Proactive Services Market Latest Innovations, Drivers and Industry Key Events 2022 – 2030: Grand View Research Inc.

 Proactive Services Market Growth & Trends

The global proactive services market size is expected to reach USD 18.19 billion by 2030, and register a CAGR of 20.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The heightened customer expectations, increased use of smartphones, and high adoption of e-commerce and other shopping applications have triggered the need for proactive services. Benefits such as increased availability and uptime, lower operational cost, increased brand loyalty, and better retention rate among others will further support the growth of proactive services. Implementing the latest technologies such as Artificial Intelligence (AI), advanced analytics, and Machine Learning (ML) helps differentiate the types of customers and offers them personalized experiences, which is expected to drive market growth.

The adoption of proactive services allows the organization to not only meet regular customer expectations but also understand their latent needs. Proactively reaching out to customers before an issue arises helps in strengthening the customer relationship. Moreover, the implementation of proactive services can protect organizations against escalations by identifying negativity at the earliest warning. By utilization of real-time data, proactive services help accurately categorize the customers which can further be used for offering customized products and services. Additionally, proactive services allow customers to give valuable feedback that in turn helps organizations to improve their productivity by correctly understanding areas of improvement.

Large enterprises are implementing proactive services to gain a competitive advantage over others, whereas more and more startups and Small and Medium Enterprises (SMEs) are also observed to take the help of proactive services for strong brand establishment. A reactive business model faces more inbound calls which can be costly for business, thus, to manage cost and save time organizations prefer to identify and remediate the issue before they turn into bigger problems. For instance, Facebook provides content on their website and mobile application that would answer frequently asked questions. In this way they reduce the chances of support tickets being raised, Facebook would additionally allow users to connect with their dynamic help section that provides documentation on various topics.

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Proactive Services Market Report Highlights

• The managed servicesegment accounted for the largest revenue share of over 35% in 2021, attributable to the benefits that this segment offers such as IT monitoring with zero blind spots, compliance to service-level agreement requirements, reduced operational expense, and enhanced operational efficiency among other
• The artificial intelligence segment is expected to observe the highest CAGR of 21.3% during the forecast period. AI offers multiple capabilities to organizations such as advanced search options, recommendation mechanisms, automated decision making, and voice recognition, among others. All these features help in delivering proactive services, moreover, it supports sophisticated analytical capabilities which is one of the most crucial factors driving the growth of the segment
• The small and medium enterprise is anticipated to witness an exceptional CAGR of 22.1% during the forecast period. It can be due to multiple benefits that SMEs can avail while implementing proactive services such as increased operational efficiency, reduced operational cost, and access to enterprise-level support
• The end-point management segment is anticipated to register a considerable CAGR of 22.1% over the forecast period. This segment has strong demand due to its ability to supervise and authenticate the access rights of endpoint devices. With the ease of automation comes the risk of security, thus, to reduce security threats and ensure adherence to security policies organizations are investing resources into end-point management
• The retail segment is expected to witness a significant CAGR of 20.1% during the forecast period owning to fulfilling heightened customer expectations and keeping the customers aware and update about the latest offerings. Additionally, the retail industry is focusing on offering personalized products and services which can be conveyed to customers with the help of proactive services
• North America is expected to reach USD 5.66 billion by 2030. The region has a strong demand for proactive services due to the growing retail sector that highly believes in delivering customized products and services. Additionally, North America supports stable IT infrastructure which is very essential for smooth implementation of proactive services

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Proactive Service Market Segmentation

Grand View Research has segmented the global proactive services market based on service, technology, enterprise, application, end-use, and region:

Proactive Services Outlook (Revenue, USD Million, 2017 - 2030)

• Design & Consulting
• Managed Services
• Technical Support

Proactive Services Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Analytics
• Artificial Intelligence
• Others

Proactive Services Enterprise Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprise
• Small & Medium Enterprise

Proactive Services Application Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud Management
• Customer Experience Management
• Data Center Management
• End-point Management
• Network Management
• Others

Proactive Services End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• Government
• Healthcare
• Manufacturing
• Media & Communications
• Retail
• Others

Proactive Services Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Proactive Services Market

• Microsoft Corporation
• Symantec Corporation
• Fortinet, Inc.
• Juniper Network, Inc.
• Avaya Inc.
• DXC Technology Company
• Hewlett Packard Enterprise Company
• Huawei Technologies Co., Ltd
• International Business Machines Corporation
• Cisco Systems, Inc.
• LivePerson, Inc.
• NICE
• Genesys

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.

Animal Health Market Significant Profits Estimated to be Generated by 2030: Grand View Research Inc.

 Animal Health Market Growth & Trends

The global animal health market size is expected to reach USD 92.8 billion by 2030, registering a CAGR of 10.0% during the forecast period, according to a new report by Grand View Research, Inc. The market is driven by technological advancements in veterinary care, which are anticipated to offer the market future growth opportunities. For instance, MediLabSecure, a laboratory network project, was initiated with an aim of identifying emerging viruses and pathogens in 19 countries in the Mediterranean regions. In addition, the emergence of veterinary health information systems, specifically in developed economies, is expected to provide high growth potential in the future.

With the help of these systems, data generated in veterinary clinics can be uploaded on the internet, which can be further shared with other researchers and clinicians. The incorporation of this technology will facilitate real-time analysis for fluctuations in disease prevalence. As a consequence of the aforementioned factors, it is presumed that there will be a significant improvement in the overall penetration rate of veterinary health products, which is anticipated to fuel market demand as well as revenue. The threat of zoonotic infections spreading through mosquitoes, ticks, and fleas or through contact with animals is high. The WHO is involved in various cross-sectoral activities for the purpose of addressing health threats at the human-animal-ecosystem interface.

Food-borne zoonoses, antimicrobial resistance, and emerging zoonoses are some of the threats in the market. The implementation of a wide range of technologies for the detection and monitoring of various animal diseases is one of the major growth contributing factors. North America captured a substantial share in the global market, owing to a wide range of definitive measures adopted by welfare organizations, technological advancements, rising incidence of zoonotic diseases, and an increasing number of pet owners. Asia Pacific is expected to exhibit lucrative growth over the coming years as a consequence of consistent R&D investments deployed by prominent players and their efforts to commercialize branded and generic therapeutics at a relatively inexpensive price. 

Key market participants employ sustainability strategies, such as expanding product portfolio, to gain a competitive advantage. For instance, in January 2021, Zoetis launched the Poulvac Procerta HVT-IBD vaccine for the protection of poultry against Infectious Bursal Disease (IBD). This added to Zoetis’ product portfolio of recombinant vector vaccines. 

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Animal Health Market Report Highlights

• By product, diagnostics are expected to dominate the market due to a significant increase in the adoption of pets, which demands long-term health plans
• Based on animal type, the companion animal segment is anticipated to witness a lucrative rate of 10.5% during the forecast period owing to associated health benefits for humans such as lower blood pressure, greater psychological stability, and reduced anxiety attacks
• By distribution channel, retail channels and e-commerceplatforms accounted for a notable share owing to factors such as convenience associated with online pharmacies and the increasing number of retail pharmacies
• The point-of-care testing segment is expected to witness a CAGR of 12.4% over the forecast period due to an increase in demand for highly productive animals and growing investments in R&D for novel animal products
• In 2021, North America accounted for the largest revenue share in the market owing to the local presence of established pharmaceutical companies, consistently striving for extensive commercialization of their products
• In Asia Pacific, the market is anticipated to witness a CAGR of 10.5% over the forecast period owing to the high clinical urgency to curb incidence of zoonotic diseases and management of disease outbreaks, such as swine influenza and Ebola.
• Industry rivalry for the market is expected to remain at a higher level over the forecast period. Market players are involved in adopting extensive growth strategies such as entering strategic alliances, increasing product differentiation, and expansion of product portfolios in an attempt to capture a larger share of the market.
• The market is consolidated in nature. The market growth remains steady regardless of disruption in the supply chain due to pandemic
• In February 2021, Ceva and INRAE signed an agreement to collaborate in animal health. This partnership is expected to accelerate the innovation and development of products
• Animal healthcare is rebounding faster as compared to others post-pandemic. Large animal health companies are focusing on innovative strategies to gain a competitive edge

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Animal Health Market Segmentation

Grand View Research has segmented the global animal health market on the basis of animal type, product, distribution channel, end use, and region:

Animal Health Type Outlook (Revenue, USD Million, 2017 - 2030)

• Production Animal
  • Poultry
  • Swine
  • Cattle
  • Sheep & Goats
  • Fish
• Companion Animal
  • Dogs
  • Cats
  • Horses
  • Others

Animal Health Product Outlook (Revenue, USD Million, 2017 - 2030)

• Vaccines
  • Live Attenuated Vaccines
  • DNA Vaccines
  • Recombinant Vaccines
  • Inactivated Vaccines
  • Others
• Pharmaceuticals
  • Parasiticides
  • Anti-infectives
  • Anti-inflammatory
  • Analgesics
  • Others
• Medicinal Feed Additives
• Diagnostics
  • Instruments
  • Consumables
• Equipment & Disposables
  • Critical Care Consumables
  • Anesthesia Equipment
  • Fluid Management Equipment
  • Temperature Management Equipment
  • Rescue & Resuscitation Equipment
  • Research Equipment
  • Patient Monitoring Equipment
• Others
  • Veterinary Telehealth
  • Veterinary Software
  • Livestock Monitoring

Animal Health Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• E-commerce
• Retail
• Veterinary Hospitals & Clinics

Animal Health End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Point-of-care Testing/In-house Testing
• Reference Laboratories
• Veterinary Hospitals & Clinics
• Others

Animal Health Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Russia
  • Spain
  • Netherlands
  • Switzerland
  • Sweden
  • Ireland
  • Poland
• Asia Pacific
  • Japan
  • China
  • India
  • Indonesia
  • Thailand
  • Australia
  • South Korea
  • Philippines
  • Malaysia
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Turkey
  • Iran
  • United Arab Emirates
  • Israel

 List of Key Players of Animal Health Market

• Merck Animal Health
• Ceva Santé Animale
• Vetoquinol S.A.
• Zoetis
• Boehringer Ingelheim GmbH
• IDEXX
• Elanco
• Heska Corporation
• Virbac
• Braun Vet Care
• Covetrus
• DRE Veterinary
• Televet
• Mars Inc.
• Phibro Animal Health Corporation
• Dechra Pharmaceuticals PLC
• Bimeda, Inc.
• Midmark Corporation
• Thermo Fisher Scientific, Inc.
• IDVet

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.

Computer Numerical Control Machines Market Forecasted to Grow at Steady Pace During 2022-2030: Grand View Research Inc.

 Computer Numerical Control Machines Market Growth & Trends

The global computer numerical control machines market size is projected to reach USD 132.93 billion by 2030, registering a CAGR of 10.2% from 2022 to 2030, according to a new study by Grand View Research, Inc. The market demand is expected to reach over 2,800 thousand units by 2030. The growth can be ascribed to an increase in the need for automated and high-precision computer numerical control (CNC) machines, which is anticipated to drive market growth over the forecast period. Growing preference from conventional three-axis machines to 4-axis and 5-axis machines are also expected to bode well for the market growth over the next few years.

Shortage of skilled expertise and increasing labor costs in developed economies, particularly in Europe and the U.S., have been primary concerns for the OEMs. Therefore, the need for automated machines in metalworking and other general manufacturing industries is likely to create the demand for automated CNC machines over the forecast period. Increasing raw material prices and shortage of components owing to supply chain disruptions are also presumed to hinder the market growth over the next few years.

From the supply side, OEMs are upgrading their product offering by improving technical capabilities with Computer-Aided Design & Computer-Aided Manufacturing (CAD/CAM) latest software tools. The trend is also presumed to support market growth over the forecast period. The integrated CAD/CAM software with CNC machines enable OEMs to offer customers to manufacture defect-free finished products, improve productivity, and accelerate the production of complex product designs at reduced time. CNC manufacturers and software vendors collaborate in this space to enhance their existing product portfolio. For instance, in December 2020, CNC Software Inc., one of the CAD/CAM software solutions providers (now part of Sandvik Group), developed 5-axis Post Processor for FANUC Corporation's CNC machines. The product launch envisages Fanuc Corporation’s customers to increase their productivity using CNC machines tools.

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Computer Numerical Control Machines Market Report Highlights

• By 2030, the demand for milling machines is anticipated to reach around 500 thousand units. The growth can be attributed to the rising popularity of multi-axis milling machines in the aerospace and automotive industries
• Increasing demand for electric vehiclesis expected to create the need for CNC machines in the automotive segment. Hence, the segment is expected to register a CAGR exceeding 12% over the forecast period
• The rapid growth in the industrial sector, notably the metalworking and semiconductor manufacturing industries, is projected to drive growth in the Asia Pacific regional market. It is projected to record the highest CAGR of 13.0% from 2022 to 2030

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Computer Numerical Control Machines Market Segmentation

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

CNC Machines Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

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

CNC Machines End-use Outlook (Revenue, USD Billion, 2018 - 2030)

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

CNC Machines Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Computer Numerical Control Machines Market

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

In-vehicle Payment Services Market Estimated To Flourish By 2030: Grand View Research Inc.

 In-vehicle Payment Services Market Growth & Trends

The global in-vehicle payment services market size is expected to reach USD 14.43 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.2% from 2022 to 2030. The aggressive spending by automakers on enabling drivers to make payments and authenticate transactions from the vehicle itself coupled with the rising levels of disposable income, especially in the developed economies, and the growing preference for contactless payments are expected to drive the growth of the market over the forecast period.

Busy schedules are prompting drivers to look forward to hassle-free experiences as part of an upgraded lifestyle. At this juncture, the ability to shop, order, and pay on the go without performing any cash transactions for swiping credit/debit cards would allow commuters to save time and ensure a convenient commute. In-vehicle payment services offer drivers and passengers the convenience of making payments through various payment modes from the vehicle itself. The demand for In-vehicle payment services is expected to increase over the forecast period in line with the proliferation of connected cars and the growing preference for advanced infotainment.

Automakers, such as BMW AG, Mercedes-Benz, Ford Motor Co., Honda Motor Co. Ltd., General Motors Co., and Jaguar Land Rover Automotive PLC, have already started integrating in-vehicle payment services and solutions into their vehicle models. Payment service providers, such as MasterCard, Visa, and PayPal, are also striking strategic partnerships and collaborations with automotive OEMs to deliver efficient in-vehicle payment platforms.

The preference for contactless payments is growing in the wake of the outbreak of the COVID-19 pandemic. As such, the majority of the parking systems, gas stations, and toll collection booths have already incorporated mobile payment technology. The popularity of e-wallets is rising owing to the convenience and ease of payment e-wallets can offer. Digital wallet and online payment platforms, such as Google Pay, Amazon Pay, and Apple Pay, are also getting immensely popular and their adoption is expected to increase significantly over the forecast period.

However, automotive OEMs are looking forward to designing and developing a payment ecosystem that would allow drivers and passengers to avail and pay for all the desired services, such as filling gasoline or charging electric cars, booking and paying for parking slots, paying tolls at toll booths, and ordering food and coffee, among others, without having to get out of the vehicle. Hence, the market for in-vehicle payment services is expected to grow significantly over the forecast period.

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In-vehicle Payment Services Market Report Highlights

• The food/coffee segment held a significant revenue share of over 27% in 2021, attributed to the high preference for ordering food and coffee on the go
• The credit/debit card segment dominated the market for in-vehicle payment services in 2020 and is estimated to generate a revenue of over USD 7.36 billion by 2030
• North America accounted for the largest revenue share in 2021. Continued integration of the latest technologies in automobiles and the rising levels of disposable income are anticipated to drive the growth of the regional market

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In-vehicle Payment Services Market Segmentation

Grand View Research has segmented the global in-vehicle payment services market based on mode of payment, application, and region:

In-vehicle Payment Services Mode of Payment Outlook (Revenue, USD Million, 2018 - 2030)

• NFC
• QR Code/RFID
• App/e-wallet
• Credit/Debit Card

In-vehicle Payment Services Application Outlook (Revenue, USD Million, 2018 - 2030)

• Parking
• Gas/Charging Stations
• Shopping
• Food/Coffee
• Toll Collection
• Others

In-vehicle Payment Services Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

List of Key Players in the In-vehicle Payment Services Market

• BMW AG
• Daimler AG
• Ford Motor Co.
• General Motors Co.
• Honda Motor Co. Ltd.
• Hyundai Motor Co.
• Jaguar Land Rover Automotive PLC
• Volkswagen AG
• ZF Friedrichshafen AG
• Google
• Amazon
• Visa
• MasterCard
• PayPal

About Grand View Research

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

North America Digital Health Market Trends, Demand, Production, Analysis and Forecast to 2030: Grand View Research Inc.

 North America Digital Health Market Growth & Trends

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

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

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North America Digital Health Market Report Highlights

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

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North America Digital Health Market Segmentation

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

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

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

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

• Software
• Hardware
• Services

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

• North America
  • US
  • Canada

List of Key Players of North America Digital Health Market

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

About Grand View Research

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

Telemedicine Market Outlook Growth Emerging Factors On Geography, Technological Advancements And Mounting Demand Forecast To 2022-2030

 Telemedicine Market Growth & Trends

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

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

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

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

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

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Telemedicine Market Report Highlights

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

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Telemedicine Market Segmentation

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

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

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

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

• Store & Forward
• Real-time
• Others

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

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

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

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

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

• Tele-hospital
• Tele-home

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

• Providers
• Payers
• Patients
• Others

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

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

List of Key Players of Telemedicine Market

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

Root Beer Market Top Players, Segments, Cost Structure, Demand, Sales | 2030 Forecast

 Root Beer Market Growth & Trends

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

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

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

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Root Beer Market Report Highlights

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

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

Root Beer Market Segmentation

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

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

• Alcoholic
• Non-alcoholic

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

• Conventional
• Diet

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

• On-trade
• Off-trade

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

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

List of Key Players of Root Beer Market

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

About Grand View Research

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

Polyphenols Market Competitive Insight and Key Drivers 2022 to 2030: Grand View Research Inc.

 Polyphenols Market Growth & Trends

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

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

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Polyphenols Market Report Highlights

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

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

Polyphenols Market Segmentation

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

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

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

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

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

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

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

List of Key Players of Polyphenols Market

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

About Grand View Research

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

Automated Parking System Market is Expected to Amplify USD 6.66 Billion Value by 2030: Grand View Research Inc.

 Automated Parking System Market Growth & Trends

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

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

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

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Automated Parking System Market Report Highlights

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

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

Automated Parking System Market Segmentation

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

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

• Hardware
• Software

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

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

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

• Palleted
• Non-palleted

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

• Fully Automated
• Semi-automated

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

• Residential
• Commercial
• Mixed-use

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

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

List of Key Players in the Automated Parking System Market

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

About Grand View Research

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