Team Collaboration Software Market to Expand with Significant CAGR During 2021 – 2028: Grand View Research Inc.

 Team Collaboration Software Market Growth & Trends

The global team collaboration software market size is anticipated to reach USD 27.47 billion by 2028, exhibiting a CAGR of 13.0% over the forecast period, according to a new report by Grand View Research, Inc. The growing demand for communication & conferencing solutions from enterprises, especially due to the COVID-19 pandemic, is expected to drive the growth of the market over the forecast period. The demand for flexible and agile working solutions is expected to increase as several organizations are expected to adopt a hybrid working culture in the post-pandemic era. As such, the pandemic is expected to have a long-term impact on how organizations utilize communication & collaboration tools to manage their remote workforce.

Continued digitalization and advances in visual data sharing technology are expected to contribute significantly to the growing demand for communication & conferencing solutions. The availability of affordable video conferencing solutions has allowed the large-scale deployment of communication & conferencing solutions across several organizations, which were previously unable to invest in such solutions due to high costs. Several video conferencing solution providers, such as Cisco Systems, Inc.; Avaya, Inc.; and RingCentral, Inc., have either announced free services or waived off the time limits on existing offers. At the same time, market players are also integrating web conferencing technology with other communication tools and developing new applications for web conferencing to facilitate collaborative workspaces.

The demand for virtual collaboration solutions, which are based on the integration of Augmented Reality (AR) and Virtual Reality (VR) with meeting rooms, is expected to gain traction over the forecast period. Various features, such as video filters, voice recognition, and hand-gesture control, are increasingly being added to virtual meeting rooms to better manage the meetings and increase engagement. These techniques can particularly allow remote users to be virtually present in the meeting room and collaborate, brainstorm, search, and share content.

Having realized that AI bots and Smart Virtual Personal Assistants (SVPA) can play a vital role in automating tasks and improving workplace collaboration, organizations have started deploying bots for tasks, such as taking notes and scheduling meetings. Chatbots are gradually emerging as a standard feature for both frontline and deskless workers to access digital services through smart devices. Implementation of bots is also expected to help organizations in saving on costs incurred on IT infrastructure and hiring.

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Team Collaboration Software Market Report Highlights

• The cloud segment is expected to register the fastest CAGR over the forecast period. The adoption of cloud-based team collaboration software is expected to gain traction as these tools help save on infrastructure cost and offer a centralized management system
• The conferencing software segment is expected to register the maximum growth rate over the forecast period
• The continued adoption of conferencing solutions, such as Cisco WebEx meetings, Jabber, and Adobe connect, bodes well for the growth of the segment
• The retail application segment is expected to account for the highest revenue share by 2028. The increasing need of the retail companies to enhance employee engagement and share information in real-time is expected to drive the segment growth
• Integrating software & hardware and strengthening network capabilities are some of the strategies being adopted by key companies to increase their market share

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Team Collaboration Software Market Segmentation

Grand View Research has segmented the global team collaboration software market on the basis of deployment, software type, application, and region:

Team Collaboration Software Deployment Outlook (Revenue, USD Million, 2017 - 2028)

• Cloud
• On-premise

Team Collaboration Software Type Outlook (Revenue, USD Million, 2017 - 2028)

• Conferencing Software
• Communication & Coordination Software

Team Collaboration Software Application Outlook (Revenue, USD Million, 2017 - 2028)

• Manufacturing
• BFSI
• IT & Telecom
• Retail
• Healthcare
• Logistics & Transportation
• Education

Team Collaboration Software Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Team Collaboration Software Market

• Asana
• Avaya Inc.
• Cisco Systems, Inc.
• Citrix Systems, Inc.
• IBM Corp.
• Microsoft Corp.
• Slack Technologies, Inc.

About Grand View Research

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

Automotive Collision Repair Market Expected to Deliver Dynamic Progression By 2028

 Automotive Collision Repair Market Growth & Trends

The global automotive collision repair market size is expected to reach USD 220.12 billion by 2028, according to a new study by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 2.1% from 2021 to 2028. Technological advancements in claims, insurance, and the automobile aftermarket have led to the development of innovative repair techniques and processes, which have significantly widened the scope for the growth of passenger and commercial vehicles. Numerous leading manufacturers, including Daimler AG (Germany) and BMW Group (Germany), are using advanced 3D printing technology for manufacturing spare parts and associated automobile components.

For instance, Rolls-Royce used 3D printing technology to fabricate mounting brackets for wire hoses and fiber-optic cables. Moreover, organizations such as the U.S. National Automotive Service Task Force (NASTF) have established a Collision Repair Committee (CRC) to recognize, address, and resolve the repair/service flaws and help vehicle repair centers accomplish a complete and safe automotive restoration for vehicle owners.

Paints, clear coatings, and other consumables, such as auto components and other spares, are widely used in the market. In the case of automotive body damages, coatings and paints are used to cover dents and scratches. The growing penetration of gas and hybrid electric cars is expected to further drive the industry with a new generation of vehicles being introduced in the novel service repair regimens. The untapped and unorganized market for automotive collision repair in the Asia Pacific region is expected to provide growth opportunities for the key vehicle repair vendors.

The increasing number of automobiles on the road in Asia Pacific countries, such as India and Japan, is expected to drive the regional market for automotive collision repair. Governments and transport authorities across different countries have made it mandatory for automobile buyers to buy insurance coverage in cases of any damage to the insured vehicle and the driver. The increase in the new vehicle sales that will require collision and comprehensive coverage is expected to benefit insurers.

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Automotive Collision Repair Market Report Highlights

• The necessity to buy insurance coverage for a vehicle, as stated by transport authorities and administrations across different countries, is expected to drive the growth of the market over the forecast period
• Europe dominated the global market in 2020 and accounted for over 43% of the global market share
• The paints and coating segment is estimated to expand at a CAGR of 2.6% over the forecast period
• Automakers are using more aluminum and carbon-based products because of the stringent government-mandated mileage goals. These changes go far beyond just exterior panels. The new material manufacturing requires much less energy and produces a more precisely formed product that allows for sharper and better-defined body lines making part replacements easier for collision repairers
• The key market players include 3M; Automotive Technology Products LLC; Continental AG; Denso Corporation; Faurecia; Federal-Mogul LLC; Honeywell International, Inc.; International Automotive Components Group; Johnson Controls, Inc.; Magna International, Inc.; Mann+Hummel Group; Martinrea International, Inc.; Mitsuba Corporation; Robert Bosch GmbH; and Takata Corporation

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Automotive Collision Repair Market Segmentation

Grand View Research has segmented the global automotive collision repair market based on product, vehicle type, service channel, and region:

Automotive Collision Repair Product Outlook (Revenue, USD Billion, 2017 - 2028)

• Paints & Coatings
• Consumables
• Spare Parts

Automotive Collision Repair Vehicle Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Light-duty Vehicles
• Heavy-duty Vehicles

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

• Do-It-Yourself (DIY)
• Do-it-for-Me (DIFM)
• Original Equipment (OE)

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

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

List of Key Players of Automotive Collision Repair Market

• 3M
• Automotive Technology Products LLC (ATP.) (a subsidiary of Lodi Group of Monterrey)
• Continental AG
• Denso Corporation
• Faurecia
• Federal-Mogul LLC
• Honeywell International, Inc.
• International Automotive Components Group
• Johnson Controls, Inc.
• Magna International Inc.
• Mann+Hummel Group
• Martinrea International Inc.
• Mitsuba Corporation
• Robert Bosch GmbH
• Takata 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.

Dashboard Camera Market Demand To Reach 121.4 Million Units By 2028

 Dashboard Camera Market Growth & Trends

The global dashboard camera market demand is anticipated to reach 121.4 million units by 2028, registering a CAGR of 14.4% in terms of volume, from 2021 to 2028, according to a new report by Grand View Research, Inc. The number of road traffic accidents and theft incidents is continuously increasing across the globe, thereby resulting in the popularity of dashboard cameras. Dashcam footage provides an appropriate understanding regarding the accountability of a crash when the car is involved in an accident or a high-stress event. This can also lower the insurance costs and speed up the insurance claims.

Dashboard cameras are increasingly gaining prominence in commercial fleets after their usage in police vehicles was popularized. Leading companies in the marketplace are considering numerous benefits offered by dashboard cameras and promoting their installation. These cameras can help control the rising insurance costs by offering valuable information in case of hit-and-run cases, accidents, traffic violations, and insurance frauds. With easily installable features and improved technology, it is now possible for commercial fleet companies to safeguard their vehicles.

The market for dashboard cameras has attained immense momentum owing to the growing automotive sector. The key market players are now focusing on enhancing the user-friendliness and convenience of dashboard cameras by incorporating additional features such as expandable storage capacity, high-endurance battery life, and inclusion of night vision cameras in their product offerings. Commercial users of dashcams, such as taxi operators and trucking companies, prefer 2-channel (dual channel) variants as single-channel cannot be upgraded by adding a secondary unit to capture footage inside the vehicle.

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Dashboard Camera Market Report Highlights

• The industry is witnessing the rising adoption of multi-channel dashboard cameras owing to high-quality video recording in multiple directions. The dashcams with built-in rechargeable batteries are also gaining prominence
• The key companies are developing Wi-Fi-enabled dashboard cameras wherein the users can transfer videos to their smartphones using the free Drive HD app for iOS and Android devices
• The governments in some countries such as Belgium, Switzerland, Norway, and Germany are imposing stringent regulations on the usage of dashcams
• The customers are increasingly demanding superior dashboard cameras with enhanced features and functionalities, including Lane Keeping Assistance (LKA) and Advanced Driver Assistance Systems (ADAS), elevating the industry growth

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Dashboard Camera Market Segmentation

Grand View Research has segmented the global dashboard camera market based on technology, product, video quality, application, distribution channel, and region:

Dashboard Camera Technology Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Basic
• Advanced
• Smart

Dashboard Camera Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• 1-Channel
• 2-Channel
• Rear View

Dashboard Camera Video Quality Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• SD & HD
• Full HD & 4K

Dashboard Camera Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Commercial Vehicle
• Personal Vehicle

Dashboard Camera Distribution Channel Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Online
• In-store

Dashboard Camera Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Dashboard Camera Market

• ABEO Technology
• Garmin Ltd.
• Pittasoft Co. Ltd.
• Falcon Zero LLC
• Panasonic Corporation
• Cobra Electronics Co
• DOD TechDJI

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.

Household Refrigerators And Freezers Market Insights Business Opportunities, Current Trends And Forecast 2028: Grand View Research Inc.

 Household Refrigerators And Freezers Market Growth & Trends

The global household refrigerators and freezers market size is estimated to reach USD 117.25 billion by 2028, registering a CAGR of 4.8% from 2021 to 2028, according to a new report by Grand View Research, Inc. Factors, such as a rise in disposable incomes, the growing trend of nuclear families, and increasing consumption of frozen food, are driving the market growth. Integration of state-of-the-art features with the help of disruptive digital technologies, such as the Internet of Things (IoT), digital temperature control system, and Artificial Intelligence (AI), has enabled the global market to grow exponentially over the last decade. The strong competition among leading manufacturers has resulted in heavy R&D investments to develop technologically advanced and size-compatible refrigerators.

For instance, in 2020, LG Electronics introduced the InstaView line of door-in-door refrigerators featuring a large glass panel that enables the household consumers to gaze inside the refrigerator without having to open it. This mechanism ensures that cold air inside does not escape and the food is fresh for a longer time. Furthermore, rising environmental concerns and energy efficiency initiatives are compelling manufacturers to follow regulations set by the agencies, such as the U.S. Environmental Protection Agency (EPA), which focuses on the reduction of Greenhouse Gas (GHG) emissions. An increasing number of consumers are preferring energy-efficient household refrigerators and freezers that consume less power per unit and reduce electricity bills and conserve energy in the long run.

While the COVID-19 pandemic has reduced the frequency of purchases made from traditional, brick-and-mortar retail shops, the demand for online refrigerators and freezers delivery has considerably increased. Temporary shutdowns of production plants, limited accessibility to parts & components, constrained labor supply, and additional supply chain-related issues were some of the major challenges faced by most of the market players during the initial months of 2020. However, the end of lockdown is anticipated to bring substantially higher buyer traffic, particularly through e-commerce channels.

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Household Refrigerators And Freezers Market Report Highlights

• In terms of door type, the double door segment captured the highest revenue share in 2020
• The segment is expected to retain its dominance growing at a steady CAGR during the forecast period
• Led by the U.S., North America captured a considerable revenue share in 2020 due to the early adoption of the latest technologies by the consumers in the region
• By structure, the built-in segment is anticipated to record the fastest CAGR over the forecast period as such structures allow more counter space than the freestanding structure types

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Household Refrigerators And Freezers Market Segmentation

Grand View Research has segmented the global household refrigerators & freezers market on the basis of door type, structure, capacity, and region:

Household Refrigerators & Freezers Door Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Single Door
• Double Door
  • Top Mounted Freezer
  • Side by Side
  • French Door

Household Refrigerators & Freezers Structure Outlook (Revenue, USD Billion, 2016 - 2028)

• Built-in
• Freestanding

Household Refrigerators & Freezers Capacity Outlook (Revenue, USD Billion, 2016 - 2028)

• Less than 15 cu. Ft.
• 15 to 30 cu. Ft.
• More than 30 cu. Ft.

Household Refrigerators & Freezers Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Household Refrigerators And Freezers Market

• AB Electrolux
• Dover Corp.
• LG Electronics
• Whirlpool Corp.
• Samsung
• Robert Bosch GmbH

About Grand View Research

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

Flat Glass Coatings Market Projected To Be Worth USD 7.1 Billion By 2028: Grand View Research Inc.

 Flat Glass Coatings Market Growth & Trends

The global flat glass coatings market size is expected to reach USD 7.1 billion by 2028, registering a CAGR of 20.4% over the forecast period, according to a new study by Grand View Research, Inc. Rising demand for mirror and glass facades from the commercial and residential sectors coupled with growing product adoption in the automotive & transportation sector is likely to drive the market over the forecast period 

Growing demand for renewable sources of energy and the rising number of solar installations across the globe are likely to increase the adoption of solar panels; thus, augmenting the demand for flat glass coatings. Moreover, favorable government regulations and rising awareness regarding energy scrutiny are anticipated to drive the product demand in architectural applications over the coming years. Countries, such as Italy, the U.K., the U.S., Japan, China, India, and Germany, which are part of the Kyoto Protocol, have been introducing legislation to reduce Greenhouse Gas (GHG) emissions. Such measures across countries are also anticipated to drive the product demand.

The water-based technology segment dominated the global market in 2020 and is anticipated to maintain its dominance over the forecast period. Water-based technology is used widely, owing to its high strength and premium quality. The overall performance of the coating primarily depends on the utilization of raw materials, such as pigments, resins, and additives. However, nano-based technology is expected to ascend at a promising growth rate during the forecast period on account of the growing preference for advanced materials in the manufacturing industry.

The rising need for utilization of sustainable energy & reduction in carbon footprint along with favorable government policies aimed at reducing the consumption of fossil fuel is likely to propel the growth of the solar power sector. The growth in the solar module industry is another major factor driving the product demand in solar projects.

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Flat Glass Coatings Market Report Highlights

• Asia Pacific dominated the global market and is projected to expand further at the fastest CAGR of 21.4% over the forecast period
• Rising investments for infrastructure development and favorable regulations in APAC are the key factors driving the regional market
• China was the leading player on account of its growing automobile industry and increasing government expenditure on infrastructural projects
• Epoxy resins held considerable revenue share on account of their unique properties, such as mechanical strength, high thermal stability, electrical, heat resistance, adhesion, and mechanical resistance
• In October 2016, Vitro, S.A.B. de C.V expanded its coating production capability along with the construction of MSVD glass coater. These coaters are utilized to produce glass, which is performance efficient as well as is energy efficient and is low emissive

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Flat Glass Coatings Market Segmentation

Grand View Research has segmented the global flat glass coatings market on the basis of resin, technology, application, and region:

Flat Glass Coatings Resin Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• PU
• Acrylic
• Epoxy
• Others

Flat Glass Coatings Technology Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Solvent-based
• Water-based
• Nano-based

Flat Glass Coatings Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Solar Power
• Mirror
• Architectural
• Automotive & Transportation
• Other

Flat Glass Coatings Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Turkey
  • Italy
  • The Netherlands
  • Belgium
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • Taiwan
  • South Korea
  • Vietnam
• Central & South America
  • Brazil
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players of Flat Glass Coatings Market

• Arkema, Inc.
• Fenzi Spa
• Ferro Corp.
• Hesse Gmbh & Co. KG
• The Sherwin-Williams Company
• Vitro S.A.B. De C.V.
• Nippon Paint Holdings Co., Ltd.
• Yantai Jialong Nano Industry Co., Ltd.
• 3M

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.

High Level Disinfection Services Market Set to Surge Significantly During 2021-2028: Grand View Research Inc.

 High Level Disinfection Services Market Growth & Trends

The global high level disinfection services market size is expected to reach USD 45.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.2% from 2021 to 2028. The increasing prevalence of hospital-acquired infection and surgical site infections, the increasing number of surgeries coupled with the rise in the incidence of chronic disorders, and the impact of COVID-19 are the key driving factors for the market. 

An increase in the prevalence of HAIs due to a lack of sanitation and preventive measures is a major factor expected to propel market growth over the forecast period. Unclean medical devices are a key source of hospital-acquired infections. According to the report published by CDC in 2017, hospital-acquired infections result in more than 99,000 deaths every year. Also, according to antimicrobe.org, HAP accounts for around 27.00% of all nosocomial infections acquired in medical intensive care units (ICU). Since these products are needed for disinfection and cleaning of various hospital equipment, therefore, these instances are expected to surge the demand for high level disinfectant services.

Furthermore, the sudden outbreak of COVID-19 across the globe is one of the major factors propelling the market growth. According to the Worldometer estimates, as of 26th April 2021, there are total 147,884,279 cases globally. If more people become infected with the coronavirus, there will be a significant need for critical care supplies that will boost the demand for high-level disinfectant services. Furthermore, major players operating in the market are developing HLDs that are effective against COVID-19. For instance, LANXESS developed Rely+On Virkon and Solvay’s PROXITANE, which is effective against the coronavirus. Hence, such instances indicate considerable market growth over the forecast period.

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High Level Disinfection Services Market Report Highlights

• The outsource segment held the largest revenue share in 2020. Several benefits associated with outsourcing such as cost-saving, customized disinfection services and usage of advanced technology is the major factor propelling segment growth
• The glutaraldehyde segment held the largest revenue share in 2020 and is expected to witness the fastest growth over the forecast period due to the increasing number of surgeries
• The hospitals and clinics segment held the largest revenue share in 2020. The segment growth is majorly driven by the increasing number of hospital-acquired infections and the rising number of people suffering from coronavirus
• In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising prevalence of chronic disorders

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High Level Disinfection Services Market Segmentation

Grand View Research has segmented the global high level disinfection services market on the basis of services, compounds, end use, and region:

High Level Disinfection Services Outlook (Revenue, USD Million, 2016 - 2028)

• In house
• Outsource

High Level Disinfection Services Compound Outlook (Revenue, USD Million, 2016 - 2028)

• Formaldehyde
• Glutaraldehyde
• Ortho-phthalaldehyde
• Hydrogen Peroxide
• Peracetic Acid
• Others

High Level Disinfection Services End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals & Clinics
• Diagnostic Laboratories
• Pharmaceutical & Biotechnology Companies
• Academic and Research Institutes
• Others

High Level Disinfection Services 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 High Level Disinfection Services Market

• Altapure
• STERIS
• Microchem Laboratory
• Metrex Research, LLC.
• Com
• Rentokil Initial plc.
• Advance Sterilization Products (ASP)

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.

Italy Dropshipping Market Trends, Demand, Production, Analysis and Forecast to 2028: Grand View Research Inc.

 Italy Dropshipping Market Growth & Trends

The Italy dropshipping market size is expected to reach USD 5.82 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 18.1% from 2021 to 2028. Although e-commerce penetration is lower than 5% in Italy, the COVID-19 pandemic in 2020 proved transformational for the online business models. Since the outbreak of coronavirus and the resultant lockdown, the uptake of online shopping has witnessed a surge. While it is early to deduce whether the pandemic will bring about a massive shift in consumer buying behavior or not, it is most likely expected to result in changing shopping habits among consumers.

A shift in consumer preference for online shopping amidst the pandemic will bring about several changes to the logistic and e-commerce sector in the country. Although the grocery and provision sector has been at the forefront in online shopping through 2020, we expect this will create a shift in consumer buying patterns, with habits gradually expected to change from brick-and-mortar to online shopping. These changing patterns will create considerable opportunities for online marketplaces that offer various product categories ranging from apparel to electronics.

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Italy Dropshipping Market Report Highlights

• E-commerce growth has resulted in investments in the Italian logistics sector. In 2019, these investments exceeded USD 1 billion, an uptick over the last couple of years. The growth in online commerce came on the back of investments in the logistics sector in 2017, mainly because of the Logicor deal
• Growing smartphone penetration and access to the internet have emerged as the key factors driving the market growth. In Italy, the smartphone penetration rate is over 40%, and it is estimated that, by the end of 2025, more than 70% population in the country is estimated to use a smartphone
• Several companies, such as Shopify and Magento, Inc., to name a few, are developing mobile applications for sellers to manage multiple suppliers across the dropshipping business
• Even the e-commerce software companies are focused on designing multi-vendor dropshipping mobile applications with features that allow sellers in managing orders, location tracking, addition/editing of products, viewing transaction lists and product lists, and more
• Such innovations/software upgrades help companies manage their dropshipping businesses smoothly. The increasing adoption of these solutions is expected to drive the market growth

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Italy Dropshipping Market Segmentation

Grand View Research has segmented the Italy dropshipping market based on product:

Italy Dropshipping Product Outlook (Revenue, USD Million, 2017 - 2028)

• Food
• Furniture
• Beauty & Personal Care
• Personal Electronics and Media
• Other Electronics (Home Appliances including Refrigerators, Washing Machines, Television, etc.)
• Fashion
• Others (Toys, Hobby, & DIY)

List of Key Players in the Italy Dropshipping Market

• com
• com
• com
• Medici in Firenze
• MediaToys Srl
• Oberlo
• co.uk
• Shopify, 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.

Smart Stethoscope Market Trends Analysis And Forecast Till 2028: Grand View Research Inc.

 Smart Stethoscope Market Growth & Trends

The global smart stethoscope market size is expected to reach USD 76.9 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.8% from 2021 to 2028. A surge in the geriatric population, high adoption of technologically advanced products, growing healthcare infrastructure, and various government initiatives are the key driving factors for the market.

The smart stethoscope is user-friendly and cost-effective equipment that assists physicians in obtaining reliable results. Based on heart rate, these stethoscopes help in the diagnosis of respiratory diseases and disorders. Until now, the traditional stethoscope has played a significant role in the department of cardiology. Though, the medical device has some disadvantages, such as poor sound quality, which is particularly noticeable in obese patients and those with a thick chest wall. Hence, there is a booming demand for advanced stethoscopes to replace the traditional version of the medical, leading to market growth.

High prevalence of cardiovascular disorders, enhanced diagnosis, are other factors driving the market. As projected by the WHO, heart disease is the leading cause of death in the U.S., causing around 647,000 deaths every year. Technological advances, as well as the continuous introduction of new and innovative products, are key drivers of business expansion. For instance, recently in July 2020, HD Medical received FDA clearance for its HD Steth that uses artificial intelligence to aid clinicians to perform an advanced cardiac assessment at point-of-care.

Auscultation of the chest is important in COVID-19 patients, particularly those with poor respiratory conditions such as serious pneumonia and respiratory dysfunction, as well as intensive cases who are anesthetized and whose breathing is supported by a ventilator. Nevertheless, proper auscultation of these patients is challenging when medical staff wears personal protective equipment and when communicating with patients is restricted. In such cases, smart stethoscopes are witnessing a major upswing in popularity and novelty.

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Smart Stethoscope Market Report Highlights

• In terms of application, the cardiovascular segment held the largest revenue share of 28.7% in 2020 owing to the increasing prevalence of heart diseases
• In terms of end-use, the hospitals segment held the largest revenue share in 2020. The segment growth is majorly driven by the increasing number prevalence of cardiac and lung disorders
• In Asia Pacific, the market is expected to witness the highest CAGR of 7.5% during the forecast period owing to the rising aging population and presence of huge untapped potential

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Smart Stethoscope Market Segmentation

Grand View Research has segmented the global smart stethoscopes market on the basis of application, end use, and region:

Smart Stethoscope Application Outlook (Revenue, USD Million, 2016 - 2028)

• Cardiovascular
• Neonatal
• Pediatric
• Fetal
• Teaching
• Others

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

• Hospitals
• Clinics
• Ambulatory Surgical Centers (ASCs)

Smart Stethoscope Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Smart Stethoscope Market

• 3M
• Thinklabs
• HD Medical, Inc.
• Eko Devices, Inc.
• eKuore
• M3DICINE Pty Ltd.
• Sonavi Labs
• Steth IO

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.

Life Science Analytics Market Size Is Expected To Reach USD 14.1 Billion by 2028

 Life Science Analytics Market Growth & Trends

The global life science analytics market size is expected to reach USD 14.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.8% from 2021 to 2028. The growing need to improve patient outcomes and reduce healthcare costs is contributing to the growing demand for life science analytical solutions. The growing demand for personalized medicine and the rising impact of social media and the internet on shaping the healthcare industry are boosting growth. Furthermore, the growing adoption of analytical solutions and the emergence of advanced analytics for the life science industry is further driving the market during the forecast period.

The ongoing Covid-19 pandemic has burdened healthcare systems across the globe and is anticipated to drive the demand for analytics in the life science industry. Technological advancements during the pandemic have enabled healthcare systems to develop solutions to overcome physical limitations of capital and labor and open up new sources of value and growth. For instance, Moderna and IBM utilized artificial intelligence, cloud computing, and blockchain solutions to support Covid-19 vaccine management.

Based on component, the services segment accounted for the largest revenue share in 2020 owing to the increasing trend of outsourcing these services since healthcare and life science companies lack resources and capabilities to deploy analytical software and services. Additionally, the services segment is expected to exhibit the fastest growth during the forecast period owing to multi-package services offered by these outsourced companies.

In 2020, the descriptive type segment accounted for the largest revenue share owing to the growing demand for descriptive and quantifiable analysis using historic data. The growing need of understanding past behavior of consumers and serviceable audience to predict future market dynamics using data mining techniques are contributing to the growth of the descriptive type segment. On the other hand, the predictive type segment is anticipated to register the fastest-growing during the forecast period owing to the increasing adoption of advanced analytics to predict possible future outcomes and aids stakeholders in designing strategies and devise appropriate tactics to sustain and improve performance.

Based on the application, the sales and marketing support segment accounted for the largest revenue share in 2020 owing to the increasing adoption of big data analytics in the sales and marketing vertical of life science companies to attain higher consumer responsiveness and gain consumer insight to enhance sales productivity. On the other hand, the research and development segment is expected to exhibit the fastest growth during the forecast period owing to the growing pipeline of pharmaceutical and medical device companies. In addition, the segment is expected to experience an increase in demand for licensing products and technologies and would eventually contribute to the growth and development of the market.

In 2020, the on-premise delivery segment accounted for the highest revenue share owing to the ease of access from remote locations with minimized costs and maintenance. On the other hand, the on-demand delivery segment is anticipated to grow fast during the forecast period owing to the increasing adoption of cloud computing solutions. In addition, increased usage of the internet and web-based services and its enhanced accessibility from the most remote locations are contributing to segment growth.

Based on end-user, pharmaceutical companies accounted for the largest revenue share in 2020 owing to the rising adoption of analytical software solutions to enhance the efficiency of clinical trials and increase drug utilization. On the other hand, the biotechnology segment is anticipated to grow fast during the forecast period owing to the increasing adoption of analytics in genome analysis and sequencing to curb expenditure. In addition, the availability of personalized data analytic solutions is increasing the growth and development of the segment.

In 2020, North America dominated the market and accounted for the largest revenue share. This can be attributed to the rise in adoption of advanced analytics, growing geriatric population and increasing prevalence of non-communicable diseases, high economic development, and presence of well-equipped infrastructure and facilities. On the other hand, Asia Pacific is expected to be the fastest-growing region during the forecast period owing to infrastructure investments, regional expansion, economic development, and low-cost and highly skilled workforce is boosting the growth of the market in Asia Pacific.

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Life Science Analytics Market Report Highlights

• The market is anticipated to witness significant growth over the forecast period owing to the increasing adoption of analytics and the emergence of advanced analytics in the life science industry
• The services component segment dominated the market in 2020, owing to the growing trend of outsourcing these services
• The descriptive type segment dominated the market in 2020, owing to the growing demand for descriptive and quantifiable analysis to understand business scenarios
• The sales and marketing support application segment dominated the market in 2020, owing to the increasing adoption of analytical solutions to enhance sales productivity
• The on-premise delivery mode segment dominated the market in 2020 owing to the easy accessibility of these solutions from remote locations
• The pharmaceutical companies segment dominated the market in 2020 owing to the growing pipeline and need of enhancing clinical trial efficiency and rising demand for personalized medicine
• North America dominated the market in 2020 owing to technological advancements in well-equipped facilities

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Life Science Analytics Market Segmentation

Grand View Research has segmented the global life science analytics market on the basis of component, type, application, delivery, end user, and region.

Life Science Analytics Component Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services

Life Science Analytics Type Outlook (Revenue, USD Million, 2016 - 2028)

• Reporting
• Descriptive
• Predictive
• Prescriptive

Life Science Analytics Application Outlook (Revenue, USD Million, 2016 - 2028)

• Research and Development
• Sales and Marketing Support
• Regulatory Compliance
• Supply Chain Analytics
• Pharmacovigilance

Life Science Analytics Delivery Outlook (Revenue, USD Million, 2016 - 2028)

• On-demand
• On-premise

Life Science Analytics End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Medical Device
• Pharmaceutical
• Biotechnology
• Others

Life Science Analytics Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Life Science Analytics Market

• Accenture
• Cognizant
• IBM
• Oracle
• SAS Institute, Inc.
• Wipro Limited
• IQVIA
• Take Solutions Limited

About Grand View Research

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

North America Electric Vehicles Market to Reflect Steadfast Expansion During 2021-2028: Grand View Research Inc.

 North America Electric Vehicles Market Growth & Trends

The North America electric vehicles market size is expected to reach USD 147.60 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 37.2% from 2021 to 2028. Favorable initiatives to promote the adoption of electric vehicles coupled with rising crude oil prices are anticipated to drive the demand for Electric Vehicles (EVs). Electric vehicles generate power using an electric motor instead of an internal combustion engine that burns a mix of fuels and gases for power generation. The increasing advantages of electric vehicles over conventional vehicles such as zero fuel emission, better performance, and lower total cost of ownership are expected to contribute to the growing demand for electric vehicles in the coming years.

The growing preference for electric vehicles is prompting leading automotive manufacturers to launch electric vehicles. For instance, General Motors, a U.S.-based automotive company, has announced its plan to launch electric vehicles for personal use in the next few years. By 2025, the company will launch 30 EVs worldwide, and around two-third will be available in North America. The market's lucrative nature is expected to encourage more conventional vehicle manufacturers to shift into the electric vehicle space.

The outbreak of the COVID-19 pandemic has changed the overall business scenario for 2020 as well as for the next few years to come. Several industries and industry verticals have witnessed a significant setback due to the pandemic, and the automobile industry is no exception to that. The slumped business scenario has negatively impacted the production and sales of electric vehicles across North America. The electric bus sales in North America in 2020 totaled around 500 units, which was significantly lesser units recorded in 2019, registering a year-on-year decline of over 10% primarily due to the pandemic. However, with increasing government initiatives to adopt electric vehicles, the market is likely to witness significant growth over the forecast period.

In 2020, the U.S. captured around 70% of the electric vehicle demand in North America and is estimated to register a CAGR exceeding 30% from 2021 to 2028. This share is attributed to the rising demand for electric vehicles in the U.S. Moreover, new initiatives are being taken up by charging network companies, automotive manufacturers, and policymakers, and they have launched a new non-profit organization named Veloz. The new organization aims at attracting marketing, innovation, investment, and driving the regional market growth.

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North America Electric Vehicles Market Report Highlights

• In terms of product, the PHEV segment is estimated to register the highest CAGR of over 35% from 2021 to 2028 owing to the increasing demand for electric buses and trucks across the logistics and transportation industry
• In terms of vehicle type, the PCLT segment emerged as the largest segment in 2020 and is anticipated to retain its dominance over the forecast period
• Canada is projected to register the fastest CAGR exceeding 40% from 2021 to 2028 as the government in the country is focused on advancing the programs to support electric vehicle adoption

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North America Electric Vehicles Market Segmentation

Grand View Research has segmented the North America electric vehicles market based on product, vehicle type, and region:

North America Electric Vehicles Product Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Battery Electric Vehicle (BEV)
• Plug-In Hybrid Electric Vehicle (PHEV)

North America Electric Vehicles Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• PCLT
  • Passenger Cars
  • Light Trucks
• Commercial Vehicles

North America Electric Vehicles Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada

List of Key Players in the North America Electric Vehicles Market

• BYD Company Ltd.
• Daimler AG
• Ford Motor Company
• General Motors Company
• Lucid
• Mitsubishi Motors Corporation
• Nissan Motor Company
• Tesla
• TOYOTA MOTOR CORPORATION
• Volkswagen 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.