Identity Theft Protection Services Market: Technological Innovations Leading to Rise in Demand

The identity theft protection services market remains highly-competitive at the bottom level and moderately-competitive at top and middle levels. The emerging players or tier 3 players of the market account for a sizeable revenue share and remain highly oriented toward new product launches and acquisition strategies.

The market players have been assessed in the report as per four propositions- leaders, challengers, followers, and aspirers. The report identifies players such as LifeLock, Inc., Experian Plc., and Equifax, Inc. as leaders with robust revenue footprints and innovative product portfolios. Companies such as Affinion Group and FICO are categorized as challengers, who possess the potential to scale up their revenues with innovation-driven strategies.

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The report further categorizes companies such as LexisNexis Risk Solutions Inc. and TransUnion LLC as followers, who are growing at a steady pace to establish a stronghold in the global market space. Aspirers, such as Intersections Inc. and AllClear ID Inc., have been identified by the report as the ones vying to make it big in the market by observing their nearest competitors.

Rising Corporate Profits to Stimulate Investments in Identity Theft Protection Services

With the resurgence of corporate abilities, the corporate profit margins are also witnessing considerable rise. The willingness to invest in identity theft protection services is also scaling up, aimed at safeguarding the increased income.

As per a recent revelation by the U.S. Bureau of Economic Analysis (BEA), profits from the current production (corporate profits along with inventory valuation as well as capital consumption adjustments) revved up to $76.0 billion in the third quarter, in comparison with an increase of $65.0 billion in the second quarter. Particulars as such provide credence to the fact that corporate profits are not declining anytime soon, portraying potential opportunities for the vendors of identity theft protection services. Conversely, any sort of inconsistency in corporate profits is likely to have adverse impact on the investments being made for these services, which might hamper their deployment rate.

Soaring Reliance on Internet-based Financial Transactions to Boost Deployment

Financial transactions via internet have experienced sheer proliferation since the recent past, driven by factors such as speed and convenience. Technology-enabled transactions are not only famed for enhancing customer experiences, but have also enabled banks to scale up in terms of offering value-based services. However, the rising vigor of technology-driven financial transactions seems to have become a weapon of choice, when in case of fraudsters.

Increasing number of malicious data breaches associated with internet-based financial transactions are anticipated to necessitate the deployment of identity theft protection services. Identity theft protection services offer thorough protection by masking important details and tracking data of privacy invaders monitoring your personal data. Rising concerns associated with data breaches and identity thefts are likely to position the identity theft protection services market for a healthy growth in the upcoming years.

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Pervasive Trend of Electronic IDs to Generate Significant Demand

Electronic ID has gained the centerstage as one of the most significant technology trends. In parallel with the mushrooming number of public stakeholders, digital identity has revolutionized the way individuals communicate with public institutions and is set to penetrate through the private sector at a meteoric pace.

With the rising emphasis on electronic IDs by federal governments worldwide, the instances of identity thefts as well as data breaches have also increased at an alarming rate. This, in turn, is triggering the rising focus and investments on identity theft protection services.

Identity Theft Protection Services Market Structure

The identity theft protection services market has been segmented on the basis of type, end use, and region. By type, the identity theft protection services market has been segmented into credit card fraud, employment and tax-related fraud, phone or utility fraud, and bank fraud. By end use, the identity theft protection services market has been segmented into consumers and enterprises. The identity theft protection services market has been gauged across key regions of North America, Europe, China, Rest of APAC, Central & South America, and MEA.

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Serial Device Server Market Insights Targeting Technological Expansion Steering Growth

Earlier, the terminal server products were large and required many resources for processing. With the development of technology, new integrated circuit designs were made, through which the size of terminal servers was reduced. This led to the development of a serial device server that are cost-efficient solutions with compact size. A serial device server provides the functionality of transferring data between computer serial port (COM port) and Ethernet local area network. With the help of this, the industries are able to utilize the Ethernet network in place of serial cables. The use of serial device server helps to decrease the workstation clutter and provide an architect to place the serial devices at long distances from the computers in which they are used. The Serial port servers provide flexibility to be used with all type of serial devices and peripherals such as printers, scanner, and other peripherals.

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The serial device server are available in two networking configurations namely wired and wireless. These servers are widely used to connect equipment’s too diversified applications. The serial device server offer multi-port connections options over Ethernet with connectivity. The serial server finds application in enabling a serial device to be placed in a network and function independent of the serial port of the computer to develop connectivity. Since the server is independent of the port, therefore it provides the flexibility to the device to be connected and accessed anywhere in the network.

On the basis of type, the market can be categorized as 1 port, 2 port, 4 port, 8 port, 16 port, and other port. The 4 port segment market is expected to register a significant CAGR of 9.6% in the serial device server market.

The Europe region is expected to register relatively low growth in the Serial Device Server market, as the Serial Device Server industry is already developed in the region and market has achieved growth in the product lifecycle. APEJ market is developing at a rapid pace with an increasing application of access control systems and POS systems leading to high adoption of serial device server.

In terms of revenue, the global serial device server market is expected to represent an incremental opportunity of US$ 76.1 Mn by 2018 end over 2027.

Market Dynamics

The serial device server are highly efficient devices that increase the flexibility of data transfer in a networked environment. These devices allow transparent transfer of data from Ethernet of Serial Device Server to a serial interface. The serial device server helps in increasing the availability and uptime by providing seamless protection in case of power input failure. The serial device server is very easy to install and operate. They also provide various installation options to end-users. Such factors are driving the adoption of serial device server in the market.

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Analysis by Region:  

On the basis of region, the global Serial Device Server market is segmented into North America, Latin America, Europe, Japan, Asia-Pacific excluding Japan(APEJ) and MEA.  Among these regions, the APEJ serial device server market is projected to exhibit relatively higher growth in the global serial device server market with a CAGR of over 8.7% during the forecast period. Revenue from the serial device server market in North America and Europe is expected to collectively account for more than 50% of the global serial device server market revenue in 2018.

Key competitors in Serial device server market are MOXA Technologies Co., Ltd., QUATECH, INC., Mencom Corporation, Perle Systems, Siemens Industrial Communication, Advantech Co., Ltd., Comtrol Corporation, 3onedata, Atop Technologies Inc., Silex Technology America, Inc., and ORing Industrial Networking Corporation.

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Increased Demand AcrossComputer Aided Dispatch (CAD) Market Driven by Technological

Computer aided dispatch systems are a combination of hardware and software that is leveraged to dispatch couriers, cabs, technicians, vehicles, or emergency services. The system either uses a mobile data terminal to transmit messages or retrieves or stores data pertaining to calls, radio logs, interviews, schedules etc.

The report on computer aided dispatch market provides in-depth, actionable insights into the computer aided dispatch market. Further, the report on computer aided dispatch market includes an authentic forecast along with a historical analysis of the computer aided dispatch market. All the factors that influence the performance of the computer aided dispatch market have been included in the report.

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The report on computer aided dispatch market identifies all the key drivers that are bolstering the computer aided dispatch market growth. In addition to this, a list of all the macro and microeconomic facets impacting the computer aided dispatch market such as restraints, threats, challenges, and opportunities been propounded in the report.

Opportunities Imminent as Modernization of Emergency Services Gains Centerstage

The shortcomings in the current public safety and emergency dispatch services is prompting administrative authorities around the world to adopt sophisticated systems that could significantly lower response times and server people better. Emergency services struggle to effectively handle multiple requests which increase the likelihood of casualties, and the problem in retrieving the locations of callers is one of the key challenges facing the systems in operation. The new and improved computer aided dispatch systems allow public safety agencies to streamline their dispatch workflows by automating location detection, effective caller identification, and number identification.

The benefits offered by the modern computer aided dispatch systems enable emergency services to respond quickly and efficiently, which can potentially bring down the number of lives lost on account of preventable deaths. Administrative authorities are already shifting toward more integrated, enhanced CAD solutions in emergency services, with the US National Emergency Number Association announcing the NextGen 911 plan which proposes the enhancement of the current computer aided dispatch services across the country by 2023.

Integration of Analytics and Machine Learning into CAD Systems

Computer aided dispatch system manufacturers are directing their efforts towards integrating novel technologies to improve the efficiency of their systems. Advancements in the field of machine learning and artificial intelligence are finding widespread applications in an assortment of verticals including computer aided dispatch systems. For instance, the development of audio analytics can aid operators in comprehending the situation a caller can be in. Audio analytics uses a deep learning algorithm to analyze the caller’s voice and return the probable stressful situation they might be in. A version of the system is being used in Copenhagen where the technology particularly analyzes callers’ voice to identify if they are suffering from a cardiac arrest. Analytics and machine learning algorithms are also being utilized for effective positioning of response officials and their dispatch during times of emergency.

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Increasing Permeation of CAD in Cab Services

As competition in the landscape on-demand cab services intensifies, taxi service operators are leveraging the benefits offered by computer aided dispatch systems to boost both customer and driver satisfaction. Intelligent dispatch systems are enabling taxi service operators in obtaining real-time information of their resources. Further, CAD systems allow operators to manage orders and monitor dispatches aids them in streamlining their process to bolster profits. Research and development towards tailoring CAD systems specifically for cab services is further driving the growth of the computer aided dispatch market. For instance, a recent research is studying the prospect of designing a collaborative taxi dispatch system that allows negotiation between multiple taxi drivers for the dispatch of multiple vehicles for servicing customers in the same geographical region to increase customer satisfaction and reduce empty taxi cruising times.

Scope of Application for CAD Systems to Widen With IoT Proliferation

Evolution of the Internet of Things continues to provide a robust infrastructure required for the expansion of computer aided dispatch market. Increasing connectivity between objects has enabled effective monitoring, detection, and management of resources and human life. Multiple studies are being conducted to research the prospects of leveraging growth in connectivity for development of enhanced computer aided dispatch systems. For instance, drones can be combined with computer aided dispatch systems and serve a multitude of purposes, such as surveillance of areas under fire, faster dispatch of medical equipment in critical cases, and providing real-time feed during hostage situations for quick and efficient dispatch of security forces.

Further, developments in IoT coupled with advancements in wearable technology is expected to boost computer aided dispatch developments, with these combined systems enabling operators to precisely locate people, and allowing consumers to use features such as text to voice to contact public safety agencies. The combination of technologies can automatically contact agencies in case the person wearing it is under distress.

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Off-Road Vehicles Market Inclinations Exhibit Growing Demand during the Period until 2027

Vehicles which can be driven on off-road and rugged conditions are acknowledged as off-road vehicles. Off-road vehicles generally have big tires with supple suspension and exposed, deep treads. Common use of such off-road vehicles is for exploration activities in areas which do not have proper tar roads. Usage of higher power vehicles and higher clearance area enables access to trails and forest roads that have truncated traction and bumpy surfaces.

Furthermore, off-road vehicles are employed in the military and for utility purposes are off-road vehicles. Among all industries, the sports industry held a prominent share of the off-road vehicle market. Retrieval of the global economy and growing disposable income, increasing recreational and touring activities, an advancement in the off-road vehicle technology, and increasing usage of off-road vehicles in the recreational and military operations are the chief factors thriving the demand for off-road vehicles globally. The US is the largest off-road vehicles market due to its long stretches of natural terrain, unpaved roads, and large ranches and farms across the country.

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On the basis of vehicle type, the market can be categorized as All-terrain vehicles (ATV), Side by side vehicles (SSV), Off-road motorcycles, and Snowmobiles. Side by side vehicles (SSV) segment is expected to dominate the off-road vehicles market over the forecast period, regarding value, which accounted for more than 40% value share in 2027.

On the basis of fuel, the market is segmented into diesel, electric, and gasoline.  The segment, diesel in an off-road vehicles market accounted for the highest market share of more than 60% in 2017. The segment electric is expected to grow remarkably over the forecast period.

On the basis of application, the market is segmented into utility, sports, recreation and military. Sports segment accounted for the highest market share in 2017. However, the recreation segment is expected to register a healthy CAGR of more than 5% during the forecast period due to the increase in recreational activities across the developing economies.

The Latin America region and Japan is expected to register relatively low growth in the off-road vehicles market, as the region is currently sustaining economic crises and has less scope of further development. APEJ market is developing at a rapid pace with an increasing application of off-road vehicles across all major sectors.

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Analysis by Region:  

On the basis of region, the global Off-Road Vehicles market is segmented into North America, Latin America, Europe, Japan, Asia-Pacific excluding Japan(APEJ) and MEA.  Among these regions, the APEJ off-road vehicles market is projected to exhibit relatively higher growth in the global off-road vehicles market with a CAGR of over 5.0% during the forecast period.

Revenue from the off-road vehicles market in APEJ and Europe is expected to collectively account for more than 40% of the global off-road vehicles market revenue in 2018.

Market Dynamics

Global Off-Road Vehicles industry is currently witnessing complete change in manufacturing concept. Chief factor propelling the growth of the off-road vehicles market are increasing adoption of off-road vehicles in military and recreational operations. Off-road trucks are used in military operations to transport cargo, fuels, ammunition etc. These vehicles are also utilized for transportation of heavy loaded weapons during wars. Utility off-road vehicles are utilized for agricultural operations for instance in crop plotting and scouting, for picking rocks, for irrigation purpose etc. Off-road vehicles perform farm work efficiently thus, describing the labor costs associated with these tasks. Furthermore, advanced technologies such as GPS on these vehicles, for creating field boundaries and marking field lines, permits to decrease soil compaction and save planting time by plotting the lines. Thus, increasing adoption of utility vehicles in agriculture is anticipated to surely impact growth of the off-road vehicle market.

Furthermore, the globalization coupled with the growing demand for off-road vehicles from the youth section of the society across the world is further propelling the demand for off-road vehicles. Additionally, growing preferences for hybrid and electric off-road vehicles is highly expected to drive the demand for off-road vehicles over the forecast period.

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CNG Vehicles Market Assessment High Points Role of Developed Economies

Fact.MR published an exclusive forecast report for the CNG vehicles market between 2018 and 2027. The foremost objective of this report on CNG vehicles market is to pitch spearhead insights on market scenario, demand generators and technological advancements in CNG vehicles market. Also, the study on CNG vehicle market addresses key dynamics are expected to diversify the sales and future prominence of CNG vehicles market.

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Automotive Industry to drive the Global CNG vehicles Market during the forecast period, and anticipated to grow at more than 3.2% CAGR

CNG vehicles continues to witness lucrative opportunities across the countries on the backdrop of the increasing number of the NGVs (Natural Gas Vehicles) and increasing preference for CNG vehicles across the world. Moreover, the growth in the automotive industry has influenced the adoption of the CNG vehicles due to the depletion of crude oil resources owing to the increasing demand for high quality and reliable CNG vehicles from the consumer. For instance, there has been an increase in the fleet of CNG vehicles by 7.4% in 2014 to 18% in 2018 across the world. The trending convergence of government regulations on fuel emissions & natural gas powered vehicles production which have more adoption rate and is further anticipated to create remunerative growth opportunities for CNG vehicles market. Around the world, governments have issued stringent regulations regarding emissions and fuel efficiency. The global fossil fuel price has seen an increasing trend over the past five to ten years. Due to these reasons, there is a growing demand for cheap and environmentally friendly fuel alternative. Original equipment manufacturers of vehicles are promoting their products by showcasing fuel efficiency and emission-free features. This factor is fueling the demand for automotive CNG vehicles market.

A recent Fact study foretells the CNG vehicles market to record an expansion at 3.2% over the forecast period (2018 – 2027). CNG vehicles continues to witness increased demand from automotive industry. However promotional buyers demand has impressive growth in some of the regions.

CNG vehicles for Passenger vehicles type segment are Estimated to be the Most Lucrative Market in the CNG vehicles

The demand for CNG vehicles for passenger vehicles type segment is estimated to grow at a significant rate and is projected to reach more than thousand millions by 2027 end. The CNG vehicles for commercial vehicles segment is growing at a relatively slower pace as compared to other CNG vehicles segment. The slow growth in the commercial CNG vehicle in the market is due to the long product lifecycle and the availability in the market globally. Though the CNG vehicles for passenger vehicles segment has maximum work piece diameter, which is used in various light commercial vehicles. Therefore, it holds more than 60% share in terms of value in 2018.

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Dedicated Fuel CNG vehicles are anticipated to be the most Favorable Product Type in CNG vehicles Market

Dedicated fuel CNG vehicles holds more than 45% share in CNG vehicles sales owing to have less complicated yet simple design. Although the bi-fuel and dual fuel CNG vehicles are also growing at a significant rate owing to the increasing demand for fuel efficient vehicles and optional fuel function. Also, the dedicated CNG vehicles is estimated to grow at a significant CAGR of more than 3.5% in terms of value, in the global CNG vehicles market over the forecast period.

APEJ: Market Leader in the CNG vehicles

The CNG vehicles market has been evaluated across primary regions such as North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ) and Middle East and Africa (MEA). Among these, APEJ CNG vehicles market is expected to hold favorable growth in terms of CAGR over the forecast period. In terms of value, the APEJ market is anticipated to hold a prominent share of the market by 2027. The market for CNG vehicles is estimated to grow at a significant CAGR of more than 3.6% and will represent a total incremental opportunity of over thousand millions in terms of value during the forecast period.

Competition Dashboard

Key players operating in the global market for CNG vehicles, include Ford Motor Company, Fiat Chrysler Automobiles, General Motors, Honda Motor Company, Volkswagen, Hyundai Motor Group, Suzuki Motor Corporation, Great Wall Motors, Iran Khodro, and others. Some of the aftermarket players in the CNG Vehicles market are Landi Renzo, Impco, Venchurs, Westport, Tomasetoo Achile, and others. The competition among the existing market players is very high. Therefore, to survive & succeed in such a competitive environment, manufacturers must distinguish their product offering through innovative & unique products.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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