Electric Three Wheeler Market to Expand with Significant CAGR During 2022 – 2030: Grand View Research Inc.

 Electric Three Wheeler Market Growth & Trends

The global electric three wheeler market size is expected to reach USD 1.57 billion by 2030 with a CAGR growth of 7.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market growth of electric three wheelers is attributed to factors such as the increasing inclination towards electric vehicles as a sustainable, and efficient alternative for public commuting. The increasing carbon emission level in the environment by fossil fuel-powered conventional vehicles has become a significant concern for governmental and environmental organizations. This has resulted in electric three-wheeler vehicles being perceived as a solution to reduce carbon emissions caused by conventional three wheelers. In addition to this, increasing traffic congestion and rising fuel prices across regions have further propelled the market of electric three wheelers as passenger carriers.

Electric three wheeler is emerging as an affordable option for fossil fuel-based commercial vehicles that are encouraging market growth. In developing countries of Africa and the Asia Pacific, electric three wheelers are a suitable option for last-mile deliveries and commercial use owing to their advantages, such as door-to-door accessibility, maneuverability, and affordability. E-commerce companies such as Amazon and Flipkart have partnered with major manufacturers such as Mahindra Electric Mobility Limited for the use of electric three wheeler fleets for last-mile delivery. The e-commerce giants are planning to deploy more fleets in the coming years.

The Asia Pacific region is anticipated to show significant market growth due to the presence of major markets such as India and China. Both countries have a higher concentration of middle and lower-income populations where electric three wheelers are an economical option for last-mile and daily commutes. Furthermore, government initiatives in these countries, such as FAME and PLI, have given manufacturers and end-users benefits such as tax subsidies and discounts. The benefits based on these scheme parameters have made the production of electric three wheelers and purchasing electric three-wheelers more affordable.

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Electric Three Wheeler Market Report Highlights

• The 1000 W to 1500 W segment has observed the highest market share in 2021 due to its affordable operational cost
• The growth of the electric three wheeler market is linked to the demand for both electric three wheeler passenger and commercial vehicles in developing countries owing to a surge in last-mile delivery and commute
• Government initiatives in the Asia Pacific region such as PLI and FAME scheme by the Indian Government have encouraged market growth
• Lithium-ion batteriesare being increasingly used in electric vehicles due to their smaller size and lower charging duration

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Electric Three Wheeler Market Segmentation

Grand View Research has segmented the global electric three wheeler market based on battery type, power, end-use, and region:

Electric Three Wheeler Battery Type Outlook (Revenue, USD Million, 2018 - 2030)

• Lithium-ion
• Lead Acid
• Others

Electric Three Wheeler Power Outlook (Revenue, USD Million, 2018 - 2030)

• Up to 1000 W
• 1000 W - 1500 W
• Above 1500 W

Electric Three Wheeler End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• Passenger Carrier
• Goods Carrier

Electric Three Wheeler Region Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
  • Bangladesh
  • Sri Lanka
  • Thailand
  • Philippines
  • Vietnam
  • Indonesia
  • Singapore
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa

List of Key Players of Electric Three Wheeler Market

• Mahindra Electric Mobility Limited (Mahindra and Mahindra)
• Piaggio Vehicle Pvt (Piaggio & Co.SpA)
• Atul Auto Limited
• Terra Motors
• Gayam Motor Works
• Omega Seiki Pvt Ltd  
• Bodo Vehicle Group Co. Ltd.
• Euler Motors
• Bajaj Auto
• Jiangsu Kingbon Vehicle Co. Ltd
• E-Tuk Factory

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.

Bitcoin Market To Benefit from Increased Global Uptake of 2022 By 2030

 Bitcoin Market Growth & Trends

The global bitcoin market size is expected to reach USD 132.91 billion by 2030, growing at a CAGR of 26.2% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing acceptance of cryptocurrencies globally, owing to the numerous advantages associated with them, such as decentralization and ease of exchange, is expected to drive the bitcoin market over the forecast period. Additionally, the payment service providers' significant emphasis on delivering better payment solutions promotes the industry’s expansion.

Market players are investing in new and innovative product development to establish the Bitcoin market. For instance, in June 2022, Proshares, an issuer of Exchange-Traded Funds (ETFs), introduced the first ever short Bitcoin-linked ETF. It is specifically designed to help investors profit from price dips in cryptocurrency.

Several crypto exchanges are expanding their operational reach to grab the opportunity to capture the growing market of Bitcoin and cryptocurrency. For instance, in March 2022, Coinbase planned to expand its footprint in European markets, which is in line with the two-pronged growth strategy.

In 2020, the COVID-19 pandemic led to the global economic crisis, which significantly contributed to the growth of the bitcoin market. The outbreak led to a financial crisis, which resulted in currency devaluation. On the other hand, a spike in Bitcoin trading volume was observed during the significant currency devaluation. In times of crisis, residents shift to safe assets, and the Bitcoin trade picks up.

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Bitcoin Market Report Highlights

• The exchange segment is expected to dominate over the forecast period owing to the large volumes traded on the exchanges every day and the growing popularity of bitcoin as an alternative investment option
• The BFSI segment is anticipated to dominate the market over the forecast period. The rapid adoption of cryptocurrencies among financial institutions owing to the unique opportunities such as the revolution in payment services is expected to drive growth
• The Asia Pacific regional market is expected to witness the fastest CAGR over the forecast period. The growing prevalence of crypto-based startups and decentralized finance (Defi) projects in countries such as Singapore and the Philippines is expected to boost the regional growth

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Bitcoin Market Segmentation

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

Bitcoin Application Outlook (Revenue, USD Million, 2017 - 2030)

• Exchanges
• Remittance Services
• Payment & Wallet

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

• BFSI
• E-commerce
• Media & Entertainment
• Others

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

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

List of Key Players in the Bitcoin Market

• Blockstream Corporation Inc.
• Coinbase Inc.
• Coinify ApS
• Unocoin Technologies Pvt Limited
• Bitstamp Ltd.
• itBit Trust Company LLC
• Blockchain Luxembourg SA
• Kraken (Payward Inc.)
• BitPay Inc.
• Plutus Financial Inc. (ABRA)

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.

Travel Insurance Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

 Travel Insurance Market Growth & Trends

The global travel insurance market size is anticipated to reach USD 63.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 15.4% from 2022 to 2030. The demand for travel insurance is poised to skyrocket on the account of growth in the tourism industry due to the factors such as easy internet travel bookings, extensive media coverage of various holiday types, an increase in disposable income, and enhanced package holidays.

The increasing adoption of various technological advancements, such as AI-based applications, the usage of Big Data, and Blockchain, is expected to create growth opportunities for travel providers in the global market. Moreover, the travel insurance market is witnessing a rise in popularity owing to benefits such as COVID-19 medical coverage, and 24/7 emergency services.

Many industries across the world were severely impacted due to the COVID-19 pandemic. However, the travel insurance market experienced significant growth owing to a surge in the demand for travel insurance services and products post-pandemic. The pandemic has accelerated the need for travel insurance among the general population, resulting in the creation of various open-source data portals and dashboards to inform citizens about the number of coverage included in travel insurance, the number of active cases, and infection rate, and recovery rate.

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Travel Insurance Market Report Highlights

• In terms of insurance coverage, the single-trip insurance coverage segment held the largest revenue share of 60.1% in 2021 and is projected to expand at the highest CAGR of 16.0% during the forecast period. The adoption of travel insurance is skyrocketing, and organizations are developing and adding more benefits, such as travel insurance for sports activities. The annual multi-trip insurance coverage segment is anticipated to expand at a CAGR of 15.3% during the forecast period
• In terms of distribution channels, the insurance companies' segment dominated the market with a share of 34.8% in 2021 and is projected to maintain its dominance during the forecast period. The market growth of this segment can be attributed to the demand for trusted sources for the distribution of these policies, as they have an authorized set of packages and can rightly advise the customers about the travel insurance plans
• In terms of end-users, the senior citizen's segment dominated the market in 2021 and is projected to expand at a CAGR of 13.9% during the forecast period. This growth is attributed to the increase in numerous policy plans for senior citizens, such as COVID-19 insurance cover and emergency medical covers. In addition, services like emergency evacuation, subsidies in tickets, trip cancellation coverage, and coverage for luggage loss have a positive impact on the market
• The business travelers segment is likely to register the highest CAGR of 17.6% during the forecast period. The surge in numbers of business trips in recent years and the increasing number of business travel insurance product offerings by the industry players are the key factors driving the growth of this segment. For instance, in March 2021, Travel Insured International’s launched a new product, Worldwide Trip Protector, to enhance various insurance policies for families, business travelers, and other travelers
• Europe captured the highest market share of 36.1% in 2021 and is expected to retain its position during the forecast period. This can be attributed to the existence of numerous travel insurance companies as well as the high adoption rate as a result of government policies that encourage travel insurance usage throughout the region. For instance, in April 2022, the Insurance Regulatory and Development Authority of India announced that it will reform regulations and capital requirements and introduce new solutions to expand the penetration of insurance and provide insurers with more flexibility
• Asia Pacific (APAC) is expected to expand at the highest CAGR of over 16.7% during the forecast period. The market growth in this region is primarily due to the expansion of travel insurance policies to transform businesses through the deployment of COVID-19-related coverage for overseas hospitalization expenses, medical evacuation, quarantine allowance, and others to benefit travelers across the region. For instance, in July 2022, Chubb, a travel insurance provider, partnered with Royal Brunei Airlines to provide travel insurance to passengers. It offers a product that covers unexpected overseas medical expenses, accidents, COVID-19 medical cover, and travel inconveniences, including travel documents, loss of luggage, and trip cancellation

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Travel Insurance Market Segmentation

Grand View Research has segmented the global travel insurance market based on insurance coverage, distribution channel, end-users, and region:

Insurance Coverage Outlook (Revenue, USD Million, 2017 - 2030)

• Single-trip Travel Insurance
• Annual Multi-trip Travel Insurance
• Long-stay Travel Insurance

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

• Insurance Intermediaries
• Insurance Companies
• Banks
• Insurance Brokers
• Insurance Aggregators

End-Users Outlook (Revenue, USD Million, 2017 - 2030)

• Education Travelers
• Business Travelers
• Senior Citizens
• Family Travelers
• Others

Regional Outlook (Revenue, USD Million, 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 Travel Insurance Market

• Allianz
• American International Group, Inc.
• AXA
• ASSICURAZIONI GENERALI S.P.A.
• USI Insurance Services, LLC
• battleface
• Insure & Go Insurance Services Limited
• Seven Corners Inc.
• Travel Insured International
• Zurich
• Delphi Financial Group, Inc.
• Ping An Insurance (Group) Company of China, 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.

Payment Processing Solutions Market Predicted to Witness Steady Growth During the Forecast Period

 Payment Processing Solutions Market Growth & Trends

The global payment processing solutions market size is expected to reach USD 139.90 billion by 2030, registering a CAGR of 14.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing cashless economy initiatives undertaken by several governments across the globe. With such cashless economy initiatives, the adoption of digital payments has increased, which has created a demand for payment processing solutions.

The increasing e-commerce and online shopping trends across the globe are the major factors driving the growth of the payment processing solution industry. According to OptinMonster, in 2019, almost 93.5% of global internet users purchased products online. In addition, the increasing digitalization across several industries to lower operational costs and expand the boundaries of the business bode well with the market’s growth.

The increasing partnerships, collaborations, and launches are further expected to drive the market’s growth over the forecast period. For instance, in September 2022, Unicorn Payment, a multi-currency merchant services provider, and online payment processing company, announced the introduction of a new partnership program for web developers across European countries. With the new partnership program, the company enabled European web developers to earn monthly by referring merchants to Unicorn Payment.

The COVID-19 pandemic impacted market growth favorably over the forecast period. The shift in the online purchasing behavior of consumers due to lockdowns during the COVID-19 pandemic opened up new growth opportunities for the market. Furthermore, increasing launches of payment processing solutions during the COVID-19 pandemic led to an increase in the adoption of e-wallets and card payments among consumers resulting in the positive growth of the market.

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Payment Processing Solutions Market Report Highlights

• The growing popularity of smartphones and technological innovation is anticipated to boost the usage of e-wallets across the globe
• As retailers are focusing on diversifying their business operations, they are increasingly embracing wireless and mobile processing technologies for payment processes. This, in turn, is expected to fuel the adoption of payment processing solutions in the retail end-use industry
• Increasing e-commerce sales coupled with the growing internet penetration across the Asia Pacific region is expected to fuel the market growth over the forecast period

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Payment Processing Solutions Market Segmentation

Grand View Research has segmented the global payment processing solutions market based on payment method, end-use, and region:

Payment Processing Solutions Payment Method Outlook (Revenue, USD Billion, 2017 - 2030)

• Credit Card
• Debit Card
• E-wallet

Payment Processing Solutions End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• Hospitality
• Retail
• Utilities & Telecommunication
• Others

Payment Processing Solutions Regional Outlook (Revenue, USD Billion, 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 Payment Processing Solutions Market

• Adyen
• Alipay
• Amazon Payments, Inc.
• Net
• PayPal Holdings Inc.
• PayU
• SecurePay
• Stripe, Inc.
• Apple Inc. (Apple Pay)
• Alphabet (Google Pay)

About Grand View Research

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

Expansion of Smart Electricity Meters Market During 2023– 2030 to Gain Robust Traction: Grand View Research Inc.

 Smart Electricity Meters Market Growth & Trends

The global smart electricity meters market size is expected to reach USD 21.81 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.6% from 2023 to 2030. The substantial growth prospects of the smart electricity meter market can be attributed to the significant promotion of green energy, efficient transmission facilities, and integrated presence across the value chain, especially for sharing real-time information about usage and tariff rates. These factors are perceived to offer the market a competitive advantage. Regional markets, such as Europe and the Asia Pacific, are expected to emerge as significant attractive markets.

Technological innovations are occurring at a fast pace in the APAC region. This generates the need for refreshing the existing technology to drive efficiency. Companies are spending more to update their existing infrastructure with advanced technologies such as the Internet of Things. Companies use IoT-based smart meters to optimize the meter reading process and offer accurate billing based on consumption. For instance, in August 2022, Adani Electricity invested INR 500 crore for the smart meter installation in Mumbai. The power discom, a unit of Adani Transmission, plans to install 7 lakh smart meters as part of the first phase target. The remaining 20 lakh consumers are expected to receive smart meters by the end of the financial year 2025. Installing the remaining smart meters will occur in multiple phases over the coming years.

The smart electricity meter is projected to lower the peak electricity demand as they enable end-users to monitor power consumption easily and take necessary measures to reduce overconsumption. This is further expected to lessen the stress on power generation plants, thereby allowing efficient resource usage and optimization. Government directives mandating smart electricity meters and smart grids to increase energy efficiency are expected to emerge as key market drivers. For instance, in August 2021, the India power Ministry engaged all central ministries and departments to shift towards prepaid smart electricity meters. The power ministry has regulated an advisory to all central ministries of the government to guide organizations under their administrative control to safeguard and shift towards prepaid smart meters on a priority basis.

Further, smart electricity meter is anticipated to offer energy suppliers several advantages, such as reducing reaction time to resolve power outages and hardware faults and enhanced customer service delivery by providing convenient remote meter readings. Additionally, attentiveness to environmental protection and associated proceedings & policies are estimated to control the surging levels of radiation emissions.

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Smart Electricity Meters Market Report Highlights

• The residential segment led the market in 2022, accounting for over 88% share of the global revenue owing to continual expansion in residential establishments. Additionally, Increased awareness among consumers about the benefits of smart meters has contributed to their growth
• The single-phase segment held the largest revenue share of over 90% in 2022. ingle-phase smart meters are less expensive than their three-phase counterparts, making them more affordable for households. They can help households save money on their energy bills by providing real-time information about energy usage
• A smart grid act as an automated monitoring and controlling system, emerging as an improved electrical network over the conventional one. Real-time pricing and consumption data display are the core functionalities provided by smart electricity meter
• The rapidly increasing investments in smart city projects and the development of smart grid technologies in emerging countries across the globe are expected to create growth prospects for smart electricity meters in the commercial sector
• The growing awareness among customers regarding the benefits of smart meters is foreseen to increase the adoption in non-regulatory regions as well
• Companies in the market are concentrating on growing their client bases to acquire a competitive edge in the market and are taking various strategic initiatives, such as partnerships, acquisitions and mergers, and collaborations with other important players

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Smart Electricity Meters Market Segmentation

Grand View Research has segmented the global smart electricity meters market based on phase, end-use, and region:

Smart Electricity Meters Phase Outlook (Revenue, USD Million, 2018 - 2030)

• Single-Phase
• Three-Phase

Smart Electricity Meters End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential
• Commercial
• Industrial

Smart Electricity MetersRegional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
• Asia Pacific
  • South Korea
  • China
  • Japan
• South America
  • Brazil
• Middle East and Africa (MEA)

List of Key Players in the Smart Electricity Meters Market

• ABB Ltd.
• General Electric (GE) Company
• Holley Technology Ltd.
• Elster Group SE
• Iskraemeco D.D.
• Itron, Inc.
• Landis+Gyr
• Schneider El0ectric SE
• Siemens AG

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.

Telecom Cloud Market to Expand at a CAGR of 19.9% Through 2030: Grand View Research Inc.

 Telecom Cloud Market Growth & Trends

The global telecom cloud market size is expected to reach USD 103.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 19.9% from 2022 to 2030. A telecom cloud is a next-generation network architecture that integrates cloud-native technologies, network function virtualization, and software-defined networking into a distributed computing network. Orchestration and automation are essential since the computing and network resources are scattered across clouds and locations.

Telco Cloud refers to shifting communications service providers (CSPs) from vertically integrating proprietary hardware-based infrastructure networks to cloud-based technologies. It is mainly used in the telecom business to refer to multi-cloud computing. The propelling drivers of the telecom industry are increased customer satisfaction, corporate agility, cost savings, and others. Also, the usage of standard computational hardware and automation reduces CapEx and OpEx resulting in increased adoption of telco cloud in the telecommunication industry.

It also delivers innovative bespoke B2B solutions, such as telcos may bring highly customized corporate products to market rapidly and affordably. Telco cloud makes it simple to collaborate with business service partners by providing access to public cloud services from any device, at any time. Additionally, it protects your consumers and profits from competitors; for instance, the telco cloud enables operators to swiftly alter business models to test new goods, services, and pricing schemes.

It also makes setting up new consumer experiences and communication channels easier. Furthermore, the lower CapEX and OPEX needs of telco cloud, better service resilience, and capacity to respond swiftly to faults and demand changes allow operators to maintain service levels and competitive pricing. These advantages result in lower client attrition.

The top trends in the telecom cloud industry are hybrid cloud hosting, Cloud Native Network Functions (CNNF), and telecom cloud collaboration. A hybrid cloud merges private and public clouds where the software and data are interoperable and portable. It allows telcos to optimize the operations with various patterns to manage workload. It improves resource allocation, optimizes infrastructure spending, provides enhanced organizational agility, and offers the ability to scale using the public cloud and controls available in the private cloud deployment.

Also, in the case of CNNF, Software-defined networking is replaced by NFV (Network Functions Virtualization), which provides more independence from proprietary servers and hardware. It provides a cloud-native architecture that combines VNFs and CNFs while adopting 5G features. This will provide maximum market coverage to telecom businesses looking to expand their services. Moreover, telecom cloud collaboration includes partnerships between hyperscalers and telcos which constitute a major cloud computing trend transforming the business.

Cloud service providers and telecom enterprises join forces to expand edge computing collaboration and 5G. Telecom cloud service providers are increasing their connectivity with the help of technology advancement to gain a competitive edge over their peers and capture a significant market share.

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Telecom Cloud Market Report Highlights

• Telecom cloud computing is a software-defined structure that allows telecom businesses to process and store data remotely in their data lakes or data processing centers
• In May 2022, Nokia also announced the launch of the cloud-native IMS (IP Multimedia Subsystem) Voice Core product, which will help CSPs (Communication Service Providers) to increase operational agility, simplify their network operations, and decrease the cost of managing their network
• Based on the component, the solution segment accounted for the largest revenue share of over 60.2% in 2021 as it offers unified communication and collaboration, content delivery networks, and other solutions
• The rising internet and mobile device penetration are driving the adoption of solutions. Additionally, exponentially expanding media content and demand for rich video content among increasing internet users and the digitalization trend among enterprises across end-user sectors drive the demand for telecom cloud solutions
• The deployment type segment comprises private, public, and hybrid cloud. The private cloud segment dominated the market in 2021 and is expected to witness a significant CAGR of 56.4% over the forecast period, owing to several benefits offered by this segment such as improved control, better security & data privacy, specialized computational resources such as RAN, VNF, and edge apps and services, along with cost -efficiency
• Based on the service model, the Software as a Service(SaaS) segment accounted for the largest revenue share of over 55.7% in 2021 owing to its potential to cut infrastructure expenses, shifting the cost base from capex to opex
• In terms of applications, the network, data storage & computing segment dominated the overall market, gaining a revenue share of 34.4% in 2021. The dominance of this segment is owing to its ability to perform several functions such as web application development, improved scalability, batch processing, and storage, hosting, and handling of peak workloads among others
• In terms of enterprise size, the large enterprises segment dominated the market in 2021 and is expected to witness a significant CAGR of 61.6% over the forecast period owing to the growing adoption of cloud-based technologies, which help small enterprises streamline their business operations cost-effectively

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Telecom Cloud Market Segmentation

Grand View Research has segmented the global telecom cloud market based on component, deployment type, service model, application, enterprise size, and region:

Telecom Cloud Component Outlook (Revenue, USD Billion, 2017 - 2030)

• Solution
• Services
  • Professional Services
  • Managed Services

Telecom Cloud Deployment Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Private
• Public
• Hybrid

Telecom Cloud Service Model Outlook (Revenue, USD Billion, 2017 - 2030)

• Software as a Service (SaaS)
• Platform as a Service (PaaS)
• Infrastructure as a Service (IaaS)

Telecom Cloud Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Network, Data Storage, and Computing
• Traffic Management
• Cloud Migration
• Others

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

• Large Enterprises
• SMEs

Telecom Cloud Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Telecom Cloud Market

• Juniper Networks, Inc.
• IBM Corporation
• Mavenir
• Metaswitch Network
• Affirmed Networks
• Fortinet
• Orange
• Huawei Technologies Co., Ltd.
• VMWare
• Cisco
• Nokia
• Ericsson

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.

E-commerce Logistics Market Poised to Expand at a Robust Pace of USD 1,526.42 Billion Over 2030: Grand View Research Inc.

 E-commerce Logistics Market Growth & Trends

The global e-commerce logistics market size is anticipated to reach USD 1,526.42 billion by 2030, according to the new report by Grand View Research, Inc. The market is expected to witness a CAGR of 22.3% from 2023 to 2030. E-commerce logistics refers to various processes such as warehousing, transportation, inventory management, labeling and packaging, invoicing, shipping, etc. Due to the continuing growth in demand for e-commerce services, there has been a subsequent rise in demand for e-commerce logistics.

E-commerce sales have been expanding considerably, nearly doubling their share in global retail sales in the past five years. The market shares of e-commerce sales increased from 15.6% of total retail sales in 2017 to 31.8% of the total retail sales in 2020. Moreover, the retail market especially e-commerce retailing is getting highly competitive. Amazon and Walmart are the top e-commerce retailers. In 2020, Amazon surpassed Walmart to be the largest retailer in the U.S. Amazon’s online sales represent 14.1% of the total online sales in the U.S.

Due to the pandemic and its subsequent outcomes such as social distancing, lockdowns, and closure of physical shopping outlets across the globe, consumers shifted to e-commerce for their daily needs. Most commonly bought products on e-commerce platforms are food, furnishings, appliances, apparel, and electronic gadgets. The e-commerce trade volume is continually expanding owing to the rise in the global per capita income and the convenience offered by the e-commerce platforms with home-delivery of the goods.

The adoption of technologies such as blockchain, bar code technology, Electronic Data Interchange (EDI), and Radio Frequency Identification Technology (RFID) in e-commerce logistics is improving the efficiency and reliability of e-commerce logistics operations. Technologies such as RFID, Global Positioning Systems (GPS), and Global Information Systems (GIS) have facilitated the tracking of shipments in real-time. This factor has contributed to the increased confidence in logistics service providers.

The e-commerce logistics market is anticipated to expand exponentially over the forecast period due to factors such as rising smartphone penetration, drone deliveries, greater digitization, language diversity of e-commerce platforms, and the rise of digital payment methods such as smart cards, e-wallets, and net banking.

Moreover, the adoption of regional languages has fueled the growth of e-commerce platforms. For instance, the adoption of regional languages such as Marathi, Punjabi, and Hindi by Amazon.com for its e-commerce platform in India has significantly improved the consumer base of the company. In addition, the Amazon e-commerce platform is available in Spanish and Catalan in Spain. Similarly, the company has introduced regional languages for its mobile application and website to cater to a larger audience. Market players are looking to expand their geographical presence by undertaking mergers and acquisitions.

For instance, in August 2021, DSV Panalpina announced the acquisition of Agility Logistics’ Global Integrated Logistics (GIL) Business. After the acquisition, DSV Panalpina is expected to become one of the top three freight forwarding companies, with combined revenue of roughly USD 26 billion. After the sale, Agility Logistics will also become a member of DSV’S board of directors. The transaction has an enterprise value of USD 4.77 billion and an equity value of USD 4.67 billion. The acquisition will enable DSV to expand its footprint in more countries and also expand its service offerings.

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E-commerce Logistics Market Report Highlights

• E-commerce logistics is gaining traction owing to the impressive growth trend of e-commerce across the globe
• Transportation segment dominated the market in 2022 with a revenue share of about 70%. Roadways was the most used mode of transportation in e-commerce logistics. Hubs/ delivery centers are expected to be the fastest growing warehouse type during the forecast year
• Forward logistics type segment contributed to more than half of the market share in 2022 and is expected to continue its domination of the market during the forecast period
• 3PL logistics model held the largest share in the e-commerce logistics market followed by 4PL in 2022. 3PL is also expected to be the fastest-growing segment during the forecast period
• The domestic operations held the largest share in 2022 at about 74.4%. However, the international operations are expected to grow at a CAGR of 24.9% during the forecast period
• Apparels vertical segment held the largest market share in the e-commerce logistics market in 2022. The food and beverage vertical is also expected to be the fastest growing segment with a CAGR of 25.1% during the forecast period
• Asia Pacific is expected to be the fastest growing region during the forecast period of 2022 to 2030. China, India, and Japan are the market leaders in the region

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E-commerce Logistics Market Segmentation

Grand View Research has segmented the global e-commerce logistics market based on service type, type, logistics model, operation, vertical, and region:

E-commerce Logistics Service Type Outlook (Revenue, USD Million, 2017 - 2030)

• Transportation
  • Airways
  • Railways
  • Roadways
  • Waterways
• Warehousing
  • Mega Centers
  • Hubs/Delivery Centers
  • Returns Processing Centers
  • Others

E-commerce Logistics Type Outlook (Revenue, USD Million, 2017 - 2030)

• Forward Logistics
• Reverse Logistics

E-commerce Logistics Model Outlook (Revenue, USD Million, 2017 - 2030)

• 3PL
• 4PL
• Others

E-commerce Logistics Operation Outlook (Revenue, USD Million, 2017 - 2030)

• Domestic
• International

E-commerce Logistics Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Apparels
• Consumer Electronics
• Automotive
• Healthcare
• Food and Beverage
• Others

E-commerce Logistics Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the E-commerce Logistics Market

• FedEx Corporation
• DHL International GmbH
• Aramex International
• XPO Logistics Plc.
• United Parcel Service, Inc.
• Gati Limited
• Kenco Group, Inc.
• Clipper Logistics Plc.
• Agility Public Warehousing Company K.S.C.P.
• CEVA Logistics

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.

Cloud Computing Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Cloud Computing Market Growth & Trends

The global cloud computing market size is expected to reach USD 1,554.94 billion by 2030, registering a CAGR of 14.1% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The main factors driving the market growth include the rising adoption of cloud-native applications by several business sectors, such as banking and supply chain automation. In addition, they allow businesses to develop, manage, and roll out web applications quickly. For instance, in June 2022, Redington, a technology products and services provider, partnered with Amazon Web Services, Inc. to promote the adoption of cloud computing in India. The partnership helps the former company to enhance cloud capabilities within existing markets and allows it to expand its reach into Tier 2 and 3 locations.

Increased adoption of advanced and innovative technologies, such as Artificial Intelligence (AI), Machine Learning (ML), and 5G technologies, and their rapid implementation within business applications is anticipated to drive market growth. Since the COVID-19 outbreak, technological advancements have accelerated rapidly. Enterprises can now efficiently store, access, and manage vital data owing to cloud computing technologies. With the increasing use of smartphones, computers, and the internet, businesses now need to store and process enormous amounts of data to provide their consumers and clients with services centered on their needs. This is attributed to the rise in demand for cloud computing. Machine learning, edge computing, and personalization is currently significant trend across several businesses.

To perform the complicated computations frequently required for personalization, such as to generate tailored suggestions, the cloud lowers the technological barriers associated with doing so. For instance, in October 2022, Oracle launched Oracle Alloy, a cloud infrastructure platform that allows service providers, installers, Independent Software Suppliers (ISVs), and other businesses, such as financial institutions or telecom providers. With Alloy, these businesses can provide a comprehensive range of cloud services, brand and customize the user experience, and package extra value-added offerings and apps to cater to the unique requirements of their markets and industry sectors. Vendors are focusing on launching new cloud solutions, services, & workloads, and enhancing the capabilities of their current ones to gain higher market share.

Companies often use strategies, such as mergers and acquisitions, to improve their industry position and cloud capabilities. For instance, in November 2022, Laminar, a cloud security services provider, announced a partnership with Amazon Web Services, Inc. with the expansion of the AWS Partner Network and the broad availability of its Cloud Data Security Platform on the AWS Marketplace. The AWS Marketplace is a retail website that customers may use to locate, purchase, deploy, and control third-party software, resources, and services for business solutions and to operate their businesses on AWS. The collaboration aims to make it simple for shared customers to use and access our cloud data security solutions at a time when Laminar is experiencing substantial growth.

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Cloud Computing Market Report Highlights

• The Infrastructure as a Service segment is expected to register the highest CAGR from 20230 to 2030 owing to the rising IaaS adoption, which is fueled by the growing need to simplify IT complexities, find qualified workers to manage IT infrastructures, and lower the cost of deploying data centers
• The small- and medium-sized business segment is expected to grow at the highest CAGR from 2023 to 2030 due to lower prices for IT software and hardware, increased processing power and storage elasticity, and increased mobility in accessing data and services. Over the forecast period, the industry growth is likely to be driven by the rising usage of cloud technology across SMEs in developing regions
• The hybrid deployment segment is anticipated to register the fastest CAGR from 2023 to 2030. To improve their cost optimization, business model, application development, operational efficiency, and user experience, industries are increasingly adopting hybrid models
• In the coming years, it is anticipated that the rapid adoption of edge computing will increase demand among companies worldwide for hybrid clouds
• The manufacturing end-use segment is expected to register the highest growth rate from 2023 to 2030 due to its advantages, such as seamless data management and real-time visibility. The manufacturing industry’s increasing use of cloud services for data storage, managing the supply chain, and organizing enterprise resources is anticipated to fuel the segment's growth over the forecasted period
• Asia Pacific is anticipated to experience the fastest CAGR from 2023 to 2030 due to SMEs and the increased attention of large-scale businesses on enhancing their digital activities

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

Cloud Computing Market Segmentation

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

Cloud Computing Service Outlook (Revenue, USD Billion, 2018 - 2030)

• Infrastructure As A Service (IaaS)
• Platform As A Service (PaaS)
• Software As A Service (SaaS)

Cloud Computing Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Public
• Private
• Hybrid

Cloud Computing Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprises
• Small & Medium Enterprises (SMEs)

Cloud Computing End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI
• IT & Telecom
• Retail & Consumer Goods
• Manufacturing
• Energy & Utilities
• Healthcare
• Media & Entertainment
• Government & Public Sector
• Others

Cloud Computing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Cloud Computing Market

• Adobe Inc.
• Alibaba Group Holding Ltd.
• com Inc.
• Cisco Systems, Inc.
• Dell Inc.
• Google LLC (Alphabet Inc.)
• Hewlett Packard Enterprise Development LP
• International Business Machines Corp.
• Microsoft Corp.
• Oracle Corp.
• com Inc.
• SAP SE
• Workday, 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.

IT Asset Disposition Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 IT Asset Disposition Market Growth & Trends

The global IT asset disposition market size is projected to be USD 54,535.4 million by 2030, according to the latest study conducted by Grand View Research, Inc. The market is expected to exhibit a CAGR of 13.3% from 2023 to 2030. The growth of the ITAD market can be attributed to the increasing e-waste and the rising requirement for recycling in consideration of sustainability and a green planet.

For instance, according to the Indian Ministry of Electronics and Information Technology, India generated 3.2 million tonnes of electronic waste in 2019, and only 10% of e-waste was taken up for recycling. Such an alarming figure has resulted in the demand for ITAD solutions, thereby driving the market’s growth.

Various companies have been coming up with ITAD solutions with enhanced capabilities, which can serve multiple industries. Moreover, companies operating in the ITAD market have also been involved in various strategic initiatives and R&D, among others, to improve their share in the ITAD market. For instance, in January 2023, ERI announced that it had become 100% carbon neutral for all its operational emissions across the U.S.

The company achieved this by implementing carbon-reducing measures such as energy-efficient lighting, using zero-emission vehicles, fleet management, and using electric forklifts, among others. 100% Carbon neutrality would help the company better position in the ITAD market, which would thereby help in driving the growth of the ITAD market over the forecast period.

Cloud transition is another significant aspect that has been pivotal in driving the growth of the IT asset disposition industry over the forecast period. Cloud migration's benefits include increased flexibility and agility, reduced costs, enhanced cybersecurity, simplified management, and disaster recovery. All these attributes have made it a go-to area for businesses operating in various industries.

Moreover, the presence of ITAD solution providers in the market who are equipped to assist in cloud migration services and ITAD has been a significant boost to the growth of the IT asset disposition industry. For instance, Apto Solutions Inc. offers cloud migration services, in which the company handles the existing hardware for carrying out the following operations.

• Data destruction
• Asset inventory
• Logistics to one of the company’s certified facilities

Post carrying out these operations, the company either sells or recycles the hardware component. The presence of companies that offers a total solution, as in the case of Apto Solutions Inc., has been a significant boon to the growth of the IT asset disposition industry.

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IT Asset Disposition Market Report Highlights

• The computers/laptops segment is expected to occupy the largest revenue share by asset type in 2030. The growth can be attributed to digitalization, especially in low-income countries, and rising internet users, among others
• The smartphone segment is expected to witness the highest CAGR by asset type during the forecast period. The growth can be attributed to increased smartphone sales, increasing internet penetration, and smartphones coming up with enhanced smartphones quite often, among others
• The IT & telecom industry is expected to occupy the largest share of the market in terms of end-use by 2030, owing to an increase in internet users, adoption of 5G technology, and increased demand for connectivity worldwide, among others
• Asia Pacific is projected to witness the highest CAGR from 2023 to 2030. The region is home to some tech giants such as Samsung, Sony Corporation, and LG electronics, among others. Moreover, the increasing digitalization in countries such as Indonesia, Vietnam, and Bangladesh is another factor contributing to the growth of the Asia Pacific region
• Global players include Apto Solutions Inc.; Dell Inc.; IBM Corporation; and Iron Mountain. These major players are embracing organic and inorganic growth strategies, which include product innovation, investments in R&D, and M&A activities to acquire a larger industry share

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

IT Asset Disposition Market Segmentation

Grand View Research has segmented the global IT asset disposition market based on asset type, end-use, and region:

IT Asset Disposition Asset Type Outlook (Revenue; USD Billion, 2018 - 2030)

• Computers/Laptops
• Smartphones and Tablets
• Peripherals
• Storages
• Servers
• Others

IT Asset Disposition End-use Outlook (Revenue; USD Billion, 2018 - 2030)

• BFSI
• IT & Telecom
• Government
• Energy and Utilities
• Healthcare
• Media and Entertainment
• Others

IT Asset Disposition Regional Outlook (Revenue; USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Singapore
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

List of Key Players in the IT Asset Disposition Market

• Apto Solutions Inc.
• CompuCom Systems, Inc.
• Dell Inc.
• Hewlett Packard Enterprise Development LP
• IBM Corporation
• Ingram Micro Services
• Iron Mountain
• ITRenew
• LifeSpan International Inc.
• Sims Lifecycle Services, 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.