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Automotive TIC Market Worth $17.2 billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Estimates and Forecasts by Meticulous Research®

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London, June 22, 2020 (GLOBE NEWSWIRE) — According to a new market research report titled, Automotive TIC Market by Service Type (Testing, Inspection, Certification), Sourcing, Supply Chain (Design, Production), Application (VIS, Materials, Components, EVs, Fuels, Lubricants, Homologation, ADAS, Telematics), and Geography– Global Forecast to 2027”, the automotive TIC market is expected to grow at a CAGR of 2.2% from 2020 to 2027 to reach $17.2 billion by 2027.Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4977Automotive testing, inspection, and certification services are performed to check the roadworthiness of a vehicle under different conditions and scenarios. This is a standard procedure performed by government-certified agencies to check whether a vehicle is capable to meet the current safety and performance standards regarding vehicles enacted by the governing bodies of a respective country. Currently, it is widely used by the manufacturers to show that their products are manufactured according to government standardization and regulations. It also helps the manufacturer to improve the marketability of their products. Ensuring safety and reliability in transportation services has become one of the key focus points for companies in the automotive testing, inspection, and certification market.The growth in the overall automotive TIC market is mainly driven by the factors such as growing automobile production in emerging economies, strict regulatory standards imposed by governments on the automotive industry, and consistently growing instances of vehicle recall due to component failure. Furthermore, the growing adoption of electric vehicles, growing awareness among consumers regarding product quality and safety, and incorporation of technological advancements with rising adoption of connected devices in automotive industry are offering growth opportunities for the market players. However, dynamic regulations/standards across different regions and lack of skilled resources can obstruct the growth of this market.Impact of COVID-19 on Automotive TIC MarketThe global economy has been severely impacted by the outbreak of COVID-19 pandemic. The auto industry has seen the impact of the coronavirus crisis evolve from a supply shock to a global demand shock. The uncertain time required for lockdown and supply chain disruptions has baffled industry players to project any possibility of resurgence in the automotive industry. Besides, a severe impact of the COVID-19 has also been observed on the consumer demand for new automobiles, which is expected to severely impact the global automotive industry as well as associated market such as automotive TIC market.According to data published by Autocar India Magazine, the global vehicle sales in March 2020 dipped to just above 5 million units and witnessed a significant drop of 39% compared to sales in March 2019. Top global automotive manufacturing countries including China, the U.S., Germany, the U.K. and India stood still in terms of manufacturing and sales during the first quarter of 2020. The U.S. and China registered double-digit decline in automobile sales; however, Europe witnessed the worst decline in more than 38 years. Combined sales of Europe-27 registered a drop of 52% compared to previous year. The losses made automotive companies fall back years and will certainly take a long time to regain their growth trajectory. However, sales in electric cars, especially in some European countries show positive signs of growth. Electric vehicles including hybrids, plug-ins, and full-electrics recorded a positive growth of 15% and total market share of 17.4% in the European countries. In order to counter the decline in sales, automotive companies are undertaking several measures to revive the market. Efforts such as complimentary services with the purchase of new vehicles, door step services, and insurance benefits are some of the few activities incorporated to attract new customers by several industrial players including Ford, Hyundai, General Motors, and Volkswagen AG, among others. Besides, local governments and organization are also offering incentive programs, tax benefits, and relief packages to mitigate the pandemic impact and rekindle the market to its original growth trajectory. Major automotive producing countries including Japan, South Korea, and India have already announced relief packages for manufacturing sectors including automotive sector. Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=4977The global automotive TIC market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented on the basis of services, location, supply chain services, application, and geography. The study also evaluates industry competitors and analyses the market at a country level.Based on service type, the testing service segment is estimated to command the largest share of the overall automotive TIC market in 2020. The large share of this segment is attributed to the high demand for quality and safety products and strong recommendations from the regulatory authorities to ensure the safety, quality, and efficiency of the products. Besides, continuous investments in R&D activities by service providers to expand their presence and to provide test environment is expected to support the growth of this market segment. However, the inspection services segment is expected to grow at the fastest CAGR during the forecast period. Stringent rules for vehicle inspection to ensure governing safety, emissions, or both and growing consumer awareness about the safety & product quality are supporting the growth of the automotive inspection services market over the forecast period. Moreover, the increasing investment in the automotive inspection services industry by leading players is further expected to encourage the demand for these services.Based on sourcing type, the in-house segment is estimated to command the largest share of the overall automotive TIC market in 2020. Conducting in-house TIC services allow manufacturers to exert higher levels of control by keeping services and personnel under direct control; therefore, in-house services are likely to capture a larger share of the automotive TIC market. In-house services not only lower the risks associated with poor vehicle maintenance, including equipment failure and crashes, but also enable manufacturers to identify the problems instantaneously. However, the outsourcing segment is anticipated to grow with the fastest CAGR during the forecast period. Outsourcing help manufacturers to get access to skilled expertise, focus on core activities, manage the risks effectively, and increase in-house efficiency. Increasing demand for automotive testing, certification, and inspection services is placing a strain on the in-house TIC workforces and processes of companies that are anticipated to drive the fast growth of the outsourcing segment.Based on supply chain service, the operations segment is estimated to account for the largest share of the overall automotive TIC market in 2020. This can be attributed to the wide use of these services in vehicle damage evaluation and tracking after-sale issues to reduce the risks associated with the sale, delivery, and maintenance. However, the design services segment is expected to grow at the highest CAGR during the forecast period. Increasing concern regarding the safety & quality of vehicles is expected to encourage the demand for automotive design services. Besides, the growing adoption of electric vehicles and increasing deployment of connectivity technologies are also supporting the growth of the design services segment in the overall automotive TIC industry.Quick Buy – Automotive TIC Market Research Report: https://www.meticulousresearch.com/buy_now.php?pformat=276&vformat=820Based on application, the vehicle inspection services segment is estimated to account for the largest share of the overall automotive TIC market in 2020, which is primarily attributed to the growing government focus to implement legislation to reduce road accidents and environmental impact of non-compliant vehicles. However, the telematics segment is expected to grow with the fastest CAGR during the forecast period. The growth of this segment is mainly attributed to the increasing demand for fleet telematics, connected vehicle technologies, adoption of wireless communications, and integration of safety features into vehicles. Besides, the increasing government rules and regulations for the safety, security, and tracking of vehicles across the globe is supporting the growth of the automotive TIC services market for telematics.Geographically, the Asia-Pacific region is estimated to command the largest share of the global automotive TIC market in 2020. However, North America is expected to witness rapid growth during the forecast period. North America is one of the largest automotive manufacturing hubs in the world and vehicle production is a crucial constituent of the North American economy. The overall growth of the automotive TIC market in North America is primarily attributed to the easy availability of automotive TIC services, presence of major automotive manufacturers and easy availability of their forthcoming advanced services, consistently rising production of vehicles, and increasing R&D expenditure in automotive industry to improve the R&D labs and manufacturing facilities. Furthermore, the surge in the demand for electric vehicles coupled with favorable government policies as well as rising cases of vehicle recall also contributes to the fastest growth of this market in the North America region over the forecast period. For instance, in 2020, Honda Motor Co. Ltd. announced to recall 2.7 million, including 2.4 million U.S. and 0.3 million Canadian vehicles in North America for potentially defective airbag inflators. Similarly, Ford Motor Company announced to recall 0.3 million North American vehicles over safety concerns.The report also includes extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4-5 years (2016–2020). The automotive TIC market has witnessed number of expansions in recent years. For instance, in February 2019, SGS S.A. has expanded its laboratory testing services at Manesar (Gurgaon), India, to provide airbag testing.The global automotive TIC market is consolidated and dominated by few major players, namely SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), Dekra SE (Germany), TÜV SÜD (Germany), TÜV Rheinland Ag Group (U.S.), DNV GL (Norway), British Standards Institution (BSI) (U.K.), Norges Elektriske Materiellkontroll (NEMKO) (Norway), Eurofins Scientific SE (Luxembourg), Applus+ (Spain), TÜV Nord Group (Germany), Mistras Group (U.S.), Lloyd’s Register Group Limited (U.K.), and Element Materials Technology Ltd.(U.K.), among others.  To gain more insights into the market with a detailed table of content and figures, click here:  https://www.meticulousresearch.com/product/automotive-tic-market-4977/Scope of the Report
Automotive TIC Market by Service Type                            
TestingInspectionCertificationAutomotive TIC Market by Sourcing Type                          In-houseOutsourced          Automotive TIC Market by Supply Chain Services               DesignProductionDistributionSellingOperation                            Automotive TIC Market by Application                 Vehicle Inspection ServicesElectric Components and ElectronicsInterior and Exterior Materials and ComponentsElectric Vehicles, Hybrid Vehicles, and Battery SystemsAutomotive Fuels, Fluids, and LubricantsHomologation TestingAdvanced Driver Assistance Systems (ADAS) TestingDurability TestingOEM TestingTelematicsOthersAutomotive TIC Market by GeographyNorth AmericaU.S.CanadaEuropeUKGermanyFranceItalyRest of EuropeAsia-PacificChinaIndiaJapanRest of Asia-PacificLatin AmericaMiddle East and AfricaDownload Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4977Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research.phpRelated Reports:Automotive Engineering Services Market by Service Type (Concept, Prototyping, Testing), Application (Body Engineering, Powertrain, Infotainment, Chassis, Safety Systems, Electrical, Body Controls, Connected Cars), Vehicle Type – Global Forecast to 2027
https://www.meticulousresearch.com/product/automotive-engineering-services-market-5043/
Automotive Artificial Intelligence (AI) Market by Component (Hardware, Software), Technology (Machine Learning, Computer Vision), Process (Signal Recognition, Image Recognition) and Application (Semi-Autonomous Driving) – Global Forecast to 2027
https://www.meticulousresearch.com/product/automotive-artificial-intelligence-market-4996/
Automotive IoT Market by Platform (Data Management), Component (Sensor, GPS, Bluetooth, Wi-Fi), Data Converter (ADC), Connectivity (Embedded), End User (OEM), Application (ADAS, Fleet Management, Infotainment)– Global Forecast to 2025
https://www.meticulousresearch.com/product/automotive-iot-market-5071/
Automotive Lubricants Market by Product (Engine Oils, Transmission and Hydraulic fluids), Vehicle (Passenger Cars, Two/Three-Wheeler), Type (Mineral Oil, Synthetic, Semi-synthetic Lubricant), Sales Channel (OEM, Aftermarket) – Global Forecast to 2025
https://www.meticulousresearch.com/product/automotive-lubricants-market-5036/
Artificial Intelligence in Supply Chain Market by Component (Platforms, Solutions) Technology (Machine Learning, Computer Vision, Natural Language Processing), Application (Warehouse, Fleet, Inventory Management), and by End User – Global Forecast to 2027
https://www.meticulousresearch.com/product/artificial-intelligence-ai-in-supply-chain-market-5064/
About Meticulous Research®The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details.Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Mr. Khushal Bombe
Meticulous Research®
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Worldwide Smart Retail Industry to 2027 – by Solution, Retail Offering, System, Application & Geography

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Dublin, July 08, 2020 (GLOBE NEWSWIRE) — The “Smart Retail – Global Market Outlook (2018-2027)” report has been added to ResearchAndMarkets.com’s offering.SoftwareHardwareRetail Offerings Covered:Hardlines and Leisure GoodsFast-moving Consumer GoodsApparel and AccessoriesSystems Covered:Smart LabelVisual MarketingIntelligent SystemSmart Payment SystemOther SystemsApplications Covered:Brand ProtectionFoot-traffic MonitoringInventory ManagementLoyalty Management and PaymentPredictive Equipment MaintenanceSmart Fitting RoomRegions Covered:USCanadaMexicoEuropeGermanyUKItalyFranceSpainRest of EuropeAsia PacificJapanChinaIndiaAustraliaNew ZealandSouth KoreaRest of Asia PacificSouth AmericaArgentinaBrazilChileRest of South AmericaMiddle East & AfricaSaudi ArabiaUAEQatarSouth AfricaRest of Middle East & AfricaWhat our report offers:Market share assessments for the regional and country-level segmentsStrategic recommendations for the new entrantsCovers Market data for the years 2017, 2018, 2019, 2023 and 2027Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.Strategic recommendations in key business segments based on the market estimationsCompetitive landscaping mapping the key common trendsCompany profiling with detailed strategies, financials, and recent developmentsSupply chain trends mapping the latest technological advancementsKey Topics Covered:Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
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Causality Link Adds Veteran IBM Natural Language Processing (NLP) Engineer Craig Trim as Senior Software Engineer – NLP

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Salt Lake City, July 08, 2020 (GLOBE NEWSWIRE) — Causality Link, an advanced, artificial intelligence (AI)-driven investment technology provider, today announced the addition of veteran software engineer and natural language processing (NLP) expert Craig Trim as senior software engineer – NLP.Trim joins Causality Link having spent the majority of his 20-year software engineering career with IBM, during which time he contributed to over 200 filed patents. He was most recently a senior managing consultant, leading teams in the inception, creation and deployment of chatbots for top companies in the energy, telecommunications and automotive industries. Joining IBM as an intern in 2000, Trim has since been lead engineer for formal offerings in Watson Group, has led teams developing the auto-generation of knowledge graphs, and has led the design and implementation of large-scale e-commerce sites. In addition to his time at IBM, Trim was chief technology officer for Dristi, a cognitive computing company, where he led research and development to create a first-of-a-kind “Audience OS” and cognitive analytics platform. At Causality Link, Trim will lead efforts to enhance the company’s Research Assistant. This initiative will include increasing the number of data sources ingested, the speed at which the data is processed, the insights garnered from the data and more.“Causality Link is an exciting melding of tried and true technology and cutting-edge innovation that is rare to find and has been instrumental in their success thus far,” said Trim. “I look forward to developing and implementing ways to propel the platform even further to gather more insights from more sources in less time.”“Craig is a true trailblazer in the NLP space,” said Pierre Haren, co-founder and CEO of Causality Link. “During his prolific tenure at IBM, he pioneered the use of NLP in ontology learning to look for relationships between data, which is a critical part of our operation. We are thrilled to bring this inventive thinking to Causality Link as we drive our technology to the next level.”Causality Link’s unique, AI-powered research platform extracts the knowledge contained within millions of documents and other text-based sources to provide investors and analysts with a unique perspective on companies, industries and macroeconomic drivers. By aggregating explicitly stated cause-and-effect relationships between market indicators and company key performance indicators (KPIs), the Causality Link platform provides clients with more significant, longer-lasting, less emotional and more precise insights and forecasts.With the overall aim of improving transparency in financial markets, the Causality Link platform models the forces acting on the markets, leveraging machine learning (ML) and natural language processing (NLP) techniques to weave together the insights and creativity of experts in understanding the causal relationships at work in the financial world. The solution is leading the next wave of AI innovation that leverages technology to combine human knowledge from thousands of authors.About Causality LinkWith its advanced AI-driven research platform, Causality Link helps investment research professionals produce smarter decisions by better understanding the “causal links” between their subjects and various market indicators. Causality Link was formed on the notion that long-term success in AI and Machine Learning requires a balance of human and machine collaboration that leverages the strongest qualities in each. Causality Link’s platform merges explicit expert knowledge of causation – not simply correlation – with the mathematical power of predictive analytics enabling professionals to gain big-picture understanding of the financial markets. Visit www.causalitylink.com to learn more. AttachmentCraig TrimMichael Kingsley
Forefront Communications for Causality Link
212-320-8984
mkingsley@forefrontcomms.com

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FinTech Industry Expert Rates VantagePoint AI Software As “Highly Recommended”

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Legendary FinTech Editor Darrell Jobman Reviews VantagePoint Software in the latest edition of TradersWorld Magazine
Wesley Chapel, Florida, July 08, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — VantagePoint AI software has been reviewed by the legendary Darrell Jobman who declared it “Highly Recommended” in the latest issue of TradersWorld Magazine, the Official Magazine of Technical Analysis.  The recommendation is high praise from the highly-regarded former editor of Commodities Magazine.“VantagePoint features take the job of market forecasting beyond the ability of most humans,” writes Jobman, “[the software] now offers a larger range of U.S. and international stocks, futures and commodities, forex pairs, exchange-traded funds (ETFs) and cryptocurrencies – in time frames that can be customized from three days to 10 years, all based on end-of-day data.”Mr. Jobman’s review is an easy-to-understand overview of the capabilities of the software.  He provides explanations of the various functions within VantagePoint’s interface along with charts to demonstrate how various functions are displayed and can be used.The review is also a good introduction to VantagePoint’s capabilities. It explains how the software uses artificial intelligence to provide independent traders with predictive forecasts up to 72 hours before a market movement or trend change with accuracy up to 87.4% and four points of confirmation.Jobman also writes, “VantagePoint has a long history of providing excellent customer service support and training, too. Applying the software along with training and recouping the cost should not take long.”To read the entire review, visit the Vantagepoint websiteTo see VantagePoint for yourself, attend a free, live, interactive, online training.Vantagepoint AI was the first company in the world to give independent traders the power of artificial intelligence for trading financial markets from their home computers. Since it was founded in 1979, Vantagepoint has been helping traders in over 120 countries find financial freedom.About Vantagepoint AI, LLC.  Vantagepoint AI, creator of VantagePoint Software, is a leader in trading software research and software development forecasting Stocks, Options, Futures, Forex, and ETFs with proven accuracy of up to 87.4%. See it in action!  Vantagepoint’s patented Neural Network processes predict changes in market trend direction up to three days in advance, enabling traders to get in and out of trades at optimal times with confidence. Vantagepoint regularly donates a portion of its revenue to Shriners Hospitals for Children and The Children’s Cancer Center along with its support of local charities.Lisa Moretti
lisam@vantagepointsoftware.com

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