Vitamin Supplements Market to Reach USD 71.37 Billion by 2028: Grand View Research Inc.

 Vitamin Supplements Market Growth & Trends

The global vitamin supplements market size is expected to reach USD 71.37 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2021 to 2028. The market is predominantly driven by the growing awareness regarding the nutrition intake associated with health.

The nutraceutical industry is an evolving and dynamic sector, which offers novel opportunities to collaborate scientific discovery with the growing consumer interest in health-enhancing foods. It tracks and monitors consumer trends and relationships with mass distributors, thus the products developed in this industry are a response to direct demand. It is used to improve health, delay the aging process, prevent chronic diseases, increase life expectancy, and support the structuring and functioning of the body.

Awareness among consumers regarding health and wellness is shifting the trend toward the “Prevention is better than cure” ideology. This has resulted in more consumers relying on nutraceuticals, functional foods, and dietary and vitamin supplements to lead a healthy and disease-free life.

Nutraceuticals including vitamin supplements have received immense focus in the recent past owing to their nutritional and pharmaceutical benefits along with being safe for consumption without significant side effects. This has led to an explosive growth of the nutraceutical market across the globe.

Vitamin supplements are widely consumed as nutritional supplements across the world as they are useful in the treatment of various diseases and support overall immunity. The manufacturers operating in the market have witnessed an increase in demand due to the COVID-19 pandemic.

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Vitamin Supplements Market Report Highlights

• On the basis of type, the multivitamin segment dominated the market in 2020 with a revenue share of over 40.0%. This is due to the high demand for a blend of vitamins for the overall improvement of health and wellness
• In terms of form, gummies are expected to expand at the fastest CAGR of 7.0% from 2021 to 2028. It is a sweet jelly-like form, is easy-to-carry, and offers better taste, good mouth feel, and essential nutrients
• Based on distribution channel, the online segment is expected to expand at the fastest CAGR of 6.9% from 2021 to 2028 as it provides ease of ordering the required supplements directly from the website, along with free shipping and home delivery services
• North America dominated the market with a revenue share of over 30.0% in 2020. The increasing demand for functional food and health supplements among consumers is a major factor driving the market in the region
• In 2020, Pharmavite, the U.S.-based dietary supplement manufacturer, launched personalized vitamin and supplement subscription service as an extensive brand of Nature Made. This service helps the company to improve its brand value and customer relations

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Vitamin Supplements Market Segmentation

Grand View Research has segmented the global vitamin supplements market on the basis of type, form, distribution channel, and region:

Vitamin Supplements Type Outlook (Revenue, USD Million, 2017 - 2028)

• Multivitamin
• Vitamin A
• Vitamin B
• Vitamin C
• Vitamin D
• Vitamin E
• Vitamin K

Vitamin Supplements Form Outlook (Revenue, USD Million, 2017 - 2028)

• Powder
• Tablets
• Capsules
• Softgels
• Gummies
• Others

Vitamin Supplements Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Offline
  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Others
• Online

Vitamin Supplements Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Vitamin Supplements Market

• Glanbia Plc
• Pfizer Inc.
• Bayer AG
• Amway Corp.
• GlaxoSmithKline plc.
• Good Health New Zealand
• The Nature's Bounty Co.
• NOW Foods
• Abbott
• Herbalife Nutrition
• Nature's Sunshine Products, Inc.
• NU SKIN
• RBK Nutraceuticals Pty Ltd.
• American Health, Inc.
• Pharmavite

About Grand View Research

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

Europe Natural Dyes & Pigments Market Forecasted to Grow at Steady Pace During 2021-2028: Grand View Research Inc.

 Europe Natural Dyes & Pigments Market Growth & Trends

The Europe natural dyes and pigments market size is anticipated to reach USD 2.18 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 10.1% over the forecast period. The market is anticipated to witness growth due to the increasing demand for digital inks in fabrics and printing inks. Moreover, the raw material price volatility and environmental concerns arising during the manufacturing of synthetic dyes and pigments have further contributed to the development of the natural dyes and pigments market in Europe.

Natural dyes offer better UV protection than synthetic dyes. They exhibit higher UV absorption in the fabrics and result in protection from the sun’s harmful rays. Synthetic colorants tend to be harmful, rendering allergic and intolerance reactions in humans. The non-carcinogenic, non-toxic, and biodegradable characteristics of natural dyes and pigments have proved to be a safer alternative to synthetic colorants in the cosmetic industry.

Key players in the market are carrying out research and development to expand their product offerings. For instance, in July 2021, GNT Group B.V., a company specializing in creating dyes from fruit, vegetables, and edible plants, expanded its range of plant-based EXBERRY colors by launching two new green shades made from turmeric and spirulina.

The Europe market for natural dyes and pigments has witnessed an increase in merger and acquisition activities by key players to strengthen their position in the market. As of 11th October 2021, Givaudan announced the acquisition of DDW The Color House which produces colors from natural sources like fruits, vegetables, and seeds and caters to the food sector. This acquisition is expected to enable Givaudan to become a global leader in natural colors.

In October 2020, Givaudan launched New Red 1805, a vegan high-performance red pigment for use in make-up formulations. It has been crafted for lipstick creation in cosmetics applications. The introduction of new natural pigments is expected to result in market growth for natural dyes & pigments in Europe.

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Europe Natural Dyes & Pigments Market Report Highlights

• The phycocyanin pigments product segment is expected to witness the highest CAGR of 11.8%% over the forecast period in terms of revenue. Phycocyanin segment has a more epitome blue colorant than indigo and gardenia and is expected to witness an increase in demand due to the growing food and beverage industry in Europe over the forecast period
• The growing demand for natural dyes and pigments in Europe is driven by the increasing demand for natural ingredients-based cosmetics and the consumer preference for natural food colorants
• Natural dyes and pigments are more expensive than their synthetic counterparts since their production involves advanced technological processes such as the systematic extraction of pigments, which increases their price. This is expected to hinder the market growth
• Germany accounted for a share of more than 19.0% of the overall revenue in 2020. It is expected to witness a growth of over 10.0% during the forecast period

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Europe Natural Dyes & Pigments Market Segmentation

Grand View Research has segmented the Europe natural dyes and pigments market based on product, application, and country:

Europe Natural Dyes & Pigments Product Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Dyes
  • Plant-based
  • Animal-based
  • Mineral-based
• Pigments
  • Carotenoids
  • Anthocyanins
  • Betalains
  • Quercetin
  • Chlorophyll
  • Phycocyanin-based

Europe Natural Dyes & Pigments Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Dyes
  • Printing Inks
  • Textiles
  • Food & Beverages
    • Meat Products
    • Dairy Products
    • Bakery
    • Confectionary
    • Beverages
    • Processed Food & Vegetables
  • Others
• Pigments
  • Plastic
  • Paints & Coatings
  • Printing Inks
  • Cosmetics
    • Hair Colors
    • Make-up Products
    • Toothpaste
    • Others
  • Food & Beverages
    • Meat Products
    • Dairy Products
    • Bakery
    • Confectionary
    • Beverages
    • Processed Food & Vegetables
  • Others

Europe Natural Dyes & Pigments Country Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Germany
• UK.
• France
• Italy
• Russia & CIS Countries

List of Key Players of the Europe Natural Dyes & Pigments Market

• BASF SE
• Koninklijke DSM N.V.
• ABBEY COLOR
• GNT Group B.V.
• EW Nutrition
• Naturex
• DYNADIS
• Vidya Europe Production SAS

About Grand View Research

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

Europe Coin-operated Laundries Market Trends Analysis And Forecast Till 2028: Grand View Research Inc.

 Europe Coin-operated Laundries Market Growth & Trends

The Europe coin-operated laundries market size is anticipated to reach USD 7.5 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 industry has undergone a revolution. Laundromats are no longer dingy, unsafe, and tedious places that customers must endure on a weekly basis, and have instead become fun and attractive multiservice centers that customers may even enjoy visiting. Modern-day businesses have snack bars, a place to leave off and pick up dry cleaning, and video games. Some of them even use additional methods of payments instead of exclusively being dependent on coins. Many laundry owners also employ attendants to keep an eye on the store and help customers use the equipment.

In addition, owners have realized that they can maximize their profits by providing customers with access to multiple services. Since they pay a set amount of rent on their commercial space, they have started to use that space to its fullest potential. Coin-operated laundry firms are located in apartment housing and are referred to as multi-housing laundry businesses or route laundry businesses. These businesses thrive in periods of both growth and recession. During periods of recession, when homeownership decreases, the self-service laundry market expands as more people are unable to afford to repair, replace, or purchase new washers and dryers, or as they move to apartment housing with inadequate or nonexistent laundry facilities. The market size grows proportionately to the increase in population.

Moreover, most hotels, hostels, and temporary lodging establishments offer coin-operated laundry services for their guests. Hotels often have an agreement that lets guests use laundromat services. In January 2021, Springboard Hospitality expanded its roster of Hawaii properties with the addition of Ohia Waikiki Studio Suites. The studio suit, along with offering 251 apartment-style accommodations, full kitchens, pool, bar, and restaurant, also offers coin-operated laundry facilities. Similarly, in November 2020, 304-room Marriott Tacoma Downtown was inaugurated, which, along with various facilities, also offers coin-operated laundry services.

Furthermore, Hybrid card-op laundry payment allows one to audit the amount of both coin and card sales in each of the machines. As money boxes near capacity, the one gets alerted by email and schedule the right time to have them emptied. Along with this, with an accurate system of accounting for machines, the collections get correctly deposited. Hybrid coin-and-card systems allow one to take the complexity out of dealing entirely with coins alone and save time. As a result, the acceptance of payment through various different channels can increase the traction and contribute to the growth of the industry.

Also, even though the COVID-19 pandemic is on the decline in terms of its impact, its economic impact continues to spread. From laundry businesses having to close down temporarily to closing up shop completely, the ripple effects that the outbreak has had and will continue to have on the national and global economies are unprecedented. For many Europeans, it was routine to run a quick wash at the local laundromat after coming home from work. However, with many Europeans still working from home, the need to go out and use these services has declined.

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Europe Coin-operated Laundries Market Report Highlights

• The market is expected to witness a CAGR of 9.1% from 2021 to 2028
• The residential application segment accounted for the largest revenue share of 80.5% in 2020
• Germany held the largest revenue share of 17.1% in 2020

Access Press Release@ https://www.grandviewresearch.com/press-release/europe-coin-operated-laundries-market-analysis

Europe Coin-operated Laundries Market Segmentation

Grand View Research has segmented the Europe coin-operated laundries market on the basis of application and country:

Europe Coin-operated Laundries Application Outlook (Revenue, USD Million, 2016 - 2028)

• Residential
• Commercial

Europe Coin-operated Laundries Country Outlook (Revenue, USD Million, 2016 - 2028)

• Germany
• UK.
• France
• Spain
• Italy
• Russia

List of Key Players of Europe Coin-operated Laundries Market

• Elis SA
• COLÁN Córdoba
• Quesada Laundry Service
• WASH’ N DRY (LAVERIE LIBRE SERVICE)
• TECNITRAMO
• REMBLI
• LAVANDERIA LAVISA
• Broomfield Launderette
• Girbau
• Johnson Service Group 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.

Automated Suturing Devices Market Trends, Demand, Production, Analysis and Forecast to 2028: Grand View Research Inc.

 Automated Suturing Devices Market Growth & Trends

The global automated suturing devices market size is expected to reach USD 5.1 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.7% from 2021 to 2028. The factors influencing market growth include the increasing prevalence of chronic disorders, the growing geriatric population, rising preference of minimally invasive surgeries over traditional methods, growing technological advancements, and novel innovations in surgical equipment is also propelling the growth. However, lower penetration of automated suturing devices in developing economies and a lack of skilled professionals are expected to hinder market growth.

The increasing prevalence of minimally invasive surgeries for the preventive treatment of chronic disorders such as cardiac, orthopedic, gastrointestinal, and gynecological surgeries is expected to fuel market growth. Minimally invasive surgeries have advantages such as safety, shorter hospital stay and recovery time, and an overall reduction in hospital bills. These minimally invasive surgeries are economically viable alternatives to open or traditional surgeries. Technological advancements in minimally invasive surgeries and the introduction of new products in the market are among factors expected to drive the market.

Furthermore, the increasing geriatric population leads to a heavy financial burden on the global healthcare system. According to Population Reference Bureau, in the U.S., the number of people aged 65 years and above is expected to reach 95 million by 2060. Such a sudden increase in geriatrics is expected to increase the demand for automated suturing devices for preventive surgeries and which in turn, fuels market growth.

Increasing number of initiatives being undertaken by governments and nonprofit organizations to increase awareness about minimally invasive surgeries is expected to boost the adoption of automated suturing devices used for preventive treatment.

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Automated Suturing Devices Market Report Highlights

• The reusable automated suturing devices segment has captured the largest revenue share in 2020
• The cardiac segment dominated the market and accounted for revenue share in 2020 followed by the orthopedic segment in 2020 owing to the rising burden of cardiovascular disorders is the major factor contributing to segment growth
• The ASC segment is predicted to witness the fastest growth rate over the forecast timeframe due to increasing patient footfall and quick turnaround
• North America dominated the market and is predicted to maintain its dominance over the forecast period

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Automated Suturing Devices Market Segmentation

Grand View Research has segmented the global automated suturing devices market on the basis of product, application, end use, and region:

Automated Suturing Devices Product Outlook (Revenue, USD Million, 2017 - 2028)

• Disposable
• Reusable

Automated Suturing Devices Application Outlook (Revenue, USD Million, 2017 - 2028)

• Cardiac
• Orthopedic  
• Gastrointestinal
• Ophthalmic
• Dental
• Gynecological
• Others

Automated Suturing Devices End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Hospitals
• Ambulatory Surgical Centers
• Others

Automated Suturing Devices Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Automated Suturing Devices Market

• Medtronic Plc
• Boston Scientific
• BD
• EndoEvolution
• LSI Solutions, Inc.
• Smith & Nephew
• Sutrue
• Apollo Endo-surgery

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.

True Wireless Stereo Earbuds Market to Expand at a CAGR of 36.1% Through 2028: Grand View Research Inc.

 True Wireless Stereo Earbuds Market Growth & Trends

The global true wireless stereo earbuds market demand is expected to reach USD 305,499.8 million by 2028, registering a CAGR of 36.1% from 2021 to 2028, according to a study conducted by Grand View Research, Inc. The proliferation of connected devices at affordable prices is expected to favor true wireless stereo (TWS) earbuds market growth. Manufacturers are focused on introducing earbuds with multiple pair points to enable users to connect with multiple devices. As such, TWS earbuds are gradually gaining popularity as a convenient smartphone accessory. The wire-free and sophisticated design of these earbuds acts as the key purchase motivator for consumers

Moreover, the work-from-home norms imposed during the COVID-19 pandemic have accelerated the demand for IT accessories, including wireless earbuds. These devices can easily be used for listening to music or attending work-related con-calls. Besides features, such as Advanced Noise Cancellation (ANC) and wireless connectivity, TWS earbuds also come with a built-in carry case charger that offers seamless usage for over 150 hours. Furthermore, instant pairing across a variety of devices using Bluetooth, IPX7 certification, and support of voice assistants, such as Google and Siri, are also contributing to the market growth.

The rising demand for new and improved features serves as a catalyst for advancements in the market. Companies focus on launching products with differentiated features under various price bands. Multi-functional TWS earbuds are widely demanded as they cater to different applications, such as fitness, gaming, and entertainment, and offer extended capabilities, including fitness tracking and voice recognition. Moreover, several Chinese vendors, such as Xiaomi and Realme, have introduced entry-level wireless earbuds in the APAC market, making them an affordable choice for all consumers. The demand is expected to remain bullish over the next few years.

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True Wireless Stereo Earbuds Market Report Highlights

• The USD 100–199 price band segment led the global market in 2020 and is projected to expand further at a steady CAGR over the forecast period
• The proliferation of entry-level devices is expected to play a pivotal role in favoring the segment growth
• North America led the largest revenue share of more than 37% due to early technology adoption and high attention toward health & fitness amid the pandemic have been instrumental in driving the market growth in this region
• However, in terms of unit shipments, the demand for wireless earbuds in Asia Pacific surpassed the demand in North America in 2018
• Aggressive pricing strategies employed by Chinese vendors contributed to the large share of the regional market

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True Wireless Stereo Earbuds Market Segmentation

Grand View Research has segmented the global true wireless stereo earbuds market on the basis of price band and region:

True Wireless Stereo Earbuds Price Band Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2028)

• Below USD 100
• USD 100-199
• Over USD 200

True Wireless Stereo Earbuds Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Greater China
  • India
  • Japan
  • South Korea
  • SEA
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa

List of Key Players of True Wireless Stereo Earbuds Market

• Apple, Inc.
• Bose Corp.
• Jabra
• Harman International Industries, Inc.
• Sony Corp.
• Sennheiser Electronic GmbH & Co.
• Xiaomi

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.

Healthcare Customer Data Platform Market Pegged For Strong Growth During 2021-2028: Grand View Research Inc.

 Healthcare Customer Data Platform Market Growth & Trends

The global healthcare customer data platform market size is expected to reach USD 1.6 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 27.2% from 2021 to 2028. Due to the ongoing COVID-19 pandemic, patient needs and customer behavior patterns have changed and this trend is likely to continue until the pandemic is completely contained. The companies or brands require a structured approach to deal with the changing industry trends. The Customer Data Platform (CDP) systems have the potential to offer help in healthcare operations. Understanding patient preferences through predictive analytics is crucial for healthcare organizations. CDPs are now offering COVID-19 impact strategies to understand insights related to patient preferences.

CDPs can improve compliance with information privacy regulations such as the General Data Protection Regulation (EU) (GDPR) and the California Consumer Privacy Act (CCPA). These regulatory laws need companies to provide customers with the right to access their information. Meeting these regulatory requirements can be challenging for healthcare providers in case the patient data resides in different systems. CDPs create a unified view of each patient by capturing information from multiple channels, by linking data from those channels related to the same patient.

Traditional data management systems only collect summary information. However, CDPs have the ability to make completely linked customer information that is easily accessible to businesses. The correct use of CDP provides a foundation for marketing activities by connecting multiple information sources.

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Healthcare Customer Data Platform Market Report Highlights

• Based on components, the software segment held a majority of the market share in terms of revenue in 2020 and is also expected to witness the fastest CAGR over the forecast period from 2021 to 2028
• Based on the deployment mode, the cloud-based deployment mode dominated the market in terms of revenue share in 2020 and is likely to grow at the fastest CAGR over the forecast period due to the quick access, higher flexibility, easier data back up, and lower handling costs
• Based on organization size, the large enterprises segment held a majority of the market share in 2020 owing to the growing demand for data platforms by the larger organizations
• Based on application, the predictive analytics segment dominated the market in terms of revenue share in 2020 as CDPs can turn big volumes of information into usable insights to guide business marketing decisions with predictive analytics
• In 2020, North America held a majority of the market share in terms of revenue due to the higher adoption of technology and growing development of IT infrastructure. Asia Pacific is expected to witness the fastest CAGR over the forecast period pertaining to the rising adoption of advanced healthcare IT solutions
• Since the number of vendors in the market is high, the vendors are likely to undertake mergers and acquisitions as strategic initiatives to stay viable in the market

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Healthcare Customer Data Platform Market Segmentation

Grand View Research has segmented the global healthcare customer data platform market based on component, deployment mode, organization size, application, and region:

Healthcare Customer Data Platform Component Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services

Healthcare Customer Data Platform Deployment Mode Outlook (Revenue, USD Million, 2016 - 2028)

• On-premise
• Cloud-based

Healthcare Customer Data Platform Organization Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprises
• Small & Medium-sized Enterprises

Healthcare Customer Data Platform Application Outlook (Revenue, USD Million, 2016 - 2028)

• Personalized Recommendations
• Predictive Analytics
• Marketing Data Segmentation
• Customer Retention and Engagement
• Security Management
• Others

Healthcare Customer Data Platform Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Healthcare Customer Data Platform Market

• Microsoft
• Mercury Healthcare, Inc.
• Tealium, Inc.
• Innovaccer Inc.
• Adobe
• Treasure Data, Inc.
• Skypoint Cloud Inc.
• Solix Technologies, Inc.
• com, Inc.
• Reltio

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.

High Performance Message Infrastructure Market Revenue Sales to Reach USD 2.41 Billion by 2028: Grand View Research Inc.

 High Performance Message Infrastructure Market Growth & Trends

The global high performance message infrastructure market size is estimated to reach over USD 2.41 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.3% from 2021 to 2028. The increase in the adoption of IoT platforms is one of the key factors driving the market growth. Additionally, the development of enhanced IT infrastructure is driving the demand for high-performance message infrastructure platforms and services.

The outbreak of COVID-19 and its unsettling influence has significantly impacted a majority of industries. However, it has also provided new opportunities for cloud-based solutions and infrastructures. Many organizations have adopted the work-from-home approach during the pandemic, which has increased the demand for platform integration services. This, in turn, has accelerated the adoption of high-performance message infrastructure to ease communication between business logic codes.

High-performance message infrastructure is a technology that provides a single shared messaging provision for a safe, easy, enhanced, and efficient integration of applications and services on numerous platforms. Moreover, even in fluctuating connectivity circumstances, a high-performance message infrastructure allows users to ensure uninterrupted functioning of the systems and avoid information loss.

The market has also benefitted from the high adoption of hybrid solutions and integration platforms, which, in turn, is contributing to the increasing investments in online high-performance message infrastructure components. The adoption of cloud solutions and services has already become a norm for a majority of businesses, and the trend is expected to witness growth over the coming years. For instance, according to Cloud Computing Statistics by Cloudwards, approximately 48% of businesses store their essential enterprise data on the cloud and nearly 94% of enterprises leverage cloud services for their business. The study also projects that by 2025, more than 100 zettabytes of data would be kept on the cloud.

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High Performance Message Infrastructure Market Report Highlights

• In terms of components, the software segment accounted for the largest revenue share in 2020 and is expected to retain its dominance over the forecast period as well. This can be attributed to the increase in the adoption of message-oriented hardware and middleware infrastructures among enterprises. In addition, the services segment is anticipated to register the highest CAGR of around 16% over the forecast period
• In terms of industry vertical, the BFSI segment accounted for the largest revenue share in 2020 and is expected to dominate the market throughout the forecast period. As customers are going digital, banks and financial organizations are under constant pressure to offer better services and enhance their experience. This has increased the demand for advanced IT infrastructure and services to expedite the transformation process. Meanwhile, the transportation and logistics segment is anticipated to register the highest CAGR of nearly 21% over the forecast period
• North America dominated the market in 2020 and is expected to continue leading over the forecast period. This can be attributed to the presence of a large number of market players in the region. Moreover, the region is also the largest producer of automation equipment and home to technological adopters as well as innovators
• Meanwhile, Asia Pacific is anticipated to expand at the highest CAGR of around 16% over the forecast period. This growth is attributed to the growing cloud infrastructure spending by large as well as small & medium enterprises in the region. For instance, the cloud infrastructure spending of China grew by 66% from 2019 to 2020, recording USD 19 billion

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High Performance Message Infrastructure Market Segmentation

Grand View Research has segmented the global high-performance message infrastructure market based on component, industry vertical, and region:

High Performance Message Infrastructure Component Outlook (Revenue, USD Million, 2016 - 2028)

• Software
• Services

High Performance Message Infrastructure Industry Vertical Outlook (Revenue, USD Million, 2016 - 2028)

• BFSI
• IT & Telecom
• Government
• Retail
• Energy & Utilities
• Transportation & Logistics
• Others

High Performance Message Infrastructure Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of the High Performance Message Infrastructure Market

• Amazon Web Services, Inc.
• Confinity Solutions GmbH
• IBM Corporation
• MuleSoft LLC, a Salesforce company
• Oracle
• Red Hat, Inc.
• SAP SE
• Solace
• TIBCO Software Inc.
• TWILIO 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.

Sodium Nitrate Market Significant Profits Estimated to be Generated by 2028: Grand View Research Inc.

 Sodium Nitrate Market Growth & Trends

The global sodium nitrate market size is expected to reach USD 149.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 5.7% from 2021 to 2028 and is majorly driven by the rising product demand in fertilizer application because of its ability to increase the crop yield. Sodium nitrate is mainly manufactured using nitric acid with soda ash. Nitric acid is subject to intense price and supply volatility in the global market as it is manufactured from ammonia and nitrogen dioxide. Fluctuations in the price and demand/supply of the aforementioned raw materials are expected to hamper the prices of sodium nitrate over the forecast period.

Central and South America dominated the global market and accounted for the largest revenue share in 2020 It is expected to maintain its dominance throughout the forecast period due to the growing agriculture activities in countries like Brazil, Argentina, and Peru. Brazil is one of the largest producers of soybeans, wheat, rice, and coffee among other Central & South American countries. The agricultural sector in the country is expected to grow at a fast pace due to the presence of highly cultivable land and suitable climatic conditions.

The spread of the COVID-19 virus has crippled economies across the globe and severely impacted the supply chains across industries. The production and consumption of sodium nitrate are highly influenced by its demand from end-use industries. The market is characterized by the presence of a mix of small-&medium-scale producers with regional expansion aspirations. This scenario is expected to change over the forecast period owing to the rising demand for food. Most of the players in the market are focusing on differentiating themselves from other players as the market is highly competitive and concentrated. Manufacturers are also continuously engaged with third-party distributors.

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Sodium Nitrate Market Report Highlights

• In terms of volume, the industrial segment dominated the market in 2020. This high share was credited to the increased demand for fertilizers in the agriculture industry
• In terms of revenue, the fertilizer application segment dominated the industry and accounted for the largest share of more than 68% in 2020
• In terms of revenue, Asia Pacific is anticipated to be the fastest-growing regional market at a CAGR of 6.5% from 2021 to 2028 due to growing agriculture activities
• Manufacturers are involved in increasing their production capacities to meet the growing product demand from various end-use sectors

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Sodium Nitrate Market Segmentation

Grand View Research has segmented the global sodium nitrate market on the basis of grade, application, and region:

Sodium Nitrate Grade Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Industrial
• Pharmaceutical
• Food

Sodium Nitrate Application Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Chemicals
• Fertilizers
• Explosives
• Glass
• Pharmaceuticals
• Food & Beverages
• Others

Sodium Nitrate Region Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

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

List of Key Players of Sodium Nitrate Market

• Deepak Nitrite Ltd.
• BASF SE
• SQM
• Weifang Haiye Chemistry&Industry Co.
• ACF Nitratos S.A.
• Shijiazhuang Fengshan Chemical Co., Ltd.
• Quality Chemicals S.L.

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.

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

 

Livestock Monitoring Market Growth & Trends

The global livestock monitoring market size is expected to reach USD 19.37 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 17.63% from 2022 to 2030. The market growth can be attributed to the increased focus on livestock monitoring, along with disease detection. Furthermore, the prevalence of zoonotic diseases among livestock, rising adoption of IoT and AI by dairy farmers, increasing number of dairy farms, and significant cost-saving due to livestock monitoring management are some of the major drivers of the market.

Extensive animal-derived food production and an increase in the investments in R&D and animal health management in developed economies have led to higher productivity. Encouragement from government animal welfare organizations is also boosting the market growth. Further, government funding and reforms are expected to propel market growth shortly. In addition, increasing awareness regarding animal nutrition, genetic breeding, milk harvesting, and animal health is expected to promote the adoption of livestock monitoring systems.

There is an increased demand for animal products, and thus several countries are focusing on livestock rearing. This has led to an increase in the livestock population. In addition, the prevalence of zoonotic diseases is further fueling the growth of the market. This is because these disease outbreaks in the livestock can be major socioeconomic threats, resulting in production loss and disruption of local markets, rural economy, and international trade factors like these are expected to encourage the adoption of livestock monitoring systems among livestock owners.

The COVID-19 pandemic has triggered an unexpected crisis in the general agricultural processing industries and the processing of dairy products. The onset of the pandemic has caused tremendous economic losses to the beef, pork, poultry, and dairy industries worldwide. As the COVID-19 virus spread across the globe, several industries evaluated its impact on their businesses. Given the increased demand for goods as consumers stock up for possible quarantines or restrict their visits to the grocery store, companies faced challenges to cope with the increasing demand and protect the supply chain. However, with the improving situations, the market is expected to witness growth in the coming years.

Industry players are involved in strategies including mergers & acquisitions, collaborative agreements, and geographic expansion to gain an edge over the competition. For instance, in February 2021, Fancom announced an enhanced version of the light control for Lumina 38H and 36/38 poultry computers. In February 2021, MSD Animal Health announced the acquisition of PrognostiX Poultry Limited, a provider of health and environmental monitoring solutions for the poultry business, which expanded its product portfolio.

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Livestock Monitoring Market Report Highlights

• The cattle animal type segment held the largest revenue share in 2021 owing to the rising demand for beef and dairy products
• The software component segment is expected to register the fastest growth rate over the forecast period. This is because the software has promoted interoperability between different data management systems and ultimately added value for customers
• The feeding management application segment accounted for the largest revenue share of over 25.0% in 2021. This can be attributed to the high demand for feeding management to monitor the food intake of the animal
• Due to the presence of well-established companies and technologically advanced infrastructure, North America dominated the market in 2021 with a revenue share of over 30.0%
• Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to the high potential and rapidly growing markets of India, Japan, and China in this region

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Livestock Monitoring Market Segmentation

Grand View Research has segmented the global livestock monitoring market on the basis of animal type, component, application, and region:

Livestock Monitoring Animal Type Outlook (Revenue, USD Million, 2017 - 2030)

• Cattle
• Poultry
• Swine
• Equine
• Others

Livestock Monitoring Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
  • Sensors
  • GPS
  • Others
• Software
  • On Cloud
  • On Premise
• Services
  • Integration & Deployment
  • Maintenance & Support
  • Others

Livestock Monitoring Application Outlook (Revenue, USD Million, 2017 - 2030)

• Milk Harvesting
• Breeding Management
• Feeding Management
• Animal Health Monitoring & Comfort
• Heat Stress
• Behavior Monitoring
• Other

Livestock Monitoring Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Livestock Monitoring Market

• GEA Group Aktiengesellschaft
• Afimilk Ltd.
• DeLaval
• Sensaphone
• Intervet Inc., a subsidiary of Merck & Co. Inc.
• BouMatic
• Dairymaster
• Lely
• Fancom BV
• Fullwood Packo

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.

Vibration Sensor Market is Growing at Significant Rate, 2030: Grand View Research Inc.

 Vibration Sensor Market Growth & Trends

The global vibration sensor market size is expected to reach USD 8.24 billion by 2028, registering a CAGR of 6.5% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. The increased adoption of these devices in various industries and sectors such as oil and gas, manufacturing, and mining, among others for detection of rotating parts and damaged bearings in machines are major factors driving the growth of the market. The usage of industrial IoT and predictive maintenance with vibration sensors for the remote monitoring of machineries is expected to provide opportunities to the market players. Players operating in the market such as VocalZoom and Colibrys Ltd.; among others are developing vibration sensors for industrial internet of things (IoT) for exploiting these opportunities. For instance, in March 2019, VocalZoom launched their non-contact vibration sensors for industrial IoT applications such as machine monitoring.

The growing adoption of Unmanned Aerial Vehicles (UAVs) is expected to drive the market growth over the forecast period as vibration sensors are used in these applications such as flight stabilization. In recent years, there has been an increasing demand for accelerometers in Augmented Reality (AR) and Virtual Reality (VR) devices for tracking the rotational motion. In AR and VR, accelerometers and vibration sensors are used for motion detection.AR and VR are gaining popularity in consumer electronics such as smartphones and gaming consoles, among others. These factors are expected to provide lucrative opportunities to the market players over the forecast period. Moreover, in recent years, there has been a growing demand for these devices in Heating, Ventilation, and Air Conditioning (HVAC) equipment, which is expected to fuel the market growth further. Vibration sensors are extensively used for monitoring rotating elements in the Air Handling Units (AHUs) that are responsible air circulation in HVAC equipment.

In airbags, accelerometer vibration sensor monitors rapid deceleration of the vehicle in the event of an impact and convert it into a change in voltage. The electronic control unit subsequently responds by sending a signal to actuate and inflate the protective airbag. The governments in various countries have mandates the usage of airbags in passenger that is expected to impact the market growth positively. For instance, the U.S. National Highway Traffic Safety Administration has established the 49 CFR Part 595 standard that mandates the usage of airbags.

COVID-19 has positively impacted the market growth in current days. The demand for vibration sensors from various industries, such as chemicals, food and beverages, healthcare, and energy and power, is improving continuously despite the pandemic as the incumbents of these industries are trying to ensure efficient and safer operations of their machinery. The growing preference for online vibration monitoring is particularly anticipated to create growth opportunities for the market over the forecast period.

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Vibration Sensor Market Report Highlights

• Owing the rising demand for displacement sensors in applications such as precision positioning, thickness measurements, and assembly line inspection, among others, the demand for displacement sensor is anticipated to grow in current days
• The growing usage of tri-axial sensors in monitoring the vibrations in multi-axis machine tools, and detect anomalies in the machine tool and work piece are expected to drive their demand over the forecast period
• The demand for piezoelectric ceramics segment is expected to grow owing to the increase in demand for piezoelectric ceramics-based vibration sensors in relaxation chairs used in healthcare sector
• Various regulations such as the American Petroleum Institute (API) Standard 670: Machinery Protection Systems mandate the usage of machinery monitoring systems such as vibration sensors in the refineries. These regulations are expected to enhance the market growth in oil and gas end use segment
• The Asia Pacific region is expected to grow significantly over the forecast period owing to increasing adoption for detection and prediction of earthquakes and tsunamis in countries such as South Korea, Philippines, and Japan

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

Vibration Sensor Market Segmentation

Grand View Research has segmented the global vibration sensor market based on type, technology, material, end-use, and region:

Vibration Sensor Type Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Accelerometers
• Velocity Sensor
• Displacement Sensor

Vibration Sensor Technology Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Piezoresistive
• Strain Gauge
• Variable Capacitance
• Hand Probe
• Optical Sensor
• Tri-axial Sensors
• Others

Vibration Sensor Material Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Doped Silicon
• Piezoelectric Ceramics
• Quartz

Vibration Sensor End-use Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

• Automobile
• Consumer Electronics
• Healthcare
• Aerospace & Defense
• Oil & Gas
• Others

Vibration Sensor Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of the Vibration Sensor Market

• Advanced Sensors Calibration GmbH, Inc.
• Analog Devices, Inc.
• Dytran Instruments, Inc.
• Honeywell International, Inc.
• Robert Bosch GmbH
• Hansford Sensors Ltd.
• Colibrys Ltd.
• National Instruments Corporation
• TE Connectivity Ltd.
• FUTEK Advanced Sensor Technology Inc.

About Grand View Research

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