World market for Global Navigation
Satellite System (GNSS) is projected to reach US$237.9 billion by 2025, driven
by the growing focus on Positioning, Navigation, & Timing (PNT) tools in
commercial, industrial, government and military applications. The technology’s potential to offer benefits
such as improved safety in transportation with full navigational visibility and
end-to-end asset tracking, faster response in emergency situations, and
superior efficiency in environmental quality monitoring, will continue to
bolster growth in the market. Continuous technology advancements are leading to
the launch of superior and highly effective GNSS devices, while technology maturity
is resulting in the availability of lower priced GNSS/GPS receiver sets. Other
major drivers include roll out of GPS III block satellites and increased commercial
use of GPS and GNSS systems; full-fledged deployment of novel GNSS platforms
including China’s Beidou/BDS; and growing convergence with smartphones as a
path-breaking development for GNSS. Of special note is the emergence of the
automotive industry as a lucrative revenue opportunity. GNSS has evolved to a
play a vital role in automobiles largely due to the fact that the technology is
complementary as well as interoperable with other automotive technologies. Some
of the factors driving growth in this space include diffusion of GNSS dependent
telematics in smart vehicles with connected services; rise of commercial
telematics for fleet management and asset tracking; rapid migration from manual
tolling systems to electronic toll collection systems; expanded role of
geospatial data and analytics in intelligent transportation; robust role played
by GNSS in positioning & location data for autonomous driving; growing
prominence of car insurance based on satellite technology; and demand for GNSS
advanced driver assistance systems such as collision avoidance systems &
automated highway/lane control. Read More…
The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Big Data market. The global market for Big Data Technologies and Services is projected to reach $60 billion by 2022 , driven by soaring digital data volumes in organizations and the resulting need to turn this data into valuable insights for enhancing operational efficiency, tapping new opportunities and gaining competitive edge. Defined as a natural result of mankind’s obsession with information technology and digitalization, “Big Data” refers to extremely large sets of structured, semi-structured and unstructured data of different types, including text, audio or video, generated from diverse data sources that has the potential to be mined for required information. While data supply associated with big data ecosystem has always been large and voluminous in most organizations, the ability to use these large datasets and convert them into meaningf
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