Demand Medical Affairs Outsourcing Market Increasing in Most Part of World 2028

 Medical Affairs Outsourcing Market Growth & Trends

The global medical affairs outsourcing market size is expected to reach USD 3.47 billion by 2028 registering a CAGR of 12.2%, according to a new report by Grand View Research, Inc. Transformation in medical education and the rising number of orphan therapies for the treatment of rare diseases are some of the key factors propelling the market growth. The pharmaceutical companies are looking for assistance to systematically position the therapeutic outcomes of these therapies in the market. According to a report published by IQVIA in 2020, the U.S. FDA has approved 80 orphan indications in 2017 and about 57 in early 2020.

Changes in the reimbursement scenario and pricing pressure are expected to increase the adoption of cost-saving measures by the pharmaceutical and medical device companies. This is anticipated to promote off-shoring of medical affairs outsourcing in countries like India and China. Pharmaceutical companies are outsourcing medical affairs services to get high-quality documents, control the R&D cost, and reduce investment costs required to train the medical affairs team. Furthermore, the pharmaceutical and medical device companies are outsourcing their medical affairs services to diverge their business activities and manage product life cycles.

In addition, Contract Research Organizations (CROs) offer cost-efficient solutions and compliance with the health authority requirements, thereby propelling market growth. The bio/pharmaceutical outsourcing industry has seen a rise in R&D demand because of the COVID-19 pandemic. This increase in demand, as well as other impacts from the pandemic, such as rising demand for clinical trials and its outsourcing services, have caused some CROs to shift focus and adjust their operations. The pandemic has pushed more pharmaceutical companies and regulators to use new technologies for remote quality audits and inspections, thus driving positive changes in the pharma industry.

Request a free sample copy or view report summary: Medical Affairs Outsourcing Market Report

Medical Affairs Outsourcing Market Report Highlights

• The medical writing & publishing segment led the market in 2020 and is expected to witness significant growth over the forecast period, owing to the increasing need for marketable written content to convey medical information to healthcare professionals and patients
• North America dominated the global market with a share of 35.3% in 2020 owing to the presence of a large number of pharmaceutical and medical devices companies in the region
• Moreover, the high cost of medical affairs services is a major challenge, which has encouraged various medical device companies in North America to outsource functions to third-party vendors in off-shore locations with a high level of expertise in the domain
• However, Asia Pacific is anticipated to account for the largest revenue share by 2028 while growing at the fastest CAGR over the forecast period, owing to cost-efficient service offering by the CROs in the region
• In addition, improved regulatory framework and availability of a skilled workforce in APAC boosts the market growth

Medical Affairs Outsourcing Market Segmentation

Grand View Research has segmented the global medical affairs outsourcing market on the basis of services, industry, and region:

Medical Affairs Outsourcing Services Outlook (Revenue, USD Billion, 2016 - 2028)

• Medical Writing & Publishing
• Medical Monitoring
• Medical Science Liaisons (MSLs)
• Medical Information
• Others

Medical Affairs Outsourcing Industry Outlook (Revenue, USD Billion, 2016 - 2028)

• Pharmaceutical
• Biopharmaceutical
• Medical Devices
  • Therapeutic Medical Devices
  • Diagnostic Medical Devices

Medical Affairs Outsourcing Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Medical Affairs Outsourcing Market

• ICON plc
• IQVIA Holdings, Inc.
• The Medical Affairs Company
• Syneos Health, Inc.
• Pharmaceutical Product Development, LLC
• Ashfield Healthcare Communications
• Zeincro Group
• Wuxi Clinical Development, Inc.
• SGS S.A.
• Indegene, Inc.

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.

Clinical Trials Market Witness Excellent Revenue Growth During 2021-2028: Grand View Research Inc

 Clinical Trials Market Growth & Trends

The global clinical trials market size is expected to reach USD 69.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2021 to 2028. An increase in the volume and complexity of clinical trials has been witnessed lately, which plays an important role in the R&D of new drugs and other products. Also, clinical studies have become increasingly costly ventures, adding to the overall cost of developing a drug. Hence, big pharmaceuticals as well as small biotechnology firms are looking for innovative ways to improve research outcomes and decrease research costs.

The increasing need to develop new therapeutics for chronic diseases such as cancer, respiratory disorder, diabetes, cardiovascular disease, and others is creating immense pressure on healthcare. The global pandemic caused due to COVID-19 and the increasing demand for developing a suitable treatment for the same is driving the market’s growth. The number of people affected by the coronavirus has reached one million, which further depicts an increasing need for therapeutics and vaccines. Currently, there are 288 therapeutics and 106 vaccines in development. Out of this, nearly 7.0% therapeutics are in Phase IV, 21.0% in Phase III, 43.0% & 13.0% in Phase II & Phase I respectively.

The pandemic has also resulted in global disruption of traditional onsite clinical studies. Hence, the regulatory bodies all over the world have launched various initiatives for fast-tracking clinical studies for the development of innovative solutions. One such instance is Solidarity, an international clinical trial launched by the WHO to find effective treatment against COVID-19.

Though COVID-19 is forcing many medical device and drug developers to revise the approach they prepare for these types of crises, integrating best practices within clinical trial procedures and adapting to virtual studies can support continuous development of therapeutics even in the presence of this pandemic.

Request a free sample copy or view report summary: Clinical Trials Market Report

Clinical Trials Market Report Highlights

• Phase III clinical trials dominated the market with a share of 53.2% in 2020. This is attributed to the complexity level associated with this phase
• Interventional design segment accounted for the largest share of 45.6% in 2020 in the study design segment owing to the increasing demand for the intervention for clinical studies by researchers
• North America held 51.0% of the market share in 2020. Favorable government initiatives and presence of large numbers of players in the U.S. offerings advanced services are responsible for market growth
• In Asia Pacific, the market is expected to witness the fastest CAGR of 6.7% over the forecast period owing to the increasing patient pool and cost efficient services

Clinical Trials Market Segmentation

Grand View Research has segmented the global clinical trials market based on phase, study design, indication, and region:

Clinical Trials Phase Outlook (Revenue, USD Million, 2016 - 2028)

• Phase I
• Phase II
• Phase III
• Phase IV

Clinical Trials Study Design Outlook (Revenue, USD Million, 2016 - 2028)

• Interventional
• Observational
• Expanded Access

Clinical Trials Indication Outlook (Revenue, USD Million, 2016 - 2028)

• Autoimmune/Inflammation
• Pain management
• Oncology
• CNS condition
• Diabetes
• Obesity
• Cardiovascular
• Others

Clinical Trials Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Clinical Trials Market

• IQVIA
• PAREXEL International Corporation
• Pharmaceutical Product Development, LLC
• Charles River Laboratory
• ICON Plc
• PRA Health Sciences
• Syneos Health
• Eli Lilly and Company
• Novo Nordisk A/S
• Pfizer
• Clinipace

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.

Demand for Marketing Resource Management Market to Incur Considerable Upsurge During 2021– 2027

 Marketing Resource Management Market Growth & Trends

The global marketing resource management market size is expected to reach USD 6.89 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 11.7% from 2021 to 2027. Marketing Resource Management (MRM) is a cloud-based software that is widely used by organizations for effectively centralizing and managing their marketing operations. It enables organizations to unify brand compliance and marketing workflows and effectively track their Return on Investment (ROI).

Marketing Resource Management (MRM) is a technology used to efficiently handle workforce and associated technology and operations such as planning, production, and design of marketing processes. The emergence of MRM applications has helped businesses in their planning and budgeting activities. By using functionalities such as budgeting and planning, marketing divisions can effectively plan their budgets, define the expense types, and closeouts, among others.

The increasing need for ensuring brand and regulatory compliance is expected to propel the MRM market growth over the forecast period. Using MRM solutions, the marketing department can tackle potential threats and run a strategic program. Emerging technology solutions driven by machine learning and artificial intelligence to deliver sustainable omnichannel experience are expected to further create growth opportunities for the market players.

The outbreak of the COVID-19 pandemic is anticipated to favorably impact market growth. However, the upfront costs associated with new MRM systems are expected to hamper the growth. Furthermore, the lack of trust in new marketing technologies is also hampering the growth.

Request a free sample copy or view report summary: Marketing Resource Management Market Report

Marketing Resource Management Market Report Highlights

• The brand and advertising management segment is expected to witness significant growth over the forecast period owing to the adoption of these solutions in decentralized companies to maintain brand compliance
• The increased focus of businesses to move from the legacy platform to cloud platform is expected to create growth opportunities for the training, support, and maintenance services segment
• The adoption of on-premise solutions is high owing to benefits associated with configuration, reduced vendor dependency, and numerous customization options
• Factors such as the growing integration of advanced technologies, the presence of a large number of resources, extensive product portfolio, and complex workflows are expected to propel the adoption of MRM solutions in large enterprises
• The increasing need to target customers and market products based on the digital footprint is encouraging consumer goods and retail companies to adopt advanced marketing technologies
• The growth of sectors such as BFSI and IT and telecom in developing countries such as India and China is expected to create the demand for MRM solutions in the Asia Pacific region

Marketing Resource Management Market Segmentation

Grand View Research has segmented the global marketing resource management market based on solution, services, deployment, enterprise size, end-use, and region:

Marketing Resource Management Solution Outlook (Revenue, USD Million, 2016 - 2027)

• Brand & Advertising Management
• Capacity Planning Management
• Creative Production Management
• Financial Management
• Marketing Asset Management
• Marketing Reporting & Analytics
• Project Management
• Others

Marketing Resource Management Services Outlook (Revenue, USD Million, 2016 - 2027)

• Consulting & Implementation
• Training, Support, and Maintenance

Marketing Resource Management Deployment Outlook (Revenue, USD Million, 2016 - 2027)

• Cloud
• On-premise

Marketing Resource Management Enterprise Size Outlook (Revenue, USD Million, 2016 - 2027)

• Large Enterprises
• Small & Medium Enterprises

Marketing Resource Management End-use Outlook (Revenue, USD Million, 2016 - 2027)

• BFSI
• Consumer Goods & Retail
• Healthcare
• IT & Telecom
• Manufacturing
• Media & Entertainment
• Travel & Hospitality
• Others

Marketing Resource Management Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Marketing Resource Management Market

• Adobe
• Aprimo US LLC
• BrandMaker
• HCL Technologies Limited
• Infor, Inc.
• Microsoft
• Northplains
• SAP SE
• SAS Institute, Inc.
• Workfront, Inc.

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.

Interactive Kiosk Market to Expand at a CAGR of 6.9% Through 2028

 Interactive Kiosk Market Growth & Trends

The global interactive kiosk market size is expected to reach USD 45.32 billion by 2028, according to a new study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 6.9% from 2021 to 2028. Increasing consumer involvement in the purchase process and an extensive focus on customized service delivery by industry players are the major factors driving interactive kiosks' adoption. The geographical expansion and service enhancement using interactive kiosks enable companies to offer convenient, swift, and hassle-free service to customers with enhanced safety and security.

The North American market dominated the global market in 2020. The regional growth can be attributed to incumbents of the retail and BFSI verticals, who continue to deploy interactive kiosks as a part of their efforts to enhance the consumer experience. Asia Pacific is expected to register the highest CAGR over the forecast period as the retail, hospitality, BFSI, and healthcare verticals continue to grow. Incumbents of these industries continue to emphasize customer engagement.

Based on end use, the market for interactive kiosk has been further segmented into BFSI, retail, food and beverage, healthcare, government, travel and tourism, and others. Manufacturers have developed multiple self-service kiosks solutions for segments, such as travel and tourism and healthcare. These interactive kiosks enable customers to carry out self-check-in/check-out in hotels, carry out self-baggage check-in, book tickets, view product information, book appointments, and so on.

Stringent regulatory and legal standards such as the General Data Protection Regulation (EU GDPR), Americans with Disabilities Act (ADA), and UL standards are the significant challenges impacting the broader adoption of interactive self-service kiosks. GDPR compliance focuses on protecting customers' private data to enhance safety and prevent unauthorized access to private information. The ADA standards provide access specifications to any public access system for disabled individuals. However, the threat of cyber-attacks, high cost of installation, maintenance, and support may act as inhibitors for the growth and adoption of interactive kiosks by businesses.

Request a free sample copy or view report summary: Interactive Kiosk Market Report

Interactive Kiosk Market Report Highlights

• The market for interactive kiosk is a technology-driven and rapidly evolving market due to continuous advancements in communication and payment technologies. This, in turn, has widened the scope of application in various industries, such as retail, banking, hospitality, entertainment, and government
• The declining prices of hardware and improved transaction safety features have led to increased adoption of interactive kiosks by various businesses
• Mandatory government regulations regarding data privacy/protection and regulatory standards such as ADA and UL will have a major impact on the adoption of interactive kiosk as a service delivery tool
• Asia Pacific is expected to expand at the highest CAGR over the forecast period

Interactive Kiosk Market Segmentation

Grand View Research has segmented the global interactive kiosk market based on component, type, end use, and region:

Interactive Kiosk Component Outlook (Revenue, USD Million, 2016 - 2028)

• Hardware
  • Display
  • Printer
  • Others
• Software
• Services
  • Integration & Deployment
  • Managed Services

Interactive Kiosk Type Outlook (Revenue, USD Million, 2016 - 2028)

• Automated Teller Machines (ATMs)
• Retail Self-checkout Kiosks
• Self-service Kiosks
• Vending Kiosks

Interactive Kiosk End-use Outlook (Revenue, USD Million, 2016 - 2028)

• BFSI
• Retail
• Food & Beverage
• Healthcare
• Government
• Travel & Tourism
• Others

Interactive Kiosk Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Interactive Kiosk Market

• NCR Corporation
• Diebold Nixdorf AG
• ZEBRA Technologies Corporation
• Advanced Kiosks
• Embross Group 
• IER SAS
• SlabbKiosks
• Source Technologies
• Meridian
• Advantech Co.
• REDYREF
• NEXCOM International Co.
• KIOSK Information Systems

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.

Oral Care Market to Expand with Significant CAGR During 2021 – 2028: Grand View Research Inc.

 Oral Care Market Growth & Trends

The global oral care market size is expected to reach USD 49.5 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.9% from 2021 to 2028. The growing awareness among people regarding oral hygiene and the increasing incidence of dental caries has led to the high growth of the market. The World Health Organization (WHO) states that 2.3 billion people suffer from caries of permanent teeth. An unhealthy diet (particularly high in sugar) is one of the major factors contributing to the rise in the number of dental caries at the global level. Brushing teeth using a toothbrush and fluoride-containing toothpaste can prevent dental caries to a significant extent, creating demand for these products.

Various awareness programs initiated by major players have led to increased awareness about dental hygiene among the people of both developed as well as developing regions. For instance, Colgate-Palmolive Company’s BRIGHT SMILES, BRIGHT FUTURES program has been proactively involved in spreading oral health education and providing dental screenings, and over one billion children and their families in 80 countries benefited from it. In 2018-19 alone, it reached over 11.5 million children in India. Thus, such initiatives have played a key role in creating awareness among consumers at the global level about the importance of dental hygiene.

New product development is another significant factor influencing the demand for the products. Innovative products such as powered toothbrushes have revolutionized the toothbrush market. In November 2019, a leading player, Procter & Gamble launched "Tooth Fairy in a Box.” It includes an Oral-B electric toothbrush, Crest toothpaste, and playful items that help parents encourage children to embrace dental hygiene. The availability of different denture care products and dental accessories is also contributing to the growth of the market.

Most of the dental services were shut down at the global level during the COVID-19 pandemic. Recently, more number of dental practices are reopening, however, consumers are opting for home dental remedies due to potential risk. Leading personal care companies such as Procter & Gamble; Colgate-Palmolive Company; and Johnson & Johnson Services, Inc. witnessed growth in their sales, especially from the oral care segment as consumers’ focus toward hygiene grew.

Request a free sample copy or view report summary: Oral Care Market Report

Oral Care Market Report Highlights

• By product, the toothbrush segment dominated the market in 2020 and is expected to emerge as the fastest-growing segment during the forecast period due to the availability of a wide range of innovative designs, such as electric and battery-powered toothbrushes
• The toothpaste product segment held the second-largest share in 2020 due to the increase in the number of people using different forms of toothpaste
• Asia Pacific held the largest share in 2020 and is projected to be the fastest-growing regional market during the forecast period. This is due to the rising awareness about oral health among the people of developing countries, such as India and China
• Manufacturers coming up with innovative and easy-to-use oral care products has increased the usage of these products at home, making home the largest and fastest-growing segment

Oral Care Market Segmentation

Grand View Research has segmented the global oral care market on the basis of product, product type, application, and region:

Oral Care Product Outlook (Revenue, USD Million, 2016 - 2028)

• Toothbrush           
  • Manual
  • Electric (rechargeable)
  • Battery-powered (non-rechargeable)
  • Others
• Toothpaste
  • Gel
  • Polish
  • Paste
  • Powder
• Mouthwash/rinse  
  • Medicated
  • Non-medicated
• Denture Products 
  • Cleaners
  • Fixatives
  • Others
• Dental Accessories          
  • Cosmetic Whitening Products
  • Fresh Breath Dental Chewing Gum
  • Tongue Scrapers
  • Fresh Breath Strips
  • Floss
  • Others

Oral Care Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Countertop
• Cordless

Oral Care Application Outlook (Revenue, USD Million, 2016 - 2028)

• Home
• Dentistry

Oral Care Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Oral Care Market

• Procter & Gamble Company
• Johnson & Johnson Services, Inc.
• Colgate-Palmolive Company
• GlaxoSmithKline plc
• Church & Dwight Co., Inc.
• Fresh, LLC
• Dentaid
• Lion Corporation
• Sunstar Suisse S.A.

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.

U.S. Electric Vehicle Charging Infrastructure Market Will Target Emerging Markets By 2028

 U.S. Electric Vehicle Charging Infrastructure Market Growth & Trends

The U.S. electric vehicle charging infrastructure market size is expected to reach USD 28.39 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 38.9% during the forecast period. Government policies and initiatives favoring the adoption of electric vehicles are also driving the demand for electric vehicle charging stations in the U.S. Moreover, government agencies are also signing long-term contracts with EVCI manufacturers, such as Siemens, Tesla, Chargepoint, among others for the development of bus and car charging stations on highways.

Easy integration with smart grid infrastructure and bi-directional charging capability is anticipated to drive the growth of the CHAdeMO segment over the forecast period. Moreover, research and development initiatives and investments by electric vehicle manufacturers such as Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation for developing DC fast charging networks to support long-range travel is expected to drive the demand for CHAdeMO in the U.S. market.

In the wake of rising demand for sustainable and cost-effective mobility, various governments are emphasizing the development of ‘electric highways’. Level 2 and Level 3 DC charging stations with a power output in the range of 100 kW to 200 kW are being mostly used for highway charging station projects. Technologies, such as Radio Frequency Identification (RFID) and Near-Field Communication (NFC), have enabled the installation of interactive, kiosk-based, and self-operated charging stations within highway charging stations. Several private organizations are keen on investing in the development of electric vehicle charging stations along the highways. All these factors are driving the demand for highway charging stations.

Various government agencies are also partnering with each other on the development of highway electric charging stations. For instance, in the U.S., the Washington State Department of Transportation has partnered with the Oregon Department of Transportation to construct the West Coast Electric Highway (WCEH) that consists of 57 electric vehicle charging stations across Oregon and Washington.

As a part of the global EVCI expansion strategy, various EV charger manufacturers are adopting a collaborative model under which they are partnering with EV vehicle manufacturers and other businesses, such as hotels & retail chains, and utility service providers to deploy EV charging stations. At the same time, major EVCI manufacturers are working on integrating ultra-fast charging, autonomous park and charge, and wireless charging technologies to enhance the operational functionality of the electric vehicle, increase consumer convenience and minimize the charging time. Thus, the increased efforts of car manufacturers to make enhancements in electric vehicle charging infrastructure is driving the market growth. Further, Electric vehicles are experiencing a smaller dip in their sales compared to traditional automobiles due to the effects of a shrinking economy in response to the global coronavirus pandemic. This is expected to adversely impact the electric vehicle charging infrastructure market.

Request a free sample copy or view report summary: U.S. Electric Vehicle Charging Infrastructure Market Report

U.S. Electric Vehicle Charging Infrastructure Market Report Highlights

• Technological advancements in battery technology and the growing impetus on autonomous vehicles are driving the U.S. market growth. Eco-friendly benefits offered by EVs help increase their sales
• Consumers’ preference for using electric vehicles for long-distance travel and increasing deployment of electric vehicle charging infrastructure by corporates is anticipated to drive the U.S. demand for fast chargers over the forecast period
• Easy integration with smart grid infrastructure and bi-directional charging capability is anticipated to drive the growth of the CHAdeMO segment over the forecast period
• North America is a leading market in terms of the number of electric vehicles to fuel-driven vehicles in the region. New York is emerging as a dominant state in the adoption of electric vehicles, which is expected to grow over the forecast period

U.S. Electric Vehicle Charging Infrastructure Market Segmentation

Grand View Research has segmented the U.S. electric vehicle charging infrastructure market based on charger type, connector, and application:

U.S. Electric Vehicle Charging Infrastructure Charger Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Slow Charger
• Fast Charger

U.S. Electric Vehicle Charging Infrastructure Connector Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• CHAdeMO
• Combined Charging System
• Others

U.S. Electric Vehicle Charging Infrastructure Application Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Residential
• Commercial

List of Key Players of U.S. Electric Vehicle Charging Infrastructure Market

• ABB
• BTC Power
• Delta Electronics, Inc
• Webasto Group
• ChargePoint, Inc.
• AeroVironment Inc.
• General Electric Company
• Leviton Manufacturing Co., Inc.
• SemaConnect, Inc.
• Tesla, Inc.
• ClipperCreek, Inc.

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.

Neobanking Market Overview, Analysis And Forecast To 2028: Grand View Research Inc.

 Neobanking Market Growth & Trends

The global neobanking market size is expected to reach USD 722.60 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 47.7% from 2021 to 2028. The market growth is driven by various factors, such as lower interest rates as compared to traditional banks, improved user convenience, and favorable government regulations. The demographic shift toward digitization, coupled with escalating demand for digital apps across the FinTech industry, is also expected to boost the market growth over the forecast period.

The financial industry is focusing on integrating technology with financial operations and creating customer-centric services. As a result, new entrants such as neobanks are making a huge impact on the financial industry. Neobanking supports businesses in bringing down operational costs and increasing their profit margin.

Factors such as the accelerated expansion of the customer base, innovative revenue generation and modernization models, and growing mergers and acquisitions activities are expected to significantly contribute to the market growth over the forecast period. Neobanks enable customers to save money, especially on international transactions, and efficiently manage their finances. Neobanks are creating an ecosystem of services around their infrastructure, which is shifting the banking value from the branches to their API layer, thereby enabling users to carry out most of their banking activities on the app.

The less complex IT systems and streamlined operating models of neobanks are some factors creating growth opportunities for the market. Neobanks also have fewer legacy compliance issues compared to traditional banks. Moreover, neobanks are adopting open APIs to offer a seamless experience to their customers and explore opportunities for expanding their customer streams and revenue.

Request a free sample copy or view report summary: Neobanking Market Report

Neobanking Market Report Highlights

• The ability of neobanks to offer a faster and transparent model and their low-cost structure are the key factors influencing the market growth
• The growing adoption of mobile and digital banking as the mode of payment by small and medium-sized enterprises and large enterprises is expected to propel the growth of the business account segment over the forecast period
• Factors such as reduced reloading fees, no withdrawal expenses, no monthly fees, and low cost of transactions are expected to contribute to the growth of the personal application segment
• Europe dominated the market in 2020 and is expected to retain its position over the forecast period, owing to the entry of a large number of new vendors in the regional market

Neobanking Market Segmentation

Grand View Research has segmented the global neobanking market based on the account type, application, and region:

Neobanking Account Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Business Account
• Savings Account

Neobanking Application Outlook (Revenue, USD Billion, 2017 - 2028)

• Enterprises
• Personal
• Others

Neobanking Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of Neobanking Market

• Atom Bank PLC
• Fidor Bank Ag
• Monzo Bank Limited
• Movencorp Inc.
• MyBank
• N26
• Revolut Ltd.
• Simple Finance Technology Corporation
• Ubank Limited
• WeBank, Inc.

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.

Contact Center Software Market Estimated To Flourish By 2028: Grand View Research Inc.

 Contact Center Software Market Growth & Trends

The global contact center software market size is expected to reach USD 90.6 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 21.1% from 2021 to 2028. Increasing use of social media platforms by customers across the globe is expected to drive the market. Moreover, the growing need to cater to constantly changing customer requirements is further anticipated to fuel market growth over the forecast period.

Contact center software acts as a common platform to gather customer data for analysis. This software can effectively use demographic, behavioral, and location-based customer information to appropriately match the correct agent to the right customer. Moreover, this approach helps businesses in increasing customer satisfaction while delivering improvements in cross-sell and upsell rates.

Numerous businesses across the globe are focusing on adopting contact center software solutions. These solutions are helping businesses in boosting operational efficiency, improving customer service, and offering enhanced reporting features for management. Moreover, the rising demand for improved omnichannel experiences is further expected to fuel market growth over the forecast period.

Contact center software solutions enable employees to access customer information and history in real-time. These solutions help employees to deliver up-to-date and accurate information on products and choices for issue resolution. Contact centers responded to the increase in call volumes amidst the COVID-19 pandemic by adopting Artificial Intelligence (AI)-based virtual agents for customer services.

Request a free sample copy or view report summary: Contact Center Software Market Report

Contact Center Software Market Report Highlights

• Customer collaboration solution is widely used by businesses to streamline communication between customers and each department within the company. Customer collaboration tools simplify two-way interaction convenient, instant, and effective
• The managed services segment is expected to witness significant growth over the forecast period. These services are used to manage business infrastructure and application platforms. Managed services can help the customer service team to work more reliably and efficiently by quickly identifying faults and isolate the root cause of infrastructure outages
• Cloud contact center solutions effectively handle all outbound and inbound customer communications for a company. Cloud solutions offer an all-inclusive suite of applications and tools which allow businesses to deliver efficient customer service across multiple channels, including SMS, email, voice, and social media
• Large enterprises across the globe are focusing on adopting contact center solutions to efficiently manage their vast database of customers. This, as a result, is expected to propel the demand for these solutions in large enterprises
• Consumer goods and retail businesses are focusing on strengthening their multichannel interactions with employees, customers, ad systems. This, in turn, is expected to propel the adoption of contact center software solutions in the consumer goods and retail industry
• In Asia Pacific, the market is anticipated to emerge as the fastest-growing regional market, owing to a broad customer base and the presence of a substantial number of small and medium enterprises in the region

Contact Center Software Market Segmentation

Grand View Research has segmented the global contact center software market on the basis of solution, service, deployment, enterprise size, end use, and region:

Contact Center Software Solution Outlook (Revenue, USD Million, 2016 - 2028)

• Automatic Call Distribution (ACD)
• Call Recording
• Computer Telephony Integration (CTI)
• Customer Collaboration
• Dialer
• Interactive Voice Responses (IVR)
• Reporting & Analytics
• Workforce Optimization
• Others

Contact Center Software Service Outlook (Revenue, USD Million, 2016 - 2028)

• Integration & Deployment
• Support & Maintenance
• Training & Consulting
• Managed Services

Contact Center Software Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• Hosted
• On-premise

Contact Center Software Enterprise Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprise
• Small & Medium Enterprise

Contact Center Software End-use Outlook (Revenue, USD Million, 2016 - 2028)

• BFSI
• Consumer Goods & Retail
• Government
• Healthcare
• IT & Telecom
• Traveling & Hospitality
• Others

Contact Center Software Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Contact Center Software Market

• 8X8, Inc.
• ALE International
• Altivon
• Amazon Web Services, Inc.
• Ameyo
• Amtelco
• Aspect Software
• Avaya Inc.
• Avoxi
• Cisco Systems, Inc.
• Enghouse Interactive Inc.
• Exotel Techcom Pvt. Ltd.
• Five9, Inc.
• Genesys
• Microsoft Corporation
• NEC Corporation
• SAP SE
• Spok, Inc.
• Talkdesk, Inc.
• Twilio Inc.
• UiPath
• Unify Inc.
• VCC Live

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.

Aviation IoT Market Poised to Expand at a Robust Pace Over 2028

 Aviation IoT Market Growth & Trends

The global aviation IoT market size is anticipated to reach USD 22.51 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.4% from 2021 to 2028. The aviation industry is tectonically shifting toward automated and intelligent systems in line with the continued advances in technology. At this juncture, IoT (internet of things) devices are emerging as crucial devices for the incumbents of the aviation industry to gather real-time data and derive actionable insights.

The aviation industry is continuously adopting a digital ecosystem and is subsequently set to generate large volumes of data. The development of a more recent version of the Internet Protocol (IP), Internet Protocol version 6 (IPv6), has already improved the data handling capability and the overall functionality. The introduction of low-power terrestrial networks in L-band to support 5G connectivity is expected to further enhance the data transfer capacity, thereby encouraging the deployment of IoT-compatible devices in the aviation industry.

IoT is expected to play a critical role in weather forecasting as well as monitoring various systems of the aircraft in real-time. Monitoring the weather using advanced sensors and analyzing the gathered weather data can help airlines in making crucial decisions in real-time and choosing alternative flight routes. Similarly, deploying IoT sensors and devices inside the aircraft can help in monitoring engine performance and subsequently reducing fuel consumption and improving the profit margins.

Request a free sample copy or view report summary: Aviation IoT Market Report

Aviation IoT Market Report Highlights

• Enhancement of passenger experience and modernization of the existing airport infrastructure are expected to be the crucial factors responsible for the surging deployment of IoT-compatible solutions across the aerospace industry
• Development of an advanced Aircraft Health Monitoring System (AHMS) for monitoring aircraft operation helps predict maintenance and identify the failure of components in advance to reduce the risks and downtime of aircraft maintenance
• Key airline operators are utilizing cloud computing technology to store the large volumes of data generated from numerous sensors, thereby opening opportunities for intercontinental airline operators to analyze the data for deriving insights
• IoT-enabled aircraft cabins can potentially offer personalized entertainment content and some of the prime airline operators have already adopted such IFE modules to increase passenger loyalty and enhance ancillary revenues

Aviation IoT Market Segmentation

Grand View Research has segmented the global aviation IoT market by application, end-use, and region:

Aviation IoT Application Outlook (Revenue, USD Million, 2016 - 2028)

• Ground Operations
• Passenger Experience
• Aircraft Operations
• Asset Management

Aviation IoT End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Airport
• Airline Operators
• MRO
• Aircraft OEM

Aviation IoT Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
• Latin America
• Middle East & Africa (MEA)

List of Key Players of Aviation IoT Market

• Honeywell International, Inc.
• Tata Communication
• Cisco Systems, Inc.
• Huawei Technologies Co. Ltd.
• SITAONAIR

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.

Electric Vehicle Charging Infrastructure Market to Reflect Steadfast Expansion During 2021-2028

 Electric Vehicle Charging Infrastructure Market Growth & Trends

The global electric vehicle charging infrastructure market size is expected to reach USD 144.97 billion by 2028 registering a CAGR of 33.4% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The significant market growth is primarily due to the rising number of initiatives undertaken by both public as well as private sectors to encourage the population to switch to EVs. As a result, the demand for EV charging infrastructure is expected to grow significantly. For instance, in the U.S., the Washington State Department of Transportation has partnered with the Oregon Department of Transportation to construct the West Coast Electric Highway (WCEH) that consists of 57 EV charging stations across Oregon and Washington. Similarly, many other governments are jointly developing intra-continental networks of highway charging stations.

Various EV manufacturers, such as Volvo, Kia Motors, Mercedes-Benz, and Ford, are collaborating with the charging infrastructure providers for easy availability of charging stations. For instance, In November 2020, ChargePoint, Inc. announced its partnership with Volvo Car USA LLC to provide a seamless charging experience to the Volvo car drivers. ChargePoint, Inc. will offer Home Flex home chargers, which will enable drivers to charge their cars at home. Moreover, Delta Electronics, Inc.; Enel X; and Ecotap BV are focusing on the development of solar-powered EV charging stations. For instance, under the Honda SmartCharge program, Enel X is currently working on the development of a solar-powered charging station in Hawaii (U.S.) in partnership with the Hawaiian Electric Company, Inc. Furthermore, various companies are working towards upgrading Electric Vehicle Supply Equipment (EVSE) to make them more convenient for long-distance travel. Some of the EV manufacturers, such as Tesla, Inc., and Nissan, are focusing on providing compatibility for their electric vehicles for public charging networks. For instance, Nissan in November 2019, announced that buyers of new Nissan LEAF would be able to charge their vehicles across EVgo’s charging network that comprises 750 public charging stations.

The demand for EVs has been growing in line with the rising awareness about environmental sustainability and the stringent limits several governments are putting on vehicular emissions. While private companies are focusing on developing innovative EV chargers and charging stations, governments are collaborating with these companies for rolling out EV Charging Infrastructure. In addition, technologies, such as Radio Frequency Identification (RFID) and Near-Field Communication (NFC), have enabled the installation of interactive, kiosk-based, and self-operated charging stations within highway charging stations. Several private organizations are keen on investing in the development of EV charging stations along the highways. All these factors are driving the demand for highway charging stations

Request a free sample copy or view report summary: Electric Vehicle Charging Infrastructure Market Report

Electric Vehicle Charging Infrastructure Market Report Highlights

• The fast charger segment is anticipated to be the largest charger type segment over the forecast period owing to the ability to rapidly charge electric vehicles in lesser time compared to conventional AC chargers is the primary factor driving the demand for fast DC chargers
• Combined Charging System (CCS) is anticipated to emerge as the fastest-growing connecter segment over the forecast period owing to rising adoption by automobile manufacturers
• The commercial application segment is anticipated to gain traction owing to the rise in the deployment of fast-charging stations across highways, hotels, shopping malls, and public parking facilities
• North America is estimated to account for the largest revenue share by 2028. Stringent vehicle emission standards and focus on R&D of EVs are some of the major factors driving the market in the North American region
• Various companies are investing heavily in promoting EV charging infrastructure. For instance, in November 2017, BMW, Daimler, Ford, and Volkswagen Group, together announced an investment plan for the development of 400 charging sites across Europe
• Asia Pacific is expected to register the fastest CAGR from 2021 to 2028 due to significant growth in EV sales in the region and extensive deployment of EV chargers in countries, such as China and Japan 

Electric Vehicle Charging Infrastructure Market Segmentation

Grand View Research has segmented the global electric vehicle charging infrastructure market on the basis of charger type, connector, application, and region:

EV Charging Infrastructure Charger Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Slow
• Fast

EV Charging Infrastructure Connector Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• CHAdeMO
• (CCS)
• Others

EV Charging Infrastructure Application Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Commercial
• Residential

EV Charging Infrastructure Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • The Netherlands
  • UK.
  • France
  • Norway
  • Germany
• Asia Pacific
  • China
  • Japan
  • South Korea

List of Key Players of Electric Vehicle Charging Infrastructure Market

• AeroVironment, Inc.
• ABB
• BP Chargemaster
• ChargePoint, Inc.
• ClipperCreek, Inc.
• Eaton Corp.
• General Electric Company
• Leviton Manufacturing Co., Inc.
• SemaConnect, Inc.
• Schneider Electric
• Siemens AG
• Tesla, Inc.
• Webasto SE

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.

Electric Kick Scooters Market is Growing at Significant Rate, 2028

 Electric Kick Scooters Market Growth & Trends

The global electric kick scooters market size is expected to reach USD 5.2 billion by 2028, according to a study conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.3% from 2021 to 2028. The growth of the market is attributed to the increasing penetration of cost-effective electric scooter sharing services across the globe.

While the market is expected to witness promising growth opportunities in the long run, the COVID-19 pandemic is likely to negatively impact the market. Strict restrictions on transportation activities and lockdowns in the first half of 2020 paralyzed electric kick scooter retail business activities across the globe. While manufacturing and supply chain activities were severely disrupted, the situation was particularly challenging for the manufacturers and dealers of electric kick scooters. In the near future, however, the fear of public transportation could motivate consumers to seek alternate modes of transportation, thereby driving the market. The pandemic is expected to be an accelerator for the transition to sustainable mobility.

The need for product differentiation and the introduction of next-generation technology is anticipated to favor market growth. One of the key factors expected to boost demand for the two-wheeler is the shrinking parking spaces in metro cities. In recent times, these two-wheelers have gained prominence in countries such as the U.S., Germany, France, and Spain. The growing need to avoid traffic congestions and increased demand for micro-mobility options have encouraged vendors to manufacture folding electric scooters. These two-wheelers offer flexibility with minimum energy consumption and can be easily folded to the size of a suitcase.

An increase in greenhouse gas emissions has resulted in initiatives to combat climate change with hopes pinned on e-mobility. Several countries globally have started enacting climate change action plans to reduce vehicular emissions by adopting sustainable and eco-friendly transportation options. Furthermore, investments in clean energy and initiatives that are taken by governments to curb CO₂ emissions are expected to boost the demand for electric scooters over the coming years.

North America is expected to be the fastest-growing regional market over the next few years. The U.S. is anticipated to emerge as an early adopter of e-scooters due to high technology penetration and developed e-charging infrastructure.

Request a free sample copy or view report summary: Electric Kick Scooters Market Report

Electric Kick Scooters Market Report Highlights

• The Lithium-Ion (Li-Ion) segment dominated the market in 2020 and is expected to reach USD 3.4 billion by 2028
• The 36V segment dominated the market in 2020 and is expected to reach USD 2.9 billion by 2028
• Asia Pacific is projected to account for the majority market share and is expected to reach USD 3.5 billion by 2028

Electric Kick Scooters Market Segmentation

Grand View Research has segmented the global electric kick scooters market on the basis of battery, voltage, and region:

Electric Kick Scooters Battery Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Sealed Lead Acid (SLA)
• Nickel Metal Hydride (NiMH)
• Lithium-Ion (Li-Ion)

Electric Kick Scooters Voltage Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Below 24V
• 36V
• 48V
• Greater than 48V

Electric Kick Scooters Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa

List of Key Players of Electric Kick Scooters Market

• Jiangsu Xinri E-Vehicle Co. Ltd.
• YADEA Technology Group Co., Ltd.
• Bird Rides, Inc.
• SWAGTRON
• SEGWAY INC.
• Xiaomi
• iconBIT GmbH

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.

Integrated Workplace Management System Market is Expected to Amplify USD 7.85 Billion Value by 2027: Grand View Research Inc.

 Integrated Workplace Management System Market Growth & Trends

The global integrated workplace management system market size is expected to reach USD 7.85 billion by 2027, according to a new study by Grand View Research, Inc. It is projected to register a CAGR of 12.8% from 2021 to 2027, Growing demand for solutions that help improve business performance, reduce working capital, reinforce company growth, improve customer service, and simplify workload is expected to drive the market. Additionally, enterprises across the globe are focusing on reducing operational costs and increasing the effectiveness of their decision-making processes which is anticipated to drive the demand for integrated workplace management systems (IWMSs) over the forecast period.

Organizations across the globe are also investing in big data analytics to obtain valuable business insights for decision-making purposes. Big data analytics can help in data integration, data segmentation, and business intelligence. The growing adoption of cloud computing and big data analytics is opening numerous growth opportunities for vendors in the IWMS market.

Emerging technologies such as the Internet of Things (IoT) are likely to provide significant growth opportunities to the market. The adoption of IoT can significantly simplify business operations, as data can be automatically collected and can later be analyzed for maintenance purposes. The adoption of IoT within enterprises can also significantly minimize the pressure on workplace management tools and help organizations make better decisions. IWMS software is also used for tracking utility usage and expenditures as part of efforts to lower operating costs. Additionally, the improved flexibility of several IWMS solutions and their capability to adapt to the changing and growing needs of businesses are anticipated to drive market growth over the forecast period.

Increasing market competition is encouraging established vendors to focus on partnerships and collaborations with start-ups, system integrators, and resellers to maintain a competitive market position for their products and brands. For instance, In April 2020, Accruent partnered with Mitie Group plc., a provider of facilities management and professional services in the U.K., to provide remote asset monitoring for Mitie Group plc’s clients. Through the partnership, Mitie Group plc. will deploy Accruent’s vx Observe IoT remote monitoring platform to control and monitor assets encompassing multiple manufacturers.

Request a free sample copy or view report summary: Integrated Workplace Management System Market Report

Integrated Workplace Management System Market Report Highlights

• In terms of solution, the real estateand lease management segment is anticipated to register significant growth over the forecast period owing to the growing need for upgrades and maintenance of existing solutions for better decision-making
• In terms of service, the managed services segment is expected to register significant growth from 2021 to 2027. This can be attributed to the growing dependence of enterprises on IT assets to improve their productivity
• In terms of deployment, the cloud segment is expected to register significant growth over the forecast period, thanks to the fact that cloud deployment enables users to access data from any location in a hassle-free way, eliminating the need to regularly and manually upgrade the solutions
• In terms of enterprise size, the Small and Medium Enterprises (SMEs) segment is expected to register significant growth from 2021 to 2027. Owing to advancements in SaaS tools, SMEs can use affordable software solutions and compete with larger companies with equal efficiencies. This is expected to drive the demand for IWMS in SMEs
• In terms of end use, the IT and telecom segment is expected to register considerable growth over the forecast period. This can be attributed to the growing demand from IT and telecom companies for reevaluating operational strategies and applying advanced technologies across business processes to hold a competitive position
• Asia Pacific regional market is anticipated to register a significant growth rate from 2021 to 2027. This can be credited to the rising adoption of various workplace management applications on the cloud in the region, including floorspace management, project management, asset management, and employee management for better decision-making

Integrated Workplace Management System Market Segmentation

Grand View Research has segmented the global integrated workplace management system market based on solution, service, deployment, enterprise size, end-use, and region:

Integrated Workplace Management System Solution Outlook (Revenue, USD Million, 2016 - 2027)

• Real Estate & Lease Management
• Facilities & Space Management
• Asset & Maintenance Management
• Project Management
• Environment Management

Integrated Workplace Management System Service Outlook (Revenue, USD Million, 2016 - 2027)

• Professional Services
• Managed Services

Integrated Workplace Management System Deployment Outlook (Revenue, USD Million, 2016 - 2027)

• On-premise
• Cloud

Integrated Workplace Management System Enterprise Size Outlook (Revenue, USD Million, 2016 - 2027)

• Large Enterprises
• Small & Medium Enterprises

Integrated Workplace Management System End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Public Sector
• IT & Telecom
• Manufacturing
• BFSI
• Real Estate & Construction
• Retail
• Healthcare
• Others

Integrated Workplace Management System Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of the Integrated Workplace Management System Market

• Accruent
• ARCHIBUS, Inc.
• FM:Systems
• FSI (FM Solutions) Limited
• International Business Machines Corporation
• MRI Software LLC
• Nemetschek Group (Spacewell)
• Planon
• SAP SE
• Trimble Inc.

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.

Wearable Payments Devices Market to Penetrate Untapped Regions During 2021 to 2028: Grand View Research Inc.

 Wearable Payments Devices Market Growth & Trends

The global wearable payments devices market size is expected to reach USD 80.39 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 29.8% from 2021 to 2028. Over time, payment systems have adapted to suit the needs of customers, such as increased convenience and reduced time while making payments. The growing popularity of contactless payment technology, coupled with the increasing adoption of wearable devices, such as smartwatches for contactless payments, is expected to fuel the market growth over the forecast period.

Wearables are gadgets or mobile phones that are worn by users to indirectly or directly interact with the device. Majorly used devices are smartwatches, fitness or health trackers, and wristbands. In terms of functionality, there are numerous wearables that are used in the commercial market, and the low entry barriers have enabled the high proliferation of payments devices.

Digitization in banks is expected to continue gaining traction over the forecast period as banks are now focusing on connecting card management systems with the token service providers. The increasing adoption of contactless payment models in the banking sector is further expected to drive the market. Furthermore, numerous players are focusing on creating reliable and secure wearable devices for consumer use, thereby creating growth opportunities for the market.

The COVID-19 pandemic is expected to positively impact market growth over the forecast period. The increasing adoption of cashless transactions in the time of the pandemic is expected to influence the adoption of wearable payments devices over the forecast period. Wearable devices offer users a convenient form of payment to make transactions through their stored payment credentials, thus enabling issuers to build brand loyalty among their users.

Request a free sample copy or view report summary: Wearable Payments Devices Market Report

Wearable Payments Devices Market Report Highlights

• Market players are focusing on integrating Near Field Communication (NFC) wireless technology into their smartwatches, thereby creating opportunities for the use of smartwatches in contactless payments
• Based on technology, the contactless Point of Sale (POS) terminals segment is expected to emerge as the fastest-growing segment over the forecast period. These terminals have witnessed significant growth owing to benefits, such as low deployment cost, mobility, and ease of use
• By application, the retail segment is expected to maintain its lead over the forecast period. Wearable payment devices are widely adopted in retail applications as they offer a convenient mode of payment. Furthermore, the adoption of these devices by customers is opening innovative and new ways for retailers to improve customer experience
• Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The adoption rate of smartwatches in the region is expected to witness significant growth as major China-based companies, such as Huawei Technologies and HTC, are focusing on the production of smartwatches that are reasonable for the larger audience

Wearable Payments Devices Market Segmentation

Grand View Research has segmented the global wearable payments devices market based on device type, technology, application, and region:

Wearable Payments Devices Type Outlook (Revenue, USD Million, 2016 - 2028)

• Fitness Tracker
• Payment Wristbands
• Smart Watches

Wearable Payments Devices Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Barcodes
• Contactless Point of Sale (POS) Terminals
• Near Field Communication (NFC)
• Quick Response (QR) Codes
• Radio Frequency Identification (RFID)

Wearable Payments Devices Application Outlook (Revenue, USD Million, 2016 - 2028)

• Festival & Life Events
• Fitness
• Healthcare
• Retail
• Transportation
• Others

Wearable Payments Devices Regional Outlook (Revenue, USD Million, Transaction Volume, USD Billion, 2016 - 2028)

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

List of Key Players of Wearable Payments Devices Market

• Apple, Inc.
• Barclays PLC
• Gemalto NV
• Google LLC
• Mastercard
• Nymi
• PayPal Holdings Inc.
• Samsung Electronics
• Visa Inc.
• Wirecard

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.

E-liquid Market Industry Analysis , Opportunity Assessment And Forecast Till 2027: Grand View Research Inc.

 E-liquid Market Growth & Trends

The global e-liquid market size is expected to reach USD 3.3 billion by 2027, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.4% from 2021 to 2027. The advent of e-cigarette products such as squonk mods and pod systems has increased its popularity and adoption in recent years. The rising demand for these products globally is expected to drive the market over the forecast period. In addition, the general presumption that these products can reduce the risk of lung disorders is fueling the market. Moreover, the absence of the tobacco burning process that is often found in conventional smoking products is expected to drive the market in the near future.

The growing adoption of e-cigarettes among youngsters is escalating the market value of e-liquid. Owing to the absence of tobacco and the availability of various flavors, such as chocolate, menthol, blueberry, and a range of fruit flavors, the appeal, and acceptability of these products is expected to increase among non-smokers as well. The growing demand for e-cigarettes and vapes in the market can also be attributed to their minimal environmental footprint compared to traditional cigarette buds. As e-liquids are used in e-cigarettes and vaporizers, the producers are capitalizing on the trend of eco-friendly vaping, which is capturing consumer attention.

Market players are focusing on mergers and acquisitions, collaborations, and partnerships in order to expand their distribution networks and build an international presence for their brands. For instance, in January 2018, Nicopure, a manufacturer of e-cigarette and e-liquid, announced a partnership with Vapоr Ltd., a distributor of e-cigarette and e-liquid in Bulgaria. Nicopure appointed Vapоr Ltd. as one of its distributors in Bulgaria. The partnership allowed the former to expand its brand presence in Bulgaria.

Key players are increasingly investing in the marketing and distribution of their products owing to rising competition in the market. For instance, in July 2019, Turning Point Brands, Inc., a manufacturer, and distributor of consumer products, invested USD 3.0 million in the Canadian distribution firm ReCreation Marketing. Through the ReCreation Marketing platform, the company launched RipTide, an e-liquid vape technology, and a variety of Nu-X products in Canada.

Request a free sample copy or view report summary: E-liquid Market Report

E-liquid Market Report Highlights

• In terms of flavor, the menthol segment is anticipated to register the highest growth rate over the forecast period owing to increasing adoption among young people, especially in students, coupled with its availability at affordable prices
• In terms of type, the bottled segment is expected to register growth at a significant pace from 2021 to 2027. This can be attributed to the fact that bottles allow users to make their own e-juice by adding two or more e-liquids
• In terms of distribution channel, the online segment is anticipated to register a significant growth rate over the forecast period as it provides customers with a wide variety of e-liquids that customers can choose from
• In terms of region, Europe is anticipated to register notable market growth from 2021 to 2027. This can be attributed to rising awareness among individuals about the tobacco-free formulation of e-liquids

E-liquid Market Segmentation

Grand View Research has segmented the global e-liquid market based on flavor, type, distribution channel, and region:

E-liquid Flavor Outlook (Revenue, USD Million, 2016 - 2027)

• Menthol
• Tobacco
• Dessert
• Fruits & Nuts 
• Chocolate
• Others

E-liquid Type Outlook (Revenue, USD Million, 2016 - 2027)

• Pre-Filled
• Bottled

E-liquid Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Online
• Retail Store
  • Convenience Store
  • Drug Stores
  • Newsstands
  • Tobacconist
  • Specialty Stores

E-liquid Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
  • Australia
• Latin America
  • Brazil
• Middle East & Africa

List of Key Players of the E-liquid Market

• Black Note, Inc.
• Breazy
• BSMW Ltd.
• Crystal Canyon Vapes LLC
• eLiquid Factory
• Mig Vapor LLC
• Molecule Labs, Inc.
• Nicopure Labs LLC
• Philip Morris International Inc.
• Turning Point Brands, Inc.
• VMR Products LLC

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.

Ultrasonic Sensors Market With Strong Application and Scope By 2027

 Ultrasonic Sensors Market Growth & Trends

The global ultrasonic sensors market size is expected to reach USD 6.00 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.6% from 2021 to 2027. The increasing adoption of ultrasonic sensors in automobiles for applications such as parking assistance systems and Automated Driver Assistance Systems (ADAS) is expected to emerge as a major factor influencing the market growth. The increasing demand for ultrasonic sensors in factory automation is expected to provide lucrative opportunities to market players.

Ultrasonic sensors are extensively used in the Unusual Motion Detection (UMD) technology that continuously monitors a scene and detects and marks unusual events. Furthermore, vast advancements in ultrasonic sensors such as the usage of matched filters have made them more accurate and more suitable for use in flow measurement by utility companies. Rising demand across these applications is expected to drive market growth over the forecast period.

Emerging applications of ultrasonic sensors in waste management, such as the determination of the amount of material remaining in a bin, are also expected to favor market growth over the forecast period. Furthermore, increasing the adoption of these systems in the detection of cracks in railway tracks is expected to further propel the market growth. The market is also likely to benefit from the increasing usage of these systems in predictive maintenance for monitoring the friction and stress in rotating machinery drives.

As these systems are sensitive to high-frequency sound, they are often used for detecting distinctive sounds in the upper ultrasonic range emitted from machine friction and stress. The mounting number of COVID-19 cases globally has put health-related sources under immense pressure; as surgeons try to avoid the risk of exposing patients to possible COVID-19 infection during hospitalization, there has been a notable decrease in the number of surgeries globally. As a result, the demand for these systems across surgical applications has significantly lowered.

Nevertheless, the increasing demand for these systems in the measurement of wind speeds is expected to significantly impact market growth. Furthermore, there has been a notable increase in the adoption of these systems in the aerospace & defense sector for measuring fuel consumption and evaluating the performance of hydraulic fluids and lubricants. Moreover, several military organizations, including the U.S. Army Research Laboratory (ARL) and North Atlantic Treaty Organization (NATO), are emphasizing the development of ultrasonic sensors for the aerospace & defense sector. For instance, in May 2018, ARL and NATO established a partnership for the development of ultrasonic sensors that could be used in the aerospace & defense sector for applications such as navigation, target detection, and missile detection.

Request a free sample copy or view report summary: Ultrasonic Sensors Market Report

Ultrasonic Sensors Market Report Highlights

• In terms of technology, the through-beam sensor segment is anticipated to register the highest CAGR over the forecast period. This can be attributed to the vast benefits offered by the technology, including long-distance sensing ability and stable operations
• In terms of type, the level measurement segment is anticipated to register the highest CAGR over the forecast period. This can be attributed to an increase in oil & gas exploration activities, including fracking and drilling, globally
• In terms of end use, the healthcare segment is expected to gain traction. This is likely to be a result of the growing demand for ultrasonic sensors in ultrasonic aspirators that use low-frequency ultrasonic vibrations to dissect tissues
• There has been a rise in demand for advanced driver safety systems in emerging economies such as India, Malaysia, and the Philippines owing to the high rate of road accidents and increasing sales of high-end vehicles in the Asia Pacific region. This bodes well for the growth of the regional market
• Some of the key players in the market are Siemens; SICK AG; Pepperl+Fuchs GmbH; Omron Corporation; Murata Manufacturing Co., Ltd.; Ifm electronic GmbH; Hans Turck GmbH & Co. KG; Baumer; Banner Engineering Corp.; and Balluff Inc.

Ultrasonic Sensors Market Segmentation

Grand View Research has segmented the global ultrasonic sensor market based on technology, type, end-use, and region:

Ultrasonic Sensors Technology Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Retro-reflective Sensor
• Through-beam Sensor
• Others

Ultrasonic Sensors Type Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Level Measurement
• Distance Measurement
• Obstacle Detection
• Others

Ultrasonic Sensors End-use Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Consumer Electronics
• Automotive
• Aerospace & Defense
• Healthcare
• Industrial
• Others

Ultrasonic Sensors Region Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Ultrasonic Sensors Market

• Balluff Inc.
• Banner Engineering Corp.
• Baumer
• Hans Turck GmbH & Co. KG
• Ifm electronic GmbH
• Murata Manufacturing Co., Ltd.
• Pepperl+Fuchs GmbH
• SICK AG
• Siemens

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.