Archimedean Screw Pumps Market to Be Worth $274.2 Million by 2030

 

Meticulous Research®—leading global market research company, published a research report titled, ‘Archimedean Screw Pumps Market by Type (Enclosed Screw Pumps, Open Screw Pumps), Application (Sewage Treatment, Irrigation, Industrial Applications, Stormwater Management, Drainage, and Power Generation), and Geography - Global Forecast to 2030.’

 

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According to this latest publication from Meticulous Research®, the archimedean screw pumps market is projected to reach $274.2 million by 2030, at a CAGR of 2.7% from 2023–2030. The growth of the Archimedean screw pumps market is driven by the growing adoption of Archimedean screw pumps in industrial applications and the increasing utilization of Archimedean screw pumps in sewage treatment. However, the high installation, maintenance, and operating costs restrain the growth of this market. Furthermore, the growing demand for Archimedean screw pumps in stormwater management and power generation is expected to generate growth opportunities for the players in this market. However, the high-cost burden of Archimedean screw pumps for small-scale businesses is a major challenge for market growth. Growing demand for renewable energy and technological advancements in Archimedean screw pumps are the latest trends in the Archimedean screw pumps market.

 

The Archimedean screw pumps market is segmented by type (open screw pumps [concrete troughs and steel trough liners] and enclosed screw pumps), application (sewage treatment, irrigation, power generation, stormwater management, drainage, industrial applications, and other applications). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

 

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Based on type, the global Archimedean screw pumps market is segmented into enclosed screw pumps and open screw pumps. In 2023, the open screw pumps segment is expected to account for the larger share of the global Archimedean screw pumps market. The large market share of this segment is attributed to the increasing adoption of open screw pumps for their higher pumping capacities, high efficiency, and minimal maintenance for the moving parts.

 

Also, the open screw pumps segment is projected to register a higher CAGR during the forecast period due to the benefits offered by this segment, such as variable pumping capacity without the need for unique controls and non-clogging and requiring no pre-screening are expected to support the growth of this segment.

 

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Based on application, the global Archimedean screw pumps market is segmented into sewage treatment, irrigation, industrial applications, power generation, stormwater management, drainage, and other applications. In 2023, the sewage treatment segment is expected to account for the largest share of the global Archimedean screw pumps market. The large market share of this segment is attributed to the increasing demand for Archimedean screw pumps due to their simple design, maintenance, and operation and the rising adoption of pumps to lift large quantities of sewage.

 

Also, the sewage treatment segment is projected to register a higher CAGR during the forecast period. The benefits offered by the sewage treatment segment are handling a wide range of flow rates and making them suitable for transporting varying volumes of wastewater, handling liquids with high solid content, such as raw sewage, without clogging easily, and consuming a relatively low amount of energy compared to other types of pumps are expected to support the growth of this segment.

 

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Based on geography, the Archimedean screw pumps market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global Archimedean screw pumps market. Asia-Pacific’s significant market share is attributed to the increasing water and wastewater discharge regulations, growing demand for sustainable water management practices, increasing need for pumping solutions for hydropower generation, and increasing installations of Archimedean screw pumps in China, Japan, India, and South Korea.

 

Also, this region is projected to register the highest CAGR during the forecast period. The growth of this market is driven by the need for Archimedean screw pumps in industrial wastewater treatment plants, increasing installations of Archimedean screw pumps for agricultural irrigation, rising emphasis by governments in the region on the development of custom Archimedean screw pumps and sustainable water management practices, and growing industrialization across the region.

 

Key Players

 

The key players operating in the Archimedean screw pumps market are Spaans Babcock BV (Netherlands), WAMGROUP S.p.A. (Italy), Jash Engineering Limited (India), Landustrie Sneek BV (Netherlands), KUHN GmbH Technische Anlagen (Germany), Lakeside Equipment Corporation (U.S.), Adasfa Sdn. Bhd. (Malaysia), Lektratek Water Technology (South Africa), PRO-Equipment, Inc. (U.S.), and Parkson Corporation (U.S.).

 

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Meticulous Research® Unveils Exclusive Report Forecasting the “Industrial Asset Management Market” to Surpass $14.4 Billion by 2029

 

Meticulous Research®, a renowned global market research company, has released an exclusive report titled, ‘Industrial Asset Management Market by Offering, Deployment Mode, Asset Type, and End-use Industry (Food & Beverage, Pharmaceuticals, Biotechnology, Medical Devices, and Other Industries), and Geography—Global Forecast to 2029.’ The comprehensive report predicts that the global industrial asset management market is poised to achieve a valuation of $14.4 billion by 2029, showcasing a remarkable Compound Annual Growth Rate (CAGR) of 12.2% from 2022 to 2029.

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Industrial Asset Management: Navigating Efficiency and Planning for Future Needs

Industrial Asset Management (IAM) is a sophisticated system designed for tracking and maintaining industrial assets, including machines, tools, and equipment. Deployed in manufacturing and various industrial settings, IAM assists companies in asset management, enabling them to plan for future needs and efficiently meet customer demands. By employing IAM solutions, manufacturing companies can enhance operational efficiency, reduce maintenance costs, and streamline asset-related processes.

Market Dynamics and Growth Factors

The market's growth is attributed to the advantages offered by cloud based IAM solutions and the escalating demand for real-time monitoring of industrial assets. However, concerns surrounding data security and confidentiality act as growth inhibitors. The integration of advanced technologies such as artificial intelligence, machine learning, and 5G, along with the increasing adoption of IAM solutions in the pharmaceutical sector, present significant growth opportunities. Challenges include the lack of infrastructure and IT capabilities. Additionally, the report highlights the rising trend of integrating predictive analytics as a major trend in the IAM market.

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Technological Advancements Shaping the Future

The integration of artificial intelligence, machine learning, and 5G technologies is identified as a key driver for industrial asset management market growth. The ongoing digitization across verticals is creating new opportunities for organizations to optimize and extend asset lifecycles. Technologies like AI, ML, NLP, big data analytics, 5G, IoT, and cloud computing are transforming the IAM landscape, improving operational support, automation, and client servicing.

Segmentation Insights

The global industrial asset management market is segmented based on offering (solutions, services), deployment mode (on-premises, cloud-based), asset type (conventional assets, automation assets), and end-use industry (food & beverage, chemicals, automotive manufacturing, pharmaceuticals, biotechnology, medical devices, metal & mining, energy & power, aerospace & defense, electronics & semiconductors, and other industries).

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Key Highlights:

1.            Offering: In 2022, the solutions segment accounted for the larger market share, driven by the increasing demand for cloud-based IAM solutions, cost reduction initiatives, and the need for a comprehensive 360-degree view of assets. The solutions segment is projected to register the highest CAGR during the forecast period.

2.            Asset Type: The automation assets segment dominated the market in 2022, attributed to the growing demand for efficient inventory tracking, centralized vendor management, and reduced maintenance costs. This segment is expected to register the highest CAGR during the forecast period.

3.            Deployment Mode: In 2022, the on-premises deployment segment held the larger market share due to higher data security and privacy. However, the cloud-based deployment segment is expected to witness the highest CAGR during the forecast period.

4.            End-use Industry: The pharmaceuticals segment is projected to register the highest CAGR, driven by the increasing need for real-time asset visibility, equipment maintenance optimization, and FDA compliance in drug development.

5.            Geography: Asia-Pacific accounted for the largest market share in 2022, with significant contributions from prominent players and a surge in demand for cost-effective IAM solutions. The region is projected to register the highest CAGR during the forecast period, driven by infrastructural growth, especially in China, South Korea, Japan, and India.

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Scope of the Report

The report provides an in-depth analysis of the industrial asset management market, covering offerings, deployment modes, asset types, end-use industries, and geographic regions. It evaluates industry competitors and analyzes the market at the regional and country levels.

 

Key Players and Future Outlook

The key players operating in the global industrial asset management market include ABB Ltd, Siemens AG, Schneider Electric SE, Emerson Electric Co., Endress+Hauser Group Services AG, General Electric, Honeywell International Inc., Rockwell Automation, Inc., SKF Group, and Yokogawa Electric Corporation.

 

TOP 10 COMPANIES IN INDUSTRIAL ASSET MANAGEMENT MARKET >> https://meticulousblog.org/top-10-companies-in-industrial-asset-management-market/

Live Streaming Market: Application and Trend

 

Meticulous Research®– a leading global market research company published a research report titled “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.”

 

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According to this latest publication from Meticulous Research®, the live streaming market is expected to grow at a CAGR of 22.4% to reach $4.26 billion by 2028. The growth of the market is majorly attributed to the surging popularity of e-sports and video games, growing preference for live streaming over social posts, increasing adoption of smartphones coupled with faster internet, and increasing need for live streaming technology for better brand engagement.

 

In addition, the growing need for optimizing network bandwidth and increasing consumer base for live streaming content are expected to offer significant growth opportunities for players operating the live streaming market. Apart from this, incorporating advanced technologies in the digital media industry is the new trend in the live streaming market. However, fake traffic on live-streaming sites, connectivity, and production issues can obstruct the growth of this market to some extent.

 

The market is segmented on component, offering model, streaming type, vertical, and geography. The study also evaluates industry competitors and analyses the market at the country level.

 

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Based on component, the live streaming market is segmented into platforms and services. Among these, the services segment is estimated to account for the largest share of the overall live streaming market in 2021. The large share of the segment is mainly attributed to the rising demand for ensuring seamless delivery of content, need for professional post-production support to help deliver content based on client specifications and provide a personalized experience to viewers, increasing need for testing and confirmation of successful live streaming, and surging demand for video production, advertising, customer support, content creation services, and subscription services.

 

Based on offering model, the live streaming market is segmented into business-to-business (B2B) and business-to-consumer (B2C). In 2021, the B2C segment is estimated to account for the largest share of the overall live streaming market. The large share of the segment is mainly attributed to the increasing need for transmission of live content on the Internet for better brand engagement and the growing adoption of smart devices coupled with faster internet penetration.

 

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Based on streaming type, the live streaming market is segmented into audio, video, and game streaming. In 2021, the video streaming segment is estimated to account for the largest share of the overall live streaming market. The large share of the segment is mainly attributed to the rising customer online data consumption & evolving surfing behavior, growing use of influencers to drive new applications & attract new customers for branding & marketing, growing adoption of cloud-based solutions to increase the reach of live video content, and growing popularity of social media platforms & other digital mediums.

 

Based on vertical, the live streaming market is segmented into media & entertainment, enterprises, education & e-learning industry, sports & game industry, government, fitness industry, religious organizations, and other verticals (retail, BFSI, & healthcare). Among these, the media & entertainment sector is estimated to account for the largest share and highest CAGR of the overall live streaming market in 2021. The large share of the segment is mainly attributed to the growing popularity of online live video streaming in the media & entertainment industry, rising technological advancements, growing adoption of cloud-based video streaming solutions, and the growing use of AI for increasing the reach of video content, improve video quality, and provide security.

 

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Geographically, the live streaming market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is estimated to account for the largest share of the global live streaming market in 2021. The large share of this segment is mainly attributed to the rising focus on digitalization with technological advancements, including cloud computing, AI, & 5G technology in the digital media industry, increasing consumer base for live streaming content in industry verticals, including education & e-learning, increasing adoption of smartphones coupled with high internet penetration, and surging adoption of live-streaming platforms for better brand engagement.

 

The key players operating in the global live streaming market are Flux Broadcast (U.K.), Facebook Inc. (Instagram) (U.S.), Dacast (U.S.), Twitch Interactive, Inc. (U.S.), IBM Corporation (U.S.), Huya Inc. (China), Stream Hatchet SLU (Spain), Empire Video Productions, LLC (U.S.), Afreecatv Corp. (South Korea), Streamshark (Australia), Dailymotion (France), Vimeo, Inc. (U.S.), TikTok (U.S.), EventStreaming.TV (WaveFX Ltd.) (U.K.), Pluto Inc. (U.S.), Boxcast (U.S.), VosCast (U.S.), Uplynk (U.S.), and Wowza (U.S.), among others.

 

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Speech Analytics Market: Application, and Trend.

 

Meticulous Research®— a leading global market research company, published a research report titled “Speech Analytics Market by Component, Application, Organization Size, Deployment Mode, Industry Vertical (IT & Telecommunications, BFSI, Retail & Consumer Goods, Healthcare & Life Sciences, Business Process Outsourcing) - Global Forecast to 2029’.

 

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According to this latest publication from Meticulous Research®, the global speech analytics market is expected to register a CAGR of 20.1% during the forecast period to reach $14.1 billion by 2029. Factors such as the surge in demand for speech analytics to improve contact center operations, the emergence of speech analytics to enhance fraud detection, and the rising demand for speech-based biometric systems during the COVID-19 pandemic drive the market’s growth. However, data privacy and security concerns due to the pandemic emerged as 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 pose a serious challenge to the growth of the speech analytics market.

 

The global speech analytics market is segmented by component (solutions [call center 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.

 

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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 market share of this segment is attributed to the rising proliferation of speech analytics software in call centers, growing demand for reporting and visualization tools across retail industries, increasing need for customer experience and engagement solutions, growing need to identify customer needs and interests, increasing demand for mitigating compliance & risks, and the increasing need to understand agent performance. Additionally, this segment is expected to register the highest CAGR during the forecast period.

 

Based on application, the 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. In 2022, the sales and marketing management segment is expected to account for the largest share of the global speech analytics market. The large market share of this 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, growing need for identifying cross and upsell opportunities, and the need to promote immediate performance feedback. Additionally, the same segment is expected to register the highest CAGR during the forecast period.

 

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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 market share of this segment is majorly attributed to factors such as growing demand for improved operational efficiency in small customer service environments, growing demand for automating interactions to reduce the burden on human call center operators, 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 market share of this segment is majorly 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 analyze data through cloud platforms, and the growing benefits offered by highly sophisticated cloud-based speech analytics software. Additionally, this segment is expected to register the highest CAGR during the forecast period.

 

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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, other end-use industries. In 2022, the IT & telecommunications segment is expected to account for the largest share of the global speech analytics market. The large market share of this segment is attributed to factors such as 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, growing popularity for solutions to Implement protocols to seize opportunities for cross-selling and upselling in IT & telecom, and a surge in demand by communication service providers (CSPs) to examine their voluminous data and draw actionable insights.

 

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, the rising need to monitor customer calls, derive actionable insights, raise red flags when there are areas of concern, assist during agent QA process, among others, and 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 and expansion of e-commerce platforms and provision of 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 major countries such as Australia, China, and India, the 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.).

 

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Portable Ultrasound Market to be Worth $3.8 Billion by 2031

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Portable Ultrasound Market by Product (POCUS, Handheld Ultrasound, Transducer, Gels), Technology (2D, 3D, 4D, Doppler), Display, Application (Breast Cancer, MSK, OB/GYN, CVD, Urology), End User (Hospitals, ACC, Imaging Center) – Global Forecast to 2031.’

 

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According to this latest publication from Meticulous Research®, the global Portable Ultrasound Market is projected to reach $3.8 billion by 2031, at a CAGR of 7.9% during the forecast period 2024–2031. The growth of the portable ultrasound market is driven by factors such as the growing adoption of portable medical devices in emergency care settings, the proliferation of hospitals, and the increasing demand for handheld ultrasound devices in ambulatory care centers and dialysis centers.

 

The growing preference for portable ultrasound devices over standard ultrasound machines among healthcare professionals and the rising demand from emerging economies are expected to create growth opportunities for players operating in this market. However, factors such as the shortage of skilled professionals, inadequate training programs for healthcare professionals on the use of portable ultrasound devices, reimbursement irregularities, poor image quality, and integration issues of portable ultrasound devices with existing digital health infrastructure pose challenges to the market's growth.

 

Key Players

 

The key players operating in global Portable Ultrasound Market are GE Healthcare Technologies Inc. (U.S.), Siemens Healthineers AG (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Koninklijke Philips N.V., (Netherlands), Samsung Medison Co. Ltd. (A subsidiary of Samsung Electronics Co. Ltd.) (South Korea), FUJIFILM Sonosite, Inc. (A subsidiary of FUJIFILM Holdings Corporation) (U.S.), ALPINION MEDICAL SYSTEMS Co., Ltd. (South Korea), Esaote S.p.A (Italy), EDAN Instruments, Inc. (China), EchoNous, Inc. (U.S.), Butterfly Network, Inc. (U.S.), Konica Minolta, Inc. (Japan), CHISON Medical Technologies Co., Ltd (China), SonoScape Medical Corp. (China), and Healcerion Co., Ltd. (South Korea).

 

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Portable Ultrasound Market: Future Outlook

 

The global Portable Ultrasound Market is segmented by product (Devices [by Portability {Point-of-care (PoC) Ultrasound (Machines and Transducers), Handheld Ultrasound}, by Technology {2D, 3D & 4D, Doppler}, by Display {Black & White (B/W), Colored}], Gels, Accessories), Application ( OB/GYN, Cardiovascular, Urology, Musculoskeletal, Breast Cancer, Other Applications), End User (Hospitals & Clinics, Diagnostic Imaging Centers, Ambulatory Care Centers, Other End Users) and Geography. The study also evaluates industry competitors and analyzes the market at regional and country levels.

 

Based on product, the global portable ultrasound market is segmented into devices, gels, and accessories. In 2024, the devices segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the growing demand for POCUS in emergency departments, increasing preference for ultrasound imaging near patients, the growing prevalence of chronic diseases, and technological advancements in portable ultrasound devices.

 

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Based on portability, the devices segment is further sub-segmented into point-of-care (PoC) ultrasound and handheld ultrasound. The handheld ultrasound segment is expected to register a higher CAGR during the forecast period. This growth is attributed to the development and introduction of new handheld ultrasound devices tailored for specific applications, integration of artificial intelligence (AI) and machine learning, and other technological advancements.

 

Based on application, the global portable ultrasound market is segmented into OB/GYN, cardiovascular, urology, musculoskeletal, breast cancer, and other applications. In 2024, the OB/GYN segment is expected to account for the largest share of the global portable ultrasound market. The large market share of this segment can be attributed to the growing prevalence of conditions related to women’s reproductive health, reduction in global infertility rates, and high incidence & rising awareness regarding early diagnosis and monitoring of PCOD & PCOS.

 

According to data published by the WHO in 2023, Polycystic ovarian syndrome (PCOS) is characterized by an ovary with a follicle count ≥12 and a size of 2 or 3 mm3. This syndrome produces side effects related to women’s overall health, such as abnormal hair growth, weight gain, irregular menstrual cycle, infertility, and depression. Almost 70% of women with PCOS have infertility, and this condition is one of the common reasons for female infertility. PCOS occurs in women during their reproductive years, between 18 and 45 years old.

 

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Based on end user, the global portable ultrasound market is segmented into hospitals & clinics, diagnostic imaging centers, ambulatory care centers, and other end users. In 2024, the hospitals & clinics segment is expected to account for the largest share of the portable ultrasound market. The large market share of this segment is attributed to the increasing hospitalizations due to chronic diseases associated with an aging population, increasing healthcare expenditure, the adoption of advanced imaging modalities in hospitals, preference for low-cost products to control healthcare costs, rising focus on providing point-of-care/bedside service to patients, and the proliferation of healthcare facilities especially in emerging economies.

 

Portable ultrasound systems, including POCUS and handheld ultrasound, can be used near patient areas and do not require patients to visit special medical imaging centers for the diagnosis of various medical conditions. Moreover, getting a bedside medical imaging facility helps healthcare professionals in early diagnosis and treatment planning, driving the adoption of portable ultrasound in hospitals and clinics.

 

Geographic Review

 

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, and the Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa. China is expected to register the highest CAGR during the forecast period (2024-2031). This growth can be attributed to the rising incidence of orthopedic injuries and cancer, the aging demographic, government initiatives aimed at encouraging early disease detection, the widespread adoption of advanced medical technologies, ongoing improvements in healthcare infrastructure, and increasing healthcare spending.

 

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Speech-to-text API Market to be Worth $10 Billion by 2030

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Speech-to-text API Market by Offering (Solutions, Services), Deployment Mode, Organization Size, Application (Transcription, Customer Experience & Analytics, Subtitle & Caption Generation), End User (B2B, B2C, B2G, G2C), Geography - Global Forecast to 2030’.

 

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According to this latest publication from Meticulous Research®, the speech-to-text API market is projected to reach $10 billion by 2030, at a CAGR of 17.3% from 2023 to 2030. The growth of this market is driven by the proliferation of voice-enabled devices, the increasing use of voice & speech technologies for transcription, and technological advancements, coupled with the rising adoption of connected devices. However, speech-to-text API solutions’ lack of accuracy in regional accent & dialect recognition restrains the growth of this market.

 

Innovations in speech-to-text solutions for especially abled people and the development of speech-to-text API solutions for rare & local languages are expected to create growth opportunities for the players operating in this market. However, data security & privacy concerns are a major challenge for market growth. Additionally, the growing demand for voice authentication in mobile banking applications is a prominent trend in the speech-to-text API market.

 

The speech-to-text API market is segmented by offering, deployment mode, organization size, application, and end user. The study also evaluates industry competitors and analyses the regional and country-level markets.

 

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Based on offering, the speech-to-text API market is segmented into solutions and services. In 2023, the solutions segment is expected to account for the larger share of the speech-to-text API market. The large market share of this segment is attributed to the rising adoption of advanced electronic devices, increasing demand for voice-enabled devices, and the growing use of speech technology for transcription. However, this segment is also projected to record the higher CAGR during the forecast period.

 

Based on deployment mode, the speech-to-text API market is segmented into on-premise deployment and cloud-based deployment. In 2023, the cloud-based deployment segment is expected to account for the larger share of the speech-to-text API market. The adoption of cloud computing and storage systems is gaining popularity among small and medium-sized enterprises. Several organizations are gradually transitioning to cloud infrastructure, a trend that is expected to grow in the coming years. These factors contribute to the large market share of this segment.

 

The cloud-based segment is also projected to record the higher CAGR during the forecast period. The benefits offered by cloud infrastructure, such as the ease of adoption, the minimal requirement for in-house infrastructure, high scalability, and easy installation of speech-to-text API solutions, support the growth of this segment.

 

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Based on organization size, the speech-to-text API market is segmented into large enterprises and small & medium-sized enterprises. In 2023, the small and medium-sized enterprises segment is expected to account for the larger share of the speech-to-text API market. The large market share of this segment is attributed to the rising awareness among small and medium-sized enterprises about the significance of speech-to-text API. The small & medium-sized enterprises segment is also projected to register the higher CAGR during the forecast period.

 

Based on application, the speech-to-text API market is segmented into transcription, customer experience & analytics, media & communications monitoring, subtitle & caption generation, consumer electronics command & control, automotive command & control, and other applications. In 2023, the transcription segment is expected to account for the largest share of the speech-to-text API market. The large market share of this segment is attributed to technological advancements, increasing speech and voice technology usability for transcription and the rising adoption of advanced electronic devices. However, the subtitle & caption generation segment is projected to record the highest CAGR during the forecast period.

 

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Based on end user, the speech-to-text API market is segmented into B2B, B2C, B2G and G2C. The B2B segment is further subsegmented into IT & Telecommunications, BFSI, media & entertainment, healthcare, education, and other B2B end users. In 2023, the IT & Telecommunications segment is expected to account for the largest share of the speech-to-text API market. The large market share of this segment is attributed to organizations' rising adoption of speech-to-text solutions in their call centers to analyze business conversations. However, the healthcare segment is projected to record the highest CAGR during the forecast period.

 

Based on geography, the speech-to-text API market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the speech-to-text API market. North America’s major market share is attributed to the rising integration of speech and voice recognition technology in consumer electronics, the easy availability of several voice-enabled smart devices, and the high adoption rate of advanced technologies in the region. However, Asia-Pacific is slated to register the highest CAGR during the forecast period.

 

Key Players:

 

The key players operating in the speech-to-text API market are Google LLC (U.S.), Microsoft Corporation (U.S.), Amazon Web Services, Inc. (U.S.), IBM Corporation (U.S.), Verint Systems Inc. (U.S.), Rev.com, Inc. (U.S.), Twilio Inc. (U.S.), Baidu, Inc. (China), Speechmatics (U.K.), VoiceCloud (U.S.), VoiceBase, Inc. (U.S.), Amberscript Global B.V. (Netherlands), Voci Technologies, Inc. (U.S.), AssemblyAI, Inc. (U.S.), and Vocapia Research SAS (France).

 

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Digital X-ray Systems Market: Technology and Application

 

Meticulous Research®—a leading market research company, published a research report titled, ‘Digital X-ray Systems Market by Product (Fixed [Ceiling, Floor], Portable, Detectors, Software & Services) Technology (Computed, Direct) Application (Orthopedic & Trauma, Breast, Chest & Lung) End User (Hospital, Imaging Center) - Global Forecast to 2030.’

 

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According to this latest publication from Meticulous Research®, the digital X-ray systems market is projected to reach $13.29 billion by 2030, at a CAGR of 7.8% from 2023 to 2030. The growth of this market is driven by the growing burden of chronic diseases, the increasing adoption of teleradiology, and technological advancements leading to a higher preference for digital X-ray systems. However, the high costs of digital X-ray systems are restraining the market’s growth.

 

Furthermore, emerging economies and the increasing integration of Artificial Intelligence (AI) into digital X-ray systems are expected to offer significant market growth opportunities. The lack of skilled professionals poses a major challenge to the market’s growth.

 

The key players profiled in the digital X-ray systems market report are Siemens Healthineers AG (Germany), Koninklijke Philips N.V. (Netherlands), GE HealthCare Technologies Inc. (U.S.), Canon Inc. (Japan), Shimadzu Corporation (Japan), FUJIFILM Holdings Corporation (Japan), Carestream Health, Inc. (U.S.), Agfa-Gevaert NV (Belgium), Hologic, Inc. (U.S.), Konica Minolta, Inc. (Japan), Samsung Medison Co., Ltd. (South Korea), and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China).

 

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The digital X-ray systems market is segmented by Product Type [Fixed Digital X-ray Systems (Ceiling Mounted, Floor Mounted), Portable Digital X-ray Systems, Detectors, Software & Services], Technology [Direct Radiography, Computed Radiography], Application [Orthopedic & Trauma, Breast Imaging, Dental Imaging, Chest & Lung Imaging, and Other Applications], End User [Hospitals & Clinics, Diagnostic Imaging Centers], and geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

 

Based on product type, the digital X-ray systems market is segmented into fixed digital X-ray systems, portable digital X-ray systems, detectors, and software & services. In 2023, the fixed digital X-ray systems segment is expected to account for the largest share of the digital X-ray systems market.

 

The fixed digital X-ray systems segment is further divided into ceiling-mounted and floor-mounted. These systems are widely used in hospitals and diagnostic centers. With the rising number of hospitals and diagnostic imaging centers, the adoption of fixed digital X-ray systems has increased, further contributing to the segment’s large market share.

 

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Based on technology, the digital X-ray systems market is segmented into direct radiography (DR) and computed radiography (CR). In 2023, the direct radiography segment is expected to account for the largest share of the digital X-ray systems market. Direct radiology transfers and displays the images at a faster rate compared to computed radiology. The technology produces high-quality images and has less risk of overexposure to radiation, contributing to the largest share of this segment.

 

Based on application, the digital X-ray systems market is segmented into orthopedic & trauma, breast imaging, dental imaging, chest & lung imaging, and other applications. In 2023, the orthopedic & trauma segment is expected to account for the largest share of the digital X-ray systems market. The rise in orthopedic conditions, the advantages of digital X-ray devices over traditional devices for screening these disorders, technological advancements in modalities, and the increased number of road accidents are the major contributing factors for the segment’s largest share.

 

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Based on end user, the digital X-ray systems market is segmented into hospitals and clinics, and diagnostic imaging centers. In 2023, the hospitals and clinics segment is expected to account for the largest share of the digital X-ray systems market. Hospitals & clinics perform a wide range of diagnoses and surgeries, which include the use of X-rays. The increased hospitalizations due to the rising incidence of diseases, the rise in the geriatric population, and the increase in healthcare settings support the largest share of the market.

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the digital X-ray systems market, followed by Europe and Asia-Pacific. The well-established healthcare system, awareness regarding early disease diagnosis, and higher spending on healthcare are the major factors contributing to the large share of this market.

 

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Revolutionizing Pharmaceuticals: Projected Growth to $18.2 Billion by 2029 in Automation Market

 

Meticulous Research®, a renowned leader in global market research, has unveiled its latest research report titled "Navigating the Future: Pharmaceutical Automation Market Outlook—Component, Mode of Automation, End User, and Geographical Analysis—Global Forecast up to 2029." This comprehensive report delves into the intricacies of the pharmaceutical automation landscape, offering valuable insights into its evolution and growth trajectory.

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According to Meticulous Research®, the pharmaceutical automation market is on track to achieve a valuation of $18.2 billion by 2029, exhibiting a commendable CAGR of 12.0% during the forecast period from 2022 to 2029. The market's ascent is underpinned by various factors, including the proliferation of robots in pharmaceutical manufacturing, government initiatives aimed at fostering industrial progress, increased investments in modernizing conventional production facilities, and the burgeoning demand for secure and digitalized production processes. Additionally, the surge in demand for Industrial Internet of Things (IIoT) solutions in pharmaceutical manufacturing, coupled with the unprecedented demand for vaccine manufacturing amid the COVID-19 pandemic, is poised to unlock significant growth opportunities in this market.

However, challenges such as the substantial initial investment required for procuring automation hardware and software, coupled with the scarcity of skilled labor and cybersecurity vulnerabilities associated with automated systems, may pose impediments to market expansion.

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Key Highlights from the Report:

Segmentation Insights: The pharmaceutical automation market is segmented based on components (enterprise-level controls, plant instrumentation, and plant-level controls), mode of automation (semi-automatic and fully automatic systems), and end users (pharmaceutical and biotech industries), providing stakeholders with a granular understanding of market dynamics.

Component Analysis: In 2022, the enterprise-level controls segment is anticipated to command the largest market share, attributed to the myriad benefits offered by solutions such as product lifecycle management, enterprise resource planning, and manufacturing execution systems. These solutions empower pharmaceutical manufacturers to enhance productivity, efficiency, and time-to-market for new products, thereby driving cost savings.

Mode of Automation: Semi-automatic systems are poised to dominate the market in 2022, owing to their versatility and capability to blend manual and machine-aided assemblies. These systems, which require human intervention at the beginning and end of processes, are instrumental in improving manufacturing processes while retaining operator involvement.

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End-user Landscape: The pharmaceutical industry segment is slated to capture the largest market share in 2022, driven by the widespread adoption of continuous improvement processes to bolster production flexibility, efficiency, and waste reduction. Leading technology players like Microsoft, IBM, and Google are actively developing automation and cloud solutions tailored for the pharmaceutical and healthcare sectors, bolstering industry growth.

Geographical Analysis:

In 2022, Asia-Pacific is poised to emerge as the frontrunner in the pharmaceutical automation market, followed closely by Europe and North America. The dominance of Asia-Pacific can be attributed to heightened technical awareness, particularly in countries like China, Japan, and Singapore, coupled with robust pharmaceutical manufacturing capabilities. For instance, institutions like Thailand's Mahidol University and the Institute of Molecular Biosciences have leveraged advanced robotics solutions to handle samples of viruses and antibodies, minimizing risks to human operators.

Key Market Players:

Leading players driving innovation and growth in the pharmaceutical automation market include ABB Group, Rockwell Automation, Siemens AG, Yaskawa Electric Corporation, Schneider Electric, Yokogawa Electric Corporation, KUKA AG, Emerson Electric, Fanuc, Honeywell International, Mitsubishi Electric Corporation, OMRON Corporation, Advantech Co., Ltd., and Fuji Electric Co., Ltd.

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Plant Breeding Market: Method and Application

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Plant Breeding Market by Method (Conventional, Biotechnological), Trait (Herbicide Tolerance, Disease Resistance), Application (Cereals and Grains, Oilseed & Pulses, Fruits and Vegetables), Geography–Global Forecast to 2029’.

 

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According to this latest publication from Meticulous Research®, the plant breeding market is expected to reach $33.79 billion by 2029, at a CAGR of 14.1% from 2022 to 2029.The increasing awareness about the importance of sustainable crop production, the declining costs of genomic solutions, the growing emphasis on sustainable crop production, and technological advancements in the plant breeding sectors are some of the factors driving the growth of the plant breeding market across the globe. Furthermore, the growing investments from seed companies and the increase in supportive regulations for molecular breeding are expected to offer significant growth opportunities for the stakeholders operating in this market. However, the factors such as the high costs involved in modern breeding techniques compared to conventional breeding techniques and the lack of standard laboratory infrastructure hamper the market’s growth.

 

The plant breeding market is segmented based on method (conventional breeding method [hybridization {pedigree method, bulk method, and other hybridization methods}, selection {mass selection, pure line selection}, mutation breeding], biotechnological breeding method [hybrid breeding, molecular breeding, genetic engineering, and genome editing]), by trait (herbicides tolerance, disease resistance, temperature tolerance, drought resistance, and other traits), by application (cereals & grains [maize/corn, wheat, rice, and other cereals & grains], fruits & vegetables, oilseeds & pulses, turf & ornaments, and other crop types), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses the market at the country level.

 

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Based on method, the plant breeding market is categorized into conventional breeding method and biotechnological breeding method. In 2022, the biotechnological breeding method segment is expected to account for the larger share of the plant breeding market. The large market share of this segment is attributed to the increasing adoption of hybrid and molecular breeding techniques and the increase in the cultivation of GM crops worldwide. Furthermore, the growing demand for crop genetics and the declining costs of genetic procedures in the past decade drive the demand for genetic engineering and genome editing worldwide.

 

Based on traits, the plant breeding market is segmented into herbicide tolerance, disease resistance, temperature tolerance, drought resistance, and other traits. In 2022, the herbicide tolerance segment is expected to account for the largest share of the plant breeding market. The large market share of this segment is attributed to the stringent regulations regarding the use of chemical pesticides and the rising instances of pest attacks during the early germination phase, resulting in an increased need for pesticide-tolerant seeds. Generally, herbicide tolerance has been one of the major traits targeted by plant genetic companies for transgenic and non-transgenic crops. Furthermore, this segment is also slated to register the highest CAGR during the forecast period of 2020–2029. The growth of this segment is attributed to the increasing initiatives by major plant genetic companies to develop herbicide tolerance traits for transgenic and non-transgenic crops. For instance, the Non-transgenic Clearfield herbicide tolerance technology, developed by BASF SE (Germany) and Syngenta AG (Switzerland), is recognized as a groundbreaking innovation in hybrid breeding technology.

 

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Based on application, the plant breeding market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, turf & ornaments, and other crop types. In 2022, the cereals & grains segment is expected to account for the largest share of the plant breeding market. The large market share of this segment is attributed to the increasing demand for cereals & grains from the growing population. Furthermore, the availability of germplasm for these crops encourages the adoption of advanced techniques for crop breeding. The economic importance of corn due to its application in various sectors and the increasing demand for high-quality wheat & rice in the food sector are factors driving the adoption of hybrid breeding technologies among cereals and grain seed producers.

 

Based on geography, the plant breeding 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 plant breeding market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America’s major market share is attributed to the presence of key market players, the increasing investments in R&D activities, and the wide availability of diagnostic imaging laboratories. Furthermore, the adoption rate of genetic modification techniques in the U.S. is high due to the growing industrial value of corn & soybean, encouraging breeders to adopt advanced technologies for better yield. In addition, the large areas under corn & wheat cultivation and the growing demand for GM corn & wheat varieties are driving the growth of the plant breeding market in the U.S.

The key players profiled in the plant breeding market report include Bayer AG (Germany), Syngenta AG (Switzerland), KWS Group (Germany), Corteva Agriscience (U.S.), Limagrain (France), BASF SE (Germany), DLF Seeds A/S (Denmark), Bioceres Crop Solutions (Argentina), UPL Limited (India), Benson Hill, Inc. (U.S.), Equinom Ltd. (Israel), BioConsortia, Inc. (U.S.), Hudson River Biotechnology (Netherlands).

 

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Electric Vehicle Charging Stations Market to be Worth $159.7 Billion by 2030

 

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Electric Vehicle Charging Stations Market by Charging Type (Level 1, Level 2, DC Fast Charging), Connection Type, Component, Mounting Type (Wall, Pedestal, Ceiling), Vehicle Type, End User, and Geography - Global Forecast to 2030.’

 

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According to this latest publication from Meticulous Research®, the global electric vehicle charging stations market is projected to reach $159.7 billion by 2030, at a CAGR of 28.9% during the forecast period. The growth of the electric vehicle charging stations market is driven by government initiatives to promote EV adoption and the development of associated infrastructure, the rising demand for EV fast-charging infrastructure, the growing implementation of vehicle-to-grid charging stations, and the increasing EV deployment by shared mobility operators. However, the high installation costs of EV charging stations restrain the growth of this market.

 

The increasing adoption of electric mobility in emerging economies and the growing deployment of charging stations by retail MNCs are expected to generate growth opportunities for the players operating in this market. However, high electricity tariffs in developing countries are a major challenge to market growth. Additionally, electric vehicle charging stations powered by renewable energy are a prominent trend in this market.

 

The electric vehicle charging stations market is segmented by component (hardware [electric vehicle supply equipment {EVSE}, electrical distribution systems, cable management systems], software [charging station management systems {CSMS}, interoperability solutions, open charge point protocol {OCPP}, smartphone applications]), services (maintenance services, system integration, and installation services); charging type (Level 1, Level 2, DC fast charging); connection type (pantograph, connectors, wireless charging [static wireless EV charging, dynamic wireless EV charging]); mounting type (wall mount, pedestal mount, ceiling mount); vehicle type (passenger cars, heavy commercial vehicles, light commercial vehicles, two-wheelers & scooters); end user (commercial EV charging stations [commercial public EV charging stations {on-road charging stations, parking space stations, destination charging stations}, commercial private EV charging stations {fleet charging, captive charging}], residential EV charging stations); and geography. The study also evaluates industry competitors and analyzes the market at regional and country levels.

 

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Based on component, the global electric vehicle charging stations market is broadly segmented into hardware, software, and services. In 2023, the hardware segment is expected to account for the largest share of the global electric vehicle charging stations market. The large market share of this segment is attributed to the rising adoption of EVs, the increasing deployment of EV charging stations, and the increasing government initiatives aimed at electrifying public bus fleets and deploying associated charging infrastructure. However, the software segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by various factors, such as the increasing need for transparency in electricity consumption and demand charges, the growing need for managing EV fleets in real time, charging reports & insights, maintenance & support, and the increasing deployment of smart remote charging stations.

 

Based on charging type, the global electric vehicle charging stations market is broadly segmented into Level 1, Level 2, and DC fast charging. In 2023, the Level 2 segment is expected to account for the largest share of the global electric vehicle charging stations market. The large market share of this segment is attributed to the increased adoption of Level 2 chargers for residential and commercial applications. These chargers offer faster charging speeds than Level 1 chargers. Furthermore, government incentives and regulations aimed at promoting the installation of Level 2 chargers contribute to the significant market share of this segment. However, the DC fast charging segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by factors such as government rebates on the purchase of DC fast charging stations, increasing investments from automakers in the development of DC fast charging station infrastructure to support their long-range battery-electric vehicles, the need for significantly faster charging, and the increasing installation of DC fast chargers in public locations including highways, shopping centers, restaurants, and other high-traffic areas.

 

In terms of volume, in 2023, the Level 2 segment is expected to account for the largest share of the electric vehicle charging stations market. The large market share of this segment is attributed due to various factors such as government rebates on the purchase of DC fast charging stations, increasing investments from automakers towards the development of DC fast charging station infrastructure to support their long-range battery-electric vehicle, the need to provide significantly faster charging compared to Level 2 chargers, and increasing installation of DC fast chargers in public locations along highways, shopping centers, restaurants, and other high-traffic areas. However, the DC fast charging segment is projected to register the highest CAGR during the forecast period.

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Based on connection type, the global electric vehicle charging stations market is broadly segmented into pantograph, connectors, and wireless charging. In 2023, the connectors segment is expected to account for the largest share of the global electric vehicle charging stations market. The growth of this segment is attributed to the increasing development and adoption of standardized connector types to ensure compatibility between charging stations and electric vehicles, the increasing need for faster charging connectors compatible with high-power DC fast charging, the growing need for reliable connectors to minimize the risk of electrical faults, overheating, and other potential hazards, and dynamic international standards and regulations for promoting a harmonized charging infrastructure worldwide. Moreover, the connectors segment is projected to register the highest CAGR during the forecast period.

 

Based on mounting type, the global electric vehicle charging stations market is broadly segmented into wall mount, pedestal mount, and ceiling mount. In 2023, the wall mount segment is expected to account for the largest share of the global electric vehicle charging stations market. The large market share of this segment is attributed to the increasing use of either Level 1 or Level 2 electric vehicle supply equipment (EVSE) and the increasing need for high-speed charging in a compact, affordable, and scalable package. Moreover, the wall mount segment is projected to register the highest CAGR during the forecast period.

 

Based on vehicle type, the global electric vehicle charging stations market is broadly segmented into passenger cars, heavy commercial vehicles, light commercial vehicles, and two-wheelers & scooters. In 2023, the passenger cars segment is expected to account for the largest share of the global electric vehicle charging stations market. The large market share of this segment is attributed to the increasing adoption of electric vehicles, environmental concerns and emission regulations, advancements in EV battery technology, and expansion of charging infrastructure networks. However, the two-wheelers & scooters segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by various factors, such as the increasing popularity of electric scooters and 2-wheelers, the rising need for cost-effective and nimble modes of transportation, and government incentives and policies, including subsidies, tax benefits, and grants for purchasing electric 2-wheelers.

 

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Based on end user, the global electric vehicle charging stations market is broadly segmented into commercial EV charging stations and residential EV charging stations. In 2023, the commercial EV charging stations segment is expected to account for the larger share of the global electric vehicle charging stations market. The large market share of this segment is attributed to the increasing adoption of electric vehicles in commercial fleets for cost savings and reduced emissions, government regulations and incentives for electric vehicle adoption in commercial fleets, infrastructure development for shared mobility services, and installations of commercial EV charging stations for cost savings and reduced emissions. Moreover, the commercial EV charging stations segment is slated to register the highest CAGR during the forecast period.

 

Based on geography, the electric vehicle charging stations market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global electric vehicle charging stations market in terms of volume and value. Asia-Pacific’s major market share is attributed to the growing demand for electric vehicles in countries such as China and Japan and the rising government initiatives to reduce greenhouse gas emissions, which, in turn, is poised to increase electric vehicle adoption. Moreover, the market in Asia-Pacific is projected to register the highest CAGR during the forecast period.

 

Key Players

 

The key players operating in the global electric vehicle charging stations market are ChargePoint Holdings, Inc. (U.S.), Tesla, Inc. (U.S.), BP p.l.c. (U.K.), EVgo Inc. (U.S.), Shell Plc (U.K.), Électricité De France (France), EVBox Group (Netherlands), Electrify America LLC (U.S.), AddÉnergie Technologies, Inc. (Canada), Connected Kerb Limited (U.K.), Hangzhou AoNeng Power Supply Equipment Co. LTD. (China), Webasto Group (Germany), EV Charging Installers of America LLC (U.S.), Wanbang Xingxing Charging Technology Co., Ltd. (China), ABB Ltd. (Switzerland), Siemens AG (Germany), and Blink Charging Co. (U.S.).

 

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Mobile Computer Market: Type, and End-use Industry

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Mobile Computer Market by Device Type (Key-based, Full-touch PDA-based, Rugged Tablet, and Software), Portability Type (Handheld, Wearable, Vehicle Mounted Computer), and End-use Industry (Retail, Warehouse, E-Commerce)—Global Forecast to 2029’.

 

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According to this latest publication from Meticulous Research®, the global mobile computer market is expected to reach $3.3 billion by 2029, at a CAGR of 7.4% during the forecast period 2022–2029. Manual data capture and associated errors were a concern in the past, resulting in significant time and capital losses. Traditional data capture and entry methods have been shown to have an error rate as high as 4% without additional verification steps.

 

The rising need to eliminate manual data capture and entry errors, growing government initiatives for the use of AIDC technology, and growing demand for mobile computing in warehouses and distribution centers are the major factors driving the demand for mobile computers.

 

Considering the growth of the mobile computers market, major players are increasing their market presence with expansion, investment, and technological upgradation. For instance, in March 2022, Zebra Technologies Corporation showcased its first all-in-one Android-based wearable computer, an RFID sled, and AMR, all designed to help reduce worker strain. WS50 Android wearable computer is half the size of traditional wearables and includes a small display, WiFi, and an imager or camera, eliminating the need for multiple devices supporting hands-free workflows, such as picking, sorting, loading, and putting away. The WS50 supports task management and communication in warehouse, manufacturing, and retail environments with powerful data capture capabilities and an integrated speaker and microphone. With the option of three different wearable styles, including the back of the hand, wrist, or, on the fingers, the ergonomic WS50 wearable computer provides users with the flexibility they need that’s right for the job.

 

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The mobile computers market is segmented based on device type, portability type, end-use industry, and geography. This study also evaluates industry competitors and analyzes the market based on countries.

 

Based on device type, the mobile computer market is segmented into key-based mobile computers, full-touch PDA-based mobile computers, rugged tablets, and software. In 2022, the full-touch PDA-based mobile computer segment is expected to account for the largest share of the mobile computers market. These mobile computer offers benefits such as more screen space for the same overall mobile computer size, greater ability to customize or add keyboards and add multiple keyboards, which provides the use of both optimized alpha and numeric keyboards. Further, it is estimated that the same segment will grow at the fastest rate during the forecast period.

 

Based on portability type, the mobile computers market is segmented into handheld computers, wearable computers, and vehicle-mounted computers. In 2022, the handheld computers segment is expected to account for the largest share of the mobile computers market. The main advantage of a handheld computer is that it makes information accessible on-the-go. In a warehouse, order pickers can get up-to-minute information at any time. With a handheld computer, there is no paperwork to fill out and less possibility of human errors, leading to incorrectly picked or packed orders. Also, handheld computers are used for accurately on-the-spot data collection.

 

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Based on end-use industry, the mobile computers market is segmented into transportation, manufacturing, banking & finance, retail, healthcare & life sciences, warehouse & logistics, e-commerce, and other end-use industries (government, hospitality, fleet management, and food & beverage). In 2022, the warehouse & logistics segment is estimated to account for the largest market share due to the growing adoption of mobile computers in its daily operations. However, the healthcare segment is slated to become the fastest growing segment during the forecast period. Mobile devices help doctors and nurses by allowing them to keep accurate records of patients and their prescriptions. The errors which could be caused by handwritten notes are minimized by digitized documents.

 

Based on geography, the mobile computers market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is estimated to account for the largest market share due to the large adoption of mobile computers in regional industries such as healthcare, retail, e-commerce, and manufacturing. The Asia-Pacific region is slated to register the highest CAGR during the forecast period. The growing market of e-commerce, manufacturing, and other end-use industries in countries such as China, India, South Korea, Singapore, and Japan is driving the adoption of mobile computers.

 

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Key Players:

 

The key players operating in the mobile computer market include Newland EMEA (Netherlands), Zebra Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Datalogic S.P.A. (Italy), Bluebird Inc. (South Korea), Opticon Sensors Europe B.V. (Netherlands), Winmate, Inc. (Taiwan), JLT Mobile Contacts (Sweden), Wasp Barcode Technologies (U.S.), Keyence Corporation of America (U.S.), Transition Products Inc. (U.S.), Handheld Group (Sweden), Comark (U.S.), Advantech Co., Ltd. (Taiwan), and Denso ADC (U.S.).

 

TOP 10 COMPANIES IN MOBILE COMPUTERS MARKET >> https://meticulousblog.org/top-10-companies-in-mobile-computers-market/?utm_source=pr&utm_medium=social&utm_campaign=product&utm_content=12-03-2024