Digital Transformation Market Industry Size, Driving Demands, And Market Share Of Various Stakeholders by 2030

 

Digital Transportation Market Growth & Trends

The global digital transformation market size is expected to reach USD 3,810.05 billion by 2030, registering a CAGR of 23.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. The development is ascribed to the increasing need for the establishment of innovative solutions that are equipped to engage customers as well as employees to seamlessly integrate data, operations, IT, and business. Besides, the high acceptance and demand of the Internet of Things (IoT) and other evolving technologies are boosting the growth of the market.

Embracing digital transformation allows organizations to address disruptive changes in businesses such as a frequent shift in the marketplace or restructuring of the corporate framework, and others. With the help of digital transformation, organizations can better handle their customer base by leveraging digitalization and focusing on designing new products, services, or business models. These recently developed technologies are a careful blend of historical digital information about business operations and customer details. Additionally, digital transformation supports the smooth transformation of business activities, conventional processes, and existing business models and helps organizations prepare for upcoming challenges.

Since the rise of digitization and globalization across the world, organizations are adapting to use technology-driven solutions to keep up with the rapid pace of business growth. Organizations are embracing cloud technology quickly as it empowers numerous startups and Small and Medium Enterprises (SMEs) to take on current Digital Experience Platforms (DXP) at reasonable costs without the need to continually update or remove their existing frameworks. In addition, factors such as streamlining the end-to-end customer experience process and improvement in functional adaptability are supporting the development of digital transformation alongside acknowledging the source of new revenue.

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Digital Transformation Market Report Highlights

• The social media segment is expected to experience a considerable CAGR of 25% over the forecast period. In recent years the use of mobile technology has exponentially increased, due to which social media has transformed and it is now favoring the market growth
• After successfully implementing digital transformation solutions, companies will still need maintenance and support from their vendors. This is believed to raise the demand for professional services over the forecast period
• The hosted deployment segment accounted for a market share of over 45% in 2021 and it is expected to experience the boost attributable to benefits like accessibility, reduced cost, and enhanced security
• The growth of digital transformation is witnessed across the large enterprise segment which holds over 55% of the revenue share in 2021. It is anticipated to experience tremendous growth over the forecast period as large enterprises are concentrating on enhancing the productivity and effectiveness of employees by utilizing digital transformation solutions
• The healthcare segment is expected to register the fastest CAGR of 24% from 2022 to 2030. This is due to high customer expectations and the rising focus of medical services providers towards making the patient journey easy by streamlining operations and correctly understanding the need of patients
• The Asia Pacific region is expected to grow at a remarkable rate and reach USD 1,306.82 billion by 2030, such development is due to the developing interest in the utilization of the Internet of Things (IoT), predictive analytics, Artificial Intelligence(AI), and other advanced technologies in the regional market

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Digital Transformation Market Segmentation

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

Digital Transformation Solution Outlook (Revenue, USD Billion, 2017 - 2030)

• Analytics
• Cloud Computing
• Mobility
• Social Media
• Others

Digital Transformation Service Outlook (Revenue, USD Billion, 2017 - 2030)

• Professional Services
• Implementation & Integration

Digital Transformation Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Hosted
• On-premise

Digital Transformation Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprise
• Small & Medium Enterprise

Digital Transformation End-use Outlook (Revenue, USD Million, 2017 - 2030)

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

Digital Transformation Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Digital Transformation Market

• Accenture plc
• Apple Inc.
• Adobe Systems Incorporated
• CA Technologies
• Dell EMC
• Hewlett Packard Enterprise Co.
• International Business Machines Corporation
• Microsoft Corporation
• Kellton Tech Solutions Ltd.
• Google 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 Industry Analysis , Opportunity Assessment And Forecast Till 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.

Hydrofluoric Acid Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing

 Hydrofluoric Acid Market Growth & Trends

The global hydrofluoric acid market size is expected to reach USD 1.69 billion by 2030, according to a new study by Grand View Research, Inc. The market is estimated to witness a CAGR of 5.6% during the forecast years. Increasing the consumption of hydrofluoric acid in the production of fluorochemicals and fluorine components worldwide is likely to boost the demand over the forecast period. It is an aqueous form of hydrogen fluoride and is mainly used for industrial purposes, such as metal cleaning, glass etching, and electronics production among others. It is also used in home rust removers. There are mainly two grades of the product available in the market; anhydrous and diluted hydrofluoric acid. The demand for anhydrous hydrofluoric acid is rising as it is less toxic and provides better quality at low temperatures.

A rise in the production level of fluorochemicals in the U.S. and Germany is further favoring the global demand. In the Asia Pacific region, the increasing production of fluorocarbons and the presence of large-scale manufacturers are expected to boost the market growth. The product demand is anticipated to rise in India during the forecast period on the account of the increasing production of aluminum and aluminum products wherein hydrofluoric acid is a key raw material. The global market is highly fragmented with the presence of numerous players in both developed and developing economies. Key players are focusing on mergers and acquisitions to increase their presence throughout the value chain. The majority of the industry players are focusing on product advancements aiming at the development of new products with eco-friendly characteristics to cater to a broader application market.

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Hydrofluoric Acid Market Report Highlights

• The anhydrous grade segment accounted for the largest share of the global revenue in 2021 due to the rising demand in various applications, such as surfactants, fluorochemicals, and metal cleaners among others
• Metal pickling emerged as the fastest-growing application segment in 2021 and is likely to witness a steady CAGR from 2022 to 2030 due to the high growth in steel production in the past few years
• Fluorocarbon emerged as the largest application segment in 2021 due to the increased production levels across different countries including China, India, the U.S., and Germany
• Moreover, the rising demand for air conditioning and refrigerating systems is expected to drive the segment
• Asia Pacific is projected to witness the fastest CAGR over the forecast period due to the abundance of raw material along with the presence of numerous large-scale manufacturers

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Hydrofluoric Acid Market Segmentation

Grand View Research has segmented the global hydrofluoric acid market on the basis of grade, application, and region:

Hydrofluoric Acid Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Anhydrous
• Diluted

Hydrofluoric Acid Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Fluorocarbon
• Fluorinated Derivatives
• Metal Picking
• Glass Etching
• Oil Refining
• Others

Hydrofluoric Acid Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Hydrofluoric Acid Market

• Daikin
• Dongyue Group
• Sinochem
• Yingpeng Chemical
• Honeywell International Inc.
• Stella Chemifa Corp.
• Koura Global
• Lanxess
• Solvay

About Grand View Research

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

E-cigarette And Vape Market is Anticipated to Upgrade USD 182.84 Billion Revenue By 2030: Grand View Research Inc.

 E-cigarette And Vape Market Growth & Trends

The global e-cigarette and vape market size is expected to reach USD 182.84 billion by 2030, registering a CAGR of 30.0% from 2022 to 2030, according to a new study by Grand View Research, Inc. The growing concerns over conventional cigarettes among various age groups have boosted the demand for relatively less-toxic e-cigarettes and vape products. Advances in e-cigarette technology coupled with the availability of e-cigarettes in various types and e-liquid flavors are particularly allowing customers to choose the device and flavor of their choice, thereby contributing to the growth of the market. The rising awareness about safer alternatives to tobacco consumption has stimulated the adoption of e-cigarettes across the world.

Technological advancements have permitted the development of high-capacity e-cigarettes that create significant amounts of vapor and flavor, which has enhanced vapor enthusiast preference. Vaping has assisted a substantial number of smokers in quitting smoking, making e-cigarettes a viable smoking cessation option. Furthermore, ex-smokers believe that using e-cigarettes has improved their breathing. The rising price of regular cigarettes has aided the growing popularity of e-cigarettes. The e-cigarette sector has been stifled by strict legislation in several countries. However, due to the increased popularity of the technology, e-cigarette sales have continued to grow.

The rising awareness about consuming smokeless, safe, and ashless tobacco is anticipated to drive market growth. The push toward COVID-19-based marketing strategies and sales via digital channels is estimated to drive market growth in the post-COVID-19 pandemic era. Furthermore, there is an increasing awareness about vaping being an effective method to quit traditional smoking, as it is less toxic and creates vapors instead of smoke. Thus, the adoption of vape devices is expected to increase over the forecast period, particularly among individuals smoking for recreation and smokers working toward quitting smoking altogether.

Due to the COVID-19 pandemic, several countries worldwide have seen an increase in indoor smoking. However, vape shops remained open and operational in countries such as Italy during the lockdown. To capitalize on the rising demand for vape products, many vendors implement novel marketing strategies and sell their wares via online platforms. For instance, MyVapery/Xyfil, a British nicotine liquid manufacturer, includes freehand sanitizers in the same bottles as its flavored nicotine e-liquids.

Market participants in the e-cigarette industry are prominent players in the market that own a significant market share. These companies have invested mainly in e-cigarettes as they are expected to be an effective alternative solution for tobacco consumption. However, the industry is characterized by various smaller niche players that offer efficient vape devices and e-liquids, thereby gradually acquiring a large customer base. Small companies usually outsource the manufacturing of e-cigarettes to Asian countries such as China to price their products competitively.

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E-cigarette And Vape Market Report Highlights

• The modular device segment is anticipated to emerge as the fastest-growing segment over the forecast period. Modular devices are advanced devices used mainly by individuals participating in professional vape competitions. These devices are highly advanced and have programmable functions, such as temperature control and variable wattage control
• The online platform segment is expected to register a significant CAGR over the forecast period. Online vape shops, which have emerged recently, encourage customers to purchase e-cigarettes online. Furthermore, the smaller packaging size of e-cigarettes also attracts lower shipping rates, increasing buyer preference
• North America accounted for the highest market share in terms of revenue in 2021, owing to the extensive presence of prominent players such as Altria Group, Inc. and Philip Morris International Inc., which hold a significant share of the regional market

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E-cigarette And Vape Market Segmentation

Grand View Research has segmented the global e-cigarette and vape market based on product, distribution channel, and region:

E-cigarette and Vape Product Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• Disposable
• Rechargeable
• Modular Devices

E-cigarette and Vape Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Online
• Retail
  • Convenience Store
  • Drug Store
  • Newsstand
  • Tobacconist Store
  • Specialty E-cigarette Store

E-cigarette And Vape Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • South Korea
  • Japan
• Latin America
  • Brazil
• MEA

List of Key Players in the E-cigarette And Vape Market

• Altria Group, Inc.
• British American Tobacco
• Imperial Brands
• International Vapor Group
• Japan Tobacco Inc.
• NicQuid
• JUUL Labs, Inc.
• Philip Morris International Inc.
• J. Reynolds Vapor Company
• Shenzhen IVPS Technology Co., Ltd.
• Shenzhen KangerTech Technology 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.

Advanced Driver Assistance System Market Expected to Witness a Sustainable Growth over 2030: Grand View Research Inc.

 Advanced Driver Assistance System Market Growth & Trends

The global advanced driver assistance system market size is projected to reach USD 58.7 billion by 2030, registering a CAGR of 18.2% from 2022 to 2030, as per the study conducted by Grand View Research, Inc. The growing government initiatives toward deploying driver assistance systems to mitigate road accidents are anticipated to contribute to the market growth. The surge in the adoption of advanced driver assistance system (ADAS) in small cars is anticipated to further boost the growth of the market over the forecast period.

Increasing levels of technological innovation and surge in the initiatives undertaken toward self-driving cars and vehicle automation have elevated the demand for driver safety and assistance systems over the past decade. For instance, the European Union has mandated automotive manufacturers to fit ADAS systems, including Autonomous Emergency Braking Systems (AEBS) and Lane Departure Warning Systems (LDWS), in all heavy commercial vehicles that weigh over 7,000 kilograms.

The demand for ADAS technologies such as road sign recognition systems, drowsiness monitoring systems, and night vision systems is expected to increase considerably over the forecast period. Tire pressure monitoring systems are also projected to have substantial penetration in the overall market due to their easy aftermarket availability and low prices. Adaptive cruise control offers better driver safety and aids in avoiding fatal road accidents. All these factors are expected to propel market growth by 2030.

The sensor segment accounted for the largest market share of more than 30% in 2021. The automotive industry is witnessing an increase in self-driving vehicles on road. These vehicles demand a blend of a large number of sensors such as Lidar, cameras, ultrasonic sensors, and radar for accomplishing different operations accurately. Thus, the demand for sensors is projected to increase significantly over the forecast period. Among the various sensor types, Lidar sensors are expected to gain high traction by 2030 owing to their crucial function in self-driving cars.

The key players operating in the ADAS market include AISIN SEIKI Co., Ltd.; Autoliv Inc.; Continental AG; Denso Corporation; Garmin Ltd.; and HARMAN International. These players emphasize adopting various strategies, including business expansions, mergers and acquisitions, and product expansions. These strategies assist the companies in expanding their business and product portfolio. For instance, in February 2020, Continental AG established a new production plant for advanced driver assistance systems in Texas, U.S. The company invested USD 109 million.

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Advanced Driver Assistance System Market Report Highlights

• The autonomous emergency braking system segment is estimated to expand at a CAGR of 21.0% over the forecast period
• The response for ADAS processors is predicted to grow at a considerable rate over the forecast period
• The Asia Pacific market is anticipated to witness substantial growth over the forecast period owing to several developments across major economies, especially China. The regional market is projected to expand at a CAGR of 19.6% from 2022 to 2030
• Key players dominating the market are Hyundai Mobis; Continental AG; Autoliv Inc.; Mobileye; and Magna International among others

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Advanced Driver Assistance System Market Segmentation

Grand View Research has segmented the global advanced driver assistance system market based on solution type, component type, vehicle type, and region:

Advanced Driver Assistance Systems Solution Type Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)

• Adaptive Cruise Control
• Blind Spot Detection System
• Park Assistance
• Lane Departure Warning System
• Tire Pressure Monitoring System
• Autonomous Emergency Braking
• Adaptive Front Lights
• Others

Advanced Driver Assistance Systems Component Type Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)

• Processor
• Sensors
  • Radar
  • Ultrasonic
  • LiDAR
  • Others
• Software
• Others

Advanced Driver Assistance Systems Vehicle Type Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)

• Passenger Car
• Commercial Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Advanced Driver Assistance Systems Regional Outlook (Volume, Million Units; Revenue, Billion, 2018 - 2030)

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

List of Key Players of the Advanced Driver Assistance System Market

• Denso Corporation
• Continental AG
• Infineon Technologies AG
• Magna International
• Autoliv 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.

Managed Services Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 Managed Services Market Growth & Trends

The global managed services market size is expected to reach USD 552.35 billion by 2028, according to a new study conducted by Grand View Research, Inc. It is projected to expand at a CAGR of 12.7% from 2021 to 2028. The growing reliance of organizations on IT infrastructure for driving the productivity of their business is anticipated to drive the growth of the market over the forecast period. Benefits associated with the implementation of managed services, such as considerable reduction in IT operational costs, and improvement in organizational efficiency, also bode well for the growth.

Several businesses are confronting challenges in the wake of the outbreak of the COVID-19 pandemic and Managed Services Providers (MSPs) are no exception to that. Although many businesses and organizations are opting for managed services for ensuring operational efficiency amid the lockdowns being implemented across various nations as part of the efforts to arrest the spread of coronavirus, organizational spending on new automation initiatives has been slowing down gradually. As a result, market players are expected to witness a significant decline in their revenues in 2020, thereby pressurizing them to reduce costs. Nevertheless, the spending on business automation is expected to increase from 2021 onwards, thereby driving the growth of the market over the forecast period.

The rising number of Small and Medium Enterprises (SMEs) in emerging economies is anticipated to propel the demand for managed services over the forecast period. Strengthening profit margins, which are catering efficiently to the needs of dynamic business environments, and improvements in operational efficiency are also expected to contribute to the growth of the market. Managed services help in optimizing the recurrent in-house IT costs while simultaneously automating business processes. This subsequently allows organizations to effectively achieve their business objectives, especially about strengthening the bottom line and increasing profitability.

Initiatives being pursued aggressively by various governments toward digital transformation focusing on modernizing their IT infrastructure, strengthening governance, and improving citizen services are anticipated to drive the demand for managed services over the forecast period. For instance, in 2018, the Canadian government invested USD 2.1 billion on a 6-year digital transformation program. The program envisages modernizing the government’s IT infrastructure and services.

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Managed Services Market Report Highlights

• The managed security segment is expected to register the highest CAGR over the forecast period owing to the stringent government regulations regarding data security and privacy protection and the increasing incidences of cyber-attacks on businesses
• The business support systems segment is anticipated to register the highest CAGR from 2021 to 2028. The increasing adoption of business support systems, such as business analysis, database integration, demand management services, and project management, by the incumbents of various end-use industries is anticipated to propel the growth of the segment over the forecast period
• The on-premise segment dominated the market in 2020. On-premise hosting of software ensures easy customization according to the needs of the business processes. On-premise installation is particularly lucrative for large enterprises
• The Small & Medium Enterprises (SME) segment is anticipated to register a significant CAGR over the forecast period. SMEs are aggressively opting for managed services owing to the numerous advantages, such as controlled IT costs, increased efficiency and competitiveness, and reduced risk, associated with them
• Healthcare is anticipated to emerge as the fastest-growing segment over the forecast period. The healthcare industry has been turning out to be a primary target of cybercriminals, thereby driving the need to effectively protect the patient database. Several healthcare organizations are opting for managed services to protect patient data and secure monetary transactions, thereby contributing to the growth of the segment
• North America accounted for the largest market share in terms of revenue in 2020. The rising number of Multinational Companies (MNCs) in North America bodes well for the growth of the regional market

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Managed Services Market Segmentation

Grand View Research has segmented the global managed services market based on solution, Managed Information Service (MIS), deployment, enterprise size, end use, and region:

Managed Services Solution Outlook (Revenue, USD Billion, 2016 - 2028)

• Managed Data Center
• Managed Network
• Managed Mobility
• Managed Infrastructure
• Managed Backup and Recovery
• Managed Communication
• Managed Information
• Managed Security

Managed Information Service (MIS) Outlook (Revenue, USD Billion, 2016 - 2028)

• Business Process Outsourcing (BPO)
• Business Support Systems
• Project & Portfolio Management
• Others

Managed Services Deployment Outlook (Revenue, USD Billion, 2016 - 2028)

• On-premise
• Hosted

Managed Services Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Small & Medium Enterprises (SMEs)
• Large Enterprises

Managed Services End-use Outlook (Revenue, USD Billion, 2016 - 2028)

• Financial Services
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Media & Entertainment
• Retail
• Others

Managed Services Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players in the Managed Services Market

• Accenture PLC
• Alcatel-Lucent Enterprise
• AT&T Inc.
• Avaya Inc.
• BMC Software, Inc.
• CA Technologies
• Cisco Systems, Inc.
• DXC Technology Company
• Ericsson
• Fujitsu Limited
• Hewlett Packard Enterprise Development LP
• International Business Machines Corporation
• Lenovo Group Limited

About Grand View Research

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

Wax Market to Reflect Robust Expansion During 2022-2030: Grand View Research Inc.

 Wax Market Growth & Trends

The global wax market size is expected to reach USD 14.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2020 to 2030. The growth is majorly driven by growing inclusion of wax as a performance additive in the plastics industry on account of its rising utilization as water and solvent-based mold release agent. Wax has become one of the critically utilized materials globally with widespread application across multiple industries. It is used in the automotive industry for vehicle polishing, hair removal, packaging applications, and as an additive in the food industry.

In addition, it is used in paints and coating industry and printing ink application. Rising demand in various applications, including candles, rubber and plastic processing, cosmetic and toiletries, fire logs, building boards, is likely to propel overall growth in the coming years. High consumption of wax owing to its advantage including UV resistance, anti-caking, excellent insulation, is expected to augment market growth. The stringent COVID-19 lockdown in 2020 induced a downward trend in the market. The recovery in the industrial businesses and activities in the second half of 2020 moderately improved the demand. Additionally, the festive season in the final quarter of 2020 improved the demand from different industries including candles, cosmetics, and packaging. 

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Wax Market Report Highlights

• The synthetic wax segment accounted for the fastest CAGR of 4.5% over the forecast period, owing to a significant increase in application across lotion, shampoo, foundation, lipstick, and other personal care products
• The cosmetics and toiletries application segment accounted for the highest CAGR of 4.8% over the forecast period considering the growing inclusion of product in formulation of creams and moisturizers. In addition, above average living standards and new product innovation are expected to propel the demand
• Asia Pacific accounted for the highest CAGR of 4.7% over the forecast period which can be traced to growing construction activities, mainly in economies such as China and India. Moreover, technological developments in Korea and Japan have spurred the growth of adhesives
• The market’s value chain comprises raw materials suppliers, product manufacturers, distribution channels, and application industry. Depending upon the type, wax formulation requires timely procurement of key feedstocks which includes lubricating oils, base oils, and bee’s milk. Product prices are highly impacted depending on the availability of these feedstocks
• The industry is made up of large and medium-sized players. The small players are either suppliers or distributors. Companies are working on strategies that can harness their internal strategic advantage and position according to the end-use segment growth 

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Wax Market Segmentation 

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

Wax Product Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Mineral Wax
• Synthetic Wax
• Natural Wax

Wax Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Candles
• Packaging
• Plastic & Rubber
• Pharmaceuticals
• Cosmetics & Toiletries
• Fire Logs
• Adhesives
• Others

Wax Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Wax Market

• Sinopec Corp
• China National Petroleum Corporation
• HollyFrontier Corporation
• BP P.L.C
• Nippon Seiro Co., Ltd
• Baker Hughes Company
• Exxon Mobil Corporation
• Sasol Limited
• The International Group, Inc.
• Evonik Industries AG
• BASF SE
• Dow
• Honeywell International Inc.
• Royal Dutch Shell P.L.C
• Mitsui Chemicals, 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.

APAC E-Bikes Market to Incur Meteoric Growth During 2022 to 2030: Grand View Research Inc.

 APAC E-Bikes Market Growth & Trends

The APAC e-bikes market size is expected to reach USD 125.9 billion by 2030, expanding at a CAGR of 15.6% over the forecast period, according to a study conducted by Grand View Research, Inc. The increasing adoption of e-bikes among the young population, the increasing purchasing power of the middle-class population in developing countries, and rapid urbanization are expected to significantly drive product demand across the region.

The demand for e-mountain bikes has significantly increased over varieties such as cargo and city/urban e-bikes over the past few years. This can be attributed to the fact that e-mountain bikes are suitable for off-roading, as their robustness allows for a safe riding experience even on slippery and wet terrain. Moreover, their strength makes them desirable for road traffic, encouraging their use for regular commute for shopping or work purposes in most cities.

Increasing urbanization and the low inclination of consumers toward the use of cars due to increased traffic on roads are projected to offer lucrative opportunities for market growth. Furthermore, governments of various countries, including China and India, are focusing on developing bicycle infrastructure due to the increasing preference of consumers toward e-bikes. The infrastructure includes public charging stations and bicycle tracks. For instance, Sanyo introduced two solar parking garages in Tokyo and provided 100 electric hybrid eneloop bikes in Tokyo, Japan.

Key players in the Asia Pacific e-bikes market include Merida Industry Co. Ltd, Yamaha Motor Company, Aima Technology Group Co. Ltd., Yadea Group Holdings Ltd., Pedego Electric Bikes. These players focus on new product launches to enhance their product offerings. For instance, In July 2020, Yamaha Bicycles announced the launch of the new electric power-assist bicycle, Civante Class 3. The launch assisted the company in expanding its product line of fitness-focused road bikes.

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APAC E-Bikes Market Report Highlights

• By propulsion type, the pedal-assisted segment is expected to dominate the market over the forecast period. This can be attributed to the rising demand for pedal-assisted e-bikes among the youth and elderly population
• Based on battery, the lead-acid battery segment dominated the market with a 56.1% revenue share in 2021 due to benefits such as low cost and robustness. However, the share is anticipated to decline swiftly owing to a significant rise in demand for Li-Ion batteries
• India is expected to be the largest regional market over the forecast period owing to significant investments in vehicle charging infrastructure and government subsidies for battery-powered vehicles
• Prominent industry participants include Giant Manufacturing Co. Ltd., Yadea Group Holdings Ltd., Yamaha Motor Company, Pedego Electric Bikes, Merida Industry Co. Ltd.

Access Press Release@ https://www.grandviewresearch.com/press-release/asia-pacific-e-bikes-market-analysis

APAC E-Bikes Market Segmentation

Grand View Research has segmented the APAC e-bikes market based on the propulsion type, battery type, power, application, and region:

APAC E-Bikes Propulsion Type (Revenue, USD Million, 2018 - 2030)

• Pedal-assisted
• Throttle-assisted

APAC E-Bikes Battery Type (Revenue, USD Million, 2018 - 2030)

• Lithium-ion Battery
• Lead-acid Battery

APAC E-Bikes Power Type (Revenue, USD Million, 2018 - 2030)

• Less than and Equal to 250W
• Above 250W

APAC E-Bikes Application Type (Revenue, USD Million, 2018 - 2030)

• City/Urban
• Trekking
• Cargo
• Others

APAC E-Bikes Regional Outlook (Revenue, USD Million, 2018 - 2030)

• Asia Pacific
  • China
  • Japan
  • India

List of Key Players of the APAC E-Bikes Market

• Pedego Electric Bikes
• Yamaha Motor Company
• Aima Technology Group Co. Ltd.
• Merida Industry Co. Ltd
• Trek Bicycle 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.

U.S. Hospital Emergency Department Market to Reflect a Holistic Expansion During 2022 to 2030: Grand View Research Inc.

 U.S. Hospital Emergency Department Market Growth & Trends

The U.S. hospital emergency department market size is expected to reach USD 246.3 billion by 2030, registering a CAGR of 5.7%, according to a new report by Grand View Research, Inc. Rising prevalence of diseases requiring immediate care such as cardiac arrest is expected to drive the growth of this market. Hospital Emergency Departments (EDs) are preferred by such individuals in need of emergency care due to the 24-hour availability of care over other medical centers. There has been an increase in the number of patients with acute psychiatric crises visiting hospital EDsin the last few years.

According to National Hospital Ambulatory Medical Care Survey, in 2018, there were around 1.15 million ED visits due to problems related to psychological and mental disorders. Furthermore, a total of 2.4 million ED visits occurred due to diseases of the nervous system. Neurologic emergencies include conditions such as stroke, migraine, Alzheimer's disease, and others. Stroke is a major contributor to ED visits, with around 795,000 individuals suffering a stroke annually. This is likely to increase the number of ER visits in the coming years.

To meet the high demand for EDs and create awareness, hospitals are adopting new technologies and conducting various business activities. For instance, in May 2019, Montefiore Medical Center installed communication systems in the emergency room, which facilitates prehospital communication between ED staff and first responders. Similarly, in July 2019, Clarion Hospital collaborated with Allegheny Health Network to bring Advanced Telestroke Services to its ED to treat patients suffering from stroke symptoms.

Moreover, there is a trend of adopting new treatment options, such as Artificial Intelligence (AI), and telehealth for emergency care of acute illnesses and injuries. For instance, in October 2020, Northwestern Memorial Hospital partnered with Caption Health to acquire Caption AI, the AI technology for ultrasound, for use in EDs. Such measures are expected to increase demand for emergency care due to growing awareness about the availability of accurate and quick treatment options and increasing adoption of new technologies.

The onset of the COVID-19 pandemic resulted in revenue loss for emergency departments in the United States, due to the substantial reductions in the number of ED visits. The decline in visits was largely due to people delaying treatment to avoid infection, a decrease in surgery volume, and social distancing restrictions. According to a study from researchers at Yale and the Mayo Clinic, ED visits declined by 41.5% (in Colorado) to 63.5% (in New York) in the year after the pandemic outbreak. 

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U.S. Hospital Emergency Department Market Report Highlights

• The private and others segment dominated the market in 2021 and is expected to register the highest CAGR from 2022 to 2030. An increasing number of people choosing private insurance is the primary factor driving the growth of the segment. For instance, according to National Hospital Ambulatory Medical Care Survey, for around 40,003 ED visits, the source of payment was private insurance in 2018
• The infectious condition segment accounted for the maximum market share in 2021. This growth can be attributed to an increasing number of ER visits during flu season. For instance, according to CDC National Hospital Ambulatory Medical Care Survey, in 2018, fever and cough accounted for a total of 5,837,000 and 4,955,000 emergency visits, respectively, in the U.S. Increasing hospitalizations due to infectious diseases is expected to favor segment growth
• In August 2019, Clarion Healthcare System, Inc. received a grant of USD 1 million from the Redevelopment Assistance Capital Projects program, which would be used for renovating the existing emergency room to expand the waiting room and add three exam rooms

Access Press Release@ https://www.grandviewresearch.com/press-release/us-hospital-emergency-department-market-analysis

U.S. Hospital Emergency Department Market Segmentation

Grand View Research has segmented the U.S. hospital emergency department market on the basis of insurance type and condition:

U.S. Hospital Emergency Department Insurance Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Medicare & Medicaid
• Private & Others

U.S. Hospital Emergency Department Condition Outlook (Revenue, USD Billion, 2017 - 2030)

• Traumatic Conditions
• Gastrointestinal Conditions
• Psychiatric Conditions
• Cardiac Conditions
• Neurologic Conditions
• Infectious Conditions
• Other Conditions

List of Key Players of U.S. Hospital Emergency Department Market

• Parkland Health & Hospital System
• Lakeland Regional Health
• Joseph’s Health
• Natchitoches Regional Medical Center
• Schoolcraft Memorial Hospital
• Clarion Hospital
• USA Health
• Baptist Health South Florida
• Montefiore Medical Center
• Lac+Usc Medical Center

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.