Europe Smart Ticketing Market Share, Global Size, 2021, Trend, Segmentation, Industry Expansion, Opportunities and Challenges Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Europe Smart Ticketing Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Europe Smart Ticketing Market products.

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The growth of the market can be attributed to the growing accessibility to internet amongst the households globally and the need for advanced technologies that promote effective communication between two distant geographies. In the United States, internet access to households grew from around 73% of the households in 2015 to close to 80% of the households in 2019. In Korea, it was around 98% in 2014 which grew to nearly 100% in 2020. On the other hand, in the Netherlands, internet access to households touched nearly 98% in 2019. Countries in the Latin America, such as Brazil and Mexico grew at a significant pace by about 1.45x and 1.63x respectively within a span of 4 years between 2015 and 2019.

Fog Computing Market: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

Overview:
Fog computing, also known as edge computing, is defined as an extension of the cloud computing paradigm from the core of the network to the edge of the network. It majorly provides computation, storage, and services between end devices and traditional cloud servers. Servers and other intermediate nodes are majorly being considered as the core of the network. Desktop machine, mobiles, smart devices, machine, or any equipment connected to a network as endpoint device/machine are considered as edge devices.

The fog computing model is primarily suited for the Internet of Things and real-time big data analytics. It also supports distributed data collection points and is beneficial for advertising, entertainment, personal computing, and other such applications. Fogging can provide benefits by the introduction of vital information and services to the user at the network edge. Hence, the researchers and companies are more inclined toward the development of applications and services of fog computing.

Market Analysis:
According to Infoholic Research, the global fog computing market revenue is expected to reach 556.72 million by 2023, growing at a CAGR of around 61.63% during the forecast period 2017–2023. The rising number of IoT connectivity, M2M communication, need for real-time computing of time-critical process, and the increase in demand for connected devices are majorly driving the fog computing market.

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Market Segmentation Analysis:
The report provides a wide-ranging evaluation of the market. It provides in-depth qualitative insights, historical data, and supportable projections and assumptions about the market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, whitepapers, and vendors presentations. Thus, the research report serves every side of the market and is segmented based on regional markets, types, applications, and end-users.

Countries and Vertical Analysis:
The report contains an in-depth analysis of the vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. The prominent vendors covered in the report include Cisco Systems, ADLINK Technologies, GE Digital, Nebbiolo Technologies, Microsoft, Dell, and others. Most of the major players are based in the Americas region. The vendors have been identified based on portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.

The countries covered in the report are the US, Canada, Mexico, the UK, France, Germany, India, China, and, Japan. Among these, Japan, the US, and China are expected to grow at a high rate during the forecast period (2017–2023) owing to an increase in the penetration rate of connected devices and growing adoption of cloud computing.

Competitive Analysis
The report covers and analyses the global fog computing market. Various strategies, such as joint ventures, partnerships, collaborations, and contracts, have been considered. There is likely to be an increase in the number of mergers, acquisitions, and strategic partnerships during the forecast period.

The report includes the complete insight of the industry and aims to provide an opportunity for the emerging and established players to understand the market trends, current scenario, initiatives taken by the government, and the latest technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.

Regional Analysis
The Americas is the dominating region, which holds the largest share of the global fog computing market owing to the presence of major players in this region. In addition, they have the largest base for technological innovations and adoption. Asia Pacific is among the fastest growing regions in the global fog computing market. The region boasts of major developing economies with a focus on increasing adoption of cloud computing and the growing penetration rate of connected devices. Cloud-based technology, smart product initiatives, and increased penetration of wearables are the major technology drivers in APAC. EMEA is the third largest contributor to the global fog computing market. The region is one of the most digital and interconnected societies in the world; this is leading to increased demand for automated and M2M communication systems. The support from the regional governments is also contributing to the fog computing market growth in the region.

Benefits
The report provides an in-depth analysis of the global fog computing market aiming to reduce time to market for products and services, reduce operational cost, improve accuracy, and operational performance. With the help of fog computing, various organizations can load their crucial information and increase productivity & efficiency. In addition, the solutions are proven to be reliable and improve scalability. The report discusses types, applications, and regions. Further, the report provides details about the major challenges impacting the market growth

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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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