Market Size of Managed Mobility Services, Forecast Report 2014-2020

Managed services include all those in-house functionality that is transferred to the third-party service providers for better management. In today’s fiercely competitive business environment, organisations want to ensure that their staff focuses on the core competencies of their business and non-core activities are handled by third-party service providers. Some of the common managed services include lifecycle management activities, IT resource activities, HR activities, etc.

The global managed services market is forecasted to witness a healthy growth rate in the next five years as more organisations understand the importance and advantages of outsourcing their non-core operational activities.

Managed Mobility Services Market Anticipated to Witness High Double-Digit CAGR

The global managed services market is segmented into managed data centre, managed security, managed infrastructure, managed communications, managed mobility, etc. All these segments of the global managed service market are anticipated to witness a healthy growth through 2020, with the managed mobility segment forecasted to witness a high double-digit CAGR.

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Managed mobility services include the management of smartphones, tablets, and other mobility services required by businesses in carrying out their day-to-day operations. Over the years, smartphones have penetrated every walk of our life and businesses want to leverage on the enormous reach of the mobile phones.

Organisations are using mobile devices to manage their work in an effective manner. Mobile devices are used extensively in the hotel and restaurant industry for allocating seats to patrons on a real-time basis. Moreover, mobile phones have become an important platform for advertising and marketing purposes, as they offer multiple channels through which a product or service can be promoted. These factors have forced businesses to look for credible mobility management service solutions and this is anticipated the boost the prospects of the global managed mobility services market.

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Low Adoption of Managed Mobility in Developing Economies Can Pose a Challenge to the Growth of the Global Managed Mobility Services Market

Although organisations in developed countries are pushing the demand for managed mobility services, it is forecasted that the low demand from organisations in developing nations can curtail the growth prospects of the global managed mobility services. Many organisations in developing economies are concerned about the rising operational costs and they do not want to increase it by outsourcing their mobility activities to third-party vendors. Moreover, businesses in developing economies tend to use free, open-source software for mobility management, as they do not have the budget to invest in premium software. These factors are forecasted to present a key challenge for the growth of the global managed mobility services market.

The global managed mobility services market is segmented into:

  • Managed smartphones and tablets
  • Managed mobile security
  • Managed mobile VAS

Among these segments of the global managed mobility services market, the managed smartphones and tablets segment is forecasted to expand at a high CAGR through 2020. The increase in proliferation of smartphones and tablets in both developing and developed economies is projected to be the key reason for the growth of this segment. The growth will be particularly phenomenal in India and China, but the weak demand from other Asia Pacific nations can have an adverse impact on the growth of the global managed mobility services market.

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Global Managed Mobility Services Market: Key Players

Some of the key players in the global managed mobility services market include Cisco, Alcatel-Lucent, Dell, AT&T, Ericsson, HP, and Microsoft.

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Home Care Services Market Analysis and Forecast, 2014-2020

Over the years, the home care services market has grown exponentially on account of demand from the baby boomers generation. Most people are comfortable in their own homes and leaving their comfort zone to receive treatment or care in a facility seems like a daunting task for many. Many elderly people who have lived their entire lives at their homes find it difficult to adjust to a new institution/facility and this is where home care services have emerged as a credible alternative.

Demand from Baby Boomers Will Fuel the Demand for Home Care Services Market

The global home care services market is projected to grow at a healthy rate through 2020. Rise in the baby boomers population around the world is projected to be the key driver for the growth of the global home care services market. Also, awareness about the benefits of receiving home care is further expected to propel the growth of this market.

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Home Care Services: Market Segmentation

Home care services can be broadly segmented into health and non-health home care. Home health care services include diagnostic and monitoring services, medical supplies, and therapeutic services. It is projected that home healthcare services market will witness a single-digit CAGR through 2020. The non-health home care services segment includes personal hygiene care and companionship services. Personal hygiene segment further includes cooking and housekeeping, grocery shopping, and bathing and grooming assistance.

Key Drivers and Regions for the Global Home Care Services Market

Asia Pacific, the U.S. And Western Europe are projected to be the key regions for the growth of the global home care services market. The burgeoning elder population in Asia Pacific, especially in densely populated countries of India and China is expected to fuel the demand for the home care services market. The easy availability of home care service providers and increase in chronic diseases are projected to be the reasons that will fuel the global home care services market. The cost effectiveness of home care services is anticipated to augur well for the growth of the home care services market in Western Europe.

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Key Challenges for the Global Home Care Services Market

Lack of trained workers remains a key challenge for the growth of the global home care services market. The leading companies in the global home care services market have stringent hiring procedures and they focus on imparting the right training to their staff. However, new entrants in the market are lax about the history of the workers and they do not have the resources or the budget to train them. This remains a key challenge for the growth of the global home care services market.

Key Players in the Global Home Care Services Market

The prominent home healthcare service provider companies are Apria Healthcare Group (U.S.), Alere, Inc. (U.S.), Fresenius Se & Co KGAa (Germany), GE Healthcare (U.K), and B. Braun Melsungen AG (Germany). These companies have registered their presence among the consumers and it is projected that during the forecast period, these companies will further consolidate their position.

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Kids Recreational Services Market Industry Analysis, Trend and Growth, 2014-2020

Kid’s recreational services nurture kid’s body and mind with refreshment and enjoyment through the various activities such as play, artistic activities etc. These recreational services are responsible for developing the imagination, self-confidence, nourishment and creativity of kids. These services also help to evolve the emotional, physical and social skills of the children. While doing this, they learn to recognise and build their social position surrounded by the world. These recreational services empower children to renovate the culture through their own imaginative and creative activities such as painting, puppetry, play, dance, animation, songs, games, street theatre, festivals, stories and many more. It has been seen that working parents spend only 1 to 2.5 hours with their children in a day because of their busy schedule. Many working parents do not get sufficient time to be with their children and in such situation, the recreational activity is the best way to keep children busy with. Kids love to go to amusement park and playing with toys. The size of the global toy market was around 84 billion U.S. dollars in 2012 and the market for amusement theme park grew by 5.2% between 2011 and 2012 and expected to show constant growth. Kid’s recreational services also provide adaptive and accessible sports and recreation programs that are designed for the people with disabilities. Adaptive and accessible programs help children with disabilities to gain self-confidence and to develop physical and social skills. Along with these incredible benefits there are some disadvantages: – managing balance between schoolwork and recreational activities can be stressful for children sometime especially when they have to complete their homework, sometimes, children get less time with their families.

Kid’s recreational services can be segmented by type and by age group. On the basis of type, kid’s recreational services can be segmented as indoor recreational services and outdoor recreational services. Indoor recreational services includes activities such as Pencil-and-paper games, Card games, Puzzles, Board and family games, Indoor hopscotch, Treasure hunt, Indoor bowling etc. Whereas outdoor recreational services include activities such as Backyard Camping, Stargazing, River Rafting, Gardening, Water games etc. On the basis of age, kid’s recreational services can be segmented as, recreational activities for the age group 1-2, 3-6, 6-10 and 11-14.

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Presently Kid’s recreation is one of the globally increasing trend. The factors which promote the growth of this market are, kid’s participation in hobbies, cultural art and interest group, increased holidays, effective exercises for overweight kids and lot more. Globally 23•8% of boys and 22•6% of girls were overweight and 42 million children under the age of 5 were overweight or obese in 2013. The prevalence of overweight and obesity has also increased in children and adolescents in developing countries, from 8•1% to 12•9% for boys and from 8•4% to 13•4% for girls in 2013. However there are some factors that restrain the growth of the recreational services for kids such as lack of family encouragement and mentoring, high competition with other substitute like TV, video game etc., high cost of few sports and physical activities which are not affordable by low income families, also some parents may find it excessively expensive to invest in such activities etc.

The global key players in kid’s recreational services are, The Walt Disney Company US, Worldwide Kids Company UK, Cedar Point US, momstown.ca US, Little Kickers UK, Monkeynastix Burlington, Kindermusik US. Services offered by these companies are soccer classes each according to a different age group, locomotion and ?ne motor activities, sport skills such as kicking, catching and throwing, various exercises such as stretching positions, developing skills for sports such as balance, coordination, amusement services such as thrill rides, water rides, roller coasters etc., and lot more other services for the development of the children.

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These key players device various strategies such as offering innovative and enjoyable recreational services for kids for instance, in 2014, Disney debuted a new innovative technology driven learning approach to early learning with Disney Imagicademy, attractive play equipment and toys such as gingerbread story book, snowman story book, football etc., arrangement of various camps such as summer camps, winter camps and March break camps, offer various creative and enjoyable events such as birthday parties with lots of fun game, creative exercises for kids such as dancing and  singing. Other strategy of these key players includes partnership, for instance, partnership of momstown.ca with Hogg Mechanicals, also momstown.ca hosts sleep themed baby basics in partnership with Walmart, Little Kickers in partnership with Mitre on kit and equipment manufacture, Little Kickers in partnership with Ellerslie AFC who offers junior football program and many other strategies which enable these companies to be one of the leading player in kid’s recreational activities.

GCC Automotive Lubrication Services Market size and forecast, 2014-2020

Automotive lubrication services includes lubrication of all moving parts of automobiles by applying greasy or oily substance, so as to lessen the friction. Automotive lubrication services consist of services such as oil changes, and preventive maintenance. Some GCC companies in automotive lubrication services also provide services such as routine maintenance services, for instance, adjusting tire pressure, changing windshield wipers, replacing light bulbs, repairs, and topping off fluid levels. The automotive industry is in growth phase and also, GCC automotive aftermarket industry reached to US$ 7.5 billion in 2012.  Lubrication is very important for automobiles, without lubrication the automobile would consume more power and automobile parts may get damaged. Lubrication acts as a coolant, a noise-reducing cushion, and a sealant between engine piston rings and cylinder walls.

Automotive lubrication services can be segmented by type and by application. On the basis of type it can be segmented as Boundary lubrication, Hydrostatic lubrication services, Fluid film lubrication services, Hydrodynamic lubrication services, Elastohydrodynamic lubrication services. On the basis of application it can be segmented as lubrication services for heavy vehicles and lubrication services for light vehicles.

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Automotive Lubrication services sector has growing market in GCC region. Growth in population over the past year has led to the increase in the number of vehicles on the road which automatically enable the growth of automotive lubrication services. Also it is found that people are generally using their cars for longer time   and this creates a vast segment of out-of-warranty vehicles requiring repairs, replacement parts and lubrication services. Other factors enhancing the growth of lubrication services market in GCC region are challenging economy, aging vehicle population, and increasing transportation. Total number of registered cars and pick-ups in the GCC are expected to record single-digit CAGR during the forecast period. Also the no. of busses and trucks was around 1 million 2014.

Some major players in automotive lubrication services in GCC region are Chevron Corporation, Jiffy Lube, ExxonMobil Fuels & Lubricants, Royal Dutch Shell, Petromin, and Alhamrani-Fuchs Petroleum. These companies provide various innovative and technically superior services such as inspection and/or emissions testing, engine service (change and replace oil), drivetrain services in which old fluid is removed and replaced by new lubricating fluid, cooling system in which old antifreeze is removed from radiator and replaced it with new antifreeze, brake services, lubrication services for all moving parts of an automotive.

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North and Latin America Weatherization Services Market 06-Year Market Forecast and Trends Analysis Research Report

Weatherization is a process of sealing the cracks and insulating the walls and windows to stop air and heat from getting through. It is a service provided at low cost to the tenant or owner of a home. Weatherization services consist of cost-effective energy efficiency measures for residential and multifamily housing with low-income residents. It reduces the building energy use by 36%.  The benefits of weatherization includes reducing the energy bills of recipients for a long period of time. Some measures, such as insulating walls or roofs, can provide savings for a house for 30 years or more. There was a significant increase of around 1 million weatherized home from year 2012 to 2013. Americans spend 30% of their annual income in energy bills and with the help of weatherization those bills can be reduced up to 50%. Other benefits includes reduced environmental impact, improved indoor air quality, lowers heating and cooling costs, makes your home more energy efficient, makes your home safer and healthier etc. More efficient heating and cooling equipment can provide cost saving for 10-15 years.

Weatherization services can be segmented by type and by applications. On the basis of type, it can be segmented as, Attic Insulation, Sidewall Insulation, Perimeter/Rim Joist/Floor Treatment, and Health & Safety Inspections. On the basis of application it can be segmented as, Window and Door frame, Air conditioner, Heating and Cooling Duct, Ventilator and Siding, Gutter and Downspouts. Some of the major trends in weatherization services are, focus on energy efficiency and renewable energy, education and training related to these activities.

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Basic weatherization work includes Sealing drafts and air leaks, improving the efficiency of your heating system, Hot water heater tank blankets, Adding insulation installing other energy-saving devices etc. Weatherization today covers a complete series of energy efficiency measures that are based on detailed analyses of individual homes. These analyses take the whole-house approach, which maximizes energy and saves dollar. Because of this vital approach and analyses, weatherization has become a leader in advancing home energy science and helps to boost a new industry, providing home energy efficiency services to the wider public. Other factors which promotes the growth of weatherization are, reduced use of energy and increased saving, reduced pollution due to low energy consumption, increased comfort level because of safety measures, government energy grants, and tax rebates, etc.

Some of the global players in weatherization services are Green Home Inspections & Energy Audits, Inc., Home Insulation Company, Go Green Squads, American AWS, and M&M Weatherization Company. These key players provide various services such as air sealing, insulating of attic and walls, installing energy star windows and doors, duct testing and sealing, home energy audits, blower door testing, furnace and water heater safety test, sealing air leaks, Provide information about maintenance and energy conservation and many other services.

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These companies exercise various strategies to be competitive in the market such as competitive prices, business expansion through partnership for example Home Insulation Company is in partnership with RESNET (Residential Energy Service Network), use of latest technologies to reduce air infiltration and to apply insulation, , use of quality products in order to offer quality services, for instance, Green Home uses 2-Part Closed Cell Spray Foam which has the highest R-value ( measure of thermal resistance used in the building and construction industry) on the market which is used for roof tiles, wall cavities etc., recruitment of highly trained employees and lot more other strategies. These strategies help these companies to grow in this competitive market and mark their significance presence in weatherization service market.

Power Conditioning Services Market Size, Analysis, and Forecast Report 2014-2020

Power conditioning services are the services which delivers the protection against the power quality problems. The power quality problems may include problems like brownouts, power impulses, waveform distortion, swells, Sag, interruptions, voltage fluctuations, frequency variations etc. The power conditioner maintains the quality of the equipment in order to increase their efficiency and effectiveness. Power conditioning can reduce hard disk failures and data corruption problem up to 80%. Use of renewable energy resources is new trend in power conditioning service market. Globally, around 40% to 50% of the power conditioning services companies are now focusing on using renewable energy resources, such as solar energy and wind energy.

The power conditioning services have several application such as AC conditioner, conditioner for computers, Automobiles, etc. The power transistor is the key application of power conditioning as it has unique method of electricity generation, storage and uses. Various technologies are used in power conditioning services for instance; autotransformer, inverter, buck boost transformer, battery, isolation transformer etc. Power semiconductor is a very popular device utilized for power conditioning.  The power semiconductor market increased by 5.9% between the year 2012 and 2013. Also the need of power semiconductor for automobiles, major appliances, and industrial equipment is expected to drive the power semiconductor market to reach around US$ 29 billion to US$ 30 billion by 2020. Europe and America region are the leading market, whereas Asean region is the emerging market for power conditioning services.

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The power conditioning services can be segmented on the basis of technology and on the basis of its types. By technology it can be segmented as standby power system, Autotransformer, harmonic filter, isolation transformer, transient voltage surge suppressor, uninterruptable power supply. And by types can be segmented as Voltage regulators, surge suppressor, Power synthesizer, Motor generator, Power enhancer.

The markets for power conditioning are estimated to continue strong growth rates because of the strengthening global economy. Currently, Power conditioning services are showing rapid growth in a global market and the factors which enhance the growth of power conditioning services are, increase in the demand of long lasting and high quality power equipment, demand of power conditioning from utility and industrial end user, investment of companies in the latest electronic equipment to provide quality products and services and lot more. Nevertheless, the power conditioning services come across the challenges such as high cost of power conditioning and lack of trained professionals and therefore many companies are now focusing on giving training to the employees. The market for power conditioning has grown up greatly over past few years because of the amplified dependency upon the sensitive microprocessor-based applications. These microprocessor based application source power quality problems such as sags, harmonic distortion, brownouts, surges, etc.

Some of the major key players in power conditioning services market are, ABB ltd, Honeywell, Echelon Corporation, Rockwell, Interoll, Acromag, Fuji Electric,  Emerson Industrial automation, etc.

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These companies provide several types of products which provide power conditioning services such as voltage conditioner, reactive power conditioner, static frequency converter, MCR Portable Series which  provides excellent noise filtering, CVS Series power conditioners which are very much active against power quality troubles and lot more  other products like these. The ABB ltd has a variety of power protection products and the PCS100 Reactive Power Conditioner (RPC) is the latest power conditioning product of this company. AS a matter of fact it is very important to protect equipment from power-line disturbances because it can result in production and revenue losses. The power conditioner has number of benefits like better audio sound, filtration of incoming AC power, improvement in the performance of equipment, increased prolonged existence of components and many more.

These key players device many strategies to be competitive in power conditioning market and few of them are, use of advanced technologies like autotransformer, provision of services which causes increased productivity and increased life span of equipment, innovative services, reliable solutions for power quality problems, merger and acquisitions for instance; ABB acquired Spirit IT of Eindhoven, Netherlands etc.

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Medical Tourism Market Globally Expected to Drive Growth through 2020

Medical tourism is one of the most dynamically growing industries today. Considered to be the direct impact of globalisation of healthcare, medical tourism certainly exhibits strong growth potential globally. However, based on FMI’s research, the market of medical tourism is expected to concentrate within most of the emerging economies of the world.

As developing nations are increasingly heading toward technological advancement and quality services in the medical and healthcare sector, the global medical tourism market is anticipated to witness robust growth over 2014-2020, predominantly in Asian countries.

The top treatments people travel abroad for, include cancer therapy, cardiovascular surgeries, orthopaedic treatments, dentistry, cosmetic surgeries, reproductive treatments, weight loss therapies, health screenings, and medical tests and scans. In severe cases, a sizeable patient population also seeks second opinion from specialist doctors out of their countries.

Key Drivers

High treatment costs and lengthy waiting times for medical procedures, being the two major factors in driving medical tourism, are also supported by easier and cheaper international travel. While the U.K.’s population prefers to travel abroad for bypassing long waits, patients from the U.S. travel outside for availing of treatments at cheaper costs.

Medical excellence along with international accreditation are the key factors fuelling a majority of international patient flow, eventually boosting international medical tourism. Currently, over 600 medical departments and hospitals all over the globe are accredited by the U.S. Joint Commission International (JCI). The number of accredited facilities is projected to increase almost by 20% each year. This is another important driver associated with the market growth.

Developing countries, with ever-evolving innovation and demonstrable achievements in medical research are estimated to accelerate the approaching medical tourist flow over the forecast period. Growing healthcare investments by various government and private sectors are also anticipated to further bolster the market growth.

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Key Restraints

However, medical tourists are highly prone to a wide variety of health risks after they return. The conditions may include TB, paratyphoid, amoebic dysentery, deep vein thrombosis, and more; usually caused due to poor post-operative care and inadequate rest. This could affect the market to some extent.

Stringent documentation processes, issues related to visa approval, and limited insurance coverage are reportedly some of the most deterring factors for the global market.

Global Medical Tourism Market: Segmentation

FMI’s research on the global medical tourism market offers a six-year forecast, segmenting the market on the basis oftype of medical treatment and geography.

On the basis of the type of treatment, the market is segmented into cosmetic treatment, cardiovascular treatment, fertility treatment, dental treatment, orthopaedic treatment, and other general treatments.

On the basis of geography, the market is segmented into Asia pacific, Eastern Europe, Western Europe, North America, and South America.

Regional Outlook

Some of the prominent medical tourism centres across the globe include Thailand, India, South Korea, Taiwan, Costa Rica, Israel, Brazil, Turkey, the Philippines, Dubai, Singapore, Malaysia, Mexico, Poland, Canada, and the U.S. According to Patients Beyond Borders, the global medical tourism market is currently growing at an impressive rate between 15% and 25%, and the flow of patients seeking cross-border treatment options will be the highest in Mexico. South and Southeast Asia are expected to dominate the global market in the near future.

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Based on MTA’s recently released Medical Tourism Index, there are 41 countries participating in the global medical tourism market. While India broadly secures #1, Israel ranks #1 in the quality of services and facilities.

India is renowned for specialist cardiac surgeries, while Singapore is a popular medical tourism destination owing to the expertise in complicated surgical procedures. Thailand has been a popular destination for medical tourism and millions of patients have travelled to Thailand since 2006. It is also the top cosmetic surgery centre globally.

Malaysia offers state-of-the-art medical infrastructure and treatments by highly skilled medical professionals, making it another sought after centre among medical tourists. With economically affordable treatment options and favourable government initiatives, Malaysia is anticipated to acquire one of the top market positions in the global medical tourism market, during the forecast period.

Key Players: Global Medical Tourism Market

Some of the top key players in the medical tourism industry include Asian Heart Institute (India), Apollo Hospitals (India), Prince Court Medical Centre (Malaysia), Gleneagles Hospital (Singapore), Min-Sheng General Hospital (Taiwan), Samitivej Sukhumvit Hospital (Bangkok), Raffles Medical Group (Singapore), Clemenceau Medical Centre (Lebanon), Bangkok Hospital (Thailand), Bumrungrad International Hospital (Thailand), Fortis Healthcare Ltd. (India), Wooridul Spine Hospital (Korea), KPJ Healthcare Berhad (Malaysia), Anadolu Medical Centre (Turkey), and Asklepios Klinik Barmbek (Germany).

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While these players rank amongst they compete on the basis of exceptional service quality, optimum patient comfort, and relatively reasonable costs for various treatments. Several facilities are also undergoing mergers, acquisitions, affiliations, and joint ventures for delivering enhanced medical care, thereby strengthening their market positions. A few prominent examples of highly productive collaborations include the collaboration between Bumrungrad International Hospital (Bangkok) and IBM Watson for better cancer care, and the collaboration of Anadolu Medical Centre (Turkey) with Johns Hopkins Medicine (U.S.).