Productivity Management Software Market Outlook Growth Emerging Factors On Geography, Technological Advancements And Mounting Demand Forecast To 2028

 Productivity Management Software Market Growth & Trends

The global productivity management software market size is expected to reach USD 119.69 billion by 2028, registering a CAGR of 14.2% over the forecast period, according to a study conducted by Grand View Research, Inc. The main factors driving the growth of this market are digital transformation initiatives that have resulted in improved IT systems to meet customers’ diverse requirements; the need to encourage collaboration among teams and increase workforce utilization; and the growing use of advanced technologies, such as Artificial Intelligence (AI), cloud computing, and machine learning.

The productivity management software (PMS) solutions vary depending upon the organization’s various parameters, such as employee strength, organizational structure, and the departments where these solutions are implemented. Many providers are focusing on evolving technological trends and enhancing their software designs in line with the organizations’ changing requirements. Simultaneously, several companies are investing in R&D activities to provide solutions that increase productivity at work and are easy to deploy & understand.

For instance, on 1st March 2021, Google LLC (U.S.) announced a new version of its Google Workspace productivity suite named Workspace Frontline, which is designed especially for the frontline employees and offers a set of time management tools as a part of it. Moreover, enterprises are increasingly adopting cloud-based technology. A growing number of businesses are using cloud-based management tools to store their applications and data.

Cloud-based systems make it easier to plan, collaborate, monitor, and complete projects. Instead of using a plain old whiteboard and sticky notes, project managers complete work using a network of tools available within the software—PMS implementation varies depending on organization and team. However, it is intended to make project and deadline management more straightforward and more efficient. In addition, cloud-based PMS requires low maintenance.

North America led the global market in 2020 accounting for the highest revenue share of over39% and is projected to continue its dominance from 2021 to 2028. The region’s growth is predominantly attributed to the improved adoption of PMS solutions to manage repetitive tasks and the organizations’ extremely developing infrastructure. Furthermore, the amplified adoption of machine learning and AI technologies would leverage the market over the forecast period.

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Productivity Management Software Market Report Highlights

• The AI & predictive analytics segment is anticipated to register the fastest CAGR over the forecast period on account of the higher adoption of several risk analytics solutions for risk identification and risk mitigation measures
• Cloud is anticipated to be the largest as well as the fastest-growing deployment segment from 2021 to 2028. The cloud provides the pay-as-you-go model, allowing businesses to pay for cloud services based on how much they use them, resulting in lower costs
• Small & Medium Enterprise (SME) is anticipated to be the largest and fastest-growing enterprise segment over the forecast period
• Increasing product usage for easy operations and the growing number of SMEs across developing regions, such as Asia Pacific, are expected to boost the segment growth
• Asia Pacific is projected to be the fastest-growing regional market from 2021 to 2028. The rapidly growing industry verticals, such as Healthcare, IT and telecom, BFSI, are expected to support regional market growth

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Productivity Management Software Market Segmentation

Grand View Research has segmented the global productivity management software market on the basis of solution, deployment, enterprise, and region:

Productivity Management Software Solution Outlook (Revenue, USD Billion, 2018 - 2028)

• Content Management & Collaboration
• AI & Predictive Analytics
• Structured Work Management
• Other Solutions

Productivity Management Software Deployment Outlook (Revenue, USD Billion, 2018 - 2028)

• On-premise
• Cloud

Productivity Management Software Enterprise Outlook (Revenue, USD Billion, 2018 - 2028)

• Large Enterprise
• Small & Medium Enterprise

Productivity Management Software Regional Outlook (Revenue, USD Billion, 2018 - 2028)

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

List of Key Players of Productivity Management Software Market

• Google LLC
• Microsoft
• com, Inc.
• Slack Technologies, Inc.
• com
• IBM Corporation
• Oracle
• Pvt. Ltd.
• Adobe
• HyperOffice

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.

Property Management Software Market 2021-2028 Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 Property Management Software Market Growth & Trends

The global property management software market size is anticipated to reach USD 4.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.8% from 2021 to 2028. The increasing preference of owners and property managers for scalability is one of the key factors expected to boost the market growth. Also, factors such as rising infrastructure development, coupled with the need to maintain property-related documents for seamless functioning are anticipated to be one of the strongest growth boosters.

The demand for Property Management Software (PMS) has increased in the past few years for hotels and residential suites. Availability of internet bandwidth and virtual storage are a few of the factors influencing the demand in the hotel industry and residential sector. Also, the PMS in the residential suites has grown into a strategic position owing to developments in information and communications technology. Therefore, automation serves a wide array of PMS functions, including lease, notices, vacancy, invoice preparation, and circulars for the residential sector. PMS eliminates repetitive tasks, allows better communication, and standardizes hotel management.

Escalating demand for outsourcing services is another prominent factor positively affecting the growth. In recent years, several market players are focusing on offering technologically advanced PMS solutions such as cloud-based and AR-based solutions, which are quite tough to be managed in-house, as it involves a huge cost for recruiting a technically advanced workforce and spending on their training for the software. To overcome these challenges, numerous organizations outsource these services to PMS service providers. Moreover, an increase in outsourcing activities in Asia counties such as India and the Philippines from the Middle East and Western countries appears to be a significant contribution to regional market growth.

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Property Management Software Market Report Highlights

• The market for property management software is anticipated to witness substantial growth during the forecast period owing to the increasing investments in real estate and the rise in the demand for transparency in property management
• The cloud segment accounted for the largest market share in 2020, owing to factors such as scalability, ease of use, cost-effectiveness, and fewer disputes with tenants
• The property managers/ agents segment accounted for the largest market share in 2020, owing to an increasing number of commercial property and real estate developments across the globe
• The commercial segment is expected to register highest growth over the forecast period. Rising demand for cyber risk management and growing disposable income are the key factors expected to fuel investments in the commercial sector
• North America accounted for the largest revenue share in 2020, owing to the presence of prominent players offering PMS solutions/services in the region
• New product development and partnerships and collaborations remain the major strategy adopted by the leading service provider in the market

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Property Management Software Market Segmentation

Grand View Research has segmented the global property management software market based on deployment, application, end-user, and region:

Property Management Software Deployment Outlook (Revenue, USD Million, 2017 - 2028)

• Cloud
• On-premises

Property Management Software Application Outlook (Revenue, USD Million, 2017 - 2028)

• Residential
  • Multi-family Housing/ Apartments
  • Single-family Housing
  • Others
• Commercial
  • Retail Spaces
  • Office Spaces
  • Hotels
  • Others

Property Management Software End-user Outlook (Revenue, USD Million, 2017 - 2028)

• Housing Associations
• Property Managers/ Agents
• Property Investors
• Others

Property Management Software Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Property Management Software Market

• AppFolio, Inc.
• Console Australia Pty Ltd
• CORELOGIC
• Entrata, Inc.
• InnQuest Software
• IQware Inc.
• MRI Software LLC
• RealPage, Inc.
• Yardi Systems 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.

In-vehicle Payment Services Market Projected To Be Worth USD 12.16 Billion By 2028: Grand View Research Inc.

 In-vehicle Payment Services Market Growth & Trends

The global in-vehicle payment services market size is expected to reach USD 12.16 billion by 2028, registering a CAGR of 16.3% over the forecast period, according to a new report by Grand View Research, Inc. The increasing spending by automakers on enabling drivers to make payments and authenticate transactions from the vehicle itself coupled with the rising levels of disposable income, especially in the developed economies, and the growing preference for contactless payments are expected to drive the growth of the market over the forecast period. Busy schedules are prompting drivers to look forward to hassle-free experiences as part of an upgraded lifestyle.

At this juncture, the ability to shop, order, and pay on the go without performing any cash transactions for swiping credit/debit cards would allow commuters to save time and ensure a convenient commute. In-vehicle payment services offer drivers and passengers the convenience of making payments through various payment modes from the vehicle itself. The demand for these services is expected to increase over the forecast period in line with the proliferation of connected cars and the growing preference for advanced infotainment. Automakers, such as BMW AG, Mercedes-Benz, Ford Motor Co., Honda Motor Co. Ltd., General Motors Co., and Jaguar Land Rover Automotive PLC, have already started integrating in-vehicle payment services and solutions into their vehicle models.

Payment service providers, such as MasterCard, Visa, and PayPal, are also striking strategic partnerships and collaborations with automotive OEMs to deliver efficient in-vehicle payment platforms. The preference for contactless payments is growing due to the COVID-19 pandemic. As such, the majority of the parking systems, gas stations, and toll collection booths have already incorporated mobile payment technology. The popularity of e-wallets is rising owing to the convenience and ease of payment e-wallets can offer.

Digital wallet and online payment platforms, such as Google Pay, Amazon Pay, and Apple Pay, are also getting immensely popular and their adoption is expected to increase significantly over the forecast period. However, automotive OEMs are looking forward to designing and developing a payment ecosystem that would allow drivers and passengers to avail and pay for all the desired services, such as filling gasoline or charging electric cars, booking and paying for parking slots, paying tolls at toll booths, and ordering food and coffee, among others, without having to get out of the vehicle. Hence, the market is expected to grow significantly over the forecast period.

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In-vehicle Payment Services Market Report Highlights

• The global market was valued at USD 3,097.0 million in 2020 and is expected to register a CAGR of 16.3% from 2021 to 2028
• The credit/debit card segment dominated the market in 2020 and is estimated to generate a revenue of over USD 6,255.8 million by 2028
• North America accounted for the largest revenue share of the market in 2020 and will grow further at a steady CAGR retaining the leading position from 2021 to 2028
• Continued integration of the latest technologies in automobiles and the rising levels of disposable income are anticipated to drive the market growth in North America

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In-vehicle Payment Services Market Segmentation

Grand View Research has segmented the global in-vehicle payment services market on the basis of mode of payment, application, and region:

In-vehicle Payment Services Mode Of Payment Outlook (Revenue, USD Million, 2018 - 2028)

• NFC
• QR Code/RFID
• App/e-wallet
• Credit/Debit Card

In-vehicle Payment Services Application Outlook (Revenue, USD Million, 2018 - 2028)

• Parking
• Gas/Charging Stations
• Shopping
• Food/Coffee
• Toll Collection
• Others

In-vehicle Payment Services Regional Outlook (Revenue, USD Million, 2018 - 2028)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

List of Key Players of In-vehicle Payment Services Market

• BMW AG
• Daimler AG
• Ford Motor Co.
• General Motors Co.
• Honda Motor Co. Ltd.
• Hyundai Motor Co.
• Jaguar Land Rover Automotive PLC
• Volkswagen AG
• ZF Friedrichshafen AG
• Google
• Amazon
• Visa
• MasterCard
• PayPal

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.

E-commerce Fulfillment Services Market Forecasted to Grow at Steady Pace During 2021-2028: Grand View Research Inc.

 E-commerce Fulfillment Services Market Growth & Trends

The global e-commerce fulfillment services market size is anticipated to reach USD 168.72 billion by 2028, growing at a CAGR of 10% from 2021 to 2028, according to a new report by Grand View Research, Inc. The rapid penetration of internet services and the resulting rise in the number of online shoppers is the major factor driving the demand for e-commerce fulfillment services worldwide. The consumer expectations with regards to delivery time, shipping speed, and associated costs are changing rapidly. As per the GVR analysis, the major reason for consumers abandoning online shopping carts is delayed shipping. Therefore, established merchants, such as Amazon.com, Inc., have started delivering orders in the shortest turnaround time, in some cases within an hour across large cities.

This has been possible only because of the strategic location and positioning of fulfillment service centers. The growing demand for shorter delivery periods has augmented the need for micro warehouses with a wide geographical presence to ensure the order reaches the end-user in a short period. Picking and bundling plays a vital role in fulfilling the rapid delivery demand of customers. In addition, automated packaging and labeling solutions used at fulfillment centers help the staff in sorting, locating, sealing, packaging, and labeling products in a relatively lesser time, thereby accelerating the delivery process.

Over the years, e-commerce fulfillment service companies have gained significant momentum, especially with a rise in the number of e-commerce start-ups and fast-growing small- & medium-sized enterprises worldwide. These start-ups do not have an established distribution network and robust logistics or transportation infrastructure, owing to which, they extensively depend on third-party fulfillment service providers. However, service providers including ShipBob, Inc., ShipMonk, Red Stag Fulfillment, and Radial, among others are now providing a full suite of e-commerce fulfillment services including picking, packaging, warehousing, shipping, and reverse logistics like Amazon.com, Inc. Therefore, the advent of new businesses in the e-commerce market space is anticipated to boost the market growth over the forecast period.

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E-Commerce Fulfillment Services Market Report Highlights

• The market is anticipated to witness substantial growth during the forecast period due to the proliferation of the e-commerce industry, especially in emerging markets leading to an unprecedented rise in the number of online buyers
• The shipping fulfillment service segment accounted for the largest revenue share in 2019 owing to trade liberalization policies resulting in increased imports and exports of cross-border shipments worldwide
• The clothing and footwear application segment accounted for the largest revenue share in 2019 due to the growing acceptance of western culture and evolving fashion needs of the youth
• Asia Pacific dominated the global market and is expected to register the fastest CAGR from 2021 to 2028  due to the growth prospect offered by untapped markets (rural areas and tier 2 cities) in the region

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E-Commerce Fulfillment Services Market Segmentation

Grand View Research has segmented the global e-commerce fulfillment services market based on service type, application, and region:

E-Commerce Fulfillment Services Service Type Outlook (Revenue, USD Million, 2017 - 2028)

• Warehousing & Storage
• Bundling
• Shipping
• Others

E-Commerce Fulfillment Services Application Outlook (Revenue, USD Million, 2017 - 2028)

• Automotive
• Beauty & Personal Care
• Books & Stationery
• Consumer Electronics
• Healthcare
• Clothing & Footwear
• Home & Kitchen Application
• Sports & Leisure
• Others

E-Commerce Fulfillment Services Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of E-commerce Fulfillment Services Market

• com, Inc.
• Ingram Micro, Inc.
• Rakuten Super Logistics
• ShipBob, Inc.
• Shipfusion, Inc.
• Sprocket Express
• FedEx
• United Parcel Service of America, 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.

Virtual Events Market Pegged For Strong Growth During 2021-2028: Grand View Research Inc.

 Virtual Events Market Growth & Trends

The global virtual events market size is estimated to reach USD 504.76 billion by 2028, recording an estimated CAGR of 23.7% from 2021 to 2028, according to a new report by Grand View Research, Inc. The significant rise in business events and increasing adoption of virtual tools, infrastructure, and services by organizations for conducting or attending business meetings across the world is expected to keep the growth of the market high. Furthermore, rapid urbanization and continuous developments of technologies for the convenience of users are also anticipated to aid the growth of the market.

Virtual event platforms have been widely adopted by small and medium businesses for event outsourcing and analytics, content and social media development, access management, and event marketing. In December 2020, 6Connex launched a virtual winter event, Winter Celebration in Virtual Downtown Square that involved holiday-themed virtual venues, music, and movies for friends and families to connect and celebrate. The integration of Artificial Intelligence (AI) with business communication platforms has enabled professionals to save time, increase their productivity, and efficiently improve the workflow of the organization. The adoption of virtual events is surging across various industrial verticals, such as manufacturing, retail, media and entertainment, education and academics, and healthcare, among other prominent sectors.

The market has witnessed substantial growth due to the outbreak of the Covid-19 pandemic, as many organizations had to run their businesses through online platforms. Corporate meetings in various sectors are being conducted virtually to maintain the workflow. The healthcare industry largely deployed digital platforms to monitor patients remotely. In March 2020, Cisco Systems Inc. announced that its offerings, such as the Cisco Webex platform, enterprise solution for online meetings, video conferencing, and webinars, were being deployed by 17,000 healthcare organizations across 118 countries for offering telehealth services.

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Virtual Events Market Report Highlights

• Digital event providers are investing in advanced technology to cater to the growing demand of corporates and organizations from online platforms
• By service, the training service segment is anticipated to witness the fastest growth from 2021 to 2028
• The virtual exhibitions and tradeshows segment accounted for the largest revenue share of over 30.0% in 2020
• The Banking, Financial Services, and Insurance (BFSI) segment is anticipated to record the fastest CAGR over the forecast period
• The large-scale events use-case segment captured the largest revenue share in 2020 and is expected to maintain its dominance over the next seven years
• The Asia Pacific region is expected to register the fastest CAGR of over 26.0% from 2021 to 2028

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Virtual Events Market Segmentation

Grand View Research has segmented the global virtual events market based on event type, service, establishment size, end-use, application, industry vertical, use-case, and region:

Virtual Event Type Outlook (Revenue, USD Billion, 2016 - 2028)

• Internal
• External
• Extended

Virtual Events Service Outlook (Revenue, USD Billion, 2016 - 2028)

• Communication
• Recruitment
• Sales & Marketing
• Training

Virtual Events Establishment Size Outlook (Revenue, USD Billion, 2016 - 2028)

• SMBs
• Large Enterprises

Virtual Events End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• Educational Institutions
• Enterprises
• Organizations
• Others

Virtual Events Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Conferences
• Exhibitions/Trade Shows
• Summits
• Others

Virtual Events Industry Vertical Outlook (Revenue, USD Billion, 2016 - 2028)

• Banking, Financial Services, and Insurance (BFSI)
• Consumer Electronics
• Healthcare
• Information Technology (IT)
• Manufacturing
• Media & Entertainment
• Telecom
• Others

Virtual Events Use-case Outlook (Revenue, USD Billion, 2016 - 2028)

• Everyday Events
• Large-scale Events

Virtual Events Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of the Virtual Events Market

• 6Connex
• Cisco Systems, Inc.
• Cvent Inc.
• Microsoft Corporation
• On24, Inc.
• vFairs
• Zoom Communications, 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.

Fire Protection System Market Size Is Expected To Reach USD 114.9 Billion by 2028

 Fire Protection System Market Growth & Trends

The global fire protection system market is expected to reach USD 114.9 billion by 2028, registering a CAGR of 6.8% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing adoption of wireless technology in the fire protection system, growing human and property loss owing to fire breakouts, and stringent fire safety regulations are projected to fuel the market. Increasing implementation of building safety codes and renovation projects is also anticipated to be a major factor influencing the market growth. The application and usage of fire protection systems are anticipated to increase continuously with the developments of commercial entities and corporations.

Furthermore, technology enhancements, such as extinguishing technology based on mist and products, such as laser optical/infrared smoke detectors, alarms with embedded voice evacuation announcements, hypoxic air fire suppression systems, and wireless fire alarm systems, are expected to gain traction in the market globally. Moreover, in 2020, the market was adversely affected due to the COVID-19 crisis, which has interrupted production, impacted demand, and caused supply chain disruption. The growing trend of integrating fire alarm and detection systems with building automation systems offers vast growth opportunities to the market.

Connectivity with building automation systems is increasingly becoming a major feature of fire protection systems in commercial, industrial, and residential applications. This can be attributed to the fact that such integration allows for the development of systems that are capable of sharing and gathering data, which can help in alerting individuals about fire safety issues in the premises. A notable rise in investments in smart building automation technologies across several regions is expected to lead to new opportunities for building automation systems in the industrial and commercial sectors.

Consumers in developed regions, such as Europe and North America, have seen a steady rise in demand over the past few years, and the growth trend is also projected to continue over the next few years. However, a lack of stringent regulations and the high cost of advanced fire protection systems have kept the markets in emerging countries largely untapped. Nevertheless, improving economic conditions in countries, including Brazil and India, are anticipated to boost the demand for fire protection systems over the forecast period.

Infrastructural development activities across the Asia Pacific region owing to the rising demand for new transport and utility infrastructure will drive demand. The high rate of urbanization is placing increased pressure on under-invested, weak city infrastructure. The consecutive rise in focus on new residential and infrastructural development projects is expected to propel the demand for fire protection systems across this region; thus, such factors fueling the fire protection system market growth.

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Fire Protection System Market Report Highlights

• The fire detection product segment accounted for the largest revenue share in 2020 and is expected to retain the leading position over the forecast period
• The maintenance services segment is anticipated to register the fastest CAGR over the forecast period
• The demand for these services is often driven by new building construction activities, modernization activities, and demand for system upgrades
• The commercial application segment led the market in 2020 and is expected to retain the leading position throughout the forecast period
• Increasing investment by companies for reducing the loss of property & life and safeguarding the infrastructure across several applications is estimated to propel the product demand in the commercial sector
• North America is projected to account for the majority share of the market by 2028. The increasing demand for smart buildings and intelligent houses, which deliver optimum safety and security is expected to drive the regional market growth

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Fire Protection System Market Segmentation

Grand View Research has segmented the global fire protection system market based on product, service, application, and region:

Fire Protection System Product Outlook (Revenue, USD Million, 2018 - 2028)

• Fire Detection
• Fire Suppression
• Fire Response
• Fire Analysis
• Fire Sprinkler System

Fire Protection System Service Outlook (Revenue, USD Million, 2018 - 2028)

• Managed Service
• Installation & Design Service
• Maintenance Service
• Others

Fire Protection System Application Outlook (Revenue, USD Million, 2018 - 2028)

• Commercial
• Industrial
• Residential

Fire Protection System Regional Outlook (Revenue, USD Million, 2018 - 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 Fire Protection System Market

• GENTEX Corp.
• Siemens
• Robert Bosch GmbH
• Halma plc
• Eaton

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.

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

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

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

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

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.