Network Probe Market: Advanced Technologies and Growth Opportunities Worldwide By 2028

 Network Probe Market Growth & Trends

The global network probe market size is expected to reach USD 1.24 billion by 2028, registering a CAGR of 12.3% from 2021 to 2028 according to a new report by Grand View Research, Inc. Network probes help businesses to understand the protocols being used in the network that hosts the sending and receiving of data, the location of network traffic, and others. Thus, companies are widely adopting network probes for getting in-depth visibility of their network, which is driving the growth of the market.

Mobile network providers are increasingly demanding network probes to monitor the network required for 5G connections to improve customer experience. As such, various mobile companies are partnering with network probe companies to provide network visibility for 5G connections. For instance, in September 2020, Gigamon announced its partnership with Nokia to deliver enhanced customer experience and network visibility to accelerate the adoption of 5G.

Many network probe solution providers are entering into a partnership with digital service providers for helping enterprises grow digitally. For instance, in April 2021, Netscout, a network service provider, announced its partnership with Dell Technologies. Through this partnership, the companies aim to deliver cost-effective solutions to medium-to-large-sized enterprises to help them grow digitally.

The outbreak of COVID-19 is anticipated to favorably impact the market. Network probes enable businesses to secure their data remotely, which is driving market growth. Furthermore, the increase in internet usage due to the work-from-home policy is boosting the demand for network probes for managing network traffic. 

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Network Probe Market Report Highlights

• The solution segment dominated the market growth in 2020. Businesses are increasingly demanding network probe solutions as they enable them to identify the causes of the slowdown in their network
• The on-premise segment dominated the market growth in 2020. Benefits offered by on-premise network probes, such as management of maintenance and installation of solutions on the premises of end-users, are contributing to the segment growth
• The small and medium enterprises segment is expected to witness the fastest growth over the forecast period. The shift of small and medium enterprises toward digital transformation is driving the demand for network probes in the segment
• The enterprises segment dominated the market growth in 2020. The growing need for real-time network visibility among enterprises is driving the segment growth
• The growing adoption of technologies in emerging economies such as China and India is expected to create growth opportunities for the market in the Asia Pacific region

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Network Probe Market Segmentation

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

Network Probe Component Outlook (Revenue, USD Million, 2017 - 2028)

• Solution
• Services
  • Consulting
  • Integration & Deployment
  • Training & Support

Network Probe Deployment Outlook (Revenue, USD Million, 2017 - 2028)

• Cloud
• On-premise

Network Probe Enterprise Size Outlook (Revenue, USD Million, 2017 - 2028)

• Large Enterprises
• Small & Medium Enterprises

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

• Service Providers
• Enterprises
  • BFSI
  • Government
  • IT & Telecom
  • Others

Network Probe Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Network Probe Market

• SolarWinds
• NETSCOUT
• Broadcom
• IBM
• Cisco
• Nokia
• Catchpoint
• Cubro
• Kentik
• NEC

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. Market For Residential Solar PV to Witness Tremendous Growth and Expansion by 2028

 U.S. Residential Solar PV Market Growth & Trends

The U.S. residential solar PV 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 5.6% from 2021 to 2028. Factors such as rising demand for renewable clean power generation and government policies related to incentives and tax rebates for solar PV (photovoltaic) systems are expected to drive the market over the forecast period. Increasing awareness among people regarding the use of low carbon-intensive technologies to limit carbon footprint is one of the major factors driving the adoption of solar PV systems in the U.S. residential sector.

The rejoining of the U.S. in the Paris Climate Agreement in February 2021 is expected to further boost market growth. Further, the extension of Investment Tax Credit (ITC) for residential solar PV installations at 26% by 2022 and 22% by 2023, is anticipated to boost the growth of the industry over the forecast period.

California is expected to continue to have a dominating market share as compared to other states in the U.S. on account of the presence of supporting policies, plans, and financial incentives for solar PV installation in the residential sector. In addition, the adoption of the California solar mandate from January 2021 is expected to boost market growth in the state over the coming years. The mandate states that all new residential properties to be constructed in the state should opt for solar PV systems.

The availability of alternative clean power generation technologies in form of wind power and fuel cell systems is expected to hinder the growth of the market. Increase in research and development activities and the presence of favorable policies and regulations for these power generation sources are factors likely to boost their adoption over the forecast period. These factors are expected to limit the growth of the industry over the forecast period. 

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U.S. Residential Solar PV Market Report Highlights

• The retrofit construction segment accounted for the major revenue share in 2020 owing to large number of homes already present across the country as compared to number of homes built on yearly basis. Further, presence of various financial incentives provides positive environment for the end-users to install solar PV systems in their homes
• California accounted for a significant revenue share in 2020. Factors such as supporting policies and regulations and rebate programs such as SMUD - PV Residential Retrofit Buy-Down and City of San Francisco - Solar Energy Incentive Program have boosted market growth in the state
• Some of the major strategic initiatives taken by vendors in the market include mergers and acquisitions, business expansion in country, and strategic collaborations with market participants

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U.S. Residential Solar PV Market Segmentation

Grand View Research has segmented the U.S. residential solar PV market on the basis of construction and state:

U.S. Residential Solar PV Construction Outlook (Volume, MW; Revenue, USD Million, 2016 - 2028)

• Retrofit
• New Construction

U.S. Residential Solar PV State Outlook (Volume, MW; Revenue, USD Million, 2016 - 2028)

• California
• New York
• Arizona
• New Jersey
• Massachusetts
• Texas
• Rest of the U.S.

List of Key Players of U.S. Residential Solar PV Market

• Tesla
• SunPower Corporation
• Sunrun
• Trinity Solar Inc.
• Sungevity
• Momentum Solar
• Petersen Dean Inc.
• ACE Solar
• Sunlux
• Titan Solar Power

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.

Unified Communication – Be Unified be Connected

 

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Enterprises have transitioned to Unified Communications (UC) solutions to reduce operating expenses, increase revenues, and strengthen customer relationships. UC enhances the decision-making process by integrating various communication tools into a single platform. Thus, unified communications solutions are typically deployed to foster cross-functional activities and yield positive results.

Complete Overview Of Satellite Communication

 

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Satellite communication refers to transmitting signals in the form of a beam of modulated waves between the sender and receiver antenna with the help of a satellite. These signals are amplified and sent back to the receiver antenna on the earth's surface. Satellite communication (SATCOM) also plays a crucial role in increasing the communication technology infrastructure in rural areas. At present, several thousand artificial satellites are orbiting the earth. These artificial satellites transfer analog and digital signals carrying data in the form of voices, photographs, and videos to and from one or several locations across the globe.

Global ATM Market to Register Stable Expansion During 2021 – 2028: Grand View Research Inc.

 ATM Market Growth & Trends

The global ATM market size is expected to reach USD 29.89 billion by 2028 and is projected to register a compound annual growth rate (CAGR) of 4.9% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. An Automated Teller Machine (ATM) is a specialized computer that acts as a digital banking outlet for customers to make basic banking transactions using debit and credit cards. An ATM typically comprises a keypad, dispenser, printer, card reader, and display screen to prompt the user through each step of the transaction. Some ATMs handle money and act solely as cash dispensers while some execute various tasks as fund transfer, check and cash deposit, and bill payment.

These machines also allow users to change card passwords and view their bank account balances. Increasing demand for automated systems in developing countries is expected to positively influence the global ATM installed base over the forecast period. However, the market is projected to lose momentum due to a significant increase in the adoption of mobile and internet banking applications.

The rising demand for automation in the banking sector in several developed and emerging countries is expected to fuel the demand for ATMs in the near future. Increased adoption of advanced technologies and digital infrastructure in the banking sector, coupled with the rising demand for quick cash withdrawal by the user, is a major factor expected to drive the market growth. The increasing deployment of ATMs in organizations and financial institutions in developing economies is also anticipated to boost the demand for ATMs over the forecast period.

Onsite ATMs are being deployed in the bank premises to help customers avoid long queues for cash deposits, withdrawals, and cash transfers. The evolving banking infrastructure and an increasing number of onsite ATMs to enhance customer satisfaction are also expected to provide growth opportunities to the growth of the market.

Asia Pacific accounted for the largest share of the market in 2020. The radical economic and industrial development witnessed in recent years has attracted several global banks to developing economies such as India, China, South Korea, and Taiwan. This has helped boost the regional market growth.

The market for ATM is expected to witness a boost after the COVID-19 pandemic is over. The introduction of smart ATMs in developing countries such as India, China, and Japan is expected to augment growth opportunities for the market. Furthermore, cash continues to be the first choice of customers to make payments owing to the convenience involved. The evolution of digital payment solutions such as bitcoin transactions and mobile banking will hamper the market growth in the long run.

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ATM Market Report Highlights

• In terms of solution, the deployment segment dominated the market in 2020. The segment accounted for over 50% of the overall industry in 2020
• The thriving tourism industry plays a vital role in assisting the market growth. ATMs allow foreign tourists to easily exchange currency through the Dynamic Currency Conversion feature
• In terms of region, the Asia Pacific market is expected to be a fast-mover, with the rapidly developing Chinese and Indian economies spearheading market growth

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ATM Market Segmentation

Grand View Research has segmented the global ATM market based on solution and region:

ATM Solution Outlook (Revenue, USD Million, 2018 - 2028)

• Deployment
  • Onsite ATM
  • Offsite ATM
  • Worksite ATM
  • Mobile ATM
• Managed Service

ATM Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of the ATM Market

• Diebold Nixdorf
• Fujitsu Limited
• G4S plc
• GRG Banking
• Hitachi-Omron Terminal Solutions, Corp. (Hitachi)
• NCR Corporation
• OKI Electric Industry Co., Ltd.
• Guangzhou King Teller Technology Co. Ltd

About Grand View Research

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

Multi-access Edge Computing Market To Hold a High Potential for Growth by 2028: Grand View Research Inc.

 Multi-access Edge Computing Market Growth & Trends

The global multi-access edge computing market size is anticipated to reach USD 23.36 billion by 2028, exhibiting a CAGR of 42.6% over the forecast period, according to a new report by Grand View Research, Inc. Rise in the adoption of Over The Top (OTT) media streaming services and emerging demand among individuals to gain access to personalized content is expected to drive the market growth. Increasing number of users adopting the OTT video delivery model is expected to promote telecom companies and mobile networks to upgrade their existing infrastructure. Using the multi-access edge computing (MEC) architecture system brings backend functionality closer to the user network, which is expected to aid Multichannel Video Programming Distributors (MVPD) to meet their customers’ demands.

The industry is witnessing increased adoption in end-use industries, including IT and telecom, data centers, and automotive. Apart from the dominant end-use sectors, the retail sector is expected to witness significant disruption due to the amalgamation of MEC over the next few years. Deployment of MEC technology is expected to enable stores to improve the performance of in-store systems and reduce data processing time, thus ensuring faster resolving of customer grievances. Furthermore, adoption of this technology is expected to reduce the load on external macro sites, thus offering a seamless in-store experience for users. Reduced Total Cost of Ownership (TCO) due to integration of MEC in network systems as compared to legacy systems and subsequent ability to generate faster Return on Investment (RoI) is further expected to encourage smaller retail chains to leverage MEC technology.

Increasing number of IoT devices and the emerging need to gain access to real-time analysis of data generated by them is expected to drive MEC market growth. Furthermore, multi-access edge computing deployment allows the improvisation of resource utilization and alleviation of routing and computing burdens due to deployment via virtual machine from the network edge to cloud computing centers. Leveraging this technology in IoT can facilitate reduced pressure on cloud networks and result in lower energy consumption, which is expected to offer significant growth opportunities to the market.

Multi-access edge computing is expected to enhance manufacturing practices and thus facilitate the advent of connected cars ecosystem. Connected cars are equipped with computing systems, wireless devices, and sensing, which have to work together in a coordinated fashion, thus facilitating the need to adopt MEC. The technology can be leveraged to exchange critical operational and safety information to enhance efficiency, safety, and enhance value-added services such as smart parking and car finder. Furthermore, provision of road hazard mapping systems, collision warning, emergency vehicle warning, and congestion detection is attracting individuals to experience these features, which is boosting the market growth.

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Multi-access Edge Computing Market Report Highlights

• The software segment is anticipated to be the fastest-growing segment owing to emerging demand among service providers to use software that can be deployed for various applications without making changes to existing 3GPP standards hardware infrastructure
• The energy and utilities segment is expected to witness the fastest growth rate over the forecast period owing to increasing demand among companies to quickly access insights and analyze data generated from remote locations
• The Asia Pacific region is expected to emerge as the fastest-growing regional market due to strong support from the government to encourage advanced network infrastructure
• Some of the key players in the multi-access edge computing market are Microsoft Corporation, Hewlett Packard Enterprise Development LP, FogHorn Systems, and Saguna Networks, Ltd.

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Multi-access Edge Computing Market Segmentation

Grand View Research has segmented the global multi-access edge computing market on the basis of solution, end use, and region:

Multi-access Edge Computing Solution Outlook (Revenue, USD Million, 2018 - 2028)

• Hardware
• Software
• Services

Multi-access Edge Computing End-use Outlook (Revenue, USD Million, 2018 - 2028)

• IT & Telecom
• Smart Cities, Smart Homes, & Smart Buildings
• Datacenters
• Energy & Utilities
• Automotive
• Others (Healthcare, Agriculture)

Multi-access Edge Computing Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of Multi-access Edge Computing Market

• ADLINK Technology Inc.
• Advantech Co., Ltd.
• FogHorn Systems
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co., Ltd.
• Juniper Networks, Inc.
• Saguna Networks Ltd.
• SMART Embedded Computing (Artesyn Technologies)
• Vapor IO
• ZephyrTel

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.

AI Training Dataset Market Projected to Discern Stable Expansion by 2028

 AI Training Dataset Market Growth & Trends

The global AI training dataset market size is expected to reach USD 4.90 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 19.5% from 2021 to 2028. Artificial Intelligence (AI) technology is proliferating. As organizations are transitioning toward automation, the demand for technology is rising. The technology has provided unprecedented advances across various industry verticals, including marketing, healthcare, logistics, transportation, and many others. The benefits of integrating the technology across various operations of the organizations have outweighed its costs, thereby driving adoption.

Due to the rapid adoption of artificial intelligence technology, the need for training datasets is rising exponentially. To make the technology more versatile and accurate with its predictions, a wide number of companies are entering the market space by release various datasets operating across various use cases to train the Machine Learning (ML) algorithm. Such factors are substantially contributing to market growth. 

Factors such as the cultivation of new high-quality datasets to speed up the development of AI technology and deliver accurate results are driving the market growth. For instance, in January 2019, IBM Corporation, a technology company, announced the release of a new dataset that comprises 1 million images of faces. This dataset was released to help developers to train their face recognition systems supported by artificial intelligence technology with diverse datasets. This dataset will help them to increase the accuracy of face identification.

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AI Training Dataset Market Report Highlights

• The increasing creation of synthetic training data for unsupervised and supervised training of machine learning algorithms is driving the adoption of datasets by organizations thereby catalyzing the market growth
• The image/video segment is expected to portray a high CAGR of approximately 22% over the projected period
• The Asia Pacific regional market is expected to witness significant growth over the forecast period, owing to the substantial adoption of AI technology
• The key players in the market are Google, LLC (Kaggle); Appen Limited; Cogito Tech LLC; Lionbridge Technologies, Inc.; Amazon Web Services, Inc.; Microsoft Corporation; Scale AI; Inc.; Samasource Inc.; Alegion; and Deep Vision Data

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AI Training Dataset Market Segmentation

Grand View Research has segmented the global AI training dataset market based on type, vertical, and region:

AI Training Dataset Type Outlook (Revenue, USD Million, 2018 - 2028)

• Text
• Image/Video
• Audio

AI Training Dataset Vertical Outlook (Revenue, USD Million, 2018 - 2028)

• IT
• Automotive
• Government
• Healthcare
• BFSI
• Retail & E-commerce
• Others

AI Training Dataset Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players in the AI Training Dataset Market

• Google, LLC (Kaggle)
• Appen Limited
• Cogito Tech LLC
• Lionbridge Technologies, Inc.
• Amazon Web Services, Inc.
• Microsoft Corporation
• Scale AI Inc.
• Samasource Inc.
• Alegion
• Deep Vision Data

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.

Alternative Data Market to Reap Excessive Revenues By 2028

 Alternative Data Market Growth & Trends

The global alternative data market size is expected to reach USD 69.36 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 58.5% from 2021 to 2028. The increasing emphasis on gaining alpha from hedge funds is expected to boost the demand for alternative data. The asset managers from hedge funds, mutual funds, private equity funds, pension funds, unit trusts, life insurance companies, and other BFSI entities are highly inclining to use alternative data to derive predictive insights. Moreover, the use of alternative data for risk management processes is expected to drive the market.

Nowadays, data sources are not limited to transactions and email receipts as companies are finding ways to extract data from various emerging sources. These include social media, web traffic, mobile devices, sensors, IoT-based devices, satellites, and e-commerce portals. The data analysts utilize this data in correlation with each other to derive various hidden patterns and insights. However, the data collected from some of these sources conflict with privacy regulations such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR). Thus, the data aggregators and end-users need regulatory compliance, which ensures their datasets are free from Personal Identifiable Information (PII).

North America dominated the market in 2020 with a share of more than 68.0% and is estimated to continue dominating the market from 2021 to 2028. The emerging presence of numerous alternative data providers in the U.S is the major driving factor. Companies such as Advan, Eagle Alpha, M Science, and YipitData are providing various types of alternative data, including credit and debit card transactions, email receipts, geo-location (foot traffic) records, mobile usage, satellite, weather data, social and sentiment data, and web scraped data. The acquisitions and partnership initiatives from companies, such as Nasdaq and S&P Global Platts, are further expected to fuel the regional market growth. Asia Pacific is expected to emerge as one of the fastest-growing regional markets over the forecast period. This is due to the rising use cases of alternative data in the BFSI, retail, automotive, and telecommunication industries. The use of alternative data for investments and risk assessment, particularly from companies in emerging economies, such as India and China, is expected to boost the regional market growth.

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Alternative Data Market Report Highlights

• Amidst the coronavirus pandemic, the companies are using alternative data collected from social media, mobile phones, applications, wearables, and other IoT-based devices to assess changes in consumer behavior patterns related to purchases and interests
• By data type, the credit and debit card transactions segment is anticipated to exhibit the highest CAGR from 2021 to 2028 owing to the high accuracy of the data type and significant demand from asset managers
• Based on end user, hedge fund operators held the largest revenue share in 2020 on account of the rising demand for alt data from the investors and firms to identify lucrative investment opportunities and generate alpha
• The BFSI industry segment is held the largest share in 2020 as the entities such as hedge funds, mutual funds, and insurance companies are the early adopters of alternative data
• North America dominated the global market and accounted for over 68.0% share of the global revenue in 2020. The region is expected to maintain its lead from 2021 to 2028
• Emerging economies, such as India, Thailand, Singapore, and China, are expected to drive the Asia Pacific market owing to the rising use cases of alternative data for predictive risk assessment

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Alternative Data Market Segmentation

Grand View Research has segmented the global alternative data market based on data type, industry, end user, and region:

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

• Credit & Debit Card Transactions
• Email Receipts
• Geo-location (Foot Traffic) Records
• Mobile Application Usage
• Satellite & Weather Data
• Social & Sentiment Data
• Web Scraped Data
• Web Traffic
• Other Data Types

Alternative Data Industry Outlook (Revenue, USD Million, 2017 - 2028)

• Automotive
• BFSI
• Energy
• Industrial
• IT & Telecommunications
• Media & Entertainment
• Real Estate & Construction
• Retail
• Transportation & Logistics
• Other Industries

Alternative Data End-user Outlook (Revenue, USD Million, 2017 - 2028)

• Hedge Fund Operators
• Investment Institutions
• Retail Companies
• Other End Users

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

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

List of Key Players of Alternative Data Market

• 1010Data
• Advan
• Dataminr
• Earnest Research
• M Science
• Preqin
• RavenPack
• Thinknum Alternative Data
• UBS Evidence Lab
• YipitData

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.

Loyalty Management Market Top Players ,Analysis And Forecast Till 2028: Grand View Research Inc.

 Loyalty Management Market Growth & Trends

The global loyalty management market size is anticipated to reach USD 17.65 billion by 2028, registering a CAGR of 12.3% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The loyalty programs enterprises are running aggressively as part of the marketing strategies to encourage customers to stick to the brand and prevent them from switching to another are expected to drive the growth of the market. Loyalty programs envisage rewarding customers in the form of cashback, rewards points, gift cards, and discounts, and others for their purchases. They help enterprises in retaining customers and subsequently play a vital role in strengthening the customer base and augmenting sales.

The growing adoption of advanced solutions that can track consumer behavior and monitor customer scores, and subsequently help in enhancing customer engagement is expected to drive the growth of the market over the forecast period. As the competition among brands intensifies, brands are aggressively pursuing various strategies, including running loyalty programs, as part of the efforts to satisfy customers and prevent them from switching to other brands, thereby contributing to the growth of the market. Continued introduction of various digitalized payment options to enhance consumer experience also bodes well for the growth.

Cloud-based deployment of loyalty management programs is expected to gain traction over the forecast period. Cloud-based deployment helps organizations in better managing their expenses and saving on the costs incurred on having a dedicated IT infrastructure while ensuring agility. The cloud-based deployment also facilitates real-time tracking of customer queries, retention rates, and response rates. Storing customer data on the cloud for further analysis can potentially help organizations in building a comprehensive view of the overall customer base.

The retail and consumer goods segment dominated the market in 2020. Retailers and consumer goods brands often embark upon various efforts to improve brand loyalty and encourage repetitive purchases. Rewarding customers with loyalty rewards in the form of gifts, discounts, certificates, and reward points, particularly helps in enhancing customer relationships. Hence, retailers and consumer goods brands are aggressively adopting loyalty management software.

Retaining the existing customers while simultaneously acquiring new customers is of paramount importance for incumbents of various industries and industry verticals. Telecom operators particularly put a strong emphasis on building trust and affinity with their subscribers by enhancing value-based services. Incumbents of the IT and telecommunications industry particularly opt for loyalty management solutions to retain their customers. North America accounted for the largest share of the market in 2020. North America is home to developed economies, such as the U.S. and Canada, which are known for aggressive adoption of the latest and advanced technologies, such as Artificial Intelligence (AI), cloud computing, and data analytics. A strong and well-developed IT infrastructure deployed in the region also bodes well for aggressive adoption of advanced loyalty management solutions. Customers in North America typically favor free shipping, cashback, and discounts as loyalty rewards. People are widely using credit and debit cards in the stores highly adopted loyalty programs in this region. The customers favor monetary offerings such as free shipping, cashback, discounts in this region. Asia Pacific is expected to register the highest CAGR over the forecast period as retailers in the region are focusing aggressively on enhancing customer experience. China is particularly dominating the regional market.

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Loyalty Management Market Report Highlights

• The software segment dominated the market in 2020 in the overall market with a share of 50% 
• The cloud-based segment is expected to grow significantly over the forecast period as cloud-based deployment offers various benefits, such as cost-saving and agility 
• The large enterprise segment dominated the market in 2020 as large enterprises belonging to various industries and industry verticals emphasized launching loyalty programs as part of the efforts to retain customers
• The growth of the Asia Pacific regional market can be attributed to the rapid economic development of emerging economies, such as India and China 

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Loyalty Management Market Segmentation

Grand View Research has segmented the global loyalty management market based on component, software, deployment, organization, vertical, and region:

Loyalty Management Component Outlook (Revenue, USD Million, 2018 - 2028)

• Software
• Service

Loyalty Management Software Outlook (Revenue, USD Million, 2018 - 2028)

• Channel Loyalty
• Customer Loyalty
• Customer Retention

Loyalty Management Deployment Outlook (Revenue, USD Million, 2018 - 2028)

• On-Premise
• Cloud

Loyalty Management Organization Type Outlook (Revenue, USD Million, 2018 - 2028)

• Small and Medium Enterprise
• Large Enterprise

Loyalty Management Vertical Outlook (Revenue, USD Million, 2018 - 2028)

• Transportation
• IT & Telecommunication
• BFSI
• Media & Entertainment
• Retail & Consumer Goods
• Hospitality
• Others

Loyalty Management Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of  Loyalty Management Market

• AIMIA
• BREIRLEY+PARTNERS
• Comarch
• Fivestars
• ICF Next
• Lacek Group
• Oracle Corporation
• SAP SE

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.

The Future of Fire Detection and Alarms

 

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The demand for advanced fire safety systems in fire-prone industrial settings, such as automotive, power & utility, mining, petrochemical, and oil & gas exploration, will drive the market growth over the next seven years. Fire safety amidst the newly minted work-from-home model in light of the COVID-19 pandemic has gained prominence. With businesses slowly reopening in some parts of the world, building managers or facility owners are securing and maintaining fire protection systems. The reassessment of fire safety requirements will create growth opportunities for market players over the coming years.

3D Printing: The Future of Construction

 

Know More- https://www.grandviewresearch.com/industry-analysis/3d-printing-constructions-market

The increasing use of 3D printing in the construction industry is driving the market growth. 3D printing is being widely used for constructing complex building structures using modeling software programs. The implementation of 3D printing technology offers high accuracy, improved efficiency, reduced labor cost, and greater speed of construction. The growing adoption of 3D printers for prototyping and designing in the construction sector, coupled with accuracy achieved in the end product and reduced manufacturing expenditure, is driving the market growth.

Flow Diverters Market to Exhibit Impressive Growth During 2021 – 2028: Grand View Research Inc.

 Flow Diverters Market Growth & Trends

The global flow diverters market size is anticipated to reach USD 874.10 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.9% from 2021 to 2028. Increasing research activities pertaining to the treatment of brain aneurysm and the rising prevalence of cerebral aneurysm are driving the market.

An increasing number of patients suffering from hypertension significantly increases the risk of a brain aneurysm. This is expected to drive market growth in the coming years. Hypertension or trauma to blood vessels is the major cause of brain aneurysm. As per the WHO facts 2019, around 1.1 billion people worldwide are suffering from hypertension.

In addition, several initiatives launched by the government of various countries to improve public awareness and treatment related to cerebral aneurysm are driving the market. For instance, the Brain Aneurysm Foundation of Canada works toward educating and spreading awareness about brain aneurysms. This program includes early access to monthly educational webinars and social media campaigns for highlighting the prevalence of brain aneurysms.

Moreover, companies are developing and launching technologically advanced products for attracting more customers in the market. For instance, in January 2020, MicroVention, Inc., (part of Terumo Corporation) received the U.S. FDA Premarket Approval for its FRED to treat intracranial aneurysms. It utilizes self-expanding, woven nitinol mesh to re-direct blood flow and promote aneurysm occlusion.

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Flow Diverters Market Report Highlights

• On the basis of diameter size, the >5 mm flow diverters segment dominated the overall market with a share of 65.8% in 2019 owing to their increasing demand and application in treating giant and wide intracranial aneurysms (>10 mm vessel diameter)
• North America dominated the market with the highest revenue share of 46.5% in 2019 owing to the high prevalence rate of brain aneurysms and the presence of key market players in this region
• In Asia Pacific, the market is expected to witness the highest CAGR of 14.4% from 2020 to 2027 owing to the presence of a huge target population and increasing healthcare spending in the region

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

Flow Diverters Market Segmentation

Grand View Research has segmented the global flow diverters market on the basis of diameter size and region:

Flow Diverters Diameter Size Outlook (Revenue, USD Million, 2016 - 2028)

• 2-3 mm Flow Diverters
• 3-4 mm Flow Diverters
• 4-5 mm Flow Diverters
• >5 mm Flow Diverters

Flow Diverters Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Flow Diverters Market

• Medtronic
• Stryker Corporation
• MicroVention, Inc. (Terumo Corporation)
• BALT Extrusion SA
• MicroPort Scientific Corporation
• Penumbra Inc.
• Phenox GmbH
• Acandis

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.

Large Molecule Bioanalytical Testing Services Market Size is Expected To Reach USD 3.0 Billion by 2028

 Large Molecule Bioanalytical Testing Services Market Growth & Trends

The global large molecule bioanalytical testing services market size is expected to reach USD 3.0 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 9.5% from 2021 to 2028. The major factor attributing to market growth is the increased application of bioanalytical testing in clinical trials of biomarkers, large molecules, and others.

Rising prevalence of HIV, infectious disease, and others has led to increasing demand for bioanalytical testing services globally. Moreover, increasing government initiatives to control the outbreak of various infectious diseases such as Corona and Ebola virus is anticipated to offer more opportunities for the market. Hence, the market is expected to grow over the assessment period.

The market is expected to witness lucrative growth during the forecast period due to increased research activities and the presence of a huge pipeline of peptides, biologics, and amino acids based molecules. Additionally, bioanalysis of large molecules requires skilled professionals with innovative analytical instruments and infrastructure. These services are readily offered by bioanalytical testing service providers and are likely to propel the growth of the market during the assessment period.

North America accounted for the highest share in 2019. The U.S. holds the highest market share due to the increasing prevalence of various chronic diseases and the growing adoption of large molecule therapeutics as an alternative for small molecules.

For example, according to International Diabetes Federation Report 2019, around 49.0 million geriatric population in the U.S. has diabetes and this has led to increasing requests for bioanalysis of the novel (large molecule compounds) peptide therapeutics such as glucagon-like peptide 1(GLP-1). Due to this reason, the market is expected to show growth over the forecast period. In addition, the presence of major players in the region contributed to market growth.

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Large Molecule Bioanalytical Testing Services Market Report Highlights

• By type, the clinical segment held the largest market share in 2019 owing to increasing demand for clinical trials due to the rising prevalence of various infectious diseases
• Bioavailability held the largest market share of 20.9% in 2019 owing to increasing adoption in generic drug manufacturing
• The oncology segment held the largest revenue share due to the increasing prevalence of cancer globally
• The U.S. is expected to witness the fastest growth over the forecast period owing to the growing adoption of advanced therapeutic techniques in the country.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-large-molecule-bioanalytical-testing-service-market

Large Molecule Bioanalytical Testing Services Market Segmentation

Grand View Research has segmented the global large molecule bioanalytical testing services market based on phase, type, test type, therapeutic area, end-user, and region:

Large Molecule Bioanalytical Testing Services Phase Outlook (Revenue, USD Million, 2016 - 2028)

• Preclinical
  • With Antibody
  • Without Antibody (ELISA Based Assay)
• Clinical

Large Molecule Bioanalytical Testing Services Type Outlook (Revenue, USD Million, 2016 - 2028)

• Pharmacokinetics
• ADA
• Others

Large Molecule Bioanalytical Testing Services Test Type Outlook (Revenue, USD Million, 2016 - 2028)

• ADME
• PK
• PD
• Bioavailability
• Bioequivalence
• Other Tests

Large Molecule Bioanalytical Testing Services Therapeutic Area Outlook (Revenue, USD Million, 2016 - 2028)

• Oncology
• Infectious Diseases
• Cardiology
• Neurology
• Others

Large Molecule Bioanalytical Testing Services End-user Outlook (Revenue, USD Million, 2016 - 2028)

• SMEs
  • CROs & CMOs
  • Sponsor Organizations
  • Others (Academic Institutes, etc.)
• Large Firms
  • CROs & CMOs
  • Sponsor Organizations
  • Others (Academic Institutes, etc.)

Large Molecule Bioanalytical Testing Services Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Large Molecule Bioanalytical Testing Services Market

• Covance, Inc.
• IQVIA
• Syneos Health
• SGS SA
• Toxikon
• Intertek Group plc
• Pace Analytical Services LLC
• PPD, INC.
• ICON plc
• Charles River Laboratories International

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.