Healthcare Analytical Testing Services Market Report by Opportunity, Demand, Major Driving Factors and Business Growth Strategies

 Healthcare Analytical Testing Services Market Growth & Trends

The global healthcare analytical testing services market size is expected to reach USD 23.9 billion by 2028 at a CAGR of 9.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing emphasis on biosimilars, increased outsourcing of the aforementioned services by pharmaceutical companies, and rise in the number of clinical trials are some of the key factors expected to drive the global market in the years to come.

Biosimilars are FDA-approved treatments and possess highly identical properties to approved biologic drugs. They serve as a low-cost and effective treatment option when compared to biologics, which is anticipated to increase its demand remarkably in the coming years. An article on biosimilars published by Sandoz International GmbH, highlights analytical testing as a key stage in biosimilar development, thus creating demand for such services.

The global COVID-19 pandemic is expected to offer high growth opportunities to the providers of such services. As pharmaceutical companies across the world have started clinical trials for the development of vaccines and drugs for the treatment of COVID-19, the demand for analytical testing has increased. Also, to combat the coronavirus, there is a surge to meet the global needs including medical devices and pharma products that require rigorous testing before delivering the final product to the clients. This is expected to boost the demand for such services.

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Healthcare Analytical Testing Services Market Report Highlights

• The stringent regulation in the medical device & pharmaceutical industry is fueling the adoption of analytical testing services
• The pharmaceutical product type segment led the global market with the largest revenue share of over 57% in 2020
• This growth was owing to high outsourcing of analytical testing by pharmaceutical companies as it requires highly skilled staff and specialized equipment
• North America dominated the global market with the largest revenue share of 42.0% in 2020 owing to the presence of the largest clinical trials market in the U.S.
• Asia Pacific is projected to be the fastest-growing regional market during the forecast period owing to the expansion of the biosimilar market in countries such as India

Access Press Release@ https://www.grandviewresearch.com/press-release/global-healthcare-analytical-testing-services-market

Healthcare Analytical Testing Services Market Segmentation

Grand View Research has segmented the global healthcare analytical testing services market on the basis of product type and region:

Healthcare Analytical Testing Services Product Type Outlook (Revenue, USD Million, 2016 - 2028)

• Medical Device
  • Extractable & Leachable
  • Material Characterization
  • Physical
  • Bioburden
  • Sterility
  • Other Tests
• Pharmaceutical
  • Bioanalytical
  • Method Development & Validation
  • Stability
  • Other Services

Healthcare Analytical Testing Services Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Healthcare Analytical Testing Services Market

• PPD, Inc.
• ICON plc
• LabCorp
• Charles River Laboratories International, Inc.
• Syneos Health
• SGS SA
• Eurofins Scientific
• Toxikon, Inc.
• Intertek Group

About Grand View Research

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

Computer Aided Engineering Market Is Projected To Reach Approximately $16.19 Billion By 2028

 

Computer Aided Engineering Market Growth & Trends

The global computer aided engineering market size is anticipated to reach USD 16.19 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.1% from 2021 to 2028. The rapid growth of the wearable industry is likely to increase the use of Computer Aided Engineering (CAE) software in the electronics industry. The major players in the market are in search of new sources for revenue as the smartphone market is in the maturity stage. As a result, the demand for wearable technology has increased the demand over the forecast period.

The growing penetration of the Internet of Things (IoT), tablets, and smartphones are expected to boost the CAE market growth. Owing to the growth of IoT, wearable devices, used in the fields of medicine, fitness, transportation, education, entertainment, and gaming, are increasing; paving way for the growth of the CAE market. Miniaturization of electronic devices and sensors and persuasive connectivity with lowered costs have immensely contributed to the growth of wearable technology devices.

Government regulations, mandating applications, such as collision avoidance, parking assistance systems, wireless communication technology, and interactive infotainment systems, in the upcoming car technologies to increase driver safety, are anticipated to raise the demand for CAE software. Additionally, technological advancements in the automotive sector, including driverless cars and semi-autonomous cars, are further anticipated to boost the industry demand.

The emerging new engineering modes such as 3D printing, building information modeling, concurrent engineering is likely to influence the CAE market. 3D printing is a form of additive manufacturing that allows the users to print any object as a 3-D image. The technology helps in reducing production costs and developing new methods of production. Ease of use and unlimited customization capabilities are the key factors driving the 3D printing market which is further expected to positively impact the market growth.

The prevailing open source software are anticipated to restrain the market growth over the forecast period. They are available for free on the web; however, the vendors charge for support, customization, and maintenance services. Linux has been leading the open architecture software market. Open-source software has been a boon for small software vendors, due to which, the large enterprises have been facing negative impacts. The major drivers of open source technology are the minor flaws and bugs that can be tested and fixed immediately.

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Computer Aided Engineering Market Report Highlights

• The intellectual property protection of software is crucial, as most modern manufacturing organizations rely on computer technology
• The computational fluid dynamics segment is anticipated to witness a high CAGR over the forecast period
• Testing and simulation are the important aspects of a design cycle that help the end-users in achieving profitability and faster time-to-market
• The on-premise segment dominated the market in terms of revenue in 2020 and is anticipated to remain dominant over the projected period
• Simulation software are used to analyze the effect of casing materials on IC performance, thermal management, and electrical signal performance
• The increasing adoption of lithium-ion batteries in consumer electronics application will also enhance the industry demand over the projected period
• The Asia Pacific and South America regions are poised to emerge as the lucrative regional markets over the forecast period with high CAGRs
• The key market players include Siemens AG, Exa Corporation, MSC Software Corporation, and ESI Group

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Computer Aided Engineering Market Segmentation

Grand View Research has segmented the global computer aided engineering market based on type, deployment model, end-use, and region:

CAE Type Outlook (Revenue, USD Million, 2017 - 2028)

• Finite Element Analysis (FEA)
• Computational Fluid Dynamics (CFD)
• Multibody dynamics
• Optimization & simulation

CAE Deployment Model Outlook (Revenue, USD Million, 2017 - 2028)

• On-premise
• Cloud-based

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

• Automotive
• Defense & aerospace
• Electronics
• Medical devices
• Industrial equipment
• Others

CAE Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of the Key Players in the Computer Aided Engineering (CAE) Market

• ANSYS, Inc.   
• Altair Engineering
• Autodesk, Inc.
• Bentley Systems, Inc.
• Dassault Systemes
• ESI Group
• Exa Corporation
• Mentor Graphics Corporation (A subsidiary of Siemens AG)
• MSC Software Corporation (A subsidiary of Hexagon AB)
• 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.

Smart Lock Market to Reflect Robust Expansion During 2021-2028: Grand View Research Inc.

 Smart Lock Market Growth & Trends

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

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

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

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Smart Lock Market Report Highlights

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

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Smart Lock Market Segmentation

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

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

• Deadbolt
• Lever Handles
• Padlock
• Others

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

• Residential
• Hospitality
• Enterprise
• Critical Infrastructure
• Others

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

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

List of Key Players of the Smart Lock Market

• Yale
• Schlage
• August Home
• Kwikset
• Goji
• SDS Smart Locks
• Mul-T-Lock
• UniKey Technologies Inc.

About Grand View Research

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

Chatbot Market Set to Witness an Uptick during 2021 to 2028: Grand View Research Inc.

 

Chatbot Market Growth & Trends

The global chatbot market size is expected to reach USD 2,485.7 million by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 24.9% from 2021 to 2028. The chatbot industry is expected to witness significant growth over the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of chatbots, which act as a major driver for the market.

A significant rise has been observed in the number of users of messaging services, which is expected to surpass the number of users of social networking sites. Additionally, there has been a significant development in the NLP field, which has resulted in streamlined interactions between computers and human languages. The entire chatbot ecosystem comprises various cross-linking features, which facilitates enhanced performance of chatbots in all applications. Most companies prefer in-built chatbots on their websites as they facilitate enterprises in providing instant customer interaction. For instance, Slack and Twitter messaging platforms are preferred by the majority of businesses.

North America is expected to emerge as the major region for the market over the forecast period. The growth in this region is mainly attributed to the increasing deployment of chatbots in various business verticals. Technologies such as artificial intelligence, IoT, and APIs, among others, are evolving at a rapid speed. Chatbots are integrated with these technologies to offer enhanced operations, thereby driving market demand. Artificial intelligence and audio speech-based chatbots are expected to account for the largest market share in the future. Additionally, speech recognition has improved drastically, especially in terms of native languages, which is expected to result in enhanced performance of chatbots in various applications.

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Chatbot Market Report Highlights

• Chatbots find applications in e-commerce, healthcare, and BFSI sectors. The large enterprise emerged as the largest end-user segment in 2020 and is estimated to register a CAGR of 26.0% over the forecast period
• The chatbots for the marketing segment are expected to witness the largest growth over the forecast period as these chatbots can connect the customers directly to service providers
• The standalone segment is estimated to expand at a CAGR of 25.4% over the forecast period
• The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to expand at a CAGR of 25.4% from 2017 to 2028
• Key participants in the chatbot industry include [24]7.ai, Inc.; Acuvate; Aivo; Artificial Solutions; Botsify Inc.; Creative Virtual Ltd.; eGain Corporation; IBM Corporation; Inbenta Technologies Inc.; Next IT Corp.; Nuance Communications, Inc. Chatbots have found wide applications in large enterprises as they enable better understanding of consumer behavior with the help of machine learning

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

Chatbot Market Segmentation

Grand View Research has segmented the global chatbot market based on end user, application, type, product landscape, vertical, and region:

Chatbot End-user Outlook (Revenue, USD Million, 2017 - 2028)

• Small Enterprises
• Medium Enterprises
• Large Enterprises

Chatbot Application Outlook (Revenue, USD Million, 2017 - 2028)

• Bots for Service
• Bots for Social Media
• Bots for Payments/Order Processing
• Bots for Marketing
• Others

Chatbot Type Outlook (Revenue, USD Million, 2017 - 2028)

• Standalone
• Web-based
• Messenger-based/Third Party

Chatbot Product Landscape Outlook (Revenue, USD Million, 2017 - 2028)

• Artificial Intelligence
• Marketing
• Human Intelligence

Chatbot Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• Healthcare
• Retail
• Banking, Financial Services, and Insurance (BFSI)
• Media & Entertainment
• Travel & Tourism
• E-commerce
• Others

Chatbot Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Chatbot Market

• [24]7.ai, Inc
• Acuvate
• Aivo
• Artificial Solutions
• Botsify Inc.
• Creative Virtual Ltd.
• eGain Corporation
• IBM Corporation
• Inbenta Technologies Inc.
• Next IT Corp.
• Nuance Communications, 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.

Light Gauge Steel Framing Market Set to Record Exponential Growth by 2028: Grand View Research Inc.

 Light Gauge Steel Framing Market Growth & Trends

The global light gauge steel framing market size is expected to reach USD 48.21 billion by 2028, registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. The development of advanced materials with capabilities that offer safety as well as strong structural support will augment the market growth over the forecast years.

The use of these framing products provides ease of installation along with a reduction in the cumulative project completion period owing to pre-fabricated structures, which is anticipated to drive product demand significantly over the next few years. The need to lower the production costs involved in the construction of buildings is also estimated to be one of the key factors responsible for market growth.

The rising need to reduce the cost is projected to result in the development of refined materials and manufacturing processes, ultimately increasing product adoption across the globe. Over the coming years, the product is estimated to have an increased scope of application in commercial buildings owing to improved strength of framing material, facilitating its use in the construction of buildings with more than three floors.

The Covid-19 pandemic has had a significant impact on the market in 2020. Several manufacturing companies reported a notable drop in their revenues for Q1 and Q2 of the year 2020. However, the market witnessed growth in the latter part of Q3 and the beginning of Q4 of 2020. Key players in the market emphasize more on expanding their market presence through mergers and acquisitions.

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Light Gauge Steel Framing Market Report Highlights

• The skeleton product type segment is expected to witness the fastest CAGR of more than 5% over the forecast period
• The segment growth can be credited to the benefits offered by the skeleton product types, in terms of strength and safety
• Governments across the globe have undertaken several initiatives for infrastructure development boosting the construction of commercial properties, which has subsequently contributed to the growth of the overall market
• The residential end-use segment led the global market accounting for the highest revenue share in 2020 and is expected to grow at a healthy CAGR from 2021 to 2028
• This growth is attributed to the increased product adoption in the residential construction sector on account of the rising need to reduce the overall project completion periods
• Asia Pacific was the dominant regional market in 2020 and will retain its leading position throughout the forecast period owing to the increasing construction activities of new commercial and industrial buildings

Access Press Release@ https://www.grandviewresearch.com/press-release/global-light-gauge-steel-framing-market

Light Gauge Steel Framing Market Segmentation

Grand View Research has segmented the global light gauge steel framing market on the basis of type, end-use, and region:

Light Gauge Steel Framing Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Skeleton
• Wall Bearing
• Long Span

Light Gauge Steel Framing End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Commercial
• Residential
• Industrial

Light Gauge Steel Framing Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of Light Gauge Steel Framing Market

• Hadley Group
• Clarkwestern Dietrich Building Systems LLC
• Precision Walls Inc.
• QSI Interiors Ltd.
• Metek U.K. Ltd.
• Intelligent Steel Solutions Ltd.
• FRAMECAD Ltd.

About Grand View Research

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

Sports Analytics Market to Expand with Significant CAGR During 2021 – 2028: Grand View Research Inc.

 Sports Analytics Market Growth & Trends

The global sports analytics market size is expected to reach USD 3.44 billion by 2028, registering a CAGR of 21.3% from 2021 to 2028, according to a new report by Grand View Research, Inc. The growing preference for data-driven decision-making among various teams and associations is expected to drive the growth of the market. Sports analytics can potentially help coaches and team managers in obtaining in-depth insights about various parameters and the performance of players and in designing effective training sessions based on those insights. Monitoring of physical parameters can also be coupled with predictive analysis to help in preventing injuries that may happen in the future.

The sports industry generates large volumes of data. However, most of this data is raw data, which is unable to provide any clear insights. Nevertheless, if the data is used effectively, it can potentially provide deeper insights into the performance of individual players as well as the entire team. Analytical tools can help analyze this raw data and provide meaningful insights in real-time using interactive graphical interfaces.

Analytical tools can typically help in analyzing first-hand data, such as win and loss records, players’ line-up, opponents’ history, and players’ various metrics, including speed, distance covered, acceleration, stamina, and energy levels. The insights obtained from the analysis of these parameters can be potentially used to make informed decisions and enhance the performance of individual players as well as the entire team. The insights can also be shared with fans, enthusiasts, and other followers on various platforms, including social media.

Prominent teams and associations have already started implementing sports analytics solutions and hiring dedicated analysts as part of the efforts to enhance the performance of individual players as well as the entire team, gain a competitive advantage both on and off the field, and outperform the opponents. Associations such as the German Football Association, Royal Spanish Football Federation, and National Basketball Association (NBA), among others, have also implemented analytical tools to predict the outcomes of future game events.

Teams are typically adopting analytics solutions to stay at the top of the game in terms of overall performance, players’ fitness, and engagement with fans. For instance, Spanish football/soccer team Real Madrid has partnered with Microsoft Corp. to use state-of-the-art technology in analyzing the team’s performance and players’ fitness. Similarly, English football team Manchester United is relying on Aon plc as a trusted advisor in sports analytics.

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Sports Analytics Market Report Highlights

• The software segment is expected to register a strong CAGR over the forecast period owing to the rising demand for cloud-based sports analytics software that offers ease of accessibility and flexibility
• The on-field segment is expected to exhibit the highest CAGR over the forecast period in line with the growing preference for wearable player tracking devices
• Football is anticipated to exhibit the highest CAGR over the forecast period in line with the aggressive investments by various football clubs and teams are making in adopting the latest technologies
• Asia Pacific is expected to exhibit strong growth with China and Japan particularly contributing to the growth of the regional market

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

Sports Analytics Market Segmentation

Grand View Research has segmented the global sports analytics market based on component, analysis type, sports, and region:

Sports Analytics Component Outlook (Revenue, USD Million, 2017 - 2028)

• Software
• Service

Sports Analytics Analysis Type Outlook (Revenue, USD Million, 2017 - 2028)

• On-field
  • Player & Team Analysis
  • Video Analysis
  • Health Assessment
• Off-field
  • Fan Engagement
  • Ticket Pricing

Sports Analytics Sports Outlook (Revenue, USD Million, 2017 - 2028)

• Football
• Cricket
• Baseball
• Basketball
• Rugby
• Others

Sports Analytics Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in the Sports Analytics Market

• Agile Sports Analytics, LLC
• Catapult
• ChyronHego Corporation
• Deltatre
• Experfy Inc.
• Genius Sports Group
• IBM Corporation
• Oracle Corporation
• SAP SE
• SAS Institute Inc.
• Sportradar AG
• Stats Perform

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.

Server Market Growth in the Coming Years

 Server Market Growth & Trends

The global server market size is expected to reach USD 145.31 billion by 2028, according to a study conducted by Grand View Research, Inc. It is expected to expand at a CAGR of 7.8% from 2021 to 2028. The demand for servers is anticipated to grow considerably over the forecast period owing to the growing focus on the timely update of IT infrastructure worldwide. The rising adoption of data analytics among enterprises to understand consumer trends has resulted in the growing adoption of IT networking equipment. Furthermore, the rollout of 5G networks and technologies such as the Internet of Things (IoT), cloud computing, and virtualization is expected to fuel the demand for high-performance computing servers.

The rising preference for contactless payments and remote working amid the COVID-19 pandemic is expected to drive the need for high-speed data processing and storage capacity across various industry verticals. Advanced technologies have paved the way for connected appliances and autonomous vehicles, which has prompted IT infrastructure companies to opt for the latest, advanced storage solutions, including flash memory and solid-state drives (SSD), for storing crucial business data. Meanwhile, the demanding and changing configurations required by cloud service providers are driving the demand for servers. For instance, in May 2020, Facebook released its third generation Yosemite scalable server, which is equipped with Cooper Lake CPU and six memory modules. Such developments are expected to cause an increase in the average selling prices of servers, which is expected to subsequently benefit the market growth.

Several enterprises are shifting to managed data center services from colocation data centers owing to the cost advantages offered by managed data center services. Managed data centers allow enterprises to adopt virtual servers by renting the networking equipment, connecting devices and peripherals, and cloud space. The cloud server space can be private or shared, which again allows the enterprises to reduce the total cost of ownership.

The market is witnessing increasing competition between OEMs and Original Design manufacturers (ODMs). OEMs are the companies that manufacture servers as well as sell them through resellers and distributors, while ODMs design and manufacture similar servers and directly sell them to the customer. Besides, ODMs cater to the demand for servers customized according to the user configuration. The increasing demand for customized requirements is expected to drive server sales through ODMs.

The market is characterized by intense competition among established market players. Key market players are focused on product innovation and the introduction of new technologies to their server portfolios. For instance, in September 2019, Dell EMC introduced new products in its PowerEdge server portfolio. These new servers are equipped with 2^nd Gen AMD EPYC processors, which help to easily manage the platform and offer superior performance to the user. The new servers are built specifically for modern data centers for multi-cloud approaches.

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Server Market Report Highlights

• By product, the rack segment held the dominant revenue share in 2020 and is expected to maintain its lead over the forecast period. Rack servers can be configured to support specific applications and a wide range of requirements. Additionally, these servers are compact and can be fitted in small closets. These factors are expected to drive the consistent adoption of rack servers
• Based on enterprise size, the large segment dominated the market in 2020. This can be attributed to the large data volumes handled by large enterprises and the high investment capital available with these enterprises for deploying sophisticated IT infrastructure
• On the basis of channel, the direct segment is expected to register the highest revenue-based CAGR of 9.0% over the forecast period. The growth of this segment can be attributed to the customer-specific server designs and the low cost of servers offered by this channel
• In terms of vertical, the IT and telecom segment dominated the market in 2020 and is expected to register the highest revenue-based CAGR over the forecast period. This can be attributed to the increased adoption of high-end IT infrastructure in the sector to handle large data volumes, which require high processing speeds
• Asia Pacific is expected to witness the fastest growth in terms of revenue over the forecast period in line with the rapid development of IT and communication infrastructure and the continued rollout of 5G networks. The market in the region is also expected to benefit from a rise in digitization across several industries and sectors in China, Japan, and India

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

Server Market Segmentation

Grand View Research has segmented the global server market on the basis of product, enterprise size, channel, vertical, and region:

Server Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Blade
• Rack
• Tower
• Micro
• Open Compute Project (OCP)

Server Enterprise Size Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Micro
• Small
• Medium
• Large

Server Channel Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

• Reseller
• Direct
• Systems Integrator
• Others

Server Vertical Outlook (Revenue, USD Billion, 2016 - 2028)

• IT & Telecom
• BFSI
• Government & Defense
• Healthcare
• Energy
• Others

Server Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Server Market

• IBM
• Hewlett Packard Enterprise Development LP
• Dell
• Lenovo
• Fujitsu
• Inspur Technologies Co. Ltd.
• Huawei Technologies Co. Ltd.

About Grand View Research

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

Global Market for Bearings to Reflect Steadfast Expansion During the Forecast Period: Grand View Research Inc.

 

Bearings Market Growth & Trends

The global bearings market size is expected to reach USD 226.8 billion by 2028, registering a CAGR of 8.5% over the forecast period, according to a new report by Grand View Research, Inc. Bearings are essential in almost every application that involves motion, and they help minimize friction between different mechanical components in several industrial machinery and equipment, resulting in reduced energy consumption. Hence, this machine element finds application in all industries, ranging from automobiles, household appliances, and aerospace to industrial machinery, using machinery or related motor-driven linkages.

The market is estimated to witness considerable growth in the forthcoming years, ascribed to the aim to achieve energy efficiency. Energy-saving and bearings go hand-in-hand. The main objective of this element is saving energy by reducing friction, be it during the rotation of shafts of a transmission or the wheel of a vehicle. Additionally, the rising demand for commercial vehicles is expected to catapult the demand from the automotive sector across the world.

Technological advancements including smart bearings, development of advanced materials and lubricants, and integrating sensor units, are anticipated to provide high growth potential to the market. With the objective of enhancing performance, vendors are incorporating sensor units of the product. Sensor units help digital monitoring of rotation speed, axial movement, load-carrying capacity acceleration, and deceleration. These units are presently being used in conveyors forklifts, road rollers, and electric motors. Furthermore, the integration of IoT capabilities facilitates manufacturers to monitor operations constantly.

The market is mature with a dynamic demand closely related to the state of engineering industries and capital goods. Companies are offering integrated products that significantly decrease the number of bearings that go into an assembled product and reduce the overall cost of equipment. This in turn is also increasing the shelf-life and reliability of the product. Product manufacturers are increasingly investing in R&D to address the intensifying competition by providing innovative products.

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Bearings Market Report Highlights

• The development of cost-effective wind energy generating product has resulted in their increased espousal within wind turbine applications that aid in increasing energy production, reduce lubricant consumption, and enhancing turbine performance and reliability
• The roller bearings segment is anticipated to emerge as the largest product segment by 2028 ascribed to their ability to carry heavy loads and shock or impact loading
• The railway and aerospace segment is estimated to witness the fastest CAGR of over 10.0% over the foreseeable years, due to their growing demand in applications such as shock absorbers, gearboxes, doors, and tilting mechanisms to name a few
• Asia Pacific is anticipated to witness the fastest CAGR of over 9.0% by 2028. This can be attributed to the increased demand for fuel-efficient passenger vehicles, industrialization, and infrastructure development in various countries such as China, India, and Japan
• Various leading companies are investing in high-level R&D to come up with innovative solutions. These solutions are focused on being cost-effective as well as on enhancing the overall quality of the end-product

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

Bearings Market Segmentation

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

Bearing Product Outlook (Revenue, USD Billion, 2016 - 2028)

• Ball Bearings
  • Deep Groove Bearings
  • Others
• Roller Bearings
  • Split
  • Tapered
  • Others
• Others

Bearing Application Outlook(Revenue, USD Billion, 2016 - 2028)

• Automotive
• Agriculture
• Electrical
• Mining & Construction
• Railway & Aerospace
• Automotive Aftermarket
• Others

Bearing Regional Outlook (Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Bearings Market

• Brammer PLC
• Harbin Bearing Manufacturing Co., Ltd.
• HKT Bearings Ltd.
• JTEKT Corporation
• NBI Bearings Europe
• NSK Global
• NTN Corporation
• RBC Bearings Inc.
• Rexnord Corporation
• RHP Bearings
• Schaeffler Group
• SKF Corporation
• The Timken 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.

Bicycle Market to Penetrate Untapped Regions During 2021 to 2028: Grand View Research Inc.

 Bicycle Market Growth & Trends

The global bicycle market size is anticipated to reach USD 92.49 billion by 2028, registering a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. Increasing adoption of cycling as a form of leisure and awareness regarding the health benefits associated with cycling are the factors expected to bolster market growth. Bicycles are being preferred for short-distance commutes as they save considerable time as compared to other vehicles. Moreover, limited parking spaces and growing traffic congestions are prompting people to reconsider bicycles as a primary option for the commute.

Rising emphasis on the use of non-polluting vehicles for short-distance commutes by governments across the world is anticipated to positively influence market growth. The fact that bicycles do not emit any pollutants is projected to drive their demand in near future. Moreover, consumers are rapidly moving toward online distribution channels to buy a bicycle due to several key factors, including doorstep delivery and replacement and availability of a variety of products. Also, due to the outbreak of the COVID-19 pandemic, consumers are mainly focused on avoiding crowded places to prevent themselves from virus infections.

The road bicycle is expected to emerge as the fastest-growing segment over the forecast period. These happen to be the most basic bicycles that consumers prefer owing to their ease of use. These cycles do not require any sophisticated equipment required by mountain and hybrid bicycles. This factor is anticipated to bode well for the growth in demand over the forecast period. Moreover, dockless bicycle-sharing systems are expected to gain attention in the coming years as they enable users to locate and electronically unlock a nearby bicycle for rent. Produced originally in Europe, these systems are gaining acceptance, especially in Asian countries, including India and China.

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Bicycle Market Report Highlights

• The global market is growing significantly as bike-sharing companies, particularly in Europe and Asia, are investing aggressively in expanding their operations
• The mountain bicycle segment is anticipated to expand at a CAGR exceeding 7% over the forecast period. Rising popularity in line with the increasing media coverage for mountain bicycle racing events and the establishment of new mountain biking circuits are expected to drive the growth
• Apart from being easy to use, electric bicycles can potentially shorten the journey time. Moreover, advances in battery technology have resulted in the advent of lighter rechargeable batteries that can support longer journeys. These factors are attributed to the growth of the electric bicycle segment
• The men segment is expected to expand significantly at a CAGR of over 7.2% over the forecast period as men would continue to outnumber women and kids in terms of opting for a bicycle commute. The number of men opting for bicycle commutation was higher than that of women and kids in 2019
• Asia Pacific was the dominant regional market in 2020 with a revenue share exceeding 34%. Governments in Asian nations, particularly Japan, China, and Singapore, among others, are investing aggressively in establishing the infrastructure necessary to encourage and support bicycle commutation
• Leading market incumbents are Accell Group; Dorel Industries Inc.; Giant Bicycles; Merida Industry Co., Ltd.; and Trek Bicycle Corporation. They dominated the market in 2020 leveraging a continuous emphasis on expanding their market share through mergers and acquisitions

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

Bicycle Market Segmentation

Grand View Research has segmented the global bicycle market based on product, technology, end user, distribution channel, and region:

Bicycle Product Outlook (Revenue, USD Million, 2016 - 2028)

• Mountain Bicycle
• Hybrid Bicycle
• Road Bicycle
• Others

Bicycle Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Electric
• Conventional

Bicycle End-user Outlook (Revenue, USD Million, 2016 - 2028)

• Men
• Women
• Kids

Bicycle Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Offline

Bicycle Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Bicycle Market

• Accell Group
• Atlas Cycles (Haryana) Ltd.
• Avon Cycles Ltd.
• Cervelo
• Dorel Industries Inc.
• Giant Bicycles
• Merida Industry Co., Ltd
• Specialized Bicycle Components, Inc.
• SCOTT Sports SA
• Trek Bicycle 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.

Business Process Outsourcing Market Trends, Demand, Production, Analysis and Forecast to 2028: Grand View Research Inc.

 Business Process Outsourcing Market Growth & Trends

The global business process outsourcing market size is projected to reach USD 435.89 billion by 2028, registering a CAGR of 8.5% during the forecast period, according to a study conducted by Grand View Research, Inc. The demand to reduce operational expenditures associated with non-core activities and increasing focus on core competencies across several end-use verticals are factors contributing to the market growth. Moreover, the increased preference of new-age organizations for handling core business functions in-house and outsourcing support functions to third-party vendors for better growth prospects are expected to drive the market.

Digital technologies are creating lucrative opportunities for several business leaders. Long-established operations and business process outsourcing (BPO) models are being renewed through more intelligent workflows using, such as cloud, Artificial Intelligence (AI), automation, and Internet of Things (IoT). To grow and remain relevant, businesses are required to constantly evolve to fully orchestrated and intelligent processes that consider employees, customers, business partners, and suppliers alike.

An increasing number of BPO service providers are making greater use of these technologies to boost the efficiency of their services. Major service providers are also anticipated to use technological innovations to efficiently manage talent shortages, enhance products and services, and address market challenges while keeping operating costs low for their clients. Robotic process automation has emerged as a fast-growing trend in the market, particularly in the management sector, providing high-value creation with fast time-to-market and notable cost savings.

Although the market is projected to grow significantly over the forecast years, companies express concerns about high dependency on external outsourcing service providers; dependency poses a potential security risk related to the confidentiality and integrity of user data. Preserving and maintaining the confidentiality and integrity of user data is a vital concern that is common for all companies. In addition, the lack of effective frameworks to ensure the quality of service and rising budgetary pressures are some of the key factors restraining the growth of the market.

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Business Process Outsourcing Market Report Highlights

• On basis of service type, the demand for BPO solutions in the human resource segment is expected to register the second-fastest CAGR over the forecast period
• The rising need for aligning HR and business operations, compliance management, changing policy framework, cost reduction, and access to key technologies is boosting the demand for BPO services in the HR sector
• In 2020, the IT & telecommunication segment accounted for the highest revenue share and expand further at a steady CAGR from 2021 to 2028
• BPO solutions help telecom companies establish a flexible strategy to acquire and retain more customers, access specialized resources, optimize current investments, and manage cost pressures
• The Asia Pacific market is expected to witness the fastest CAGR during the forecast period
• Increasing demand for talented professionals, reduced labor costs, and significant digital investments by leading vendors, such as HCL Technologies Ltd., Infosys Ltd., Accenture, and Wipro, are expected to drive regional market growth
• Moreover, infrastructure investments by government bodies are expected to provide growth opportunities to the market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-business-process-outsourcing-bpo-market

Business Process Outsourcing Market Segmentation

Grand View Research has segmented the global business process outsourcing market on the basis of service type, end-use, and region:

BPO Service Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Finance & Accounting
• Human Resource
• KPO
• Procurement
• Customer Services
• Others

BPO End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• BFSI
• Healthcare
• Manufacturing
• IT & Telecommunications
• Retail
• Others

BPO Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key players of Business Process Outsourcing (BPO) Market

• Accenture
• Amdocs
• Infosys Limited (Infosys BPM)
• HCL Technologies Limited
• CBRE Group Inc.
• NCR Corporation
• Wipro Limited
• Capgemini
• TTEC Holdings, Inc.
• Sodexo

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.