Chatbot Market Predicted to Witness Steady Growth During the Forecast Period

 Chatbot Market Growth & Trends

The global chatbot market size is expected to reach USD 3.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 25.7% from 2022 to 2030. The market is expected to witness significant growth during the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of chatbots, which acts as a major driver for the market.

A significant rise has been observed in the number of users of messaging services, which is expected to surpass the number of users of social networking sites. Additionally, there has been a significant development in the NLP field, which has resulted in streamlined interactions between computers and human languages. The entire chatbot ecosystem comprises various cross-linking features, which facilitate enhanced performance of chatbots in all applications. Most companies prefer in-built chatbots on their websites as they facilitate enterprises in providing instant customer interaction. For instance, Slack and Twitter messaging platforms are preferred by the majority of businesses.

North America dominated the market in 2021 and is expected to maintain its lead during the forecast period. The growth in this region is mainly attributed to the increasing deployment of chatbots in various business verticals. Technologies such as artificial intelligence, IoT, and APIs are evolving at a rapid speed. Chatbots are integrated with these technologies to offer enhanced operations, thereby driving market demand. Artificial intelligence and audio speech-based chatbots are expected to account for the largest market share in the future. Additionally, speech recognition has improved drastically, especially in terms of native languages, which is expected to result in the enhanced performance of chatbots in various applications.

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Chatbot Market Report Highlights

• Chatbots find various applications in the e-commerce, healthcare, and BFSI sectors. Large enterprises emerged as the largest end-user segment in 2021 with over 50.0% share
• The bots for marketing application segment is expected to register the fastest growth rate during the forecast period as these chatbots can connect the customers directly to service providers
• The standalone type segment is estimated to expand at a lucrative CAGR during the forecast period
• The Asia Pacific market is projected to expand at a CAGR of 26.1% from 2022 to 2030 owing to various technological developments across major economies
• Chatbots have found wide applications in large enterprises as they enable better understanding of consumer behavior with the help of machine learning

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Chatbot Market Segmentation

Grand View Research has segmented the global chatbot market based on end-user, application, type, product landscape, vertical, and region:

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

• Small Enterprises
• Medium Enterprises
• Large Enterprises

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

• Bots for Service
• Bots for Social Media
• Bots for Payments/Order Processing
• Bots for Marketing
• Others

Chatbot Type Outlook (Revenue, USD Million, 2017 - 2030)

• Standalone
• Web-based
• Messenger-based/Third Party

Chatbot Product Landscape Outlook (Revenue, USD Million, 2017 - 2030)

• Artificial Intelligence
• Marketing
• Human Intelligence

Chatbot Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Healthcare
• Retail
• Banking, Financial Services, and Insurance (BFSI)
• Media & Entertainment
• Travel & Tourism
• E-commerce
• Others

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

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

List of Key Players of the Global Chatbot Market

• [24]7.ai, Inc.
• Acuvate
• Aivo
• Artificial Solutions
• Botsify Inc.
• Creative Virtual Ltd.
• eGain Corporation
• IBM Corporation
• Inbenta Technologies Inc.
• Next IT Corp.
• Nuance Communications, Inc.

About Grand View Research

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

Global Demand for High Performance Message Infrastructure Market to Incur Considerable Upsurge During 2022– 2030: Grand View Research Inc.

 High Performance Message Infrastructure Market Growth & Trends

The global high-performance message infrastructure market size is expected to reach USD 3.3 billion by 2030, registering a CAGR of 15.2%, according to a new study conducted by Grand View Research, Inc. The increase in the adoption of IoT platforms is one of the key factors driving the market. Additionally, the development of enhanced IT infrastructure is driving the demand for high-performance message infrastructure platforms and services. In addition, the growing need to handle message distribution and communication across distributed applications is expected to drive the growth of the market during the forecast period.

High-performance message infrastructure is a technology that provides a single shared messaging provision for a safe, easy, enhanced, and efficient integration of applications and services on numerous platforms. Moreover, even in fluctuating connectivity circumstances, a high-performance message infrastructure allows users to ensure uninterrupted functioning of the systems and avoid information loss. The growing awareness about cloud-based solutions among enterprises is contributing to the growth of the market. Enterprises are scouting for a steady and uninterrupted storage solution to back up the message queue.

The subsequent lockdowns, travel bans, restrictions on the movement of people, and business shutdowns took a severe toll on the global economy and affected several businesses worldwide. However, high-performance message infrastructure solutions continued to be implemented by several corporations throughout the world to manage high payload data transfer rates and high message rates. The outbreak of the COVID-19 pandemic is particularly prompting organizations to prefer cloud-based solutions over on-premise solutions. Cloud-based solutions provide several benefits in terms of scalability, security, data transmission rate, and ease of installation, among others. The growing demand for cloud-based solutions is creating new opportunities for the growth of the market.

The market has also benefitted from the high adoption of hybrid solutions and integration platforms, which, in turn, is contributing to the increasing investments in online high-performance message infrastructure components. Growing internet and smartphone penetration rate, the rising preference for cloud-based solutions, and the strong emphasis organizations are putting on making data-driven decisions for business growth are encouraging high performance message infrastructure providers to offer advanced solutions in line with the increasing demand. The growing adoption of chat applications is particularly prompting market players to launch solutions that can potentially ensure seamless communication between the endpoints without compromising on security.

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High Performance Message Infrastructure Market Report Highlights

• The service segment is anticipated to register the highest growth rate during the forecast period.The growing dependency of organizations on outsourcing IT services has further created traction in the market, thereby contributing to segment growth
• The transportation and logistics segment is anticipated to register the highest growth rate during the forecast period.Growing advancements in technology, and the rising urge to deploy innovative maintenance management solutions to save time, money, and reduce asset breakdowns and failures are driving the adoption of high-performance message infrastructure solutions in this segment
• Asia Pacific is anticipated to witness the highest CAGR during the forecast period. Due to the benefits provided by advanced message infrastructure solutions, the Asia Pacific market is anticipated to witness significant demand for these solutions during the forecast period

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High Performance Message Infrastructure Market Segmentation

Grand View Research has segmented the high-performance message infrastructure market based on component, industry vertical, and region:

High Performance Message Infrastructure Component Outlook (Revenue, USD Million, 2017 - 2030)

• Software
• Services

High Performance Message Infrastructure Industry Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• IT & Telecom
• Government
• Retail
• Energy & Utilities
• Transportation & Logistics
• Others

High Performance Message Infrastructure Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of the Global High Performance Message Infrastructure Market

• Amazon Web Services, Inc.
• Confinity Solutions GmbH
• IBM Corporation
• MuleSoft LLC
• Oracle
• Red Hat, Inc.
• SAP SE
• Solace
• TIBCO Software Inc.
• TWILIO 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.

Audiobooks Market Forecast 2030 Top Companies, Trends and Growth Factors Details for Business Development

 Audiobooks Market Growth & Trends

The global audiobooks market size is anticipated to reach USD 35.05 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 26.4% from 2022 to 2030. Audiobooks are voice-recorded files of books by the authors themselves or other vocal narrators. Audiobooks are beneficial for people who have reading or viewing disabilities, prefer doing multiple tasks at a time, or even if they are non-English speakers.

The audiobooks industry has grown tremendously in recent years due to the rise in demand for audiobooks and the growing presence of audiobook subscription start-ups. Audiobooks are always delivered and attended digitally on a tablet, mobile, or computer, ensuring copyright protection and reducing distribution costs. The integration of play, pause, forward, and rewind features in audiobooks has enabled users to conveniently attend their books, making them more appealing than their hardcover counterparts.

According to an annual survey conducted by Audio Publishers Association (APA), a not-for-profit trade association in the U.S., in 2021, 56% of audiobook listeners were below the age of 45, which is an increase of 52% from 2020. The survey also indicated that around 55% of the users listened to audiobooks mostly at home, followed by 30% of users listening to audiobooks in cars. Additionally, over 71,000 audiobooks were published in 2020, with the percentage of youngsters under the age of 17 listening to audiobooks increasing from 35% to 49%.

The audiobook market gained more relevance and traction due to the COVID-19 pandemic, owing to its easy accessibility and convenience. The global lockdown and social distancing norms have enabled libraries and publication houses to increase their business for audiobooks and e-books. Also, many associations collaborated with audiobook and e-book vendors to provide digital books to the libraries for easy accessibility.

For instance, in May 2021, The Digital Public Library of America (DPLA) entered into an agreement with Amazon Inc., a trade publisher of nonfiction, fiction, and children's books, to make all Amazon Publishing's e-digital audiobooks and e-books available to libraries.

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Audiobooks Market Report Highlights

• In 2021, the fiction genre remained the most popular in audiobooks, accounting for around 65.0% of the total revenue share
• The subscription model-based services are predicted to outperform one-time download services, as paying per audiobook download is more expensive
• The kid’s audiobook segment is expected to experience the fastest expansion with a CAGR of 29.0% during the projection period. This exponential expansion is due to the benefits of audiobooks for kids, including sensory and interactive learning
• The U.S. registered the largest revenue share in 2021 for the audiobook market, due to the growing compatibility on mobile devices and listening convenience for consumers

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Audiobooks Market Segmentation

Grand View Research has segmented the global audiobooks market based on genre, preferred device, distribution channel, target audience, and region:

Audiobooks Genre Outlook (Revenue, USD Billion, 2018 - 2030)

• Fiction
• Non-fiction

Audiobooks Preferred Device Outlook (Revenue, USD Billion, 2018 - 2030)

• Smartphones
• Laptops & Tablets
• Personal Digital Assistants
• Others

Audiobooks Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• One-time download
• Subscription-based

Audiobooks Target Audience Outlook (Revenue, USD Billion, 2018 - 2030)

• Kids
• Adults

Audiobooks Region Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Nordic Countries
• Asia Pacific
  • China
  • Australia
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players in the Audiobooks Market

• com, Inc.
• Apple Inc.
• Audible, Inc
• Barnes & Noble Booksellers, Inc.
• Downpour
• Google LLC
• PLAYSTER (SOFTONIC INTERNATIONAL S.A.)
• Rakuten Group, Inc.
• Storytel
• F.Howes 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.

Enterprise Video Market to Witness a Pronounce Growth During 2022– 2030: Grand View Research Inc.

 Enterprise Video Market Growth & Trends

The global enterprise video market size is expected to reach USD 48.85 billion by 2030, registering a CAGR of 13.8% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The drastic rise in the number of online video viewers is playing a major role in driving the market growth. According to the popular video streaming platform, YouTube, it has over 2 billion users, and around 5 billion videos are watched every day on the site. Moreover, several businesses are now including video as a part of their content marketing strategy, which, in turn, is positively influencing the market statistics.

The growth of the market is being further proliferated by the burgeoning demand for video conferencing and webcasting solutions across various organizations. They use these services to improve the collaboration between internal and external stakeholders and facilitate effective customer engagement.

The synergy between enterprise video and digital signage has helped organizations increase their brand awareness, product awareness, and customer engagement which will drive the market growth in the upcoming years. For instance, banks use signage and kiosks at branch locations to develop distinguished business strategies and create customer value. It helps banks to promote their products and services, such as loans, credit cards, etc.

Moreover, several venture capital firms are now providing funds to the startups developing enterprise video solutions. For instance, in March 2022, an Indian startup 100ms, Inc., engaged in the development of live video conferencing infrastructure, raised USD 20 million in a Series A funding round to enhance the next-generation video apps. The major players in the market are introducing innovative live streaming applications to gain a competitive edge in the industry. For instance, IBM Corporation provides an IBM Video Streaming platform that helps users broadcast multiple live-streamed content. This platform offers full control to the organizations over the content.

The emergence of the COVID-19 pandemic created remunerative opportunities for the enterprise video market due to increased demand for video conferencing solutions across various organizations and government institutions. As a response to the global health crisis, the governments across various countries are now allocating funds to the law enforcement agencies to help them incorporate enterprise video solutions to conduct their operations. To illustrate, in April 2020, the Ohio Supreme Court announced to allocate USD 4 million to the high courts for deploying video conferencing systems.

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Enterprise Video Market Report Highlights

• The video content management segment is expected to gain traction with increasing investments in the social media and content sharing platforms by the gaming companies to target potential customers
• The managed services segment is anticipated to grow significantly with the increased consumer demand as these services help in saving costs. These services cut the recurring in-house costs by around 30 to 40%
• The increasing emphasis on cloud deployment by the major tech companies such as Amazon Web Services, Inc., and Microsoft to establish robust security and compliance standards, is expected to enhance the cloud segment outlook
• The marketing and client engagement segment is set to record a substantial CAGR of 14.5% with rising demand for influencers across numerous advertising and marketing firms
• The SME segment is estimated to witness a CAGR of more than 15.4% through 2030 owing to the increasing demand for freemium services, such as the one offered by Zoom Video Communications, Inc
• The healthcare segment in the market is expected to showcase substantial growth as several government agencies, including Healthcare U.K., and the U.S. Department of Health, etc. are focusing on holding webcasts

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Enterprise Video Market Segmentation

Grand View Research has segmented the global enterprise video market based on solution, services, application, deployment, delivery technique, organization size, end-use, and region:

Enterprise Video Solution Outlook (Revenue, USD Billion, 2018 - 2030)

• Video Conferencing
• Video Content Management
• Webcasting

Enterprise Video Services Outlook (Revenue, USD Billion, 2018 - 2030)

• Integration & Deployment
• Managed Service
• Professional Service

Enterprise Video Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud
• On-premises

Enterprise Video Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Corporate Communications
• Training & Development
• Marketing & Client Engagement

Enterprise Video Delivery Technique Outlook (Revenue, USD Billion, 2018 - 2030)

• Downloading/ Traditional Streaming
• Adaptive Streaming
• Progressive Downloading

Enterprise Video Organization Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprise
• Small & Medium Enterprise (SME)

Enterprise Video End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• IT & Telecom
• Banking, Financial Services, and Insurance (BFSI)
• Healthcare & Life Sciences
• Media & Entertainment
• Education
• Retail & Consumer Goods
• Others

Enterprise Video Regional Scope (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of Enterprise Video Market

• Adobe
• Avaya Inc.
• Brightcove Inc.
• Cisco Systems, Inc.
• IBM Corporation
• Kaltura, Inc.
• Microsoft
• Polycom, Inc. (Plantronics, Inc.)
• VBrick
• Vidyo, 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.

Vehicle Electrification Market is Expected to Enhance USD 187.13 Billion Revenue By 2030: Grand View Research Inc.

 Vehicle Electrification Market Growth & Trends

The global vehicle electrification market size is expected to reach USD 187.13 billion by 2030, registering a CAGR of 9.7% during the forecast period, according to a new report by Grand View Research, Inc. The market is witnessing tremendous growth owing to several benefits such as reduced vehicle weight, higher fuel efficiency, improved driving comfort, and safety features in an electric vehicle.  

The increasing conventional fossil fuel prices and rising electric vehicle sales are prompting the electrification of automobiles. The increasing customer demand for fuel-efficient automobiles, stringent emission rules, and growing environmental concerns are all expected to drive the growth of the market for vehicle electrification.

The vehicle generally uses diesel or electricity as its power source. However, due to the growing environmental concerns over carbon emissions and rising crude oil prices. Governments of the countries such as India, China, and the U.S. are pivoting toward complete vehicle electrification. It encourages heavy investments from the government and private entities that are used for the development of electric vehicles and their infrastructure. These factors are further driving the market growth.

The electric system is replacing several hydraulic or mechanical systems in a vehicle. For instance, hydraulic power steering is replaced with electric power steering, mechanical or hydraulic pumps are replaced with electric pumps, etc. Furthermore, vehicle electrification decreases reliance on oil, which is a finite resource. All of these factors are projected to drive the global vehicle electrification market.

Clean energy generation in such vehicles has a significant environmental impact since it decreases harmful emissions from tailpipes and the power grid. Additionally, the electrification process incurs fewer operating costs and requires low maintenance as it eliminates the use of lubricant or coolant in the vehicle. The mechanical integration through electrification enhances overall functioning and efficiency, which is expected to drive the market further during the forecast period.

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Vehicle Electrification Market Report Highlight

• The global vehicle electrification market is expected to reach USD 187.13 billion by 2030 with a CAGR of 9.7% during the forecasted period
• The EPS segment is chosen with a higher preference between end-users than other steering systems because of many advantages such as energy economy, decreased mechanical complications, and the ability to simply adjust and simpler interface
• The Asia Pacific market is projected to witness substantial growth during the next decade owing to the growing large-scale adoption of vehicle electrification methods in the automobile sector. The regional market is expected to grow at a CAGR of 9.1% from 2022 to 2030

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

Vehicle Electrification Market Segmentation 

Grand View Research has segmented the global vehicle electrification market based on the product, hybridization, and region: 

Vehicle Electrification Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Start/Stop System
• Electric Power Steering
• Liquid Heater Ptc
• Electric Air Conditioner Compressor
• Electric Vacuum Pump
• Electric Oil Pump
• Electric Water Pump
• Starter Motor & Alternator
• Integrated Starter Generator (ISG)
• Actuator

Vehicle Electrification Hybridization Outlook (Revenue, USD Billion, 2018 - 2030)

• Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
• HEV
• PHEV
• BEV

Vehicle Electrification Region Outlook (Revenue, USD Billion, 2021 - 2030)

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

List of Key Players in the Vehicle Electrification Market

• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• Delphi Automotive PLC
• Johnson Electric
• Mitsubishi Electric Corporation

About Grand View Research

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

Cargo Bicycles Market is Growing at Significant Rate, 2030: Grand View Research Inc.

 Cargo Bicycles Market Growth & Trends

The global cargo bicycles market size is expected to reach USD 12,061.0 million by 2030, according to a new report by Grand View Research, Inc. Furthermore, the market is projected to advance at a significant CAGR of 22.3% from 2022 to 2030. Europe is expected to offer tremendous growth opportunities for the cargo bicycle market due to the localized presence of several bicycle manufacturers and rising awareness regarding environmentally efficient transportation.

The increasing encouragement for using non-polluting vehicles over short-distance commutes by governments fuels market growth. Moreover, consumers are shifting towards e-commerce and food delivery services, which increases logistic companies' need for more delivery partners. In September 2021, the Dublin City Council partnered with Bleeper to launch a cargo bicycle scheme, allowing local businesses to purchase e-cargo bicycles at a discounted rate. These e-cargo bicycles enable businesses to leverage a low-cost, low-risk, environment-friendly, and sustainable solution.

Electric cargo bicycles are efficient in delivering couriers when compared to vans in densely populated and urban areas. These bicycles also significantly minimize emissions and carbon footprint and are more viable than electric vans. Rising government support for low-carbon and clean air initiatives has fueled the adoption of cargo bicycles, enabling low-traffic neighborhoods (LTNs) in urban centers. During the coronavirus pandemic, the proliferation of home deliveries and online shopping activities increased significantly.

Cargo bicycles enable delivery partners to bypass traffic jams and minimize congestion on streets. In December 2021, FedEx expanded its fleet of e-cargo bicycles across the U.K. The company has included the cities of Cambridge, Edinburgh, and Glasgow in its mission of zero-emission delivery. The implementation of e-cargo bicycles in these cities is anticipated to fulfill the rising demand for deliveries in dense urban areas, reducing the environmental impacts of transportation.

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Cargo Bicycles Market Report Highlights

• The demand for cargo bicycles is projected to increase significantly in the coming years, owing to increasing concerns regarding sustainable transportation and rising demand for last-mile deliveries
• The demand for electric cargo bicycles is rising due to the growing requirement of carrying heavy loads and commuting to places across the city by courier companies
• The two-wheeled cargo bicycle segment is expected to hold the largest market share and expand at a CAGR of 22.0% from 2022 to 2030
• The electric cargo bicycle segment is projected to advance at the highest CAGR during the forecast period
• The market has overseen the presence of several cargo bicycle manufacturers across North America and Europe. These regions feature a well-developed infrastructure and account for a sizeable cumulative share of the global market

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Cargo Bicycles Market Segmentation

Grand View Research has segmented the global cargo bicycles market on the basis of product, type, wheel size, application, and region.

Cargo Bicycles Product Outlook (Revenue, USD Million, 2017 - 2030)

• Two-Wheeled
• Three-Wheeled
• Four-Wheeled

Cargo Bicycles Type Outlook (Revenue, USD Million, 2017 - 2030)

• Electric
• Non-electric

Cargo Bicycles Wheel Size Outlook (Revenue, USD Million, 2017 - 2030)

• Below 20"
• 20"-24"
• 25"-28"
• Above 28"

Cargo Bicycles Application Outlook (Revenue, USD Million, 2017 - 2030)

• Personal
• Commercial
  • Courier & Parcel Service
  • Rental/Custom Fleets
  • Facility Maintenance
  • Waste, Municipal Services
  • Others

Cargo Bicycles Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Cargo Bicycles Market

• Smart Urban Mobility B.V.
• Xtracycle
• Tern
• Rad Power Bikes
• Worksman Cycles
• Yuba Bicycles LLC
• Cycles Maximus Ltd.
• Triobike A/S
• Elian Cycles
• Surly Bikes

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. Cannabis Market: Precise Analysis on Business Overview, Product Scope And Ongoing Development By 2030

 U.S. Cannabis Market Growth & Trends

The U.S. cannabis market size is expected to reach USD 40.0 billion by 2030 and is expected to expand at a CAGR of 14.9% over the forecast period, according to a new report by Grand View Research, Inc. The increased legalization of cannabis for medical and recreational purposes is driving the market growth. Cannabis legalization has influenced the growth. The possibility of abuse owing to cannabis utilization has been reduced due to major, gradual legalization initiatives in many states. While some states have yet to authorize cannabis for recreational use, perspectives toward its usage and sale have shifted over time. As a result, cannabis use has become more popular, moving the overall cannabis business ahead. The safe utilization of marijuana due to legalization is benefitting the growth of the market.

Based on type, the medical segment dominated the market with a revenue share of 77.5% in 2021. Some of the primary factors responsible for this are increased knowledge about the medicinal benefits of cannabis, rising demand for plant-based medicines in pain management, and increasing legalization of cannabis for medical uses. Several states have authorized medicinal marijuana in recent years, although its prescription is based on the physician's preference and the patient's desire. The market is likely to develop at a healthy rate over the forecast period as the number of states that have legalized medical marijuana increases.

Based on the source, the marijuana segment dominated the market with a revenue share of 85.5% in 2021 owing to the use of marijuana for recreational as well as medicinal purposes. Also, the growing consumer base and legal purchasing of marijuana products are boosting the segment growth. Moreover, the initiatives undertaken by the government to legalize the consumption and selling of marijuana in different states in the region are impelling the segment growth.

Based on derivative type, the CBD segment dominated the market with a revenue share of 66.3% in 2021. The growing acceptance of CBD products and legalization of CBD in the region are the major factors contributing to the dominance of the segment. Also, CBD has shown its potential in treating various diseases like PTSD and different types of cancer. Moreover, the key players focusing on the development of CBD-infused products is another factor boosting the growth of the segment.

The COVID-19 pandemic outbreak dramatically impacted the cannabis supply chain and has thrown it into turmoil. As a result of the significant ban, the availability of cannabis in dispensaries has dropped due to the global lockdown. Furthermore, the COVID-19 pandemic has harmed the export industry. As a result of the disruption, the distribution system has been interrupted by lockdowns in major countries, affecting both import and export commerce from the U.S. to other countries. On the other hand, the number of patients using cannabis as a medication is certain to rise due to the rise in the number of diseases that require cannabis treatment, thereby paving way for the growth of the market in the forthcoming years.

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U.S. Cannabis Market Report Highlights

• The U.S. market for cannabis is anticipated to be valued at USD 40.0 billion by 2030, owing to growth at an exponential rate. Despite its discrepancy in legality across states, businesses are working hard to keep up with rising demand and frequent legislative changes affecting each state in the country
• The medical end-use segment dominated the market with a 77.5% revenue share in 2021 owing to the increasing research activity and growing scientific literature supporting its benefits in the treatment of various chronic diseases
• Based on source, the marijuana segment dominated the market with an 85.5 % share of the revenue in 2021, owing to the recognition of cannabis for medical purposes and increasing legalization of its use
• Based on derivatives, the CBD segment dominated the market with a revenue share of 66.3% in 2021 due to its rise in acceptance as a potent pain reliever and its use to treat several other conditions

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U.S. Cannabis Market Segmentation

Grand View Research has segmented the U.S. cannabis market based on end-use, source, and derivatives:

U.S. Cannabis End-use Outlook (Revenue, USD Million, 2016 - 2030)

• Medical
  • Cancer
  • Chronic Pain
  • Depression and Anxiety
  • Arthritis
  • Diabetes
  • Glaucoma
  • Migraines
  • Epilepsy
  • Multiple Sclerosis
  • AIDS
  • Amyotrophic Lateral Sclerosis
  • Alzheimer’s
  • Post-Traumatic Stress Disorder (PTSD)
  • Parkinson's
  • Tourette’s
  • Others
• Recreational
• Industrial

U.S. Cannabis Source Outlook (Revenue, USD Million, 2016 - 2030)

• Marijuana
  • Flowers
  • Oil and Tinctures
• Hemp
  • Hemp CBD
  • Supplements
  • Industrial Hemp

U.S. Cannabis Derivative Outlook (Revenue, USD Million, 2016 - 2030)

• CBD
• THC
• Others

List of Key Players in the U.S. Cannabis Market

• Canopy Growth Corporation
• GW Pharmaceuticals, plc
• Aurora Cannabis, Inc.
• Aphria, Inc.
• Cronos Group
• Tilray

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.

Treatment Planning Systems And Advanced Image Processing Market Plying for Significant Growth During 2022-2030: Grand View Research Inc.

 Treatment Planning Systems And Advanced Image Processing Market Growth & Trends

The global treatment planning systems and advanced image processing market size is expected to reach USD 3.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.3% from 2022 to 2030. The growing number of cancer cases and increasing digitalization of healthcare facilities are some of the major factors anticipated to propel the adoption of treatment planning systems and advanced image processing solutions over the years. According to WHO, there are around 10 million deaths due to cancer in 2020, which is accounted for about one in every six deaths. In addition, the growing advancement of medical imaging and radiotherapy with integrated AI systems to diagnose tumors or cancer is also anticipated to fuel market growth in the near future. Furthermore, increasing investments by the manufacturers to develop advanced image processing equipment further support market growth.

The treatment planning software segment dominated the market and accounted for revenue share of 88.1% in 2021. This share of the segment is attributable to the increasing adoption of treatment planning software in radiation therapy to develop a plan for how the system will deliver the radiation. In addition, these software programs also help medical professionals to generate high-quality treatment plans such as the dose distribution in the patient’s tissue and minimization of collateral damage from the therapy. Furthermore, the increase in innovation and growing adoption of Machine Learning (ML) and Artificial Intelligence (AI) based treatment planning software to improve diagnosis and treatment outcomes further supports the growth of the segment.

The in-room imaging segment is anticipated to account for highest market revenue share of 55.4% in 2021. The increase in the number of complex radiotherapy procedures requires in-room image guidance to improve accuracy and precision. Furthermore, the rise in preference and adoption of in-room imaging technology by the healthcare and radiology facilities for decision-making and intervention is also expected to accelerate the segment growth.

In addition, the validation of the image registration segment accounts for a high revenue share of 27.4% in 2021 by application owing to the increasing use of treatment planning systems for accuracy validation in medical image registration techniques, which is very essential in several clinical applications.

North America dominated the market in terms of the revenue share of 38.5% in 2021 followed by Europe. The increasing number of cancer patients and the presence of advanced healthcare infrastructure are some of the major factors for the high revenue share of this region. In addition, increasing healthcare expenditure and high adoption of advanced medical imaging technology is further supporting to the growth of this segment. Moreover, the presence of skilled medical professionals and rapid shift towards the digitalization of healthcare infrastructure is also anticipated to fuel market growth in North America.

Moreover, the COVID-19 pandemic has changed the way of medical services. The increasing adoption of healthcare digitalization platforms with AI and machine learning integration has positively impacted the market growth during the COVID-19 pandemic. Moreover, the increase in online patient monitoring and the growing development of advanced image processing and treatment planning software further propelled market growth. Increasing government initiatives for remote diagnosis of patients and the growing number of cancer patients also drove the adoption of treatment planning software. However, the interruption of the supply chain, shortage, and shifting of medical staff to manage coronavirus disease has certainly reduced the number of medical imaging procedures which in turn moderately impacted the adoption of advanced medical imaging technology.

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Treatment Planning Systems And Advanced Image Processing Market Report Highlights

• The market is anticipated to witness significant growth of 8.3% over the forecast period owing to increasing prevalence of cancer and rising AI based product development activities for better treatment planning and advanced image processing
• The treatment planning software segment dominated the market and accounted for revenue share of 88.1% in 2021, owing to increased demand for accurate and precise treatment options
• The in-room imaging segment dominated the market and accounted for highest revenue share of 55.4% in 2021 owing to increase in number of complex radiotherapy procedures, which requires in-room image guidance to improve the accuracy and precision
• Validation of image registration application dominated the market in 2021 owing to increasing use of treatment planning systems for accuracy validation in medical image registration techniques
• North America dominated the market and accounted for revenue share of 38.5% in 2021 owing to the increasing number of cancer patients and presence of advanced healthcare infrastructure

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Treatment Planning Systems And Advanced Image Processing Market Segmentation

Grand View Research, Inc. has segmented the global treatment planning systems and advanced image processing market on the basis of component, application, technique, and region:

Treatment Planning System And Advanced Image Processing Component Outlook (Revenue, USD Million, 2016 - 2030)

• Advanced Image Processing Software
• Treatment Planning Software
  • Auto-Contouring Software
  • Multi-Modality Software
  • PET/CT Deformable Software
  • DICOM-RT Software

Treatment Planning System And Advanced Image Processing Technique Outlook (Revenue, USD Million, 2016 - 2030)

• 3D Image Reconstruction
• In-Room Imaging
• Image Registration using Graphics Processor Unit

Treatment Planning System And Advanced Image Processing Application Outlook (Revenue, USD Million, 2016 - 2030)

• Adaptive Radiotherapy
• Online Monitoring
• Tracking
• Dose Accumulation
• Validation of Image Registration

Treatment Planning System And Advanced Image Processing Regional Outlook (Revenue, USD Million, 2016 - 2030)

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

 List of Key Players of Treatment Planning Systems And Advanced Image Processing Market

• Accuray Incorporated
• Elekta
• Philips Healthcare
• RaySearch Laboratories
• Varian Medical Systems
• Brainlab
• Prowess Inc.
• DOSIsoft SA
• ViewRay Inc.
• MIM Software Inc.

About Grand View Research

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

Kaempferol Market Top Players ,Analysis And Forecast Till 2030: Grand View Research Inc.

 Kaempferol Market Growth & Trends

The global kaempferol market size is expected to reach USD 5.29 billion by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.9% from 2022 to 2030. The market is majorly driven by rising consumer awareness regarding different diseases such as diabetes, cancer, and obesity. It is used in various pharmaceutical products on the account of its anti-inflammatory, anti-cancer, cytoprotective, and anti-oxidant properties.

The 98% kaempferol segment is expected to witness a significant rise in the consumption level across regions due to its superior quality. The higher purity of kaempferol is often used for the treatment of chronic diseases. Increasing cases of ovarian cancer among females due to the excessive consumption of alcohol, genetics, and fluctuating dietary patterns are likely to positively impact the market growth over the forecast period.

In the food and beverage industry, kaempferol is available in green vegetables, teas, fruits, and wine. Black and white tea produce an inhibitory effect on tumor promotion and green tea protects cancer cells. The growing product usage in the food and beverage industry is anticipated to boost the market demand in the coming years. In addition, it is used as an antioxidant ingredient in numerous cosmetic products such as sunscreen, gels, lotion, and face toner.

The Asia Pacific region is anticipated to witness significant growth on the account of the rising popularity of sports activities among youth across the region, especially in Japan and China. The consumption of dietary supplements has become a part of an athlete’s daily routine as it improves the recovery time after exercise as well as enhances their performance. This, in turn, is likely to boost the consumption of dietary supplements, and thus trigger the market growth.

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Kaempferol Market Report Highlights

• The 50% purity segment is expected to expand at an exponential CAGR of 4.8% in terms of revenue over the forecast period owing to its rising demand from dietary supplements manufacturers as it helps in weight management and aids several diseases
• The cosmetics application segment is expected to register the fastest revenue-based CAGR of 4.3% over the forecast period as it is widely used as an anti-aging ingredient in various cosmetic products such as sunscreen, face toner, gels, and serums
• Asia Pacific is expected to expand at the fastest revenue-based CAGR of 4.3% over the forecast owing to the rising demand for cancer drugs in the region. Drugs containing kaempferol are less toxic than standard chemotherapy drugs and possess anti-carcinogenic properties
• The market is fragmented with few key players engaged in continuous R&D and new product launches aiming to enhance product portfolio

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Kaempferol Market Segmentation

Grand View Research has segmented the global kaempferol market on the basis of purity, application, and region:

Kaempferol Purity Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• 10%
• 20%
• 50%
• 95%
• 98%

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

• Food & Beverages
• Cosmetics
• Pharmaceuticals
• Dietary Supplements
• Others

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

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

List of Key Players of Kaempferol Market

• Otto Chemie Pvt. Ltd.
• TCI Chemicals (India) Pvt. Ltd.
• Biosynth Carbosynth
• Aktin Chemicals
• FUJIFILM Wako Chemicals
• INDOFINE Chemical Company, Inc.
• BioVision 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.

3D Animation Market With Strong Application and Scope By 2030

 3D Animation Market Growth & Trends

The global 3D animation market size is expected to reach USD 51.03 billion by 2030, according to the latest report by Grand View Research, Inc. The market is expected to register a CAGR of 12.1% from 2022 to 2030. The rising demand of consumers for realistic and appealing content has made the public embrace 3D animation technology, leading to increased demand for technology. The growing acceptance of technology for visual effects in movies and the increasing demand for high-quality animation by customers drive the global market.

The adoption of 3D animation technology, also known as Computer Generated Imagery (CGI), significantly increased in the media and entertainment industry, owning to the deployment of Visual Effects (VFX) by animators, movie makers, and game player developers. Various technological advancements are driving the market, so technological advancements in the television and communication industries are the key driver for global market growth. Key driving factors for the increase in the animation market are- emphasis on quality HD videos, technology, and multiple usages of 3D animation.

The combination of Artificial Intelligence (AI) and 3D animation technology has made the process of stimulation quick and effortless. Many technology companies partner with Artificial Intelligence technology providers to simplify their simulation tasks and improve the overall working of several functions. For instance, in November 2020, the acquisition of software company Spacemaker, a provider of cloud-based AI software, by Autodesk, Inc. has allowed the company to accelerate the process of designing, planning, and developing infrastructure and town planning. This way, companies are coming forward and, with the help of emerging technologies making business more accessible. Many tech giants have already started integrating 3D technologies and AI support into their companies.

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3D Animation Market Report Highlights

• The global market is being driven by the increasing use of visual effect technology in films and customer demand for high-quality animation. Furthermore, the enhanced use of 3D mobile apps and games propels the market growth
• Based on the component segment, the 3D animation software segment is anticipated to record the highest CAGR of 13.2% from 2022 to 2030
• Based on the technique segment, the 3D modeling segment accounts for the largest revenue share in 2021, while the virtual effects segment projects the highest potential for growth of 13.8% over the forecast period
• The North America region contributed the largest revenue share in 2021 in the market. The Asia Pacific region is expected to record the highest CAGR of 13.3% for the forecast period

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3D Animation Market Segmentation

Grand View Research has segmented the global 3D animation market based on technique, component, deployment, end-use, and region:

Technique Outlook (Revenue, USD Million, 2018 - 2030)

• 3D Modeling
• Motion Graphics
• 3D Rendering
• Visual Effects

Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
• Software
• Services

Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• On-premise
• On-demand

End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Media & Entertainment
• Architecture & Construction
• Education & Academics
• Manufacturing
• Healthcare & Life Sciences
• Government & Defence
• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of key players in the 3D animation market

• Autodesk, Inc.
• Corel Corporation
• Adobe Systems Incorporated
• NVIDIA Corporation
• Side Effects Software Inc.
• Maxon Computer

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.