powering the bullish rise of the cryptocurrencies. If Blockchain continues to rise, we can expect seismic shifts in the economy. Digital intensive organizations and various digital enterprises are keener to adopt Blockchain technology in the changing times of the economy. Blockchain technology might cause large scale disruption in the global economy, since it is all set to impact all the major business areas in the coming years.

The Blockchain Investment and M&A Trend Analysis report provides us with a valuable source of insightful data and an overview with growth analysis, revenue, demand and supply data & futuristic cost for business strategists. The global investors are eager to invest in financial services, supply chain management, cryptocurrency for monetizing early opportunities such as the increased focus on cryptocurrency and the ease of technology adoption. The M&A Analaysis report provides accurate analysis of the changing global competitive dynamics of the economy.

Blockchain technology has now started disrupting various other industries including healthcare, automotive, advertising and marketing, it and cybersecurity and human resources. If the business leaders and entrepreneurs make the right strategic plays, they can gain a lot over the next decade or more, as Blockchain technology is all set to disrupt global business models.

Blockchain technology is hacker-proof and is not just a buzzword behind Bitcoin. Now, it may as well be regarded as the forerunner on which the world economy can base its digital transformation.

With Blockchain technology the possibilities are endless. It is expected to disrupt a lot of industries in the future by eradicating middlemen, thereby allowing different players into the space. Blockchain technology is already being used by companies to increase transparency and reduce friction, and can be used by marketers to acquire more customers at a lower cost.

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Trends prevalent in the Medical Devices Market In India

Eventually, we could be looking at a healthcare field running on lots of data records and the smart medical devices used for running them, that could save doctors time when interpreting data. It will also speed sorting out of big units of records so that diagnostic conclusion derived is accurate and quick.  

It’s these capabilities that will help revolutionize healthcare enterprises. Systems running on AI/ML, deep learning can improve the speed and accuracy with which they process data streams, or based on certain critical patient conditions, learn from specific datasets on those patients, as compiled with each case.  

This will all be fused into a model that can train itself to spot warning signs, even alerting doctors about them so that the patient can receive help right away, even in advance if necessary.

New devices like these being introduced in the Medical Devices Market In India, manufacturers have to abide by regulations. For example, when importing medical devices of any kind, a license has to be procured first, permitting the manufacture and distribution of that device. If a manufacturer happens to be an international one, then they have to appoint an Indian authority for such holding licenses, and for carrying out all activities connected with surveillance of distribution, marketing is undertaken to get their products in the market.

All global manufacturers have to approach the Central Licensing Authority, and for certain in-vitro devices might even have to conduct a performance evaluation for them as well. The next step is the manufacturing quality check audit carried out by the authorities. Once approved, they have to adhere to all labeling requirements too.  

The reason for such a lengthy licensing/testing phase is because India is still dependent on imports, as domestic innovation, manufacturing is not at par with global standards and is limited to smaller items like gloves, foley catheters, stents, sutures, etc.

Our related post: What is the current scenario of the medical devices market in India? Inconsistent regulatory changes causing unrest in the Medical Devices Market in India