Private 5G Network Market Set to Record Exponential Growth by 2028: Grand View Research Inc.

 

Private 5G Network Market Growth & Trends

The global private 5G network market size is estimated to reach USD 14.28 billion by 2028, registering a CAGR of 39.7% from 2021 to 2028, according to a new study by Grand View Research, Inc. Significantly growing demand for ultra-reliable low-latency connectivity with an extremely secure network across several mission-critical applications, such as public safety, is expected to boost the deployment of private 5G networks during the forecast period. Moreover, a wide range of industries, including manufacturing, oil & gas, mining, and energy & utility, are investing a massive amount in deploying private 5G telecom service to enhance their overall productivity and operational efficiency. As a result, it is expected to foster market growth from 2021 to 2028.

The private 5G network 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 secure, seamless, and uninterrupted connectivity with ports, vessels, and ships is estimated to drive the market. At the same time, the continued deployment of private 5G infrastructure is estimated to improve the operational efficiencies in several Industrial IoT (IIoT) use cases. The IIoT use cases include Automated Guided Vehicles (AGV), wireless UHD cameras, machine control systems, collaborative/cloud robots, and remote asset monitoring. Thus, the rising need for higher and secure bandwidth to ensure reliable and unified communication between IIoT devices is expected to propel the market growth over the forecast period.

Key market players are strategically building partnerships with industry giants to set up a private 5G network to provide high-speed secure connectivity to their customers. For instance, in Feb 2020, Nokia Corporation deployed a private 5G network infrastructure for Lufthansa Technik for virtual inspection of engine parts remotely for its civil aviation clients. Moreover, the rising demand for enhanced bandwidth connectivity for secured enterprise applications is anticipated to fuel the adoption of private 5G services globally.

Due to the ongoing Covid-19 pandemic, several key countries, such as the U.S., France, the U.K., and Australia, have temporarily postponed the 5G spectrum auctions. The pandemic has also hampered the production and supply of major telecom equipment needed to deploy the network infrastructure. As a result, it is anticipated to slow market growth over the forecast period.

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Private 5G Network Market Report Highlights

• The hardware segment led the global market accounting for a revenue share of over 56% in 2020 and will retain its dominance throughout the forecast period
• This growth is credited to the increasing deployment of private 5G service, RAN, and backhaul and transport equipment for various mission-critical applications
• With the growing need to provide unified connectivity with low latency to several industrial sensors, the manufacturing sector is anticipated to witness huge market growth over the forecast period
• The sub-6 GHz segment is expected to attain the highest market share by 2028 due to the massive allocation of sub-6 GHz frequencies by communication service providers to deliver network services
• With a rising need to avail affordable and highly secure band of the frequency spectrum for Massive Machine Type Communication (mMTC), the unlicensed/shared spectrum segment is anticipated to account for a significant market share by 2028
• Prominent players are strategically focusing on establishing partnerships to deploy the network in customers’ premises to deliver secure and enhanced wireless connectivity

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Private 5G Network Market Segmentation

Grand View Research has segmented the global private 5G network market on the basis of component, frequency, spectrum, vertical, and region:

Private 5G Network Component Outlook (Revenue, USD Million, 2020 - 2028)

• Hardware
  • Radio Access
  • Core
  • Backhaul & Transport
• Software
• Services
  • Installation & Integration
  • Data Services
  • Support & Maintenance

Private 5G Network Frequency Outlook (Revenue, USD Million, 2020 - 2028)

• Sub-6 GHz
• mmWave

Private 5G Network Spectrum Outlook (Revenue, USD Million, 2020 - 2028)

• Licensed
• Unlicensed/Shared

Private 5G Network Vertical Outlook (Revenue, USD Million, 2020 - 2028)

• Manufacturing
  • Food & Beverages
  • Automotive
  • Pharmaceuticals
  • Electrical & Electronics
  • Heavy Machinery
  • Clothing & Accessories
  • Others
• Energy & Utilities
• Transportation & Logistics
• Defense
• Enterprises & Campus
• Mining
• Healthcare/Hospitals
• Oil & Gas
• Retail
• Agriculture
• Smart Cities
• Others

Private 5G Network Regional Outlook (Revenue, USD Million, 2020 - 2028)

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

List of Key Players of Private 5G Network Market

• Telefonaktiebolaget LM Ericsson
• Nokia Corp.
• Huawei Technologies Co., Ltd.
• Samsung
• ZTE Corp.
• Deutsche Telekom
• Juniper Networks
• AT&T Inc.
• Verizon Communications
• Altiostar
• Mavenir
• BT Group
• T-Systems International GmbH
• Cisco Systems, Inc.
• Vodafone 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.

Robotic Process Automation Market to Incur Meteoric Growth During 2021 to 2028: Grand View Research Inc.

 

Robotic Process Automation Market Growth & Trends

The global robotic process automation market size is expected to reach USD 13.74 billion by 2028, according to a new report by Grand View Research, Inc., registering a CAGR of 32.8% over the forecast period. The COVID-19 pandemic disrupted enterprise business activities worldwide, resulting in a revenue loss in FY 2020. The decline in enterprises’ revenue resulted in the need for cutting overhead expenses by automating the process and reducing the number of employees involved in performing redundant tasks. Market players leveraged this as an opportunity to introduce robotic process automation (RPA) to enterprises.

The RPA adoption increased in small- and medium-scale organizations that were adversely affected by the slow business and temporary shutdowns. The need to monitor cost and human resources are expected to boost the demand for RPA in organizations of all sizes. The SMEs, in particular, benefited by using RPA by improving employee and customer satisfaction. The need for automating structured and repetitive processes across the organization to increase productivity and rescue operation time is anticipated to drive market growth over the forecast period.

The RPA implementation for automation across different business departments, such as finance and accounting, procurement, human resource, contact center, and industry-specific process, is contributing to the market growth. The industry-specific processes, such as onboarding employee, customer, and vendor; order processing, payroll processing, and report aggregation, are some of the business areas automated using RPA solution. Innovations to computerize redundant undertaking across businesses have accelerated business processes, reduced human error, and amplified throughput.

The inclusion of RPA with cognitive technologies, such as Artificial Intelligence (AI), machine learning, speech recognition, and Natural Language Processing (NLP), can handle high-level tasks using unstructured data and exhibit decision-making capability without human intervention. Robotic process automation was intended to decrease monotonous tasks by following a set of predefined procedures that don’t need information or experiences. However, with AI integration, RPA softbots can function beyond an automated cognitive system by creating a knowledge-based dynamic system. The use of such systems in applications ranging from customer query handling to assembly lines will promote market growth over the forecast period.

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Robotic Process Automation Market Report Highlights

• The services segment is estimated to register the fastest CAGR of more than 30.0% over the forecast period
• The need to develop and implement business-specific automation solutions that save time and reduce operational cost is expected to drive segment growth over the forecast period
• The BFSI application segment is anticipated to account for the highest revenue share of the global market by 2028
• Automation of critical business functions in banking & financial institutions, such as compliance regulations, rekeying, data entry, and assembly & formulation, to reduce human error and save processing time is expected to drive the BFSI segment growth
• North America dominated the global market in 2020 on account of increased product demand across the BFSI, manufacturing, healthcare, and IT & telecom industries

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Robotic Process Automation Market Segmentation

Grand View Research has segmented the global robotic process automation market on the basis of type, service, deployment, organization, application, and region:

RPA Type Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Service

RPA Service Outlook (Revenue, USD Million, 2016 - 2028)

• Consulting
• Implementing
• Training

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

• Cloud
• On-Premise

RPA Organization Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprises
• Small and Medium Enterprises (SMEs)

RPA Application Outlook (Revenue, USD Million, 2016 - 2028)

• BFSI
• Pharma & Healthcare
• Retail & Consumer Goods
• Information Technology (IT) & Telecom
• Communication and Media & Education
• Manufacturing
• Logistics, and Energy & Utilities
• Others

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

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

List of Key Players of Robotic Process Automation (RPA) Market

• UiPath
• Automation Anywhere
• Blue Prism
• NICE
• Pegasytems
• KOFAX, Inc.
• NTT Advanced Technology Corp.
• EdgeVerve Systems Ltd.
• FPT Software
• OnviSource, Inc.
• HelpSystems

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.

Commercial Refrigeration Equipment Market to Partake Significant Development During 2021-2028

 

Commercial Refrigeration Equipment Market Growth & Trends

The global commercial refrigeration equipment market size is estimated to reach USD 43.16 billion by 2028, registering an estimated CAGR of 4.2% from 2021 to 2028, according to a new report by Grand View Research, Inc. The increase in demand for frozen food items and the thriving hospitality and tourism industries are some of the factors driving the market growth.

The growing environmental concerns related to the emission of harmful refrigerants such as Chlorofluorocarbons (CFC) and Hydro-chlorofluorocarbons (HCFC) have led to the implementation of regulations favoring the use of efficient alternatives in commercial refrigeration equipment globally. Under its Clean Air Act, the U.S. Environment Protection Agency (EPA) has mandated the regularized use of low Global Warming Potential (GWP) refrigerants in the equipment for the commercial sector. Such regulations are encouraging commercial refrigerator manufacturers to seek low energy consuming refrigerants to minimize the adverse effect of Greenhouse Gas (GHG) emissions. For instance, in 2020, Hiber, a brand of Ali Group S.r.l. a Socio Unico, added bidirectional IoT connectivity integrated refrigeration cabinets optimized with self-learning systems for reducing energy consumption when the equipment is not in use.

In 2020, the COVID-19 catastrophe majorly disrupted the commercial foodservice industry and retail industries, adversely impacting the growth of the market for commercial refrigeration equipment. However, since December 2019, the research institutes and pharmaceutical companies have highly demanded and utilized vaccine storage refrigerators during their R&D processes to come up with a life-saving vaccine against the coronavirus. The commercial refrigeration equipment has witnessed a boom from the biotechnology and pharmaceutical industry owing to the formulation of the vaccine and later its rollout, and for successfully storing and transporting the vaccines at a global scale.

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Commercial Refrigeration Equipment Market Report Highlights

• The refrigerators and freezers segment accounted for a revenue share of nearly 25.0% in 2020. The rising consumption of vaccine storage units during the COVID-19 pandemic in an attempt to conduct a successful immunization process is anticipated to contribute to the growth
• The U.S. has been the major contributor in the North America region with a revenue share of close to 80.0% in 2020
• By system type, the self-contained refrigeration equipment segment is expected to register a CAGR of nearly 5.0% from 2021 to 2028
• The 51 cu. Ft. - 100 cu. Ft. capacity segment accounted for the largest revenue share in 2020

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Commercial Refrigeration Equipment Market Segmentation

Grand View Research has segmented the global commercial refrigeration equipment market based on product, application, system type, capacity, and region:

Commercial Refrigeration Equipment Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Transportation Refrigeration Equipment
• Refrigerators & Freezers
• Beverage Refrigeration
• Display Showcases
• Ice Merchandisers & Ice Vending Equipment
• Other Equipment

Commercial Refrigeration Equipment Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Food Service
• Food & Beverage Retail
  • Hypermarkets
  • Supermarkets
  • Convenience Store
  • Specialty Food Store
  • Others
• Food & Beverage Distribution
• Food & Beverage Production
• Others

Commercial Refrigeration Equipment System Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Self-contained
• Remotely Operated

Commercial Refrigeration Equipment Capacity Outlook (Revenue, USD Billion, 2016 - 2028)

• Less than 50 cu. Ft
• 50 to 100 cu. Ft
• More than 100 cu. Ft

Commercial Refrigeration Equipment Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of the Commercial Refrigeration Equipment Market

• AB Electrolux
• Ali S.p.A.
• Carrier
• DAIKIN Industries, Ltd.
• Dover 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.

Commercial Drone Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2028

 Commercial Drone Market Growth & Trends

The global commercial drone market size is anticipated to reach USD 501.4 billion by 2028, registering a CAGR of 57.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The rising demand for commercial drones can be attributed to the growing application base across a wide range of end-use verticals, including real estate and construction, media and entertainment, and agriculture. Majority of the end-use verticals that involve a high proportion of operational processes are expected to experience substantial productivity gains from drone usage owing to the automation of business operations.

UAVs or drones are reinventing old businesses and even creating new prospects. In 2016, the Federal Aviation Administration (FAA) released regulations related to the usage of commercial drones that clarified the legal landscape for businesses and workers. Since then, the industrial applications of commercial drones have significantly increased. Drones are expected to emerge as versatile tools, which can transform the existing business operations and help to establish new startups.

The prominent industry players are involved in the manufacturing as well as supply of accessories required for drone operation. Additionally, they provide applications for Android/iOS-based smartphones and tablets to efficiently operate and maneuver the drones during flight. These manufacturers offer drones for various verticals, such as security & law enforcement, energy, agricultural, retail, media, and entertainment.

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Commercial Drone Market Report Highlights

• The ability of drones to perform increasingly complex tasks is likely to improve with advancements in technologies such as collision avoidance and autonomy
• Commercial drones are anticipated to become a potential alternative for the logistics activities of companies, helping them increase their competitive advantage
• Drones are widely being used to inspect power plants, oil and gas, and other industrial sites to ensure proper operations and safeguard these sites
• Newer drone-supportive regulations are expected to lower the entry barriers for startups providing commercial operations of drones
• The advent of drones is set to transform the media industry as it allows the journalism sector to cover news in areas where human entry is prohibited

Access Press Release@ https://www.grandviewresearch.com/press-release/commercial-drone-market

Commercial Drone Market Segmentation

Grand View Research has segmented the global commercial drone market based on product, application, end-use, and region:

Commercial Drone Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Fixed-wing
• Rotary Blade
• Hybrid

Commercial Drone Application Outlook (Revenue, USD Million, 2016 - 2028)

• Filming & Photography
• Inspection & Maintenance
• Mapping & Surveying
• Precision Agriculture
• Surveillance & Monitoring
• Others

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

• Agriculture
• Delivery & Logistics
• Energy
• Media & Entertainment
• Real Estate & Construction
• Security & Law Enforcement
• Others

Commercial Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Commercial Drone Market

• DJI
• Parrot Drones SAS
• YUNEEC
• 3D Robotics
• EHANG

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.

Body Armor Market to Witness Tremendous Growth and Expansion by 2028

 Body Armor Market Growth & Trends

The global body armor market size is expected to reach USD 3.53 billion by 2028, registering a CAGR of 5.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by the rising demand for defense protection equipment owing to the rise in asymmetric warfare in various countries, such as South Korea, Iraq, and India. The growing number of conflicts around the globe and violence, in general, has led to the significant demand for ballistic protection for the law, military enforcement agencies, and armored vehicles. This has further attributed to the rising demand for lightweight body armor protection.

The ever-increasing focus of defense agencies on soldier survivability is driving the demand for body armor. The shortage of ballistic protection suits and the rise in asymmetric warfare activities among various countries worldwide are further accelerating industry growth. Besides, vast developments in the field of nanotechnology are helping develop materials and fibers that can make armor lightweight and more flexible, consecutively driving industry growth. The emergence of armor based on advanced technologies, such as dragon skin and liquid body armor, is also contributing to market expansion. Moreover, the rising demand for body armor for civilian use has also created several industry growth opportunities. The increased demand for body armor among civilians can be attributed to the rise in crimes, burglaries, home invasion, and similar activities; bulletproof vests are one of the most common body armors used by civilians. CITIZEN ARMOR, a U.S.-based protection equipment manufacturing company, offers ballistic plates for civilians. The relatively low cost of steel plates has led to their re-emergence in the manufacturing of body armors for civilian use in the American market. Besides, metal plates are advantageous over ceramic plates since they can protect against multiple hits.

Modernization activities have created several opportunities for industry participants, leading to alliances with military agencies in a contractual environment. For instance, in July 2019, KDH Defense Systems, a U.S.-based body armor manufacturer, received two separate delivery orders worth USD 40 million from the U.S. Armed Forces. Emerging economies, such as India and China, are increasingly focusing on replacing legacy military equipment and increasing their defense budget. For instance, in May 2020, China hiked its defense budget to USD 179 billion compared to USD 177.6 billion in 2019. However, it has been the lowest hike in recent years due to the significant economic disruption caused by the novel coronavirus outbreak.

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Body Armor Market Report Highlights

• The high penetration of body armor in the defense sector can be attributed to the emergence of modern military equipment and legacy systems
• In the civilian application segment, the demand for body armor is high, especially among people residing in crime-prone areas, jewelry store owners, embassy personnel overseas, and executive protection personnel
• The level IV body armor plate segment is expected to expand at a noticeable CAGR over the forecast period. This growth is attributable to the fact that the introduction of the final version of NIJ (National Institute of Justice) Standard 0101.07 is anticipated to improve the test methods and the performance requirements for the ballistic resistance levels
• The law enforcement protection application is expected to register a noticeable CAGR over the forecast period since NIJ has been pivotal in developing modern body armors for police officers

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Body Armor Market Segmentation

Grand View Research has segmented the global body armor market based on level, application, material, product type, product style, and region:

Body Armor Level Outlook (Revenue, USD Million, 2017 - 2028)

• Level I
• Level IIA
• Level II
• Level IIIA
• Level III
• Level IV

Body Armor Application Outlook (Revenue, USD Million, 2017 - 2028)

• Defense
• Law Enforcement Protection
• Civilians

Body Armor Material Outlook (Revenue, USD Million, 2017 - 2028)

• Steel
• UHMWPE
• Aramid
• Composite Ceramic
  • Alumina
  • Silicon Carbide (SiC)
  • Ceramic-Metal Composite
  • Boron Carbide
  • Others
• Others

Body Armor Product Type Outlook (Revenue, USD Million, 2017 - 2028)

• Soft Armor
  • Plates & Inserts
  • Shields
• Hard Armor
  • Plates & Inserts
  • Shields
• Accessories
  • Carrier
  • Helmets
  • Others

Body Armor Product Style Outlook (Revenue, USD Million, 2017 - 2028)

• Covert
• Overt

Body Armor Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in the Body Armor Market

• Aegis Engineering Ltd.
• AR500 Armor
• BAE Systems
• Ballistic Body Armor Pty
• Craig International Ballistics Pty Ltd.
• Ceradyne, Inc.
• Hellweg International
• Kejo Limited Company
• Pacific Safety Products
• Point Blank Enterprises, Inc.
• Safariland, 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.

Fraud Detection And Prevention Market Pegged For Strong Growth During 2021-2028: Grand View Research Inc.

 Fraud Detection And Prevention Market Growth & Trends

The global fraud detection and prevention market size is expected to reach USD 62.70 billion by 2028, registering a CAGR of 15.4% over the forecast period, according to a new report by Grand View Research, Inc. Rise in incidences of mobile payment frauds, phishing, and card frauds, and their subsequent impact on businesses and resultant financial losses are anticipated to drive market growth over the forecast period. Digital transformation is the new buzzword, as businesses transform the way they interact with their customers. However, increased digitization has also exposed businesses to online frauds and scams.

Thus, to mitigate these frauds, while securing customer as well as business data, the demand for fraud detection and prevention (FDP) solutions is anticipated to witness an upsurge over the forecast period. Digital platforms and online banking applications, wherein consumers directly interact with businesses, are complex. These applications require several risk-based security solutions to detect fraud at individual layers. Without implementing solutions and vulnerability testing, hacktivists and fraudsters can easily exploit gaps across these channels.

Incumbents from the banking, telecom, and retail & e-commerce industries are popular targets of such fraud threats. Thus, a need for continuous monitoring and detection of vulnerabilities across layers is required to strengthen fraud defense among organizations. Despite rising digital fraud cases, organizations continue to offer services digitally to consumers as it is a cost-effective approach. Deploying or reliance on a single solution or tool as a defensive tactic increases the risks of fraud attempts. Educating enterprises and consumers related to fraudsters' modus operandi is a significant step towards defending against fraud.

Several government agencies, such as the Federal Financial Institutions Examination Council of the U.S. and the Serious Fraud Investigation Office of India, provided guidelines, programs, and standards to promote fraud defense among organizations and consumers. In addition, deploying advanced technology adaptable to existing cybercriminal operational strategy is crucial. Thus, the need to curb fraudster activities, secure personal information, and strengthen the security framework is expected to drive the adoption of fraud detection and prevention solutions among enterprises.

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Fraud Detection And Prevention Market Report Highlights

• An increase in the number of fraudulent activities reported worldwide and increased reliance on online transactions will create opportunities for market growth
• The solution segment is expected to register a CAGR exceeding 10.0% from 2021 to 2028. The need to identify behavior or patterns associated with fraudulent activities among enterprises is a key factor expected to favor the segment growth. The proliferation of analytic tools to detect threats or anomalies in organization data is expected to favor fraud analytical solutions growth
• Consistent internet access has paved way for digital transactions. However, cyber frauds becoming rampant at an alarming rate has led to the increased demand for fraud detection solutions to curb payment fraud incidences
• Larger enterprises have the spending capacity to secure customer as well as business data, and this has resulted in the segment capturing the highest market share in 2020. However, with fraud activities occurring at an alarming frequency, small- & medium-sized enterprises are also expected to increase spending on security solutions over the forecast period
• North America has always been at the forefront of technology developments and digitization of processes. Therefore, the region captured the highest market share in 2020, with increased demand from several tech companies in the region

Access Press Release@ https://www.grandviewresearch.com/press-release/global-fraud-detection-prevention-market

Fraud Detection And Prevention Market Segmentation

Grand View Research has segmented the global fraud detection and prevention market on the basis of component, solutions, services, application, organization, vertical, and region:

Fraud Detection & Prevention Component Outlook (Revenue, USD Million, 2016 - 2028)

• Solutions
• Services

Fraud Detection & Prevention Solutions Outlook (Revenue, USD Million, 2016 - 2028)

• Fraud Analytics
• Authentication
• Governance, Risk, and Compliance

Fraud Detection & Prevention Services Outlook (Revenue, USD Million, 2016 - 2028)

• Professional Services
• Managed Services

Fraud Detection & Prevention Application Outlook (Revenue, USD Million, 2016 - 2028)

• Identity Theft
• Money Laundering
• Payment Fraud
• Others

Fraud Detection & Prevention Organization Outlook (Revenue, USD Million, 2016 - 2028)

• SMEs
• Large Enterprises

Fraud Detection & Prevention Vertical Outlook (Revenue, USD Million, 2016 - 2028)

• BFSI
• Government & Defense
• Healthcare
• IT & Telecom
• Industrial & Manufacturing
• Retail & E-commerce
• Others

Fraud Detection & Prevention Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Fraud Detection And Prevention (FDP) Market

• Total System Services, Inc.
• Software AG
• SAS Institute, Inc.
• SAP SE
• Oracle
• IBM
• Fiserv, Inc.
• Experian plc
• Equifax, Inc.
• BAE Systems
• ACI Worldwide, 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.

Track and Trace Solutions Market is Expected to Grow at a CAGR of 19.0% during the Forecast Period: Grand View Research Inc.

 

Track And Trace Solutions Market Growth & Trends

The global track and trace solutions market size is expected to reach USD 9.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 19.0% from 2021 to 2028. The growth is attributed majorly due to the increasing focus of pharmaceutical and biopharmaceutical companies on ensuring brand protection from counterfeit products and theft. The deployment of a track and trace system helps manufacturers enhance distribution channel efficiency and reduces the frequency of counterfeit products.

Furthermore, the rising adoption of track and trace systems by healthcare manufacturers would fuel the market growth in the long run. The introduction of advanced technology, such as RFID, provides fast reading and delivers high levels of security. However, the deployment cost of serialization and aggregation methods, as well as the lack of common regulations and standards, may hamper the market growth in few developing geographies.

US CBP and customs of other member countries as well as by the World Customs Organization reported the seizures of false coronavirus tests and personal protective equipment for example facemasks and hand sanitizers. For instance, in May 2020, Smartrac teamed up with SUKU to validate COVID-19 testing kits and personal protective equipment to permit prompt verification and deliver end-to-end supply chain transparency. Hence, it is estimated that the market will witness lucrative growth opportunities due to the COVID-19 outbreak.

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Track And Trace Solutions Market Report Highlights

• The software solution was the largest revenue-generating segment of the market in 2020. This contribution is mainly because of the regulatory mandates for the execution of serialization and aggregation in the healthcare sector
• The serialization solution was the largest grossing segment in 2020. Increasing application of serialization in pharmaceuticals and medical devices packaging will be a vital factor contributing to the growth of the segment
• The RFID segment is expected to exhibit the fastest growth rate during the study period. The key factors attributing to the growth of the segment are technological advantages, such as high durability and reusability, more data storage capacity, and no requirement of the line of sight
• North America dominated the market in 2020. The rising implementation of regulatory standards and regulations along with the high adoption rate of track and trace systems by consumers is anticipated to contribute to the growth of the market in the region

Access Press Release@ https://www.grandviewresearch.com/press-release/global-track-trace-solutions-market

Track And Trace Solutions Market Segmentation

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

Track & Trace Solution Product Outlook (Revenue, USD Million, 2016 - 2028)

• Hardware Systems
  • Printing & marking
  • Monitoring & verification
  • Labeling
  • Others
• Software Solutions
  • Plant manager software
  • Line controller software
  • Bundle tracking software
  • Others

Track & Trace Solution Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Barcodes
• RFID

Track & Trace Solution Application Outlook (Revenue, USD Million, 2016 - 2028)

• Serialization Solutions
  • Bottle Serialization
  • Label Serialization
  • Carton Serialization
  • Data Matrix Serialization
• Aggregation Solutions
  • Bundle Aggregation
  • Case Aggregation
  • Pallet Aggregation

Track & Trace Solution End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Pharmaceutical & biopharmaceutical Companies    
• Medical Device Companies   
• Healthcare Others
• Food and Beverage
• Consumer Goods
• Luxury Goods

Track & Trace Solution Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Track And Trace Solutions Market

• Axway
• Mettler-Toledo International, Inc.
• Optel Vision
• TraceLink, Inc.
• Adents International
• Antares Vision srl
• Siemens AG
• Seidenader Maschinenbau GmbH
• ACG Worldwide
• Systech, 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.

Personalized Retail Nutrition & Wellness Market to Raise at CAGR of 7.9% from 2021 to 2028: Grand View Research Inc.

 

Personalized Retail Nutrition And Wellness Market Growth & Trends

The global personalized retail nutrition and wellness market size is expected to reach USD 3.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.9% from 2021 to 2028. The market growth can be attributed to the factors such as driving nutrition strategies, growing focus on nutrigenomics and nutrigenetics, a shift in the healthcare paradigm, and integration of data science for the development of innovative personalized nutrition.

In addition, nutrigenomics is gaining momentum owing to the rising number of studies for understanding the interrelation of nutrients with an individual’s genetic make-up. For instance, in May 2020, researchers revealed the role of flavonol intake in cardiometabolic diseases with the application of systematic bioinformatics analysis. The analysis revealed genes that are involved in leukocyte adhesion, lipid metabolism, and transendothelial migration. In addition, the study also analyzed the nutrigenomic effects of the compound in intestinal cells and their role in the metabolism of circulating lipoproteins.

Moreover, the companies operating in the market for personalized retail nutrition and wellness are heavily investing in bringing innovative solutions for sufficing nutritional diet in individuals, which is further contributing to market growth. Companies are investing in enhancing technologies that can help in the development of new product lines related to microbiota, nutrition, and digital health.

For instance, in November 2020, ADM Ventures announced its investment in Seventure’s Health For Life Capital (HFLC) Fund II. The company works with the Seventure team for identifying opportunities with the application of microbiome solutions for developing dietary supplements and other food and beverage applications. Hence, companies are extensively discovering and leveraging new nutritional ingredients for treating chronic diseases and common ailments.

Furthermore, the COVID-19 pandemic has a positive impact on the growth of the market for personalized retail nutrition and wellness. The demand for vitamins, minerals, and supplements is growing at an exponential rate owing to its potential role in the management of COVID-19. Several vitamins and minerals such as vitamins C, vitamin D, and zinc, have immunomodulatory functions and have a vital role in preserving physical tissue barriers. Hence, the demand for such nutrients for optimizing the immune system to prevent or lower the risk of COVID-19 infection is further contributing to the growth of the market for personalized retail nutrition and wellness. 

Request a free sample copy or view report summary: Personalized Retail Nutrition And Wellness Market Report

Personalized Retail Nutrition And Wellness Market Report Highlights

• The repeat recommendation segment accounted for the largest revenue share in 2020 owing to the rising launch of commercial apps for monitoring an individual’s lifestyle and health
• In the repeat recommendation segment, the functional foods segment dominated the market in 2020 owing to the high adoption of commercially available products for analyzing lifestyle patterns of the patients
• The orthopedics, musculoskeletal, and spine segment held a substantial market share in 2020 due to the high demand for nutrient-based recommendations for the management or prevention of chronic diseases such as cardiovascular disease, obesity, and diabetes
• In the fixed recommendation segment, the dietary supplements and nutraceuticals segment is expected to witness lucrative growth owing to the growing incidence of lifestyle-based diseases
• North America held the largest revenue share in 2020. Growth in this region is owing to the presence of key players and extensive R&D activities
• In Asia Pacific, the market is expected to witness significant growth over the forecast period owing to the reducing sequencing price and nutrigenomic testing, making it more accessible to population across the region
• Companies operating in the market are launching new personalized nutrition products. For instance, in April 2020, Nestlé launched NESQINO, a personalized healthy drink series made from 100 percent natural ingredients

Access Press Release@ https://www.grandviewresearch.com/press-release/global-personalized-retail-nutrition-wellness-market

Personalized Retail Nutrition And Wellness Market Segmentation

Grand View Research has segmented the global personalized retail nutrition and wellness market based on recommendation and region:

Personalized Retail Nutrition & Wellness Recommendation Outlook (Revenue, USD Million, 2017 - 2028)

• Fixed Recommendation
  • Dietary Supplements & Nutraceuticals
    • Vitamins
    • Proteins
    • Minerals
    • Amino Acids
    • Enzymes
    • Other dietary supplements & nutraceuticals
  • Functional Foods
    • Proteins
    • Vitamins
    • Dietary Fibers
    • Fatty Acids
    • Minerals
    • Prebiotics & Probiotics
    • Carotenoids
  • Traditional Botanicals
• Repeat Recommendation
  • Dietary Supplements & Nutraceuticals
    • Vitamins
    • Proteins
    • Minerals
    • Amino Acids
    • Enzymes
    • Other dietary supplements & nutraceuticals
  • Functional Foods
    • Proteins
    • Vitamins
    • Dietary Fibers
    • Fatty Acids
    • Minerals
    • Prebiotics & Probiotics
    • Carotenoids
  • Traditional Botanicals
• Continuous Recommendation
  • Dietary Supplements & Nutraceuticals
    • Vitamins
    • Proteins
    • Minerals
    • Amino Acids
    • Enzymes
    • Other dietary supplements & nutraceuticals
  • Functional Foods
    • Proteins
    • Vitamins
    • Dietary Fibers
    • Fatty Acids
    • Minerals
    • Prebiotics & Probiotics
    • Carotenoids
  • Traditional Botanicals

Personalized Retail Nutrition & Wellness Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • Italy
  • Switzerland
  • UK.
  • Russia
  • Poland
  • Hungary
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Indonesia
  • Philippines
  • Vietnam
• Latin America
  • Brazil
  • Mexico
  • Ecuador
• Middle East & Africa
  • Saudi Arabia
  • Iran
  • South Africa
  • Turkey

List of Key Players of Personalized Retail Nutrition And Wellness Market

• The Nature’s Bounty Co.
• Bayer AG
• PlateJoy
• Better Therapeutics, Inc
• Tracxn Technologies
• Viome (Habit Food Personalized, LLC)
• BitBite Inc.
• Noom, Inc.
• Savor Health
• Foodsmart, Inc.
• GLUCOVATION, INC.
• Healbe
• AIRO Health Care (Pty) Ltd.
• Nutrigenomix
• DNAfit
• BiogeniQ Inc.
• Vitagene
• Consumer Physics
• Pfizer, Inc.
• GlaxoSmithKline plc
• Herbalife International of America, Inc.
• Reckitt Benckiser Group PLC.
• DowDuPont
• Tellspec
• Cargill, 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.

Packaged Salad Market Witness Excellent Revenue Growth During 2021-2028: Grand View Research Inc

 Packaged Salad Market Growth & Trends

The global packaged salad market size is expected to reach USD 20.30 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.2% from 2021 to 2028. The growing trend of a healthy lifestyle is one of the key factors that will drive the market over the forecast period. Furthermore, the busy schedules of the millennials leave less time for cooking and various other kitchen chores, and thus people have been demanding ready-to-eat salads.

In recent years, it has been noted that consumers have been opting for vegetables and similar raw ingredients instead of fast foods and processed foods. The increasing focus on weight management owing to rising obesity levels is propelling the demand for packaged salads among consumers around the world. The low caloric content of packaged salads makes them ideal for weight management.

The vegetarian product segment dominated the market with a 67.4% share in 2020. The demand for vegetarian products is significantly growing owing to the rising vegan population around the world. The growing awareness regarding the high carbon footprint of the meat industry, along with animal health and animal cruelty, is compelling an increasing number of consumers to opt for vegetarian products instead.

Organically processed products are expected to expand at the highest CAGR of 8.6% over the forecast period. Organically processed products are generally perceived to contain more nutrients and antioxidants than conventional counterparts. Health-conscious consumers who focus on reducing their exposure to artificial chemicals and antibiotic-resistant bacteria usually prefer organically processed products to conventionally processed alternatives.

Mergers & acquisitions, new product launches, and production capacity expansion are some of the key strategic initiatives taken up by the companies to gain a competitive advantage over other players. In May 2020, Dole Food Company Inc. debuted its DOLE FreshTakes Ready-To-Eat Salad Bowls in the Western U.S. after its successful debut in the Eastern U.S. in 2019.

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Packaged Salad Market Report Highlights

• The packaged kits type segment is anticipated to register the fastest CAGR of 8.4% from 2021 to 2028. The increasingly hectic lifestyles and rising number of single-person households have been driving the segment
• The online distribution channel is expected to register the fastest CAGR of 9.0% from 2021 to 2028 due to the increasing presence of online retailers
• North America led the market by accounting for more than 41.0% in 2020. The busy lifestyle of the consumers has been propelling the demand for these conveniently packaged salads in the region
• The vegetarian product segment held the largest share of 67.4% in 2020 owning to the growing number of health-conscious consumers across the globe

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

Packaged Salad Market Segmentation

Grand View Research has segmented the global packaged salad market on the basis of product, processing, type, distribution channel, and region:

Packaged Salad Product Outlook (Revenue, USD Million, 2016 - 2028)

• Vegetarian
• Non-vegetarian

Packaged Salad Processing Outlook (Revenue, USD Million, 2016 - 2028)

• Organic
• Conventional

Packaged Salad Type Outlook (Revenue, USD Million, 2016 - 2028)

• Packaged Greens
• Packaged Kits

Packaged Salad Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Offline
• Online

Packaged Salad Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Packaged Salad Market

• BrightFarms, Inc.
• Dole Food Company, Inc.
• Earthbound Farm
• Eat Smart (Curation Foods)
• Fresh Express, Incorporated
• Misionero
• Gotham Greens Holdings, LLC
• Mann Packing Co., Inc.
• Bonduelle
• Organicgirl, 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.