Third-party Logistics Market Plying for Significant Growth During 2022-2030: Grand View Research Inc.

 Third-party Logistics Market Growth & Trends

The global third-party logistics market size is expected to reach USD 1,998.73 billion by 2030, registering a CAGR of 8.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. The advent of new technologies is changing the 3PL industry dynamics. The advanced data collection capabilities, warehouse automation, and digitalization of the entire supply chain are enabling companies to adopt a consistent innovative, customer-centric, and agile approach. As a result, 3PL companies are providing technologically driven services by investing in blockchain solutions, mobile technologies, and 3PL software to gain a competitive advantage in a fiercely competitive marketplace.

The Internet of Things (IoT) and cloud-based logistics management solution turn the data into actionable value-added information, which can shape the strategic decision-making process and increase productivity. Some of the capital-intensive organizations are increasing their Information Technology (IT) spending and are using predictive analytics for supply chain enhancement. For instance, C.H. Robinson Worldwide, Inc. is using Artificial Intelligence (AI) technology to analyze customer data and get notified about extreme weather conditions or traffic disruption. Logistics automation is expected to play a vital role in the growth of the market. The use of robots in warehouses and unloading docks helps streamline order fulfillment services.

The use of Automated Guided Vehicle (AGV) can help lessen human errors, resolve material handling issues, ensure movement of high-volume goods, and increase accuracy & repeatability. To deliver immediate value and long-term returns, companies are widely accepting logistics automation. The value-added logistics services are expected to witness the highest CAGR over the forecast period. Key companies are offering comprehensive logistics services to ensure the competitiveness of their businesses. Shippers are reducing operational costs by shifting their focus from transportation and back-office functions, such as warehousing, order taking & picking process, kitting & final assembly, product localization, and labeling. Thus, the value-added logistics services are becoming a boon for shippers to mitigate inventory & transportation costs.

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Third-party Logistics Market Report Highlights

• The market is anticipated to witness substantial growth during the forecast period due to factors, such as the development in logistics infrastructure in the Asia and Middle East regions, the rapid growth of the e-commercesector, and the development of new technologies
• The value-added logistics services segment is expected to register the highest CAGR over the forecast period. The 3PL companies are emphasizing value-added logistics services to unveil their unique capabilities and provide enhanced customer experience, facilitating the strong growth of the segment
• The retail end-use sector segment is expected to register the fastest CAGR over the forecast period owing to the benefits, such as same-day delivery and fulfillment capabilities
• The roadways segment accounted for the largest share in 2021 owing to the growing public-private partnerships model and increased emphasis on logistics infrastructure
• Globalization, along with sustainable economic growth, is expected to drive the growth of airways logistics mode over the forecast period
• Asia Pacific is anticipated to register the fastest CAGR from 2022 to 2030 owing to the growing transport infrastructure and effective transit of freight and goods among regional emerging countries

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Third-party Logistics Market Segmentation

Grand View Research has segmented the global third-party logistics market on the basis of service, transport, end use, and region:

3PL Service Outlook (Revenue, USD Billion, 2017 - 2030)

• Dedicated Contract Carriage (DCC)/Freight forwarding
• Domestic Transportation Management (DTM)
• International Transportation Management (ITM)
• Warehousing & Distribution (W&D)
• Value-Added Logistics Services (VALs)

3PL Transport Outlook (Revenue, USD Billion, 2017 - 2030)

• Roadways
• Railways
• Waterways
• Airways

3PL End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• Manufacturing
• Retail
• Healthcare
• Automotive
• Others

3PL Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Poland
  • Hungary
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Thailand
  • Vietnam
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players in the Third-party Logistics Market

• BDP International
• Burris Logistics
• H. Robinson Worldwide, Inc.
• Deutsche Post AG (DHL Group)
• CEVA Logistics
• DSV
• DB Schenker Logistics
• FedEx
• B. Hunt Transport, Inc.
• Kuehne + Nagel
• Nippon Express
• United Parcel Service of America, Inc.
• XPO Logistics, Inc.
• Yusen Logistics 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.

Zeolite Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2030

 Zeolite Market Growth & Trends

The global zeolite market size is expected to reach USD 21.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2022 to 2030. The market is expected to be driven by rising capacity expansions in petrochemicals production coupled with investments in water treatment projects and detergent manufacturing. Zeolites are three-dimensional hydrated aluminosilicate minerals with a tetrahedra framework each consisting of four oxygen atoms surrounded by a silicon or aluminum cation.

Based on product, the market is segmented into natural and synthetic. The former is hydrothermal and mostly belongs to volcanic origin. The latter is synthesized in laboratories in different types such as Zeolite A, Type X, Type Y, and others. In terms of revenue, synthetic zeolite dominates the market owing to its increasing demand from chemicals and detergent applications coupled with its high price. In terms of volume, natural zeolite dominates the market. However, the segment growth is anticipated to be low owing to numerous substitutes in the market.

Synthetic zeolites are extensively used as detergent builders to extract water hardness ions and soften the water medium for cleaning and laundry purpose. Rising hygiene concerns, especially after the COVID-19 outbreak, have propelled the production of detergents, and thus, positively influenced the zeolite demand. For instance, the laundry and care business of Henkel observed a growth of over 5% in sales in 2020 owing to a rise in the demand for cleaning products globally.

Based on region, Asia Pacific held the largest revenue share of the global market in 2021. The presence of countries like China and India and rapid investments in manufacturing activities in these countries are propelling the market growth. The countries are facing high production of animal feed, chemicals, and detergents, which is benefitting zeolite demand in the region. For instance, the Zhejiang Petrochemical Daishan Xylene Plant 2 is an upcoming petrochemical project in China with a capacity of 4.8 million tons per annum. In addition, around 500 other projects are anticipated to become operational in the petrochemical industry in China between 2021 and 2025.

The zeolite market is highly competitive in nature. New mediums of low-cost production are projected to open new avenues for market development over the forecast period. For instance, in May 2020, the University of Queensland filed a patent for a newly developed mineral processing technology, which is likely to reduce the cost of zeolite production significantly.

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Zeolite Market Report Highlights

• Factors such as the emergence of coronavirus, currency fluctuations, and unavailability of the workforce have impacted the demand for zeolites. For instance, Albemarle Corporation faced USD 255.4 million lower sales volume in its Catalysts business segment in 2020 from 2019, owing to lower fuel demand due to stay at home orders and travel restrictions worldwide, because of the pandemic
• The threat of substitutes for synthetic zeolite is predicted to remain low since its usage as a catalystand adsorbent is likely to increase with expansion in the production volumes of chemicals, petrochemicals, and natural gas
• Natural zeolite is likely to face a high threat of substitution from other industrial minerals including diatomite, fuller’s earth, bentonite, gypsum, and silica sand in different applications
• In terms of revenue, the catalysts segment is expected to register a CAGR of 6.7% over the forecast period. Zeolites are widely used as catalysts in various industries including chemical, petrochemical, metal, and mining

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Zeolite Market Segmentation

Grand View Research has segmented the global zeolite market on the basis of product, application, and region:

Zeolite Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Natural
• Synthetic

Zeolite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Catalysts
• Adsorbents
• Detergent Builders
• Cement
• Animal Feed
• Others

Zeolite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Zeolite Market

• Albemarle Corporation
• BASF
• Clariant
• KMI Zeolite
• Zeolite
• Zeolyst International

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.

Flat Glass Market to Reap Excessive Revenues By 2030

 Flat Glass Market Growth & Trends

The global flat glass market size is expected to reach USD 400.38 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% during the forecast period. The market is projected to be driven by increasing construction spending and the need to improve energy efficiency in buildings. The rising preference for architecture, which increases natural daylight in the house is propelling the consumption of glass in roofs and facades, which is expected to play a key role in boosting the product demand over the coming years. Moreover, a growing emphasis on economic recovery by encouraging investments in infrastructural developments is anticipated to drive market growth over the forecast period.

For instance, to substantiate the economic importance of infrastructure, the Department of the Treasury in the U.S. carried out a study of 40 key proposed infrastructure projects. As per this study, the completion or availability of these 40 projects can provide economic benefits of up to USD 500 billion to 1 trillion to the country. Technological upgrades and product innovation in construction glass applications have positively benefited the market growth in the recent past. However, the market growth was obstructed in 2020 owing to the COVID-19 pandemic resulting in negative sales revenue of key companies.

For example, Saint-Gobain’s sales declined by around 6% from Q3 2019 to Q3 2020. The pandemic slowed down the customers’ investment cycles, which affected all the related activities. The market is anticipated to recover soon with investments across the solar, construction, and automotive industries. The growth in the end-use industries has compelled product manufacturers to expand their production capacities. For instance, in October 2020, ÅžiÅŸecam invested in its production business in Turkey for capacity expansion to cater to the growing demand from the domestic market.

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Flat Glass Market Report Highlights

• The growing emphasis on the adoption of Electric Vehicles(EVs) is compelling manufacturers to expand their production capacities, which is expected to benefit market growth
• The tempered product segment held the largest revenue share in 2021 on account of increased raw material prices along with high demand for these products in electronics and construction-related applications
• In terms of revenue, the laminated product segment is anticipated to register the fastest CAGR during the forecast period due to the rising usage of laminated glass in the construction and automotive industries
• Asia Pacific was the dominant regional market in 2021 and accounted for the maximum share of the global volume
• The APAC regional market is estimated to expand further at the fastest CAGR from 2022 to 2030 due to the rapid growth of the manufacturing sector in developing economies like China and India

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Flat Glass Market Segmentation

Grand View Research has segmented the global flat glass market on the basis of product, application, and region:

Flat Glass Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

• Basic
• Tempered
• Laminated
• Insulated
• Others

Flat Glass Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

• Architectural
• Automotive
• Others

Flat Glass Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
  • Belgium
  • Poland
  • Czech Republic
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Iran
  • South Africa

List of Key Players of Flat Glass Market

• AGC Inc.
• Euroglas
• Guardian Industries
• Nippon Sheet Glass Co., Ltd.
• Saint-Gobain
• ÅžiÅŸecam Group
• Vitro

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 Demand for Connected Health And Wellness Solutions Market Increasing in Most Part of World 2030

 Connected Health And Wellness Solutions Market Growth & Trends

The global connected health and wellness solutions market size is expected to reach USD 187.10 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 20.6% from 2022 to 2030. The demand for wearable medical devices and remote patient monitoring systems is anticipated to increase over the forecast period due to the shifting consumer preferences towards a healthier lifestyle thus driving the market growth. In addition, the increasing incidences of lifestyle-associated diseases requiring continuous health monitoring are expected to lead to an upsurge in the demand for connected health devices over the forecast period.

Moreover, the advantages associated with its usage and the availability of advanced products, such as remote sensors, adapters, and connected mobile communication devices are the factors further augmenting the market growth. The implementation of connected health technology is growing at an astonishing rate, propelled in part by consumer demand, innovations in wearables and medical devices, and the current healthcare climate in the post-COVID-19 era. In August 2020, Validic, a provider of health data platforms and solutions for scaling remote patient monitoring, released the main update to ‘Validic impact’, its remote patient monitoring solution. This innovative standalone form of Validic Impact needs no EHR integration and can be used as an entirely standalone solution.

In addition, the corporation introduced a COVID-19 rapid response solution that allowed clinicians and HR administrators to register thousands of individuals using self-reported data and alerts to monitor COVID-19 symptoms. Consequently, the COVID-19 has given a push for businesses to quicken the adoption of these services. Moreover, the rising demand for greater access to patient health information is the key factor contributing to the market growth. Furthermore, the increased awareness levels as a result of the supportive initiatives undertaken by government and non-profit organizations, such as the Healthcare Information and Management Systems Society (HIMSS), are anticipated to serve this industry with future growth opportunities.

The rising emphasis on the development of advanced healthcare solutions coupled with the sufficient availability of funds is expected to boost the R&D investments in the connected health & wellness devices market. For instance, the government organizations, such as Healthcare Research and Quality (AHRQ), offer funds to expand the health information systems in the U.S., which is expected to further fuel the industry growth in this region.

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Connected Health And Wellness Solutions Market Report Highlights

• The software & services dominated the market in 2021 owing to associated benefits, such as rising online subscriptions and downloading of health information because of the increased health consciousness
• The wellness products segment is expected to grow at the fastest CAGR from 2022 to 2030 due to technological advancement in products, various awareness campaigns regarding physical wellbeing, and increased awareness about the benefits of following a healthy lifestyle
• Telehealthdominated the function segment in 2021 owing to its growing usage and adoption. In addition, the COVID-19 pandemic allowed the adoption of this technology at a larger scale among providers
• Hospitals & clinics dominated the end-user segment in 2021 owing to the increased implementation of digital health technologies by these settings. Moreover, hospitals & clinics are investing in remote patient monitoring technologies as part of a value-based care model, which further boosts segment growth
• Asia Pacific is anticipated to register the fastest CAGR over the forecast years owing to the government assistance coupled with increasing patient awareness levels and improving healthcare infrastructure
• Key players operating in this market are focusing on the development of cost-efficient & technologically advanced devices, which offer comfort to the users. New product development and strategic alliances including partnership agreements, promotional activities, and acquisitions are instrumental in keeping market rivalry high
• For instance, in April 2021, Medtronic proclaimed the inauguration of its state-of-the-art Medtronic Engineering and Innovation Center in India. This is going to be the largest R&D center outside the U.S.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-connected-health-wellness-devices-market

Connected Health And Wellness Solutions Market Segmentation

Grand View Research has segmented the global connected health and wellness solutions market by product, application, function, end user, and region:

Connected Health & Wellness Solutions Product Outlook (Revenue, USD Million, 2017 - 2030)

• Personal Medical Devices
  • Insulin Pump
  • BP Monitor
  • Glucose Monitor
  • Personal Pulse Oximeter
  • Others
• Wellness Products
  • Digital Pedometer
  • Body Analyzer
  • Heart Rate Monitor
  • Sleep Quality Monitor
  • Others
• Software & Services
  • Online Subscription
  • Fitness & Wellness App
  • Others

Connected Health & Wellness Solutions Function Outlook (Revenue, USD Million, 2017 - 2030)

• Clinical Monitoring
• Telehealth

Connected Health & Wellness Solutions Application Outlook (Revenue, USD Million, 2017 - 2030)

• Diagnosis & Treatment
• Wellness & Prevention
• Monitoring
• Others

Connected Health &Wellness Solutions End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Hospitals & Clinics
• Home Monitoring

Connected Health & Wellness Solutions Regional Outlook (Revenue, USD Million, 2017 - 2030)

• 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
  • UAE
  • Qatar

List of Key Players of Connected Health And Wellness Solutions Market

• Omron Healthcare, Inc.
• Koninklijke Philips N.V.
• GE Healthcare
• Drägerwerk AG & Co. KGaA
• Fitbit LLC
• Medtronic
• Abbott
• Boston Scientific Corp.
• Garmin International, Inc.
• Apple, Inc.
• Masimo Corp.
• ResMed
• NXGN Management, LLC
• Letscom
• Senseonics, Inc.

About Grand View Research

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

Mobile Payment Market Latest Innovations, Drivers and Industry Key Events 2022– 2030: Grand View Research Inc.

 Mobile Payment Market Growth & Trends

The global mobile payment market size is expected to reach USD 587.52 billion by 2030, expanding at a CAGR of 35.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing shift toward contactless payment amid the COVID-19 pandemic. Moreover, the increasing popularity of the e-commerce industry across the globe is expected to accelerate the adoption of mobile payment over the forecast period.

The traditional payment market is witnessing a technological transformation, which is primarily disrupting legacy business models. The market for mobile payment is expected to revolutionize how customers make payments as it merges technological innovations such as biometrics, wearables, and blockchain technology. The market is expected to witness momentous shifts and provide unprecedented opportunities to the new and existing players.

The increasing popularity of smartphones and the developments in the security and technology spaces, coupled with the constantly changing preferences of the younger generation, have made mobile payments one of the most preferred payment options. Customers are increasingly using mobile wallets to make in-store payments and online purchases. Mobile wallets facilitate speedy, hassle-free, and secure payments for the purchase of goods and services. Moreover, these wallets are economical, reduce fraud, and help lower payment processing time.

The outbreak of the COVID-19 pandemic is expected to positively impact the growth of the market over the forecast period. The COVID-19 pandemic has significantly influenced people’s daily lives and their buying behavior. The increasing demand for contactless mobile payments in retail shops such as drug and grocery stores to help reduce the chances of virus transmission is expected to drive the market growth over the forecast period.

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Mobile Payment Market Report Highlights

• The near field communicationsegment is anticipated to expand at the highest CAGR over the forecast period owing to the growing preference for NFC-based payment solutions among merchants and customers. Moreover, NFC-based mobile payments are easy and convenient to use
• The B2C segment is anticipated to register the highest CAGR from 2022 to 2030 owing to the growing use of mobile payments for making personal payments. B2C mobile payment applications offer seamless online payment experiences to customers
• The proximity payment segment is expected to witness the fastest CAGR over the forecast period owing to the rising adoption of payment solutions based on NFC, Wi-Fi, and Bluetooth connectivity. Furthermore, proximity payment offers benefits such as increased security and speed
• The retail & e-commerce segment is expected to emerge as the fastest-growing segment over the forecast period owing to the increasing partnerships between mobile payment providers and retailers. According to the Worldpay Report 2021, 44.5% of e-commerce transactions were made using digital wallets in 2020.
• North America accounted for the largest market share in 2021. The region is characterized by the presence of several technology providers and hence, provides immense opportunities for the adoption of mobile payments. The increasing number of mobile proximity payment users in the U.S. is expected to propel regional market growth over the forecast period

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Mobile Payment Market Segmentation

Grand View Research has segmented the global mobile payment market based on technology, payment type, location, end use, and region:

Mobile Payment Technology Outlook (Revenue, USD Billion, 2017 - 2030)

• Near Field Communication
• Direct Mobile Billing
• Mobile Web Payment
• SMS
• Interactive Voice Response System
• Mobile App
• Others

Mobile Payment Type Outlook (Revenue, USD Billion, 2017 - 2030)

• B2B
• B2C
• B2G
• Others

Mobile Payment Location Outlook (Revenue, USD Billion, 2017 - 2030)

• Remote Payment
• Proximity Payment

Mobile Payment End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI
• Healthcare
• IT & Telecom
• Media & Entertainment
• Retail & E-commerce
• Transportation
• Others

Mobile Payment Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Mobile Payment Market

• Google (Alphabet Inc.)
• Alibaba Group Holdings Limited
• com Inc.
• Apple Inc.
• American Express Company
• M Pesa
• Money Gram International
• PayPal Holdings Inc.
• Samsung Electronics Co. Ltd.
• Visa Inc.
• WeChat (Tencent Holdings Limited)

About Grand View Research

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

Smart Pole Market Key Players ,Industry Share ,Growth, And Forecast To 2030: Grand View Research Inc.

 Smart Pole Market Growth & Trends

The global smart pole market size is expected to reach USD 39.72 billion by 2030, registering a CAGR of 20.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. The major factor contributing to the growth is the increasing demand for upgrading existing lighting infrastructure with energy-efficient lights across cities under smart city projects. Moreover, the rising pollution levels have created a need for smart poles equipped with air quality sensors and cameras to monitor the air quality and traffic. Such factors bode well for the growth of the market.

The rapid adoption of electric vehicles across the globe is expected to lead to the growing trend of integrating electric vehicle charging stations with smart poles in the forthcoming years. Numerous countries are focusing on developing their EV ecosystem and electric mobility. European countries are among the frontrunners when it comes to building EV ecosystems and adopting electric mobility. As per the European Automobile Manufacturers Association (ACEA) study, the Netherlands, Germany, and France collectively account for nearly 70% of the region’s EV charging stations. In 2020, electric vehicle sales in Europe grew by 89%, which is expected to accelerate the adoption of smart poles equipped with electric vehicle charging stations.

The growing adoption of IoT and cloud computing has enabled the addition of features such as secure communication, remote monitoring, and easy programmability. The extensive use of IoT technology in smart poles is anticipated to create new growth avenues for market players. Additionally, governments across the globe are entering into partnerships with private companies to upgrade their existing lighting networks with LED lights. Such factors are expected to contribute to the growth of the market for smart poles over the forecast period.

The outbreak of the COVID-19 pandemic has adversely affected the growth of the market due to supply chain disruptions. Several infrastructure projects have faced slowdown due to restrictions imposed to prevent the spread of the virus. However, companies are taking several initiatives to maintain the safety of citizens. For instance, ALUMAST S.A., a Polish manufacturer, developed an Anti-Covid Smart Pole that offers two functions-street lighting and touchless disinfection of hands through the built-in hand sanitizer and dispenser.

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Smart Pole Market Report Highlights

• The hardware segment dominated the market in 2021. The rising demand for security cameras and air-quality sensors for traffic management and air-quality monitoring is expected to drive the growth of the segment over the forecast period
• The controller segment dominated the market in 2021 and is expected to witness promising growth over the forecast period, attributed to the growing need for upgrading existing lighting infrastructures. Various government initiatives for replacing conventional lights with LED lights under the smart development projects are expected to drive the growth of the segment
• The retrofit installation segment dominated the market in 2021. The provision of Wi-Fi connectivity and installation of digital signage on existing poles as part of smart citydevelopment is expected to drive the growth of the segment over the forecast period
• The public places segment dominated the market in 2021. The growing preference for smart poles with cameras in public parks and beaches to determine and prevent overcrowding of people is expected to drive the growth of the segment over the forecast period
• The increasing adoption of smart poles in emerging economies such as China and India is expected to create growth opportunities for the smart pole market in the Asia Pacific region over the forecast period

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Smart Pole Market Segmentation

Grand View Research has segmented the global smart pole market based on component, hardware, installation type, application, and region:

Smart Pole Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Service

Smart Pole Hardware Outlook (Revenue, USD Million, 2017 - 2030)

• Lighting Lamp
• Pole Bracket & Pole Body
• Communication Device
• Controller
• Others

Smart Pole Installation Type Outlook (Revenue, USD Million, 2017 - 2030)

• New Installation
• Retrofit Installation

Smart Pole Application Outlook (Revenue, USD Million, 2017 - 2030)

• Highways & Roadways
• Public Places
• Railways & Harbors

Smart Pole Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Smart Pole Market

• Cree, Inc.
• Eaton
• Echelon
• General Electric
• Siemens
• Signify Holding
• Silver Spring Networks, Inc.
• Telensa
• Wipro Limited
• Zumtobel 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.

Biotechnology & Pharmaceutical Services Outsourcing Market Expected To Trigger A Revenue To USD 108.0 Billion By 2030: Grand View Research, Inc.

 Biotechnology & Pharmaceutical Services Outsourcing Market Growth & Trends

The global biotechnology and pharmaceutical services outsourcing market size is expected to reach USD 108.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.5% from 2022 to 2030. The COVID-19 pandemic has significantly impacted Biotechnology and Pharmaceutical third-party service providers as well as clinical trials, resulting in trial delay, suspensions, and terminations. The global crisis has stressed the need for virtual trials and leveraging technology and software solutions. The recovery from the pandemic has led to increasing adoption of machine learning-based platforms, artificial intelligence, automation in drug manufacturing, and innovative trial designs are projected to transform the CRO and CMO landscape in the coming years.

Biopharmaceutical and pharmaceutical investments in novel and innovative therapies, for instance, regenerative medicine, are driving the R&D activity together with drug development services. The high demand for biologics along with small molecules has led to the expansion of service portfolios of Contract Manufacturing Organizations (CMOs)/Contract Research Organizations (CROs) for biotechnology and pharmaceutical production. Small pharma/ biotech companies are facing challenges while performing in-house development, manufacturing, regulatory affairs, product maintenance, product design and development, product testing and validation, and training and education such as lack of substantial expertise and expensive capability. This in turn has created lucrative opportunities for the growth of CMOs and CROs. Contract services are growing and becoming strategic, targeted, and planned. These factors are expected to play a pivotal role in enhancing the share of CMOs/CROs in the overall market.

Growing pricing pressure, regulatory challenges, and patent expiration have led to shrinking margins in the biotech and pharmaceutical industry. Contract services are considered a “strategic competitive weapon” among the companies, as these services help overcome these issues. These services offer cost saving to their clients as choosing sustainable suppliers could lead to reduced costs in the long run. They also help save time utilized in the operations and management of a production and research facility. Contract research and manufacturing allows low-cost product development and manufacturing cost of a product. Furthermore, outsourcing services assist in overcoming trade barriers and facilitate the entry of firms into the foreign market. Owing to these advantages, several firms choose to outsource services rather than investing capital in production equipment and hiring skilled labor.

The biologics industry has grown substantially in recent years to include novel product types including nanobodies, rDNA, synthetic vaccines, fusion proteins, soluble receptors, immunoconjugates, and immunotherapeutics. Owing to the revolutionization of disease therapy through biologics, this sector has also provided many opportunities to explore hybrid structures that combine biologics with well-defined chemical entities. The significant growth of biologics is expected to drive the demand for outsourcing of biologics development and manufacturing.

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Biotechnology & Pharmaceutical Services Outsourcing Market Report Highlights

• The consulting segment is expected to dominate the market with a share of 19.5% in 2021. Owing to the increase in the number of fraudulent cases, discrepancies in intellectual property rights, and rise in technological innovations
• Based on service, the others segment is expected to witness the highest CAGR of 6.4% over the forecast period owing to increasing focus on generic and biosimilarin developing regions
• The pharma segment is expected to witness a CAGR of 5.7% over the forecast period as the pharmaceutical companies outsource internal activities at a larger scale due to rising pricing pressure, and growth of generics in the industry
• North America dominated the market and accounted for the largest revenue share of 53.8% in 2021 due to the presence of a large number of biotechnology and pharmaceutical companies and the quality of services offered by the CROs and CMOs in the region
• In Asia Pacific, the market is anticipated to register the highest CAGR of 6.1% over the forecast period owing to improved regulatory frameworks, the high scope for cost savings, and the presence of cheap skilled personnel

Access Press Release@ https://www.grandviewresearch.com/press-release/global-biotechnology-pharmaceutical-services-outsourcing-market

Biotechnology & Pharmaceutical Services Outsourcing Market Segmentation

Grand View Research has segmented the global biotechnology and pharmaceutical services outsourcing market based on service, end-use, and region:

Biotechnology & Pharmaceutical Services Outsourcing Service Outlook (Revenue, USD Million, 2018 - 2030)

• Consulting
  • Regulatory compliance
  • Remediation
  • Quality management systems consulting
  • Others
• Auditing and assessment
• Regulatory affairs
  • Clinical trial applications & product registration
  • Regulatory writing & publishing
  • Legal representation
  • Others
• Product maintenance
• Product design & development
• Product testing & validation
• Training & education
• Others

Biotechnology & Pharmaceutical Services Outsourcing End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Pharma
• Biotech

Biotechnology & Pharmaceutical Services Outsourcing Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Biotechnology & Pharmaceutical Services Outsourcing Market

• Parexel International Corporation
• The Quantic Group
• IQVIA
• Lachman Consultant Services, Inc.
• GMP Pharmaceuticals Pty Ltd.
• Concept Heidelberg GmbH
• Covance Inc.
• Charles River Laboratories
• PRA Health Sciences
• ICON 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.

In Silico Clinical Trials Market to Reach USD 5.1 Billion by 2030: Grand View Research Inc.

 In Silico Clinical Trials Market Growth & Trends

The global in silico clinical trials market size is expected to reach USD 5.1 billion by 2030 and is projected to expand at a CAGR of 7.4% over the forecast period, according to a new report by Grand View Research, Inc. Traditional clinical trials require huge expenditure to conduct research. Moreover, a high number of drugs and medical devices fail in the clinical trial owing to the lack of safety and efficacy, which creates huge losses for the clinical trial sponsors. These factors promote the demand for in silico clinical trials, to understand the behavior of drugs or medical devices in humans. In silico clinical trials use simulation techniques to understand the efficacy and safety of a drug or medical device.

This reduces the chances of adverse reactions, thus, improving the safety and efficacy of research studies. The market players are making significant investments to provide new treatments to the people. For instance, in June 2021, In silico Medicine raised USD 255 million in funding to boost its R&D for drug discovery, through in silico studies. The demand for in silico clinical trials was also improved during the pandemic as there was a temporary shutdown of clinical research sites and several studies for vaccines and therapeutic agents for COVID-19 were performed through in silico research models. Such actions are likely to have a positive impact on market growth.

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In Silico Clinical Trials Market Report Highlights

• The medical device segment dominated the market in 2021 owing to the fact that the majority of in silico trials are performed for medical devices globally
• The phase II segment accounted for the largest market revenue share in 2021
• The oncology therapeutic area segment accounted for the largest market revenue share in 2021
• The cancer clinical trials have high chances of incurring adverse effects on patients, which promotes the demand for in silico trials for cancer
• North America held the largest revenue share in 2021 due to the presence of several global players operating in the market
• In addition, a significant number of in silico trials are performed in the U.S., which further contributes to the growth of the regional market

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

In Silico Clinical Trials Market Segmentation

Grand View Research has segmented the global in silico clinical trials market on the basis of industry, therapeutic area, phase, and region:

In Silico Clinical Trials Industry Outlook (Revenue, USD Million, 2018 - 2030)

• Medical Devices
• Pharmaceutical

In Silico Clinical Trials Therapeutic Area Outlook (Revenue, USD Million, 2018 - 2030)

• Oncology
• Infectious Disease
• Hematology
• Cardiology
• Dermatology
• Neurology
• Diabetes
• Others

In Silico Clinical Trials Phase Outlook (Revenue, USD Million, 2018 - 2030)

• Phase I
• Phase II
• Phase III
• Phase IV

In Silico Clinical Trials Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of In Silico Clinical Trials Market

• Certara, Inc.
• Novadiscovery Sas
• Insilico Medicine, Inc.
• Dassault Systemes SE
• GNS Healthcare Inc.
• The AnyLogic Company
• InSilicoTrials
• Immunetrics Inc.
• Nuventra Pharma Sciences
• Abzena 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.

Valuable Foresights on How Pet Insurance Market will Grow During 2022 – 2030: Grand View Research Inc.

 Pet Insurance Market Growth & Trends

The global pet insurance market size is anticipated to reach USD 32.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 16.7% from 2022 to 2030. The key factors driving the market growth include the rising number of pets across the globe, high veterinary care costs, and the need to reduce financial risk. As per the Pet Food Manufacturers Association, about 59% of households had pets in the U.K. in 2021. Dogs were the most popular at about 33%, followed by cats at 27%. Other pets include rabbits, indoor birds, guinea pigs, tortoises and turtles, horses, and others.

The COVID-19 pandemic has impacted all industries, including the market. The surge in pet ownership during the pandemic, expenditure on pets, and increasing pet humanization further supported the adoption of pet insurance policies during 2020 and 2021. Concerns over rising veterinary care costs and fear of transmission of COVID-19 from pets to pet owners also increased the demand for reducing financial risks with a suitable pet insurance policy. Although OIE has confirmed that no animals can spread this virus. However, in the initial months of the pandemic, there was speculation that it may spread through birds. Overall, the pandemic positively impacted the market with increased awareness and adoption of insurance policies by pet parents.

Rapidly growing consumer awareness, underpenetrated market, and product acceptance have benefited the market. According to Petplan, in the U.S., the average cost of an unexpected visit to the veterinarian was around USD 800-1,500 in 2018. This burden could be eased with an insurance plan in place. Moreover, untapped opportunities in developed and developing economies are anticipated to provide lucrative growth to this market in the coming years. Furthermore, advancements in pet insurance, such as vet direct pay by Trupanion, are revolutionizing medical insurance for cats and dogs by eliminating the reimbursement model. Similarly, pet insurance in Europe is growing rapidly due to strict pet insurance regulations in countries such as Sweden.

In addition, strategic initiatives by market players are further expected to boost the market growth. For instance, in April 2020, Zoetis entered the pet insurance space by launching Pumpkin Insurance Services Inc.- a pet insurance agency across the U.S. The company offers competitive pet health insurance plans and preventive care plans to pet parents. In December 2019, MetLife, Inc. on the other hand, acquired PetFirst Healthcare, LLC - a companion animal health insurance administrator. This acquisition leveraged the company’s position as a leader in group benefits distribution channels in the U.S. by enabling MetLife to expand its offerings. Such initiatives are estimated to boost the market growth in the coming years. Insurance providers are also focused on increasing penetration by targeting the customer base of the sales channels. For instance, in February 2018, Healthy Paws collaborated with Roover.com to increase its market penetration.

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Pet Insurance Market Report Highlights

• The market was valued at USD 8.3 billion in 2021 and is expected to witness a CAGR of 16.7% during the forecast period
• The dogs insurance segment held the highest share of the market in 2021. The high popularity of dogs as pets and increase in the number of dog pet owners across the globe are the key drivers for this segment
• The direct sales segment dominated the market in 2021 while the others segment is estimated to grow the fastest over the forecast period
• Market players are utilizing various sales channels to distribute their insurance products and increase their market share. Bancassurance, for instance, held a notable share of the market in 2021. This is due to growing collaborations between pet insurance companies and banks. For instance, in April 2018, CIMB Bank in Singapore was the first to launch pet insurance for a wide variety of pets
• Based on coverage type, the accident and illness coverage segment accounted for the largest revenue share in 2021. The key drivers of the segment include high veterinary treatment and diagnostic cost, the rise of the companion animal population, and an increase in the awareness of pet insurance
• The accident only segment held a substantial share of the market in 2021. The key drivers of the segment include increasing health issues in animals and high treatment cost
• In 2021, Europe held the dominant share of the market. European countries were found to have a higher rate of pet insurance penetration along with the presence of key market players
• North America held the second-largest revenue share as of 2021. The key drivers of the market are a rise in the companion animal population and an increase in awareness related to pet insurance

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

Pet Insurance Market Segmentation

Grand View Research has segmented the global pet insurance market on the basis of coverage type, animal type, sales channel, and region:

Pet Insurance Coverage Type Outlook (Revenue, USD Million, 2017 - 2030)

• Accident & Illness
• Accident only
• Others

Pet Insurance Animal Type Outlook (Revenue, USD Million, 2017 - 2030)

• Dogs
• Cats
• Others

Pet Insurance Sales Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Agency
• Broker
• Direct
• Bancassurance
• Others

Pet Insurance Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Pet Insurance Market

• Trupanion, Inc.
• Deutsche Familienversicherung AG (DFV)
• Petplan (Allianz)
• Animal Friends Insurance Services Limited
• Figo Pet Insurance, LLC
• Direct Line
• Nationwide Mutual Insurance Company
• Embrace Pet Insurance Agency, LLC
• Anicom Insurance
• ipet Insurance Co., Ltd.
• MetLife Services and Solutions, LLC
• Pumpkin Insurance Services 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.