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Metaverse Market to Generate $1,237.0 Billion by 2030, States the Report by Allied Market Research

The lead analyst at AMR highlighted that the metaverse market across Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.

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Allied Market Research published a research report on the metaverse market. The findings of the report state that the global market for the metaverse generated $41.9 billion in 2020, and is projected to reach $1,237.0 billion by 2030, witnessing a CAGR of 40.4% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenarios for market players, investors, shareholders, and new entrants.

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“The service segment is expected to witness the highest growth in the upcoming years, owing to higher development and infrastructural requirement of metaverse applications and services,” said Md Shadaab Khan, Analyst, ICT and Media, at Allied Market Research.

The report provides detailed insights on drivers, restraints, and opportunities to help the market players in devising several growth strategies. The rise in popularity of cryptocurrencies and non-fungible tokens (NFTs) drives the global metaverse market. On the other hand, complex security and privacy challenges on the metaverse platform restrain growth to some extent. However, a positive drive toward decentralized network technology is projected to pave the way for lucrative opportunities in the industry.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the metaverse market globally. It is helpful for market players, new entrants, and investors to determine strategies as per the current scenario and improvise the business model for the next few years. The rise in work-from-home culture and social distancing norms that were initiated during the Covid-19 lockdowns helped in promoting demand for metaverse platforms throughout the period, which impacted the market positively. This trend is most likely to continue post-pandemic as well.

By component, the hardware segment garnered more than half of the total market revenue in 2020 and is expected to lead the trail by 2030. The service segment, however, would exhibit the fastest CAGR of 42.7% during the forecast period.

By application, the gaming segment accounted for the highest share in 2020, accounting for more than one-fifth of the global market. The content creation and social media segment would portray the fastest CAGR of 43.7% from 2021 to 2030.

By region, the market across North America contributed to the major share in 2020, garnering nearly two-fifths of the global market. The Asia-Pacific region, on the other hand, would project the fastest CAGR of 42.5% throughout the forecast period.

The key market players analyzed in the global metaverse market report include ByteDance Ltd, Facebook, Inc., Nextech AR Solutions Inc., NVIDIA Corporation, Roblox Corporation, Alibaba Group Holding Limited, Unity Technologies, Shenzhen Zqgame Co. Ltd, Antier Solutions, Huawei Technologies Co. Ltd., and Tencent.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

Toll Free: 1-800-792-5285 |UK: +44-845-528-1300 | Hong Kong: +852-301-84916 | India (Pune): +91-20-66346060|Fax: +1-855-550-5975

Email: help@alliedmarketresearch.com.

Concrete Market Growth, Top Vendors, Business Prospect and Forecast by 2030

The Concrete Market was valued at $167.7 billion in 2020, and is expected to reach $972.0 billion by 2030, registering a CAGR of 4.7% from 2021 to 2030.

Construction of all infrastructures need concrete for building purpose. Concrete can be in the form of ready-mix concrete or precast products & elements. Revenue generated by sales of these products represents the market size of the concrete market.

Top Companies

The major players profiled in the concrete market include CEMEX, S.A.B. de C.V., CRH, Forterra, Heidelbergcement AG, Holcim, Shay Murtagh Precast Ltd, Sika AG, Votorantim S.A., Weckenmann Anlagentechnik GmbH & Co. KG, and Wells Concrete. Major companies in the market have adopted strategies such as business expansion, acquisition, product launch, and collaboration to offer better products and services to customers in the concrete market

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Increase in government expenditures for development and reconstruction & repair of infrastructures in various countries leads to increase in demand for ready-mix concrete and precast products & elements. In addition, ready-mix concrete and precast products reduce construction time, which, in turn, saves project cost and timeline. Moreover, these products are cost effective and reduce wastage of raw material.

Furthermore, innovation in manufacturing technology boost production quality and capacity. These are factors are anticipated to propel the market growth.

However, initial investment costs are high to setup ready-mix concrete plants and precast production facility. This leads customers to buy products in bulk at discounted rates. In addition, there has been rise in environmental awareness, which has led to adoption of sustainable and environment friendly construction material to build houses and offices. Such factors hinder growth of the concrete market. Further, the outbreak of COVID-19 has led to halt in construction and manufacturing activities across the globe. Halt in logistics services has led to interruption of supply chain, which, in turn, hinders growth of the concrete market. However, industries are gradually getting back on track and vaccine manufacturing is expected to lead to recovery of the concrete market by the end of 2021.

On the contrary, rapid urbanization and industrialization in developing countries has given rise to construction activities, which act as a major opportunity for growth of the concrete market.

The concrete market is segmented into concrete type, application, end-user industry and region. By concrete type, it is segregated into ready-mix concrete, precast products, and precast elements. Depending on application, it is classified into reinforced concrete and non-reinforced concrete. On the basis of end-user industry, it is divided into roads & highways, tunnels, residential buildings, non-residential buildings &, dams & power plants, mining and others. By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, Finland, Sweden, Norway, Denmark, Belgium, Netherlands, Luxembourg and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Virtual Cards Market: Global Opportunity Analysis and size,Industry Forecast, 2021-2031

According to a new report published by Allied Market Research, titled, “Virtual Cards Market,” The virtual cards market size was valued at $281.22 billion in 2021, and is estimated to reach $1,893.08 billion by 2031, growing at a CAGR of 21.3% from 2022 to 2031.

Based on region, North America attained the highest virtual cards market growth in 2021. This is attributed to the fact that consumers in North America are choosing to shop with businesses that offer virtual credit cards options at the point of sale. Furthermore, millennial’s preferences towards usage of cash is decreasing and over half of the population are likely to avoid shopping at stores that do not offer to pay through affirm virtual cards. Virtual Cards Market Expected to Reach $1,893.08 Billion by 2031.

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During the pandemic, more consumers became comfortable purchasing items online or with their smart phones to avoid risky in-person interactions. Moreover, banks and financial institutions adopted digitalization and started giving virtual gift cards to their customers instead of physical cards. In addition, the risk of spread of virus through touching of surface such as swipe machines and point of sale (PoS) increased the demand for virtual cards. Therefore, the COVID-19 pandemic had a positive impact on the virtual cards market trends.

Key findings of the study

By product type, the B2B virtual card segment led the virtual cards market in terms of revenue in 2021.
By end user, the businesses segment accounted for the highest virtual cards market share in 2021.
By region, North America generated the highest revenue in 2021.

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The key players profiled in the virtual cards market analysis are American Express, BTRS Holdings Inc. dba Billtrust, Bento Technologies Inc., Citigroup Inc., Capital One, DBS Bank Ltd., ePayService, HSBC Group, JPMorgan Chase & Co., Mastercard, Marqeta, Inc., Revolut Ltd, Stripe, Inc., State Bank of India, Standard Chartered Bank, Wise Payments Limited, WEX Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the virtual cards industry.

Remote Monitoring And Control Market Is Estimated To Reach $43.6 Billion By 2031 | Growing At A CAGR Of 5.3%

The remote monitoring and control market size was valued at $25.9 billion in 2021, and is estimated to reach $43.6 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031. Remote monitoring and control systems help in controlling activities of large and complex facilities such ad spacecraft, airports and factories with the help of automation. These systems require the use of sensors, user inputs and preprogrammed procedures in order to receive data and provide suitable actions.

Increase in industrial automation demand coupled with requirement of industrial mobility and asset excellence in the process industry is expected to propel the remote monitoring and control market during the forecast period. The sources used for power generation are limited and thus the optimum utilization of these non-renewable resources is of utmost importance. Emphasis on industrial safety and their health is anticipated to drive the emergency shutdown systems in the power industrial applications which in turn is expected to drive the growth of the market.

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The SCADA(Supervisory Control and Data Acquisition) system is a type of remote monitoring and control system which is ideal for controlling and monitoring remote assets, such as pump stations, well pumps, automatic valves, water towers, or reservoirs. The adoption of SCADA systems is growing majorly for power industry as it is provides effective monitoring and control of field devices from the remote sites. In addition, each process in power sector requires temperature measurement for various controlled operations. Thus, this is controlled effectively through SCADA system. Thus, such benefits are growing the adoption of SCADA systems which further drives the remote monitoring and control market growth.

However, downfall in petroleum prices is one of the key restraining factors for remote monitoring and control market as it is adversely affecting the bottom lines of the major participants involved in the value chain of the oil and gas industry. These factors, therefore, are expected to halt the investments in oil and gas industry which shall further impact the remote monitoring and control systems market globally.

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Power monitoring and connectivity, on the contrary, unite in fight against downtime as reducing downtime involves the remote control and monitoring. Most of the electrical components such as trip units, and meters can be connected by increasing their ability to provide alerts via email or on smartphones for efficiently handling the operations. The operators can access the historical and real-time information to find the alarm causes and eliminating it. Systems coupled with automatic control capabilities can immediately take responsive steps to restore the power and preserve the loads while analyzing the problems. Technological advancements of these systems are thus expected to offer lucrative remote monitoring and control market opportunities.

The remote monitoring and control market growth analysis is segmented into action, type, end user, and region. On the basis of action, the market is categorized into monitoring and control. On the basis of type, the market is fragmented into solutions and field instruments. On the basis of end user it is fragmented into oil & gas, power generation, food & beverage, water & wastewater and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2021.

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The key players profiled in the remote monitoring and control market revenue analysis include ABB Ltd., Cummins, Danfoss A/S, Emerson Electric Co., Endress+Hauser AG, Fuji Electric Co., Ltd., General Electric Co., Hitachi Ltd, Honeywell International Inc., ICONICS, Inc, ITarian LLC, KRONE Messtechnik GmbH, Larsen & Toubro Limited, Leo Tech, Rockwell Automation, Inc., Schneider Electric SE and Yokogawa Electric Corporation

The global remote monitoring and control market witnessed significant growth in the past decade, owing to rise in demand for compact and lightweight packaging in various sectors such as foods & beverages and pharmaceuticals. There is an expansion of business by number of players globally, owing to increased customer base, enhanced effective operations, and developed product portfolios. This is anticipated to fuel growth of the global remote monitoring and control industry.

Key findings of the study

The report provides an extensive analysis of the current and emerging global remote monitoring and control market trends and dynamics.
By action, the monitoring printing segment was the largest revenue generator in 2021.
By type, the solutions segment generated the highest revenue in 2021.
By end user, the others segment dominated the market in 2021.
Region-wise, Asia-Pacific is anticipated to dominate the global remote monitoring and control market share during the forecast period.
The report provides an extensive analysis of the global remote monitoring and control market factor analysis.
The global remote monitoring and control market forecast analysis from 2022 to 2031 is included in the report.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts

David Correa
Allied Analytics LLP
800-792-5285

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Building and Construction Plastics Market Top Vendors, Major Factors and Forecast by 2025

The Global Building and Construction Plastics Market was valued at $57,908.8 million in 2017 and is projected to reach $104,507 million by 2025, growing at a CAGR of 7.6%. The thermoplastic segment accounted for more than three-fourths of the market share in 2017 and is expected to witness significant growth during the forecast period.

Top Companies

The key players profiled in this report include DSM, BASF, Chem Philips, DowDuPont Inc., INEOS Group Holdings S.A., Lanxess, LG Chem Ltd., LyondellBasell Industries Holdings B.V., SABIC, and Solvay.

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Building and construction plastic is a polymer that makes the infrastructure stronger, lighter, and sustainable. They are used for various purposes such as roofing, insulation, waterproofing, reinforcement, and others. Therefore, there is an increase in demand of the building and construction plastic due to rise in construction projects globally. In addition, these plastics help enhance the beauty of the project at a low cost; hence, expected to propel the growth of the global building and construction plastic market. However, inability of some building and construction plastics to withstand cold conditions, softening at higher temperatures, and weakening & formation of fading appearances due to exposure to UV rays hamper the market growth.

The features of building and construction plastics such as non-corrosive, extremely durable, and available at an economical rate drive the growth of the global market. Furthermore, rise in investment in interior designing of residential as well as commercial properties fuels the growth of the global market. However, threat of substitute products, such as wood and others, is expected to hinder the market growth. Conversely, technological advances such as use of thermoplastic and thermosetting plastic in sanitary equipment, piping, and shuttering along with applications of bio-based and biodegradable plastics are expected to provide lucrative opportunities for the growth of the global building and construction plastic market.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Us:

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

U.S. And Europe Polyphenol Market Size, Trends, Share, Research Report Study, Regional and Industry Analysis, Forecast to 2025

According to the report, the U.S. and Europe polyphenol market accrued $392.47 billion in 2017 and is expected to garner $584.91 billion by 2025, growing at a CAGR of 5.0% from 2018 to 2025.

Growth in elderly population worldwide coupled with rise in health awareness and increase in adoption for herbal products drive the growth of the market. However, intricate processes of manufacturing and stringent regulations related to approval of polyphenols hamper the market growth. On the other hand, increase in applications of polyphenol would create new opportunities in the market in near future.

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Frontrunners of the industry

The key market players analyzed in the research include Amax NutraSource, Inc., Koninklijke DSM N.V., Cargill Inc., Glanbia Nutritionals, Inc., Futureceuticals, Inc., Naturex S.A., NOF America Corporation, Swanson Health Products, Indena S.P.A., and Berkem. They have implemented various strategies such as partnerships, mergers & acquisitions, expansions, collaborations, joint ventures, and others to gain a stronghold and lead position in the market.

Grapeseed segment to maintain its dominance through 2025

Among types, the grapeseed segment contributed the largest share in 2017, accounting for more than half of the total revenue. This segment is expected to maintain its dominance throughout the forecast period, owing to its anti-aging and antioxidant properties, for which, it has a significant demand in the personal care and skin care industry. However, the passion fruit segment is expected to register the highest CAGR of 6.7% from 2018 to 2025, owing to its adoption in health-related products and rise in use of fruit extracts and supplements. The report also analyzes apple, green tea, and others product types.

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Functional beverages segment to witness lucrative prospects during the forecast period

Functional beverages segment accounted for the largest share in 2017, contributing more than one-third of the total market revenue in 2017. Moreover, this is segment is expected to register the highest CAGR of 5.4% during the forecast period, owing to the health benefits and convenience offered by such beverages. The report also analyzes functional food, dietary supplements, and others segments.

Europe to maintain its leadership position by 2025

Europe contributed more than half of the total market share in 2017, owing to increase in health consciousness and rise in consumption of functional foods, functional beverages, and supplements. This segment is expected to maintain its lead throughout the forecast period. However, the U.S. is projected to grow at the fastest CAGR of 5.2% from 2018 to 2025. This is due to the increase in preference for herbal & functional products, growth in geriatric population, and rise in health awareness among the populace.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Mobile Battery Market Progresses for Huge Profits during 2030

The rise in demand for smartphones from people below the age group of 30 years across the globe is expected to drive the growth of the market during the forecast period. In addition, the increase in the use of two mobile phones such as smartphones and feature phones among professionals is further anticipated to fuel the global mobile battery market growth from 2021 to 2030. However, the low penetration of smartphones among people with age above 60 and a strong presence of featured phones across the globe is expected to hamper the growth of the market in the coming years. In addition, high concern toward personal & financial security owing to potential risks in online activities among consumers decreased the demand for smartphones which in turn is expected to restrain the growth of the smartphone battery market in the coming years. On the contrary, a rise in R&D activities toward increasing battery life and performance is expected to create opportunities for key players operating in the market from 2021 to 2030.

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The mobile battery market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as owing to rise in demand for smartphones, tablets, and featured phones, across the globe. However, high cost & potential risk hazards associated with lithium-ion batteries are the key factors expected to restrain the growth of the market globally. Conversely, higher energy efficiency requirements in technologically updated consumer gadgets are anticipated to provide potential growth opportunities in the upcoming years.

Mobile batteries are the batteries used to provide electric power to mobile phones for their operations. Mobile phones or smartphones have become the most integral part of everyday life. Mobile phones are not only used for telephonic conversation but also for checking in to places like doctor’s offices, events, movies, and access maps. For using these above-mentioned features, mobile phones must have a longer battery life in one charging cycle. There are different types of battery chemistries used in mobile phones which include lithium-ion, nickel-based, and other batteries. Among these battery types, lithium-ion batteries are the most widely used in mobile phones.

Depending on the type, the lithium-ion battery segment held the highest market share of about 69.75% in 2020 and is expected to maintain its dominance during the mobile battery market forecast period. This is attributed to the rise in demand for lithium-ion batteries, owing to the increase in the need for smartphones and the incorporation of additional features such as games, cameras, music players, and video players, which require more energy due to the increased utilization of the processor.

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On the basis of application, the smartphone segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to the consistent growth of smartphones in the global mobile industry owing to the rise in demand for smartphones among the age group of 18 to 30 years for social media, gaming apps, and others. In addition, the rise in the replacement of feature phones with smartphones increases the demand for mobile batteries in this segment and thereby is expected to drive the global mobile battery market during the analyzed time frame.

On the basis of sales channels, the offline segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to key advantages associated with offline distributors such as maintenance & services, replacement, faster problem resolving associated with battery functions, and others. In addition, consumers across the globe are conservative and price-sensitive across sales channels which resulted in driving the trend toward shopping for key mobile accessories such as mobile batteries, covers, and others owing to their faith in the offline platform.

On the basis of region, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered a dominant share in 2020 and is anticipated to maintain this dominance during the forecast period. This is attributed to the presence of key players and a huge consumer base in the region. In addition, an increase in investments and R&D toward improving battery life and enhancing the performance of mobile phones is further projected to fuel the market growth in the region.

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The global market analysis covers in-depth information on the major mobile battery industry participants. The key players operating and profiled in the report include Samsung SDI Co., Ltd., Panasonic Corporation, Murata Manufacturing Co., Ltd., TWS, LG Corporation, Maxell, Ltd., Sunwoda Electronic Co., Ltd., Zhuhai CosMX Battery Co., Ltd., TianJin Lishen Battery Joint-Stock Co., Ltd., and Amperex Technology Limited.

Other players operating in the value chain of the global mobile battery market are DESAY, BYD, EEMB, Zhuhai Coslight Battery, China BAK Battery, ENERDEL, and others.

Key Findings Of The Study

In 2020, the lithium-ion battery segment accounted for about 69.75% of the share in the global mobile battery market and is expected to maintain its dominance till the end of the forecast period.
In 2020, the smartphone segment accounted for 82.2% mobile battery market share in the year 2020 and is anticipated to grow at a rate of 6.4% in terms of revenue, increasing its share in the global mobile battery market.
Online is the fastest-growing sales channel segment in the global mobile battery market, expected to grow at a CAGR of 6.4% during 2021–2030.
Asia-Pacific is expected to grow at the fastest rate, registering a CAGR of 6.6%, throughout the forecast period.
In 2020, Asia-Pacific dominated the global mobile battery market with more than 39.4% of the share, in terms of revenue.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Cat Litter Market Growing At a CAGR of 4.7% From 2021-2030, is Projected to Reach $11,293.30 Million by 2030

According to a new report published by Allied Market Research, titled, “Cat Litter Market by Product, Raw Material and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031″. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario. The cat litter market was valued at $7,212.80 million in 2020, and is estimated to reach $11,293.30 million by 2030, growing at a CAGR of 4.7% from 2021 to 2030.

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The growing number of cat owners around the world is likely to boost cat litter market growth. Most cat owners prefer not to let their cats out of the house for a variety of reasons, including human animosity and inclement weather. These variables are expected to drive the product demand during the forecast period. Product sales are being boosted by the growing trend of pet humanization as well as rise of the pet population in the U.S. As a result, growing pet expenditure will drive market growth.

The global cat litter market is segmented into product type, raw material, distribution channel, and region. By product type, the cat litter industry is classified into clumping and non-clumping. On the basis of raw material, it is fragmented into clay, silica, and others. Depending on distribution channel, it is categorized into hypermarkets/supermarkets, specialty pet stores, and online channels. Region wise, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and the rest of Asia Pacific), and LAMEA (Brazil, Argentina, South Africa, and the rest of LAMEA).

Depending on raw material, the clay segment garnered the largest share of the global cat litter market share in 2020, and is expected to dominate the market throughout the forecast period. This is attributed to the fact that clay absorbs ample amount of water in a short time span, keeping the litter box dry and clean.

On the basis of product type, the clumping segment accounted for the highest share in 2020. This is attributed to the fact that clumping litter is a popular and convenient choice among pet owners. Many people say that it makes cleaning up a lot easier. In addition, clumping litter comes in a variety of fragrances, granule sizes, and textures. The litter soon attaches to the waste, cupping around to form a barrier. It prevents waste from spreading throughout the litter box, keeping the kitty box fresher for longer.

By distribution channel, the hypermarkets/supermarkets segment accounted for the highest share in 2020, as customers benefit from the availability of a wide choice of products, product discounts, sales representative assistance, and speedy checkouts at hypermarkets/supermarkets. Thus, these advantages are predicted to promote shopping at hypermarket/supermarket growth during the cat litter market forecast.

By Region, Asia-Pacific registered the highest growth in 2020, followed by Europe and North America. China and the U.S. were the most prominent countries accounting for a sizeable share in the global market.

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Key players in the cat litter market have relied on product launch as their key strategic move to stay relevant in the global market. The key players profiled in the report are Mars Inc., Nestle SA, Church & Dwight Co. Inc., The Clorox Company, Dr. Elsey’s, Oil-Dri Corporation of America, Pestell Pet Products, ZOLUX SAS, Cat Litter Company, and Healthy Pet.

Key Findings of The Study:

• According to Cat Litter Market Trends Analysis, on the basis of product type, the clumping segment is projected to witness the highest CAGR of 5.5% in terms of revenue during the forecast period.
• Depending on raw material, the silica segment is expected to dominate the market through 2021–2030.
• According to Cat Litter Market Opportunity Analysis, by distribution channel, the hypermarkets/supermarkets segment occupied the largest market with maximum value share in 2020, and online channels segment is expected to grow at the significant CAGR of 5.8% during the forecast period.
• Asia-Pacific is anticipated to witness the highest growth rate, registering a CAGR of 5.9% from 2021 to 2030.

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• Mergers and acquisitions should be well-planned by identifying the best manufacturer.
• Sort new clients or possible partners into the demographic you’re looking for.
• Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
• Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
• To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
• Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
• To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

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Unified Endpoint Management Market Value to Hit Surpass USD 53.65 Billion by 2030

According to the report, the global unified endpoint management market was pegged at $3.39 billion in 2020, and is expected to reach $53.65 billion by 2030, growing at a CAGR of 31.7% from 2021 to 2030.

Rise in cyber threats among organizations coupled with compliance regulations, growing usage of mobile devices among the workforce, and increase in IT asset footprints drive the growth of the global unified endpoint management market. On the other hand, high deployment costs and device and OS fragmentation impede the growth to some extent. However, growing adoption of cloud-based solutions is anticipated to pave the way for multiple opportunities in the industry.

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The solution segment to dominate by 2030

By component type, the solution segment accounted for more than three-fifths of the global unified endpoint management market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is owing to the growing demand for data security solutions and the ability to deliver better business productivity. The services segment, however, would showcase the fastest CAGR of 33.5% by 2030.

The on-premise segment held the lion’s share in 2020

Based on deployment model, the on-premise segment held the lion’s share in 2020, contributing to nearlythree-fifths of the global unified endpoint management market, and is expected to continue its lead during the forecast period. This demand is attributed to enhanced security of data and better maintenance of servers offered by the on-premise deployment of unified endpoint management solutions. However, the cloud segment is expected to witness the highest CAGR of 32.6% by 2030. The cloud segment is preferred by mid-sized financial institutions due to its low capital expenditure and low maintenance requirements, thus driving the demand for the segment.

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North America to lead the trail in terms of revenue

By geography, North America garnered the major share in 2020, contributing to nearly two-fifths of the global unified endpoint management industry. Growing trend of BYOD and work from home policies, working infrastructure to sustain day-to-day operations, availability of remote working and advanced communication, and core business operations are the key factors that propelthe demand for unified endpoint management solutions in the region. Simultaneously, the Asia-Pacific region would manifest the fastest CAGR of 34.7% throughout the estimated period. This is attributed to the growth in acceptance of mobility devices in enterprises and IoT applications, growth of BYOD policies, and cloud-based solutions in the region.

Major market players –

Microsoft Corporation
DELL INC.
NEXTLABS INC.
Citrix Systems, INC.
Fasoo
CISCO SYSTEMS, INC
DivX, LLC.
Micro Focus
Adobe
Broadcomm, Inc.
International Business Machines Corporation
Apple Inc.
NortonLifeLock, Inc.

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Key Findings of the Study –

By component, in 2020, the solution segment dominated the unified endpoint management market size. However, the services segment is expected to exhibit significant growth during the unified endpoint management market forecast period.
Depending on deployment model, the on-premise generated the highest revenue in 2020.
According to the industry vertical, the BFSI segment generated highest revenue in 2020. However, the healthcare segment is expected to exhibit significant growth during the forecast period
Region wise, the unified endpoint management industry was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Key Insights on USD 41,924.6 Million Opportunity in the Cat Food Market by Affinity Petcare SA, Evanger’s Dog and Cat Food Company Inc., Fromm Family Food LLC

According to a new report published by Allied Market Research, titled, “Cat Food Market by Nature, Food Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global cat food market size was valued at $27,789.5 million in 2020, and is projected to reach $41,924.6 million by 2030, registering a CAGR of 4.4% from 2021 to 2030.

Global Leaders:

The major players operating in the cat food industry are Affinity Petcare SA, Evanger’s Dog and Cat Food Company Inc., Fromm Family Food LLC, Hill’s Pet Nutrition, Mars Incorporated, Nestle Purina, Nutro Products Inc., Party Animal Inc., Rollover Premium Pet Food Ltd., and The J.M. Smucker Company.

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The cat food market is experiencing growth due to increased pet ownership globally. This is attributed to the rise in consumers’ disposable income. The major factors propelling the growth of the global cat food market are rapid humanization of pets, rise in trend of nuclear families, and increase in awareness about pet health. On the other hand, the rise in pet obesity is expected to hamper the growth of the cat food market growth during the forecast period.

According to cat food market analysis, the market is classified on the basis of nature, food type, sales channel, and region. By nature, the market is segmented into organic and conventional. The conventional cat food is more nutritious as compared to organic cat food, which resulted into highest revenue generation in 2020. By food type, the cat food market is segregated into dry food, wet food, treats & snacks and others. Wet food holds the highest cat food market share by food type because it is one of the most convenient types of food that cats can easily chew.

By sales channel, the market is categorized into supermarkets & hypermarkets, specialized pet shops, online sales channel, and others. Region wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America contributed the highest revenue in 2020 and is expected to dominate the market during the forecast period.

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The COVID-19 pandemic had a positive and negative impact on the global cat food market growth. The supply chain disruption had a negative impact, while the increase in adoption of pets had a positive impact on the market.

The variety of cat food includes vegetable-based proteins instead of meat, while natural and organic cat treats and snacks are used as an appetizer for cats with health issues such as diabetes, obesity, allergies, and gastrointestinal disorders. The wet cat food segment is expected to grow gradually during the forecast period due to the associated benefits. Wet food aids in general hydration and improves body mass in cats. Wet cat food is abundant in nutrients and proteins, which helps cats to fight against any kind of diseases. Cats are unable to consume more carbohydrates because they lack good digestive tract. It is projected to boost the growth of the wet cat food segment in the cat food industry during the forecast period.

Population growth, rise in income in developing countries, and urbanization have all contributed to an increase in global cat food production. The rise in pet population has led to an increase in pet humanization. Thus, consumers are tending toward premium cat food products so as to minimize health associated risks. It also gives lucrative cat food market opportunities to producers to manufacture therapeutic and nutritional food concerning pets’ health and would allow them to gain high cat food market share in the industry.

The global cat food market is driven by rapid pet humanization, rise in pet ownership, and demand for therapeutic food. Pet humanization is a recent trend and has resulted in an increased focus on pet’s health, weight, and overall fitness. Therefore, the demand for premium and super premium cat food products has witnessed significant growth as pet owners believe that these are healthier for their pets.

Major firms are extending their presence in emerging markets to meet the growing demand for cat food and snacks. These major market players have adopted various marketing strategies to expand their market reach. The marketing strategies adopted in the cat food market are product launch, partnership, merger, investments, collaboration, joint venture, and acquisition.

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Key findings of the study:

The global cat food market size was valued at $27,789.5 million in 2020, and is projected to reach $41,924.6 million by 2030, registering a CAGR of 4.4% from 2021 to 2030.
By nature, the conventional segment was the highest contributor to the market, with $18,274.1 million in 2020, and is estimated to reach $26,741.9 million by 2030, at a CAGR of 4.1% during the forecast period.
By food type, the wet food segment was the highest contributor to the market, with $10,774.1 million in 2020, and is estimated to reach $15,964.0 million by 2030, at a CAGR of 4.3% during the forecast period.
By sales channel, the specialized pet shops segment was the highest contributor to the market, with $11,192.1 million in 2020, and is estimated to reach $16,508.5 million by 2030, at a CAGR of 4.2% during the forecast period.
By region, North America was the highest revenue contributor, accounting for $9,659.6 million in 2020, and is estimated to reach $14,690.4 million by 2030, with a CAGR of 4.5%.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
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