Smart Parking Systems Market Revenue Sales to Reach USD 30.16 Billion by 2030: Grand View Research Inc.

 Smart Parking Systems Market Growth & Trends

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

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

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

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Smart Parking Systems Market Report Highlights

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

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Smart Parking Systems Market Segmentation

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

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

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

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

• Parking Guidance System
• Analytics Solutions

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

• Consulting Service
• Engineering Service
• Mobile App Parking Service

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

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

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

• Commercial
• Government
• Transport Transit

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

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

List of Key Players in the Smart Parking Systems Market

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

About Grand View Research

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

E-cigarette And Vape Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

 E-cigarette And Vape Market Growth & Trends

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

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

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

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

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

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E-cigarette And Vape Market Report Highlights

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

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E-cigarette And Vape Market Segmentation

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

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

• Disposable
• Rechargeable
• Modular Devices

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

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

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

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

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

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

About Grand View Research

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

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

 

Managed Services Market Growth & Trends

The global managed services market is expected to reach USD 731.08 billion by 2030, according to a new study conducted by Grand View Research, Inc. The market is projected to register a CAGR of 13.4% from 2022 to 2030. Strengthening profit margins, which cater efficiently to the needs of dynamic business environments, and improvements in operational efficiency are also expected to contribute to the growth of the market. Benefits associated with managed services implementation, such as a significant reduction in IT operational expenses and increased organizational efficiency, are also anticipated to drive the market growth.

Managed services help reduce recurring in-house IT expenditures by ensuring that their IT infrastructure is running at optimal efficiency at all times while also automating business operations. This subsequently allows organizations to effectively achieve their business objectives, especially about strengthening the bottom line and increasing profitability. Initiatives being pursued aggressively by various governments toward digital transformation focusing on modernizing their IT infrastructure, strengthening governance, and improving citizen services are anticipated to drive the demand for managed services over the forecast period.

For instance, in May 2021, the Government of Canada (GC) has released the most recent version of its digital strategy, which includes a renewed push to provide individuals with secure digital identities. The government of Canada is expected to create a single digital identity for Canadians, and Shared Services Canada (SSC) is trying to consolidate ministries' networks and move them all to cloud-first networks. The GC is intended to modernize how the government manages technology and technical transformation to maintain government responsiveness and resilience to changing requirements and expectations of Canadians and companies.

Several businesses faced challenges because of the COVID-19 pandemic, and Managed Services Providers (MSPs) are no exception. Organizations across the globe opted for managed services to ensure operational efficiency amid lockdowns being implemented across various nations to halt the spread of coronavirus, organizational spending on new automation initiatives gradually slowed down.

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Managed Services Market Report Highlights

• The managed security segment is expected to register the highest CAGR over the forecast period owing to the adoption of managed security services in end-use industries due to various benefits such as security monitoring and management, email threat management, restoral management & backups, and support & maintenance management
• The business support systems segment is anticipated to register the highest CAGR from 2022 to 2030. The increasing adoption of business support system services such as business analysis, database integration, demand management service, and project management in end-use industries is anticipated to propel the growth of the business support systems segment over the forecast period
• The on-premise segment dominated the market in 2021. Numerous organizations have adopted the on-premise mode of deployment as it does not require an internet connection and allows easy customization of software to suit the business process requirements of clients
• The Small and Medium Enterprises (SMEs) segment is anticipated to register a significant CAGR over the forecast period. Increasing government initiatives through various digital SME campaigns across the globe is expected to drive the growth of the SMEs segment over the forecast period.
• The healthcare segment is anticipated to emerge as the fastest-growing segment over the forecast period. Several healthcare organizations are opting for managed services to protect patient data and secure monetary transactions, thereby contributing to the growth
• North America accounted for the largest market share in terms of revenue in 2021. The rising number of Multinational Companies (MNCs) in North America bodes well for the regional market's growth

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Managed Services Market Segmentation

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

Managed Services Solution Outlook (Revenue, USD Billion, 2017 - 2030)

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

Managed Information Service (MIS) Outlook (Revenue, USD Billion, 2017 - 2030)

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

Managed Services Deployment Outlook (Revenue, USD Billion, 2017 - 2030)

• On-premise
• Hosted

Managed Services Enterprise Size Outlook (Revenue, USD Billion, 2017 - 2030)

• Small & Medium Enterprises (SMEs)
• Large Enterprises

Managed Services End-use Outlook (Revenue, USD Billion, 2017 - 2030)

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

Managed Services Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Managed Services Market

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

About Grand View Research

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

Expansion of Wax Market During 2022– 2030 to Gain Robust Traction: Grand View Research Inc.

 Wax Market Growth & Trends

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

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

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Wax Market Report Highlights

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

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Wax Market Segmentation 

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

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

• Mineral Wax
• Synthetic Wax
• Natural Wax

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

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

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

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

List of Key Players of Wax Market

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

About Grand View Research

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

U.S. Digital Signage Market Plying for Significant Growth During 2022-2030: Grand View Research Inc.

 

U.S. Digital Signage Market Growth & Trends

The U.S. digital signage market size is anticipated to reach USD 9.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030. The demand for digital signage is expected to increase as advertisers, enterprises, and corporates are increasingly adopting digital signage to promote and distribute content. Advancements in display technology are also likely to drive the market. Furthermore, the increasing demand for digital signage solutions from the industries such as healthcare, transportation, hospitality, and retail, is likely to propel market growth over the forecast period.

The growing adoption of digital signage is due to the increasing demand for advertising content with enhanced quality and better sharpness. Rising demand for 4K embedded digital displays is addressing an increase in the need for enhanced sharp images. Digital signage above 52 inches are poised to gain popularity over the forecast period as advertisers are increasingly preferring outdoor advertising. Besides, software providers are engaged in providing design solutions that are compatible with multiple operating systems to new entrants to the digital signage industry. Providers of design solutions are targeting new entrants to the digital signage market with solutions compatible with different operating systems. They are particularly offering cloud-based design solutions that can aid in managing advertising content being displayed on digital signage.

The operational cost of companies is reduced by cutting down the use of paper for advertisement and deviating from traditional marketing activities. In addition, a combination of LED-backlit panels is resulting in substantial energy savings. A decrease in energy consumption owing to the adoption of enhanced technologies, which includes LED, is attracting enterprises to elect for digital signage. The West region accounted for the largest share in the market in 2021. It is estimated to remain the highest revenue-generating regional market until 2030. The Midwest region is projected to exhibit the highest growth rate during the forecast period owing to burgeoning sales of digital signage in multiple verticals of various states.

Raw material suppliers in the cold chain packaging market supply primary materials required for producing isolated containers, in addition to other packaging components. Insulating materials used in cold chain packaging include expanded or extruded polystyrene, polyurethane, and polyethylene. These are manufactured using core materials such as silica or fiberglass in a multilayer polymer or vacuum aluminized coating. Thermal Conservation Technologies; va-Q-tec AG; and Thermal Visions, Inc. are some of the raw material providers in U.S. Some of the prominent companies operating in the market are Cisco Systems, Inc.; Intel Corporation; Microsoft Corporation; BrightSign, LLC; Keywest Technology, Inc.; Planar System Inc.; Scala, Inc.; and Hughes Network Systems LLC.

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U.S. Digital Signage Market Report Highlights

• The LCD segment, on the basis of display technology, accounted for the largest revenue share in 2021 owing to lower manufacturing costs and benefits associated with the LCD technology
• The retail industry was the most prominent application segment in the market in 2021. It is estimated to retain its position through 2028, as there is high competition in the industry, which augments the need for innovative advertising mediums
• Transparent LED screens, based on display type, are projected to witness the highest CAGR during the forecast period as the high level of transparency and resolution offered by them proves to be lucrative for advertisers
• The hardware segment, which includes displays and media players, is anticipated to dominate the market throughout the forecast horizon as users remain keen on adopting different types of displays
• The out-store segment is expected to witness a considerable growth rate owing to the growing adoption of digital signage in various outdoor applications
• The West region was the highest revenue-generating region in 2021 owing to the adoption of digital signage across applications and the region comprises the largest number of digital signage companies which manufacture electronic display products.

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U.S. Digital Signage Market Segmentation

Grand View Research has segmented the U.S. digital signage market based on component, hardware components, display type, display technology, display size, software, application, location, and region:

U.S. Digital Signage Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Services

U.S. Digital Signage Hardware Components Outlook (Revenue, USD Million, 2017 - 2030)

• Displays
• Media Players & Extenders
• Others (Mounting Devices & Components)

U.S. Digital Signage Display Type Outlook (Revenue, USD Million, 2017 - 2030)

• Video Walls
• Video Screens
• Transparent LED Screens
• Digital Posters
• Kiosks
• Others

U.S. Digital Signage Display Technology Outlook (Revenue, USD Million, 2017 - 2030)

• LCD
• LED
• Projection

U.S. Digital Signage Display Size Outlook (Revenue, USD Million, 2017 - 2030)

• Below 32 Inches
• 32 to 52 Inches
• More than 52 Inches

U.S. Digital Signage Software Outlook (Revenue, USD Million, 2017 - 2030)

• Display Software
• Audience Analytics & Engagement Software

U.S. Digital Signage Application Outlook (Revenue, USD Million, 2017 - 2030)

• Retail
• Hospitality
• Entertainment
• Stadiums & Playgrounds
• Corporate
• Banking
• Healthcare
• Education
• Transportation

U.S. Digital Signage Location Outlook (Revenue, USD Million, 2017 - 2030)

• In-store
• Out-store

U.S. Digital Signage Regional Outlook (Revenue, USD Million, 2017 - 2030)

• Northeast
  • New York
  • Maryland
  • Pennsylvania
• Southeast
  • Florida
  • North Carolina
• West
  • California
  • Idaho
  • Nevada
• Midwest
  • Illinois
  • Ohio
  • Nebraska
  • Minnesota
• Southwest
  • Texas

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

• NEC Display Solutions of America, Inc.
• BrightSign LLC
• Planar System Inc.
• Cisco Systems, Inc.
• Intel Corporation
• Microsoft Corporation
• Keywest Technology, Inc.
• Scala, Inc.
• Visix, Inc.
• Panasonic Corporation of North America
• Hughes Network Systems LLC

About Grand View Research

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

Hydrofluoric Acid Market is Projected to Boost USD 1.69 Billion by 2030: Grand View Research Inc.

 Hydrofluoric Acid Market Growth & Trends

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

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

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Hydrofluoric Acid Market Report Highlights

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

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Hydrofluoric Acid Market Segmentation

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

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

• Anhydrous
• Diluted

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

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

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

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

List of Key Players of Hydrofluoric Acid Market

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

About Grand View Research

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

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

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

U.S. Hospital Emergency Department Market Segmentation

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

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

• Medicare & Medicaid

• Private & Others

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

• Traumatic Conditions

• Gastrointestinal Conditions

• Psychiatric Conditions

• Cardiac Conditions

• Neurologic Conditions

• Infectious Conditions

• Other Conditions

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

• Parkland Health & Hospital System

• Lakeland Regional Health

• 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

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

APAC E-Bikes Market Segmentation

Grand View Research has segmented the APAC e-bikes market based on 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

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

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.