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

 Software Consulting Market Growth & Trends

The global software consulting market size is expected to reach USD 539.18 billion by 2028, registering a CAGR of 12.0% from 2021 to 2028, according to a new study by Grand View Research, Inc. This growth is attributed to the myriad of benefits these solutions and services offer, such as optimizing business operations, minimizing wastage, and augmenting organizational revenues. These services also help organizations in identifying business growth opportunities and determining areas for cost efficiencies. The Covid-19 pandemic has affected market players as well as consultants.

However, consulting is one of the first markets to adopt remote working since consultants and vendors need to work from various parts of the world for their projects. The increasing adoption of advanced technologies and the current digitization trend have enabled software consulting to outlast these challenging times. Enterprises are increasingly adopting the latest technologies, such as cloud computing and mobile computing, which is anticipated to drive market growth.

The growing adoption and deployment of cloud technology can be attributed mainly to the growing interest of organizations in operational flexibility, business applications, and workload optimization hosted on a cloud computing environment. The high level of scalability &flexibility along with cost advantages offered by cloud computing is also influencing the migration to cloud platforms, thereby driving the market growth.

Market players are pursuing various growth strategies, including collaborations, partnerships, new product development, and mergers & acquisitions, to gain a competitive edge. For instance, in April 2019, CGI Group Inc. acquired Acando AB. Through this acquisition, the company aimed to enhance its IT consulting services, thereby helping clients with system integration, strategic consulting, and customer-centric digital innovation capabilities.

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Software Consulting Market Report Highlights

• The software security services segment is anticipated to register the highest CAGR from 2021 to 2028
• The segment growth can be credited to the increasing use of cloud servers to store information and the growing number of cyber attacks to gain unauthorized access to critical business information
• The large enterprises segment dominated the market in 2020 and will remain dominant over the forecast period due to high investments by large enterprises in advanced technologies to cope with the changing industry dynamics
• Healthcare is anticipated to emerge as the fastest-growing end-use segment over the forecast period
• The growing number of web and mobile applications has revolutionized the way hospitals diagnose their patients, people maintain their fitness, and health reports are generated, thereby driving the demand for consulting to provide technical support and troubleshooting services for clients
• Asia Pacific is expected to register the fastest CAGR from 2021 to 2028. High demand for web & mobile app design consultation to assist online businesses due to the rapidly expanding e-commerce sector is expected to drive the market in the region

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Software Consulting Market Segmentation

Grand View Research has segmented the global software consulting market on the basis of application, enterprise size, end-use, and region:

Software Consulting Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Enterprise Solutions
• Application Development
• Migration & Maintenance Services
• Design Services
• Application Testing Services
• Software Security Services
• Others

Software Consulting Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Large Enterprise
• Small & Medium Enterprises (SMEs)

Software Consulting End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• Automotive
• BFSI
• Education
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

Software Consulting Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Software Consulting Market

• Accenture PLC
• Atos SE
• Capgemini
• CGI Group, Inc.
• Clearfind
• Cognizant
• Deloitte Touche Tohmatsu Ltd.
• Ernst & Young LLP
• International Business Machines Corp.
• Oracle Corp.
• PricewaterhouseCoopers B.V.
• Rapport IT
• SAP SE

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.

China Testing, Inspection, And Certification Market Projected to Discern Stable Expansion by 2028

 China Testing, Inspection, And Certification Market Growth & Trends

The China testing, inspection, and certification market size is anticipated to reach USD 64.9 billion by 2028, according to a new report by Grand View Research. The market is anticipated to expand at a CAGR of 7.1% from 2021 to 2028. The high standards of living of Chinese citizens and increased focus of customers on quality and safety of food products and consumer goods such as toys, personal care & beauty products, and electrical and electronic appliances are driving the growth of the China testing, inspection, and certification (TIC) market. Furthermore, an increase in outsourcing of testing, inspection, and certification services by prominent companies operating in the manufacturing, automotive, and consumer goods application areas is projected to boost the growth of the market in China.

Furthermore, the TIC market is expected to grow at a faster pace in China owing to government investments in the transportation and energy sectors as well as the construction industry. The Chinese government has introduced favorable policies for international players to establish their foothold in the country to achieve progressive liberalization. The domestic players capture a majority share of the market in several Chinese provinces. The government has encouraged foreign investments by lifting the barriers for international TIC providers to enter and operate in the Mainland marketplace.

Previously, most companies in China conducted their testing, inspection, and certification operations in-house. However, with the growing acceptance of the China Compulsory Certification (CCC), a greater emphasis is placed on the need for strict regulatory standards and certifications and this has led to an increase in outsourcing activities of TIC in China due to cost benefits. This growing trend of outsourcing TIC services is anticipated to further drive the growth of the market over the forecast period due to the increased accessibility of the domestic market for international players and the provision of cost-effective solutions by the TIC service providers.

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China Testing, Inspection, And Certification Market Report Highlights

• The Chinese TIC market is witnessing considerable growth owing to an increasing number of investments from international incumbents
• The inspection service segment is expected to expand at the highest CAGR of 8.1% over the forecast period
• TIC forms an integral part of the infrastructure and transportation sectors in China and hence, the growth of the two sectors is expected to drive the demand for testing inspection, and certification activities

Access Press Release@ https://www.grandviewresearch.com/press-release/china-testing-inspection-certification-tic-market-analysis

China Testing, Inspection, And Certification Market Segmentation

Grand View Research has segmented the China testing, inspection, and certification market based on service, sourcing type, and application:

China TIC Service Outlook (Revenue, USD Billion, 2018 - 2028)

• Testing
• Inspection
• Certification

China TIC Sourcing Type Outlook (Revenue, USD Billion, 2018 - 2028)

• In-house
• Outsourced

China TIC Application Outlook (Revenue, USD Billion, 2018 - 2028)

• Consumer Goods & Retail
  • Personal Care & Beauty Products
  • Hard Goods
  • Soft-liners & Accessories
  • Toys & Juvenile Products
  • Electrical & Electronics
  • Others (Detergents and Non-woven products)
• Agriculture & Food
  • Seed & Crop
  • Fertilizers
  • Commodities
  • Beverages
    • Alcoholic
      • Beer
      • Spirits
      • Wine
      • Others (Cider and Cocktails)
    • Non-alcoholic
      • Carbonated soft drinks
      • Fruit drinks
      • Bottled water
      • Functional beverages
      • Sports drinks
      • Others (Milk-based drinks)
    • Others (Forestry and Food packaging)
  • Chemicals
    • Asset Integrity Management Services
    • Project Life Cycle Services
    • Finished Product Services
    • Chemical Feedstocks Services
    • Others (Lab design and Operation & Commissioning)
  • Infrastructure
    • Project Management
    • Material Services
    • Construction Machinery & Equipment Services
    • Facilities Management & Inspection Services
    • Others (Supply Chain Services and Quality Health & Safety)
  • Energy & Power
    • Energy sources
      • Nuclear
      • Wind
      • Solar
      • Alternative fuels
      • Fuel Oil & Gases
      • Coal
      • Hydropower
      • Others (Geothermal energy, Tidal energy)
    • Power generation
    • Power Distribution
    • Asset Integrity Management Services
    • Project Life Cycle Services
    • Others (Technical Staffing and Quality & Safety)
  • Manufacturing
    • Suppliers Related Services
    • Production & Products Related Services
    • Projects Related Services
    • Others (Logistics and Safety)
  • Healthcare
    • Medical Devices
    • Health, Beauty, and Wellness
    • Clinical Services
    • Laboratory Services
    • Biopharmaceutical & Pharmaceutical Services
    • Others (Training and Staffing)
  • Mining
    • Inspection & Sampling Service
    • Analytical Service
    • Exploration Service
    • Metallurgy & Process Design
    • Production & Plant Services
    • Project Risk Assessment & Mitigation
  • Oil & Gas and Petroleum
    • Upstream
    • Midstream
    • Downstream
    • Biofuels & Feedstock
    • Petrochemicals
    • Asset Integrity Management Services
    • Project Life Cycle Services
    • Others (Functional safety services)
  • Public Sector
    • Product Conformity Assessment
    • Monitoring Services
    • Valuation Services
    • Others (Road Safety Traffic, E-government, and Technical Verification Programs)
  • Transportation
    • Automotive
      • Electrical Systems & Components
      • Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
      • Telematics
      • Fuels, Fluids, and Lubricants
      • Interior and Exterior Materials and Components
      • Vehicle Inspection Services (VIS)
      • Homologation Testing
      • Others (Aftermarket distribution)
    • Aerospace & Defense
      • Services for Airports
      • Services for Aviation
      • Services for Aerospace
    • Marine
      • Marine Fuel Systems & Component Services
      • Ship Classification Services
      • Marine Materials & Equipment Services
      • Others (Cargo, Crane, and Vessel)
    • Rail
      • Rail Testing Services
      • Rail Inspection Services
      • Rail Certification Services
      • Others (Lab Testing and Supplier Accreditation)
    • Supply Chain & Logistics
      • Packaging & Handling
      • Risk Management
      • Others (Audits, Certification, and Training)
    • Others

List of Key Players in the China Testing, Inspection, And Certification Market

• AsureQuality Limited
• Bureau Veritas SA
• DEKRA SE
• DNV GL Group AS
• Intertek Group PLC
• Lloyd’s Register Group Limited
• SGS S.A
• TUV Rheinland AG Group
• Underwriters Laboratories Inc.
• Asia Quality Focus
• HQTS Group Ltd.
• InTouch Services Ltd.
• China Inspection Co., Ltd.
• Centre Testing International
• China Certification & Inspection Group
• Asia Quality Control
• V-Trust
• TUV SUD
• TUV Nord
• American Bureau of Shipping
• Hartford Steam Boiler
• Larsen & Toubro
• Asia Inspection
• China Building Material Test & Certification Group Co. Ltd.
• China Special Equipment Inspection and Research Institute
• China Classification Society

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.

Cooling Towers Market Expectations Acme Prominent Development in Developed Regions

 Cooling Towers Market Growth & Trends

The global cooling towers market is expected to reach USD 4.75 billion by 2028, according to a new report conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.1% from 2021 to 2028. Cooling towers are used in power plants, particularly in thermoelectric power plants, to remove excess heat from the plant. With the rising global demand for electricity, the number of power plants is also expected to increase, thereby driving growth of this market.

Furthermore, a tremendous rise in the number of construction activities across the residential and commercial sectors in developing countries is expected to boost the demand for this product. Additionally, rapid global industrialization is also a key driver expected to favorably impact the cooling towers market growth over the forecast period.

Technological advancements are expected to provide improved cooling capacity, minimum components, improved installation & energy savings, and low maintenance cost, which is further anticipated to escalate market growth in the near future. Moreover, stringent government regulations relating to the use of cooling towers across different regions is also expected to positively impact market growth.

However, environmental concerns related to cooling towers such as plume, drift, and water contamination are anticipated to moderately hamper the market demand. Nevertheless, the emergence of plume abated towers and drift eliminators is expected to overcome these environmental concerns and drive market growth in the near future.

Energy-efficient towers provide optimal cooling while exhibiting eco-friendly properties. These facilitate in water conservation, provide high-efficiency motors in order to cut down on the operating cost, and reduce environmental concerns. These environmental benefits are also expected to drive the demand for the product.

HVAC systems are generally implemented in commercial spaces, large offices, and shopping malls. Cooling towers are a mandatory component of an HVAC system, which is used to remove excess heat from the building. The increasing rate of urbanization and enhanced standard of living are expected to lead to the large-scale implementation of HVAC systems, thereby driving the market growth globally.

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Cooling Towers Market Report Highlights

• The closed-circuit type segment captured over 30% of the total revenue in 2016; however, hybrid type is anticipated to exhibit a substantial growth at a CAGR exceeding 4% from 2017 to 2025. This growth is attributed to their increasing adoption across various end-use industries.
• The Fiber-Reinforced Plastic (FRP) material segment accounted for over 20% of the total market share in 2016. However, High-Density Polyethylene (HDPE) material segment is projected to register a significant CAGR exceeding 5.0% from 2017 to 2025, owing to various benefits including high corrosion resistance, low maintenance cost, and long service life.
• Cooling towers have a wide scope for application in HVAC equipment and power plants due to their ability to remove excess heat. As a result, the HVAC segment is anticipated to capture a sizeable market share over the forecast period.
• Asia Pacific has emerged as the fastest-growing market and is expected to witness a healthy CAGR of over 5.0%, which is primarily accredited to the rapid industrialization in this region.

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

Cooling Towers Market Segmentation

Grand View Research has segmented the cooling towers market on the basis of type, material, application, and region:

Cooling Towers Type Outlook (Revenue, USD Million, 2018 - 2028)

• Open-circuit
• Closed-circuit
• Hybrid

Cooling Towers Material Outlook (Revenue, USD Million, 2018 - 2028)

• Fiber Reinforced Plastic (FRP)
• Steel
• Concrete
• Wood
• High-Density Polyethylene (HDPE)

Cooling Towers Application Outlook (Revenue, USD Million, 2018 - 2028)

• HVAC
• Power Generation
• Oil & Gas
• Industrial

Cooling Towers Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of the Cooling Towers Market

• SPX Corporation
• Babcock & Wilcox Enterprises, Inc.
• Baltimore Aircoil Company
• EVAPCO, Inc.
• A. Hamon
• Engie Refrigeration GmbH
• Paharpur Cooling Towers

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.

Flow Meter Market to Undertake Strapping Growth By 2028

 Flow Meter Market Growth & Trends

The global flow meter market size is estimated to reach USD 12.99 billion by 2028, according to the new report conducted by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2021 to 2028. The penetration of IoT has helped the evolution of smart flow rate measurement solutions, leading to an increased demand for intelligent flow meters. The adoption of flow meters is expected to increase as rapid urbanization triggers the need for better water and wastewater management.

The advancements in technology have made ultrasonic and Coriolis flow meters more reliable and accurate than their counterparts. The integration of IoT in flow rate measurement solutions has helped transform Coriolis meters into intelligent flow meters. Hence, the adoption of these meters is expected to grow significantly over the forecast period. Besides, extensive adoption of Coriolis flow meters by the oil and gas, chemical, and refinery sectors is projected to drive the growth of the overall product segment over the forecast period.

The water and wastewater segment is expected to witness robust growth over the forecast period owing to rapid urbanization in various parts of the world, particularly in Asia Pacific, South America, and Africa. These regions have aggressively started to adopt efficient solutions for the treatment, control, monitoring, and regulation of water supplies and management of wastewater, thereby driving the demand for flow rate measurement solutions and instruments.

Europe dominated the global market in 2020 as the region is home to several manufacturers and product innovators of flow rate measurement solutions and services, including flow meters. However, APAC is expected to witness the highest growth rate over the forecast period owing to the rapid urbanization underway in APAC countries, which would subsequently trigger the need for adequate power generation and efficient water and wastewater management. The market in India is likely to witness a significant boost over the forecast period on account of the growing need for expanding fuel refining capacity in the country.

With emerging economies in the Asia Pacific such as China, India, and other Southeast Asian nations witnessing rapid industrialization, regional manufacturers and providers of flow rate measurement solutions are forming collaborations and partnerships with global players to cash in on opportunities prevailing in the regional as well as global markets. Regional players are also improving their customer engagement activities and enhancing their portfolio of products and services.

Moreover, General Electric (U.S.), ABB Ltd. (Switzerland), Emerson Electric Corporation (U.S.), Yokogawa Electric Corporation (Japan), and Hitachi High-Tech Corporation (Japan) are some of the major providers and vendors of flow rate measurement solutions. Market players are constantly emphasizing product innovation and enhancing their products and solutions. With the lucrative opportunities, the oil and gas, petroleum, chemicals, and water and wastewater management sectors offer, manufacturers, focus on meeting the various requirements of these sectors in particular.

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Flow Meter Market Report Highlights

• The market for the flow meter is anticipated to witness substantial growth during the forecast period due to the integration of IoT in flow meters, which has led to the introduction of smart flow rate measurement solutions
• Custody transfer application in the oil and gas sector is one of the key applications creating lucrative opportunities for ultrasonic and Coriolis flow meters
• The water and wastewater segment is anticipated to witness substantial growth during the forecast period owing to the increasing initiatives taken by several governments for water and wastewater management
• The Asia Pacific is expected to expand at the fastest CAGR over the forecast period owing to substantial demand and adoption of flow meters in various application sectors, particularly in China, India, and Southeast Asian countries
• Businesses in Middle Eastern countries such as Iran, Iraq, and Syria are highly vulnerable to political instability. Businesses in other Middle Eastern countries such as UAE, Saudi Arabia, Oman, and Qatar focus on expanding their presence by establishing friendly relations with eminent manufacturers in Western countries
• Key market participants are ABB Ltd., Emerson Electric Corporation, General Electric, Krohne Messtechnik Gmbh, HÖNTZSCH GMBH & CO. KG, Hitachi High-Tech Corporation, Yokogawa Electric Corporation, and Siemens

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

Flow Meter Market Segmentation

Grand View Research has segmented the global flow meter market based on product, application, power type, pipe size, and region:

Flow Meter Product Outlook (Shipment, Units; Revenue, USD Million, 2017 - 2028)

• Differential Pressure (DP)
• Positive Displacement (PD)
• Magnetic
  • Wired
  • Wireless
• Ultrasonic
• Coriolis
• Turbine
• Vortex
• Others

Flow Meter Application Outlook (Volume, Shipment Units; Revenue, USD Million, 2017 - 2028)

• Water & Wastewater
• Oil & Gas
• Chemicals
• Power Generation
• Pulp & Paper
• Food & Beverage
• Others

Flow Meter Power Type Outlook (Volume, Shipment Units; Revenue, USD Million, 2017 - 2028)

• Electric
• Solar
• Battery Powered

Flow Meter Pipe Size Outlook (Volume, Shipment Units; Revenue, USD Million, 2017 - 2028)

• 2 inches
• 4 inches
• 6 inches
• More than 6 inches

Flow Meter Regional Outlook (Volume, Shipment Units; Revenue, USD Million, 2017 - 2028)

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

List of the Key Players of the Flow Meter Market

• ABB Ltd.
• Emerson Electric Corporation
• em-tec GmbH
• Endress+Hausar AG
• General Electric
• Hitachi High-Tech Corporation
• Honeywell International Inc.
• HÖNTZSCH GMBH & CO. KG
• Krohne Messtechnik Gmbh
• Siemens
• Yokogawa Electric 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.

Global Demand for Data Preparation Tools Market Increasing in Most Part of World 2028

 Data Preparation Tools Market Growth & Trends

The global data preparation tools market size is anticipated to reach USD 12.89 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 18.6% from 2021 to 2028. Data preparation tools can help organizations augment their efficiency by ensuring easy access to data. The increasing demand for data analytics, particularly in the IT and retail sectors, is expected to drive the demand for data preparation tools.

The growth of the market can be attributed particularly to the capabilities of self-service data preparation tools to ensure easy interchangeability, collaboration, and profiling of data as well as to address the concerns associated with the safety of the data. Demand for self-service data preparation tools would continue to increase as data analytics companies continue to demand efficient solutions to access and analyze large volumes of data.

On-premise deployment of data preparation tools accounted for the largest revenue share in 2020 as organizations preferred to adopt conventional data collection and preparation techniques. However, the demand for deployment of data preparation tools over the cloud is expected to grow over the forecast period, as cloud deployment can ensure easy access to data via virtual sources.

Data preparation tools help enterprises collect, analyze, and standardize data. The data collection sub-segment accounted for the largest market share of more than 27% in 2020. However, the market size of the data governance sub-segment is expected to increase noticeably over the forecast period.

The North America sub-segment accounted for the largest share of the market for data preparation tools in 2020. Demand for data preparation tools is expected to increase over the forecast period in line with the growing adoption of data preparation tools for data analytics in the U.S. However, the market size of the Asia Pacific sub-segment is expected to register the highest CAGR over the forecast period.

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Data Preparation Tools Market Report Highlights

• The demand for data preparation tools is expected to increase as various companies jointly adopt data governance initiatives
• The market size of the IT and telecom sub-segment is expected to expand at a CAGR of 20.1% over the forecast period
• The market size of the Asia Pacific sub-segment is expected to witness significant growth over the forecast period owing to the large-scale adoption of data preparation tools in retail analytics
• Alteryx, Inc.; Datawatch Corporation; Informatica Corporation; International Business Machines Corporation; Microsoft Corporation; MicroStrategy Incorporated; Qlik Technologies Inc.; SAP SE; SAS Institute Inc.; and Tibco Software Inc. are some of the key players in the market

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

Data Preparation Tools Market Segmentation

Grand View Research has segmented the global data preparation tools market based on platform, function, deployment, vertical, and region:

Data Preparation Tools Platform Outlook (Revenue, USD Million, 2018 - 2028)

• Self-service
• Data Integration

Data Preparation Tools Function Outlook (Revenue, USD Million, 2018 - 2028)

• Data Collection
• Data Cataloging
• Data Quality
• Data Governance
• Data Ingestion
• Data Curation

Data Preparation Tools Deployment Outlook (Revenue, USD Million, 2018 - 2028)

• On-premise
• Cloud

Data Preparation Tools Vertical Outlook (Revenue, USD Million, 2018 - 2028)

• IT and Telecom
• Retail and E-commerce
• BFSI
• Government
• Healthcare
• Energy and Utilities
• Transportation
• Manufacturing
• Others

Data Preparation Tools Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of the Data Preparation Tools Market

• Alteryx, Inc.
• Datawatch Corporation
• Informatica Corporation
• International Business Machines Corporation
• Microsoft Corporation
• MicroStrategy Incorporated
• Qlik Technologies Inc.
• SAP SE
• SAS Institute Inc.
• Tibco Software 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.

U.S. Digital Signage Market Plying for Significant Growth During 2021-2028: Grand View Research Inc.

 U.S. Digital Signage Market Growth & Trends

The U.S. digital signage market size is anticipated to reach USD 8.0 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.0% from 2021 to 2028. The demand is expected to increase as advertisers, enterprises, and corporates are increasingly adopting digital signage to promote and distribute content. Advancements in display technology are also likely to drive the market. Furthermore, the increasing demand for digital signage solutions from the industries such as healthcare, transportation, hospitality, and retail, is likely to propel the market growth over the forecast period.

The growing adoption of digital signage is due to the increasing demand for advertising content with enhanced quality and better sharpness. The rising demand for 4K embedded digital displays is addressing the increase in the need for enhanced sharp images. Digital signage above 52 inches is poised to gain popularity over the forecast period due to their increasing popularity among advertisers for outdoor advertising.

Besides, software providers focus on providing design solutions compatible with multiple operating systems, to new entrants in the digital signage industry. The design solution providers target new entrants with solutions compatible with different operating systems. They are particularly offering cloud-based design solutions that can aid in managing advertising content being displayed on digital signage.

The operational cost of companies is reduced by cutting down the use of paper for advertisement and deviating from traditional marketing activities. The combination of LED-backlit panels is resulting in substantial energy savings. A decrease in energy consumption owing to the adoption of enhanced technologies such as LED is attracting enterprises to elect for digital signage.

The West region accounted for the largest market share in 2020. It is estimated to remain the highest revenue-generating regional market until 2028. The Midwest region is projected to exhibit the highest CAGR during the forecast period owing to burgeoning sales of digital signage in multiple verticals of various states.

Furthermore, the software providers are focusing on the new entrants of the digital signage industry by providing design solutions that are compatible with the Android operating systems. The use of digital signage helps in optimizing and reducing the company’s long-term operational spending. This drop in the operational expenditure is due to avoiding the use of paper for advertisement purposes and frequent damages and changes that are associated with the traditional marketing activities.

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U.S. Digital Signage Market Report Highlights

• The LCD technology segment commanded the leading market share in 2020, owing to the lower manufacturing cost and benefits associated with the LCD technology
• The retail industry was the most prominent application segment in the market in 2020. It is estimated to maintain its position through to 2028, as there is high competition in the industry, which augments the need for an innovative advertising medium
• In terms of display, the transparent LED screens segment is projected to witness the highest CAGR during the forecast period as the high level of transparency and resolution offered by them proves to be lucrative for advertisers.
• The hardware segment, which includes displays and media players, is anticipated to dominate the market throughout the forecast horizon as users remain keen on adopting different types of displays
• The out-store segment is expected to witness a considerable growth rate owing to the growing adoption of digital signage in various outdoor applications
• The West was the highest revenue-generating region in 2020 owing to the adoption of digital signage across applications. The region comprises the largest number of digital signage companies manufacturing electronic display products, which is expected to further fuel the growth

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U.S. Digital Signage Market Segmentation

Grand View Research has segmented the U.S. digital signage market based on component, hardware components, display type, display technology, display size, software, application, location, and region:

U.S. Digital Signage Component Outlook (Revenue, USD Million, 2017 - 2028)

• Hardware
• Software
• Services

U.S. Digital Signage Hardware Components Outlook (Revenue, USD Million, 2017 - 2028)

• Displays
• Media Players & Extenders
• Others (Mounting Devices & Components)

U.S. Digital Signage Display Type Outlook (Revenue, USD Million, 2017 - 2028)

• Video Walls
• Video Screens
• Transparent LED Screens
• Digital Posters
• Kiosks
• Others

U.S. Digital Signage Display Technology Outlook (Revenue, USD Million, 2017 - 2028)

• LCD
• LED
• Projection

U.S. Digital Signage Display Size Outlook (Revenue, USD Million, 2017 - 2028)

• Below 32 Inches
• 32 to 52 Inches
• More than 52 Inches

U.S. Digital Signage Software Outlook (Revenue, USD Million, 2017 - 2028)

• Display Software
• Audience Analytics & Engagement Software

U.S. Digital Signage Application Outlook (Revenue, USD Million, 2017 - 2028)

• Retail
• Hospitality
• Entertainment
• Stadiums & Playgrounds
• Corporate
• Banking
• Healthcare
• Education
• Transportation

U.S. Digital Signage Location Outlook (Revenue, USD Million, 2017 - 2028)

• In-store
• Out-store

U.S. Digital Signage Regional Outlook (Revenue, USD Million, 2017 - 2028)

• Northeast
  • New York
  • Maryland
  • Pennsylvania
• Southeast
  • Florida
  • North Carolina
• West
  • California
  • Idaho
  • Nevada
• Midwest
  • Illinois
  • Ohio
  • Nebraska
  • Minnesota
• Southwest
  • Texas

List of Key Players of U.S. Digital Signage Market

• NEC Display Solutions of America, Inc.
• BrightSign LLC
• Planar System Inc.
• Cisco Systems, Inc.
• Intel Corporation
• Microsoft Corporation
• Keywest Technology, Inc.
• Scala, Inc.
• Visix, Inc.
• Panasonic Corporation of North America
• Hughes Network Systems LLC

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.

Medical Supply Delivery Service Market Revenue is Expected to Reach USD 101.3 Billion by 2028: Grand View Research Inc.

 Medical Supply Delivery Service Market Growth & Trends

The global medical supply delivery service market size is expected to reach USD 101.3 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.3% from 2021 to 2028. The growing need for ensuring quick, safe, and secure transportation of samples and specimens for testing, reducing logistics costs, and increasing focus on improving the healthcare system is increasing the demand for medical supply delivery services. The increasing incidence of road accidents owing to various factors leading to blood loss and immediate requirement for blood is boosting the market growth. Furthermore, the growing geriatric population, rising incidence of diabetes and hypertension, and the rising surgical procedures for organ transplants are driving the market growth.

The medical supplies application segment accounted for the largest revenue share in 2020 owing to the increasing incidence of chronic diseases, rise in the number of surgical procedures, growing geriatric population, and the increase in the prevalence of chronic diseases across the globe. The lab specimens and reports segment is expected to exhibit the fastest growth rate during the forecast period owing to the growing prevalence of COVID-19 and increasing demand for testing services to combat the disease spread. In addition, the segment is expected to witness an increase in the adoption of these services for the timely supply of time-sensitive samples to avoid contamination.

In 2020, the courier delivery mode of service segment held the largest revenue share due to the rise in demand for medical couriers for transporting confidential and time-sensitive health care items to the end-users. It will include prescription medications, paperwork, medical specimens, lab work, infusion medicine, equipment, and supplies. The drone delivery segment is anticipated to register the fastest growth rate during the forecast period. It is due to the increase in the adoption of drones for timely and contactless transportation of emergency supplies to urban and rural areas, where transportation is expected to be challenging.

The pharmacies end-user segment accounted for the largest revenue share in 2020 owing to the rising prevalence of chronic diseases, technological advancements, increasing demand for drugs and vaccines, and rising adoption of these services to support last-mile delivery of prescription-based and other medications. The patients segment is anticipated to be the fastest-growing segment during the forecast period owing to the increasing prevalence of chronic conditions and growing demand for at-home delivery to avoid in-person visits to pharmacies.

In 2020, Asia Pacific dominated the market. It can be attributed to the rise in the adoption of new technologies, the growing geriatric population, and the increasing demand for blood and blood components required for various procedures. Europe is expected to be the fastest-growing regional market during the forecast period owing to infrastructure investments, higher labor costs amidst workforce shortages, evolving care models, and advancements in warehousing facilities.

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Medical Supply Delivery Service Market Report Highlights

• The medical supplies application segment dominated the market in 2020 due to the increasing incidence of chronic diseases and the growing geriatric population undergoing various minor or major surgical procedures
• By mode of service, the courier delivery segment dominated the market in 2020 owing to the increasing adoption of these services for on-time transportation of time-sensitive healthcare items to reduce turnaround time and avoid contamination
• The pharmacies end-user segment dominated the market in 2020 owing to the rising geriatric population and increasing demand for drugs and vaccines amid the COVID-19 pandemic
• Asia Pacific dominated the market in 2020 owing to a large population and increasing technological advancements in the region

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

Medical Supply Delivery Service Market Segmentation

Grand View Research, has segmented the global medical supply delivery service market based on application, mode of service, end-user, and region:

Medical Supply Delivery Service Application Outlook (Revenue, USD Million, 2016 - 2028)

• Medical Supplies
• Drug Supplies
• Emergency Services
• Lab Specimens & Reports

Medical Supply Delivery Service Mode Of Service Outlook (Revenue, USD Million, 2016 - 2028)

• Courier Delivery
• Drone Delivery

Medical Supply Delivery Service End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Clinics
• Laboratories
• Pharmacies
• Patients
• Others

Medical Supply Delivery Service Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Medical Supply Delivery Service Market

• DHL International GmbH
• United Parcel Service of America, Inc.
• Agility
• ModivCare Solutions, LLC
• FedEx
• CEVA Logistics
• wingslogistics
• International SOS
• Matternet
• Zipline
• Flirtey
• Swoop Aero

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.

Air Conditioning Systems Market Report by Opportunity, Demand, Recent Trends by 2028

 

Air Conditioning Systems Market Growth & Trends

The global air conditioning systems market size is expected to reach USD 175.15 billion by 2028, registering a CAGR of 6.2% from 2021 to 2028 according to a study conducted by Grand View Research, Inc. Factors such as increasing international tourism, growing consumer spending on home improvement, and introduction of energy-efficient systems, coupled with the rising popularity of green cooling concepts, are expected to drive the market growth over the forecast period.

Global events usually pave the way for extensive construction projects, such as the establishment of new buildings and improvement of existing infrastructure. These projects aim at accommodating and catering to the needs of international tourists & visitors or working professionals and providing them enhanced facilities. For instance, the 2020 Summer Olympics event, expected to be held in Tokyo, is expected to drive the construction and development of ample commercial, residential, and lodging spaces in the city before the event commences. Similarly, in Dubai, the government is expected to make significant investments in infrastructure development to accommodate the large number of visitors expected to be attending the Expo 2020, a universal exposition. This, in turn, is creating an increased demand for air conditioners.

The competitive landscape of the market is highly consolidated and characterized by high competition with the presence of key players such as Carrier Corporation, Haier Inc., Electrolux, Ingersoll-Rand plc, and DAIKIN INDUSTRIES, LTD. These players are engaged in mergers and acquisitions to enhance their market presence. For instance, in January 2018, Ingersoll Rand plc and Mitsubishi Electric Corporation signed a contract to create a joint venture to enhance the marketing, sales, and distribution of VRF and ductless heating and air conditioning systems. Under the partnership, the companies will distribute their products under the American Standard and Trane brands using the latter’s corporate logo and the former’s distribution channels.

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Air Conditioning Systems Market Report Highlights

• The Packaged Terminal Air Conditioners (PTAC) segment is expected to register a CAGR of over 4.0% from 2019 to 2025 in terms of volume. This growth of the segment can be attributed to their increasing adoption in the hospitality and residential sectors
• In terms of technology, the inverter segment is expected to experience significant growth over the forecast period owing to its ability to control the speed of the compressor motor, which helps in the continuous regulation of temperature. This variable speed compressor helps in saving 50% more energy and power as compared to non-inverter air conditioners
• The commercial end-use segment accounted for nearly 20% of the overall market share in 2018. The segment is also anticipated to witness substantial growth over the forecast period owing to the rapid industrialization in various North American and European countries
• The air conditioning systems market for North America is expected to exhibit a CAGR of over 6% from 2019 to 2025 in terms of revenue. With high penetration of air conditioners in developed economies such as the U.S., the region is expected to experience growth owing to increasing demand for replacement and refurbishment of existing systems.

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Air Conditioning Systems Market Segmentation

Grand View Research has segmented the global air conditioning systems market based on type, technology, end-use, and region:

Air Conditioning Systems Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2028)

• Unitary
• Rooftop
• PTAC

Air Conditioning Systems Technology Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2028)

• Inverter
• Non-Inverter

Air Conditioning Systems End-use Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2028)

• Residential
• Commercial
• Industrial

Air Conditioning Systems Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2028)

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

List of Key Players of the Air Conditioning Systems Market

• Daikin Industries, Ltd.
• Mitsubishi Electric Trane HVAC US LLC
• Hitachi Ltd
• Carrier
• Whirlpool Corporation
• Haier 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.

Wearable Technology Market to Exhibit Impressive Growth During the Forecast Period: Grand View Research Inc.

 

Wearable Technology Market Growth & Trends

The global wearable technology market size is expected to reach USD 118.16 billion by 2028, registering a CAGR of 13.8% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. The rapid increase in demand for multimedia devices and smartphones, coupled with the surge in the adoption of fitness trackers and health-based wearables, is anticipated to propel the market for wearable technology. Furthermore, increasing health awareness among consumers is leading to increased interest in fitness activities such as cycling, running, and walking. Fitness and activity tracking devices provide a way of monitoring progress and analyzing the physiological data gathered, thereby contributing to market growth.

Rising incomes, changing lifestyles, improved standards of living, and increased consumer awareness about the need to adopt energy-efficient products are encouraging consumers to spend more on utilities, thereby supporting the market growth. Furthermore, technological innovations and advancements and the larger availability of affordable and efficient products create growth opportunities for the market.

Increasing internet penetration in several countries across the globe is likely to help create lucrative growth opportunities for the market. For instance, according to the World Bank, the number of internet users in the U.S. has increased from 87.27% of the total population in 2017 to 88.49% in 2018. In China, 54.3% of the country’s population used the internet in 2017.

However, the COVID-19 pandemic impacted the supply chain of the market during the first two quarters of 2020 as shipments of these devices declined. The supply and demand gap has increased due to the limited availability of raw materials and labor shortage in manufacturing units. Nevertheless, the rising focus of governments on economic revival and leniency in lockdown restrictions are expected to witness drive market growth during the forecast period. Furthermore, rising health concerns among individuals are also expected to contribute to market growth.

The North America regional market, valued at USD 14.11 billion in 2020 and dominated the global market owing to the increasing demand for wearable devices in the U.S and Canada. Furthermore, the presence of several prominent players such as Alphabet Inc.; Garmin Ltd.; and Apple, Inc. in the region is also expected to favor market growth through the forecast period. These players majorly focus on strategic partnerships and mergers and acquisitions to enhance their business operations. For instance, in November 2019, Alphabet Inc. announced the acquisition of Fitbit Inc.

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Wearable Technology Market Report Highlights

• In terms of product, the wrist-wear product segment is expected to dominate the market for wearable technology over the forecast period due to the increased adoption of smartwatches among millennials. The segment is expected to reach USD 62.16 billion by 2028
• In terms of application, the consumer electronics segment is expected to dominate over the forecast period. The segment is anticipated to reach USD 59.55 billion by 2028
• North America is projected to account for the majority share of the global market over the forecast period. The regional market is anticipated to reach USD 36.67 billion by 2028. The growth in disposable incomes and the rapid adoption and popularity of connected devices are some of the major drivers of the regional market
• The prominent industry participants include Apple Inc.; Fitbit, Inc.; SAMSUNG; Xiaomi Global Community; and Huawei Device Co., Ltd.

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

Wearable Technology Market Segmentation

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

Wearable Technology Product Outlook (Revenue, USD Million, 2018 - 2028)

• Wrist-Wear
• Eye-Wear & Head-Wear
• Foot-Wear
• Neck-Wear
• Body-Wear
• Others

Wearable Technology Application Outlook (Revenue, USD Million, 2018 - 2028)

• Consumer Electronics
• Healthcare
• Enterprise & Industrial Application
• Others

Wearable Technology Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of Wearable Technology Market

• Apple Inc.
• FitBit Inc.
• Sony Group Corporation
• Garmin Ltd.
• Samsung Electronics Co. Ltd.

About Grand View Research

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