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Hyperlocal Services Market - Global Industry Insights Trends Outlook Opportunity Analysis 2025
Hyperlocal services refers to online business models that provide various products and facilities that rely on the platform of smartphones with GPS technology. The offerings include food delivery from restaurants, grocery from superstores or hypermarkets, logistic services, and home utility services such as electrical repairing, plumbing, carpentry, laundry, and personal tutors.
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Increased adoption of smartphones featuring internet connectivity is the prominent factor driving the industry growth
According to GSM Association Intelligence report in October 2016, around 44% of the total smartphone users, had subscribed to internet connectivity which is projected to account for around 60% by 2020. Moreover, hyperlocal services market participants are increasingly enhancing search options and application support for better consumer experience. Proliferation of improved and secured mobile payment gateways such as, Android Pay, Apple Pay, PayPal, etc. has led to significant increase in consumer confidence for the application of mobile platform for transactions. These factors are expected to provide strong industry growth prospects through the forecast period.
Hyperlocal services Market Taxonomy
On the basis of service offerings, the global hyperlocal services market is classified into:
Grocery and food delivery services
Home utility services
Logistics
Large discounts on first purchase and competitive product offering costs are expected to present potential growth landscape
The hyper local services market is characterized by the presence of large number of local players venturing for better business growth prospects. Moreover, some competitors have entered into significant private ventures offering capital investments to the start-ups for enhancing their presence through marketing and promotional activities for acquiring large consumer base. This has led to increased competition among the global and local players in the industry, in turn leading to frequent major discounts and competitive pricing strategies for consumer retention. Large savings on purchases and increased consumer convenience owing to easy accessibility to resources is expected to present solid growth prospects for hyperlocal services market.
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Grocery and food delivery segment dominated the global hyperlocal services market share
Grocery and food delivery segment participants perform the aggregation of local restaurants and superstores through smartphone applications and provide products on demand. This helps participants gain the trust of the local shops through online shopping. Moreover, owing to presence of large untapped potential consumer base and almost everyday requirements of foods and groceries will drive growth of these market segments.
Expansion of product offerings to rural and remote locations is expected present consistent challenge over the forecast period
Catering to customers with best product quality with access to marginal profits is major challenge hindering the market growth. Increasing consumer base and business activity may also lead decline of the product quality that can result in loss of consumer retention. Industry is characterized with large number of global and local choices available in the industry, causing increased consumer volatility. Moreover, customer catering potential of these hyperlocal service market is limited to urban regions only. These factors are expected to consistently challenge the business growth of the players.
Developed economies such as the U.S. and countries in Western Europe have witnessed major adoption of hyperlocal services and are leading the market in terms of revenue and consumer base. However, with the increasing proliferation of mobile devices in emerging economies such as China, India, Indonesia, and Brazil is expected to offer significant growth opportunities for market players over the forecast period.
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Industry is characterized by the presence of large number of players acquiring small hyperlocal services market shares. This is expected to continue over the forecast period, however, few industry participants have gained competitive edge over other participants. These participants include GrubHub, Just-Eat, Swiggy, Delivery Hero, Foodpanda group, BOXC, Shipster, and HelloFresh Group.
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1T-MONOS Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
Majority of the requirements for technology featuring memory expansion cards that are utilized in consumer electronic devices and storage medium for the embedded systems are fulfilled by flash memories. According to Coherent Market Insights analysis, this technology has witnessed over 40% year-on-year growth over the last few years. However, owing to certain technological limitations that include flash memory’s finite life, incapability of the bit-by-bit data erasability and large power consumption, the utilization of the technology has been limited to particular environment conditions. However, utilization of 1T-MONOS (flash memory technology) in places where flash cannot be utilized, as proposed by the Renesas in February 2016, is expected to garner major traction over the forecast period.
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Better reliability, performance and processing scalability is projected to provide strong growth prospects over the forecast period
One transistor metal oxide nitride oxide silicon (1T-MONOS) can be used to cater variety of purposes, specifically in automotive segments in conjunction with the CMOS and BiCDMOS, to optimize its power consumption and enhance program/erase (P/E) endurance. It is featured with operations at junction temperatures of 175°C with read/write endurance of over 100 million cycles. Moreover, as per Renesas results, 0.07mJ per 8 byte rewrite energy consumption was achieved on utilization of adaptable slope pulse control to weaken the electric fields and degrade memory cells. These features are anticipated to drive the global 1T-MONOS market over the coming years. Renesas Electronics Corporation introduced its 90 nm one-transistor MONOS in February 2016, is expected to lead the industry applications over the forecast period in the industry. Some of its key features include:
Memory architecture development with FN tunneling for high reliability and P/E operations
Low powered weakening electric fields during P/E operations through adaptable slope pulse control (ASPC) technology
Current consumption recorded at 98 µA i.e. 1 millionth of an ampere for rewriting memories
Architecture is anticipated to find significant addressable applications in environmental friendly automotive systems
Also, the company has introduced prototypes of128 KB flash memory incorporated with 90nm 1T-MONOS flash memory featuring these properties which is expected to start its mass production in 2019.
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1T-MONOS Market Taxonomy
On the basis of potential applications, the global 1T-MONOS market is classified into:
Automotive
Manufacturing and processing industries
Other
Increasing IoT applications and autonomous automotive will drive the industry growth through the forecast period
Utilization of connectivity and memory processing in almost every daily activity that includes agriculture, industry processes, and transportation among many other applications. This is expected to drive the incorporation of electronic processing and advanced computing technologies. Moreover, these application environment are featured with severe operating conditions that prohibit the usage of conventional flash memories. High durability featuring products are expected to find significant applications in conjunction with the growing IoT applications and drive the 1T MONOS market.
Automotive industry has witnessed huge demands for electronic data processing over the past few years. Number of advanced systems such as adaptive cruise control, collision avoidance systems, electric/hybrid vehicles and emergency driving assistance among few others have necessitated the use of electronic control units (ECUs) and other components to mechanize the analog processes. This will present strong growth prospects over the next few years. Moreover, regulatory compulsions to adopt these systems in every vehicles across the globe to ensure passenger and driver safety, specifically in developed global counterparts that include Western Europe and U.S., will prioritize the adoption of these systems and drive the 1T-MONOS market.
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Renesas and TSMC have initiated their strategic activities to capitalize on the opportunities of the future market. Other electronic industry participants are expected to adopt to similar product developments to garner increased applications over the forecast period, which will present considerable industry growth prospects.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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Mr. Shah
Coherent Market Insights 1001 4th Ave,
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Tel: +1-206-701-6702
Email: [email protected]
Website: https://www.coherentmarketinsights.com/
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Global Printed Electronics Market- Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
Printed Electronics Market: Providing Continuous Flexibility and Fabrication of Electronic Devices
Printed electronics is a set of printing techniques applied to produce electrical devices on different substrates. Screen printing, gravure, flexography, offset lithography, and inkjet printing are some of the major printing techniques used for defining patterns on substrates or materials. The printed electronics market is expected to gain steady growth in the foreseeable future, due to the commercialization of printed devices in various industries such as healthcare, automotive, consumer electronics, and media. Increasing proliferation of smart displays and touch devices is also contributing towards positive growth of the market. Medical sensors and diagnostic devices are some of the prime application areas of the printed electronics. Increasing application of printed batteries in different medical devices is also considered as one of the drivers for the market. Adoption of printed batteries as they are stretchable, rechargeable and flexible is another major ongoing trend in the printed electronics market. Growing application of printing technologies in memory, logic energy storage devices, mobile chips and printed circuit boards is expected to act as a major driver for the market over the forecast period.
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The global printed electronics market is estimated to be valued at US$ 4,771.9 million in 2017 and is expected to witness a CAGR of 21.3% during the forecast period (2017 – 2025).
The growing application of flexible and touch displays drives growth of printed electronics market
Printed materials for smart fabrics as well as wearable electronics, which includes, communication, health monitoring, and OLED displays is another major driver for the market. Light weight, ultra-thin, bendable, shatter-proof energy efficient and portability are some of the major attributes of the flexible displays. Growing usage of printed electronics in memory or logic and in different sensors is one of the major growth driving factors for the market. Also, development of portable and miniaturized electronic devices is also increasing adoption of printed electronics in different industries globally. The market in Asia Pacific is expected to gain major traction over the forecast period, mainly due to increasing application of printed electronics in different industries in China and Japan. However, technological complexities and issues with electricity conductivity with some substrates or materials may inhibit the growth of the market. However, growing application of printing technologies in the energy storage devices, photovoltaic cells are expected to act as a major drivers for the market over the forecast period.
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Growing application of OLED displays and smart labels is a prominent factor to fuel growth of the printed electronics market
Increasing adoption of printed electronics in the photovoltaic cells in order to convert solar energy into electricity along with growing application of conductive inks are some of the prime driving factors for the market. Printed electronics increases the electronic functionality of substrates than conventional rigid electronic fabrication techniques. While conventional electronics are used in packaging and print, integrating large-scale printable electronics primarily offers lightweight and thin electronics using high-volume manufacturing processes in cost effective way. Product innovation through research is one of prime strategies adopted by the key players operating in the printed electronics market to strengthen their positions globally. Growing application of printed sensors, batteries and other portable devices are anticipated to fuel the market for printed electronics over the forecast period globally. Moreover, growing usage of printed electronic devices in the healthcare industry is also contributing in the positive development of the market. Asia Pacific is leading the market for printed electronics, followed by North America due to increasing demand for the smart devices and displays. Owing to rapid progression of electronic products which includes RFID, membrane switches, electronic labels and printed displays are anticipated to contribute in the positive development of the market over the forecast period.
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