Plant-based Protein Processing Equipment: Food Manufacturing, and Food Processing Equipment

 

According to a new market research report titled, ‘Plant-based Protein Processing Equipment Market by Type (Dryers, Centrifuges, Filtration Systems, Mixers, Evaporators), Mode of Operation (Automatic), Production Capacity (SMEs, Large Scale), Application (Soy Protein, Pea Protein) - Forecast to 2029,’ the global plant-based protein processing equipment market is projected to reach $1.68 billion by 2029, at a CAGR of 4.2% from 2022 to 2029.

 

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5341?utm_source=PR&utm_medium=Social&utm_campaign=Product&utm_content=22-12-2022

 

The demand for protein is expected to grow substantially by 2050. A major factor contributing to this increase is the growing world population. According to the Department of Economic and Social Affairs of the United Nations, the world population reached 7.3 billion in 2015 and is projected to increase to 9.7 billion in 2050. Furthermore, according to the FAO/UN forecast, by 2050, protein consumption is projected to increase by almost 50% (FAO, 2015), for which protein supplies would be needed to increase to meet the food demand in 2050.

 

In addition to the growing population, food needs will rise due to urbanization and economic development. According to the World Health Organization (WHO), the urban population in 2020 accounted for around 56.2% of the total global population, an increase of 54% in 2014, and continues to grow further. Moreover, the changes in agricultural practice over the past 50 years have increased productivity, greater diversity of foods, and less seasonal dependence. These trends mean that market demand for alternative protein sources will continue to grow. Therefore, the significant demand for processing equipment to ensure food security contributes to the growth of the global plant-based protein processing equipment market.

 

Impact of COVID-19 on the Plant-based Protein Processing Equipment Market

 

The outbreak of COVID-19 has brought serious medical, social, and economic challenges. Consumers are opting for convenient, healthy, and hygienic food products. This has increased the preference for plant-based food products. During the pandemic, the focus of the plant-based protein processing equipment manufacturers was to offer a wide range of products to ensure hygienic and shelf-stable ingredients for the plant-based food & beverages.

 

Like other markets, the global plant-based protein processing market has also been impacted due to uncertain circumstances worldwide. In contrast to 2019, a clear upswing in the plant-based protein processing equipment market was observed during the COVID-19 pandemic that originated in China. The country is the hub for the supply of raw materials to companies in the global market. The pandemic impacted the whole supply chain for manufacturing companies. Moreover, according to the United Nations Conference on Trade and Development (UNCTAD), the global FDI is expected to decline by 5–15% due to a fall in manufacturing companies' operations caused by factory shutdowns. Thus, the outbreak of COVID-19 slowed down investments in the industries that manufacture protein processing equipment. This scenario lowered the demand for food processing equipment, especially in 2020.

 

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5341?utm_source=PR&utm_medium=Social&utm_campaign=Product&utm_content=22-12-2022

 

Key Findings in the Plant-based Protein Processing Equipment Market Study:

 

The global plant-based protein processing equipment market is segmented by type, mode of operation, production capacity, application, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.

 

Based on type, the global plant-based protein processing equipment market is segmented into dryers, centrifuges, filtration systems, mixing systems, evaporators, boilers, and other equipment. In 2022, the dryers segment is expected to account for the largest share of the plant-based protein processing equipment market. The dominant position of this segment is attributed to higher production throughput, improved process hygiene, increased customization, and replacement of traditional dryers. However, the filtration systems segment is projected to register the highest CAGR during the forecast period due to its benefits over conventional separation methods, the rising awareness about filtration processes, and the increasing demand for better quality products.

 

Based on mode of operation, the global plant-based protein processing equipment market is segmented into semi-automatic and automatic. In 2022, the semi-automatic segment is expected to account for the largest share of the global plant-based protein processing equipment market. The large market share of this segment is attributed to its benefits, such as greatly improved labor productivity, flexibility in production processes, and technical & economic feasibility. However, the automatic segment is projected to register the highest CAGR during the forecast period due to the increasing demand to meet the needs of the plant-based protein industry, such as carefully monitored production, reduced labor costs, automatic tracking of individual loads, no human errors, effective cleaning, and no cross-contamination.

 

Based on the production capacity, the global plant-based protein processing equipment market is mainly segmented into small & medium scale and large scale. In 2022, the small & medium scale segment is expected to account for the largest share of the global plant-based protein processing equipment market. The large market share of this market is attributed to increased government support for developing small-scale processing enterprises, low financing needs, and increased productivity. This segment is also projected to register the highest CAGR during the forecast period due to the increasing need for flexibility and innovation in the plant-based protein processing sector.

 

Quick Buy – Plant-based Protein Processing Equipment Market Research Report: https://www.meticulousresearch.com/Checkout/12237460?utm_source=PR&utm_medium=Social&utm_campaign=Product&utm_content=22-12-2022

 

Based on application, the global plant-based protein processing equipment market is segmented into soy protein, wheat protein, pea protein, and other plant-based protein. In 2022, the soy protein segment is expected to account for the largest share of the plant-based protein processing equipment market. The leading position of this segment is attributed to the huge availability of raw materials, increased demand for soy protein from plant-based food manufacturers, and higher consumer acceptance level. However, the pea protein segment is projected to register the highest CAGR during the forecast period due to the increasing soy-free and gluten-free trend and the growing investment in pea protein manufacturing.

 

Based on geography, the plant-based protein processing equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, the North America market is expected to account for the major share of the global plant-based protein processing equipment market. The leading position of this regional market is primarily attributed to the high presence of key plant-protein manufacturers, the growing awareness level regarding vegan products, a well-established economy, and increased investment in R&D for food processing equipment.

 

However, Asia-Pacific plant-based protein processing equipment market is developing and expanding significantly. Among other regional markets, this region is demonstrating signs of strong growth in the near future. The rapid growth of this regional market is attributed to the increasing government support for small and medium-scale enterprises, the growing technological advancements in the food industry, the increasing raw material availability, and the growing investment in the plant-protein sector.

 

Some of the key players operating in the global plant-based protein processing equipment market are Alfa Laval AB (Sweden), Bühler AG (Switzerland), GEA Group Aktiengesellschaft (Germany), Flottweg SE (Germany), SPX Flow Inc. (U.S.), Coperion GmbH (Germany), Hosokawa Micron B.V. (Netherlands), Netzsch-Feinmahltechnik GmbH (Germany), SiccaDania (Denmark), Koch Separation Solutions (U.S.), Bepex International LLC (U.S.), and Clextral (France).

 

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/plant-based-protein-processing-equipment-market-5341?utm_source=PR&utm_medium=Social&utm_campaign=Product&utm_content=22-12-2022

Geospatial Solutions Market: Applications and new Technology

 

According to a new market research report titled, ‘Geospatial Solutions Market by Offering, Application, Organization Size, Deployment Mode, End-use Industries (Natural Resources; Security & Défense; BFSI; Media & Entertainment; Healthcare; Architecture, Engineering) - Global Forecast to 2029,’ the global geospatial solutions market is projected to reach $845.7 billion by 2029, at a CAGR of 16.9% from 2022 to 2029.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5329?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=22-12-2022

 

Geospatial solutions collect, manage, organize, and store data pertaining to geographic information. These enable consumers to acquire data referenced to the earth and use it for analysis, modeling, simulations, and visualization.

 

Geospatial solutions are increasingly gaining traction due to their utilization across various end-use industries such as BFSI, healthcare, natural resources, manufacturing, transportation & logistics, and security & defense. The growth of the global geospatial solutions market is driven by the surge in demand for GIS & asset mapping solutions, the growing proliferation of IoT and connected devices, and the high adoption of cloud computing. However, the data privacy concerns and high set-up and operating costs are notable restraints for market growth. The growing demand for mobile mapping systems and government initiatives to promote smart infrastructure are expected to offer significant growth opportunities for the players in this market. However, geospatial data integration challenges and the lack of a CORS network pose serious challenges to the growth of the geospatial solutions market.

 

Impact of COVID-19 on the Geospatial Solutions Market

 

The spread of COVID-19 severely impacted the performance of several industries and economies globally, including the geospatial solutions market. The pandemic created several challenges for this market due to the lockdowns imposed during the second and third quarters of 2020. The pandemic lowered consumers' financial potential, which decreased the sales of geospatial solutions.

 

However, in 2021, major industries, including healthcare, retail, manufacturing, and natural resources, started recovering from the economic setbacks. The delayed and postponed orders for geospatial solutions negatively impacted this market during the pandemic. However, the market started recovering rapidly in the last quarter of 2020.

 

The deployment of geospatial solutions promotes location intelligence, situational analysis, and awareness, which are important factors for crisis management. The players in this market plan to move forward and capitalize on the lucrative market growth opportunities resulting from the pandemic. The geospatial solutions market is projected to transform drastically over the coming years. Several leading companies are rapidly growing through product launches, enhancements, partnerships, and collaborations. For instance:

 

In 2021, Trimble Inc. (U.S.) expanded its geospatial automated monitoring portfolio with world sensing geotechnical IoT solutions.

In 2020, Hexagon’s Safety, Infrastructure & Geospatial division (a subsidiary of Hexagon AB) (Sweden) launched the Luciad 2020.1, a significant update to its platform for building advanced location intelligence and real-time situational awareness applications.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5329?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=22-12-2022

 

The global geospatial solutions market is segmented by offering (solution, services), application (surveying, military/border security, disaster management, marketing management, urban planning, public safety, and asset management), organization size (SMEs, large enterprises), deployment mode (on-premise deployments, cloud deployments), and end-use industries (natural resources; security & defense; BFSI; media & entertainment; healthcare; architecture, engineering & construction; education; telecom & IT; manufacturing; oil & gas; retail; transportation & logistics; and utilities). The study also evaluates industry competitors and analyses the regional and country-level markets.

 

Based on offering, the global geospatial solutions market is segmented into solutions and services. In 2022, the services segment is expected to account for the largest share of the global geospatial solutions market. The large market share of this segment is attributed to the increasing demand for geospatial services for land surveying, mapping, data visualization, and GIS services. This segment is also projected to register the highest CAGR during the forecast period.

 

Based on application, the geospatial solutions market is segmented into surveying, military/border security, disaster management, marketing management, urban planning, public safety, and asset management. In 2022, the surveying segment is expected to account for the largest share of the global geospatial solutions market. The large market share of this segment is attributed to the growing need for interpretation/analysis and presentation of the natural, social and economic environments; better land management solutions; the rising popularity of land surveying solutions for infrastructure management and development; and land management and reform across urban and regional planning. This segment is also projected to register the highest CAGR during the forecast period.

 

Based on organization size, the global geospatial solutions market is segmented into SMEs and large enterprises. In 2022, the large enterprises segment is expected to account for the largest share of the global geospatial solutions market. However, the SMEs segment is projected to register the highest CAGR during the forecast period.  Open access to geospatial data has been proven advantageous to SMEs, which was earlier considered a major hindrance due to their revenue constraints.

 

Quick Buy – Geospatial Solutions Market Research Report: https://www.meticulousresearch.com/Checkout/25210113?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=22-12-2022

 

Based on deployment mode, the geospatial solutions market is segmented into on-premises deployment and cloud deployment. In 2022, the cloud deployment segment is expected to account for the largest share of the global geospatial solutions market. The large market share of this segment is attributed to the rising demand for viewing, creating, monitoring, managing, and analyzing geospatial data through cloud platforms. Additionally, the high demand for cloud-based GIS solutions for landslide mapping and safe construction planning and the growing benefits of cloud-based solutions such as data access, easy distribution, and centralized data capture and analysis is expected to further the growth of this segment. This segment is also projected to register the highest CAGR during the forecast period.

 

Based on end-use industry, the global geospatial solutions market is segmented into natural resources; security & defense; BFSI; media & entertainment; healthcare; architecture, engineering & construction; education; telecom & IT; manufacturing; oil & gas; retail; transportation & logistics; and utilities. In 2022, the transportation & logistics segment is expected to account for the largest share of the global geospatial solutions market. This segment's large market share is attributed to the growing need for geospatial data for transportation management & planning, the rising demand for location-enabled intelligent mapping solutions, geospatial solutions to promote route planning and ensure safety, and the increasing need for geospatial data to improve delivery schedules.

 

Based on geography, the global geospatial solutions market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the global geospatial solutions market. The large market share of this region is attributed to favorable government policies supporting the easy sharing of geospatial data between private organizations, promoting this market’s growth.

 

Some of the key players operating in the global geospatial solutions market are HERE Technologies (Netherlands), ESRI (U.S.), TomTom N.V. (Netherlands), Google LLC (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Trimble, Inc. (U.S.), Orbital Insights (U.S.), Oracle Corporation (U.S.), RMSI Pvt. Ltd. (India), Precisely (U.S.), General Electric (U.S.), Hexagon AB  (Sweden), Cyient Limited (India), L3Harris Technologies, Inc. (U.S.), Fugro N.V. (Netherlands), Foursquare (U.S.), Carmenta (Sweden), Maxar Technologies (U.S.), and Cesium GS, Inc. (U.S.).

 

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/geospatial-solutions-market-5329?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=22-12-2022

TOP 10 COMPNIES IN GEOSPATIAL ANALYTICS MARKET

Collagen Market: Product and Future Demand in 2023

 

According to a new market research report “Collagen Market by Product (Gelatin, Collagen Peptide, Native Collagen, Synthetic Collagen), Source (Porcine, Bovine, Chicken, Sheep, Other Sources), and Application (Food and Beverages, Pharmaceuticals, Nutraceuticals, Cosmetics, Healthcare) - Global Forecasts to 2027”, published by Meticulous Research^®, in terms of value, the collagen market is expected to grow at a CAGR of 6.9% to reach $7.53 billion by 2027; while in terms of volume, the market is expected to grow at a CAGR of 5.1% to reach 683.8 KT by 2027.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5121?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=17-02-2022

The overall collagen market is primarily driven by its growing use in the food industry, growing demand for protein consumption and nutricosmetics, increasing application in healthcare, and growing use of collagen-based biomaterials. In addition, rise in per capita income and booming food processing industry is providing significant opportunities to collagen manufacturers all across the globes. But, safety concerns and improvement in the processing technology are still a challenge for this market. Therefore, safety concerns, religious constraints, and growing use of alternatives are expected to restrain the growth of this market to some extent.

The global collagen market is mainly segmented by type (gelatin, collagen peptide, native collagen, synthetic collagen), source (bovine, porcine, marine, chicken, sheep, and other sources), application (food and beverages, pharmaceuticals, nutraceuticals, healthcare, cosmetics, and technical applications), and geography.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5121?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=17-02-2022

Based on type, the overall collagen market is mainly segmented into gelatin, collagen peptide, native collagen, and synthetic collagen. Gelatin segment is estimated to account for the largest share of the overall collagen market in 2020. The large share of this segment is mainly attributed to the increased demand from the food and pharmaceutical industries, owing to its outstanding stabilizing features and binding characteristics. The nutritional gummies, chewable soft capsules, and enteric capsules are the recent trends in the pharma drug deliveries where mass volume of gelatin is being used. In addition, growing usage of gelatin in photography, nutraceuticals, and cosmeceuticals are also contributing to its large adoption.

Based on source, the overall collagen market is segmented into bovine, porcine, fish, chicken, sheep, and other sources. The bovine collagen segment is estimated to command the largest share of the overall collagen market in 2020. The large share of this segment is mainly attributed to the growing beef consumption and its several health benefits such as skin health, tendon reinforcement, bone loss prevention, and relief from arthritis. However, fish collagen segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the rising fish production and growing cosmetic industry across the globe.

Based on application, the overall collagen market is mainly segmented into food and beverages, pharmaceuticals, nutraceuticals, healthcare, cosmetics, and technical applications. The food and beverages segment is estimated to command the largest share of the overall collagen market in 2020, mainly attributed to vast applications of collagen across the food and beverages industry due to its unique gelling and surface behavior properties. However, nutraceuticals segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the growing use of nutraceuticals for weight management across the globe.

Quick Buy – Collagen Market Research Report: https://www.meticulousresearch.com/Checkout/68443531?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=17-02-2022

The global collagen market is divided into six major regions, namely North America, Europe, Asia-Pacific, Latin America, Africa, and the Middle East. The North America region accounted for the largest share of the global collagen market in 2020. The largest share of this region is mainly attributed to the huge consumption of cosmeceuticals and nutraceuticals, rise in research and development activities, well established food and healthcare industry, and easy availability of raw materials. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The fast growth of the region is mainly due to the increasing number of food manufacturers and the prevailing food processing industry particularly in China and India; growing population; rising awareness of nutrition and personal well-being; steady pace of industrialization; high spending on personal care products; and abundant availability of raw material for collagen and gelatin manufacturing.

The key players operating in the global collagen market are Rousselot (The Netherlands), GELITA AG (Germany), Weishardt (France), Tessenderlo Group NV (Belgium), Nitta Gelatin Inc. (Japan), LAPI GELATINE S.p.a. (Italy), ITALGELATINE S.p.A. (Italy), Ewald-Gelatine GmbH (Germany), REINERT GRUPPE Ingredients GmbH (Germany), Trobas Gelatine B.V. (The Netherlands), GELNEX (Brazil), Juncà Gelatines SL (Spain), HolistaCollTech Ltd. (Australia), Collagen Solutions Plc. (U.K.), and Advanced BioMatrix, Inc. (U.S.).

TOP 10 COMPANIES IN COLLAGEN MARKET

Growing Awareness Regarding Early Disease Diagnosis to Drive the Indonesia In Vitro Diagnostics Industry

 

In vitro diagnostics (IVD) are tests performed on the samples of blood or tissue taken from the human body to detect a wide range of diseases. These tests can monitor overall health to prevent and treat various diseases. IVD includes tests based on various techniques such as enzyme-linked immunosorbent assay (ELISA), radioimmunoassay, polymerase chain reaction (PCR), isothermal nucleic acid amplification, and next-generation sequencing. They enable the early detection, management, and control of chronic and infectious diseases.

 

In Indonesia, the high prevalence of infectious and chronic diseases drives the need for early diagnosis to improve patients' quality of life. Early diagnosis of infectious diseases leads to better treatment and future care. Furthermore, early diagnosis can help medical professionals and patients make important medical decisions regarding care and support. There are many advantages of early diagnosis in the detection, prevention, and treatment of various diseases.

 

Indonesia has a high prevalence of infectious diseases such as tuberculosis, diarrheal disease, influenza & pneumonia, dengue, and hepatitis. These diseases are some of the leading causes of mortality in Indonesia. The incidence of these diseases is high in Indonesia and is gradually increasing. The growing prevalence of these infectious diseases has increased the utilization of In vitro diagnostics products, driving the growth of this market. According to the WHO, in 2020, Indonesia accounted for 8.4% of all estimated tuberculosis cases globally. Between January 2019 and October 2019, 110,921 cases of dengue were reported compared to 65,602 cases in 2018. Furthermore, in 2020, there were 95,971 cases of dengue fever and 663 associated deaths reported in Indonesia (Source: Indonesia's Ministry of Health, 2020).

 

In addition to infectious diseases, the burden of chronic diseases in Indonesia is high and rising gradually. This increase in chronic diseases can be attributed to unhealthy lifestyles, genetics, social and environmental factors, and the growing aging population, among other reasons. The aging population in Indonesia is growing rapidly. The aging population is usually highly prone to chronic diseases such as diabetes, cancer, cardiovascular diseases, Alzheimer's disease, or dementia. According to the United Nations (UN), the population aged 65 years or over in Indonesia is estimated to increase from 16.37 million in 2019 to 27.43 million by 2030, accounting for 9.2% of the country's total population in 2030. The prevalence of various chronic diseases, such as cancer, diabetes, and cardiovascular diseases, is increasing. For instance, according to the WHO, in 2020, cancer was the fourth-leading cause of death in Indonesia. The number of new cancer cases in Indonesia is expected to increase from 396,914 in 2020 to 522,246 in 2030 (Source: International Agency for Research on Cancer).

 

Indonesia's Health Ministry is taking efforts to strengthen the early detection of diseases and transform the country's health system. Laboratory examination is one of the most effective and practiced testing techniques for diagnosing various infectious diseases associated with bacterial, viral, or protozoal infections. Immunoassays, biochemical characterization, polymerase chain reaction, isothermal nucleic acid amplification, and next-generation sequencing identify a comprehensive range of infectious diseases. Increasing awareness regarding the importance of early disease detection is a major factor driving Indonesia's IVD market.

 

In addition, public and private organizations in the country are promoting early diagnosis to prevent and eradicate mortalities caused due to infectious diseases. For instance, in February 2022, Philips Indonesia collaborated with the Philips Foundation (Netherlands) to raise awareness about the importance of early detection of breast cancer among women. Moreover, in September 2021, the International Labour Organization (ILO) collaborated with PT. Pertamina (Persero) Tbk and PT. Waskita Karya (Persero) Tbk (state-owned companies) to implement HIV self-screening to scale up HIV prevention at workplaces.

 

According to Meticulous Research®, the Indonesia IVD market is projected to reach $1.11 billion by 2029, at a CAGR of 10.6%.

Access Report Here: https://www.meticulousresearch.com/product/indonesia-in-vitro-diagnostics-market-5352?utm_source=PR&utm_medium=Social&utm_campaign=Product&utm_content=05-12-2022

The report includes a competitive landscape based on an extensive assessment of the product portfolios and geographic presence of key players and the key growth strategies adopted by major market players between 2019 and 2022. The key players profiled in the Indonesia IVD market study are F. Hoffman-La Roche Ltd (Switzerland), Thermo Fisher Scientific Inc. (U.S.), Abbott Laboratories (U.S.), Danaher Corporation (U.S.), Becton, Dickinson and Company (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Qiagen N.V. (Netherlands), Siemens Healthineers AG (Germany), and Sysmex Corporation (Japan).

TOP 10 COMPANIES IN INDONESIA IN VITRO DIAGNOSTICS MARKET[SB1] 

---

 [SB1]

What is 𝐀𝐃𝐀𝐒 (Advanced Driver Assistance Systems)? Working, Types and Applications

 

According to a new market research report titled, ‘ADAS Market by System Type, Component (Sensors, Actuators), Vehicle Automation, Vehicle Type, End User, and Geography - Global Forecast to 2029,’ the global ADAS market is projected to reach $40.2 billion by 2029, at a CAGR of 21.6% from 2022 to 2029.

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5377?utm_source=PR&utm_medium=Social&utm_campaign=Product&utm_content=7-12-2022

The growth of this market is attributed to the Increasing ADAS adoption due to stringent safety regulations, rising demand for luxury vehicles and growing demand for safety and driving comfort features. Furthermore, the emergence of autonomous vehicles, increasing developments in autonomous shared mobility and the rising adoption of electric vehicles are expected to create significant opportunities for the players operating in this market.

However, the high cost of ADAS and environmental and security risks pose challenges to the growth of this market. Additionally, the lack of required infrastructure in developing countries is restraining market growth.

The Impact of COVID-19 on the Global ADAS Market

The COVID-19 pandemic emerged around the end of December 2019 in Wuhan, China. By March 2020, it had spread worldwide, resulting in huge casualties and heavy economic losses. The pandemic severely impacted several sectors, including the automotive sector, with major manufacturers shutting down their operations completely or operating at reduced capacities following the directives issued by their respective governments. Uncertainty regarding the duration of the lockdown and supply-chain disruptions made it more difficult for players to anticipate the industry's recovery. This crisis caused structural shifts that had significant implications for the market.

In Europe, despite some challenges arising from the semiconductor shortage, projected to be resolved by the third quarter of 2022, the car industry’s forecast for this year is positive. Automotive manufacturing companies are estimated to grow by ~13% in 2022. With the EU emphasizing making front-facing cameras and radar systems mandatory in all vehicles, as standard equipment, by 2024, the ADAS technology is projected to improve in Europe in 2022. For example, systems such as collision warning indications and electronic stability control are predicted to increase from 83% in 2021 to 100% by 2025. Similarly, restrictions on automotive vehicle speed regulations will increase from 48% to 100% over the same period. On the other hand, Europe is likely to outperform all other regions in terms of ADAS adoption in the coming years, owing to stronger legislation focusing on vehicle and passenger safety.

 

Overall, the market witnessed negative growth during the first half of 2020 due to the growing spread of COVID-19. Due to the global lockdowns, various assembly and manufacturing units witnessed a temporary closure. Lower automotive sales hampered the adoption of ADAS in 2021. However, by 2022, the ADAS market is anticipated to witness significant growth owing to driver safety assistance mandates laid by various countries across the globe.

The global ADAS market is segmented based on system type, vehicle automation, vehicle type, end user, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5377?utm_source=PR&utm_medium=Social&utm_campaign=Product&utm_content=10-12-2022

Based on system type, the tire pressure monitoring system (TPMS) segment is expected to account for the largest share of the ADAS market in 2022. TPMS integration is a standard in all major automotive markets, including North America, European countries, and some Asia-Pacific countries. TPMS was previously only mandatory in European passenger cars, which is expected to be in vans, trucks and buses by the end of 2022. China has been standardizing TPMS on all new vehicles since 2019, while Japan, Russia, South Korea and Turkey have already standardized TPMS on new vehicles. Such large-scale regulation of TPMS is accelerating its penetration into major automotive markets. 

However, the automatic emergency braking (AEB) segment is expected to grow at the highest CAGR during the forecast period. The segment's high growth is attributed to the government regulations for the mandatory fixture of ADAS in cars manufactured in the U.S. and Europe. The AEB is designed and developed to slow down and stop the vehicle before it hits an object.

Based on component, the sensors segment is anticipated to gain high traction owing to the substantial importance of this component in vehicle automation in 2022. The functioning of ADAS is primarily dependent on sensors and their functional accuracy. LiDAR, RADAR, ultrasonic sensors, cameras, and other sensors work together to perform the desired assistance and safety function. Different technologies are combined to improve ADAS capabilities with each sensor type's recognized strengths and weaknesses. Sensor coupling is becoming more and more standard. Therefore, the task of processing data from multiple sources in ADAS is done accurately and quickly.

However, the software segment is expected to grow at the highest CAGR during the forecast period. ADAS software gathers and authenticates data from all sensors to detect the vehicle’s complete surroundings and take instant actions for the driver’s safety. These actions can be based on analysing traffic participants, traffic density, and foreseen traffic scenarios.

Based on vehicle automation, the Level 2 segment is expected to account for the largest share of the ADAS market in 2022. Level 2 automation is preferred widely in ADAS because it is one of the officially recognized by the Society of Automotive Engineers (SAE) levels and an important category that offers advanced performance at an affordable price. Level 2 includes functions driven by the vehicle's systems, but the driver still needs to monitor the vehicle and be ready to intervene if necessary. Level 2 automation has strong consumer interest because drivers can take their hands off the wheel and their eyes off the road for a while without compromising safety.

Quick Buy – ADAS Market - Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/24048938?utm_source=PR&utm_medium=Social&utm_campaign=Product&utm_content=10-12-2022

Based on vehicle type, the electric vehicles segment is expected to account for the largest share of the ADAS market in 2022. The large market share of this segment is attributed to the stringent government regulations to adopt electric vehicles and growing fleet electrification to reduce carbon footprints. Moreover, the rising number of accident cases, reckless driving, and safety concerns have encouraged technological advancements in the automotive industry, which is expected to witness high segmental growth in the coming years.

Based on end user, the passenger vehicles segment is expected to account for the largest share of the ADAS market in 2022. The large market share of this segment is attributed to the increasing demand for safety systems in developing markets due to growing consumer awareness, supporting legislation, and improving road safety standards.

Based on geography, the global ADAS market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the ADAS market. The region's large share is attributed to the increased use of advanced electronics and automobile production in countries such as Japan, China, and South Korea. Government initiatives such as implementing emergency braking systems and adaptive cruise control systems to facilitate market entry for OEMs, thereby strengthening market growth.

However, North America is expected to grow at the highest CAGR during the forecast period. The growth of this region is driven by technological advancement in the automotive industry and the presence of major players in the region. Furthermore, the higher adoption rate of new technology, along with improved regional economic conditions. The rising fatality rate and increase in sales of high-end vehicles in countries such as Canada and the U.S. are driving market growth.

Some of the key players operating in the global ADAS market study Autoliv, Inc. (Sweden), Continental AG (Germany), Denso Corporation (Japan), Garmin Ltd. (U.S.), Infineon Technologies AG (Germany), Magna International Inc. (Canada), Mobileye B.V. (Israel), Robert Bosch GmbH (Germany), Valeo SA (France), Aptiv PLC (Ireland), ZF Friedrichshafen AG (Germany), AISIN CORPORATION (Japan), BorgWarner Inc. (U.S.), HELLA GmbH & Co. KGaA (Germany), Huawei Technologies Co., Ltd. (China), Qualcomm Technologies, Inc. (U.S.), Microsoft (U.S.), and NXP Semiconductors N.V. (Netherlands).

Browse in depth @ https://www.meticulousresearch.com/product/adas-market-5377?utm_source=PR&utm_medium=Social&utm_campaign=Product&utm_content=10-12-2022

 

Speech Analytics Market Worth $14.1 Billion by 2029

 

According to a new market research report titled, ‘Speech Analytics Market by Component, Application, Organization Size, Deployment Mode, End-use Industry (IT & Telecommunication, BFSI, Retail & Consumer Goods, Healthcare & Life Sciences, Business Process Outsourcing)—Global Forecast to 2029’, the global speech analytics market is expected to register a CAGR of 20.1% from 2022 to 2029 to reach $14.1 billion by 2029.

 

Speech Analytics is the process of extracting meaningful insights from audio recordings and analysing that data for relevant and meaningful business intelligence. The key applications of speech analytics include customer experience management, call monitoring and summarization, sales and marketing management, risk and compliance management, sentiment analysis, and fraud detection & security applications. Speech analytics solutions are increasingly gaining traction due to their growing utilization across numerous industries, including contact & call centres, healthcare & life sciences, and media and entertainment.

 

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5364?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=10-11-2022

 

The growth of the global speech analytics market is driven by factors such as the surge in demand for speech analytics to improve contact centre operations, the emergence of speech analytics to enhance fraud detection, and the rising demand for speech-based biometric systems during the COVID-19 pandemic. However, data privacy and security concerns represent a notable restraint for market growth. The increasing demand for speech analytics in the healthcare sector and the growing demand for cloud-based speech analytics solutions to bolster customer retention are expected to offer significant growth opportunities for the speech analytics market. Besides, limited use cases of real-time speech analytics at present, pose a serious challenge to the overall growth of the speech analytics market.

 

Impact of COVID-19 on the Speech Analytics Market

 

The COVID-19 pandemic created several challenges for the speech analytics market due to the lockdowns imposed during the second and third quarters of 2020. The pandemic lowered the financial capacity of end user industries, which decreased the sales of speech analytics solutions and services. However, in 2021, major industries, including call centres, BFSI, retail, healthcare and life sciences, started recovering from the economic setback suffered during the pandemic. The COVID-19 pandemic moderately impacted the speech analytics market due to delayed and postponed orders for speech analytics solutions; however, it started recovering rapidly from the last quarter of 2020. Social distancing became the new norm, and these restrictions had long-term effects on several areas, including the development, distribution, and deployment of speech analytics solutions. Several companies worldwide reduced employee contact and interaction and adapted to stringent government guidelines to curb the spread of infection.

 

Different leading speech analytics providers leveraged a strong portfolio of speech analytics solutions and enhanced their product capabilities during the COVID-19 pandemic, consequently promoting the growth of the speech analytics market. For instance, in 2022, NICE Ltd. (Israel) launched the NICE NTR-X solution for compliance recording capture for communications done via Zoom, including Zoom Meetings and Zoom Phone, a feature-rich cloud phone solution. Furthermore, in 2021 NICE Ltd. (Israel) launched Enlighten XO, a first-of-its-kind solution that automatically generates insights from human conversations to build smart self-service with advanced AI.

 

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5364?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=10-11-2022

 

Speech analytics solution providers plan to capitalize on the lucrative market growth opportunities resulting from the COVID-19 pandemic. The speech analytics market is projected to transform drastically over the coming years, with several leading companies growing rapidly through new product launches, product enhancements, and partnerships and collaborations for capitalizing on the market growth.

 

The global speech analytics market is segmented by component (solutions [call centre software, reporting and visualization tools, quality assurance & monitoring solutions, enterprise performance management solutions, customer experience solutions, customer engagement solutions, other solutions (root cause analysis solutions, customer journey management], services [professional services, managed services]), application (customer experience management, call monitoring and summarization, sales and marketing management, risk and compliance management, sentiment analysis, fraud detection and security application, other applications (quality assurance, real-time alerting), organization size (small & medium-sized enterprises, large enterprises), deployment mode (on-premise deployment, cloud-based deployment), and end-use industry (IT & telecommunications, BFSI, retail & consumer goods, healthcare & life sciences, government & public sector, travel & hospitality, media & entertainment, business process outsourcing, education, other end-use industries). The study also evaluates industry competitors and analyzes the market at regional and country levels.

 

Based on component, the global speech analytics market is segmented into solutions and services. In 2022, the solutions segment is expected to account for the larger share of the speech analytics market. The large share of this segment is attributed to the rising proliferation of speech analytics software in call centers, the growing demand for reporting and visualization tools across retail industries, and the increasing need for customer experience and engagement solutions. Additionally, the speech analytics solutions segment is expected to register the highest CAGR during the forecast period.

 

Based on application, the global speech analytics market is segmented into customer experience management, call monitoring and summarization, sales and marketing management, risk and compliance management, sentiment analysis, fraud detection & security applications, and other applications (quality assurance, real-time alerting). In 2022, the sales and marketing management segment is expected to account for the largest share of the global speech analytics market. The large share of this market segment is attributed to the increasing need for improved customer experience in sales and marketing departments, the rising need for speech analytics solutions to identify effective patterns to close sales deals and develop a training program to mentor other team members, rising demand of call monitoring solutions for spotting competitive challenges, and growing need for identifying cross and upsell opportunities.

 

Quick Buy – Speech Analytics Market- Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/66177984?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=10-11-2022

 

Based on organization size, the speech analytics market is segmented into small & medium-sized enterprises and large enterprises. In 2022, the small & medium-sized enterprises segment is expected to account for the larger share of the global speech analytics market. The large share of this market segment is majorly attributed to the growing demand for improved operational efficiency in small customer service environments, growing demand for automating customer interactions in call centre operations, and the growing proliferation of call recording and speech analytics technology in small organizations. Additionally, this segment is expected to register the highest CAGR during the forecast period.

 

Based on deployment mode, the speech analytics market is segmented into on-premise deployment and cloud deployment. In 2022, the cloud-based deployment segment is expected to account for a larger share of the global speech analytics market. The large share of this market segment is attributed to the growing demand for secure cloud-based speech analytics software, the rising need for cloud-based communication solutions, the increasing need to store and analyse data through cloud platforms, and the growing benefits offered by highly sophisticated cloud-based speech analytics software.

 

Based on end-use industry, the global speech analytics market is segmented into IT & telecommunications, BFSI, retail & consumer goods, healthcare & life sciences, government & public sector, travel & hospitality, media & entertainment, business process outsourcing, education, others (FMCG, automotive). In 2022, the IT & telecommunications segment is expected to account for the largest share of the global speech analytics market. The large share of this market segment is attributed to increasing demand for speech analytics solutions by telecom companies to gather more actionable information in less time, increasing demand to boost customer retention by building loyalty and maintaining customer relationships, and growing popularity for solutions to implement protocols to seize opportunities for cross-selling and upselling in IT & telecom industry. However, the business process outsourcing segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to factors such as the growing demand to resolve simpler customer queries using AI-based chatbots and the increasing proliferation of speech analytics solutions to monitor agent performance and assess call quality.

 

Based on geography, the global speech analytics market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2022, North America is expected to account for the largest share of the global speech analytics market. The large market share of this region is attributed to the increasing adoption of emotion analysis solutions in customer experience management; expansion of e-commerce platforms; growing focus on customer satisfaction; rising demand for speech analytics software to maintain inbound, outbound, and blended calls, e-mails, web inquiries, and chats; increasing demand for self-service interactions among customers; growing popularity for healthcare fraud analytics and detection solutions across the region; and growing demand for reporting and visualization tools by region's flourishing retail and e-commerce sectors. However, the Asia-Pacific region is expected to register the highest CAGR during the forecast period due to the growing technology expenditures in countries such as Australia, China, and India, increasing demand for cost-effective analytical software and services among small and medium-sized enterprises (SMEs), and increasing usage and consciousness of speech and voice recognition devices in the automotive sector.

 

The key players operating in the global speech analytics market are NICE Ltd. (Israel), Verint Systems Inc. (U.S.), CallMiner, Inc. (U.S.), Genesys Cloud Services, Inc. (U.S.), Avaya Holdings Corp. (U.S.), Audio Analytic Ltd. (U.K.), Calabrio, Inc. (U.S.), Batvoice Technologies (France), Qualtrics, LLC (U.S.), Dialpad, Inc. (U.S.), WinterLight Labs (Canada), The Plum Group, Inc. (U.S.), Aural Analytics, Inc (U.S.), Amazon.com, Inc. (U.S.), Uniphore Technologies Inc. (India), Intelligent Voice Ltd (U.K.), Kwantics (India), Gnani Innovations Private Limited (India), and SAS Institute Inc. (U.S.).

 

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/speech-analytics-market-5364?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=10-11-2022

Medical Waste Management Market Worth $16.69 Billion by 2029

 

According to a new market research report titled, ‘Medical Waste Management Market by Waste Type (Non-hazardous, Hazardous), Service (Collection, Transport, Treatment (Incineration, Autoclaving, Chemical), Disposal), Source (Hospital, Diagnostic Laboratory, Research Laboratory) - Global Forecast to 2029,’ published by Meticulous Research®, the global medical waste management market is projected to reach $16.69 billion by 2029, at a CAGR of 6.3% from 2022 to 2029.

 

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5350?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=08-11-2022

 

Medical waste is the waste produced in healthcare or diagnostic activities. It can be both non-hazardous and hazardous waste. Those in contact with medical waste are potentially exposed to various risks such as trauma, infection, chemical, fire or explosion, and radioactivity. In Addition, medical waste also risks environmental pollution and contamination. With the large amount of medical waste generated by hospitals, laboratory and research centers, and nursing homes, there is a high demand for medical waste management services. The report covers various medical waste management services offered by key companies in terms of non-hazardous and hazardous waste collection, transportation and storage, treatment, and recycling. The growth of this market is driven by the increase in the volume of medical waste generated globally, stringent regulations for medical waste management, and growing government initiatives to raise awareness regarding proper medical waste disposal.

 

Impact of COVID-19 on Medical Waste Management Market

 

According to WHO, around 30% of healthcare facilities globally are not equipped to handle medical waste loads. The global medical waste management market experienced tremendous pressure during the COVID-19 pandemic due to the high demand for healthcare waste management services. There is a large concern about hazardous medical waste produced during the COVID-19 pandemic and the risks of contamination associated with waste management. According to WHO, till now, around 10,000 tons of extra medical waste has been generated in response to the COVID-19 pandemic. While countries were actively procuring commodities such as personal protective equipment, PPE kits, diagnostic test kits, disinfectant chemicals, and vaccines, less attention and resources were allocated to the safe and sustainable management of COVID-19-related medical waste.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5350?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=08-11-2022

 

The WHO Global analysis of health care waste in the context of COVID-19 estimates that between March 2020 and November 2021, approximately 87,000 tons of PPE were procured and shipped to various countries to support COVID-19 response needs. Since the start of the pandemic, over 140 million diagnostic test kits that could generate 2,600 tons of medical waste have been shipped globally. Furthermore, as of 7 January 2022, over 9 billion doses of COVID-19 vaccine have been administered globally, producing 144,000 tons of additional medical waste in the form of syringes and needles (88,000 tons) and safety boxes (8,000 tons) (source: WHO). The companies operating in the medical waste management market experienced tremendous strain due to the huge demand for healthcare waste management services. Although these companies reported an increase in revenue due to high demand for COVID-19-related waste management and decontamination services, the amount of medical waste generated tremendously exceeded their waste management capacity. For example, according to an article published (dated April 2021) in SAGE Journals by the International Solid Waste Association, in March 2020, the medical waste generated in Wuhan, China, rose from a normal level of 40 tons per day to approximately 240 tons per day, exceeding the city’s maximum capacity of 49 tons per day. The pandemic has boosted the revenue of companies offering medical waste management services but has also imposed a tremendous strain on the market.

 

Medical Waste Management Market: Future Outlook

 

The global medical waste management market is segmented by waste type (non-hazardous waste and hazardous waste), services (collection, transportation, & storage, treatment [incineration, autoclaving, chemical treatment, and other treatments], and recycling), source (hospitals & clinics, diagnostic laboratories, research laboratories, other sources), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the country and regional-level markets.

 

Based on waste type, in 2022, the non-hazardous waste segment is expected to account for the largest share of the global medical waste management market. The non-hazardous medical waste does not pose any particular biological, chemical, radioactive or physical hazard. The major factor contributing to this segment's large market share is increased surgical procedures globally. Many surgeries are performed globally that generate various types of medical waste, including non-hazardous waste such as plastic packaging, clean glass and plastic, paper, and cardboard. According to Eurostat, in 2020, at least 1.12 million caesarean sections were performed in the EU. For instance, a total of 637,100 caesarean sections were performed in Turkey, while 234,000 and 147 600 caesarean sections were performed in Germany and Poland, respectively (source: Eurostat). Thus, the large number of surgeries performed is expected to boost the demand for medical waste management services.

 

Based on services, in 2022, the collection, transportation, and storage segment is expected to account for the larger share of the global medical waste management market. The large market share of this segment is attributed to the large volume of medical waste generated globally, which further creates demand for medical waste collection, transportation, and storage services. For instance, according to a new article released by the Waste Agency of Catalonia (ARC), in April 2020, an estimated 350% increase in waste (including medical waste such as masks and gloves) since mid-March was observed in Catalonia.

 

Quick Buy – Medical Waste Management Market- Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/74873803?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=08-11-2022

 

Based on source, in 2022, the hospitals & clinics segment is expected to account for the largest share of the global medical waste management market. Hospitals perform various medical procedures that generate non-hazardous and hazardous wastes. The large market share of this segment is mainly attributed to a large number of hospitals and other healthcare facilities globally and government initiatives to promote proper medical waste management. For instance, according to American Hospital Association (AHA) Hospital Statistics, 2022 edition, there are 6,093 hospitals with 920,531 staffed beds in the U.S.

 

Based on geography, the global medical waste management market is segmented into North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the global medical waste management market. The largest share of this region is attributed to a large volume of medical waste generated, rising healthcare expenditures, and growing government initiatives to raise awareness regarding proper medical waste disposal

 

Key companies operating in the global medical waste management market are Biomedical Waste Solutions, LLC (U.S.), Clean Harbors, Inc. (U.S.), Daniels Sharpsmart Inc. (U.S.), Republic Services, Inc. (U.S.), Stericycle, Inc. (U.S.), SUEZ SA (France), VEOLIA ENVIRONNEMENT SA (France), Waste Management, Inc. (U.S.), Sharp Compliance, Inc. (U.S.), and Gamma Waste Services (U.S.).

 

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/medical-waste-management-market-5350?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=08-11-2022

English Language Learning Market Worth $69.62 Billion by 2029

 

English Language Learning Market Worth $69.62 Billion by 2029

 

According to a new market research report titled, ‘English Language Learning Market by Methodology (Blended Learning, Offline Learning, Online Learning), Learning Mode, Age Group, End User (Individual Learners, Educational Institutes, Government Bodies, Corporate Learners), and Geography - Global Forecasts to 2029,’ the market is expected to reach $69.62 billion by 2029, at a CAGR of 9.5% from 2022 to 2029.

English language learning nowadays has become a necessity to sustain a competitive world. The digitalization of the education industry has added to multiple digital learning platforms that offer English language learning techniques and practices. Learning English has numerous advantages, not only for personal development but also for professional growth. Vendors are focusing on offering English language learning solutions that can provide easy and effective communication, enhance the teaching and individual learning experience, and helps overcome learning obstacles.

Download Free Sample Report Now: https://www.meticulousresearch.com/download-sample-report/cp_id=5127?utm_source=blog&utm_medium=social&utm_campaign=Product&utm_content=22-02-2022

The growth in this market is driven by the rising importance of English in business & professional areas, increasing investments in start-ups & small companies teaching English, and the minimal cost of English language learning apps. However, reluctance to accept English as a primary communication tool in some countries may restrain the growth of this market. The increasing spending on the education sector and transnational education (TNE) is expected to create market growth opportunities. However, the dearth of trained professionals to teach English is a major challenge for the players operating in this market.

 

Impact of COVID-19 on the English Language Learning Market

 

The COVID-19 pandemic has been disrupting education systems, particularly affecting the most vulnerable learners and businesses across the globe. According to UNESCO, in 2020, nationwide closures impacted over 60% of the world’s student population, where 188 countries worldwide closed schools nationwide, affecting over 1.5 billion learners and representing more than 91% of total enrolled learners. As a result, imparting education witnessed a dramatic change with the distinctive rise of E-learning.

According to UNICEF, in 2020, approximately 463 million students around the globe faced interruptions in education, mainly due to a lack of remote learning policies or equipment needed for learning at home. Thus, governments around the globe undertook substantial efforts to ensure continuing education opportunities and rolled out initiatives for the growth of the education sector. For instance, in 2021, the United States Department of Agriculture (USDA) announced an investment of approximately USD 42.3 million in distance learning and telemedicine infrastructure to improve education and health outcomes. Also, in 2021, the Government of India and the World Bank signed a USD 500 million deal for the “Strengthening Teaching-Learning and Results for States Program (STARS)” to improve the quality and governance of school education and support the country’s goal of providing ‘Education for All.’ Such developments and the growing adoption of online platforms for English language learning are expected to boost market growth during the forecast period. Also, the rise in remote and online learning during the pandemic and the demand for low-cost language learning platforms and services contributed to the market growth. However, the pandemic decreased offline English language learning as schools conducted online teaching sessions using blended learning. Also, in 2021, China's education administration banned the usage of English in educational institutions. Thus, such low acceptance and banning of English may restrain market growth in the coming years.

 

The global English language learning market on methodology (blended learning, offline learning, online learning), learning mode (self-learning apps and applications, tutoring (one-on-one learning, group learning), age group (<18 years, 18–20 years, 21–30 years, 31–40 years, >40 years), end user (individual learners, educational institutes (k-12, higher education), government bodies, corporate learners), and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

Have Any Query? Speak to Analyst at 

https://www.meticulousresearch.com/speak-to-analyst/cp_id=5127?utm_source=blog&utm_medium=social&utm_campaign=Product&utm_content=22-02-2022

Based on methodology, in 2022, the blended learning segment is estimated to account for the largest share of the English language learning market. However, the online learning segment is also projected to register the highest CAGR during the forecast period due to the increasing user base for mobile phones, the growing digitalization in the education sector, the increasing budget allocations and investments for E-learning programs, and the emergence of new online learning platforms after the COVID-19 pandemic.

 

Based on learning mode, in 2022, the tutoring segment is estimated to account for the largest share of the English language learning market. The growing investment in e-learning tools and technologies to enhance the teaching experience, increasing need for education, and demand for cost-effective programs to address the knowledge gap in students.

 

However, the self-learning apps and applications segment is also projected to register the highest CAGR during the forecast period due to the increasing consumer acceptance of low-cost technology-based products, the emergence of new online learning platforms after the COVID-19 pandemic, increasing digitalization of educational content, need for scalable, flexible, and customizable solutions for language learning.

Order Complete Report @ https://www.meticulousresearch.com/Checkout/73019114?utm_source=blog&utm_medium=social&utm_campaign=Product&utm_content=22-02-2022

Based on age group, in 2022, the <18 years segment is estimated to account for the largest share of the English language learning market. The increasing digitization of public schools, rising number of English learners, significant increase in smartphone users, growth in student immigration for higher education, and the growing e-learning platforms are expected to drive the segment growth in the coming years.

However, the 18–20 years segment is projected to register the highest CAGR during the forecast period due to the rising demand for cost-effective learning programs, the rising importance of English in business & professional areas, and the emergence of new online language learning platforms after the COVID-19 pandemic.

 

Based on end user, in 2022, the individual learner’s segment is estimated to account for the largest share of the English language learning market. The rise in adoption of smart devices coupled with faster internet penetration, the increasing need for transmitting live content on the internet for better brand engagement and student reach, and the surging social media platforms are expected to drive segment growth in the coming years. Also, the increase in mobile phone user base, the high number of established language learning sites, and the consistent launch of mobile apps at reasonable prices by key players are the other factors contributing to the segment's high growth.

 

Based on geography, in 2022, Asia-Pacific is estimated to account for the largest share of the English language learning market. The large market share of this region is attributed to the growing need to improve communication across borders, increasing access to language learning platforms, high demand for multilingual professionals, and government initiatives to strengthen national education networks. Also, the high adoption of digital technologies in educational facilities, high education expenditure in the region, various schemes launched for supporting the digitization in education, and increasing disposable income leading to the penetration of the Internet are the other factors contributing to the high growth of the APAC English language learning market.

 

The report also includes an extensive assessment of the key growth strategies adopted by the leading market participants between 2020 and 2022. The English language learning market is consolidated and dominated by a few major players, namely Cambridge University Press (U.K.), New Oriental Education & Technology Group Inc. (China), Houghton Mifflin Harcourt Company (U.S.), McGraw-Hill Education, Inc. (U.S.), Duolingo Inc. (U.S.), Berlitz Corporation (U.S.), Busuu Online S.L. (Spain), Babble GMBH (Germany), Linguistica 360, Inc. (U.S.), Mondly (Romania), ELSA Corp. (U.S.), FluentU (A part of Enux Education Limited) (China), Memrise Inc. (U.K.), Mango Languages (U.S.), Rosetta Stone Ltd. (A part of IXL Learning, Inc.) (U.S.), Inlingua International Ltd. (Switzerland), Sanako Corporation (Finland), Transparent Language, Inc. (U.S.), and Open Education LLC (U.S.).

TOP 10 COMPANIES IN ENGLISH LANGUAGE LEARNING MARKET

 

Video Conferencing: Connecting People Online..!!

 

According to a new market research report titled "Video Conferencing Market by Technology (VaaS, USB-VC, Room-based Codec System), Component, Deployment Mode, Organization Size, End User (Education, IT & Comm., Healthcare, BFSI, Oil & Gas, Legal, Media) - Global Forecast to 2028", published by Meticulous Research®, the video conferencing market is expected to grow at a CAGR of 15.5% from 2021 to 2028 to reach $24.4 billion by 2028.

Video conferencing is a technology that allows users in different locations to hold face-to-face meetings. It is widely utilized for business meetings and training purposes. The use of video conferencing witnessed remarkable growth from 2020 due to the lockdowns imposed by several governments worldwide.

 

The growth of the overall video conferencing market is mainly attributed to the COVID-19 pandemic and the consequent global lockdown, which affected most industries impacting the global economy. To counter this escalating situation, many industries adopted the remote working culture, where employees could safely work from their chosen locations and collaborate using video conferencing apps such as Zoom, Meet, and Teams.

 

In addition to the growing acceptance of the work-from-home culture among various sectors, many industries are also adopting video conferencing tools to reduce quarterly and annual spending on infrastructure maintenance. Companies that have adopted video conferencing tools have also recorded improved employee productivity, time and cost savings on transportation, and improved communication & collaboration among team members, further boosting the demand for video conferencing solutions among various industries.

 

The pandemic has severely affected many sectors globally, including the education sector. However, this sector has quickly adopted the new collaboration solutions and restored itself within just a few months post the lockdown. IT & telecommunication has been the leading adopter of this technology from even before the outbreak of the COVID-19 pandemic. However, the global lockdown further boosted the use of video conferencing technology in the industry. Additionally, the healthcare sector has also increased the adoption of video conferencing solutions to improve patient care & monitoring and reduce the burden on hospital staff and infrastructure.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5195?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

The Impact of COVID-19 on the Video Conferencing Market

 

The spread of COVID-19 has had an unprecedented impact on public health and industrial structures, accelerating social reforms in several areas. Due to stringent government policies of social distancing, lockdowns, and work from home culture adoption, people were forced to communicate through the latest tools and devices to complete their work. Thus, video conferencing tools gained huge demand through this period. Amongst the disruption caused by the pandemic in the business sector, video conferencing was one of those few entities that witnessed exponential growth in adoption as the need for communicating through remote places grew extensively.

 

The video conferencing market witnessed tremendous growth amidst the pandemic as lockdowns forced many individuals across the globe to work-from-home and attend online classes, which led to a surge in the adoption of popular software like Zoom, Skype, and Microsoft Teams. For instance, in October 2020, Microsoft Teams registered more than 115 million daily active users. Thus, with advancements in technology and increasing usage of this technology, the market is poised to grow immensely.

 

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5195?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

 

Work-from-home Culture to Drive the Video Conferencing Market Growth

 

The outbreak of the COVID-19 pandemic changed the overall working culture of the majority of the companies around the world due to lockdowns and social distancing policies. The companies had to adopt work from home culture. This led to an increase in dependency of the employees, students, and other professional workers on video conferencing tools such as Skype, Zoom, Google Duo, and Microsoft Teams, among others, for effective communication. As a result, the market observed high traction in the demand and adoption of these tools.

 

Furthermore, by working from home, the companies witnessed improved employee productivity due to less time for commuting, better work-life balance, and location independence. This factor allowed companies to retain this policy for a longer period, increasing the usage of video conferencing tools. In April 2020, Tata Consultancy Services (TCS), an India-based IT service provider, announced its plan to allow 75% of employees, around 4.5 lakh, to work from home until 2025. Furthermore, Infosys, a major IT service provider, has permanently announced flexible work from home model.

 

Video Conferencing Market Overview

 

Meticulous Research® has segmented the overall video conferencing market based on technology (VaaS, USB-VC, room-based codec systems), component, deployment mode, organization size, end user (education, IT & communication, healthcare, BFSI, oil & gas, legal, media), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa).

 

Based on technology, the video conferencing market is segmented into video-as-a-service (VaaS), USB video conferencing, and room-based codec systems. In 2021, the video-as-a-service (VaaS) segment is expected to account for the largest share of the overall video conferencing market. The growing adoption of video-as-a-service in the corporate, IT & telecommunication, healthcare, education, and public, among other sectors, is driving the growth of this segment. In its most recent versions, video-as-a-service allows for the transmission of full-motion video and high-quality audio between multiple locations. In addition, cloud-based video services enable organizations to deploy video conferencing solutions quickly and with minimal infrastructural investments.

 

Based on component, the video conferencing market is segmented into solutions and services. In 2021, the solutions segment accounted for the largest share of the overall video conferencing market. The larger share of the solutions segment is mainly attributed to the exponential adoption of video conferencing apps such as Zoom, Microsoft Teams, WebEx, and Google Meet among various industries, such as IT & communications and education.

 

Based on deployment mode, the video conferencing market is segmented as cloud deployment and on-premise deployment. In 2021, the cloud deployment segment is estimated to account for the larger share of the overall video conferencing market. The large share of this segment is mainly attributed to the higher efficiency and lower investment requirements of cloud deployment compared to on-premise. The segment is also expected to register a higher CAGR during the forecast period due to the entry of major cloud service providers such as Amazon, Google, and Microsoft.

 

Based on organization size, the video conferencing market is segmented into large enterprises and small & medium-sized enterprises (SMEs). In 2021, the SMEs segment is estimated to account for the larger share of the video conferencing market. The large share of this segment is mainly attributed to the affordable subscription plans and customized user interfaces (UIs) offered by leading video conferencing solution providers.

 

Quick Buy – Video Conferencing Market Research Report: https://www.meticulousresearch.com/Checkout/24911667?utm_source=Article&utm_medium=Social&utm_campaign=Product&utm_content=06-07-2022

 

Based on end user, the video conferencing market is segmented into education; healthcare; government, defence, & public sectors; BFSI; media & entertainment; law & legal; manufacturing; oil, gas, & energy; and IT & telecommunication. In 2021, the IT & telecommunication segment accounted for the largest share of the global video conferencing market. However, the education segment is expected to record the highest CAGR during the forecast period due to the growing number of online education platforms and the need to conduct online lectures among universities and educational institutions, such as colleges and schools.

 

Geographically, the global video conferencing market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2021, the North American region accounted for the largest share of the global video conferencing market. The large share of North America is attributed to the presence of many IT companies and the growing need to connect their large workforce available at different locations. Also, the region is technologically advanced, and there is swift adoption of video conferencing in daily work schedules. However, the Asia-Pacific region is expected to account for the fastest growth during the forecast period. Rapid growth in the number of SMEs in regional economies and increasing internet penetration are expected to drive the adoption of video conferencing at a significant rate.

 

The four key players in this market are Zoom Video Communication, Inc., Microsoft Corporation, Cisco Systems, Inc., and Google, LLC. These players continuously focus on new product development and launches and agreements, collaborations, & partnerships to increase their respective market shares. The other key players operating in the global video conferencing market are Zoom Video Communication, Inc. (U.S.), Microsoft Corporation (U.S.), Cisco Systems, Inc. (U.S.), Blue Jeans Network Inc. (Verizon) (U.S.), LogMeIn, Inc. (U.S.), Alphabet Inc. (U.S.), ON24, Inc. (U.S.), Dialpad, Inc. (U.S.), TeamViewer AG (Germany), Adobe (U.S.), Blackboard Inc. (U.S.), and Vidyo, Inc. (U.S.) among others.

TOP 10 COMPANIES IN VIDEO CONFERENCING MARKET

Related Reports:

Live Streaming Market by Component (Platform, Services), Offering Model (B2B, B2C), Streaming Type (Audio, Video, Game), Vertical (Media & Entertainment, Education, Sports & Gaming, Government, Fitness), and Region - Global Forecast To 2028