Surge Protection Devices Market Trends Regulations And Competitive Landscape Outlook to 2028

 Surge Protection Devices Market Growth & Trends

The global surge protection devices market size is expected to reach USD 4.41 billion by 2028, registering a CAGR of 8.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growing need to protect electrical equipment from surges is primarily expected to drive the growth of the market. The high costs associated with electrical equipment downtime are also expected to drive the adoption of surge protection devices (SPDs) over the forecast period. The growing awareness among consumers about safeguarding electronic appliances from potential surges also bodes well for the growth of the market.

Surge protection devices are critical for businesses and both residential and commercial establishments. SPDs help in protecting consumer electronics and electrical equipment from voltage fluctuations. SPDs are available in various types and are used in an electrical distribution system depending on the requirement posed by the location. SPDs also safeguard electrical equipment from the surges caused during lightning strikes.

Data centers store large volumes of critical data. As such, any downtime at data centers stemming from electrical surges could lead to heavy losses. As Asia Pacific continues to emerge as one of prominent destinations for outsourcing services, the number of data centers being established in the region is growing continuously. Investments in renewable energy projects are also gaining traction across Asia Pacific. Hence, the growing number of data centers and the aggressive investments in renewable energy projects in Asia Pacific are expected to drive the demand for SPDs in the region.

The rising levels of disposable income especially in developing economies are allowing individuals to spend more on premium consumer electronics. However, given that consumer electronics are susceptible to internal surges, it is essential to safeguard them, thereby driving the need for SPDs. Particularly in developed economies, where the information technology industry is well established, surge protection devices are being used on a large scale to protect the IT infrastructure, including servers, desktops, and electrical supply equipment, which also bodes well for the growth of the market over the forecast period.

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Surge Protection Devices Market Report Highlights

• The hard-wired segment is estimated to emerge as the largest segment market over the forecast period as hard-wired SPDs are primarily used for protecting various electrical equipment and devices from surges
• The Type 1 segment is expected to register the highest CAGR over the forecast period. Type 1 SPDs are particularly used to protect electronic equipment from lightning surges
• The 50.1-100 kA segment is anticipated to witness significant growth over the forecast period in line with the rapid residential and commercial infrastructure development across the globe
• Industries and manufacturing units are the major end users of SPDs as they put a strong emphasis on preventing equipment downtime
• Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to the aggressive investments to cater to the rising demand for energy in line with the growing population

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Surge Protection Devices Market Segmentation

Grand View Research has segmented the global surge protection devices market based on product, type, power rating, end-use, and region:

Surge Protection Devices Product Outlook (Revenue, USD Million, 2016 - 2028)

• Hard-wired
• Plug-in
• Line Cord
• Power Control Devices

Surge Protection Devices Type Outlook (Revenue, USD Million, 2016 - 2028)

• Type 1
• Type 2
• Type 3
• Type 4

Surge Protection Devices Power Rating Outlook (Revenue, USD Million, 2016 - 2028)

• 0-50 kA
• 1-100 kA
• 1-200 kA
• 1 kA and Above

Surge Protection Devices End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Commercial Complexes
• Data Center
• Industries & Manufacturing Units
• Medical
• Residential Buildings & Spaces
• Telecommunication
• Transportation
• Others

Surge Protection Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of the Surge Protection Devices Market

• ABB
• General Electric
• Schneider Electric
• Eaton
• Legrand
• Emerson Electric Co.
• Siemens
• com
• Tripp Lite
• Vertiv Group Corp.

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.

3D CAD Software Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 3D CAD Software Market Growth & Trends

The global 3D CAD software market size is estimated to reach USD 15.41 billion by 2028, registering a CAGR of 6.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. The significant deployment of CAD solutions in the packaging industry is driving the growth of this market. Furthermore, the continuous advancements in 3D technology and its adoption in the automotive sector are contributing to the growth of the market. Most industries are shifting from 2D CAD to 3D CAD software, making complex design structures easy and providing options between customized and predefined designs.

Companies are offering differentiated 3D CAD solutions for various industrial uses. The solutions are increasingly being deployed for designing in various sectors, such as architectural & engineering, manufacturing, automotive, healthcare, and media & entertainment. The key participants in the industry are engaging in collaborations with other specialized technology firms to offer their customers a simpler and more convenient platform for designing. For instance, in April 2021, Autodesk, Inc. acquired Up chain, Inc., a Product Data Management (PDM), Product Lifecycle Management (PLM), instant-on, and cloud-based solutions provider, to offer value for suppliers, manufacturers, engineers, and other product stakeholders.

Up chain, Inc. designed a unified cloud platform to eliminate the boundaries of traditional PDM and PLM technologies. The transformation from on-premise to the cloud platform, including changes in consumer requirements and preferences, is expected to fuel market growth. The growing trend of incorporating Artificial Intelligence (AI) in 3D CAD software has enhanced the 3D modeling experiences, majorly by identifying and minimizing design errors. In addition, the increasing preference among consumers for deploying customized solutions is anticipated to drive market growth.

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3D CAD Software Market Report Highlights

• Improvements in 3D printingare driving the growth of the market as 3D printing needs a 3D model to be prepared using CAD technology
• The cloud-based segment is anticipated to witness the fastest CAGR of over 11.0% from 2021 to 2028 due to the availability of CAD solutions as Infrastructure-as-a-Service (IaaS), which allows end-use industries to reduce their total cost of implementation and ownership
• The healthcare segment is expected to register the fastest CAGR from 2021 to 2028. This growth can be attributed to the rising deployment of CAD solutions in the healthcare sector owing to the increasing awareness of early diagnosis and the high prevalence of chronic and critical diseases
• Asia Pacific is anticipated to register the highest CAGR over the forecast period owing to the significant demand for 3D CAD software solutions in the construction and manufacturing industries

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3D CAD Software Market Segmentation

Grand View Research has segmented the global 3D CAD software market on the basis of deployment, application, and region:

3D CAD Software Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• Cloud
• On-premise

3D CAD Software Application Outlook (Revenue, USD Million, 2016 - 2028)

• Architecture, Engineering, and Construction (AEC)
• Manufacturing
• Automotive
• Healthcare
• Media & Entertainment
• Others

3D CAD Software Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of 3D CAD Software Market

• Autodesk, Inc.
• Bentley Systems, Inc.
• Hexagon AB
• Oracle
• PTC
• Siemens
• Dassault Systèmes SolidWorks Corp.

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.

Cancer Biopsy Market Poised to Garner Maximum Revenues During 2021 – 2027: Grand View Research Inc.

 Cancer Biopsy Market Growth & Trends

The global cancer biopsy market size is expected to reach USD 44.51 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 11.13% from 2021 to 2027. The expanding landscape of molecular medicine paved the way for the development of new devices for the molecular characterization of cancers. Thus, increasing adoption and product approvals for liquid biopsies are expected to drive the overall market.

The kits and consumables product segment is expected to maintain its lead in the years to come. Acknowledging this trend, various market players have invested in the development of novel kits in order to expand their biopsy kits portfolio. For instance, in April 2021, Sysmex Europe GmbH, along with Sysmex Inostics GmbH, introduced Plasma-SeqSensei liquid biopsy research use only (RUO) kits in EMEA.

The tissue biopsies segment emerged as the dominant type segment in 2020. Shortcomings of liquid biopsies such as the lack of robust efficacy evaluations and associated high costs are currently bridged by tissue biopsies. This has made tissue biopsy a gold-standard procedure in the present diagnostic scenario.

Liquid biopsies are expected to offer lucrative opportunities in the field of oncology-based personalized medicine and genomic data analysis. Recognizing the potential of these tests, the regulatory bodies are actively supporting the commercialization of these products and increasing the use of these assays in clinics. For instance, in November 2020, the FoundationOne Liquid CDx test was approved by the U.S. FDA as a companion diagnostic device for multiple cancers.

The liquid biopsies segment is expected to expand at an exponential rate in the coming years, wherein increasing investments and strategic initiatives by companies involved in biopharmaceutical manufacturing and genomic data analysis are expected to play a central role. The emerging companies are inclined towards collaborating with well-established industry participants, including SOPHiA Genetics, QIAGEN Bioinformatics, Agilent Technologies, and Fabric Genomics. This trend is further expected to favor the overall market growth.

Key players are focusing on developing novel biopsy platforms, set to achieve business expansion, further contributing to the revenue generation in the market. In March 2021, Quick-Core Auto Biopsy System for biopsy procedure soft tissue biopsy was launched by IZI Medical Products. This product is fully automated, which is built based on the company’s proprietary semi-automatic system, Quick-Core.

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Cancer Biopsy Market Report Highlights

• By product, kits and consumables accounted for the largest revenue share in 2020 and are anticipated to maintain its lead throughout the forecast period. The adoption of kits and consumables is expected to increase owing to the significant transition from tumor to liquid biopsy
• Based on type, tissue biopsies are still considered to be a mainstay of biopsies and are largely adopted across various diagnosis applications. Additionally, tumor biopsy is most adopted for diagnosis on individual levels, along with monitoring the effects of an ongoing oncology treatment
• North America held the largest revenue share in 2020 owing to the concentrated pool of active organizations and cancer foundations. The strong network of government organizations and private cancer foundations in the U.S. has made significant contributions to the regional revenue generation capacity
• In terms of application, breast cancer dominated the global market in 2020 and is expected to maintain its lead throughout the forecast period. Open surgical biopsy is considered to be a reference standard for the evaluation of patients with a suspicious breast lesion. This is attributed to its proven accuracy in diagnosing breast lesions, further contributing to the revenue generated by this segment

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Cancer Biopsy Market Segmentation

Grand View Research has segmented the global cancer biopsy market on the basis of product, type, application, and region:

Cancer Biopsy Product Outlook (Revenue, USD Million, 2018 - 2027)

• Instruments
• Kits and Consumables
• Services

Cancer Biopsy Type Outlook (Revenue, USD Million, 2018 - 2027)

• Tissue Biopsies
  • Needle Biopsies
    • Fine Needle Aspiration (FNA)
    • Core Needle Biopsy (CNB)
  • Surgical Biopsies
• Liquid Biopsies
• Others

Cancer Biopsy Application Outlook (Revenue, USD Million, 2018 - 2027)

• Breast Cancer
• Colorectal Cancer
• Cervical Cancers
• Lung Cancers
• Prostate Cancers
• Skin Cancers
• Blood Cancers
• Kidney Cancers
• Liver Cancers
• Pancreatic Cancers
• Ovarian Cancers
• Others

Cancer Biopsy Regional Outlook (Revenue, USD Million, 2018 - 2027)

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

List of Key Players of Cancer Biopsy Market

• Qiagen N.V.
• Illumina, Inc.
• ANGLE Plc
• BD (Becton, Dickinson And Company)
• Myriad Genetics
• Hologic, Inc.
• Biocept, Inc.
• Thermo Fisher Scientific, Inc.
• Danaher
• Hoffmann-La Roche Ltd.
• Lucence Diagnostics Pte. Ltd.
• GRAIL, Inc.
• Guardant Health
• Exact Sciences Corporation
• Freenome Holdings, Inc.
• Biodesix (Integrated Diagnostics)
• Oncimmune
• Epigenomics AG
• HelioHealth (Laboratory for Advanced Medicine)
• Genesystems, Inc. (Genesys Biolabs)
• Chronix Biomedical, Inc.
• Personal Genome Diagnostics Inc.
• Natera, Inc.
• Personalis 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.

Single-use Bioprocessing Probes And Sensors Market Current And Future Market Conditions 2021-2028: Grand View Research Inc.

 Single-use Bioprocessing Probes And Sensors Market Growth & Trends

The global single-use bioprocessing probes and sensors market size is expected to reach USD 5.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.9% from 2021 to 2028. The biopharmaceutical industry is witnessing an increase in the use of single-use technology for the production of biologics, biosimilar, and other biopharmaceutical products. As the need to reduce manufacturing costs is increasing, manufacturers are adopting the implementation of single-use equipment in their production workflow, in turn, boosting revenue growth.

Rising demand for improved bioprocess monitoring devices is another factor driving the market for single-use probes and sensors. Growing biopharmaceutical sector demands advanced sensors to cope with the regulatory norms that require increasingly detailed and complex measurement of processes. Thus, the demand for improved sensors that offer better results is also increasing.

Expanding usage of disposable systems has resulted in lucrative growth for operating players. Key players are making focused efforts to boost their business presence. OEMs are collaborating with independent single-use suppliers to fill the technological gap. Some key OEMs are integrating disposable sensors in their equipment used for various applications, thereby accelerating the adoption of products in this space.

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Single-use Bioprocessing Probes And Sensors Market Report Highlights

• Single-use pH and dissolved oxygen sensors are the most used disposable sensors in the bioprocessing industry. Products for pressure measurement have already become widely accepted and adopted
• In 2020, the pH sensor segment accounted for the major revenue share as these sensors can be deployed in nearly all the biological processes
• Single-use Dissolved Oxygen (DO) and pH sensors are being used in upstream applications, leading to the large revenue share of the segment
• Increasing application of disposable bioreactors in upstream biopharmaceutical production has driven the use of sensors in this segment
• In addition, the availability of various single-use systems for upstream bioprocessing further supplements segment growth
• Biopharmaceutical manufacturers have emerged as the key end-user of this market
• Increasing adoption of single-use technologies by CMOs is one of the key drivers for the growth of the biopharmaceutical manufacturer segment
• Geographically, North America dominated the market in 2020 owing to the presence of biopharmaceutical clusters and proactiveness of operating end-users in adopting new technologies
• Asia Pacific is expected to be the fastest-growing market over the forecast period, owing to the expanding biomanufacturing capabilities in Asian countries
• The key players are engaged in collaboration with therapy developers to support their product development process

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Single-use Bioprocessing Probes And Sensors Market Segmentation

Grand View Research has segmented the global single-use bioprocessing probes and sensors market on the basis of sensor type, workflow, end use, and region:

Single-use Bioprocessing Probes And Sensor Type Outlook (Revenue, USD Million, 2018 - 2028)

• pH Sensor
• Oxygen Sensor
• Pressure Sensors
• Temperature Sensors
• Conductivity Sensors
• Flow Meters & Sensors
• Others

Single-use Bioprocessing Probes And Sensors Workflow Outlook (Revenue, USD Million, 2018 - 2028)

• Upstream
• Downstream

Single-use Bioprocessing Probes And Sensors End-use Outlook (Revenue, USD Million, 2018 - 2028)

• Biopharmaceutical Manufacturer
  • CMOs & CROs
  • In-house Manufacturer
• Labs & Academic/ Clinical Research Institutes

Single-use Bioprocessing Probes And Sensors Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of Single-use Bioprocessing Probes And Sensors Market

• Thermo Fisher Scientific
• Sartorius AG
• Danaher Corporation
• PreSens Precision Sensing GmbH
• ABEC
• Hamilton Company
• PendoTECH LLC
• Equflow
• Parker Hannifin Corporation
• Malema Engineering Corporation
• Dover Corporation
• Broadley-James Corporation
• High Purity New England, Inc.
• Cole-Parmer Instrument Company, LLC.
• ESI Ultrapure

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.

Intelligent Transportation System Market Strong Application and Emerging Trends also Scope by 2028: Grand View Research Inc.

 Intelligent Transportation System Market Growth & Trends

The global intelligent transportation system market size is expected to reach USD 42,936.1 million by 2028, registering a CAGR of 7.0% from 2021 to 2028, according to a new study by Grand View Research, Inc. Continued advances in the development of transportation networks have triggered the need for an efficient transportation system. At the same time, advances in the latest technologies, such as blind-spot detection and electronic toll collection, are continuously redefining the expectations and prospects for sustainable management of transportation networks and traffic. At this juncture, the growing need to present real-time traffic information to drivers and passengers is emerging as one of the key factors driving the demand for intelligent transportation system (ITS).

Advances in telecommunications technologies and the evolution of IT systems are expected to help in reducing traffic congestions. Given that modern traffic control strategies focus more on utilizing real-time data while simultaneously addressing impact criteria, such as emission control; the integration of ITS with smart grid and other energy distribution and charging systems can potentially help distribution agencies in utilizing the real-time data to draft capacity expansion strategies for the future. According to the ITS Development Strategy drafted by the Department of Transport of the Republic of Korea, intelligent transportation systems can help significantly in reducing traffic congestion, preventing automobile idling, and subsequently in reducing fuel consumption and hence greenhouse gas emissions.

The growing volumes of data involved in transportation management are driving the need for more sophisticated data processing solutions. As such, intelligent transportation systems are leveraging AI to track data in real-time and optimize efficiency. International Business Machine’s Watson is an example of the implementation of artificial intelligence (AI) in transportation management to identify damages to logistics assets leveraging cognitive visual recognition capabilities and to manage the network and optimize routes leveraging predictive analysis.

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Intelligent Transportation System Market Report Highlights

• The Advanced Traveler Information System (ATMS) segment is anticipated to register considerable growth over the forecast period. ATMS provides traffic management solutions that can potentially improve road safety while enhancing traffic flows and mobility. Traffic management solutions offer real-time data that can help in analyzing and responding to emergencies immediately
• The traffic management segment accounted for the largest market share of over 30% in 2020 and is expected to continue dominating the market over the forecast period. The increase in travel time and hence the fuel consumption and the subsequent monetary losses stemming from traffic congestions are driving the necessity for implementing efficient traffic management systems. Traffic management systems also help in enhancing the operational performance and reliability of road networks
• The North America regional market is anticipated to reach USD 16.13 billion by 2028. The regional market is expected to continue dominating the global market over the forecast period leveraging the advances in telecommunications technology and the aggressive investments in research and development, deployment, and adoption of intelligent transportation systems across the U.S.

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Intelligent Transportation System Market Segmentation

Grand View Research has segmented the global intelligent transportation system market based on type, application, and region:

Intelligent Transportation System Type Outlook (Revenue, USD Million, 2018 - 2028)

• Advanced Traveler Information System (ATIS)
• Advanced Traffic Management System (ATMS)
• Advanced Transportation Pricing System (ATPS)
• Advanced Public Transportation System (APTS)
• Emergency Medical System (EMS)

Intelligent Transportation System Application Outlook (Revenue, USD Million, 2018 - 2028)

• Traffic Management
• Road Safety and Security
• Freight Management
• Public Transport
• Environment Protection
• Automotive Telematics
• Parking Management
• Road Tolling Systems

Intelligent Transportation System Regional Outlook (Revenue, USD Million, 2018 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• South America
  • Brazil
  • Argentina
• MEA
  • UAE
  • KSA

List of Key Players of Intelligent Transportation System Market

• Addco
• Agero, Inc.
• DENSO CORPORATION
• EFKON GmbH
• Hitachi, Ltd.
• Garmin Ltd.
• Thales Group
• Xerox Corporation
• Recardo
• Sensys Networks, Inc.
• Telenav, Inc.
• Iteris, Inc.
• Kapsch TrafficCom
• Lanner
• Nuance Communications, Inc.
• Q-Free ASA
• Siemens AG
• TomTom International BV
• TransCore

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

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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.

Automated Test Equipment Market Expected to Witness a Sustainable Growth over 2028: Grand View Research Inc.

 Automated Test Equipment Market Growth & Trends

The global automated test equipment market size is expected to reach USD 8.94 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 3.3% from 2021 to 2028. Increasing adoption of System on Chip (SoC) coupled with high demand for consumer electronics is anticipated to drive the growth. Growing electronic content in automotive sector and penetration of smartphones is expected to drive the market. Furthermore, the demand for Automated Test Equipment (ATE) in manufacturing industry as the test equipment save the manufacturing cost and helps in eliminating the defective devices is projected to continue fueling the market.

Miniaturization has spurred demand across various semiconductor manufacturing companies. Additionally, considerable technological advancements coupled with design complexity and the need for adequate testing is expected to positively impact the growth. Developments in semiconductor manufacturing processes along with expansion of wireless networks in developing nations is expected to provide significant growth opportunities for the global market.

The growth of ATE market is primarily driven by semiconductor manufacturing companies which focus on cost-effective testing. Semiconductor manufacturing companies no longer consider fabrication costs as a factor for profit margin in semiconductor chip manufacturing. Semiconductor companies focus on improving their fabrication technology and look for efficient ways of testing to reduce losses due to damages. Advancements in smartphones, tablets, and SoC-based products is creating demand for greater functionality in ATE. As connected devices get smaller, more powerful, and multifaceted; they face design, application, and fabrication challenges, increasing the product demand.

Increasing design complexities along with major technological inventions such as advanced Design for Test (DFT) and adaptive testing are some of the key factors driving the automatic test equipment market. Moreover, recent innovations in Internet of Things (IoT) devices, autonomous vehicles, along with significant changes in the defense and aerospace sectors have significantly transformed the market dynamics.

Non-memory automated test equipment product segment is expected to hold significant market share over the forecast period owing to the increasing number of microcontroller-based applications and demand of the automotive sector. Revenue from IT and telecommunications sector is projected to witness significant growth in the forthcoming years. Asia Pacific accounted for the largest market share in 2019 and is expected to register the fastest growth over the forecast period, owing to the rising number of semiconductor industries in the region. Key market players include Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc.; and Teradyne Inc.

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Automated Test Equipment Market Report Highlights

• The growth of automated test equipment market is driven by the significant use of the test equipment in automotive and semiconductor industry
• In the product segment, Non-memory ATE held the largest market share in 2019 and is estimated to witness the second-fastest growth over the forecast period owing to the expansion of consumer electronics, growing number of microcontroller-based application, and other such factors
• In the vertical segment, IT and telecommunication is estimated to continue holding the largest market share in the forthcoming years, owing to the increased focus on effective communication
• The automotive segment is expected to witness considerable growth over the forecast period owing to the increasing integration of the electronic devices in the automobile industry
• North America is estimated to witness substantial growth over the forecast period owing to the high investment in aerospace and defense couple with technological innovations
• Key market players include Aemulus Holdings Bhd (“Aemulus”); Chroma ATE Inc.; Aeroflex Inc. (a subsidiary of Cobham plc); Astronics Corporation; Advantest Corporation; LTX-Credence Corporation (Xcerra Corporation); Teradyne Inc.; STAr Technologies Inc. (a subsidiary of Innotech Corporation); Tesec Corporation; Roos Instruments, Inc.; Marvin Test Solutions Inc.; and Danaher Corporation. Teradyne Inc.; LTX-Credence Corporation (Xcerra Corporation); and Advantest Corporation dominated majority of global market share

Access Press Release@ https://www.grandviewresearch.com/press-release/global-automated-test-equipment

Automated Test Equipment Market Segmentation

Grand View Research has segmented the global automated test equipment market on the basis of product, vertical, and region:

Automated Test Equipment Product Outlook (Revenue, USD Million, 2017 - 2028)

• Non-Memory ATE
• Memory ATE
• Discrete ATE

Automated Test Equipment Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• Automotive
• Consumer
• Aerospace & Defense
• IT & Telecommunications
• Others

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Singapore
  • Malaysia
• South America
  • Brazil
• Middle East & Africa

List of Key Players of Automated Test Equipment Market

• Aemulus Holdings Bhd (“Aemulus”)
• Chroma ATE Inc.
• Aeroflex Inc. (a subsidiary of Cobham plc)
• Astronics Corporation
• Advantest Corporation
• LTX-Credence Corporation (Xcerra Corporation)
• Teradyne Inc.
• STAr Technologies Inc. (a subsidiary of Innotech Corporation)
• Tesec Corporation
• Roos Instruments, Inc.
• Marvin Test Solutions Inc.
• Danaher 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.

Vitrification Market Expected To Propel Industry Growth By 2027: Grand View Research Inc.

 Vitrification Market Growth & Trends

The global Vitrification Market size is expected to reach USD 20.3 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 17.7% from 2021 to 2027. Several experiments and investigations have been conducted to prove the efficiency of vitrification over slow freezing, leading to its increased clinical implementation. Currently, most IVF clinics are using this method to freeze the eggs/embryos and deliver a higher success rate to patients, thereby driving the market.

Increasing infertility rates have significantly driven the fertility preservation space. Preserving biospecimens has become a common trend among consumers in order to avoid the subsequent consequences of delayed childbearing. Furthermore, increasing awareness of reproductive health has driven the attention of people towards the freezing of biospecimens. This has created commercial opportunities for players such as Vitrolife and IVF Store that are engaged in offering vitrification solutions for fertility preservation.

The increasing infertility rate is further propelling the demand for products offered in this market. On the other hand, ethical concerns about the preservation of eggs and sperms have hampered the market revenue to a considerable extent. The government and regulatory bodies are working towards addressing the concerns by introducing guidelines on various aspects of fertility preservation space.

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

Vitrification Market Report Highlights

• Currently, vitrification is primarily preferred for the egg-freezing cycle, due to its high success rate over conventional techniques
• The relatively high upfront cost of embryo freezing, compared to egg freezing, has reduced penetration of this segment as compared to the oocytes segment
• However, with the number of increasing IVF cycles, the oocytes segment is anticipated to be a lucrative option
• On the other hand, although semen preservation has been performed before oocytes preservation, in the fast freezing market, these biospecimens account for a very low share in clinical implementation
• However, a substantial number of researches are being carried out to support the clinical implementation of vitrification under this segment
• Furthermore, the IVF clinics segment dominated the market in 2020 owing to the high usage of rapid cooling devices for oocytes preservation for future IVF procedures
• The biobanks segment is expected to witness considerable growth over the forecast period owing to the increase in the number of individuals seeking fertility preservation services
• Europe is recognized as the leader in Assisted Reproductive Technology (ART) space. This has positively favored the high revenue share of this region in the market in 2020
• Following Europe, North America accounted for the significant revenue share in 2020 owing to the increasing investment in R&D for new vitrification solutions coupled with effective regulatory guidelines to support the fertility preservation arena
• The Asian countries are expected to emerge as the lucrative source of revenue owing to the declining fertility rate in countries coupled with the subsequent increase in demand for vitrification products
• The key companies are engaged in making strategic alliances with other operating players to expand the distribution and market reach of their products

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

Vitrification Market Segmentation

Grand View Research has segmented the global Vitrification Market on the basis of specimen, end-use, region:

Vitrification Specimen Outlook (Revenue, USD Million, 2016 - 2027)

• Oocytes
  • Devices
  • Kits & Consumables
• Embryo
  • Devices
  • Kits & Consumables
• Sperm

Vitrification End-use Outlook (Revenue, USD Million, 2016 - 2027)

• IVF Clinics
• Biobanks

Vitrification Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Vitrification Market

• Vitrolife
• IVF Store LLC
• Frozen Cell
• Cook Medical Inc
• Minitube
• IMV Technologies
• Coopersurgical Fertility And Genomic Solutions
• Fujifilm Irvine Scientific
• Biotech Inc.
• Kitazato 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.

Laboratory Supplies Market is likely to touch USD 54.1 Billion by 2028: Grand View Research Inc.

 Laboratory Supplies Market Growth & Trends

The global laboratory supplies market size is expected to reach USD 54.1 billion by 2028, expanding at a CAGR of 7.5%, according to a new report by Grand View Research, Inc. Focus on R&D drives the demand for lab equipment market, thereby boosting the market growth.

In June 2019, the D.O.D’s Defense Logistics Agency settled the bidding process for USD 312.0 million contracts, for lab equipment and supplies. There are instances of huge government spending in the category including White House’s budget of 2020 that provides USD 134.0 billion for federal R&D, including significant investments in R&D facilities and equipment.

Laboratories have emerged as multipurpose research facilities in which various types of testing mechanisms, research analogies, and novel developments are carried out. This has also led to an increase in the demand for lab equipment and supplies market. Furthermore, the trend of research-based studies has been gaining traction over the past decade. This has resulted in the development of new laboratories in academic institutes, thereby boosting the market growth.

Recently, clinical laboratories have also gone through major technological advancements. With intense R&D going in the field of the pathogenesis of diseases and personalized medicine, advanced diagnostics methods and tests are being implemented extensively. Technological improvements in instrumentation continue to bring real benefits that accrue from greater ease of use, increased capacity, speed of analysis, higher precision, operational efficiencies, enhanced reliability, improved safety, and numerous other intangibles.

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Laboratory Supplies Market Report Highlights

• Equipment segment dominated the market with a share of 63.0% in 2019 due to the high cost associated with them
• The disposables segment is anticipated to witness a rapid growth rate of 7.7% over the forecast period as they help in avoiding contamination and reducing errors in the procedures
• Among disposables, the tube segment accounted for a maximum share of 19.3% in 2019. They are mostly used in laboratories to view, store, and transport samples
• North America was the leading segment in terms of revenue and market share in 2019. It accounted for 37.0% of the market share in 2019 due to the increasing research activities being carried out in the region.

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

Laboratory Supplies Market Segmentation

Grand View Research has segmented the global laboratory supplies market based on product and region

Laboratory Supplies Product Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• Equipment
  • Incubators
  • Laminar flow hood
  • Micro manipulation systems
  • Centrifuges
  • Lab air filtration system
  • Scopes
  • Sonicators and homogenizers
  • Autoclaves and sterilizers
  • Spectrophotometer and microarray equipment
  • Others
• Disposables
  • Pipettes
  • Tips
  • Tubes
  • Cuvettes
  • Dishes
  • Gloves
  • Masks
  • Cell imaging consumables
  • Cell culture consumables

Laboratory Supplies Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Laboratory Supplies Market

• Agilent Technologies Inc.
• Danaher Corporation
• Bio-Rad Laboratories, Inc.
• Bruker Corporation
• Fujifilm Holdings Corporation (Irvine Scientific Sales Company, Inc.)
• PerkinElmer Inc.
• Shimadzu Corporation
• Thermo Fisher Scientific, Inc.
• Waters 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.