Industrial Starch Market is Estimated To Attain USD 167.50 Billion by 2028

 Industrial Starch Market Growth & Trends

The global industrial starch market size is expected to reach USD 167.50 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.0% from 2020 to 2028. The increasing consumption of convenience food products, coupled with the growth of the pharmaceutical and paper industry, is anticipated to augment the demand for industrial starches.

The packaged food industry is witnessing rapid growth on account of the changing eating habits of consumers. Factors such as long working hours, increasing young working population, and convenient access to packed food with a rising number of large retail marts have contributed to the changing lifestyles of consumers. This trend has been boosting the growth of the food processing industry, thereby positively impacting the market growth.

Industrial Starch Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 102.46 billion
Revenue forecast in 2028	USD 167.50 billion
Growth Rate	CAGR of 7.0% from 2020 to 2028 (Revenue-based)
Market demand in 2021	69,115,408 metric tonnes
Volume forecast in 2028	108,674,356 metric tonnes

Governmental initiatives aimed at supporting the international trades and local production output of food and beverage products are further expected to support the industry growth. For instance, the government of Saudi Arabia introduced two initiatives worth USD 692.10 million each, post-COVID-19, for facilitating food imports and supporting the local farmers. European Commission passed a regulation (EC) No. 1333/2008, intended for the fortification of additives in the domestic food and beverage industry.

Players have been focusing on the development of starches providing enhanced texture and mouthfeel. Rising consumer preference for healthy, low fat, and low sugar products has impelled players to develop innovative product ranges with additional functionalities. For instance, in March 2021, Ingredion launched ULTRA-TEX 1311 modified potato starch. This starch can be used as an alternative to oil providing better sensory properties, and thereby suitable to be used in low-fat, reduced-fat, keto-friendly, and plant-based food applications.

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Industrial Starch Market Report Highlights

• In terms of source, wheat-based industrial starch is projected to expand at the highest revenue-based CAGR of 7.6% over the forecast period. Wheat starch finds a wide range of applications in the food and beverage, paper, paperboard, and textile industries. It is also used in cotton finishing and laundry sizing as it offers a stiffer finish at a lower temperature compared to corn starch
• By product, the native starch and starch derivatives and sweeteners segment held the largest revenue share of over 60.0% in 2020 and is expected to register the highest revenue-based CAGR over the forecast period. Starch-based sweeteners include maltose syrup, glucose, maltodextrin, liquid sorbitol, and dextrose monohydrate. The growing demand for sweeteners from the food and pharmaceutical market to mask the off-flavors and enhance the taste is expected to drive the industry
• Europe held the second-largest revenue share in 2020 and is expected to register a strong CAGR over the forecast period, which can be attributed to the growing applications of starch in the non-food industries. As per Starch Europe, about 41% of starch in Europe was consumed by non-food applications, whereas paper making was the key application area as of 2020
• Corn and wheat are the major sources of starch, however, players have been focusing on utilizing varied starch sources to offer well-differentiated products. For instance, in February 2021, Tate & Lyle PLC acquired an 85% stake in Chaodee Modified Starch Co., Ltd., engaged in tapioca starch manufacturing in Thailand. This is expected to expand the company’s portfolio in tapioca-based solutions
• Companies in the market have been focusing on expanding geographic reach and widening product portfolios to strengthen market presence. For instance, in December 2019, ADM announced the expansion of its starch portfolio for the Canadian market with a partnership with MCD N.V., a global distributor of specialty chemicals and food ingredients. The available products will be tapioca starch and corn starch, along with several other ADM solutions

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Industrial Starch Market Segmentation

Grand View Research has segmented the global industrial starch market on the basis of source, product, application, and region:

Industrial Starch Source Outlook (Volume, Metric Tonnes; Revenue, USD Million, 2017 - 2028)

• Corn
• Wheat
• Cassava
• Potato
• Others

Industrial Starch Product Outlook (Volume, Metric Tonnes; Revenue, USD Million, 2017 - 2028)

• Native Starch and Starch Derivatives & Sweeteners
• Cationic Starch
• Ethylated Starch
• Oxidized Starch
• Acid Modified Starch
• Unmodified Starch

Industrial Starch Application Outlook (Volume, Metric Tonnes; Revenue, USD Million, 2017 - 2028)

• Food & Beverage
  • Bakery & Confectionery
  • Dairy & Frozen Desserts
  • Beverages
  • Convenience Foods
  • Others
• Feed
• Pharmaceuticals
• Others

Industrial Starch Regional Outlook (Volume, Metric Tonnes; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa (MEA)
  • Saudi Arabia

List of Key Players of Industrial Starch Market

• Cargill, Incorporated
• Archer Daniels Midland Company
• Ingredion Incorporated
• Tate & Lyle PLC
• AGRANA Beteiligungs-AG
• Grain Processing Corporation
• Roquette Frères
• Tereos Group
• Royal Cosun
• Altia Industrial
• Global Bio-chem Technology Group Company Limited
• General Starch Limited
• Eiamheng
• Coöperatie Koninklijke Avebe U.A.
• Galam Group

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.

Epoxy Adhesives Market is Estimated To Reach A Valuation of USD 10.5 Billion by 2028: Grand View Research Inc.

 Epoxy Adhesives Market Growth & Trends

The global epoxy adhesives market size is expected to reach USD 10.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2021 to 2028. Increasing investments in electric vehicles (EVs) and solar and wind energy industries are the prominent factors attributed to the market growth during the projected period.

The industry is projected to experience significant growth owing to the growing emphasis on the incorporation of lightweight materials in the automotive and transportation industry. The usage of adhesives offers a reduction in the weight of the final product, which has become a crucial factor in the aerospace and automotive industries in recent years. Moreover, epoxy adhesives are used in various other industries as well, such as medical, sports tools, defense, and power and energy.

Epoxy Adhesives Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 7.2 billion
Revenue forecast in 2028	USD 10.5 billion
Growth Rate	CAGR of 5.6% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

A growing focus on sustainable solutions and increasing usage of mass timber in the construction industry is expected to bolster the consumption of adhesives, which is further anticipated to offer lucrative growth opportunities for the market. Furthermore, a surge in DIY home improvement activities has been witnessed during the COVID period, as people were spending more time at home. Thus, wide-scope applications in various industries make the market more lucrative.

The COVID-19 pandemic has impacted various commercial and industrial sectors, which led to a halt in new investments resulting in a downfall in global revenue. Moreover, with the continuing second and third waves of the virus, restrictions were seen in Q1 2021 as well. During the pandemic, the prices of raw materials have increased owing to a rise in logistic costs, unavailability of raw materials, and unfavorable weather conditions. It also adversely impacted the end-use industries which remained shut down during the pandemic. 

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Epoxy Adhesives Market Report Highlights

• By technology, the two component segment dominated the market and was estimated at USD 2.9 billion in 2020. The two component epoxies have excellent shear strength owing to different curing characteristics and provide an additional advantage of getting cured at room temperature, which aids to its consumption
• By application, the automotive and transportation segment dominated the market with a revenue share of over 42.0% in 2020. Growth in the EV industry and increasing consumption of adhesives over mechanical fasteners in vehicles is anticipated to boost the market growth
• The power and energy segment is anticipated to register the highest CAGR of 7.1%, in terms of revenue, during the forecast period. Adhesives are used to protect and bond sensitive mechanical and electrical components such as solar panels, charge controllers, and wind turbine blades in the energy industry
• Asia Pacific dominated the market and held the largest revenue share of over 45.0% in 2020. Increasing investments in the energy and automotive industries of the region are anticipated to further propel market growth across the forecast period

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Epoxy Adhesives Market Segmentation

Grand View Research has segmented the global epoxy adhesives market on the basis of technology, application, and region:

Epoxy Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• One Component
• Two Component
• Others

Epoxy Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Automotive & Transportation
• Building & Construction
• Power & Energy
• Electrical & Electronics
• Others

Epoxy Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Epoxy Adhesives Market

• 3M
• Ashland Global Holdings, Inc.
• Bostik
• Dow
• B. Fuller Company
• Henkel AG & Co. KGaA
• Mapei S.P.A
• Parker Hannifin Corp
• Permabond LLC
• Sika 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.

Cross-border B2C E-commerce Market Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 Cross-border B2C E-commerce Market Growth & Trends

The global cross-border B2C e-commerce market size is expected to reach USD 5,576.73 billion by 2030, expanding at a CAGR of 25.8% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growth is anticipated to be fueled by changing consumer buying habits, a growing urban population, and growing consumer awareness about e-commerce. As a result, customers are more likely to purchase goods from well-known international companies, frequently making more online purchases, a key factor driving the industry growth.

The introduction of modern e-commerce technology and the availability of protected payment alternatives and online transactions are expected to propel market growth. Furthermore, with the prevalence of social media applications, many marketing alternatives are available today, supporting the expansion of the global cross-border B2C e-commerce industry. The growing significance of online marketing platforms such as Google and Facebook ads fuel the growth.

Cross-border B2C E-commerce Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 888.57 billion
Revenue forecast in 2030	USD 5,576.73 billion
Growth rate	CAGR of 25.8% from 2022 to 2030
Base year of estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030

Cross-border e-commerce platforms offer ways for Small & Medium enterprises (SMEs) to develop by presenting access to a global and domestic customer base. For instance, nearly 70% of American SMEs utilize their web store or third-party online marketplace, according to Data Catalyst, with the bulk of those businesses opting to use several marketplaces. Therefore, the increasing demand for these services to connect customers with suppliers, make ordering more accessible and manage the delivery of items is expected to boost the market landscape over the forecast period.

The COVID-19 outbreak has contributed positively to the industry's growth as consumers prefer product purchases and transactions online. Moreover, e-commerce innovations have also facilitated quick online purchases. For instance, according to data insight from PayPal, through the deployment of innovative and secure e-commerce platforms, UPS and PayPal saw double-digit growth in their cross-border shipping business by the middle of 2020.

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Cross-border B2C E-commerce Market Report Highlights

• The assorted brands segment is anticipated to witness the fastest growth over the period. The segment is growing due to changing customer expectations and behaviors about online buying
• The digital wallets segment is expected to witness the fastest growth over the forecast period. The launch of global B2C payment platforms via digital wallets is anticipated to fuel the segment's expansion
• The apparel & accessories segment is estimated to dominate the market in 2021 and is expected to continue its dominance over the forecast period. The growing demand for online shopping of fashion clothing and accessories is anticipated to significantly boost the growth of the apparel & accessories segment
• Asia Pacific is expected to register rapid growth during the forecast period. The large consumer base in the region is anticipated to augment the growth during the forecast period

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Cross-border B2C E-commerce Market Segmentation

Grand View Research has segmented the global cross-border B2C e-commerce market based on offering, payment method, category, and region:

Cross-border B2C E-commerce Offering Outlook (Revenue, USD Billion, 2017 - 2030)

• In-House Brands
• Assorted Brands

Cross-border B2C E-commerce Payment Method Outlook (Revenue, USD Billion, 2017 - 2030)

• Digital Wallets
• Credit/Debit Cards
• Internet Banking
• Others

Cross-border B2C E-commerce Category Outlook (Revenue, USD Billion, 2017 - 2030)

• Entertainment & Education
• Apparel & Accessories
• Consumer Electronics
• Home Furnishing
• Personal Care & Beauty
• Healthcare & Nutrition
• Footwear
• Food & Beverage
• Others

Cross-border B2C E-commerce Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • South Korea
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)
  • The UAE
  • Saudi Arabia

List of Key Players in the Cross-border B2C E-commerce Market

• com, Inc.
• Alibaba Group Holding Limited
• eBay Inc.
• ASOS
• Jingdong JD.com
• com Ltd.
• Veepee
• Rakuten
• SIA Joom (Latvia)
• Zalando

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.

Food Grade Lubricants Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing

 Food Grade Lubricants Market Growth & Trends

The global food grade lubricants market size is expected to reach USD 657.2 million by 2028, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.6% from 2021 to 2028. The growth is majorly driven by rising demand from end-use industries and rising awareness for sustainable alternatives over petrochemical feedstock such as bio-based products coupled with expanding the food and beverages industry.

Bio-based lubricants have registered comparatively slower market growth in the past couple of decades due to their limited application scope, poor public image, higher prices, performance shortcomings, and more. However, with increased supply of high-performance, technologically advanced, cost-competitive lubricating products based on petroleum-based feedstock’s, synthetic bio-based formulations, the demand for bio-based products is picking up pace and is likely to achieve the highest growth rate over the coming years.

Food Grade Lubricants Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 368.3 million
Revenue forecast in 2028	USD 657.2 million
Growth Rate	CAGR of 8.6% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

The market is expected to grow continuously over the coming years owing to increasing demand from end-use industries such as foods, beverages, cosmetics, pharmaceuticals, and others, coupled with favorable government regulations, specifically in the Asia Pacific, Latin America, and the Middle East region. Products such as mineral oils, synthetic, and bio-based oils are widely used in various applications such as dairy, confectionery, sports drinks, bakery, and carbonated soft drinks.

In terms of supply and demand at a global level, manufacturers are inclined toward raw material procurement as the key raw materials used for the production: synthetic, mineral oils, and bio-based products are used in the formulation of lubricants. Major oil & gas companies are integrated manufacturers, which ensure steady raw material supply to manufacture mineral oils & additives needed for the production of lubricating oil products.

Increasing demand for grease and lubricants in modern machinery is expected to boost the overall market growth in European countries such as Russia, France, and Spain with well-established and developed manufacturing sectors. Consumers in the region are more aware of the health benefits of processed foods items which, in turn, is anticipated to positively impact the market demand over the forecast period. Moreover, advancements in the manufacturing sector, especially food processing, are likely to positively impact the growth of the product in the region.

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Food Grade Lubricants Market Report Highlights

• The mineral product segment accounted for the largest revenue share of nearly 61.0% in 2020 owing to low cost of the product as compared to its counterparts
• Asia Pacific is poised to reflect highest revenue-based CAGR of 10.3% over the forecast period due to changing trends of the food industry and growing consumer acceptance of processed food in countries like China, India, Japan, and others
• The food application segment dominated the market and accounted for the largest revenue share of approximately 65.0% in 2020 owing to rising demand for processed food products, especially in the developing economies
• Increasing mergers and acquisitions and new product development by key industry participants are factors anticipated to pave way for higher demand for food-grade lubricants products worldwide for the next couple of years
• The market is highly competitive in nature due to the presence of a large number of multinationals focusing on R&D activities, capacity expansions, signing partnership agreements with distributors, and various other operational strategies to gain an edge in the competitive market space

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Food Grade Lubricants Market Segmentation

Grand View Research has segmented the global food grade lubricants market on the basis of product type, application, and region:

Food Grade Lubricants Product Type Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Mineral
• Synthetic
• Bio-based

Food Grade Lubricants Application Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Food
  • Bakery
  • Confectionery
  • Dairy
  • Meat, Poultry, & Seafood
  • Sauces & Dressings
  • Others
• Beverage
  • Carbonated Soft Drinks
  • Fruit Beverages
  • Sports Drinks
  • Alcoholic Beverages
  • Others
• Pharmaceuticals
• Cosmetics
• Others

Food Grade Lubricants Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • South East Asia
• Central & South America
  • Brazil
  • Argentina
  • Columbia
  • Peru
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players of Food Grade Lubricants Market

• Exxon Mobil Corporation
• CITGO Petroleum Corporation
• Total S.A.
• Petro-Canada Lubricants Inc
• Chevron Corporation
• Dow
• Royal Dutch Shell
• Lanxess Corporation
• Fuchs Group

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.

Super Absorbent Polymer Market is Anticipated to Upgrade USD 15.18 Billion Revenue By 2030: Grand View Research Inc.

 Super Absorbent Polymer Market Growth & Trends

The global super absorbent polymer market size is expected to reach USD 15.18 billion by 2030, registering a CAGR of 6.4% according to a new report by Grand View Research, Inc. Growing demand from various application sectors such as baby diapers, adult incontinence products, agriculture, and female hygiene products is expected to drive the overall market growth over the forecast period.

Super absorbent polymers (SAPs) is a key component of baby diapers. SAPs are used to retain and absorb fluids under moderately high pressure. Emerging regions including Central & South America and Asia Pacific are expected to witness a brisk demand for baby diapers owing to different factors including rising disposable income, growing population, and increasing awareness regarding the benefits of synthetic baby diapers, which are projected to play a key role in driving the regional and global SAPs market.

Super Absorbent Polymer Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 9.81 billion
Revenue forecast in 2030	USD 15.18 billion
Growth rate	CAGR of 6.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

Life expectancy statistics have sharply increased as a result of factors like constantly developing medical infrastructure, technology developments, and expanding accessibility to medical treatments. Growing life expectancy is presumed to further assist the adult incontinence product market and, in turn, boost the growth of the SAPs market.

Super absorbent polymers find key applications in agriculture industry owing to their water absorbing and water retention properties, making them ideal for agricultural applications, particularly in water-scarce regions. These super absorbent polymers enhances water use efficiency as well as the crop yield. Problems such as diversified soil characteristics, paucity of large cultivable land, and underprivileged conditions of farmers result in an inability to adopt advantageous and latest technologies and agricultural methods.

Different manufacturers are obtaining certifications for super absorbent polymers. For instance, in July 2021, Nippon Shokubai obtained biomass certification for super absorbent polymers from International Sustainability and Carbon Certification (ISCC) with the goal of achieving carbon neutrality by 2050.

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Super Absorbent Polymer Market Report Highlights

• In terms of revenue, Asia Pacific dominated the market with a revenue share of more than 38.0% in 2022 and is projected to expand at a CAGR of 7.0% over the forecast period. Increasing demand from various application segments in Asia Pacific region particularly in China and India are likely to drive market growth at a faster pace
• The personal hygiene segment dominated the market in terms of revenue with a market share of more than 63.0% in 2022. Super absorbent polymers are majorly utilized in hygiene products including baby diapers, female hygiene products, adult incontinence products and other applications including personal disposable hygiene products
• The agriculture segment is projected to augment at a CAGR of 6.1% over the forecast period on account of ongoing extensive research conducted by agricultural and government agencies in countries such as the U.S., China, and India regarding the novel agricultural applications of super absorbent polymers
• The sodium polyacrylate segment dominated the market in terms of revenue with a market share of more than 84.0% in 2022. The majority SAPs are made of sodium polyacrylate and are available in granular form or as fibers. Sodium polyacrylate is utilized in hygiene applications owing to its enhanced liquid absorption capability

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Super Absorbent Polymer Market Segmentation

Grand View Research has segmented the global super absorbent polymer market on the basis of type, application, and region:

Super Absorbent Polymer Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Sodium Polyacrylate
• Polyacrylate/Polyacrylamide
• Others

Super Absorbent Polymer Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Personal hygiene
  • Adult Incontinence Products
  • Female Hygiene Products
  • Baby Diapers
• Agriculture
• Medical
• Industrial
• Others

Super Absorbent Polymer Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Southeast Asia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates (UAE)
  • South Africa

List of Key Players in Super Absorbent Polymer Market

• BASF SE
• LG Chem
• Formosa Plastic Corporation
• SANYO CHEMICAL INDUSTRIES, LTD.
• SONGWON
• Evonik Industries AG
• KAO Corporation
• Nippon Shokubai Co., Ltd.
• Sumitomo Seika Chemicals Co. Ltd.
• Yixing Danson Technology

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.

Banking-as-a-Service Market Industry Analysis , Opportunity Assessment And Forecast Till 2030: Grand View Research Inc.

 Banking-as-a-Service Market Growth & Trends

The global banking-as-a-service market size is expected to reach USD 74.55 billion by 2030, growing at a CAGR of 16.2% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The global industry is accelerating due to the growing digitalization in banks and the simplification of financial services. In addition, the expansion of the Banking-as-a-Service (BaaS) industry is positively impacted by advancements in fund transaction services across the U.S. and several emerging countries. For instance, in October 2021, a Brazilian fintech company, Dock acquired BPP Payment Institution SA (Brasil Pré-Pagos), an e-payments service provider. With this acquisition, Dock will strengthen its payments and digital banking services in Brazil.

Banking-as-a-Service Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 22.49 billion
Revenue forecast in 2030	USD 74.55 billion
Growth rate	CAGR of 16.2% from 2022 to 2030
Base year of estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030

The acquisition of BPP Payment Institution SA is expected to increase the competitiveness of its full-stack Banking-as-a-Service (BaaS) offering and speed up integrations. Moreover, in June 2022, Raisin Bank, a German BaaS operator, agreed to purchase Bankhaus August Lenz unit, a German private bank. With this acquisition, Raising Bank enters into the payments business. Raisin Bank will be able to provide its partners and their clients with electronic payment transactions in addition to cash solutions. Working with large bank-independent operators as well as merchants, restaurants, and gas station chains, the company will have access to more than 4500 ATMs in Germany.

The utilization of e-commerce platforms has significantly increased since the outbreak of the COVID-19 pandemic, which has augmented the demand for online payment technologies to share financial information with consumers. In addition, banks and fintech companies are becoming more interested in BaaS platforms to improve their core processes and offer secure contactless payments to expedite their transaction process. Moreover, the demand for BaaS is anticipated to rise as the bank and fintech sectors are inclined toward streamlining their operations to improve clients’ digital experiences post-pandemic.

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Banking-as-a-Service Market Report Highlights

• The platform segment dominated the industry in 2021 due to the increased adoption of digital financial services, including banking, payment transactions, mutual funds, portfolio management, and portfolio management. The increasing adoption of these services is driving companies to adopt BaaS platforms to deliver a better client experience
• The cloud-based BaaS segment dominated the industry in 2021 on account of the growing adoption of cloud-based BaaS platforms by businesses for streamlining digital operations
• The large enterprise segment led the industry in 2021 due to the rising investments by large enterprises in banking capabilities to enhance customer service
• The NBFC segment is anticipated to witness the fastest CAGR over the forecast period as businesses can use the trust to grow their customer base by collaborating with banks
• Asia Pacific is expected to register the fastest CAGR over the forecast period due to the development of IT infrastructure and growing emphasis on financial inclusion

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Banking-as-a-Service Market Segmentation

Grand View Research has segmented the global banking-as-a-service market based on component, product type, enterprise size, end use, and region:

Banking-as-a-Service Component Outlook (Revenue, USD Million, 2017 - 2030)

• Platform
• Services

Banking-as-a-Service Product Type Outlook (Revenue, USD Million, 2017 - 2030)

• API-based Banking-as-a-Service
• Cloud-based Banking-as-a-Service

Banking-as-a-Service Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises
• Small & Medium Enterprises

Banking-as-a-Service End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Banks
• NBFC
• Government
• Others

Banking-as-a-Service 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 (MEA)

List of Key Players of Banking-as-a-Service Market

• Green Dot Bank
• Solarisbank AG
• PayPal Holdings, Inc.
• Fidor Solutions AG
• Moven Enterprise
• The Currency Cloud Ltd.
• Treezor
• Bnkbl Ltd.
• MatchMove Pay Pte Ltd.
• Block, Inc.

About Grand View Research

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

AI In Retail Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 AI In Retail Market Growth & Trends

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

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

AI In Retail Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 7.34 billion
Revenue forecast in 2030	USD 40.74 billion
Growth rate	CAGR of 23.9% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030

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

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

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

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

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AI In Retail Market Report Highlights

• The chatbots segment is projected to advance at the fastest CAGR of 30.0% from 2022 to 2030, owing to the rising prominence of advanced technologies, such as voice recognition programs
• The Customer Relationship Management(CRM) segment held the largest revenue share in 2021, due to surging demand to boost customer retention and return on investments. CRM will also gain traction due to seamless communication, social media integration, and data collection for retail businesses
• Natural language processing (NLP) will grow with an uptick in data analysis and the trend of mobile interfaces and touchscreens. For instance, NLP will remain instrumental in sentiment analysis to analyze customer messages, call center interactions, online reviews, and social media posts
• Asia Pacific will contribute significantly to the global market growth during the assessment period. The growth outlook is mainly due to investment in cutting-edge technologies to streamline the supply chain

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

AI In Retail Market Segmentation

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

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

• Solution
• Services

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

• Machine Learning
• Natural Language Processing
• Chatbots
• Image and Video Analytics
• Swarm Intelligence

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

• Omnichannel
• Brick and Mortar
• Pure-play Online Retailers

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

• Customer Relationship Management (CRM)
• Supply Chain and Logistics
• Inventory Management
• Product Optimization
• In-Store Navigation
• Payment and Pricing Analytics
• Virtual Assistant

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

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

List of Key Players in the AI In Retail Market

• NVIDIA Corporation
• Microsoft Corporation
• Google LLC
• IBM Corporation
• SAP SE
• Oracle Corporation
• Sentient technologies
• Intel Corporation
• Salesforce, Inc.

About Grand View Research

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

Data Fabric Market Competitive Insight and Key Drivers 2022 to 2030: Grand View Research Inc.

 Data Fabric Market Growth & Trends

The global data fabric market size is expected to reach USD 8.49 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 21.2% from 2022 to 2030. In an extensive data system, data fabric is one of the most significant architectures, providing seamless, real-time integration and access across diversified data silos. There is a considerable growth opportunity in the market that will revolutionize how data is collected, analyzed, and managed.

Data analytics and big data play a more significant role in driving the growth of the global market since they integrate disparate sources of data and provide analytics on them. As data accessibility and business agility become more critical, there is an increase in the adoption of data fabric platforms, which give tools access to data through a wide range of interfaces. However, a lack of data fabric awareness and the absence of a skilled workforce are some factors that hamper the market's growth to a certain extent. In addition, digitalization is a lucrative opportunity for the market growth of data fabrics in emerging economies worldwide.

Data Fabric Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 1,821.0 million
Revenue forecast in 2030	USD 8.49 billion
Growth rate	CAGR of 21.2% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030

Traditional programs could be replaced by experiences powered by metadata owing to an accurate data fabric. Although the end user may not recognize the distinction between such experiences and APIs, developing the architecture is easy. The data fabric's network effects, such as data catalog, data integration, and data management, are its most promising feature. A genuine data fabric improves efficiency as it is used more frequently.

The COVID-19 epidemic has only accelerated the market for data fabric's strategic orientation. Data and analytics executives understand that they require automation help rather than continuing to invest in human data integration. Teams that integrate data are constantly changing. The volume of data and, thus, the number of requirements for data integration are increasing exponentially even as team sizes are decreasing. This disparity between supply and demand shows that automation and augmentation must be urgently prioritized. The data fabric architectural design, a crucial use case for this year, must be given increased attention to supporting augmented data integration.

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Data Fabric Market Report Highlights

• Europe is expected to witness significant growth over the forecast period. The significant factors contributing to the market's development include increasing volume and variety of business data
• Government regulations and data security abiding laws are expected to act as a catalyst in driving the fraud detection and security management segment
• Data fabric utilizes ML capabilities of data integration, knowledge graphs, and active metadata enabling faster access to trusted data across distributed landscapes
• Asia Pacific is anticipated to witness the highest CAGR during the forecast period. Growing AI and ML adoption across the industries in the region is expected to support the growth

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

Data Fabric Market Segmentation

Grand View Research has segmented the global data fabric market based on component, deployment, type, enterprise size, business applications, industry, and region:

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

• Solution
• Services

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

• On-premise
• Cloud

Data Fabric Type Outlook (Revenue, USD Million, 2017 - 2030)

• Disk-based Data Fabric
• In-memory Data Fabric

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

• Small and Medium Enterprise
• Large Enterprise

Data Fabric Business Applications Outlook (Revenue, USD Million, 2017 - 2030)

• Fraud Detection and Security Management
• Governance, Risk and Compliance Management
• Customer Experience Management
• Sales and Marketing Management
• Business Process Management
• Other Applications

Data Fabric Industry Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• Telecommunications & IT
• Retail & Ecommerce
• Healthcare
• Manufacturing
• Transportation & Logistics
• Media & Entertainment
• Others

Data Fabric Region Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Data Fabric market

• Atlan Pte. Ltd
• IBM
• Oracle
• Talend
• SAP
• Informatica Inc.
• Cloudera Inc.
• TIBCO Software Inc.
• Amazon Web Services, Inc.
• world, 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.