Control Towers Market Predicted to Witness Steady Growth During the Forecast Period

 Control Towers Market Growth & Trends

The global control towers market size is expected to reach USD 32.14 billion by 2030, growing at a CAGR of 21.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The end-to-end visibility offered by the supply chain tower is increasing its importance in logistics, warehouse, and inventory activities. The companies shifting towards end-to-end control towers include Apple, Amazon, Samsung, Unilever, Walmart, and others.

The growing need for supply chain management among U.S. hospitals is also one of the major factors driving the market growth. According to the survey conducted by Navigant, unnecessary spending on supply chain-related products by the surveyed U.S. hospital accounted for USD 25.7 billion in 2018. Additionally, according to the Navigant survey, U.S. hospitals could save USD 11 million a year per hospital by reworking their supply chains. As a result, demand for control tower solutions is expected to grow among the hospitals in the country to streamline their supply chain operations.

Various consumer goods companies are making efforts to enhance their control tower offerings by entering into a partnership with control tower solution providers. For instance, in December 2021, A.P. Moller - Maersk, a logistic company, announced its partnership with Unilever, a provider of home care, beauty & personal care, and foods & refreshment products. This agreement leads to the development of Unilever’s International Control Tower Solution, an operational management solution. Additionally, through this partnership, the former company provides operational management of international air and ocean transport underpinned by the A.P. Moller - Maersk’s supply chain platform NeoNav.

COVID-19 negatively impacted the supply chain in 2020. As a result of the pandemic, numerous companies in the manufacturing sector have started focusing on adopting the control towers technology to address the supply chain blind spots such as network bottlenecks, unexpected supply shortages, and response to changing customer demand. Organizations started making efforts in digitalizing supply chain processes during the pandemic. According to the study conducted by Capgemini, 60% of organizations planned to increase their investments in digitalized supply chain solutions in 2020. Additionally, in 2020, 38% of surveyed organizations adopted control tower solutions, and 31% accelerated their investments in control tower solutions.

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Control Towers Market Report Highlights

• The analytical segment is expected to witness rapid growth over the forecast period. The ability of the analytical control tower to offer real-time analytics information is a major factor driving the growth of the segment
• The supply chain segment dominated the market in 2022. The segment growth can be attributed to the rise in the use of control towers in the supply chain as it offers end-to-end visibility throughout the network
• The high technology product segment is projected to register the highest CAGR over the forecast period. This can be attributed to the rising demand for innovative technology products and the growing import and export of tech-enabled products worldwide
• The Asia Pacific region is expected to grow at the highest CAGR over the forecast period. The control towers adoption is increasing in emerging economies, such as India and China, as small and medium-sized organizations are digitizing rapidly and adopting advanced technologies.

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Control Towers Market Segmentation

Grand View Research has segmented the global control towers market based on type, application, end-use, and region:

Control Towers Type Outlook (Revenue, USD Million, 2017 - 2030)

• Analytical
• Operational

Control Towers Application Outlook (Revenue, USD Million, 2017 - 2030)

• Supply Chain
• Transportation

Control Towers End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Aerospace & Defense
• Chemicals
• Retail & Consumer Goods
• Healthcare
• Manufacturing
• High Technology Products
• Others

Control Towers Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Control Towers Market

• Blue Yonder Group, Inc.
• E2open, LLC
• Elementum
• Infor
• Kinaxis
• Coupa Software Inc.
• One Network Enterprises
• PearlChain
• SAP
• Viewlocity Technologies Pty Ltd.

About Grand View Research

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

System Infrastructure Software Market Is Expected To Accomplish A Valuation Of Around USD 277.65 Billion By 2030: Grand View Research Inc.

 System Infrastructure Software Market Growth & Trends

The global system infrastructure software market size is anticipated to reach USD 277.65 billion by 2030, registering a CAGR of 8.4% from 2022 to 2030, according to a new report by Grand View Research, Inc. The shifting focus of governments toward digital economic operations by digitizing their business operations is fueling the demand for system infrastructure software. To reduce the complex paperwork and offer citizens a majority of government services that are one click away, governments are accelerating their economic digitization, thereby creating robust growth opportunities. Governments of countries such as the U.K., India, Australia, UAE, Canada, and the U.S. are investing in digital infrastructure solutions for the digital economy.

The rise in digitization and urbanization has positively influenced firms to opt for technology-driven solutions to meet evolving market needs, thus supporting growth. End-use companies are automating their business operations to reduce workforce and maintenance costs and optimize safe and secure workflow across organizations. System infrastructure software is used in business automation to establish a unified network, enabling users to monitor and control multiple business environments through single platforms, thus enhancing market representation. Furthermore, this software’s ability to defend against various digital threats is boosting its adoption in digital security applications.

The rising popularity of system infrastructure software is encouraging various market players to invest in Research & Development (R&D) to attract established end-user firms and accelerate their market revenue. In addition, the increasing adoption of Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) is creating opportunities for industry players to expand their portfolios for system infrastructure software. Key players are focusing on partnerships and collaborations to improve their service offerings and increase their share in the global market.

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System Infrastructure Software Market Report Highlights

• The security type segment is expected to expand at a lucrative CAGR of 9.4% during the forecast period. Organizations are increasingly focusing on adopting infrastructure security software to protect the client’s data from phishing, malware, and viruses and establish safe and secure dataflow within organizations
• The data center infrastructure application segment held the largest share of over 30.0% in 2021. The proliferation of data centers across the globe is creating robust opportunities for system infrastructure storage software. Further, significant government investment in data centers to address growing data complexities is fueling segment growth globally
• The retail end-use segment is expected to register a CAGR of 8.4% during the forecast period. System infrastructure software adoption in the retail sector is expected to grow at a significant pace due to advancements in consumer engagement technologies and the considerable proliferation of e-retail platforms. With next-generation retail infrastructures, retailers are increasingly focusing on improving the consumer experience and minimizing operational costs, thus supporting the market trend
• Asia Pacific is expected to witness the fastest growth from 2022 to 2030 owing to rapid urbanization, supportive government initiatives for digitization, and emerging startups in the digital infrastructure sector

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System Infrastructure Software Market Segmentation

Grand View Research has segmented the global system infrastructure software market based on type, application, end-use, and region:

System Infrastructure Software Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Storage
• Network & System Management
• Security

System Infrastructure Software Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Building Management
• Integrated Communications
• Data Center Infrastructure
• Cloud integrations

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

• Manufacturing
• IT & Telecom
• BFSI
• Transportation & Logistics
• Retail
• Healthcare
• Others (Food & Beverages, Hospitality, Aerospace & Defense, and Government, among others)

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

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

List of Key Players in the System Infrastructure Software Market

• Amazon Web Services, Inc.
• BMC Software, Inc.
• Broadcom Inc. (CA Technologies
• Cisco Systems, Inc.
• Dell Inc.
• Hewlett Packard Enterprise
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• TIBCO Software 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.

Global Cloud Access Security Broker Market to Reach Around USD 25.6 Billion by 2030: Grand View Research Inc.

 Cloud Access Security Broker Market Growth & Trends

The global cloud access security broker market size is expected to reach USD 25.6 billion by 2030, registering a CAGR of 17.6% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The cloud access security broker market is primarily driven by factors such as growing demand for visibility into shadow IT operations, rising need for securing and compliant cloud use, and increasing use of cloud-based applications among small and medium-sized businesses. Moreover, cloud protection services are challenging to manage for enterprises. Thus, the need for security solutions to be outsourced has pushed the cloud access security broker market even further forward.

The COVID-19 pandemic led work-from-home procedures that help small and large companies monitor data and store it in auto-optimized, safe storage. Furthermore, a key growth factor for the market is the integration of artificial intelligence and machine learning with multi-cloud management, which ensures optimal operational capability. The growing cyber-attacks on cloud systems and the need to comply with cloud security standards are poised to create opportunities for the cloud security industry over the forecast period.

Amid the COVID-19 pandemic, the use of cloud technology was considerably accelerated owing to an increase in hybrid work models, resulting in high cloud security threats. For instance, in August 2020, McAfee reported that threat events targeting cloud services increased by 630% between January and April 2020. The market has continued to evolve from proxy-based solutions to cloud access security broker solutions to secure access service edge. Risks associated with cloud applications and supply chains have expanded enterprise organizations’ attack surfaces outside of a set of controllable assets. For businesses to manage a broader range of security risks, they need to go beyond traditional monitoring, detection, and response approaches.

In the year 2021-2022, several cloud service providers including, Amazon.com, Inc., Microsoft Corporation, and Google, LLC among others opted for acquisition as one of their key strategies to maintain their dominance in the global cloud computing market and enhance their portfolio capabilities. This enabled enterprises to increase their cloud access security broker adoption as the corresponding cloud service providers made advancements in their solutions. For instance, in March 2022, Google Cloud acquired Mandiant, Inc., a security services vendor to enhance the capabilities of Google Cloud's security portfolio by leveraging Mandiant’s cloud-native security offerings.

Cloud security providers such as Broadcom Corporation, and Censornet are unifying cloud access security brokers with data loss prevention and many other services into a single management console to bring ease of deployment and use of security administrators. Market vendors focus on enhancing the end-user engagement experience by reducing the time of configuration.

For instance, in May 2022, Censornet, an autonomous security provider, introduced integrated identity as a service (IDaaS) into its cybersecurity platform. Censornet significantly strengthens its offerings to organizations by incorporating its web security, cloud access security broker, e-mail security, and multi-factor authentication solutions. Businesses would be able to apply context-based, identity-aware security across their entire business ecosystem without having to manage multiple vendors or integrate solutions manually.

The CASB model extends control mechanisms to apps on internal networks and restricts access via zero trust to provide an additional level of security. Cloud-based zero-trust network access does not require network involvement. This control function allows users to connect authenticated users to applications via a cloud broker service.

For instance, in May 2022, Ivanti, an automated IT services provider, partnered with Lookout, Inc., a security services provider, to offer organizations zero-trust security solutions. Lookout's cloud access security Broker integrated with Ivanti's zero-trust access system enables customers to effectively prevent threats and ensure data security inside and outside of the network based on Zero Trust Access security principles. In a zero-trust architecture, CASB can significantly improve the durability of modern enterprises' data protection postures.

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Cloud Access Security Broker Market Report Highlights

• The risk and compliance management solution software is anticipated to gain traction over the forecast period. The factors contributing to the growth of the segment are managing and harnessing the power of proactive enterprise risk and increasing compliance activities
• Moreover, the automated software helps eliminate monetary penalties for compliance failure and industry-specific compliance risks, such as the financial industry comes under laws, such as the bank secrecy act, whereas, the healthcare industry complies with the health insurance portability and accountability act
• The platform-as-a-service segment is anticipated to register the highest CAGR from 2022 - 2030, owing to the factors, of the increasing need for cloud-based business services to meet the business goals, speed up the creation of apps, and cost-effectiveness in setting up and maintaining core stack. Additionally, the platform as a service eliminates the requirement for acquiring and managing software licenses
• The SMEs segment is anticipated to register the highest growth from 2022 - 2030. Factors owing to the growth of this segment are the growing implementation of cloud-based software in SMEs due to cost-effectiveness, SMEs are more vulnerable to cyberattacks. Moreover, security threats leave devices crippled, demanding expensive repairs for SMEs to afford
• The Asia Pacific is anticipated to register the highest growth rate over the forecast period, owing to the factors such as growing exposure to ransomware attacks on countries like Singapore, and Japan, among others, and greater cloud migration & heightened security threats
• Moreover, increasing threats and low cybersecurity expertise in the Asia Pacific pushed enterprises to explore ways to bridge the gap in cloud security. Additionally, cloud-based security solutions were the suitable method to quickly and effectively expand cybersecurity to the whole workforce owing to abrupt changes in their working environment due to the COVID-19 pandemic. Consequently, it addresses deployment and security coverage challenges, increasing the demand for cloud access security brokers in the segment

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Cloud Access Security Broker Market Segmentation

Grand View Research has segmented the global cloud access security broker market based on solution, service model, enterprise size, end-use, and region:

Cloud Access Security Broker Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Control and Monitoring Cloud Services
• Risk and Compliance Management
• Data Security
• Threat Protection
• Others

Cloud Access Security Broker Service Model Outlook (Revenue, USD Million, 2017 - 2030)

• Infrastructure as a Service
• Platform as a Service
• Software as a Service

Cloud Access Security Broker Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises
• Small & Medium Enterprises (SMEs)

Cloud Access Security Broker End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail & Consumer Goods
• Education
• Others

Cloud Access Security Broker Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Cloud Access Security Broker Market

• Bitglass, Inc.
• Broadcom Corporation
• Censornet
• Forcepoint
• Iboss
• Lookout, Inc.
• McAfee, LLC
• Netskope
• Microsoft Corporation
• Proofpoint 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.

Enterprise Asset Management Market Trends, Company Share, Industry Growth And Future Scope: Grand View Research Inc.

 Enterprise Asset Management Market Growth & Trends

The global enterprise asset management market size is estimated to reach USD 19.68 billion by 2030, according to a new study by Grand View Research, Inc., expanding at a CAGR of 16.7% from 2022 to 2030. Several companies use enterprise asset management (EAM) systems to improve work productivity, streamline processes, increase company agility, and manage facilities. Cloud-based EAM solutions and services optimize critical enterprise assets and gather business intelligence for decision-making. Furthermore, these solutions allow businesses to reduce their overhead costs. Technical support and services, such as managed services with integrated debugging and performance monitoring tools, are better with cloud-based EAM systems. EAM solutions will continue to rise as more businesses invest in their IT infrastructure.

Organizations are discovering new ways to improve consumer interactions due to digitization in several industries. Many asset-intensive firms focus on investing in innovative and groundbreaking technology to restructure and improve their operational processes drastically. Asset–intensive organizations prosper or fail in today's highly competitive business environment based on how they handle complications in the face of growing competition. The next big thing in industrial services would be to accurately foresee the future of physical assets; therefore, many enterprises comprise emerging technologies such as digital twins, AR, AI, IoT, predictive maintenance, and telematics. Moreover, EAM solutions have a far more significant impact than simply increasing profits, and organizations are quickly adopting current EAM solutions to boost asset longevity.

The outbreak of the pandemic and the subsequent lockdowns, travel bans, restrictions on the movement of people, and business shutdowns took a severe toll on the overall economy and affected several businesses worldwide. Several corporations worldwide implemented EAM solutions to ensure efficient and effective management of assets, machinery, IT infrastructure, and other resources; prevent potential hardware or machine failures; reduce machine downtime; and ensure continuous operations. The demand for EAM solutions remained consistent during the pandemic as several organizations facilitated remote working as part of the efforts to protect and safeguard the well-being of their employees in the wake of the pandemic outbreak.

Organizations across the world are increasingly concerned about data security at the time of implementation of an advanced IT or cloud-based EAM solution. More than 30% of manufacturing organizations wanting to enhance their business productivity, asset management, and industrial operations believe security and compliance as the main barriers restricting the deployment of EAM solutions. However, several marketers, government agencies, and professionals are creating awareness regarding the benefits of digital transformation, which are poised to encourage organizations to switch from traditional approaches to modern and data-driven strategies.

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Enterprise Asset Management Market Report Highlights

• The cloud deployment segment is anticipated to emerge as the fastest-growing segment during the forecast period. The software-as-a-service(SaaS) based models provide numerous benefits over on-premise software
• The small and medium enterprise size segment is anticipated to emerge as the fastest-growing segment from 2022 to 2030. SMEs have started shifting to modernized solutions and are investing in cloud-based EAM software. It requires low initial investment and allows users to go mobile and manage assets remotely, thereby providing employees more flexibility in their work
• The government end-use segment is anticipated to emerge as the fastest-growing segment during the forecast period. The deployment of EAM software helps government organizations extend the life of most critical assets and increase accountability and transparency across the entire organization
• APAC is estimated to be the fastest-growing region during the forecast period, offering lucrative growth opportunities for the industry players. Businesses in developing APAC economies such as India are focusing on globalization for developing a regional business environment, thereby creating traction in the regional EAM market

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Enterprise Asset Management Market Segmentation

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

Enterprise Asset Management Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premise

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

• Large Enterprise
• Small & Medium Enterprise

Enterprise Asset Management End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Manufacturing
• Facility Management
• Healthcare
• Education
• Government
• Others

Enterprise Asset Management Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordic Region
  • Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • New Zealand
  • Indonesia
  • Malaysia
  • Singapore
  • Thailand
  • Vietnam
• Latin America
  • Brazil
• Middle East & Africa

List of Key Players of the Enterprise Asset Management Market

• Aptean
• AssetWorks, LLC
• CGI, Inc.
• IFS AB
• Infor
• International Business Machines (IBM) Corporation
• Oracle Corporation
• PcsInfinity (Asset Infinity)
• Sage Group PLC
• SAP SE

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.

Canada Multilayer Flexible Packaging Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 Canada Multilayer Flexible Packaging Market Growth & Trends

The Canada multilayer flexible packaging market size is expected to reach USD 3.31 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.5% from 2022 to 2030. Growing demand for packed food and its packaging coupled with demand for sustainable packaging products is attributed to be the key driver for the multilayer flexible packaging market in Canada.

The production of multilayer flexible packaging includes several processes such as coextrusion and lamination. The lamination process further includes different lamination types including extrusion lamination, adhesive, and lamination. The co-extrusion process is used to produce extrusion coating and laminating, tubing and sheathing, cast sheet, and cast film. Wherein, the lamination process is used to combine different materials.

Packaged food products have been dominant in the food supply chain in Canada. The changing lifestyle of the masses, rising disposable income of the population, and shrinking family sizes drive the demand for packaged food products in the country. Multiple layers of materials such as plastic films, aluminum, and/or paper act as a barrier to protect packaged food products against vapor and oxygen and help retain their nutritional value. Therefore, is it predominantly used in packaging food products such as cheese, cream, yogurt, chocolates, pet food, processed meat, and cereals.

Furthermore, the owing to the recycling challenges of multilayer packaging products due to inadequate recycling infrastructure has been resulting in the emergence of new recyclable packaging materials that make the packaging products sustainable. The government has been funding several projects aimed at producing bioplastics for usage in various end-use industries such as food & beverages, medical, and consumer goods. This is expected to support the growth of multilayer packaging.

The industry players are adopting several strategies including mergers & acquisitions, joint ventures, and production capacity expansions to increase the market share and presence in the country. For instance, In June 2022, ePac Holdings, LLC, a flexible multilayer packaging manufacturer, announced adding third manufacturing and sales location in Quebec, Canada. The company already has operations in Toronto and Vancouver. Through this expansion, the company expects to serve the Consumer-Packaged Goods (CPG) brands in Quebec province.

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Canada Multilayer Flexible Packaging Market Report Highlights

• Plastics as material dominated with a revenue share of 49.5% in 2021. The abundant availability of virgin wood and wastepaper at a lower cost is responsible for the highest share of the segment in 2021
• The laminates product type is expected to grow at a rapid CAGR of 5.0% during the forecast period, owing to the high functionality and barrier against the permeability of oxygen, moisture, gases, and steam
• 3-layer structures are popularly used films in multilayer flexible packaging products. this layer structure type held a revenue share of 40.38% in 2021. This layer structure provides ideal seal strength, high barrier protection, and high-temperature processes
• The food & beverage end-use segment held the largest revenue share in 2021 and is anticipated to register growth at a reasonable CAGR of 4.8% during the forecast period. Food products such as powdered drinks, savory snacks, baby food, dry fruits & nuts, fruits, meat, seafood, and fruits and vegetables are prominently packed in multilayer flexible packaging products
• Capacity expansions coupled with mergers & acquisitions are some of the strategies adopted by players. In February 2022, ProAmpac, a North American global flexible packaging company, acquired a Canada-based flexible packaging product manufacturer, Belle-Pak, to expand its presence in Canada and extend its reach in the healthcare, e-commerce, and logistics sectors

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Canada Multilayer Flexible Packaging Market Segmentation

Grand View Research has segmented the Canada multilayer flexible packaging market based on material, product, layer structure, and end-use:

Canada Multilayer Flexible Packaging Material Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Plastics
• Paper
• Aluminum Foil

Canada Multilayer Flexible Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Bags
• Pouches and Sachets
• Wrapping Films
• Laminates
• Others

Canada Multilayer Flexible Packaging Layer Structure Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• 3 Layers
• 5 Layers
• 7 Layers
• More than 7 Layers

Canada Multilayer Flexible Packaging End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Food & Beverages
• Pharmaceuticals
• Automotive
• Cosmetics and Personal Care
• Homecare
• Electricals & Electronics
• Agriculture & Allied Industries
• Textiles & Apparels

List of Key Players in the Canada Multilayer Flexible Packaging Market

• Amcor plc
• Glenroy Inc.
• Berry Global Inc.
• Mondi Group
• Transcontinental, Inc.
• Sonoco Products Company
• WINPAK LTD.
• Sealed Air
• WestRock Company
• Huhtamaki Flexible Packaging
• UFlex Limited
• Constantia Flexibles

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

 U.S. Software Consulting Market Growth & Trends

The U.S. software consulting market size is expected to reach USD 160.56 billion by 2030, registering a CAGR of 10.9% from 2022 to 2030, according to a new study by Grand View Research, Inc. Software consulting involves advising a company on the most suitable software for its business strategy. To align their investments in technology, companies require various types of software. In addition, these services assist organizations in determining cost efficiencies and generating revenue. Many factors contributed to the growth of this market, such as technological advances, growing demand for expertise in niche fields, and optimizing business operations.

Moreover, mobile internet connections, in particular, saw a rapid increase in popularity. To gain a competitive edge in the age of the internet, companies need more IT solutions to assist with consumer connectivity. Several software platforms are required by companies to connect with consumers via social media, e-commerce, and websites. The software assists in analyzing, customizing, and automating the process.

To provide secure software solutions to customers, market vendors pursue various strategies, including partnerships, collaborations, new software launches, etc. For instance, in March 2022, Ernst & Young Global Limited, a multinational consulting services company, collaborated with Microsoft, one of the most prominent computer software vendors, to introduce a software solution for complex legal and compliance challenges. The solution combines Microsoft's leading technologies with EY's technology and business consulting capabilities.

Investigation and management of regulatory challenges, fraud detection, and privacy and security risk management are the functions of the solutions. Through AI-powered analytics and workflow applications, EY Virtual Platform helps organizations manage their legal compliance, ethics, and risk by providing a single-point digital solution accessible via cloud and hybrid. In addition, this collaborative software will impact various industries, as a growing number of cyber security threats and cyber security cases in the U.S. prompt companies to adopt various software solutions.

The digital transformation led to many software providers in the market providing data-driven insights that ultimately drive revenue. For instance, in March 2020, Cognizant, the world's largest consulting firm, acquired Lev, a privately held U.S.-based digital marketing consultancy company. Lev combines strategic consulting services with technical expertise to deliver marketing cloud services that create a deeper connection between marketers and consumers, as well as a boost ROI.

Cognizant utilizes this acquisition to help businesses simplify and modernize their marketing campaigns by adding Salesforce marketing software. Major brands in financial services, healthcare, entertainment, and education are its clients. Cognizant’s acquisition of Lev, provided an advantage in reaching out to the U.S. market for consulting services, considering that industries prefer marketing software.

The COVID-19 pandemic caused some organizations to accelerate their transformation initiatives to adapt to the new working environment and maintain ROI. Therefore, the demand for software consulting services increased in the U.S. As most businesses have gone digital, there is a sudden increased demand for remote working and collaboration solutions. Work-from-home forced companies to reimagine practically every aspect of their operations with software. Subsequently, many businesses remain unaffected.

For instance, in February 2021, the World Bank surveyed more than 120,000 businesses in 60 countries. It concluded that a significant number of firms saw their sales stable or rising in the first few months and that they increased by up to 34% in subsequent months. As a result of COVID-19, a broad spectrum of technological solutions was adopted. That would remain for many years to come.

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U.S. Software Consulting Market Report Highlights

• The software security services segment is expected to have the highest CAGR from 2022 to 2030. As cloud servers increase, cyber threats are also growing due to the more unauthorized access to sensitive business information is driving software security services market growth. Additionally, a proper level of backend security is essential to maximizing the potential of business software
• The small & medium enterprises segment is anticipated to register the highest CAGR from 2022 to 2030. A growing number of small and medium businesses, the need for advanced software solutions to reduce costs, increase productivity, and the expansion of activities by different government agencies are contributing to the growth
• The healthcare segment is anticipated to grow at the fastest CAGR. Several factors are anticipated to propel this market upward, including the increasing use of technology in the healthcare industry, such as Cloud services and the Internet of Things(IoT), strategic business intelligence, the increased use of software to diagnose patients and give reports to patients faster, and the better management of records and workflow communication

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U.S. Software Consulting Market Segmentation

Grand View Research has segmented the U.S. software consulting market based on application, enterprise size, and end-use:

U.S. Software Consulting Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Enterprise Solutions
• Application Development
• Migration & Maintenance Services
• Design Services
• Application Testing Services
• Software Security Services
• Others

U.S. Software Consulting Enterprise Size Outlook (Revenue, USD Billion, 2017 - 2030)

• Large Enterprise
• Small & Medium Enterprises

U.S. Software Consulting End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• Automotive
• BFSI
• Education
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

List of Key Players of U.S. Software Consulting Market

• Accenture PLC
• Analysys Mason
• Bain & Company
• Clearfind
• Cognizant
• DuPont Sustainable Solutions
• Deloitte Touche Tohmatsu Ltd.
• Ernst & Young LLP
• International Business Machines Corp.
• KPMG International
• Oracle Corporation
• OC&C Strategy Consultants
• PricewaterhouseCoopers B.V.

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. Carbon Dioxide Market Significant Profits Estimated to be Generated by 2030: Grand View Research Inc.

 U.S. Carbon Dioxide Market Growth & Trends

The U.S. carbon dioxide market size is expected to reach USD 6.59 billion by 2030, registering a CAGR of 8.4% over the forecast period, according to a new report by Grand View Research, Inc. Increasing usage of carbon dioxide for Enhanced Oil Recovery (EOR) in oil & gas plants is anticipated to result in the growth of the market. In terms of revenue, the hydrogen segment accounted for a significant share in 2021. The growth of this segment can be attributed to the presence of leading hydrogen-producing companies in the country that have CO2 manufactured as a byproduct during hydrogen production.

Substitute Natural Gas (SNG) is expected to be one of the major sources of the production of CO2 in the U.S. This is due to a rise in the discovery of natural gas reserves in the U.S. with the deployment of shale technology. The oil & gas application segment accounted for a significant share in 2021 owing to the application of carbon dioxide-based EOR in oil fields of the U.S. for efficient and effective oil production. Moreover, the usage of CO2 in the food & beverages and medical industries is anticipated to increase in the U.S. over the forecast period.

The growth of this segment can be attributed to the presence of a large base of food and beverage manufacturing facilities in the country, which is projected to expand further over the forecast period. The spread of COVID-19 hindered the growth of the market in 2020 and 2021 owing to the factors, such as the reduction in demand for CO2 in the country owing to lockdowns. However, an increase in demand for CO2 from the manufacturers of pharmaceuticals and essential commodities, such as fire safety products, has been witnessed in the U.S., as well as across the world.

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U.S. Carbon Dioxide Market Report Highlights

• In terms of revenue, the food & beverages application segment dominated the global market in 2021
• The hydrogen source segment accounted for the second-largest share of the global market revenue in 2021
• The growth of this segment can be attributed to the presence of leading hydrogen-producing companies in the country that have CO2 manufactured as a byproduct
• In terms of revenue, the SNG segment accounted for the maximum revenue share in 2021. SNG is derived from the gasification of coal and emits byproducts, such as CO2, hydrogen, carbon monoxide, and methane
• The rubber industry uses CO2 to clean the rubber molds and to remove flash from rubber objects by tumbling them with crushed dry ice in a rotating drum

Access Press Release@ https://www.grandviewresearch.com/press-release/us-carbon-dioxide-market-analysis

U.S. Carbon Dioxide Market Segmentation

Grand View Research has segmented the U.S. carbon dioxide market based on source, application:

U.S. CO2 Source Outlook (Volume, Million Tons; Revenue, USD Million, 2019 - 2030)

• Hydrogen
• Ethyl Alcohol
• Ethylene Oxide
• Substituted Natural Gas
• Others

U.S. CO2 Application Outlook (Volume, Million Tons; Revenue, USD Million, 2019 - 2030)

• Food & Beverages
• Oil & Gas
• Medical
• Rubber
• Fire Fighting
• Others

List of Key Players in U.S. Carbon Dioxide Market

• Linde plc
• Air Products Inc.
• Air Liquide
• Matheson Tri-Gas, Inc.
• Messer
• Continental Carbonic Products, Inc.
• Greco Gas Inc.
• Taiyo Nippon Sanso Corporation
• Universal Industrial Gases, Inc.
• Zephyr Solutions, LLC.

About Grand View Research

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

Autonomous Data Platform Market Will See Strong Expansion Through 2030: Grand View Research Inc.

 Autonomous Data Platform Market Growth & Trends

The global autonomous data platform market size is expected to reach USD 6.73 billion by 2030 and grow at a CAGR of 23.0% from 2022 to 2030, according to the recent reports of Grand View Research, Inc. A broad array of developing open-source big data tools, the accessibility of ever-larger quantities of data, and a shift in culture inside companies toward content decision-making, make it feasible to adopt autonomous data platforms. As a result of the cloud platform's improved collaboration, accessibility, and cost-effectiveness it is anticipated to increase the demand for cloud-based autonomous data platforms. The extensive use of autonomous data platforms in real-time analytics, to offer convenient services to customers, in the BFSI and retail sectors is anticipated to drive market growth.

The global rise in automation and digitization has made businesses switch towards using technology-driven solutions to meet the rapid pace of business growth. Emerging businesses that adopt cloud-based services, mainly in developing economies such as the Asia Pacific, are expected to fuel the growth of the autonomous data platform industry over the forecast period. Further, features such as fraud detection, improved security, and increased collaboration opportunities, provided by the cloud-based solutions are expected to increase business productivity and overall growth of an organization.

To address critical business issues and ensure efficient database usage, an autonomous data tool examines a particular customer's big data infrastructure. Businesses can grow and improve their data management skills due to this platform. They were primarily built to manage and improve big data infrastructure. The platform also offers deployment, safety, error handling, end-to-end automation for updates, efficiency, and availability. Due to the automation of all infrastructure administration, monitoring, and tuning functions, it is also known as a self-driving database. Thus, the benefits offered by autonomous data platforms are propelling the growth of this market.

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Autonomous Data Platform Market Report Highlights

• The platform segment accounts for the largest revenue share of over 68.9% in 2021. The segment growth can be attributed to the technological advancements in cloud and mobile technologies along with the surge in demand for analytics to improve data storing ability
• The on-premise segment is expected to register a CAGR of 19.8% during the forecast period. Where user passwords and the privacy of corporate activities are highly important, one- premise model is widely used by those businesses, supporting the segment growth
• The small & medium enterprise segment is anticipated to grow at a CAGR of 24.9% during the forecast period, owing to the early adoption of digital technology such as AI and ML by these organizations to accelerate the growth of their products and services
• The BFSI segment is presumed to grow at a CAGR of 20.9% over the forecast period. The rise in demand for big data analytics owing to the increased demand for timely fraud prevention in the BFSI sector and expanding volume of data generated by the equity market due to trade and operations is anticipated to elevate the demand for autonomous data platforms in the BFSI segment
• The Asia Pacific regional market is expected to reach USD 1.72 billion by 2030. The region's strong economy enables these countries to make significant investments in cutting-edge AI technologies
• The key industry participants include Oracle; Teradata; IBM; Amazon Web Services, Inc.; Hewlett Packard Enterprise Development LP; Qubole, Inc.; Cloudera, Inc.; Gemini Data; Denodo Technologies; and Alteryx, Inc.

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

Autonomous Data Platform Market Segmentation

Grand View Research has segmented the global autonomous data platform market based on component, services, deployment, enterprise size, end-use, and region:

Autonomous Data Platform Component Outlook (Revenue, USD Million, 2017 - 2030)

• Platform
• Services

Autonomous Data Platform Services Outlook (Revenue, USD Million, 2017 - 2030)

• Advisory
• Integration
• Support & Maintenance

Autonomous Data Platform Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premise

Autonomous Data Platform Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprise
• Small and Medium Enterprise (SME)

Autonomous Data Platform End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• Healthcare
• Retail
• Manufacturing
• IT & Telecom
• Government
• Others (Travel & Hospitality, Transportation &Logistics, And Energy & Utilities)

Autonomous Data Platform Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List Of Key Players in the Autonomous Data Platform Market

• Oracle
• Teradata
• IBM
• Amazon Web Services, Inc.
• Hewlett Packard Enterprise Development LP
• Qubole, Inc.
• Cloudera, Inc.
• Gemini Data
• Denodo Technologies
• Alteryx, 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.

Cryptocurrency Market Report by Opportunity, Demand, Recent Trends, Major Driving Factors and Business Growth Strategies

 Cryptocurrency Market Growth & Trends

The global cryptocurrency market size is expected to reach USD 11.71 billion by 2030, registering a CAGR of 12.5% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The market growth is anticipated to be fueled by the increasing demand for better data security, operational transparency, and the incorporation of blockchain technology in digital payment systems. Additionally, the legalization of the purchase, sale, and trading of digital currencies in several developed countries, such as the U.S., is fostering industry expansion.

The cryptocurrency industry is anticipated to grow owing to the rising global popularity of digital currencies such as bitcoin, Ethereum, and Litecoin. This growing popularity can be credited to the capacity of cryptocurrencies to provide quick, transparent, safe, and effective payment to users. As stated by Crypto.com, there were 295 million crypto owners in December 2021 as compared to 228 million in July 2021.

The market for cryptocurrencies is anticipated to be positively impacted by the recent advancements in artificial intelligence. Numerous businesses have been motivated to concentrate on their development as a result of the increased popularity of AI-based cryptocurrency platforms. For instance, in August 2021, Los Alamos National Laboratory researchers reported that they had created an artificial intelligence algorithm to recognize unauthorized cryptocurrency miners who utilize research computers for cryptocurrency mining.

The COVID-19 pandemic adversely impacted market growth in 2020, while 2021 saw a steady uptick. The sales of cryptocurrency mining hardware were slowed down by the global supply chain slowness caused by the border closures in 2020, which restrained the market's expansion. Moreover, owing to the COVID-19 consequences blockchain companies were compelled to reduce their staffing levels and budgets in 2020. For instance, Cipher Trace decreased its advertising and market department jobs, and Elliptic lay off employees in the U.S. as well as the U.K.

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Cryptocurrency Market Report Highlights

• The hardware segment is estimated to dominate the market in 2022. The dominance can be attributed to the increasing demand for cryptocurrency mining devices to mine new coins and include them in the supply chain
• The graphics processing unit (GPU) segment is expected to witness the fastest growth during the forecast period. The growth can be attributed to the rising demand for GPU in crypto mining as it consumes less energy and offers high-speed processing
• The wallet segment is anticipated to witness the fastest growth during the forecast period. The growing demand for cryptocurrency wallets for trading, sending, and receiving cryptocurrencies is anticipated to fuel the segment's growth
• The mining segment is estimated to dominate the market in 2022. The dominance can be attributed to the growing investment by several companies to build crypto mining farms
• The bitcoin segment has dominated the market in 2022 and is anticipated to grow at the fastest CAGR through the projection period. The growth can be attributed to the increasing popularity of Bitcoin. Moreover, acceptance of Bitcoin by several emerging countries, such as El Salvador, is anticipated to spur the growth of the segment
• The retail & e-commerce segment is anticipated to grow at the fastest CAGR through the projection period. The growing acceptance of cryptocurrencies by several retail &e-commerce stores is anticipated to aid the growth of the segment
• The Asia Pacific is expected to register rapid growth during the forecast period. The presence of crypto mining companies in the region is predicted to propel regional market growth

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

Cryptocurrency Market Segmentation

Grand View Research has segmented the global cryptocurrency market based on the component, hardware, software, process, type, end-use, and region.

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

• Hardware
• Software

Cryptocurrency Hardware Outlook (Revenue, USD Million, 2017 - 2030)

• Central Processing Unit
• Graphics Processing Unit
• Application-Specific Integrated Circuit
• Field Programmable Gate Array

Cryptocurrency Software Outlook (Revenue, USD Million, 2017 - 2030)

• Mining Software
• Exchange Software
• Wallet
• Payment
• Others

Cryptocurrency Process Outlook (Revenue, USD Million, 2017 - 2030)

• Mining
• Transaction

Cryptocurrency Type Outlook (Revenue, USD Million, 2017 - 2030)

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Ripple
• Others

Cryptocurrency End-Use Outlook (Revenue, USD Million, 2017 - 2030)

• Banking
• Gaming
• Government
• Healthcare
• Retail & E-commerce
• Trading
• Others

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

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • South Korea
  • Japan
• Latin America
  • Brazil
• Middle East & Africa (MEA)

List of Key Players in Cryptocurrency Market

• Advanced Micro Devices, Inc.
• Binance
• Bit fury Group Limited
• BitGo, Inc.
• Bit Main Technologies Holding Company
• Intel Corporation
• NVIDIA Corporation
• Ripple
• Xapo Holdings Limited
• Xilinx, 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.