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

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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.

Global Industrial Starch Market 2022-2028 Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 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

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

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.

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

 Bitcoin Market Growth & Trends

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

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

Bitcoin Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 20.63 billion
Revenue forecast in 2030	USD 132.91 billion
Growth rate	CAGR of 26.2% from 2022 to 2030
Base year of estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030

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

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

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Bitcoin Market Report Highlights

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

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Bitcoin Market Segmentation

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

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

• Exchanges
• Remittance Services
• Payment & Wallet

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

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

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

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

List of Key Players in the Bitcoin Market

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

About Grand View Research

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

Network As A Service Market is Growing at Significant Rate, 2030: Grand View Research Inc.

 Network As A Service Market Growth & Trends

The global network as a service market size is anticipated to reach USD 81.82 billion by 2030, registering a CAGR of 32.9% in the forecast period, according to a new report by Grand View Research, Inc. Network-as-a-Service (NaaS) allows users/customers to rent networking services from cloud providers. It is a cloud model providing networking services through the internet on a (pay-per-use) subscription model. Networking services are offered by network service providers and cloud providers for networking and network security resources such as VPN, WAN, and firewall.

It enables customers to manage and operate on their network without the need to maintain network infrastructure and optimize resource allocations and computing resources as a single unified module. It delivers network services in a subscription-based business model to deliver enterprise-wide area network (WAN) services. It comprises integrated hardware, software, licenses, and managed services. NaaS allows businesses and organizations with subscription hardware, managed services, and full/true.

Network As A Service Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 8.39 billion
Revenue forecast in 2030	USD 81.82 billion
Growth rate	CAGR of 32.9% from 2022 to 2030
Base year for estimation	2021
Historical year	2017 - 2020
Forecast period	2022 - 2030

NaaS is a framework that leverages open application programming interface (APIs), network transformation, service lifecycle automation, and model-driven abstraction. With NaaS, users can streamline new services, automate the order-to-service process, and technology introduction. Additionally, it eliminates manual intervention from the service fulfillment process, improves customer experience by providing error-free service activation, and reduces time to remediate issues.

The market is projected to witness significant growth attributed to the rising deployment of Network-as-a-service, as it is low cost and provides greater scalability. Additionally, growing demand for widespread and high-speed network coverage and increasing adoption and implementation of the cloud for data storage are some of the factors fueling the growth of the market. The rising deployment of public NaaS in several verticals such as BFSI, manufacturing, retail, manufacturing, and transportation & logistics, among others, are contributing positively to the NaaS market growth.

Network-as-a-service enables incessant delivery of features, new fixes, and capabilities, automates multiple processes, optimizes for maximum performance, and orchestrates. It provides security policy enforcement and network monitoring, applications and underlying infrastructure modeling, and firewall and packet capabilities inspection. Additionally, it offers AI-driven capabilities and the ability to proactively route the application traffic to address issues and improve user experience.

NaaS provides businesses and organizations with low latency connectivity, global coverage, and negligible packet loss enabled by a global point of presence (POP) backbone while connecting to platform-as-a-service, software-as-a-service, infrastructure-as-a-service applications, or branch offices. These services can be deployed, ordered, and co-managed. It ranges from network access solutions and managed services, including unified communication services on virtualized customer premise equipment (vCPE) or public cloud.

The report covers the competitive analysis of the top fifteen market players which includes Palo Alto, Amdocs, Megaport, Akamai, Cisco Systems Inc., and Cloudflare. The players are adopting several key strategies and developments such as product launches, partnerships and collaborations, and mergers and acquisitions to obtain a significant share. For instance, in May 2022, Orange Business Services launched the service manage-watch, a supervision solution for applications and network services. It ensures end-to-end monitoring, optimal performance of security at the edge, equipment, user experience, and application to meet consumers’ requirements.

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Network As A Service Market Report Highlights

• The market is expected to witness a CAGR of 32.9% in the forecast period owing to the rising adoption of network-as-a-service and cloud-based network infrastructure. Moreover, trends such as the growing adoption of cloud platforms, ongoing technological advancements, and increasing adoption of BYOD technology in several organizations are propelling the growth
• Based on type, the WANaaS segment accounted for the largest revenue share of over 65.0% in 2021. Cloud-based wide area network (WAN) model is designed to replace legacy WAN, which relied on hardware. It utilizes connectivity protocols such as multiprotocol label switching (MLPS), which are difficult to manage. WANaaS is a specialized managed service suitable for large to mid-size enterprises as it enables rapid deployments, optimizes user productivity and experience, and reduces costs
• Based on enterprise size, the large enterprise's segment dominated the market in 2021 and is expected to witness a significant CAGR of 31.3% over the forecast period owing to the implementation of cloud services by large enterprises for data storage and data centers for workload mobility and benefits of NaaS for such as low latency, higher speed, increased network capacity, and device density
• Based on application, the cloud and SaaS connectivity segment dominated the market in 2021 and is expected to witness a significant CAGR of 33.6% over the forecast period. The growing use of technology and consumer propensity toward the cloud propel the adoption of cloud-based solutions
• Based on vertical, information technology (IT) & telecommunication dominated with a revenue share of 24.1% in 2021. It is expected to grow at a CAGR of 33.1% throughout the forecast period. The growth of this segment is attributed to increasing use-cases and the adoption of cloud services and IT infrastructure
• North America dominated with the largest revenue share of more than 38.6% in 2021, owing to the presence of significant players such as Palo Alto, Amdocs, Megaport, Akamai, and Cisco Systems Inc. Additionally, businesses and organizations are refining their traditional network infrastructure to advanced IT infrastructure, network virtualization solutions, and cloud computing services

Access Press Release@ https://www.grandviewresearch.com/press-release/global-network-as-a-service-market

Network As A Service Market Segmentation

Grand View Research has segmented the global network-as-a-service market based on type, enterprise size, application, vertical, and region:

Network As A Service Type Outlook (Revenue, USD Million, 2017 - 2030)

• WANaaS
• LANaaS

Network As A Service Enterprise size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises
• SMEs

Network As A Service Application Outlook (Revenue, USD Million, 2017 - 2030)

• UCaaS/Video Conferencing
• Cloud and SaaS Connectivity
• Virtualized Private Network (VPN)
• Bandwidth on Demand
• Multi-Branch Connectivity
• WAN Optimization
• Secure Web Gateway
• Network Access Control
• Other Applications

Network As A Service Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• Retail
• IT & Telecommunication
• Manufacturing
• Media and Entertainment
• Education
• Healthcare
• Government
• Others

Network As A Service Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Network As A Service Market

• Palo Alto
• Amdocs
• Megaport
• Akamai
• Cisco Systems Inc.
• Cloudflare
• AT&T Inc.
• Verizon Communications Inc.
• DXC Technology Company
• Synnex Corporation
• NEC Corporation
• Hewlett Packard Enterprise Co.
• IBM 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.

Smart Home Market Projected To Be Worth USD 537.01 Billion By 2030: Grand View Research Inc.

 Smart Home Market Growth & Trends

The global smart home market size is expected to reach USD 537.01 billion by 2030, registering a CAGR of 27.07% from 2023 to 2030, according to a new study by Grand View Research, Inc. The smart home is driven by computing devices and information technology that link smart home instruments and gadgets to provide convenience, entertainment, and enhanced comfort to residents in a sustainable way. The market growth is attributed to the rising penetration of the Internet of Things (IoT) and Internet connectivity in homes. Moreover, the trend of modern technologies, such as Artificial Intelligence (AI), being integrated with smart homes has enabled more advanced and digitally smart devices for better living.

Smart Home Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 100.42 billion
Revenue forecast in 2030	USD 537.01 billion
Growth rate	CAGR of 27.07% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

In addition, the growing penetration of smartphones is driving the market as smart home devices can be controlled through a smartphone, thereby enabling ease of access and usage. Furthermore, the trend of automation in daily mundane tasks is expected to support market growth significantly. The rising need for home security has prompted the use of AI-powered smart home devices. Facial recognition and threat analysis are among the features included in these gadgets that are expected to drive the demand for smart home solutions. Asia Pacific is expected to emerge as the fastest-growing region over the forecast period.

This is mainly owing to the improved standards of living and increased consumer disposable income levels in the region. The rapid penetration of the internet, smartphones, and other digitally advanced equipment in the region is also expected to drive market growth. Furthermore, the increased demand for smart speakers, such as Siri and Alexa, significantly impacts the region’s growth. In addition, the trend of luxurious lifestyles in developing nations in the region, due to increased disposable income and personal choice among consumers for smart devices, is propelling the market growth.

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Smart Home Market Highlights

• Based on products, the security & access controls segment recorded the highest revenue share in 2022 due to the increased demand for advanced security solutions and the necessity to restrict access to rooms or safes with valuable items and goods
• The wireless protocols segment is expected to grow at the highest CAGR over the forecast period as wireless technology is continuously undergoing extreme developments in terms of connectivity and latency
• The new construction application segment is expected to register the fastest CAGR over the forecast period as product installations are easier in new constructions with prior knowledge of wall placements and wire/power outlets
• The Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period due to the increasing internet and IoT devices penetration

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Smart Home Market Segmentation

Grand View Research has segmented the global smart home market on the basis of products, protocols, application, and region:

Smart Home Products Outlook (Revenue, USD Million, 2018 - 2030)

• Security & Access Controls
  • Security Cameras
  • Video Door Phones
  • Smart Locks
  • Remote Monitoring Software & Services
  • Others
• Lighting Control
  • Smart Lights
  • Relays & Switches
  • Occupancy Sensors
  • Dimmers
  • Other Products
• Entertainment Devices
  • Smart Displays/TV
  • Streaming Devices
  • Sound Bars & Speakers
• HVAC
  • Smart Thermostats
  • Sensors
  • Smart Vents
  • Others
• Smart Kitchen Appliances
  • Refrigerators
  • Dish Washers
  • Cooktops
  • Microwave/Ovens
• Home Appliances
  • Smart Washing Machines
  • Smart Water Heaters
  • Smart Vacuum Cleaners
• Smart Furniture
• Home Healthcare
• Other Devices

Smart Home Protocols Outlook (Revenue, USD Million, 2018 - 2030)

• Wireless Protocols
  • ZigBee
  • Wi-Fi
  • Bluetooth
  • Z Wave
  • Others
• Wired Protocols
• Hybrid

Smart Home Application Outlook (Revenue, USD Million, 2018 - 2030)

• New Construction
• Retrofit

Smart Home Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic Countries
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Nigeria

List of Key Players of Smart Home Market

• LG Electronics, Inc.
• Siemens AG
• com, Inc.
• Google Nest (Google LLC)
• Samsung Electronics Co. Ltd.
• Schneider Electric SE
• Legrand S.A.
• Robert Bosch GmbH
• Assa Abloy AB
• Sony Group Corporation
• ABB, Ltd.
• Philips Lighting B.V.
• Honeywell International, 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.

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

 Smart Electricity Meters Market Growth & Trends

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

Smart Electricity Meters Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 13.06 billion
Revenue forecast in 2030	USD 21.81 billion
Growth Rate	CAGR of 7.6% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

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

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

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

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Smart Electricity Meters Market Report Highlights

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

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

Smart Electricity Meters Market Segmentation

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

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

• Single-Phase
• Three-Phase

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

• Residential
• Commercial
• Industrial

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

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

List of Key Players in the Smart Electricity Meters Market

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

About Grand View Research

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

Electric Three Wheeler Market Poised to Garner Maximum Revenues During 2022– 2030: Grand View Research Inc.

 Electric Three Wheeler Market Growth & Trends

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

Electric Three Wheeler Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 887.0 million
Revenue forecast in 2030	USD 1.57 billion
Growth rate	CAGR of 7.5% from 2022 to 2030
Base year for estimation	2021
Actual estimates/Historical data	2018 - 2020
Forecast period	2022 - 2030

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

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

Request a free sample copy or view report summary: Electric Three Wheeler Market Report

Electric Three Wheeler Market Report Highlights

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

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

Electric Three Wheeler Market Segmentation

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

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

• Lithium-ion
• Lead Acid
• Others

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

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

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

• Passenger Carrier
• Goods Carrier

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

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

List of Key Players of Electric Three Wheeler Market

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

About Grand View Research

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

Travel Insurance Market Size, Industry Share And Growth Analysis For 2022-2030: Grand View Research Inc.

 Travel Insurance Market Growth & Trends

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

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

Travel Insurance Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 20.32 billion
Revenue forecast in 2030	USD 63.9 billion
Growth rate	CAGR of 15.4% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030

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

Request a free sample copy or view report summary: Travel Insurance Market Report

Travel Insurance Market Report Highlights

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

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

Travel Insurance Market Segmentation

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

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

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

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

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

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

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

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

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

List of Key Players in the Travel Insurance Market

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

About Grand View Research

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