Friday 19 December 2014

Integrated Connectivity opening doors for Connected Cars Market

Allied Market Research published a report titled “Connected Car Market (Technology, Connectivity Solutions, Product and services, Applications and Geography) - Size, Share, Global Trends, Company Profiles, Analysis, Segmentation and Forecast, 2013 – 2020.” The report offers incisive information on the connected cars market and evaluates numerous market dynamics such as market revenue trends, drivers and restraints.

The report forecast the connected cars market to attain amarket value of $141 Billion by 2020, with 32.7% CAGR during the 2014 - 2020.

Integrated connectivity segment would grow with the highest adoption during the estimated period. The use of an efficient network connection could convert a normal car into the connected car.  Integrated connectivity is one of the 3 commercial solutions that provides network connectivity in a car or a vehicle.



This Integrated connectivity works by integrating a smartphone with a human machine interface. The human machine interface is nothing but an in-built machine designed to facilitate interaction between humans and the machine. The work and efficiency of the integrated connectivity solution entirely depends on the in-built applications, namely SDK (software development kit) and API’s (Application Programming Interface).

“Consumers today, require constant internet access and largely prefer connectivity solutions, which can function and network through their personal mobile devices. This encourages the automobile manufacturers to develop the very best solutions in regards to integrated connectivity.  These connectivity devices may differ from user to user in the form of hardware or the application platform used,” states AMR analyst.

“In regards to this scenario, there is an impending need for the manufacturers to develop a universal solution that is compatible with all the connectivity devices, commonly.  Technological advancements in mobile computing, cloud computing, and multimedia connectivity, should pave way for the rise and growth of the connected cars market,” adds the analyst.

Tuesday 16 December 2014

Withdraw money from ATMs without any Card

Bank of India became the first bank in state of Maharashtra, India to allow users to withdraw money from ATM without having a bank account.

The bank launched ‘Instant Money Transfer’, a domestic remittance service that would allow any user to remove cash from its selected ATM’s without having the need of card. This facility is as per the promise of RBI governor, Raghu Ram made in the month of March.

Using the receiver's mobile number, the IMT would allow the customer to transfer money to a receiver through the bank's ATM or using retail Internet banking facility. Hence, the receiver may withdraw money from designated BoI ATMs without using a debit card.

ATM has revolutionized the money transfer process. It has definitely reduces the headache of waiting in long bank queues. The global ATM market is poised togrow steadily as per various research. One such research is conducted by Allied Market Research that provides market Size, Share, Trends and Forecast from 2012 – 2020 on the global ATM market. It would be interesting to see what next technological up gradation is waiting for ATMs.



The report expects the ATM market to reach a mark of $21.9 billion by 2020, registering a CAGR of 7.6% during 2014-2020. The financial services offered by ATMs is the main reason for the growth of global ATM market. However, online theft, inefficient network connectivity and frauds hinders the overall market growth. With a CAGR of 11.3%, while label ATMs are expected to grow steadily during the forecast period.

On the basis of solution, the global ATM market is segmented into deployment services and managed services. Deployment services is further classified as onsite, offsite, worksite and mobile ATM. Onsite ATM refers to ATM in the premise of the bank. Here the customer can utilize both the physical bank branch and ATM. Onsite ATM helps to save time for customers. Offsite ATM machine is one that is located away from the bank premises. It is built by the banks to reach a wider geographical audience and increase the scope of their business. ATM machines located in a company is known as worksite ATM.
In terms of type, the global ATM market is segmented into Conventional ATM/Bank ATM, Brown ATM, White label ATM, Smart ATM, Cash dispenser ATM. Brown label ATM means the hardware and the lease of it is provided by the service provider; however, connectivity and cash management is by the banks whose ATM will be installed.

The `brown label' is been looked up as a substitute between 'white label' ATMs and bank-owned ATMs. A white label ATM is an ATM machine that is owned by the non-banking institutions.

Diebold has been providing security solution to varius institutions over the span of 150 years. Diebold Inc. launched 2 sets of cash recycling ATMs, namely, 3500 and 3700 at Middle East ATMs 2014 in Dubai. Aforementioned two series are designed to increase the efficiency of cash-management and to mitigate risks, as per company.



"This new technology is the next step in Diebold's mission to deliver purposeful innovations that meet real business objectives for our customers," said Diebold Executive Vice President and Chief Innovation Officer Frank A. Natoli Jr. "The 3500 and 3700 series provide exceptional reliability for high transaction environments — helping financial institutions reduce costs, expand their reach and realize a greater return on their investment."

Wednesday 3 December 2014

Parkinson’s disease emerges as the brightest segment for Neuroprosthetics Market

Allied Market Research published a report titled “Global Neuroprosthetics Market (Product Types, Technology, Application, and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 – 2020.” The report forecast the global neuroprosthetics market to reach $14 billion by 2020 with a CAGR of 15.8% during 2014-2020.

The report offers incisive market data to global investor.  Neuroprosthetics is a branch of neuroscience that deals with development of neural prostheses, a series of devices/implants that can substitute sensory, motor or cognitive modality that might have been damaged due to disease or injury.



Cochlear implants and retinal implants are the promising examples of neuroprosthetics. These devices have widespread applications for the treatment of certain neurological conditions such as Parkinson’s disease, Alzheimer’s, Dystonia, and Chronic depression. Where conventional treatments fails to give desirable outcomes.

The neuroprosthetics market is primarily driven by rising burden of neurological disorders, rapid progression of technology, availability of public & private funds & research grants,  increasing government support, and  new devices approvals. However, reimbursement issues, adverse reaction to the biologically implanted system and high cost of product and therapy hinders the market growth,” state AMR analyst.

Parkinson’s disease emerges as the brightest segment within the application market. It was the maximum revenue generating segment in the year 2013. This can be credited to early commercialization and rising incidences of Parkinson’s disease associated with neural damage.