However, lack of skilled personnel, lack of awareness among stakeholders, lack of finance and non-standardized guidelines have served as a key impediment hindering the growth of the market. • Among the EMS types, Industrial Energy Management Systems (IEMS) accounted for the largest share owing to the complexity in fetching and using energy optimally in industrial sector. While, Residential or Home Energy Management Systems (HEMS) are expected to witness the fastest growth rate over the forecast period.

The factors driving growth of the market studied include - the rising demand for miniature electronic devices and increasing adoption of SoC technology across various industries, such as automotive, IoT, and AI. The upcoming trend of EDA toolset with machine learning capabilities also contributes to the growth of the market studied. Significant investments have been made during 2017-2018, which are also aimed at empowering designers for the reduction of the number of errors, thereby saving significant time.

Enterprises across industries are beginning to drive new levels of performance and productivity by deploying different technological innovations, like sensors, and other data producing and collecting devices, along with analysis tools. Traditionally, data management and analysis are being performed in the cloud or data centers. However, the scenario seems to be changing with the increasing penetration of network related technologies and initiatives, such as smart manufacturing, smart cities, etc. • Although the adoption is currently not common, over the forecast period some large enterprises, especially across industries, such as telecom and manufacturing, are expected to use edge computing, especially in relation to IoT. With more than 50 billion connected devices estimated, Huawei predicts that, by 2020, over 50% of data may be analyzed, processed, and stored at the network edge.

Countries, such as the United States, Canada, United Kingdom, Germany, and other European countries held a prominent share in the global cosmeceuticals market. China, India, and Vietnam present considerable growth opportunities for the market players, primarily due to the growing millennial population. Furthermore, rising awareness regarding cosmeceutical and cosmetics products, such as anti-aging, sun care, and hair care products, is expected to drive the growth potential in the near future. The introduction of new products with bio-active ingredients play a crucial role in driving the demand for cosmeceutical products across the world, especially in the Asia-Pacific region.

The increasing demand for collagen as a key ingredient in various applications, such as dietary supplements, food additives (collagen is used in a wide spectrum of applications as a food additives, right from storage stability of confectionery and dairy products, to enhancing process and organoleptic properties of packaged food products), beverages, and meat products, has been driving the collagen market. Growing awareness of consumers regarding personal health, presence of established players, and increased investments in research activities are leading to numerous product launches, both in food and personal care applications, which is expected to drive the growth of the collagen market in Europe.

Consumers demand clean labels on products to gain knowledge about the product that they are about to consume and at what level. Their interest in identifying the ingredients present in the food and beverage products has triggered the growth of the clean-label ingredient market. The demand for natural color is rising at a fast rate, due to the adverse health effects of artificial colorants, specifically in dairy and beverage products. The starch segment holds a significant share in the clean-label ingredient market, as more consumer goods companies are beginning to use simpler starches in their products.

The demand for extra luggage space has increased off late. For family trips and weekend trips, the amount of luggage that the family or the person carries has increased over the years. This is also coupled by the amount of accessories that a luggage requires when a person goes on an adventure trips. Increasing luggage would require the owners to add a roof rack to the car to transport extra luggage. Nowadays, people carry more clobber, go on more holidays, and participate in sports that require more bulky kits than just a football or tennis racquet. Even a couple of mountain bikes carried on a rack can contribute to the rising demand for car racks. All such events demand an extra luggage space, which is more than a conventional boot space.

The energy sector has certain limitations, including high administration and transmission costs mainly, due to the centralized functioning of the sector. As blockchain addresses these issues and decreases the scope for single point failures and increases transparency across the supply chain, the technology is expected to be a noteworthy digital transformation for the sector. The blockchain technology, which has greatly benefitted the financial sector, finds applications in the energy sector predominantly for wholesale energy trading. However, the increasing number of use cases and efforts from the regional blockchain associations are promoting the adoption of the technology for various other applications like smart contracts and digital identification.

Increase in world trade and growth in marine traffic resulted in the transformation of maritime transport. Over the last few years, the use of automatic identification systems(AIS) has witnessed a rapid increase. The concerned government authorities across the world have made considerable investments to integrate the AIS (Automatic Identification Systems) into the ships, to reduce the marine accidents and enhance marine traffic management.

Russia’s food and beverage sector features a medium-to-high level of competition with about 45,000 companies operating in the sector as of October 2018, according to the latest figures provided by the statistics office. The food subsector is more fragmented, with a large number (38,400 enterprises) of both small and large-scale companies. The top 10 companies earned 17% of the subsector’s total sales in 2017. The high fragmentation calls for consolidation and creates opportunities for acquisitions. The beverage subsector is more consolidated, with the top 10 players generating 53% of total sales in 2017. Foreign companies are well-established in the sector, occupying leading market positions. Still, in line with the government’s increasingly protectionist policy, the M&A market is dominated by local players with Russian buyers responsible for nearly 77% of the M&A deals in the 2017-2018 period.