Light Gauge Steel Framing Market Set to Record Exponential Growth by 2028: Grand View Research Inc.

 Light Gauge Steel Framing Market Growth & Trends

The global light gauge steel framing market size is expected to reach USD 48.21 billion by 2028, registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. The development of advanced materials with capabilities that offer safety as well as strong structural support will augment the market growth over the forecast years.

The use of these framing products provides ease of installation along with a reduction in the cumulative project completion period owing to pre-fabricated structures, which is anticipated to drive product demand significantly over the next few years. The need to lower the production costs involved in the construction of buildings is also estimated to be one of the key factors responsible for market growth.

The rising need to reduce the cost is projected to result in the development of refined materials and manufacturing processes, ultimately increasing product adoption across the globe. Over the coming years, the product is estimated to have an increased scope of application in commercial buildings owing to improved strength of framing material, facilitating its use in the construction of buildings with more than three floors.

The Covid-19 pandemic has had a significant impact on the market in 2020. Several manufacturing companies reported a notable drop in their revenues for Q1 and Q2 of the year 2020. However, the market witnessed growth in the latter part of Q3 and the beginning of Q4 of 2020. Key players in the market emphasize more on expanding their market presence through mergers and acquisitions.

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Light Gauge Steel Framing Market Report Highlights

• The skeleton product type segment is expected to witness the fastest CAGR of more than 5% over the forecast period
• The segment growth can be credited to the benefits offered by the skeleton product types, in terms of strength and safety
• Governments across the globe have undertaken several initiatives for infrastructure development boosting the construction of commercial properties, which has subsequently contributed to the growth of the overall market
• The residential end-use segment led the global market accounting for the highest revenue share in 2020 and is expected to grow at a healthy CAGR from 2021 to 2028
• This growth is attributed to the increased product adoption in the residential construction sector on account of the rising need to reduce the overall project completion periods
• Asia Pacific was the dominant regional market in 2020 and will retain its leading position throughout the forecast period owing to the increasing construction activities of new commercial and industrial buildings

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Light Gauge Steel Framing Market Segmentation

Grand View Research has segmented the global light gauge steel framing market on the basis of type, end-use, and region:

Light Gauge Steel Framing Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Skeleton
• Wall Bearing
• Long Span

Light Gauge Steel Framing End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Commercial
• Residential
• Industrial

Light Gauge Steel Framing Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of Light Gauge Steel Framing Market

• Hadley Group
• Clarkwestern Dietrich Building Systems LLC
• Precision Walls Inc.
• QSI Interiors Ltd.
• Metek U.K. Ltd.
• Intelligent Steel Solutions Ltd.
• FRAMECAD 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.

Sports Analytics Market to Expand with Significant CAGR During 2021 – 2028: Grand View Research Inc.

 Sports Analytics Market Growth & Trends

The global sports analytics market size is expected to reach USD 3.44 billion by 2028, registering a CAGR of 21.3% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growing preference for data-driven decision-making among various teams and associations is expected to drive the growth of the market. Sports analytics can potentially help coaches and team managers in obtaining in-depth insights about various parameters and the performance of players and in designing effective training sessions based on those insights. Monitoring of physical parameters can also be coupled with predictive analysis to help in preventing injuries that may happen in the future.

The sports industry generates large volumes of data. However, most of this data is raw data, which is unable to provide any clear insights. Nevertheless, if the data is used effectively, it can potentially provide deeper insights into the performance of individual players as well as the entire team. Analytical tools can help analyze this raw data and provide meaningful insights in real-time using interactive graphical interfaces.

Analytical tools can typically help in analyzing first-hand data, such as win and loss records, players’ line-up, opponents’ history, and players’ various metrics, including speed, distance covered, acceleration, stamina, and energy levels. The insights obtained from the analysis of these parameters can be potentially used to make informed decisions and enhance the performance of individual players as well as the entire team. The insights can also be shared with fans, enthusiasts, and other followers on various platforms, including social media.

Prominent teams and associations have already started implementing sports analytics solutions and hiring dedicated analysts as part of the efforts to enhance the performance of individual players as well as the entire team, gain a competitive advantage both on and off the field, and outperform the opponents. Associations such as the German Football Association, Royal Spanish Football Federation, and National Basketball Association (NBA), among others, have also implemented analytical tools to predict the outcomes of future game events.

Teams are typically adopting analytics solutions to stay at the top of the game in terms of overall performance, players’ fitness, and engagement with fans. For instance, Spanish football/soccer team Real Madrid has partnered with Microsoft Corp. to use state-of-the-art technology in analyzing the team’s performance and players’ fitness. Similarly, English football team Manchester United is relying on Aon plc as a trusted advisor in sports analytics.

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Sports Analytics Market Report Highlights

• The software segment is expected to register a strong CAGR over the forecast period owing to the rising demand for cloud-based sports analytics software that offers ease of accessibility and flexibility
• The on-field segment is expected to exhibit the highest CAGR over the forecast period in line with the growing preference for wearable player tracking devices
• Football is anticipated to exhibit the highest CAGR over the forecast period in line with the aggressive investments by various football clubs and teams are making in adopting the latest technologies
• Asia Pacific is expected to exhibit strong growth with China and Japan particularly contributing to the growth of the regional market

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Sports Analytics Market Segmentation

Grand View Research has segmented the global sports analytics market based on component, analysis type, sports, and region:

Sports Analytics Component Outlook (Revenue, USD Million, 2017 - 2028)

• Software
• Service

Sports Analytics Analysis Type Outlook (Revenue, USD Million, 2017 - 2028)

• On-field
  • Player & Team Analysis
  • Video Analysis
  • Health Assessment
• Off-field
  • Fan Engagement
  • Ticket Pricing

Sports Analytics Sports Outlook (Revenue, USD Million, 2017 - 2028)

• Football
• Cricket
• Baseball
• Basketball
• Rugby
• Others

Sports Analytics Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in the Sports Analytics Market

• Agile Sports Analytics, LLC
• Catapult
• ChyronHego Corporation
• Deltatre
• Experfy Inc.
• Genius Sports Group
• IBM Corporation
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• Sportradar AG
• Stats Perform

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.

Server Market Growth in the Coming Years

 Server Market Growth & Trends

The global server market size is expected to reach USD 145.31 billion by 2028, according to a study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 7.8% from 2021 to 2028. The demand for servers is anticipated to grow considerably over the forecast period owing to the growing focus on the timely update of IT infrastructure worldwide. The rising adoption of data analytics among enterprises to understand consumer trends has resulted in the growing adoption of IT networking equipment. Furthermore, the rollout of 5G networks and technologies such as the Internet of Things (IoT), cloud computing, and virtualization is expected to fuel the demand for high-performance computing servers.

The rising preference for contactless payments and remote working amid the COVID-19 pandemic is expected to drive the need for high-speed data processing and storage capacity across various industry verticals. Advanced technologies have paved the way for connected appliances and autonomous vehicles, which has prompted IT infrastructure companies to opt for the latest, advanced storage solutions, including flash memory and solid-state drives (SSD), for storing crucial business data. Meanwhile, the demanding and changing configurations required by cloud service providers are driving the demand for servers. For instance, in May 2020, Facebook released its third generation Yosemite scalable server, which is equipped with Cooper Lake CPU and six memory modules. Such developments are expected to cause an increase in the average selling prices of servers, which is expected to subsequently benefit the market growth.

Several enterprises are shifting to managed data center services from colocation data centers owing to the cost advantages offered by managed data center services. Managed data centers allow enterprises to adopt virtual servers by renting the networking equipment, connecting devices and peripherals, and cloud space. The cloud server space can be private or shared, which again allows the enterprises to reduce the total cost of ownership.

The market is witnessing increasing competition between OEMs and Original Design manufacturers (ODMs). OEMs are the companies that manufacture servers as well as sell them through resellers and distributors, while ODMs design and manufacture similar servers and directly sell them to the customer. Besides, ODMs cater to the demand for servers customized according to the user configuration. The increasing demand for customized requirements is expected to drive server sales through ODMs.

The market is characterized by intense competition among established market players. Key market players are focused on product innovation and the introduction of new technologies to their server portfolios. For instance, in September 2019, Dell EMC introduced new products in its PowerEdge server portfolio. These new servers are equipped with 2^nd Gen AMD EPYC processors, which help to easily manage the platform and offer superior performance to the user. The new servers are built specifically for modern data centers for multi-cloud approaches.

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Server Market Report Highlights

• By product, the rack segment held the dominant revenue share in 2020 and is expected to maintain its lead over the forecast period. Rack servers can be configured to support specific applications and a wide range of requirements. Additionally, these servers are compact and can be fitted in small closets. These factors are expected to drive the consistent adoption of rack servers
• Based on enterprise size, the large segment dominated the market in 2020. This can be attributed to the large data volumes handled by large enterprises and the high investment capital available with these enterprises for deploying sophisticated IT infrastructure
• On the basis of channel, the direct segment is expected to register the highest revenue-based CAGR of 9.0% over the forecast period. The growth of this segment can be attributed to the customer-specific server designs and the low cost of servers offered by this channel
• In terms of vertical, the IT and telecom segment dominated the market in 2020 and is expected to register the highest revenue-based CAGR over the forecast period. This can be attributed to the increased adoption of high-end IT infrastructure in the sector to handle large data volumes, which require high processing speeds
• Asia Pacific is expected to witness the fastest growth in terms of revenue over the forecast period in line with the rapid development of IT and communication infrastructure and the continued rollout of 5G networks. The market in the region is also expected to benefit from a rise in digitization across several industries and sectors in China, Japan, and India

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Server Market Segmentation

Grand View Research has segmented the global server market on the basis of product, enterprise size, channel, vertical, and region:

Server Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Blade
• Rack
• Tower
• Micro
• Open Compute Project (OCP)

Server Enterprise Size Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Micro
• Small
• Medium
• Large

Server Channel Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Reseller
• Direct
• Systems Integrator
• Others

Server Vertical Outlook (Revenue, USD Billion, 2016 - 2028)

• IT & Telecom
• BFSI
• Government & Defense
• Healthcare
• Energy
• Others

Server Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Server Market

• IBM
• Hewlett Packard Enterprise Development LP
• Dell
• Lenovo
• Fujitsu
• Inspur Technologies Co. Ltd.
• Huawei Technologies 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.

Global Market for Bearings to Reflect Steadfast Expansion During the Forecast Period: Grand View Research Inc.

 

Bearings Market Growth & Trends

The global bearings market size is expected to reach USD 226.8 billion by 2028, registering a CAGR of 8.5% over the forecast period, according to a new report by Grand View Research, Inc. Bearings are essential in almost every application that involves motion, and they help minimize friction between different mechanical components in several industrial machinery and equipment, resulting in reduced energy consumption. Hence, this machine element finds application in all industries, ranging from automobiles, household appliances, and aerospace to industrial machinery, using machinery or related motor-driven linkages.

The market is estimated to witness considerable growth in the forthcoming years, ascribed to the aim to achieve energy efficiency. Energy-saving and bearings go hand-in-hand. The main objective of this element is saving energy by reducing friction, be it during the rotation of shafts of a transmission or the wheel of a vehicle. Additionally, the rising demand for commercial vehicles is expected to catapult the demand from the automotive sector across the world.

Technological advancements including smart bearings, development of advanced materials and lubricants, and integrating sensor units, are anticipated to provide high growth potential to the market. With the objective of enhancing performance, vendors are incorporating sensor units of the product. Sensor units help digital monitoring of rotation speed, axial movement, load-carrying capacity acceleration, and deceleration. These units are presently being used in conveyors forklifts, road rollers, and electric motors. Furthermore, the integration of IoT capabilities facilitates manufacturers to monitor operations constantly.

The market is mature with a dynamic demand closely related to the state of engineering industries and capital goods. Companies are offering integrated products that significantly decrease the number of bearings that go into an assembled product and reduce the overall cost of equipment. This in turn is also increasing the shelf-life and reliability of the product. Product manufacturers are increasingly investing in R&D to address the intensifying competition by providing innovative products.

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Bearings Market Report Highlights

• The development of cost-effective wind energy generating product has resulted in their increased espousal within wind turbine applications that aid in increasing energy production, reduce lubricant consumption, and enhancing turbine performance and reliability
• The roller bearings segment is anticipated to emerge as the largest product segment by 2028 ascribed to their ability to carry heavy loads and shock or impact loading
• The railway and aerospace segment is estimated to witness the fastest CAGR of over 10.0% over the foreseeable years, due to their growing demand in applications such as shock absorbers, gearboxes, doors, and tilting mechanisms to name a few
• Asia Pacific is anticipated to witness the fastest CAGR of over 9.0% by 2028. This can be attributed to the increased demand for fuel-efficient passenger vehicles, industrialization, and infrastructure development in various countries such as China, India, and Japan
• Various leading companies are investing in high-level R&D to come up with innovative solutions. These solutions are focused on being cost-effective as well as on enhancing the overall quality of the end-product

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

Bearings Market Segmentation

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

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

• Ball Bearings
  • Deep Groove Bearings
  • Others
• Roller Bearings
  • Split
  • Tapered
  • Others
• Others

Bearing Application Outlook(Revenue, USD Billion, 2016 - 2028)

• Automotive
• Agriculture
• Electrical
• Mining & Construction
• Railway & Aerospace
• Automotive Aftermarket
• Others

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

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

List of Key Players of Bearings Market

• Brammer PLC
• Harbin Bearing Manufacturing Co., Ltd.
• HKT Bearings Ltd.
• JTEKT Corporation
• NBI Bearings Europe
• NSK Global
• NTN Corporation
• RBC Bearings Inc.
• Rexnord Corporation
• RHP Bearings
• Schaeffler Group
• SKF Corporation
• The Timken Company

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.

Bicycle Market to Penetrate Untapped Regions During 2021 to 2028: Grand View Research Inc.

 Bicycle Market Growth & Trends

The global bicycle market size is anticipated to reach USD 92.49 billion by 2028, registering a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are the factors expected to bolster market growth. Bicycles are being preferred for short-distance commutes as they save considerable time as compared to other vehicles. Moreover, limited parking spaces and growing traffic congestions are prompting people to reconsider bicycles as a primary option for the commute.

Rising emphasis on the use of non-polluting vehicles for short-distance commutes by governments across the world is anticipated to positively influence market growth. The fact that bicycles do not emit any pollutants is projected to drive their demand in near future. Moreover, consumers are rapidly moving toward online distribution channels to buy a bicycle due to several key factors, including doorstep delivery and replacement and availability of a variety of products. Also, due to the outbreak of the COVID-19 pandemic, consumers are mainly focused on avoiding crowded places to prevent themselves from virus infections.

The road bicycle is expected to emerge as the fastest-growing segment over the forecast period. These happen to be the most basic bicycles that consumers prefer owing to their ease of use. These cycles do not require any sophisticated equipment required by mountain and hybrid bicycles. This factor is anticipated to bode well for the growth in demand over the forecast period. Moreover, dockless bicycle-sharing systems are expected to gain attention in the coming years as they enable users to locate and electronically unlock a nearby bicycle for rent. Produced originally in Europe, these systems are gaining acceptance, especially in Asian countries, including India and China.

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Bicycle Market Report Highlights

• The global market is growing significantly as bike-sharing companies, particularly in Europe and Asia, are investing aggressively in expanding their operations
• The mountain bicycle segment is anticipated to expand at a CAGR exceeding 7% over the forecast period. Rising popularity in line with the increasing media coverage for mountain bicycle racing events and the establishment of new mountain biking circuits are expected to drive the growth
• Apart from being easy to use, electric bicycles can potentially shorten the journey time. Moreover, advances in battery technology have resulted in the advent of lighter rechargeable batteries that can support longer journeys. These factors are attributed to the growth of the electric bicycle segment
• The men segment is expected to expand significantly at a CAGR of over 7.2% over the forecast period as men would continue to outnumber women and kids in terms of opting for a bicycle commute. The number of men opting for bicycle commutation was higher than that of women and kids in 2019
• Asia Pacific was the dominant regional market in 2020 with a revenue share exceeding 34%. Governments in Asian nations, particularly Japan, China, and Singapore, among others, are investing aggressively in establishing the infrastructure necessary to encourage and support bicycle commutation
• Leading market incumbents are Accell Group; Dorel Industries Inc.; Giant Bicycles; Merida Industry Co., Ltd.; and Trek Bicycle Corporation. They dominated the market in 2020 leveraging a continuous emphasis on expanding their market share through mergers and acquisitions

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

Bicycle Market Segmentation

Grand View Research has segmented the global bicycle market based on product, technology, end user, distribution channel, and region:

Bicycle Product Outlook (Revenue, USD Million, 2016 - 2028)

• Mountain Bicycle
• Hybrid Bicycle
• Road Bicycle
• Others

Bicycle Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Electric
• Conventional

Bicycle End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Men
• Women
• Kids

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

• Online
• Offline

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

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

List of Key Players of Bicycle Market

• Accell Group
• Atlas Cycles (Haryana) Ltd.
• Avon Cycles Ltd.
• Cervelo
• Dorel Industries Inc.
• Giant Bicycles
• Merida Industry Co., Ltd
• Specialized Bicycle Components, Inc.
• SCOTT Sports SA
• Trek Bicycle Corporation

About Grand View Research

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

Business Process Outsourcing Market Trends, Demand, Production, Analysis and Forecast to 2028: Grand View Research Inc.

 Business Process Outsourcing Market Growth & Trends

The global business process outsourcing market size is projected to reach USD 435.89 billion by 2028, registering a CAGR of 8.5% during the forecast period, according to a study conducted by Grand View Research, Inc. The demand to reduce operational expenditures associated with non-core activities and increasing focus on core competencies across several end-use verticals are factors contributing to the market growth. Moreover, the increased preference of new-age organizations for handling core business functions in-house and outsourcing support functions to third-party vendors for better growth prospects are expected to drive the market.

Digital technologies are creating lucrative opportunities for several business leaders. Long-established operations and business process outsourcing (BPO) models are being renewed through more intelligent workflows using, such as cloud, Artificial Intelligence (AI), automation, and Internet of Things (IoT). To grow and remain relevant, businesses are required to constantly evolve to fully orchestrated and intelligent processes that consider employees, customers, business partners, and suppliers alike.

An increasing number of BPO service providers are making greater use of these technologies to boost the efficiency of their services. Major service providers are also anticipated to use technological innovations to efficiently manage talent shortages, enhance products and services, and address market challenges while keeping operating costs low for their clients. Robotic process automation has emerged as a fast-growing trend in the market, particularly in the management sector, providing high-value creation with fast time-to-market and notable cost savings.

Although the market is projected to grow significantly over the forecast years, companies express concerns about high dependency on external outsourcing service providers; dependency poses a potential security risk related to the confidentiality and integrity of user data. Preserving and maintaining the confidentiality and integrity of user data is a vital concern that is common for all companies. In addition, the lack of effective frameworks to ensure the quality of service and rising budgetary pressures are some of the key factors restraining the growth of the market.

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Business Process Outsourcing Market Report Highlights

• On basis of service type, the demand for BPO solutions in the human resource segment is expected to register the second-fastest CAGR over the forecast period
• The rising need for aligning HR and business operations, compliance management, changing policy framework, cost reduction, and access to key technologies is boosting the demand for BPO services in the HR sector
• In 2020, the IT & telecommunication segment accounted for the highest revenue share and expand further at a steady CAGR from 2021 to 2028
• BPO solutions help telecom companies establish a flexible strategy to acquire and retain more customers, access specialized resources, optimize current investments, and manage cost pressures
• The Asia Pacific market is expected to witness the fastest CAGR during the forecast period
• Increasing demand for talented professionals, reduced labor costs, and significant digital investments by leading vendors, such as HCL Technologies Ltd., Infosys Ltd., Accenture, and Wipro, are expected to drive regional market growth
• Moreover, infrastructure investments by government bodies are expected to provide growth opportunities to the market

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Business Process Outsourcing Market Segmentation

Grand View Research has segmented the global business process outsourcing market on the basis of service type, end-use, and region:

BPO Service Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Finance & Accounting
• Human Resource
• KPO
• Procurement
• Customer Services
• Others

BPO End-use Outlook (Revenue, USD Billion, 2017 - 2028)

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

BPO Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key players of Business Process Outsourcing (BPO) Market

• Accenture
• Amdocs
• Infosys Limited (Infosys BPM)
• HCL Technologies Limited
• CBRE Group Inc.
• NCR Corporation
• Wipro Limited
• Capgemini
• TTEC Holdings, Inc.
• Sodexo

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. Revenue Cycle Management Market Set to Surge Significantly During 2021-2028: Grand View Research Inc.

 U.S. Revenue Cycle Management Market Growth & Trends

The U.S. revenue cycle management market size is projected to reach USD 286.7 billion by 2028, according to a new report by Grand View Research, Inc. This market is expected to expand at a CAGR of 11.2% over the forecast period. An increase in pressure on healthcare providers to implement revenue cycle management (RCM) solutions, the rise in adoption of Consumer-driven Healthcare (CDH) accounts, and growth in the number of collaborations in the market are the major factors driving the industry growth.

The integrated product type segment accounted for the largest revenue share of over 70% in 2020 and is expected to grow at the fastest CAGR over the forecast period. These systems provide seamless access to clinical data from Electronic Health Records (EHRs) and similar databases. For instance, according to a news article published by Cerner Corp. in 2020, fully integrated EHR systems provided by the company are proving to be beneficial and providing improvements in the RCM systems at the San Juan Regional Medical Center. Hence, the rising adoption of integrated systems is likely to fuel the segment growth during the forecast period.

On the basis of delivery mode, the web-based segment accounted for the highest revenue share in 2020. Key factors responsible for this growth included affordability, rapid Return on Investment (RoI), and ease of deployment of these systems. On the other hand, the cloud-based segment is expected to grow at the fastest CAGR over the forecast period. Based on sourcing, the outsourcing segment is expected to register the fastest growth rate over the forecast period. There is a rise in the demand for services outsourcing during the Covid-19 pandemic owing to the rapidly increasing inpatient volume, claim fluctuations and staff productivity.

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U.S. Revenue Cycle Management Market Report Highlights

• The market was valued at USD 120.7 billion in 2020 and is anticipated to grow at a CAGR of 11.2% over the forecast period
• In 2020, the services segment is predicted to account for the largest market share growing at the fastest CAGR from 2021 to 2028
• This growth is credited to the increased demand for service outsourcing due to the dearth of skilled labor, shortage of resources, and rising healthcare costs in the U.S.
• The software segment is also projected to witness significant growth over the forecast period owing to the rising adoption and penetration of software-based solutions in the market
• In 2020, the integrated systems product type segment accounted for the largest revenue share owing to the increasing demand for these systems to eliminate human errors and speeding up the administrative functions

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U.S. Revenue Cycle Management Market Segmentation

Grand View Research has segmented the U.S. revenue cycle management market on the basis of end user, product type, component, delivery mode, physician specialty, sourcing, and functions:

U.S. RCM End-user Outlook (Revenue, USD Billion, 2016 - 2028)

• Hospitals
• Physician & Clinical Services

U.S. RCM Product Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Integrated System
• Standalone System

U.S. RCM Component Outlook (Revenue, USD Billion, 2016 - 2028)

• Software Solution
• Services

U.S. RCM Delivery Mode Outlook (Revenue, USD Billion, 2016 - 2028)

• On-premise
• Web-based
• Cloud-based

U.S. RCM Physician Specialty Outlook (Revenue, USD Billion, 2016 - 2028)

• Oncology
• Cardiology
• Anesthesia
• Radiology
• Pathology
• Pain Management
• Emergency Services
• Others

U.S. RCM Sourcing Outlook (Revenue, USD Billion, 2016 - 2028)

• In-house
• External Apps/Software
• Outsourced Services

U.S. RCM Functions Outlook (Revenue, USD Billion, 2016 - 2028)

• Product Development
• Member Engagement
• Network Management
• Care Management
• Claim Management
• Risk and Compliances

List of Key Players of U.S. Revenue Cycle Management (RCM) Market

• The SSI Group, Inc.
• McKesson Corp.
• AllScripts Healthcare, LLC
• Athenahealth, Inc.
• Epic Systems Corp.
• NXGN Management, LLC
• Oncospark, Inc.
• eClinicalWorks

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.

Consumer Genomics Market Projected To Be Worth USD 8.1 Billion By 2028: Grand View Research Inc.

 Consumer Genomics Market Growth & Trends

The global consumer genomics market size is projected to reach USD 8.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 19.4% from 2021 to 2028. Technological advances in genetic research have helped to raise awareness among physicians as well as consumers pertaining to the use of gene-based testing.

Genomics testing enables the determination of common traits by studying a DNA molecule, predictions about health, and offers evidence of a person’s ancestry. Several companies are providing DNA tests directly to customers by which they have access to their genetic information without involving the healthcare professional. Rising awareness about DNA testing has driven the adoption rate, which in turn provides healthy growth prospects for the implementation of DNA tests in home settings.

The continuously declining costs of genotyping have resulted in direct-to-consumer services becoming more accessible to the average consumer as DNA testing services are delivered by key companies. Many key participants are focusing majorly on building partnerships and collaborations with physicians and healthcare systems to inflate their current marketplace.

Request a free sample copy or view report summary: Consumer Genomics Market Report

Consumer Genomics Market Report Highlights

• The genetic relatedness segment accounted for the largest revenue generation in 2020 and is anticipated to remain dominant throughout the forecast period
• Genetic relatedness involves the determination of hereditary or the genetic transfer of traits from parents to their offspring
• These tests help analyze repetitive DNA regions known as short tandem repeats for the determination of a likelihood of paternity
• The lifestyle, wellness, and nutrition segment is expected to witness the fastest CAGR as consumer genomics tests are claimed to provide personalized nutrition based on an individual’s genotype
• For patients with rare genetic disorders such as galactosemia and lactose intolerance, a customized diet is recommended
• Growing public interest for personalized health has fueled the adoption of nutrigenetic testing services, specifically for optimizing nutrition
• Hence, personalized nutrition is employed to maintain or improve health by using genetic, clinical, and dietary information to provide precise and more efficacious personalized healthy recommendations
• North America is estimated to capture the largest market share owing to the local presence of key industry participants such as 23andMe and AncestryDNA, and the commercialization of FDA approved kits 
• Due to growing investments and skills, in Asia Pacific, the market is expected to grow with the fastest CAGR
• This can majorly be attributed to the advent of knowledge-based innovations and entry of investors focused on personalized genetic screening as well as the presence of research funding agencies

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

Consumer Genomics Market Segmentation

Grand View Research has segmented the global consumer genomics market on the basis of application and region:

Consumer Genomics Application Outlook (Revenue, USD Million, 2017 - 2028)

• Genetic Relatedness
• Diagnostics
• Lifestyle, Wellness, & Nutrition
• Ancestry
• Reproductive Health
• Personalized Medicine & Pharmacogenetic testing
• Sports Nutrition & Health
• Others

Consumer Genomics Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Consumer Genomics Market

• Ancestry
• Gene By Gene, Ltd. (FamilyTree DNA)
• 23andMe, Inc.
• Color Genomics, Inc
• Myriad Genetics, Inc
• Mapmygenome
• Positive Biosciences, Ltd
• Futura Genetics
• Helix OpCo LLC
• MyHeritage Ltd.
• Pathway Genomics
• Veritas
• Amgen, Inc.
• Xcode Life
• Diagnomics, Inc.
• Toolbox Genomics
• SomaLogic, Inc.
• inui Health (formerly Scanadu)
• AgeCurve
• QuickCheck Health
• Biomeb
• Metabolomic Discoveries GmbH
• Illumina, 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.

Laboratory Information Management System Market Will See Strong Expansion Through 2028: Grand View Research Inc.

 Laboratory Information Management System Market Growth & Trends

The global laboratory information management system market size is expected to reach USD 1.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.0% from 2021 to 2028. Factors contributing to the growth of the laboratory information management system (LIMS) market include growing demand for laboratory automation, investments in life sciences industry, demand for outsourcing, and technological advancements.

To help in tackling the effect of COVID-19, market players aimed at launching novel solutions in the market. For instance, LabVantage launched the COVID-19 LIMS which is helpful in managing the unprecedented acceleration of the laboratory workflow and volume due to the pandemic. Likewise, in March 2020, Ovation, a U.S. based startup launched an initiative that was centered on its cloud-based LIMS and was aimed towards enabling independent laboratories to broaden their capabilities and effectively doubling the testing capacity throughout the country.

Increasing investment in R&D sectors by pharma and biotechnological organizations is another factor propelling the growth of laboratory information management system. According to National Science Foundation (NSF) data in 2018, the spending on R&D has been increased by approximately 3.2% between 2015 and 2017. Increase in demand for laboratory automation is expected to fuel market growth.

Request a free sample copy or view report summary: Laboratory Information Management System Market Report

Laboratory Information Management System Market Report Highlights

• The cloud-based segment dominated the market and accounted for the largest revenue share in 2020. The segment is projected to show a CAGR of over 4.6% from 2021 to 2028. Technological advancements by market players are expected to drive the segment
• The services component segment accounted for the largest revenue share owing to the rising lab automation which required implementation, maintenance, and support
• North America held the largest revenue share in 2020, due to the favorable government initiatives, demand for genomic studies, and increased investment in R&D by the government
• The industry participants are focusing on investing in acquisitions, collaborations, product launches, and partnerships to gain a competitive edge
• The CRO segment is expected to exhibit the lucrative CAGR of 4.6% due to increasing demand for outsourcing LIMS solutions to curb the operating cost
• In Asia Pacific, the market is anticipated to witness lucrative growth of around 5.4% owing to the rising demand for outsourcing and increasing expenditure in the R&D sector
• In February 2020, LabVantage Solutions announced the availability of a SaaS package for its purpose-built LIMS platform

Access Press Release@ https://www.grandviewresearch.com/press-release/global-laboratory-information-management-system-lims-market

Laboratory Information Management System Market Segmentation

Grand View Research has segmented the global laboratory information management system market on the basis of product, component, end-use, and region:

LIMS Product Outlook (Revenue, USD Million, 2016 - 2028)

• On-premise
• Web-hosted
• Cloud-based

LIMS Component Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services

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

• Life Sciences
• CROs
• Petrochemical Refineries & Oil and Gas Industry
• Chemical Industry
• Food and Beverage and Agriculture Industries
• Environmental Testing Laboratories
• Other Industries (Forensics and Metal & Mining Laboratories)

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

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

List of Key Players of Laboratory Information Management System (LIMS) Market

• Thermo Fisher Scientific
• Siemens
• LabVantage Solutions Inc.
• LabWare
• PerkinElmer Inc.
• Abbott Laboratories
• Autoscribe Informatics
• Illumina, Inc.
• Labworks
• LabLynx, 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.

Ostomy Care And Accessories Market Significant Profits Estimated to be Generated by 2028: Grand View Research Inc.

 Ostomy Care And Accessories Market Growth & Trends 

The global ostomy care and accessories market size is anticipated to reach USD 4.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.1% from 2021 to 2028. The increasing prevalence of bladder and colorectal cancer coupled with the rise in the geriatric population is a key contributor to market growth.

The high prevalence of colorectal cancer and urinary bladder cancer has increased the demand for ostomy care products globally. For instance, as per the estimates of the American Cancer Society, in the U.S., in 2021, around 149,500 people are expected to be diagnosed with colorectal cancer, and approximately 52,980 people are expected to die due to colorectal cancer. This is expected to drive the market over the forecast period.

However, the COVID-19 crisis has been negatively impacted the market. Most projects related to the surgical procedure in South Korea, China, the U.S., and Germany got postponed due to an outbreak of a pandemic. The companies are facing short-term operational issues owing to supply chain constraints (restrictions at international borders). Thus, affecting the market growth in the short term.

The presence of various e-commerce sites offering products related to the surgical procedure might drive the sales of products. Amazon, Stomabags, and Express Medical Supply Inc. are some of the notable e-commerce sites which offer significant discounts, warranty, and prompt customer service on various products and accessories.

Request a free sample copy or view report summary: Ostomy Care And Accessories Market Report

Ostomy Care And Accessories Market Report Highlights

• Based on product, the ostomy bags segment dominated the market in 2020 with a share of 85.0% owing to increasing cases of urological ailments, such as Inflammatory Bowel Disease, chronic kidney disease, and bladder control problems. The segment is further sub-segmented into one-piece and two-piece bags
• On the basis of application, the colostomy segment dominated the market in 2020 and accounted for the largest revenue share of 45.8% due to the increasing geriatric population and high prevalence of colorectal cancer
• Based on end-use, the home care settings segment dominated the market in 2020 and accounted for the largest revenue share of 45.4%, owing to an increase in demand for ostomy care products in the home care and patient-centric healthcare services
• Europe dominated the market with the highest revenue share of 47.2% in 2020 owing to the high incidence rate of Crohn’s disease and ulcerative colitis in this region and increasing incidence of urological diseases

Access Press Release@ https://www.grandviewresearch.com/press-release/global-ostomy-care-accessories-market

Ostomy Care And Accessories Market Segmentation

Grand View Research has segmented the global ostomy care and accessories market on the basis of product, application, end-use, and region:

Ostomy Care & Accessories Product Outlook (Revenue, USD Million, 2016 - 2028)

• Bags
  • One Piece
  • Two Piece
• Accessories
  • Seals/Barrier Rings
  • Pouch Cover
  • Pouch Closures
  • Stoma Caps/Hat
  • Others

Ostomy Care & Accessories Application Outlook (Revenue, USD Million, 2016 - 2028)

• Colostomy
• Ileostomy
• Urostomy

Ostomy Care & Accessories End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Home Care Settings
• Hospitals
• Others

Ostomy Care & Accessories 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
  • Mexico
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Ostomy Care And Accessories Market

• Coloplast Corp.
• Braun Melsungen AG
• Hollister Incorporated
• ConvaTec Group Plc
• Welland Medical Ltd.
• Salts Healthcare 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.