Canada Plastic Packaging Market Strong Application and Emerging Trends also Scope by 2030: Grand View Research Inc.

 Canada Plastic Packaging Market Growth & Trends

The Canada plastic packaging market size is expected to reach USD 13.76 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 3.8% from 2022 to 2030. The growing demand for plastic from end-use industries and the increasing demand for convenient and efficient packaging are the factors expected to further fuel the growth of the industry.

Plastic packaging is one of the most convenient packaging solutions through which companies can offer a wide range of products including personal & oral care, healthcare, and food products. Efficient designs as per client requirements make product dispensing much easier. In addition, plastic packaging offers convenience in terms of the application of the product and portability. Due to their lightweight, these packaging forms are easy to carry and store, especially while traveling.

Products have developed functionality for added convenience such as one-hand application and maintaining hygiene for the user. However, the escalated production and consumption of plastic have become a major environmental problem due to inefficient waste management systems. Therefore, the companies are switching to sustainable sources of packaging which is emerging as a major restrain for the growth of the plastic packaging industry.

The market is steadily moving toward sustainability packaging owing to the rising stringent regulations on the use of excessive plastic packaging coupled with the growing sustainability awareness among consumers. In line with this, in May 2019, Graham Packaging Company announced its plan of 100% incorporation of reusable, recyclable, or compostable packaging by 2025.

Similarly, several other leading packaging companies including Amcor plc, Mondi, and Sonoco Products Company have pledged to incorporate reusability- and recyclability-based packaging portfolios in the forthcoming years. For instance, in December 2020, Amcor plc partnered with 35 consumer goods companies to promote recyclable packaging materials and reduce plastic waste. The partnership aims to deliver packaging that is easy and cost-effective to recycle.

Moreover, the continuous investment in research & development programs by the leading players has led to the introduction of several packaging technologies in recent years. Modified atmosphere packaging (MAP), airless packaging, retort packaging, child-proof and elderly-friendly packaging, temperature-controlled packaging, and tamper-proof packaging are a few of the widely utilized packaging technologies. Such value additions in the packaging have resulted in the significant expansion of the market, in terms of revenue, and benefitted the companies, in terms of profit margin.

Key players are increasingly investing in the development of bio-based packaging products. In April 2019, Sealed Air collaborated with Kuraray America, Inc., a Japan-based specialty material manufacturer, to develop plant-based packaging for perishable foods such as poultry, beef, and seafood in the U.S., Canada, and Mexico. Mondi has also been offering packaging products made from biopolymers based on renewable resources instead of PE. Numerous chemical companies such as BASF SE, Braskem S.A., NatureWorks, Novamont, and Plantic are developing biopolymers to cater to the increasing global demand.

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Canada Plastic Packaging Market Report Highlights

• Based on source, the polyethylene segment dominated with a revenue share of 32.60% in 2021, owing to the increasing demand for packaged goods, surging trade activities, and growing dependency of customers on online delivery of the goods. The easy availability of polyethylene, along with its affordable price, is anticipated to result in the growth of the segment
• The rigid segment accounted for the highest revenue share of 56.64% in 2021 owing to its applicability and functionality of offering excellent protection to packaged goods and products
• Primary packaging emerged as dominating product segment with a revenue share of 49.82% in 2021. Wide availability, low cost, and increasing demand for processed food products and medicines, and the increasing adoption of personal care products have contributed to the highest share of the segment
• The beverages end-use segment is anticipated to have the highest CAGR of 4.2% over the forecast period. Increasing consumption of non-alcoholic beverages and the rising demand for functional beverages in Canada are significantly driving the demand for plastic packaging
• Key companies are majorly adopting acquisition and new product launch strategies to expand their manufacturing capabilities, product portfolios, and geographical presence. For instance, in July 2022, Coveris launched stretch films, which have 30% recycled content. This product launch aims to reduce the consumption of virgin plastic and expand the product portfolio in sustainable packaging. Also, In August 2021, ALPLA acquired Wolf Plastics Group to expand its product portfolio in buckets and canisters and its presence in Central and South-Eastern Europe

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Canada Plastic Packaging Market Market Segmentation

Grand View Research has segmented the Canada plastic packaging market based on material, product, type, technology, application, and application channel:

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

• PE
  • HDPE
  • LDPE
  • LLDPE
• PET
• PS
• PP
• Bioplastic
  • PLA
  • Starch Blend
  • PHA
  • Biodegradable Polyester
  • Others
• Others

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

• Rigid
  • Bottles Jars
  • Cans
  • Trays & Containers
  • Caps & Closures
  • Drums
  • IBC
  • Pails
  • Others
• Flexible
  • Wraps and Films
  • Bags
  • Pouches
  • FIBC
  • Others

Canada Plastic Packaging Type Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Primary
• Secondary
• Tertiary

Canada Plastic Packaging Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Injection Molding
• Extrusion
• Blow Moldings
• Thermoforming
• Others

Canada Plastic Packaging Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Food
• Beverages
• Industrial Packaging
• Pharmaceuticals
• Personal & Household Care
• Petroleum and Hazardous Chemicals
• Others

Canada Plastic Packaging Application Channel Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Retail
  • In-Store
  • E-Commerce
• Industrial

List of Key Players in the Canada Plastic Packaging Market Market

• Amcor Plc.
• Berry Global Group, Inc.
• CCL Industries
• Coveris
• Sealed Air
• Sonoco Products Company
• WINPAK Ltd.
• Alpha Packaging
• Constantia Flexibles
• Mondi
• Gerresheimer AG
• Silver Spur Corporation
• Greif
• Transcontinental Inc.
• ALPLA

About Grand View Research

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

Animal Feed Organic Trace Minerals Market To Make Great Impact In The Near Future by 2030: Grand View Research Inc.

 Animal Feed Organic Trace Minerals Market Growth & Trends

The global animal feed organic trace minerals market size is expected to reach USD 917.4 million by 2030, as per the new report by Grand View Research, Inc., expanding at a CAGR of 7.6% from 2022 to 2030. The industry growth is majorly attributed to the growing demand for animal feed. The market is characterized by the presence of a large manufacturing base. Growing demand for animal feed organic trace minerals from poultry and ruminants is expected to play a key role in the growth of this market over the forecast period.

Raw materials used to manufacture the product using the natural route are zinc, copper, iron, selenium, and manganese. Copper is one of the major minerals in livestock food. In the cattle food industry, zinc is used to increase the immunity of livestock. Along with zinc, copper is also considered to be an essential trace mineral in animal feed. Copper helps in increasing the metabolism in animal bodies. It also helps in the formation of bones and tissues in livestock. Animal feed is widely used in the dairy cattle, poultry, pigs, horses, and fish industries. One of the basic functions of organic trace minerals involves improving the quality of feed. Although they are used in minute quantities, their significance on the overall health and productivity of livestock cannot be undermined.

Livestock food products are extensively used to improve the immune systems and the vital metabolic functions in animals. Minerals that are used in traces perform specific functions in different animals. Zinc helps in the formation of eggshells in poultry, whereas manganese aids in the synthesis of fatty acids and cholesterol and the production of melanin. The end-use industries of livestock food including dairy cattle and poultry were impacted by COVID-19. Processing plants started facing operational and labor problems in late March, and in many cases, things became worse in late April or early May. As the market returned to normal by the end of 2021, the product witnessed an increase in demand over the forecast period. 

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Animal Feed Organic Trace Minerals Market Report Highlights

• Asia Pacific captured the largest revenue share of over 35.0% in 2021. This is owing to the increased consumption of meat, chicken, dairy products, and other livestock
• The zinc product segment held the largest revenue share of over 30.0% in 2021. This is owing to the high demand for cost-effective livestock food, which is manufactured from Zinc
• Poultry was the largest application segment in 2021 with a revenue share of over 40.0%. This is attributed to high demand from the livestock food market
• Several large players operate globally. With a developed value chain, it is a well-established industry. In order to gain a competitive edge and enter untapped markets, players are expanding their geographic reach

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Animal Feed Organic Trace Minerals Market Segmentation

Grand View Research has segmented the global animal feed organic trace minerals market report on the basis of product, application, and region:

Animal Feed Organic Trace Minerals Product Outlook (Revenue, USD Thousand, 2018 - 2030)

• Zinc
• Iron
• Copper
• Selenium
• Others

Animal Feed Organic Trace Minerals Application Outlook (Revenue, USD Thousand, 2018 - 2030)

• Dairy Cattle
• Poultry
• Horses
• Pigs
• Others

Animal Feed Organic Trace Minerals Regional Outlook (Revenue, USD Thousand, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • Spain
  • UK.
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Vietnam
  • Indonesia
• Latin America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Animal Feed Organic Trace Minerals Market

• Alltech Inc.
• Archer Daniels Midland Co.
• Biochem
• Tanke International Group
• Cargill Inc.
• Kemin Industries Inc.
• Mercer Milling Co. Inc.
• Novus International Inc.
• Nutrco NV
• Pancosma SA
• Royal DSM NV
• Zinpro Corp.

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.

Safe City Market Set to Witness an Uptick during 2022 to 2030: Grand View Research Inc.

 Safe City Market Growth & Trends

The global safe city market size is expected to reach USD 87.07 billion by 2030, growingat a CAGR of 14.5% from 2022 to 2030, according to the recent reports of Grand View Research, Inc. Shifting focus of several governments toward smart city solutions and increasing population across the globe are driving the industry growth. With the rapid urbanization in metro cities, robust safety system integration is required to control crime and traffic, supporting the industry trend. Increasing private and public investments in smart city projects are also expected to create a positive market outlook for safe city solutions. For instance, in July 2022, Thailand Government announced to invest USD 37 billion to build a smart city in Chonburi province’s Huai Yai region.

The city will be constructed on land measuring 2,340 hectares and is expected to be completed by 2032. Such initiatives will create positive traction for the market in the region. Industry players are focusing on developing safe city solutions equipped with advanced technologies, such as big data analytics, Artificial Intelligence (AI), cloud computing, cybersecurity, and the Internet of things (IoT). The safe city solution providers are integrating these technologies into their products to improve their products' performance, reliability, and adaptability with different types of systems. Companies, such as Bosch Energy & Building Solutions, Hangzhou Hikvision Digital Technology Co., Ltd., Huawei Technologies Co., Ltd., and Identiv, Inc. (3VR), are integrating IoT in their smart and safe city solutions to enable police authorities to control all connected hardware remotely.

In addition, the integration of Robotic Process Automation (RPA) tools in Command & Control Systems (CCS) automates various tasks in centralized control systems, allowing city authorities to focus on other essential tasks.Various state governments are emphasizing developing applications to protect citizens from cybercrimes when connected to public Wi-Fi networks. Various state governments in the U.S., U.K., and France are launching free public safety applications to safeguard citizens from evolving digital threats. For instance, in August 2022, the Los Angeles County Metropolitan Transportation Authority collaborated with the city of Los Angeles to introduce LA Secure application, which is free to use to protect citizens from digital threats from public Wi-Fi networks. The applicationis available for Android and iOS devices and alerts the user when the device is connected to any rogue Wi-Fi network.

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Safe City Market Report Highlights

• The service segment is anticipated to grow at the fastest CAGR from 2022 to 2030 due to the shifting focus of companies on providing bundled and customized safe city solutions, enabling clients to avail various features through one system without any need for additional charges
• Industry players are focusing on introducing innovativesolutions with reasonable subscription plans to attract key business clients and, thus, increase industryshare
• The Emergency Response System (EMS) segment is expected to register the highest CAGR from 2022 to 2030 due tosupportive government initiatives related to child & women's safety and improving emergency medical services & fire safety infrastructure
• Moreover, growing technology penetration and rising smartphone users across the globe are expected to drive the segment further
• Asia Pacific is anticipated to register the highest CAGR from 2022 to 2030. The rising number of startups and increasing public & private investments are propelling the adoption of safe city solutions in the region
• Governments of various countries, such as India, Australia, China, and South Korea, are launching smart city projects to explore new business opportunities and improve citizens’ lifestyles, supporting the region’s growth

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Safe City Market Segmentation

Grand View Research has segmented the global safe city market based on component, technology, and region:

Safe City Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Services

Safe City Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Command & Control Systems
• Cybersecurity
• Public Safety Communications
• Emergency Management System (EMS)
• Video Surveillance & Analytics
• Location Tracking System
• Data Center Infrastructure
• Physical Identity & Access Management (PIAM)

Safe City Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Safe City Market

• ABB Ltd.
• ALE International SAS
• BAE Systems PLC
• Bosch Energy and Building Solutions
• Esri
• Honeywell International Inc.
• Identiv, Inc. (3VR)
• NEC Corp.
• Siemens AB
• Teledyne FLIR 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.

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

Access Press Release@ https://www.grandviewresearch.com/press-release/canada-multilayer-flexible-packaging-market-analysis

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.