E-commerce Market: The History and Future of Online Shopping

 

According to a new market research report titled, ‘‘E-commerce Market by Business Model, Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfer), Operational Channel, offering (Beauty & Fashion, Food & Beverage, Electronic, Household) - Global Forecast to 2030,’ the E-commerce market is projected to reach $21,168.6 billion by 2030, at a CAGR of 16.9% during the forecast period 2023–2030.

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E-commerce is not a new term for consumers across the world. E-commerce enables businesses to reach a wider customer base, including customers in different geographical locations, which can lead to increased sales and revenue. Shopping from home, discounts and offers extended by brands and E-commerce platforms, and multiple payment options have helped the E-commerce market. E-commerce provides numerous benefits to businesses, including increased reach, lower operating costs, 24/7 availability, personalization, faster transactions, data analytics, and increased efficiency. These benefits can result in increased sales and revenue, improved customer satisfaction and loyalty, and a competitive advantage in the marketplace.

 

However, during the COVID-19 pandemic, many market players were not ready to deliver under such tremendous pressure, affecting the overall market growth. In this research, all recent dynamics associated with E-commerce were thoroughly analysed to precisely estimate the future of the E-commerce market. This study also includes profiling key E-commerce stakeholders and segmenting them based on their market standing.

 

Based on business model, in 2023, the horizontal E-commerce segment is expected to account for the larger share of the E-commerce market. The horizontal E-commerce model caters to a diverse product category and hence enjoys a large section of consumers and high sales, contributing to the high share of the segment. Horizontal e-commerce platforms often use a marketplace model, where third-party sellers can also list and sell their products on the platform. This allows for even greater product variety and selection, as well as increased competition and potentially lower prices for customers.

 

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However, the vertical E-commerce model is projected to register the highest CAGR during the forecast period. The vertical E-commerce model allows businesses to offer customers a specialized and tailored shopping experience within a specific product category or industry. By focusing on a specific niche, businesses can differentiate themselves from larger, more generalized e-commerce platforms and establish a strong brand identity.

 

Based on browsing medium, in 2023, the desktop/laptop segment is expected to account for the larger share of the E-commerce market. However, the mobile/tablet segment is expected to grow with the fastest growth rate over the forecast period. Mobile devices are becoming increasingly popular for E-commerce, and businesses need to optimize their websites for desktop and mobile platforms to ensure a seamless customer experience. Mobile and tablet devices have significantly impacted E-commerce, providing customers with greater accessibility and convenience, improving user experience, enabling new payment options, location-based services, social media integration, and driving business sales growth.

 

Based on payment mode, in 2023, the card payments segment is expected to account for the largest share of the E-commerce market. However, the digital wallets segment is projected to register the highest CAGR during the forecast period. Digital wallets have significantly impacted E-commerce, providing a convenient, secure, and fast payment method, enabling mobile payments, loyalty programs, and improving the overall user experience for customers. As a result, more and more E-commerce businesses are integrating digital wallet payment options to provide their customers with greater convenience and security.

 

Based on operational channel, in 2023, the omni-channel E-commerce segment is expected to account for the larger share of the E-commerce market. The large market share of this segment is attributed to the increased customer experience, increased sales, and consumer traffic, boosting customer loyalty, and better data collection for optimum customer and resource management. Also, this segment is projected to register the highest CAGR during the forecast period.

 

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Based on offering, in 2023, the beauty & fashion products segment is expected to account for the largest share of the E-commerce market. The large market share of this segment is attributed to the rapidly changing customer behavior and preference towards online shopping, the high demand for cosmetics and clothing, and the rising popularity of mobile wallets. Besides, the increasing use of smartphones, incorporation of advanced technologies in online platforms, and various beauty & fashion goods available for comparison on E-commerce platforms further augment this segment's growth. Also, this segment is projected to register the highest CAGR during the forecast period. E-commerce has significantly impacted the beauty and fashion industry, providing brands with a global reach, offering a personalized and convenient shopping experience, driving innovation and competition, and providing customers with access to valuable reviews and feedback.

 

Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the global E-commerce market. Large consumer groups, growing penetration of smartphones and the Internet, and rising disposable income have helped the region emerge as the largest E-commerce market. Also, this region is projected to register the highest CAGR during the forecast period.

 

Some of the key players operating in the E-commerce market are Amazon.com, Inc. (U.S.), Alibaba Group Holding Limited (China), eBay Inc. (U.S.), JD.com, Inc. (Jingdong) (China), Rakuten, Inc. (Japan), The Home Depot, Inc. (U.S.), Zalando SE (Germany), Otto GmbH & Co KG (Germany), Priceline.com (U.S.), B2W Digital Company (Brazil), Groupon, Inc. (U.S.), Walmart Inc. (U.S.), Inter IKEA Systems B.V. (Netherlands), Costco Wholesale Corporation (U.S.), Shopify Inc. (Canada), Wayfair Inc. (U.S.), Suning.com Co., Ltd. (Suning Commerce Group Co., Ltd.) (China), Best Buy Co., Inc. (U.S.), and Tesco plc (U.K.).

 

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“Hospital Beds Market”: New Technology and Trend in Healthcare Industry

 

The geriatric population is increasing in most countries. This is expected to increase the number of deaths due to chronic non-communicable diseases, such as high cholesterol, diabetes, arthritis, dementia, cancer, and congestive heart failure. Stroke, cancer, and heart disease are expected to continue to have the greatest impact on the aging population, mainly in developed countries. Additionally, the intensity of obesity and injuries adds to market growth.

 

For instance, according to the United Nations 2022 report, the population aged 65 and above is expected to rise by 16% in 2050 from 10% in 2022. In 2022, there were nearly 771 million individuals aged 65 years or above globally. The older population is expected to reach 994 million in 2030 and about 1.6 billion in 2050. By 2050, the number of individuals aged 65 and above will be more than twice that of children under age 5. It is also projected that the number of people aged 80 or above will triple to 426 million in 2050 from 143 million in 2019. Thus, the rising number of aged populations is expected to increase the burden of chronic diseases, thereby increasing the hospitalization rate. For instance, as per CDC, in September 2022, cardiovascular diseases in the U.S. caused $216 billion in healthcare system costs and resulted in a loss of $147 billion in productivity due to premature death.

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Additionally, the increasing number of hospitals is fuelling the growth of this market. The health status of a country has a significant impact not only on the people and quality of life but also on the nation's economic status. With the rising burden of various diseases, many countries are focusing on increasing the number of healthcare facilities to enhance the quality of healthcare and reduce the treatment burden. As per the data from WHO, it is estimated that a global shortfall of 12.9 million healthcare workers will be witnessed by 2035. Various countries worldwide have taken measures to counter rising diseases and advance medical infrastructure in the country. For instance, the government of India has taken various steps to increase the number of hospitals, including 100% FDI investment in sectors such as hospital construction, insurance, and medical devices, among others. (Source: Reimagining Healthcare in India Through Blended Finance, February 2022 report. Additionally, in November 2022, Ship Healthcare Holdings, Inc. (Japan) partnered with Aichi Medical Group (Bangladesh) to build a 1,000-bed hospital in Dhaka by 2026.

 

Medical beds provide patients with comfort during hospital treatment and enhance treatment outcomes. Awkward posture and improper sleep during the treatment may cause a lot of other medical disorders, such as osteochondritis, radiculitis, arthritis, blood supply disturbance, insomnia, allergy, asthma, and sleep apnea. Decubitus ulcer is a common and serious problem for bed-bound patients. Additionally, painful bed sores, respiratory and circulation issues, contractures, and depression are among the major concerns for bedridden patients. Thus, ergonomic factors such as the design of hospital beds and the environment are duly taken into consideration in the treatment. Thus, the above factors are expected to increase the demand for hospital/medical beds.

 

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Thus, the growing geriatric population, coupled with the rising prevalence of chronic diseases, and the supportive initiatives for the expansion of hospitals are the factors driving the market. According to Meticulous Research®, the global hospital/medical beds market is expected to grow at a CAGR of 6.4% to reach $6.66 billion by 2030.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments that led market participants to adopt over the past three years. The key players profiled in the global hospital/medical beds market are Stryker Corporation (U.S.), Hill-Rom Holding, Inc. (Part of Baxter International Inc.) (U.S.), Invacare Corporation (U.S.), Getinge AB (Sweden), Paramount Bed Holdings Co., Ltd. (Japan), Medline Industries, LP (U.S.), Stiegelmeyer GmbH & Co. KG (Germany), LINET Group SE (Czech Republic), Joerns Healthcare LLC. (U.S.), Drive DeVilbiss Healthcare (U.S.), Savaria Corporation (Canada), Midmark Corporation (U.S.), Amico Corporation (U.S.), Famed Zywiec Sp. z o.o. (Poland), and Malvestio Spa (A Subsidiary of Malvestio Group) (Italy).

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Pharmaceutical Automation Market: Mode of Automation, End User, and Geography

 

According to a new market research report titled, ‘Pharmaceutical Automation Market by Component (Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi-automatic, Fully automatic), End User, and Geography - Global Forecast to 2029,’ the pharmaceutical automation market is projected to reach $18.2 billion by 2029 at a CAGR of 12.0% during the forecast period of 2022-2029.

 

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Increasing adoption of robots in pharmaceutical manufacturing, government initiatives to promote industrial development, rising investments for transforming conventional production facilities, and growing demand for safe and digitized production processes are expected to support the growth of this market during the forecast period.

 

The high initial cost of procuring automation hardware and software is expected to restrain the growth of this market. Furthermore, the growing demand for IIoT in pharmaceutical manufacturing and the huge demand for vaccine manufacturing for COVID-19 are expected to offer significant growth opportunities for players operating in this market. However, the limited availability of skilled laborers and cybersecurity risks associated with automated systems are major challenges for the growth of this market.

 

The Impact of COVID-19 on the Pharmaceutical Automation Market

The outbreak of the COVID-19 pandemic increased the demand for testing and production, resulting in an increased demand for automation solutions. The pharma sector has transitioned from ad hoc automation deployments to implementing robots as an important tool in the global battle against COVID-19. The requirement for robot arms for viral DNA testing has increased due to the COVID-19 pandemic. Furthermore, many pharmaceutical companies have quickly adopted automation and robotics solutions for automated COVID-19 testing.

 

Pharmaceutical companies have effectively utilized the advantages of automation to maintain or increase production without compromising quality or safety. Automation has allowed pharmaceutical companies to ramp up production safely and build production lines faster and in a more scalable way. The COVID-19 pandemic has accelerated pre-existing trends, such as flexible automation, digitalization, batch production, and personalization.

 

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The COVID-19 pandemic propelled the demand for SCARA and collaborative robots for pharmaceutical manufacturing. Collaborative robots have allowed pharmaceutical research companies to automate repetitive tasks, and SCARA robots have enabled pharmaceutical companies to perform high-volume tasks such as COVID-19 sample testing with greater accuracy.

 

The increasing demand for vaccines is expected to increase the adoption of automation for pharmaceutical manufacturing. If the effects of vaccination are short-term due to virus mutations, there will be an increase in robotics adoption as more spending will be catered to automation and robotics by the pharmaceutical industry.

 

The pharmaceutical automation market is segmented based on component (enterprise-level controls [product lifecycle management, enterprise resource planning, manufacturing execution systems], plant instrumentation [motors & drives, robots, sensors, machine vision systems, relays & switches, and other plant instrumentation components], plant-level controls [supervisory control and data acquisition, distributed control systems, programmable logic controllers, other plant-level controls]), mode of automation (semi-automatic, fully-automatic), end user (pharmaceutical industry, biotech industry), and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

 

Based on component, the pharmaceutical automation market is segmented into enterprise-level controls, plant instrumentation, and plant-level controls. In 2022, the enterprise-level controls segment is estimated to account for the largest share of the pharmaceutical automation market. The large market share of this segment is attributed to the benefits of implementing product lifecycle management, enterprise resource planning, and manufacturing execution systems solutions at the enterprise level. Manufacturing execution systems solutions integrated with process control systems enable pharmaceutical manufacturers to increase productivity and efficiency at a lower cost and significantly reduce the time-to-market of new products. Furthermore, these systems enable organizations to maintain and manage records of their lifecycle, resulting in cost savings. However, the plant instrumentation segment is expected to witness a significant growth rate during the forecast period.

 

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Based on mode of automation, the pharmaceutical automation market is segmented into semi-automatic and fully-automatic systems. In 2022, the semi-automatic segment is expected to account for the largest share of the pharmaceutical automation market. However, the fully-automatic segment is expected to register a higher CAGR during the forecast period. The rapid growth of this segment is attributed to the increasing installation of complete automation solutions in end-use industries such as chemicals & materials, metals & mining, oil & gas, and paper & pulp. Fully-automatic solutions aid the companies in these industries to efficiently manage activities on-site and in offices.

 

Based on the end user, the pharmaceutical automation market is segmented into pharmaceutical industry and biotech industry. In 2022, the pharmaceutical industry segment is expected to account for the largest share of the pharmaceutical automation market. The large market share of this segment is attributed to the rapid adoption of continuous improvement process (CIP) to improve production flexibility and efficiency and reduce wastage. Furthermore, prominent technology players such as Microsoft, IBM, and Google are engaged in developing automation and cloud solutions for the pharmaceutical and healthcare industry to close security gaps and protect healthcare and pharmaceutical production networks from external attacks.

 

Based on geography, Asia-Pacific is expected to account for the largest share of the pharmaceutical automation market, followed by Europe and North America. Asia-Pacific’s large market share is attributed to high technical awareness regarding the usage of robotics in China, Japan, and Singapore. The Asian pharmaceutical manufacturing sector has robust production capabilities, which further fuels the demand for pharmaceutical automation solutions in Asia-Pacific.

 

The major players operating in the pharmaceutical automation market include ABB Group (Switzerland), Rockwell Automation (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric (U.S.), Fanuc (Japan), Honeywell International (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), and Fuji Electric Co., Ltd. (Japan).

 

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X-ray Detectors Market Worth $4.3 Billion by 2029

 

According to a new market research report titled, ‘X-ray Detectors Market by Product Type (FPD, CSI, GADOX, CR, CCD), FOV (Large, Medium, Small), Portability (Portable, Fix), System (New, Retrofit), and Application [Medical (Mammogram, Spine), Dental, Security, Industrial, Veterinary] - Forecast to 2029’, published by Meticulous Research®, the global X-ray detectors market is expected to register a CAGR of 6% during the forecast period 2022–2029 to reach $4.3 billion by 2029.

 

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X-ray detectors are used to detect primary and secondary X-ray radiation and analyze the spatial distribution, spectrum, flux, and several other properties of X-rays. The X-ray detectors are used in X-ray systems with wide applications in the medical, industrial, dental, veterinary, and security industries. The growing adoption of digital X-ray detectors, rising demand for X-ray imaging in industrial and security markets, growing geriatric population coupled with rising prevalence of chronic diseases & respiratory infections, and increasing utilization of X-ray detectors for early diagnosis & clinical applications are considered to have a positive impact on the X-ray detectors market. `

X-ray Detectors Market: Outlook

 

The global X-ray detectors market is segmented by product type (flat panel detectors, computed radiography (CR) detectors, charge-coupled device (CCD) detectors, and line-scan detectors), application (medical applications, dental applications, security applications, industrial applications, and veterinary applications), and Geography (North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses their market share at global and regional levels.

 

Based on product type, the flat panel detectors (FPD) segment is expected to register the highest CAGR during the forecast period. Flat panel detectors are used in digital radiography (DR) for the conversion of X-rays to light (indirect conversion) or charge (direct conversion), which is then interpreted using a thin film transistor (TFT) array. FPD are used for medical imaging (CT, X-ray, mammography) and in several extraoral imaging devices.

 

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Based on application, in 2022, the medical applications segment is expected to account for the largest share of the X-ray detectors market. The large market share of this segment is attributed to the wide utilization of X-ray detectors in the healthcare sector due to easy availability, low cost, and increased performance for imaging internal body parts to diagnose & treat fractures, abnormalities, or diseases. However, the security segment is expected to register the highest CAGR during the forecast period. X-ray detectors are used for various security applications such as air cargo screening, baggage screening, mail & parcel screening, vehicle screening, port & border protection, and personnel screening (body scanning). X-ray screening systems are used in airports to ensure public safety and prevent lethal attacks and entry of people carrying weapons or illegal items. The growing volume of passengers is expected to increase the demand for security X-ray screening systems.

 

Based on Geography, in 2022, North America is expected to account for the largest share of the X-ray detectors market. The large market share of this segment is primarily attributed to advancements in the healthcare industry coupled with higher healthcare expenditure and adoption of innovative science & technology, favorable reimbursement scenarios, higher prevalence of chronic diseases and rising geriatric population, and the presence of leading players in the region.

 

Some of the key companies operating in the global X-ray detectors Market are Varex Imaging Corporation (U.S.), Trixell (France), Canon Inc. (Japan), Agfa-Gevaert NV (Belgium), Teledyne Technologies Incorporated (U.S.), Carestream Health, Inc. (U.S.), Konica Minolta, Inc. (Japan), Rayence (U.S.), Vieworks Co., Ltd (South Korea), Hamamatsu Photonics K.K. (Japan), iRay Technology (China), CareRay Medical Systems Co. (China), Analogic Corporation (U.S.), and FUJIFILM Holdings Corporation (Japan).

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Industrial Control Systems Security Market 2030: Security Type and Industrial Growth

 According to a new market research report titled, ‘Industrial Control Systems Security Market by Offering, Security Type (Network Security, Cloud Security), Organization Size, Application (Identity & Access Management, Firewalls), and End-use Industry (Energy & Utilities, FMCG) - Global Forecast to 2030,’ the industrial control systems security market is projected to reach $30.2 billion by 2030, at a CAGR of 10.1% during the forecast period 2023–2030.

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Industrial control systems (ICS) are digital devices used for industrial process control. These systems are used for controlling and monitoring industrial processes. ICS security is an area of concern for organizations for safekeeping and securing control systems from cyber-attacks. This involves safeguarding industrial control systems, the integrated hardware and software designed to monitor and control the operational process, and associated devices in industrial environments.

The significance of ICS security is growing in the industrial sector due to increasing cyber-attacks on operational processes to cause harm to critical production systems. Several organizations are increasingly implementing cybersecurity solutions & services to understand and reuse threat patterns and identify new threats. They provide wider security solutions and simplify cyber-attack recognition and acknowledgment procedures. Thus, there is an increasing demand for ICS security solutions in the industrial sector.

Based on offering, in 2023, the services segment is expected to account for the largest share of the industrial control systems security market. The large market share of this segment is attributed to the rising demand for cybersecurity services in the industrial sector and the growing need to improve business processes by protecting networks against unauthorized access and securing device connectivity. However, the software segment is projected to register the highest CAGR during the forecast period.

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Based on security type, in 2023, the network security segment is expected to account for the largest share of the industrial control systems security market. The large market share of this segment is attributed to the rising adoption of network services, growing data security & privacy concerns, and the increasing demand for network security software solutions due to the growth in malware attacks. However, the cloud security segment is expected to record the highest CAGR during the forecast period. The growth of this segment is driven by increasing demand for malware scanning and identity access management among industrial organizations and the rising adoption of cloud-based models in ICS environments.

Based on organization size, in 2023, the large enterprises segment is expected to account for the larger share of the industrial control systems security market. The large enterprises segment is expected to continue its dominance in the industrial control systems security market in the coming years due to the strong IT-OT infrastructure of large enterprises and the availability of skilled IT-OT personnel to manage ICS security platforms. Furthermore, large enterprises have a stable financial backup, which allows them to easily procure customized ICS security solutions. However, the small and medium-sized enterprises segment is expected to record the highest CAGR during the forecast period.

Based on application, in 2023, the identity & access management segment is expected to account for the largest share of the industrial control systems security market. The large market share of this segment is attributed to the rapid increase in industrial control systems in the manufacturing sector and the growing demand for IAM solutions due to rising security concerns in the industrial sector. However, the risk & compliance management segment is projected to register the highest CAGR during the forecast period.

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Based on end-use industry, in 2023, the energy & utilities management segment is expected to account for the largest share of the industrial control systems security market. The large market share of this segment is attributed to the proliferation of connected devices and the increasing incorporation of advanced technologies in the energy & utilities sector. However, the FMCG segment is slated to register the highest CAGR during the forecast period. The growth of this segment is driven by the adoption of advanced technologies in the FMCG market due to frequent changes in consumer preferences and increasing data breaches in FMCG companies.

Based on geography, in 2023, North America is expected to account for the largest share of the industrial control systems security market. The large market share of this segment is attributed to increasing government initiatives, rising cyberattacks in the industrial sector, and growing advanced technologies in the region. However, Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this market is attributed to the advent of Industry 4.0 and increasing cyberattacks in the industrial sector.

The key players operating in the industrial control systems security market are Fortinet, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Juniper Networks, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), IBM Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), ABB Ltd (Switzerland), Honeywell International, Inc. (U.S.), Schneider Electric SE (France), BAE Systems plc (U.K.), Applied Risk (Netherlands), Verve Industrial Protection (U.S.), CrowdStrike Holdings, Inc. (U.S.), Sophos Ltd. (U.K.), Claroty Ltd. (U.S.), Imperva, Inc. (U.S.), Trend Micro Incorporated (Japan), Darktrace Holdings Limited. (U.K.), Cyberbit Ltd (Israel), AO Kaspersky Lab (Russia), Radiflow LTD (Israel), Positive Technologies (Russia), and Airbus SE (Netherlands).

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“Geospatial Solutions Market”: Solutions based on Map Platform ...

 

According to a new market research report titled, ‘Geospatial Solutions Market by Offering, Application, Organization Size, Deployment Mode, End-use Industries (Natural Resources; Security & Defence; 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.

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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, modelling, 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 & defence. 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.

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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.

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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.).

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“Real-world Evidence (RWE) Solutions” is Transforming Healthcare

 

According to a new market research report titled, “Real-World Evidence Solutions Market by Component (Datasets [Clinical, Claims, Pharmacy, Integrated], Services), Application (Market Access, Oncology, Neurology, Post Market Surveillance), End User (Pharma Companies, Providers) - Forecast to 2029”, published by Meticulous Research^®, the RWE solutions market is expected to grow at a CAGR of 11.8% from 2022–2029 to reach $4.9 billion by 2029.

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Real-world evidence (RWE) is clinical evidence gathered via RWD analysis on the use and potential benefits or risks of a medical product. RWE can be produced through various study designs or analyses, including but not limited to randomized trials, large simple trials, pragmatic trials, and observational studies (prospective or retrospective). RWE has several applications, including drug development life cycles, shortening development timelines, reducing the costs of clinical trials, and improving the probability of technical and regulatory success. The growth of this market is driven by key factors such as the rapid growth of large data in healthcare, the shift from volume to value-based care, and the rising focus towards personalized healthcare.

RWE Solutions Market: Outlook

The RWE solutions market is segmented by component (datasets and consulting services), application (market access & reimbursement/coverage decisions, drug development & approvals, post market surveillance, medical device development & approvals, and other applications), end user (pharmaceutical, biotechnology, and medical device companies, healthcare payers, healthcare providers, and other end users) and Geography (North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes their market shares at the global and regional levels.

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Based on component, the datasets segment is estimated to account for the largest share of the RWE solutions market in 2022. The large market share of this segment is attributed to the increasing need for additional insights on epidemiology, compliance, adherence, and costs in a realistic environment, the growing amount of medical data generated in hospitals, increasing dependence of outcome-based studies on real-world data, and rising demand for information regarding drug safety among payers, regulatory bodies, and providers. However, the consulting services segment is expected to witness the fastest growth rate during the forecast period. Real-world evidence consulting service providers make use of robust real-world datasets generated by conducting prospective/observational studies to offer customized consulting services to generate fit-for-purpose data and insights for their stakeholders instead of providing terabytes of data.

Based on application, the market access & reimbursement/coverage decisions segment is estimated to account for the largest share of the RWE solutions market in 2022. However, the drug development & approvals segment is expected to witness the fastest growth rate during the forecast period. Factors attributing to the growth of this segment include increasing demand for real-world data and real-world evidence to accelerate drug discovery and development and increasing investments by biopharmaceutical companies in R&D. In the field of drug development, quality-of-life metrics and Patient-reported Outcome Measures (PROMs) are now becoming common elements in clinical trials. The evidence generated from real-world data is regularly utilized to inform aspects of drug development. The role of RWE in drug development is expanding as RWE studies are significantly less costly and time-consuming than RCTs, providing easier access to long-term effectiveness data and helping overcome some of the feasibility barriers of running RCTs.

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Based on end user, the pharmaceutical, biotechnology, & medical device companies’ segment is expected to witness the fastest growth rate during the forecast period. Rising pharmaceutical R&D spending is the major factor attributed to the growth of this segment. The cost of developing a new drug was more than $2,600 million in 2020 compared to $802 million in 2003. This increase in drug development costs reflects various technical, regulatory, and economic challenges pharmaceutical R&D pipelines face. The global R&D spending in 2021 surged by 7.0% ($212 billion) compared to 2020. Real-world evidence helps in understanding real-life clinical practices and actual health outcomes of drugs. It also helps generate broader scientific evidence and commercial insights, valuable for the pharmaceutical industry.

Geographically, North America is expected to command the largest share of the RWE solutions market in 2022. The large market share of this region is mainly attributed to the increasing prevalence of chronic diseases, stringent regulations for drug approvals, implementation of the 21st Century Cures Act, availability of electronic datasets, advancements in the healthcare industry, and rising big data in healthcare sectors. The adoption of EHRs in the hospitals and patient registries is boosting the RWE solutions market in North America. The basic EHR adoption had increased since 2010 in the U.S. from 27.9% in 2010 to nearly 86% in 2017. As of 2022, 94% of the hospitals in the US are in the process of adopting EHRs.

This research report analyzes major geographies and provides comprehensive analysis for North America (U.S., Canada), Asia-Pacific (Japan, China, India, Australia, and RoAPAC), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Latin America, and the Middle East & Africa.

Key companies operating in the global RWE solutions market are IQVIA Holdings Inc. (U.S.), ICON plc (Ireland), PPD, Inc. (U.S.), SYNEOS HEALTH, INC. (U.S.), CLARIVATE PLC (U.S.), Medpace Holdings Inc. (U.S.), Symphony Innovation, LLC (U.S.), Clinigen Group plc (U.K.), Cognizant Technology Solutions Corporation (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), PAREXEL International Corporation (U.S.), PerkinElmer, Inc. (U.S.), SAS Institute Inc. (U.S.), UnitedHealth Group Incorporated (U.S.), and Flatiron Health (U.S.).

Here are the top 10 companies operating in the Real-World Evidence Solutions Market @ https://meticulousblog.org/top-10-companies-in-real-world-evidence-solutions-market/?utm_source=pr&utm_medium=social&utm_campaign=product&utm_content=08-12-2023

Related Report:

Ø  RWE Oncology Market by Component (Datasets [EHR, Claims, Cancer Registries], Consulting & Analytics Services), Application (Drug Development, Approval, Market Access, Post Market Surveillance), End User (Pharma, Payer, Provider) - Global Forecast to 2029

Here are the top 10 companies operating in the RWE Oncology Market  >>>  https://meticulousblog.org/top-10-companies-in-rwe-oncology-market/?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=08-12-2023

 

Ø  U.S. Real-World Evidence (RWE) Solutions Market by Component [Datasets (Clinical, Claims, Pharmacy, Integrated), Services], Application (Market Access, Oncology, Neurology, Post Market Surveillance), End User (Pharma Companies, Providers) - Forecast to 2029

Here are the top 10 companies operating in the U.S. Real-World Evidence (RWE) Solutions Market >> https://meticulousblog.org/top-10-companies-in-u-s-real-world-evidence-solutions-market/?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=08-12-2023

Alternative Protein Market to be Worth $40.7 Billion by 2030

 Meticulous Research^®—a leading global market research company, published a research report titled, ‘Alternative Protein Market by Type (Plant protein [Soy, Wheat, Pea, Canola, Rice, Potato], Insect protein [Crickets, BSF], Microbial protein [Algae, Fungal]), Application (Food & Beverage, Animal Feed, Nutraceuticals), and Geography - Global Forecast to 2030’

According to this latest publication from Meticulous Research^®, the alternative protein market is projected to reach $40.7 billion by 2030, at a CAGR of 13% from 2023–2030. The growth of the alternative protein market is mainly driven by rapid urbanization and growing consumer aspirations, increasing venture investments in the alternative protein industry, innovations in food technologies, the high nutritional value of edible insects, and the environmental sustainability of alternative protein production and consumption. However, the higher costs of alternative protein compared to conventional protein and consumers’ high preference for animal-based products restrain the growth of this market. Furthermore, consumers’ increasing inclination toward plant-based foods is expected to generate growth opportunities for the players operating in the alternative protein market.

Key Players

The key players operating in the global alternative protein market are Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Roquette Frères (France), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), International Flavors & Fragrances, Inc. (IFF) (U.S.), Now Health Group, Inc. (U.S.), Tate & Lyle Plc (U.K.), Axiom Foods Inc. (U.S.), Burcon NutraScience Corporation (Canada), BENEO GmbH (A Part of Südzucker AG) (Germany), Glanbia Plc (Ireland), Sotexpro (France), Farbest-Tallman Foods Corporation (U.S.), CHS Inc. (U.S.), Ÿnsect (SAS) (France), Enterra Feed Corporation (Canada), Protix B.V. (Netherlands), Entomo Farms (Canada), Global Bugs Asia Co., Ltd. (Thailand), Aspire Food Group (U.S.), EnviroFlight, LLC (U.S.), Haocheng Mealworm Inc. (China), JR Unique Foods Ltd. (Thailand), Armstrong Cricket Farm Georgia (U.S.), Rocky Mountain Micro Ranch (U.S.), Cricket Lab Limited (U.K.), DIC Corporation (Japan), Cellena Inc. (U.S.), Taiwan Chlorella Manufacturing Company (Taiwan), Cyanotech Corporation (U.S.), Bluebiotech International GmbH (Germany), Pond Technologies Holdings Inc. (Canada), E.I.D.-Parry (India) Limited (India), Tianjin Norland Biotech Co., Ltd. (China), MycoTechnology Inc. (U.S.), Enough. (U.K.), Corbion NV (Netherlands), Sun Chlorella Corporation (Japan), Plantible Foods, Inc. (U.S.), Parabel Nutritional, Inc. (U.S.), Far East Bio-Tec Co., Ltd. (Taiwan), Far East Microalgae Industries, Co. Ltd. (Taiwan), Roquette Klötze Gmbh & Co. Kg (Germany), Yaeyama Shokusan Co., Ltd. (Japan), Unibio Group (Denmark), String Bio (India), Calysta, Inc. (U.S.), Angel Yeast Co., Ltd (China), and Lesaffre (France).

TOP 10 COMPANIES IN ALTERNATIVE PROTEIN MARKET https://meticulousblog.org/top-10-companies-in-alternative-protein-market/?utm_source=pr&utm_medium=social&utm_campaign=product&utm_content=07-12-2023

The alternative protein market study presents historical market data in terms of value & volume (2021 and 2022), estimated current data (2023), and forecasts for 2030. This market is segmented by type, application, and geography.

Based on type, the alternative protein market is segmented into plant protein, insect protein, and microbial protein. In 2023, the plant protein segment is expected to account for the largest share of the alternative protein market. However, the insect protein segment is expected to grow at the highest CAGR during the forecast period of 2023–2030. The high growth rate of this segment is mainly driven by the growing demand for environmentally friendly protein-rich food and the rising investments in edible insect farming.

Based on application, the plant protein market is segmented into food & beverage, animal feed, nutrition & health supplements, pharmaceuticals, and other plant protein-based applications. In 2023, the food & beverage segment is expected to account for the largest share of the global plant protein market. The large market share of this segment is mainly attributed to increasing consumer preference for plant-based foods and ingredients, the growing awareness and demand for protein-rich food products, the versatile functionality and compatibility of plant-based protein with vegetarian and vegan lifestyles, and the rise of clean-label trends. However, the nutrition & health supplements segment is expected to record a CAGR during the forecast period. The growth of this segment is mainly attributed to changing lifestyles, growing health & wellness trends, and the increasing prevalence of diseases.

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Based on region, the alternative protein market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the global alternative protein market. The prominent position of North America in the alternative protein market is attributed to the increasing focus on producing protein using sustainable methods due to the rising environmental concerns and ethical aspects associated with animal protein, the increasing vegan population, the rising number of investments in alternative protein products, the increasing demand for healthy & nutritional products, and technological advancements in the food industry.

Key Questions Answered in the Report:

·  What is the current revenue generated by alternative protein globally?

·  At what rate is the global alternative protein demand projected to grow for the next 5–7 years?

·  What are the historical market sizes and growth rates of the global alternative protein market?

·  What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?

·  Which segments in terms of type and application are expected to create major traction for the manufacturers in this market?

·  What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global alternative protein market?

·  Who are the major players in the global alternative protein market? What are their specific product offerings in this market?

·  What are the recent strategic developments in the global alternative protein market? What are the impacts of these strategic developments on the market?

 

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Related Report:

Ø  Plant-based Protein Market by Type (Soy Protein, Wheat Protein, Pea Protein, Potato Protein, Rice Protein, Corn Protein), Crop Type (GMO), Source Process (Organic), Application (Food and Beverages, Animal Feed, Nutritional Supplements) - Global Forecast to 2028 >> https://www.meticulousresearch.com/product/plant-based-protein-market-5031/?utm_source=pr&utm_medium=social&utm_campaign=product&utm_content=07-12-2023

 

Plant-based Milk Market by Type (Almond Milk, Soy Milk, Coconut Milk, Oat Milk, Rice Milk), Formulation (Unflavored, Flavored), Distribution Channel (B2B, B2C [Modern Groceries, Convenience Store, Specialty Store, Online Retail]) - Global Forecast to 2030 >> https://www.meticulousresearch.com/product/plant-based-milk-market-5304?utm_source=pr&utm_medium=social&utm_campaign=product&utm_content=07-12-2023