Wired Telecommunication Companies To Upgrade Services

The global wired telecommunications carriers market, one of the segments in the telecom industry, declined at a compound annual growth rate (CAGR) of around 2% during the historic period. The is mainly due to a shift to wireless and mobile technologies and need for capital investments in the wired telecommunications carriers industry.



In the forecast period, the wired telecommunications carriers market size is expected to be over $300 billion by 2021, declining at a CAGR of nearly 0.10%. The growth rate increased in the forecast period when compared to the historic period. This is mainly attributed to several factors which include economic growth in emerging economies, increasing investments in smart cities and government initiatives in the telecom industry.

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Companies in the wired telecommunications carriers industry are shifting towards refining their services by improving broadband networks, enhancing bandwidth time and upgrading from copper wires to fiber optics. They are focused on promoting high-speed broadband services to deal with the competitiveness in the market. The wired telecommunications industry is developing growing businesses such as Internet Protocol Television (IPTV), IT Services and Applications and IDC wireline. IPTV is a system through which television services are delivered using the Internet protocol suite over LAN or the Internet.

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Marijuana Cigarettes!

Historically, the global tobacco industry growth was at a compound annual growth rate (CAGR) of more than 1.5%. The slight growth can be attributed to stringent regulations on tobacco products, increasing health consciousness among customers and increase in the taxes levied by many state and national governments. This market was mainly driven by rising disposable income in Asian and African countries.



According to TBRC’s global tobacco industry statistics, the global tobacco market is expected to grow to above $600 billion in 2021 at a CAGR of slightly above 2%. Despite rising health concerns and regulatory changes, the tobacco market is predicted to slightly grow in the forecast period; this can be attributed to the expected increase in demand for tobacco products due to rise in youth population, and increasing disposable income in Asian and African countries due to economic growth.

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Cigarette manufacturers are capitalizing on marijuana legalization in some countries and are offering marijuana or cannabis cigarettes. These cigarettes contain marijuana, a drug used for medicinal and recreational purposes, and are popular among youth. Marijuana cigarettes are commercially available in the U.S., Switzerland and other countries in Europe. In 2016, Philip Morris introduced Marlboro M marijuana cigarettes. Toast, a Colorado-based company, is offering marijuana cigarettes in the U.S. Marijuana cigarettes under the brand Heimat are available in Coop supermarket chains across Switzerland.

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Software Artificial Intelligence (AI) And Automation

According to TBRC’s software and BPO services market statistics, the global software and BPO services market size is expected to grow to above $1200 billion in 2021 at a compound annual growth rate (CAGR) of more than 9.5%.



One of the drivers of the market is the emergence of Internet of Things (IoT). IoT is a network of physical objects such as devices, vehicles, buildings and other items which are embedded with electronics, software, sensors and network connectivity enable these objects to collect and exchange data.  For instance, Microsoft and Rolls-Royce have announced a partnership centering on future Rolls-Royce intelligent engines, which will integrate Microsoft Suite into its service solutions to expand its digital capabilities. Smart Grid encompasses inter related technologies entering public use to manage electricity consumption. Thus, IoT technology adoption is expected to expand the demand for software services.

However, a restraint on the market in the forecast period could be the increase in interest rates. Interest rates are expected to increase in developed nations, particularly the US and Europe, between 2016 and 2018.This will decrease the flow of cheap money which has been available for investment in 2016-2018, making it harder and more expensive for companies in capital-intensive industries such as the software industry to raise funds for research and development and market expansion, thus interest rates increase had a negative impact on this market.

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Software Market Trends:

There has been exponential growth in the use of AI technology by companies operating in the automobile, e-commerce and manufacturing industries. Since AI can detect human motions it is being used to detect customer satisfaction levels and for voice and face recognition. Many major companies such as Facebook, Google and Airbnb are also open sourcing AI libraries to startups, indicating democratization of AI solutions. For example, leading software companies such as Cap Gemini, IBM, Accenture and TCS are offering AI services to optimize resources and reduce operational expenditures.

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Digital Printing To Furnish Homes!

The global home furnishings and floor coverings market, one of the segments in the textile manufacturing industry, grew at a compound annual growth rate (CAGR) of around 6% during the historic period. The growth is mainly due to increasing demand in end user industries such as residential construction and infrastructure, and rapid globalization.



In the forecast period, the global home furnishing and floor coverings market size is expected to be over $260 billion by 2021, growing at a CAGR of nearly 7%. The growth in the forecast period is mainly due to increasing investments in residential construction in emerging economies such as China and India and rising awareness for interior designing techniques.

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Companies in the home furnishings and floor covering market are adopting digital printing technology to reduce operational expenditures. The technology lowers sampling process time, water consumption and increases product offerings. These techniques are considered to be an eco-friendly alternative to traditional home furnishings and floor coverings. Some of the companies offering digital printing technologies include Epson, Bordeaux Digital PrintInk and Fratelli Robustelli S.r.l.

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Functional Drinks For Hydration And Nutritional Benefits

The global food and beverages market, a part of the food and beverages industry, grew at a compound annual growth rate (CAGR) of around 3% during the historic period. The food and beverages industry showed a steady growth. The growth is mainly due to increasing population, strong economic growth and rising disposable income in many emerging countries in Asia and Africa, rapid urbanization, and shifting consumer preferences in both developed and developing countries.



In the forecast period, the global food and beverages market size is expected to be over $6 trillion by 2021, growing at a CAGR of nearly 5%. This is expected due to the expected increase in demand for food and beverages due to rapid urbanization, positive economic growth outlook in many developed and developing countries, rising disposable income and changing lifestyles of consumers leading to a high demand for convenience foods. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global food and beverages market in the future.

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There has been an increased demand for functional beverages with many individuals seeking drinks to stay hydrated and to maintain nutritional balance. To capitalize on this segment companies are introducing fortified beverages such as functional juices, functional water with health benefits such as water balance, weight management and improved digestion.
Major companies in the food and beverages market, offering functional drinks include Middle East & Africa, America, Asia, Europe, Oceania.

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Consumers Prefer Smart TVs

The global electronic products manufacturing market, one of the segments in the electrical and electronics industry, grew at a compound annual growth rate (CAGR) of around 4.3% during the historic period. This mainly due to rise in disposable income and higher standards of living.



In the forecast period, the electronic products manufacturing market size is expected to be over $954.9 billion by 2021, declining at a CAGR of nearly 4%. The growth rate in the forecast period is lower when compared to the historic period. This can be attributed to several factors which include high degree of price competition and interest rate increase.

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The demand for smart TVs is being driven by the rising consumer preference for built-in smart functions in personal devices, and increasing internet penetration. A smart TV combines the features of televisions and computers, and comprises a television set with integrated functions for internet use. Smart TV users are also offered direct access to streaming services such as Netflix and Amazon Prime Instant Video. To capitalize on this trend, television manufacturers across the world are entering the smart TV market

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Rapid Urbanization Boosting Social Services Market As Per TBRC’s Latest report

The global social services market, during the historic period grew at a compound annual growth rate (CAGR) of around 6%. This can be attributed to increasing demand for child care and educational services in both developed and developing countries, rapid urbanization, growing children population, new government initiatives, rising per capita income in emerging economies, globalization of educational services and increasing demand for educated workforce in emerging countries



For the forecasted period, the social services market size is expected to be over $4200 billion by 2021, growing at a CAGR of nearly 7%. This market is expected to grow at high growth rate in the forecast period due to increasing government funding for developing nations, increasing number of women employees, utilization of technologies in child day care centers and increasing applications of digital learning platforms are expected to boost the market during the forecast period.

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Child day care centers are leveraging technologies to allow parents stay connected with their children when they are away for work. Many daycare centers are using apps to provide video streaming of classroom activities and send pictures of kids to parents. This technology enables parents to monitor their child activities at the care center by accessing videos and pictures.

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New Investments Working As A Big Relief For Oil And Gas Supporting Activities

The global oil and gas supporting activities market, one of the segments of oil and gas industry. During the historic period it fell at a compound annual growth rate (CAGR) of around negative 11%. This was mainly due to the fall in the global crude oil and natural gas price which directly affects the oil and gas supporting activities market.



For the forecasted period, the oil and gas supporting activities market size is expected to be over $240 billion by 2021, growing at a CAGR of positive 6%. The growth rate for forecasted period is much higher when compared to the historic period. the market is expected to grow mainly due to increased demand for supporting services by oil and gas manufactures in the world as the oil price stabilizes and new investment increases rapidly.

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Companies involved in providing support activities for oil and gas operations are offering self-assembling rigs to reduce operating costs and save time. Self-assembling rigs are automated rigs that can walk at up to 30 feet per hour, rotate 360 degrees, and can be operated with a remote control. The oil and gas supporting activities market includes Drilling Oil and Gas Wells, and Crude Oil & Natural Gas.

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Chartered Air Transportation Shifting Towards Online Ticketing Platforms As Per Tbrc’s Latest Report

The global chartered air transportation market, one of the segments of transportation services industry. During the historic period it grew at a compound annual growth rate (CAGR) of around 3.5%. This can be attributed to high demand for long-haul international services, development of air transport in developing countries and increased per capita income in emerging economies such as China, India, the Philippines, Indonesia, Malaysia, Brazil, and South Africa has contributed towards the growth of transportation services market during the historic period.



For the forecasted period, the market size is expected to be over $7000 billion by 2021, growing at a CAGR of nearly 5%. The growth rate for forecasted period is higher when compared to the historic period. This is attributed due to increasing investments in transportation networks in remote areas and increasing connectivity in emerging economies such as India, China, and Brazil, increasing government investments, low oil prices and increasing adoption of big data analytics to analyze consumer behavior is expected to drive the market in the forecast period.

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Online ticketing platforms has entered the chartered air transportation industry to reach the customers globally. Though these online ticketing platforms, customers can book a charter plane according to their convenience. These services are widely available in tier-1 cities and as establishing in tier-2 cities too. BookMyCharters, flyvictor, stratajet are some of the online chartered flight booking websites.

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Innovative Technologies For Remote Surveying And Geological Mapping In Quarries

The global stone mining and quarrying market, a part of the mining industry, grew at a compound annual growth rate (CAGR) of around 3% during the historic period. The mining industry showed a steady growth. The growth is mainly due to the increase in demand for precious stones such a marble, granite, and limestone.




In the forecast period, the global stone mining and quarrying market size is expected to be over $120 billion by 2021, growing at a CAGR of nearly 4%. This is expected due to advancements in the mining industry such as power lasers increasing the productivity, and continued demand from the construction market, thereby driving the market. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global stone mining and quarrying market in the future.

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Remote surveying and geological mapping for mines and quarries is increasingly being done using LIDAR and UAV as it offers fast, accurate data to plan mining processes. LIDAR, which stands for light detection and ranging, is a remote sensing method that uses light in the form of a pulsed laser to measure ranges (variable distances). LIDAR is used for surveying the mining area and helps in determining ore body, mining pit volume, and pre-strip and spoil surface volumes.

Major companies in the stone mining and quarrying market, offering LIDAR technology include Vulcan Materials Company, Martin Marietta Aggregates, Cemex S.A.B. de C.V., Adelaide Brighton Ltd., Rogers Group, Inc., Carmeuse Lime & Stone, Graphit Kropfmühl AG, Minerals Technologies Inc., United States Lime & Minerals, Inc.

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Shortage Of Skilled Manpower Soon To Affect Physicians And Other Health Practitioners Global Market

The global physicians and other health practitioners’ market, one of the segments of healthcare services industry. During the historic period it grew at a compound annual growth rate (CAGR) of around 4%. This was mainly due to the increased healthcare spending and economic growth.



For the forecasted period, the physicians and other health practitioners’ market size is expected to be over $1800 billion by 2021, growing at a CAGR of nearly 5%. The growth rate for forecasted period is higher when compared to the historic period. This is mainly attributed to the increase in healthcare access and economic growth

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Budget limitations are a key constraint on the healthcare industry. Individuals, governments and insurers are struggling to meet the increasing prices, including new premium priced drugs, expensive diagnostic techniques, increased surgery costs and physician consultation fees. This has resulted in increasingly stringent controls from insurance payers and health regulators over which services and products can be purchased. This acts as a restraint on the growth of the all segments of healthcare market including that of physicians and other health practitioners.

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High Investment Cost Restraining Growth at Medical And Diagnostic Laboratory Services

The global medical and diagnostic laboratory services market, one of the segments of healthcare services industry. During the historic period it grew at a compound annual growth rate (CAGR) of around 6.5%. This was mainly due to the increasing aging population and healthcare reforms.



For the forecasted period, the medical and diagnostic laboratory services market size is expected to be around $250 billion by 2021, growing at a CAGR of nearly 5%. The growth rate for forecasted period is lower when compared to the historic period. This is mainly attributed high investment cost and increased interest rates of loan.

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Rising operating and investment cost of medical and diagnostic laboratories is expected to be the biggest restraint for the market in the forecast period. Pressure to contain costs and demonstrate value is widespread. Political uncertainty and persistent economic stress in numerous countries are calling into question the sustainability of public health care funding. Also, the high cost of targeted therapies, personalized medicine, genetic-based medicine, medical devices, and other advances continues to add to the laboratory testing and diagnostic imaging services cost burden. For instance, genetic tests for breast cancer screening can cost up to $4,000.

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Companies Investing In Smart Switch To Save Electricity

The global electrical equipment manufacturing market, one of the segments in the electrical and electronics manufacturing industry, grew at a compound annual growth rate (CAGR) of around 4.6% during the historic period. This mainly due to rise in disposable income which in turn increased demand for household appliances.



In the forecast period, the electrical equipment manufacturing market size is expected to be over $1746.4 billion by 2021, growing at a CAGR of nearly 4.9%. The growth rate is higher in the forecast period when compared to the historic period. This is mainly attributed to several factors which include economic growth in emerging economies and government initiatives in the electrical equipment industry.

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Smart switches are being widely used in residential, construction and institutional applications to minimize electricity consumption and automate electrical circuits and appliances. Smart switches can be used to control and monitor electrical appliances using a smartphone from remote locations. They are easy to install and can be connected to the existing Wi-Fi network.

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Approval Of New Drugs For Treatment Of Chronic Heart Failure

The global cardiovascular drugs market, a part of the healthcare industry, declined at a compound annual growth rate (CAGR) of around -0.1% during the historic period. The healthcare industry showed a decline. The decline in the market is due to patent expiries of a major brands of cardiovascular drugs such as Lipitor, Plavi and others. Loss of patency has increased the market scope for generic versions of the drug with a huge difference in the prices.



In the forecast period, the global cardiovascular drugs market size is expected to be over $65 billion by 2021, growing at a CAGR of nearly 2%. This is expected due to the increase in aging population, increase in the prevalence of cardiovascular diseases and availability of more generic drugs that reduce the cost of treatment. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global cardiovascular drugs market in the future.

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The Food and Drug Administration (FDA) in the USA has approved new drugs for treatment of chronic heart failure. Chronic heart failure is a cardiovascular disorder caused by an inadequate cardiac output (ability of the heart to pump blood)

Major companies in the cardiovascular drugs market, offering FDA technology include Merck & Co., Sanofi S.A., Pfizer Inc., Bristol-Myers Squibb Company, Novartis AG, Eli Lilly And Company, Johnson & Johnson, AstraZeneca Plc., Abbott Laboratories Inc., Bayer AG.

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Virtual Reality (VR) And Augmented Reality (AR) In Amusement Parks

The global amusements market, a part of the recreation industry, grew at a compound annual growth rate (CAGR) of around 6% during the historic period. The recreation industry showed a steady growth. The growth is mainly due to increasing influx of tourists from countries such as China and India and other developing countries aided by rising disposable income and government initiatives to promote tourism in many countries.


In the forecast period, the global amusements market size is expected to be over $300 billion by 2021, growing at a CAGR of nearly 6.5%. This market is expected to register high growth and this can be attributed to technological advancements, growing popularity of fitness centers, introduction of virtual theme parks and development of a 360-degree technology to offer people a real-life experience of the virtual world are the factors that are expected to boost the market in the forecast period. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global amusements market in the future.

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Amusement parks are increasingly using virtual and augmented reality technology to provide an immersive experience to customers. Virtual reality is a 3D, computer generated environment which can interact with a person, whereas augmented reality turns an environment into a digital interface by placing virtual objects in the real world. Amusement parks are implementing this technology in rides and theater-based attractions.
Major companies in the amusements market, offering AR and VR technology include The Walt Disney Company, Las Vegas Sands, Universal Studios, MGM Resorts, Merlin Entertainment Group, SeaWorld Entertainment, Vail Resorts, Six Flags Entertainment Corporation, Cedar Fair Entertainment Company, Compagnied esalpes.

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