Printed Electronics Market Size to Reach $19.15 Billion By 2025|Top Industry Players BASF SE, DuPont

The global printed electronics market is projected to reach USD 19.15 billion by 2025, according to a new report by Grand View Research, Inc. The surging demand for the flexible electronics at low manufacturing costs and the need for eco-friendly technologies is paving the way for increased adoption of the technology.

Additionally, the increasing penetration of IoT worldwide is proving to be a prime factor in pulling the printed electronics market over the forecast period. The continuously growing demand for IoT in the telecommunication industry for enhancing the network and optimizing the performance along with operations is expected to propel the application of technology over the forecast period.

Numerous technological advancements and developments have led to the evolution of various electronic gadgets and instruments. The growing awareness and user-friendly technologies are leading to the early adoption of these innovative products significantly.

Competent players of the industry are investing largely on the related R&D activities in order to enrich the product portfolios and establish their presence in the market. Eventually, adoption of the efficient and reliable technologies such as printed electronics has turned out to be a necessity for the manufacturers across the globe. Therefore, the printed electronics is anticipated to seek a notable attention across the consumer electronic sector over the forecast period.

The printed electronics market is categorized based on the materials needed, technologies, and the devices holding a major application over the forecast period. The Asia Pacific region contributes to the major demand of the conductive inks and is expected to hold the grip over the estimated time. This demand can be accredited to the increased production of consumer electronics across the regional countries.

However, the North America and European countries such as UK, Germany, and Norway includes various organizations and associations involved in the promoting and investing in R&D for developing the printed electronics technology. Furthermore, the Asia Pacific region is also expected to witness heavy demand which has led the companies to invest heavily for enhancing the ink quality, reliability, and other conductive properties.

The characteristic features of the inkjet technology such as less ink consumption and material wastage, flexibility, compactness, and less initial investment is leading the technology to experience a noteworthy swift over the estimated period. Furthermore, printed electronic RFID devices is another segment to observe a remarkable rise over the forecast period owing to the demanding application in the packaging sector. Hence, impacting positively for strengthening the global printed electronics market across the globe.

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Further key findings from the report suggest:

• The printed electronics market growth can be accredited to the increasing adoption of the inkjet technology, the growing display and printed RFID devices segments.
• The increasing awareness regarding the conservation of natural resources is leading to the adoption of eco-friendly alternatives, such as the adoption of photovoltaic devices which is further attributing the technology growth.
• Conductive inks and the screen printing technology are the two segments dominating the overall printed electronics market constituting the major share.
• Various organizations and associations are promoting the printed electronics technology in the European countries such as Germany and UK, constituting for a considerable share in 2015.
• The key industry participants include Enfucell Oy, GSI Technologies, NovaCentrix, and T-Ink, Inc. The major enhancement strategies followed by the competent players include signing partnerships or distribution agreements, mergers, and acquisitions along with enriching their portfolios by undertaking continuous R&D.

Grand View Research has segmented the global printed electronics market on the basis of material, technology, device, and region:

Printed Electronics Material Outlook (Revenue, USD Million, 2014 - 2025)

• Ink
• Substrate

Printed Electronics Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Inkjet
• Screen
• Gravure
• Flexographic

Printed Electronics Device Outlook (Revenue, USD Million, 2014 - 2025)

• Display
• Photovoltaic
• Lighting
• RFID
• Others

Printed Electronics Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

North America Coaxial Cable Market Estimated to Reach USD 3,482.3 Million by 2020

The North American coaxial cable market is expected to reach USD 3,482.3 million by 2020, according to a new study by Grand View Research, Inc. Increased spending on telecom and IT, low installation/setup cost coupled with advancement in technology is expected to be the key market driver over the forecast period. The presence of a large number of internet service providers in this region is expected to spur demand across end-use application markets.

High demand for coaxial cables, owing to high investment in broadcasting and broadband sectors so as to enhance communication infrastructure, is also expected to serve as a driver to the market over the next six years. Furthermore, attractive FDI policies and low trade barriers across Canada and Mexico have led to rise in investments in this market. However, high price and threat from substitutes such as fiber optic cables, which are used widely in LANs, may restrain the industry growth over the next few years. Initiatives to extend distribution channels so as to serve potential rural markets and issuing of DOCSIS 3.1 are expected to be an opportunity for industry participants.

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Further key findings from the study suggest:

• RF transfer application segment is expected to continue dominating the market, and accounted for over 60% of the overall market share in 2013. This is mainly because of its effectiveness in providing maximum channel bandwidth and low installation cost. Video distribution is expected to grow at the fastest CAGR of 7.3% from 2014 to 2020. Telecom and IT industry is expected to remain the key application area owing to increased investments in these sectors.
• In terms of end-use, system integrators are expected to grow at a fastest CAGR of 8.2% from 2014 to 2020, owing to the need for enhancing communication infrastructure.
• The U.S. is expected to dominate the market over the forecast period, accounting for over 50% of the market in 2013. Further, it is expected to grow at a CAGR of 6.6% from 2014 to 2020, owing to the presence of key industry participants in the region.
• Companies operating in the market include Amphenol Corporation, Belden Inc, General Cable Corporation, LS Cable & System, Coleman Cable Inc, TE Connectivity Ltd, Alpha Wire, L-Com North America Connectivity etc. The market is consolidated in nature, and characterized by low installation cost and ease of use. Initiatives to extend distribution channel in rural markets is expected to remain the key growth strategy over the forecast period.

Grand View Research has segmented the North America coaxial cable market on the basis of application, end-use and region:

North America Coaxial Cable Application Outlook (Revenue, USD Million, 2012 - 2020)

• Video Distribution
• Radio Frequency Transfer
• Internet Data Transfer

North America Coaxial Cable End-Use Outlook (Revenue, USD Million, 2012 - 2020)

• CATV Companies
• System Integrators
• Military & Aerospace
• Telephone Service Providers
• Internet Service Providers
• Construction Industry
• Others

North America Coaxial Cable Regional Outlook (Revenue, USD Million, 2012 - 2020)

• US.
• Canada
• Mexico

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Software Defined Networking Market to reach USD 70.41 Billion by 2024

The Report Software Defined Networking (SDN) Market Size & Analysis By End-Use, By Service, By Solution (Physical Network Infrastructure, Virtualization/Control Software, and SDN Application), By Application, By Region, And Segment Forecasts, 2018 - 2024

The global SDN market is estimated to reach USD 70.41 billion by 2024, according to a new report by Grand View Research, Inc. Software defined networking has witnessed a surge in its popularity in the recent years and rightly so owing to the myriad benefits it offers over the existing legacy infrastructure. The SDN solutions provide centralized control and operational capabilities, which help the network administrators and engineers to respond quickly and efficiently. The SDN architecture comprises different tools and techniques, such as the controller, switches forwarding, and backplanes, among others, that make the systems more agile and flexible.

SDN acts as a bridge between the applications and routers and switches to relay information and data between them. As they provide a virtualized view of the network and storage, the SDN solutions help in deploying applications and services at a fast pace. The demand for SD solutions is anticipated to be on the rise as there is a growing necessity for the increasing operability and bandwidth of the carrier networks for service providers as well as large enterprises. The increasing data traffic due to increased mobile devices, social media cloud computing, and even Internet of Things (IoT) is expected to propel the data traffic in the coming years, which will create a steep demand for enhanced networks.

The CapEX and OpEX reduction afforded by the software defined networks, coupled with the pay-as-you-grow model, is helping the demand growth. The increasing applicability in the data center infrastructures and campus networks, as well as the presence of open source automation tools such as OpenStack, will fuel the market growth in the coming years. SD-WAN and convergence of SDN, NFV, and OpenFlow are the upcoming trends to watch for that may shape the developing industry.

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Further key findings from the report suggest:

• Software defined networking is anticipated to find Wide Area Networks (WAN) as the major use case in the coming years. Not only has SD-WAN been in the limelight of the SDN vendors for a long period now but the industry is also ripe for the adoption of the software defined WAN for enterprises which are looking to replace the existing MPLS systems that had been de facto for most major organizations.
• The industry is dotted by some major players including VMware, Alcatel-Lucent (Nokia), International Business Machines, Cisco Systems, and Juniper. Other prominent industry players are Plexxi, NEC Corporation, Google Inc., Huawei Corp., Hewlett-Packard, Brocade Communication Systems, Big Switch Networks, and AT&T, among others. The emergence of new companies that cater to specific niche clients or provide capabilities targeting particular functionalities is also on the rise.
• The new product development, industry players’ concentration on research and development activities, and developing cost effective products for a differential industry are the major strategic plans adopted by the industry players. Also, there has been an increasing focus on the partnership and collaborations in the industry. For example, in March 2015, Brocade announced that it had completed the acquisition of the SteelApp business unit from Riverbed Technology. The SteelApp product line helped the Brocade data center deployments and enhanced the Vyatta Platform offering for the NFV and SDN solutions.

Grand View Research has segmented the global software defined networking (SDN) market on the basis of end use, services, solutions, application, and region:

Software Defined Networking End Use Outlook (Revenue, USD Million; 2014 - 2024)

• Enterprise
• Telecommunication Service Providers
• Cloud Services Provides

Software Defined Networking Services Outlook (Revenue, USD Million; 2014 - 2024)

• Integration and Deployment
• Training and Maintenance
• Managed Services

Software Defined Networking Solutions Outlook (Revenue, USD Million; 2014 - 2024)

• Physical Network Infrastructure
• Virtualization/Control Software
• SDN Application

Software Defined Networking Application Outlook (Revenue, USD Million; 2014 - 2024)

• BFSI
• IT & Telecom
• Consumer Goods
• Government and Defense
• Healthcare
• Others

Software Defined Networking Market Regional Outlook (Revenue, USD Million; 2014 - 2024)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Embedded Systems Market to Reflect a Significant CAGR of 6.3% from 2014 to 2020

The Report Embedded System Market Analysis By Product (Hardware, Software), By Application (Automotive, Telecommunication, Healthcare, Industrial, Consumer Electronics, Military & Aerospace) And Segment Forecasts To 2020

The global embedded systems market is expected to reach USD 214.39 billion by 2020, according to a new study by Grand View Research, Inc. Favorable regulatory scenario for installation of smart devices such as smart meters is expected to drive global embedded system demand over the forecast period. Growing adoption and evolution of the Internet of Things (IoT) driven by technological advancement is also expected to fuel the industry over the next six years.

Increasing demand for end-use industries such as healthcare and consumer electronics is expected to positively impact the embedded systems market. Key requirements for an efficient embedded system include high degree of reliability and responsiveness as well as low cost, since these devices are embedded in safety critical systems. Decreasing prices of microcontrollers, which are a key component of embedded hardware, is expected to give impetus to the market in the coming years.

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Further key findings from the study suggest:

• Embedded hardware is expected to remain the dominant product segment and accounted for 93.8% of the global market in 2013. It includes Digital Signal Processors (DSP), microprocessors as well as microcontrollers. Embedded software is expected to grow at the fastest rate of 8.1% from 2014 to 2020.
• Automotive is expected to continue leading the global market; the segment accounted for 20.8% of the overall market share in 2013. This can be attributed to the high electronic content in automotives coupled with growing focus on Hybrid Electric Vehicles (HEV) for energy efficiency. The market for healthcare applications is expected to be the fastest growing, at a CAGR of 7.1% from 2014 to 2020.
• North America accounted for over 34% of the global market in 2013, and is expected to remain the largest regional market over the next six years. The market in Asia Pacific is marked by the presence of semiconductor fabrication plants such as the Taiwan Semiconductor Manufacturing Company (TMSC); the region also comprises a significant number of skilled professionals. As a result, the market in this region is expected to grow at a CAGR of 6.7% from 2014 to 2020, faster than the global average.
• Companies operating in the global embedded systems market offer embedded software development as well as hardware such as microcontrollers and microprocessors. Key industry participants include Renesas Electronics, Intel Corporation, Freescale Semiconductor, Infineon Technologies, Atmel Corporation and Samsung Electronics among others.

Grand View Research has segmented the global embedded systems market on the basis of product, application and region:

Embedded Systems Product Outlook (Revenue, USD Billion, 2012 - 2020)

• Embedded Hardware
• Embedded Software

Embedded Systems Application Outlook (Revenue, USD Billion, 2012 - 2020)

• Automotive
• Consumer Electronics
• Healthcare
• Industrial
• Military and Aerospace
• Telecommunication
• Others

Embedded Systems Regional Outlook (Revenue, USD Billion, 2012 - 2020)

• North America
• Europe
• Asia Pacific
• RoW

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Field Programmable Gate Array Market is Expected to Grow at Significant Rate by 2027

The global field programmable gate array market size is anticipated to reach USD 18.8 billion by 2027, registering a CAGR of 9.7% over the forecast period, according to a new report by Grand View Research, Inc. The increased adoption of field programmable gate array (FPGA) across networking, data center, and Internet of Things (IoT) is projected to drive the industry growth over the forecast period.

Growing application of the FPGAs in the aerospace and military sector to develop drone systems for flight control, sensor interfacing, and image processing is driving the industry growth. Flash-based field programmable gate arrays are resistant to radiation-induced configuration shocks and also offer efficient functionality at high altitudes. The flash segment is anticipated to witness a substantial growth over the forecast period, owing to their abilities of consuming less power and delivering security, safety, and reliability throughout the design and deployment process.

Companies are largely seen to be leveraging the power of field programmable gate arrays to develop Artificial Intelligence (AI) based solutions for automotive applications. For instance, in June 2018, Xilinx, Inc. collaborated with Daimler AG to help the deep learning professionals from the Mercedes-Benz R&D centers for developing AI algorithms on the Xilinx adaptable acceleration platform. The automotive segment is likely to fully exploit the capacities of the FPGAs for deploying neural networks for intelligent vehicle systems and optimizing battery management, power conversions, and electric motor control systems of the Electric Vehicles (EV) and Hybrid-Electric Vehicles (HEV).

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Field Programmable Gate Array Market Report Highlights

• The FPGA market is anticipated to witness a noteworthy growth over the forecast period owing to increased usage of FPGAs in EVs, vehicle networking and connectivity, self-driving cars, and automotive infotainment.
• The SRAM technology segment is expected to witness significant growth over the forecast period owing to its features including greater logic density, better performance, non-volatility, and its manufacturing simplicity.
• The FPGAs used in the consumer electronics sector generated a revenue of over USD 1.0 billion in the year 2019, due to growing adoption of digital displays, televisions, cameras and camcorders, eReaders, and set-top boxesfor households.
• The Asia Pacific region is expected to witness a substantial growth from 2020 to 2027 due to increase in sale of consumer electronics, especially smartphones, in countries like China and India, and growing number of data centers in the region.
• Xilinx, Inc.; Intel Corporation, Microsemi Corporation; Texas Instruments; Lattice Semiconductor Corporation; and Taiwan Semiconductor Manufacturing Company are some of the key players in the FPGA market.

Field Programmable Gate Array Market Segmentation

Grand View Research has segmented the global field programmable gate array market on the basis of technology, application, and region:

FPGA Technology Outlook (Revenue, USD Million, 2016 - 2027)

• SRAM
• EEPROM
• Antifuse
• Flash
• Others

FPGA Application Outlook (Revenue, USD Million, 2016 - 2027)

• Consumer Electronics
• Automotive
• Industrial
• Data Processing
• Military & Aerospace
• Telecom
• Others

FPGA Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• South America
  • Brazil
• Middle East & Africa

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Power Transformer Market Predicted to Witness Steady Growth During the Forecast Period

The global power transformer market size is expected to reach USD 28.22 billion by 2020, according to a new report by Grand View Research, Inc. Emerging technological advancements along with rising electricity consumption are projected to elevate industry growth over the next five years. Huge investment in power plant infrastructure coupled with increasing demand for smart meters is projected to positively impact demand. Further, several government initiatives for modernizing the existing grids combined with installation of technologically advanced systems is anticipated to drive power transformer market growth.

Increasing awareness regarding low carbon emission due to service expansions in resource-based industries is anticipated to offer prominent growth opportunities for the industry. Advanced features offered by eco-friendly devices are projected to replace traditional transformers, which are not compatible with current technical and environmental requirements. However, pricing pressure on manufacturing companies coupled with fluctuating raw material prices are expected to hamper growth.

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The power transformer market can be classified on the basis of products into 100 MVA to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA. Increased usage of 100 MVA to 500 MVA products in transmission and distribution network for step-up and step-down application is expected to drive global demand. High capacity product demand in the Middle East and Asia Pacific is estimated to drive revenue.

Asia Pacific is expected to dominate the industry owing to factors such as economic, industrial and social development in the countries such as China and India. Asia Pacific power transformer market is anticipated to grow at a CAGR of over 6.0% from 2014 to 2020. Replacement of aging power infrastructure in North America and Europe is estimated to boost volume sales in these regions. Further, various initiatives undertaken by European nations in order to deploy green transformers are projected to positively impact demand.

Notable players in the industry include GE Co., Alstom SA, Crompton Greaves Ltd, Toshiba Corp., Siemens AG, ABB Ltd, Hyundai Heavy Industries Co. China XD Electric, TBA Co Ltd, and Mitsubishi Electric Co. Companies operating in the power transformer market have to comply with varied regulations related to performance, environment and efficiency.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Power Banks Market Anticipated To Expand at a CAGR of 18.4% Over The Forecast Period

The global power bank market size is anticipated to reach USD 27.8 billion by 2027, according to a new report by Grand View Research., registering a CAGR of 18.4% from 2020 to 2027. Currently, power bank is considered as an essential mobile accessory. The increasing demand for power banks has led to a reduction in their prices. Furthermore, high competition in the market reduces the total cost of ownership of the power bank. Increasing use of internet and insufficient battery capacity of smartphones and other mobile consumer electronic products are the key factors driving the growth in sales of power banks globally.

Increase in GDP, higher consumer purchasing power, and improved standard of living are propelling the growth of the electronics market. The demand for power banks has increased owing to the low battery capacity of smartphones and tablets. Power banks with 8,001 mAh–20,000 mAh battery capacity are expected to gain high traction in the power bank market owing to the capacity of a power bank to charge a device multiple times.

The Asia Pacific region dominated the global market in terms of revenue in 2019. Growing population, developments in digitization, increasing affordability of the product, and rising penetration of e-commerce in the electronics industry drive the product adoption across the region. The regional market is expected to witness a significant gain in revenue share over the forecast period owing to its large population and high demand for e-commerce across various industries of the region.

For the past decade, smartphones have ruled the market due to technological advancements and user-friendly models. Smartphones are frequently used for social media, ordering food, mobile banking, online shopping, and other activities. This has resulted in the frequent consumption of data, which drains the battery of smartphones, thereby driving the demand for power banks. On the other hand, improvement of batteries in smartphones and other consumer electronic devices would prove to be a key restraint for the market. Leading smartphone companies are continually working on improving battery life, and it is estimated that battery capacity improves by around 5% per year.

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Further key findings from the report suggest:

• The online distribution channel segment is expected to witness substantial growth over the forecast period owing to the increasing penetration of e-commerce
• The electric segment accounted for the largest power bank market share in 2019. However, the solar segment is expected to register the highest CAGR from 2020 to 2027 owing to the increasing demand for energy-efficient solutions
• Online retailing plays a significant role in driving the product demand with convenient options such as cash on delivery and tariff concessions
• On the basis of battery type, lithium-ion batteries are expected to retain their leading position through the forecast period. Lithium-ion batteries have high energy density and reduce greenhouse gas emissions
• US., China, Japan, India, and Mexico are expected to witness considerable growth over the forecast period owing to robust industrial development and extensive urbanization
• Key players in the market include Beijing Xiaomi Technology Co. Ltd.; Lenovo Group Ltd.; Microsoft Corporation; Panasonic Corporation; Sony Corporation; AsusTeK Computer Inc.; Anker Technology Co.; Intex Technologies; and Ambrane India Private Limited.

Grand View Research has segmented the global power bank market on the basis of capacity range, distribution channel, battery type, energy source, and region:

Power Bank Capacity Range Outlook (Revenue, USD Billion, 2016 - 2027)

• Up to 3,000 mAh
• 3,001 mAh-8,000 mAh,
• 8,001 mAh-20,000 mAh
• Above 20,000 mAh

Power Bank Energy Source Outlook (Revenue, USD Billion, 2016 - 2027)

• Electric
• Solar

Power Bank Battery Type Outlook (Revenue, USD Billion, 2016 - 2027)

• Lithium-ion
• Lithium Polymer

Power Bank Distribution Channel Outlook (Revenue, USD Billion, 2016 - 2027)

• E-commerce
• Brick and Mortar

Power Bank Regional Outlook (Revenue, USD Billion, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
• South America
  • Brazil
• Middle East & Africa (MEA)

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Skin Antiseptic Product Market To Benefit from Increased Global Uptake of 2026

The global skin antiseptic products market size is expected to reach USD 326.75 million by 2026 registering a CAGR of 6.9%, according to a new report by Grand View Research, Inc. Rising incidences of Hospital-Acquired Infections (HAIs) and increasing usage of surgical units and endoscope reprocesses are the key driving factors for the market. Rising number of surgeries being performed is also expected to drive the market over the forecast period. According to the Agency for Healthcare Research and Quality (AHRQ), 17.2 million hospital visits included surgical procedures in U.S. in 2014.

Demand for alcohol antiseptics for pre-injection and pre-operative skin preparations is increasing significantly. In addition, alcohol antiseptics are being used as a base along with various formulations, such as iodine and chlorhexidine. Exceptional properties of alcohol-based antiseptics for surgical purpose is driving the market. Growing awareness regarding the benefits of skin antiseptic products and increasing R&D funding are creating opportunities for market entrants. Moreover, various programs being conducted by manufacturers and governments regarding to boost the awareness about the importance of using skin antiseptic products is also expected to contribute significantly to the skin antiseptic product market growth.

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Further key findings from the study suggest:

• North America led the global market in 2018 and is anticipated to maintain its position throughout the forecast years owing to rise in number of surgeries being performed and presence of key companies in the region
• Octenidine is anticipated to be the fastest-growing formulation segment over the forecast period. Octenidine is an internal substitute for chlorhexidine and iodine
• Injection segment led the market in 2018 owing to rise in incidence of spinal injuries and usage of skin antiseptic products for pre-injection skin preparation
• Wipes segment is expected to witness the fastest growth over the forecast period as wipes are easy use and possess lesser risk of contamination
• Key companies in the skin antiseptic product market are BD, 3M, Ecolab, Schülke & Mayr GmbH, Sage Products LLC, Johnson & Johnson, and B. Braun Melsungen AG

Grand View Research has segmented the global skin antiseptic product market on the basis of formulations, type, application, and region:

Skin Antiseptic Products Formulations Outlook (Revenue, USD Million, 2015 - 2026)

• Alcohols
• Chlorhexidine
• Iodine
• Octenidine
• Others

Skin Antiseptic Products Skin AntisepticProducts Type Outlook (Revenue, USD Million, 2015 - 2026)

• Solutions
• Swab Sticks
• Wipes

Skin Antiseptic Products Application Outlook (Revenue, USD Million, 2015 - 2026)

• Surgeries
  • Spinal
  • Joint
  • Other
• Injections
  • Spinal
  • Joint
  • Other

Skin Antiseptic Products Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Medical Imaging Phantom Market Industry Analysis , Opportunity Assessment And Forecast Till 2027

The global medical imaging phantoms market size is anticipated to reach USD 212.4 million by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 5.2% from 2020 to 2027. Diagnostic radiology is widely adopted for precision diagnosis of brain injuries, cancer, and other diseases. In addition, computed tomography (CT) scan and magnetic resonance imaging (MRI) are widely used techniques. These phantoms help in enhancing the efficiency of these imaging devices by helping medical experts in detecting, interpreting, analyzing, and evaluating information required for treatments. Therefore, the increasing adoption of these devices for the diagnosis of severe diseases is expected to drive the market growth.

Effective reimbursement scenario of medical imaging and growing competition to provide advanced technologies are a few factors driving the adoption of the product. Moreover, growing participation of key players in various radiology conferences is expected to drive the adoption of these devices and their respective phantoms. Increasing number of preclinical studies to understand the effectiveness of these phantoms for hybrid imaging devices is expected to expand the growth potential in the coming years.

Introduction of advanced materials and production techniques are some of the major factors expected to strengthen the applications of these phantoms for specific diseases. Introduction of advanced simulating phantoms is anticipated to provide deep insights on actual dynamics at a cellular level, thus enhancing the precision in diagnostics.

These devices have various associated advantages, which is a key factor driving the market growth. For instance, realistic medical imaging phantoms of organs and tissues are being developed using 3D technology to enhance the performance of medical imaging devices. This, in turn, is expected to drive the medical imaging phantom market growth over the forecast period.

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Further key findings from the report suggest:

• X-ray phantoms held the largest market share in 2019 mainly due to the growing number of x-ray units launches in various countries
• Nuclear imaging phantoms is projected to register the highest CAGR over the forecast period owing to the growing adoption of nuclear medicine. In addition, increasingly advanced and safer radionuclides and high accuracy of nuclear imaging modality are some factors contributing toward the segment growth
• Hospitals dominated the market in 2019 owing to significant number of favorable government initiatives to improve the quality of treatment offered to patients and the steep rise in medical reimbursement policies
• The academic and research institutes segment is expected to witness a steady growth from 2020 to 2027 owing to high product demand for educational purposes for providing efficient training regarding the usage of these phantoms
• North America held the largest share in 2019 owing to the high adoption of advanced medical products, increasing government expenditure for research activities, and growing number of product launches in the region
• The major players present in the medical imaging phantommarket include Biodex Medical Systems, Inc.; Modus Medical Devices Inc.; Carville Limited; PTW Freiburg GmbH; Dielectric Corporation; Quart GmbH; Kyoto Kagaku Co. Ltd; and Leeds Test Objects Ltd.

Grand View Research has segmented the global medical imaging phantom market on the basis of device type, end use, material, and region:

Medical Imaging Phantom Device Type Outlook (Volume, ’000; Revenue, USD Million, 2016 - 2027)

• X-ray
• Ultrasound
• CT
• MRI
• Nuclear Imaging
• Others

Medical Imaging Phantom End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Hospitals
• Academic and Research Institutes
• Diagnostic and Reference Laboratories
• Medical Device Companies

Medical Imaging Phantom Material Outlook (Volume, ’000 Units; Revenue, USD Million, 2016 - 2027)

• Simulating Devices
  • X-ray
  • Ultrasound
  • CT
  • MRI
  • Nuclear Imaging
  • Others
• False Organs
  • X-ray
  • Ultrasound
  • CT
  • MRI
  • Nuclear Imaging
  • Others

Medical Imaging Phantom Regional Outlook (Volume, ’000 Units; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Switzerland
  • Turkey
  • Poland
• Asia Pacific
  • China
  • Japan
  • India
  • Thailand
  • South Korea
  • Indonesia
  • Taiwan
  • Hong Kong
  • Philippines
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Empty IV Bags Market Poised to Expand at a Robust Pace Over 2026

The empty IV bags market size is expected to reach USD 5.6 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.1%. Rising incidence of cancer, favorable government initiatives related to non-PVC IV bags, and growing risk of malnutrition across the globe are the key driving factors for the market.

Government agencies of various countries are taking several steps to reduce usage of phthalate IV bags wherever possible without compromising on patient safety. For instance, Denmark introduced a national ban on Di-(2-ethylhexyl) phthalate (DEHP), Dibutyl Phthalate (DBP), Dibp Plasticizer (DIBP), and Butyl Benzyl Phthalate (BBP) under its national phthalate strategy, which was initially set for December 2013 and was later postponed to 2015. The Danish Health and Medicines Authority (DHMA) announced certain set of guidelines pertaining to usage of particular types of phthalates in medical devices. The aim of these initiatives was to ensure continued reduction in the use of classified phthalates in medical devices. Similarly, in May 2006, the Federal Institute for Drugs and Medical Devices, Germany, issued a recommendation for hospitals to minimize or avoid use of DEHP-containing medical devices for specific population groups, such as premature babies, infants, children, adolescents, pregnant women, and nursing mothers. The recommendation necessitates manufacturers to produce alternative products that are PVC-free and nontoxic.

Malnutrition is one of the major drivers of the market. According to the UNICEF, poor nutrition in the first 1,000 days of an infant’s life may lead to stunted growth and impaired cognitive ability. An infant’s diet must contain a proper balance of starch, minerals, vitamins, amino acids, and lipids. These essential nutrients can be administered, if need be, through parenteral route, which is expected aid growth.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/empty-iv-bags-market

Further key findings from the report suggest:

• In terms of revenue, non-PVC empty IV bags segment held the largest share in 2018 owing to the environment-friendliness of non-PVC
• The demand for multi-chambered bags is expected to increase due to presence of separate storage for different components
• Under the type segment, single chambered empty IV bags held the largest share in 2018
• Asia Pacific is expected to witness the fastest growth over the forecast period, owing to growing malnutrition in the region
• Some prominent players in empty IV bags market are Technoflex, Wipak Group, Baxter, and ICU Medical, Inc.

Grand View Research has segmented the empty IV bags market on the basis of product, type, and region:

Empty IV Bags Product Outlook (Revenue, USD Million, 2015 - 2026)

• PVC Empty IV Bags
• Non PVC Empty IV Bags
  • Polypropylene
  • Copolyester ether
  • Ethylene-vinyl acetate
  • Others

Empty IV Bags Type Outlook (Revenue, USD Million, 2015 - 2026)

• Single Chamber
• Multi Chamber

Empty IV Bags Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Netherlands
  • Spain
  • Sweden
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Digital Health Market Size Is Expected To Reach USD 509.2 Billion by 2025

The global digital health market size is expected to reach USD 509.2 billion by 2025, expanding at a CAGR of 27.7% over the forecast period, according to a new report by Grand View Research, Inc. Growing adoption of mHealth technologies by physicians to prescribe for self-management of chronic illness, such as diabetes, has propelled the growth of the market. For instance, Glooko is specifically used for management of diabetes. Availability of such apps in smartphones makes it easier for healthcare professionals to access patient information and diagnose diseases. Furthermore, increase in penetration of smartphones and internet connectivity are the key factors driving the market.

Growing need for improving workflow efficiency in hospitals and other healthcare centers is propelling the demand for mHealth services in healthcare administration. For instance, Results SMS in Uganda is an open source SMS-based platform providing appointment reminders. It gives appointment reminders as SMS to patients. In addition, mHealth services are disseminating essential medical information to healthcare professionals, which, in turn, is driving their adoption in healthcare communities as these help in training, updating, and educating about diagnosis and treatment.

Additionally, increasing pressure from the governments to reduce cost and rising demand for improved patient care are resulting in an increase in the demand for electronic health record (EHR) system. Recent advancements in EHR technology with the inclusion of interoperability, mobile, cloud, and big data are propelling the demand for advanced EHRs in the market. Companies are increasingly investing in developing innovative technologies in EHRs, which, in turn, is expected to boost demand in the market. For instance, in 2018, Allscripts launched Avenel, which is a mobile-first, cloud based EHR that uses machine learning to reduce time in clinical documentation and works more like an app.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/digital-health-market

Further key findings from the study suggest: 

• In 2018, the mHealth technology segment held the largest revenue share owing to rising adoption of mHealth technologies among physicians and patients, increasing trend of preventive healthcare, and rising funding for mHealth startups
• Digital health systems occupied the second largest revenue share in 2018 owing to rising government initiatives to promote digital health, resulting in an increased adoption of digital systems among healthcare systems
• North America held the largest revenue share in 2018 owing to rapid growth in adoption of smartphones, advancements in coverage networks, rise in the prevalence of chronic diseases, and increase in geriatric population
• Asia Pacific is expected to expand at the fastest CAGR over the forecast period owing to increasing penetration of smartphones and smart wearable devices and rising adoption of mHealth services
• Key players operating in the digital health market include Apple Inc.; AirStrip Technologies; Allscripts; Google Inc.; Orange; Qualcomm Technologies Inc.; Mqure; Samsung Electronics Co. Ltd.; Telefonica S.A.; Vodafone Group; Cerner Corporation; and McKesson Corporation.

Grand View Research has segmented the global digital health market on the basis of technology, component, and region:

Digital Health Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Tele Healthcare
  • Tele-care
    • Activity Monitoring
    • Remote Medication Management
  • Tele-health
    • LTC Monitoring
    • Video Consultation
  • mHealth
    • Wearables
      • BP Monitors
      • Glucose Meters
      • Pulse Oximeters
      • Sleep Apnea Monitors (PSG)
      • Neurological Monitors
      • Activity Trackers/ Actigraphs
    • mHealth Apps
      • Medical Apps
      • Fitness Apps
    • Services
    • mHealth Services Market, By Type
      • Monitoring Services
        • Independent Aging Solutions
        • Chronic Disease Management & Post-Acute Services
      • Diagnosis Services
      • Healthcare Systems Strengthening Services
      • Others
    • mHealth Services Market, By Participants
      • Mobile Operators
      • Device Vendors
      • Content Players
      • Healthcare Providers
    • Healthcare Analytics
    • Digital Health Systems
      • EHR
      • E-prescribing Systems

Digital Health Component Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware
• Software
• Services

Digital Health Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Spain
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Ophthalmic Knives Market Poised to Expand at a Robust Pace of USD 2.4 Billion Over 2026

The global ophthalmic knives market size is expected to reach USD 2.4 Billion by 2026, as per a new report by Grand View Research Inc. It is projected to register a CAGR of 4.9% during the forecast period. Introduction of advanced knives and rising incidence of age related ophthalmic diseases are some of the major factors driving the growth.

Increasing overall life expectancy and rising geriatric population is expected to cause steep increase in age related ophthalmic disorders. Along with these, incidence of lifestyle associated ophthalmic devices including myopia and hypermetropia are expected showcase significant growth during the forecast period. Most of these ophthalmic conditions cannot be treated by drugs. Increasing number of ophthalmic surgeries are expected to boost the market during forecast period.

High competition and introduction of local players are the factors encouraging market players to introduce advanced knives at affordable prices. Major players are focusing on developing innovative manufacturing techniques along with advanced raw materials to reduce the device price.

Incorporation of new reimbursement policies in developed countries along with growing efforts of non-profit organizations to increase awareness about ophthalmic conditions and to provide affordable/free ophthalmic procedures in rural regions are the factors expected to boost the number of ophthalmic surgeries.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/ophthalmic-knives-market

Further key findings from the report suggest:

• North America captured the largest ophthalmic knife industry share in 2018 owing to favorable reimbursement policies, presence of major market players, and rise in geriatric population
• Straight knives segment is anticipated to expand at a CAGR of 4.10% during the forecast period owing to fine design, durability, and sharpness of the knives
• Slit knives segment is also expected to register lucrative CAGR in near future owing to extensive use for entry in anterior chamber/phaco stab incision (single bevel) in eye-related surgeries
• Single-use/disposable knives segment is expected to witness significant growth over the forecast period due to features such as safety and affordability
• The key players profiled in the ophthalmic knife market comprise Alcon, Inc.; Hoya Corporation; Essilor; Topcon Corporation; Hai Laboratories, Inc.; Bausch and Lomb Incorporated; MANI Inc.; Seiko Optical Products Co., Ltd.; Nidek Co., Ltd.; Ziemer Group; Alltion; and DGH Technology

Grand View Research has segmented the global ophthalmic knife market on the basis of design, product, end user, and region:

Ophthalmic Knives Design Outlook (Revenue, USD Million, 2015 - 2026)

• Straight Knives
• Crescent Knives
• Slit Knives
• MVR Knives
• Stab Knives
• Others

Ophthalmic Knives Ophthalmic Knives Product Outlook (Revenue, USD Million, 2015 - 2026)

• Reusable
• Single-use

Ophthalmic Knives End Users Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals
• ASCs
• Clinics

Ophthalmic Knives Region Outlook (Revenue, USD Million, 2015 - 2026)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • Italy
  • France
  • UK.
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Thailand
  • South Korea
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Over-the-Top Devices And Services Market Expected to Collect USD 165.13 Billion by 2025

The Report Over-the-Top (OTT) Devices And Services Market Analysis By Content (VoIP, Text & Images, Video), By Revenue Source (AVOD, SVOD, TVOD), By Device (Mobile Devices & Computers, Gaming Console, Smart TVs & STB), By Deployment, And Segment Forecasts, 2018 - 2025

The global over-the-top (OTT) devices and services market is expected to reach USD 165.13 billion by 2025, according to a new report by Grand View Research, Inc. The rising penetration of mobile devices, such as tablets and smartphones, and advancements in consumer electronics devices such as smart TVs, are estimated to drive the demand for OTT content and services amongst the masses over the forecast period.

There has been a rapid surge in the demand for OTT videos, particularly in developing economies. TV digitization initiatives by various regional governments and broadcasters across the world have enabled OTT content to emerge as the popular platform for video consumption.

Businesses across various sectors are increasingly seeking contemporary technological models to provide personalized experiences to their customers, such as TV access on smartphones, connected devices, and tablets. Content providers and broadcast service providers are leveraging the benefits of OTT technology to enhance customer engagement by gaining in-depth insights about their customer base.

Moreover, the rising demand for Video On Demand (VOD), Voice over Internet Protocol (VoIP), Subscription Video on Demand (SVOD), instant messaging services, and internet TV are expected to propel the industry growth over the forecast period. OTT service providers are increasingly focusing their efforts toward the development of various innovative features, such as Google Translate, which translates voice mail services into text, to provide convenience and enhance customer value.

Access Research Report of OTT Devices And Services Market @ http://www.grandviewresearch.com/industry-analysis/over-the-top-ott-devices-services-market

Further key findings from the report suggest:

• Content providers such as DISH Network, Comcast, AT&T, and DIRECTV, are paving their way into the SVOD domain to expand their presence and capture a larger market share by providing various offerings within the domain
• OTT service providers across the globe are focusing their efforts on the development of the three key streaming technologies that include High-Dynamic Range (HDR),1080p content, 4K streaming, and Virtual Reality (VR) video
• Players such as WhatsApp, Tencent QQ, Apple FaceTime, Skype, and Google Hangouts, are upgrading their processes with new innovative technologies and offerings to provide advanced communication and messaging services
• The proliferation of hybrid models combining Subscription VOD (SVOD) with Advertising VOD (AVOD) coupled with the increasing penetration of fiber broadband and 4G internet services are expected to propel the demand for OTT content across developing nations such as China
• Growing proliferation of Smart TVs is expected to provide increasing opportunities for advertisers to become content providers and offer a wide plethora of services to consumers through various platforms such as Hulu, Netflix, and YouTube

Grand View Research has segmented the global OTT devices and services market on the basis of content, revenue source, device, deployment, and region:

OTT Devices And Services Content Outlook (USD Billion; 2014 - 2025)

• VoIP
• Text & Images
• Video

OTT Devices And Services Revenue Source Outlook (USD Billion; 2014 - 2025)

• AVOD
• SVOD
• TVOD
• Others

OTT Devices And Services Device Outlook (USD Billion; 2014 - 2025)

• Mobile devices & Computers
• Smart TVs & Set-top Box
• Gaming Console

OTT Devices And Services Deployment Outlook (USD Billion; 2014 - 2025)

• On-premise
• Cloud

OTT Devices And Services Regional Outlook (USD Billion; 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa 

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Digital Marketing Software Market To Make Great Impact In Near Future by 2027

The global digital marketing software market size is expected to reach USD 151.8 billion by 2027, registering a of CAGR 17.4% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. The software can integrate multiple digital content delivery platforms so that organizations can plan, design, and execute marketing campaigns on their own. The software is utilized by companies to perform an in-depth and real-time analysis of campaigns. The proliferation of the internet and the growing use of social media are encouraging companies to increase their spending on creating interactive and intuitive digital content for marketing purposes. This, in turn, is anticipated to drive the market over the forecast period.

The advent of social media has dramatically enabled organizations to increase customer engagement via influencers, allowing organizations to engage in content-driven publicity. Furthermore, the on-going innovations in digital marketing technologies such as virtual influencers and its subsequent applications in the retail industry are anticipated to fuel market growth. For instance, Channel S.A and PRADA have adopted Lil Miquela, a virtual influencer developed by Brud for advertising their products. Moreover, the increasing adoption of Voice of the Customer (VoC) techniques such as online-hosted customer communities that defines a customer’s preference for future products is anticipated to boost the demand for the software over the forecast period. Moreover, the outbreak of COVID-19 has positively impacted the market owing to the increasing social media marketing activities among industries such as automotive, BFSI, education, and healthcare.

Artificial Intelligence (AI) is extensively used to build data models automatically in digital forms and collect data from multiple sources. AI is positively impacting the market, as organizations are emphasizing the adoption of this technology for improving the customer experience. For instance, CogniCor Technologies has integrated AI in its digital marketing software to enable end users to enhance the complaint resolution activities, resulting in an increased level of customer satisfaction. Thereby, the companies offering AI in their software are likely to stay competitive in the market.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/digital-marketing-software-dms-market

Further key findings from the report suggest:

• The marketing automation software is anticipated to gain traction over the forecast period to perform activities such as lead nurturing and collaboration among teams to promote business
• The managed services segment is expected to grow significantly over the forecast period. This can be attributed to the advantages provided by managed services such as remote monitoring and cost-effective management of IT infrastructure through subscription-based pricing models
• The cloud deployment model is expected to gain traction over the forecast period due to its cost-effectiveness and increased accessibility
• The SMEs segment is anticipated to grow remarkably owing to the increasing adoption of social media platforms such as Facebook, Pinterest, and Instagram, by SMEs for activities related to sales and promotion
• In Asia Pacific, the digital marketing software market is anticipated to witness significant growth owing to increasing popularity of social media, e-commerce, and m-commerce particularly in emerging economies such as India, Indonesia, and Thailand
• Key players operating in the market include Adobe, Inc.; Hewlett Packard Enterprise Company; Hubspot, Inc.; IBM Corporation; Marketo, Inc.; Microsoft Corporation; Oracle Corporation; Salesforce.com, Inc.; SAP SE; and SAS Institute, Inc.

Grand View Research has segmented the global digital marketing software market based on solution, service, deployment, enterprise size, end use, and region.

Digital Marketing Software Solution Outlook (Revenue, USD Million, 2016 - 2027)

• CRM Software
• Email Marketing
• Social Media
• Search Marketing
• Content Management
• Marketing Automation
• Campaign Management
• Others

Digital Marketing Software Service Outlook (Revenue, USD Million, 2016 - 2027)

• Professional Services
• Managed Services

Digital Marketing Software Deployment Outlook (Revenue, USD Million, 2016 - 2027)

• Cloud
• On-premise

Digital Marketing Software Enterprise Size Outlook (Revenue, USD Million, 2016 - 2027)

• Large Enterprises
• Small & Medium Enterprises (SMEs)

Digital Marketing Software End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Automotive
• BFSI
• Education
• Government
• Healthcare
• Manufacturing
• Media & Entertainment
• Others

Digital Marketing Software Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contactless Payments Market Expectations Acme Prominent Development in Developed Regions, Details GVR Study

The global contactless payments market is expected to reach USD 2.23 trillion (transaction value) by 2025, according to a new report by Grand View Research, Inc. The contactless payments industry is expected to witness lucrative growth over the forecast period owing to innovations in technologies such as IoT, which acts as a major market driver.

Benefits such as reduction in transaction time and improved service delivery offered by contactless payments have resulted in a significant rise in the number of users. Some of the key features of contactless systems include easy installation and cost effectiveness. The rising trend of making payments through QR codes and mobile phones is expected to drive the market demand. Individuals largely prefer using contactless payment as it eliminates the need to carry cash.

North America is expected to emerge as one of the key regional markets over the forecast period. The growth is mainly attributed to the increasing deployment of cloud-based contactless payment technologies in various verticals such as transportation. Europe is expected to be another major region for contactless payments owing to the growing number of smart card rollouts. Countries in the Asia Pacific region, such as Australia, Taiwan, and Japan, have witnessed a higher penetration rate of contactless payments compared to other countries.

The contactless payments market can be segmented on the basis of devices into smartphones and wearables, point of sale terminals, and smart cards. The market can also be segmented on the basis of solutions into payment terminal solution, transaction management, security and fraud management, hosted point of sale, and analytics.

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Further key findings from the report suggest:

• Contactless payments are widely used in several sectors such as retail, transportation, healthcare, and hospitality. Smartphones and wearables emerged as the largest device segment in 2016. It is estimated to register a CAGR of 34.0% over the forecast period.
• The transportation segment is estimated to grow at a CAGR of 37.1% over the forecast period.
• The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to grow at a CAGR of 35.5 % from 2017 to 2025.
• The payment terminal solution segment is expected to witness the largest growth over the forecast period as these solutions can connect the customers directly to service providers of contactless payments.
• Key participants in the contactless payments industry include Gemalto, Visa Inc., Giesecke & Devrient GmbH, Heartland Payment Systems, Verifone, Ingenico Group SA, On Track Innovations Ltd., Oberthur Technologies (OT) Morpho, Thales Group, and Wirecard AG. In March 2017, Wirecard AG acquired MyGate Communication, a payment service provider in Africa.

Grand View Research has segmented the contactless payments market based on devices, solutions, application, and regions:

Device Outlook (Revenue, USD Billion; 2014 - 2025)

• Smartphones and wearables
• Point-of-sale terminals
• Smart cards

Solution Outlook (Revenue, USD Billion; 2014 - 2025)

• Payment terminal solution
• Transaction management
• Security and fraud management
• Hosted point-of-sale
• Analytics

Application Outlook (Revenue, USD Billion; 2014 - 2025)

• Retail
• Transportation
• Healthcare
• Hospitality
• Government

Regional Outlook (Revenue, USD Billion; 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • Japan
  • Australia
• South America
  • Brazil
• MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.