Computer Numerical Control Machines Market Expected to Collect $132.93 Billion by the End of 2030: Grand View Research Inc.

 Computer Numerical Control Machines Market Growth & Trends

The global computer numerical control machines market size is expected to reach USD 126.27 billion by 2028, registering a CAGR of 7.5% from 2021 to 2028, according to a new study by Grand View Research, Inc. The rising need for minimizing operating costs and errors in machine components and increasing efficiency in manpower deployment has led to the increased demand for automation and CNC machines.

Governments across the globe have imposed restrictions on transportation owing to the COVID-19 pandemic, which has resulted in port closures. Factors, such as reduced availability of air transportation facilities and stringent border controls, are delaying the procurement of raw materials and components. The resulting delay in the shipment of products to customers is further adding to operational costs. While the situation is adversely affecting profitability and competitiveness, market players are also losing ground in the market as customers are looking to approach alternative suppliers.

Technological proliferation has enabled manufacturers to use the Internet of Things (IoT) and machine learning in controllers. The use of these technologies in Computer Numerical Control (CNC) Machines led to the development of software applications that are compatible with PCs and smart devices, which allows operators and supervisors to control the machines remotely. Furthermore, the use of IoT is expected to bring about several innovations in terms of automation in the field, which would help save time and improve the productivity of companies.

Manufacturers are increasingly focusing on current technological trends in the field of software to enhance the connectivity of machines with operators and improve flexibility on the shop floor area. Several companies are investing in R&D activities to improve the equipment design in a way that reduces the floor space required and allows multiple operations to be carried out by the same equipment, thereby improving the productivity of the plant. This is anticipated to boost the market growth.

Request a free sample copy or view report summary: Computer Numerical Control Machines Market Report

Computer Numerical Control Machines Market Report Highlights

• The milling machines segment is anticipated to register the fastest CAGR from 2021 to 2028 as a result of rising demand for this type of equipment owing to features, such as multi-functionality and reduced time requirements
• The automotive segment is expected to register the maximum growth rate over the forecast period due to the rising product demand in this segment for producing components in less time and achieving a fine finish
• Asia Pacific accounted for the largest market share, in terms of revenue, and is projected to expand further at the fastest CAGR over the forecast period
• The increased focus on infrastructural development and digitization of industries in Asia Pacific is anticipated to drive the regional market growth

Access Press Release@ https://www.grandviewresearch.com/press-release/global-computer-numerical-controls-cnc-machines-market

Computer Numerical Control Machines Market Segmentation

Grand View Research has segmented the global computer numerical control machines market based on type, end use, and region:

CNC Machines Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Lathe
• Milling
• Laser
• Grinding
• Welding
• Winding
• Others

CNC Machines End use Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Automotive
• Aerospace & Defense
• Construction Equipment
• Power & Energy
• Industrial
• Others

CNC Machines Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • Germany
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Mexico
• Middle East & Africa

List of Key Players of Computer Numerical Control Machines Market

• Amada Co., Ltd.
• Amera Seiki
• Fanuc Corp.
• Datron AG
• DMG Mori
• Dalian Machine Tool Group (DMTG) Corp.
• Haas Automation, Inc.
• Okuma Corp.
• Shenyang Machine Tool Co., Ltd. (SMTCL)
• Hurco Companies, Inc.
• Yamazaki Mazak 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.

North America Digital Health Market Overview, Analysis And Forecast To 2030: Grand View Research Inc.

 North America Digital Health Market Growth & Trends

The North America digital health market size is expected to reach USD 712.3 billion by 2030, registering a CAGR of 27.8% over the forecast period, according to a new report by Grand View Research, Inc. The transition from volume-based healthcare to value-based care and the necessity of digital technology to improve treatment quality are among the major factors anticipated to drive the market growth over the forecast years. In addition, the increasing prevalence of chronic disorders, growing geriatric population, and shortage of healthcare professionals in North America are anticipated to boost the market growth over the forecast period. Moreover, increasing internet penetration and the growing digitalization of healthcare are expected to support the market growth. The telehealthcare segment accounted for the highest revenue share in 2021.

This is due to the high adoption of long-distance patient care services by medical professionals and improving healthcare IT infrastructure in the U.S. In addition, the increasing adoption of digital communication technologies, such as mobile and computer devices, for remote health care services is supporting the segment growth. Moreover, the growing number of COVID-19 cases increases the preference for remote patient monitoring, virtual consultation, and online patient engagement, which, in turn, is anticipated to drive the segment growth over the coming years. The services component segment dominated the market in 2021 owing to the growing preference for the improvement of digital healthcare platforms for better remote patient monitoring services. In addition, pre- and post-installation of digital platforms, maintenance, staffing, training, resource allocation services for better patient engagement from remote locations are also supporting the segment growth.

Request a free sample copy or view report summary: North America Digital Health Market Report

North America Digital Health Market Report Highlights

• The telehealthcare segment dominated the market in 2021 due to the growing adoption of long-distance patient care services by the medical professionals and improved healthcare ITinfrastructure in the U.S.
• The services segment dominated the market in 2021 owing to the growing preference for the improvement of digital healthcare platforms for better remote patient monitoring services
• However, the software segment will record the fastest CAGR over the forecast period due to rising demand for functionally improved software for better remote healthcare services and a rapid increase in the development of software with diverse healthcare applications by the manufacturers
• The mandatory social distancing practices due to the COVID-19 pandemic and the lack of face-to-face consultation between healthcare providers and patients have made digital healththe safest interactive platform for disease management in 2020
• In addition, the rapid development of technology, such as mHealth, telemedicine, telecare, and digital systems, boosted the market growth during this period
• Furthermore, a high preference for telehealthplatforms for virtual health consultation and remote patient monitoring services also fueled the market growth during the COVID-19 pandemic
• For instance, according to the U.S. Department of Health and Human Services (HHS) report, in December 2021, the Medicare visits through telehealth increased by 52.7 million in 2020 from approximately 840,000 in 2019

Access Press Release@ https://www.grandviewresearch.com/press-release/north-america-digital-health-market-analysis

North America Digital Health Market Segmentation

Grand View Research, Inc. has segmented the North America digital health market on the basis of technology, component, and region:

North America Digital Health Technology Outlook (Revenue, USD Million, 2016 - 2030)

• Tele-healthcare
  • Tele-care
    • Activity Monitoring
    • Remote Medication Management
  • Telehealth
    • LTC Monitoring
    • Video Consultation
  • mHealth
    • Wearables
      • BP Monitors
      • Glucose Meters
      • Pulse Oximeters
      • Sleep Apnea Monitors
      • Neurological Monitors
      • Activity Trackers/ Actigraphs
    • mHealth Apps
      • Medical Apps
      • Fitness Apps
    • Services
      • mHealth Service, By Type
        • Monitoring Services
          • Independent Aging Solutions
          • Chronic Disease Management & Post-Acute Care Services
        • Diagnosis Services
        • Healthcare Systems Strengthening Services
        • Others
      • mHealth Services, By Participants
        • Mobile Operators
        • Device Vendors
        • Content Players
        • Healthcare Providers
      • Healthcare Analytics
      • Digital Health Systems
        • EHR
        • e-Prescribing Systems

North America Digital Health Component Outlook (Revenue, USD Million, 2016 - 2030)

• Software
• Hardware
• Services

North America Digital Health Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America
  • US
  • Canada

List of Key Players of North America Digital Health Market

• Cerner Corp.
• Allscripts
• Apple, Inc
• Telefonica S.A.
• McKesson Corp.
• Epic Systems Corp.
• QSI Management, LLC
• AT&T
• Vodafone Group
• Airstrip Technologies
• Google, Inc.
• Samsung Electronics Co. Ltd.
• HiMS
• Orange
• Softserve
• Qualcomm Technologies, Inc.
• MQure
• Computer Programs and Systems, Inc.
• Vocera Communications
• IBM Corp.
• Cisco Systems Inc.

About Grand View Research

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

U.S. Digital Health Market Is Expected To Accomplish A Valuation Of Around USD 549.1 Billion By 2030: Grand View Research Inc.

 U.S. Digital Health Market Growth & Trends

The U.S. digital health market size is expected to reach USD 549.1 billion by 2030, registering a CAGR of 26.9% over the forecast period, according to a new report by Grand View Research, Inc. The improvement in internet coverage facilities and innovation of smartphones is anticipated to drive the digitalization of healthcare organizations. The growing awareness regarding maintaining a healthy lifestyle is also driving the adoption of mHealth apps among consumers. The favorable technology-friendly consumer base looking forward to accessing healthcare and medical assistance through digital health solutions and the improved healthcare IT infrastructure in the U.S are expected to accelerate the market growth over the coming years.

The high adoption of digital health platforms by the service providers to actively engage their patients and improve quality of care by easily accessing patient information is supporting the market growth. The COVID-19 pandemic has also exposed the care gaps of the existing treatment process, which, in turn, is driving the adoption of virtual and digital healthcare solutions. The telehealthcare technology segment dominated the market in 2021 owing to the growing adoption of digital communication technologies, such as mHealth, telehealth, and telecare platforms. The increasing preference for remote patient monitoring services due to the emergence of the COVID-19 pandemic also accelerated the market growth in the U.S.

In addition, the shortage of medical professionals and increasing preference for remote patient engagement by the healthcare providers using telehealth platforms will support the segment growth. Moreover, the preference of the hospitals to connect with patients using telehealth platforms and improve provider-patient interactions to offer quality healthcare services accelerates the segment growth. The services component segment dominated the market in 2021owing to the high adoption of digital healthcare platforms coupled with the demand for installation, maintenance, and training & development services. However, the software segment is anticipated to record the fastest CAGR over the forecast period.

This is attributed to the rapid adoption of healthcare software solutions to streamline workflows, reduce healthcare expenses & costs, and eliminate data siloes. The growing burden of the COVID-19 pandemic and the government-imposed shutdown and lockdowns created multiple challenges for the normal functioning of healthcare systems in the country. The decline in face-to-face health consultation due to the fear of virus transmission, in turn, increased the demand for virtual consultations. In addition, the improved healthcare IT platforms in the country also supported better patient-provider engagement and remote patient monitoring services. The high internet penetration further boosted the adoption of telehealth platforms and mHealth applications, which drove the market growth during the COVID-19 pandemic.

Request a free sample copy or view report summary:  U.S. Digital Health Market Report

U.S. Digital Health Market Report Highlights

• The telehealthcare technology segment led the overall market in 2021 due to the high adoption of digital communication technologies, such as mHealth, telehealth, and telecare platforms
• The services component segment accounted for the maximum revenue share in 2021 due to the increased adoption of digital healthcare platforms coupled with the high demand for installation, maintenance, and training & development services
• Key market players use various strategies, such as providing free teleconsultation services, to increase their market penetration
• For instance, service providers, such as CareClix, Callondoc, Galileo Health, Health Tap, K Health, etc. are now offering free live, virtual healthcare visits for patients with COVID-19 symptoms

Access Press Release@ https://www.grandviewresearch.com/press-release/us-digital-health-market-analysis

U.S. Digital Health Market Segmentation

Grand View Research, Inc. has segmented the U.S. digital health market based on technology and component:

U.S. Digital Health Technology Outlook (Revenue, USD Million, 2016 - 2030)

• Tele-healthcare
  • Telecare
    • Activity Monitoring
    • Remote Medication Monitoring
  • Telehealth
    • LTC Monitoring
    • Video Consultation
  • mHealth
    • Wearables
      • BP Monitors
      • Glucose Meter
      • Pulse Oximeter
      • Sleep Apnea Monitor
      • Neurological Monitors
      • Activity Trackers/Actigraphs
    • mHealth Apps
      • Medical Apps
      • Fitness Apps
    • Services
      • Types of Services
        • Monitoring Services
          • Independent Aging Solutions
          • Chronic Disease Management and Post-Acute Services
        • Diagnosis Services
        • Healthcare Systems Strengthening Services
        • Others
      • Types of Participants
        • Mobile Operators
        • Device Vendors
        • Content Players
        • Healthcare Providers
      • Healthcare Analytics
      • Digital Health Systems
        • Electronic Health Records (EHR)
        • E-Prescription

U.S. Digital Health Component Mode Outlook (Revenue, USD Million, 2016 - 2030)

• Hardware
• Software
• Services

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

• Apple, Inc.
• AT&T
• Airstrip Technologies
• Allscripts
• Google, Inc.
• Orange
• Qualcomm Technologies, Inc.
• Softserve
• MQure
• Samsung Electronics Co. Ltd.
• Telefonica S.A.
• Vodafone Group
• Cerner Corp.
• McKesson Corp.
• Epic Systems Corp.
• NextGen Healthcare, Inc
• Greenway Health LLC
• CureMD Healthcare
• HIMS
• Computer Programs and Systems, Inc.
• Vocera Communications
• IBM Corp.
• Siemens Healthcare GmbH
• Cisco Systems, Inc.

About Grand View Research

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

Polyphenols Market Size Projected to Rise Lucratively during 2022 - 2030

 

Polyphenols Market Growth & Trends

The global polyphenols market size is expected to reach USD 2.9 billion by 2030, as per the new report by Grand View Research, Inc., registering a CAGR of 7.4% over the forecast period. Polyphenols are micronutrients and phytochemicals with antioxidant properties. These products are beneficial for health as they help cure many diseases like cancer, diabetes, neurodegenerative condition, and aging & skin-related problems. The product extracted from grape seeds has antioxidant properties, which play a significant role in beauty products and nutritional skin supplements. The rising awareness about the benefits of herbal products over synthetic drugs, coupled with an increasing demand for anti-aging products, is expected to boost the market growth during the forecast period.

According to the Food and Drug Administration (FDA), grape seed is more effective than chemotherapy for the treatment of cancer. Thus, grape seed extract is anticipated to have high demand, on account of growing consumption in the food & beverage, cosmetics, and healthcare industries. The functional food & beverages segment accounted for the largest revenue share in 2021. Functional foods and beverages are enriched with functional nutrients to the basic nutritional values. With the increase in awareness about the benefits of maintaining good health, the consumption of healthy foods is increasing. This, in turn, is indirectly driving the product demand, thereby boosting the market growth.

Request a free sample copy or view report summary: Polyphenols Market Report

Polyphenols Market Report Highlights

• In terms of volume Asia Pacific had the highest regional share in 2021 and is anticipated to grow at CAGR of 8.2% due to increase in awareness about nutritional enrichment among consumers.
• Consumption of Green Tea is beneficial for health related issue such as high cholesterol, cancer, and atherosclerosis.
• Functional food accounted for highest revenue share of 34.6% in 2021, due to its advantages on human body such as improved gut health and reduced intestinal inflammation.
• Functional Beverages application dominated the industry with 32.7% revenue share as they provide overall nutrition and well-being to consumers. It was valued at USD 448.8 million in 2021
• The key players in polyphenols industry include ADM, Naturex SA, Ajinomoto and Others. These companies dominate the market with their extensive presence throughout the value chain

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

Polyphenols Market Segmentation

Grand View Research has segmented the global polyphenols marketon the basis of product, application, and region:

Polyphenols Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Grape Seed
• Green Tea
• Apple
• Peach
• Citrus
• Olive
• Berries
• Cocoa & Coffee Beans
• Potatoes
• Algae
• Pomegranate
• Others

Polyphenols Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Functional Beverages
• Functional Foods
• Dietary Supplements
• Cosmetics & Toiletries
• Animal Feed
• Dyes
• Others

Polyphenols Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Polyphenols Market

• Archer Daniels Midland (ADM)
• Naturex SA
• Diana Foods
• Indena S.p.A
• Ajinomoto Co. Inc.
• Hansen Holdings A/S
• Barry Callebaut

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.

Telemedicine Market to Register Stable Expansion During 2022 – 2030: Grand View Research Inc.

 Telemedicine Market Growth & Trends

The global telemedicine market size is anticipated to reach USD 380.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 19.5% over the forecast period. The key factors driving the market growth include the increasing prevalence of chronic conditions, aging population, telehealth uptake, and rising demand for reduction in care costs. SOC Telemed reported 140,743 total system-wide consults during Q3 2021, an increase of about 76% year over year. The company also reported a recovery in telepsychiatry volumes to pre-COVID levels and significant volume increases in the teleneurology service line. About 1,087 total facilities were serviced by SOC Telemed including 193 facilities serviced by Access Physicians.

The COVID-19 pandemic had an overall positive impact on the market. It led to increased awareness about telemedicine solutions, propelled the adoption rates among patients & providers, and increased the investment activities in the market. Supportive regulatory initiatives to promote the use of telemedicine further contributed to the market growth. In the U.S., both state and federal laws have evolved to facilitate the widespread use of telemedicine to cope with the COVID-19 pandemic. For instance, on March 6, 2020, the U.S. president signed Coronavirus Preparedness and Response Supplemental Appropriations Act. It included USD 8.0 billion emergency funding for the federal agencies and provision to expand reimbursement coverage for telehealth services.

Many U.S. states also waived the licensure for better utilization of the service. This positively impacted the market growth during the pandemic. Rapid advancements in technology are also expected to boost the demand for online consultation, thereby contributing to market growth. For instance, in April 2020, American Well launched Amwell Private Practice, which is a secure, simple, and cost-effective solution for doctors to deliver virtual primary or specialty care for COVID-19 patients. Furthermore, strategic initiatives by key market players, the entry of large-scale, established companies into the market, and the emergence of new start-ups are estimated to contribute to the market growth. In October 2020, Teladoc, Inc. merged with Livongo Health, Inc. to improve the access, delivery, and experience of healthcare for consumers.

This supported its growth objectives. In January 2021, Teladoc, Inc. acquired Consultant Connect Ltd.-a telemedicine provider specializing in enabling healthcare professional-to-professional advice and guidance in the U.K. There has been a significant rise in tele-mental health visits over the past decade in the U.S. and the trend is expected to continue during the forecast period, thereby contributing to the adoption of telemedicine systems by hospitals and healthcare settings. The social shift to overall mental wellbeing and rising healthcare consumerism are other key factors anticipated to propel market growth in the near future. For instance, in 2020, over 52.9 million adults in the U.S. experienced mental illness, according to the NAMI.

Suicide was found to be the second leading cause of death across the country among people aged 10 to 34 years. The increase in awareness levels about mental health, uptake by end users, expansion of offerings by the existing market players, the flow of investments, and entry of new companies are expected to drive the market growth during the forecast period. North America dominated the global market in 2021 due to the high adoption of telehealth solutions during the COVID-19 pandemic. The availability of advanced healthcare facilities and quick adoption of digital technologies also contributed to the region’s growth. Asia Pacific is predicted to witness the fastest CAGR over the forecast period due to the rising number of smartphone users, demand for affordable healthcare services, and presence of a large patient pool.

Request a free sample copy or view report summary: Telemedicine Market Report

Telemedicine Market Report Highlights

• Telemedicine has a wide scope of application in dermatology, psychiatry, intensive care units, emergency care, ophthalmology, neurology, rehabilitation, and radiology
• The teleradiology segment accounted for the majority of revenue share in 2021. Telepsychiatry, on the other hand, is estimated to grow at the fastest CAGR from 2022 to 2030
• Products dominated the components segment in 2021 while services are projected to grow at the fastest CAGR from 2022 to 2030
• The web/mobile-based delivery mode segment is expected to register the fastest CAGR during the forecast years due to the high adoption of smartphones and penetration of the internet
• The tele-home facility segment will register the maximum CAGR from 2022 to 2030 due to the advanced technologies to monitor patient health from remote locations and rising awareness regarding the benefits of remote healthcare
• The providers segment accounted for the maximum revenue share in 2021. However, the patients segment is expected to grow at the fastest CAGR from 2022 to 2030
• Government-initiated healthcare programs across the world are anticipated to propel the adoption of telemedicine solutions by patients and providers in the coming years

Access Press Release@ https://www.grandviewresearch.com/press-release/global-telemedicine-industry

Telemedicine Market Segmentation

Grand View Research has segmented the global telemedicine market on the basis of component, modality, application, delivery mode, facility, end user, and region:

Telemedicine Component Outlook (Revenue, USD Million, 2017 - 2030)

• Product
  • Hardware
  • Software
  • Others
• Services
  • Tele-consulting
  • Tele-monitoring
  • Tele-education

Telemedicine Modality Outlook (Revenue, USD Million, 2017 - 2030)

• Store & Forward
• Real-time
• Others

Telemedicine Application Outlook (Revenue, USD Million, 2017 - 2030)

• Teleradiology
• Telepsychiatry
• Telepathology
• Teledermatology
• Telecardiology
• Others

Telemedicine Delivery Mode Outlook (Revenue, USD Million, 2017 - 2030)

• Web/Mobile
  • Audio/Text-based
  • Visualized
• Call Centers

Telemedicine Facility Outlook (Revenue, USD Million, 2017 - 2030)

• Tele-hospital
• Tele-home

Telemedicine End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Providers
• Payers
• Patients
• Others

Telemedicine Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Switzerland
  • The Netherlands
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Singapore
  • South Korea
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Israel

List of Key Players of Telemedicine Market

• MDlive, Inc. (Evernorth)
• American Well Corporation
• Twilio Inc.
• Teladoc Health, Inc.
• Doctor On Demand, Inc. (Included Health)
• Zoom Video Communications, Inc.
• SOC Telemed, Inc. 
• NXGN Management, LLC
• Plantronics, Inc.
• Practo
• VSee

About Grand View Research

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

Smart Parking Systems Market Poised to Expand at a Robust Pace of $30.16 Billion Over 2030: Grand View Research Inc.

 

Smart Parking Systems Market Growth & Trends

The global smart parking systems market size is expected to reach USD 30.16 billion by 2030, registering a significant CAGR of 21.2% from 2022 to 2030, according to new reports of Grand View Research, Inc. The increasing number of automobiles on roads and the subsequent rise in traffic congestions are the key growth drivers for the market. The outbreak of the COVID-19 pandemic has negatively impacted the market due to the varying levels of lockdowns implemented across the world. However, with the lockdowns being slowly lifted, the demand for smart parking systems is expected to bounce back, and sales of personal vehicles might also witness a rise due to growing concerns over safety in public transport.

Additionally, an increase in the number of smartphones users worldwide simultaneously increases the number of users to park, pay, and book the slots in advance over mobile apps. Favorable regulations, government policies, and investments are encouraging the implementation of smart parking systems for a seamless and user-friendly parking experience for drivers and operators. The increasing demand for sophisticated features, such as auto-payment options and voice guidance enabled through smartphone apps, is also anticipated to drive the growth of the market. Several parking lots are incorporating Automatic Number Plate Recognition (ANPR) systems to efficiently operate vehicles in parking areas and access control systems.

The market is driven by factors such as the increasing availability of integrated automated solutions, advancements in wireless technologies, and developments in payment technologies. Moreover, smart cities are looking for sustainable mobility solutions to reduce pollution and lower congestion by allocating public and private spaces. These parking systems use data analytics, wireless communication technology, and sensors to address parking issues in cities and metros. These solutions can be used to locate available parking spaces with the help of sensors and mobile applications, thereby reducing time spent by circling vehicles searching for parking spaces and improving accessibility as well as center attractiveness.

Request a free sample copy or view report summary: Smart Parking Systems Market Report

Smart Parking Systems Market Report Highlights

• The signage segment is expected to expand at a significant CAGR of 20.2% over the forecast period. The main purpose of signs is to identify routes, provide directions, and avoid ambiguity in rules and regulations related to driving and traffic to the users. This offers high comfort to the driver while driving and can be a positive factor for the market’s growth over the period
• The parking guidance system segment is anticipated to exhibit a CAGR of 21.2% during the forecast period. The promising growth prospects of the segment can be attributed to benefits offered by these systems, such as the analysis of customer behavior and usage patterns
• The mobile app parking services segment is estimated to witness significant growth in terms of revenue by 2030, registering a CAGR of 25.2% during the forecast period. The growth can be attributed to the benefits of the large-scale adoption of smartphones and apps supporting smart parking. These applications enable easy reservation of slots and mobile-enabled payments
• The off-street segment is poised to exhibit a significant CAGR of 21.6% over the forecast period. The growing demand for garages and lots for parking spaces in off-streets are the key driving factors for the growth of the segment
• The government segment is expected to witness a significant CAGR of 22.9% during the forecast period. Several governments globally are implementing smart city development projects, which is anticipated to strengthen the growth of this vertical over the forecast period
• The market in the Asia Pacific region is anticipated to witness the highest CAGR of 23.6% over the forecast period. The governments across the region are improving parking management and reducing traffic congestion and air pollution which is expected to fuel the demand for smart parking systems in the region

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

Smart Parking Systems Market Segmentation

Grand View Research has segmented the global smart parking systems market based on hardware, software, service, type, application, and region:

Smart Parking Systems Hardware Outlook (Revenue, USD Million, 2017 - 2030)

• Pucks (Wireless Sensors)
• Cameras & LPRs
• Smart Meters
• Signage
• Parking Gates

Smart Parking Systems Software Outlook (Revenue, USD Million, 2017 - 2030)

• Parking Guidance System
• Analytics Solutions

Smart Parking Systems Service Outlook (Revenue, USD Million, 2017 - 2030)

• Consulting Service
• Engineering Service
• Mobile App Parking Service

Smart Parking Systems Service Type Outlook (Revenue, USD Million, 2017 - 2030)

• On-street
• Off-street
  • Garage Parking
  • Lot Parking

Smart Parking Systems Service Application Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial
• Government
• Transport Transit

Smart Parking Systems Regional Outlook (Revenue, USD Million, Units, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Singapore
  • Thailand
  • Philippines
  • Hong Kong
  • Vietnam
  • Indonesia
• Latin America
  • Brazil
• MEA

List of Key Players in the Smart Parking Systems Market

• Altiux Innovations
• Amano McGann, Inc.
• Amco S.A.
• BMW AG (ParkNow GmbH, Parkmobile LLC)
• Cisco Systems, Inc.
• CivicSmart, Inc.
• Deteq Solutions
• Flowbird
• gtechna
• INDECT Electronics & Distribution GmbH
• Kapsch TrafficCom
• Libelium Comunicaciones Distribuidas S.L.
• Meter Feeder, Inc.
• Mindteck
• Municipal Parking Services, Inc.
• Nedap N.V.
• Park Assist
• ParkHelp Technologies
• ParkJockey
• ParkMe Inc.
• Robert Bosch GmbH
• Siemens AG
• SKIDATA AG
• Smart Parking Ltd.
• SpotHero, Inc.
• Swarco AG
• Urbiotica, S.L.

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.

Root Beer Market Growth With Worldwide Industry Analysis To 2030: Grand View Research Inc.

 Root Beer Market Growth & Trends

The global root beer market size is anticipated to reach USD 1.09 billion by 2030, registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. Root beer is a North American drink that’s been traditionally made using the root bark of the sassafras tree. Sassafras was banned by the Food and Drug Administration (FDA) in 1960 owing to the presence of safrole, a carcinogenic component. Thus, most commercial root beers available in the market contain the artificial flavoring of sassafras. However, some companies, such as Hansen Beverage, use safrole-free sassafras extract to retain the authenticity of root beer.

The global market is predominantly driven by the increasing demand for low-alcoholic beverages, the growing number of hotels, restaurants, & bars, and the increasing interest of millennials in exotic and new flavored drinks globally. With the changing lifestyle of consumers across the globe and increasing disposable income levels, the demand for services like restaurants, hotels, clubs, and bars is rising. This, in turn, is expected to favor the growth of the global market over the years to come. The outbreak of Coronavirus disrupted the distribution channel and supply chain of the global market owing to the closure and restrictions on bars, restaurants, and hotels. The overall market observed a slight dip in growth in 2020.

However, the sales from off-trade channels, such as supermarkets and e-commerce, were observed high during the lockdown period. The COVID-19 pandemic shifted consumer preference for root beer over other liquors as it contains no or small amount of alcohol, which makes it a healthier option over other drinks. New product launches, mergers & acquisitions, and geographical expansion are some of the key strategies adopted by market players to strengthen their industry position. For instance, in 2018, JAB Holding Co. entered into a strategic agreement to merge with Dr. Pepper Snapple Group through its Keurig Green Mountain business unit. The merger of both the companies formed “Keurig Dr. Pepper”. The combined companies offer various products under brands, such as A&W Root Beer, 7UP, Dr. Pepper, and more.

Request a free sample copy or view report summary: Root Beer Market Report

Root Beer Market Report Highlights

• The conventional product type segment accounted for the maximum revenue share of the global market in 2021
• The alcoholic product segment is expected to witness the fastest CAGR over the forecast period on account of the increasing consumer inclination towards low-alcoholic drinks
• The off-trade distribution channel segment is projected to register the fastest CAGR over the forecast period
• Supermarkets & hypermarkets, in particular, dominated the off-trade segment in 2021. The COVID-19 pandemic increased the off-trade sales of the product
• Europe is the second-largest regional market in the world. Countries, such as Germany, Italy, and France, are the major contributors to the regional market growth

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

Root Beer Market Segmentation

Grand View Research has segmented the global root beer market on the basis of product, type, distribution channel, and region:

Root Beer Product Outlook (Revenue, USD Million, 2017 - 2030)

• Alcoholic
• Non-alcoholic

Root Beer Type Outlook (Revenue, USD Million, 2017 - 2030)

• Conventional
• Diet

Root Beer Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• On-trade
• Off-trade

Root Beer Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Root Beer Market

• Keurig Dr. Pepper
• Anheuser-Busch Companies, LLC
• Blitz-Weinhard Brewing Co.
• Dad's Root Beer
• Sprecher Brewing Co. Inc.
• The Berghoff
• Bundaberg Brewed Drinks
• Whole Foods Market IP, L.P.

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.

Automated Parking System Market to Reach Around USD 6.66 Billion by 2030: Grand View Research Inc.

 Automated Parking System Market Growth & Trends

The global automated parking system market size is expected to reach USD 6.66 billion by 2030, registering a CAGR of 16.7% from 2022 to 2030, according to a new report by Grand View Research, Inc. The number of on-road vehicles has increased exponentially across major countries and has given rise to traffic congestion and parking space problems. This has resulted in the emergence of automated parking systems. Moreover, an automated solution improves convenience for vehicle owners or drivers by automatically parking the vehicles at a vacant spot available in the system. Additionally, increasing traffic congestion and inadequate parking space availability in the cities are driving the market growth.

The expansion of the infrastructure drives the marketplace for an automated parking system, along with the growing number of luxury and high-rise buildings and rising support from government bodies. Owing to these benefits, the demand for automated parking systems is anticipated to extend in residential and commercial buildings. Moreover, smart city initiatives across several countries are also driving the demand for advanced and smart automated solutions to reduce parking and pollution problems, the local public faces.

However, the rising number of vehicles of varying sizes in urban areas challenges the growth of the market. Moreover, the high initial investment is required for construction and maintenance per parking space in smart facilities, which increases the initial maintenance and operating costs of these spaces, which could also hinder the growth. However, the growing number of luxury and high-rise buildings, rising support from government bodies, and the increasing willingness of developers drive the marketplace for an automated parking system. Furthermore, the expansion of the infrastructure industry is expected to supply tremendous opportunities for installing an automated parking system in under-construction and newly constructing buildings.

Request a free sample copy or view report summary: Automated Parking System Market Report

Automated Parking System Market Report Highlights

• The hardware components contribute to the most significant share of the entire cost of the automated parking system. As a result, the hardware component segment accounts for a market share of over 80% in 2021
• The tower system segment accounted for the largest revenue share over 25%, in 2021. These systems are the most efficient as they save significant horizontal space and take full advantage of the vertical space in a parking facility. Thereby, the segment is anticipated to register significant growth over the forecast period
• The non-palleted segment is expected to gain significant traction over the forecast period at a CAGR of 14.1%. The growth can be attributed to the fact that these platforms require a single system to handle the movement of vehicles and reduce the overall parking cycle time by 30% to 35%
• The fully automated segment is expected to witness the fastest CAGR of 13.9% during the forecast period. Fully automated parking solutions offer advantages such as high efficiency, increased capacity, reduced emission, and high safety and convenience
• The residential end-use segment is expected to witness a significant CAGR of 14.5% during the forecast period. The growth can be attributed to the rising demand for luxury residential facilities and the increasing number of high-rise buildings with inbuilt parking systems across several urban settings globally
• The Asia Pacific regional market is expected to reach USD 2.44 billion by 2030. Increasing vehicle fleet, coupled with the low availability of spaces, is anticipated to create significant demand for automated parking systems in the region

Access Press Release@ https://www.grandviewresearch.com/press-release/global-automated-parking-systems-market

Automated Parking System Market Segmentation

For this study, Grand View Research has segmented the global automated parking system market based on component, structure type, platform type, automation level, end-use, and region.

Automated Parking System Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software

Automated Parking System Structure Type Outlook (Revenue, USD Million, 2017 - 2030)

• AGV System
• Silo System
• Tower System
• Rail Guided Cart (RGC) System
• Puzzle System
• Shuttle System

Automated Parking System Platform Type Outlook (Revenue, USD Million, 2017 - 2030)

• Palleted
• Non-palleted

Automated Parking System Automation Level Outlook (Revenue, USD Million, 2017 - 2030)

• Fully Automated
• Semi-automated

Automated Parking System End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Residential
• Commercial
• Mixed-use

Automated Parking System Region 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 Automated Parking System Market

• Skyline Parking
• Westfalia Parking
• Unitronics (1989) (R” G) Ltd.
• Klaus Multiparking GmbH
• Robotic Parking Systems, Inc.
• City Lift Parking, LLC
• Park Plus Inc.
• Wohr Parking System Pvt. Ltd.
• AutoMotion Parking Systems

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.

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.

Request a free sample copy or view report summary: Digital Transformation Market Market Report

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

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

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.