Automotive Aftermarket to Exhibit Impressive Growth During 2021– 2028: Grand View Research Inc.

 Automotive Aftermarket Growth & Trends

The global automotive aftermarket is expected to reach USD 529.25 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 3.8% from 2021 to 2028. Digitalization of automotive repair & component sales complemented by advanced technology incorporations in the automobile aftermarket component manufacturing is expected to boost the market growth. The surging reception of semi-autonomous, electric vehicles, and hybrid and autonomous cars in the years to come is further expected to bolster the demand for new components.

Furthermore, the increasing vehicle penetration is driven by the overall improvement of lifestyle in developing countries, such as India and Brazil, and is expected to drive the growth of the automobile industry in these regions. Similar surges in the automotive manufacturing sector across various regions along with the increasingly stringent emissions norms are expected to drive the growth of the aftermarket component sales over the forecast period. Third-party services and technology offer new and profitable revenue streams, to leverage all these opportunities. Also, the industry requires investment in product development, supply chain, organizational design, and pricing model to create a great surge in demand.

To support the initiatives for leveraging the market foothold, the manufacturers in developing countries are adopting various strategies, including mergers, acquisitions, and partnerships. Asia Pacific is expected to be the fastest-growing region over the forecast period, owing to its developing living standards and high vehicle production. It is also anticipated to be the fastest-growing market in automobile production. With the growing penetration and acceptance of gas and hybrid electric cars, specialized repair centers dedicated to the repair of particular vehicles are expected to increase. The global aftermarket is expected to witness tremendous growth due to an upsurge in the number of vehicle collisions along with the inclination of owners toward the repair of their automobiles.

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Automotive Aftermarket Report Highlights

• The market is estimated to grow significantly over the forecast period, owing to an increase in the number of lightweight vehicles coupled with the increasing age of the light vehicle fleet
• While technological advancement erupted the challenges and disruption for the manufacturing industry, it has also brought opportunities and real growth
• Innovative business models and solutions provided by the manufacturers and growing investment in the same are expected to create sustainable growth opportunities for the market
• North America has a higher technology adoption rate, which is anticipated to result in faster and higher adoption of hybrid electric automobiles in the region as compared to the other geographies
• The global aftermarket is anticipated to witness a phase change attributable to the growing proportion of specialized automotive collision repair centers that are dedicated to serving specific vehicles such as alternate fuel-powered vehicles

Access Press Release@ https://www.grandviewresearch.com/press-release/global-automotive-aftermarket-industry

Automotive Aftermarket Segmentation

Grand View Research has segmented the global automotive aftermarket based on the replacement parts, distribution channel, service channel, certification, and region:

Automotive Aftermarket Replacement Parts Outlook (Revenue, USD Billion, 2017 - 2028)

• Tire
• Battery
• Brake Parts
• Filters
• Body Parts
• Lighting & Electronic Components
• Wheels
• Exhaust Components
• Turbochargers
• Others

Automotive Aftermarket Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2028)

• Retailers
  • OEMs
  • Repair Shops
• Wholesalers & Distributors

Automotive Aftermarket Service Channel Outlook (Revenue, USD Billion, 2017 - 2028)

• DIY (Do It Yourself)
• DIFM (Do It for Me)
• OE (Delegating to OEM’s)

Automotive Aftermarket Certification Outlook (Revenue, USD Billion, 2017 - 2028)

• Genuine Parts
• Certified Parts
• Uncertified Parts

Automotive Aftermarket Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players in the Automotive Aftermarket

• 3M Company
• Continental AG
• Cooper Tire & Rubber Company
• Delphi Automotive PLC
• Denso Corporation
• Federal-Mogul Corporation
• HELLA KGaA Hueck & Co.
• Robert Bosch GmbH
• Valeo Group
• ZF Friedrichshafen AG

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.

Healthcare Smart Beds Market to Expand at a CAGR of 7.6% Through 2028: Grand View Research Inc.

 Healthcare Smart Beds Market Growth & Trends 

The global healthcare smart beds market size is expected to reach USD 740.6 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.6% from 2021 to 2028. Hospital beds are the most utilized component in hospitals. Patients spend extended periods of time on these beds, which makes it vital for hospitals, nursing homes, and other healthcare settings to ensure the quality and comfort of these beds in order to aid the fast recovery of patients. The introduction and incorporation of smart technologies in hospital beds in recent years have greatly assisted nursing and healthcare staff in recording, monitoring, and analyzing minute details of the patients’ health for effective patient care.

There has been a rising demand for precise and rapid medical care across the globe and early detection of any changes in vital signs is crucial for the proper monitoring of the patient. These medical smart beds are becoming an important resource in assisting medical teams for the continuous monitoring of patients and numerous studies have shown their efficacy in healthcare settings. A recent study conducted by Harvard Medical School highlighted that the use of smart beds could help in reducing code blue events by 86% and as a result, this reduces the average stay of ICU patients who have been transferred from the surgical unit by 45%.

With the rising demand for comfort in hospitals, increasing healthcare expenditure, and emerging technological advancements, the demand for smart beds is also rising across the healthcare sector. Smart beds are integrated with sensors and control panels that monitor and relay the vitals of patients for timely intervention. Home healthcare has been gaining significant traction across the globe as it helps save considerable costs for patients. A majority of the cost of hospital treatments is associated with high-quality facilities and amenities at the hospitals. This is driving families of patients with chronic illnesses to invest in smart beds so that they can take care of the patients from the comfort of their own homes without any additional cost.

Companies are introducing new innovative products to address the evolving needs of hospitals and gain a competitive edge over other manufacturers. For instance, in October 2020, Stryker launched a new smart bed called ProCuity, which is a completely wireless hospital bed with a number of smart patient monitoring features. ProCuity has been incorporated with Stryker’s Secure Connect technology, which helps in providing a wireless method to connect to nurse call systems. The nurse call system helps in streaming parameters such as bed configuration, exit alarms, the position of side rails, and movement to hospital information systems (HIS). This helps in keeping a note of all important readings and observe the changes.

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Healthcare Smart Beds Market Report Highlights

• By application, the hospitals segment is projected to expand at the fastest CAGR in terms of revenue as well as volume from 2021 to 2028 owing to the rising incidences of in-patient admissions due to chronic ailments, such as cancer, kidney failure, and heart diseases
• In terms of revenue, North America dominated the market by accounting for over 55.0% share in 2020. This is attributed to the augmented usage of healthcare smart beds in acute care or long-term care facilities
• Europe is projected to expand at the fastest revenue-based CAGR of 7.8% from 2021 to 2028 owing to the increasing demand for better healthcare among the aging population and growing investment in smart technologies

Access Press Release@ https://www.grandviewresearch.com/press-release/global-healthcare-smart-bed-market

Healthcare Smart Beds Market Segmentation

Grand View Research has segmented the global healthcare smart beds market on the basis of application and region:

Healthcare Smart Bed Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Hospitals
• Outpatient Clinics
• Medical Nursing Homes
• Medical Laboratory and Research

Healthcare Smart Bed Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain

List of Key Players of Healthcare Smart Beds Market

• Stryker Corporation
• Hill-Rom Holdings Inc.
• Invacare Corporation
• Paramount Bed Holdings Co., Ltd.
• LINET
• Joerns Healthcare LLC
• Stiegelmeyer GmbH & Co. KG
• Arjo
• Völker GmbH
• Favero Health Projects SpA

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.

Malaysia Car Wash Service Market Poised to Expand at a Robust Pace of USD 1.02 Billion Over 2028: Grand View Research Inc.

 Malaysia Car Wash Service Market Growth & Trends

The Malaysia car wash service market size is expected to reach USD 1.02 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.8% from 2021 to 2028. The market growth can be primarily attributed to the increasing focus of consumers on vehicle maintenance. Road dirt, particulate matter, bird droppings, and airborne pollution, along with additional contamination from salt deposits during winter months, present a constant threat to the car bodywork. This has led to an increased demand for car wash services. It has also been observed that clean vehicles have reduced operating costs and longer lifespans.

As the lives of customers become busier, time has become even more precious. This has given rise to the trend of Do-It-For-Me (DIFM) services. Consumers across the globe are facing a time crunch due to their fast-paced lives and they have almost no time for DIY activities. Hence, they are looking for service providers who will perform such services for them. One such service is a car wash, since it is affordable, saves time, and the car gets professional attention.

There are various small and medium players operating in the Malaysian market for car wash services. Most of these companies have a strong local presence while very few have a region-wide or country-wide presence. Players are adopting different strategies to gain major market share. For instance, 1L Car Wash is planning the expansion of its portfolio to include new and more customized services. Some companies such as Topbest Car Grooming Centre use only eco-friendly products to stand out in the market. Other players such as CARS International offer premium members heavy discounts on their services to attract more customers. The price of an average car wash in Malaysia ranges from USD 5 to USD 25.

Competition in the market is intense as the number of cars and car stations is increasing. Operators in the market are introducing new strategies to gain market share and increase their profitability. As per the Car Wash Association Malaysia (CWAM), there are around 1,000 car wash locations in the organized market in Malaysia, resulting in increased competition among the operators.

Many petrol stations in the Malaysian market also offer various additional services including car wash at their stations to increase profits and gain more consumers. For instance, Pen Petroleum Sdn Bhd is a player in the petroleum retailing industry in Malaysia. It began operations with a network of 13 Caltex-branded service stations located strategically across the country, complementing the retail network of Chevron Malaysia Limited in the Peninsular. By mid-2010, it had expanded to a network of more than 130 petrol stations across the country. Several of these petrol stations have convenience stores operated by the Xpress Point brand.

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Malaysia Car Wash Service Market Report Highlights

• By type, the roll-over/in-bay car wash segment is projected to expand at the fastest CAGR of 4.7% from 2021 to 2028
• The manual car wash type segment dominated the market with a share of over 75.0% in 2020, owing to the low cost of this service type compared to the automatic car wash service
• Operators in the market are focusing on offering additional services, such as waxing, polishing, and coating, to ensure higher profit margins and increase the profitability of the business

Access Press Release@ https://www.grandviewresearch.com/press-release/malaysia-car-wash-services-market-analysis

Malaysia Car Wash Service Market Segmentation

Grand View Research has segmented the Malaysia car wash service market on the basis of type:

Malaysia Car Wash Services Type Outlook (Revenue, USD Million, 2016 - 2028)

• Tunnels
• Roll-over/In-bay
• Self-service
• Manual

List of Key Players of Malaysia Car Wash Service Market

• UNITEC Textile Decoration Co., Ltd.
• Call2wash Global Sdn Bhd
• 1L Car Wash
• Topbest Car Grooming Centre
• CARS International
• Supwave Car Wash

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.

Plastics Market is Anticipated to Rise at a CAGR of 3.4% from 2021 to 2028: Grand View Research Inc.

 

Plastic Market Growth & Trends

The global plastic market size is expected to reach USD 750.1 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 3.4% from 2021 to 2028. Increasing automotive production and a subsequent rise in plastic consumption in automotive component fabrication because of regulatory policies pertaining to vehicular weight reduction and fuel efficiency are expected to drive the market over the forecast period. Plastics facilitate fuel saving in automotive applications on account of reduced car weight and density as compared to conventional materials, such as metals or rubber.

Since the last decade, there has been a substantial demand for the products as a replacement for metals and ferrous alloys across various industries, such as consumer goods, automotive, and industrial machinery. The growth of the market criticality lies in various factors, such as the ever-increasing requirement of end users in terms of product specification and versatility influencing consumption dynamics. Other factors such as socio-political, production process, and feedstock availability events also have a significant impact on industry trends.

Rapidly developing construction and automobile markets in Asia Pacific are expected to increase the demand for plastics in interiors, exteriors, and under the hood components. Its major applications include under the hood components in the automotive industry, building interiors and exteriors in the construction and infrastructure industries, and various applications in electronics and durables.

The outbreak of COVID-19 is fueling the demand for plastics in the medical end-use industry. Companies are focusing on stepping up their resources and production capabilities to meet the rising demand. For instance, in April 2020, Exxon Mobil Corporation announced to increase the monthly production of specialized polypropylene by 1,000 tons to meet the growing need for medical masks and gowns owing to the spread of coronavirus. This surge in the production of polypropylene is expected to help medical masks and gown manufacturers to produce an additional 20 million gowns or 200 million medical masks.

The extrusion application segment is anticipated to expand at a substantial growth rate over the forecast period. It is widely used to produce straws, hoses, pipes, and window frames. Increasing demand for these products from the packaging and construction industries is anticipated to create lucrative growth opportunities for the extrusion application segment during the forecast period.

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Plastic Market Report Highlights

• In terms of revenue, the packaging industry in Asia Pacific is projected to expand at a CAGR of 3.7% from 2021 to 2028
• By product, polyether ether ketone is expected to register a CAGR of 7.5% in terms of revenue during the forecast period. Increasing demand from medical applications, such as housing, valves, switches, guide components, sleeves, adapters, reducers, cylinders, and ventilators, is anticipated to positively impact the segment growth during the forecast period
• Various strategic initiatives were recorded over the past few years in order to boost the growth of the market. For instance, in August 2020, Sinopec Zhongke, China has prepared to start a new unit for the production of polypropylene (PP) in Zhanjiang by the end of August 2020. The unit possesses a production capacity of 350,000 tons/year of polypropylene

Access Press Release@ https://www.grandviewresearch.com/press-release/global-plastics-market-analysis

Plastic Market Segmentation

Grand View Research has segmented the global plastic market on the basis of product, application, end-use, and region:

Plastic Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Polyethylene (PE)
• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinyl chloride (PVC)
• Polyethylene terephthalate (PET)
• Polystyrene (PS)
• Acrylonitrile butadiene styrene (ABS)
• Polybutylene terephthalate (PBT)
• Polyphenylene Oxide (PPO)
• Epoxy Polymers
• Liquid Crystal Polymers
• Polyether ether ketone (PEEK)
• Polycarbonate (PC)
• Polyamide (PA)
• Polysulfone (PSU)
• Polyphenylsulfone (PPSU)
• Others

Plastic Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Injection Molding
• Blow Molding
• Roto Molding
• Compression Molding
• Casting
• Thermoforming
• Extrusion
• Calendering
• Others

Plastic End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Packaging
• Construction
• Electrical & Electronics
• Automotive
• Medical Devices
• Agriculture
• Furniture & Bedding
• Consumer Goods
• Utility
• Others

Plastic Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Poland
  • Spain
• China
• Asia Pacific (excluding China)
  • India
  • Japan
  • Southeast Asia
• Central & South America
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • Other CSA (Costa Rica, Cuba, Peru)
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates (UAE)
  • Oman
  • Kenya
  • South Africa

List of Key Players of Plastic Market

• BASF SE
• SABIC
• Dow Inc.
• DuPont de Nemours, Inc.
• Evonik Industries
• Sumitomo Chemical Co., Ltd.
• Arkema
• Celanese Corporation
• Eastman Chemical Company
• Chevron Phillips Chemical Co., LLC
• Lotte Chemical Corporation
• Exxon Mobil Corporation
• Formosa Plastics Corporation
• Covestro AG
• Toray Industries, Inc.
• Mitsui & Co. Plastics 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.

Cyber Security Market is Expected to Enhance $372.04 Billion Revenue By 2028: Grand View Research Inc.

 

Cyber Security Market Growth & Trends

The global cyber security market size is expected to reach USD 372.04 billion by 2028, registering a CAGR of 10.9% over the forecast period, according to a new report by Grand View Research, Inc. An increase in the number and intensity of data breaches across enterprise networks is driving the adoption of cyber security solutions and services globally. Developments in the field of digital applications and cloud-based solutions are driving the volume of cyber threat vectors and vulnerabilities. Thus, continued cyber threats and cyber-attacks are leading to a rise in sustained investment into security services and advanced solutions driving the market.

Add-ons and upgrades in the existing solutions with new features are creating avenues for threat vulnerabilities. Cyber threat actors aim to infiltrate and access unauthorized information from such vulnerabilities. To combat such threat activities, enterprises and governments across countries are implementing and timely updating their cyber security development strategies. These development strategies are inclined toward upgrading the existing security infrastructures, improving awareness, and establishing a cyber-defense workforce. For instance, in 2020, the Malaysian government introduced the Malaysian Cyber Security Strategy and allocated around USD 0.44 billion (RM 1.8 billion) for national cyber security preparedness.

The strategy comprised five pillars consisting of 113 programs, 35 action plans, and 12 strategies. The continued rise in electronification across several industries/sectors is exponentially increasing data breach risks. Market players, such as financial service providers, retailers, and telecom vendors, are relying extensively on digital channels and technologies. This, in turn, increases exposure to risks, and a cyber attack can have a multi-fold negative impact on the financial and operational aspects of an organization. The scenario has increased the emphasis on data protection and securing critical IT infrastructures.

Furthermore, growing stringency in regulations for data privacy and safety is compelling organizations to create an additional layer in the security framework, driving the market growth. The market in Asia Pacific is anticipated to register the fastest CAGR over the forecast period. The growing instances of cybercrimes in Asian countries over the years and the increasing adoption of advanced technologies and mobile endpoints across businesses are driving the regional market. Disruption in technologies is increasing the market fragmentation and competition among market players. Leading players focus on product updates, new product launches, and strategic initiatives, such as mergers & acquisitions, to enhance their market position.

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Cyber Security Market Report Highlights

• The need to develop a cyber defense framework and safeguard the evolving IT infrastructure from targeted ransomware, vulnerabilities in applications, phishing attacks, and malware is compelling enterprises to adopt cyber security solutions, thereby, driving the market growth
• The increased risk of data breaches across networking systems in critical infrastructures is compelling enterprises to adopt hardware solutions, such as encrypted drives and intrusion detection systems
• These solutions help enterprises safeguard the outgoing and incoming network traffic on IP addresses
• The growing usage of mobile devices, coupled with the implementation of Bring-Your-Own-Device (BYOD) concepts across businesses, is driving the adoption of endpoint security solutions & services to defend against fraudulent email activities, ransomware, and malware
• In terms of deployment, the cloud-based segment is expected to register the fastest CAGR over the forecast period. This can be attributed to its low-cost infrastructure maintenance and flexibility in data sharing across devices and remote places
• The large enterprise segment held the maximum revenue share in 2020 due to the increased spending on security solutions and services by large-scale organizations
• The demand for security solutions and services among healthcare institutions is expected to register a significant CAGR over the forecast period owing to the proliferation of digital applications and stringency in data protection standards and laws

Access Press Release@ https://www.grandviewresearch.com/press-release/global-cyber-security-market

Cyber Security Market Segmentation

Grand View Research has segmented the global cyber security market on the basis of component, solution, services, security type, deployment, organization, application, and region:

Cyber Security Component Outlook (Revenue, USD Billion, 2016 - 2028)

• Hardware
• Software
• Services

Cyber Security Solution Outlook (Revenue, USD Billion, 2016 - 2028)

• UTM
• IDS/IPS
• DLP
• IAM
• SIEM
• DDoS
• Risk & Compliance
• Others

Cyber Security Services Outlook (Revenue, USD Billion, 2016 - 2028)

• Professional Services
• Managed Services

Cyber Security Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Endpoint
• Cloud
• Network
• Application
• Infrastructure Protection
• Data
• Others

Cyber Security Deployment Outlook (Revenue, USD Billion, 2016 - 2028)

• Cloud-based
• On-premise

Cyber Security Organization Outlook (Revenue, USD Billion, 2016 - 2028)

• SMEs
• Large Enterprises

Cyber Security Application Outlook (Revenue, USD Billion, 2016 - 2028)

• IT & Telecom
• Retail
• BFSI
• Healthcare
• Defense/Government
• Manufacturing
• Energy
• Others

Cyber Security Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Cyber Security Market

• Broadcom (Symantec Corp.)
• Check Point Software Technology Ltd.
• Cisco Systems, Inc.
• IBM
• McAfee, LLC
• Palo Alto Networks, Inc.
• Trend Micro, 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.

Digital Twin Market Precise Analysis on Business Overview, Product Scope And Ongoing Development by – 2028

 

Digital Twin Market Growth & Trends

The global digital twin market size is anticipated to reach USD 86.09 billion by 2028, according to a new study by Grand View Research Inc. It is projected to register a CAGR of 42.7% from 2021 to 2028. The spread of COVID-19 has expedited the adoption of digital twins in specific end-use industries. To work at minimum labor count with social distancing norms, end-user industries such as healthcare, agriculture, and government offices, have implemented digital twin technologies across several countries. Thus, the pandemic has resulted in providing impetus to digital twin adoption to be better prepared for any such crises in the future.

The use of a replica of an equipment or system helps improve the system’s productivity, optimize resource consumption, and ensure that the product handling is kept at a minimum, helping large organizations improve quality and productivity. Additionally, the use of digital twins also supports new business models and offers opportunities for SMBs to expand and include technological capabilities in their organizations. Owing to the benefits of a digital twin to large and small firms alike, their demand is anticipated to expand at a healthy CAGR over the next seven years.

The growing popularity of Artificial Intelligence (AI), Machine Learning (ML), and Internet of Things (IoT), coupled with the continued automation in various industries, such as automotive, defense and aerospace, and healthcare, is prompting the manufacturers to implement digital twins in their manufacturing processes to enhance their productivity and reduce the time-to-market. Furthermore, end-use industries are increasingly demanding digital twin portfolios capable of addressing specific requirements, and the leading market players are responding to this growing demand by offering different digital twin solutions tailored for specific end-use industries. Individualized digital twins are prompting end-users to adopt digital twins across their value chain, thereby driving the market growth.

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Digital Twin Market Report Highlights

• Owing to the increasing adoption of digital twin platforms across the supply chain of automotive production and selling, especially post COVID-19 pandemic, the automotive and transport segment is projected to expand at a CAGR of more than 50% over the forecast period
• Europe accounted for more than 30% of the overall market in 2020. This is attributable to the high penetration of IoT in the region, especially in Western Europe
• Key players in the market are adopting inorganic strategies to kill competition and acquire a larger market share. For instance, in January 2019, Hexagon AB announced the acquisition of j5 International, a software developer of operations management software. The acquisition would help in enhancing the company’s HxGN SDx portfolio used to create and manage digital twin

Access Press Release@ https://www.grandviewresearch.com/press-release/global-digital-twin-market

Digital Twin Market Segmentation

Grand View Research has segmented the global digital twin market based on end-use and region:

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

• Manufacturing
• Agriculture
• Automotive & Transport
• Energy & Utilities
• Healthcare & Life Sciences
• Residential & Commercial
• Retail & Consumer Goods
• Others

Digital Twin Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Digital Twin Market

• ABB
• AVEVA Group plc
• Dassault Systemes
• General Electric
• Hexagon AB
• IBM Corporation
• SAP

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.

Customer Experience Management Market to Observe Strong Development by 2028

 Customer Experience Management Market Growth & Trends

The global customer experience management market size is expected to reach USD 27.12 billion by 2028, registering a CAGR of 17.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The increasing importance of understanding consumer behavior and their preferences is driving various organizations and brands to adopt customer experience strategies for providing the best service performance in real-time. Moreover, the growing use of digital channels by consumers to communicate with brands and organizations is expected to boost market growth over the coming years. Furthermore, the companies can become better differentiators by implementing customer experience management (CEM) solutions, which are perceived to be significant in the current competitive environment.

The rising demand from buyers for a personalized experience across various industries is a significant trend escalating the market growth. Customer experience management signifies evolving sets of technologies and practices to make a constant transformation within organizations to meet and go beyond consumer expectations. Business organizations have recognized the importance of CEM as it supports them in strengthening their brand presence, increasing consumer loyalty, reducing consumer churn, and increasing business revenue.

Technological advancement is transforming the way a buyer interacts with and reacts to the brands across various channels. Currently, consumers use numerous devices to understand, evaluate, and finalize products. The digital technology disruption has helped consumers to demand a smooth experience while interacting with companies across multiple touchpoints or channels. Owing to the evolution in buyer expectations, organizations are progressively involved in restructuring their CEM strategies to successfully position and reposition their brands and products while retaining buyers as their strategic focus.

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Customer Experience Management Market Report Highlights

• Speech analytics is estimated to record the fastest CAGR from 2021 to 2028 due to its rising popularity as a result of the increasing number of voice-enabled searches and contact centers
• Moreover, speech analytics enables enterprises to identify the areas of trends, opportunities, and concerns through calls
• The mobile touch point type segment is anticipated to register the fastest CAGR over the forecast period due to the increased use of smartphones, which is encouraging enterprises to develop mobile marketing strategies
• The BFSI segment is expected to register the highest CAGR over the forecast period as CEM solutions enable BFSI enterprises to maintain their quality standards and reduce internal inefficiencies
• The cloud-based deployment segment is estimated to attain a significant market size, in terms of revenue, by 2028 as cloud technology offers the benefit of low-cost integration of a CEM system within the existing business environment
• The Asia Pacific regional market is anticipated to register the highest CAGR over the forecast period due to the presence of call centers, increasing trend of social media marketing, and the growing emphasis on CEM and buyer satisfaction across industries and sectors

Access Press Release@ https://www.grandviewresearch.com/press-release/global-customer-experience-management-cem-market

Customer Experience Management Market Segmentation

Grand View Research has segmented the global customer experience management market based on analytical tools, touch point type, deployment, end-use, and region:

CEM Analytical Tools Outlook (Revenue, USD Million, 2016 - 2028)

• EFM Software
• Speech Analytics
• Text Analytics
• Web Analytics & Content Management
• Others

CEM Touch Point Type Outlook (Revenue, USD Million, 2016 - 2028)

• Stores/Branches
• Call Centers
• Social Media Platform
• Email
• Mobile
• Web Services
• Others

CEM Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• Cloud
• On-premise

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

• BFSI
• Retail
• Healthcare
• IT & Telecom
• Manufacturing
• Government, Energy & Utilities
• Construction, Real Estate & Property Management
• Service Business
• Others

CEM Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Players of Customer Experience Management (CEM) Market

• Adobe
• Avaya, Inc.
• Clarabridge
• Freshworks, Inc.
• Genesys
• International Business Machines Corporation
• Medallia, Inc.
• Open Text Corp.
• Oracle
• Qualtrics
• SAP SE
• SAS Institute, Inc.
• Service Management Group (SMG)
• Tech Mahindra Ltd.
• Verint
• Zendesk
• Miraway

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.

Patient-controlled Analgesic Pumps Market to Account for USD 580.5 Million by 2028: Grand View Research Inc.

 Patient-controlled Analgesic Pumps Market Growth & Trends

The global patient-controlled analgesic pumps market size is expected to reach USD 580.5 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2021 to 2028. Patient-controlled Analgesic (PCA) pumps offer several advantages including fewer post-operative complications, improved quality of recovery, less sedation, and minimal use of medication. Also, PCA pumps are useful among patients that have a problem in taking oral medications. Thus, the rising adoption of the medical device among patients that are unable to take oral medications is expected to drive the market. In addition, the growing trend of home healthcare during the COVID-19 pandemic is also expected to propel market growth in the coming years.

Patient-controlled analgesic pumps have positive outcomes for the pediatric postsurgical population including increasing autonomy, simplifying pain relief in the postoperative period, and maintaining stable hemodynamics. Innovative PCA techniques such as PCRA, PCEA, and noninvasive forms of PCA have extended the options available for pain treatment and are estimated to have a positive impact on market growth. Advances in the pumps including variable-rate infusions that are calculated based on patient needs for analgesic along with improved patient monitoring are anticipated to enhance the use of such techniques during the forecast timeframe.

Rising cases of chronic pain disorders including cancer, rheumatoid arthritis, and fibromyalgia are anticipated to boost the market growth. For instance, as per the CDC, in 2019 around 20.4% of adults had chronic pain. Chronic pain increases with age and is highest among adults aged 65 and above. Hence, the rising occurrence of chronic pain among adults is anticipated to create robust growth opportunities in the market.

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Patient-controlled Analgesic Pumps Market Report Highlights

• North America accounted for the largest revenue share in 2020. Increased healthcare awareness among individuals about pain management is anticipated to fuel the regional growth
• By type, the electronic segment accounted for the largest revenue share in 2020 owing to several benefits offered by electronic PCA
• By application, the oncology segment accounted for the largest revenue share in 2020 owing to high usage of patient-controlled analgesic pumps in managing sustained cancer pain
• The hospitals segment held the largest revenue share as hospital settings provide advanced treatment facilities and are equipped with technologically advanced medical devices
• The home care settings segment is projected to expand at the fastest CAGR of 6.7% over the forecast period

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Patient-controlled Analgesic Pumps Market Segmentation

Grand View Research has segmented the global patient-controlled analgesic pumps market based on type, application, end-use, and region:

PCA Pump Type Outlook (Revenue, USD Million, 2016 - 2028)

• Electronic
• Mechanical

PCA Pump Application Outlook (Revenue, USD Million, 2016 - 2028)

• Diabetes
• Oncology
• Gastroenterology
• Hematology
• Others

PCA Pump End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Home Care Settings

PCA Pump Regional Outlook (Revenue, USD Million, 2016 - 2028) 

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

List of Key Players of Patient-controlled Analgesic (PCA) Pumps Market

• Baxter International Inc.
• Braun Melsungen AG
• Smiths Group plc
• Fresenius SE & Co. KGaA
• Becton, Dickinson and Company
• ICU Medical, 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.

Disposable EEG Electrode Market Trends, Company Share, Industry Growth And Future Scope: Grand View Research Inc.

 Disposable EEG Electrode Market Growth & Trends

The global disposable EEG electrode market size is expected to reach USD 921.3 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.6% from 2021 to 2028. Increasing cases of HAIs, technological advancements, and rising prevalence of neurological disorders and Acute Ischemic Stroke (AIS) are the key driving factors for the market.

Stroke is the most common cause of death, followed by heart and cancer diseases worldwide. For instance, according to the WHO, in 2016, 15.2 million deaths of the 56.9 million deaths worldwide were due to stroke. Acute Ischemic Stroke (AIS) is the most common form of stroke, caused due to reduced blood supply to the brain, making brain cells die. For instance, according to U.S. CDC, 87.0% of strokes are classified as ischemic strokes, with the U.S. being the most commonly affected country. According to Southwestern Medical Center, about 795,000 people in the U.S. suffer from a stroke every year. Furthermore, according to National Center for Biotechnology Information (NCBI), strokes occur more commonly in women than men, especially in the elderly population (aged 55 to 65).

Moreover, according to the U.K. Stroke Association, more than 100,000 strokes occur in the U.K. every year. In every 2 seconds, someone in the world is likely to have a stroke. Stroke is the fourth biggest killer in the U.K., fourth in England and wales, and third in Scotland and Northern Ireland. Around 1 in 10 patients who have a hemorrhage stroke die before reaching a hospital. In addition, according to the U.K. Stroke Association, nearly 85.0% of all strokes are AIS and 15.0% are hemorrhage stroke. Disposable EEG electrodes can be used for the early-stage detection of the stroke. Thus, the increasing prevalence of AIS is expected to drive the market over the forecast period.

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Disposable EEG Electrode Market Report Highlights

• In terms of revenue, the disposable needle electrode segment held the largest revenue share in 2020. The rising cases of hospital acquired infections across the globe is the major factor propelling segment growth
• The diagnostic segment held the largest revenue share in 2020 and is expected to witness a considerable growth rate over the forecast period due to the increasing prevalence of neurological disorders
• The hospitals segment held the largest revenue share in 2020. The segment growth is majorly driven by the increasing number of hospitals
• In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising prevalence of chronic wounds in people living in the region

Access Press Release@ https://www.grandviewresearch.com/press-release/global-disposable-eeg-electrode-market

Disposable EEG Electrode Market Segmentation

Grand View Research has segmented the global disposable EEG electrode market on the basis of product, application, end-use, and region:

Disposable EEG Electrode Product Outlook (Revenue, USD Million, 2016 - 2028)

• Needle Electrode
• Patch Electrode
• Cup Electrode
• Disk Electrode
• Others

Disposable EEG Electrode Application Outlook (Revenue, USD Million, 2016 - 2028)

• Diagnostic
• Therapeutic

Disposable EEG Electrode End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Others

Disposable EEG Electrode Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Disposable EEG Electrode Market

• Medtronic PLC
• Ambu A/S
• CONMED Corporation
• BIOPAC Systems Inc.
• Brain Scientific, Inc.
• Natus Medical Incorporated

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.

Healthcare Automatic Identification And Data Capture Market Key Players ,Industry Share ,Growth, And Forecast To 2028: Grand View Research Inc.

 Healthcare Automatic Identification And Data Capture Market Growth & Trends 

The global healthcare automatic identification and data capture market size is expected to reach USD 62.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 22.3% from 2021 to 2028. The growth is attributed majorly due to the increasing focus of pharmaceutical companies on optimizing the supply chain. For instance, in October 2020, Sandoz launched its first RFID-tagged critical injectable medicines in the U.S.

Furthermore, technological advancements by market players and favorable government policies pertaining to automatic identification and data capture (AIDC) solutions are expected to fuel the market demand in coming years. The National Health Authority of India issued new guidelines for the Ayushman Bharat scheme. These guidelines for to introduce biometric authentication at the time of admission and discharge of the patients. These types of initiatives are anticipated to propel market growth.

In recent years, RFID tools, which use wireless communication to identify and track equipment and assets, have seen strong adoption in healthcare settings. Upgrading of inventory management in pharmacies, hospitals, life and science companies, high demand for enhanced patient safety by healthcare providers, and implementation of automated processes in healthcare facilities are expected to fuel the healthcare RFID market growth during the forecast period.

The COVID-19 outbreak is also becoming an emerging driver for the adoption of biometric solutions. As the COVID-19 is revealing the importance of AIDCs around the world. Hence, it is estimated that the market will witness lucrative opportunities due to the COVID-19 outbreak.

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Healthcare Automatic Identification And Data Capture Market Report Highlights

• The biometric emerged as the largest revenue-generating segment of the healthcare AIDC market in 2020. Increasing adoption of RFID technology for AIDC services in the healthcare industry is estimated to drive market
• The hardware segment dominated the market in 2020 owing to the growing installation of RFID systems. The rising requirement for hardware-based components in the AIDC devices such as printers, scanners, readers, cards, and other such systems is expected to drive the market
• The clinical segment is expected to exhibit the fastest growth rate during the study period. Growing adoption of AIDC for clinical applications such as blood transfusion verification, medication administration, verification laboratory specimen identification is anticipated to drive the market
• Asia Pacific region has emerged as the fastest-growing market during the forecast period. Existence of a large pharmaceutical industry requiring this technology for process streamlining

Access Press Release@ https://www.grandviewresearch.com/press-release/global-healthcare-automatic-identification-data-capture-market

Healthcare Automatic Identification And Data Capture Market Segmentation

Grand View Research has segmented the global healthcare automatic identification and data capture market on the basis of technology, component, application, and region:

Healthcare AIDC Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Barcode
• RFID
• Biometric
• Others

Healthcare AIDC Component Outlook (Revenue, USD Million, 2016 - 2028)

• Hardware       
• Software
• Services

Healthcare AIDC Application Outlook (Revenue, USD Million, 2016 - 2028)

• Clinical
• Non-Clinical

Healthcare AIDC Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Healthcare Automatic Identification And Data Capture (AIDC) Market

• Datalogic S.p.A
• SICK AG
• Honeywell International Inc.
• Cognex Corporation
• Toshiba TEC Corporation
• Bluebird Inc.
• NXP Semiconductors
• SATO Holdings Corporation
• The Code Corporation
• Jadak - A Novanta Company
• Unitech Electronics Co., LTD.
• Impinj, Inc.
• Denso Wave Europe
• Avery Dennison Corporation
• TSC Auto ID 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.