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Category: Electronics

Router and Switch Market Will Reach Height of USD 41.03 billion By 2024

The router and switch market is expected to gain USD 41.03 billion by 2022. Trends such as adoption to BYOD is encouraging companies to raise their allocation of budgets to enhance network security. The rise in need to enhance network security for effective management and offering support to multiple devices coupled with risk mitigation is expected to result in further market development during the forecast period.

Router and Switch Market is driven by factors such as rise in internet users and increase in bandwidth usage coupled with increase in use of Ethernet technology. Mobile phones have now become an important part of communication from the business point of view for speedy business operations. Rise in network communications and lowered operational costs with minimized time consumption are some of the factors responsible for the market growth in the forecast period.

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Based on service, the router and switch market is segmented into Ethernet service edge router, service provider core router, broadband aggregation (BRAS), Multi-service edge router, ATM Switch, Ethernet Aggregation, Ethernet Access, Internet Data Center, Ethernet Access and demarcation device. Multi-service edge router is anticipated to rise at a CAGR of 3.4% by 2022.

Geographical segmentation for router and switch industry includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe market grew at a significant CAGR in the forecast period registering a quarterly rise in the sales. Asia-Pacific regions have outgrown in the global scenario owing to increase in network infrastructure. The key players in the router & switch market include Actelis Networks, ADTRAN, ADVA Optical, ECI Telecom, Ericsson, Force10 Networks, Cisco Systems, Hatteras Networks, Huawei Technologies, Juniper Networks, RAD Data Communications Networks, Seabridge Networks, Tellabs Inc, ZTE Corporation, Telco Systems, ANDA Networks, Ceterus Networks and Foundry Networks.

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Router and Switch Product Outlook (Revenue, USD Million, 2012 – 2022)
    • Internet Exchange Router
    • Service Provider Core Router
    • Multiservice Edge Router
    • Ethernet Service Edge Router
    • ATM Switch

Router and Switch Service Outlook (Revenue, USD Million, 2012 – 2022)
    • BRAS
    • Ethernet Aggregation
    • Ethernet Access
    • Internet Data Center
    • Others

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4K TV (Television) Market Will Reach Height of USD 380.9 billion By 2024

Global 4K TV (Television) Market is anticipated to reach USD 380.9 billion by 2025. The ultra-definition televisions are a mixture of 4K resolution, wide color gamut (WCG), high frame rate, and high dynamic range. 4K television is a major alteration in the television manufacturing. The competition among numerous 4K television sellers has increased over the past few years.

The factors that propel the growth of the 4K TV industry include development in graphic technology in television and rising demand for high end electronics. On the other hand, there are factors that may hamper the growth of the market including high cost related with the 4K television. 4K TV Market is anticipated to grow at a significant CAGR of 21.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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4K TV (Television) industry may be explored by screen size, technology, screen type, end user, distribution channel, and geography. The market may be explored by screen size as 52 – 65 inches, Below 52 inches, and Above 65 inches. The “52 – 65 inches” segment led the 4K TV market in 2016 and is anticipated to maintain its dominance by 2025 owing to fast introduction of advanced technologies such as Super Ultra High Definition (SUHD) and Quantum dot LEDs (QLEDs).

The 4K TV industry could be explored based on technology as Light Emitting Diode (LED), and Organic Light Emitting Diode (OLED). The market could be explored based on screen type as Curved Screen, and Flat Screen. The market could be explored based on end user as Public, and Household. The industry may be analyzed by distribution channel as Offline Store, and Online Store.

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Asia-Pacific accounted for the major share of the 4K TV market size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes huge acceptance along with declining prices of 4K televisions. Asia-Pacific region is followed by the North America and it is expected to grow over the forecast period due to increasing adoption.

Some of the key players that fuel the growth of the 4K TV industry comprise Samsung, LG Electronics, Sony Corp., Hisense, and Sharp Corp. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

4K TV Screen Sizes Outlook (Revenue, USD Billion,Volume, Million Units; 2014 – 2025)
    • Below 52 inches
    • 52 – 65 inches
    • Above 65 inches

Wearable Sensors Market Will Reach Height of USD 149.3 million By 2024

The Global Wearable Sensors Market was valued at USD 149.3 million in 2016 and is anticipated to grow considerably in the forecast period due to the increasing number of health and fitness monitoring applications. Wearable sensor is a high-tech device worn by individuals for recording information related to health and fitness. These technological sensors can be wired or wireless devices and are incorporated in fashion accessories or clothes. They diagnose and monitor the crucial body signals like blood pressure, heartbeat, and other metabolic activities. The rise in adoption of the advanced monitoring systems across globe is predicted to boost wearable sensors industry in near future.

The wearable sensors enable the biological and psychological senses in the body. It basically identifies and monitor the ongoing treatment for cardiovascular, neurological, and pulmonary disorders like asthma, hypertension, etc. At present, motion sensors are deployed at pharmacies in rural regions that lack the use of remote monitoring systems.

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Subsequent rise in world population as well as considerable ageing population is reinforcing the speedy growth of healthcare costs. The healthcare system is undergoing a revolutionary change, which enables monitoring of inhabitants without hospitalization. The enhancement of sensing technologies, wireless communication technologies, nano technologies, implanted systems, and miniaturization has empowered the development of smart systems to continuously record the human activities.

The wearable sensors identify abnormal and/or unexpected situations by recording psychological factors as well as other indications. The major factors that drive the wearable sensors market are rise in adoption of remote and home patient monitoring systems, developments in sensor technology and increased use of wearable sensors for new borns. Additionally, the growing use of smart electronic devices for consumers like smartphones, tablets, and laptops has streamlined the recording and gathering of information, since these devices can be easily paired. Moreover, the costly wearable sensors, privacy issues, and data integrity are expected to restrict the market growth. Nevertheless, the strict regulations regarding data storage is predicted to increase the acceptance of wearable devices in the society.

The rising chronic sickness, elderly population and higher penetration of smartphone technology are expected to offer growth opportunities in the wearable sensors industry. The growing health and fitness awareness, remote monitoring of patients, integrated with low costs in digital health are expected to affect the Market significantly. The software and technological upgradations like cloud networking has enabled development of wearable sensors with minute user involvement in the device monitoring. This simultaneously makes the procedure convenient, affordable and simpler to manage. This is projected to widen the scope and expand wearable sensors market in near future.

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The wearable sensors industry can be categorized on the basis of product type, application and geography. On the basis of product type, the Market is divided as Image Sensor, Medical Based Sensor, Motion Sensor, Position Sensor, Pressure Sensor, Temperature Sensor and etc.(chemical, optical and stretch). On the basis of application, the industry can be divided into Body Wear, Eye Wear, Foot Wear, Wrist Wear and etc. (finger, head, neck wear).

Geographically, the wearable sensors market can be divided into North America, Europe, Asia-Pacific and LAMEA. The growing Research & Development in wearable sensors segment in terms of improved technologies, and the increasing demand for better lifestyle are the two essential factors that drive the Market in North America. Also, the growing R&D capabilities are expanding the application areas of wearable sensors in various industries like healthcare, consumer electronics and entertainment.

The prominent players in the wearable sensors industry are Panasonic Corporation, Adidas AG, Google, Inc., Infineon Technologies AG, Intel Inc., Analog Devices Inc., InvenSense Inc., STMicroelectronics, ZOLL Medical Corporation (Asahi Kasei Corporation) and Texas Instruments Incorporated.

Electric Vehicle Plastics Market Outlook & Worldwide Foresight to 2024

An electric vehicle uses one or more electric motors or traction motor for propulsion. It may be powered via a collector system by electricity or may be self-contained with a battery or generator to convert fuel into electricity. These include road & rail vehicles, surface & underwater vessels, electric aircraft & electric spacecraft. On contrary, to traditional vehicles which possessed internal combustion engine (ICE) is now getting blurred with usage of electric vehicles which run on conventional energy or electricity. With the growing approach towards electric vehicles (EV), plastic materials play a pivotal role in helping to reduce carbon emissions or dependence on petroleum. By using plastics in EV, the weight of the vehicle can be reduced upto 40%. Additionally, high performance polymers and elastomers are used to integrate components and functions. The miniaturization helps in reducing space and improves packaging.

The major market drivers for the global electric vehicle plastics market share include strict emission norms & regulations leading to minimizing weight of passenger cars& government initiatives to encourage adoption for electric vehicles. Therefore, the electric vehicle plastics market share is estimated to grow at a higher CAGR during the forecast period. However, a key factor restraining the market share is the lack of charging stations for BEV operated vehicles & HEV operated vehicles. Thus, charging infrastructure is significant for the growth of electric vehicles as in case of BEV and PHEV.

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On the basis of vehicle type, the global electric vehicle plastics market share is segmented as BEV, HEV, PHEV. BEV segment is likely to dominate the global market share for the forecast period owing to rising innovations, environmental concerns, strict emission regulation and norms. Additionally, government initiatives in the form of introducing various tax & non-tax incentives for electric vehicle owners have boosted the plastic growth employed in these BEVs. On the basis of material, the global electric vehicle plastics market share is segmented as PP, PE, ABS, PVC, PA, Nylon 6/6, Nylon 6, polycarbonate, PVB and other engineering resins.

PP is the fastest growing segment owing to features like better heat resistance, protection from UV rays, high strength & flexibility. On the basis of application, the global market for electric vehicle plastics market is segmented as interior, exterior, lighting & electric wiring and under the hood. Polyurethanes is estimated to be the largest growing sector and is predicted to dominate the market for the forecast period owing to its use in seating, electric wiring and hard plastic parts.

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On the basis of geographic segmentation, the global market for electric vehicle plastics market includes North America, Europe, Asia-Oceania, Middle-East & Africa. Asia-Oceania is predicted to dominate the electric vehicle plastics market and is estimated to grow at a higher CAGR during the forecast period. Asia-Oceania is an emerging market for electric vehicles in the recent years. Government initiatives in the form of incentives to support the demand for electric vehicles market have also boosted the market.

Faraday Future, a 2015 startup jumped into the electric vehicle market with a view to challenge Tesla electric motor and announced a big news about its plans to build a factor outside Las Vegas and that raised curiosity among the masses especially for its financial support. However, the startup has stopped construction owing to parent’s company financial problems. The Chinese company LeEco has funded Faraday Future but now has lost his fortune owing to the market fluctuations in his own native country. So, now Faraday Future would showcase its first production car at the CES 2017, the international electronics show in Las Vegas from Jan 5-8. The key players in the global electric vehicles market include BASF SE, The Dow Chemical Company, Tesla Motors, Ineos Capital Limited, and the plastics are supplied to automotive OEMs such as Nissan, Chevrolet, and Volkswagen AG.

Insulation Market Will Grow AT A CAGR of 8.6% By 2024

The global Insulation Market is projected to witness growth with an excellent CAGR of 8.6% over the forecast period. Rising awareness related to energy conservation is driving growth of the insulation market. Although the construction industry has endured subdued records after the outbreak of worldwide financial crisis in 2008, growing apprehensions over enhanced energy efficiency in residential and non-residential buildings, coupled with surging energy costs are rendering HVAC materials as a popular choice. Zero energy buildings have gained prominence as regulatory authorities are incorporating legislation highlighting the importance of minimizing energy loss with the help of Retrofit construction.

Foamed plastic insulation is gaining huge traction especially in North America and the rest of U.S. allowing it to acquire significant market share from mineral wool and fiberglass products. Strong residential growth in China and India is driving demand for this industry. The growing competitiveness among the construction companies is significantly opening up employment opportunities, specifically in building renovation sector.

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In 2019, Nemo has launched new synthetic material called FeatherCore that weighs less and packs smaller. They manufacture sleeping bags using synthetic fills called PrimaLoft Silver, which can retain its warmth even in moisture-laden environments.

Some of the key players operating in insulation industry consist of Dow Building Solutions, Byucksan Corporation, GAF Materials Corporation, Huntsman Corporation, Guardian Building Products Inc., Johns Manville, Saint-Gobain S.A., CertainTeed Corporation, Cellofoam North America Inc., ROCKWOOL International A/S, Owens Corning, Atlas Roofing Corporation, and Kingspan Group.

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Countries like Korea and Japan with tropical climate have experienced greater adoption of HVAC for thermal protection of air conditional systems. Roofing and foaming techniques demand is projected to advance in developing countries owing to rapid industrialization and construction activity. Government efforts to minimize energy consumption predominantly in Western Europe is anticipated to impel implementation of new building codes that mandate more insulation usage. Europe is emerging as a leader R&D for rendering cost-effective energy savings with its existing Energy Performance of Buildings Directive.

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Small Arms Light Weapons (SALW) Market Will Generate About USD 25.76 billion By 2024

The global small arms light weapons (SALW) market is expected to value at USD 25.76 billion by 2024. The market is subject to witness a substantial growth due to the growing concerns related to human rights, safety, and security. Increase in the number of intense crimes and increasing demand from defense &military sector are expected to drive the market growth of small arms light weapons. Globally, the small arms light weapons industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

However, several environmental and government protocols, reduction in defense expenses by developed countries due to numerous peace initiatives and challenges from many human rights protestors are key factors obstructing the market progress. Factors responsible for sustained market growth for small arms light weapons market include prevalence of domestic violence, organized crimes, and drugs trafficking.

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The small arms light weapons (SALW) industry is classifies into two types based on product type such as small arms and light weapons. The small arms market is further sub-categorized into pistols, rifles, revolvers, shotguns, and man-portable machine guns. Small arms are particularly manufactured for the individual use, while light weapons are designed such that more than one person can operate these weapons. Some of the light weapons include landmines, mortars, grenades launchers, rocket launchers, rocket-propelled grenades, anti-tank weapons, and anti-aircrafts. Other factors such as increasing investment for research and development for advanced small & light weaponry sector, and rising defense expenses of developing countries, are advancing the market progress.

The SALW market is broadly categorized into two major segments based on the application type such as military & defense sector, and law enforcement. The military & defense sector is considered as one of the fastest growing segment in the with substantial revenue generation in the last few years. Growing popularity of small arms light weapons (SALW) in the military & defense segment is attributed to the increasing cross-border tensions between countries, political instability and increasing threat from several terrorist outfits. The law enforcement segment has also witnessed substantial growth owing to the prevalence of domestic violence, organized crimes, and drugs trafficking.

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The small arms light weapons (SALW) industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in defense sector, increase in the number of research & development activities in the region and existence of well-established manufacturing infrastructure.

Asia-Pacific region is predicted to hold major market share in the small arms light weapons (SALW) market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with growing terrorist activities in the region, rising defense expenditure, growing concerns related to human rights, safety and security, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the SALW industry are GLOCK GmbH., FN Herstel S.A., Berette S.p.A., Colt’s Manufacturing Company LLC, Lockheed Martin Co., Raytheon, Inc., General Dynamics Co., Smith & Wesson Holding Co., SIG Sauer & Co., and Carl Walther GmbH.

Silicone Elastomers Market Is Burgeoning Worldwide By 2024

Global Silicone Elastomers Market is anticipated to grow significantly in the forecast period due to increasing applications of the silicone elastomers in medical and healthcare sector. Silicone elastomers are the gel-like materials that are colorless, odorless and tasteless and widely used in the production of several electrical insulation products. From several properties of silicone elastomers, physiological inertness is the major property since it helps in the application in medical sector. Silicone elastomers is today gaining popularity due to its properties like superior qualities like high performance and versatility.

Silicone elastomer market is majorly driven by growing consumption of the material in electronics industry. Silicone elastomers is extensively used in connector seals, hoses, gaskets, diaphragms, fuel system valves, etc., which again fuels the market growth. Increasing automobile demand from emerging economies and growing spending power from the middle class population is also boosting the market growth. However, silicone elastomers industry is facing restraints by poor corrosion and oil & petroleum resistance properties of the material.

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Silicone elastomers market is witnessing trends like increasing use of antimicrobial silicone elastomers, which are used to prevent bacterial growth. Antimicrobial silicone elastomers are used on surfaces to avoid corrosion and other kinds of damage or harm. They are now widely being used in pet food production, beverage manufacturing, medical devices, foodstuff production & processing, and agricultural activities.

Silicone elastomer industry is categorized on the basis of type, process, application, and geography. On the basis of type, the market is divided into liquid silicone rubber, fluorosilicone rubber, high consistency rubber and others. High consistency rubber segment is expected to lead the market of silicone elastomers owing to its superior properties like brilliant strength, better electrical connectivity, resistance to radiation and extreme temperature resistant.

In terms of process, silicone elastomer market is bifurcated as injection molding, extrusion, compression molding, liquid injection molding and others. Liquid injection molding is projected to hold larger market share of silicone elastomer due to easy usage and growing demand from several end users for automated processing techniques.

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Based on application, silicone elastomers industry is divided into healthcare, automotive, home repair & hardware, medical devices, apparel, electronics, construction and others. Automotive segment registers significant market growth of silicone elastomers owing to the explosive demand from the sector.

Geographically, silicone elastomers market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific region is predicted to dominate the market of silicone elastomer owing to the huge demand for several applications.

The leading players in silicone elastomer industry include StockwellElastomerics, Inc., ZhongshanTinhou Plastic Industrial Co., Innovative Silicones, HuzhouLongtong Chemical Co., Cauchos Pedro Romero S.L., Ltd., SF Composites, Ltd., Intek Adhesives Ltd., HsuanHau Enterprise Co., Ltd., Universal Rubber Mfgnv, HÜBERS, Ltd. (LiYaTe), Shenzhen Inno Silica Co., Ltd., 2D Chemical Ltd., and ShenZhenLiYaTe Technology Co.

Global pH Meters Market Will Shoot Up Rapidly

Global pH Meters Market is estimated to grow significantly in the forecast period owing to the introductions in technologies, favorable regulations and need to control waterborne diseases conditions. pH meter is an instrument that measures acidity or alkalinity of a solution. Basically, it consists of a voltmeter that is attached to a pH-responsive electrode and a reference electrode. pH is measured with the help of pH indicators in the form of a solution, pH strips or potentiometric method. It works by measuring potential difference between known reference electrode and measuring pH electrode.

The potential of pH electrode varies on the concentration of hydronium ions. Precisely, a pH meter is an accurate voltmeter connected to pH and reference electrodes, which is scaled in a way that displays ready pH value. The applications of pH meters can be found in industries like laboratory, food science and pharmaceutical, among others. Technological modernizations and portable design in pH meters are the main reasons driving pH meters market.

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The major driver of the market is the strict regulations on water quality. Various environmental agencies and water governing organizations in respective countries have set certain limits to ensure that water distribution agencies supply high-quality drinking water to public. Government of different nations have also set drinking water quality parameters.

Drinking water contains harmful substances and hence water distribution agencies are responsible to supply proper purified water from sources. Since different countries follow different set of parameters, there is no universally accepted international standards for pure drinking water. The permitted concentration of individual pollutant constituent may vary five times from the standard set from one nation to another.

The recent trend gaining momentum in pH meters industry is calibration-free pH meter. The cleaning of probes and electrodes is one of the major challenges for the industry. This increases the total cost and time required for the maintenance of pH meters. The exact measurement of pH levels also requires skilled technicians who spend maximum time maintaining and calibrating pH electrodes, which leads to extra cost and manpower. The complex process mostly introduces technical issues and human errors. However, challenges concerning the use of pH meters like electrode drift, sample contamination and inaccurate measurement are expected to restrain the adoption of pH meters rate in most industrial practices. Lack of awareness regarding importance of pH meters in emerging nations will continue to obstruct the growth of pH meters industry.

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Convenient pH meters are highly demanded due to their wide applications in several industries like food & beverage, chemical testing, pharmaceutical, monitoring waste-water and drinking water. Owing to these reasons, pH meters market is expected to grow impressively in the forecast period. Portable pH meters are gaining popularity globally due to the ease of use they offer. Along with increasing activities in water testing and environment testing, the demand for portable meters is predicted to grow at a faster rate among other categories.

pH meters industry is categorized on the basis of type, application, and geography. On the basis of type, the market is divided into bench-top pH meters, portable pH meters, and continuous pH meters. Based on application, the industry is classified into water & wastewater treatment, pharmaceuticals & biotechnology, chemicals & petrochemicals, environmental research & pollution control, food science, and educational laboratories.

Geographically, pH meters market is divided into North America, Europe, Asia Pacific, and Middle East & Africa. North America is projected to dominate the market in the coming years due to strict regulations regarding the quality of drinking water, existence of various industries that use pH meters and growing research activities in pharma sector. The key players in pH meters industry comprise A & E Technology Import & Export Co. Ltd., Qingdao Tlead International Co. Ltd., Shenzhen Huge Creation Technology Ltd., Zhangzhou Eastern Intelligent Meter Co Ltd, Hangzhou Lohand Biotechnology Co. Ltd., Tecpel Co Ltd., Suzhou Unigreen Electronic Technology Co. Ltd., Contech Instruments Ltd., Swastik Scientific Company, Yantai Chemins Instrument Co Ltd., and Shanghai Selon Scientific Instrument Co. Ltd.

Microgrid Market Will Reach Height of USD 17.51 Billion By 2024

Global Microgrid Market is anticipated to reach USD 17.51 billion by 2025. The Microgrid is a combination of generation, distribution, transmission, and electricity and used on a small scale as compared to the conventional Microgrid. Microgrids produce power, and in doing so, decrease necessity of long distance transmission lines and cut transmission damages.

The factors that propel the growth of the microgrid industry include increasing demand for reliable and secure power supply worldwide, government initiatives to reduce carbon footprint, and the compensations of clean and cheap energy storage. On the other hand, there are factors that may hamper the growth of the market including massive investment essential for integrating existing systems with microgrid, high primary cost of installation, solar PV installation in rural areas, and technical barriers. Microgrid Market is anticipated to grow at a significant CAGR of 17.0% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Microgrid industry may be explored by type, offering, consumption pattern, verticals, and geography. The market may be explored by type as Remote/Island/Off-Grid, and Grid Connected. The “Remote/Island-Grid” segment led the market in 2018 and is anticipated to maintain its dominance by 2025 due to forthcoming installation of new schemes in Russia, and Arctic circle.

The Microgrid Market could be explored based on offering as Services, Hardware, and Software. The “Software” segment led the market in 2018 and is anticipated to maintain its dominance by 2025 due to high acceptance of software across commercial and industrial sites, university campuses, utilities, and municipalities. The industry may be analyzed by consumption pattern as Semi-urban, Rural/Island, and Urban/Metropolitan.

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Microgrid industry may be categorized by verticals as Healthcare, Educational Institutes, Military, Industrial, Government & Utilities may be subdivided into Rural Electrification and Urban Electrification, and Other verticals may comprise Data Centers, Telecom Infrastructure (Cellphone Towers), and Electric Vehicles. The “Healthcare” segment led the market in 2018 and is anticipated to maintain its dominance by 2025 owing to growing need for continuous power supply in the healthcare domain, and Next-generation microgrids offer healthcare services the ideal power source for sustaining operator involvement although enhancing energy consumption.

North America accounted for the major share of the Microgrid Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes growing number of new solar PV microgrids for effectiveness in West and Northeast regions of the U.S. is anticipated to have an optimistic influence.

Some of the key players that fuel the growth of the microgrid industry comprise Exelon, GE, Lockheed Martin Corporation, Siemens AG, Lockheed Martin Corporation, Power Analytics, ABB Group, Schneider Electric, Honeywell International Inc, Toshiba Corporation, Echelon Corporation, and ZBB Energy Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Unified Communication (UC) & Business Headsets Market Is Burgeoning Worldwide 2021

The global Unified Communication (UC) & Business Headsets Market size is expected to value at USD1.46 billion by 2025. The market is subject to witness a substantial growth due to the rising demand for mobility and portability services during multiple business processes, thus allowing multitasking and convenience. Globally, the unified communication (UC) & business headsets industry is predicted to grow at a very high CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

The unified communication technology is responsible for establishing simultaneous connections among various communication devices located at remote locations. Rise in adoption of unified communication (UC) and business headsets in the call centers, is expected to double market value of unified communication (UC) & business headsets market. Growing popularity of unified communication (UC) & business headsets in the call centers is credited to higher productivity levels among employees and interactive communication with clients. Increasing demand for various businesses is anticipated to boost growth of the market over the forecast period. Unified communication (UC) and business headsets provides customers with advantages such as email services, instant messaging, web-conferencing, online webinars, and sharing of multiple devices on a single platform.

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Employers, in present times are more favorable towards adoption of cost-cutting strategies such as work from home and bring your own device (BYOD) policies, thus reducing the need for excess of office space. Due to such policies and flexible work routines, employees are more likely to prioritize use of the unified communication (UC) & business headsets to completely eliminate any external disturbances during important work related calls and communication. These factors coupled with high-level of efficiency while performing office-related tasks are expected to fuel growth of the unified communication (UC) and business headsets industry in coming years.

Wireless headset is one of the fastest growing segment in the UC & business headsets market with significant revenue generation in last couple of years. Growing popularity of the wireless headset segment is credited to advantages such as ease to use and cost-effectiveness. Headsets that are adopted for performing business related tasks are commonly lightweight, and has in-built Wi-Fi and Bluetooth systems, thus offering required flexibility during various business processes.

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Unified communications (UC), is termed as a marketing technique that involves integration of various business communication solutions including instant messaging applications, video & audio calling, web conferencing, fixed mobile convergence (FMC) system, and data sharing. The unified communication services also offer desktop sharing, call monitoring and speech recognition with non-real-time communication services like integrated voicemails, and e-mail as well.

Unified communications (UC) is set of communication devices that allows a reliable and unified user interface. Interactive and unified user interface is one of the prominent factors driving demand of the unified communication technology, in recent years. Business headsets are specifically designed and optimized for their use in soft phones, or communication channel on particular computer which is connected to work-place telephone system and behaves as a real telephone.