IT & Telecom Cyber Security Market to Expand with Significant CAGR During 2022 – 2030: Grand View Research Inc.

 

IT & Telecom Cyber Security Market Growth & Trends

The global IT & telecom cyber security market size is expected to reach USD 82.64 billion by 2030, expanding at a CAGR of 12.1% from 2022 to 2030 according to a study conducted by Grand View Research, Inc. Expansion of telecom networks, emerging BYOD trend, and the emergence of 5G technology are anticipated to increase the network traffic and create loopholes, thereby increasing the risk of cyber-attacks. Additionally, IT & telecom companies are increasing investments in deploying advanced cyber security solutions to tackle the varied nature of threats and keep up with the evolving threat landscape.

The emergence of 5G technology has prompted several organizations to opt for edge computing and shift workloads to cloud networks. Cloud platforms also expose enterprises to various threats across interlinked networks. Additionally, with increased usage of digital services, several devices are connected over private unsecured networks and use cloud services to store any information or data. This increases the risk of vulnerabilities for cloud networks, in turn exposing the IT & telecom companies to cyber threats, which is expected to drive the adoption of cyber security solutions in the sector.

Several governments have imposed stringent data protection laws to regulate the telecom sector and safeguard consumer data. For instance, the German government released a data protection law in December 2021, the Telecommunications Telemedia Data Protection Act (TTDSG), which regulates the protection of privacy and confidentiality while using the internet-ready terminal infrastructure, including smart home devices, messenger services, and websites. As such, the increasing risk of cyber-attacks and stringent data protection laws are expected to compel several IT & telecom firms to adopt cyber security solutions, thereby contributing to market growth.

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IT & Telecom Cyber Security Market Report Highlights

• North America held the highest revenue share of over 30% in 2021, owing to the increased cybersecurity spending and early availability of technology and adoption

• Asia Pacific is expected to register a high CAGR over the forecast period, owing to the massive working population, high number of endpoint devices, and rising number of data centers

• Key industry players are adopting inorganic growth strategies by engaging in partnerships, acquiring smaller players to leverage their technology, and reducing the market competition

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IT & Telecom Cyber Security Market Segmentation

Grand View Research has segmented the global IT & telecom cyber security market based on region:

IT & Telecom Cyber Security Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

List of Key Players in the IT & Telecom Cyber Security Market

• Cisco Systems, Inc.

• Palo Alto Networks, Inc.

• McAfee, Inc.

• Broadcom

• AO Kaspersky Lab

• CrowdStrike.

• Check Point Software Technology 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.

Microbiome Sample Preparation Technology Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

 

Microbiome Sample Preparation Technology Market Growth & Trends

The global microbiome sample preparation technology market size is expected to reach USD 411.7 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.1% from 2022 to 2030. The rising importance of the microbiome as an area of study for Inflammatory Bowel Disease (IBD) research along with the innovation in genome sequencing techniques are significant contributors to the market growth. Crohn's disease is one of the most common diseases of IBD and surging incidence rates in North America and Western Europe, with approximately 100 to 300 per 100,000 people being affected in both regions, are likely to accelerate the R&D for the same.

A metabolite-based treatment method is highly promising for Dysbiosis, despite its existing limitations. Within coming years, researchers are anticipated to require to incorporate metabolomics characterization of the microbial ecosystem into their standard toolkit, enabling the community to define functional signatures for disease states that have previously only been linked to compositional and metagenomic changes.

Additionally, the development of novel metabolite sensors will eventually allow for the targeted regulation of downstream signaling cascades in circumstances when the host's reaction to the microbiome is excessive. Metabolite-based treatments provide a direct and actionable way to combat the host effects of dysbiosis. The era of metabolite research in microbiome science has already begun, and sustained efforts could lead to the discovery of clinically applicable therapeutics for dysbiosis-related disorders.

Other factors such as the rising penetration of personalized medicine are likely to impact the usage of microbiome sample preparation technology. Various research institutes are conducting studies to understand the gut microbiome and its impact on diet followed by the identification of effective therapeutics. For instance, a study was carried out in 2019 at the Weizmann Institute of Science to develop an algorithm based on machine learning and study glycemic response after consuming similar food. The study concluded that patients displayed different glycemic responses, even when food consumed is the same as microbiome played an important determinant of the blood sugar levels than genetic data.

The COVID-19 pandemic accelerated the use of microbiome sample preparation technology for the research proposed. There have been various studies in progress focusing on the alteration of gut microbiome post-COVID-19 infection. According to studies, the abundance of phyla Firmicutes, Bacteroidetes, and Proteobacteria were observed within patients diagnosed with the virus. Furthermore, fecal metabolomic studies in COVID-19 patients have revealed probable amino acid-related pathways that link gut microbiota to inflammation.

However, the high cost of instruments in this market is anticipated to have adverse effects on the growth rate. Emerging nations with low spending capability on healthcare and sanitation are observed to have a high risk of gastrointestinal disorders. With the potential high risk of infection in the population, low penetration of technology within these regions is likely to act as a market restraint within specific countries.

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Microbiome Sample Preparation Technology Market Report Highlights

• By product, the consumables segment is anticipated to exhibit a high growth rate in the forecast period. This is attributed to the increasing demand for library quantitation and amplification kits for specialized enzymes and reagents that provide efficient processing and low amplification bias

• By workflow, sample extraction/isolation is expected to witness significant growth from 2022 to 2030. Studying human gut microbial in disease depends on the accuracy of microbial data acquisition through the extraction process

• By application, the DNA sequencing segment held the largest share in 2021. This is attributed to the increasing use of amplicon-based next-generation sequencing for marker genes, an important application in rapid pathogen identification

• By disease type, the gastrointestinal disorders segment led the market in 2021. Microbiome analysis allows clinicians to identify specific unknown pathogens and track the microbiota and microbiome in regards to illness status and treatment

• By end-use, the diagnostic labs segment held the largest share in 2021 due to the launch of various projects and consistent research activities and clinical trials to understand the role of the gut microbiome in the diagnosis of various chronic diseases

• North America dominated the market in 2021 owing to a great performance by key players and rising demand for consumables for downstream applications

• The Asia Pacific is predicted to grow at a significant rate throughout the forecast period due to continuous efforts by major companies to capitalize on opportunities and expand their presence in Asian markets

Access Press Release@ https://www.grandviewresearch.com/press-release/global-microbiome-sample-preparation-technology-market

Microbiome Sample Preparation Technology Market Segmentation

Grand View Research has segmented the global microbiome sample preparation technology market based on product, workflow, application, disease type, end-use, and region:

Microbiome Sample Preparation Technology Product Outlook (Revenue, USD Million, 2018 - 2030)

• Instruments

  • Extraction System

  • Workstation

  • Liquid Handling Instrument

  • Other Sample Preparation Instruments

• Consumables

  • Purification/Extraction Kits

  • Library prep kits

    • DNA Library Preparation Kits

    • RNA Library Preparation Kits

    • Library Quantitation & Amplification kits

    • Clean-up and Selection Kits

    • Microbiome DNA Enrichment

    • Others

Microbiome Sample Preparation Technology Workflow Outlook (Revenue, USD Million, 2018 - 2030)

• Sample Extraction/Isolation

• Sample Quantification

• Quality Control

• Fragmentation

• Library Preparation

• Target Enrichment

• Library Quantification

• Pooling

Microbiome Sample Preparation Technology Application Outlook (Revenue, USD Million, 2018 - 2030)

• DNA Sequencing

• Whole-Genome Sequencing

• RNA Sequencing

• Methylation Sequencing

• Metagenomics

• Single Cell Sequencing

• Others

Microbiome Sample Preparation Technology Disease Type Outlook (Revenue, USD Million, 2018 - 2030)

• Autoimmune Disorder

• Cancer

• Gastrointestinal Disorders

• Others

Microbiome Sample Preparation Technology End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical & Biotechnology

• Diagnostic Labs

• Others

Microbiome Sample Preparation Technology 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 of the Microbiome Sample Preparation Technology Market

• QIAGEN

• BGI

• Bio-Rad Laboratories, Inc.

• Perkin Elmer, Inc.

• Agilent Technologies Inc.

• Illumina, Inc.

• F. Hoffmann-La Roche Ltd.

• Danaher 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.

Dental Contouring Market To Reap Over USD 3.8 Billion In Revenues By End Of 2030: Grand View Research Inc.

 

Dental Contouring Market Growth & Trends

The global dental contouring market size is expected to reach USD 3.8 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. Dental contouring, also known as odontoblasts or teeth reshaping, is a cost-effective and painless method to fix many dental ailments such as chipping of the teeth, jagged teeth, and minor misalignment. The market is driven by factors such as low cost of treatment, outpatient service, no downtime, and the ability to cater to cosmetic complaints that are easy to fix.

The market is growing owing to the increasing prevalence of dental trauma and fractures, increasing demand for contact sports, the rising importance of dental cosmetic treatments, and aesthetic consciousness among the population. As per the American Academy of Pediatric Dentistry and the American Association of Endodontists, the incidence of traumatic dental injuries in the U.S. is 1%-3%, and the prevalence is around 20%-30% annually. The annual cost of treatment is the U.S. $2-$5 million per 1 million inhabitants.

Increasing technological advancement in the instruments most frequently used in dental contouring treatments such as dental drills and burs is expected to further boost the market growth. The onset of the pandemic adversely affected many dental services and clinics globally in 2020. However, the market witnessed high revenue growth in 2021 as dental clinics resumed operations and the willingness of patients to opt for dental treatments increased.

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Dental Contouring Market Report Highlights

• The dental burs instrument type segment is projected to dominate the market throughout the forecast period as it enables faster and more precision cutting and shaping of the teeth

• The central incisors site segment is projected to grow at the fastest rate during the forecast period as the majority of the fractures and chips occur at that site

• The irregular edges application segment held the largest revenue share in 2021 owing to increasing demand for dental contouring to bring uniformity in the appearance of the teeth or to prepare a damaged tooth for a crown

• The Asia Pacific is expected to grow at a significant rate of 6.4% over the forecast period owing to the rising awareness and adoption of dental treatments in the countries 

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

Dental Contouring Market Segmentation

Grand View Research has segmented the global dental contouring market based on instrument type, site, application, and region:

Dental Contouring Instrument Type Outlook (Revenue, USD Million, 2018 - 2030)

• Sanding Discs

• Diamond Burs

• Dental Drills

Dental Contouring Site Outlook (Revenue, USD Million, 2018 - 2030)

• Central Incisors

• Lateral Incisors

• Canines

Dental Contouring Application Outlook (Revenue, USD Million, 2018 - 2030)

• Irregular Edges

• Chips and Cracks

• Minor Crowding

• Tooth Overlapping

Dental Contouring Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of the Dental Contouring Market

• Mount Sinai Family Dental

• Mayo Clinic Dentistry

• Newton Dental Group

• Cleveland Clinic

• All Smiles Dental

• Highfield Dental & Facial Clinic

• Elleven Dental

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. Burial Insurance Market to Incur Meteoric Growth During 2022 to 2030: Grand View Research Inc.

 

U.S. Burial Insurance Market Growth & Trends

The U.S. burial insurance market size is expected to reach USD 92.59 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.6% from 2022 to 2030. The growth is attributed to the rising awareness among people about burial insurance. Furthermore, due to the rising awareness, companies through their marketing strategies are trying to enter the market, whereby the marketing strategies include providing various funeral insurance plans which could attract a wide range of people.

Burial insurance is uniquely created to cover one-time and short-term expenses, where its major application is covering funeral costs, in contrast to conventional universal, whole life, and term life policies. However, as the number of insurance companies has grown, product bundling has become a very common practice in the insurance industry. As a result, burial insurance can now be used to pay for any final expenses, such as unpaid medical bills, credit card debt, or other bills accumulated in the month of death (utility bills, phone bills, etc.).

To take advantage of diverse sorts of services and technological capabilities needed for future success, forward-thinking insurers are widening their options and going beyond conventional vendors. To improve company position in the global burial insurance market, these companies have used a variety of strategies, including partnerships, collaborations, product launches, joint ventures, and mergers and acquisitions.

For instance, on February 28, 2022, Westpac Life was bought by Fidelity Life, the country's largest privately owned life insurance provider, for 400 million New Zealand dollars. In connection with the sale, Westpac Life changed its name to Fidelity Insurance and signed a 15-year contract with Westpac NZ for the distribution of life insurance. For the next 15 years, Westpac NZ will offer Fidelity Insurance products to its retail clients as part of this agreement. The deal's parameters haven't altered since they were initially disclosed on July 6, 2021.

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U.S. Burial Insurance Market Report Highlights

• In the coverage type segment, modified or graded death benefits had the biggest revenue share of around 46% in 2021. The rather swift increase, with a CAGR of 4.4% for the level death benefit coverage type, comes next

• In terms of end-user age, those over 60 and 70 account for the greatest revenue shares, accounting for about 31% and 32% of the market respectively in 2021. This group is anticipated to maintain its dominance during the forecast period. Moreover, individuals over 80 are expected to account for a pretty large increase over the course of the projection period, with a positive CAGR of 4.4%, as the population ages, which is anticipated to promote market growth

• One of the largest challenges confronting health insurance companies and other private payers in the U.S. is the increased demand for funeral services and their accompanying expenses. This has made it feasible for several government programs to be implemented, ensuring that everyone, regardless of circumstance, receives adequate end-of-life care. As more individuals understand these efforts and as insurance firms focus more on providing end-to-end plans to customers, the overall market is expected to expand

• Additional factors boosting the market expansion during the projected period include increased awareness about funeral insurance, expanding healthcare coverage, increased competition, and related collaboration to provide policy applicants a better coverage

• Key players also contribute to market growth by entering into partnerships, engaging in mergers and acquisitions, and launching new products. For instance, Nassau Financial Group, L.P. completed the acquisition of Foresters Life Insurance and Annuity Company in July 2020. By making this purchase, the company has upheld its promise to continue using the independent Foresters branch and leveraging goal-driven organizations to fuel the expansion of its insurance business in the U.S.

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U.S. Burial Insurance Market Segmentation

Grand View Research has segmented the U.S. burial insurance market by coverage type, age of end-user, and state:

U.S. Burial Insurance Coverage Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Level Death Benefit

• Guaranteed Acceptance

• Modified or Graded Death Benefit

U.S. Burial Insurance Age of End-user Outlook (Revenue, USD Billion, 2017 - 2030)

• Over 50

• Over 60

• Over 70

• Over 80

U.S. Burial Insurance State Outlook (Revenue, USD Billion, 2017 - 2030)

• California

• Texas

• Florida

• New York

• Pennsylvania

• Illinois

• Ohio

• Georgia

• Rest of the U.S.

List of Key Players in the U.S. Burial Insurance Market

• Aetna Inc.

• Mutual of Omaha

• Transamerica

• Royal Neighbors of America

• Prosperity Life Group

• American International Group, Inc.

• Allianz Life

• Gerber Life Insurance

• Baltimore Life

• Foresters Life Insurance and Annuity Company (acquired by Nassau Financial Group, L.P. also known as ‘Nassau’)

• AARP/New York Life

• Globe Life Inc. (Globe Life and Accident Insurance Company)

• Colonial Penn

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.

Rubber Gloves Market To Benefit from Increased Global Uptake of 2022 By 2030

 

Rubber Gloves Market Growth & Trends

The global rubber gloves market size is expected to reach USD 18.28 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 3.9% over the forecast period. Rising government spending on healthcare in countries, such as Germany, Italy, India, Australia, and the U.K., is likely to boost industry expansion over the forecasted period. The global COVID-19 pandemic augmented the need for Personal Protective Equipment (PPE), such as gowns, gloves, face shields, and masks. Governments from across the world are coordinating with rubber glove makers to ensure enough supply in the market and avoid future virus spread.

Rising product usage in industries, such as automotive, oil & gas, construction, clean room, metal & equipment, and chemicals, is driving the industry growth. This is due to the presence of strong rules governing worker safety in numerous nations, such as the Occupational Safety and Health Administration (OSHA), as well as the high expenses associated with workplace dangers. The product demand is predicted to increase as more food & beverage sector operators, such as bakeries, packaged goods, and restaurants, focus on making their products free of direct touch. This can be related to increased consumer awareness about food hygiene and the prevention of illnesses caused by food deterioration and misuse.

Increasing awareness among industry participants regarding the importance of worker safety and security at workplaces, on account of the stringent regulations and high costs associated with workplace hazards, is anticipated to drive industry growth. The importance of worker safety has significantly increased owing to the growing employment in industries across the Asia Pacific and the Middle East regions. Manufacturers in the market are seeking collaborations, mergers, and acquisitions to expand their product lines and increase production capacity. They are also focusing on increasing their manufacturing facilities to accommodate rising demand from critical end-use industries, such as oil & gas, healthcare, and pharmaceutical.

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Rubber Gloves Market Report Highlights

• The natural rubber segment accounted for the maximum revenue share in 2021 due to widespread use of these products in the medical and food & beverage sectors on account of their features, such as high elasticity and chemical resistance

• The adoption of disposable rubber gloves is estimated to witness a significant CAGR from 2022 to 2030 due to the low cost and single-use characteristic of these products

• The powder-free products segment is expected to rise at the fastest CAGR from 2022 to 2030 owing to the suitability of these products for use in damp environments and the presence of strict regulations prohibiting the use of powdered gloves, which can cause skin infections

• Europe accounted for the maximum revenue share in 2021 due to high product adoption in heavy-duty sectors to minimize infections and hand injuries

• Moreover, significant demand in nations, such as Italy, Ukraine, France, and Croatia, due to the COVID-19 pandemic supported the region’s growth

• Market participants’ strategies for gaining a competitive advantage include supply chain development, partnerships, value chain integration, and distribution network growth

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Rubber Gloves Market Segmentation

Grand View Research has segmented the global rubber gloves market based on material, distribution channel, type, product, end-use, and region:

Rubber Gloves Material Outlook (Revenue, USD Million, 2017 - 2030)

• Natural Rubber/Latex

• Nitrile

• Neoprene

• Others

Rubber Gloves Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Online

• Physical

Rubber Gloves Type Outlook (Revenue, USD Million, 2017 - 2030)

• Powdered

• Powder-free

Rubber Gloves Product Outlook (Revenue, USD Million, 2017 - 2030)

• Disposable

• Durable

Rubber Gloves End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Medical & Healthcare

• Automotive

• Oil & Gas

• Food & Beverage

• Metal & Machinery

• Chemical & Petrochemical

• Pharmaceutical

• Cleanroom

• Others

Rubber Gloves Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • Italy

  • Russia

  • U.K.

  • France

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Indonesia

  • Malaysia

  • Australia

  • Thailand

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in the Rubber Gloves Market

• Ansell Ltd.

• Top Glove Corp. Bhd

• Hartalega Holdings Berhad

• Unigloves (U.K.) Ltd.

• The Glove Company

• MAPA Professional

• Adenna LLC

• MCR Safety

• Atlantic Safety Products, Inc.

• Globus (Shetland) Ltd.

• Supermax Corp. Berhad

• Kossan Rubber Industries Bhd

• Ammex Corporation

• Kimberly-Clark Corp.

• Sempermed USA, 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.

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

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

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-data-center-as-a-service-market

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-plate-frame-heat-exchanger-market

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.