Technavio in the News: January Highlights

As a leading market research company, Technavio is regularly cited in the media. Our research analysts are frequently quoted in a wide variety…

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As a leading market research company, Technavio is regularly cited in the media. Our research analysts are frequently quoted in a wide variety of business publications and trade journals as well.

Here are some press highlights from January?2017, with short excerpts included in each article.

Technavio in the News

Daily Mail:?Sex toys ‘safer to use’ than kids’ toys

The global market for sex products is estimated at about $20 billion a year, according to British marketing research group Technavio.?It is expected to grow by nearly seven per cent per year between 2016 and 2020. Americans and Chinese are among the biggest consumers of sex toys, according to Technavio.

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Forbes: North American Again Will Drive Earnings for Diageo

According to Technavio, the?alcoholic beverage market in the U.S. is projected to reach over $250B by 2020, with the trend of premiumization across product categories continuing to drive growth in the market.

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PYMNTS:?Global Mobile Wallet Market Set For Double-Digit Growth Through 2021

Research and Markets’ assessment of the mobile wallet market meshes with what?Technavio, the research firm, found about the mobile wallet market. Technavio is also forecasting it to grow at a CAGR or more than 35 percent through 2021. According to Technavio, the use of mobile wallets in stores increased rapidly in 2015 and 2016 as operational costs for retailers were lowered, increasing their revenue.

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ETCIO: What insurance industry CIOs predict about insurtech in 2017?

The global insurtech market is expected to grow steadily over the next four years with a CAGR of more than 10% by 2020, according to research firm?Technavio’s recent market research.

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CalvinAyre:?Global Casino Gaming Equipment Market to rise 15.25% in 2021

In its latest report, Technavio predicted a steady rise in the global casino gaming equipment due to the easing of government regulations related to casino markets. It cited the recent development in Japan, wherein the country’s parliament passed a bill legalizing casinos last year.

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Oil Price:?Seismic Industry Still Reeling From Oil Price Bust

As far as the offshore seismic industry is concerned, London-based market research company Technavio has estimated the value of the global offshore oil and gas seismic equipment and acquisitions market at?US$4.5 billion?in 2021, compared to US$3.1 billion for 2016.

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Eye For Travel:?Why taking rail online should be on the 2017 fast track

Research group?Technavio?has estimated the global smart railways systems market to grow at a CAGR of above 27% by 2020. And whatever Asia’s plans, it says that Europe has dominated the global smart railways systems market, accounting for a 32% market share in 2015. According to its report, ‘Europe will continue to dominate the industry during the forecast period as it has the best railway traffic management system’.

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