Sports Technology Market Set to Surge Significantly During 2021-2028

 Sports Technology Market Growth & Trends

The global sports technology market size is expected to reach USD 36.20 billion by 2028, registering a CAGR of 16.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growth is attributed to the technological advancements that have improved the accuracy, engagement, and experience of both athletes and spectators. The technology is empowering a data-driven sports culture and providing a next-generation viewing experience.

The growing popularity of sports has triggered the need for improving operational efficiency and enhancing security in stadiums. Connected stadium technology can help in realizing a smart stadium leveraging crowd management solutions and advanced parking services, subsequently delivering a next-generation experience. A smart stadium can also provide wireless connectivity across the stadium for spectators, guests, vendors, and contractors.

Advanced technology has become more resilient and less burdensome, paving the way for new opportunities in athletics. Wearable technology is revolutionizing training by providing players’ real-time performance metrics, such as speed, distance covered, heart rate, and hydration level. Coaches and trainers can efficiently use this intricate data to design more effective training sessions and game tactics. For instance, a GPS player-tracking system can be used in soccer to record substantial data, such as distance, speed, pulse rate, acceleration rate, and impact from tackles, in real-time and can be used to prepare team strategies, assign players' positions in the game, and make substitutions.

Innovative systems based on the latest technologies are being used in most professional sporting events to help referees in making the right call. For instance, basketball referee uses instant replay, the third umpire in cricket has full access to the TV replays for certain situations, such as catch, run out, and boundaries, Video Assistance Referee (VAR) in soccer for decision review, and hawk-eye technology in tennis for ball tracking. Several leading sporting leagues have also started adopting these technologies in various forms.

North America is expected to exhibit strong growth over the forecast period. The U.S. is home to several leagues, such as National Football League (NFL), National Basketball Association (NBA), National Hockey League (NHL), and Major League Baseball (MLB). Leading players, such as Cisco Systems, Inc., IBM Corp., and SAP SE, also have a strong presence in North America. At the same time, many industry participants in the U.S. are actively reshaping their revenue-generation models, particularly to offset the setback they received from the Covid-19 pandemic, which is expected to contribute to the growth of the regional market.

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Sports Technology Market Report Highlights

• The analytics & statistics segment is expected to grow at a substantial CAGR over the forecast period due to the rising demand for on-field analytics and data-driven decision-making
• The Esports segment is expected to register the highest CAGR over the forecast period. Esports has gained traction, especially during the lockdowns implemented in various nations to control the spread of the coronavirus
• Increasing Esports penetration, a growing number of live streaming of games, and heavy investments are expected to propel the segment growth
• Asia Pacific is estimated to be the fastest-growing regional market at a CAGR of over 18% during the forecast period owing to the rising adoption of internet of things (IoT), smart devices, and social media analytics in different sports

Sports Technology Market Segmentation

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

Sports Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Devices
  • Wearables
  • Digital Signage
  • Camera
• Smart Stadium
  • Software
    • Stadium & Public Security
    • Building Automation
    • Event Management
    • Others
  • Services
• Analytics & Statistics
• Esports
  • Tickets & Merchandise
  • Sponsorship & Advertisement
  • Others

Sports Technology Sports Outlook (Revenue, USD Million, 2017 - 2028)

• American Football/Rugby
• Baseball
• Basketball
• Cricket
• Golf
• Ice Hockey
• Tennis
• Soccer
• Others

Sports Technology Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of the Asia Pacific
• South America
  • Brazil
  • Argentina
• Middle East and Africa (MEA)

List of Key Players in the Sports Technology Market

• Apple, Inc.
• ChyronHego Corp.
• Cisco Systems, Inc.
• HCL Technologies Ltd.
• IBM Corp.
• Infosys Ltd.
• Modern Times Group MTG
• Oracle
• Panasonic Corp.
• SAP SE
• Sony Corp.
• Stats LLC
• Telefonaktiebolaget LM Ericsson

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.

Optical Character Recognition Market Significant Profits Estimated to be Generated by 2028: Grand View Research Inc.

 

OCR Market Growth & Trends

The global optical character recognition market size is expected to reach USD 26.31 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 16.7% from 2021 to 2028. Digitalization plays a critical role in changing the way organizations operate. It has helped companies improve efficiency of their business processes. Enterprises are investing large amounts in technologies that can help them digitalize their work process and increase productivity. Since data is a critical element for an organization, adoption of technologies such as OCR, which enables users to convert text data in different types of documents and images into editable or accessible formats, has increased. OCR solutions are integrated with a wide range of technologies such as robotic process automation and Artificial Intelligence (AI) to enhance their capabilities.

Integration of artificial intelligence with optical character recognition has helped companies in leveraging technological capabilities of artificial intelligence such as deep learning and multi-level analysis for the more efficient processing of documents, texts, and other data in a way similar to that of humans. These advanced technologies also help to address inaccuracies that occur in OCR, thereby providing streamlined fault management. This, in turn, helps reduce costs of processing documents and increase efficiency within the organization. Furthermore, increasing penetration of optical character recognition in banks and financial institutions has bolstered the OCR market growth for B2B end-users. For instance, IntSig Information Co., Ltd. Corporation’s CamCard solution for bank card recognition is being used by over 80% of the Chinese banks and security companies.

The OCR market can be described as a highly competitive market. The market vendors are pursuing various strategic initiatives to gain a competitive edge in the market. For instance, in January 2020, Druid Enterprise Chatbots, a virtual assistants developer company, partnered with Vonage, a business cloud communications company. This partnership is anticipated to enable communication through WhatsApp messenger in the chatbots. It will incorporate AI technologies like machine learning, NLP, and OCR, among other AI technologies.

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OCR Market Report Highlights

• Significant increase in investment for advancement of OCR in startup companies is expected to remain one of the key driving factors
• Emergence of new technologies such as computer vision, machine learning, and artificial intelligence is unfolding new opportunities for industry growth
• The integration of advanced technology in OCR technology has significantly contributed to enhancing data management and data capture. Further, continuous advancements in OCR technology are expected to contribute to the growth of the OCR market positively
• Factors, including the rapid economic growth of countries, such as China and India, rising adoption of smartphones, and the developing e-commerce sector are anticipated to further fuel the Asia Pacific regional market growth

OCR Market Segmentation

Grand View Research has segmented the global optical character recognition (OCR) market based on type, vertical, end use, and region:

OCR Type Outlook (Revenue, USD Million, 2017 - 2028)

• Software
  • Desktop-Based OCR
  • Mobile-Based OCR
  • Cloud-Based OCR
    • Private
    • Public 
  • Others 
• Services
  • Consulting
  • Outsourcing
  • Implementation & Integration

OCR Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• Retail
• BFSI
• Government
• Education
• Transport and Logistics
• Healthcare
• IT & Telecom
• Manufacturing
• Others

OCR End-use Outlook (Revenue, USD Million, 2017 - 2028)

• B2B
• B2C

OCR Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Optical Character Recognition Market

• ABBYY
• Adobe
• Anyline GmbH
• ATAPY Software
• Captricity Inc.
• Creaceed S.P.R.L.
• CVISION Technologies, Inc.
• Exper-OCR, Inc.
• Google LLC
• International Business Machines Corporation
• IntSig Information Co.,Ltd. Corporation
• IRIS S.A.
• LEAD Technologies, Inc.
• Microsoft
• NAVER Corp.
• Nuance Communications, Inc.
• Open Text Corporation

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 Expected to Deliver Dynamic Progression until 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.

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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.

U.S. E-cigarette & Vape Market to Incur Meteoric Growth During 2021 to 2028: Grand View Research Inc.

 U.S. E-cigarette & Vape Market Growth & Trends

The U.S. e-cigarette & vape market size is expected to reach USD 40.25 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 27.3% from 2021 to 2028. Various factors, such as the rapid growth of vape shops in the U.S. and the increasing popularity of e-cigarettes among the youth population, is expected to drive the market growth over the forecast period. E-cigarettes and vape mods are being increasingly used by users as a substitute for smoking traditional cigarettes.

Due to the increasing health concern over the usage of conventional tobacco cigarettes, the market is expected to witness significant growth. The U.S. owns the widest e-cigarette and vape mod distribution network for sale. However, the new taxation rules among the states of the country are expected to act as potential threats to market growth during the forecast period.

Users across the globe are focusing on using personalized vaporizers. These vaporizers allow a high degree of customization by which the user can keep track of the battery strength, amount of vapor, and amount of nicotine consumed. The rapid surge in the number of available flavors that can be used to fill the cartridge is expected to drive the market growth over the forecast period.

In the U.S., the increasing usage of flavored electronic cigarettes among high school students is expected to propel the market growth. The cases of tobacco-related cancer in the U.S. are increasing. This, as a result, users are looking for alternatives to tobacco smoking, thereby driving the market growth.

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U.S. E-cigarette & Vape Market Report Highlights

• The modular devices segment is expected to emerge as the fastest-growing segment over the forecast period as these devices are known for their high vapor production. Moreover, these devices can be constantly refilled by users
• An increasing shift in consumer preferences from conventional smoking to e-cigarette and e-liquids is expected to drive the e-liquid segment growth over the forecast period. To make sure that e-liquids are harmless for consumption in e-cigarettes, e-liquid manufacturers are collaborating with research scientists to improve on the safety standards
• The online distribution channel segment is expected to emerge as the fastest-growing segment over the forecast period. Numerous players across the globe are planning and executing online advertising campaigns, which catch the attention of youth since e-cigarette and vapeare growing as a trend in the extensive social media influencer community

U.S. E-cigarette & Vape Market Segmentation

Grand View Research has segmented the U.S. e-cigarette and vape market based on product, component, and distribution channel:

U.S. E-cigarette & Vape Product Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• Disposable
• Rechargeable
• Modular Devices

U.S. E-cigarette & Vape Component Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• Atomizer
• Vape Mod
• Cartomizer
• E-liquid

U.S. E-cigarette & Vape Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Retail Store
  • Convenience Stores
  • Drug Stores
  • News Stands
  • Tobacconist
  • Specialty E-cigarette Stores

List of Key Players of U.S. E-cigarette & Vape Market

• Reynolds American Inc.
• Imperial Brands
• Altria Group, Inc.
• Japan Tobacco Inc.
• Philip Morris International
• International Vapor Group
• British American Tobacco
• Nicquid
• Shenzhen IVPS Technology Co., Ltd.
• Shenzhen KangerTech Technology Co., Ltd.

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 Payment Market to Observe Strong Development by 2028

 Digital Payment Market Growth & Trends

The global digital payment market size is expected to reach USD 236.10 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 19.4% from 2021 to 2028. The growth can be attributed to the growing volume of non-cash transactions and a rise in the fintech sector's technological developments. Various fintech companies and banks are making efforts to improve their digital offerings to meet the changing needs of customers. For instance, in January 2021, Mogo Inc., a financial technology & digital payment company, announced the shareholder's approval for the acquisition of Carta, a digital payment company. This acquisition is expected to help the former company in strengthening its presence in the market.

Biometric authentication in digital payments is expected to gain momentum in the coming years. It is a verification method that involves the biological characteristics of the person. The verifications include facial recognition, fingerprinting scanning, heartbeat analysis, and vein mapping. According to Payments Industry Intelligence, biometric authentication solutions are expected to be used to secure USD 2.5 trillion worth of mobile payment transactions by 2024.

The increase in the adoption of new technologies such as self-checkout systems in the retail industry is expected to drive market growth. In recent days, various companies are making efforts to deploy self-checkout systems in retail stores. For instance, in June 2020, Walmart, a retail company, announced the testing of its self-checkout retail stores at multiple locations in Arkansas, Fayetteville, during the pandemic. These stores will replace the traditional cashier checkout lanes with self-checkout systems.

The COVID-19 pandemic is anticipated to impact the market growth favorably in the near future. The pandemic has led to an increase in the use of mobile-based payment solutions and online sales, which are some of the major factors driving the demand for digital payment solutions globally. According to the study conducted by Accenture, transactions worth USD 7 trillion are expected to shift from cash to card and digital payments by 2023.

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Digital Payment Market Report Highlights

• In terms of deployment, the on-premise segment dominated the market in 2020. The on-premise deployment of digital payment solutions facilities secured transactions
• In terms of enterprise size, the large enterprise segment dominated the market in 2020. Many large enterprises have adopted digital payment solutions to efficiently manage their payment transactions, improve visibility of transactions, and enhance customer experience by reducing the time required to complete the payment
• In terms of end-use, the BFSI segment dominated the market in 2020. The continued digitalization of banks and other financial institutions is anticipated to drive the growth of the BFSI segment
• The increasing adoption of digital payment solutions in emerging economies such as China and India is expected to create growth opportunities for the market players in the Asia Pacific region over the forecast period

Digital Payment Market Segmentation

Grand View Research has segmented the global digital payment market based on solution, mode of payment, deployment, enterprise size, end-use, and region:

Digital Payment Solution Outlook (Revenue, USD Billion, 2016 - 2028)

• Application Program Interface
• Payment Gateway
• Payment Processing
• Payment Security & Fraud Management
• Transaction Risk Management
• Others

Digital Payment Mode of Payment Outlook (Revenue, USD Billion, 2016 - 2028)

• Bank Cards
• Digital Currencies
• Digital Wallets
• Net Banking
• Point of Sales
• Others

Digital Payment Deployment Outlook (Revenue, USD Billion, 2016 - 2028)

• Cloud
• On-premise

Digital Payment Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Large Enterprises
• Small & Medium Enterprises

Digital Payment End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• BFSI
• Healthcare
• IT & Telecom
• Media & Entertainment
• Retail & E-commerce
• Transportation
• Others

Digital Payment Regional Outlook (Revenue, 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 in the Digital Payment Market

• Aliant Payments
• Aurus Inc.
• Adyen
• Financial Software & Systems Pvt. Ltd.
• PayPal Holdings Inc.
• Novatti Group Pty Ltd.
• ACI Worldwide, Inc.
• Global Payments Inc.
• Wirecard
• Net

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.

5G Services Market Set to Record Exponential Growth by 2027: Grand View Research Inc.

 5G Services Market Growth & Trends

The global 5G services market size is estimated to reach USD 414.50 billion by 2027, registering a CAGR of 43.9% from 2021 to 2027, according to a new study by Grand View Research, Inc. Rapidly rising demand for ultra-reliable and low latency data networks capable of providing enhanced mobile connectivity is estimated to boost the market growth over the forecast period. The potential adoption of 5G services for remote patient monitoring and remote surgery applications is also anticipated to propel the market growth from 2021 to 2027.

The 5G wireless technology is expected to completely transform the transportation and logistics industry by providing seamless vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) connectivity. As such, the need to ensure a strong, seamless, and uninterrupted connectivity with autonomous vehicles is estimated to drive the adoption of 5G services. Furthermore, robust deployment of 5G network infrastructure is estimated to improve the operational efficiencies in several IoT use cases, including smart homes, smart cities, and industry 4.0. Hence, rising need for high bandwidth in order to provide reliable communication to IoT devices is expected to elevate the overall market growth over the forecast period.

In some countries such as U.S., China, and Japan, the trend of monitoring energy systems of buildings remotely is rising gradually. This is expected to open new opportunities for rolling out 5G services over the forecast period. As such, growing need for remote asset monitoring, drone control and coordination, and smart grid control is anticipated to fuel the growth of the ultra-reliable low-latency communications (uRLLC) segment over the forecast period.

Key market players such as AT&T Inc.; China Telecommunications Corporation; and Verizon Communications are investing aggressively in rolling out 5G infrastructure to provide low-latency services for faster machine-to-machine (M2M) communication. However, these market players are expected to deliberate before making investments owing to the high 5G spectrum prices. Stringent governments’ regulations and policies pertaining to the 5G wireless technology are also expected to hinder the market growth. Moreover, due to the outbreak of the COVID-19 pandemic, the governments across key countries, such as U.S., Spain, U.K., and France, have postponed the auction for 5G spectrums. This is expected to hamper the market growth over the forecast period.

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5G Services Market Report Highlights

• In North America, U.S. is anticipated to reach nearly USD 145 billion by 2027 owing to rising demand for higher data speeds for several end-use applications, including M2M communications, energy and utility management, and smart mobility management
• By communication type, the enhanced mobile broadband (eMBB) segment is anticipated to hold the largest market share by 2027 owing to the increased emphasis by key market players on rolling out high-speed and low-latency data networks for residential and commercial applications, such as video conferencing, virtual meeting, and VR/AR gaming
• Based on vertical, the manufacturing segment is expected to register the fastest CAGR of 49.0% over the forecast period owing to rapidly increasing need for seamless connectivity to drive industrial devices, including robots, and actuators
• Market incumbents are focusing on mergers and acquisitions for delivering 5G services in order to strengthen their market presence and expand their product portfolios.

5G Services Market Segmentation

Grand View Research has segmented the global 5G services market on the basis of communication type, vertical, and region:

5G Services Communication Type Outlook (Revenue, USD Billion, 2020 - 2027)

• Fixed Wireless Access (FWA)
• Enhanced Mobile Broadband (eMBB)
• Ultra-reliable and low latency communications (uRLLC)
• Massive machine-type communications (mMTC)

5G Services Vertical Outlook (Revenue, USD Billion, 2020 - 2027)

• Manufacturing
• Energy & Utility
• Media & Entertainment
• IT & Telecom
• Transportation & Logistics
• Healthcare
• Retail
• Agriculture
• O&G and Mining
• BFSI
• Construction
• Real Estate

5G Services Regional Outlook (Revenue, USD Billion, 2020 - 2027)

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

List of Key Players of 5G Services Market

• AT&T Inc.
• BT Group plc
• China Mobile Ltd.
• China Telecom Corporation Limited
• Bharti Airtel Limited
• KT Corporation
• Saudi Telecom Company
• Vodafone Group
• Deutsche Telekom AG
• SK Telecom Co., Ltd.
• Verizon Communications Inc.
• NTT Docomo
• Telecom Italia
• Sprint Corporation

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.

Real-Time Payments Market to Record an Exponential CAGR by 2028: Grand View Research Inc.

 

Real-Time Payments Market Growth & Trends

The global real-time payments market size is expected to reach USD 99.73 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 33.0% from 2021 to 2028. The growing internet penetration rate and the proliferation of smartphones are expected to drive the growth of the market over the forecast period. The initiatives being pursued by various governments across the world to promote digital payments are expected to contribute to the growth.

Digital payment solution providers are putting a strong emphasis on ensuring security while making payments using smartphones and bank cards, among other payment methods. Advances in the latest technologies, such as AI and blockchain, are particularly opening opportunities for digital payment solution providers to offer efficient and secure digital payment solutions. For instance, in October 2019, SnapPay Inc. announced the launch of a new facial recognition payment technology for retail store merchants in North America.

Technology companies, such as Facebook, Amazon, WeChat, Alipay, and Google, among others, are focusing on strengthening their presence in the market for real-time payments. For instance, in December 2020, Facebook announced that it has gone live with the payments feature on the WhatsApp messaging platform in India. The initiative fell under the company’s efforts to explore new opportunities in the market.

The outbreak of the COVID-19 pandemic is anticipated to create new opportunities for the market players. Individuals are increasingly opting for contactless payment methods as part of the efforts to arrest the spread of coronavirus. The growing preference for online shopping amid the outbreak of the pandemic is also expected to propel the growth of the market over the forecast period.

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Real-Time Payments Market Report Highlights

• The P2B segment is expected to continue dominating the market over the forecast period. The continued growth of e-commerce and m-commerce is expected to drive the segment growth
• The solution segment is expected to continue dominating the market over the forecast period. The growing consumer preference for various digital payment solutions is expected to drive the growth of the segment
• The preference for cloud-based real-time payment solutions is growing owing to their agility and the flexibility they can offer for consumers and businesses while making and receiving payments
• The increasing number of e-commerce startups across the globe is anticipated to drive the demand for real-time payment solutions over the forecast period
• Government bodies are increasingly deploying smart ticketing systems across various public transport systems, which is creating an opportunity for vendors of real-time payment solutions
• Continued digitalization in emerging economies, such as China and India, is expected to create growth opportunities for vendors of real-time payments solutions in the Asia Pacific regional market

Real-Time Payments Market Segmentation

Grand View Research has segmented the global real-time payments market based on payment type, component, deployment, enterprise size, end-use industry, and region.

Real-Time Payments Payment Type Outlook (Revenue, USD Million, 2016 - 2028)

• P2B
• B2B
• P2P
• Others

Real-Time Payments Component Outlook (Revenue, USD Million, 2016 - 2028)

• Solutions
  • Payment Gateway
  • Payment Processing
  • Security & Fraud Management
• Services
  • Advisory Services
  • Integration & Implementation Services
  • Managed Services

Real-Time Payments Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• Cloud
• On-premise

Real-Time Payments Enterprise Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprises
• Small & Medium Enterprises

Real-Time Payments End-use Industry Outlook (Revenue, USD Million, 2016 - 2028)

• Retail & E-commerce
• BFSI
• IT & Telecom
• Travel & Tourism
• Government
• Healthcare
• Energy & Utility
• Others

Real-Time Payments Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Sweden
  • Denmark
  • Switzerland
• Asia Pacific
  • China
  • India
  • Japan
  • Singapore
• South America
  • Brazil
  • Argentina
• Middle East & Africa

List of Key Players of Real-Time Payments Market

• ACI Worldwide, Inc.
• Mastercard Incorporated
• Finastra
• Visa Inc.
• PayPal Holdings, Inc.
• Fiserv, Inc.
• Fidelity National Information Services, Inc. (FIS Inc.)
• Wirecard AG
• Worldpay, Inc.
• Temenos AG
• Montran Corporation
• Volante Technologies 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.

U.S. Concrete Floor Coatings Market Set to Record Exponential Growth by 2028

 U.S. Concrete Floor Coatings Market Growth & Trends

The U.S. concrete floor coatings market size is anticipated to reach USD 420.0 million by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 4.3% over the forecast period. Increasing demand for green buildings in the country is expected to drive market growth during the forecast period. Green buildings incorporate the use of eco-friendly and lightweight materials to maintain and improve the indoor air quality and efficiency of energy, water, and other resources. The advent of VOC-free and eco-friendly products is also expected to boost the demand, thereby fueling the overall market growth over the forecast period.

In addition, increasing spending on the commercial sector is further expected to boost the market growth during the forecast period. For instance, in March 2020, the U.S. government announced an investment worth USD 2 trillion as a part of the Covid-19 response for the development of infrastructure including hospital buildings, roads, and other infrastructure. The epoxy product segment is projected to register a CAGR of 3.9% from 2021 to 2028 due to wide product usage in the flooring industry on account of its improved durability and superior toughness. These products are either water-based or solvent-based.

Epoxy floor coatings are widely preferred for garage application for improved appearance and owing to their reasonable price, better resilience to stains & tire marks, and ability to cover minor imperfections, such as flaws and spider cracks on the concrete. Moreover, the rising demand for anti-dusting products is supporting the market growth. In addition, government initiatives to provide affordable housing units are expected to fuel the growth of the residential construction industry. This, in turn, is projected to create product demand over the forecast period. For instance, the Mayor of Atlanta pledged to invest USD 1.0 billion to construct and preserve 20,000 units of affordable housing within the city of Atlanta by 2026.

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U.S. Concrete Floor Coatings Market Report Highlights

• South division dominated the overall market in 2020, both in terms of revenue and volume, and will retain the leading position throughout the forecast period
• Epoxy was the largest product segment and accounted for a market share of over 40% in 2020 and will witness steady growth over the forecast period
• Properties of epoxy, such as toughness, improved dimensional stability, and superior resistance to abrasion and UV light, are propelling its demand in residential, commercial, and industrial applications
• The commercial application segment is generating the maximum revenue owing to high product demand from restaurants & breweries, supermarkets & retail stores, educational institutions, and other commercial structures
• Key companies in the market are investing in R&D activities to develop innovative products to strengthen their market position
• For example, in September 2020, PPG Industries launched PPG Flooring coatings, which is a comprehensive line of four coating systems that comprise prime coats, base coats, and topcoats
• This product line is designed to provide optimum performance based on the specific work environment

U.S. Concrete Floor Coatings Market Segmentation

Grand View Research has segmented the U.S. concrete floor coatings market on the basis of product, application, end user, and division:

U.S. Concrete Floor Coatings Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Epoxy
• Polyurethane
• Polyaspartic
• Other

U.S. Concrete Floor Coatings Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Residential
  • Garages
  • Patios
  • Walkways
  • Basements
• Commercial
  • Restaurants & Breweries
  • Supermarkets and Retail Stores
  • Educational Institutions
  • Other Commercial
• Industrial

U.S. Concrete Floor Coatings End-user Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Do-It-Yourself (DIY)
• Professional

U.S. Concrete Floor Coatings Division Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Northeast
• Midwest
• South
• West

U.S. Concrete Floor Product Outlook (Volume, Million Square Feet; Revenue, USD Million, 2016 - 2028)

• Coated
  • Epoxy
  • Polyurethanes
  • Polyaspartics
  • Others
• Polished

U.S. Concrete Floor Application Outlook (Volume, Million Square Feet; Revenue, USD Million, 2016 - 2028)

• Residential
• Commercial

List of Key Players of U.S. Concrete Floor Coatings Market

• The Sherwin-Williams Company
• Henkel AG & Co. KGaA
• PPG Pittsburgh Paints
• Behr Paint Company
• EPMAR Corporation
• Sika Corporation

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.

Leak Detection And Repair Market to Expand with Significant CAGR During 2021 – 2028

 Leak Detection And Repair Market Growth & Trends

The global leak detection and repair market size is expected to reach USD 26.07 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 4.6% from 2021 to 2028. The growth can be attributed to the increasing oil and gas leakages in pipelines and storage tanks and the ongoing new pipeline constructions, among others. The rise in oil and gas consumption has increased the production activities of oil and gas and thereby, created the need for leak detection repair systems.

Nowadays, oil and gas companies are leveraging internet of things capabilities for leakage detection, remote area monitoring, and so on. In the oil and gas industry, IoT technology is used for monitoring pumps, compressors, and motors and detecting the temperature, dynamic pressure, and traces of gas in pipelines. Various companies are making efforts to provide internet of things-based pipeline leak detection services. For instance, in November 2020, Siemens announced its partnership with ProFlex Technologies, a provider of leak detection solutions to pipeline operators. Under this partnership, the Pipe-Safe advanced leak detection technology of ProFlex will be combined with Siemen's IoT system to enable operators to reduce the risk of gas leaks.

Government bodies across the world are making efforts to reduce methane emissions in recent days. The U.S. Environmental Protection Agency (EPA), under the government's Climate Action Plan and the Clean Air Act, is making efforts to cut down methane emissions from oil and natural gas industries. This strategic plan is aimed toward reducing methane emissions from the oil and gas industry by 40% to 45% by 2025. Methane is the key contributor to global warming, having a potential of more than 25% compared to carbon dioxide. This creates the need for leak detection and repair solutions for controlling methane leakage from oil and gas industries.

The COVID-19 pandemic is anticipated to impact the market growth favorably in the coming years. The pandemic has led to an increase in the use of UV leak detection systems for identifying leaks in mobile HVAC systems. The pandemic has led to an increase in the use of car heating systems to sanitize emergency vehicles. Thios creates the need for a leak detector as coolant leaks can lead to the risk of overheating of engines.  

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Leak Detection And Repair Market Report Highlights

• Low-cost operation, high accuracy, and sensitivity in leak detection, environmental concerns regarding emission of harmful greenhouse gases, and support provided by governments and regional associations are among the primary growth stimulants for the market
• Presence of the largest oil and gas pipeline network and concentration of major oil and gas producing and refining companies in North America are expected to offer a high-potential market for the deployment of gas leak detection, monitoring, and repair systems over the forecast period
• Major American and European oil and gas companies are focusing on increasing their presence in Asia Pacific through acquisitions and investments
• National oil companies in the Asia Pacific region such as Oil and Natural Gas Corporation, China National Offshore Oil Corporation, and Petronas are also expanding their operations to capitalize on the region’s rapidly growing market
• In terms of technology, Volatile Organic Compounds (VOC) analyzers are in demand as they detect various gases such as propane, methane, and carbon dioxide
• North America dominated the market in 2020 owing to the stringent regulations such as Leak Detection Regulations in the U.S. as well as the high adoption of advanced technologies by companies in the region

Leak Detection And Repair Market Segmentation

Grand View Research has segmented the global leak detection and repair market based on product, technology, and region:

Leak Detection And Repair Product Outlook (Revenue, USD Million, 2016 - 2028)

• Handheld Gas Detectors
• UAV-Based Detectors
• Vehicle-based Detectors
• Manned Aircraft Detectors

Leak Detection And Repair Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Volatile Organic Compounds (VOC) Analyzer
• Optical Gas Imaging (OGI)
• Laser Absorption Spectroscopy
• Ambient/Mobile Leak Monitoring
• Acoustic Leak Detection
• Audio-Visual-Olfactory Inspection

Leak Detection And Repair Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Leak Detection And Repair Market

• Aeris Technologies, Inc.
• IBM Thomas J. Watson Research Center
• Bridger Photonics, Inc.
• LI-COR, Inc.
• Duke University
• Colorado State University
• Palo Alto Research Center
• Maxion Technologies Inc.
• Rebellion Photonics
• Physical Sciences Inc.
• Avitas Systems
• PrecisionHawk
• SeekOps, Inc.
• Advisian
• Ball Aerospace & Technologies Corp.
• Gas Ops Leak Detectives, LLC (G.O.L.D. LLC).
• Guideware Systems, LLC.
• Summit Inspections Services, Inc.
• GHD, Inc.
• ERM Group, Inc.
• AECOM
• Guardian Compliance
• ABB Ltd.
• Chicago Bridge & Iron Company N.V.
• Heath Consultants
• ENCOS, Inc.
• Team Inc.
• VelocityEHS
• Picarro Inc.
• Microdrones GmbH
• Boreal Laser Inc.
• Kairos Aerospace

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 Trends, Company Share, Industry Growth And Future Scope: 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.

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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.

Video Streaming Market to Mark a Highest CAGR of 21.0% Through 2028: Grand View Research Inc.

Video Streaming Market Growth & Trends

The global video streaming market size is expected to reach USD 223.98 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 21.0% from 2021 to 2028. Rising technological advancements such as the implementation of block-chain technology in video streaming and the use of artificial intelligence to improve video quality are expected to boost the demand for the market over the forecast period. Furthermore, the growing adoption of cloud-based video streaming solutions for increasing the reach of video content is directly influencing the growth. This trend is observed in numerous parts of the North American and Asia Pacific regions. The reasons attributing to the growth of the market are rapid digitalization, increasing use of mobiles and tablets, and the growing popularity of online video streaming.

The factors such as the rising demand for on-demand video and extensive growth of online video are the key growth drivers for the market. Also, the increasing demand for high-speed internet connectivity acts as an advantage for the market to grow over the forecast period. The growing acceptance of smartphones in combination with an extensive range of high-speed internet technologies such as 3G, 4G, and LTE has substantially led to the increasing use of video streaming. Also, the growing demand for devices that can support digital media is helping consumers to access media content anywhere across the world.

The market can be categorized, based on streaming type, into live video and non-linear video. The streaming of content via the internet and which can be displayed by the viewer in real-time can be defined as live video streaming. Further key findings from the report suggest that a live video segment is expected to portray the highest growth over the forecast period. In contrast, the non-linear video segment is expected to grow over the forecast period majorly due to the increasing demand for streaming of content via the internet and which can be viewed in real-time.

Further, the COVID-19 outbreak requires people to stay indoors and confine themselves at home for a prolonged period. This situation is expected to have a positive impact on video streaming services’ viewership and engagement. Moreover, it has resulted in an increased need for entertainment, thus resulting in higher consumption of video streaming services. The viewership of video streaming services has drastically risen across the globe, several video streaming platforms, including Netflix, Amazon Prime Video, YouTube, Disney+ have registered a spike in the viewership worldwide.

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Video Streaming Market Report Highlights

• The increasing usage of videos in corporate training and the impact of video streaming in the education sector are anticipated to drive the market growth
• The over-the-top (OTT) segment is expected to expand at the highest CAGR over the forecast period
• The Asia Pacific regional market is expected to have significant growth over the forecast period, majorly due to the increasing demand for high-speed internet connectivity and the growing demand for on-demand video streaming
• The key players in the market are Akamai Technologies; Amazon Web Services, Inc.; Apple Inc.; Cisco Systems, Inc.; Google; Kaltura, Inc.; Netflix; International Business Machine Corporation (IBM Cloud Video); Wowza Media Systems, LLC; AT&T Intellectual Property; and Hulu

Video Streaming Market Segmentation

Grand View Research has segmented the global video streaming market based on streaming type, solution, platform, service, revenue model, deployment type, user, and region:

Video Streaming Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Live Video Streaming
• Non-Linear Video Streaming

Video Streaming Solution Outlook (Revenue, USD Billion, 2017 - 2028)

• Internet Protocol TV
• Over-the-Top (OTT)
• Pay-TV

Video Streaming Platform Outlook (Revenue, USD Billion, 2017 - 2028)

• Gaming Consoles
• Laptops & Desktops
• Smartphones & Tablets
• Smart TV

Video Streaming Service Outlook (Revenue, USD Billion, 2017 - 2028)

• Consulting
• Managed Services
• Training & Support

Video Streaming Revenue Model Outlook (Revenue, USD Billion, 2017 - 2028)

• Advertising
• Rental
• Subscription

Video Streaming Deployment Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Cloud
• On-Premises

Video Streaming User Outlook (Revenue, USD Billion, 2017 - 2028)

• Enterprise
  • Corporate Communications
  • Knowledge Sharing & Collaborations
  • Marketing & Client Engagement
  • Training & Development
• Consumer
  • Real-Time Entertainment
  • Web Browsing & Advertising
  • Gaming
  • Social Networking
  • E-Learning

Video Streaming Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of Video Streaming Market

• Akamai Technologies
• Amazon Web Services, Inc.
• Apple Inc.
• Cisco Systems, Inc.
• Google LLC
• Kaltura, Inc.
• Netflix, Inc.
• International Business Machine Corporation (IBM Cloud Video)
• Wowza Media Systems, LLC
• Hulu, 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.

End Stage Renal Disease Market Predicted to Witness Steady Growth During the Forecast Period 2021-2028: Grand View Research Inc.

 End Stage Renal Disease Market Growth & Trends

The global end stage renal disease market size is anticipated to reach USD 193.8 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.7% from 2021 to 2028. The increasing number of patients suffering from end stage renal disease (also known as kidney failure) and the rising prevalence of hypertension and diabetes are fueling the market growth.

Chronic kidney disease (CKD) is one of the major causes of increasing kidney failure rates among patients. According to the CDC, it is estimated that more than 37 million people in the U.S. suffer from CKD, whereas globally more than 500 million people (12-18% of the world population) are affected.

The COVID-19 pandemic has impacted the healthcare industry and people suffering from end stage renal disease (ESRD) are at a higher risk of contracting this virus as they have to visit the hospitals often for dialysis. Center-based hemodialysis is the main renal replacement medium in most countries, with almost 90% of the ESRD population opting for it. Hemodialysis patients have to stay in hospitals for 4 hours minimum, 3 times a week, and come in frequent contact with the medical staff and other patients. All these factors increase their risk of infection.

Technological advancements including the innovation of wearable artificial kidney (WAK) in the treatment of renal failure are expediting the overall market growth. WAK is a portable dialysis device designed to enable patients to live healthier as it controls blood pressure, improves clearance of wastes from the blood, and allows ESRD or CKD patients for a less strict diet, resulting in lower fluid weight gain in addition to lowered stress on the heart. Thus, technical advancements in WAK have the potential to reduce mortality in dialysis patients, which thereby improves an ESRD patient’s quality of life. The WAK prototypes designed and patented by innovative firms have been approved for human clinical trials by the U.S. FDA in 2016.

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End Stage Renal Disease Market Report Highlights

• By treatment, the dialysis segment dominated the ESRD market in 2020 owing to its ease of use and emergency convenience
• The transplant treatment segment is expected to expand at the highest CAGR from 2021 to 2028
• Asia Pacific dominated the market in 2020 owing to the large population of patients with CKD/ESRD and greater incidence of hypertension and diabetes in the region

End Stage Renal Disease Market Segmentation

Grand View Research has segmented the global end stage renal disease market on the basis of treatment and region:

End-Stage Renal Disease Treatment Outlook (Revenue, USD Million, 2016 - 2028)

• Transplant
• Dialysis
  • Peritoneal Dialysis
  • Hemodialysis
  • Wearable Artificial Kidney

End-Stage Renal Disease Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of End Stage Renal Disease Market

• Nipro Corporation
• Fresenius Medical Care AG & Co. KGaA
• Baxter International, Inc.
• Medtronic Plc
• Braun Melsungen AG
• BD
• Asahi Kasei Medical Co., Ltd.
• Cantel Medical
• Nikkiso Co., Ltd.
• JMS Co. Ltd.

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.

Intragastric Balloon Market to Surpass $100.2 Million by 2028

 

Intragastric Balloons Market Growth & Trends

The global intragastric balloons market size is expected to reach USD 100.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.9% from 2021 to 2028. The rise in obesity and increasing demand for minimally invasive procedures are anticipated to be key market drivers.

Intragastric balloons are one of the most widely adopted endoscopic bariatric therapy devices in clinical settings. This can be attributed to complications associated with surgical weight loss treatments and the low eligibility criteria for surgical options leading to a rise in demand for effective minimally invasive weight-loss treatment options.

The safety concerns associated with the inflatable medical device are anticipated to make the pre-market and post-market scrutiny process of these devices by the regulatory authorities more stringent. For instance, in 2019, Apollo Endosurgery Inc., revised the labeling of its Orbera Intragastric Balloon System to include contradiction clarifications, precautions related to anticholinergic and psychotropic medications, and updated U.S. adverse event tables after it received an FDA safety letter.

Nonetheless, the extensive research activities related development of innovative and novel systems and up-gradation of existing intragastric balloons to overcome the shortcomings of the traditional inflatable medical devices are anticipated to facilitate market growth.

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Intragastric Balloons Market Report Highlights

• According to The American Society for Metabolic and Bariatric Surgery (ASMBS) data, nearly 5,000 intragastric balloon implantations have been conducted since their U.S. FDA approval
• The single segment held the largest revenue share of the market in 2020 while the triple segment is expected to grow at a fast pace
• The gas-filled segment is anticipated to witness lucrative growth over the forecast period
• The hospital segment held significant revenue share in 2020 while the ambulatory surgical centers segment is expected to grow at a rapid pace
• The endoscopy segment dominated the market in 2020 and the pill form segment is expected to witness lucrative growth over the forecast period
• North America dominated the market in 2020 due to the presence of a large obese population and high adoption of bariatric procedures. In Asia Pacific, the market is expected to witness remunerative growth over the forecast period
• As of January 2019, Apollo Endosurgery has discontinued the sales and distribution of its ReShape Balloon

Intragastric Balloons Market Segmentation

Grand View Research has segmented the intragastric balloons market on the basis of administration, balloon type, filling material, end use, and region:

Intragastric Balloons Administration Outlook (Revenue, USD Million, 2016 - 2028)

• Pill Form
• Endoscopy

Intragastric Balloons Type Outlook (Revenue, USD Million, 2016 - 2028)

• Single
• Dual
• Triple

Intragastric Balloons Filling Material Outlook (Revenue, USD Million, 2016 - 2028)

• Saline Filled
• Gas Filled

Intragastric Balloons End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Ambulatory surgical centers

Intragastric Balloons Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • The Netherlands
  • Belgium
  • Switzerland
  • Turkey
  • Poland
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Thailand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Colombia
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Egypt

List of Key Players of Intragastric Balloons Market

• Apollo Endosurgery, Inc.
• Obalon Therapeutics, Inc.
• Allurion Technologies, Inc.
• Spatz3
• Helioscopie
• Endalis
• MEDSIL
• ReShape Medical, Inc.
• Lexel Medical

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.

Impact of Existing and Emerging Intracranial Aneurysm Market Trends And Forecast 2028: Grand View Research Inc.

 Intracranial Aneurysm Market Growth & Trends

The global intracranial aneurysm market size is expected to reach USD 2.10 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.9% from 2021 to 2028. The increasing incidence rate of brain aneurysms worldwide and the growing number of patients suffering from hypertension are driving the market.

A brain aneurysm (also acknowledged as a cerebral aneurysm) is a bulge or ballooning in the blood vessel inside the brain, which usually appears in the lower area of the brain. This may leak or rupture and cause bleeding into the space around the brain leading to brain hemorrhage, stroke, or death. Currently, the cause of brain aneurysms is not clearly understood. However, several factors associated withthis disease include brain injury, aging, atherosclerosis infection, hereditary, sedentary lifestyle, and hypertension. Few prominent symptoms include cranial nerve palsy, localized headache, and double vision. Thus, the increasing number of patients suffering from an intracranial aneurysm is significantly fueling market growth.

In addition, technological advancements in the treatment of intracranial aneurysms are expediting the overall market growth. Treatment of this cerebrovascular disorder has improved due to innovative devices, such as balloons, microcatheters, microwires, and stents. Therefore, complications related to treatment have been reduced with the help of these technological advancements.

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Intracranial Aneurysm Market Report Highlights

• Based on type, the endovascular coiling segment dominated the market in 2020 with a share of 85.25% due to increasing application in minimally invasive neurosurgeries and its easy access to multiple aneurysms in the distant area
• On the basis of end use, the hospitals segment dominated the market in 2020 with a share of 88.95%. Intracranial aneurysm procedures are amongst the most complicated surgeries that are dependent on high quality and durable equipment available in hospitals
• North America dominated the market with a revenue share of 27.17% in 2020owing to the growing aging population and high incidence of hypertension and stroke in the region
• Manufacturers are focusing on the introduction of innovative medical devices, growth strategies, and technological advancements. For instance, in April 2019, Stryker launched a flow diverter for the treatment of brain aneurysm

Intracranial Aneurysm Market Segmentation

Grand View Research has segmented the global intracranial aneurysm market on the basis of type, end use, and region:

 Intracranial Aneurysm Type Outlook (Revenue, USD Million, 2016 - 2028)

• Surgical Clipping
• Endovascular Coiling
• Flow Diverters
• Others

Intracranial Aneurysm End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Others

Intracranial Aneurysm Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Intracranial Aneurysm Market

• Medtronic
• Microport Scientific Corporation
• Braun
• Stryker
• Johnson and Johnson Services Inc.
• MicroVention Inc. (Terumo Corporation)
• Codman Neuro (Integra Lifesciences)

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.