Himanshu Patni

  Global Ophthalmic Devices Market is expected to reach the market valuation of US$ 46,337.4 million by 2026 expanding at a reasonable CAGR of 5.2% during the forecast period (2021-2026) from US$ 31,856.4 million in 2019. About 2.2 million people around the world suffer from visual impairment and other eye conditions. Ophthalmic devices include a wide range of design types and applications such as glasses, contact lenses, intraocular lenses, implants, diagnostics, lasers, solutions, and surgical instruments. The various factors driving the ophthalmic devices market include an accelerating geriatric population, a growing number of eye defects, increasing demand for minimally invasive surgical procedures, increasing prevalence of eye-related diseases such as glaucoma, cataract, and others. Also, the technological advancements in the developed regions and the rise in the global adoption of contact lenses and spectacles are expected to boost the market growth. However, complications...

  Global Indoor Location Market is expected to reach the market valuation of US$ 68.8 billion by 2026 expanding at a reasonable CAGR of 33.47% during the forecast period (2020-2026) from US$ 8.9 billion in 2019. Indoor location enables locating the position of objects or people within buildings. Since GPS is unreliable in interior spaces because there is no visual contact with the GPS satellites, an IPS (indoor positioning system) must use other positioning methods. These include, for instance, the common consumer standards Wi-Fi or Bluetooth Low Energy (BLE), but also solutions based on Ultra-wideband (UWB) or passive RFID. Location detection has been very successfully implemented in outdoor environments and now indoors as well as using GPS technology. GPS has made a tremendous impact on our everyday lives by supporting a wealth of applications in guidance, mapping, and so forth. The various factors driving the indoor location market include the rising demand for energy-efficie...

Global Digital Transformation Market is expected to reach the market valuation of US$ 3,693.8 billion by 2026 expanding at a reasonable CAGR of 16.06% during the forecast period (2021-2026) from US$ 1,180 billion in 2019. Digital transformation is imperative for all businesses, from the small to the enterprise. A business may take on digital transformation for several reasons. Shifting from traditional to new digitalized business models facilitates the introduction of more technologically advanced products and services. As digital technologies dramatically reshape industry after industry, many companies are pursuing large-scale change efforts to capture the benefits of these trends or simply to keep up with competitors. The various factors driving the digital transformation market include the digitalizing business functions, rapid proliferation of mobile devices and apps, and increasing penetration of IoT and the adoption of cloud services. However, security and privacy concerns for...

  Global Digital Payment Market is expected to reach the market valuation of US$ 167.6 million by 2026 expanding at a reasonable CAGR of 18.5% during the forecast period (2021-2026) from US$ 65.3 million in 2020. Digital payment solutions such as e-wallets, UPI, POS are deployed for the payment. Since January 2018, 1 million people are using the internet every day. This number has further grown to 4.39 billion users worldwide in 2019, an increase of 366 million since the previous year. Today, 5 million people own a mobile phone. More and more people have started using smartphones and around 2.71 billion people owned a smartphone in 2019. This has acted as a major driving factor in the escalation of digital payments. People nowadays prefer paying through e-wallets rather than carrying cash with them. Further, the government is also promoting the use of digital payment modes as it is paperless. The government of India for instance has started the “ Digital India”  initiative ...

  Electric vehicle charging stations is the infrastructural element that provides energy for recharging the electric vehicle (EV). The installation of charging outlet is continuously growing and is expected to grow exponentially in the coming decade.  Increasing sales of EV, government regulations on greenhouse gases, government incentives and tax rebates on charging station installations  are attributed to be the major drivers for the market growth. At the global level, almost all the countries have their own futuristic models for electric vehicle and charging installations. Such optimistic view towards the market is anticipated to fuel the market in the coming years. However high cost associated with the equipment and its installation is enormously hampering the market growth of Electric vehicle charging station. The impact of this restraint is expected to be high during the forecast period (2018-2025). Meanwhile, countries such as  India, Brazil, and South Korea a...