Impact of Existing and Emerging Industrial Internet of Things Market Trends And Forecast 2024-2030: Grand View Research Inc.

 Industrial Internet of Things Market Growth & Trends

The global industrial internet of things market size is anticipated to reach USD 1,693.30 billion by 2030 and projected to grow at a CAGR of 23.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is being driven by a significant focus on predictive maintenance, automation, and efficient supply chain management across various industrial sectors, particularly manufacturing. Many organizations have acknowledged the advantages of integrating industrial IoT to enhance productivity and have implemented a variety of advanced Industrial IoT solutions using compatible hardware, such as actuators and sensors, along with software. This has contributed to the market growth.

Companies are involved in strategic partnerships and collaborations and are allocating substantial resources towards research and development to drive innovation and to stay competitive in the industry. For instance, in February 2024, Digi International Inc. introduced the Digi IX40, a 5G edge computing industrial IoT cellular router solution. The Digi IX40 is specifically designed for Industry 4.0 applications, including advanced robotics, predictive maintenance, asset monitoring, industrial automation, and smart manufacturing. Such strategies by market players are anticipated to augment the market growth in the coming years.

The increasing application of M2M across various industries, such as automotive, smart cars, utilities, smart grids, home automation, healthcare, and security, is expected to drive the adoption of industrial IoT across businesses. The data collected by OT, M2M, and IoT systems is expected to integrate both operational and informational technology, thereby opening new insights to innovate the decision-making process.

The adoption of sensors and distributed control systems will help to control and manage work processes and automate management processes for all industrial operations. As a result, the demand for implementing sensors and DCS in various business operations will increase annually. Thus, there is a global increase in the need for sensors and DCS due to multiple associated advantages, which is driving the market growth in the coming years.

Request a free sample copy or view report summary: Industrial Internet of Things Market Report

Industrial Internet of Things Market Report Highlights

• Based on component, the services segment is anticipated to grow at the fastest CAGR from 2024 to 2030, owing to a significant increase in the number of connected gadgets
• Based on end use, the manufacturing sub-segment led the market with the largest revenue share of 18.22% in 2023, as companies are rapidly adopting digital manufacturing technologies, while logistics & transport segment is anticipated to grow at the fastest CAGR from 2024 to 2030
• North America accounted for the largest revenue share of 32.0% in 2023, closely followed by Europe owing to the early adoption and implementation of industrial internet of things technology
• In May 2024, Proxgy, an industrial internet of things startup, launched a satellite-based smart lock locator, designed for the transportation and logistics industry. The smart lock comes with state-of-the-art features, including real-time tamper alerts, geofencing, geolocation tracking, RFID and NFC smart key unlock, and remote lock/unlock capabilities

Access Press Release@ https://www.grandviewresearch.com/press-release/global-industrial-internet-of-things-iiot-market

Industrial Internet of Things Market Segmentation

Grand View Research has segmented the global industrial internet of things market report based on component, end use, software, connectivity technology, device and technology, and region.

Industrial Internet of Things Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
• Solution
  • Remote Monitoring
  • Data Management
  • Analytics
  • Security Solutions
  • Others
• Services
  • Professional
  • Managed
• Platform
  • Connectivity Management
  • Application Management
  • Device Management

Industrial Internet of Things End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Aviation
• Metal & Mining
• Chemical
• Manufacturing
• Energy & Power
• Smart Grids
• Oil & Gas
• Healthcare
• Logistics & Transport
  • Intelligent Signaling System
  • Video Analytics
  • Incident Detection System
  • Route Scheduling Guidance System
• Agriculture
  • Precision Farming
  • Livestock Monitoring
  • Smart Greenhouses
  • Fish Farming
• Retail
  • Point of Sales
  • Interactive Kiosks
  • Self-Checkout Systems
• Others

Industrial Internet of Things Software Outlook (Revenue, USD Million, 2018 - 2030)

• Product Lifecycle Management
• Manufacturing Execution Systems
• SCADA
• Outage Management Systems
• Distribution Management Systems
• Remote Patent Monitoring
• Retail Management Software
• Visualization Software
• Transit Management Systems
• Farm Management Systems

Industrial Internet of Things Connectivity Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Wired Technology
  • Ethernet
    • Modbus
    • Profinet
    • CC-Link
  • Foundation Fieldbus
• Wireless Technology
  • Wi-Fi
  • Bluetooth
  • Cellular Technologies
    • 4G/LTE
    • 5G
  • Satellite Technologies

Industrial Internet of Things Device and Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Sensors
• Radio Frequency Identification (RFID)
• Industrial Robotics
• Distributed Control Systems
• Condition Monitoring
• Smart Meters
• Electronic Shelf Labels
• Cameras
• Smart Beacons
• Interface Boards
• Yield Monitors
• Guidance & Steering
• GPS/GNSS
• Flow & Application Control Devices
• Networking Technology

Industrial Internet of Things Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Benelux
  • Nordics
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Chile
  • Peru
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa

List of Key Players in the Industrial Internet of Things Market

• ABB Ltd.
• ARM Holding Plc
• Atmel Corporation
• Cisco Systems, Inc.
• General Electric Company (GE)
• Honeywell International Inc.
• Intel Corporation
• International Business Machines (IBM) Corporation
• Microsoft Corporation
• Rockwell Automation, Inc.
• Schneider Electric SE
• Siemens AG

About Grand View Research

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

Electric Bus Market Projected to Discern Stable Expansion by 2030

 

Electric Bus Market Growth & Trends

The global electric bus market size is anticipated to reach USD 110.44 billion by 2030 and expanding at a CAGR of 12.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is attributed to the rising demand from private transit agencies, city planners, and private institutions for alternatives to conventional buses and increase in production of cost-effective batteries are major factors driving the growth. Additionally, the rapid expansion of fast-charging infrastructure is significantly contributing to the growing adoption of electric buses globally.

Increased government support for electrifying public transportation is expected to propel the market’s growth. For instance, in March 2024, the New York City awarded a funding of USD 77 million from the federal Bipartisan Infrastructure Law to enhance the number of electric school buses and trucks in the city. The funding includes a grant of USD 61.1 million from the U.S. EPA’s Clean School Bus Grant Program, which will add 180 new electric school buses to the city’s fleet, effectively quadrupling the total number of electric school buses in New York City. Such initiatives are expected to bode well for the growth of the market.

Stringent environmental regulations and government emission standards are poised to open significant growth opportunities for the electric bus industry. Numerous government bodies have implemented pioneering pollution reduction programs that offer incentives to promote the adoption of electric buses in public transportation systems. Furthermore, the global transportation sector's growing focus on sustainability is driving customers to increasingly embrace alternative and innovative energy vehicles.

Furthermore, rising investment by the government to boost the battery charging infrastructure is expected to fuel the electric bus industry. For instance, in October 2023, the French government allocated funding to accelerate the deployment of electric vehicle charging points, ensuring that France remains on track to meet the ambitious targets set by the EU’s new alternative fuel infrastructure regulation. France aims to install over 400,000 electric vehicle charging points on its road network by 2030, with a specific target of 50,000 fast charging points.

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

Electric Bus Market Report Highlights

• Based on type, the battery electric vehicle (BEV) segment dominated the market in 2023. Battery-powered electric buses can significantly mitigate the environmental and health hazards associated with diesel buses, while offering a reliable and cost-effective solution for cities and school districts. Advances in electric bus technology and a rapid decline in battery costs are driving the segment’s growth.
• Based on battery type, the lithium iron phosphate segment dominated the market in 2023. Lithium iron phosphate (LFP) batterypacks have emerged as a preferred choice for electric buses due to their ability to provide high voltage, power density, extended life cycle, reduced heating, and enhanced safety compared to other battery technologies.
• In terms of application, the intercity segment is expected to grow at a fastest CAGR from 2024 to 2030. The growing demand for electric buses for long-distance transportation applications is boosting the segment’s growth.
• Based on end use, the public segment accounted for the largest market share in 2023. A surge in the adoption of electric buses for airport operations, in schools and for intercity and intracity services can be attributed to the segment’s growth.
• The North America region is expected to grow at the fastest CAGR from 2024 to 2030. The demand for electric buses in North America is experiencing a significant surge, driven by several key factors. The U.S. is leading country, with the highest sales of electric buses, followed by Canada and Mexico. The growth of electric buses in the region can be attributed to several factors, including growing population, demand for electric school buses and rising adoption of emission-free vehicles.
• In April 2024, NueGo, an electric bus brand of Greencell Mobility Private Limited introduced a long-haul, air-conditioned seater and sleeper intercity electric bus service in India which runs between Chennai and Bengaluru. The launch electric bus service represents a significant step towards decarbonizing India's public transportation sector and fostering a more sustainable ecosystem for intercity travel.

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

Electric Bus Market Segmentation

Grand View Research has segmented the global electric bus market based on type, battery type, application, end use, and region:

Electric Bus Type Outlook (Revenue, USD Million; Volume, Units, 2018 - 2030)

• Battery Electric Vehicle
• Plug-in Hybrid Electric Vehicle
• Fuel Cell Electric Vehicle

Electric Bus Battery Type Outlook (Revenue, USD Million; Volume, Units, 2018 - 2030)

• Lithium Nickel Manganese Cobalt Oxide
• Lithium Iron Phosphate

Electric Bus Application Outlook (Revenue, USD Million; Volume, Units, 2018 - 2030)

• Intercity
• Intracity

Electric Bus End Use Outlook (Revenue, USD Million; Volume, Units, 2018 - 2030)

• Public
• Private

Electric Bus Regional Outlook (Revenue, USD Million; Volume, Units, 2018 - 2030)

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

List of Key Players in the Electric Bus Market

• BYD Company Limited
• AB Volvo
• Proterra
• MAN
• Nissan Motor Corporation
• Ashok Leyland Limited
• Daimler Truck AG
• Zhengzhou Yutong Bus Co., Ltd.
• TATA Motors Limited
• Hyundai Motor Company

About Grand View Research

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

PTA Balloon Catheter Market Significant Profits Estimated to be Generated by 2030: Grand View Research Inc.

 

PTA Balloon Catheter Market Growth & Trends

The global PTA balloon catheter market size is expected to reach USD 4.63 billion by 2030, registering a CAGR of 8.32% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing incidence of peripheral artery disorder and the rising number of Percutaneous Coronary Intervention (PCI) procedures in developing countries are key factors driving the market.

The adoption of a sedentary lifestyle by most of the population has increased the prevalence rate of various types of cardiovascular diseases worldwide. An increase in the number of cases of cardiovascular diseases across the globe is expected to boost the adoption of various procedures-such as cardiac catheterizations, angioplasty, and Percutaneous Coronary Intervention (PCI)-to treat such conditions, wherein PTA balloon catheters are among the essential requirements.

The COVID-19 pandemic resulted in a decline in the number of patient encounters, leading to a reduction in the demand for surgical procedures, thereby impacting the industry growth. According to Elsevier, the number of coronary angioplasty surgeries was 11.2% in 2020, which is lower than the previously reported data. According to the National Library of Medicine, the U.S. witnessed a 52.7% decline in adult cardiac surgeries in 2020. In the later phase, as the restrictions were lifted in several countries, the volume of cardiac and peripheral surgical procedures increased. This is expected to increase the demand for angioplasty surgical devices such as PTA balloon catheters.

Request a free sample copy or view the report summary: PTA Balloon Catheter Market Report

PTA Balloon Catheter Market Report Highlights

• North America market dominated with a share of 47.95% in 2023. This can be attributed to the higher product availability, high demand for surgical procedures, and better awareness in the region
• Asia Pacific is expected to exhibit the fastest growth rate during the forecast period due to government initiatives and increasing incidence of target disorders
• Supportive government regulations to commercialize medical devices in Latin America are expected to impel industry growth. For instance, most Latin American countries only require the U.S. FDA or CE mark approval for filing marketing approvals
• Incorporation of the latest health technologies, partnerships and collaborations, product expansion, and mergers & acquisitions are some of the strategies being adopted by key players to gain a competitive edge in the market. For instance, in February 2022, Boston Scientific Corporation acquired Baylis Medical Company, Inc., a medical device company primarily providing solutions to support catheter-based left heart procedures
• The shortage of cardiac surgeons worldwide is a big concern. Low-income countries are facing this issue more severely. For instance, North Africa has only one surgeon per 1.1 million people. This is resulting in restricting the number of surgeries that could be performed, hindering industry growth

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

PTA Balloon Catheter Market Segmentation

Grand View Research has segmented the global PTA balloon catheter market on the basis of on material type, application, end-use, and region:

PTA Balloon Catheter Material Type Outlook (Revenue, USD Million, 2018 - 2030)

• Polyurethane
• Nylon
• Others

PTA Balloon Catheter Application Outlook (Revenue, USD Million, 2018 - 2030)

• Peripheral Artery Disease
• Coronary Artery Disease

PTA Balloon Catheter End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital
• Ambulatory Surgical Centers
• Others

PTA Balloon Catheter Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in PTA Balloon Catheter Market

• Medtronic
• Tuermo Corporation
• Cardinal Health
• Boston Scientific Corporation.
• Natec Medical
• Cook Medical
• Biotronik
• Surmodics, Inc.
• Andratec

About Grand View Research

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

Electric Forklift Market Trends, Demand, Production, Analysis and Forecast to 2030: Grand View Research Inc.

 Electric Forklift Market Growth & Trends

The global electric forklift market size is anticipated to reach USD 112.87 billion by 2030, growing at a CAGR of 14.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Developments in the e-commerce industry are fueling the demand for lift trucks across the economies. Owing to the increase in online shopping, the demand for lift trucks among retailers has escalated in recent years. Electric forklift allows companies to store and distribute merchandise in large quantities, giving them a competitive advantage in their respective markets. Thus, growing demand from several end-use industries is anticipated to drive the market growth over the forecast period.

Furthermore, the trend of automation and robotics is expected to gain significant momentum from 2024 to 2030, particularly in warehouses and distribution centers. Automated forklifts are becoming increasingly popular due to their ability to move goods more quickly and efficiently than manual forklifts. These automated forklifts enhance productivity as well as reduce the risk of injury and human error, making them a safer option for warehouses and distribution centers.

Several prominent players are expanding their business operations in emerging regions in the global electric forklift industry. Further, companies are planning strategies for product innovation and portfolio expansion through strategic investments and mergers and acquisitions in the global market. For instance, in January 2023, Crown Equipment Corporation expanded its electric and IC counterbalance forklift portfolio with the launch of C-B, C-D, and C-G lift truck series. These forklifts are capable of handling load capacities ranging from 2.0 to 5.5 tons, enabling them to tackle a wide variety of tasks in both indoor and outdoor environments.

The market is expected to grow rapidly from 2024 to 2030 due to the increased adoption of electric forklift technology and an increase in its applications in industries such as food and beverage, chemical, industrial, logistics, construction, retail and e-commerce, and others. As electric forklifts are expected to outpace ICE forklifts, OEMs seek ways to improve forklifts' run-time and performance. Rising environmental concerns and scarcity of natural resources such as natural gas also create the need for a sustainable, efficient, and durable power source to run the electric forklift and long-term renewable energy solution.

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

Electric Forklift Market Report Highlights

• The pallet trucks segment dominated the market in 2023. Electric pallet trucks are versatile tools that can benefit a wide range of businesses and production processes. They are particularly useful for moving materials in warehouses, supermarkets, and the transport industry, as they can efficiently load and unload goods. Thus, the increasing use of electric pallet trucks to improve overall operational efficiency by streamlining material handling tasks is driving the segment’s growth.
• The lithium-ion segment dominated the market in 2023. The growth of the segment can be attributed to the rising demand for lithium-ion-based electric forklifts as they provide benefits such as longer runtimes, faster charging times, and more efficient operation.
• The retail & e-commerce segment is expected to grow at the fastest CAGR from 2024 to 2030. Factors such as rapid growth of the retail and e-commerce industry and the need for efficient material handling tools can be attributed to the segment’s growth.
• The Asia Pacific region is expected to grow at the fastest CAGR from 2024 to 2030. The presence of several prominent electric forklift manufacturers, such as Doosan Corporation and Hangcha Forklift, can be attributed to the market growth in the region. In addition, factors such as increasing population in countries such as China and India, rising disposable income, and the evolving material handling needs of the growing e-commerce operations in the region are expected to contribute to the market growth in the region.
• In April 2023, Toyota Material Handling announced the launch of a new electric walkie-stacker: Tora-Max Walkie Stacker. The walkie-stacker is ideal for distribution, manufacturing, beverage, warehousing, and retail industries. The new model is available in the North American region through online and store purchases. The vehicle is designed for light dusty operations.

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

Electric Forklift Market Segmentation

Grand View Research has segmented the global electric forklift market on the basis of product, battery type, end-use, and region:

Electric Forklift Product Outlook (Revenue, USD Million, 2018 - 2030)

• Counterbalanced
• Pallet Trucks
• Reach Trucks
• Pallet Stackers
• Others

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

• Lithium-Ion
• Lead Acid
• Hydrogen Fuel-Cell

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

• Chemical
• Food & Beverage
• Industrial
• Logistics
• Retail & E-Commerce
• Others

Electric Forklift Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Electric Forklift Market

• Anhui Heli Co., Ltd.
• Clark Material Handing Company
• Crown Equipment Corporation
• Doosan Corporation
• Hangcha Forklift
• Hyster-Yale Materials Handling, Inc.
• Jungheinrich AG
• KION Group AG
• Komatsu Ltd.
• Mitsubishi Logisnext Co., Ltd.
• Toyota Material Handling

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.

Voluntary Carbon Credit Market Revenue Sales to Reach $24.00 Billion by 2030: Grand View Research Inc.

 Voluntary Carbon Credit Market Growth & Trends

The global voluntary carbon credit market size is anticipated to reach USD 24.00 billion by 2030 and is anticipated to expand at a CAGR of 34.6% during the forecast period, according to a new report by Grand View Research, Inc. The voluntary carbon credit market (VCM) refers to the trading of carbon credits on a voluntary basis outside of any legal or regulatory requirements. In this market, companies, individuals, and other entities purchase carbon credits to offset their greenhouse gas emissions and meet self-imposed sustainability goals.

The VCM is facilitated by a variety of independent certification programs, such as the Verified Carbon Standard, Gold Standard, and Climate Action Reserve, which establish accounting rules, project eligibility criteria, and verification procedures for carbon credit projects. These projects span a range of activities, including renewable energy, forestry, and carbon capture and storage. However, the VCM has faced criticism over the quality and integrity of some carbon credits, leading to calls for greater standardization and transparency.

Governments are increasingly engaging with the VCM, using it to help meet their national climate goals under the Paris Agreement. For instance, Japan's GX League requires companies to offset any emissions they fail to reduce directly, using the VCM as a complementary mechanism. Policymakers see the VCM as a way to mobilize private capital for climate action, particularly in developing countries where the potential for cost-effective emissions reductions is high. At the same time, there are concerns that the VCM could undermine efforts to achieve deep, economy-wide decarbonization if not properly regulated and integrated with broader climate policy. The voluntary carbon credit market represents a growing and evolving landscape, with the potential to play a significant role in the global transition to a low-carbon economy

Request a free sample copy or view report summary: Voluntary Carbon Credit Market Report

Voluntary Carbon Credit Market Report Highlights

• Based on project, renewable energy dominated the market and accounted for a revenue share of 39.08% in 2023. Wind and solar farms generate credits by reducing emissions compared to traditional sources. This creates financial incentives for clean energy development, as companies can earn revenue while tackling climate change
• Industrial dominated the component segment with more than 32.5% share in 2023. Industries like manufacturing and heavy production are driving growth in the market. These high-emitting sectors purchase credits from renewable projects to offset their footprint, fueling clean energy development while meeting sustainability goals
• Private Companies dominated the end use segment. Private companies are a growing force in the voluntary carbon credit market. They purchase credits generated by emissions-reducing projects, like renewable energy, to offset their own footprint. This trend benefits both sides: companies achieve sustainability goals, and green projects gain vital funding
• Asia Pacific is expected to witness significant growth in the market owing to factors such as supportive policies and growing environmental concerns

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

Voluntary Carbon Credit Market Segmentation

Grand View Research has segmented the global voluntary carbon credit market report based on project, application, end use, and region:

Voluntary Carbon Credit Project Outlook (Volume, Million Tons; Revenue, USD Million, 2018 - 2030­)

• Renewable Energy
• Energy Efficiency
• Afforestation and Reforestation
• Methane Capture and Destruction
• Others (soil carbon sequestration, energy efficiency)

Voluntary Carbon Credit Application Outlook (Volume, Million Tons; Revenue, USD Million, 2018 - 2030)

• Industrial
• Household Devices
• Energy
• Agriculture
• Others

Voluntary Carbon Credit End Use Outlook (Volume, Million Tons; Revenue, USD Million, 2018 - 2030)

• Government Agencies
• Non-Governmental Organizations (NGOs)
• Private Companies
• Individuals

Voluntary Carbon Credit Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Volume Carbon Credit Market

• Ecosecurities
• BioCarbon Partners
• Combio Energia
• BURN Manufacturing
• Biofílica Ambipar
• Indus Delta Capital Limited
• Terrasos
• EKI Energy Services Ltd. (formerly EnKing International)
• 3Degrees
• Climate Impact Partners
• EcoAct
• Verra
• earth

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 In Mental Health Market Significant Profits Estimated to be Generated by 2030: Grand View Research Inc.

 Artificial Intelligence In Mental Health Market & Trends

The global AI in mental health market size is expected to reach USD 5.08 billion by 2030, growing at a CAGR of 24.10% from 2024 to 2030, according to a new report by Grand View Research, Inc. Mental health has become a major concern nowadays; increasing prevalence of mental health disorders including anxiety, depression, schizophrenia lead to the rapid adoption of mental health apps, where technologies such as AI can leverage several advantages, including personalized therapies and predicting disorders. According to WHO January 2022 insights, Schizophrenia affects nearly 24 million people or 1 in 300 people (0.32%) worldwide. This rate is 1 in 222 people (0.45%) among adults.

According to February 2023 insights from WHO, in 2021, over 150 million individuals were grappling with mental health issues in Europe. The COVID-19 pandemic has intensified these problems over recent years, with reduced access to healthcare services. The surge in stress, economic downturns, conflicts, and violence has highlighted the fragility of mental well-being. Simultaneously, the field of artificial intelligence (AI) is revolutionizing medicine and healthcare. AI is emerging as a crucial tool in planning mental health services identifying and monitoring mental health conditions among individuals and communities. Utilizing digitized healthcare data, including electronic health records, medical imaging, and handwritten clinical notes, AI-powered tools enhance task automation, support healthcare professionals, and enrich our understanding of complex mental health disorders.

Technological advancements in AI algorithms such as speech and text analytics, therapeutic chatbot to detect signs of mental health conditions such as depression, anxiety, and PTSD. Applications like Woebot and Wysa use conversational AI to interact with users and provide real-time mental health support. Virtual therapists powered by AI provide cognitive behavioral therapy (CBT) and other therapeutic modalities through chat interfaces or voice conversations. These tools are available 24/7, offering immediate support. Such factors are expected to fuel the demand for AI technologies in mental health.

The emergence of numerous startups in the AI in mental health market has been notable. The proliferation of numerous startups is a significant driver of market growth. Their entry into the market stimulates investment, encourages technological advancements, and expands the scope of AI applications in healthcare. The collective efforts of these startups fuel momentum in the AI healthcare market, propelling it towards greater innovation, efficiency, and effectiveness in delivering healthcare solutions. Some of the startup companies are Activa Health, Kahuna, and Likeminded among others.

Request a free sample copy or view report summary: AI In Mental Health Market Report

AI In Mental Health Market Report Highlights

• Based on offering, the software segment dominated the global market in 2023 with the largest revenue share of 75.7% and is expected to grow at the largest CAGR from 2024 TO 2030. This large share is attributed to the increasing adoption of mental health apps to support AI technologies.
• Based on technology, the Natural Language Process (NLP) segment dominated the market in 2023. The advancement in the NLP algorithm for several mental disorder applications would likely drive its demand in the market. Machine Learning (ML) is expected to grow at the fastest CAGR of 39.1% from 2024 to 2030.
• Based on the disorder, the anxiety disorder segment held the largest market share in 2023. This can be attributed to the growing prevalence of anxiety disorders among the population and the increasing number of startups launching AI-powered solutions for mental disorders. On the other hand, the schizophrenia segment is expected to grow at a significant CAGR from 2024 to 2030.
• North America dominated the market and accounted for the largest revenue share of over 55.0% in 2023, owing to the rising prevalence of mental disorders, readiness to adopt advanced technologies, presence of several key players, and growing geriatric population. Europe is anticipated to witness significant growth from 2024 to 2030.

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

AI In Mental Health Market Segmentation

Grand View Research, has segmented the global AI in mental health market report based on offering, technology, disorder, and region:

AI In Mental Health Offering Outlook (Revenue, USD Million, 2018 - 2030)

• Software
• Services

AI In Mental Health Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Machine Learning
  • Deep learning
  • Others
• Natural Language Processing
  • Text analytics
  • Speech analytics
  • Smart Assistance
  • Others
• Others

AI In Mental Health Disorder Outlook (Revenue, USD Million, 2018 - 2030)

• Anxiety
• Depression
• Schizophrenia
• Post-Traumatic Stress Disorder (PTSD)
• Insomnia
• Others

AI In Mental Health Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of the key Players in the AI In Mental Health Market

• Companies With Dedicated Portfolio
  • Wysa Ltd,
  • Woebot Health
  • Spring Care, Inc.
  • Lyra Health, Inc.
  • Meru
  • New Life Solution, Inc. (meQ)
  • Quartet
  • Syra Health
  • Limbic
  • Kintsugi Mindful Wellness, Inc
  • Aiberry
  • Ellipsis Health
  • SilverCloud (American Well Corporation)
  • HEADSPACE HEALTH
• Companies With Diversified Portfolio
  • Fortis Healthcare
  • Google
  • Microsoft
  • NextGen Healthcare

About Grand View Research

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

Global Market for Virtual Power Plant to Reflect Steadfast Expansion During 2024-2030: Grand View Research Inc.

 Virtual Power Plant Market Growth & Trends

The global virtual power plant market size is anticipated to reach USD 16.65 billion by 2030 and is anticipated to expand at a CAGR of 22.2% from 2024 to 2030, according to a new report by Grand View Research. Virtual power plants (VPPs) can play a significant role in reducing carbon emissions in the energy sector. Virtual power plants can be programmed to prioritize the use of clean energy sources and minimize the use of carbon-intensive generation sources when possible, thus lowering overall emissions associated with electricity production. Through advanced control algorithms and real-time monitoring, virtual power plants can optimize energy production and consumption, reducing energy waste and associated emissions.

Virtual power plants offer several benefits to customers, both residential and commercial, by providing them with greater control over their energy consumption and cost savings. Customers can reduce their energy bills by participating in virtual power plant programs. Virtual power plant enables customers to take advantage of time-of-use pricing and demand response opportunities, allowing them to shift energy consumption to lower-cost periods and avoid peak-demand charges. Virtual power plants often come with advanced energy management tools and applications that allow customers to monitor and control their energy usage in real-time.

Stringent government regulations can play a significant role in driving the use of virtual power plants. Regulations aimed at reducing greenhouse gas emissions often incentivize adopting clean energy technologies. Virtual power plants, by enabling the integration of renewables and demand response, contribute to reducing carbon emissions in the energy sector, aligning with government emission reduction goals. Governments often invest in grid modernization efforts to improve the overall efficiency and intelligence of the power grid.

Request a free sample copy or view report summary: Virtual Power Plant Market Report

Virtual Power Plant Market Report Highlights

• In terms of technology, the demand response segment dominated the market in 2023. The demand response segment aligns with the broader sustainability goals, making it a critical driver of the VPP market's growth as the world increasingly transitions towards greener and more responsive energy systems
• In terms of end use, the industrial segment dominated the market in 2023. The growth of the segment can be attributed to its substantial energy demands, complex energy management needs, and the potential for significant cost savings and carbon footprint reduction through VPP adoption
• North America dominated the regional market in 2023. The growing awareness of the benefits of renewable power is leading to a rise in demand for renewables such as wind, solar, and hydropower in North America. Furthermore, supportive government initiatives in the region are promoting the development of renewable energysources, which is expected to drive the demand for virtual power plants, thus driving the growth of the regional market
• In June 2023, SolarEdge Technologies, Inc., a smart energy technology leader, unveiled its 1^stbattery virtual power plant that provides grid support through the U.K.'s National Grid ESO Demand Flexibility Service (DFS). This service can be leveraged for SolarEdge home battery owners with eligible smart meters across the U.K. and provides them financial incentives to utilize their stored battery energy during DFS demand events

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

Virtual Power Plant Market Segmentation

Grand View Research has segmented the global virtual power plant market on the basis of technology, end use, and region:

Virtual Power Plant Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Distributed Energy Resource
• Demand Response
• Mixed Asset

Virtual Power Plant End Use Outlook (Revenue, USD Million, 2017 - 2030)

• Industrial
• Commercial
• Residential

Virtual Power Plant Region Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Virtual Power Plant Market

• Siemens
• TOSHIBA CORPORATION
• Next Kraftwerke GmbH
• Hitachi, Ltd.
• ABB
• Tesla
• AutoGrid Systems, Inc.
• Limejump Limited
• Sunverge Energy, Inc.
• Centrica plc

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 In Patient Engagement Market Trends Analysis And Forecast Till 2030: Grand View Research Inc.

 AI In Patient Engagement Market Growth & Trends

The global AI in patient engagement market size is expected to reach USD 23.1 billion by 2030, registering a CAGR of 21.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by the growing demand for AI-based personalized treatment plans and healthcare experiences and the emergence of digital platforms and necessity for omnichannel approach. In addition, the increasing role of artificial intelligence (AI) in enhancing pharmacy efficiency and managing supply chain complexities and business strategies by market players is also driving the market growth. For instance, in May 2024, EmpiRx Health introduced Clinically, a new AI-powered platform that incorporates established technologies. This platform enhances pharmacy claims processing and clinical evaluations and includes a unique population health engine, reinforcing EmpiRx Health's clinical-focused Pharmacy Benefit Management (PBM) approach.

Moreover, the growing prevalence of chronic diseases, such as diabetes and hypertension, necessitates continuous patient engagement & management, which AI can effectively facilitate. Furthermore, AI technologies such as machine learning and natural language processing (NLP) can significantly enhance patient engagement by providing personalized support & interventions. These technologies analyze patient data to offer tailored recommendations, reminders, & educational content, improving adherence and health outcomes. For instance, in March 2022, Uniphore entered into a strategic partnership with SpinSci Technologies, a provider of digital patient engagement solutions, to improve patient access and interaction with healthcare providers. This collaboration integrated Uniphore’s conversational AI and automation technology into SpinSci Technologies Patient Access Care solutions, which are compatible with Electronic Health Records (EHR) systems. The integration aimed to enhance efficiency for contact center agents and streamline patient self-service workflows.

The integration of AI enables healthcare organizations to deliver tailored educational content based on individual patient preferences, health literacy levels, and language proficiency, thereby improving patient engagement & adherence to treatment plans. For instance, in February 2024, Ascend, a startup platform backed by the Accolade Group, announced its intention to deliver educational and healthcare services tailored to specific requirements utilizing AI. As a result of such initiatives, the patient education functionality segment is expected to witness substantial growth, driving overall market expansion in the coming years.

In addition, the market in North America is driven by the integration of AI, enabling healthcare organizations to deliver tailored educational content based on individual patient preferences, health literacy levels, and language proficiency, thereby improving patient engagement & adherence to treatment plans. For instance, in February 2024, Ascend, a startup platform backed by the Accolade Group, announced its intention to deliver educational and healthcare services tailored to specific requirements utilizing AI. As a result of such initiatives, the patient education functionality segment is expected to witness substantial growth, driving overall market expansion in the coming years.

Request a free sample copy or view report summary: AI In Patient Engagement Market Report

AI In Patient Engagement Market Report Highlights

• On the basis of delivery mode, the cloud-based segment dominated the market and held a revenue share of 72.37% in 2023. Cloud-based solutions provide scalable resources, enabling healthcare organizations to adjust capacity according to demand fluctuations
• On the basis of functionality, enhanced communication held the largest revenue share of 25.84% in 2023. The growing integration of AI-driven solutions in the healthcare sector is driving the need for enhanced communication capabilities
• On the basis of technology, Natural Language Processing(NLP) held the largest revenue share of 88.82% in 2023. The segment growth can be attributed to several benefits offered by NLP models such as improved patient engagement and education through the provision of tailored & comprehensible health information
• On the basis of therapeutic area, chronic disease management held the largest revenue share of 64.87% in 2023. The segment growth can be attributed to the increasing prevalence of chronic conditions such as diabetes, hypertension, and heart disease
• On the basis of end use, the healthcare providers segment held the largest revenue share of 38.31% in 2023. The increasing focus on patient-centric care, coupled with the growing need for effective use of resources and a rising demand for personalized healthcare experiences, is driving healthcare providers to adopt AI for patient engagement
• North America dominated the market with a share of 43.60% in 2023. Key factors contributing to this notable share include the presence of a well-established healthcare infrastructure equipped with advanced technology, increasing awareness of the advantages of integrating AI-enabled patient engagement solutions, and a growing preference for personalized healthcare experiences & treatment plans
• The market is fragmented owing to the presence of several players. This is expected to intensify the competition in the coming years. Key companies are increasingly adopting strategies such as new product development, collaborations, and mergers & acquisitions to strengthen their market position. In June 2024, MedAdvisor Solutions announced the launch of Omnichannel Engagement for Pharmacy powered by THRiV, its AI-enabled platform. This suite enables pharmacies to enhance their digital patient engagement strategies and existing initiatives, including providing paperless options increasingly preferred by patients

Access Press Release@ https://www.grandviewresearch.com/press-release/global-artificial-intelligence-ai-patient-engagement-market

AI In Patient Engagement Market Segmentation

Grand View Research has segmented the global AI in patient engagement market based on delivery mode, functionality, technology, therapeutic area, end use, and region:

AI In Patient Engagement Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud-based
• On-premise

AI In Patient Engagement Functionality Outlook (Revenue, USD Million, 2018 - 2030)

• Enhanced Communication
• Patient Education
• Chatbots and Virtual Health Assistants
• Predictive Analytics
• Administrative and Streamlined Operations
• Others

AI In Patient Engagement Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Natural Language Processing (NLP)
  • Smart Assistance
  • OCR (Optical Character Recognition)
  • Auto Coding
  • Text Analytics
  • Speech Analytics
  • Classification and Categorization
• Others

AI In Patient Engagement Therapeutic Area Outlook (Revenue, USD Million, 2018 - 2030)

• Health & Wellness
• Chronic Disease Management
• Others

AI In Patient Engagement End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Healthcare Providers
• Healthcare Payers
• Others (Pharmaceutical Companies, Pharmacy)

AI In Patient Engagement Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the AI In Patient Engagement Market

• Medadvisor Solutions
• Innovaccer, Inc.
• EnlivenHealth
• EmpiRx Health, LLC.
• IBM
• Huma
• mPulse Mobile
• AllazoHealth
• P360
• Brand Engagement Network, Inc.
• Oracle
• Nuance Communications, Inc. (Microsoft)
• Health Catalyst
• Ada Health GmbH
• Aiva, Inc.
• Claritas Rx
• AiCure
• UST Global Inc
• ZS
• IQVIA 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.

Mobile Game Engine Market to Incur Meteoric Growth During 2024 to 2030: Grand View Research Inc.

 Mobile Game Engine Market Growth & Trends

The global mobile game engine market size is expected to reach USD 3.71 billion by 2030 and expanding at 18.1% CAGR from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing popularity of smartphones and tablets has led to a surge in demand for mobile games, fueling the growth of the mobile game engine market. A mobile game engine is a software framework that game developers use to create, develop, and deploy mobile games. These engines provide developers with tools and resources to create games optimized for mobile devices. They also help to streamline the game development process, making it easier and more efficient for developers to create high-quality games.

The mobile game engine market has experienced significant technological advancements that have made it easier and more efficient for game developers to create high-quality mobile games while improving players' overall gaming experience. Companies, including Unity Technologies and Epic Games, are continuously investing in the development of game engines to handle complex graphics and physics simulations while also providing developers with a wide range of tools and resources to create games that are optimized for mobile devices. Game engine companies are advancing their offerings to enable game developers to create games that run on multiple platforms. This has helped to make game development more accessible and efficient, as developers can create and develop games for multiple platforms using a single codebase.

The number of smartphone and tablet users has grown, coupled with the demand for mobile games that can run on these devices. This has led to increased competition among mobile operating systems, with each platform vying for a larger share of the mobile game market. One of the most dominant mobile operating systems in the mobile game engine market is iOS, which powers Apple's iPhone and iPad devices. The company has also invested heavily in the development of its own game engine, called Metal, which provides developers with a powerful set of tools for creating high-quality games that are optimized for iOS.

Request a free sample copy or view report summary: Mobile Game Engine Market Report

Mobile Game Engine Market Report Highlights

• Game developers are constantly seeking new ways to improve their games' quality and create more engaging and immersive experiences for players. This has led to the development of tools and platforms that provide features such as 3D graphics, physics, simulations, artificial intelligence, and networking capabilities.
• The growth is due to an increased usage of virtual and augmented reality technologies in gaming. These technologies require sophisticated 3D engines that can render complex environments and interactions in real-time, which has led to the development of specialized 3D engines for V.R. and A.R.
• The growth of the action and adventure genre is increasing due to the popularity of open-world games. These games allow players to explore vast virtual environments and interact with various characters and objects.
• Android operating system growth can be attributed to the high demand for mobile games and the increasing popularity of Android devices. With the rise of powerful mobile devices and the ease of development using the Android platform, more and more game developers are choosing to create games for this platform.
• The Asia Pacific market has witnessed the rise in smartphone penetration and business expansion strategies from companies such as Nintendo, Tencent Holdings, and Sony Interactive Entertainment, among others, which have contributed to the growth of the regional market.
• In March 2023, Cocos2d-x released its Creater XR an X.R. content development software offering the content creators to develop and participate in metaverse creation at low cost.

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

Mobile Game Engine Market Segmentation

Grand View Research has segmented the global mobile game engine market based on component, type, genre, operating system, and region:

Mobile Game Engine Component Outlook (Revenue, USD Million, 2018 - 2030)

• Solution
• Services

Mobile Game Engine Type Outlook (Revenue, USD Million, 2018 - 2030)

• 2D Game Engine
• 3D Game Engine
• Others

Mobile Game Engine Genre Outlook (Revenue, USD Million, 2018 - 2030)

• Action & Adventure
• Multiplayer Online Battle Arena (MOBA)
• Real-time Strategy (RTS)
• Role-playing Games (RPG)
• Sandbox
• Shooter
• Simulation and Sports
• Others

Mobile Game Engine Operating System Outlook (Revenue, USD Million, 2018 - 2030)

• iOS
• Android
• Cross Platform

Mobile Game Engine Region Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Mobile Game Engine Market

• Amazon Web Services, Inc.
• The Game Creators Ltd.
• AppOnboard, Inc
• CHUKONG CO, INC.
• Cocos
• SCIRRA LTD
• Crytek GmbH.
• Defold Foundation
• Clickteam
• YoYo Games Ltd.
• GameSalad
• The Torque Community Contributors
• Unity Technologies
• Epic Games, Inc.
• Valve Corporation

About Grand View Research

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

Progressive Web Apps Market to Reflect a Holistic Expansion During 2024 to 2030: Grand View Research Inc.

 Progressive Web Apps Market Growth & Trends

The global progressive web apps market size is anticipated to reach USD 9.43 billion by 2030, growing at a CAGR of 31.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market growth is attributed to factors such as the growing need for improved user experience and responsive applications among users. Moreover, the growing internet and smartphone penetration is expected to drive the usage of mobile applications, having a positive impact on the adoption of progressive web apps (PWA). Progressive web apps offer a seamless and responsive user experience similar to native apps, with fast load times, smooth animations, and the ability to work offline. This enhances user engagement and satisfaction, driving their adoption.

Progressive web apps are designed to work on any device with a modern web browser, making them highly versatile. This cross-platform compatibility reduces the need for separate development for different operating systems, saving developers time and costs. Their lower development costs in comparison to traditional native apps are contributing to their rising popularity.

Governments are actively promoting digitalization by launching Artificial Intelligence (AI)-integrated applications. For example, in January 2024, the central government of India introduced an AI-based platform called the 'Anuvadini' app. It is designed to digitize study materials for all school and higher education courses, making them accessible in the Indian languages. This initiative aligns with the National Education Policy (NEP) 2020 recommendations, which emphasize the importance of studying in one's native language. Such efforts are expected to positively impact the market, as users will anticipate faster applications for various uses.

Request a free sample copy or view report summary: Progressive Web Apps Market Report

Progressive Web Apps Market Report Highlights

• The services segment is expected to register the fastest CAGR. The segment's growth is driven by the need for expertise in PWA development and the demand for custom solutions, prompting businesses to seek professional services.
• The large enterprises segment dominated the Progressive Web Apps (PWA) market in 2023. The segment's growth is driven by large enterprises' push for digital transformation and the need for scalable solutions.
• The e-commerceand retail segment is expected to register the fastest CAGR. The rapid rise in e-commerce sales drives the segment's growth as retail businesses adopt progressive web apps for their benefits, like enhanced customer loyalty.
• North America dominated the Progressive Web Apps (PWA) market in 2023, driven by high software development activity and smartphone penetration, increasing the demand for responsive applications.
• In November 2022, Snapchat (Snap Inc.) introduced a progressive web app for Windows 10 and 11, requiring Microsoft's Microsoft Edge to function. The 1.4MB app, available in the Microsoft Store, operates like a native app with notification support and allows users to add a desktop taskbar shortcut for quick access from the Start Menu.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-progressive-web-apps-pwa-market

Progressive Web Apps Market Segmentation

Grand View Research has segmented the global progressive web apps market based on the component, organization size, application, and region:

Progressive Web Apps (PWA) Component Outlook (Revenue, USD Million, 2017 - 2030)

• Platform
  • Desktop PWAs
  • Mobile PWAs
  • Tablet PWAs
• Services

Progressive Web Apps (PWA) Organization Size Outlook (Revenue, USD Million, 2017 - 2030)

• Small & Medium Enterprises
• Large Enterprises

Progressive Web Apps (PWA) Application Outlook (Revenue, USD Million, 2017 - 2030)

• E-commerce and Retail
• Media and Entertainment
• Social Media
• Travel and Tourism
• Healthcare
• Education
• Banking and Financial Services
• Others

Progressive Web Apps (PWA) Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Progressive Web Apps Market

• Google
• Microsoft
• OutSystems
• Alokai (former Vue Storefront)
• IBM Corporation
• Cloud Four, Inc.
• DockYard Inc.
• Enonic AS
• GoodBarber
• Meta
• Svelte

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.