Exploring the trends in the Global Mobile Location-Based Services Market

Mobile Location-Based Services refer to the services provided to smartphone users based on their geographic location. Mobile LBS has a wide variety of applications that are already popular with consumers. Applications like mapping services which help in the times of navigational needs, and information services providing services like booking movie tickets, directory services or making dinner reservations.

According to the Global Mobile Location-Based Services Market Insights published by Research on Global Markets, the market is expected to grow at a CAGR of 24.6% until 2023. The evolving business models and the global deployment of 4G & 5G promising ubiquitous connectivity, availability of cheaper GPS enabled devices, high interest of key players across industries in personalising services based on a user’s location information and history and government regulations regarding the use of data are the prime factors driving the growth of the Mobile Location-Based Services Market.

Global Mobile Location-Based services Market

Location-based services is critical to many businesses both private and government organizations. The spatial patterns that location-related services provide are one of its most powerful and useful aspects. It can be used to better understand patterns and relationships. Banking, E-commerce, surveillance and many weapon systems are dependent on LBS.

Location-based services may be adopted in several applications. Apart from the obvious use of navigation and mapping, it helps us getting recommendations about any kind of social event happening in the city or checking out any restaurants, booking a cab, finding the location of an ATM, or maybe a retail store, in times of need or otherwise.

But there are several factors that has been working against this emerging technology. The high cost of geo location technology and the privacy concerns among consumers are affecting both the supply and demand of the location based services. Limited awareness of the consumers about the benefits of the technology, changing business strategies, limitation of smartphones, investment risks estimated by the players in the industry and the infrastructure constraints are some of the major challenges faced by the Global Mobile Location-Based services Market.

Current technology trends in the Global Machine Learning Market

As businesses get bigger, the data that they’re likely to process will be larger too and machine learning is a technology that appears to be the best way to handle that data. Simultaneously, the new development being made in AI, algorithms, and data models are the other reasons why the Global Machine learning Market Size will grow to a value of USD 13.5 Bn by 2023.

In any market, growth is usually followed by the creation of trends and while AI might’ve been ‘created’ in 1955, big developments have only taken place recently in the last decades. So far, the Global Machine Learning Market, software engineers have managed to master AI in its applied form, using ML to build solutions that work on problem-solving, reasoning tasks specific to certain domains. 

• Recognizing text and speech using natural language processing and programs computers to analyze how humans speak, helping to foster the interactions humans have with their devices. Popular examples include Apple’s Siri, Amazon’s Alexa, Samsung’s Bixby and Microsoft’s Cortana.  
• Helping computers to visualize or ‘see’ images so that it can process them further or identify what is in front of it. Examples here include image restoration for photo editing, facial recognition for face unlock security patterns in mobiles and motion analysis for using gestures also in mobiles.   
• Assisting cars when they drive themselves even though autonomous vehicles aren’t exactly big or very favorable with consumers. They aren’t on roads yet as companies still have to perfect their ML mechanisms, but the fact that manufacturers have made so much process is amazing. One con here is that such cars require very complex internals comprising of voice search, deep learning, and image & speech recognition and motion detection.
• The Global Machine learning Market Size has increased largely due to the product recommendation systems utilized by many online retailers. These applications are huge because they are simple in nature and easy to use with the ML algorithms to guess what the shopper will do next.

Alternative options in the Global Feminine Hygiene Products Market

Increased awareness of women’s health and hygiene have brought forward eco-friendly feminine hygiene products. The demand for greener products is driving toiletry manufacturers to invest in cleaner, healthier alternatives. Overall, the Global Feminine Hygiene Products Market comprises of sanitary pads, tampons, menstrual cups, and vaginal health products.

Why are women switching to reusable options?

Health Benefits
Disposable pads, tampons are known to have toxic chemicals created during manufacturing, with the use of bleach to sanitize the finished goods for the end-users. This is a standard step in the manufacturing process, but it leaves behind by-products, which if exposed to for a long period of time, can be harmful.  Some of those by-products come from pesticides used to grow the cotton, the same cotton placed inside the pads.

Consumers have switched to absorbent gel bases to avoid those, but exposure to these chemical bases are just as unhealthy. A common outcome of using tampons is Toxic Shock Syndrome, a serious condition that results from the plastics that go into making one, and that’s directly exposed to the user's skin. The risks vary and are usually very low, but is serious enough to make consumers want something else from the Global Feminine Hygiene Products Market.

Global Feminine Hygiene Products Market

The Green Wave
Hundreds of feminine hygiene products are used in a person’s lifetime. Next, add the amount of energy required for processing raw materials, manufacturing, and shipping. It’s a lot if multiply this by a billion times! Next, the waste is disposed of in landfills and doesn’t decompose.

Compare this outcome with that of a menstrual cup that can last over 5 years if maintained well. It replaces thousands of disposable items used in a lifetime. Some users prefer using cloth menstrual pads, made using natural fibers which are biodegradable over the pads and tampons made from plastic.

Reduced Expenditure
Feminine hygiene products are costly. On average, users purchase a bag or box of these items every month, some even more than that – either way, there’s a price tag involved. Prices increase according to specific requirements, even if the Feminine Hygiene Products Market Size does comprise of differently priced items.

Reusable options like menstrual cups do have a price tag, but it’s a one-time investment. Consumers save only a few months, which is a lot compared to disposable items.

This awareness of how regular sanitary pads are made, their impact on the environment and users' health combined with a preference for alternative sanitary products, and has created this demand for reusable, and safer products, expanding the Feminine Hygiene Products Market Size even more. The market is forecasted to expand at a CAGR of 6.8% and will reach a value of USD 52 Bn by 2023, from USD 37.4 Bn in 2018.

Why SMBG devices still add to Global Blood Glucose Monitoring Market Growth

For monitoring their blood glucose levels, people still prefer to use conventional SMBG devices. Diabetics prefer it because of these advantages.

• It is still an easier way for them to determine which diet plans or foods are better for controlling their sugar levels.
• It reduces the anxiety of carrying out this check as they have easier control over their food intake.
• Similarly, it is an easier way for them to understand how to manage hypoglycemia.  
• Readings are the critical data required by both patients and doctors to assess medication required to be taken and if they have any effect.

Global Blood Glucose Monitoring Market

Some diabetics find these regular checks too restrictive and cumbersome, even downright irritating.to address these concerns, manufacturers have developed and even begun marketing the CGMS or continuous blood glucose monitoring devices. Global Blood Glucose Monitoring Market Growth for these devices it still slow, even if they are popular in certain countries, and with certain users because they’re seen as being user-friendly and accurate in delivering real-time values and trends, helping this   

They are even helpful in the managing of diabetes, in particular, diabetes I cases and the long term complexities that arise out of it. Technological innovations in CGMS devices have even made them useful in the early identification of hyperglycemic/ hypoglycemic levels so that they can be prevented before they get too bad.

It might appear to be the next best thing for diabetes management, and for global growth for this blood glucose monitoring market, but many consumers aren’t taking to the idea. These groups of consumers say that readings can be off at times, especially with active people, leading to confusion over medication/food consumption.

CGMS devices are patches worn on the skin 24x7, but they don’t adhere well and either fall off or get attached to clothing. They utilize sensors to deliver blood glucose readings to connected devices, but these sensors collect grease, sweat and this results in a bad/incorrect reading and make the actual device both delicate and costly.    

These issues might make things tough for players to entirely replace the regular devices, even if strips and SMBG meters viewed as generic products by consumers and insurers.

What are the adverse effects of the ready-to-eat meals of the Global Frozen Food Market?

Rising disposable income and a younger demography of households, households with working couples and the time crunch due to the developing work culture are some of the reasons why frozen food market has been gaining popularity all over the world.

The global frozen food market is currently on the rise due to the convenience, availability of various cuisine options and the change in perception of the consumers towards frozen food. The changing lifestyle of the people are creating a multitude of opportunities for the big players in the frozen food market.

The frozen food market has always been considered less wholesome and less nutritious than their fresh alternatives, considering the heavy processing, artificial ingredients and additives that are supposed to be used in the process of freezing food.

Although ready-to-eat meals, which require just warming it in a microwave before eating, is the most acceptable form of food preservation. The ideal packaging of this food should withstand thermal processing. Also, it should maintain the shelf-life, texture and nutritive value of the food.

Consumers tend to consume frozen foods because of the demanding work-life culture where people are too exhausted by the end of the day to cook fresh food. According to various experts, it is not the freezing that is harmful but the ingredients used in the process. Frozen foods contain high levels of sodium and hydrogenated palm oil, overconsumption of which may cause adverse health effects. Consumption of excess sodium can lead to high blood pressure, which can further cause cardiovascular diseases. Preservatives such as corn syrup and starch are used to preserve ready-to-eat meals which are made up of glucose and are noted as carcinogenic substances. Starch in the food, used to keep food fresh, can cause diabetes when consumed in large amounts. One of the most common additives found in ready-to-eat meals is monosodium glutamate or MSG, which causes a tingling in the limbs, chest pain, head ache, palpitations and fatigue.

Some of the frozen meals have a very high fat content, which makes these meal very high in calories. Many frozen meals are marketed as nutritious and diet-friendly, which may do more harm than good if consumed on a daily basis.

An overview of the E-Payment Solutions Market In India

With the modernization of payment methods that has been going around, online payment industry has become an integral part of our daily lives. No matter how the big or small the transaction is, everyone has been displaying their dependency on the various modes of online payments. Moreover, the easy availability of internet in the recent times and the use of mobile phones globally has increased the user base of e-payment subscribers.

Smartphone penetration, increasing consumer awareness about digital payments, preference for hassle free and quick transactions and secured payment solutions are driving the growth of the e-payment solutions market in India. The use of credit card payments has reduced considerably and the market share of the prepaid payment instrument has increased. There has been a general shift in the preference for payment methods from cards or cash to digital platforms.

E-Payment Solutions Market In India

With the rise in e-commerce and the craze of online shopping, the e-payment solutions have been gaining mass popularity. Since many e-commerce websites offer discounts or cashbacks on online payments, consumers are becoming more inclined towards digital money transaction platforms. The demonetization in India also lead to the adoption of digital transactions among users. Technology has also been driving the sector with the increasing number of e-wallets and m-wallets.

The e-payment solutions market is slowly but steadily gaining momentum in India. Most of the consumers prefer digital payment platforms over other non-cash payments like cheques or demand drafts. Online shopping, payment of household utility bills or booking movie tickets are some of the main sectors in which Indians pay through a digital platform.

The e-payment solutions market is currently going through a tremendous transformation. India has evolved from being primarily dominated by cash-based transaction to become more inclined towards the digital payment options. The market is expected to keep growing at a steady pace with mire support from the government and innovation, efficiency and safety from the market players.