Medical Device Packaging Market to Witness Exponential Growth by 2028: Grand View Research Inc.

 Medical Device Packaging Market Growth & Trends

The global medical device packaging market size is expected to reach USD 48.97 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2020 to 2028. The market growth is attributed to the growing demand for medical devices, such as surgical implants and instruments, medical supplies, electro-medical equipment, and in-vitro diagnostic equipment. The increasing aging population that requires advanced medical treatments, coupled with the unhealthy lifestyles of people, has been resulting in the high prevalence of chronic diseases.

These medical device packaging products are manufactured through various technologies, such as heat seal and sterilization, in order to ensure product safety and convenience in use. Furthermore, several other technologies such as seal peal and counterfeit have been utilized by the manufacturers in order to hinder counterfeit and duplicate products in the market. These counterfeit technologies are also used to track the products and offer complete protection against counterfeiting through unique numbering/ serialization.

Medical Device Packaging Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 32.18 billion
Revenue forecast in 2028	USD 48.97 billion
Growth Rate	CAGR of 6.4% from 2020 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2020 - 2028

The medical device packaging industry is concentrated in the developed countries, including the U.S., Germany, the U.K., and China. due to the large production volumes of medical devices in the aforementioned countries. However, the investments in the medical device industry in developing countries, such as India and Brazil, have been growing in recent years, which is expected to benefit the market growth in the coming years.

In vitro diagnostic (IVD) devices witnessed a massives pike in demand in 2020 amid the COVID-19 outbreak. This was due to the amplified demand for infectious disease tests undertaken by countries, such as the U.S., India, China, and the U.K. The countries significantly invested in COVID-19 testing to curb the spread of the coronavirus.

The key companies operating in the market are involved in the acquisition of medium and small size companies aiming to expand their product portfolio and increase manufacturing capacity. For instance, in October 2020, CCL Industries signed an agreement to acquire Denmark-based Graphic West International ApS. The acquisition was aimed to expand the capability to serve healthcare customers in Europe and North America.

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Medical Device Packaging Market Report Highlights

• In terms of material, metal is expected to register the highest growth rate of 7.2% over the forecast period. The aluminum-based boxes, trays, and flexible pouches are prominently used products in the industry and offer an effective barrier against moisture, oxygen, and light
• By product, pouches and bags dominated the market with a share of over 35.0% in 2020. This is attributed due to the flexible feature that can accommodate medical devices of various shapes and sizes. Their small size and high product-to-package ratio enable easy storage and handling of medical devices
• In terms of application, IVDs are expected to expand at the fastest CAGR from 2020 to 2028 due to the increasing demand for infectious disease diagnostic instruments and reagents. This is due to the high demand for the aforementioned medical devices during the ongoing COVID-19 pandemic
• Europe emerged as the dominant regional market in 2020. This is due to the presence of several medical device producers that manufacture IVD test kits, ventilators, and other diagnostic devices in the countries, such as the U.K. and Germany
• Key players in the market are involved in mergers and acquisitions and geographical expansions

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Medical Device Packaging Market Segmentation

Grand View Research has segmented the global medical device packaging market on the basis of material, product, application, and region:

Medical Device Packaging Material Outlook (Revenue, USD Million, 2017 - 2028)

• Plastic
• Paper & Paperboard
• Metal
• Others

Medical Device Packaging Product Outlook (Revenue, USD Million, 2017 - 2028)

• Pouches & Bags
• Trays
• Boxes
• Clamshells
• Others

Medical Device Packaging Application Outlook (Revenue, USD Million, 2017 - 2028)

• Equipment & Tools
• Devices
• IVD
• Implants

Medical Device Packaging Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Medical Device Packaging Market

• Amcor plc
• Sonoco Products Company
• Mondi
• CCL Industries
• Constantia Flexibles
• WestRock Company
• Berry Global Inc.
• Glenroy Inc.
• SteriPack Group
• Riverside Medical Packaging Company 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.

Stainless Steel Market Poised to Garner Maximum Revenues During 2023 – 2030: Grand View Research Inc.

 Stainless Steel Market Growth & Trends

The global stainless steel market size is expected to reach USD 197.29 billion by 2030, registering a CAGR of 7.4% during the forecast period, according to a new report by Grand View Research, Inc. Higher penetration of the product and its vital importance in numerous applications is expected to support the market growth, during the forecast period.

Stainless steel has extensive utilization in the automotive sector because of its visual appeal and corrosion resistance properties. Corrosion resistance helps its use in catalytic converters and exhaust silencers. These parts face exhaust gas attacks from the inner side and road dirt, salt, and water from the external side. In such cases, stainless steel is the best suitable material. Automotive applications of the product include fuel tanks, trim, gaskets, suspension systems, and bodies of the buses.

Stainless Steel Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 117.63 billion
Revenue forecast in 2030	USD 197.29 billion
Growth rate	CAGR of 7.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

Characteristics of diverse stainless steel materials depending upon the application make them advantageous and preferable when compared to other materials. This is a major reason for their growing demand. For example, if we compare steel and aluminum since they are often considered alternatives in many applications, steel is preferable over aluminum because of its low cost, strength, and less likely to damp, bent, or warp.

Numerous applications have propelled the demand for stainless steel during these years and by enlargement in the end-use industries, the need for these materials is expected to increase further at a rapid rate. As a result, the production of the commodity is carried out on a large scale where iron ore is the key raw material. This ore is mined from the earth’s crust.

The increasing demand together with certain disadvantages, associated with conventional production processes such as the negative environmental effect of iron ore mining, has compelled vendors to opt for an alternative step, which is recycling. The phenomenal property of stainless steel can be recycled frequently without having any impact on the quality eventually promoting the stainless steel scrap industry.

Stainless steel scrap recycling has various benefits economically and environmental. Every ton of recycled steel saves 1.5 tons of iron ore, and 0.5 tons of coal, and reduces water consumption by 40.0%. In addition, carbon dioxide emissions are reduced by 50-60%. As a result, the advantages of metal recycling along with increasing demand for stainless steel in end-use applications are propelling the growth of the stainless steel market.

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Stainless Steel Market Report Highlights

• In terms of revenue, the Asia Pacific was the largest region in 2022 and is projected to remain the fastest-growing market during the forecast period. The region accounted for more than 68.0% of the total revenue in 2022 on account of industrial production for automotive, marine, construction, and consumer goods in the countries such as China, India, and Japan
• 300 series segment is projected to exhibit a CAGR of 7.7%, in terms of revenue, during the forecast period. The market is likely to be driven by the aerospace and marine industries on account of its properties such as thermal resistance and corrosion resistance
• Flat products segment accounted for a volume share of nearly 74.0% in 2022. The segment is projected to grow on account of the demand in consumer goods along with machinery & equipment industries, which is supported by the properties of stainless steel such as concentricity, straightness, and tolerance
• Building & construction application segment is likely to observe a lucrative growth of 7.6% during the forecast period on account of massive investment in infrastructure and housing sectors by the countries such as the U.S., China, and India
• The competitive rivalry within the industry is projected to increase with rising mergers & acquisitions, capacity expansion, in addition to network distribution

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Stainless Steel Market Segmentation

Grand View Research has segmented the global stainless steel market based on the grade, product, application, and region:

Stainless Steel Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• 200 series
• 300 series
• 400 series
• Duplex series
• Others

Stainless Steel Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Flat
• Long

Stainless Steel Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Mechanical Engineering & Heavy Industries
• Others

Stainless Steel Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in Stainless Steel Market

• Acerinox S.A.
• Aperam Stainless
• ArcelorMittal
• Baosteel Group
• Jindal Stainless
• Nippon Steel Corporation
• Outokumpu
• POSCO
• ThyssenKrupp Stainless GmbH
• Yieh United Steel Corp.

About Grand View Research

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

Squalene Market Set to Witness an Uptick during 2023 to 2030: Grand View Research Inc.

 Squalene Market Growth & Trends

The global squalene market size is expected to reach USD 307.88 million by 2030, as per the new report by Grand View Research, Inc., expanding at a CAGR of 10.9% from 2022 to 2030. The industry is majorly driven by rising health awareness among the masses and continuously rising demand for squalene in personal care and cosmetics. Squalene acts as an emollient and provides nourishment to the skin. Moreover, it finds application in pharmaceuticals due to its ability to act as an anti-cancer and anti-oxidant agent. 

Squalene is now largely produced from plants. It can be obtained from vegan sources such as sugarcane, rice bran, wheat germ, palm trees, and olives, with olives being the most popular. Although many businesses prefer squalene derived from plants, there is still a possibility that it comes from animals. The demand for the product from shark liver oil is still in the market because of its low cost. In the cosmetics industry, products such as perfumes, lotions, eyeliners, and eye shadows, contain squalene in the range of 0.1% to 10%, whereas other products such as foundations and lipsticks contain 50% of the product.

Squalene Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 149.4 million
Revenue forecast in 2030	USD 307.88 million
Growth rate	CAGR of 10.9 % from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

The usage of synthetic and plant-based squalene has been motivated by the growing concerns over the extinction of sharks. To create squalene from plants or synthetic processing, manufacturers are engaged in research & development. A supplier of natural component products for the cosmetics market, Sophim, invested USD 11.94 million to increase its production capacity. Two-thirds of the company's investment is to be made in Spain, where a production facility is planned to be built to treble the amount of squalene that can be extracted from olive oil.

With their antioxidant and anti-aging characteristics, squalene supplements can restore our skin, maintain cholesterol levels, and help in treating inflammation. They provide cells with the oxygen they require for proper metabolism and energy production at the cellular level. These supplements are also known to combat viruses, colds, and infections, thus improving overall health and well-being. With the onset of the COVID-19 pandemic, people have become more conscious about their health and immunity, thus increasing the demand for squalene in the pharmaceutical industry.

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Squalene Market Report Highlights

• Rising usage of natural chemical-free ingredients in personal care and cosmetics and increased awareness regarding the benefits of squalene for health and body are driving the market
• Europe dominated the global market with a revenue share of over 30.0% in 2021 owing to large olive oil production, which is an important source of squalene
• The plant source segment held a dominant revenue share of over 80.0% in 2021. This is attributed to rising government regulations for protecting marine life
• The personal care and cosmetics segment emerged as the largest end-use segment with a revenue share of over 70.0% in 2021. This can be attributed to the increasing usage of squalene in various personal care products such as bath oils, hair care products, lotions and moisturizers, deodorants, anti-aging creams, eye shadows and liners, balms, sunscreen products, and derma-cleaners
• In the pharmaceutical industry, squalene is widely used for various vaccine and drug delivery emulsions owing to its biocompatibility and stability-enhancing effects. In vaccines, it is used as an oil-in-water emulsion form, coupled with some adjuvants and stimulants of the immune system
• Companies are involved in strategic initiatives such as mergers and new product launches to maintain their market position

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

Squalene Market Segmentation

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

Squalene Source Outlook (Volume, Tons; Revenue, USD Million, 2015 - 2030)

• Animal
  • Shark Liver Oil
  • Others
• Plants
  • Amaranth Oil
  • Olive Oil
  • Rice Bran Oil
  • Others
• Synthetic

Squalene End-use Outlook (Volume, Tons; Revenue, USD Million, 2015 - 2030)

• Pharmaceuticals
• Personal Care & Cosmetics
• Nutraceuticals
• Food & Beverages
• Others

Squalene Regional Outlook (Volume, Tons; Revenue, USD Million, 2015 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
  • Portugal
  • Benelux
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Vietnam
  • Thailand
  • Indonesia
  • Philippines
  • Singapore
  • Australia
  • New Zealand
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa

List of Key Players of Squalene Market

• Amyris, Inc.
• SOPHIM
• KISHIMOTO SPECIAL LIVER OIL CO., Ltd.
• Arbee
• Oleicfat
• Aasha-Biochem
• Efpbiotek
• Vestan S.A.
• Henry Lamotte Oils GmbH
• Croda International Plc
• KURARAY CO., 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.

Subscription Billing Management Market Growth in the Coming Years

 Subscription Billing Management Market Growth & Trends

The global subscription billing management market size is expected to reach USD 17.95 billion by 2030, registering a CAGR of 16.1% during the forecast period, according to a new report by Grand View Research Inc. The growing adoption of the billing management and subscription models in utilities, media & entertainment, and the public sector will create more growth opportunities for the subscription billing management industry during the forecast period.

Service providers in these industries are focused on providing high-quality and better solutions to clients. Additionally, the desire to reduce operating expenses and the demand for cloud-based software would further broaden the scope of the market for subscription billing management.

Several subscription billing management service providers also provide periodic bill payments, which can be obtained by attaching the user's debit and credit cards or bank account. This ensures that greater importance is needed on adding a high level of security to each payment process to gain more trust from the customer and avoid financial ramifications in the event of hacking or fraud.

The subscription model is also gaining importance across the travel industry. Travel companies are shifting to this model to offer cheaper travel to frequent travelers and save their time at ticket counters. Major commercial airlines are making efforts to introduce subscription services to boost customer loyalty and retention. For instance, in October 2019, Delta airlines announced the launch of a paid membership option named SkyMiles Select for members of SkyMiles. SkyMiles Select is an annual membership worth USD 59, which provides travelers unlimited priority boarding, a special bag tag, and eight free onboard drinks every year.

The outbreak of the COVID-19 pandemic had a moderately positive impact on the demand for subscription billing management software. Companies worldwide are expected to adapt to new customer norms and new business models. They need to respond to long-term social changes, including how customers select products and channel preferences. Changes in customer behavior are expected to accelerate the need to integrate enhanced digital payment solutions into subscription billing management platforms.

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Subscription Billing Management Market Report Highlights

• Subscription order management held the largest share in the software segment, as it helps companies in winning new customers by providing subscriptions containing the appropriate mix of products, recurring and one-time services, and third-party content
• Professional services held the largest share in the services segment as they help businesses in installing the software, aligning the software with the existing systems, and operating the software efficiently
• The cloud segment is expected to continue its dominance over the forecast period, as cloud deployment can potentially make the subscription management process more efficient
• Various factors, such as the increasing adoption of cloud-based solutions across the U.S., have resulted in the increased automation of subscription methods in the North American regional market

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Subscription Billing Management Market Segmentation

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

Subscription Billing Management Software Outlook (Revenue, USD Million, 2017 - 2030)

• Credit And Collection Management
• Receivables Management
• Quote And Pricing Management
• Subscription Order Management
• Dispute Management
• Others

Subscription Billing Management Services Outlook (Revenue, USD Million, 2017 - 2030)

• Professional Services
• Managed Services

Subscription Billing Management Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premise

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

• Large Enterprises
• Small & Medium Enterprises

Subscription Billing Management End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• Retail & E-Commerce
• IT & Telecom
• Media & Entertainment
• Healthcare
• Others

Subscription Billing Management Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Subscription Billing Management Market

• Aria Systems, Inc.
• Oracle
• BluSynergy
• SAP SE
• Conga
• Recurly, Inc.
• Gotransverse
• cleverbridge
• Zuora Inc.
• LogiSense Corporation

About Grand View Research

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

Artificial Intelligence In Cybersecurity Market With Strong Application and Scope By 2030

 Artificial Intelligence In Cybersecurity Market Growth & Trends

The global artificial intelligence in cybersecurity market size is estimated to reach USD 93.75 billion by 2030, expanding at a CAGR of 24.3% from 2022 to 2030, according to a new study by Grand View Research, Inc. An unprecedented spike in cyber incidents has fostered the demand for AI, cloud, and machine learning for seamless operations, data safety and prompt response to cyber threats. Some factors, such as soaring internet penetration, expanding footfall of connected devices, and escalating data protection concerns, have triggered the need for advanced cybersecurity solutions.

Artificial intelligence (AI) in cybersecurity has leveraged a faster response to breaches and propelled the efficiency of cyber analysts. AI is likely to be sought for vulnerability management, threat hunting, and boosting network security. In doing so, emphasis on natural language processing, machine learning, deep learning, and neural networks could gain ground during the assessment period. For instance, deep learning has become trendier to track transactions, logs, and real-time data to detect threats. AI is highly sought-after to secure cloud services and on-premises architecture and spot abnormal user behavior.

Natural language processing could remain a value proposition to foster the penetration of AI technologies in cyberspace. The trend for natural language inference, sentiment analysis, and text summarization will bode well for major companies gearing to reinforce artificial intelligence in the cybersecurity market share. Prominently, NLP has received impetus for fake news detection, clickbait detection, and rumor detection. Leading companies are likely to bank on NLP to detect malicious language and domain names produced for phishing scams.

Stakeholders predict North America to witness investments galore, on the heels of the high footprint of connected devices, IoT, and 5G. Moreover, the possibility of DDoS attacks and the growing prominence of IoT-enabled activities have prompted major players to bank on cutting-edge technologies to deter cyber incidents. To illustrate, in August 2019, Microsoft was reported to have alleged Russian hackers using IoT devices to breach enterprise networks. Industry participants expect bullish investments in machine learning platforms, threat hunting, and advanced analytics. Besides, Microsoft Security blocked over 35.7 billion phishing and malicious emails and more than 9.6 billion malware threats in 2021.

The competitive landscape alludes to an increased emphasis on organic and inorganic growth strategies, including mergers & acquisitions, product offerings, technological advancements, collaborations, and innovations. For instance, in July 2022, Darktrace rolled out Darktrace PREVENT to assist organizations in pre-empting cyber-attacks. Meanwhile, in August 2022, it was reported that Thoma Bravo was contemplating acquiring Darktrace. In February 2019, BlackBerry completed the acquisition of Cylance to bolster its footprint in AI cybersecurity.

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Artificial Intelligence In Cybersecurity Market Highlights

• In terms of type, the cloud security segment will contribute notably toward the global market in the wake of the rising prominence of AI and machine learning
• Based on vertical, the BFSI sector will exhibit profound demand for AI in cybersecurity to resist cyberattacks and prevent data leaks
• North America AI in cybersecurity market share will be pronounced due to threats to mobile devices and soaring penetration of IoT and 5G in the region
• Some major players, such as IBM Corporation, Cylance Inc. (BlackBerry), Acalvio Technologies, Inc, Intel Corporation, Amazon Web Services, Inc., FireEye, Inc., LexisNexis, Fortinet, Inc., Micron Technology, Inc., and Darktrace are poised to boost their portfolios in the coming years

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Artificial Intelligence In Cybersecurity Market Segmentation

Grand view research has segmented the global artificial intelligence in cybersecurity market in terms of type, offering, technology, application, vertical, and region:

AI In Cybersecurity Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Network Security
• Endpoint Security
• Application Security
• Cloud Security

AI In Cybersecurity Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Services

AI In Cybersecurity Technology Outlook (Revenue, USD Billion, 2017 - 2030)

• Machine Learning
• Natural Language Processing (NLP)
• Context-aware computing

AI In Cybersecurity Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Identity And Access Management
• Risk And Compliance Management
• Data Loss Prevention
• Unified Threat Management
• Fraud Detection/Anti-Fraud
• Threat Intelligence
• Others

AI In Cybersecurity Vertical Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI
• Retail
• Government & Defense
• Manufacturing
• Enterprise
• Healthcare
• Automotive & Transportation
• Others

AI In Cybersecurity Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Artificial Intelligence In Cybersecurity Market

• Acalvio Technologies, Inc
• Amazon Web Services, Inc.
• Cylance Inc. (BlackBerry)
• Darktrace
• FireEye, Inc.
• Fortinet, Inc.
• IBM Corporation
• Intel Corporation
• LexisNexis
• Micron Technology, 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.

Endpoint Detection And Response Market Predicted to Witness Steady Growth During the Forecast Period

 Endpoint Detection And Response Market Growth & Trends

The global endpoint detection and response market size is expected to reach USD 16.89 billion by 2030, expanding at a CAGR of 24.9% from 2023 to 2030, according to a recent report by Grand View Research, Inc. The market for endpoint detection and response (EDR) is expected to continue its growth in the coming years due to the increasing adoption of servers, network devices, and mobile devices in the workplace and the need to secure and manage them. 

Furthermore, the growing demand for cloud-based EDR solutions across BFSI and IT & telecom industries has fueled the demand for the market. Moreover, the ongoing trend of Bring Your Own Device (BYOD) has led to an increase in the number of personal devices that need to be managed and secured within an organization.

EDR solutions use innovative threat intelligence, machine learning, and behavioral analysis algorithms that detect threats and suspicious activities leading to security breaches. These solutions are designed to detect real-time potential threats on endpoint devices such as servers, memory devices, mobile devices, and other point-of-sale devices, thereby helping the organization enhance its security posture through the rapid response capability.

As more organizations adopt BYOD policies or provide employees with company-owned devices, the demand for EDR solutions is expected to continue to grow, boosting the endpoint detection & response (EDR) market growth. Moreover, the COVID-19 pandemic has impacted the work culture globally, compelling offices to adopt a work-from-home environment, where the need for EDR solutions has increased, in order to secure and manage employee devices outside the organization's network perimeter.

However, the high costs of implementation, operation, and maintenance of EDR solutions among small- & medium-sized enterprises are anticipated to hamper the market growth. The cost of implementing EDR solutions varies, depending on the size of the enterprise, endpoint devices, and the pricing model of the vendor. Additionally, these solutions require additional hardware and software components that further enhance the overall deployment cost.

To overcome this challenge, many vendors have started deploying cloud-based EDR solutions, which are considered a cost-effective alternative to on-premise solutions and can be purchased on a subscription basis model. This helps the customer to realize substantial cost savings, thus driving their adoption.

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Endpoint Detection And Response Market Report Highlights

• The services segment is anticipated to observe the highest CAGR of 25.8% during the forecast period. The increasing adoption of managed services to overcome the pressure on internal IT teams to manage and secure devices such as servers, mobile devices, and network devices within organizations is expected to propel the growth of the segment
• The point-of-sale segment is anticipated to observe a CAGR of 26.9% during the forecast period. EDR solutions are becoming increasingly important for managing financial abnormalities, thereby protecting them from cybercriminals targeting to steal financial data
• The cloud segment is projected to expand at a CAGR of 26.3% during the forecast period. Cloud-based EDR solutions offer a secure, convenient, and cost-effective way for enterprises to secure and manage their endpoint devices. They provide a variety of benefits that can help enterprises enhance their efficiency and productivity while protecting their crucial data
• The small and medium-sized enterprises (SMEs) segment is anticipated to expand at a CAGR of 25.6% during the forecast period. SMEs are increasingly adopting EDR solutions, driven by the growing use of endpoint devices in the workplace and the need for improved security and device management
• The retail and e-commerce segment is anticipated to advance at the highest CAGR of 28.3% during the projection period. Retailers have increasingly adopted EDR solutions to streamline financial management, increase security, and improve productivity
• Asia Pacific region is expected to expand at the fastest growth rate of 27.2% from 2023 to 2030, owing to the increasing rate of cybercrimes in emerging economies such as India and China. The region is also home to many small and medium-sized enterprises (SMEs) that are adopting EDR solutions to manage and secure their mobile device

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Endpoint Detection And Response Market Segmentation

Grand View Research has segmented the global endpoint detection and response (EDR) market based on solution, deployment, endpoint device, enterprise size, vertical, and region:

Endpoint Detection And Response (EDR) Solution Outlook (Revenue, USD Billion, 2018 - 2030)

• Software
• Service
  • Professional Services
  • Managed Services

Endpoint Detection And Response (EDR) Endpoint Device Outlook (Revenue, USD Billion, 2018 - 2030)

• Network Devices & Servers
• Mobile Devices
• Point Of Sale (POS) Devices
• Others

Endpoint Detection And Response (EDR) Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Cloud
• On-premise

Endpoint Detection And Response (EDR) Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Small & Medium-Sized Enterprises
• Large Enterprises

Endpoint Detection And Response (EDR) Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• Banking, Financial Services, and Insurance (BFSI)
• Healthcare & Life Sciences
• Government & Defense
• Retail & E-commerce
• IT & Telecom
• Energy & Utilities
• Manufacturing
• Others

Endpoint Detection And Response (EDR) Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Endpoint Detection And Response (EDR) Market

• Bitdefender
• Broadcom, Inc.
• Cisco Systems
• CrowdStrike
• ESET
• FireEye
• Fortinet
• Kaspersky
• McAfee
• Microsoft Corporation
• Palo Alto Networks
• SentinelOne
• Sophos
• Trend Micro
• VMware Carbon Black

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 India Automotive Market During 2020– 2027 to Gain Robust Traction: Grand View Research Inc.

 India Automotive Market Growth & Trends

The India Automotive market demand is expected to reach 6,920,991 units by 2027, according to a study conducted by Grand View Research, Inc. It is anticipated to register a CAGR of 11.3% from 2020 to 2027. The automotive demand is driven by the rapid adoption of technology and the strong policy support from the government. Additionally, increasing awareness about environmental concerns resulting in the adoption of alternate fuel vehicles (CNG, EVs), which, in turn, is driving the market growth.

Technological advancements in the entire supply chain are anticipated to drive the market in the next seven years. For instance, companies are adopting alternate channels such as e-commerce websites to sell vehicles. Selling commercial vehicles through e-commerce websites helps the OEMs in widening their distribution network and reducing the infrastructure and labor costs. For example, Eicher Motors Limited has recently launched five new vehicles that are exclusively available through the e-commerce channel. Similarly, sales of Tata Motor’s small commercial vehicles and pickups have increased by 25% after the company opted for the e-commerce channel to sell its vehicles.

Amid the pandemic, the need to adhere to social distancing norms has encouraged consumers to invest in personal mobility options. This demand for personal transport options is a silver lining for automakers and is expected to marginally favor the growth of the country’s automotive industry over the forecast period. Isolated transport options are emerging as the need of the hour, with several consumers opting for entry-level cars amid economic uncertainties. Shared mobility is expected to take a hit in the light of this ongoing trend. As the trend is significantly impacted by the consumer’s spending power, it is expected that consumers with high spending capacity will dominate the sales of personal transportation options.

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India Automotive Market Report Highlights

• The 2 to 3.5 Tons segment is anticipated to expand at the fastest CAGR exceeding 15.5% over the forecast period in the light commercial vehicle owing to their compact size and relatively lower prices
• The hatchback segment held the largest market share of 49.17% in 2019. This share is attributed to the increasing usage of small passenger vehicles by middle-class families
• The more than 25 tons segment held almost half of the total heavy trucks market in 2019. This is attributable to the rising usage of heavy trucks in the construction and mining industry
• The three-wheeler segment is anticipated to expand at a CAGR of 10.6% over the forecasted period. Passenger transport over short distances is the primary factor driving the segment demand

Access Press Release@ https://www.grandviewresearch.com/press-release/india-automotive-market-analysis

India Automotive Market Segmentation

Grand View Research has segmented the India automotive market based on passenger vehicles, light commercial vehicles, heavy trucks, bus and coach, and three-wheelers:

India Automotive Passenger Vehicle Outlook (Volume, Units, 2016 - 2027)

• Sedan
• Hatchback
  • Mini Hatchback
  • Small Hatchback
• SUVs
• MUVs/MPVs/Vans

India Automotive Light Commercial Vehicle Outlook (Volume, Units, 2016 - 2027)

• Less than 2 Tons
• 2 to 3.5 Tons
• 5 to 7.5 Tons

India Automotive Heavy Truck Outlook (Volume, Units, 2016 - 2027)

• 5 to 12 Tons
• 12 to 25 Tons
• More than 25 Tons

India Automotive Bus & Coach Outlook (Volume, Units, 2016 - 2027)

• 5 to 7.5 Tons
• 5 to 12 Tons
• More than 12 Tons

India Automotive Three Wheelers Outlook (Volume, Units, 2016 - 2027)

List of Key Players in the India Automotive Market

• Ashok Leyland
• Bajaj Auto Ltd.
• Daimler AG
• Eicher Motors Limited
• Honda Motor Co., Ltd.
• Hyundai Motor India
• Mahindra and Mahindra Ltd.
• Maruti Suzuki India Limited

About Grand View Research

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

Global Factoring Services Market to Register Stable Expansion During 2023– 2030: Grand View Research Inc.

 Factoring Services Market Growth & Trends

The global factoring services market size is expected to reach USD 7,005.90 billion by 2030 and expand at a significant CAGR of 9.2% from 2023 to 2030. The remarkable growth can be attributed to the rise in open account trading and cross-border business, and the expansion of the manufacturing industry in Asian countries such as China and India is expected to boost the growth of this market. Besides, the need of startups and Small & Medium Enterprises (SMEs) for an alternative source of finance propels the demand in this market. Additionally, the implementation of technological advancements such as Blockchain and distributed ledger will improve the overall supply chain process by reducing operational costs and enhancing security across the system.

A rise in demand for factoring services can be seen due to its ability to customize depending upon the client’s requirement unlike bank loans, the factoring services are based on the current value of the sales ledger and not on historic management information. Factoring does not result in an increase in liability, as it is a transaction of sale and not a loan. A few factors, including archaic regulations, foreign currency restrictions, continued usage of stamp duty tax, and traditional laws restricting the right of assignment, might slow down the growth for a short period. However, several service providers are observed to utilize the latest technologies to overcome such problems.

The factoring services providers such as Eurobank, Société Générale S.A., REV Capital, and Tradewind Finance are adopting various business strategies to improve their services portfolio and attract potential business clients. For instance, in April 2022, Eurobank Factors, a subsidiary of Eurobank, unveiled new improvements to its factoring and launched new digital reverse factoring services. The bank’s new digital reverse factoring services are aimed at assisting clients in improving their cash flow ratio and providing clients with a loyalty scheme on lenient terms. The new services would aid the bank in expanding its customer base for factoring services in the EMEA region.

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Factoring Services Market Report Highlights

• The international market is expected to witness considerable growth of CAGR of 9.8% over the forecast period. This is due to the rapid growth of trade among emerging economies such as China, India, and Thailand which are exporting products to other developing countries
• The non-recourse segment is expected to grow considerably during the forecast period with a CAGR of 9.6%, as the non-recourse service providers perform thorough credit evaluations and offer credit protection against bad debts. Additionally, many large enterprises collaborate with factoring firms to offload their account receivables and clean up their balance sheets, which will help this segment grow further
• The bank segment accounts for the highest market share in 2022 and throughout the forecast period. The growing cross-border transactions and adoption of mobile-based payment channels are anticipated to propel the segment growth over the forecast period. Market players such as Punjab National Bank, SBI Global Factors Ltd., and Deutsche Factoring Bank are adopting mergers & acquisitions, and partnerships to upgrade their products and gain a competitive advantage in the market
• The healthcare segment is anticipated to grow with a considerable CAGR of 10.5% over the forecast period. Slow payments are very common across the healthcare industry which hinders expansion and makes it tough to cover expenses, thus, numerous healthcare firms depend on factoring services providers. Additionally, healthcare factoring firms provide advanced payments for third-party payers (Medicaid, Medicare, or private insurance), and offer support to cover the lease cost of equipment, these factors will further boost the growth of the healthcare industry
• The Asia Pacific market is expected to grow with the fastest CAGR of 11.5%, owing to infrastructural and industrial growth in the region. Additionally, India and China, the world’s most densely populated countries are present in the Asia Pacific region where the demand for factoring services is higher among SMEs

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

Factoring Services Market Segmentation

Grand View Research has segmented the global factoring services market based on category, type, financial institution, end-use, and region.

Factoring Services Category Outlook (Factoring Volume, USD Billion; 2018 - 2030)

• Domestic
• International

Factoring Services Type Outlook (Factoring Volume, USD Billion; 2018 - 2030)

• Recourse
• Non-Recourse

Factoring Services Financial Institution Outlook (Factoring Volume, USD Billion; 2018 - 2030)

• Banks
• Non-Banking Financial Institutions

Factoring Services End-use Outlook (Factoring Volume, USD Billion; 2018 - 2030)

• Manufacturing
• Transport & Logistics
• Information Technology
• Healthcare
• Construction
• Others (Staffing Agencies, Advertising, Oilfield Services, And Commercial Food & Beverages)

Factoring Services Regional Outlook (Factoring Volume, USD Billion; 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Chile
  • Argentina
• MEA
  • U.A.E.
  • Saudi Arabia
  • South Africa

List of Key Players in the Factoring Services Market

• altLINE (The Southern Bank Company)
• Barclays Bank PLC
• BNP Paribas
• China Construction Bank Corporation
• Deutsche Factoring Bank
• Eurobank
• Factor Funding Co.
• Hitachi Capital (UK) PLC
• HSBC Group
• ICBC China
• Kuke Finance
• Mizuho Financial Group, Inc.
• RTS Financial Service, Inc.
• Société Générale S.A.
• TCI Business Capital

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.

Gardening Equipment Market Poised to Expand at a Robust Pace of USD 138.89 Billion Over 2030: Grand View Research Inc.

 Gardening Equipment Market Growth & Trends

The global gardening equipment market size is projected to reach USD 138.89 billion by 2030, registering a CAGR of 6.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Factors such as an increase in the middle-class population, an increase in disposable income, and technical advancements in the gardening equipment sector are driving the market growth. The main constraints restricting market growth, however, are seasonal change. Additionally, product advancements like lightweight equipment and the rise in popularity of smartphone gardening apps can prompt target consumers to purchase these products. During the forecast period, the surge in digitalization is anticipated to increase market opportunities for the market.

Sales of gardening products would increase due to the growing popularity of riding/tractor lawnmowers and chainsaws, particularly zero-turn variants. Hybrid tools that are now popular could increase demand for gardening equipment. The bulk of electric cordless lawn and garden equipment having small batteries which typically only have an hour or less of runtime has prompted the development of hybrid tools. Hybrid tools include an inbuilt charging system, which effectively solves this issue, thus encouraging market growth.

The increasing emphasis on smart cities landscape is gaining traction among city planners and architectures. The use of technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), automation, and Machine Learning (ML) is showing potential to support market growth, For instance, using technologies such as the Internet of Things (IoT) for smart sprinklers makes irrigation and watering gardens an effortless task for property managers and homeowners. The programming of smart sprinklers enables individuals to set the timing to water plants along with controlling how much water to provide the plants. Smart irrigation technology can cut water waste by 20% to 40% compared to traditional watering technology. Based on the current regional meteorological information and soil moisture conditions, it can objectively determine whether to water plants and how much to water them, enabling flexible changes to irrigation placement and timing. Reduce water waste and boost irrigation effectiveness while preserving the health and quality of the plants. Such technologies are gaining traction in regions such as Europe and Northern America, therefore, augmenting the market growth.

Request a free sample copy or view the report summary: Gardening Equipment Market Report

Gardening Equipment Market Report Highlights

• By product, throughout the projected period, the lawnmowers segment is expected to gain traction. The spike in demand for electric lawnmowers, which encourage consumers to choose eco-friendly solutions and reduce fuel emissions for landscaping operations, is blamed for the market expansion
• The demand for battery-operated pruning shears, which mostly emerged from the residential sector, is expected to increase, propelling the market for cutting and pruning equipment
• The e-commerce segment is anticipated to experience growth among all sales channels over the projection period, owing to manufacturers growing reliance on e-commerce to support sales throughout their operational regions 
• The APAC region is expected to witness growth that will help meet local demand. Increased construction activity and cheap housing costs are anticipated to be two factors promoting market expansion during the forecast period

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

Gardening Equipment Market Segmentation

Grand View Research has categorized the global gardening equipment market based on product, sales channel, end-use, and region:

Gardening Equipment Product Outlook (Revenue, USD Million, 2018 - 2030)

• Lawn Mowers
• Handheld Power Tools
  • Trimmers & Edgers
  • Chainsaws
  • Leaf Blowers
  • Others
• Hand Tools & Wheeled Implements
  • Long Handled Tools
  • Short-Hand Tools
  • Cutting & Pruning Tools
  • Striking Tools
  • Wheeled Implements
• Water Equipment

Gardening Equipment Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Home Centers
• Lawn & Garden Specialty Stores
• National Retailers & Discount Stores
• Hardware Stores
• E-commerce

Gardening Equipment End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential
• Commercial/Government

Gardening Equipment Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Gardening Equipment Market

• Ariens Company
• American Honda Motor Co. Inc.
• Briggs Stratton
• Deere & Company
• Falcon Garden Tools
• Fiskars
• Husqvarna Group
• Robert Bosch GmbH
• Robomow Friendly House
• The Toro Company

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.