Here are some trends that are shaping the global garments industry

The apparel and garments industry is worth billions on a global scale. The market is being shaped by numerous factors that include – but are not limited to – changes in the economy, consumer trends and political climates.

A curious development that can be noticed in the global garments market is that of the continuance of the previously existing fashion trends. In other words, apparel styles that were in vogue a year ago have been further modified and popularized at present. Retailers that had been able to keep pace with the new trends from the previous years will thus benefit to a great extent.

New concepts have evolved all around the world. Stores that only serve as “catalogs” for buyers have surfaced, which require the interested parties to complete their purchases online after choosing their desired products. This “showroom” strategy has brought about a revolution in the global garments market and has even solved the problems related to the need for large square footage for traditional shopping complexes. Smart stores have also come up, which provide customers with the facilities of self-checkout and payments via digital methods.

Many fashion companies now personalize or customize the products as per the requirements of the target markets. The use of artificial intelligence and machine learning has made this possible, as the technology has enabled retailers to narrow down their offerings to suit a local market. Data on shopping history, style preferences and so on are utilized to get a clear picture of the demands and trends in the market.

Casual clothing is the new hype in the garments market. Styles have shifted to the “athleisure” style of apparel, and almost all major companies, ranging from high-end to affordable ones, are investing in this sector. Many retail companies are partnering with celebrities to release exclusive clothing lines, which has further increased the profitability of the industry.

The relevance of over-the-air testing for IoT in the global market

The over-the-air (OTA) testing technology is being utilized by numerous industries to test the safety, reliability, and performance of their devices. This method enables manufacturers to get an understanding of whether or not the wireless devices would function seamlessly in the real world. Moreover, it helps provide a seal of guarantee when it comes to compliance with the various rules, standards, and regulations.

The emergence of the Internet of Things (IoT) has led to the surge of various challenges in the global market, which has led to an increase in the implementation of over-the-air testing techniques. Domestic households have witnessed a significant rise in the number of wireless devices that are being operated simply with the help of a router. Smart devices that can be operated only at the click of a button, such as lighting, window blinds, and temperature controls, are being commonly used. These devices constitute some of the most important global market segments for over-the-air testing.

The market for IoT is evolving at a rapid pace, with new product requirements and security threats such as breach of privacy and data theft. In order to be at par with these changes, manufacturers are deploying over-the-air upgrade processes to help protect the smart devices. Global market analysis on over-the-air testing reveals that OTA firmware has become increasingly common, and is eliminating the use of cables and wires for the testing and upgrading of devices.

The IoT systems have design cycles that are typically very short in nature, which makes it necessary to constantly incorporate the latest features and changes to sustain the expanding market in a successful manner. Solutions and updates are usually deployed in phases, and the hardware of the systems need to be considered when developing or releasing such updates.

The interface for over-the-air testing, as well as firmware update, needs to be standardized in order to ensure the use of the same architecture across different nodes. In other words, the platform used to push these updates across heterogeneous devices must be the same. This also helps reduce the complexity associated with these processes.

Opportunities brought forth clinical informatics in the global market

The reliance on information technology in the healthcare sector has been increasing at a remarkable pace over the past few years. There is virtually no sector in this industry that has been untouched by it. This information-based approach to delivering healthcare needs to be structured in a specific way for efficient retrieval and subsequent use in reporting or evaluation.

The market share occupied by a clinical informatics company varies. The popularity depends on the range of facilities that the technology provides, in addition to the ease with which the systems can be operated.

Hospitals, health clinics, military healthcare outlets, and several other centers can deploy clinical informatics to make their work more convenient. A multitude of tasks can be completed by healthcare informatics, which includes evaluation of the existing information systems and providing recommendations to improve the functionality. In other words, there is no end to the opportunities that clinical informatics brings to the global market.

Insights on the healthcare informatics market indicate that caregivers store, retrieve and share data using this technology to formulate as well as implement a unique treatment plan for the patients. Use of latest equipment, such as computers, smartphones, tablets, and software is recommended to facilitate smoother handling of information. Patient data is collected, saved, interpreted, evaluated and finally implemented into a treatment plan for each individual.

Additional benefits of using healthcare informatics include a decrease in medical errors and the ease of management of complex cases. This is because the use of algorithms and databases to formulate a treatment plan generally eliminates the chances of human error, thereby making room for improved healthcare practices. Moreover, using clinical informatics can help patients take charge of their own health, and the treatment process becomes more seamless as they can make their opinions count, thereby facilitating better cooperation with the healthcare providers.

Key segments present in the global robot software market

Robot software is a set of coded commands that instruct an electronic system or mechanical device on what tasks to perform. The market for robot software is driven by the need to mitigate labor costs while maintaining the quality of work. Implementing robot software can help smoothen the business proceedings, reduce the rate of errors, reduce the cost of hiring employees and increase customer satisfaction on a whole.

According to research conducted by Netscribes, the global robot software market is expected to generate a revenue of 15.47 Bn and expand at a compound annual growth rate (CAGR) of 9.2%, by 2023.Industry, software type and regions are the three segments that the global licensed sports merchandise market is classified into.

In terms of industry, transportation, and logistics industry will experience a high growth rate during the 2018- 2023 period. Robot software is used extensively by the transportation and logistics industry to solve traffic congestion and problems related to autonomous cars. Manufacturing healthcare, and banking, financial services, and insurance (BFSI) industries, will occupy a significant share of the robot software market share. There are lucrative opportunities for robot software in emerging economies who are employing drones, robotics, and intensive hacking systems for defence purpose.

In terms of software type, data and analytics software receives a continuous boost due to the inclination towards preparation for unforeseen circumstances and efficient planning. Communication management software enables organizations to streamline communication by tracking and recording internal and external communication.

North America holds a major share of the global robot software market. This can be attributed to the presence of developed economies such as Canada and U.S. Moreover the early adoption and penetration of analytics in manufacturing, healthcare, transportation, and logistics fuels the growth of robot software in this region. The Asia Pacific is expected to experience the highest growth rate during 2018- 2023 due to the rise in expenditures over technology in countries, such as China and India and rise in the demand for advanced data protection solutions.