Data Marketplace Platform Market to Expand with Significant CAGR During 2023 – 2030: Grand View Research Inc.

 Data Marketplace Platform Market Growth & Trends

The global data marketplace platform market size is anticipated to reach USD 5,739 million by 2030, registering a CAGR of 25.0% over the forecast period, according to a new report by Grand View Research, Inc. A data marketplace is a transactional platform that facilitates buying and selling of different data types, offering a unique user experience. Data marketplaces comprise cloud services where businesses or individuals can upload data to the cloud. The different data types, such as demographic, business intelligence, and firmographic, personal data, are available in a data marketplace.

The data marketplace platform enables self-service data access, maintaining a high quality of data, consistency, and security for both parties. Businesses and organizations are commencing to augment internal data sets with external data propelling the growth of the data marketplace platform market. It enables buyers with segmented, dependable, and relevant data to access data via analytical tools and platforms to meet business needs.

For instance, the Microsoft Azure marketplace provides data through a uniform interface, and developers can access data via Microsoft Excel and PowerPivot. The gradual shift from conventional business practices to online platforms resulted in the establishment of efficient data marketplace services and solutions. Data marketplace arranges data flow and optimizes data sourcing, providing a data analytics framework for tuning decision models to optimize and improve processes.

Several companies have launched new platforms during the COVID-19 pandemic. For instance, in 2020, Aiisma, a data marketplace, launched Aiisma App with Aiihealth feature, consisting of marketplaces’ location sharing and health mapping features. Users can anonymously and consensually share their behavioral data in exchange for rewards, and this application has proven helpful in creating a digital fence against the pandemic.

The growth is attributed to the emergence of Big Data, web scraping, and advancements in blockchain, as it provides access to considerable data to enhance performance and generate revenue. Web scraping is an automatic process of extracting data from websites; it automates data collection, unlocks web data sources, and suggests data-driven decisions that add value to decision-making. The increasing adoption of AI, data mesh, data management, and blockchain in data & analytics is propelling the usage of self-service analytics solutions.

The market is projected to witness significant growth attributed to the increasing adoption of Internet of Things (IoT) solutions and the deployment of cutting-edge technologies such as AI, AR/VR orchestration capabilities, and machine-to-machine (M2M) advancements in communications networks. Additionally, a growing emphasis on the usage of cloud services is anticipated to boost the growth.

Furthermore, the rising adoption of the data marketplace in several verticals such as BFSI, healthcare, retail & consumer goods, and media & entertainment, among others, contribute positively to the growth of the industry. It also enables efficient usage and management of data resulting in a maximized return on investment (ROI). It also provides businesses and organizations access to data marketplaces such as personal, business-to-business (B2B), and IoT data marketplace to meet specific requirements efficiently and cost-effectively secured by blockchain.

Additionally, several organizations are launching data marketplaces to promote data sharing among data service providers and end-users resulting in augmented demand for data marketplace platforms. The report covers the competitive analysis of the top ten industry players including Acxiom LLC, AWS, Dawex, Snowflake, Quandl, BattleFin, Narrative, Datarade, Oracle, Microsoft, Adobe, and SAP SE.

The key players are adopting several key strategies and development such as product launches, partnerships and collaborations, and mergers and acquisitions to obtain a significant market share. For instance, in March 2022, Nokia announced a collaboration with Equideum Health to utilize Nokia Data Marketplace (NDM) blockchain solutions to enable a multi-party ecosystem. It will allow varied person-centric use cases by harnessing advanced technologies in the data marketplace, data exchange, and data management.

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Data Marketplace Platform Market Report Highlights

• The market is expected to witness a CAGR of 25.0% over the forecast period owing to a rise in the adoption of Internet of Things (IoT) solutions and the deployment of cutting-edge technologies such as AI orchestration capabilities, and machine-to-machine (M2M) advancements in communications networks
• Based on component, the solution segment accounted for the largest revenue share of over 63% in 2021 as the data marketplace platform is extensively used in several verticals such as retail & e-commerce, BFSI, travel and hospitality, and healthcare. The data marketplace platform segment enables buyers to browse data, compare, support on-platform communication with data providers, and purchase data
• Based on the type, the B2B data marketplace segment accounted for the largest revenue share of over 58% in 2022 as the growth of the segment can be attributed to the increasing adoption of big data, the emergence of AI and ML, and business-to-business data marketplaces solutions
• Based on revenue model, the subscription segment accounted for the largest revenue share of over 50% in 2022 as data marketplaces charge a commission fee for the services and solutions in exchange for data to the buyers. The subscription revenue model can be further categorized into one-off data purchases, ongoing data subscriptions, and usage-based data licenses
• Based on enterprise size, the large enterprises segment held the largest revenue share of 57% in 2022 and witness a CAGR of 24.5% during the forecast period. The key data service providers and SaaS vendors are investing in research and development activities to create a robust platform for sharing data & information and enable direct and indirect monetization from revenue streams
• Based on end-user, the financial services segment accounted for the largest revenue share of over 20% in 2021 as cloud platforms allow financial organizations to leverage big data for financial use cases, such as delivering personalized recommendations, generating new revenue streams through data-driven suggestions, and creating efficient services to gain a competitive advantage
• North America held the largest revenue share of more than 36% in 2022, owing to the increasing adoption of IoT solutions and the deployment of cutting-edge technologies such as AI, AR/VR orchestration capabilities, and machine-to-machine (M2M) advancements in communications networks. Several companies operating in this region are developing innovative data marketplace services & solutions to provide end-to-end efficient usage and management of network services, contributing to the growth

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Data Marketplace Platform Market Segmentation

Grand View Research has segmented the global data marketplace platform market based on component, type, revenue model, enterprise size, end-user, and region:

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

• Platform
• Services

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

• Personal Data Marketplace Platforms
• B2B Data Marketplace Platforms
• IoT Data Marketplace Platforms

Data Marketplace Platform Revenue Model Outlook (Revenue, USD Million, 2017 - 2030)

• Subscription
• Commission
• Paid features
• Others

Data Marketplace Platform Enterprise size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises
• SME's

Data Marketplace Platform End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Financial Services
• Advertising, Media & Entertainment
• Retail & CPG
• Healthcare & Life Sciences
• Technology
• Public Sector
• Manufacturing
• Other (Education, Automotive, Energy, Oil & Gas)

Data Marketplace Platform Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Data Marketplace Market

• Acxiom LLC
• AWS
• Dawex
• Snowflake
• Quandl 
• BattleFin
• Narrative
• Datarade
• Oracle
• Microsoft
• Adobe

About Grand View Research

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

IT & Telecom Cyber Security Market Expected to Receive Greater Traction As Manufacturers’ Contribution Swells

 IT & Telecom Cyber Security Market Growth & Trends

The global IT & telecom cyber security market size is expected to reach USD 82.64 billion by 2030, expanding at a CAGR of 12.1% from 2022 to 2030 according to a study conducted by Grand View Research, Inc. Expansion of telecom networks, emerging BYOD trend, and the emergence of 5G technology are anticipated to increase the network traffic and create loopholes, thereby increasing the risk of cyber-attacks. Additionally, IT & telecom companies are increasing investments in deploying advanced cyber security solutions to tackle the varied nature of threats and keep up with the evolving threat landscape.

The emergence of 5G technology has prompted several organizations to opt for edge computing and shift workloads to cloud networks. Cloud platforms also expose enterprises to various threats across interlinked networks. Additionally, with increased usage of digital services, several devices are connected over private unsecured networks and use cloud services to store any information or data. This increases the risk of vulnerabilities for cloud networks, in turn exposing the IT & telecom companies to cyber threats, which is expected to drive the adoption of cyber security solutions in the sector.

Several governments have imposed stringent data protection laws to regulate the telecom sector and safeguard consumer data. For instance, the German government released a data protection law in December 2021, the Telecommunications Telemedia Data Protection Act (TTDSG), which regulates the protection of privacy and confidentiality while using the internet-ready terminal infrastructure, including smart home devices, messenger services, and websites. As such, the increasing risk of cyber-attacks and stringent data protection laws are expected to compel several IT & telecom firms to adopt cyber security solutions, thereby contributing to market growth.

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IT & Telecom Cyber Security Market Report Highlights

• North America held the highest revenue share of over 30% in 2021, owing to the increased cybersecurity spending and early availability of technology and adoption
• Asia Pacific is expected to register a high CAGR over the forecast period, owing to the massive working population, high number of endpoint devices, and rising number of data centers
• Key industry players are adopting inorganic growth strategies by engaging in partnerships, acquiring smaller players to leverage their technology, and reducing the market competition

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IT & Telecom Cyber Security Market Segmentation

Grand View Research has segmented the global IT & telecom cyber security market based on region:

IT & Telecom Cyber Security Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the IT & Telecom Cyber Security Market

• Cisco Systems, Inc.
• Palo Alto Networks, Inc.
• McAfee, Inc.
• Broadcom
• AO Kaspersky Lab
• Check Point Software Technology 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.

Point Of Sale Software Market to Penetrate Untapped Regions During 2023 to 2030: Grand View Research Inc.

 Point Of Sale Software Market Growth & Trends

The global point of sale software market size is expected to reach USD 19.56 billion by 2028, registering a CAGR of 9.5% over the forecast period, according to a new report by Grand View Research, Inc. Over the last few years, the restaurant industry has witnessed an uptick, largely favored by improving economy. However, restauranteurs are still facing challenges that could potentially hamper their performance as well as revenue. Moreover, the pandemic has hit the business substantially as countries went into lockdowns and travel & tourism came to a sudden halt. This, in turn, impacted the point of sale (POS) software business for the short term.

In addition, restaurant operators also face challenges in terms of complexities associated with order management while delivering the food on time and ensuring outstanding customer service. To meet the changing customer requirements and decrease the food as well as operational costs, restaurant operators are relying heavily on innovative technologies like restaurant software solutions that range from an all-in-one business management system to standalone POS terminals. The need to offer rapid and high-quality service to the customers while enabling easy guest management at restaurants is creating a pool of opportunities for market incumbents.

The industry is slowly making in-roads with the integration of technologies, such as cloud and artificial intelligence, with an aim to improve the existing ecosystem and help restaurants build an efficient work environment. The availability of these new technologies in one system helps restaurant operators to focus on their core competencies, thereby generating a profitable business output. Although the pandemic has hit the business negatively, an increase in demand for online orders is expected to favor the market growth over the next couple of years. Apart from restaurants, the industry is also expected to garner substantial profits from industries, such as retail and hospitality. The need for contactless payment options in the current scenario will play a vital role in driving POS software demand in the near future.

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Point Of Sale Software Market Report Highlights

• The global POS software market was valued at USD 9.26 billion in 2020. The business still has potential as the need for contactless payment options is on a rise amidst the pandemic
• The on-premise segment emerged as the preferred choice in 2020. Data security and the need to lower data exposure to third-party sources is expected to upkeep segment growth over the next few years
• The demand for POS software in Asia Pacific is estimated to register a CAGR exceeding 11.0% from 2021 to 2028
• The increasing digitization of business activities in countries like India, Malaysia, Singapore, Japan, and South Korea is expected to favor regional market growth. Moreover, the pandemic has been largely responsible for paving way for digital transformation in these economies, thereby creating opportunities for IT software & service providers.

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Point Of Sale Software Market Segmentation

Grand View Research has segmented the global point of sale software market on the basis of application, deployment mode, organization size, end-user, and region:

Point Of Sale Software Application Outlook (Revenue, USD Million, 2016 - 2028)

• Fixed
• Mobile

Point Of Sale Software Deployment Mode Outlook (Revenue, USD Million, 2016 - 2028)

• Cloud
• On-premise

Point Of Sale Software Organization Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprise
• Small and Medium Enterprise (SME)

Point Of Sale Software End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Restaurants
• Hospitality
• Healthcare
• Retail
• Warehouse
• Entertainment
• Others

Point Of Sale Software Regional Outlook (Revenue, USD Million 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• MEA

List of Key Players of Point Of Sale Software Market

• Clover Network, Inc.
• H&L POS
• IdealPOS
• Lightspeed
• NCR Corporation
• Oracle Micros
• Revel Systems
• SwiftPOS
• Square Inc.
• TouchBistro
• Toast 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 Demand for Smart Lock Market to Incur Considerable Upsurge During 2023– 2030: Grand View Research Inc.

 Smart Lock Market Growth & Trends

The global smart lock market demand is expected to reach 41.9 million units by 2028, registering a CAGR of 21.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. Rising awareness among consumers regarding the benefits and convenience offered by smart home security solutions and surging adoption of connected devices are primarily driving the industry growth. Besides, the hospitality sector has witnessed a large-scale deployment of smart locks with leading companies and stay aggregators increasingly relying on them to ensure security and accessibility to both customers and owners.

The rising global smartphone penetration has further opened new growth prospects for industry participants due to their continuous efforts to launch apps to manage the locking/unlocking procedures. Furthermore, prominent market players are incorporating various innovative techniques, such as Wi-Fi-enabled locking/unlocking and Bluetooth-based (BLE) locking/unlocking using smartphones and other devices, in their smart lock models. Touch panels are also being incorporated to facilitate the entry of passwords or pattern-based locking/unlocking.

Smart lock Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 2.32 billion
Revenue forecast in 2030	USD 8.13 billion
Growth rate	CAGR of 19.6% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

The COVID-19 pandemic had momentarily hindered the growth of new smart lock installations over the initial couple of quarters of 2020. The dramatic changes, such as restrictions in cross-border trade, economic instability, stringent norms mandating temporary shutdowns of manufacturing sites, and stay-at-home orders for the general populace, created a challenging situation for the industry during the past year. Nevertheless, strategies such as incorporating touchless technologies into their products, creating mobile apps for carrying out procedures, and offering products at reduced prices on the available modes have helped companies to intensify their ROI during these critical lockdown scenarios.

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Smart Lock Market Report Highlights

• The prominent industry participants are adopting aggressive strategies such as partnerships, R&D investments, and mergers and acquisitions to capture higher market share and enhance their smart security solutions portfolio
• Major companies in the marketplace, such as August Home Inc., are developing retrofittable locks that effectively cater to the customers’ demands. Such locks allow users to retain the same design as before with minute details refined and have embedded advanced features
• The residential segment is expected to account for the highest revenue share of approximately 60% by the end of 2028. The rising number of renovation and new construction projects have led to increased installation of such locks, thereby positively impacting the industry over the next seven years
• Asia Pacific is poised to exhibit the highest CAGR of over 22% over the next seven years owing to a rising number of modernization activities across the hospitality and residential sectors, along with the rising awareness regarding advanced security solutions across emerging economies such as India and Korea

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Smart Lock Market Segmentation

Grand View Research has segmented the global smart lock market based on type, application, and region:

Smart Lock Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Deadbolt
• Lever Handles
• Padlock
• Others

Smart Lock Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Residential
• Hospitality
• Enterprise
• Critical Infrastructure
• Others

Smart Lock Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of the Smart Lock Market

• Yale
• Schlage
• August Home
• Kwikset
• Goji
• SDS Smart Locks
• Mul-T-Lock
• UniKey Technologies 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 Biotechnology Instruments Market to Register Stable Expansion During 2021– 2028: Grand View Research Inc.

 Biotechnology Instruments Market Growth & Trends

The global biotechnology instruments market size is expected to reach USD 106.75 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.66% from 2021 to 2028. The market is collectively driven by technological advancements, advantages offered by laser therapy, growing prevalence of target diseases, rising geriatric population, and increasing demand for Point-Of-Care (POC) tests and devices.

Rising demand for POC devices in the home and other healthcare settings to cater to the elderly population and increasing government initiatives to shorten hospital stays by establishing outpatient care models are expected to drive the demand for POC diagnostics over the next six years. The growth in the biotechnology industry can also be attributed to several factors such as the launch of new and innovative products, agreements, acquisitions, technological advancements, and increasing adoption in various applications.

For instance, in January 2021, Sartorius Stedim Biotech acquired Novasep’s chromatography process equipment division. Its chromatography product portfolio consists of intensified chromatography systems and resin-based batch for multi-use applications, such as oligonucleotides, small molecules, insulin, and peptides.

In addition, companies are launching new products for facilitating rapid downstream processing. For instance, in February 2021, Waters Corporation launched a next-generation liquid chromatography system-Waters ACQUITY PREMIER Solution. It features the company’s breakthrough MaxPeak High-performance Surface technology. The advantages of the system include the elimination of time-consuming steps and improvement in analytical data quality. 

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Biotechnology Instruments Market Report Highlights

• By product, the life science consumables segment accounted for the largest share in 2020 and is expected to dominate the market from 2021 to 2028. The COVID-19 pandemic has resulted in a significant revenue contribution to this segment in 2020
• More than 300 Real-time Polymerase Chain Reactions (RT-PCRs) are being developed for the detection of SARS-COV-2 infection, however, only 7 to 10 kits have been commercialized for pooled sample testing against COVID-19
• The lab automation instruments product segment is expected to witness growth in the years to come owing to the rise in demand for automated sample preparation instruments for clinical genomics laboratories
• Based on end use, the hospitals and healthcare facilities segment is expected to dominate the market throughout the forecast period owing to an increase in demand for in vitro diagnostic (IVD) point-of-care devices in clinical laboratories and hospitals
• The growing demand for rapid drug development and the commercialization of new drug molecules for the treatment of different diseases drive the need for sophisticated instruments in the pharmaceutical and biotechnology companies end-use segment
• North America held the largest revenue share in 2020 owing to the higher penetration of genomic, proteomic, and cell biology-based platforms in the region

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Biotechnology Instruments Market Segmentation

Grand View Research has segmented the global biotechnology instruments market on the basis of product, end-use, and region:

Biotechnology Instruments Product Outlook (Revenue, USD Million, 2017 - 2028)

• Lab Automation Instruments
  • Proteomics
  • Genomics
  • Sequencing
  • Spatial Cell Analysis
  • Others
• Life Science Consumables
• IVD Instruments
• Medical Lasers
  • Therapeutics
  • Ophthalmic
  • Ablation

Biotechnology Instruments End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Government & Academic Institutes
• Pharmaceutical & Biotechnology Companies
• Hospitals & Healthcare Facilities
• Others

Biotechnology Instruments Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Spain
  • Italy
• Asia Pacific
  • Japan
  • China
  • India
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • Saudi Arabia

List of Key Players of Biotechnology Instruments Market

• Agilent Technologies
• Alcon, Inc.
• AngioDynamics
• Becton, Dickinson, and Company
• BioMerieux SA
• Bio-Rad Laboratories
• BioTek Instruments, Inc.
• Candela Medical
• Cynosure, LLC
• Danaher Corporation
• Endress+Hauser (Analytik Jena GmbH)
• Hoffmann-La Roche Ltd.
• IIlumina Inc.
• IRIDEX
• Lumenis
• Merck KGaA
• Novanta, Inc.
• Perkin Elmer, Inc.
• QIAGEN
• Siemens  Healthineers
• Tecan Group AG
• Thermo Fisher Scientific, Inc.
• Waters Corporation
• Zimmer MedizinSysteme

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.

Immune Health Supplements Market is Likely To Touch USD 132.0 Billion by 2028: Grand View Research Inc.

 Immune Health Supplements Market Growth & Trends 

The global immune health supplements market size is expected to reach USD 132.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.3% from 2021 to 2028. The growing prevalence of various infectious diseases caused by several micro-organisms, such as bacteria, fungi, viruses, and parasites, coupled with the rising demand for supplements to increase the body's immune system, is expected to boost the immune health supplements adoption across the globe. Besides, increasing adoption of immunity-boosting products due to the COVID-19 pandemic is also anticipated to accelerate the market growth over the forecast years. According to the Council for Responsible Nutrition (CRN) report in 2020, the consumption of dietary supplements among Americans was about 73 percent. However, taking dietary supplements among individuals for immune health has been increased from 27 percent to 32 percent from 2019 to 2020.

As of 2020, the vitamin and mineral supplements segment held the largest revenue share. The increasing adoption of vitamin C, D, multivitamins, and minerals resulted in a high revenue share for the segment in the market. An unhealthy diet limited physical activity, and a sedentary lifestyle are the key factors responsible for increasing vitamin and mineral intake to improve an individual's immunity, especially in the developed regions such as North America and Europe. However, the increasing patient population and growing awareness for vitamin and mineral consumption are the major factors expected to boost market growth in emerging economies such as Asia Pacific and Latin America during the forecast period. However, the herbal supplements segment is also anticipated to be the second-largest product segment due to its popularity for long-term consumption as immunity boosters without any side effects.

By form, the tablets segment accounted for the largest revenue share in 2020. Due to its longer shelf life and high preference of adoption among the individual's tablets segment is expected to be the dominated segment. Tablets are more stable than the capsule, particularly in moist environments. In addition, tablets are largely manufactured by the key market players than the other form of supplements. Further, properties of tablets such as durability, inexpensive, can be split into two parts, and higher dosage accommodation is anticipated its high adoption and maximum value share in the market.

The respiratory tract infection segment held the largest revenue share in 2020. Due to the increasing prevalence of respiratory disorders such as COPD, asthma, COVID19, immune health supplements adoption has increased in the last couple of years. Particularly, the rapid rise in life-threatening coronavirus disease from the last year has increased the adoption of immunity-boosting products to manage respiratory tract infections. Taking supplements such as Vitamin C, D, and minerals such as zinc and probiotics offers unique properties to reduce the risk of respiratory tract infection, duration, and severity of infection.

As of 2020, the self-medication segment accounted for the largest revenue share than the prescription-based segment. It can be attributed due to the high percentage of self-medicated supplements using the population around the globe. Further, most of the vitamins and mineral supplements do not require a prescription. One can purchase them from pharmacies, groceries, and any convenience stores. Besides, the growing awareness among the individuals to use immunity-boosting products due to COVID19 is also expected to provide a high market share to the self-medication segment over the forecast years globally.

The pharmacies/drug stores segment dominated the market and accounted for the largest revenue in 2020. The availability of a wide variety of products and the high preference of consumers to buy immune health supplements from pharmacies are the factors responsible for the largest market share of this segment. Moreover, the availability of both prescriptions based and over-the-counter products for the consumers is also expected to accelerate the growth of the Pharmacies/drug stores segment over the forecast years.

North America dominated the market and accounted for the largest revenue share in 2020. The increasing prevalence of various health disorders, increasing usage of immune-enhancing products, and high spending capacity by the consumers are the factors anticipated to provide the majority of market share to the region. However, Asia Pacific countries, such as China, India, and Japan, are expected to witness significant growth over the forecast years due to the large population, increasing awareness, and growing consumer base in these countries.  

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Immune Health Supplements Market Report Highlights

• The market is expected to grow well over the forecast period owing to the increasing prevalence of several infectious diseases and growing awareness to improve immune health
• The vitamin and mineral supplements segment dominated the market in 2020 owing to high demand and increasing use for immune health
• The respiratory tract infection application segment dominated the market in 2020 owing to the increasing adoption of immune supplements to reduce the risk of respiratory tract infection across the globe
• The self-medication segment dominated the market in 2020 majorly due to a growing preference for self-medicated use of supplements than prescription-based
• The pharmacies/drug stores segment dominated the market in 2020 owing to the availability of a wide range of products and high consumer preference
• North America dominated the market in 2020 majorly due to high spending capacity and increasing uses of immune health supplements in the region

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

Immune Health Supplements Market Segmentation

Grand View Research, Inc. has segmented the global immune health supplements market based on product, form, application, mode of medication, distribution channel, and region:

Immune Health Supplements Product Outlook (Revenue, USD Million, 2016 - 2028)

• Vitamin and Mineral Supplements
  • Vitamin C Supplements
  • Vitamin D Supplements
  • Vitamin B complex Supplements
  • Multivitamins
  • Selenium Supplements
  • Zinc Supplements
  • Others
• Herbal Supplements
• Probiotic Supplements 
• Others

Immune Health Supplements Form Outlook (Revenue, USD Million, 2016 - 2028)

• Capsules
• Tablets
• Powder
• Liquid
• Gel
• Softgels
• Others

Immune Health Supplements Application Outlook (Revenue, USD Million, 2016 - 2028)

• Hair growth
• Gut health
• Respiratory tract infection
• Others

Immune Health Supplements Mode Of Medication Outlook (Revenue, USD Million, 2016 - 2028)

• Prescription based
• Self-medication

Immune Health Supplements Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Pharmacies/Drug Stores
• Supermarkets and Hypermarkets
• E-commerce
• Others

Immune Health Supplements Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Immune Health Supplements Market

• Bayer AG
• Pfizer Inc.
• Sun Pharmaceutical Industries Limited
• Swisse Wellness Pty Ltd.
• GlaxoSmithKline
• Abbott Laboratories
• Amway Corp.
• The Nature's Bounty Co.
• Herbalife Nutrition of America, Inc.
• Himalaya Global Holdings Ltd.
• American Health
• Unilever
• Sanofi
• Novartis
• Boehringer Ingelheim
• Nestlè
• Danone

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.

HIV Clinical Trials Market Key Players ,Industry Share ,Growth, And Forecast To 2030: Grand View Research Inc.

 HIV Clinical Trials Market Growth & Trends 

The global HIV clinical trials market size is expected to reach USD 2.1 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.3% from 2022 to 2030. The main drivers of this market are increasing HIV vaccine trials, increased R&D activities for HIV clinical trials, and rising HIV infection awareness, which leads to a large number of patients enrolling in clinical trials. During the COVID-19 pandemic, there was a halt in the market growth.

This decrease in HIV and AIDS clinical trials is due to stay-at-home orders by the government to prevent COVID-19 that led to canceled and delayed trials. It also includes disruption in patient recruitment, hurdles in the conduction of clinical trials, and rapid study for the development of vaccines and medical products for the prevention of COVID-19 that lead to detrimental effects in HIV clinical trial studies. However, these impacts were significantly reduced by adopting strategic measures taken by the clinical trial conducting organization, regulatory authorities, and government bodies.

According to the WHO, in 2020, there were around 37.7 million people infected with HIV infection. To reduce this number, increasing funding and partnerships by biotechnology and pharmaceutical firms have been observed. Moreover, increasing initiatives are being taken by the government to find treatment and spread awareness regarding this disease. For instance, in October 2021, Samsung BioLogics collaborated with Enzolytics Inc. This partnership aims to manufacture Anti-HIV and Anti-SARS-CoV-2 Monoclonal Antibody Therapies.

However, a lack of awareness regarding HIV clinical research trials and the availability of treatments for preventing it are factors that are hindering the growth of this market. According to a report by BioMed Central Ltd. in Europe, out of 467 participants, about one-third of them were not aware of the HIV infection. As a result, ignorance and unawareness regarding the disease will prevent admission to an HIV clinical trial.

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HIV Clinical Trials Market Report Highlights

• Based on phase, the phase I segment held the largest revenue share of over 30.0% in 2021. In this segment, safety, tolerability, and pharmacokinetics of the drug are accessed
• By study design, the expanded access studies segment is expected to expand at the fastest CAGR of 6.4% over the forecast period. This is due to the rising innovation in this area
• North America dominated the market with a revenue share of over 45.0% in 2021. This can be attributed to several citizens being infected with multiple strains of HIV in this region. Due to this, multiple companies are investing in vaccine development to prevent HIV

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

HIV Clinical Trials Market Segmentation

Grand View Research has segmented the global HIV clinical trials market based on phase, study design, sponsor, and region:

HIV Clinical Trials Phase Outlook (Revenue, USD Million, 2018 - 2030)          

• Phase I
• Phase II
• Phase III
• Phase IV

HIV Clinical Trials Study Design Outlook (Revenue, USD Million, 2018 - 2030)          

• Interventional Studies
• Observational Studies
• Expanded Access Studies

HIV Clinical Trials Sponsor Outlook (Revenue, USD Million, 2018 - 2030)       

• Pharmaceutical & Biopharmaceutical Companies
• Non Profit Organizations
• Others

HIV Clinical Trials Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the HIV Clinical Trials Market

• PPD Inc.
• IQVIA Inc.
• Parexel International Corporation
• ICON plc
• Syneos Health
• WuXi AppTec 
• Janssen Global Services, LLC
• Gilead Sciences, Inc.
• Bionor Holding AS
• Charles River Laboratories
• GSK plc.
• SGS SA

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.

COVID-19 Detection PoC Kits Market Is Projected To Reach Approximately USD 2.67 Billion By 2030: Grand View Research Inc.

 COVID-19 Detection PoC Kits Market Growth & Trends

The global COVID-19 detection PoC kits market size is expected to reach USD 2.67 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of -3.9% from 2023 to 2030. The high prevalence of COVID-19, combined with the rising government initiative to tackle the COVID-19 pandemic around the globe is pushing the demand for POC COVID-19 kits for rapid COVID-19 detection, which is likely to drive the market. For instance, according to the WHO, the prevalence of coronavirus cases is high in countries such as the U.S., India, Brazil, France, and Germany and is reported to be 40.7% of overall coronavirus cases.

Transitioning focus of emerging players towards PoC and at-home testing and integration of advanced techniques has been witnessed in the last two years. This factor is expected to enhance patients’ convenience with time-consuming lab-based COVID-19 testing. For instance, in June 2021, Mylab Discovery Solutions, an Indian start-up, launched a new COVID-19 home test kit. This novel kit uses a nasal swab sample and a QR code to connect to a mobile app that offers results in 15 minutes.

COVID-19 Detection PoC Kits Market Report Scope 

Report Attribute	Details
Market size value in 2023	USD 3.516 billion
Revenue forecast in 2030	USD 2.67 billion
Growth rate	CAGR of -3.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2021
Forecast period	2023 - 2030

Increasing government support and a rise in testing in the country are expected to positively impact the market. As of July 2022, SAHPRA approved 129 molecular test kits for coronavirus detection. Furthermore, in 2020, African CDC launched the Partnership to Accelerate COVID-19 Testing (PACT), which aims to treat, trace, and test COVID-19 cases that would further minimize the impact of the pandemic.

With a high number of coronavirus cases, increasing demand for time-efficient testing was observed. The key players in the market focus on developing time-efficient and accurate testing kits. For instance, in June 2021, Roche’s SARS-CoV-2 Antigen Self-Test Nasal obtained a CE mark for at-home coronavirus testing. The test is expected to be available through pharmacies and other locations in compliance with local guidelines & testing strategies.

Certain factors such as an increase in vaccination improved strategies to counter the pandemic, and natural immunity from previous infections, resulting in a mild response to SARS-CV-2 are responsible for a decline in deaths. The health authorities along with regional governments are focusing on intensifying vaccinations around the globe to tackle the present and future possibilities of coronavirus infections. These factors are expected to hamper the market growth in the coming years.

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COVID-19 Detection PoC Kits Market Report Highlights

• By sample handling, the RT-PCR testing segment held the largest share of the market. This is attributed to the majority of the SARS-CoV-2 detection tests being based on RT-PCR technology for quantification of RNA in the samples of patients infected with coronavirus, which in turn is likely to anticipate market growth
• The PoC testing devices/kits segment is expected to grow lucratively during the forecast period. Advancements in PoC technology for diagnosis of SARS-CoV-2 virus infection are aimed at minimizing assay duration and enhancing testing capacity to prevent further transmission of the disease
• The introduction of various molecular diagnostic tests requiring nasopharyngeal swab samples is expected to boost nasopharyngeal swab segment growth
• The hospitals segment accounted for the maximum revenue share in 2022 and is expected to dominate the market during the forecast period. This can be attributed to the increasing number of SARS-CoV-2 tests being conducted to prevent the transmission of infection
• North America held a significant share in the market in 2022 due to the presence of key payers focused on developing diagnostic tests by incorporating several technologies, and the presence of high R&D investment in the region
• In Asia Pacific, the market is expected to grow considerably in the future owing to the high prevalence of the coronavirus and the presence of key players 

Access Press Release@ https://www.grandviewresearch.com/press-release/global-covid-19-detection-poc-kits-market

COVID-19 Detection PoC Kits Market Segmentation

Grand View Research has segmented the global COVID-19 detection PoC kits market based on sample handling, sample type, end-use, and region:

COVID-19 Detection PoC Kits Sample Handling Outlook (Revenue, USD Million, 2020 - 2030)

• RNA extraction systems
  • Rapid Testing Kits
  • Point-Of-Care Testing Devices
  • RT-PCR testing

COVID-19 Detection PoC Kits Sample Type Outlook (Revenue, USD Million, 2020 - 2030)

• Nasopharyngeal (NP) swab
• Oropharyngeal (OP) swab
• Nasal Swabs
• Saliva

COVID-19 Detection PoC Kits End-use Outlook (Revenue, USD Million, 2020 - 2030)

• Hospitals
• Home Care
• Diagnostic Centers and Clinics
• Others
  • Government Settings
  • NGOs

COVID-19 Detection PoC Kits Regional Outlook (Revenue, USD Million, 2020 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • South Korea
  • Bangladesh
  • Sri Lanka
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Kenya
  • Tanzania
  • Uganda
  • Ethiopia
  • Nigeria

List of Key Players in the COVID-19 Detection PoC Kits Market

• Abbott Laboratories
• Mylab Discovery Solutions Pvt. Ltd.
• Convergent Technologies
• Thermo Fisher Scientific, Inc.
• Hoffmann-La Roche
• Cepheid
• BGI
• Cue health Inc.
• SD Biosensor Inc.
• Quest Diagnostics

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.

Europe Hyperspectral Imaging Market Predicted to Witness Steady Growth During the Forecast Period: Grand View Research Inc.

 Europe Hyperspectral Imaging Market Growth & Trends

The Europe hyperspectral imaging market size is expected to reach USD 7.33 billion by 2030, according to a new report by Grand View Research, Inc. The industry is expected to register a CAGR of 9.4% from 2022 to 2030. The HSI technology is highly useful in detecting a broad spectrum of light rather than simply assigning the primary colors (red, green, and blue) to each pixel. It is used in a variety of applications, including the chemical, pharmaceutical, medical diagnostic, food, agricultural, aerospace, and defense industries. The growing use of HSI in these applications is expected to boost industry growth. Furthermore, the technological advancements in instrumentation and data analysis of HSI are expected to contribute to market growth.

The industry is expected to develop in the coming years as a result of rapid industrialization and the demand for high bandwidth communication. In addition, to obtain a competitive edge, leading competitors are shifting to product upgrades, regional expansions, portfolio diversifications, and mergers & acquisitions. For instance, in May 2022, Specim, a leading HSI instruments & systems manufacturer, in partnership with Grupo Álava, strengthened its presence in Spain and Portugal. In addition, industry expansion is predicted to be fueled by the increased R&D and growth prospects in Europe as well as efforts to uphold international product quality standards.

Growing chemical, pharmaceutical, food, aerospace, medical diagnostics, and defense industries coupled with increasing awareness about precision diagnosis across the region are also expected to contribute to the industry growth. Furthermore, there has been growing adoption of hyperspectral technologies in hospitals for the identification and diagnosis of solid tumors and imaging guidance tools during the joining of tissues after tumor removal, especially in gastric cancer. This is expected to boost the demand for HSI technology. Cancer has become one of the leading causes of death in Europe, thus augmenting the adoption of HSI. For instance, according to the International Agency for Research on Cancer, Europe accounted for about 4,398,443 new cancer cases and 1,955,231 deaths in 2020.

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Europe Hyperspectral Imaging Market Report Highlights

• By product, the hyperspectral camera segment is estimated to account for the largest share of the overall revenue by 2030
• The growth of this segment can be attributed to the recent advancements in sensor development
• By application, the military segment accounted for the largest share of the overall revenue in 2021
• The growth can be attributed to the advancements in data management of HSI along with component fabrication techniques, better accuracy, and consistency compared to other conventional imaging techniques

Access Press Release@ https://www.grandviewresearch.com/press-release/europe-hyperspectral-imaging-market-analysis

Europe Hyperspectral Imaging Market Segmentation

Grand View Research has segmented the Europe hyperspectral imaging market based on product and application:

Europe Hyperspectral Imaging Product Outlook (Revenue, USD Million, 2018 - 2030)

• Camera
• Accessories

Europe Hyperspectral Imaging Application Outlook (Revenue, USD Million, 2018 - 2030)

• Military
• Remote Sensing
• Medical Diagnostics
• Machine Vision & Optical Sorting
• Others

List of Key Players in the Europe Hyperspectral Imaging Market

• Imec
• XIMEA GmbH
• Resonon, Inc.
• Headwall Photonics, Inc.
• Telops, Inc.
• Corning, Inc.
• Norsk Elektro Optikk AS
• Cubert GmbH
• EVK DI Kerschhaggl GmbH
• Inno-spec GmbH
• SPECIM Spectral Imaging Ltd.
• Diaspective Vision GmbH

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.