Consumer Drone Market Estimated To Flourish By 2030: Grand View Research Inc.

 

Consumer Drone Market Growth & Trends

The global consumer drone market size is projected to reach USD 11.56 billion by 2030, registering a CAGR of 13.8% from 2022 to 2030, according to a new report by Grand View Research, Inc. The industry is projected to expand significantly due to its widespread commercial and leisure applications. Companies are using drone-acquired data to speed up service delivery in their business operations. Evolution in in-flight controls and technology, as well as advancements in portable video and camera technology, have boosted the demand for consumer drones, such as tiltrotors, multi-copters, and helicopters. The development of cutting-edge technology that makes drones safer, such as geo-fencing and collision avoidance, has led to a rise in the use of consumer drones across several industries.

New developments in the manufacturing of consumer drones have raised product demand. The latest drone model specifications include a higher range, faster speeds, navigation systems that can be connected to the user’s phone, and efficient, safe, and effective control systems. Consumer drones are provided with all the components for the best control systems and power efficiency by motor drivers, angle, position, charger sensors, chargers, and regulators. These properties of consumer drone parts are superior in performance and consume little power, positively influencing consumer purchasing decisions. The increasing popularity of drone racing and drone photography competitions, as well as other initiatives that promote drone flying as leisure, is also attributed to the industry expansion.

In addition, the administrative authority, which allows drones to fly for non-commercial purposes in specific locations also promotes the expansion of the industry. Consumer drone sales are expected to increase in regions like North America and Europe due to the DIY developer drone, which includes customized drone fabrication. In the upcoming years, factors including the growing number of startup companies entering the UAV sector in developing nations like China are anticipated to fuel regional market expansion.

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Consumer Drone Market Report Highlights

• The multi-rotor segment accounted for the majority of revenue share in 2021. Multi-rotor drones are utilized more frequently in photography and racing. The main aspects influencing the rising popularity of multi-rotor drones are their capacity to operate in challenging environments and the development of several cutting-edge applications

• The prosumer segment is expected to witness the highest CAGR from 2022 to 2030 owing to their increased application in gaming enthusiasts to accept drones as their newfound source of entertainment

• Asia Pacific accounted for the largest share in 2021 and is expected to emerge as a predominant region over the forecast period. Increasing investment by Japan and China in producing multi-functional drones for various applications is expected to drive regional growth over the forecast period

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Consumer Drone Market Segmentation

Grand View Research has segmented the consumer drone market based on product, application, and region:

Consumer Drone Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Multi-rotor

• Nano

• Others (Fixed-wing, Hybrid)

Consumer Drone Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• Prosumer

• Toy/Hobbyist

• Photogrammetry

Consumer Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

• Asia Pacific

  • China

  • Japan

• Latin America

• Middle East & Africa

List of Key Players in Consumer Drone Market

• 3D Robotics, Inc. (Kitty Hawk)

• Da-Jiang Innovations Science and Technology Co., Ltd. (DJI)

• Eachine

• Guangdong Cheerson Hobby Technology Co., Ltd

• Guangdong Syma Model Aircraft Industrial Co., Ltd (Syma)

• Guangzhou Walkera Technology Co., Ltd. (Walker)

• Yuneec International Co., Ltd.

• SkyTech Drone Sp. z o.o

• Horizon Hobby, LLC

• Parrot Drone SAS

• Shantou Chenghai Weili Toys Industrial Co., Ltd. (WLtoys)

• Jianjian Technology Co., Ltd.

• Hubsan

About Grand View Research

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

Global Market For Patient Referral Management Software to Witness Tremendous Growth and Expansion by 2030

 

Patient Referral Management Software Market Growth & Trends

The global patient referral management software market size is expected to reach USD 35.9 billion by 2030, based on a new report by Grand View Research, Inc., expanding at a CAGR of 17.6% from 2022 to 2030. Some of the key factors driving the demand for patient referral software are the rising need for patient engagement, reduction in the likeliness of errors, decrease in administrative burden, and budgetary allocation for healthcare, especially in developing countries. Medical errors can result in tremendous losses in terms of finances and patient care. For instance, as per the Canadian Patient Safety Institute, medical errors account for approximately 28,000 deaths per year in Canada.

The business strategies undertaken by the players to strengthen their presence are fuelling the market growth. Collaborations between the market players and the healthcare providers, new product launches, technological advancements, and customization of patient referral software are expected to fuel market growth. For instance, companies such as Cerner Corporation and ReferralMD have come up with innovative features of providing patients with the flexibility of direct appointment booking. This provides the care coordinators with a platform that includes patient engagement solutions and also allows the patients and the healthcare providers to search for specialists and schedule appointments from the web portal.

The supportive government regulations to promote the adoption of healthcare IT solutions are boosting the penetration of medical referral software. For instance, the program "Healthy China 2030" seeks to increase health coverage and promotion of patient referral software. Moreover, the Ministry of Health in Argentina introduced a nationwide digital health network in April 2020 to enable care facilities to securely access patient data through standardized integration in order to enhance patient interactions. The initiative is likely to enable close to 45 million individuals to have access to free public healthcare.

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Patient Referral Management Software Market Report Highlights

• Based on type, in 2021, the inbound patient referral segment dominated the market with a revenue share of over 75.0% and is expected to grow at the fastest rate over the forecast period owing to the rising inbound referrals by hospitals and specialists from various channels

• Based on deployment mode, the cloud and web-based segment held the largest share of over 70.0% in 2021 and is likely to grow at the fastest rate over the forecast period owing to the rising demand for cloud-based models as they require minimal capital investments and provide real-time databases

• Based on end-use, the providers segment dominated the market with a share of over 50.0% in 2021 owing to the increasing focus on efficient patient referral processing and the growing demand for better communication processes between providers and patients

• In 2021, North America held the largest share of over 55.0% in terms of revenue owing to the rapidly growing geriatric population, technological advancements in infrastructure, and a large pool of industry players in the region

• Asia Pacific is expected to expand at the fastest CAGR of 20.3% over the forecast period pertaining to the rising supportive government initiatives to launch healthcare IT solutions. Developing healthcare infrastructure in developing countries, such as China and India, is contributing to the industry growth in this region 

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Patient Referral Management Software Market Segmentation

Grand View Research has segmented the global patient referral management software market based on type, deployment mode, end-use, and region:

Patient Referral Management Software Type Outlook (Revenue, USD Million, 2017 - 2030)

• Inbound

• Outbound

Patient Referral Management Software Deployment Mode Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud & Web-based

• On-premise

Patient Referral Management Software End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Providers

• Payers

• Patients

• Others

Patient Referral Management Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Singapore

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Patient Referral Management Software Market

• Allscripts Healthcare Solutions, Inc.

• Athena Health

• Cerner Corporation

• Eceptionist, Inc.

• Ehealth Technologies

• Insync Healthcare

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.

Wood Pellets Market is Expected to Enhance USD 13.38 Billion Revenue By 2030: Grand View Research Inc.

 

Wood Pellets Market Growth & Trends

The global wood pellets market size is expected to reach USD 13.38 billion by 2030, exhibiting a revenue-based CAGR of 5.5% during the forecast period, according to a new report by Grand View Research, Inc. The demand for wood pellets is expected to witness significant growth over the forecast period, owing to the rising global demand for renewable energy to reduce the usage of fossil fuels that contributes to global warming.

The 2018 adoption of the "Clean Air" program is also driving the usage of wood pellets in the residential sector. As it provides subsidies and low-cost loans for energy-efficiency improvements to single-family homes, has attracted applicants looking to replace their existing heating systems with wood pellets-fed systems.

The commercial heating industry, a huge potential market for pellets, is already showing some exciting advances in Eastern Europe and is expected to continually grow the demand for wood pellets in the commercial sector during the forecast period. They can generate enormous amounts of potable or non-potable hot water for use in big central heating systems for providing process heat during a specific phase of a manufacturing procedure.

As the global electricity demand is rising, new power generation facilities are being established, along with capacity enhancements of the existing ones. Companies are opting for renewable sources to generate electricity owing to stringent implementation of regulations related to carbon emissions which will be driving the demand for wood pellets during the forecast period.

Enviva being one of the biggest wood pellet manufacturers worldwide, in April 2022, declared that it would spend about $250 million in Bond, Mississippi to construct a new wood pellet manufacturing facility. The plant is a crucial part of the company's growth strategy, which aims to double production capacity over the next five years from the present 6.2 million metric tons annually to roughly 13 million metric tons annually.

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Wood Pellets Market Report Highlights

• The growing demand for heating in wood pellets is likely to drive its growth at a CAGR of 5.9% over the forecast period. The rising global demand for renewable energy is driving the demand for wood pellets to reduce the usage of fossil fuels that contributes to global warming. Additionally, the usage of wood pellets is increasing worldwide to meet Kyoto Protocol commitments as well as their beneficial attributes like low manufacturing costs and easy availability of pellet fuel feedstock have also contributed to their increased consumption in the global industrial sector

• Heating application segment is expected to reach USD 8.02 billion in revenue by 2030, owing to various government policies such as European Union (EU) laws encouraging the use of renewable energy for heating applications in commercial as well as industrial end-use for power generation and heating applications

• The residential end-use segment is anticipated to dominate the market accounting for 45.0% of the market in 2021, owing to the increasing usage of wood pellets in residential homes for efficient combustion in smaller stoves for heating and cooking as a result of the subsidies provided by the government

• U.S. accounted for a revenue share of 86.2% of North America in 2021, owing to the increasing demand for wood pellets in the United States as a result of its primary usage for residential heating, with some commercial heat and CHP applications. Wood pellets are used to heat about 80,000 houses in the United States, in freestanding stoves, fireplace inserts, and even furnaces

• Key industry players are undertaking mergers and collaborations to expand their reach and increase production capacity, thereby advancing their market share. Additionally, prominent suppliers are focusing on research & development activities to reduce operational costs; maximize the efficiency of production and storage and enhance the quality of products to maintain their position in the market

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Wood Pellets Market Segmentation

Grand View Research has segmented the global wood pellets market based on application, end-use, and region:

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

• Heating

• Power Generation

• CHP

Wood Pellets End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Residential

• Commercial

• Industrial

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

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in the Wood Pellets Market

• Energex

• Enviva LP

• Graanul Invest

• Drax Biomass

• Pinnacle

• Sinclar Group Forest Products

• Lauzon

• Wood Pellet Energy (UK) Ltd.  

• United Company

• Highland Pellets LLC

• Groupe Savoie Inc.

• I.C.S. (Lacroix) Lumber Inc.

• Vermont Wood Pellet Company

• AVPGroup

• Farm Fuels

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.

Category Management Software Market Latest Innovations, Drivers and Industry Key Events 2022– 2030: Grand View Research Inc.

 

Category Management Software Market Growth & Trends

The global category management software market size is expected to reach USD 3.79 billion by 2030, growing at a CAGR of 11.1% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing demand for omnichannel retailing to facilitate operations efficiently is expected to drive industry growth. The retail industry is still far from organized and still contributes a major factor in numerous economies worldwide. At the same time, malls also play a vital role in achieving revenue targets. For instance, from shopping, health, and wellness to gaming and entertainment, malls cater to every segment to meet the growing customer demands.

The use of category management solutions in these retail stores of malls can play a vital role in maintaining the inventory stocks per customer preferences. Moreover, awareness about these solutions for proper placements of products in retail stores contributes significantly to the industry development. There is a growing need for category management software solutions, especially in the retail segment and other B2C modes. These types of businesses possess considerable growth potential, and the implementation of category management software solutions by retailers is anticipated to open up new business opportunities for software developers. Hence, the industry leaders are focusing on catering to the retail segment’s needs owing to their increased scalability.

The adoption of category management software offers multiple advantages, such as comprehensive and customizable graphical reports. Category management solutions help retailers analyze what customers want their products based on their purchasing behavior. The category management solutions allow retailers, in turn, to concentrate on improving the sales process and boosting revenue. Moreover, it also aids businesses with category insights and required improvements in the procuring process, which attracts many industry players to adopt category management software to make strategic decisions.

The COVID-19 outbreak has significantly impacted industry development. Major retailers, such as Amazon and Walmart, have shifted from traditional to hybrid-digital mode. Thus, growing digitalization and the introduction of category management software by key players are expected to drive industry growth. COVID-19 has impacted the industry significantly. Major retailers, such as Amazon and Walmart, have shifted from traditional mode to hybrid-digital mode. Thus, the growing digitalization and introduction of category management software by key players are expected to drive industry growth.

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Category Management Software Market Report Highlights

• The floor planning software segment is expected to witness the fastest CAGR during the forecast period. The growing consumer demand for user-friendly and enhanced floor planning software, supported by digitalization, is boosting the segment growth

• The managed services segment is expected to register the fastest CAGR during the forecast period. The increasing demand for maintenance and support services is driving the segment

• The cloud segment is anticipated to register the fastest CAGR during the forecast period. Aggressive implementation of cloud-based software to deliver global insights responsible for business productivity is fueling the segment growth

• The Small & Medium Enterprises (SMEs) segment is anticipated to showcase remarkable growth during the projection period due to the increasing number of SMEs across the globe

• The retail segment dominated the industry in 2021 due to the hybrid physical and digital environment that the software offers for catering to the changing consumer needs

• Asia Pacific is anticipated to grow at the fastest CAGR during the forecast period. The growth is attributed to the rising number of large retail stores to cater to the growing customer demands in the region

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Category Management Software Market Segmentation

Grand View Research has segmented the global category management software market based on solution, service, deployment, enterprise size, application, and region:

Category Management Software Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Planogram Software

• Floor Planning Software

• Assortment Planning

• Others

Category Management Software Service Outlook (Revenue, USD Million, 2017 - 2030)

• Managed Services

• Professional Services

Category Management Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud-based

• On-premise

Category Management Software Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises

• Small & Medium Enterprises

Category Management Software Application Outlook (Revenue, USD Million, 2017 - 2030)

• Retail

• Distribution

• Consumer Packaged Goods

Category Management Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

• Middle East & Africa (MEA)

List of Key Players of the Category Management Software Market

• Oracle Corp.

• Aptos, LLC

• Board International S.A.

• Interactive Edge

• 42 Technologies, Inc.

• Epicor Software Corp.

• Softvision

• GEP

• JAGGAER

• DotActiv (Pty) 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.

Microcarriers Market Get Facts About Business Strategies 2022 to 2030: Grand View Research Inc.

 

Microcarriers Market Growth & Trends

The global microcarriers market size is estimated to reach USD 3.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.6% from 2022 to 2030. The growth of the market is driven by the rising demand of cell-cultured products, the growing burden of diseases worldwide, constant investments for intensive R&D activities to identify and develop new treatments for rare disorders, and the continuous developments in technologies employed in advanced research such as cell-biology.4

Amidst the COVID-19 pandemic, the market witnessed a positive growth. The continuous strive of scientist and researchers to find and develop vaccines for the SARS-CoV2 virus resulted in scaling up of R&D efforts by both healthcare companies and academic institutes. The increased research activities, huge funding, and growing demand of therapeutic products resulted in the growth of the market. Moreover, development of viral vectors based vaccines requires efficient production of viruses which is possible using microcarriers cell-culture. For instance, scientists from University of Copenhagen demonstrated in their research article published in June 2021 that SARS-CoV2 virus was efficiently produced in Vero cells in a single-use bioreactors packed with carrier beads. Findings like these have boosted the COVID-19 vaccine production further propelling market growth.

Moreover, the marketspace is rapidly expanding owing to the high usage of microcarriers as matrix for adherent cell manufacturing and these small spherical beads are used across all scales of commercial production. The increasing demand of innovative therapeutic options such as cell and gene therapy, viral vaccines, and monoclonal antibodies for treatment of malignant and rare diseases has resulted in increase in the biopharmaceutical production capacities. For example, Pfizer Inc., announced in December 2021 that it has invested USD 68.5 million and opened a new facility in North Carolina, USA. With the expansion the company is focused on enhancing its gene therapy capabilities and clinically develops its portfolio for hemophilia A and B, DMD (Duchenne muscular dystrophy), ALS (amyotrophic lateral sclerosis) and many more neurologic, endocrine as well as metabolic diseases. Such increased investments for development of biopharmaceuticals and regenerative medicines are expected to propel the market growth.

Furthermore, cell-biology based research involves exhaustive R&D for developing new therapies. But these efforts require investments for cell lines, media, equipment and other related products for microcarriers culture and thus requires huge influx of money. Institutes and emerging players with budget constraints will limit the cell based research for therapeutics development. Hence, it will decrease the adoption of cell-culture products and restrain the growth. However, government initiatives for novel drug production and collaboration & partnerships with key players can offer investment relief and enhance the market growth.

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Microcarriers Market Report Highlights

• By consumables, the microcarriers beads segment held the largest revenue share in 2021. Presence of key players offering the products along with their continuous usage during bio-manufacturing process drives market growth

• By application, the biopharmaceutical production segment dominated the market in 2021. Increased demand for vaccine during the COVID-19 pandemic and continuous regulatory support for therapeutics boosts the usage of microcarriers during bio-manufacturing, leading to highest segment share

• By end-user, the pharmaceutical and biotechnology companies are the highest revenue generators in microcarriers market in 2021. New drug development programs, intensive R&D pipeline, growing investments for therapeutic products contributes to the revenue generation

• North America region captured the largest share in 2021 for microcarriers market. The major factors for the regional dominance are prevalence of diseases, presence of key market players, high usage of cell based products, and supportive government initiatives

• Asia Pacific region will witness the fastest growth in the microcarriers market during the forecast, due to rising R&D activities, increased domestic demand of biologics and growing economies

Microcarriers Market Segmentation

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Grand View Research has segmented the global microcarriers market based on consumables, application, end-user, and region:

Microcarriers Consumables Outlook (Revenue, USD Million, 2018 - 2030)

• Media & Reagents

• Microcarrier Beads

• Collagen Coated Beads

• Cationic Beads

• Protein Coated Beads

• Untreated Beads

• Others

Microcarriers Application Outlook (Revenue, USD Million, 2018 - 2030)

• Biopharmaceutical Production

• Vaccine Production

• Therapeutic Production

• Regenerative Medicine

Microcarriers End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical & Biotechnology Companies

• Contract Research Organizations & Contract Manufacturing Organizations

• Academic & Research Institutes

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

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Microcarriers Market

• Thermo Fisher Scientific, Inc.

• Merck KGaA

• Danaher Corporation

• Sartorius AG

• Corning Incorporated

• Eppendorf SE

• Bio-Rad Laboratories, Inc.

• HiMedia Laboratories Pvt. Ltd.

• denovoMATRIX GmbH

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.

Battery Swapping Charging Infrastructure Market Outlook Growth Emerging Factors On Geography, Technological Advancements And Mounting Demand Forecast To 2030

 

Battery Swapping Charging Infrastructure Market Growth & Trends

The global battery swapping charging infrastructure market size is expected to reach USD 811.5 million by 2030, expanding at a CAGR of 20.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Battery swapping charging infrastructure, also known as battery-as-a-services, eliminates the maintenance and service cost required, reduces the upfront cost of an Electric Vehicle(EV) considerably, cuts down CO2 emissions, and minimizes EV battery wastage. Owing to these advantages of the battery-swapping charging infrastructure, the industry is expected to grow significantly over the forecast period.

Through the battery-swapping charging infrastructure, consumers can borrow batteries as a stand-alone component from automobiles. The upgradation and recharging of batteries provided by the market conquer the shortcomings of plug-in EV chargers, including charging time and range anxiety. It provides charged batteries within a few minutes, comparable to traditional gas stations, thereby reducing the charging time. It provides longevity for long journeys by reducing users' range anxiety by providing them instant battery swapping at multiple locations. These factors are contributing to the growth of the market.

The demand for battery-swapping charging infrastructure is closely related to and dependent on the demand for electric vehicles. Governments across the world are engaging in strategic initiatives to promote electric vehicles. For instance, a multi-government policy group called the Electric Vehicles Initiative (EVI) was established to hasten the introduction and adoption of electric vehicles. EVI was established as part of the Clean Energy Ministerial (CEM), a high-level conference for the world's leading economies' energy ministers. Multiple countries, including the U.S., Canada, France, Germany, U.K., Netherlands, India, and Japan, have participated in EVI.

Such government initiatives are driving the adoption of electric vehicles which bodes well for the market. The COVID-19 pandemic had an adverse effect on global car sales. According to a report published by the International Energy Agency, global car sales witnessed an unprecedented drop in sales. However, global electric car sales grew by 40% from 2019 to 2020. The pandemic highlighted the need to adopt more environmentally cautious practices, driving the adoption of EVs. With the increasing demand for EVs, demand for public charging infrastructure also increased, driving the growth of the global market.

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Battery Swapping Charging Infrastructure Market Report Highlights

• The two-wheelers segment is expected to witness significant growth over the forecast period. Battery-swapping charging infrastructure provides a cost-efficient alternative. Traditional battery charging requires high upfront expenditure, while battery-as-a-service reduces the upfront cost

• Moreover, the time-saving capability and lack of park and charge facilities in tier-I and tier-II cities are driving the installation of battery-swapping stops for two-wheelers, driving the segment’s growth

• The subscription segment is expected to register the fastest CAGR over the forecast period. A subscription allows EV users to rent and swap batteries under a subscription pricing model

• The subscription pricing model enables users to pay monthly/quarterly/yearly for their batteries and removes the hassle of payment every time they want to swap their batteries

• The convenience of subscription battery-swapping charging services is expected to drive the segment’s growth over the forecast period.

• Europe is anticipated to register significant growth over the forecast period. Batteries form a strategic part of Europe’s digital and clean transition, and they are a critical enabling technology that plays a crucial role in the automotive sector’s competitiveness

• Key players in Europe are continuously innovating new battery and charging infrastructures, harnessing the growth of the regional market

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Battery Swapping Charging Infrastructure Market Segmentation

Grand View Research has segmented the global battery-swapping charging infrastructure market on the basis of vehicle type, service type, and region:

Battery Swapping Charging Infrastructure Vehicle Type Outlook (Revenue, USD Million, 2017 - 2030)

• Two-Wheeler

• Three-Wheeler

• Passenger Vehicle

• Commercial Vehicle

Battery Swapping Charging Infrastructure Service Type Outlook (Revenue, USD Million, 2017 - 2030)

• Pay-per-use

• Subscription

Battery Swapping Charging Infrastructure Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • The Netherlands

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

List of Key Players in the Battery Swapping Charging Infrastructure Market

• NIO Inc.

• Gogoro Inc.

• Leo Motors Inc.

• Tesla Inc.

• SUN Mobility Pvt. Ltd.

• BYD Co. Ltd.

• BattSwap Inc.

• Kwang Yang Motor Co. Ltd. (KYMCO)

• Panasonic Corp.

• Lithion Power Pvt. 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.

U.S. Biopharmaceutical Third-party Logistics Market Report by Opportunity, Demand, Recent Trends, Major Driving Factors and Business Growth Strategies

 

U.S. Biopharmaceutical Third-party Logistics Market Growth & Trends

The U.S. biopharmaceutical third-party logistics market size is expected to reach USD 87.2 billion by 2030, expanding at a CAGR of 7.3% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for novel biologics and the need to manage those is boosting the market growth. Besides, rising demand for temperature-controlled logistic services to transport biologics in various regions and growing distribution networks of biopharmaceutical companies to improve their sales are factors driving the growth.

The COVID-19 pandemic has had a major impact on global logistics to some extent due to diminished air freight capacity and reduced workforce at warehouses and airports. The decisions of local authorities to shut down the logistic infrastructure, enforce movement restrictions, or put in place additional requirements to suppress transmission of the virus have also impacted the logistic services. This has significantly hindered many supply operations.

The future seems lucrative for the biopharmaceutical third-party logistics industry in the U.S. with the retraction of government regulations related to transportation and shelter-in-place mandates. A sudden surge in the demand for cold chain logistics was observed during the pandemic. Growth in the manufacture and distribution of the COVID-19 vaccine is expected throughout 2021. For instance, in March 2021, FedEx Express started shipping COVID-19 vaccines for McKesson Corp. to centers all across the U.S. The company has already shipped millions of COVID-19 vaccines since mid-December 2020.

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U.S. Biopharmaceutical Third-party Logistics Market Highlights

• Non-cold chain logistics held the largest market share of 80.2% owing to the sales of a large number of drugs that do not require any temperature control

• The cold chain logistics segment is projected to witness the fastest CAGR of 10.1% over the forecast period owing to the demand for biologics, such as cellular therapies, vaccines, and test kits

• The increasing demand for the COVID-19 vaccine is a major contributor to the market growth. Furthermore, the rising trend of outsourcing logistics services is also fueling the growth

• Warehousing and storage held the largest market share of 43.4% share due to the growing demand for storage

• Specialty drugs dominated the market with the largest share of 39.2% in 2021 due to substantial growth in specialty pharma

Access Press Release@ https://www.grandviewresearch.com/press-release/us-biopharmaceutical-3pl-market-analysis

U.S. Biopharmaceutical Third-party Logistics Market Segmentation

Grand View Research has segmented the U.S. biopharmaceutical third-party logistics market based on supply chain, service, product type, and region:

U.S. Biopharmaceutical Third-party Logistics Supply Chain Outlook (Revenue, USD Billion, 2018 - 2030)

• Cold Chain

• Non-cold Chain

U.S. Biopharmaceutical Third-party Logistics Service Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Transportation

• Air Freight

• Sea Freight

• Overland transportation

• Warehousing and storage

• Others

U.S. Biopharmaceutical Third-party Logistics Product Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Specialty Drugs

• Generics

• Plasma Derived Products

• Others

List of Key Players in the U.S. Biopharmaceutical Third-party Logistics Market

• FedEx.

• DHL International GmbH

• SF Express

• United Parcel Service of America, Inc.

• AmerisourceBergen Corporation

• DB Schenker

• KUEHNE + NAGEL

• Kerry Logistics Network Limited

• Agility

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.

Social Networking App Market Expected to Deliver Dynamic Progression By 2030

 

Social Networking App Market Growth & Trends

The global social networking app market is expected to reach USD 267.7 billion by 2030, growing at a CAGR of 23.6% from 2022 to 2030, according to the new report by Grand View Research, Inc. The market growth is attributable to the growing demand for digital marketing services across the globe. Rapidly growing demand for inbound marketing strategies in emerging economies such as China and India is bolstering business growth.

Additionally, the digital revolution across the world is supplementing market growth. Moreover, the surge in the adoption of live streaming-based content apps in North America is propelling market growth. According to Pew Research Center, 68% of U.S. users are accessing Facebook through their mobiles. Rising demand for paid advertising services in the U.K. is anticipated to boost market growth.

Social media is an excessive catalyst to drive the website of personal business. Key players are focusing to provide text-to-speech features for social networking apps. The prime key players are offering multiple language support with an advanced user interface. Multiple companies are providing biometric traits to improve security concerns. Low-latency modes with near-field communication are propelling the market growth.

Apple iOS Store segment will register the highest growth in the forecast period. This can be attributed to the growing demand for virtual social platforms from the consumers of the U.S. and U.K. Additional security concerns and real-time threat notifications features are refueling the business growth. Easy video management, portraits with studio light, and automatic updates are reflecting the significant market growth during the forecast period.

The smartphone segment will register the highest growth in the forecast period, which can be attributed to the growing use of smartphones across the globe. The most popular mobile device worldwide is a smartphone that can run apps and connect to the internet. Social networking apps like Instagram, Facebook, Snapchat, and WhatsApp, among others, are popularly used on smartphones. As internet access and smartphone use expand worldwide, which in turn is boosting the social networking app market growth.

Asia Pacific made the largest contribution to the global social networking app with over 45.3% share in 2021 due to the rising demand for high-quality snap filters from the consumer the China and India. The rising trend in China to adopt hyperlapse integrations is propelling market growth. The market share of India is driven by the rising demand for voice navigation-based social networking apps.

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Social Networking App Market Report Highlights

• The google play store segment accounted for the highest market share of 53.8% in 2021. The growth can be attributed to the increasing number of social networking apps available on the Google Play store.

• The smartphone segment accounted for the highest market share of 57.1% in 2021. The segment's growth can be attributed to the growing penetration of smartphones globally. As most of the social networking apps are supported by smartphones with internet access in turn boosts the market growth.

• The advertising segment accounted for the highest market share of 64.4%in 2021. Companies generate most of their revenue from advertising. Further, advertising on social media apps will help the users in building the brand, improve the conversion rates, and reach new customers among others.

• The Asia Pacific regional market is anticipated to hold the largest market share of more than 45% in 2021. The regional growth can be attributed to the growing demand for AI-powered social networking apps for business networking.

• Europe is projected to witness a CAGR of 28.7% from 2022 to 2030. Soaring demand for machine learning-based chat services in the U.K. is estimated to escalate the market growth over the forecast period.

• Prominent players in the market include Reddit, Meta, Twitter, Meet Up, Tapebook, Tumblr, Viber, Whisper, Line, and Yubo.

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

Social Networking App Market Segmentation

Grand View Research has segmented the global social networking app market report based on marketplace type, device type, and region:

Social Networking App place Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Google Play Store

• Apple IOS Store

• Microsoft Store

• Others

Social Networking App Device Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Smartphones

• Others

Social Networking App Revenue Source Outlook (Revenue, USD Million, 2017 - 2030)

• Advertising

• In-App Purchase

• Paid App

Social Networking App Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in Social Networking App Market

• Reddit

• Meta

• Twitter

• Meet Up

• Tapebook

• Tumblr

• Viber

• Whisper

• Line

• Yubo

About Grand View Research

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

Enterprise Software Market Trends Regulations And Competitive Landscape Outlook to 2030

 

Enterprise Software Market Growth & Trends

The global enterprise software market size is expected to reach USD 517.26 billion by 2030, expanding at a CAGR of 11.5% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The market growth can be attributed to increasing focus of various end-use organizations on digitalizing their business operations, high demand for data-driven decision-making tools, and increasing adoption of cloud computing and data analytics technologies. With enterprise software, organizations are automating various daily tedious tasks, improving their marketing and sales divisions to increase client conversion rates, and modifying business processes to meet evolving market needs. Due to this, demand for enterprise software is expected to increase notably in the forecast period.

The growing number of e-commerce companies and various companies’ preference for enhancing their digital channel interfaces to improve the consumer experience are expected to drive the market in the retail sector. The industry players are strengthening their retail technology solution portfolio to bring innovations in retail-specific enterprise software. For instance, in August 2020, enterprise software provider, Aptean, acquired the product lifecycle management division of retail technology solution company, Aptos. This acquisition will help Aptean expand its cloud-based enterprise software offerings for fashion, luxury, and other retail industries. Moreover, in April 2022, Software AG acquired software services provider, StreamSets for an undisclosed amount. The acquisition will enable Software AG to manage its clients’ data transfer between cloud data platforms, on-premise applications, and other legacy data stores.

Growing demand for enterprise software is encouraging startups to enter this potential industry. The startups are focusing on offering enterprise software at reasonable costs and raising funds to improve their global networks and consumer base. For instance, in March 2022, Locofy.ai, an enterprise software company, raised USD 3 million in a funding round organized by various investing firms such as Boldcap, Golden Gate Ventures, Accel, and January Capital. The company will utilize this funding to expand its software development team and R&D capabilities. Moreover, in July 2022, ElevateHQ, a Business-to-Business (B2B) software provider, raised USD 1.1 million in a funding round of a financial company, Leo Capital. Such an initiative by startups will create a positive outlook for the market in the forecast period.

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

Enterprise Software Market Report Highlights

• The enterprise resource planning software segment is anticipated to expand at a CAGR of 10.7% from 2022 to 2030. Increasing supportive initiatives by the government for digital technologies and the high usage of ERP tools for streamlining the business processes for effective resource utilization is expected to fuel the segment growth from 2022 to 2030

• The cloud deployment segment is expected to register a CAGR of 13.6% from 2022 to 2030 owing to advancements in cloud technologies and reasonable subscription plans introduced by market players. The cloud-based enterprise software offers better working flexibility, a creative user interface, and low operating costs, supporting the market trend

• The small and medium enterprise (SMEs) segment is expected to expand at a CAGR of 13.2% from 2022 to 2030. SMEs are notably adopting enterprise software to reduce their maintenance and inventory costs and improve their workflow capability for better internal collaborations

• The healthcare segment is anticipated to expand at a CAGR of 13.6% from 2022 to 2030. Intense competition between pharmaceutical equipment firms, rising focus on improving the remote medical treatment ecosystem, and high growth in the pediatric and geriatric populations are creating a favorable environment for enterprise software in the healthcare sector

• Asia Pacific is expected to register a CAGR of 13.4% from 2022 to 2030 owing to the significant penetration by global market players, remarkable technological advancements in the software industry, and emerging startups in various countries such as India, Singapore, Australia, Japan, and Thailand

Enterprise Software Market Segmentation

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

Grand View Research has segmented the global enterprise software market based on software, deployment, enterprise size, end-use, and region:

Enterprise Software Outlook (Revenue, USD Billion, 2017 - 2030)

• Enterprise Resource Planning (ERP) Software

• Business Intelligence Software

• Content Management Software

• Supply Chain Management Software

• Customer Relationship Management Software

• Others (Marketing, Human Resource Management, Payment Processing)

Enterprise Software Deployment Outlook (Revenue, USD Billion, 2017 - 2030)

• On-premise

• Cloud

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

• Large Enterprise

• Small & Medium Enterprise

Enterprise Software End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI

• Retail

• Healthcare

• IT & Telecom

• Government & Education

• Manufacturing

• Others (Transportation, Hospitality, Automotive)

Enterprise Software Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

• MEA

List of Key Players of Enterprise Software Market

• Broadcom Inc. (CA Technologies, Inc.)

• Epicor Software Corporation

• Hewlett Packard Enterprise

• IBM Corporation

• Microsoft Corporation

• Oracle Corporation

• Salesforce.com, Inc.

• SAP SE

• SYSPRO

• Zoho Corporation Pvt. 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.