AI In Retail Market Latest Innovations, Drivers and Industry Key Events 2022 – 2030: Grand View Research Inc.

 

AI In Retail Market Growth & Trends

The global AI in retail market size is anticipated to reach USD 40.74 billion by 2030, expanding at a CAGR of 23.9% from 2022 to 2030, according to a new study by Grand View Research, Inc. The rising prominence of advanced technologies, such as chatbots and voice recognition programs, has furthered the growth potential. Moreover, the emerging online retail sales, increasing focus of retailers on improving customers’ shopping experience, rising reliance on digital marketing, and growing investments in AI, accompanied by supportive government regulations, are the crucial factors contributing to the progress of the industry worldwide.

AI algorithms play a pivotal role in assessing a considerable amount of data collated from consumers’ online behavior. Moreover, AI-driven image and video analytics have become trendier to help filter out and classify images and less important visual content, expediting investments across developed and developing economies.

Adopting AI in retail helps provide better outcomes and engage customers in the virtual world, which is expected to increase demand for AI in retail in the coming years. For instance, in January 2021, Google LLC launched Product Discovery Solutions for Retail. This product is a suite of services created to improve retailers’ e-commerce potential and aid them in delivering personalized consumer experiences.

The image and video analytics segment is poised to gain a significant share in the AI in retail market during the assessment period, partly due to the growing prominence of in-store promotional strategies and image search. To illustrate, eBay uses AI to streamline image searches, enhance buyer-seller trust, and boost shipping and delivery times. Meanwhile, Amazon prioritizes AI to expand visual search and facial recognition, among others.

Stakeholders anticipate the virtual assistant segment to contribute significantly to the global market. The trend is mainly attributed to the growing prominence of voice-powered search queries and personalized shopping experiences. Prominently, intelligent virtual assistants have reshaped the industry dynamics, helping retailers handle customer queries seamlessly.

Major players in the market are consistently investing in advanced technologies and introducing customer targeting and tailored solutions to stay ahead of the competition. For instance, in August 2020, Kenco, a company that provides logistics services based in the U.S., launched DaVinci AI to create predictive insights, boosting supply chain and prescriptive actions.

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AI In Retail Market Report Highlights

• The chatbots segment is projected to advance at the fastest CAGR of 30.0% from 2022 to 2030, owing to the rising prominence of advanced technologies, such as voice recognition programs

• The Customer Relationship Management (CRM) segment held the largest revenue share in 2021, due to surging demand to boost customer retention and return on investments. CRM will also gain traction due to seamless communication, social media integration, and data collection for retail businesses

• Natural language processing (NLP) will grow with an uptick in data analysis and the trend of mobile interfaces and touchscreens. For instance, NLP will remain instrumental in sentiment analysis to analyze customer messages, call center interactions, online reviews, and social media posts

• Asia Pacific will contribute significantly to the global market growth during the assessment period. The growth outlook is mainly due to investment in cutting-edge technologies to streamline the supply chain

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AI In Retail Market Segmentation

Grand View Research has segmented the global AI in retail market based on component, technology, sales channel, application, and region:

AI In Retail Component Outlook (Revenue, USD Million, 2017 - 2030)

• Solution

• Services

AI In Retail Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Machine Learning

• Natural Language Processing

• Chatbots

• Image and Video Analytics

• Swarm Intelligence

AI In Retail Sales Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Omnichannel

• Brick and Mortar

• Pure-play Online Retailers

AI In Retail Application Outlook (Revenue, USD Million, 2017 - 2030)

• Customer Relationship Management (CRM)

• Supply Chain and Logistics

• Inventory Management

• Product Optimization

• In-Store Navigation

• Payment and Pricing Analytics

• Virtual Assistant

AI In Retail Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

• Asia Pacific

  • China

  • Japan

  • India

• South America

  • Brazil

• Middle East and Africa

List of Key Players in the AI In Retail Market

• NVIDIA Corporation

• Microsoft Corporation

• Google LLC

• IBM Corporation

• SAP SE

• Oracle Corporation

• Sentient technologies

• Intel Corporation

• Salesforce, 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.

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

 

Renewable Energy Market Growth & Trends

The global renewable energy market size is expected to reach USD 2.97 trillion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.6% from 2022 to 2030. Governments across the world have framed various regulations to reduce Greenhouse Gas (GHG) emissions. The shift toward low-carbon fuels and the presence of stringent environmental regulations in most developed countries have provided a major boost to the renewable energy sector. Due to climate change and increasing environmental concerns, most governments have set targets to cut down their emissions. As a result, there have been huge investments in renewable energy and alternate fuels, and this trend is expected to continue in the coming years.

Thus, the increasing inclination toward eco-friendly products to reduce emissions is expected to fuel the demand for renewable energy during the forecast period. The hydropower segment accounted for the maximum revenue share in 2021. Hydropower also known as hydroelectric power offers advantages to the communities and plays a crucial role to help climate change by providing storage, power, and flexibility services. It is a domestic source of energy, which allows each state to generate its energy without reliance on any international fuel sources. The solar power segment is expected to witness considerable growth in the forecast period owing to its low cost. Moreover, it reduces electricity interruptions. Industrial was the dominant application segment in 2021.

The growing demand for clean electricity is expected to increase the number of utility projects and fuel the PV modules market growth across the industrial sector. The commercial segment is expected to expand further at the fastest CAGR during the forecast period The rapid adoption of PV modules in corporate offices, hotels, and hospitals is expected to drive the product demand across the commercial sector coupled with an increased power demand in communication base stations and data centers. The Asia Pacific was the largest region for renewable energy in 2021 due to the high demand for renewable energy as a result of the rising number of installations of solar power projects in China and India.

These countries are the key markets for solar panels both globally and in the Asia Pacific. In addition, countries in the region, including Australia and Japan, have high growth potential as they have been investing largely in solar power generation for the last few years. Major players in the industry are focusing on innovation and technological advancements to reduce the cost of renewable energy and make it competitive with traditional power sources, such as natural gas and coal. In addition, industry participants are emphasizing practicing several strategic initiatives, such as joint ventures, partnerships, mergers & acquisitions, and others, to enhance their foothold in the market.

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Renewable Energy Market Report Highlights

• Hydropower emerged as the largest product segment in 2021, in terms of revenue, owing to it playing a crucial role to help climate change by providing storage, power, and flexibility services.

• In terms of revenue, the industrial segment led the industry in 2021 due to the growing demand for clean electricity, which, in turn, is expected to increase the number of utility projects and fuel the PV modules market growth across the industrial sector

• The Asia Pacific accounted for the dominant revenue share in 2021 due to the increasing demand for renewable energy as a result of the rising number of installations of solar power projects in China and India

• Europe is estimated to grow at a significant CAGR during the forecast period owing to the availability of funding in the European Union for energy conservation and energy efficiency projects

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Renewable Energy Market Segmentation

Grand View Research has segmented the global renewable energy market based on product, application, and region:

Renewable Energy Product Outlook (Volume, TWh; Revenue, USD Billion, 2019 - 2030)

• Hydropower

• Wind Power

• Solar Power

• Bioenergy

• Others

Renewable Energy Application Outlook (Volume, TWh; Revenue, USD Billion, 2019 - 2030)

• Industrial

• Residential

• Commercial

Renewable Energy Regional Outlook (Volume, TWh; Revenue, USD Billion, 2019 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • Italy

  • U.K.

  • Norway

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Iran

  • Egypt

List of Key Players of the Renewable Energy Market

• ABB

• Acconia

• Enel Spa

• General Electric

• Innergex

• Invenergy

• Schneider Electric

• Siemens Gamesa Renewable Energy, S.A.

• Suzlon Energy Ltd.

• Tata Power

• Xcel Energy, 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.

Data Center As A Service Market is Likely To Touch USD 461.4 Billion by 2030: Grand View Research Inc.

 

Data Center As A Service Market Growth & Trends

The global data center as a service market size is expected to reach USD 461.4 billion by 2030, expanding at a CAGR of 26.2% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. The market is expected to witness high growth owing to a rise in data traffic, high data center ownership costs, and the rising adoption of cloud computing. Furthermore, the increasing requirement for network capacity expansion by various network operators to provide a better customer experience by reducing latency is expected to drive the adoption of data center-as-a-service (DCaaS).

The increasing workload on the cloud during the pandemic outbreak coupled with the loss of revenue for several firms is expected to compel enterprises to adopt the DCaaS model to reduce expenditure and cut operational and overhead costs. Further, the growing IoT and 5G penetration have led to a significant growth in the data volumes, which is driving organizations to adopt cloud computing and storage solutions. As such, the pandemic outbreak has had a positive impact on the DCaaS market with several large enterprises and SMEs adopting the DCaaS model in order to cater to increased workloads.

Regulatory and compliance requirements are increasing constantly due to transformation in business needs, rising cyber-attacks and data breaches, and increasing data security concerns. For instance, General Data Protection Regulation (GDPR) in Europe regulates how companies protect the data of EU residents under the European Union privacy and data protection laws. As such, the increasing risk of cyber-attacks and stringent data protection laws are expected to create hesitation among end-users in the adoption of DCaaS, thereby posing a challenge to market growth. 

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Data Center As A Service Market Report Highlights

• Growing demand for sophisticated IT infrastructure to cater to the increased data volumes and advanced applications is expected to contribute to the growth of the servers and storage segments over the forecast period

• The IT and telecommunication vertical segment held the largest market share in 2021 and is expected to retain its dominance over the forecast period. The growing need for increased data storage capacities and faster processing speeds is anticipated to contribute to the growth of this segment

• By organization size, the SMEs segment is expected to witness significant growth over the forecast period owing to the increasing adoption of DCaaS by SMEs due to its cost-effectiveness and lower budgets of SMEs

• Asia Pacific is expected to register a lucrative growth rate over the forecast period owing to the proliferation of smart devices and increasing data volumes across the region

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Data Center As A Service Market Segmentation

Grand View Research has segmented the global data center as a service market based on infrastructure, organization size, vertical, and region:

Data Center As A Service Infrastructure Outlook (Revenue, USD Million, 2018 - 2030)

• Servers

• Storage

• Networking

Data Center As A Service Organization Size Outlook (Revenue, USD Million, 2018 - 2030)

• SMEs

• Large Enterprises

Data Center As A Service Vertical Outlook (Revenue, USD Million, 2018 - 2030)

• Retail

• BFSI

• IT & Telecom

• Healthcare

• Manufacturing

• Others

Data Center As A Service Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Rest of Europe

• Asia Pacific

  • China

  • India

  • Japan

  • Rest of Asia Pacific

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

List of Key Players in Data Center As A Service Market

• Amazon.com, Inc.

• Microsoft Corporation

• IBM

• Hewlett Packard Enterprise Development LP

• Alibaba

• Huawei Technologies Co., Ltd.

• Dell Technologies, 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.

Plate & Frame Heat Exchanger Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 

Plate & Frame Heat Exchanger Market Growth & Trends

The global plate & frame heat exchanger market size is expected to reach USD 8.80 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% over the forecast period. Rising demand in manufacturing facilities as an effective heating solution, minimal maintenance, durability, and life cycle cost is expected to drive the industry growth. The majority of processes in petrochemical plants operate at high temperatures and pressures, necessitating heat transfer process optimization and enhancing energy savings. The global industry is driven by added benefits, such as compact design and easier maintenance, coupled with growing demand in the chemical and petrochemical industries.

Petrochemical plants operate at high temperatures and pressures, thus promoting an optimized heat transfer process and enhancing energy savings. Rising concerns about fouling heat exchangers have enabled companies to design sensors for early warning, and high temperatures, such advancements in technology will drive the product demand. The presence of favorable government regulations in emerging countries, such as China, India, Brazil, and Mexico, about setting up new manufacturing facilities is expected to augment the demand for heat exchangers in various industries. Also, efficient equipment for various energy-intensive production processes is one of the key growth factors in the Asia Pacific.

The market is anticipated to increase due to the widespread usage of brazed plate heat exchangers in various applications, including water heaters, thermal power substations, and gas-fired boilers. The capability of heat exchangers to efficiently transmit heat while leaving a smaller carbon footprint is responsible for the growing product penetration in various applications. With the high level of competition and presence of several companies, there is a requirement for the key players to engage in a partnership. In May 2022, Alfa Laval and SSAB came together to develop and commercialize the world’s first heat exchanger, manufactured using fossil-free steel. The objective is to complete the first unit made of hydrogen-reduced steel by 2023.

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Plate & Frame Heat Exchanger Market Report Highlights

• The gasketed product segment accounted for the largest revenue share in 2021 due to its extensive use in power plants owing to its compact size and low maintenance

• A growing number of applications, including cooling, heating, evaporation, and condensing, use brazed heat exchangers as they can tolerate high temperatures and pressures with less impact on the environment

• The product demand in the oil & gas industry is predicted to increase due to product’s improved performance in corrosive environments and minimal space requirements

• North America accounted for a substantial revenue share in 2021 owing to the increased oil & gas exploration activities in the U.S. and Canada

• The TS45, Alfa Laval’s newest gasketed plate heat exchanger, has just been introduced and is expected to have an even more significant impact on various applications and industries

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Plate & Frame Heat Exchanger Market Segmentation

Grand View Research has segmented the global plate & frame heat exchanger market based on product, end-user, and region:

Plate & Frame Heat Exchanger Product Outlook (Revenue, USD Million, 2017 - 2030)

• Brazed

• Gasketed

• Welded

• Others

Plate & Frame Heat Exchanger End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Chemical

• Food & Beverage

• HVAC & Refrigeration

• Oil & Gas

• Power Generation

• Pulp & Paper

• Others

Plate & Frame Heat Exchanger Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • France

  • Germany

  • Italy

  • Russia

  • U.K.

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • UAE

List of Key Players in the Plate & Frame Heat Exchanger Market

• Alfa Laval

• Danfoss

• Kelvion Holding GmbH

• Guntner GmbH & Co. KG

• Xylem, Inc.

• API Heat Transfer, Inc.

• Hisaka Works Ltd.

• HRS Heat Exchangers

• SPX Flow, Inc.

• SWEP International AB

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.

Protein Expression Market Is Expected To Accomplish A Valuation Of Around USD 6.5 Billion By 2030: Grand View Research Inc.

 

Protein Expression Market Growth & Trends

The global protein expression market size is expected to reach USD 6.5 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.1% from 2022 to 2030. The increasing research in proteomics and genomics, the rising incidence of chronic diseases, and escalating demand for biologic products around the globe are enhancing the demand for protein expression, which is likely to drive the market. For instance, in April 2022, in a research published on Frontiers Media S.A., researchers differentially expressed 22 proteins to identify potential diagnostic biomarkers for Multiple Sclerosis (MS).

An increase in R&D investments by the players is estimated to have a considerable impact on the usage of protein expression. In August 2022, the managing director of Biocon Biologics stated in one of his interviews that the overall cost of the R&D is 12-14% of revenues. The investment is essential to build a sustainable portfolio of around 20 biosimilar molecules and the company is anticipated to launch at least once every 1-2 years. The approximate cost of developing these molecules is USD 50-100 million.

Other determinants such as rapid acceleration in the demand for protein therapeutics and government investment in the applications of the protein expression industry are also supporting the market growth. For instance, in May 2022, Proteomics International Laboratories was awarded approximately USD 286,833 funding from the Australian Government under the Medical Research Future Fund (MRFF) initiative. The funding is expected to support the manufacturing of the PromarkerD test in Australia. Such financial assistances are likely to supplement the market growth in the coming years.

The outbreak of the COVID-19 pandemic developed the urge to profile and conduct differential gene expression analyses on COVID-19 patients. Research published in Briefings in Bioinformatics, March 2021, employed the data of protein-drug interaction to identify the prospective drugs for COVID-19. As a result, the usage of the process is projected to upsurge during the COVID-19 pandemic and contribute to market growth.

The growing requirement for personalized therapy and vaccine is expected to be the key factor fueling the market growth during the forecast period. For instance, in January 2022, Amgen announced a collaboration with Generate Biomedicines to discover and develop protein therapeutics for various areas. The companies are estimating the worth of this collaboration around USD 1.9 billion.

The increasing development of recombinant proteins for industrial use, such as the production of food and beverages, is anticipated to boost the use of protein expression in the non-healthcare sector. However, the retail pricings of recombinant proteins for industrial and pharmaceutical uses are drastically different as pharmaceutical proteins are sold for billions of dollars per kg, while industrial proteins for tens of dollars per kg. R&D, clinical trials, and patents are the additional requirements of pharmaceutical proteins. 

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Protein Expression Market Report Highlights

• By expression system, the prokaryotic segment accounted for the largest share in 2021. The high usage of this system among the researchers is due to enabling them to produce biologically active proteins in large quantities in a short time

• By product, the services segment is anticipated to witness lucrative growth over the forecast period. The increasing outsourcing to CROs and growing demand for recombinant protein in the non-healthcare sectors are fueling the segment growth

• By application, the therapeutic segment dominated the market in 2021. This is attributed to an increase in R&D investment and strategic initiatives such as fundraising

• By end-user, the pharmaceutical and biotechnological companies segment held the largest revenue share in 2021 owing to the growing demand for biologics for chronic diseases

• North America dominated the global market in 2021 owing to the availability of funding opportunities for emerging players, along with the existence of significant R&D investment in the region 

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

Protein Expression Market Segmentation

Grand View Research has segmented the global protein expression market based on expression system, product, application, end-user, and region:

Protein Expression System Outlook (Revenue, USD Million, 2018 - 2030)

• Prokaryotic

• Mammalian Cell

• Insect Cell

• Yeast

• Others

Protein Expression Product Outlook (Revenue, USD Million, 2018 - 2030)

• Reagents

• Competent Cells

• Expression Vectors

• Services

• Instruments

Protein Expression Application Outlook (Revenue, USD Million, 2018 - 2030)

• Therapeutic

• Industrial

• Research

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

• Pharmaceutical & Biotechnological Companies

• Academic Research

• Contract Research Organizations

• Others

Protein Expression 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

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Protein Expression Market

• Agilent Technologies, Inc.

• Bio-Rad Laboratories

• Thermo Fisher Scientific, Inc.

• Merck Millipore

• New England BioLabs, Inc.

• Promega Corporation

• QIAGEN

• Takara Bio, Inc.

• Oxford Expression Technologies

• Lucigen 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.

Automated Liquid Handling Technologies Market Revenue is Expected to Reach USD 4.20 Billion by 2030: Grand View Research Inc.

 

Automated Liquid Handling Technologies Market Growth & Trends

The global automated liquid handling technologies market size is expected to reach USD 4.20 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.44% from 2022 to 2030. Automated liquid handling technology has changed wet lab research handling by allowing substantial restructuring of the manufacturing and research facilities of the pharma and biotech companies. There is increasing acceptance of liquid handling robots to restore the conventionally reserved wet lab bench work areas. This factor is expected to drive the market.

The key aspects of maintaining the overall productivity of these companies are the efficient and accurate handling of the liquid samples. This makes biopharma companies and research laboratories rely greatly on robotics and automation. Usage of preprogrammed and customizable procedures reduces the need for management as it allows scientists to invest additional time in the analysis of data. Moreover, the buyers have a choice to select from various liquid handling technologies such as positive displacement, air displacement dispensing, acoustic, and piezoelectric. This choice to pick from a variety of automated liquid handlers impacts the power of the buyer. Significant market players are involved in manufacturing low-volume liquid handling systems owing to the increasing adoption of microplates and microfluidics in lab processing.

The COVID-19 pandemic has augmented the industry growth significantly as the demand for ALHsystem has increased with an upsurge in the need to process the specimens quicker in the laboratory for COVID-19 virus research with the examination of virus genetic makeup and study of COVID-19 virus genetic mutations. Thus, the pandemic has positively impacted the market. Moreover, new product launches accelerated the growth of the market during the pandemic. For instance, in April 2022, Novacyt introduced a novel ALH system to meet the increasing requirement for no manual pipetting in COVID-19 Polymerase Chain Reaction testing. Furthermore, in March 2020, Hamilton Company announced numerous automation-related initiatives to help healthcare researchers and workers during the coronavirus pandemic. The company launched two innovative automated assay-ready workstations, established on the company’s liquid handling workstation (Microlab STARlet), which enables rapid, research-based testing of SARS-CoV-2 and high-throughput diagnostic.

In addition, effective miniaturization of the assay platforms reduces workflow expenditure, thereby decreasing the usage of expensive reagents. Miniaturized platforms are developed for highly précised liquid handling for different processes such as plate washing, bulk dispensing, and liquid transfer. Small benchtop workstations are marketed by Hamilton Company, PerkinElmer, Beckman Coulter, and LABCYTE INC.

Demand for effective miniaturization is another major factor driving the market. The cost of testing is a main worldwide issue. Countries want to increase the speed of testing but are barred by cost and testing capacity, particularly in the developing regions. Miniaturization of the test protocol has achieved a huge reduction in cost while sustaining reliability and throughput. Automated liquid handling provides scientists with a new layer of opportunity, which cannot be accomplished by manual pipetting alone. Additionally, miniaturization is seen as a keystone in advancing biological research. In the last 20 years, technology has inclined to miniaturization to boost the throughput (microarray and DNA/protein on chip technology) and manufacture accurate assays to characterize molecules and cells in drug discovery and research.

ALH systems are space-consuming, complicated, and expensive and leave many scientists unable or unwilling to maximize the capability of their work. All these issues restrain the growth of the market. However, to overcome these problems, researchers from the Vanderbilt Center for Bone Biology developed OTTO. This open-source automated liquid handler is low-priced as compared to other available products in the market. As these researchers reported, this platform can be fabricated at the cost of $1,500 using off-the-shelf and 3D-printable parts as a substitute for commercial devices.

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Automated Liquid Handling Technologies Market Report Highlights

• By product, the automated liquid handling workstations segment held the largest share in 2021. The growing competition among the pharmaceutical companies and their pursuit of new drugs to treat diseases effectively drive the adoption of automated workstations

• Multipurpose workstations are projected to witness the fastest growth during the forecast period due to their rapid adoption by the pharma and biopharma CROs. These workstations enable microplate washing, multichannel pipetting, and bulk reagent dispensing within a single unit

• By application, the drug discovery and ADME-Tox research segment dominated the market in 2021. Various applications in drug discovery and ADME Tox include stepwise serial dilution over a wide concentration range, selection and transfer of compounds for the retest, and confirmatory and further analysis

• Cancer and genomic research is expected to witness the fastest growth during the forecast period owing to the ability of these workstations to handle multiple samples of microliter to picoliter volume

• Workflow complexity and the need for the fastest target screening resulted in the increase in the installation of automated workstations by the pharmaceutical and biotechnology companies

• North America dominated the market in 2021 owing to the rapid adoption of advanced platforms, the high cost of hiring skilled professionals, and the presence of key players

• Asia Pacific is expected to expand at the fastest CAGR during the forecast period owing to the rapid progress of the pharma and biopharmaceutical companies in the region

• High economic developments in APAC countries are anticipated to increase investments in the life science, medicine, and pharmaceutical sectors. Progress in these sectors is expected to fuel the demand for automated workstations, especially those based on microfluidics

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Automated Liquid Handling Technologies Market Segmentation

Grand View Research has segmented the global automated liquid handling technologies market report based on product, application, end-user, and region:

Automated Liquid Handling Technologies Product Outlook Product Outlook (Revenue, USD Million, 2018 - 2030)

• Automated Liquid Handling Workstations

  • By Assembly

    • Standalone Workstations

    • Integrated Workstations

  • By Type

    • Multipurpose Workstation

    • Pipetting Workstation

    • Specialized Liquid Handler

    • Workstation Module

• Reagents & Consumables

  • Reagents

  • Accessories

Automated Liquid Handling Technologies Application Outlook Product Outlook (Revenue, USD Million, 2018 - 2030)

• Drug Discovery & ADME-Tox Research

• Cancer & Genomic Research

• Bioprocessing/Biotechnology

• Others

Automated Liquid Handling Technologies End-user Outlook Product Outlook (Revenue, USD Million, 2018 - 2030)

• Academic & Research Institutes

• Pharmaceutical & Biotechnology Companies

• Contract Research Organizations

Automated Liquid Handling Technologies Regional Outlook Product Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of the Automated Liquid Handling Technologies Market

• Thermo Fisher Scientific, Inc.

• Agilent Technologies

• Aurora Biomed, Inc.

• AUTOGEN, INC.

• Danaher

• BioTek Instruments, Inc.

• Analytik Jena AG

• Corning Incorporated

• Eppendorf AG

• Formulatrix, Inc.

• Gilson, Inc.

• Hamilton Company

• Hudson Robotics

• LABCYTE INC.

• Lonza

• PerkinElmer, Inc.

• QIAGEN

• Thermo Fisher Scientific, Inc.

• Tecan Trading AG

• METTLER TOLEDO

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.

Technological Advancements to Influence Bone And Joint Health Supplements Market Growth 2022-2030: Grand View Research Inc.

 

Bone And Joint Health Supplements Market Growth & Trends 

The global bone and joint health supplements market size is expected to reach USD 3.8 billion by 2030 and is expected to expand at a CAGR of 7.0% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing prevalence of orthopedic disorders among the geriatric and adult population is one of the major factors driving the market. According to the CDC, around 58.5 million people are diagnosed with arthritis and it is more common in women as compared to men. Also, the increasing burden of arthritis is anticipated to drive the industry during the forecast period. As per the CDC, around 78.4 million adults aged 18 years and above are anticipated to be diagnosed with arthritis. Moreover, the rising geriatric population across the globe is fueling industry growth as the prevalence of orthopedic disorders increases with age. Around 49.6% of people aged above 65 years are diagnosed with arthritis. 

Furthermore, the rising health consciousness, increasing consumer interest in active living, and rising disposable income are among the key factors driving the industry. In addition, increasing awareness regarding micronutrient deficiencies, increasing access to supplements, availability of multiple products, and the increasing number of distribution channels are supporting the growth. 

Moreover, the increasing focus of key companies on various strategies to meet consumer demand is impelling market growth. For instance, in March 2022, Bioiberica entered into a partnership with ByHealth to develop a product for joint health brand “Highflex” in the China market. Furthermore, the manufacturers are developing new supplements in various formulations to attract the consumer base, thereby positively impacting the industry's growth. For instance, in February 2022, Gadot Biochemical Industries launched ‘Cal2Mag’, a new mineral blend combining calcium and magnesium, to specifically target bone health. 

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Bone And Joint Health Supplements Market Report Highlights

• The market is anticipated to grow owing to the increasing consumption of supplements for bone health, increasing access to supplements, and rising prevalence of micronutrient deficiencies among adults

• The vitamin product segment dominated the market in 2021 due to the increasing prevalence of vitamin D deficiency in children and adults. This, in turn, is raising the demand for vitamin supplements to support bone and joint health

• The capsules formulation segment held the largest share in 2021 owing to its high preference due to the ease of consumption

• Based on consumer group, the geriatric population segment dominated the market in 2021 owing to the increasing prevalence of arthritis and osteoporosis among the geriatric population and the rising incidence of bone fractures due to osteoporosis

• By sales channel, in 2021, the bricks and mortar segment held the largest share owing to the presence of a large number of providers, lucrative discounts, and high consumer trust in the direct sales channel

• North America dominated the market in 2021 due to the increasing number of people suffering from joint disorders and rising awareness regarding healthy and active lifestyle

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Bone And Joint Health Supplements Market Segmentation

Grand View Research has segmented the global bone and joint health supplements market based on product, formulation, consumer group, sales channel, and region: 

Bone & Joint Health Supplements Product Outlook (Revenue, USD Million, 2016 - 2030)

• Vitamins

• Minerals

• Collagen

• Omega-3

• Glucosamine

• Others

Bone & Joint Health Supplements Formulation Outlook (Revenue, USD Million, 2016 - 2030)

• Capsules

• Tablets

• Powders

• Softgels

• Others

Bone & Joint Health Supplements Consumer Group Outlook (Revenue, USD Million, 2016 - 2030)

• Infants

• Children

• Adults

• Pregnant Women

• Geriatric Population

Bone & Joint Health Supplements Sales Channel Outlook (Revenue, USD Million, 2016 - 2030)

• Bricks And Mortar

  • Direct Selling

  • Chemist/Pharmacies

  • Health Food Shops

  • Hyper Markets

  • Super Markets

• E-commerce

Bone & Joint Health Supplements Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • Italy

  • France

  • Spain

  • Russia

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Mexico

  • Brazil

  • Argentina

• Middle East Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in the Bone And Joint Health Supplements Market

• Herbalife International of America, Inc.

• GNC Holdings, Inc.

• Nature’s Bounty Co.

• Bayer AG

• BY-HEALTH Co., Ltd.

• Amway

• Basf SE

• Reckitt Benckiser

• Vita Life Sciences Ltd.

• Glanbia Plc

• Now Foods

• Pfizer

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.

Medical Tubing Market is Anticipated To Generate Significant Revenues by 2030: Grand View Research Inc.

 

Medical Tubing Market Growth & Trends

The global medical tubing market size is expected to reach USD 19.50 billion by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2022 to 2030. The rising respiratory diseases such as pulmonary fibrosis, asthma, and lung cancer are expected to increase the demand for medical tubing as it is a significant component of respiratory devices such as ventilators that facilitate breathing.

Plastics play an important role in the manufacture of medical tubes such as vascular catheters and stent holders due to their inertness to body fluids and tissues, resistance to sterilization conditions, low cost for high volume applications, and higher optical properties. Thus, medical tubes made of plastics are witnessing increased adoption in medical devices.

The growing middle-class population and healthcare facilities have changed the attitude of consumers toward preventive healthcare, which is expected to augment the demand for medical devices, including medical tubing, over the forecast period. In addition, the growing awareness of hospital-acquired diseases is projected to drive demand for disposable medical devices.

The recent Covid-19 pandemic has led to an increase in hospitalizations, augmenting the demand for medical-grade plastics used for making tubes for enhanced patient care in intensive care units. Furthermore, countries have increased their share of investments in the healthcare sector to fight the pandemic which is expected to boost product demand.

The rising geriatric population and increasing awareness regarding health have increased hospital and clinical visits and have increased the number of preventive treatment operations which has increased the demand for medical devices including medical tubing.

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Medical Tubing Market Report Highlights

• Silicone product segment accounted for 24.2% of the global market share in 2021 Silicone tubing is highly used in medical devices as it provides gasketing, sealing, and safe fluid transfer properties which cannot be achieved by using other materials

• Polyolefins are particularly preferred when the medical devices are to fulfill the regulatory requirements established by the FDA. On account of these factors, polyolefins are expected to witness huge growth over the forecast period

• Drug delivery systems are designed to provide therapeutic drugs to patients in a targeted and controlled manner. The emphasis on improving the efficacy of the drug delivery rate is propelling the demand for medical tubes in the drug delivery systems application segment

• The Asia Pacific regional market is expected to witness the fastest CAGR of 7.0% from 2021 to 2030, owing to the rapid advancement in technology, increase in healthcare expenditure, and strict regulations about the medical device industry

• In August 2021, Nordson Corporation acquired NDC Technologies. The aim behind the acquisition is to expand the former’s test and inspection platform into new end markets and adjacent technologies

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

Medical Tubing Market Segmentation

Grand View Research has segmented the global medical tubing market based on product, application, and region:

Medical Tubing Product Outlook (Revenue, USD Million, 2017 - 2030)

• Silicone

• Polyolefins

• Polyvinyl chloride

• Polycarbonates

• Fluoropolymers

• Others

Medical Tubing Application Outlook (Revenue, USD Million, 2017 - 2030)

• Bulk Disposable Tubing

• Drug Delivery Systems

• Catheters

• Biopharmaceutical Laboratory Equipment

• Others

Medical Tubing Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

  • Russia

  • Spain

  • Italy

  • Netherlands

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • Singapore

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players of Medical Tubing Market

• ASAHI TEC CORPORATION

• MDC Industries

• Nordson Corporation

• ZARYS International Group

• Hitachi Cable America Inc

• NewAge Industries, Inc.

• TE Connectivity

• Freudenberg & Co. KG

• Spectrum Plastics Group

• ATAG SpA

• Saint-Gobain

• Bentec Medical

• Trelleborg AB

• MicroLumen, Inc.

• Optinova

• Vanguard Products 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.

Artificial Intelligence In Cybersecurity Market to Reach Around USD 93.75 Billion by 2030: Grand View Research Inc.

 

Artificial Intelligence In Cybersecurity Market Growth & Trends

The global artificial intelligence in cybersecurity market size is estimated to reach USD 93.75 billion by 2030, expanding at a CAGR of 24.3% from 2022 to 2030, according to a new study by Grand View Research, Inc. An unprecedented spike in cyber incidents has fostered the demand for AI, cloud, and machine learning for seamless operations, data safety and prompt response to cyber threats. Some factors, such as soaring internet penetration, expanding footfall of connected devices, and escalating data protection concerns, have triggered the need for advanced cybersecurity solutions.

Artificial intelligence (AI) in cybersecurity has leveraged a faster response to breaches and propelled the efficiency of cyber analysts. AI is likely to be sought for vulnerability management, threat hunting, and boosting network security. In doing so, emphasis on natural language processing, machine learning, deep learning, and neural networks could gain ground during the assessment period. For instance, deep learning has become trendier to track transactions, logs, and real-time data to detect threats. AI is highly sought-after to secure cloud services and on-premises architecture and spot abnormal user behavior.

Natural language processing could remain a value proposition to foster the penetration of AI technologies in cyberspace. The trend for natural language inference, sentiment analysis, and text summarization will bode well for major companies gearing to reinforce artificial intelligence in the cybersecurity market share. Prominently, NLP has received impetus for fake news detection, clickbait detection, and rumor detection. Leading companies are likely to bank on NLP to detect malicious language and domain names produced for phishing scams.

Stakeholders predict North America to witness investments galore, on the heels of the high footprint of connected devices, IoT, and 5G. Moreover, the possibility of DDoS attacks and the growing prominence of IoT-enabled activities have prompted major players to bank on cutting-edge technologies to deter cyber incidents. To illustrate, in August 2019, Microsoft was reported to have alleged Russian hackers using IoT devices to breach enterprise networks. Industry participants expect bullish investments in machine learning platforms, threat hunting, and advanced analytics. Besides, Microsoft Security blocked over 35.7 billion phishing and malicious emails and more than 9.6 billion malware threats in 2021.

The competitive landscape alludes to an increased emphasis on organic and inorganic growth strategies, including mergers & acquisitions, product offerings, technological advancements, collaborations, and innovations. For instance, in July 2022, Darktrace rolled out Darktrace PREVENT to assist organizations in pre-empting cyber-attacks. Meanwhile, in August 2022, it was reported that Thoma Bravo was contemplating acquiring Darktrace. In February 2019, BlackBerry completed the acquisition of Cylance to bolster its footprint in AI cybersecurity.

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Artificial Intelligence In Cybersecurity Market Highlights

• In terms of type, the cloud security segment will contribute notably toward the global market in the wake of the rising prominence of AI and machine learning

• Based on vertical, the BFSI sector will exhibit profound demand for AI in cybersecurity to resist cyberattacks and prevent data leaks

• North America AI in cybersecurity market share will be pronounced due to threats to mobile devices and soaring penetration of IoT and 5G in the region

• Some major players, such as IBM Corporation, Cylance Inc. (BlackBerry), Acalvio Technologies, Inc, Intel Corporation, Amazon Web Services, Inc., FireEye, Inc., LexisNexis, Fortinet, Inc., Micron Technology, Inc., and Darktrace are poised to boost their portfolios in the coming years

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

Artificial Intelligence In Cybersecurity Market Segmentation

Grand view research has segmented the global artificial intelligence in cybersecurity market in terms of type, offering, technology, application, vertical, and region:

AI In Cybersecurity Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Network Security

• Endpoint Security

• Application Security

• Cloud Security

AI In Cybersecurity Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

• Software

• Services

AI In Cybersecurity Technology Outlook (Revenue, USD Billion, 2017 - 2030)

• Machine Learning

• Natural Language Processing (NLP)

• Context-aware computing

AI In Cybersecurity Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Identity And Access Management

• Risk And Compliance Management

• Data Loss Prevention

• Unified Threat Management

• Fraud Detection/Anti-Fraud

• Threat Intelligence

• Others

AI In Cybersecurity Vertical Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI

• Retail

• Government & Defense

• Manufacturing

• Enterprise

• Healthcare

• Automotive & Transportation

• Others

AI In Cybersecurity Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

• South America

  • Brazil

• Middle East and Africa (MEA)

List of Key Players of Artificial Intelligence In Cybersecurity Market

• Acalvio Technologies, Inc

• Amazon Web Services, Inc.

• Cylance Inc. (BlackBerry)

• Darktrace

• FireEye, Inc.

• Fortinet, Inc.

• IBM Corporation

• Intel Corporation

• LexisNexis

• Micron Technology, 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.