Automotive Engine Oil is a type of lubricant that is used in an internal combustion engine in order to effectively mitigate the wear and tear and reduce the friction produced by the moving parts, and to expel sludge. There are three types of engine oil.
According to the report, the Automotive Engine Oil Market is projected to increase at a CAGR of 5.39% over the forecast period.
The rising disposable income among the individuals in the low income and middle come economies
Rapid urbanization and industrialization have led to a surge in disposable income and thus, have led to a rise in the propensity of spending among the individuals. This factor, coupled with the desire to own a vehicle is allowing a majority of the users to purchase a vehicle. Therefore, this factor is causing the demand for engine oil bot by the automotive industry to propel and drive the market growth over the forecast period.
Petrol is an increasingly common and popular type so used fuel due to its properties
By engine type, the petrol engine is expected to hold a considerable market share over the forecast period. This is attributable to the fact that individuals prefer petrol cars more as they are lighter, leading to less burning if the engine oil, thus, there are lesser emissions produced. In addition, they are easier to drive than the diesel cars and have low maintenance.
Synthetic oil is gaining popularity and is estimated to show notable market growth
The engine in a vehicle requires the right blend or the correct type of engine oil in order to function properly and lubricate all the engine components properly so as to prevent damage, Therefore, as the synthetic engine oil has added substances to make their performance better, they are estimated to hoe notable market growth.
The Asia Pacific region holds a considerable share in the market and grows at a noteworthy pace, e over the forecast period
The well-established and flourishing automotive industry of the Asia Pacific region, in the countries such as India and China, which air attributable to the good manufacturing practices, cheap labour, and a rising number investments and initiatives by the government that are contributing to the development of the manufacturing sector. Hus, these factors are contributing to the market share the region holds and is pushing it to grow at a noteworthy pace over the forecast period
The major players covered as part of the report are Motul, Total, Petroliam Nasional Berhad (PETRONAS, Exxon Mobil Corporation, Valvoline, Repsol, Chevron Corporation, Calumet Branded Products, and ACDelco among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-automotive-engine-oil-market
This report has segmented the Automotive Engine Oil marketon the basis following terms.
- By Type
- Synthetic Oil
- Synthetic Blend Oil
- Conventional Oil
- By Engine Type
- By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- By Sales Channel
- By Geography
-
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
-
- Middle East and Africa
- Saudi Arabia
- Israel
- UAE
- Others
-
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others
Electric Vehicle Telematics – A Versatile Technology for Automobiles
BlogVehicle Telematics is defined as the tools and the technologies that are used to monitor a vehicle effectively. Telematics, in other terms, can be defined as the field, which deals with and consists of the combination of telecommunications, vehicular technologies that can include road transport, GPS navigation, safety features among others, and electrical engineering components such as sensors, instrumentation, and systems relating to wireless communication.
There are a variety of applications, which the field of telematics can cater to some of which are discussed below-
Vehicle Tracking – This technology is used to provide the location of the vehicle and its behavior, and is being used extensively by different fleet managers in order to effectively control and mage their fleets and is leading to increased adoption of the industry. This can be done by simply integrating a vehicle tracking and management software or tool, with a GPS system.
Emergency Warning Systems – There has been an increase in the number of road accidents and other factors such as strict regulations, which have led to the implementation of stringent standards in the automotive industry to make the vehicle safer for the driver as well as the occupants present inside, thus minimizing the chances of serious injuries. Emergency Warning systems use different sensors, which are able to alert the driver in case of any obstacles, and vehicles in front among other possible issues that pose a significant danger.
Electric Vehicle Telematics Market Trends
Product Launches, and Offerings by Industry Players in Electric Vehicle Telematics Market Landscape
Moreover, the industry players are increasingly participating in the market to advance and enhance the Electric Vehicle Telematics solutions in order to effectively manage and control the vehicle functions by integrating the latest driver safety and vehicle monitoring technologies and encouraging the use of such solutions. Thus, they are involved in product launches and offerings to accelerate the development of the automobile industry, thereby boosting their market position and contributing to increasing the Electric Vehicle Telematics market size.
Conclusion:
The use of advanced and enhanced automotive and vehicle monitoring solutions is gaining traction and popularity from the last few years owing to the vast number of benefits and other extended features these solutions are able to provide to the driver and the occupants. which is hardware and software-based telematics to hold a significant market share. The current market trends show that the usage of the solutions is going to increase with more new and enhanced features being included integrated into these systems such as NFC, 5G, among some other further technologies, which will not only make the vehicles safer but also improve the standing of electric vehicles in the automotive industry. There is a growing need for such solutions in order to minimize the number of accidents due to driver disturbance or other factors, and also increase the efficiency of the electric vehicles, which will play a major role in fuelling the market growth over the common g years and keep the market competitive over the forecast period.
Expansion of Global Automotive Armrest Market reported from US$10.284 billion in 2019 to US$11.143 billion by 2025
Press ReleasesAutomotive armrests are particularly utilized in most modern and comfortable cars and its major function lies in providing passengers a place to rest their arms. Additionally, armrests can be found equipped along with other car accessories like a cup holder and storage compartments.
According to the report, the Global Automotive Armrest Market is projected to increase at a CAGR of 1.35% over the forecast period 2019-2025.
The growing preference for additional comfort features in vehicles is driving the market growth during the forecast period
The major function of an armrest in providing comfort to the passengers is driving the market growth in the forecast period. This further contributes to providing a convenient driving experience for a driver, burgeoning the market demand in the forecast period. Armrests are mostly found in MPVs and SUVs and are located either in the front or in the rear of the vehicle, or sometimes are attached to both ends. In the economy cars, people prefer to install armrests in their vehicles, hence prefer purchasing it via aftermarket sales channel. Also, armrests present in the front of the vehicle contains storage space and this is useful for storing important vehicle documents or personal belongings, further providing an impetus in fueling the market demand during the course of the forecast period. Additionally, armrests coupled with cup holders and air conditioning vents will further increase passenger comfort, fueling the market growth in the forecast period. The growing global disposable income and the increasing purchasing power of the consumers are contributing to driving the market demand in the forecast period.
On the basis of geography, North America and the European regions are projected to hold a significant market share followed by the Asia Pacific region which is estimated to show high growth prospects in the forecast period
North America and Europe are estimated to hold a significant market share owing to the adoption of advanced seating systems in many vehicles in the region. Initiatives regarding the adoption of advanced composite materials for automotive interior and exterior systems are further fueling the market growth in the forecast period. This will further contribute to reductions in weight and costs, resulting in promoting vehicle safety. In the Asia Pacific region, the increasing production and purchase of the passenger vehicles with high passenger vehicle demand will contribute to surge the sales of armrests due to the rising preference for additional comfort features. The rising disposable income of the consumers and their willingness to spend on premium car interiors is further driving the market demand in the forecast period. However, due to the COVID-19 pandemic scenario, there is a decline in the market growth in 2020 owing to the national lockdown in many countries of the world leading to the shut down of manufacturing units.
The major players covered as part of the report are GRAMMER AG, BOS Group, and Adient plc among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-automotive-armrest-market
This report has segmented the global automotive armrest market on the basis following terms
Global Automotive Intercooler Market estimated to grow at a CAGR 8.77% to reach US$13.212 billion by 2025, from US$21.878 billion in 2019
Press ReleasesAutomotive intercooler is a type of a heat exchanger which is used with turbocharged and supercharged engines. It reduces the air temperature and increases the engine’s output and performance. As such, automotive intercoolers help in emission control while meeting the fuel economy standards.
According to the report, the Global Automotive Intercooler Market is projected to increase at a CAGR of 8.77% over the forecast period 2019-2025.
Strict fuel emission standards
Increasing disposable incomes is leading to a rise in the people’s propensity to spend on vehicles. With strict regulations and standards being imposed by governments and global organizations, the demand for automotive intercoolers in increasing significantly. Countries and/or regions are setting some ambitious targets to reduce the CO2 emissions during a certain period. For example, in April 2019, the European Parliament and the European Council agreed on the reduction of the average CO2 emissions from new passenger cars by -15 per cent in 2025 and by -37.5 per cent in 2030 in order to achieve the international objectives of the Paris Agreement. Moreover, a rising number of people are upgrading their cars with superchargers or turbocharges which is also fuelling the global market growth of automotive intercoolers. Increasing investments by market players will further continue to bolster the overall market growth of automotive intercooler globally throughout the forecast period.
Asia Pacific (APAC) accounts for a substantial share in the global automotive intercooler market
Geographically, the global automotive intercooler market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America automotive intercooler market hold a considerable market share owing to the stringent vehicle emission standards in countries like the U.S. and Canada. Supportive government policies and initiatives by governments in the North American countries in order to boost the domestic automobile manufacturing will further continue to propel the market growth of automotive intercooler in this region during the next five years. For example, the replacement of NAFTA (North American Free Trade Agreement) by USMCA (United States-Mexico-Canada Agreement) is going to increase the domestic manufacturing of automobiles in the U.S. Asia Pacific also holds the significant market share and is projected to grow at a decent CAGR during the forecast period. The growth of this regional market is attributed to growing automotive industry in the region with elevated demand for passenger vehicles worldwide. Expansion of automotive industry in South-East Asian countries will also support the growing demand for automotive intercoolers in the region, thus positively impacting the overall APAC automotive intercooler market during the projected period.
The major players covered as part of the report are Bell Intercoolers, REX Heat Exchanger India Pvt. Ltd., PWR Holdings Limited, NRF, Mishimoto Automotive, Kale Oto Radyatör, FORGE MOTORSPORT, Nissens, and GARRETT MOTION INC.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-automotive-intercooler-market
This report has segmented the Global Automotive Intercooler market on the basis following terms:
Application Performance Management – An Essential Tool?
BlogApplication Performance Management is a method or procedure that is used for monitoring and managing the performance and the availability of software applications effectively. It is able to detect and diagnose the different and complex problems that are encountered in the performance during the operation of applications in order to maintain an expected level of service. AS the applications are becoming difficult to manage due to the movement towards highly distribute, multi-tier and multi-element constructs are relying on application development frameworks such as .NET or Java. The APM framework has been designed and developed in order to understand the APM Model completely and effectively. The basic dimensions that form a part of this model are End-user experience, which is a primary rea, The Runtime Application architecture, which is referred to as the secondary area, Business transaction, which is a primary area, Deep dive component monitoring, which is a secondary component and the final area is the Analytics/reporting which is a primary component.
There are some of the challenges that are faced while the deployment and the implementation of the Application Performance Management which are, the difficulty to instrument an application in order to facilitate the monitoring application performance, especially among the components of the application. The other one is the possibility of virtualizing the applications, which can increase the variability of the measurements. However, these challenges can be tackled by taking significant measures. The first challenge can be solved by making use of the ASM (application service managemtns0as it is able to provide an application-centric approach, where new the key objectives are business service performance visibility. The second aspect is among one of the major problems, as this aspect is present in the distributed, virtual, and cloud-based applications as these elements and components are no longer hosted on a single machine.
Application Performance Management Market Trends
Product Launches, and Offerings by Industry Players in Application Performance Management Market Landscape
Moreover, the industry players are increasingly participating in the market to advance and enhance the application performance management solutions in order to effectively manage and make use of the data that is purchased from end-user industries, by integrating the latest data analysis and management technologies and encouraging the use of such solutions. Thus, they are involved in product launches and offerings to accelerate the development of the end-user industries, thereby boosting their market position and contributing to increasing the Application Performance Managementmarket size.
Conclusion:
The market scenario presently is bolstering the use and adoption of application performance solutions for carrying out monitoring and analysis of different types of data that is being generated, and which are given utmost importance in the end-user industries and are in turn contributing to the market share it olds. The major use of this tool is owed to the burgeoning demand from the benefits the end-user companies and industries reap, by making use of big data analytics. In addition, the current market trends, are putting a lot of importance the effective management of the large amounts of data being generated in the healthcare industry to maintain the patients records carefully and efficiently, which is going to propel the growth of this industry in the years to come.
Furthermore, the new technologies such as 5G and its integration with this tool or for instance usage of cloud computing with this tool, increases the capabilities it holds and diversifies the various possibilities and applications it can be used for herby, allowing the market to bloom over the next five years. Thus, it will also provide an opportunity to the market player to strengthen their market position and cater to the demand globally. These factors will also play a major role in attracting different new players with improved solutions and contribute to the market positively, adding to its promising growth.
Automotive Engine Oil Market estimated to reach a value of US$12.866 billion by 2025 from US$9.391 billion in 2019
Press ReleasesAutomotive Engine Oil is a type of lubricant that is used in an internal combustion engine in order to effectively mitigate the wear and tear and reduce the friction produced by the moving parts, and to expel sludge. There are three types of engine oil.
According to the report, the Automotive Engine Oil Market is projected to increase at a CAGR of 5.39% over the forecast period.
The rising disposable income among the individuals in the low income and middle come economies
Rapid urbanization and industrialization have led to a surge in disposable income and thus, have led to a rise in the propensity of spending among the individuals. This factor, coupled with the desire to own a vehicle is allowing a majority of the users to purchase a vehicle. Therefore, this factor is causing the demand for engine oil bot by the automotive industry to propel and drive the market growth over the forecast period.
Petrol is an increasingly common and popular type so used fuel due to its properties
By engine type, the petrol engine is expected to hold a considerable market share over the forecast period. This is attributable to the fact that individuals prefer petrol cars more as they are lighter, leading to less burning if the engine oil, thus, there are lesser emissions produced. In addition, they are easier to drive than the diesel cars and have low maintenance.
Synthetic oil is gaining popularity and is estimated to show notable market growth
The engine in a vehicle requires the right blend or the correct type of engine oil in order to function properly and lubricate all the engine components properly so as to prevent damage, Therefore, as the synthetic engine oil has added substances to make their performance better, they are estimated to hoe notable market growth.
The Asia Pacific region holds a considerable share in the market and grows at a noteworthy pace, e over the forecast period
The well-established and flourishing automotive industry of the Asia Pacific region, in the countries such as India and China, which air attributable to the good manufacturing practices, cheap labour, and a rising number investments and initiatives by the government that are contributing to the development of the manufacturing sector. Hus, these factors are contributing to the market share the region holds and is pushing it to grow at a noteworthy pace over the forecast period
The major players covered as part of the report are Motul, Total, Petroliam Nasional Berhad (PETRONAS, Exxon Mobil Corporation, Valvoline, Repsol, Chevron Corporation, Calumet Branded Products, and ACDelco among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-automotive-engine-oil-market
This report has segmented the Automotive Engine Oil marketon the basis following terms.
Pet Grooming Market estimated to grow at a CAGR 4.76% to reach US$22.589 billion by 2025, from US$17.092 billion in 2019
Press ReleasesPet Grooming refers to the cleaning of a pet while enhancing its physical appearance. Pet grooming services include pet washing, teeth cleaning, flea treatment, dipping and trimming, nail cutting, and coat conditioning for pets, especially dogs and cats. Pet grooming products include brushes and combs, dippers and scissors, and shampoo and conditioners.
According to the report, the Pet Grooming Market is projected to increase at a CAGR of 4.76% over the forecast period 2019-2025.
Rising number of people owning pets supported by increasing adoption of pet humanization concept
The market for pet grooming products is rising owing to the increasing adoption of pet humanization concepts, along with other factors such as the adoption of shelter pets and augmenting demand for mobile pet grooming services. The Increasing number of people are owning pets, especially cats and dogs. With increasing purchasing power, people are spending a huge amount on pet grooming services, thereby driving the market growth of pet grooming. Furthermore, people are using many pet grooming products at home such as pet shampoo and conditioners, nail cutters, and brushes, and combs made especially for their pets. This is also bolstering the pet grooming market worldwide. People are also enrolling their pets in pet grooming shows such as Atlanta Pet Fair and Groom Expo which is further spurring the demand for pet grooming products. With escalating demand for pet grooming products, market players are launching various innovative pet grooming products in order to expand their customer base, thus positively impacting the pet grooming market. The Rising popularity of online pet grooming products is also a leading factor for the expansion of the market. The Increasing number of pet grooming service providers is also fuelling the demand for pet grooming products, which in turn, is driving the pet grooming market growth.
North America is the largest regional pet grooming market
Geographically, the North American region accounted for the major market share in 2019 and will continue its dominance till the end of the forecast period. This dominance is majorly attributed to the booming number of pet owners in countries like the United States and Canada. According to the American Pet Products Association, almost 85 million households have a pet while the pet ownership has surged from 30 per cent to 68 per cent of all households over the last 30 years. Asia Pacific (APAC) pet grooming market will witness a substantial CAGR during the forecast period owing to the rising awareness regarding pet grooming in countries like China, India, and South Korea. Increasing purchase of pet grooming products via the availability of online channels at a discounted rate in APAC countries will further continue to propel the market growth of pet grooming in APAC during the next five years.
The major players covered as part of the report are Hartz,Davis Manufacturing Veterinary Products, Espree, Smartypet Pet Products, Black Sheep Organics, Doskocil Manufacturing Company, Inc. dba Petmate, LYNN PROFESSIONAL, Beaphar, Anemology, and Christies Direct Ltd (DeZynaDog).
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-pet-grooming-market
This report has segmented the Global Pet Grooming market on the basis following terms
By Product
By Distribution Channel
By Geography
Halal Food Market estimated to grow at a CAGR 5.94% to reach US$2,047.163 billion by 2025, from US$1,448.094 billion in 2019
Press ReleasesHalal Food is the food that is deemed to be permissible for consumption within the Muslim communities and countries. Halal food is prepared according to Islamic law, which has been defined in the Quran. Halal law is applied to the Food and Beverage sector.
According to the report, the Halal Food Market is projected to increase at a CAGR of 5.94% over the forecast period 2019-2025.
Strict Measures for labeling the different food and beverages
There are strict measures in place for the labeling of the food products that have been prepared to adhere to the Halal law, to be labeled as ‘’HALAL” clearly so that the consumers can be made aware, is making the manufacturers aware of using the proper labels in order to cater to the demand of Halal food and Beverages effectively.
Increasing participation of the market players in catering to the demand for Halal foods in order to solidify their market position and propel the market growth
There are different market players that are taking steps in order to solidify their position in the market to increase their market share and boost the overall market growth. For example, M&S Food technologists and the product development team are launching their range of Halal based product in a partnership with HFA, Morrison’s is launching a Halal based Ramadan’s essential box in the UK, among others.
Online sales gaining traction among the individuals
By distribution channel, the online channel is estimated to witness significant growth over the forecast period. This is attributable to the fact that, the trend of purchasing foot items and beverages online such as meat products, confectionery products among others in gaming traction rapidly among the younger and middle-aged population and is being facilitated by the surging popularity of e-retail and e-commerce channels. This is due to the fact that they are able to provide lucrative discounts, save time, and provide convenience from ordering from the comfort of individuals’ homes.
Rising Consumption of Halal Meat in the Countries of the Middle East
Geographically, Middle Eastern and African region is expected to hold a substantial amount of share, on account of the rising number of individuals demanding Halal products. In addition, the surging consumption of meat in the Gulf counties by the Muslim individuals, which is majorly attributable to the rising disposable incomes that are leading to more sending power among the low-income and middle-income individuals, is also is causing the demand of Halal meat product to surge and contributing to the market share of this region.
The major players covered as part of the report areCargill, Incorporated, Al Islami Foods, QL Resources Sdn Bhd, Unilever, Nestlé, Danisco, Halal Fine Foods, and American Foods Group, LLC among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-halal-food-market
This report has segmented the Halal Food market on the basis following terms
Heat Pumps Market estimated to grow at a CAGR 6.04% to reach US$70.319 billion by 2025, from US$49.463 billion in 2019
Press ReleasesKnowledge Sourcing Intelligence announces the publication of a new report on “Heat Pumps Market – Forecasts from 2020 to 2025" to their offering.
A heat pump is a device that helps to transfer heat from colder places to hot places with the help of mechanical energy. The rapid industrialization and urbanization, especially in developing economies is one of the key factors driving the market growth during the next five years.
According to the report, the heat pumps market is projected to increase at a CAGR of 6.04% over the forecast period 2019-2025.
Growth in the number of industries along with rapid urbanization is significantly driving the demand
The market for heat pumps is significantly being driven by the growth in the number of industries in the major developing economies of the world. The booming investments by companies in the developing economies of the world due to cheap labor rates and availability of numerous beneficial resources is significantly driving the demand for heat pumps across these industries and adding up to the market growth during the next five years. Also, the wide adoption of these pumps in the regions with extremely lower temperatures is one of the major driving factors for augmenting the demand for. Furthermore, the growing urban population in numerous countries throughout the world is further leading to the growth in the residential construction which is also one of the prime factors bolstering the demand for heat pumps. For instance, the urban population in China reached 59.15% by 2018 from 46.54% in 2008. Also, the residential construction is on the verge of expansion as the government initiatives towards the development of the residential sector is leading to the construction and development of new housing units. For instance, the Chinese government invested around US$255 billion for the redevelopment project of Shantytown in 2018 and constructed around 6 million housing units.
Asia Pacific to hold a significant share
Geographically, the Asia Pacific region is anticipated to hold a notable market share owing to the presence of considerably large industries in countries like India, China, and Vietnam among others. Furthermore, the rapid growth in the urban population in the various developing countries of this region further support the market growth significantly. Also, the rapid growth of industries in the APAC region is also one of the key factors which is projected to supplement the notable share of the region throughout the forecast period.
The major players covered as part of the report are Bosch, Panasonic, Carrier Corporation, Toshiba, Johnson Controls (York), and Electrolux among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/heat-pumps-market
This report has segmented the global remote access software marketon the basis following terms:
Segmentation:
Global Remote Access Software Market estimated to grow at a CAGR 15.71% to reach US$3.829 billion by 2025, from US$1.596 billion in 2019
Press ReleasesA global remote access software is a type of software that enables the user to access and connect to a remotely available server, network, or a computer. This software helps the users to connect various systems or network nodes working on different networks and different geographical locations.
According to the report, the Global Remote Access Software Market is projected to increase at a CAGR of 15.71% over the forecast period.
Booming trend of Bring Your Own Device (BYOD) significantly adds up to the market growth
The growing bring your own device trend is expected to one of the key driving factors for the adoption of remote access software across the various end-user industries. The burgeoning needs for quicker excess to the information and time saving is leading to the inclination of the organizations for the adoption of BYOD as the growth in the workforce further adds up to the operating costs of the company due to increased equipment and maintenance costs. Thus, the BYOD trend is leading to the increased demand for this software as the companies further require to access the information on these devices which may be present at different geographic locations from one of their headquarters centralized location only. Also, the rising globalization across the various industries is also anticipated to bolster the market growth throughout the forecast period.
North American region is anticipated to hold a considerable market share
Geographically, the North American region is expected to hold a significant market share over the forecast period. The major factors that support the notable share of this region include the early adoption of technology and the presence of a well-established infrastructure. Furthermore, the presence of key market players in the region also supplements the growth over the next five years. Also, the presence of well-established industries mainly government, retail, and healthcare among others further supports the growth of the remote access software market throughout the forecast period. The Asia Pacific region is projected to show decent growth during the next five years owing to the rising internet penetration. Furthermore, the rapid industrialization in the major developing economies such as India, China, and Vietnam among others is also anticipated to propel the opportunities for the market to grow during the next five years.
The major players covered as part of the report are AnyDesk Software GmbH, LogMeIn, Inc., TeamViewer, Splashtop Inc., BeyondTrust Corporation, and Zoho Corporation among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-remote-access-software-market
This report has segmented the global remote access software market on the basis following terms
Data Brokers – Friend or Foe
BlogData Brokers are referred to as information brokers, data providers, and data suppliers as well. Their main objective is to collect the different types of data that are generated in the different types of end-user industries or buy the data that is stored with the other end-user industries and scour the internet for information about the different users that are connected to the database of the different end-user industries. The sources from which the data brokers collect the data that includes online and offline sources about the users include social media sites, web history, the purchases made using offline and online channels and their warranty information, the information regarding credit cards and other important data such as the government records, which can include, driver’s licenses, census data among others.
The data that is collected by the data brokers are then sold to other companies and used for some other purposes. These include targeting the user with ads based on their search history, or offer them safety solutions, but that depends on the type of data broker company that has collected and then sold the information. The different types of data brokers include-
Data Broker Market Trends
The market has been segmented on the basis of data type, end-user industry, and geography and some of the market players operating in the different regions, and globally are Acxiom, ID Analytics, LLC, Oracle Corporation, CoreLogic, among others.
Product Launches, and Offerings by Industry Players in Data Broker Market Landscape
Moreover, the industry players are increasingly participating in the market to advance and enhance the data brokerage solutions I order to effectively manage and make use of the data that is purchased from end-user industries, by integrating the latest data analysis and management technologies and encouraging the use of such. Thus, they are involved in product launches and offerings to accelerate the development of the ICT sector, thereby boosting their market position and contributing to increasing the data broker market size.
Conclusion:
Currently, a data brokerage solution for us of management of customer data is expected to hold a significant share in this market and is anticipated to witness a fast growth rate in the upcoming years due to the burgeoning demand from the BFSI industry as well as the Telecommunication Industry. With respect to current market trends, it is anticipated that the integration of advanced technologies such Ai and the application of 5G networks and better cloud storage and cloud computing features will allow data brokers companies to flourish even more in the upcoming years with demand being generated from the retail sector and the educational sector. There is a growing need for an enhanced solution in order to provide the consumer and business solutions from different threats and breaches to their privacy. This is one of the major factors, which will continue to play a role in driving this market. In addition, it will attract many new entrants who will bring new and better changes and enhancement in data brokerage solutions. Thus, the market will remain competitive in the upcoming years and it is projected to show modest growth in the upcoming years.