North America Plastic Recycling Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 North America Plastic Recycling Market Growth & Trends

The North America plastic recycling market size is expected to reach USD 7.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.1% from 2021 to 2028. Recycled plastic packaging provides an environment-friendly solution compared to virgin plastic. The growing use of recycled plastics in packaging is expected to fuel the demand for plastic recycling in the region. The packaged food industry in North America has grown tremendously in recent years.

The packaged food industry is driven by innovation in processing techniques, which are used for enhancing the shelf life of food products. The demand for packaging is high, especially for snack food and beverage products, which can be attributed to technological improvements, lifestyle changes of consumers, modern retail trades, and the increasing popularity of quick-service restaurants. For example, consumers in North America prefer packaging that is light and aesthetically appealing. This is likely to fuel the growth of packaging in the coming years, thereby creating demand for plastic recycling.

North America Plastic Recycling Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 3.3 billion
Revenue forecast in 2028	USD 7.7 billion
Growth rate	CAGR of 13.1% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

Furthermore, growing demand for packaged foods is anticipated to prompt manufacturers to increase production capacity, thereby, augmenting the demand for packaging over the forecast period. For instance, The Coca-Cola Company, which is engaged in the production of beverages, has achieved 88% of its packaging products made from recycled plastics in 2019 and aims to increase this number to 100% by 2025. In recent years, there has been a significant shift toward the adoption of recycled plastics as a sustainable packaging solution.

The outbreak of COVID-19 has further fueled the growth of packaging. Social distancing measures, health awareness, and lockdown imposed by various governments to contain the spread of the pandemic have compelled consumers to rely more on food delivery services and e-commerce sites. Thus, the growing packaging industry is anticipated to create significant demand for recycled plastics in coming years thereby, further propelling the growth of the market in the region.

The recycled polyethylene product segment is estimated to witness significant growth over the forecast period. This is attributed to the rising consumption of polyethylene for the production of reusable bags, agriculture films, toys, milk bottles, housewares, containers, shampoo bottles, trays, food packaging films, and toys, among others. Furthermore, properties such as excellent resistance to solvents, high tensile strength, flexibility, toughness, and relative transparency are driving the demand for polyethylene in the above-mentioned application.

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North America Plastic Recycling Market Report Highlights

• In terms of revenue, the polyethylene segment accounted for a prominent share in the market in 2020 and is further expected to witness prominent growth over the forecast period
• The packaging end-use segment dominated the market and accounted for more than 36.0% of the revenue share in 2020
• As of 2020, the U.S. accounted for more than 90.0% revenue share in the overall market. Growing environmental concerns and government investments in advanced plastics recycling technologies are expected to positively influence the growth of the market in the U.S.
• Various strategic initiatives were recorded over the past few years to boost the growth of the market in North America. For instance, in February 2020, Carbonlite Inc. planned to construct its fourth PET recycling plant near Orlando, Florida in the U.S. The plant is expected to be functional by the end of 2021, with a recycling capacity of 40,000 tons per annum

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North America Plastic Recycling Market Segmentation

Grand View Research has segmented the North America plastic recycling market on the basis of basis of product, process, end-use, and country:

North America Plastic Recycling Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Polyethylene
  • High-Density Polyethylene
  • Low Density Polyethylene
  • Linear Low-Density Polyethylene
• Polyethylene Terephthalate
• Polypropylene
• Polyvinyl Chloride
• Polystyrene
• Others

North America Plastic Recycling Process Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Chemical
• Mechanical

North America Plastic Recycling End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Building & Construction
• Packaging
• Electrical & Electronics
• Textiles
• Automotive
• Others

North America Plastic Recycling Country Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• US.
• Canada

List of Key Players of North America Plastic Recycling Market

• Agilyx
• Brightmark LLC
• PLASTIPAK HOLDINGS, INC.
• MBA Polymers Inc.
• UltrePET LLC
• KW Plastics

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.

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

 Medical Device Packaging Market Growth & Trends

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

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

Medical Device Packaging Market Report Scope

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

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

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

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

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Medical Device Packaging Market Report Highlights

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

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Medical Device Packaging Market Segmentation

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

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

• Plastic
• Paper & Paperboard
• Metal
• Others

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

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

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

• Equipment & Tools
• Devices
• IVD
• Implants

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

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

List of Key Players of Medical Device Packaging Market

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

About Grand View Research

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

North America Thermoformed Plastics Market Pegged For Strong Growth During 2021-2028: Grand View Research Inc.

 North America Thermoformed Plastics Market Growth & Trends

The North America thermoformed plastics market size is expected to reach USD 8.86 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.8% from 2021 to 2028. Increasing adoption of the thermoformed plastic resin in the consumer goods, food packaging, medical and healthcare, electronics, and automotive sectors is projected to fuel the market growth during the forecast period. Thermoformed plastics reduce the overall weight of the vehicles, which helps in increasing energy efficiency.

The COVID-19 pandemic has made packaged foods and consumer electronics an intrinsic part of consumer’s lifestyles. Many thermoformed plastic manufacturing companies have already started developing their facilities to cater to the rising concerns due to the COVID-19 pandemic. For instance, in December 2020, Placon Corporation commenced the construction of USD 15 million additional capacity at its Elkhart, Indiana facility. This is expected to house the production of custom plastic packaging for the medical and healthcare industries.

North America Thermoformed Plastics Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 6.84 billion
Revenue forecast in 2028	USD 8.86 billion
Growth Rate	CAGR of 3.8% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

In July 2021, California-based Plastion Industries, Inc. announced to establish a new 100,000-square-foot manufacturing facility in Texas. This new manufacturing facility is expected to produce components for Tesla’s forthcoming Austin factory. The facility is expected to open this fall. Plastion Industries, Inc. provides injection molding, thermoforming, and other services to industries including consumer goods, medical, and automotive. This facility is expected to provide Plastion Industries, Inc. an opportunity to strengthen its foothold in the automotive sector.

Environmental awareness has propelled many electronics companies to produce electronic devices from bio-based polymers as a part of their sustainability goals. This can prove to be one of the major driving factors for the production of thermoformed plastics over the forecast period. In July 2021, SABIC announced the development of bio-based polycarbonate Lexan film and sheet products derived from certified renewable feedstock, which is expected to cater to the rising demand in a wide range of applications, including automotive, construction, specialty glazing, and electrical and electronics.

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North America Thermoformed Plastics Market Report Highlights

• The polypropylene product segment accounted for the largest revenue share in 2020 and is further expected to witness prominent growth over the forecast period
• The food packaging application segment dominated the market and accounted for a revenue share of more than 40.0% in 2020
• In 2020, the U.S. accounted for the largest revenue share of more than 75.0%. The presence of well-established automotive manufacturing players such as Tesla, General Motors Company, and Stellant is anticipated to provide impetus to the market growth
• Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in May 2021, Tide Rock Holdings acquired Plastics Design & Manufacturing, a heavy gauge thermoformed plastic manufacturer. This strategic initiative by Tide Rock Holdings is aimed at the expansion of its plastics manufacturing business in the western region

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North America Thermoformed Plastics Market Segmentation

Grand View Research has segmented the North America thermoformed plastics market based on product, process, application, and country:

North America Thermoformed Plastics Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Polymethylmethacrylate (PMMA)
• Bio-degradable Polymers
• Polyethylene (PE)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyvinyl Chloride (PVC)
• High Impact Polystyrene
• Polystyrene (PS)
• Polypropylene (PP)

North America Thermoformed Plastics Process Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Plug Assist Forming
• Thick Gauge Thermoforming
• Thin Gauge Thermoforming
• Vacuum Snapback

North America Thermoformed Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Medical & Healthcare
• Food Packaging
• Electrical & Electronics
• Automotive
• Construction
• Consumer Goods & Appliances
• Others

North America Thermoformed Plastics Country Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• US.
• Canada
• Mexico

List of Key Players of North America Thermoformed Plastics Market

• Pactiv LLC
• Sonoco Products Company
• CM Packaging
• Placon
• Genpak, LLC
• Anchor Packaging LLC

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.

Category Management Software Market Soaring Demand Assures Motivated Revenue Share By 2030

 Category Management Software Market Growth & Trends

The global category management software market size is expected to reach USD 3.79 billion by 2030, growing at a CAGR of 11.1% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing demand for omnichannel retailing to facilitate operations efficiently is expected to drive industry growth. The retail industry is still far from organized and still contributes a major factor in numerous economies worldwide. At the same time, malls also play a vital role in achieving revenue targets. For instance, from shopping, health, and wellness to gaming and entertainment, malls cater to every segment to meet the growing customer demands.

The use of category management solutions in these retail stores of malls can play a vital role in maintaining the inventory stocks per customer preferences. Moreover, awareness about these solutions for proper placements of products in retail stores contributes significantly to the industry development. There is a growing need for category management software solutions, especially in the retail segment and other B2C modes. These types of businesses possess considerable growth potential, and the implementation of category management software solutions by retailers is anticipated to open up new business opportunities for software developers. Hence, the industry leaders are focusing on catering to the retail segment’s needs owing to their increased scalability.

The adoption of category management software offers multiple advantages, such as comprehensive and customizable graphical reports. Category management solutions help retailers analyze what customers want their products based on their purchasing behavior. The category management solutions allow retailers, in turn, to concentrate on improving the sales process and boosting revenue. Moreover, it also aids businesses with category insights and required improvements in the procuring process, which attracts many industry players to adopt category management software to make strategic decisions.

The COVID-19 outbreak has significantly impacted industry development. Major retailers, such as Amazon and Walmart, have shifted from traditional to hybrid-digital mode. Thus, growing digitalization and the introduction of category management software by key players are expected to drive industry growth. COVID-19 has impacted the industry significantly. Major retailers, such as Amazon and Walmart, have shifted from traditional mode to hybrid-digital mode. Thus, the growing digitalization and introduction of category management software by key players are expected to drive industry growth.

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Category Management Software Market Report Highlights

• The floor planning software segment is expected to witness the fastest CAGR during the forecast period. The growing consumer demand for user-friendly and enhanced floor planning software, supported by digitalization, is boosting the segment growth
• The managed services segment is expected to register the fastest CAGR during the forecast period. The increasing demand for maintenance and support services is driving the segment
• The cloud segment is anticipated to register the fastest CAGR during the forecast period. Aggressive implementation of cloud-based software to deliver global insights responsible for business productivity is fueling the segment growth
• The Small & Medium Enterprises (SMEs) segment is anticipated to showcase remarkable growth during the projection period due to the increasing number of SMEs across the globe
• The retail segment dominated the industry in 2021 due to the hybrid physical and digital environment that the software offers for catering to the changing consumer needs
• Asia Pacific is anticipated to grow at the fastest CAGR during the forecast period. The growth is attributed to the rising number of large retail stores to cater to the growing customer demands in the region

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Category Management Software Market Segmentation

Grand View Research has segmented the global category management software market based on solution, service, deployment, enterprise size, application, and region:

Category Management Software Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Planogram Software
• Floor Planning Software
• Assortment Planning
• Others

Category Management Software Service Outlook (Revenue, USD Million, 2017 - 2030)

• Managed Services
• Professional Services

Category Management Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud-based
• On-premise

Category Management Software Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises
• Small & Medium Enterprises

Category Management Software Application Outlook (Revenue, USD Million, 2017 - 2030)

• Retail
• Distribution
• Consumer Packaged Goods

Category Management Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of the Category Management Software Market

• Oracle Corp.
• Aptos, LLC
• Board International S.A.
• Interactive Edge
• 42 Technologies, Inc.
• Epicor Software Corp.
• Softvision
• GEP
• JAGGAER
• DotActiv (Pty) 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.

Artificial Intelligence In Cybersecurity Market Booming Trends and Forecast Assessment for the Period 2022 to By 2030

 Artificial Intelligence In Cybersecurity Market Growth & Trends

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

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

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

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

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

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Artificial Intelligence In Cybersecurity Market Highlights

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

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Artificial Intelligence In Cybersecurity Market Segmentation

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

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

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

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

• Hardware
• Software
• Services

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

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

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

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

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

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

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

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

List of Key Players of Artificial Intelligence In Cybersecurity Market

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

About Grand View Research

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

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.

Request a free sample copy or view the report summary: IT & Telecom Cyber Security Market Report

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

Access Press Release@ https://www.grandviewresearch.com/press-release/global-it-telecom-cyber-security-market

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.

Request a free sample copy or view report summary: Point Of Sale Software Market Report

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.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-point-of-sale-software-market

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.