Buttock Augmentation Market is Anticipated To Generate Significant Revenues by 2028: Grand View Research Inc.

 Buttock Augmentation Market Growth & Trends

The global buttock augmentation market size is anticipated to reach USD 6.6 billion by 2028, according to the new report of Grand View Research, Inc. The market is expected to expand at a CAGR of 22.0% from 2021 to 2028. Buttock augmentation also called gluteal augmentation is a technique used to contour, size, and enhance the appearance. A buttock lift is reported to improve the tone of the underlying tissue and is mainly done by using implants, fat grafting, or sometimes a combination of the two.

Factors like rising technological advancement in aesthetics, rising disposable income, increasing aesthetic consciousness and the high success rate of augmentation procedures are propelling the market growth. According to the International Society of Aesthetic Plastic Surgery, around 5, 34,345 butt augmentation and lift procedures were carried out globally in 2019. Buttock augmentation accounts for 4.7% of total surgical procedures globally.

Growing social media influence, high consciousness towards aesthetic appearance, and its association with self-confidence and self-image by an individual are some of the reasons for market growth. In the light of COVID-19, the market was hampered as patient appointments for surgical treatments were temporarily suspended. However, since the government in many countries has allowed resuming elective surgical procedures, clinics have also started buttock lift and grafting procedures again. Moreover, according to the BBC network, inquiries and appointments for many surgical and non-surgical cosmetic treatments have seen a surge following the pandemic and are thus expected to propel market growth. 

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Buttock Augmentation Market Report Highlights

• By procedure, the buttock implant procedure segment held the largest revenue share in 2020 as techniques like fat grafting and butt lift are more in demand and has faster post-operative healing
• Based on implant type, the fat grafting segment accounted for the largest revenue share in 2020 as this procedure is less complicated, takes less operative time, and has more success rate
• In North America, the market accounted for the largest revenue share in 2020 as the region has a high awareness of such procedure and there is high availability of aesthetic professionals
• In Asia Pacific, the market is expected to grow significantly in the forecast period owing to technological advancements and an increase in patients opting for procedures to improve aesthetic appearances

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Buttock Augmentation Market Segmentation

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

Buttock Augmentation Product Outlook (Revenue, USD Million, 2016 - 2028)

• Buttock Implants
  • Silicone Gel implants
  • Fat grafting
• Buttock Injections
  • Hydrogel Butt Injections
  • PMMA Butt Injections
  • Poly-L-lactic acid
  • Silicone Butt Injections
• Others

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

• Hospitals
• Aesthetic Clinics
• Others

Buttock Augmentation Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Buttock Augmentation Market

• Sientra, Inc
• POLYTECH Health & Aesthetics,
• Allergan
• Sebbin
• Merz North America, Inc
• Silimed
• Spectrum Designs Medical
• Implantech

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.

Endodontic Files Market is Estimated To Reach A Valuation of USD 50.5 Million by 2028: Grand View Research Inc.

 Endodontic Files Market Growth & Trends

The global endodontic files market size is expected to reach USD 50.5 million by 2028, recording a CAGR of 4.8% over the forecast period, according to a new report by Grand View Research, Inc. Higher disposal income levels and rising awareness concerning dental care are expected to drive the market growth. In addition, the rising technological advancement in the field of alloy files and the increasing number of root canal procedures are fueling the market growth.

The government initiatives to provide dental care at subsidized rates or free of cost through the public sector for the low-income groups and dependent groups further encourages more dental visits and dental care awareness. Moreover, the regional associations dedicatedly working towards endodontic, such as the American Association of Endodontists, The Asian Pacific Endodontic Confederation, and The Australian Society of Endodontology, help in creating awareness and support and develop the members associated.

The business strategies adopted in terms of mergers and acquisitions by the key players are propelling the research and development activities resulting in the development of technologically advanced products, which are more efficient and facilitates faster treatment. In addition, it is encouraging geographical expansion, making the files available to dental hospitals, clinics, and academic hospitals worldwide.

The Covid-19 pandemic has further given a boost to the online distribution channel. However, during the initial phase of the pandemic, dental care was affected largely as the dental practices were at high risk of spreading the virus. The dental clinics had to stop the operations and later a complete structural change was needed to prevent the dentist from getting infected.

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Endodontic Files Market Report Highlights

• The manual files segment dominated the market, in terms of revenue share, in 2020 due to the preference for more controlled root canal procedures
• The stainless steel material segment accounted for the highest revenue share in 2020
• On the other hand, Ni-Ti files are expected to witness the fastest CAGR over the forecast period due to their features, such as the shape memory effect, superior elasticity, biocompatibility, and corrosion resistance
• The offline distribution channel segment held a majority of the revenue share in 2020 as most of the hospitals & clinics purchase directly from the manufacturers enabling cooperation and communication to medical specialists and technicians
• On the other hand, the online distribution channel is likely to witness the fastest CAGR over the forecast period due to the rising popularity of online portals as they offer convenience
• The hospitals/OPDs segment led the market in 2020 owing to technological advancements and the government initiatives to provide dental care through the public sector encouraging patients to visit the hospitals
• In 2020, North America held the majority of the global revenue share owing to the continuous development of files for improved efficiency, awareness regarding dental care, and a rise in disposable income levels
• However, Asia Pacific is expected to be the fastest-growing regional market over the forecast period

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Endodontic Files Market Segmentation

Grand View Research has segmented the global endodontic files market on the basis of type, material, distribution channel, end-use, and region:

Endodontic Files Type Outlook (Revenue, USD Million, 2016 - 2028)

• Manual
• Rotary

Endodontic Files Material Outlook (Revenue, USD Million, 2016 - 2028)

• Stainless Steel
• Nickel-titanium

Endodontic Files Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Offline
• Online

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

• Hospitals & OPDs
• Dental Clinics
• Others

Endodontic Files Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Endodontic Files Market

• Dentsply Sirona
• Henry Schein
• Ultradent Products
• FKG Dentaire
• Ivoclar Vivadent
• Coltene
• Micro-Mega
• Brasseler Holdings, 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.

Wine Market Size Is Expected To Reach USD 685.99 Billion by 2028

 Wine Market Growth & Trends

The global wine market size is expected to reach USD 685.99 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. The growing preference for wines among all age groups instead of hard spirits across the world is expected to be a major factor contributing to the growth of the market. In addition to this, growing party culture with higher demand for low alcoholic beverages is anticipated to fuel the market growth over the forecast period.

Wine has gained wide-scale penetration across the globe. Its popularity is attributed to its affordable pricing along with fine taste. Online sales of wine have made it exceptionally affordable and accessible to consumers, regardless of their location. Along with that, digital communication technologies have improved the experience of shopping for different types of wine.

The off-trade distribution channel enjoys maximum penetration across the globe. The regular consumption of table and dessert wines is likely to be the major factor driving the sales of different types of wines through off-trade distribution channels. In addition, the low prices of wine being sold through these distribution channels are likely to encourage more consumers to opt for these, resulting in a positive impact on the market growth over the forecast years.

Companies are increasingly focusing on producing new wines to gain market share across the globe. For instance, in May 2020, E. & J. Gallo Winery announced the launch of a new French rosé, created and developed by Post Malone, a Grammy-nominated record artist, in partnership with Global Brand Equities and Dre London. E. & J. Gallo Company has exclusive distribution and sales support for the brand.

To increase geographic reach, cut down competition, and expand market share, companies are adopting strategies such as mergers & acquisitions and various partnerships. For instance, in 2020, Accolade Wines acquired the operations of Australian wine company Katnook Estate from Wingara Wine Group. Accolade Wines will control approximately 160 hectares of vineyards in Coonawarra, Australia.

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Wine Market Report Highlights

• By product, table wine held the largest share of more than 84.0% in 2020 and is expected to maintain its lead over the forecast period. Being inexpensive and easily accessible through retail, table wines often find preference among new consumers of wine
• The sparkling wine product segment is projected to register the fastest CAGR of 6.6% from 2021 to 2028. Increased consumer interest in spritz drinks and propagation of aperitivo culture in the European region have been driving the demand for sparkling wine
• The off-trade distribution channel held the largest share of 89.0% in 2020. The off-trade distribution channel of wine includes retail outlets, supermarkets, and hypermarkets
• Europe held the largest share of over 46.0% in 2020. Europe is the most established market for wine with several countries such as Portugal, Italy, and France having the highest per capita wine consumption per year

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Wine Market Segmentation

Grand View Research has segmented the global wine market on the basis of product, distribution channel, and region:

Wine Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Table Wine
• Dessert Wine
• Sparkling Wine

Wine Distribution Channel Outlook (Revenue, USD Billion, 2016 - 2028)

• On-trade
• Off-trade

Wine Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Wine Market

• Asahi Group Holdings, Ltd.
• Beijing Yanjing Beer Group Corporation
• The Wine Group
• Castel Frères
• Accolade Wines
• Constellation Brands
• Treasury Wine Estates (TWE)
• Pernod Ricard
• & J. Gallo Winery
• Viña Concha y Toro

About Grand View Research

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

U.S. Vegetable Puree Market Trends, Demand, Production, Analysis and Forecast to 2028: Grand View Research Inc.

 U.S. Vegetable Puree Market Growth & Trends

The U.S. vegetable puree market size is expected to reach USD 9.36 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% from 2021 to 2028. The increasing preference for healthy and vegan food is expected to be a major factor contributing to the growth of the market. Today, consumers are more inclined toward food items that can easily be prepared and consumed.

Hectic work schedules are compelling people to opt for ready-to-eat (RTE) food products and products that are easy to cook and take the least amount of time to prepare. These consumer food preferences are propelling the demand for vegetable puree in the U.S. market.

Tomato puree held the largest revenue share of 44.1% in 2020. Excellent nutritional properties, coupled with the high antioxidant content, are propelling the demand for tomato puree. Moreover, it is one of the versatile products that is widely used in multiple cuisines as a key ingredient. These trends are anticipated to maintain the growth of the tomato puree segment in the U.S. market over the forecast period.

Bakery emerged as the second-largest application segment for vegetable puree in 2020. Customers are increasingly shifting toward healthy bakery options made with healthy ingredients, including vegetables. Key players in the bakery industry are launching vegetable- and fruit-packed bakery products in order to attract more health-conscious and eco-friendly customers.

For instance, in January 2021, Nature’s Bakery announced the launch of baked bars loaded with vegetables and fruits under the brand name Baked-Ins in the U.S. market. The bars are made from whole grains, oats, and fruits and vegetables like sweet potatoes, kale, carrots, and apples. Such products are opening new avenues for vegetable puree in the bakery segment. The U.S. market for vegetable puree is characterized by the presence of a few well-established players and several small- and medium-sized players.

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U.S. Vegetable Puree Market Report Highlights

• By product, the tomato puree segment held the largest revenue share of 44.1% in 2020 and is expected to maintain its lead over the forecast period. The widespread application of tomato puree in the preparation of sauces and dips for pizza, pasta, soups, stews, and other dishes is driving the segment
• The pumpkin puree product segment is projected to register the second-fastest CAGR in terms of revenue from 2021 to 2028. Pumpkin puree is one of the most versatile purees that can be incorporated into dishes, such as pancakes, oatmeal, muffins, pasta, cakes, snacks, pudding, and beverages
• The beverages application segment accounted for the largest revenue share of over 30.0% in 2020 owing to the rising demand for healthy drinks in the U.S. market
• The baby food application segment is expected to register the fastest revenue-based CAGR of 6.2% from 2021 to 2028. Baby nutrition is an important field that the food sector is particularly focusing on after the sudden outbreak of the pandemic

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U.S. Vegetable Puree Market Segmentation

Grand View Research has segmented the U.S. vegetable puree market on the basis of product and application:

U.S. Vegetable Puree Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Tomato
• Spinach
• Broccoli
• Carrot
• Pumpkin
• Bell Pepper
• Beetroot
• Others

U.S. Vegetable Puree Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Beverages
• Bakery
• Snacks
• Baby Food
• Desserts
• Others

List of Key Players of U.S. Vegetable Puree Market

• Döhler
• Grünewald International
• Dennick FruitSource, LLC
• Les vergers Boiron
• SVZ Industrial Fruit & Vegetable Ingredients
• F&S Produce Co, Inc.
• Ingredion Incorporated (Kerr Concentrates)
• Encore Fruit Marketing, 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.

Bathroom Accessories Market Set to Surge Significantly During 2021-2028: Grand View Research Inc.

 Bathroom Accessories Market Growth & Trends

The global bathroom accessories market size is expected to reach USD 37.08 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.2% from 2021 to 2028. The rising instances of home remodeling projects across countries are revamping the growth of the overall market. With the rising home prices, consumers are increasingly investing in home improvement or home remodeling projects rather than buying new homes. The U.S. economy steadily expanded with rising home prices and low unemployment from mid-2009 to 2019, thereby putting more equity in the pockets of homeowners and downward pressure on the number of homes in negative equity.

According to a report published by Houzz, Inc., the average expenditure on bathroom interior renovations in the U.K. was 4,000 Euros in 2018. In the U.S., the average expenditure on guest/other bathrooms was USD 3,500 and for the master bedroom, it was USD 8,000 in the same year. The report also showed that 51% of consumers hired plumbers for various tasks and with consumers looking to add professional touches to their bathrooms, this trend is estimated to rise over the forecast period. This is likely to boost the sales of bathroom accessories.

According to the Home Improvement Research Institute (HIRI), home improvement spending by Americans was estimated to reach USD 439.9 billion in 2020, registering a rise of 8.7%. Moreover, homeowners have been investing in lifestyle-enhancing projects against merely necessary maintenance activities.

In addition, the rising commercial sector, along with the expansion projects in the hospitality industry, is helping paint a positive scenario for the market. According to Hospitalitynet.org, in 2019, with 435 new hotels with 58,202 rooms opened throughout Europe, the region is expected to contribute majorly to the growth of the European market for bathroom accessories. According to TOPHOTELNEWS, Europe leads on a region-by-region basis with 185 hotels and 31,814 rooms, followed by North America with 136 new properties and 23,742 keys in January 2021.

The towel rack/ring product segment held the largest share of 41.4% in 2020. The growing popularity of heated towels in various colors and forms is expected to keep the market growth high over the coming years. Innovation by manufacturers in terms of product design aimed at widening product portfolio to gain competitive advantage is expected to be a key market trend. For instance, Vogue UK introduced ‘Towel Warmers’ that dry wet napkins and towels. The warmer or heated rails keep the towel fabric soft during the drying process.

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Bathroom Accessories Market Report Highlights

• Asia Pacific is expected to register the fastest CAGR from 2021 to 2028. The regional construction industry, which was valued at nearly USD 5 trillion in 2019, is expected to grow at an average annual rate of 8% (2019-2025), with spending and investments pledged by regional governments to provide affordable housing to the poor
• By product, paper holders are expected to expand at the CAGR of 10.1% from 2021 to 2028. The segment is driven by the hospitality sector, which includes hotels, hospitals, and guest houses
• The towel rack/ring product segment held the largest share of 41.4% in 2020 owing to its higher penetration across households as well as commercial sectors

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Bathroom Accessories Market Segmentation

Grand View Research has segmented the global bathroom accessories market on the basis of product and region:

Bathroom Accessories Product Outlook (Revenue, USD Million, 2016 - 2028)

• Towel Rack/Ring
• Hook
• Paper Holder
• Grab Bars
• Others

Bathroom Accessories Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
• Europe
  • UK.
• Asia Pacific
  • China
  • India
• Central & South America
• Middle East & Africa
  • UAE

List of Key Players of Bathroom Accessories Market

• LIXIL Group Corporation
• TOTO Ltd.
• Kohler Co.
• Roca Sanitario, S.A.
• Moen Incorporated
• Hansgrohe Group
• Gerber Plumbing Fixtures LLC
• Monarch Bath Pvt. Ltd.
• Bolina Holding Co., Ltd.
• ASI American Specialties, Inc.

About Grand View Research

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

U.S. Car Wash Service Market Revenue is Expected to Reach USD 20.74 Billion by 2028: Grand View Research Inc.

 U.S. Car Wash Service Market Growth & Trends

The U.S. car wash service market size is expected to reach USD 20.74 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.8% from 2021 to 2028. In the U.S., more than 72% of drivers use professional car wash services frequently and conveyor car wash is the most revenue-generating service. The on-demand car wash platform can be a good start in this industry if service providers can get the consumers to wash their cars more frequently at these service stations. Many consumers prefer washing their cars at home owing to the high expense and time consumed at car washing stations. Therefore, on-demand car wash apps can emerge as an ideal solution to reduce the time spent at car washing stations.

The low cost of gas and low-interest rates are directly proportional to the increase in the number of new cars on the roads in the U.S. This trend bodes well for the car wash industry. While some customers are buying new cars for the first time, others are upgrading theirs. These customers are highly motivated to keep their new cars clean and in great condition, spurring the demand for car wash services. Ongoing developments in technology are also changing the face of on-demand car wash services. Newer technologies are enabling a greater number of cars to be washed in lesser time and produce better results, thereby propelling the growth of the U.S. market.

By type, roll-over/in-bay car wash services dominated the market in 2020 and will expand at the fastest CAGR over the forecast period. Low operating costs, less space required for installation, and low water consumption are some of the major factors driving the demand for in-bay car wash among operators. In general, in-bay services use 10-50 gallons of water per car, whereas tunnel services use 14-60 gallons of water. Consumers also are more inclined toward automated in-bay car wash services as they cost less, and the process is much faster and more efficient.

The ongoing trend of on-demand car wash is fueling consumer preference for professional car wash service rather than home washing. The shift from ‘do-it-yourself’ to ‘do-it-for-me is a major trend among consumers with hectic lifestyles and busy schedules. Companies are expanding their presence through a greater number of locations and rendering additional services. For instance, companies such as Washos and Spiffy are continuing to add locations, with Washos hitting a new milestone of 40,000 active clients with a steady monthly growth of 25% in August 2017.

According to the International Carwash Association, the percentage of drivers reporting for most frequent washing of their vehicles at a professional car wash has increased from approximately 48% in 1994 to over 77% in 2019. In addition, around 66% of Americans wash their vehicles somewhere between 1-2 times per month, resulting in 13 washes per year on an average.                                           

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U.S. Car Wash Service Market Report Highlights

• By type, the roll-over/in-bay segment accounted for the largest share of 41.8% in 2020. This is attributed to the increasing penetration of auto dealerships in the car wash service industry, which has fueled the installation of automatic wash facilities on their sites
• The self-service type segment is expected to expand at a CAGR of 4.9% from 2021 to 2028 owing to its increasing popularity among consumers who prefer to wash their vehicles by themselves
• Key players are taking up acquisitions and expansions to gain a foothold in the market
• In October 2020, Zips Car Wash announced its expansion into Marion, North Carolina as a part of its aggressive growth strategy. Zips Car Wash will offer free top washes from October 9–18 and USD 1 Unlimited Wash Club Memberships for the first month

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U.S. Car Wash Service Market Segmentation

Grand View Research has segmented the U.S. car wash service market on the basis of type:

U.S. Car Wash Services Type Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of U.S. Car Wash Service Market

• Zips Car Wash
• Autobell Car Wash, Inc.
• International Car Wash Group (ICWG)
• Quick Quack Car Wash
• Super Star Car Wash
• True Blue Car Wash
• Hoffman Car Wash & Hoffman Jiffy Lube
• Wash Depot Holdings, Inc.
• Splash Car Wash
• The Wash Tub

About Grand View Research

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

Video Conferencing Market Size Is Expected To Reach USD 9.95 Billion by 2028

 Video Conferencing Market Growth & Trends

The global video conferencing market size is expected to reach USD 9.95 billion by 2028 with a CAGR of 11.4% over the forecast period, according to a new report by Grand View Research, Inc. Trends such as the increasing transition towards cloud and the growing adoption of Video Conferencing as a Service (VCaaS) are expected to drive market growth. As remote and globalized working models are becoming popular, the move to the cloud is becoming inevitable, thereby driving the demand for video conferencing solutions.

Due to the COVID-19 pandemic, a large number of organizations globally have encouraged their employees to work from home or remotely, driving the demand for video conferencing applications and software. The education sector witnessed a notable rise in the demand for these solutions in 2020 to continue with online learning and seminars. The primary growth driver for the market, especially in 2020, remained the need for organizations to facilitate employee collaboration, which led to the demand for conferencing apps such as Microsoft Teams, Google Meet, and Zoom. Several companies have witnessed the digital transformation in just 2 to 3 months that would otherwise occur over two years due to the COVID-19 pandemic. However, despite the elevated demand, security concerns have posed to be a challenge to market growth.

The increased demand for these solutions has encouraged market players to offer products with distinctive features and innovations to remain competitive. In 2020, Google Meet, Google’s video meeting tool that was meant to be an enterprise solution, was made available to everyone to directly compete with competitors. Furthermore, in April 2020, Facebook launched its video meeting tool Messenger Rooms, which allows 50 people to join a video conference. In March 2020, Microsoft Corporation rebranded Office 365 to Microsoft 365 to go beyond enterprise customers, which widened its subscriber base.

Companies with a global presence and workforce are the early adopters of video conferencing technology and more likely to deploy video conferencing systems to enable effective communication between multiple teams located in different countries. Video conferencing technology also provides a better social interaction platform as compared to conventional voice calls as it offers features such as eye-to-eye contact. With the increasing globalization of businesses worldwide, the need is strong to set up a flexible, cost-effective, and scalable communication network, which helps facilitate better communication, team collaboration, and decision-making capability.

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Video Conferencing Market Report Highlights

• In terms of components, the software segment is expected to register the highest CAGR over the forecast period. This can be attributed to the increase in cloud-based subscriptions across different platforms
• Small and medium-sized companies are adopting these services to rapidly expand their geographic operations by establishing a centralized communication platform that uses advanced technologies, such as 4G and VoIP. Hence, the small and medium enterprises segment is expected to expand at a promising pace over the forecast period
• In terms of end use, the healthcare sector is expected to witness substantial growth over the next few years. The need to remain connected across dispersed teams has elevated the demand for video conferencing solutions in the healthcare sector
• Growth in the educational sector has also gained traction owing to the increased demand for distance learning. Web conferencing, audio conferencing, and IM are being widely used for delivering notes and streaming live conferences
• Market players offer a competitive pricing structure and bundle services to help the end users save costs. Recently, companies such as Ring Central and 8x8, Inc. have updated their pricing structures with multiple tiers of pricing plans

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Video Conferencing Market Segmentation

Grand View Research has segmented the global video conferencing market based on component, deployment, enterprise size, application, end use, and region:

Video Conferencing Component Outlook (Revenue, USD Million, 2017 - 2028)

• Hardware
  • Camera
  • Microphone/Headphone
  • Others
• Software
• Services
  • Professional Services
  • Managed Services

Video Conferencing Deployment Outlook (Revenue, USD Million, 2017 - 2028)

• On-premise
• Cloud

Video Conferencing Enterprise Size Outlook (Revenue, USD Million, 2017 - 2028)

• Large Enterprises
• Small & Medium Enterprises (SMEs)

Video Conferencing Application Outlook (Revenue, USD Million, 2017 - 2028)

• Consumer
• Enterprise

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

• Corporate
• Education
• Healthcare
• Government & Defense
• BFSI
• Media & Entertainment
• Others

Video Conferencing Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in the Video Conferencing Market:

• Avaya, Inc.
• Cisco Systems, Inc.
• Huawei Technologies Co., Ltd.
• Logitech International S.A.
• Microsoft Corporation
• Polycom Inc.
• Zoom Video Communications, 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.

Data Annotation Tools Market Size Is Expected To Reach USD 3.4 Billion by 2028

 Data Annotation Tools Market Growth & Trends

The global data annotation tools market size is expected to reach USD 3.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 27.1% from 2021 to 2028. The advent of big data is expected to drive the growth of the artificial intelligence market as a large volume of information is required to be recorded, stored, and analyzed. The adoption of artificial intelligence is expected to significantly boost market growth as the annotated information acts as a catalyzer to train AI models and machine learning systems in critical areas such as speech recognition and image recognition. These tools offer AI its strength by directly providing information that is relevant to determining future outcomes and decision-making.

Currently, there is a growing trend of manufacturing autonomous vehicles in the automotive industry, which is attracting larger investments for the development of these vehicles. An autonomous vehicle includes a combination of various sensors and networking systems that assist the computer in driving the vehicle. The annotated information allows autonomous vehicle computer models to recognize and learn from it. Several technology providers such as Google LLC; Tesla Motors; Apple Inc.; and Huawei Technologies Co., Ltd. have also entered the autonomous vehicle market. The rising investments in the self-driving market are expected to drive the future demand of the data annotation market. For instance, in February 2021, Appen Limited, a provider of effective training data and AI systems, announced the launch of new training data annotation and quality assurance services for autonomous vehicle manufacturers.

The rising innovations in the retail segment, specifically in improving the e-commerce sector, using the information labeling tools is expected to drive the market demand over the forecast period. For instance, in February 2019, Walmart Labs acquired Dataturks, an India-based data annotation start-up. Dataturks offers annotation tools for image and text information by using machine learning. The acquisition helped drive innovations in the catalog quality and other aspects of the Walmart merchandising platform.

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Data Annotation Tools Market Report Highlights

• Rising demand for machine learning in automated data analytics is expected to augment demand for automatic information labeling tools in various data-driven applications. In addition, a rising focus on image annotation is anticipated to enhance the operations of the automotive, retail, and healthcare sector and thus is expected to propel market growth
• In terms of annotation type, the manual segment captured the largest revenue share in 2020.The attributes such as accuracy, able to capture edge cases, and intelligent human resource is efficient enough to ensure high quality across large volumes of data. Which make manual annotation tools highly suitable to train machine learning algorithms for computer vision applications
• Information labeling tools find greater acceptance in the automobile industry, especially for self-driving vehicles. High-resolution cameras, LIDAR sensors, and a huge amount of information are needed for creating the training data sets for such highly sensitive visual perception models in autonomous vehicles
• To gain a competitive edge in the market, key players have started adopting the client base expansion strategy by raising funds for the development of their platform. For instance, in February 2020, Labelbox, Inc. raised a series B funding of around USD 25 million to enhance its platform with data labeling capabilities for AI training models. The funds were used to accelerate the computer vision and machine learning models by augmenting the size of the company’s sales and engineering teams

Access Press Release@ https://www.grandviewresearch.com/press-release/global-data-annotation-tools-market

Data Annotation Tools Market Segmentation

Grand View Research has segmented the global data annotation tools market based on type, annotation type, vertical, and region:

Data Annotation Tools Type Outlook (Revenue, USD Million, 2017 - 2028)

• Text
• Image/Video
• Audio

Data Annotation Tools Annotation Type Outlook (Revenue, USD Million, 2017 - 2028)

• Manual
• Semi-supervised
• Automatic

Data Annotation Tools Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• IT
• Automotive
• Government
• Healthcare
• Financial Services
• Retail
• Others

Data Annotation Tools Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • Japan
  • India
• South America
  • Brazil
• Middle East and Africa

List of Key Players of Data Annotation Tools Market

• com
• Appen Limited
• CloudApp
• Cogito Tech LLC
• Deep Systems
• Labelbox, Inc
• LightTag
• Lotus Quality Assurance
• Playment Inc
• Tagtog Sp. z o.o
• CloudFactory Limited
• Clickworker GmbH
• Alegion
• Figure Eight Inc.
• Amazon Mechanical Turk, Inc
• Explosion AI GMbH
• Mighty AI, Inc.
• Trilldata Technologies Pvt Ltd
• Scale AI, Inc.
• Google LLC
• Lionbridge Technologies, Inc
• SuperAnnotate 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.

Procurement As A Service Market Size Is Expected To Reach USD 10.29 Billion by 2028

 Procurement As A Service Market Growth & Trends

The global procurement as a service market size is expected to reach USD 10.29 billion by 2028 and is anticipated to expand at a CAGR of 8.2% from 2021 to 2028, according to a new report by Grand View Research, Inc. The proliferation of digital technology and the need to address supply chain risks have contributed to market growth. Although the COIVD-19 pandemic posed a minor hiccup to the otherwise positive market outlook, the industry may reach pre-covid levels by 2022. On average, over 60 percent of the organization's spending is captured by sourcing and procurement-related functions. Therefore the demand for providers that help reduce this cost will drive market growth over the forecast period.

Digital transformation has resulted in a shift towards a cloud environment, where procurement service providers update their solutions to web-based applications. Cloud offers flexibility and ease, subsequently helping service providers to lower storage data costs. This further helps in improving business operations and making custom solutions available to the end markets. In addition to the cloud, AI is also making its way into the procurement service business with a unique selling point of offering data analytics while enhancing operations. All these features and benefits clubbed together create lucrative opportunities for industry incumbents to increase their customer base and bode well for market growth.

Owing to the need to manage complex procurement contracts, the demand for procurement services is gaining traction among small and medium-sized businesses. Deals involving contracts require expertise and time to deliver, and hence procurement as a service is a popular choice among SMEs. These services help companies focus on core competencies while outsourcing time-consuming and intricate tasks.

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Procurement As A Service Market Report Highlights

• The global market, although witnessed a minor setback in 2020, the market is estimated to reach pre-covid levels by the end of 2022. From 2021 to 2028, the overall market will register an estimated CAGR exceeding 8%
• Large enterprises have been the major revenue contributors and will continue to dominate overall demand by 2028, reaching over USD 5,000 million
• The manufacturing sector would continue dominating the overall demand through 2028. The sectoral demand for procurement as a service solution will surpass USD 1,000 million in 2021 and will register a CAGR exceeding 7% over the next seven years
• North America trailed Europe in 2020 and is expected to emerge as a dominant regional market by 2028, registering a CAGR of around 8% from 2021 to 2028. Increased demand for outsourcing supply chain operations to deal with unpredictable industry dynamics will contribute heavily towards regional growth over the future
• Accenture, Aegis, HCL Technologies Ltd., IBM, GEP, Genpact, Infosys, Wipro, WNS (Holdings) Ltd., and Tata Consultancy Services Limited, are a few players leading industry dominance. M&A will continue to be a fundamental strategy outlook for several players in this business

Access Press Release@ https://www.grandviewresearch.com/press-release/global-procurement-as-a-service-market

Procurement as a Service Market Segmentation

Grand View Research has segmented the global procurement as a service market based on component, organization, vertical, and region:

Procurement as a Service Component Outlook (Revenue, USD Million, 2016 - 2028)

• Strategic Sourcing
• Spend Management
• Process Management
• Category Management
• Contract Management
• Transaction Management

Procurement as a Service Organization Outlook (Revenue, USD Million, 2016 - 2028)

• SMEs
• Large Enterprises

Procurement as a Service Vertical Outlook (Revenue, USD Million, 2016 - 2028)

• BFSI
• Manufacturing
• Retail
• IT & Telecom
• Healthcare
• Others

Procurement as a Service Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Procurement as a Service Market

• Accenture
• HCL Technologies Ltd
• Aegis
• GEP
• IBM
• Infosys
• Genpact
• Wipro
• WNS (Holdings) Ltd.
• Tata Consultancy Services 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.

Middle East Movies & Entertainment Market Top Companies, Trends and Growth Factors Details for Business Development

 Middle East Movies & Entertainment Market Growth & Trends

The Middle East movies and entertainment market size is anticipated to reach USD 3.57 billion by 2028, registering a CAGR of 8.5% during the forecast period, according to a new report by Grand View Research, Inc. Increasing popularity of 3D movies that give the audience an experience of virtual reality is projected to drive growth. Additionally, the introduction of new marketing and distribution platforms such as IPTV, digital newspapers, DTH, and digital cable, as well as the online sales of music and movies, is anticipated to boost industry progress.

The Middle East movies and entertainment market is characterized by the presence of several well-established players. These players account for a significant market share and have diverse product portfolios and a strong presence across the region. The market also comprises small to midsized players that offer a selected range of products and mostly serve country-level customers.

Product launches help companies address the evolving needs of customers and gain a competitive edge over other players by offering new and innovative entertainment services. For instance, in April 2020, beIN Media Group, LLC launched a new cinema service that offers the latest international movies. The company announced ground-breaking cooperation with film distributors so that it can provide the latest movies straight to subscribers before they are seen in the cinema. This latest on-demand service is a positive announcement from the company given the current situation, and it would help keep consumers entertained and connected during the coronavirus crisis, bringing cinema to households across the Middle East and North Africa (MENA).

Some of the key players operating in the market are focusing on acquisitions to diversify their product offerings and strengthen their position in the market. For instance, in March 2019, The Walt Disney Company closed its USD 71 billion acquisition of 21st Century Fox’s entertainment assets. This acquisition allows the company to produce and distribute news, sports, and entertainment content through Fox News, Fox Sports, the Fox Network, and the Fox Television Stations.

The key companies are also focusing on strategic measures to expand their reach to a larger consumer base. For instance, Netflix Inc. is focusing on expanding its streaming membership business across the globe. To achieve the same, the company is improving its members’ experience by expanding its streaming content with an emphasis on programming a compelling mix of content that delights its existing members and attracts new members. Furthermore, it is continuously enhancing its user interface and extending streaming services to internet-connected screens.

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Middle East Movies & Entertainment Market Report Highlights

• Movies are projected to be the fastest-growing segment by progressing at a CAGR of 14.0% over the forecast period
• The movies segment was valued at USD 334.0 million in 2020 and is expected to reach USD 953.3 million by 2028
• Saudi Arabia region is foreseen to remain at the forefront regarding market share and projected to accounts for a total market share of 27.5% in 2028
• Some of the key players operating in the Middle East movies and entertainment market includes Netflix, Inc.; Amazon.com, Inc.; beIN Media Group, LLC; MBC Group; Sony Entertainment, Inc.; and The Walt Disney Company

Access Press Release@ https://www.grandviewresearch.com/press-release/middle-east-movies-entertainment-market-analysis

Middle East Movies & Entertainment Market Segmentation

Grand View Research has segmented the Middle East movies and entertainment market based on product and country:

Middle East Movies & Entertainment Product Outlook (Revenue, USD Million, 2016 - 2028)

• Movies
• Music & Videos

Middle East Movies & Entertainment Country Outlook (Revenue, USD Million, 2016 - 2028)

• Saudi Arabia
• UAE
• Kuwait
• Bahrain
• Qatar
• Oman
• Others

List of Key Players of Middle East Movies & Entertainment Market

• beIN Media Group, LLC 
• Sony Entertainment, Inc.
• The Walt Disney Company
• All Over Group
• Netflix, Inc.
• SilverGrey
• The Idea Factory
• MBC Group
• com, Inc.
• Mazzika Group

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.