Digital Experience Platform Market to Register Stable Expansion During 2022 – 2030: Grand View Research Inc.

 Digital Experience Platform Market Growth & Trends

The global digital experience platform market size is estimated to reach USD 30.41 billion by 2030, registering a CAGR of 13.3% over the forecast period, according to a new report by Grand View Research, Inc. The COVID-19 pandemic prompted a critical expansion among organizations as they realized the need for digital transformation and supported new growth opportunities for the digital experience platform market. Moreover, organizations are heavily investing in advanced technologies such as Machine Learning (ML), Artificial Intelligence (AI), and data analytics, this is relied upon to drive the DXP market over the forecast period. Digital experience platform is a critical channel for customer engagement and commitment as it eliminates redundancy, improves the transactional experience and operational efficiency.

Digital experience platforms provide an integrated control center that benefits organizations by empowering them with data analytics and content management capabilities. Moreover, these platforms permit businesses to focus on a larger customer base by designing and planning new products and implementing new business models and services. Digital experience platforms assist in the smooth transformation of business activities, conventional processes, and plans of action to benefit from new technological changes and opportunities relating to modern innovations.

Digital experience platforms offer consistency by permitting organizations to plan and deliver the same content across all touchpoints. Digital experience platforms can be easily integrated with the existing set of business processes such as CRM, contact centers, and social media platforms. Organizations deploy DXP to leverage machine learning power and accumulate noteworthy customer insights. Providing the right value at the right touchpoint has become extremely important, for instance, call centers have the information entered by customers in online forms before calling. Digital experience platform can automatically identify consumer trends and based on that it can further create customer segments, with the help of this organizations can obtain powerful insights helping them boost their return on investment. 

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Digital Experience Platform Market Report Highlights

• The platform segment is expected to witness considerable CAGR at 12.9% over the forecast period. The rise in the adoption rate of digital experience platforms by organizations to implement improved customer engagement practices is driving the development of this segment
• In terms of deployment, the cloud segment is expected to expand at a promising CAGR of 16% from 2022 to 2030. The cloud segment offers multiple benefits such as convenience, improved security at lower cost, on-demand scalability, easy deployment, and reduced investments into physical infrastructure
• The Business-to-Consumer application is expected to observe the fastest development over the forecast period because of the rising interest in content personalization to offer an enhanced customer engagement experience
• In terms of end use, the retail segment is anticipated to expand at a significant CAGR and reach USD 8.98 billion by 2030. This can be due to multiple reasons such as the high focus on omnichannel marketing, the speedy growth of online B2B and B2C e-tailers, and the rising inclination to a customer-driven approach
• The Asia Pacific regional market is anticipated to expand at a significant rate and reach USD 7.80 billion by 2030. This can be due to the high penetration rate of mobile and web shopping applications in several developing countries such as China and India

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Digital Experience Platform Market Segmentation

Grand View Research has segmented the global digital experience platform market based on component, deployment, application, end use, and region:

Digital Experience Platform Component Outlook (Revenue, USD Million, 2017 - 2030)

• Platform
• Services

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

• On-premise
• Cloud

Digital Experience Platform Application Outlook (Revenue, USD Million, 2017 - 2030)

• Business-to-Consumer
• Business-to-Business
• Others

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

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

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

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

List of Key Players in Digital Experience Platform Market

• com, Inc.
• Acquia Inc.
• ADOBE INC.
• International Business Machines Corporation
• Liferay, Inc.
• Microsoft Corporation
• Open Text Corporation
• Oracle Corporation
• SAP SE
• Sitecore

About Grand View Research

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

U.S. Hospital Emergency Department Market Valuation to Reach USD 246.3 Billion by the end of 2030: Grand View Research Inc.

 

U.S. Hospital Emergency Department Market Growth & Trends

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

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

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

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

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

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U.S. Hospital Emergency Department Market Report Highlights

• The private and others segment dominated the market in 2021 and is expected to register the highest CAGR from 2022 to 2030. An increasing number of people choosing private insurance is the primary factor driving the growth of the segment. For instance, according to National Hospital Ambulatory Medical Care Survey, for around 40,003 ED visits, the source of payment was private insurance in 2018

• The infectious condition segment accounted for the maximum market share in 2021. This growth can be attributed to an increasing number of ER visits during flu season. For instance, according to CDC National Hospital Ambulatory Medical Care Survey, in 2018, fever and cough accounted for a total of 5,837,000 and 4,955,000 emergency visits, respectively, in the U.S. Increasing hospitalizations due to infectious diseases is expected to favor segment growth

• In August 2019, Clarion Healthcare System, Inc. received a grant of USD 1 million from the Redevelopment Assistance Capital Projects program, which would be used for renovating the existing emergency room to expand the waiting room and add three exam rooms

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U.S. Hospital Emergency Department Market Segmentation

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

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

• Medicare & Medicaid

• Private & Others

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

• Traumatic Conditions

• Gastrointestinal Conditions

• Psychiatric Conditions

• Cardiac Conditions

• Neurologic Conditions

• Infectious Conditions

• Other Conditions

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

• Parkland Health & Hospital System

• Lakeland Regional Health

• St. Joseph’s Health

• Natchitoches Regional Medical Center

• Schoolcraft Memorial Hospital

• Clarion Hospital

• USA Health

• Baptist Health South Florida

• Montefiore Medical Center

• Lac+Usc Medical Center

About Grand View Research

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

APAC E-Bikes Market To Benefit from Increased Global Uptake of To 2030

 

APAC E-Bikes Market Growth & Trends

The APAC e-bikes market size is expected to reach USD 35.27 billion by 2030, expanding at a CAGR of 11.9% over the forecast period, according to a study conducted by Grand View Research, Inc. The increasing adoption of e-bikes among the young population, the increasing purchasing power of the middle-class population in developing countries, and rapid urbanization are expected to significantly drive product demand across the region.

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

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

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

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APAC E-Bikes Market Report Highlights

• By propulsion type, the pedal-assisted segment is expected to dominate over the forecast period. This can be attributed to the rising demand for pedal-assisted e-bikes among the youth and elderly population

• Based on battery, the lead-acid battery segment dominated with a more than 45% revenue share in 2021 due to benefits such as low cost and robustness. However, the share is anticipated to decline swiftly owing to a significant rise in demand for Li-Ion batteries

• India is expected to be the largest regional market over the forecast period owing to significant investments in vehicle charging infrastructure and government subsidies for battery-powered vehicles

• Prominent industry participants include Giant Manufacturing Co. Ltd., Yadea Group Holdings Ltd., Yamaha Motor Company, Pedego Electric Bikes, Merida Industry Co. Ltd

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APAC E-Bikes Market Segmentation

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

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

• Pedal-assisted

• Throttle-assisted

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

• Lithium-ion Battery

• Lead-acid Battery

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

• Less than and Equal to 250W

• Above 250W

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

• City/Urban

• Trekking

• Cargo

• Others

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

• Asia Pacific

  • China

  • Japan

  • India

List of Key Players in the APAC E-bikes Market

• Pedego Electric Bikes

• Yamaha Motor Company

• Aima Technology Group Co. Ltd.

• Merida Industry Co. Ltd

• Trek Bicycle Corporation

About Grand View Research

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

Mushroom Market Set to Surge Significantly During 2022-2030: Grand View Research Inc.

 

Mushroom Market Growth & Trends

The global mushroom market size is expected to reach USD 115.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.7% over the forecast period. Increasing adoption of vegan diets across the developed economies on account of growing consumer concerns towards animal welfare and the environment is likely to have a positive impact on industry growth. Rising consumer preferences for natural ingredient-based food and cosmetic products around the globe owing to growing awareness regarding the side effects of their synthetic counterparts are expected to drive demand for mushrooms.

Furthermore, mushrooms are rich sources of vitamins, antioxidants, essential oils, proteins, and other bioactive compounds leading to their increasing demand from pharmaceutical applications. Mushroom manufacturers have started focusing adoption of sustainable production processes to attract an environment-conscious customer base and improve brand position. For instance, Bonduelle Group, a France-based mushroom producer, focuses on Agroecology, wherein the company uses natural fertilizers and use renewable energy sources to produce mushrooms. In addition, the company has also started using cardboard boxes by replacing plastic packaging for its canned products starting November 2020.

The manufacturers are using mergers and acquisitions and partnership agreement strategies to expand the production capacity and increase their geographical presence. For instance, in April 2019, Greenyard signed an agreement with Carrefour Belgium, a retail group, for the supply of the former’s assortment of fresh fruits and vegetables. The agreement was intended to strengthen the commercial relationship of both companies and to expand the clientele base for Greenyard.

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Mushroom Market Report Highlights

• By product, the button type emerged as the dominant product segment and accounted for 61.8% of the total volume share in 2021. Wide-scale production, high shelf appeal, low price, and high nutritional value of the product are the factors that mainly attributed to segment growth

• The fresh mushrooms segment led the market in terms of volume as compared to the processed segment. The fresh segment is likely to witness a CAGR of 8.8% in terms of revenue over the forecast period owing to the higher preference of households and foodservice providers for fresh mushrooms to prepare meals and other exotic food products

• The supermarkets and hypermarkets segment dominated the market and accounted for a revenue share of 38.3% in 2021 owing to the high penetration in the developed markets in North America and Europe as well as growing penetration in the developing economies

• The food application segment held the largest revenue share of 86.8% in 2021. The segment is expected to witness substantial growth on account of growing consumer demand for packaged healthy food products

• Asia Pacific dominated the market in terms of production and consumption. The increasing vegan population in countries like China, India, and Japan is expected to have a positive impact on industry growth

• Growing demand for meat substitutes is likely to increase the demand for mushrooms. For instance, Germany-based food startup Walding has developed chicken alternatives using Laetiporus mushroom also known as chicken of the woods. The introduction of such innovative products is anticipated to open newer avenues to producers of mushrooms in the coming years

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Mushroom Market Segmentation

Grand View Research has segmented the global mushroom market on the basis of product, form, distribution channel, application, and region:

Mushroom Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Button

• Shiitake

• Oyster

• Matsutake

• Truffles

• Other

Mushroom Form Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Fresh

• Processed

Mushroom Distribution Channel Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Direct to Customer

• Grocery Stores

• Supermarkets & Hypermarkets

• Convenience Stores

• Online Stores

Mushroom Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Food

• Pharmaceutical

• Cosmetics 

Mushroom Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

 List of Key Players of Mushroom Market

• Bonduelle Group

• Costa Group

• CMP Mushroom

• Drinkwater Mushrooms

• Greenyard

• Monaghan Group

• Monterey Mushroom, Inc

• OKECHAMP S.A

• Shanghai Fengke Biological Technology Co., Ltd

• The Mushroom Company

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. Breath Analyzers Market Projected To Be Worth USD 3.1 Billion By 2030: Grand View Research Inc.

 

U.S. Breath Analyzers Market Growth & Trends

The U.S. breath analyzers market size is expected to reach USD 3.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.4% from 2022 to 2030. Growing demand for breath analyzers from law enforcement agencies and other institutions such as schools, sports, and offices to minimize alcohol abuse is a major market driver. Early diagnosis of diseases such as cancer, tuberculosis, and Chronic Obstructive Pulmonary Disease (COPD) plays a key role in the success rate of their treatment. Breath analyzers offer a quick primary diagnosis based on exhaled air contents.

Growing applications in private use such as measurement of breath Carbon Monoxide (CO) in smoking cessation activities are expected to boost market growth during the forecast period. During the COVID-19 pandemic, the breathalyzer market experienced a downturn as most commercial activities were halted. Owing to a close in production units and an interruption in the supply chain, most main revenue-generating end-users of the market were impacted, resulting reduction in sales of breath analyzers. However, the COVID-19 pandemic brought about a series of changes across industries.

For instance, the U.S. Department of Transportation announced that in the future new cars will be equipped with alcohol-sensing start buttons, which will prevent them from moving if it detects alcohol. Hence, it is expected that the market will witness the introduction of novel, innovative technologies, and new product launches during the forecast period, in turn, positively impacting growth. The growing prevalence of noncommunicable illnesses, along with the high rate of infectious diseases, is driving the double disease burden across the world. Hence, there is a significant demand for cheap, accessible, and ruggedized diagnostic tools that detect diseases early and direct patients to the right treatment channels.

Furthermore, the growing number of road accidents due to drunk driving and drug abuse has augmented the demand for breath analyzers, as these devices help monitor the presence of different compounds and measure the blood alcohol content in a breath sample. Sometimes breath analyzers provide inaccurate results, failing to differentiate alcohol from any other chemical compound that holds a methyl group structure. Some alcohol testing machines recognize not only ethyl alcohol but also any compound with a similar molecular structure. Thus, accuracy concerns pertaining to breath analyzers are expected to limit market growth.

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U.S. Breath Analyzers Market Report Highlights

• The fuel cell segment held a substantial share of over 33.0% in 2021, owing to the various benefits such as the compact size of devices and minimum power requirements, fuel cell technology has become a gold standard for hand-held devices

• The IR spectroscopy segment is expected to register a CAGR of 16.0% over the forecast period. Most of the breath analyzers are presently used for evidential purposes, use IR spectrometry. Infrared analysis is a non-destructive technology. Thus, such benefits are likely to support segment growth

• The alcohol detection segment accounted for the revenue share of over 49.0% in 2021 owing to stringent laws relating to drinking and driving, rising alcohol consumption, and growing usage of personal breath analyzers

• On the basis of end-use, the others segment is expected to exhibit lucrative growth during the forecast period. High crime rate in certain parts and strict drug testing regulations implemented by governments in the nation support segment growth

• There are increasing number of partnerships and collaborations being undertaken in this market to gain higher market share. Besides, market players engage in mergers and acquisitions to strengthen their market position

• In May 2020, Alcohol Countermeasure Systems Corp, an international group of companies involved in public safety, announced agreement with Ontario Ministry of Transportation for 5 years. ALCOLOCK Canada, division of Alcohol Countermeasure Systems Corp, was selected by the Ontario Ministry of Transportation

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U.S. Breath Analyzers Market Segmentation

Grand View Research has segmented the U.S. Breath Analyzers market on the basis of technology, application, and end use:

U.S. Breath Analyzers Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Fuel Cell Technology

• Semiconductor sensor

• Infrared (IR) Spectroscopy

• Others

 U.S. Breath Analyzers Application Outlook (Revenue, USD Million, 2017 - 2030)

• Drug Abuse Detection

• Alcohol Detection

• Medical Applications

U.S. Breath Analyzers End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Law Enforcement Agencies

• Individuals

• Others

List of Key Players of U.S. Breath Analyzers Market

• Drägerwerk AG & Co. KGaA

• Lifeloc Technologies, Inc.

• Quest Products, LLC.

• Intoximeters

• Alcohol Countermeasure Systems Corp.

• AK GlobalTech Corp.

• PAS Systems International, Inc

• Akers Biosciences, Inc.

• BACtrack

• Lion Laboratories (CMI INC.)

• Advanced Safety Devices

• MPD, Inc

• Intoximeter, Inc

• Alere

• Alcopro, 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.

Impact of Existing and Emerging U.S. Cannabis Packaging Market Trends And Forecast 2022-2030: Grand View Research Inc.

 

U.S. Cannabis Packaging Market Growth & Trends

The U.S. cannabis packaging market size is expected to reach USD 9.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 30.6% over the forecast period. Cannabis is the most consumed drug other than alcohol and tobacco. According to the National Institute on Drug Abuse, more than 11.8 million young adults reported consumption of marijuana in 2018. The growing support of U.S. citizens for the use of medical cannabis will also fuel the market growth. With the rising popularity of vaping devices, teens have started vaping THC and nearly 4.0% of 12th graders respond they vape THC on daily basis.

These numbers are projected to increase in the future along with the legalization of marijuana for medical use or adult recreational use in U.S. states including Colorado, Washington, Alaska, Oregon, Washington, D.C., California, Maine, Massachusetts, Nevada, Michigan, Vermont, Guam, Illinois, Arizona, Montana, New Jersey, New York, Virginia, New Mexico, and Connecticut. The states have different rules and regulations for the use and possession of cannabis. For instance, in Colorado, retail purchases of cannabis at licensed dispensaries are subject to standard sales tax, plus an additional 10.0% marijuana sales tax. In addition, a 15.0% excise tax is applied to the wholesale price of retail marijuana, which is the price that businesses of Colorado pay to cultivators.

These rules and regulations vary as per the state governments in the U.S. In Washington, retail sales of cannabis at licensed dispensaries are subject to an excise tax of 37%. In California, there is a 15.0% excise tax and a standard state sales tax on retail sales of cannabis at licensed dispensaries. In Massachusetts, sales at licensed dispensaries are subject to standard state sales tax and a state excise tax of 10.7% as well as towns and cities can also impose up to a 3.0% tax on marijuana sales. The players are offering products as per the rules and regulations by the government for the possession and use of cannabis products.

These also decide the packaging product size as some markets have legal possession of cannabis for an adult up to 5 ounces, for instance, and some have permission for the possession of 10 ounces. Thus, the packaging differs as per the legalized sales in the U.S. states. The packaging manufacturers are effectively looking into it and developing products as per the state’s requirements. This is projected to support the growth of the market over the forecast timeframe. Furthermore, the growing legalization of retail sales of cannabis in the U.S. states is a major factor driving the demand for packaging solutions.

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U.S. Cannabis Packaging Market Report Highlights

• On the basis of material, the plastic segment accounted for the highest market share in 2021 owing to extensive consumption of plastics in packaging products like jars, pouches, vials, containers, and thermoformed blisters and clamshells due to structural benefits and cost-effectiveness

• The bottles and jars segment accounted for the highest revenue share in 2021 and is expected to maintain the leading position throughout the forecast period. The availability of bottles and jars in wide varieties inclusive of size, shape, and quality among others is supporting the segment growth. The dried cannabis and cannabis extract is packaged in such bottles & jars

• The recreational use of cannabis packaging is expected to expand at a significant CAGR during the forecast period. The increasing demand for cannabis products among the adult population is primarily supporting the segment growth. In addition, the growing legalization of cannabis for recreational usage in more states of the country is driving the segment

• Key players are increasingly focusing on R&D activities, product development, and branding & marketing activities. Moreover, manufacturers are also focusing on advanced manufacturing machinery, raw material procurement, regulatory approvals, and certifications

• The strict rules and regulations by the governments on product selling and labeling is a factor projected to limit the market growth to an extent over the forecast period

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U.S. Cannabis Packaging Market Segmentation

Grand View Research has segmented the U.S. cannabis packaging market on the basis of material, product, and application:

U.S. Cannabis Packaging Material Outlook (Revenue, USD Million, 2017 - 2028)

• Plastic

• Metal

• Glass

• Paper

U.S. Cannabis Packaging Product Outlook (Revenue, USD Million, 2017 - 2028)

• Bottles & Jars

• Tubes

• Tins

• Pouches

• Blisters & Clamshells

• Others

U.S. Cannabis Packaging Application Outlook (Revenue, USD Million, 2017 - 2028)

• Recreational Use

• Medical Use

List of Key Players of U.S. Cannabis Packaging Market

• Berry Global Inc.

• KushCo Holdings Inc.

• J.L. CLARK

• IMPAK Corporation

• Pollen Gear

• Cannaline Cannabis Packaging Solutions

• N2 Packaging Systems, LLC

• Green Rush Packaging

• Norkol Packaging LLC

• MMC DEPOT

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.

Metal Stamping Market Set to Witness an Uptick during 2022 to 2030: Grand View Research Inc.

 

Metal Stamping Market Growth & Trends

The global metal stamping market size is expected to reach USD 310.69 billion by 2030, expanding at a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. The increasing production of automobiles is anticipated to drive the demand for metal stamping as it is used in the manufacturing of car body panels, transmission components, and interior and exterior structural components. Automobile consumers are shifting their focus towards lightweight vehicles on account of rising concerns about environmental pollution. According to LMC Automotive, U.S. light vehicles sales reached around 14.5 million in 2020 and are expected to reach nearly 15.8 million by 2022. The growing demand for lightweight vehicles is encouraging auto component manufacturers to increase their production capacities and engage in new product developments.

This, in turn, is anticipated to augment market growth over the coming years. Major automobile manufacturers that have in-house component manufacturing facilities are expanding their production capacities to meet the growing demand for automobiles. Moreover, the telecommunications industry is also projected to witness lucrative demand for stamped products owing to the growing investments in 5G technology. For instance, in November 2020, FAIST Precision Suzhou announced its investment in the installation of a new die casting machine, called the FRECH GDK3200T, which will be used to run 5G projects for mass production. In the Asia Pacific, increasing demand for consumer electronics, such as mobile phones, computers, laptops, and headphones, is likely to boost the demand for metal stamping as it is used in manufacturing metal frames, such as metal headbands, which are used in headphones.

Change in consumer preferences towards enhanced audio experience along with a rapidly growing music industry, and advancement in VR technology are the major factors that are expected to drive the demand for headphones.  This, in turn, is likely to propel market growth over the coming years. The market is highly competitive with the presence of local as well as global players including Alcoa Corp., Lindy Manufacturing Co., Tool & Manufacturing Company, and D&H Industries. These companies are focusing on long-term agreements, capacity expansions, and mergers and acquisitions to meet the growing product demand from potential customers. For instance, in October 2021, Shiloh Industries completed the acquisition of two stamping plants fromBenteler for the automotive business. These plants are equipped with modern precision laser cutting and hot-formed steel stamping products for the production of chassis components.

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Metal Stamping Market Report Highlights

• The blanking segment is anticipated to progress at a significant CAGR over the forecast period owing to the increasing demand from the automotive industry on account of its precise and superior stamping ability

• The bending segment accounted for the maximum revenue share in 2021. Products manufactured using this process ensure stability and durability, thus it is mostly used in auto components

• Consumer electronics is projected to be the fastest-growing segment over the forecast period

• The growth is attributed to the increasing utilization of lightweight metal components to improve the durability of electronics

• Industrial machinery accounted for a significant revenue share in 2021 owing to the growing demand for machinery and automation to improve the efficiency of the output

• North America is expected to continue dominating the global market over the forecast period owing to the increasing production of automobiles and consumer electronics

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Metal Stamping Market Segmentation

Grand View Research has segmented the global metal stamping market on the basis of process, application, and region

Metal Stamping Process Outlook (Revenue, USD Billion, 2017 - 2030)

• Blanking

• Embossing

• Bending

• Coining

• Flanging

• Others

Metal Stamping Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Automotive & Transportation

• Industrial Machinery

• Consumer Electronics

• Aerospace

• Electrical & Electronics

• Telecommunications

• Building & Construction

• Others

Metal Stamping Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

  • U.S.

• Europe

  • Germany

  • U.K.

  • France

  • Spain

  • Italy

  • Belgium

  • Denmark

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

• Middle East & Africa

List of Key Players of Metal Stamping Market

• Acro Metal Stamping

• Manor Tool & Manufacturing Company

• D&H Industries, Inc.

• Kenmode, Inc.

• Klesk Metal Stamping Co.

• Clow Stamping Company

• Goshen Stamping Company

• Tempco Manufacturing Company, Inc.

• Interplex Holdings Pte. Ltd.

• CAPARO

• Nissan Motor Co., Ltd.

• AAPICO Hitech Public Company Ltd.

• Gestamp

• Ford Motor Company

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 Cities Market Expected to Witness a Sustainable Growth over 2030: Grand View Research Inc.

 Smart Cities Market Growth & Trends

The global smart cities market size is expected to reach USD 6,965.02 billion by 2030, registering a CAGR of 24.2% in the forecast period, according to a new report by Grand View Research, Inc. The market growth can be attributed to rapid favorable government initiatives worldwide and the emergence of technologies, such as Artificial Intelligence (AI) and the Internet of Things (IoT). This has encouraged several countries to invest in smart city projects to manage infrastructure and assets. Further, the increasing adoption of Electric Vehicles (EV) has also created a demand for the development of charging infrastructure in cities globally. Due to this, it provides energy storage and creates new revenue streams from EV batteries. These benefits will further boost the growth of the market during the forecast period.

The market is at present witnessing a high investment in smart security, smart metering for utilities, integrated traffic management systems, and smart mobility. Several technologically innovative cities use IoT platforms to monitor their infrastructure, manage traffic flows, water management, parking, and air quality, and use the generated smart data to handle longer-term decisions for environmental sustainability. Furthermore, the increase in greenhouse gas emissions and traffic congestion is driving the adoption of smart mobility and effective energy management applications. These factors will further boost the growth of the market during the forecast period.

The market for smart cities covers several industry verticals, such as transport, water, healthcare, energy, and security. However, the cost incurred in transforming the present infrastructure acts as a restraint for several governments to continue huge investments in various sectors and departments for effective smart city projects, which may hamper the market growth. Several government bodies are investing in smart cities to improve their global and regional competitiveness to improve business, attract new residents, and make informed decisions with the help of available technologies. This will supplement the growth of the market over the forecast period.

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Smart Cities Market Report Highlights

• The smart utilities segment is expected to witness a considerable CAGR of 22.9% over the forecast period. The rising investments in smart grid systems are driving the growth of the segment. Governments worldwide are deploying smart solutions, such as Advanced Metering Infrastructure (AMI), to automate the existing operations. The adoption of these advanced solutions will supplement the growth
• The smart infrastructure segment is anticipated to register a CAGR of 24.3% over the forecast period. The substantial growth of smart community services, which provide advanced infrastructures, such as transportation, data centers, energy, and buildings, is driving the segment growth. For instance, in June 2021, a B2B media company, Endeavor Business Media, LLC introduced smart building technology, which would take integrated intelligence into existing commercial buildings and new constructions
• The waste management segment captured a market share of over 20% in 2021. Numerous waste management companies are installing sensors, data visualization platforms, and network infrastructure to generate actionable insights and make informed decisions. The adoption of these smart technologies in waste management will supplement the growth of the segment during the forecast period
• The smart ticketing & travel assistance segment is expected to witness a significant CAGR of 23.4% over the forecast period. The increasing adoption of innovative technologies, such as Quick Response (QR) code, Radio Frequency Identification (RFID), Near Field Communication(NFC), and local wireless ticketing have enabled the key players to provide smart solutions across various sectors including, transportation, BFSI, and healthcare
• The Asia Pacific regional market is anticipated to register a significant CAGR of 27.7% during the forecast period. The regional can be attributed to the rapid economic developments, digitalization, globalization, and the rising proliferation of smartphones

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

Smart Cities Market Segmentation

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

Smart Cities Application Outlook (Revenue, USD Million, 2017 - 2030)

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

Smart Cities Smart Governance Outlook (Revenue, USD Million, 2017 - 2030)

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

Smart Cities Smart Utilities Outlook (Revenue, USD Million, 2017 - 2030)

• Energy Management
• Water Management
• Waste Management

Smart Cities Smart Transportation Outlook (Revenue, USD Million, 2017 - 2030)

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

Smart Cities Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Smart Cities Market

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

About Grand View Research

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

U.S. Laboratory Informatics Market Expected To Propel Industry Growth By 2030: Grand View Research Inc.

 U.S. Laboratory Informatics Market Growth & Trends

The U.S. Laboratory informatics market size is expected to reach USD 1.62 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.5% over the forecast period. The rising demand for lab automation and information management activities owing to the increasing amount of data generated by research laboratories is one of the primary growth stimulants for the market. The COVID-19 pandemic management has become the key challenge across the globe. Clinical laboratories are struggling to manage the rapid influx of COVID-19 testing samples, which, in turn, is affecting their ability to offer precise testing.

The implementation of automated solutions, such as Laboratory Information Management Systems (LIMS), is anticipated to relieve this stress on clinical laboratories by encouraging efficient testing of voluminous samples. Laboratories are important to both research and manufacturing companies in the healthcare industry. A large amount of data is generated in these labs, which is impossible to capture, collect, store, and analyze manually. This is creating insurmountable obstacles for data management processes and conventional documentation requirements, especially in regulated environments, such as the life sciences sector.

Most laboratories manage information by combining manual & automatic methods and process it by using independent non-integrated data-processing systems. The use of isolated systems in laboratories hamper timely data transfer across information management systems, leading to unexpected delays and additional costs. In addition, manual transfer methods increase the likelihood of errors/loss, leading to added QA controls and a high number of manual transcription steps, which result in decreased efficiency and longer throughput time. The seamless flow of information from raw data to reusable knowledge is managed by a combination of various informatics systems.

In a laboratory, the deployment of these informatics systems is highly dependent on the environment (such as discovery, development, or manufacturing) and scientific domain (such as biology, chemistry, among others). The application of an informatics system in drug discovery is different from how it is used in clinical and manufacturing domains. The overall focus of laboratory informatics is efficiency improvement with respect to paperless information management, regulatory compliance, information quality, and labor cost. The aforementioned benefits are expected to augment the market over the forecast period.

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U.S. Laboratory Informatics Market Report Highlights

• The LIMS segment held a substantial share of the global revenue in 2021 owing to the high adoption by biobanks coupled with increased demand for integrated healthcare solutions
• The cloud-based solutions segment is expected to register a significant CAGR over the forecast period owing to the advantages of these solutions over on-premise and web-hosted solutions
• The services component segment held the largest share in the market in 2021 due to the increasing trend of outsourcing by life science companies
• On the basis of end-use, the life science segment accounted for the maximum revenue share in 2021 due to the high adoption of laboratory informatics systems
• Market players are involved in extensive research for innovation and upgrade of the existing systems. Thus, the introduction of new products is expected to provide this market with lucrative growth opportunities
• In November 2021, PerkinElmer, Inc. publicized the introduction of its PKeye Workflow Monitor, a cloud-based platform allowing laboratory workers to remotely manage and monitor the company’s instruments and workflows in real-time

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

U.S. Laboratory Informatics Market Segmentation

Grand View Research has segmented the U.S. laboratory informatics market on the basis of product, delivery mode, component, and end use:

U.S. Laboratory Informatics Product Outlook (Revenue, USD Million, 2017 - 2030)

• Laboratory Information Management Systems (LIMS)
• Electronic Lab Notebooks (ELN)
• Scientific Data Management Systems (SDMS)
• Laboratory Execution Systems (LES)
• Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
• Chromatography Data Systems (CDS)
• Enterprise Content Management (ECM)

U.S. Laboratory Informatics Delivery Mode Outlook (Revenue, USD Million, 2017 - 2030)

• On-Premise
• Web-hosted
• Cloud-based

U.S. Laboratory Informatics Component Outlook (Revenue, USD Million, 2017 - 2030)

• Software
• Services

U.S. Laboratory Informatics End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Life Sciences
  • Pharmaceutical and Biotechnology Companies
  • Biobanks/Biorepositories
  • Contract Services Organizations
  • Molecular Diagnostics & Clinical Research Laboratories
  • Academic Research Institutes
• CROs
• Chemical Industry
• Petrochemical Refineries and Oil & Gas
• Food & Beverages and Agriculture
• Environmental Testing Labs
• Others Industries

List of Key Players of U.S. Laboratory Informatics Market

• Thermo Fisher Scientific, Inc.
• Waters
• LabWare
• Core Informatics
• LabVantage Solutions, Inc.
• LabLynx, Inc.
• PerkinElmer Inc.
• Abbott
• Agilent Technologies, Inc.
• IDBS

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.