Core Banking Software Market to Observe Strong Development by 2030: Grand View Research Inc.

Core Banking Software Market Growth & Trends

The global core banking software market size is expected to reach USD 21.61 billion by 2030, expanding at a CAGR of 9.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. The expansion of the market can be accredited to the upsurge in the embrace of core banking technology by banks and financial institutions on a global scale. This technological advancement is facilitating the synchronization of front, middle, and back-office operations for numerous banks worldwide.

Core banking software enables banks and financial institutions to scale operations and achieve economies of scale. Moreover, the rise of digital and online banks has changed customer preferences for convenient and easy-to-use channels. Core banking software solutions help traditional banks innovate, launch new products quickly, and reduce time to market.

In recent years, the amount of structured and unstructured data available to banks has increased significantly. Automation enables banks to leverage advanced analytics tools to study customer data and identify patterns and trends. With predictive analytics, banks can anticipate customer preferences, behavior, and potential needs, enabling them to offer targeted and timely offers and recommendations.

The pandemic adversely affected financial institutions that lacked the technology to adapt. While initially, firms, such as banks, were taken aback, they realized the need for technological enhancements for continued operations. The accelerated digital transformation initiatives are expected to bode well for market growth over the forecast period.

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Core Banking Software Market Report Highlights

• Within the solutions segment, the enterprise customer solutions segment is expected to grow significantly over the forecast period. Enterprise customer solutions help banks effectively track and process every transaction that a customer does at a bank. It also helps in improving the efficiency of operations
• The core banking managed services model provides banks and financial institutions with a competitive advantage by guaranteeing superior user-friendliness, comprehensive functionality, bug resolution, and timely enhancements. Contemporary financial institutions require several intricate systems to operate concurrently, ensuring seamless service provision and optimal availability. This aspect is anticipated to bolster the requirement for managed services throughout the projected timeframe
• Traditional infrastructure deployed on-site necessitates substantial initial expenditures and continuous upkeep expenses. Cloud computing eradicates the requirement for costly hardware and infrastructure, as financial institutions can procure resources based on a consumption-driven approach. This financially efficient paradigm assists banks in optimizing their information technology expenditures
• The growing necessity to enhance the productivity and operational effectiveness of banks is projected to propel the uptake of core banking software within the banking sector throughout the forecast period. Core banking software empowers customers to oversee their accounts globally, concurrently streamlining the intricacies of banking operations and transactions
• The Asia Pacific region is anticipated to emerge as the fastest-growing market over the forecast period. The primary drivers of growth include the high penetration of smartphones and digital services. Moreover, rising awareness of the use of the latest technology among the youth is expected to drive growth

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Core Banking Software Market Segmentation

Grand View Research has segmented the global core banking software market based on solution, service, deployment, end-use, and region.

Core Banking Software Solution Outlook (Revenue, USD Million, 2017 - 2030)

• Deposits
• Loans
• Enterprise Customer Solutions
• Others

Core Banking Software Service Outlook (Revenue, USD Million, 2017 - 2030)

• Professional Service
• Managed Service

Core Banking Software Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premise

Core Banking Software End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Banks
• Financial Institutions
• Others

Core Banking Software Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Core Banking Software Market

• Capgemini
• Finastra
• FIS
• Fiserv, Inc.
• HCL Technologies Limited
• Infosys Limited
• Jack Henry & Associates, Inc.
• Oracle Corporation
• Temenos Group
• Unisys

About Grand View Research

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

AI Training Dataset Market Trends, Demand, Production, Analysis and Forecast to 2030: Grand View Research Inc.

 AI Training Dataset Market Growth & Trends

The global AI training dataset market size is expected to reach USD 8.61 billion by 2030 and expand at a CAGR of 22.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. Artificial intelligence technology is witnessing an upsurge and as organizations are transitioning towards automation, the demand for technology is rising. The technology has provided unprecedented advances across various industry verticals, including marketing, healthcare, logistics, transportation, and many others. The benefits of integrating the technology across multiple operations of the organizations have outweighed its costs, thereby driving adoption.

Due to the rapid adoption of artificial intelligence technology, the need for training datasets is rising exponentially. To make the technology more versatile and accurate with its predictions, many companies are entering the market by releasing various datasets operating across different use cases to train the machine learning algorithm. Such factors are substantially contributing to market growth. Prominent market participants such as Google, Microsoft, Apple Inc, and Amazon have been focusing on developing various AI training datasets. For instance, in September 2021, Amazon launched a new dataset of commonsense dialogue to aid research in open-domain conversation.

Factors such as the cultivation of new high-quality datasets to speed up the development of AI technology and deliver accurate results are driving market growth. For instance, in January 2019, IBM Corporation, a technology company, announced the release of a new dataset that comprises 1 million images of faces. This dataset was released to help developers train their face recognition systems supported by artificial intelligence technology with a diverse dataset. This dataset will allow them to increase the accuracy of face identification. For instance, in May 2021, IBM launched a new data set called CodeNet with 14 million sample sets to develop machine learning models that can help in programming tasks.

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AI Training Dataset Market Report Highlights

• Increasing the creation of synthetic training data for unsupervised and supervised training of machine learning algorithms is driving the adoption of datasets by organizations thereby catalyzing the market growth.  
• The image/video segment is expected to portray a high growth rate, with a CAGR of approximately 25% over the projected period.
• Asia Pacific regional market is expected to have significant growth over the forecast period, owing to the substantial adoption of AI technology.

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AI Training Dataset Market Segmentation

Grand View Research has segmented the global AI training dataset market based on type, vertical, and region:

AI Training Dataset Type Outlook (Revenue, USD Million; 2017 - 2030)

• Text
• Image/Video
• Audio

AI Training Dataset Vertical Outlook (Revenue, USD Million; 2017 - 2030)

• IT
• Automotive
• Government
• Healthcare
• BFSI
• Retail & E-commerce
• Others

AI Training Dataset Regional Outlook (Revenue, USD Million; 2017 - 2030)

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

List of Key Players in the AI Training Dataset Market

• Google, LLC (Kaggle)
• Appen Limited
• Cogito Tech LLC
• Lionbridge Technologies, Inc.
• Amazon Web Services, Inc.
• Microsoft Corporation
• Scale AI Inc.
• Samasource Inc.
• Alegion
• Deep Vision Data

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.

Writing Instruments Market Report by Opportunity, Demand, Recent Trends, Major Driving Factors and Business Growth Strategies

 Writing Instruments Market Growth & Trends

The global writing instruments market size is expected to reach USD 23.94 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.4% from 2024 to 2030. The introduction of innovative multipurpose writing instruments such as pens, pencils, and coloring pens for school and institutional usage is expected to increase demand and scope of coloring instruments globally. This trend is expected to remain a prominent factor in augmenting product demand throughout the forecast period. Key companies have been amplifying their product portfolios by incorporating new and innovative products to gain maximum market share.

The introduction of new and innovative multipurpose writing instruments has played an important role in broadening product scope. Manufacturers are developing new product offerings such as stylus pens, colored inks, and pencils in various sizes. Furthermore, businesses are implementing innovative solutions to expand the application scope among students.

The pens segment led in terms of revenue share in 2023 and is expected to witness progressive growth in demand during the forecast period. Pens are classified according to their ink colorants and ink composition. The availability and accessibility of a diverse range of pen types such as ballpoint pens, rollerball pens, gel pens, and ink pens at various price points boosts the demand for pens among users. The coloring instruments segment is also expected to witness steady growth during the forecast period owing to the growing awareness among students and professionals regarding the importance of highlighters, markers, and other coloring pens.

Students accounted for the largest share in the industry in terms of application in 2023 and this segment is anticipated to expand at the fastest CAGR of 4.7% from 2024 to 2030. The global student population continues to increase, resulting in a steadily rising customer base for writing instrument manufacturers. As educational opportunities expand and literacy rates improve, more students are enrolling in schools, colleges, and universities thus driving market growth.

The stationeries distribution channel segment is expected to lead the segmental share due to its benefits such as the opportunity to test and try a product before purchase. These products are affordable and accessible as they are available at low prices across stationeries. The instant buying of such products from stationery stores is expected to drive consumers to opt for stationaries as a selling medium.

The Asia Pacific region is projected to lead this market through 2030 on account of increasing awareness regarding the importance of education among the young population in this region. Government initiatives on the expansion of educational institutions across developing countries such as India, Bangladesh, Sri Lanka, and other countries for betterment of the educational sector are expected to set new opportunities for the writing instrument market. New product launches and establishment of strategic business units in developing economies including China and India are expected to remain key growth strategies among the industry participants.

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Writing Instruments Market Report Highlights

• Pens accounted for a dominant global revenue share of 36.0% in 2023. Pens are classified according to their ink colorants and ink composition. The availability and accessibility of a diverse range of pen types such as ballpoint, rollerball, gel, and ink pens at various price points boosts their demand among users.
• Students contributed the largest revenue share among applications, generating a revenue of over USD 10 billion in 2023. Writing instruments are essential tools for students in their academic pursuits.
• Stationeries accounted for a leading revenue share of 35.8% in 2023. This segment has been gaining traction owing to benefits offered by stationeries such as physical verification of products before purchase.
• Asia Pacific held a share of over 31.3% of the global market in 2023, on account of an increasing awareness regarding the importance of education among this region’s younger population.

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Writing Instruments Market Segmentation

Grand View Research has segmented the global writing instruments market report on the basis of product, application, distribution channel, price range, and region:

Writing Instruments Product Outlook (Revenue, USD Million, 2018 - 2030)

• Pen
  • Ball Point Pen
  • Gel Pen
  • Fountain Pen
  • Others
• Pencil
  • Graphite Pencil
  • Mechanical Pencil
• Coloring Instruments
• Highlighters and Markers
• Others

Writing Instruments Application Outlook (Revenue, USD Million, 2018 - 2030)

• Students
• Working Professionals
• Institutions

Writing Instruments Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Stationaries
• Hypermarket/Supermarket
• Departmental Stores
• Online

Writing Instruments Price Range Outlook (Revenue, USD Million, 2018 - 2030)

• Low (less than 20$)
• Mid (20$ - 100$)
• High (above 100$)

Writing Instruments Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Writing Instruments Market

• Faber-Castell AG
• Newell Brands, Inc.
• Mitsubishi Pencil Co., Ltd.
• Linc Limited
• Hindustan Pencils Private Limited
• Flair Writing Industries Limited
• Shanghai M&G Stationery Inc.
• Pentel Co., Ltd.
• Luxor
• Pilot Corporation of America

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.

Biomass Power Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing

 Biomass Power Market Growth & Trends

The global biomass power market size is expected to reach USD 203.61 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% over the forecast period. The growing concerns about Greenhouse Gas (GHG) emissions have resulted in favorable policies and regulations for renewable energy, which has been the key factor driving the growth of this market. The COVID-19 pandemic has hampered the market growth globally owing to the disruptions in the supply chain, which resulted in delays for some projects. The power demand has declined from commercial and industrial end-users in the non-essential category due to the closure of operations during the lockdown.

These factors have resulted in delays in the construction of new biomass power plants and reduced power supply from existing biomass power plants. Solid biofuel has emerged as the dominant feedstock segment in the market owing to its easy availability. Moreover, it is simpler to use than liquid biofuel and biogas in power generation applications. The combustion technology segment accounted for the largest market share in 2021, in terms of revenue. The growth of this segment can be attributed to lower costs of combustion technology than anaerobic digestion and gasification technologies. Europe has emerged as the major regional market owing to the presence of supportive policies and plans, coupled with the announcement of the phasing-out of coal-based power plants by the leading European countries, such as the U.K., Germany, and France.

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Biomass Power Market Report Highlights

• In terms of revenue, the solid biofuel segment accounted for the dominant revenue share in 2021 and is projected to expected further over the forecast period
• Germany dominated the Europe regional market and accounted for the maximum revenue share in 2021
• The high rate of depletion of fossil fuels in the Europe region is creating ample growth opportunities for this market
• The European Union has set a target to fulfill a significant portion of its energy requirements from renewable sources
• The focus of governments of different countries of the region on reducing carbon emissions also creates ample opportunities for the market
• Some of the major strategic initiatives undertaken by vendors in the biomass power market include M&A & R&D activities, overseas business expansions, and strategic collaborations among the market participants

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Biomass Power Market Segmentation

Grand View Research has segmented the global biomass power market based on technology, feedstock, and region:

Biomass Power Technology Outlook (Volume, Million MWh; Revenue, USD Million, 2019 - 2030)

• Combustion
• Gasification
• Anaerobic Digestion

Biomass Power Feedstock Outlook (Volume, Million MWh; Revenue, USD Million, 2019 - 2030)

• Solid Biofuel
• Liquid Biofuel
• Biogas

Biomass Power Regional Outlook (Volume, Million MWh; Revenue, USD Million, 2019 - 2030)

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

List of Key Players of the Biomass Power Market

• Mitsubishi Heavy Industries, Ltd.
• Suez
• Xcel Energy Inc.
• Ramboll Group A/S
• Babcock & Wilcox Enterprises, Inc.
• Ørsted A/S
• Ameresco
• General Electric
• Veolia
• Vattenfall

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.

Eco Fiber Market is Anticipated to Upgrade $77.17 Billion Revenue By 2030: Grand View Research Inc.

 Eco Fiber Market Growth & Trends

The global eco fiber market size is expected to reach USD 77.17 billion by 2030, expanding at a CAGR of 7.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the rise in concern regarding the harmful environmental impacts of using synthetic fibers, which has been the major factor contributing to the increased demand for organic eco fiber for the past few years.

The increasing dependence on chemicals and pesticides to increase crop production has led to the mass degradation of the environment. This, in turn, has prompted governments and other regulatory bodies to follow numerous regulations. These regulations have been imposed on the manufacturing as well as disposal of synthetic sources of fiber production. This trend has further led to a shift in preference toward bio-based alternatives such as organic cotton, hemp, and other sources of eco fibers.

Eco fibers are also rapidly gaining popularity in designer garments and apparel. Continuous advancement in terms of the development of eco fiber textiles offering antimicrobial, hypoallergenic, insulating, UV resistant, highly breathable, and absorbent characteristics are expected to promote the importance of eco fibers in the clothing market over the forecast period.

Organic eco fibers is anticipated to witness the fastest growth rate across the forecast period. Organic cotton is gaining increasing popularity owing to its exceptional benefits such as the elimination of risks for chemical impact on human beings and surroundings and more premiums for the farmers. Additionally, organic cotton ensures health care and food security by providing contamination-free food.

However, the relatively small size of the organic clothing market has led to high prices of organic garments in the past few years. Sustainable fabrics are generally produced within the same manufacturing facility as that of conventional fabrics, thereby impacting the production time as well as cost, since all the machinery needs to be cleaned of conventional fabrics and contaminants prior to the production of sustainable fabrics.

The farming of conventional cotton and other crops involves the use of expensive GMO seeds and petroleum-based fertilizers. However, the growing and harvesting process of organic cotton is much longer as compared to conventional and chemically drenched cotton. Organic cotton harvesting does not involve the use of the aforementioned chemicals and is thus more labor intensive, leading to higher harvest costs.

The market is characterized by high capital investments and rising awareness regarding sustainable production methods and end-products. Key market players are continuously involved in R&D in order to develop novel eco-friendly fabrics and increase the renewable content of other fabrics. Additionally, the presence of established players, the rising focus on sustainability, and capital intensive nature of the market are expected to lower the threat of new entrants.

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Eco Fiber Market Report Highlights

• Regenerated fibers product segment of eco fiber market is expected to expand at a CAGR of 7.4% over the forecast period. The product is an integral part of Man-made fibers and is produced artificially by using either proteins or cellulose. Soy, corn, peanuts, and milk are some of the commonly used proteins in the production of regenerated fibers, commonly known as Azlons. Regenerated fibers made from cellulose comprise rayon and viscose. The rapidly growing medical textiles industry in India and China is expected to create ample growth opportunities for the product in the market.
• Medical textile application segment in eco fiber market accounted for revenue of USD 8.06 billion in 2022. The industry is one of the significant consumers of the eco fiber market. In medical textile application, eco fibers find application in baby diapers, incontinence products, sanitary napkins, surgical sutures, surgical dressing, artificial implants, and disposables. Technological advancements in medical & healthcare sector have resulted in increased use of medical textiles (as nanofibers) in wound healing, bone regeneration, and drug delivery applications.
• Central & South America eco fiber market is expected to grow at a CAGR of 8.3% in the forecast period owing to the growing textile industry in the region. The availability of raw materials, such as cotton and polyester, coupled with the presence of textile manufacturing units in the region has made Central & South America one of the largest producers of textiles including apparels. Additionally, free trade agreements, abundant availability of raw materials, upcoming events including sports & carnivals, and government initiatives to promote the textile industry are some of the key factors anticipated to drive market growth in the region over the forecast period.
• The eco fiber industry is highly fragmented in nature owing to rising awareness regarding products in fashion, industrial, and household applications. Industry participants are taking advantage of low-cost feed stock availability in India to compete with competitors in China and Middle East. However, despite the obstacles, new entrants are expected to increase spending on developing new products focusing towards eco-friendly smart textiles.

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Eco Fiber Market Segmentation

Grand View Research has segmented the global eco fiber market report based on product, application, and region:

Eco Fiber Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Organic
• Manmade/Regenerated
• Recycled
• Natural

Eco Fiber Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Textiles/Apparel
• Industrial
• Medical
• Household & Furnishing
• Others

Eco Fiber Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Eco Fiber Market

• Lenzing AG
• US Fibers
• Polyfibre Industries
• Grasim Industries Ltd.
• Wellman Advanced Materials
• Shanghai Tenbro Bamboo Textile Co. Ltd.
• China Bambro Textile (Group) Co., Ltd.
• Pilipinas Ecofiber Corporation
• Teijin Limited
• David C. Poole Company, Inc
• Foss Performance Materials

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.

Waste Heat Recovery System Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

Waste Heat Recovery System Market Growth & Trends

The global waste heat recovery system market size is expected to reach USD 102.41 billion by 2030, registering a CAGR of 9.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The upcoming evolution of waste heat recovery systems is expected to be amplified by investments in several industries such as refineries, heavy metals, paper & pulp, petrochemicals, and chemicals. Major manufacturing industries are actively adopting waste heat recovery systems to decrease their dependence on conventional energy and produce in-house power to reduce operational costs. For instance, in October 2022, Kawasaki Heavy Industries delivered a waste heat recovery power generation system to the Saitama cement plant of TAIHEIYO CEMENT CORPORATION located in Japan. The installation of this system was completed by the company in 2022. It carried out everything from the general plant designing to the equipment supplying and commissioning, as well as installation. The new system has a rated output of 7,850 kW or about 8 MW. By using waste thermal energy to generate electricity for internal usage, the Saitama cement plant can save money on outside power purchases and reduce its annual carbon dioxide (CO2) emissions by around 23,000 tons.

Rising awareness of clean energy across the industrial sector and availability of energy-saving certificates in developed countries such as the U.S. and regions such as the European Union are expected to boost the demand for waste heat recovery systems over the forecast period. The supportive policies in countries such as China, India, Japan, and Australia are expected to boost the market growth in Asia Pacific over the forecast period.

Moreover, government regulations such as the Energy Conservation (Amendment) Bill, 2022, and incentives related to deploying energy-efficient devices play a pivotal role in promoting energy efficiency across the world. A number of countries have established energy efficiency standards and labeling programs for various products, which encourage manufacturers and consumers to prioritize energy-efficient devices over traditional devices.

The market is a concentrated market where major companies such as Siemens Energy, Mitsubishi Power, Ltd., General Electric account for significant market share in the market in 2022. These companies apart from equipment supply are also focusing on various strategic initiatives including partnerships, new launches, collaborations, and expansion.

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Waste Heat Recovery System Market Report Highlights 

• Preheating segment is anticipated to grow at the fastest rate over the forecast period. One of the primary reasons for the growth of pre-heating applications is the potential for significant cost savings. By using waste heat instead of additional energy sources such as electricity and natural sources, companies can lower their operational expenses, making them more competitive in the market
• Petroleum refinery segment emerged as the largest segment with a market share of 20.9% in 2023 and is expected to register the fastest growth over the forecast period. The significant increase in CO2 emissions underscores the need for oil refineries to take immediate and aggressive action to reduce their carbon footprint. WHRS can play a crucial role in this by capturing and utilizing waste heat, which reduces the overall energy consumption of the facility and subsequently lowers emissions
• Liquid-liquid phase system emerged as the largest segment with a market share of 40.2% in 2023 and is expected to register robust growth over the forecast period. The rising demand for the growing petroleum and power industry across the globe driving the segment growth over the coming years. In the petroleum refining industry, the WHR systems are used for various procedures such as refinement, thermal cracking, and catalytic treatment
• Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in April 2023, Damco Energy chose GE to build a new power plant. GE will offer its potent 9HA.02 natural gas turbine, steam turbine, generator, and heat recovery steam generator to build the new power station of 840 megawatts (MW). The plant will be operational in 2026

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Waste Heat Recovery System Market Segmentation

Grand View Research has segmented the global waste heat recovery system market on the basis of on end-use, application, phase system, and region:

Waste Heat Recovery System Application Outlook (Revenue, USD Million, 2018 - 2030)

• Pre Heating
• Power & Steam Generation
• Others

Waste Heat Recovery System End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Petroleum Refinery
• Power
• Cement
• Chemical
• Metal Production & Casting
• Pulp & Paper
• Other

Waste Heat Recovery System Phase System Outlook (Revenue, USD Million, 2018 - 2030)

• Liquid-liquid Phase System
• Liquid-gas Phase System
• Thermal Regeneration

Waste Heat Recovery System Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Waste Heat Recovery System Market

• Siemens Energy
• Mitsubishi Power, Ltd.
• General Electric
• ABB
• Turboden S.p.A.
• Bosch Industriekessel GmbH
• Exergy International Srl
• Forbes Marshall
• IHI Corporation
• Terrapin

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.

Business-to-Business E-commerce Market Plying for Significant Growth During 2024-2030: Grand View Research Inc.

 

Business-to-Business E-commerce Market Growth & Trends

The global business-to-business e-commerce market size is projected to reach USD 57,578.97 billion by 2030, registering a CAGR of 18.2% from 2024 to 2030, according to a new study by Grand View Research Inc. Businesses are advocating for more efficient purchase processes with cashless and contactless payment choices as a result of the ongoing digital transformation. Business-to-Business (B2B) e-commerce enterprises are putting a strong emphasis on offering flexible payment options, including third-party financing and mobile wallets, which is prompting the growth of market growth. As B2B e-commerce enterprises continue to explore various alternatives to enhance purchasing experience, they are aggressively offering flexible payment options as part of their efforts to overcome the challenges associated with conventional payment options.

Cloud technology is poised to play a pivotal role in improving B2B capabilities as low infrastructure costs, and enhanced user experience with other apps, among other factors, continue to prompt B2B enterprises to rethink their business development strategy. With a cloud based B2B e-commerce market system in place, enterprises can ensure a scalable environment that enables them to respond to evolving business scenarios flexibly and agilely. The capacity of the cloud-based servers can be scaled dynamically in line with the changing demand and traffic. Moreover, given that the e-commerce software is deployed within an external data center, where both software and hardware are monitored and maintained simultaneously, software upgrades, hardware maintenance, security management, and data storage can be carried out dynamically without requiring any manual intervention.

Advances in AR and VR can also save the time consumers have to spend searching for the right products. The market enterprises aim to demonstrate their products or services in a virtual environment. For example, big-ticket items, such as industrial equipment and office spaces, can be promoted with the help of VR by featuring them in a 3D environment. Moreover, B2B e-commerce web and app developers can also create different experiences by combining AR with artificial intelligence (AI). At the same time, the growing preference among individuals for smart handheld and wearable devices, including smartphones and smart glasses, is driving the adoption of mobile AR to provide immersive experiences. All these trends are opening immense opportunities for the growth of the business-to-business e-commerce market.

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Business-to-Business E-commerce Market Report Highlights

• The intermediary-oriented segment is expected to register the highest CAGR of around 19% over the forecast period. Intermediaries-oriented businesses is anticipated to grow as a wide range of consumer groups, from small and medium-sized enterprises (SMEs) to large corporations, expanding market reach, boosting sales growth, and supporting business development in the B2B e-commerce sector
• The clothing segment is expected to register the highest CAGR of around 20% over the forecast period. The expansion of mobile devices and the implementation of omnichannel strategies enable companies to engage with customers across many encounters, enabling individualized shopping experiences and developing customer loyalty within the clothing B2B e-commerce ecosystem
• The Asia Pacific region is expected to register a significant CAGR of around 19% over the forecast period. E-commerce platforms and digital marketplaces enable companies in the APAC region to reach diverse customer segments and target markets, including SMEs to large enterprises, thereby expanding their market penetration, driving sales growth, and promoting business development in the market

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Business-to-Business E-commerce Market Segmentation

Grand View Research has segmented the global business-to-business e-commerce market based on product category, deployment, and region:

B2B E-commerce Product Category Outlook (Market Value, USD Billion, 2018 - 2030)

• Home & Kitchen Application
• Consumer Electronics
• Industrial & Science
• Healthcare
• Clothing
• Beauty & Personal Care
• Sports Apparels
• Books & Stationery
• Automotive
• Others

B2B E-commerce Deployment Outlook (Market Value, USD Billion, 2018 - 2030)

• Supplier-oriented
• Buyer-oriented
• Intermediary-oriented

B2B E-commerce Regional Outlook (Market Value, USD Billion, 2018 - 2030)

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

The Key Players in the B2B E-commerce Market include

• com, Inc.
• com
• ASOS
• Costco Wholesale Corporation
• Dangdang
• eBay Inc.
• com
• com
• Lazada
• MercadoLibre S.R.L.
• Shopify
• Shopee
• Walmart
• Wayfair LLC
• Zalando

About Grand View Research

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

Pharmaceutical Manufacturing Market Top Players ,Analysis And Forecast Till 2030: Grand View Research Inc.

Pharmaceutical Manufacturing Market Growth & Trends

The global pharmaceutical manufacturing market size is expected to reach USD 929.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 7.63% from 2023 to 2030. The pharmaceutical industry has undergone significant transformations as a result of technological advancements, cost-effective methods, and increased investments. These factors have had a positive impact on the growth of the market. The implementation of robotic technology and Artificial Intelligence (AI) has played a crucial role in reducing manufacturing floor downtime and minimizing product waste. By incorporating these technologies, efficiency, and productivity in pharmaceutical manufacturing processes have been greatly improved.

In addition, traditional open-transfer manufacturing methods have been replaced by the adoption of single-use disposable solutions, leading to streamlined operations and reduced risks of contamination. Moreover, there has been a notable shift toward integrated, smart, and data-rich paperless operations within the industry. This transition has resulted in error-free and precise production processes, ensuring the production of high-quality pharmaceutical products. These ongoing advancements in the market have significantly contributed to the progress of drug manufacturing. The development of personalized medicine has brought about a revolution in the healthcare sector, offering new opportunities to target various health conditions and paving the way for patient-centric models.

Consequently, there has been a shift from large-scale production to smaller batches to cater to the development of complex medicines and personalized treatments tailored to individual patients. This transformative shift has prompted manufacturers to restructure their supply chains in alignment with the patient-centric healthcare system. All such factors propel pharmaceutical manufacturing market growth over the forecast period. Furthermore, leading companies in the pharmaceutical industry have taken strategic initiatives to enhance their market presence and gain a competitive advantage. These key players actively engage in various activities, such as product development, collaboration & partnership models, agreements, business expansion, and merger & acquisition strategies.

These initiatives are also aimed at strengthening their product portfolios and meeting the growing demand for pharmaceutical products. For instance, in April 2022, Ferring Pharmaceuticals inaugurated an integrated manufacturing and research and development (R&D) facility in Hyderabad, India. This facility underscores Ferring's commitment to expanding its operations and capabilities. The R&D division of the facility focuses on areas, such as packaging development, formulation development, and analytical development. Ferring Pharmaceuticals aims to enhance its product offerings and meet the evolving needs of the market by investing in these areas.

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Pharmaceutical Manufacturing Market Report Highlights

• In 2022, the conventional drugs (small molecules) segment accounted for the highest revenue share of over 54.9%. This is attributed to the easy availability of small molecules products, with high market penetration
• The outsourcing segment dominated the market in 2022 with a revenue share of over 53%. Several benefits associated with outsourcing operations are expected to drive the segment growth at a lucrative pace over the coming years
• In terms of revenue, the tablets segment dominated the market with a share of over 26.08 % in 2022. This is due to the wide availability of tablet-based products and types, such as film and enteric-coated, effervescent, and orally disintegrating tablets
• The oral segment led the global market with a share of more than 58% in 2022. Oral dosage forms are affordable, easy to manufacture, and patient-friendly
• The prescription medicines segment accounted for the maximum revenue share of 83.76% in 2022 and will expand further at a steady CAGR over the forecast period due to the growing prescription drug expenditures across the globe
• North America dominated the market and accounted for a significant revenue share in 2022 due to a large number of strategic pharma partnerships, especially among the well-established and early-stage companies, in this region

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Pharmaceutical Manufacturing Market Segmentation

Grand View Research has segmented the global pharmaceutical manufacturing market based on molecule type, drug development type, formulation, route of administration, therapy area, prescription, age group, sales channel, and region:

Pharmaceutical Manufacturing Molecule Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Biologics & Biosimilars (Large Molecules)
  • Monoclonal Antibodies
  • Vaccines
  • Cell & Gene Therapy
  • Others
• Conventional Drugs (Small Molecules)

Pharmaceutical Manufacturing Drug Development Type Outlook (Revenue, USD Billion, 2018 - 2030)

• In-house
• Outsource

Pharmaceutical Manufacturing Formulation Outlook (Revenue, USD Billion, 2018 - 2030)

• Tablets
• Capsules
• Injectable
• Sprays
• Suspensions
• Powders
• Other Formulations

Pharmaceutical Manufacturing Route of Administration Outlook (Revenue, USD Billion, 2018 - 2030)

• Oral
• Topical
• Parenteral
• Inhalations
• Other Routes of Administration

Pharmaceutical Manufacturing Therapy Area Outlook (Revenue, USD Billion, 2018 - 2030)

• Cardiovascular Diseases (CVDs)
• Pain
• Diabetes
• Cancer
• Respiratory Diseases
• Other Diseases

Pharmaceutical Manufacturing Prescription Outlook (Revenue, USD Billion, 2018 - 2030)

• Prescription Medicines
• Over-the-counter (OTC) Medicines

Pharmaceutical Manufacturing Age Group Outlook (Revenue, USD Billion, 2018 - 2030)

• Children & Adolescents
• Adults
• Geriatric

Pharmaceutical Manufacturing Sales Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Retail
• Non-retail

Pharmaceutical Manufacturing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in the Pharmaceutical Manufacturing Market

• Hoffmann-La Roche Ltd.
• Novartis AG
• GlaxoSmithKline plc
• Pfizer, Inc.
• Merck & Co., Inc.
• AstraZeneca
• Johnson & Johnson
• Sanofi SA
• Eli Lilly and Company
• AbbVie, Inc.
• Thermo Fisher Scientific, Inc.
• Wuxi Apptec
• Samsung Biologics
• FUJIFILM Diosynth Biotechnologies U.S.A., Inc.
• Lonza
• Catalent Pharma Solutions
• Jubilant Pharmova Limited

About Grand View Research

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

Generative AI Market to Incur Meteoric Growth During 2024 to 2030: Grand View Research Inc.

 Generative AI Market Growth & Trends

The global generative AI market size is anticipated to reach USD 109.37 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 36.5% from 2024 to 2030. Growing demand to modernize workflow across industries is expected to drive the demand for generative AI applications among industries. Other factors that propel the market growth include the evolution of AI and deep learning, a rise of creative applications & content creation, and innovation of cloud storage, allowing easy data access. Moreover, the introduction of AI-powered gaming that provides more high-level visuals and graphics, interactivity, and a more realistic feel is projected to boost market growth in the coming years.

The COVID-19 pandemic had a positive impact on the market. Many organizations adopted AI & Machine Learning (ML) as a response to the pandemic. Many key players, such as Microsoft, IBM, Google LLC, and Amazon Web Services, Inc., witnessed a growth in sales of AI-based technology during the pandemic. Moreover, the accelerated advancement of digital platforms empowered the adoption of generative AI applications. For instance, in June 2020, Amazon Web Services, Inc. announced the addition of a new generative AI algorithm, Autoregressive Convolutional Neural Network (AR-CNN), to its AWS DeepComposer suite of products, allowing developers to create excellent music digitally.

AWS DeepComposer also provides learning capsules to developers to learn the basics of algorithms. Many generative AI market players offer solutions for numerous applications, such as text-to-image, image-to-image, and super-resolution. For instance, in March 2023, Microsoft Corporation, a software company in the U.S., launched Microsoft 365 Copilot, an AI assistant feature for Microsoft 365 services and applications. Microsoft 365 Copilot can benefit businesses by saving time, streamlining and automating their IT processes, and increasing productivity. Moreover, these industry players are researching generative AI technology for advanced image resolution, face aging, and video resolution technologies.

For instance, U.S.-based Tesla is developing autonomous algorithms using data from car sensors. Also, the neural networks are further trained to perform object detection and semantic segmentation. Investment in the AI and ML sectors to support the market will drive the North America regional market. The presence of tech players in the U.S. and Canada provides lucrative growth opportunities for the regional market. For instance, big tech companies like Microsoft Corporation, Google LLC, and Amazon Web Service are investing in generative AI startups and technology. Asia Pacific is expected to grow at a considerable CAGR from 2024 to 2030 owing to the expansion of end-user industries in countries, such as China and Japan.

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Generative AI Market Report Highlights

• The software segment accounted for the highest revenue share of 64.5% in 2023 and is expected to retain its position over the forecast period. Rising use of generative AI-based software owing to its benefits, such as better image resolution, reduced conversion time, enhanced performance, and quick availability of output is attributed to market growth
• The transformers technology segment dominated the market with a share of 41.3% in 2023 and is expected to grow at a significant CAGR from 2024 to 2030. This can be attributed to the rising adoption of transformer applications worldwide that focus on predicting text and analyzing words. The diffusion networks segment is expected to grow at the fastest CAGR of 39.1% from 2024 to 2030 due to the variety and penetration of diffusion network applications to deliver generative models that generate realistic output
• The media & entertainment segment accounted for the maximum revenue share of 22.6% in 2023 due to the increasing adoption of generative AI for creating better advertisement campaigns and generative AI-based digital platforms for shopping. The BFSI segment is likely to grow at the fastest CAGR from 2024 to 2030
• North America held the largest share of 40.2% in 2023 and is expected to grow at a significant CAGR from 2024 to 2030. This can be attributed to the presence of a large number of key players as well as technology organizations. Asia Pacific is anticipated to register a CAGR of over 37.5% from 2024 to 2030 owing to developing technology infrastructure and government initiatives
• In March 2022, Google LLC, announced the acquisition of Mandiant, a cybersecurity firm, for USD 5.4 billion. This acquisition would help Google LLC provide better advisory services and security operations suites, which will help customers resolve their most critical security challenges

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

Generative AI Market Segmentation

Grand View Research has segmented the global generative AI market based on component, technology, end-use, application, model, and region:

Generative AI Component Outlook (Revenue, USD Billion, 2017 - 2030)

• Software
• Service

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

• Generative Adversarial Networks (GANs)
• Transformers
• Variational Auto-encoders
• Diffusion Networks

Generative AI End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• Media & Entertainment
• BFSI
• IT & Telecommunication
• Healthcare
• Automotive & Transportation
• Gaming
• Others

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

• Computer Vision
• NLP
• Robotics And Automation
• Content Generation
• Chatbots & Intelligent Virtual Assistants
• Predictive Analytics
• Others

Generative AI Model Outlook (Revenue, USD Billion, 2017 - 2030)

• Large Language Models
• Image & Video Generative Models
• Multi-modal Generative Models
• Others

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

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

List of Key Players in the Generative AI Market

• Adobe Inc.
• Amazon Web Services, Inc.
• D-ID
• Genie AI Ltd.
• Google LLC
• International Business Machines Corporation
• Microsoft Corporation
• MOSTLY AI Inc.
• ai
• Synthesia

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.

Restaurant Management Software Market to Reflect a Holistic Expansion During 2023 to 2030: Grand View Research Inc.

 Restaurant Management Software Market Growth & Trends

The global restaurant management software market size is expected to reach USD 14.70 billion by 2030, expanding at a CAGR of 16.3% from 2023 to 2030, according to a recent report by Grand View Research, Inc. The market is expected to witness significant growth owing to the growing internet and smartphone penetration rate, the rising preference for Point-of-Sale (POS) technology, and the restaurants’ strong emphasis on making data-driven decisions for businesses.

Moreover, the growing focus of companies to improve client-server interaction with an IoT-based system has encouraged them to opt for advanced and custom high-performance message infrastructure solutions. Thus, more informed decisions are made based on the insights provided by the software, thereby increasing the profitability of the restaurant. With growing investments in technology in the restaurant industry, restaurant management software providers are expected to witness promising growth opportunities over the forecast period.

In recent years, automation has played an important role in the transformation of the restaurant industry. The growing need to deliver enhanced customer experiences has increased the adoption of the latest technologies that could simplify food ordering, delivery, and transaction processes for customers. The use of cashless payment mobile apps and wallets, QR-code menus, and other touchless payments is poised to become more mainstream over the forecast period. Several restaurant owners have started investing heavily in kitchen automation solutions to deliver consistent customer experience and achieve efficiency across all business operations. This trend is also expected to drive market growth.

Several vendors are offering a myriad of restaurant management software solutions that can streamline the operations of restaurants. Although several vendors offer standalone restaurant solutions, these solutions do not allow unified interaction with other systems already deployed by restaurants. As a result, restaurateurs end up with different systems operating in the same business environment but having limited connectivity with each other, which restricts the mutual sharing of information. This is driving the demand for a unified software platform that can cater to all the major software applications required by a restaurant, or can integrate easily with other prominent software solutions. These factors would further drive the industry’s growth.

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Restaurant Management Software Market Report Highlights

• The cloud segment accounted for a market share of 55.3% in 2022. Benefits such as easy maintenance and automatic upgradation, availability of large data storage space, improved data security, and easy integration with other technologies deployed for managing distinct operations in the restaurant are driving the demand for cloud-based solutions
• The purchasing & inventory management segment is anticipated to observe a CAGR of 16.5% during the forecast period. The growth can be attributed to the increasing demand from restaurants for software solutions that serve automated purchase control, determine food availability in fresh conditions, manage food and stock availability in the warehouse, and prevent the mixing of certain ingredients. This has enabled software providers to offer one-stop solutions to restaurant owners
• The Quick Service Restaurant (QSR) segment is anticipated to observe a CAGR of 18.0% during the forecast period. By leveraging technologies such as scan and learn, mobile ordering apps and websites, and freshness detectors, QSRs can provide details about the food ingredients and their nutritional content to help customers make healthier and informed food choices. For instance, Track My Macca’s, an Australian McDonald’s app, allows customers to scan an order and track the details of ingredients used in their food
• The Asia Pacific regional market size is expected to reach USD 4,337.9 million by 2030. Due to the significant growth opportunities in developing countries such as India and China, the region is a prominent market for full-service restaurants. Furthermore, the region's growing demand for organized food services and the growing trend of out-of-home dining is expected to drive regional market growth

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

Restaurant Management Software Market Segmentation

Grand View Research has segmented the global restaurant management software market based on software, deployment, end-use, and region:

Restaurant Management Software Outlook (Revenue, USD Million, 2018 - 2030)

• Front-end Software
• Accounting & Cash Flow
• Purchasing & Inventory Management
• Table & Delivery Management
• Employee Payroll & Scheduling
• Others

Restaurant Management Software Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud
• On-premise

Restaurant Management Software End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Full-service Restaurant (FSR)
  • Fine Dine
  • Casual Dine
• Quick Service Restaurant (QSR)
• Institutional
• Others

Restaurant Management Software Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Restaurant Management Software Market

• Fiserv, Inc.
• Personica (Fishbowl Inc.)
• Fourth Enterprises LC.
• Jolt
• NCR Corporation
• OpenTable, Inc.
• Oracle Corporation
• Revel Systems
• Square Capital, LLC
• TouchBistro

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.