Buy Now Pay Later Market Size Is Expected To Reach USD 20.40 Billion by 2028

 Buy Now Pay Later Market Growth & Trends

The global buy now pay later market size is expected to reach USD 20.40 billion by 2028, registering a CAGR of 22.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market growth can be attributed to the large number of benefits offered by Buy Now Pay Later (BNPL) platforms, such as convenient and interest-free payments. These platforms are becoming increasingly popular as the preferred payment option when shopping online.

BNPL is short-term financing that allows customers to make purchases and pay for them at a future date. Moreover, buy now pay later plans don't charge interest on payments and are often easier to get approved compared to lines of credit or traditional credit cards. Various factors, such as the easy registration process on BNPL platforms and instantaneous approval for bills, are expected to contribute to the market growth over the forecast period.

Shoppers prefer buying products that allow customers to make payments in installments without charging any interest. As a result, merchants can increase their conversion rates with BNPL services. These services also offer other benefits to merchants, such as full and upfront payments, higher average transaction value, larger customer base, and repeat purchases, among others. These factors are expected to create growth opportunities for the market over the forecast period.

The COVID-19 pandemic is expected to have a positive impact on the market. BNPL is considered a convenient payment method for smaller purchases when shopping online. The increasing popularity of BNPL platforms during the COVID-19 pandemic, coupled with the growth of the e-commerce industry, is expected to create growth opportunities for the market over the forecast period.

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Buy Now Pay Later Market Report Highlights

• In terms of channel, the online segment is anticipated to register the highest growth over the forecast period. Numerous e-commerce companies are partnering with BNPL platforms. As a result, customers are shifting their preference toward online payment channels
• Small and medium enterprises are widely adopting the buy now pay later services to maximize their tax deductions. These services help enterprises in managing their expenses with flexible repayment options and transparent fees
• In terms of end use, the fashion and garment segment is expected to register the highest growth over the forecast period. Millennials are widely adopting BNPL services for paying for clothing in installments
• The presence of a large number of buy now pay later service providers in the North American region is expected to create growth opportunities for the regional market growth over the forecast period.

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Buy Now Pay Later Market Segmentation

Grand View Research has segmented the global buy now pay later market based on channel, enterprise size, end use, and region:

Buy Now Pay Later Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Online
• POS

Buy Now Pay Later Enterprise Size Outlook (Revenue, USD Million, 2017 - 2028)

• Large Enterprises
• Small & Medium Enterprises

Buy Now Pay Later End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Consumer Electronics
• Fashion & Garment
• Healthcare
• Leisure & Entertainment
• Retail
• Others

Buy Now Pay Later Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Buy Now Pay Later Market

• Afterpay
• PayPal Holdings, Inc.
• Affirm, Inc.
• Klarna Inc.
• Splitit
• Sezzle
• Perpay Inc.
• Openpay
• Quadpay, Inc.
• LatitudePay

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.

Bottled Water Market Worth $505.19 Billion By 2028

 

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Portability, easy usage and installation process, and minimal maintenance costs are the key factors to drive the market over the next few years. Furthermore, rising consumer consciousness towards the health benefits of consuming bottled water is projected to drive market growth over the forecast period. Inclination towards bottled water rather than ordinary water, particularly among younger consumers, drives product sales. Observing this trend, several restaurants are providing bottled water to meet consumer demand. Water seems to have hit a sweet spot with health-conscious buyers. The rapid expansion of restaurants in the U.S. is also foreseen to create a significant demand for bottled water in the upcoming years.

Smart Glass Everything You Want To Know...And More

 

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The emergence of energy-conservation initiatives, such as green buildings and eco-friendly structures, globally is expected to offer promising growth prospects to the market. Administrative support through financial benefits and tax initiatives globally is also stimulating the growth of the market. For instance, the European banks have a new mortgage scheme for green homes, encouraging end-users to adopt energy-saving products, such as smart glass. 

Global Automotive Emission Test Equipment Market to Register Stable Expansion During 2021 – 2028: Grand View Research Inc.

 Automotive Emission Test Equipment Market Growth & Trends

The global automotive emission test equipment market size is expected to reach USD 971.9 million by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 5.09% from 2021 to 2028. The demand for automotive emission test systems is estimated to increase owing to stringent regulations associated with vehicle exhaust emissions and soaring need for regular periodic technical inspections (PTI) that are aimed at regulating gaseous emissions from exhaust vehicles. Rising concerns to limit adverse environmental effects caused by passenger and light-duty vehicles are also expected to drive the automotive emission test equipment market over the forecast period.

The emission test equipment segment held the largest share in the automotive emission test system market in 2018. It is likely to maintain its dominance in through 2025, on account of surging demand for testing equipment worldwide, especially from automobile manufacturers. Furthermore, the emission test services segment in the automotive emission test system market is a developed business sector across the U.S. and EU member nations. The growth of the segment can be attributed to increasing demand for service centers owing to emission targets mentioned by governments of EU countries.

Asia Pacific is poised to register the highest CAGR over the forecast period. The growth of the region can be attributed to surging adoption of emission norms and growing emphasis on ensuring that automobile manufacturers comply with the same, especially in developing countries such as China and India. These countries are focusing extensively on regulating, monitoring, and reducing greenhouse gas (GHG) emissions in order to cut down adverse effects on environment due to excessive GHG emissions by vehicle exhaust systems.

The adoption rate of periodic technical inspections, vehicle emission norms & standards, and inspection & maintenance programs is high in Europe and North America. European countries such as the U.K., Germany, France, Italy, Spain, the Netherlands, and Finland are already following vehicle emission stringent rules & regulations and have laid down strict standards & norms so as to regulate GHG emissions and other hazardous effects of pollutants emitted by vehicle exhaust systems. Therefore, Europe spearheaded the global vehicle emission test system market in 2018 owing to presence of several testing equipment manufacturers and emission testing service providers.

Key market participants in the global automotive emission test equipment market include HORIBA, Ltd., Opus Inspection, TÜV Nord Group, Gemco Equipment Ltd, and TEXA S.p.A.

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Automotive Emission Test Equipment Market Report Highlights

• The emission test software segment is anticipated to register considerable growth over the forecast period. The software is used to analyze and measure data conducted through various test & inspection system
• The demand for opacity meters/smoke meters is estimated to increase over the coming years, as these devices are used to measure optical properties of smoke emitted by diesel engines
• Europe was the highest revenue-generating regional market in 2018 owing to domicile of a large number of emission testing equipment manufacturers, software developers, and related service providers
• Some of the key participants in the vehicle emission test system market are SGS SA, Sierra Instruments, Inc., Gordon-Darby, Inc., Wager Company, and Applus+.

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Automotive Emission Test Equipment Market Segmentation

Grand View Research has segmented the global automotive emission test equipment market based on solution, emission equipment, and region:

Automotive Emission Test Equipment Solution Outlook (Revenue, USD Million, 2017 - 2028)

• Emission Test Equipment
• Emission Test Software
• Emission Test Services

Automotive Emission Test Equipment Emission Equipment Outlook (Revenue, USD Million, 2017 - 2028)

• Opacity Meters/Smoke Meters
• Other Vehicle Emission Test Equipment/Components

Automotive Emission Test Equipment Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
• Rest of the World

List of Key Players of Automotive Emission Test Equipment Market

• Opus Inspection
• Gemco Equipment Ltd
• TÜV Nord Group
• CAPELEC
• HORIBA, Ltd.
• Applus+
• SGS SA
• AVL LIST GmbH
• TEXA S.p.A.

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.

Laser Marking Machine Market To Hold a High Potential for Growth by 2028: Grand View Research Inc.

 Laser Marking Machine Market Growth & Trends

The global laser marking machine market size is estimated to reach USD 5.03 billion by 2028, expanding at a CAGR of 8.0% over the forecast period, according to a study conducted by Grand View Research, Inc. Rising adoption of advanced marking technologies across industries such as machine tools and aerospace and the growing demand for precision marking on manufactured products to improve product’s traceability are some of the factors driving the market growth. Wide-scale applications in the marking of machine tools and equipment especially in the automotive and semiconductor and electronics industries are anticipated to fuel the market demand from 2020 to 2027.

Governments are implementing regulations for permanent marking on products for identification and traceability purposes across defense as well as healthcare industry. For instance, the U.S. Department of Defense has a MIL-STD-130 standard, under which, the military property comprising weapons, artillery, and other equipment should be marked for tracking purposes. Similarly, in 2007, the Food and Drug Administration (FDA) added the requirement of Unique Device Identification System to Federal Food, Drug, and Cosmetic Act (FD&C Act) by section 226 of the Food and Drug Administration Amendments Act of 2007 (FDAAA). Such stringent government norms across economies are expected to spur the demand for laser marking machines and systems over the forecast period.

Growing focus on factory automation to enhance productivity, conserve energy, and reduce downtime is anticipated to propel the overall market demand. Moreover, emerging economies such as India are the primary markets where the trend for mass production can be witnessed over the next couple of years. Mass production can be carried out with the help of automation technologies and quick rollout assembly lines, hence attributing to the demand for automated laser marking machines. For instance, the demand for smartphones in the country has forced the manufacturers to start the local production or assembly of smartphone components.

On the flip side, the safety and health issues related to the use of laser marking technology acts as a restraint for the market. The most prominent safety issues associated with these machines are burns and smoke. Laser burns are often observed on operators working on CO₂ laser engraving and marking machines. Thus, the need for precautionary measures for ensuring safety and health, in turn, increases the operational cost. As a result, factors such as high initial investments, safety and health-related issues, and high operational costs involved in the use of laser marking machines may hamper the market growth of over the forecast period.

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Laser Marking Machine Market Report Highlights

• The fiber type segment dominated the market in 2019 and is projected to continue its dominance over the forecast period, expanding at a CAGR of 9.8% from 2020 to 2027. It is owing to its extensive use on metals, thus finding prominent share in the automotive, aerospace, and machine tools industry
• The machine tools segment dominated the market in 2019 and is anticipated to reach USD 1.3 billion by 2027. Increasing demand for robotics and sensors has augmented the need for tool identification and recognition, thus driving the segment growth
• Asia Pacific region dominated the laser marking machine market with a share of 41.8% in 2019 and is expected to continue its dominance over the forecast period. Growth in the region is primarily driven by the adoption of enhanced manufacturing techniques in the Chinese machine tools industry and the flourishing aerospace & military industry

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Laser Marking Machine Market Segmentation

Grand View Research has segmented the global laser marking machine market on the basis of type, application, and region:

Laser Marking Machine Type Outlook (Revenue, USD Million, 2018 - 2028)

• CO2 Laser
• Fiber Laser
• Green Laser
• UV Laser
• YAG Laser

Laser Marking Machine Application Outlook (Revenue, USD Million, 2018 - 2028)

• Automotive
• Aerospace
• Machine Tool
• Electronics and Microelectronics
• Medical
• Packaging
• Military
• Others

Laser Marking Machine Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of the Laser Marking Machine Market

• Han's Laser Technology Industry Group Co., Ltd
• Telesis Technologies, Inc.
• Videojet Technologies, Inc.
• Trotec Laser GmbH
• Epilog Laser
• TYKMA Electrox, Inc.
• MECCO
• LaserStar Technologies Corporation
• Gravotech Marking
• Sea Force 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.

Podcasting Market Soaring Demand Assures Motivated Revenue Share By 2028

 Podcasting Market Growth & Trends

The global podcasting market size is estimated to reach USD 94.88 billion by 2028, expanding at an estimated CAGR of 31.1% from 2021 to 2028, according to a new report by Grand View Research, Inc. Podcasting is an episodic series of digital media, often audio, that can be listened to or watched over the internet or downloaded on a device. The increasing popularity of audio-on-demand platforms is the primary factor driving the market growth. Other factors contributing to the market growth include minimal entry barriers for creators and easy accessibility for users, as they can listen to podcasts while performing tasks such as cleaning, walking, gardening, traveling, or exercising.

The recent evolution of podcasting content, wherein various creators are discussing undebated global scenarios, is bringing about numerous growth opportunities for the market growth. The subscriber base of podcasts pertaining to racism, patriarchy, and political disputes, among others, is significantly growing, thereby encouraging companies and creators to come up with more content that taps diverse audiences. For instance, in February 2020, iHeartMedia Inc. launched a podcast network for the Latino community with an aim to create more Latinx-targeted content. The company also signed a co-production and distribution partnership with ReVolver, a podcast audio network channel, for the development and promotion of high-quality creative podcasts pertaining to the Hispanic community. Meanwhile, challenges such as limited mobile phone storage and low internet connectivity are likely to hinder the market growth over the forecast period.

The COVID-19 pandemic has unfolded new opportunities for the podcasting platform, where many creators are offering content with the sole purpose of educating the global population on the hidden long-term effects of the coronavirus. National public health organizations and private healthcare entities are also releasing podcasts to spread awareness among the masses about the prevention of the virus. For instance, the American Hospital Association (AHA) has released a podcast to talk about community health improvement during and after the COVID-19 pandemic.

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Podcasting Market Report Highlights

• Based on genre, the news and politics segment dominated with a revenue share of around 30.0% of the overall market in 2020. The increasing need for receiving updated information on the ongoing COVID-19 pandemic has resulted in the segmental growth
• Based on format, the solo segment is estimated to account for a reasonable share, expanding at a CAGR of over 30.0% from 2021 to 2028. Market entry is the easiest with this format as the host requires only basic equipment and related software to record podcasts
• Latin America is projected to record the fastest growth, registering a CAGR of around 35.0% from 2021 to 2028. This can be attributed to the increasing popularity of digital devices coupled with the accessibility of podcasting content offered in Spanish

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Podcasting Market Segmentation

Grand View Research has segmented the global podcasting market based on genre, format, and region:

Podcasting Genre Outlook (Revenue, USD Billion, 2018 - 2028)

• News & Politics
• Society & Culture
• Comedy
• Sports
• Others

Podcasting Format Outlook (Revenue, USD Billion, 2018 - 2028)

• Interviews
• Panels
• Solo
• Repurposed Content
• Conversational

Podcasting Regional Outlook (Revenue, USD Billion, 2018 - 2028)

• North America
  • US
  • Canada
• Europe
  • UK.
  • Nordic Countries
• Asia Pacific
  • China
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players of the Podcasting Market

• com, Inc.
• Apple, Inc.
• iHeartMedia Inc.
• Megaphone LLC
• Pandora Media, LLC
• Audacy, Inc.
• Soundcloud Limited
• Spotify AB
• Stitcher
• TuneIn, 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.

Online Tutoring Services Market Booming Trends and Forecast Assessment for the Period 2021 to 2028

 Online Tutoring Services Market Growth & Trends

The global online tutoring services market size is expected to reach USD 18.18 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 15.6% from 2021 to 2028. Online tutoring refers to the process of tutoring in an online, networked, or virtual environment where learners and tutors are present virtually. It has gained popularity with the ever-increasing use of internet services worldwide. Increased internet data transfer speed has enabled tutors and learners to engage online simultaneously. Furthermore, the rapid adoption of smartphones is one of the significant factors driving the adoption of online teaching services worldwide as it enables learning to take place regardless of the geographic location. For instance, Varsity Tutors, a U.S.-based education company, offers a mobile application for live tutoring and instructions. It provides an expert’s assistance from anywhere and lets learners manage their tutoring sessions.

Schools, universities, and other learning institutes have been encouraged to follow distance education and work remotely with their students amid the COVID-19 pandemic. The adoption of distance learning owing to the outbreak of the pandemic has impacted the industry’s growth favorably. For instance, in March 2020, Varsity Tutors released a free product called Virtual School Day for students and parents. It offers over 20 hours of live online classes across various subjects for students up to the 12^th grade. It also has special sessions for each age group. Thus, online tutoring service providers have positively leveraged the pandemic situation as educational institutes have been closed in many states and countries.  

The market has benefitted from the onset of analytical applications to customize tutoring services. For instance, content designers leverage analytical tools to develop content tailored to the requirements of learners. Such content development is fulfilled based on individual students’ interests, performances, and subject understanding. For instance, Kaplan, Inc., an American for-profit educational services corporation, provides online customization tools for learners enrolled in test preparation courses. This trend of growing customization in tutoring services is anticipated to trigger market growth owing to the formative assessment features of these services.

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Online Tutoring Services Market Report Highlights

• The increasing adoption of mobile phones and tablets by students and parents has led to the impulsive growth of mobile learning methods
• The increasing deployment of personalized tutoring and live sessions can be attributed to benefits such as better tutor-student engagement
• Online tutoring service providers have leveraged the outbreak of the COVID-19 pandemic as an opportunity to introduce an ideal learning method amid the crisis
• Remote access and a convenient medium of learning are the key advantages encouraging students to adopt online tutoring services. Furthermore, the inclusion of the feedback feature in mobile educational apps has enabled students to receive personalized support from the service providers

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Online Tutoring Services Market Segmentation

Grand View Research has segmented the global online tutoring services market based on tutoring type, course type, duration, and region:

Online Tutoring Services Tutoring Type Outlook (Revenue, USD Million, 2018 - 2028)

• Structured Tutoring
• On-Demand Tutoring

Online Tutoring Services Course Type Outlook (Revenue, USD Million, 2018 - 2028)

• Language Courses
• Science, Technology, Engineering, and Mathematics (STEM) Courses
• Others

Online Tutoring Services Duration Outlook (Revenue, USD Million, 2018 - 2028)

• Short-Term Courses
• Long-Term Courses

Online Tutoring Services Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of the Online Tutoring Services Market

• Ambow Education
• ArborBridge
• Beijing Magic Ears Technology Co., Ltd
• BYJU'S
• Chegg Inc.
• Club Z! Inc.
• iTutorGroup
• Qkids Teacher
• Varsity Tutors
• com

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.

Zirconia Based Dental Materials Market Insights Business Opportunities, Current Trends And Forecast 2028: Grand View Research Inc.

 Zirconia Based Dental Materials Market Growth & Trends

The global zirconia based dental materials market size is expected to reach USD 364.3 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.8% from 2021 to 2028. The market growth is due to the characteristics such as high mechanical and biocompatibility of zirconia material, rapid rise in the geriatric population, and increased outsourcing to dental laboratories for customized prosthetic solutions.

Zirconia, commonly known as zirconium dioxide, is a white crystalline oxide of zirconium. It is a ceramic oxide that may be produced in a variety of hues. Zirconium dioxide is recommended as a dental material because it is chemically inert. Zirconia dental goods have numerous advantages, including natural and white color, excellent fracture toughness, hardness, and wear resistance. zirconium dioxide is used in dental crowns.

Zirconium dioxide is five times more powerful than porcelain and more durable. As a result, it is a better alternative for patients who have difficulties such as crushing their teeth, biting their nails, and chewing their gums excessively, contributing to market growth. Zirconia has been used in prosthetic dentistry to make crowns and fixed partial dentures using computer-aided design/Computer-aided Manufacturing (CAD/CAM) methods.

The introduction of new technology systems, as well as novel materials such as zirconium dioxide, into the educational curriculum created new difficulties. Thus, the rapid appearance of a large number of materials causes a shortage of professional employees with sufficient training, resulting in a rise in working time while expenses remain high. Zirconia, in various forms, has been used to replace metal-ceramic restorations since its discovery as a dental material. It is apparent that the use of ceramic-zirconia restorations over metal-ceramic restorations is more appropriate owing to biocompatibility and the look is as near to real teeth as feasible.

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Zirconia Based Dental Materials Market Report Highlights

• The zirconia dental disc segment held the largest revenue share of 62.0% in 2020. Zirconium dioxide material is five times stronger than porcelain and is highly durable. When a patient is allergic to metals, zirconia frameworks are a great option
• The dental crowns segment dominated the market and accounted for the largest revenue share in 2020
• North America dominated the market and accounted for the largest revenue share of 38.0% in 2020. The major drivers of the growth are technological advancement and increase in the number of individuals opting for dental procedures
• In Asia Pacific, the market is expected to witness substantial growth over the forecast period due to the expanding elderly population, rising dental tourism, increased number of dental laboratories, and growing outsourcing of many manufacturing services in the area

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Zirconia Based Dental Materials Market Segmentation

Grand View Research has segmented the global zirconia based dental materials market based on product, application, and region:

Zirconia Based Dental Materials Product Outlook (Revenue, USD Million, 2016 - 2028)

• Zirconia Dental Disc
• Zirconia Dental Block

Zirconia Based Dental Materials Application Outlook (Revenue, USD Million, 2016 - 2028)

• Dental crowns
• Dental bridges
• Dentures

Zirconia Based Dental Materials Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Zirconia Based Dental Materials Market

• 3M ESPE
• GC America
• SAGEMAX
• Huge Dental
• Zirkonzahn
• Pritidenta
• KURARAY NORITAKE DENTAL INC.
• Glidewell Laboratories
• Aurident
• Dentsply Sirona

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.

Eyewear Market Size Worth $278.95 Billion By 2028

 

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The rising popularity of fast fashion among millennials is encouraging eyewear manufacturers to design affordable and attractive eyewear. To quickly respond to fast fashion trends and attract fashion enthusiasts, eyewear designers regularly come up with new designs and patterns. This offers new revenue generation opportunities to companies by acquiring new customers and ensuring continuous business relations with existing customers. Eyewear providers are diversifying their service offerings to enhance the customer buying experience and to build better business relations.

Reasons To Say “NO” To Tobacco

 

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It has been observed that the number of smokers has been rising at the global level. This trend is further propelled by the launch of new products, including various flavored tobacco products such as clove cigarettes and menthol cigars. These factors together are expected to drive the market over the next few years. Moreover, over the past few years, with consumers gradually inclining toward smoking alternatives, the introduction of innovative tobacco products in varied taste options has become imperative. As a result, manufacturers have focused on premium tobacco products produced with flue-cured tobacco and fine whole leaf.

Livestock Monitoring Market Major Key Players And Latest Trend Analysis Till 2028: Grand View Research Inc.

 Livestock Monitoring Market Growth & Trends

The global livestock monitoring market size is expected to reach USD 13.50 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 16.56% from 2021 to 2028. An increase in the population of livestock animals, coupled with the farmer’s focus on increasing yield and productivity, is the key contributor to the market growth.

The key advantages of livestock monitoring such as milk harvesting, feeding management, animal health monitoring, and behavior monitoring are anticipated to drive the market. Furthermore, there is an increase in the adoption of internet of things (IoT) and artificial intelligence (AI) by livestock farmers. This is due to an increase in internet penetration and widespread technological advancement.

There is an increased demand for animal products and thus several countries are focusing on livestock rearing. This has led to an increase in the livestock population. In addition, a prevalence of zoonotic diseases is fueling the growth of the market. This is because these disease outbreaks in the livestock can be major socioeconomic threats, resulting in production loss and disruption of local markets, rural economy, and international trade. Factors like these are expected to encourage the adoption of livestock monitoring systems among livestock owners.

The COVID-19 pandemic has triggered an unexpected crisis in the general agricultural processing industries and the processing of dairy products. The onset of the pandemic has caused tremendous economic losses to the beef, pork, poultry, and dairy industries worldwide. As the COVID-19 virus spread across the globe, several industries evaluated its impact on their businesses. Given the increased demand for goods as consumers stocked up for possible quarantines or restricted their visits to the grocery stores, companies faced challenges to cope with the increasing demand and protect the supply chain. However, with the improving situations, the market is expected to witness growth in the coming years.

Industry players are involved in strategies including mergers & acquisitions, collaborative agreements, and geographic expansion to gain an edge over the competition. For instance, in February 2021, Fancom announced an enhanced version of the light control for Lumina 38H and 36/38 poultry computers. In another instance, in February 2021, MSD Animal Health announced the acquisition of PrognostiX Poultry Limited, a provider of health and environmental monitoring solutions for the poultry business, which expanded its product portfolio.

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Livestock Monitoring Market Report Highlights

• The cattle animal type segment held the largest share of over 45.0% in 2020 owing to the rising demand for beef and dairy products
• The software component segment is expected to witness the fastest growth over the forecast period. This is because the software has promoted interoperability between different data management systems and ultimately added value for customers
• The feeding management application segment accounted for the largest revenue share of more than 27.0% in 2020. This can be attributed to the high demand for feeding management to monitor the food intake of the animal
• North America dominated the market with a revenue share of over 31.0% in 2020 due to the presence of well-established companies and technologically advanced infrastructure
• Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the presence of the high potential and rapidly growing economies, including India, Japan, and China, in this region

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Livestock Monitoring Market Segmentation

Grand View Research has segmented the global livestock monitoring market on the basis of animal type, component, application, and region:

Livestock Monitoring Animal Type Outlook (Revenue, USD Million, 2016 - 2028)

• Cattle
• Poultry
• Swine
• Equine
• Others

Livestock Monitoring Component Outlook (Revenue, USD Million, 2016 - 2028)

• Hardware
• Software
• Services

Livestock Monitoring Application Outlook (Revenue, USD Million, 2016 - 2028)

• Milk Harvesting
• Breeding Management
• Feeding Management
• Animal Health Monitoring & Comfort
• Heat Stress
• Behavior Monitoring
• Others

Livestock Monitoring Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Livestock Monitoring Market

• DeLaval Inc
• GEA Group Aktiengesellschaft Ottobock
• Afimilk Ltd.
• Sensaphone
• BouMatic
• MSD Animal Health
• Dairymaster
• Fancom BV
• Lely
• Fullwood Packo

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.

Workflow Management System Market Size Is Expected To Reach USD 55.35 Billion by 2028

 Workflow Management System Market Growth & Trends

The global workflow management system market size is expected to reach USD 55.35 billion by 2028, registering a CAGR of 30.6% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. The rising need for modernizing business processes along with the continued adoption of the latest technologies across various industries such as BFSI, healthcare, retail, IT and telecom, and transportation is anticipated to boost the demand for workflow management systems from 2021 to 2028. Workflow automation helps businesses in automating their daily processes and tasks, reducing human errors, and subsequently augmenting the revenues.

Further, the growing demand for enhanced and efficient operational solutions, which is leading to an increase in sophistication of solutions and services, is anticipated to drive the demand for workflow management systems. Furthermore, advantages offered by the systems, such as real-time tracking, less energy consumption, integrated processes, and data center consolidation, are estimated to drive the market growth. Organizations across the globe are focusing on increasing their business operations as they want to cater to the larger market, hence driving the need for workflow management systems.

The growing trend of remote working and collaborative approaches has resulted in an increased demand for solutions such as remote-ready workflow management and COVID-19 assessment tracker. The market players are trying to exploit this opportunity by offering tracking software and remote-ready workflow management systems as a part of their efforts to increase their customer base. For instance, in April 2020, Kissflow, a provider of workflow and business process management software, announced the launch of a COVID-19 self-assessment tracker app. This app enables organizations to check their employees periodically for COVID-19 symptoms. It also sends employees a list of risk assessment questions (suggested by the CDC (U.S.)) that helps determine an individual’s symptoms and identify appropriate medical care. Furthermore, during the same time, the company also announced the launch of the Remote Work Readiness Survey app, which helped organizations understand the feasibility of allowing employees to work remotely.

The rising adoption of automation and process management solutions across North America is expected to drive the growth of the regional market. Aggressive investments in information technology, a strong emphasis on digital transformation, and a growing preference for cloud technology across the region, particularly in Canada and the U.S., are also expected to contribute to the growth of the regional market over the forecast period.

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Workflow Management System Market Report Highlights

• The software segment is anticipated register the fastest growth over the forecast period. This is owing to as companies continue to grow, the nature of their business is transforming and companies handling larger volumes of data and additional functionalities
• The cloud segment is anticipated to be fastest-growing market from 2021 to 2028. The preference for cloud deployment is growing as cloud deployment offers flexibility, real-time software updates, and work-from-anywhere capabilities, among other benefits
• The IT and telecom segment is anticipated to be fastest-growing market from 2021 to 2028. Telecom workflow management systems can potentially make the conventional IT and telecom systems extensible and flexible by assisting in accurately managing, tracking, and reporting all IT and software assets, including mobile and fixed telecom assets. Hence, the IT and telecom segment is anticipated to exhibit substantial growth over the forecast period
• Some of the prominent participants in the industry are International Business Machines Corporation; Newgen Software Technologies Limited; Nintex UK Ltd.; Oracle Corporation; Appian; Pegasystems Inc.; Xerox Corporation; and Software AG

Access Press Release@ https://www.grandviewresearch.com/press-release/global-workflow-management-systems-market

Workflow Management System Market Segmentation

Grand View Research has segmented the global workflow management system market based on component, software, service, deployment, vertical, and region:

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

• Software
• Service

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

• Production Workflow Systems
• Messaging-based Workflow Systems
• Web-based Workflow Systems
• Suite-based Workflow Systems
• Others

Workflow Management System Service Outlook (Revenue, USD Million, 2018 - 2028)

• Consulting
• Integration
• Training & Development

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

• Cloud
• On-Premise

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

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

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

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

List of Key Players of the Workflow Management System Market

• International Business Machines Corporation
• Newgen Software Technologies Limited
• Nintex UK Ltd.
• Oracle Corporation
• Appian
• Pegasystems Inc.
• Xerox Corporation
• Software AG

About Grand View Research

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

Car Rental Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 Car Rental Market Growth & Trends

The global car rental market size is anticipated to reach USD 141.17 billion by 2028, registering a CAGR of 4.6% from 2021 to 2028, according to a new study by Grand View Research, Inc. Considerable growth in the world tourism sector is one of the critical factors propelling the market growth. Additionally, increasing pollution, rising car prices, and the cost-effective nature of car rental services are some of the other key factors boosting the growth of the market.

The market has witnessed significant attention in the last decade due to the increased use of smartphone-based online booking applications. Bookings/reservations through rental stations have witnessed a decline in recent years since online booking allows users to plan and book vehicles quickly and in advance. Also, the internet offers a convenient way to browse through various websites of car rental providers and get access to numerous options and offers.

Car rental operators in developed countries, such as the U.S., are increasingly implementing advanced technology solutions to streamline their processes. Some of the key market players are using smartphone applications to promote discounts and offer information such as real-time car tracking as well as the availability of the vehicle. Industry participants in the moderately fragmented market compete on the basis of pricing, location, fleet size, and marketing expertise.

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Car Rental Market Report Highlights

• Car rental providers across the globe are focusing on implementing various technologies for training, sales and marketing, and customer support to stand out among competitors and enable better communication with their customers
• Rising environmental concerns and awareness regarding low emission vehicles are shifting consumer preference toward vehicle rental options
• The evolution of ‘Bleisure’ is one of the prominent emerging trends in the travel and tourism sector, which refers to a combination of business and leisure trips. This trend is anticipated to drive the market among business and leisure travelers
• Prominent players are focusing on having their reach across the globe, in an attempt to cater to the customer needs and acquire a higher customer base

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

Car Rental Market Segmentation

Grand View Research has segmented the global car rental market by vehicle type, application, and region:

Car Rental Vehicle Type Outlook (Revenue, USD Million, 2018 - 2028)

• Luxury Cars
• Executive Cars
• Economy Cars
• SUVs
• MUVs

Car Rental Application Outlook (Revenue, USD Million, 2018 - 2028)

• Local Usage
• Airport Transport
• Outstation
• Others

Car Rental Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of the Car Rental Market

• Enterprise Rent-A-Car
• The Hertz Corporation
• Sixt
• Europcar
• Avis Budget 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.