Metal 3D Printing Market To Reap Over $15.28 Billion In Revenues By End Of 2028: Grand View Research Inc.

 

Metal 3D Printing Market Growth & Trends

The global metal 3D printing market is estimated to reach USD 15.28 billion by 2028, according to the new report by Grand View Research, Inc. The market is expected to register a CAGR of 22.9% from 2021 to 2028. Metal 3D printing is also referred to as Additive Manufacturing (AM) as it involves the successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes are built upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of metal and the unnecessary metal is ground out to obtain the desired object.

The metal 3D printing industry is estimated to exhibit significant growth throughout the forecast period owing to a combination of numerous factors such as growing demand for rapid prototyping, which allows the manufacturers to design and develop better products and systems. Additionally, the ease of manufacturing and added benefits offered by the 3D printing technology are the major factors behind the greater adoption of the technology across various industry verticals.

Metal 3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The automotive vertical happens to be the most significant adopter of the metal 3D printing technology and eventually leading to the largest market share of metal 3D printers for industrial applications over the forecast period. Additive manufacturing is anticipated to evolve over the forecast period.

The market is subject to witness a considerable economical appearance rather than being just a labor-intensive industrial manufacturing technique. Particularly in developing economies, such as Brazil, South Africa, and India, machining shops have managed to adopt alternative business models by installing 3D printers and offer related services, such as 3D printing materials, filaments, 3D modeling, and 3D printer software.

The metal 3D printing technology happens to be capital-intensive technology. At the same time, manufacturers are holding to their misconceptions about prototyping rather than realizing the advantages associated with metal 3D printing. Moreover, the market lacks the standard process controls and a skilled workforce required for metal 3D printing. These are some of the factors that are expected to restrain market growth. However, government initiatives aimed at increasing awareness and promoting the benefits of adopting metal 3D printers are expected to help in countering the market restraints.

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Metal 3D Printing Market Report Highlights

• North America accounted for the largest market share in 2019 owing to the early adoption of the technologies
• The U.S. being the highest revenue generating country in 2019 in the North America regional market, the region is predicted to exhibit steady growth over the forecast period
• Increasing adoption of metal 3D printers in the healthcare, automotive, and consumer electronics verticals is likely to drive the market growth significantly
• The Asia Pacific regional market, which is emerging as a manufacturing hub for several industry verticals, is forecast to grow significantly in future as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace and defense, and healthcare verticals to adopt metal 3D printing, particularly in countries, including China, Japan, and South Korea.

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Metal 3D Printing Market Segmentation

Grand View Research has segmented the global metal 3D printing market on the basis of component, technology, software, application, vertical, and region:

Metal 3D Printing Component Outlook (Revenue, USD Million, 2017 - 2028)

• Hardware
• Software
• Services

Metal 3D Printing Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Selective Laser Sintering
• Direct Metal Laser Sintering
• Inkjet Printing
• Electron Beam Melting
• Laser Metal Deposition
• Laminated Object Manufacturing
• Electron Beam Freeform Fabrication
• Selective Laser Melting

Metal 3D Printing Software Outlook (Revenue, USD Million, 2017 - 2028)

• Design Software
• Inspection Software
• Printer Software
• Scanning Software

Metal 3D Printing Application Outlook (Revenue, USD Million, 2017 - 2028)

• Functional Parts
• Tooling
• Prototyping

Metal 3D Printing Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• Automotive
• Aerospace & Defense
• Healthcare
• Consumer Electronics
• Power & Energy
• Others

Metal 3D Printing Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Metal 3D Printing Market

• Materialise NV
• 3D Systems, Inc.
• GE Additive
• Autodesk Inc.
• Optomec, 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.

Enterprise Data Management Market Revenue Sales to Reach USD 208.87 Billion by 2028: Grand View Research Inc.

 Enterprise Data Management Market Growth & Trends

The global enterprise data management market size is expected to reach USD 208.87 billion by 2028, registering a CAGR of 13.8% from 2021 to 2028, according to a new study by Grand View Research, Inc. The increasing need for on-time data delivery with accuracy is the major driving factor of the overall market growth. Enterprise Data Management (EDM) is a data management platform wherein the data is pulled across from multiple business and enterprise locations and siloes to a central hub. Therefore, it integrates with any database to store as well as fetch data. EDM allows organizations to implement effective data governance and data quality rules and norms. These rules help businesses and enterprises organize and manage their data better, and enable efficient data-based decision making.

EDM has various features such as flexibility to choose multiple deployment modes, and it help leverage industry standards, robust quality controls, and easy distribution functionalities. EDM generates a stable version of enterprise data in a visible and examined environment. Enterprise data management addresses the data availability concerns by procuring data from multiple locations and sources, and storing is in a single common platform. It benefits businesses and enterprises by offering unified integration with consuming applications, control of their data, augmented transparency, and support for ongoing regulations & compliances.

Organizations generate different types of data, including financial information, photos, graphics, videos, inventory numbers, mobile data, and social media data, from various organizational assets. All this data needs to be organized and secured and should also be easily accessible for the use of the enterprise. EDM solutions help in creating a process for delivering actionable insights from raw data, which may be unorganized or full of duplicates. EDM solutions also help in managing the data internally across departments in an efficient manner. The increasingly strong emphasis enterprises are putting on ensuring on-time qualified information is expected to drive the demand for enterprise data management solutions.

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Enterprise Data Management Market Report Highlights

• In terms of component, the services segment is anticipated to register considerable growth over the forecast period. Enterprise data management services help businesses in reducing operating expenses, enhancing operational efficiency, and focusing on their core competencies
• In terms of service, the professional services segment dominated the market in 2020 and is expected to retain its dominance over the forecast period. The increasing automation of professional services owing to the adoption of big data and analytics, coupled with the growing demand for improved mobility among service consultants, is anticipated to drive the growth of the segment
• In terms of deployment, the cloud segment is anticipated to register the highest CAGR from 2021 to 2028. Cloud-based solutions allow businesses to access data across connected devices at any point, which surges the scope for customization and enables the implementation of analytical tools across multiple business channels
• In terms of organization, the large enterprise segment is anticipated to register promising growth over the forecast period. This growth can be attributed to the rising demand for robust monitoring solutions and automation capabilities for resource allocation and strategic decision-making across large organizations
• In terms of industry vertical, the retail and consumer goods segment is expected to register a promising growth rate from 2021 to 2028. Companies operating in the retail and consumer goods industries have to manage vendors, customers, products, and Stock Keeping Units (SKUs) and are hence aggressively opting for efficient data management solutions
• In terms of region, the Asia Pacific regional market is expected to register a promising growth rate from 2021 to 2028. The growing popularity of cloud computing and arising need to improve operational efficiency in large enterprises and SMEs are expected to boost the demand for enterprise data management

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Enterprise Data Management Market Segmentation

Grand View Research has segmented the global enterprise data management market based on component, services, deployment, organization, industry vertical, and region:

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

• Software
• Services

Enterprise Data Management Services Outlook (Revenue, USD Million, 2018 - 2028)

• Managed Services
• Professional Services

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

• Cloud
• On-premise

Enterprise Data Management Organization Outlook (Revenue, USD Million, 2018 - 2028)

• Large Enterprise
• Small & Medium Enterprise

Enterprise Data Management Industry Vertical Outlook (Revenue, USD Million, 2018 - 2028)

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

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

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

List of Key Players of Enterprise Data Management Market

• International Business Machines Corporation
• Oracle Corporation
• SAP SE
• Cloudera, Inc.
• Amazon Web Services, Inc
• Teradata
• Talend
• Enterworks (Winshuttle, LLC)
• Informatica
• Micro Focus
• MindTree Ltd.
• Broadcom (Symantec)

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.

Satellite Communication Market to Reflect Robust Expansion During 2021-2028: Grand View Research Inc.

 Satellite Communication Market Growth & Trends

The global satellite communication market size is expected to reach USD 137.63 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.8% from 2021 to 2028. The growing adoption rate of small satellites in the defense industry for applications, including geospace and atmospheric research, tactical communication, and medium resolution imagery, is anticipated to propel the market growth. Besides, the escalating demand for satellite communication (SATCOM) solutions in the aviation sector for better airline operations and air traffic management is expected to boost the market growth in the forthcoming years.

With the rise of the 5G network and launches of several scheduled Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) satellites, the market for SATCOM is expected to grow at a significant pace in the forthcoming years. Additionally, the expansion of satellite communication into the connectivity market has influenced the SATCOM providers to increase the emphasis on securing the speed of deployment of the Internet of Things (IoT) across the globe. At present, there are around 2.7 million devices serviced by satellites, including infrastructure, aviation, environmental monitoring, shipping, and military support.

In recent years, SATCOM providers have been observed with a paradigm shift towards offering high-capacity satellite transponders in terms of bandwidth that are capable of better transponder throughput, thereby decreasing costs. A SATCOM transponder is a wireless communication, monitoring, and control device that detects and automatically reacts to an incoming signal. Furthermore, factors such as a rise in demand for corporate enterprise networks and consumer broadband and growing Ka-band and Ku-band services are expected to boost the satellite transponder segment demand in the overall market over the forecast period. Moreover, with the recent space development missions by various space organizations, including the National Space Administration of China and the Indian Space Research Organization of India, the overall market demand has witnessed considerable growth in the Asia Pacific region.

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Satellite Communication Market Report Highlights

• The SATCOM market is driven by the growing need for enriched data communication across the globe
• By component, the equipment segment is expected to register the highest CAGR from 2021 to 2028 owing to the benefits offered by SATCOM equipment, including locating undetected tunnels, integrating targets, and tracing movements
• In terms of vertical, the media and broadcasting segment held the largest market share in 2020 owing to the high penetration of satellite TV services across the globe
• The government and defense vertical segment is anticipated to register the highest CAGR of 11.6% over the forecast period primarily owing to the increasing use of satellite communication for military operations
• In 2020, North America held the largest share in terms of revenue, followed by Europe, owing to the increasing passenger traffic in marine and coastal tourism in the region. In addition, these regions are characterized by the presence of a large number of market players

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Satellite Communication Market Segmentation

Grand View Research has segmented the global satellite communication market on the basis of component, application, vertical, and region:

Satellite Communication Component Outlook (Revenue, USD Million, 2017 - 2028)

• Equipment
  • SATCOM Transmitter/Transponder
  • SATCOM Antenna
  • SATCOM Transceiver
  • SATCOM Receiver
  • SATCOM Modem/Router
  • Others
• Services

Satellite Communication Application Outlook (Revenue, USD Million, 2017 - 2028)

• Asset Tracking/Monitoring
• Airtime
  • M2M
  • Voice
  • Data
• Drones Connectivity
• Data Backup and Recovery
• Navigation and Monitoring
• Tele-medicine
• Broadcasting
• Others

Satellite Communication Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• Energy & Utility
• Government & Defense
  • Government
  • Emergency Responders
  • Defense
• Transport & Cargo
  • Fleet Management
  • Rail services
• Maritime
• Mining and Oil & Gas
  • Oil & Gas
  • Mining
• Agriculture
• Communication Companies
• Corporates/Enterprises
• Media & Broadcasting
• Events
• Aviation
• Environmental & Monitoring
• Forestry
• End User - Consumer
• Healthcare
• Others

Satellite Communication Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Satellite Communication Market

• SES S.A.
• Viasat, Inc.
• Intelsat
• Telesat
• EchoStar Corporation
• L3 Technologies, Inc.
• Thuraya Telecommunications Company
• SKY Perfect JSAT Group
• GILAT SATELLITE NETWORKS
• Cobham Limited

About Grand View Research

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

Cloud Computing Market Estimated to Experience a Hike in Growth by 2028: Grand View Research Inc.

 Cloud Computing Market Growth & Trends

The global cloud computing market size is expected to reach USD 1,251.09 billion by 2028, registering a CAGR of 19.1% over the forecast period, according to a new study conducted by Grand View Research, Inc. This growth can be attributed to several factors, including digital transformation across various industries, a surge in internet penetration, and big data consumption in various verticals. Increasing adoption of 5G, Internet of Things (IoT), and Artificial Intelligence (AI) is expected to further support the growth of the market for cloud computing.

The outbreak of the COVID-19 pandemic is likely to affect businesses drastically, stifling innovation, suppressing profitability, and drying up cash flow and financial reserves. IT and software development industries have also been facing challenges due to this unforeseen outbreak. However, the impact on the software industry, including cloud computing, has been relatively low. With the growing adoption of the work-from-home model, due to the second wave of the pandemic, the customers spending in Infrastructure-as-a-Service (IaaS) and Desktop-as-a-Service (DaaS) segments increased significantly.

In addition, with the growing number of remote workers due to this pandemic, more business is being conducted through email and collaboration tools, which is expected to drive market growth. Organizations are adopting cloud computing services as they provide insights into partnering tactics, go-to-market approaches, investments, alliance & acquisition strategies, and best operational practices. Moreover, these services help measure, correlate, and analyze business activities and ensure that company operations are in line with the customer demands.

Key vendors focus on introducing new cloud solutions, services, and workloads and upgrading of capabilities of their current offerings to strengthen their foothold in the market. Furthermore, vendors also engage in mergers and acquisitions to strengthen their market position and enhance their cloud capabilities. For instance, in July 2019, Google LLC acquired Elastifile, an enterprise cloud storage provider, to expand its cloud-based file storage capabilities for enterprise-grade applications. This acquisition helped extend the former company’s current file storage offerings, third-party partner offerings, and Cloud Filestore.

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Cloud Computing Market Report Highlights

• The IaaS segment is expected to register the highest CAGR over the forecast period owing to the increased adoption of multi-cloud due to benefits, such as scalability and fast data accessibility
• Small & Medium Enterprises (SMEs) is anticipated to emerge as the fastest-growing segment from 2021 to 2028 due to high demand for cloud computing in SMEs owing to reduced costs of IT hardware and software, improved processing capacity and elasticity of storage, and greater mobility of access to data and service
• The hybrid deployment segment is anticipated to register the second-fastest CAGR from 2021 to 2028 owing to the growth of cloud and industrialized services and decrease in traditional Data Center Outsourcing (DCO)
• Moreover, along with the flexibility to move workloads between private and public deployment depending on the computing needs, a hybrid deployment is expected to provide enterprises more data deployment options in the long run
• The manufacturing end-use segment is expected to register the highest growth rate over the forecast period. Owing to various functionalities, cloud computing aids manufacturers in utilizing multiple types of production systems, ranging from High-Performance Computing (HPC) and 3D printingto IoT and industrial robots
• Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to the increasing focus of SMEs and large enterprises to enhance their digital initiatives
• The growth in the IT services industry in markets, such as India, China, and other South Asian regions, is also expected to propel the regional market growth over the forecast period

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

Cloud Computing Market Segmentation

Grand View Research has segmented the global cloud computing market based on service, deployment, enterprise size, end use, and region:

Cloud Computing Service Outlook (Revenue, USD Billion, 2018 - 2028)

• Infrastructure as a service (IaaS)
• Platform as a service (PaaS)
• Software as a service (SaaS)

Cloud Computing Deployment Outlook (Revenue, USD Billion, 2018 - 2028)

• Public
• Private
• Hybrid

Cloud Computing Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2028)

• Large Enterprises
• Small & Medium Enterprises

Cloud Computing End Use Outlook (Revenue, USD Billion, 2018 - 2028)

• BFSI
• IT & Telecom
• Retail & Consumer Goods
• Manufacturing
• Energy & Utilities
• Healthcare
• Media & Entertainment
• Government & Public Sector
• Others

Cloud Computing Regional Outlook (Revenue, USD Billion, 2018 - 2028)

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

List of Key Players of Cloud Computing Market

• Adobe Inc.
• Alibaba Group Holding Limited
• com Inc.
• Google LLC
• International Business Machines Corporation
• Microsoft Corporation
• Oracle Corporation
• com Inc.
• SAP SE
• Workday, 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.

5G Infrastructure Market Get Facts About Business Strategies 2021 to 2028: Grand View Research Inc.

 5G Infrastructure Market Growth & Trends

The global 5G Infrastructure market size is expected to reach USD 80.5 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 49.8% from 2021 to 2028. The significant investments by communication service providers to deploy 5G infrastructure across the globe to provide improved data services are estimated to drive the market. Additionally, robust innovation in next-generation 5G network equipment and deployment module will help in bringing down the overall deployment costs for service providers. As a result, it is estimated to boost the deployment of 5G infrastructure over the forecast period.

Significantly growing demand for high bandwidth connectivity for several use cases, such as accessing ultra-high definition (UHD) videos, cloud-based AR/VR gaming, and HD video meetings, is expected to boost the market growth during the forecast period. Moreover, a wide range of industries including manufacturing, oil and gas, mining, and energy and utility are investing a massive amount in deploying 5G networks. The 5G network helps industrial facilities to enhance their overall productivity and operational efficiency. Thus, the growing need for high bandwidth capacity to establish unified connectivity to millions of Industrial IoT (IIoT) devices is expected to foster market growth from 2020 to 2027.

With the emergence of 5G technology, the transportation and logistics industry is shifting towards a significant transformation in order to build an autonomous ecosystem. Moreover, the deployment of a 5G network will help in delivering seamless data speed for various transport applications, including ships and ports, Vehicle-to-Everything (V2X), and drone connectivity. Moreover, a notable demand for high-speed bandwidth capacity for emergency healthcare applications, such as remote patient surgeries, is estimated to strengthen the market growth from 2020 to 2027. Besides, robust demand for 5G data services in rapidly building several smart cities for energy management and cloud storage applications is further anticipated to expand the market growth.

The ongoing pandemic of COVID-19 has shown an adverse impact on the market for the 5G infrastructure. Several telecom equipment manufacturers across the globe have temporarily halted the production and export of 5G equipment. Additionally, federal governments across key countries such as the U.S., France, the U.K., and Australia have temporarily postponed the 5G spectrum auctions in their countries. Further, the escalating trade war between the two largest economies, coupled with the rising security concerns, is estimated to hinder the market growth.

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5G Infrastructure Market Report Highlights

• Based on component, in the hardware segment, RAN held the largest share of 46.3% in 2019 owing to a significant rise in investments in deploying 5G cloud or centralized RAN across key countries, such as the U.S., the U.K., Japan, and China
• With the growing need to provide unified connectivity to several industrial sensors and collaborative robots, the industrial vertical segment is anticipated to witness considerable growth over the forecast period
• Robust investments in installing a 5G standalone network to deliver ultra-reliable low latency connectivity for connected vehicle applications are estimated to surge the growth of the standalone network architecture segment over the forecast period
• By spectrum, the sub-6 GHz segment held the dominant share of 94.7% in 2019, which is attributed to the high focus on releasing sub-6 GHz frequency bands by federal governments initially across key countries to deliver high-speed data services
• Leading players such as Telefonaktiebolaget LM Ericsson and Nokia Corporation are highly focused on establishing partnerships with leading service providers to enhance their geographical presence and overall market share

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5G Infrastructure Market Segmentation

Grand View Research has segmented the global 5G infrastructure market on the basis of component, spectrum, network architecture, vertical, and region:

5G Infrastructure Component Outlook (Revenue, USD Billion, 2018 - 2028)

• Hardware
  • Radio Access Network (RAN)
  • Core Network
  • Backhaul & Transport
• Services
  • Consulting
  • Implementation & Integration
  • Support & Maintenance
  • Training & Education

5G Infrastructure Spectrum Outlook (Revenue, USD Billion, 2018 - 2028)

• Sub-6 GHz
  • Low Band
  • Mid Band
• mmWave

5G Infrastructure Network Architecture Outlook (Revenue, USD Billion, 2018 - 2028)

• Standalone
• Non-standalone

5G Infrastructure Vertical Outlook (Revenue, USD Billion, 2018 - 2028)

• Residential
• Enterprise/Corporate
• Smart City
• Industrial
• Energy & Utility
• Transportation & Logistics
• Public Safety and Defense
• Healthcare Facilities
• Retail
• Agriculture
• Others

5G Infrastructure Regional Outlook (Revenue, USD Billion, 2018 - 2028)

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

List of Key Players of 5G infrastructure Market

• Huawei Technologies Co., Ltd.
• Samsung Electronics Co., Ltd.
• Nokia Corporation
• Telefonaktiebolaget LM Ericsson
• ZTE Corporation
• NEC Corporation
• Cisco Systems, Inc.
• Fujitsu Limited
• CommScope Inc
• Comba Telecom Systems Holdings Ltd.
• Altiostar
• Airspan Networks
• Casa Systems
• Hewlett Packard Enterprise Development LP
• Mavenir
• Parallel Wireless
• JMA Wireless
• Ceragon
• Aviat Networks, 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.

Peer-To-Peer Electric Vehicle Charging Market is Thriving USD 425,595.0 Thousand Revenue by 2028: Grand View Research Inc.

 Peer-To-Peer Electric Vehicle Charging Market Growth & Trends

The global peer-to-peer electric vehicle charging market size is expected to reach USD 425,595.0 thousand by 2028, registering a CAGR of 21.9% from 2021 to 2028, according to a new report by Grand View Research, Inc. To eliminate the range anxiety issues of Electric Vehicles (EV), various governments are emphasizing the provision of funds for the development of peer-to-peer networks. For instance, the Government of the U.S. has established the Northeast Corridor Regional Strategy, under which it provides support for various activities, such as the development of Electric Vehicle (EV) charging infrastructures and peer-to-peer (P2P)) electric vehicle charging networks.

Various governments have mandated allotting space for EV charging in the parking spaces of residential complexes, which is expected to create new growth opportunities for the market. For instance, in August 2019, the U.K. proposed EV charger mandates for offices and new homes. Under this regulation, residential buildings with more than ten parking spaces under major renovations are expected to have dedicated charging spaces for EVs. Additionally, large nonresidential buildings with 20 parking spaces are expected to have one EV charger by 2025.

Many companies are partnering with energy and utility companies to extend the reach of their peer-to-peer EV charging solutions. For instance, in January 2020, EVmatch announced a pilot project with utilities based in the U.S. state of Vermont, such as Burlington Electric Department and Green Mountain Power. The aim of this initiative is to offer a logistical, affordable, and simple way for property owners to make EV charging available to multi-family residences.

The outbreak of the COVID-19 pandemic is expected to trigger the sales of automobiles, including electric cars, as consumers would prefer traveling in their personal cars to avoid exposure to coronavirus. Initiatives such as protection against job losses, deferred payments, and benefits offered by finance companies, such as 0% financing, are also expected to encourage the adoption of electric vehicles and subsequently trigger the demand for EV charging stations. Thus, the COVID-19 outbreak is positively impacting the P2P electric vehicle charging market growth.

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Peer-To-Peer Electric Vehicle Charging Market Report Highlights

• The level 1 charger segment is anticipated to register a significant growth owing to the increasing number of multi-unit dwellings installing level 1 charging stations
• The commercial segment is projected to register the highest CAGR over the forecast period owing to the increasing focus of companies such as The Coca-Cola Company and General Motors on making EV charging stations at their facilities open to public
• European manufacturers of electric utilities, such as Copenhagen Electric and Stromnetz Hamburg, are collaborating to deliver e-roaming services to EV drivers through projects such as evRoaming4EU, which bodes well for the growth of the market in this region

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Peer-To-Peer Electric Vehicle Charging Market Segmentation

Grand View Research has segmented the global peer-to-peer electric vehicle charging market based on charger type, application, and region:

P2P Electric Vehicle Charging Charger Type Outlook (Revenue, USD Thousand, 2018 - 2028)

• Level 1
• Level 2

P2P Electric Vehicle Charging Application Outlook (Revenue, USD Thousand, 2018 - 2028)

• Residential
  • Private Homes
  • Apartments
• Commercial
  • Destination Charging Station
  • Fleet Charging Station
  • Workplace Charging Station
  • Others

P2P Electric Vehicle Charging Regional Outlook (Revenue, USD Thousand, 2018 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Netherlands
  • France
  • Norway
  • Germany
  • UK.
• Asia Pacific
  • China
  • South Korea
  • Japan
• Rest of the World

List of Key Players of Peer-To-Peer Electric Vehicle Charging Market

• Chargepoint Inc.
• ClipperCreek, Inc.
• Enel X
• EVBox
• EV Meter
• Greenlots
• has·to·be GmbH
• innogy
• Power Hero
• Webasto Group

About Grand View Research

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

Student Information System Market Outlook & Future Forecast Report Till 2028

 Student Information System Market Growth & Trends

The global student information system market size is expected to reach USD 25.66 billion by 2028, registering a CAGR of 16.6% from 2021 to 2028, according to a new study by Grand View Research, Inc. The market is witnessing significant growth owing to rapidly evolving education sector, increase in online education, and rising penetration of internet and mobile devices. An increase in the focus of educational institutions on imparting quality education and facilitating communication between students, parents, and faculty and the widespread government initiatives for technological upgrading of the education sector is expected to drive the usage of Student Information System (SIS) solutions. However, lack of awareness among institutions and dearth of digital infrastructure are the factors restraining the growth of the market.

SIS solutions are used by educational institutions/universities to collect, organize, and analyze data such as student attendance, class performance, examination results, assessment scores, and other personal information of students. The solutions aid educational institutions in managing student-related data and other administrative operations. In the age of digitalization, ubiquity of mobile devices, high internet penetration, and use of social media platforms, educational institutions are technologically upgrading their infrastructure. There has been unprecedented growth of online education owing to its greater flexibility, cost savings, and convenience compared to conventional classroom learning. The growing number of professional online certification courses and e-learning applications is likely to foster the SIS market growth to support such nontraditional educational programs in the long run.

Emerging technologies such as Artificial Intelligence (AI) and big data analytics embedded in the SIS systems can further increase operational efficiency and improve the digital interactive experience. Moreover, SIS solutions using Robotic Process Automation (RPA) or machine learning are able to reduce redundant staff labor by automating routine tasks, enabling staff to spend more qualitative time with students. Additionally, higher educational institutions are shifting to cloud infrastructure from their legacy on-premise deployments. Thus, Next-gen Digital Learning Environment (NGDLE), automation technologies, and cloud deployment are likely to propel the SIS market growth over the forecast period.

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Student Information System Market Report Highlights

• In terms of component, the service segment is anticipated to register considerable growth over the forecast period owing to the demand for software integration capabilities from educational institutions and consultancy and security services offered by SIS vendors. The shift from on-premise to cloud model is also expected to propel the growth of the segment
• The cloud deployment segment is likely to emerge as the fastest-growing segment from 2021 to 2028. The segment growth can be attributed to the increase in institutional agility, improvement in learning and teaching outcomes, and increase in personalization and student access
• The financial management application segment is expected to register the highest growth rate over the forecast period. High integration capabilities, artificial intelligence, and advanced analytics of the solutions offered by SIS vendors are the key factors propelling the growth of the segment
• The K-12 segment is expected to register a significant growth rate over the forecast period. Evolving student demographics, demand for skill-oriented education, increase in online and distance education in emerging economies such as Asia Pacific and Africa, and rise in e-learning mobile applications are some of the key factors driving the growth of the segment
• Asia Pacific is expected to emerge as the fastest-growing regional market owing to the increasing focus of educational institutions on e-learning initiatives and the adoption of digital infrastructure. The increase in adoption of technology among primary and higher educational institutes in emerging economies such as India, Brazil, and the Philippines is likely to boost the regional market growth over the forecast period

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Student Information System Market Segmentation

Grand View Research has segmented the global student information system market based on component, deployment, application, end-use, and region:

Student Information System Component Outlook (Revenue, USD Million, 2018 - 2028)

• Software
• Service

Student Information System Deployment Outlook (Revenue, USD Million, 2018 - 2028)

• Cloud
• On-premise

Student Information System Application Outlook (Revenue, USD Million, 2018 - 2028)

• Financial Management
• Student Management
• Admission & Recruitment
• Student Engagement & Support
• Others

Student Information System End-use Outlook (Revenue, USD Million, 2018 - 2028)

• K-12
• Higher Education

Student Information 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 & Africa (MEA)

List of Key Players in the Student Information System Market

• Oracle Corporation
• Workday Inc.
• SAP SE
• Jenzabar Inc
• Skyward, Inc.
• Illuminate Education
• Ellucian Company L.P
• Campus Management Corp.
• Foradian Technologies
• Beehively

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.

Electric Powertrain Market Is Projected To Reach Approximately USD 654.95 Billion By 2028: Grand View Research Inc.

 Electric Powertrain Market Growth & Trends

The global electric powertrain market size is expected to reach USD 654.95 billion by 2028, registering a CAGR of 33.5% over the forecast period, according to a new report by Grand View Research, Inc. The market for pure electric and plug-in hybrid vehicles has been growing significantly, in turn, creating an increasing demand for automotive electric powertrains. Governments in various countries are taking initiatives to promote the development of Electric Vehicles (EVs). For instance, in 2020, the U.S. Department of Energy announced a public investment of USD 400 billion in clean energy. The investment would help develop 500,000 charging outlets for electric vehicles by the end of 2030.

The rising sales of EVs have propelled prominent automotive component manufacturers to aggressively focus on developing essential EV components to gain a competitive edge. Prominent manufacturers in the market are primarily focusing on enhancing their facilities in countries, such as China and the U.S. For instance, in February 2020, Nidec Corporation invested around USD 1.8 billion to expand its EV powertrain business. The company’s three new facilities located in Poland, China, and Mexico would deliver up to 8.4 million electric motors every year.

Asia Pacific is projected to grow at a substantial CAGR over the forecast period owing to the increase in demand for EVs and the rise in the per capita income of people. Countries, such as China, South Korea, and India, are among the prominent manufacturers of automobiles. Stringent government regulations and emission norms, including BS-VI in India, are also expected to contribute to the growth of the Asia Pacific market. However, the COVID-19 pandemic has interrupted the ten consecutive years of robust growth of EVs, mainly impacting sales in countries, such as China. With factory shutdowns, declining vehicle sales, and decreasing use of public transit, the automotive supply chains have been heavily disrupted by the pandemic. Europe is a crucial market for electric powertrains and holds a substantial share of automotive production. Countries, such as Finland, Norway, Sweden, and the Netherlands, have the highest adoption rate of EVs in the world. This, along with the presence of several automotive OEMs, is estimated to drive market growth in Europe.

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Electric Powertrain Market Report Highlights

• The motor/generator component segment is anticipated to witness the fastest CAGR from 2021 to 2028
• The growth is credited to the increasing penetration of BEVs and PHEVs across the globe
• The HEV/PHEV segment is anticipated to witness the highest CAGR exceeding 36% over the forecast period
• This growth can be attributed to the charging flexibility benefits offered by these vehicles
• Asia Pacific is expected to expand at a high CAGR of more than 34% over the forecast period
• The regional market is driven by the increasing adoption of EVs in countries, such as China and India

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

Electric Powertrain Market Segmentation

Grand View Research has segmented the global electric powertrain market on the basis of electric vehicle, component, and region:

Electric Powertrain EV Outlook (Volume, Units; Revenue, USD Billion, 2016 - 2028)

• BEV
• HEV/PHEV

BEV Electric Powertrain, By Component (Volume, Units; Revenue, USD Billion, 2016 - 2028)

• Motor/Generator
• Battery
• Power Electronics Controller
• Converter
• Transmission
• On-Board Charger

HEV/PHEV Electric Powertrain, By Component (Volume, Units; Revenue, USD Billion, 2016 - 2028)

• Motor/Generator
• Battery
• Power Electronics Controller
• Converter
• Transmission
• On-Board Charger

Electric Powertrain Regional Outlook (Volume, Units; Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Norway
  • Sweden
• Asia Pacific
  • China
  • Japan
  • South Korea
• Rest of the World

List of Key Players of Electric Powertrain Market

• BorgWarner
• Bosch Ltd.
• Mitsubishi Electric Corp.
• Magna International Inc.
• Schaeffler AG
• ZF Friedrichshafen AG
• Valeo
• Nidec Corp.
• Continental AG
• Magneti Marelli CK Holdings

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.

Smart Retail Market Estimated to Experience a Hike in Growth by 2028: Grand View Research Inc.

 Smart Retail Market Growth & Trends

The global smart retail market size is expected to reach USD 134,347.9 million by 2028, registering a CAGR of 27.7% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. The growth is attributed to the Increasing adoption of latest technologies, such as Virtual Reality (VR), Augmented Reality (AR), Artificial Intelligence (AI), and Internet of Thing (IoT), to enhance in-store shopping experience, increasing investments in retail industry, and growing preference for cashless transactions. Moreover, retailers are increasingly adopting analytical solutions to ensure a competitive edge over their competitors by improving business operations and better understanding their customers. The growing adoption of analytics, which can potentially augment profitability across physical and online stores, is anticipated to drive the growth of the smart retail market over the forecast period. The potential use of robots for providing in-store customer service is also expected to contribute to the growth of the market.

The COVID-19 outbreak has significantly affected businesses such as conventional retail, travel, and manufacturing. However, it has opened new opportunities for healthcare, food delivery, e-commerce, smart retail, and online gaming. On the other hand, the supply chains are in jeopardy and product shortages are becoming evident due to the lockdowns imposed in various parts of the world. As consumers begin to lose trust, companies are finding new ways to cater to the changing customer expectations. Demand for smart retail is experiencing growth owing to lockdowns and social distancing rules by government bodies. Businesses that were earlier using offline retailing are now turning to digital operations. Though majority business sectors globally have experienced the negative effects of the pandemic; technologies such as smart retail can bring businesses back on track as it provides better safety and easy purchase for consumers.

The retail industry in North America and Europe is mature and highly competitive while Asia Pacific, Latin America, and the Middle East and Africa have been particularly decisive in driving the growth of the market. Economic growth and growing investments by retailers and international brands have changed the overall retail landscape. The rising customer spending, which accounts for more than two-thirds of the GDP, is especially encouraging for retailers. Additionally, the growing penetration rate of disruptive technologies, such as IoT, AI, VR, and AR, is also playing a niche role in reshaping the retail industry.

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Smart Retail Market Report Highlights

• The hardware segment dominated the market in 2020 and is expected to reach USD 82,522.7 million by 2028
• The visual marketing segment dominated the market in 2020. The segment is expected to reach USD 35,958.2 million by 2028
• North America is projected to account for the majority market share and is expected to reach USD 43,636.2 million by 2028
• Some of the prominent participants in the industry are Amazon.com, Inc.; NCR Corporation; PAX Global Technology Limited; Ingenico; Fiserv, Inc.; Google LLC; Honeywell International Inc.; Huawei Technologies Co., Ltd.; LG Display Co., Ltd.; Intel Corporation; Samsung Electronics; Verifone Systems; and IBM Corporation

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

Smart Retail Market Segmentation

Grand View Research has segmented the global smart retail market based on solution, application, and region:

Smart Retail Solution Outlook (Revenue, USD Million, 2018 - 2028)

• Hardware
• Software

Smart Retail Application Outlook (Revenue, USD Million, 2018 - 2028)

• Visual Marketing
• Smart Label
• Smart Payment System
• Intelligent System
• Others (Robotics, analytics)

Smart Retail 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 Smart Retail Market

• com, Inc.
• NCR Corporation
• PAX Global Technology Limited
• Ingenico, Fiserv, Inc.
• Google LLC
• Honeywell International Inc.
• Huawei Technologies Co., Ltd.
• LG Display Co., Ltd.
• Intel Corporation
• Samsung Electronics
• Verifone Systems
• IBM 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.