- Market Research Report
Market Research Report
Rummage your Market in question with Persistence Market Research’s “Next Gen Expertise”
The consumer has always been the king, and now that king is powered by a set of smart solutions that ensure a faster, smarter, and safer shopping experience. The proliferation of smartphone-based shopping, the growing trend of in-store mobile app marketing, and the revolutionary impact of the Internet of Things have come together to foster the culture of smart retail.
The demand for food may be never-ending but is steered by emergent trends nevertheless. The most recent trend in this particularly steady industry is the growing focus on health and wellbeing. Innovative food technology that can not only address the escalating demand for food but also come up with new products, processes, and packaging developments in the food business and balance taste with nutrition is the need of the hour.
There has been a growing trend toward consolidation in the automotive sector, with the output of motor vehicles resting mainly in the hands of a few large companies and smaller independent manufacturers gradually disappearing. At the same time, where the US was once the clear frontrunner in the automotive sector, other countries such as South Korea, Japan, and those in Western Europe have been rapidly emerging as strong contenders. China’s rapid growth in vehicle sales for over a decade has taken a new turn with the introduction and adoption of new energy vehicles (NEVs).
If there is any industry that has been heavily influenced by the growing trend of sustainability and going green, it is the chemicals sector. The shifting consumer preference for greener and smarter products has driven chemicals companies to not just address but even predict the demand for new solutions, materials, and applications. Consumer-driven sustainability stems from the fact that not just developed but even developing economies have been working toward curbing waste and pollution. Also driving the chemicals industry is the explosion of technologies such as collaborative robots, 3D printing, and micro manufacturing or nanomaterials.
A trend that single-handedly fuels the telecommunications sector is digitization; the transformational impact of the mass adoption of connected digital technologies on enterprises, governments, and consumers alike has played a central role in the expansion of almost every telecom company. Exploding data traffic, the proliferation of over-the-top (OTT) content, the trend of service automation, the deployment and development of 4G and 5G networks, and the concept of network function virtualization (NFV) are just a few examples that affirm the advancement of the telecom industry.
Interactive electronic gadgets such as tablets, smartphones, phablets, smart glasses, and smartwatches have become an integral part of consumers’ lives in a way not many saw coming. These devices that power the digital lives of the consumer have emerged owing to a host of forces including the development of apps and software, innovations in product design, the need for improved device interconnectivity, and the unprecedented access to digital media. The advent of smart devices has revolutionized the way people interact, socialize, entertain, and communicate.
Computers and robots have been replacing manual labor in a number of industries since long – be it healthcare or manufacturing. While industrial automation ensures several promising advantages including superior quality and uniformity, greater productivity, increased safety, improved information accuracy, and reduced operating cost, critics of this industrial phenomenon argue that the switch from human to automatic production line is an investment not many are willing to make.
Unprecedented access to a world of information has given rise to the empowered, albeit distrustful, consumer. So is the case with healthcare, where the patient has been rendered more informed and conscientious thanks to the extraordinary penetration of the Internet. The discerning patient now demands more affordable, sophisticated, transparent, and personalized healthcare services, creating the need for new models for care.