Smart Cities Current And Future Market Conditions 2021-2028: Grand View Research Inc.

 Smart Cities Market Growth & Trends

The global smart cities market size is expected to reach USD 676.01 billion by 2028, registering a CAGR of 29.3% over the forecast period, according to a study conducted by Grand View Research, Inc. The demand for smart cities is anticipated to increase primarily due to factors such as rising urban population, growing necessity to efficiently manage limited natural resources, and environmental sustainability. Smart cities include a large number of domains and application areas augmented with technological advancements and their efficient use to provide services to citizens of a city. The aging infrastructure, rapid urbanization, and adoption of the latest technology, coupled with the demand for improved quality of life, are driving the market growth.

The growing number of inhabitants and the rapid rate of urbanization has subjected the existing infrastructure to high stress. There is a growing necessity for efficient and sustainable infrastructure management. As such, city governments and municipalities are tackling these problems through smart city initiatives across mobility, utility management, and safety domains. Furthermore, the increase in traffic congestion and greenhouse gas emissions is driving the adoption of smart mobility and efficient energy management applications. This is driving the demand for smart cities globally.

The market for smart cities covers various sectors such as transport, water, healthcare, assisted living, energy, and security. Smart city implementation differs from city to city primarily due to the disparity in technological penetration, awareness, and investments. The high volume of initial financial investments needed to establish different sectors and departments for efficient smart city implementation and the lack of a systemic process for the same may hinder the market growth. However, the market is expected to grow significantly over the forecast period owing to the increasing availability of technology, renewed interest in smart cities via initiatives and investments, and all-inclusive involvement of industry stakeholders in the same.

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Smart Cities Market Report Highlights

• The smart utilities segment is anticipated to register a CAGR of 24.0% over the forecast period. The advent of smart grids is a significant factor driving the adoption of smart utilities. The integration of advanced data analytics and cloud technologies into smart utilities is also expected to drive the segment growth
• The smart infrastructure segment is anticipated to register the highest CAGR of 17.0% over the forecast period. The demand for smart infrastructure is driven by the need for a smart and sustainable city that uses ICTs primarily to improve the quality of life and efficiency of urban operations
• The smart ticketing and travel assistance segment is expected to record a CAGR of 37.6% over the forecast period. The growing adoption of mobile ticketing at venues such as cricket stadiums and amusement parks, coupled with the launch of NFC-enabled smartphones and contactless smart cards, is expected to create opportunities for the smart ticketing segment growth over the forecast period
• The private segment is expected to register a CAGR of 28.9% over the forecast period. Players in the private sector, including service providers, collaborators, and financiers, collaborate and aid in the planning and designing of projects with technical insights and best practices to implement and deliver technology solutions
• The waste management segment is estimated to attain a significant size in terms of revenue by 2028, registering a CAGR of 26.3% over the forecast period. Several governments are approaching system integrators, OEMs, and distributors to install smart trash bins across various cities and municipalities, which is driving the segment growth
• Asia Pacific is anticipated to register the highest CAGR of 39.4% over the forecast period. The region is demonstrating a myriad of smart city initiatives, mostly influenced by national agendas and the growing need to upgrade aging infrastructure
• Some of the prominent players operating in the market include ABB Limited; AGT International; AVEVA Group plc; and Cisco Systems, Inc.

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Smart Cities Market Segmentation

Grand View Research has segmented the global smart cities market based on application, governance model, and region:

Smart Cities Application Outlook (Revenue, USD Million, 2016 - 2028)

• Smart Governance
• Smart Building
• Environmental Solution
• Smart Utilities
• Smart Transportation
• Smart Healthcare

Smart Cities Smart Governance Outlook (Revenue, USD Million, 2016 - 2028)

• City Surveillance
• CCS
• E-governance
• Smart Lighting
• Smart Infrastructure

Smart Cities Smart Utilities Outlook (Revenue, USD Million, 2016 - 2028)

• Energy Management
• Water Management
• Waste Management

Smart Cities Smart Transportation Outlook (Revenue, USD Million, 2016 - 2028)

• Intelligent Transportation System
• Parking Management
• Smart Ticketing & Travel Assistance

Smart Cities Governance Model Outlook (Revenue, USD Million, 2016 - 2028)

• Public
• Private
• PPP

Smart Cities Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Russia
  • Nordic Region
  • Eastern Europe
• Asia Pacific
  • Australia
  • China
  • India
  • Japan
  • ASEAN
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • Africa
  • Middle East

List of Key Players in the Smart Cities Market

• ABB Limited
• AGT International
• AVEVA Group plc.
• Cisco Systems, Inc.
• Ericsson
• General Electric
• Honeywell International Inc.
• International Business Machines Corporation
• Itron Inc.
• KAPSCH Group
• Huawei Technologies Co., Ltd.
• Microsoft Corporation
• Oracle Corporation
• Osram Gmbh
• SAP SE
• Schneider Electric SE
• Siemens AG
• Telensa
• Verizon
• Vodafone Group plc

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.

Paint Protection Film Market Is Projected To Reach Approximately USD 428.09 Million By 2028: Grand View Research Inc.

 Paint Protection Film Market Growth & Trends

The global paint protection film market size is projected to reach USD 428.09 million by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.4% during the forecast period. Increasing consumer awareness about vehicle paint protection against stone chipping, bug splatters, and abrasions is expected to trigger the demand for Paint Protection Films (PPFs).

On the other hand, ceramic coating technologies are likely to be used as a substitute to these films on account of their superior performance against abrasions and scratches, thus impacting the growth of the market. In addition, frequent discrepancies in raw material pricing as well as declining automotive production in several economies, such as the U.S., Korea, and Japan, are predicted to act as a restraining factor for the market players. However, the rapid growth of other end-use application sectors, such as aerospace & deference and electrical & electronics, is anticipated to provide new opportunities to them.

The global market is highly competitive on account of the easy availability of raw material and the strong presence of several key players with sufficient production capacities. Product sustainability, price, and durability are anticipated to be the key factors impacting the buyers’ decisions. The product is broadly available in retail as well as online platforms. Moreover, its installation necessitates expertise and specially trained employees for optimal results. Therefore, key industry participants are also focusing on after-purchase services. Some players have various established contracts with domestic installers to expand their geographical presence.

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Paint Protection Film Market Report Highlights

• In 2020, automotive & transportation emerged as the largest application segment and accounted for over 72% of the global revenue share, in which a majority of the product demand is attained from the passenger cars segment due to its superior color protection characteristics
• The aerospace & defense application segment is poised to register the fastest CAGR of 7.8% over the forecast period
• The growth of this segment can be attributed to the increasing investments in the aircraft and defense sectors in China, U.S., and India
• In 2020, the electrical & electronics application segment accounted for 4% of the overall market volume
• This share resulted majorly from the demand for electronic gadgets, such as mobiles, laptops, tablets, and phablets, in emerging economies of Asia Pacific and Central & South America
• In 2020, Asia Pacific was the leading regional market, in terms of volume as well as revenue, due to high product demand
• The regional market will expand further at the fastest CAGR from 2021 to 2028 mainly due to a significant rise in automotive sales in emerging economies, such as China, India, Vietnam, Thailand, and South Korea

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Paint Protection Film Market Segmentation

Grand View Research has segmented the global paint protection film market on the basis of application and region:

PPF Application Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2028)

• Automotive & Transportation
• Electrical & Electronics
• Aerospace & Defense
• Others

PPF Regional Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Indonesia
  • Thailand
  • Malaysia
• Central & South America
• Middle East & Africa

List of Key Players of Paint Protection Film (PPF) Market

• KDX Composite Material
• 3M Company
• Eastman Chemical Company
• Premier Protective Films International
• Renolit
• SWM, Inc.
• XPEL, Inc.
• Avery Dennison Corp.

About Grand View Research

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

Antimicrobial Additives Market is Anticipated to Upgrade USD 4.7 Billion Revenue By 2028: Grand View Research Inc.

 Antimicrobial Additives Market Growth & Trends

The global antimicrobial additives market size is expected to reach USD 4.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 8.5% from 2021 to 2028. The demand is ascending at a prominent rate owing to increasing product consumption in medical devices & equipment and other end-use industries, such as packaging, food & beverage, healthcare, personal care, and electronic goods. They are majorly utilized to enhance the physical as well as chemical properties, increase shelf life & aesthetic value of materials, and minimize the risk of microbes, such as MRSA and legionella.

The product demand is expected to increase majorly in the healthcare and packaging application industries owing to the Covid-19 pandemic. The continuously rising demand for healthcare and packaging products due to increasing cases of Covid-19 will positively impact the market growth. Asia Pacific is expected to dominate the global market due to the presence of major healthcare product manufacturers in the region.

According to the U.S. Centers for Disease Control and Prevention (CDC), each year about 1 in 25 patients is diagnosed with at least one health-related infection. Medical devices, such as urinary catheters, vascular access devices, or enteral feeding tubes, are particularly susceptible to the colonization of bacteria, which can enter the bloodstream. Thus, medical device manufacturing companies are focusing on using antimicrobial additives for blending with medical device polymers as these additives are highly successful in preventing bacterial colonization on the surface of device components.

On the basis of type, the global market is segmented into organic and inorganic. Inorganic was the prominent segment and accounted for 52.0% of the global revenue share in 2020. The inorganic type segment is expected to witness significant growth due to the high demand for silver-, copper-, and zinc-based additives. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, and providing protection against microbial growth.

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Antimicrobial Additives Market Report Highlights

• In terms of revenue, the inorganic type segment accounted for the highest share in 2020 and is expected to expand at the fastest CAGR over the forecast period
• The healthcare end-use segment dominated the global market and accounted for more than 25% of the overall revenue in 2020
• Asia Pacific accounted for the largest revenue share in 2020 and is estimated to register the fastest CAGR from 2021 to 2028
• The growth of the APAC regional market can be credited to the robust manufacturing base of the healthcare and textile industries across China, India, and Japan
• The industry is highly competitive and various strategic initiatives were recorded over the past few years to boost the market growth
• For instance, In November 2019, Sanitized AG partnered with Bodo Moller Chemie for the distribution of its “Sanitized” antimicrobial additives in the Eastern Europe market

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Antimicrobial Additives Market Segmentation

Grand View Research has segmented the global antimicrobial additives market on the basis of type, application, end-use, and region:

Antimicrobial Additive Type Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Organic
• Inorganic
  • Silver
  • Copper
  • Zinc

Antimicrobial Additive Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Plastics
• Paints & Coatings
• Pulp & Paper
• Others

Antimicrobial Additive End-use Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Healthcare
  • Minimally Invasive Medical Products
  • Endotracheal Tubes
  • Wound dressing
  • Surgical drapes
  • Syringes
  • Re-usable Medical items
    • Hospital Bedding
    • Dental trays
    • Beds
    • Hospital gowns
    • Orthopedic devices
    • Laparoscopic Instruments
    • Medical Scrubs
  • Packaging
    • Food Packaging
      • Active Packaging
      • Controlled Release Packaging
    • Non-food Packaging
  • Food & Beverage
    • Bakery Food
    • Beverages
    • Dairy
    • Meat Processing
  • Building & Construction
    • Insulation
    • Faucets & Fixtures
    • Door Hardware
    • Sealants & Grouts
    • Carpet
    • Paints
    • OSB
    • Melamine
    • Others
  • Automotive & Transportation
    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
    • Train
    • Aeroplanes
  • Textile
    • Apparels
    • Home Textiles
    • Footwear
    • Sport Textiles
    • Non-woven
    • Others
  • Consumer Goods
    • Cleaning Products
    • Cosmetics
    • Toys
  • Others

Antimicrobial Additive Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Antimicrobial Additives Market

• NanoBioMatters Industries S.L.
• BASF SE
• RTP Company
• Milliken Chemical
• BioCote Ltd.
• Microban International
• Clariant AG
• PolyOne Corp.
• Momentive Performance Materials, Inc.
• Life Materials Technologies Ltd.
• SteriTouch Ltd.
• Sanitized AG
• Dow, Inc.
• LyondellBasell Industries Holdings B.V.
• Plastics Color Corp.
• Lonza

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.

Transportation Management Systems Market Trends Regulations And Competitive Landscape Outlook to 2028

 Transportation Management Systems Market Growth & Trends

The global transportation management systems market size is expected to reach USD 27.48 billion by 2028, according to a new report by Grand View Research, Inc., the market is expected to register a CAGR of 14.3% from 2021 to 2028. The unabated growth of the e-commerce and retail industries and the strong emphasis on automating the supply chain and logistics processes using the latest technologies are expected to drive the demand for Transportation Management Systems (TMS) over the forecast period.

The logistics industry has been evolving in line with the advances in technology. The latest technologies, such as artificial intelligence (AI), blockchain, Internet of Things (IoT), and big data, are rapidly transforming the way transportation systems are designed and implemented. Logistics and transportation activities involve a significant exchange of information between all the stakeholders, especially the customers and service providers. At this juncture, efficient TMS facilitates the rapid exchange of information. They also enhance visibility and control over the shipments and subsequently efficiency and customer satisfaction.

The demand for Software-as-a-Service (SaaS)-based TMS is growing owing to the cost-effectiveness and flexibility associated with the SaaS delivery model. Cloud-based services account for a significant share of the global TMS market. Given the increasing demand for customized solutions, vendors are competing aggressively to offer advanced, on-demand software.

Transportation management systems help in accelerating the order-to-delivery cycle times, reducing inventory management costs, ensuring compliance, reducing freight costs, and cutting the time spent on maintaining customs documentation. The higher ROI offered by transportation management systems is particularly serving as a primary driver of the growth of the TMS market.

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Transportation Management Systems Market Report Highlights

• The cloud segment is anticipated to register a significant CAGR over the forecast period. The growth can be attributed to the continued digitalization and growth of the e-commerce industry in emerging economies
• The airways segment is expected to register a considerable CAGR over the forecast period. The growing demand for fast-paced delivery of products from the incumbents of the retail, e-commerce, healthcare, and logistics industries is expected to encourage the deployment of TMS for air transportation
• The government organizations segment is anticipated to register a moderate CAGR over the forecast period owing to the rising demand for traffic management solutions, including automatic number plate recognition, signaling, information management, and parking management, among others
• North America accounted for the largest revenue share owing to the increasing import and export activities across the U.S. and Canada, which are driving the demand for TMS for real-time tracking of products across the region

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Transportation Management Systems Market Segmentation

Grand View Research has segmented the global transportation management systems market based on deployment, mode of transportation, end-use, and region:

Transportation Management Systems Deployment Outlook (Revenue, USD Billion, 2018 - 2028)

• On-premise
• Cloud

Transportation Management Systems Mode of Transportation Outlook (Revenue, USD Billion, 2018 - 2028)

• Roadways
• Railways
• Waterways
• Airways

Transportation Management Systems End-use Outlook (Revenue, USD Billion, 2018 - 2028)

• Retail & E-commerce
• Manufacturing
• Logistics
• Government Organizations
• Others

Transportation Management Systems Regional Outlook (Revenue, USD Billion, 2018 - 2028)

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

List of Key Players in the Transportation Management Systems Market

• 3GTMS
• BluJay Solutions Ltd.
• Cerasis, Inc.
• H. Robinson Worldwide, Inc.
• The Descartes Systems Group Inc.
• Infor Inc.
• International Business Machines Corporation
• inet-logistics GmbH
• JDA Software Group, Inc.
• Manhattan Associates
• MercuryGate International Inc.
• Oracle Corporation
• SAP SE
• Trimble Transportation Enterprise Solutions, 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.

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

 Indoor Farming Market Growth & Trends

The global indoor farming market size is estimated to reach USD 75.3 billion by 2028, exhibiting a CAGR of 10.9% from 2021 to 2028, according to the new report conducted by Grand View Research, Inc. The increasing demand for food owing to the rising population is expected to drive the growth. Factors such as declining water supply, urbanization, and climate change have contributed to the loss of arable land. This in turn is driving demand for indoor farms to produce food. The challenges, such as rising global temperature and extreme weather conditions, act as a barrier in the traditional farming technique. The European Environment Agency (EEA) has carried out several initiatives to build vertical farms to overcome these challenges and produce food in an environment-friendly way.

Indoor farming increases the crop yield and reduces the farming impact on the environment by reducing the distance traveled in the supply chain. It reduces the need for the land space required to grow plants compared to traditional farming methods by using growing shelves mounted vertically. Rising consumer awareness regarding the consumption of healthy and fresh food is anticipated to positively influence the growth of the market for indoor farming over the forecast period. Furthermore, the use of technology, such as LED indoor farming to create nature-like conditions will help farmers meet the expected demand for food supply in near future.

Europe dominated the market in 2020 and is anticipated to remain dominant over the coming years, owing to the continuous adoption of advanced technologies such as LED lighting, controlled environment agriculture. Asia Pacific is expected to exhibit the fastest CAGR from 2021 to 2028, owing to the increasing indoor farms in countries such as China and Japan. Increasing adoption of greenhouses and vertical farms is projected to bode well for regional growth. In addition, the rising demand for pesticide-free, fresh vegetables and fruits is expected to fuel the regional market growth.

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Indoor Farming Market Report Highlights

• The greenhouses segment dominated the market in terms of revenue in 2020 as these facilities produce higher yields. Greenhouses offer a stable and highly controlled environment for the cultivation of flowers, vegetables, and fruits
• The fruits, vegetables, and herbs segment is estimated to register the fastest CAGR over the forecast period, owing to the increasing food consumption along with growing consumer awareness regarding the importance of healthy eating, especially in regions such as Europe and Asia Pacific
• The climate control systems segment is projected to expand at the highest CAGR during the forecast period, as the crop development can be controlled by adjusting and monitoring the concentration of minerals
• Some of the key players operating in the market include LumiGrow (U.S.), Illumitex (U.S.), Hydrodynamics International (U.S.), and Agrilution (Germany)

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Indoor Farming Market Segmentation

Grand View Research has segmented the global indoor farming market based on facility type, component, crop category, and region:

Indoor Farming Facility Type Outlook (Revenue, USD Million, 2017 - 2028)

• Greenhouses
• Vertical Farms
  • Shipping Container
  • Building-based
• Others

Indoor Farming Component Outlook (Revenue, USD Million, 2017 - 2028)

• Hardware
  • Climate Control Systems
  • Lighting Systems
  • Sensors
  • Irrigation Systems
• Software
  • Web-based
  • Cloud-based

Indoor Farming Crop Category Outlook (Revenue, USD Million, 2017 - 2028)

• Fruits, Vegetables, & Herbs
  • Tomato
  • Lettuce
  • Bell & Chili Peppers
  • Strawberry
  • Cucumber
  • Leafy Greens
  • Herbs
  • Others
• Flowers & Ornamentals
  • Perennials
  • Annuals
  • Ornamentals
• Others

Indoor Farming Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Indoor Farming Market

• Argus Control Systems Ltd.
• Certhon
• General Hydroponics
• Hydrodynamics International
• Illumitex
• Lumigrow

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.

Hydroponics Market Get Facts About Business Strategies 2021 to 2028: Grand View Research Inc.

 Hydroponics Market Growth & Trends

The global hydroponics market size is estimated to reach USD 9.76 billion by 2028, exhibiting a CAGR of 20.7% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The adoption of smart farming technologies, such as vertical farming, which has helped the evolution of hydroponics, is expected to spur market growth. Continuous improvements in hydroponics technologies and the introduction of innovative, state-of-the-art technologies, including environmental and temperature sensing, remote growth monitoring, and automatic nutrient reading, are likely to fuel the demand.

Based on type, the market is categorized into aggregate systems and liquid systems. The aggregate systems segment is projected to continue holding the largest market share over the forecast period. The liquid systems segment is expected to expand at a high CAGR over the forecast period. Aggregate hydroponics farming encompassed multiple technologies, namely, drip, wick, and ebb and flow. Herein, the plants are grown with the presence of a medium such as rock wool, perlite, and others. It is essential for the farmers to choose the right kind of media for certain crops, as they vary in terms of pH and thickness, which may hinder the smooth growth of roots. However, the liquid systems eliminate the use of such as media and provide the nutrients directly to the roots, reducing the time required for yield. Hence, the adoption of liquid systems, such as deep-water culture and Nutrient Film Technique (NFT) is expected to witness significant growth over the forecast period.

The primary crops cultivated through the hydroponics method are tomatoes, lettuce, cucumber, and herbs. The majority of indoor farmers use hydroponic systems to grow tomatoes. As a result, the tomatoes segment dominates the entire market in 2020 and is estimated to continue its dominance over the forecast period. Europe held the largest share of the hydroponically grown tomatoes market in 2020 owing to the high cultivation rate in the Netherlands and Italy. Rising demand for organically grown, pesticide-free, and highly nutritious vegetables is expected to drive the adoption of hydroponics for the cultivation of lettuce and other leafy vegetables along with other indoor farming techniques. Among all the leafy vegetables, green leaf lettuce is increasingly gaining popularity among the growers owing to its high consumption rate and worldwide demand. However, owing to the changing and favorable regulations about the growth of legalized marijuana, cannabis farmers across the globe are increasingly adopting the hydroponic farming method.

Asia Pacific held the largest market share in 2020, as countries such as China, South Korea, and Japan are finding lucrative opportunities in hydroponics farming to cater to the rising food demand. However, Europe is expected to register the fastest CAGR over the forecast period owing to the favorable government scenario regarding the development and adoption of alternative farming technologies.

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Hydroponics Market Report Highlights

• Middle East, South America, and Asia Pacific are anticipated to witness a lukewarm rise in terms of adoption of hydroponics, on account of the lack of government incentives to set up the infrastructure
• Increasing demand for cannabis for medical and recreational uses is expected to boost the adoption among indoor farmers from Canada, Georgia, South Africa, and other such countries
• NFT in the liquid hydroponic systems is one of the highly adopted methods used by indoor farmers. However, the state-of-the-art NFT technique is gaining more popularity amongst the growers
• Asia Pacific held the largest market share in 2020 owing to the substantial demand from countries, such as South Korea, China, India, and Hong Kong
• Europe is likely to emerge as the prominent segment, holding the largest market share by 2028. The countries such as the Netherlands, Turkey, and Spain witness a high adoption rate of hydroponics
• Mexico is projected to portray lucrative opportunities in near future, owing to the presence of market players, such as Hydroponic Systems, Cultura H, and General Hydroponics. Also, the drylands spread over 100 million hectares in the country restrict the agricultural expansion, driving the adoption of hydroponics and other vertical farming technologies

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Hydroponics Market Segmentation

Grand View Research has segmented the global hydroponics market based on type, crops, and region:

Hydroponics Type Outlook (Revenue, USD Million, 2017 - 2028)

• Aggregated systems
• Liquid systems

Hydroponics Crops Outlook (Revenue, USD Million, 2017 - 2028)

• Tomatoes
• Lettuce
• Peppers
• Cucumbers
• Herbs
• Others

Hydroponics Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Rest of World

List of Key Players of Hydroponics Market

• AeroFarms
• AmHydro
• Argus Control Systems Ltd.
• Emirates Hydroponics Farms
• Freight Farms
• Green Sense Farms Holdings, Inc.
• Heliospectra AB
• LumiGrow
• Signify Holding
• Terra Tech Corp.

About Grand View Research

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

Virtual Production Market Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 Virtual Production Market Growth & Trends

The global virtual production market size is expected to reach USD 4.71 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 16.7% from 2021 to 2028. The rising popularity of virtual production in the media and entertainment industry, combined with its capabilities to create high definition visuals and real-time virtual environments, is the key factor propelling the growth of the market.

The technology enables filmmakers to reduce the demand for on-set production teams and crew members by integrating virtual background environments with live-action footage. This allows for a significant reduction in video production costs. Furthermore, technological advancements in virtual production help broadcasters improve their operational efficiency with the least physical presence of technicians in the broadcasting room. For instance, in March 2020, Sky Sports implemented a virtual production suite, which has enabled its teams to create content and stream it remotely. The suite connected 48 virtual workstations and an equal number of direct-to-workstation connections for remote editing, simultaneous live programming, and the distribution of live clippings directly on social media platforms. Although virtual production can produce a film with better visuals and low production costs, it also poses some challenges, especially arising from the lack of training and experience among industry professionals.

With the advent of artificial intelligence, virtual production technology has witnessed significant improvements in the quality of its computer-generated graphics. Design and visualization of all complex scenes in a three-dimensional model have also become convenient, which can be further edited and reviewed in a real-time environment. The technology is positively impacting the market by reducing the burden of transportation and logistics costs of crew members and equipment. It enables filmmakers to capture on-set live-action scenes through simul-cams or virtual cameras and seamlessly merge computer-generated 3D graphic elements with the film's live shooting footage to conclude with the final visual effects.

Artificial intelligence facilitates pre-production support that helps to accelerate video production work. In the previous decade, pre-production works heavily relied on unstructured box office data and limited demographic information related to viewers, leading to the development of less engaging video content. However, now artificial intelligence can generate insights from large data sets collected from various platforms to understand the proposed content's acceptance and interest. For example, Netflix creates video content based on accurate, personalized recommendations, and observations of its users' behavior, such as surfing history, interest, and data action like pausing or rewinding videos. The company has invested USD 15 billion to create a dedicated database to develop original content based on its platform's collected data. Artificial intelligence technology can also help understand scripts and screenplays to recognize the locations described in them and suggest real-world locations where directors can imagine and create realistic computer graphic imagery locations.

The growing implementation of virtual production in the gaming industry is also working well for the market. Factors such as leveraging a three-dimensional environment increased the focus of companies on developing compact and comfortable virtual gaming devices, and constant technological innovation on virtual production platforms, such as 3D audio, untethered virtual reality headsets, and cloud scalability, are expected to drive market growth across gaming application. Furthermore, the introduction of immersive experience allows for 360° views of graphic content and a new level of gaming interaction, enabling players to control and modify the gaming environment through their senses. Hence the increased application of virtual production technology in games is expected to propel the growth of the market.

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Virtual Production Market Report Highlights

• In terms of end-user, the movie segment is expected to contribute a significant amount of revenue to the market over the forecast period. The growth can be attributed to the rising demand for visual effects and a three-dimensional model in movies
• In terms of component, the software segment is expected to grow at a significant CAGR owing to the inclusion of artificial intelligence. The inclusion is expected to improve the performance of animation and graphics quality
• The key players in the market are 360Rize; Adobe; Arashi Vision Inc. (Insta 360); Autodesk Inc.; BORIS FX, INC; Epic Games, Inc.; HumanEyes Technologies; Mo-Sys Engineering Ltd.; NVIDIA Corporation.; Panocam3d.com; Pixar (The Walt Disney Company); Side Effects Software Inc (SideFX); Technicolor; and Vicon Motion Systems Ltd

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Virtual Production Market Segmentation

Grand View Research has segmented the global virtual production market based on component, type, end-user, and region:

Virtual Production Component Outlook (Revenue, USD Million, 2018 - 2028)

• Hardware
• Software
• Services

Virtual Production Type Outlook (Revenue, USD Million, 2018 - 2028)

• Pre-production
• Production
• Post-production

Virtual Production End-user Outlook (Revenue, USD Million, 2018 - 2028)

• Movie
• TV Series
• Commercial Ads
• Online Videos
• Others

Virtual Production Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of the Virtual Production Market

• 360Rize
• Adobe
• Arashi Vision Inc. ( Insta 360)
• Autodesk Inc.
• BORIS FX, INC
• Epic Games, Inc.
• HTC Corporation (VivePort)
• HumanEyes Technologies
• Mo-Sys Engineering Ltd.
• NVIDIA Corporation.
• com
• Pixar (The Walt Disney Company)
• Side Effects Software Inc (SideFX)
• Technicolor
• Vicon Motion Systems 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.

Artificial Intelligence For IT Operations Platform Market Outlook Growth Emerging Factors On Geography, Technological Advancements And Mounting Demand Forecast To 2028

 Artificial Intelligence For IT Operations Platform Market Growth & Trends

The global artificial intelligence for IT operations platform market size is expected to reach USD 27.26 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 21.2% from 2021 to 2028. Rapid digital transformations in global business organizations have brought about increasingly complex datasets. Businesses spend a significant amount of time, cost, and effort on processing large volumes of data. IT operations are also on the edge of this transformation, wherein IT teams are required to manage complex datasets to sustain their business. Besides, there has been a considerable increase in data loads over the last few years due to the distributed architecture and dynamic nature of business applications and services. With the increasing IT agility requirement, AIOps has emerged as a way for IT operations teams to keep up with business demands, trends, and aggressive digitization of IT infrastructure. AIOps platform refers to the AI platform for IT operations that combines human intelligence with automated algorithms to provide full visibility into IT systems' performance.

The COVID-19 outbreak has created significant challenges and uncertainties for several businesses. AIOps platform can align with the industries operating in the digital environment amid such a challenging era of business infrastructural transformations. The increasing digital transformation during the pandemic has led to various challenges concerning user experience, security, and the downfall of industries. Organizations are restructuring operational infrastructure as security-related vulnerabilities in the digital environment have increased significantly. Under such highly dynamic circumstances, the AIOps platform helps businesses to take vigilant security measures. For instance, the platform helps ensure the Confidentiality, Integrity, and Availability (CIA) triad information security through its online security applications, such as AI-powered identity verification systems.

The adoption of cloud computing has been increasing rapidly in recent years. Cloud-hosting services such as Microsoft Azure (Microsoft), Amazon Web Services, Inc. (AWS), and Google Cloud (Alphabet Inc.) appeal to many enterprises owing to features such as the ability to scale up or down based on usage, pay-per-use, self-service, and high resiliency. These advantages, in turn, lead to lower IT expenditure, better service quality, and faster time-to-market than traditional IT offerings. AIOps solutions enable new IT operations efficiencies by offering centralized visibility across all environments, which helps diagnose and resolve IT issues faster.

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Artificial Intelligence For IT Operations Platform Market Report Highlights

• Organizations are deploying AIOps platforms specifically for real-time analytics and network and security management
• Most AIOps platforms focus on providing enriched company data over data about individuals, called intent data. Intent data is collected behavioral information about an individual's online or digital activities
• The rising adoption of machine learningfor infrastructure management in IT environments is one of the major factors driving the market growth
• Key players are leveraging AI and machine learning technologies to improve resilience and enhance productivity in IT operations

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Artificial Intelligence For IT Operations Platform Market Segmentation

Grand View Research has segmented the global artificial intelligence for IT operations platform market based on offering, application, deployment mode, organization size, vertical, and region:

AIOps Platform Offering Outlook (Revenue, USD Million, 2018 - 2028)

• Platform
• Service

AIOps Platform Application Outlook (Revenue, USD Million, 2018 - 2028)

• Infrastructure Management
• Application Performance Analysis
• Real-Time Analytics
• Network & Security Management
• Others

AIOps Platform Deployment Mode Outlook (Revenue, USD Million, 2018 - 2028)

• Cloud
• On-Premises

AIOps Platform Organization Size Outlook (Revenue, USD Million, 2018 - 2028)

• SMEs
• Large Enterprises

AIOps Platform Vertical Outlook (Revenue, USD Million, 2018 - 2028)

• BFSI
• Healthcare & Life Sciences
• Retail & E-Commerce
• IT & Telecom
• Energy & Utilities
• Government & Public Sector
• Media & Entertainment
• Others

AIOps Platform Regional Outlook (Revenue, USD Million, 2018 - 2028)

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

List of Key Players of Artificial Intelligence for IT Operations (AIOps) Platform Market

• AppDynamics
• BMC Software, Inc.
• Broadcom
• HCL Technologies Limited
• International Business Machines Corporation
• Micro Focus
• Moogsoft
• ProphetStor Data Services, Inc.
• Resolve Systems
• Splunk Inc.
• VMware, 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.

Broadband Services Market is Growing at Significant Rate, 2028: Grand View Research Inc.

 Broadband Services Market Growth & Trends

The global broadband services market size is estimated to reach USD 706.94 billion by 2028, according to the new report by Grand View Research, Inc. The market is expected to register a CAGR of 9.1% from 2021 to 2028. The rapidly escalating demand for broadband services due to their ability to offer higher date access to the internet using a wide spectrum of technologies is a major growth propeller for the market.

The market is positioned to register strong growth over the forecast period, driven primarily by the steep demand in the market. The high demand is supported by proactive government initiatives, technological advancements for improved user convenience, consumer awareness, and increased usage of devices such as mobile phones, tablets, MIDs, and eBooks-requiring a broadband connection. The internet speed and widespread availability of broadband services are notable growth contributors.

Some of the key market trends in the global market for broadband services include the following: strategic usage of broadband pre-registration indices to collect market data regarding price, engineering decisions, and user preferences; online registration of broadband services makes the process transparent and user-friendly; electronic signature in registration documents and validation of identity proofs aids in maintaining an automatic contract status and limits malpractice; system integration is increasingly emphasized to offer a one-stop-shop service for all marketing, mails, management, installation, and customer support needs; and finally, B2C models are increasingly focused on impacting crowd mentality to attract a larger customer base.

The COVID-19 pandemic has rendered a positive impact on broadband services as digital consumption has witnessed a sharp rise over the last few weeks. Work-from-home concepts in most businesses, online classes in education formats, higher usage of video calls for conferences and personal uses, online shopping of essential items, and higher viewership of entertainment content have notably increased the requirement for broadband services. Investment in companies to adopt digital channels for product promotion and sales is also likely to surge in the near future. Besides speed, add-on services are a key attraction for customers, thereby leveling up the competitive rivalry in the market.

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Broadband Services Market Report Highlights

• The Asia Pacific regional market accounted for the largest market share in 2020, owing to the wide-scale usage of broadband services
• Fiber opticsdominated the broadband connection segment due to its speedy connection, large-scale adoption, and continuously evolving technology
• Wireless broadband services are positioned to demonstrate double-digit growth momentum over the forecast period
• Increased adoption of broadband services during COVID-19 has prominently augmented market growth and fuelled the digital revolution in business models
• The prominent industry players operating in the market are Comcast; AT&T Intellectual Property; Verizon Communications, Inc.; and Cox Communications, Inc.

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

Broadband Services Market Segmentation

Grand View Research has segmented the global broadband services market based on broadband connection, end-user, and region:

Broadband Services Broadband Connection Outlook (Revenue, USD Billion, 2017 - 2028)

• Fiber Optic
• Wireless
• Satellite
• Cable
• Digital Subscriber Line (DSL)

Broadband Services End-user Outlook (Revenue, USD Billion, 2017 - 2028)

• Business
• Household
• Others

Broadband Services Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of the Broadband Services Market

• Comcast
• AT&T
• Verizon Communications, Inc.
• Cox 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.