Contactless Payment Systems - Industry Analysis & Forecasts (2013-2018)

Contactless Payment Systems:

Contactless Payment Systems are the system that uses radio frequency identification for secure transactions. Contactless payment systems involves the use of credit cards, debit cards, key fobs, smart cards & mobile phones.

 

How it works:

As the name implies for making contactless payment the card does not need to touch the reader. The card includes the chip & antenna which enables the user to wave their cards over a reader.

Contactless Symbol

The users can make the payment using the contactless payment systems if the contactless symbol is available on the front of their card.

Contactless aaceptance symbol

The user can make contactless payment at the places where it displays contactless acceptance symbol. There are many retailers now a days that accepts contactless payments. If the contactless acceptance symbol is present on the reader's system the users can wave their card over the reader to make payment.

Just after the user wave their card over the reader the lights on the reader will illuminate to show that the transaction is successful.

Benefits of contactless payment systems:

Business Benefits 

1. Contactless payment system is faster than chip & PIN systems.
2. There is no charge-backs if the card is lost or stolen
3. Transactions appear automatically on the bank statements
4. As it is faster it helps in reducing the queues so more customers can get served
5. Contactless payment systems has the same secure network as chip & PIN 

Customer Benefits

1.  It is easy to understand & easy to use
2. Customers don't need to worry about signature or PIN
3. Contactless payment systems is more convenient than any other payment systrems
4. Customers don't need to top up their card, the amount available to spend is the same as the balance in their account
5. No need to queue for a long time as contactless payment systems provides faster transactions. 

Contactless payment Industry Forecasts:

MarketsandMarkets forecasts the Contactless Payments market to grow from $4.32 billion in 2013 to $9.88 billion in 2018, at a CAGR of 18% during the forecast period. In terms of regions, APAC is expected to be the biggest market in terms of revenue contribution, while North America (NA) and Latin America (LA) are expected to experience increased market traction, during the forecast period.

For more information visit:
http://www.prweb.com/releases/contactless-payments/market/prweb11511001.htm

Global Social TV Industry Analysis & Forecasts (2012-2017)

What is social TV ?

Social TV enables social interactions among the viewers. Social TV provides a new and a different way of connecting with the people. Social TV makes the use of social media along with the television which helps people to communicate with each other while watching TV show. Also people can discuss about television content by using internet as a medium.

Social TV brings people together to watch television as a community, it  provides an opportunity for deeper engagement with other loyal viewers.A recent study from UK marketing agency Digital Clarity found 80% of under-25s used a second screen to communicate with friends while watching TV and 72% used Twitter, Facebook or a mobile app to comment on shows.

 

Social TV  & Internet TV are same ???

No. There is a difference between the two terms. Internet TV is something which allows a user to watch a video by streaming a content online or by downloading the video. While social TV provides integrated internet capabilities which provides more advanced connectivity than the contemporary basic TV. There is one more term for social TV i.e. smart TV.

"There are six different types of social media: collaborative (Wikipedia), blogs and microblogs (Twitter), content communities (YouTube), Social Networking sites (Facebook), virtual game worlds (World of Warcraft), and virtual social worlds (Second Life). Technologies include blogs, picture-sharing, vlogs, wall-postings, email, instant messaging, music sharing, crowdsourcing, and voice over IP, to name a few. Many of these social media services can be integrated via social network aggregation platforms." Source: Wikipedia, 2010.

Social television relies on the above-mentioned relationships to rebuild TV audiences. Social TV involves the use of social media like Facebook,twitter,YouTube etc. which provides more interactive way to connect with the people.

For more details please visit:

http://www.sbwire.com/press-releases/social-tv-market-expected-to-reach-25644-billion-grow-at-a-cagr-of-112-by-2017-385690.htm 

Social TV Benefits :

• Social TV provides more interactive experience while watching TV. The users can chat with friends,can do comments on their favorite shows  and much more. 

•  The users can give feedback to the service providers also the users can ask for their favorite shows so at the end of the day the users get what they want. 

• Social TV involves the use of social media which helps content producers to get a good idea of what is trending,what is criticized by the viewers,also about the choice of the users from different regions. Using such kind of information the producers will be able to produce the shows that matches with the interest of the audience.

 Social Television Industry forecasts:

The global Social TV market revenue is expected to grow from $151.14 billion in 2012 to $256.44 billion by 2017, at an estimated CAGR of 11.2% from 2012 to 2017.

Europe commanded the largest share of the Social TV industry revenue in 2012 at $55.48 billion; and is expected to reach $77.74 billion by 2017, at a CAGR of 7.0% from 2012 to 2017.

For more information visit :

http://www.prweb.com/releases/social-tv/market/prweb10087766.htm

Enterprise Social Networking Industry Forecasts (2013-2018)

What Is Enterprise Social Networking ?

Enterprise social networking involves the use of  social media, internally and externally to connect with the people having similar business interests.

Employees within an organization can interact with each other to solve any issues by using various social tools. For internal purpose Enterprise Social Networking can make the use of intranet software.

Externally, an organization can make the use of various social platforms like Facebook, twitter, Google+  to communicate with their customers or with the business individuals to improve the business operations.

Impact On Business:

• An average 3% to 5% return on social engagement. The most engaged businesses are reporting a calculated 7.7% business impact. The lowest performers achieved a 1.9% estimated return.
• Enterprise Social Networking helps to improve marketing and sales effectiveness. improved marketing and sales effectiveness are the  top two areas where social engagement has great value  
• Enterprise social networking gives new ideas for products.Many organizations realized big returns either by crowd sourcing new products or letting customers know new products will be derived from future social engagement.
  

Benefits Of Enterprise Social Networking:

1|10

Improve employee engagement

May 27, 2013

In the Microsoft survey, 51 percent of respondents said they would like to be more involved in their companies’ decisions to add tools and technologies. Employees want to feel that they have a voice, that their work is recognized and that they can contribute to the company’s success. Enterprise social can drive higher employee engagement by flattening hierarchies, dissolving organizational silos, giving people a platform for providing value to the company and driving change, offering a forum for recognition, and delivering greater organizational awareness and alignment.

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Build more productive teams

May 27, 2013

Enterprise social empowers teams to be more productive by providing better access to the people and information needed to get projects done. People can collaborate effectively across departments, locations and time zones. Cross-functional teams can self-organize to solve specific problems, and potential contributors can jump in to help. In addition, project knowledge and content remains on the network for future benefit. In the Microsoft survey, nearly half the respondents reported that their productivity increased as a result of social tools, and 42 percent said social tools have led to more collaboration in their workplaces.

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Create a connected organization

May 27, 2013

Harnessing the wisdom of the collective organization has never been more important. Enterprise social helps resolve some of the challenges of working in silos, such as duplication of work and limited access to experts, by allowing employees to “work out loud” on an open, connected platform. By connecting employees, existing systems and business applications, companies can make the most of their people and technical investments. In the Microsoft research, 29 percent of employees reported using social to find an expert or information within their company, while 33 percent use social tools to promote work-related initiatives.

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Win and build customer loyalty

May 27, 2013

Enterprise social tools give teams a competitive edge by connecting them with the information and people they need to engage new customers and win new business. Enterprises can turn customers into loyal advocates by using social tools to reach and inform customers, employees and partners — and hone their marketing strategies. In the Microsoft survey, 48 percent of respondents use social tools today to collaborate and communicate with customers or clients, while 32 percent are using social tools to communicate with vendors.

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Five keys for turning social into success

May 27, 2013

It’s one thing to give employees the green light to use enterprise social tools to connect with one another, but if companies want to drive real business value, they need a focused strategy. The following slides offer five keys to success for getting started with an enterprise social program. Some basic planning can open the door to all the benefits in the previous slides.

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Assess the situation and define a vision

May 27, 2013

Before they can change their culture, businesses need to have a firm grip on where they are starting. Most leaders say they want a more open, collaborative culture, but companies often have organizational structures and policies in place to prevent it. Before jumping into social, leaders need to define what they hope to achieve with it, set realistic timelines and identify pain points that could slow adoption and engagement. Enterprise social is a journey, not a campaign. Starting small with specific projects among specific groups lets people build on successes and learn along the way. Things may not be perfect. It’s best for leaders to adopt the motto of aim, fire, adjust — and view failures as learning opportunities to refine efforts.

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Get executive support

May 27, 2013

Leadership buy-in is critical to weaving social into the fabric of a company. Strong and public leaders in an organization need to set an example by submitting ideas, asking for feedback and experimenting on the social network. Upper management is responsible for driving strategic initiatives, and if employees see executives chiming in on the network, it helps validate the tool and drive engagement. Involving leaders from the outset builds credibility and sends a clear signal to other managers to follow their example. This behavior ripples out to the edges of the organization. IT leaders should also be involved in making decisions about enterprise social because they can deploy social tools throughout the organization and ensure that the necessary privacy, security and identity requirements are in place.

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Start small and map to value

May 27, 2013

Once business leaders have a sense of what’s possible with enterprise social, they can map out how their vision translates to tangible business results.  Small projects and specific teams most easily demonstrate benefits. Projects must align with strategic value, so that leaders can evaluate the benefits and differences of using this type of tool. Businesses can use the anecdotal successes of pilot projects to educate other teams about the benefits of using social. The business benefits at the beginning of this slide show provide a guide for mapping out value: employee engagement, team collaboration, a connected organization and business agility.  A good place to start a pilot is on teams where enterprise social can drive immediate value.

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Determine how to measure success

May 27, 2013

To ensure the long-term benefits of an enterprise social endeavor, businesses need to establish metrics for success. Adoption and engagement are the two most common ways to measure the value of a social network, but as the network evolves, more value and new use cases will emerge. Measuring value in enterprise social is different from traditional “industrial age” standards. Analytics can and should play a significant role in assessing engagement and adoption, but other simple practices also can help monitor success. For example, anecdotal success stories can be shared as they happen. Tagging identifies instances of value inside the social network (tags such as #SocialWin are a good starting point). This is especially important given that a lot of success stories will come as a surprise and may inspire other employees to become involved in the network. While creating metrics for success from the get-go is important, unexpected social wins will occur throughout the journey. One of the great things about enterprise social is that as a network matures, new use cases keep surfacing.

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View social as a journey

May 27, 2013

There is no perfect way to bring social into an organization, but these tips should serve as a guide to overcoming many of the common hurdles. The key is to remain willing to make adjustments along the way and be open to unexpected value. Organizing a launch event allows employees to learn about and engage with the product. The event also will increase visibility of the tool and provide a chance to demonstrate best practices moving forward. And, it’s a great opportunity to showcase executive sponsorship. Once deployed internally, enterprise social tools and technologies can be extended beyond the walls of the organization to customers, partners and vendors. Social tools extend an organization’s value chain, allowing customers and others to connect with the business, just as employees benefit from internal collaboration and engagement.

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Enterprise Social Networking Market Forecasts:

The global Enterprise Social Software industry is forecasted to grow from $ 721.3 million in 2012 to $6.18 billion in 2018. This shows a compound annual growth rate (CAGR) of 44.9% from 2013 to 2018. In the current scenario, High Tech & Telecommunication vertical continues to be largest adopter for ESS solutions. In terms of geographies, North America is expected to be the biggest market in terms of revenue contribution, while APAC is expected to experience increased market traction, in the due course.

For Detailed Report On Enterprise Social Networking Market Visit:

http://www.sbwire.com/press-releases/enterprise-social-networking-market-worth-618-billion-by-2018-at-a-cagr-of-449-219495.htm

Customer Relationship Management- An important factor for developing the business

Customer Relationship Management :

As the name implies customer relationship management means maintaining the relationship with the current or future customers.Customer relationship management includes all the efforts made by an organization to interact with their customers. The interaction may be related to sales or a service.

As per wikipedia: Customer relationship management (CRM) is a model for managing a company’s interactions with current and future customers. It involves using technology to organize, automate, and synchronize sales, marketing, customer service, and technical support.

Characteristics of CRM: 

An effective CRM system can become a main source of revenue for the company. An effective CRM should have the following characteristics :

•  Focus On Customer needs
• Tracks and maintains customer interaction
• Helps in measuring the performance
• Helps in increasing profit for the company
  

Importance Of CRM:

Maintaining relationships with the customers

Maintaining the relationships with the customers is the foundation of CRM. A strong relationship with the customers helps in retaining the customers which ultimately helps in increasing the profits for the company.

   

Client Management

CRM has great importance for managing the clients and formulating strategies accordingly. CRM tool provides more visibility into the client's database which helps in generating the strategies for future business. e.g. if 90% of the customers are in the Banking & finance sector and the rest in the IT sector then the company will hire more candidates from banking & finance background.

For profitability tracking

Through CRM software it becomes easy to track the profit of an organization. It helps in reducing the accounting work.

For improving customer service & for satisfying the needs of the customers

 The main reason behind the CRM is to interact with the customers to mange good relationship with them. To improve the customer service it is essential to get feedback from the customers. An efficient CRM helps in improving the customers service.

CRM Market Forecasts:

Every organization wants to retain its customers from a business point of view. An effective CRM may turn into a prime source of revenue for an organization. Due to its great importance to the business CRM industry is expected to experience high growth in the coming years.  

MarketsandMarkets forecasts the Social CRM Market to grow from $1.91 billion in 2013 to $9.08 billion in 2018. This represents a compound annual growth rate (CAGR) of 36.5% from 2013 to 2018. In terms of regions, North America is expected to be the biggest market in 2013, while Asia-Pacific (APAC) is expected to experience increased market traction in the coming years.

For detailed report visit :

 http://www.prweb.com/releases/customer-relationship/management-market/prweb10843910.htm

Cyber Security - A need to secure your important data

What is Cyber Security ?

Cyber security also referred as information security, it can be defined as providing security to computers, networks, and data from an unauthorized access, change or destruction. Cyber security provides the way for  protecting the information we rely on everyday.

Cyber security has the great importance as it is very essential for the individuals or business organizations to maintain and secure the huge amount of data over the network.Cyber security provides the solution to the problems like cyber attacks.

There are three principles of cyber security :

Availability:

Right kind of information should be available to those who need it.

Integrity:

The information must not be altered from its original state.

Confidentiality:

 Information must not get leaked. Information must get shared with the authorized users only.

Why Cyber Security is so important ?

Governments, military, corporations, financial institutions, hospitals and other businesses requires to maintain huge amount of data and they store a great deal of information on computers and transmit that data across networks to other computers. because of the increasing amount of cyber attacks, ongoing attention becomes essential  to protect sensitive business and personal information, as well as safeguard national security.

Cyber Security Industry Forecasts: 

The cyber security industry is expected to experience high growth in the near future because of its great importance.The global cyber security industry is calculated to grow from $63.7 billion in 2011 to $120.1 billion by 2017, at an estimated CAGR of 11.3% from 2012 to 2017. Companies such as Cisco Systems, Inc. (U.S.), Check Point Software Technologies (Israel), Kaspersky Lab  (Russia), Fortinet, Inc. (U.S.), IBM Corporation (U.S), CA Technologies (U.S.), and McAfee, Inc. (U.S.), and Symantec Corporation (U.S.) are key market players.

The report provides in-depth analysis of various industry verticals such as BFSI (banking & financial services institutions), public sector & utilities, manufacturing, IT & Telecommunication, Healthcare & Life-sciences, Retail & Wholesale Distribution, and others. Also describes the emerging trends in cyber security across geographies.

For more information visit :

http://www.prweb.com/releases/cyber-security-market/technology-solutions/prweb11274244.htm

Global Smart Railways Market Forecasts

The concept of smart railways implies a set of new-generation solutions, services, and modern transportation by using Information and Communication Technologies (ICT). Consumers always look for more efficient and safer transport services. To achieve this it combines software products to make more intelligent use of all rail assets so companies can meet the increasing consumer demand for more efficient and safer services. 

As a result of new trends such as regulation, sustainability, demographics, economics, mobility, and Information Technology (IT) innovations every aspect of the value chain - from passenger service to the back-end organization - is changing.

The future rail industry would get some benefit from smarter transportation systems that leverage technologies over larger rail network infrastructure. New technologies include integrated service management solutions, asset management software, and predictive analytic tools which would help rail management companies to manage optimal routes, schedules. 

challenges for the rail industry:

•  In terms of meeting forecast growth in demand, ensuring cost control and value for money
• Maintaining safety and security in the face of increased external pressures
• Achieving environmental sustainability targets
• Meeting evolving customer expectations and needs

In order to answer all these challenges, railway transportation management companies need to shift their focus on building smart railways infrastructure by developing and integrating smart railways solutions. Smart railway infrastructure services and solutions are poised to catalyze the next phase of growth in the rail transportation industry. Smart railway transportation can drive the transformation of rail networks from a basic means of transport to complex systems that are indispensable to society.

The MarketsandMarkets report outlines the key trends that will shape the evolution of the passenger and freight rail industry. The report is segmented into various smart tech rail solutions, applications, and devices and components. This smart railways research report analyzes global adoption trends, future growth potential, competitive outlook, rail transportation ecosystem, and best practices in this market.

This report speaks about the expected market size for the various software solutions and components involved in the rail infrastructure system. It also highlights the revenue potential of the various professional services, integration services, and cloud services offered by railway solution vendors. The report consists of the opportunity analysis of various types of smart railway solutions such as passenger and freight information system, rail traffic management system, rail operations management system, advance security monitoring system, rail communication and networking system, smart ticketing system, and rail analytics system. The report analyzes market sizes and revenue forecasts across different regions such as North America (NA), Europe (EU), Latin America (LA), Asia Pacific including Japan (APAC), and Middle East and Africa (MEA).

For more information visit:

http://www.prweb.com/releases/smart-railways/market/prweb11412451.htm

Thermal Imaging Market Analysis & Forecasts

Thermal Imaging :

Thermal imaging is a process of improving visibility of objects in a dark environment by detecting the objects' infrared radiation and creating an image based on that information.Thermal imaging is where the photographs or videos are made up of heat signatures rather than light. Through thermal imaging you can see things that would otherwise be hidden or invisible.

How it works:

Every object emits infrared energy i.e. heat as a function of their temperature. The infrared energy emitted by an object is known as its heat signature. In general, the hotter an object is, the more radiation it emits. A thermal imager (also known as a thermal camera) is essentially a heat sensor that is capable of detecting tiny differences in temperature. The device collects the infrared radiation from objects in the scene and creates an electronic image based on information about the temperature differences. Because objects are rarely precisely the same temperature as other objects around them, a thermal camera can detect them and they will appear as distinct in a thermal image. 

Major Forces Driving Thermal Imaging Market :

• Growing horizontal adoption, price reduction, low environmental impact and Original Equipment Manufacturers (OEMs) differentiation
• Emergence of integrated solutions such as within Closed Circuit Television (CCTV) cameras, auto motives, smart phones and many others wherein thermal imaging can be leveraged
• The increase in use of thermal imagers across a range of commercial applications in all regions of the world has been identified as one of the major factors behind continual increase in thermal imaging market size.

Thermal Imaging Market Forecasts:

The thermal imaging market is estimated to grow from $3.49 billion in 2013 to $5.84 billion by 2018. This shows a Compound Annual Growth Rate (CAGR) of 10.9% from 2013 to 2018. The surveillance segment continues to be the largest contributor for thermal imaging. In terms of regions, NA is expected to be the biggest market in terms of revenue contribution in 2013, whereas Europe and APAC are expected to experience increased market traction, in due course.

For more information visit:

http://www.prweb.com/releases/thermal-imaging/market/prweb11632311.htm