Data Science Platform Market to Generate $79.7 Billion by 2030: Allied Market Research

A lead analyst at AMR highlighted that the data science platform market in 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 data science platform market. The findings of the report state that the global market for automotive cybersecurity generated $7.23 billion in 2020, and is projected to reach $32.41 billion by 2030, witnessing a CAGR of 16.6% 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 report provides detailed insights on drivers, restraints, and opportunities to help the market players in devising several growth strategies. The surge in the importance of collecting and using data for decision making, and an increase in the adoption of innovative technologies such as machine learning and artificial intelligence are expected to drive the growth of the global data science platform market. In addition, an increase in the adoption of cloud-based solutions & services and growing reliance on machine learning are further expected to create ample opportunities for the industry.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the data science platform market globally. The outbreak of COVID-19 has had a positive impact on the growth of the global data science platform market, owing to the occurrence of lockdowns in various countries across the globe. Lockdowns resulted in increased internet penetration and a rapid shift towards work from culture among both individuals and companies. Thus, this created demand for data science platforms to manage critical information of organizations, thus creating lucrative opportunities for the market. In addition, governments of numerous countries are adopted data science to update real-time data on coronavirus and to make actionable insights from the data.

“Asia-Pacific is expected to observe the highest growth rate during the forecast period. An increase in demand for cloud, Internet of Things (IoT), and enhanced data rates for GSM evolution (EDGE) solutions generate large amounts of data, increasing the need for advanced technologies for data processing. This requirement for data processing is increasing the demand for data science platforms in the ASIA-PACIFIC. In addition, investments by leading tech companies fuel market growth across the region. Moreover, banks and telecom sectors have been the quickest adopters of big data analytics in Asia-Pacific and will remain so as they hope to profit from transactional, financial, and customer data,” says Rachita Rake – Senior Research Analyst, ICT at Allied Market Research.

The report offers detailed segmentation of the global data science platform market based on component, application, industry vertical, and region.

Based on components, the platform segment contributed to the highest share in 2020, accounting for more than three-fifths of the total market share. However, the services segment is projected to manifest the highest CAGR of 37.9% from 2021 to 2030.

Based on industry vertical, the BFSI segment held the largest share in 2020, accounting for around one-fourth of the global data science platform market. However, the healthcare segment is estimated to witness the largest CAGR of 36.8% during the forecast period.

Based on region, North America accounted for the highest share in 2020, contributing to around half of the total market share, and is projected to continue its leadership status by 2030. However, Asia-Pacific is projected to portray the fastest CAGR of 35.8% during the forecast period.

The key players analyzed in the global data science platform market report include MICROSOFT CORPORATION, SAS INSTITUTE INC., FAIR ISSAC CORPORATION (FICO), INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM CORPORATION), SAP SE, TERADATA CORPORATION, ALTREYX, INC., DATAIKU SAS, RAPIDMINER INC, THE MATHWORKS INC.

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.

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Desktop Virtualization Market Top Impacting Factors, Global Opportunity Analysis by 2031

The increase in need to improve employee efficiency and enhanced data security offered by desktop virtualization drive the growth of the global Desktop Virtualization Market. However, performance and compatibility issues and expensive deployment and sign-up costs of desktop virtualization platforms are hampering the market growth. On the contrary, an increased market for workspace as a service is expected to offer remunerative opportunities for expansion of the desktop virtualization industry during the forecast period.

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Based on type, the virtual desktop infrastructure (VDI) segment held the highest market share in 2021, accounting for nearly two-thirds of the global desktop virtualization market, and is estimated to maintain its leadership status throughout the forecast period, owing to VDI solutions being cheapto deploy and manage. However, the desktop-as-a-service (DaaS) segment is projected to manifest the highest CAGR of 11.6% from 2022 to 2031, owing to surge in complexity of modern IT and networks. 

Based on enterprise size, the large enterprise segment accounted for the largest share in 2021, contributing to nearly three-fourths of the global desktop virtualization market, and is projected to maintain its lead position during the forecast period. This is owing to large scale IT applications of large enterprises. However, the SMBs segment is expected to portray the largest CAGR of 10.7% from 2022 to 2031, owing to increase in technological investments by SMEs.

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Based on offering, the solution segment held the highest market share in 2021, accounting for around two-thirds of the global desktop virtualization market, and is estimated to maintain its leadership status throughout the forecast period, owing to the rise in need for IT infrastructure management solutions. However, the service segment is projected to manifest the highest CAGR of 10.4% from 2022 to 2031, owing to the increase in demand for desktop devices in modern business environment. 

Based on enterprise size, the IT & telecom segment accounted for the largest share in 2021, contributing to more than one-fourth of the global desktop virtualization market, and is projected to maintain its lead position during the forecast period. This is owing to complex IT requirements of the sector. However, the healthcare segment is expected to portray the largest CAGR of 11.7% from 2022 to 2031, owing to the higher security requirements of the sector.

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Based on region, North America held the highest market share in terms of revenue in 2021, accounting for more than one-third of the global desktop virtualization industry, owing to the high concentration of specialized VDI vendors in the region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 11.1% from 2022 to 2031. This is owing to the ongoing digital transformation of the region.

The key players profiled in the desktop virtualization market analysis are Amazon Web services, Inc., Cisco Systems, Inc., Citrix Systems, Inc., Datacom Group Ltd., DXC Technology Company, Huawei Technologies Co., Ltd., International Business Machine Corporation, Ivanti, Kyndryl Inc., Microsoft Corporation, Nasstar, NetApp, NTT DATA Corporation, Nutanix, Oracle Corporation, Pure storage, Inc., Softchoice, VMware, Inc. 

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Covid-19 Scenario

  • The outbreak of the Covid-19 pandemic had a positive impact on the global desktop virtualization market. This is due to the dramatically increased digital penetration during the period of the global lockdown and stringent social distancing policies, which fueled the demand for remote operational tools such as desktop virtualization tools.
  • The demand for virtual desktop infrastructure (VDI) has grown by over 70% during the period. Many businesses and their employees adopted remote working and work-from-home culture, which in turn, fueled the adoption of desktop virtualization tools during the period.
  • Moreover, with the outbreak of COVID-19, businesses have been forced to increase their online presence. This improved the reliance on digital solutions more than ever before.
  • Desktop virtualization tools supported small businesses in maintaining their business operations as normal during the pandemic. Also, the growing demand for cloud services and the lower availability of skilled employees during the period drove the demand for desktop virtualization.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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Global Precision Ball Screw Market Size Was Valued At $1,571.0 Million In 2019 | Registering A CAGR Of 5.1% From 2020 To 2027

Precision Ball Screw Market by Type and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global precision ball screw market size was valued at $1,571.0 million in 2019, and is projected to reach $2,043.9 million by 2027, registering a CAGR of 5.1% from 2020 to 2027.

Growth of the global precision ball screw market is driven by growth in semiconductor, aerospace, and medical diagnostic equipment industries. Technological advancements such as industrial automation, robotic surgery, and robotic material handling is expected to boost the demand for precision ball screw across the globe. They are used in industries such as semiconductor manufacturing, medical diagnostic equipment, and aviation & aerospace owing to its features and properties such as precision, accuracy, repeatability, high load bearing capacity, and low friction to movement.

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The outbreak of COVID-19 has a negative impact on the manufacturing and production of precision ball screws in the first and second quarter of 2020, and is likely to hamper the growth throughout the year. This has further affected the demand for precision from developing countries, including India, China, and others; thereby, halting the production activities. In addition, the disruption of supply chains is causing hindrance in manufacturing of the precision ball screw around the globe.

The key players operating in the global precision ball screw market have adopted product launch and acquisition as their key developmental strategies to strengthen their foothold in the global market. For instance, in November 2019, THK Co. Ltd. has launched new ball screws under N Series. These ball screws have hollow shaft which allows forced cooling of ball screw and hence increase its working life.

Asia-Pacific serves as the most productive region compared to others with diverse industry verticals significantly investing for business expansion and growth in semiconductor and aerospace sectors is anticipated to boost demand for precision ball screws. Asia-Pacific dominated the market in 2019, in terms of revenue, accounting for around 46.0% of the global precision ball screw market share, followed by Europe. The economy of Asia has increased over past couple of years, owing to rapid industrialization, which boosts growth of aerospace, semiconductor, and healthcare industries. This, in turn, is expected to fuel the precision ball screw market growth during the forecast period.

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By type, the ground segment accounted for the largest share in the global precision ball screw market in 2019, and is expected to witness significant growth during the forecast period, owing to technical innovations and deployment in semiconductor and medical devices industries. In terms of application, the semiconductor segment secured highest share in the precision ball screw market in 2019, and is expected to grow at a CAGR of 6.4% during the forecast period, owing to increase in the manufacturing sector around the globe. These factors are expected to provide lucrative growth opportunities to market players in developing economies.

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Key Findings Of The Study
• The report provides an extensive the global precision ball screw market analysis of the current and emerging precision ball screw market trends and dynamics.
• Depending on type, the ground segment dominated market, in terms of revenue in 2019 and is projected to grow at a significant CAGR during the forecast period.
• By application, the semiconductor segment registered highest revenue in 2019.
• LAMEA region is projected to register the highest growth rate in the coming years.
• The key players within market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the precision ball screw industry.

Key players :


Barnes Industries Inc., Bosch Rexroth, Hiwin Corporation, Koyo Machinery, Kuroda Precision Industries, Nidec Corporation, PMI Group, Schaeffler AG, SKF, and THK Co. Ltd.

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Captive Power Generation Market Estimated to Experience a Hike in Growth By 2030

Residential and commercial construction projects are on the rise in developing countries, and developed countries have a significant impact on stationary power generation. An increase in infrastructure activities will escalate the demand for steel and cement. The growing demand for these raw materials for infrastructure development will drive the demand for captive power generation to meet the needs of the growing construction market trends. Rapid innovation in renewable energy sources and government regulation to go zero carbon by 2050 are the key drivers of capital investment in solar, tidal, and wind. However, continuous fluctuations in the prices of crude oil and the political impact on the export of crude oil and related petroleum products hamper the growth of the captive power generation market.

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Rapidly growing demand for power to run power-consuming manufacturing industries across developing and developed countries is one of the major factors fueling the demand for the Captive power generation market. The surge in industrialization and urbanization across developing countries and the shift in the movement of individuals from the rural to urban areas led to the rise in the construction sector which has positive impact on the power-consuming industries such as cement manufacturing industries, iron & steel manufacturing industry, and other chemical industries have led to the development of captive power generation market. The increase in the cost price of industrial electricity and the need for an uninterrupted power supply in order to avoid losses and provide services to the consumers; in addition to this, the rapid innovation in the development of renewable energy resources and the government support for the renewable energy resources will provide ample opportunities for the.

A captive power generation plant, also known as a self-generating plant, is a facility that produces electricity used and managed by industrial or commercial energy consumers for their own energy consumption. It can operate off-grid or can be connected to the grid to trade in excess electricity. Capacity power plants are commonly used by energy-intensive industries where the continuity and quality of the power supply are crucial, such as aluminum smelters, steel mills, chemical plants, and other factories. Solar PV innovation and investment will significantly reduce costs and enable less energy-intensive industries to economically disconnect from the grid by combining solar power with an electricity generator or cogeneration unit with battery systems.

The global captive power generation market is segmented into technology type, fuel type, ownership, end use, and region.

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Depending on the technology type, the market is categorized into the heat exchanger, turbines, gas engines, transformers, and others. In terms of value, the gas engines segment accounted for the largest share in 2020. On the basis of fuel type, the global captive power generation market is categorized into diesel, gas, coal, and others. In terms of value, the coal segment accounted for the largest share in 2020.

By ownership type, the market is bifurcated into single and multiple. In terms of value, multiple segments accounted for the largest share in 2020. The end uses of the captive power generation market include residential, commercial, and industrial. In terms of value, the industrial segment accounted for the largest share in 2020.

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest share of the market in 2020, with Asia-Pacific being the fastest-growing region. The major companies profiled in this report include ADC LLC, ArcelorMittal S.A., Clarke Energy, General Electric Company, Hindalco, Kohler Co., PBS Group, Reliance Industries, Siemens, and Wartsila.

In addition to the abovementioned companies, Bharat Heavy Electrical, Doosan Corporation, Essar Steel, Thermax, and NALCO India are competing for the share of the market through product launches, joint ventures, partnerships, and expanding the production capabilities to meet the future demand for the captive power generation in the forecast period.

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Key findings of the study

  • By region, Asia-Pacific accounted for the largest market share in 2020.
  • By Technology type, the gas engine segment holds the largest market share in 2020.
  • By Fuel Type, the coal segment holds the largest market share in 2020.
  • By ownership, the multiple ownership segment holds the largest market share in 2020.
  • By End-use, the industrial segment accounted for the largest captive power generation market share in 2020.

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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Gluten-Free Products Market Forecasts to 2027 | Global Industry Growth, Share, Size, Trends

The global gluten-free products marketgenerated $4.3 billion in 2019, and is estimated to reach $7.5 billion by 2027, registering a CAGR of 7.2% from 2020 to 2027.

The global gluten-free products consumption has been on the rise marking a positive trend on bakery and ready meals global trend, which is attributable to the rise in awareness about various health benefits associated with the consumption of gluten-free products. North America and Europe has witnessed higher concentration of gluten-free food products consumption. 

Gluten-free products are generally more expensive than the regular food products containing wheat ingredients. This is attributable to the additional costs incurred on developing gluten-free food products. According to the Gluten-Intolerance Group of North America, celiac shoppers estimated that up to 30% of their entire monthly grocery bill was spent on gluten-free products. Consumers with gluten intolerance are expected to have less preference over gluten-free food products due to high pricing of these products.

Request The Free Sample PDF Of This Report : https://www.alliedmarketresearch.com/request-sample/1810Leading market players analyzed in the research include ConAgra food Inc., General Mills, Inc., Hain Celestial Group, Inc., The Kraft Heinz Company, Kellogg Company, Mondelez International Inc., Freedom Foods Group Limited, Quinoa Corporation, Koninklijke Wessanen N.V., and Valeo Foods Group Limited.

Covid-19 scenario:

  • The gluten-free products market will not be affected much during the months of coronavirus pandemic, as these products come under essential goods. The demand has been declined as people are becoming more conscious about buying food products.
  • However, the production has been slowed down and carried out with minimum number of workers due to the government guidelines during Covid-19 pandemic.

The report offers a detailed segmentation of the global market based on type, distribution channel, and region.

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Based on type, the gluten-free bakery products segment contributed to the largest share in 2019, accounting for nearly three-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the gluten-free baby food segment is expected to register the highest CAGR of 10.5% from 2020 to 2027.

Based on distribution channel, the convenience stores segment accounted for the largest share in 2019, holding more than two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the drugstores & pharmacies segment is estimated to portray the highest CAGR of 8.1% during the forecast period.

Based on region, Europe contributed the highest share, accounting for nearly half of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, North America is expected to grow at the highest CAGR of 9.5% from 2020 to 2027.

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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.

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.

Application Gateway Market Value to Cross USD 4.24 Billion by 2030

According to the report published by Allied Market Research, the global application gateway market was estimated at $1.75 billion in 2020 and is expected to hit $4.24 billion by 2030, registering a CAGR of 9.5% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Rise in number of different application-layer attacks and surge in demand for secure networks drive the growth of the global application gateway market. On the other hand, lack of mandatory regulations for information security impede the growth to some extent. However, an increase in the adoption of the Internet of things, AI, and software-defined network technologies are expected to create lucrative opportunities in the industry.

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The global application gateway market is analyzed across component, organization size, industry verticals, and region.

Based on component, the software segment accounted for the major share in 2020, holding nearly three-fifths of the global market. The service segment, however, would exhibit the fastest CAGR of 10.5% throughout the forecast period.

Based on enterprise size, the large enterprises segment generated the highest share in 2020, accounting for more than half the global application gateway industry. The SMEs segment, on the other hand, would exhibit the fastest CAGR of 10.7% from 2021 to 2030.

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Based on region, the market across North America held the lion’s share in 2020, garnering nearly two-fifths of the global market. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 11.1% by the end of 2030. The other provinces studied in the report include Europe and LAMEA.

The key market players analyzed in the global application gateway market report include Aculab, Microsoft Corporation, Akamai Technologies, Citrix Systems, Inc., Barracuda Networks, Inc., Forcepoint, F5, Inc., Zscaler, Inc., Palo Alto Networks, and SAP SE. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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Key Findings of the Study –

  • By component, the software segment accounted for the largest application gateway market share in 2020.
  • By region, North America generated highest revenue in 2020.
  • By enterprise size, the large enterprise generated the highest revenue in 2020.

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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.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

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Global Piping System And Piping Spools Market Size Was Valued At $4.8 Billion In 2019 | Registering A CAGR Of 4.5% From 2020 To 2027

Opportunity Analysis and Industry Forecast, 2020–2027,” the global piping system and piping spools market size was valued at $4.8 billion in 2019, and is expected to reach $6.0 billion by 2027, registering a CAGR of 4.5% from 2020 to 2027. In 2019, the carbon steel segment dominated the market, in terms of revenue, accounting for over one-thirds of the global piping system and piping spools market share.

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Increase in exploration and drilling activities for oil around the globe is expected to cater to the growth of the market. In addition, rise in use of piping spools in end users such as petroleum and transport, is anticipated to garner the growth of the global piping system and piping spools market. Factors such as surge in adoption of stainless-steel pipe, owing to its aesthetic look, robust, and long durable features, is anticipated to boost the growth of the piping system and piping spools market. Increase in use of spooling applications in piping system is anticipated to provide lucrative opportunities for the growth of the piping system and piping spools market. On the contrary, huge capital investment required and fluctuation in raw material prices are anticipated to hamper the growth of the global piping system and piping spools market.

A rise in drilling and exploration of oil and gas is anticipated to fuel the growth of the market. Moreover, rise in use of pipe spools in end-users such as power plant, chemical, and others, are expected to supplement the growth of the market. For instance, in December 2018, L & T Hydrocarbon Engineering, a subsidiary of Larsen & Turbo Limited, constructed a new project named as 3 Gas PDM’S Project in Saudi Arabia. In addition, rise in use of stainless-steel material owing to its robustness and corrosion control, is projected to fuel the growth of the market. On the contrary, high initial capital investment, fluctuation in raw material prices, and availability of substitute products are projected to hamper the growth of the market.

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Major players are offering fabricated stainless-steel pipe to the market. For instance, in September 2018, Hebei Haihao Group offered stainless steel pipe and alloy steel pipe spools for construction of belts, and roads. The stainless-steel pipe spools is available in size of 40”. An increase in use of spooling application in the piping system is anticipated to provide lucrative opportunities for the growth of the market. In addition, technological advancement in the piping spools industry is expected to provide lucrative opportunities for the growth of the piping system and piping spools market.

Owing to the coronavirus situation, various manufacturers in the global piping system and piping spools market had to shut down their business production due to the lockdown implemented in countries such as China, the U.S., India, and others. This break has directly impacted the sales of piping system and piping spools companies. Also, lack of man power and raw material halted the supply chain of piping spools products. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of the piping system and piping spools market at their full-scale capacities.

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The global piping system and piping spools market is segmented on the basis of material, end-user, and region. On the basis of material, it is classified into stainless steel, carbon steel, alloy steel, and others.

Stainless- steel segment registered the highest revenue in 2019. On the basis of end-user, the market is divided into power plants, petroleum refineries, offshore & marine, and chemical & fertilizers, and others. Petroleum refineries segment accounted for the highest revenue in 2019.

Region wise, the global piping system and piping spools market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

The key players profiled in the piping system and piping spools market report include Dee Piping System, Metal Forge India, Prosaic Steel and Alloys, U.S. Pipe, Cogbill Construction LLC, ChelPipe Group, CCI Leidingsystemen B.V., Yena Engineering B.V., Cimtas Pipe Fabrication and Trading Co Ltd., and Arabian International Co for Steel Structure (AIC).

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Key Findings Of The Study

The report provides an extensive analysis of the current and emerging piping system and piping spools market trends and dynamics.
By material, the carbon steel segment registered highest revenue in the piping system and piping spools market in 2019.
Depending on end-user, the petroleum refineries segment dominated the piping system and piping spools market, in terms of revenue in 2019 and is projected to grow at a substantial CAGR during the forecast period.
Region wise, Asia-Pacific garnered the largest piping system and piping spools market share in 2019.
The key players within the piping system and piping spools market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the piping system and piping spools industry.
The report provides an extensive analysis of the piping system and piping spools market trends and emerging opportunities of the market.
The global piping system and piping spools market forecast analysis from 2020 to 2027 is included in the report.


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Accounting & Budgeting Software Market Expected to Hit $47.97 Billion by 2031

quote Increase in technological advancements in accounting & budgeting software for precise and accurate performance is expected to create lucrative opportunities for the market in upcoming years. quote

According to a new report published by Allied Market Research, titled, “Accounting & Budgeting Software Market,” The accounting & budgeting software market was valued at $16.85 billion in 2021, and is estimated to reach $47.97 billion by 2031, growing at a CAGR of 11.4% from 2022 to 2031.

The demand for accounting & budgeting software has increased considerably during the COVID-19 pandemic. This is attributed to increased demand for recording financial data precisely owing to the trend of remote working.

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Moreover, accounting & budgeting software market is expected to witness growth with the increased adoption among various small & medium sized enterprises. These factors significantly contribute towards accounting & budgeting software market trends. Thus, these factors promoted the growth of the accounting & budgeting software industry during the pandemic situation.     

KEY FINDINGS OF THE STUDY

  • By offering, the solution segment accounted for the highest accounting & budgeting software market share, in terms of revenue in 2021.
  • On the basis of industry vertical, the healthcare segment is expected to exhibit the fastest growth rate during the forecast period in accounting & budgeting software market.
  • Region wise, North America generated the highest revenue of accounting & budgeting software market size in 2021.  

The key players operating in the accounting & budgeting software market analysis include Coupa Software, Inc., FreshBooks, Intuit Inc., Microsoft, MIP Fund Accounting, Oracle, Planful, Prophix, QuickBooks, Quicken, The Sage Group plc, SAP SE, Scoro Software, Vena Solutions, Wave Financial Inc., Xero Limited and Zoho Corporation Pvt. Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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.

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Diaphragm Pump Market to Expand with Significant CAGR during 2030

A diaphragm pump is a hydraulically or mechanically actuated positive displacement pump that uses a combination of reciprocating action and either a flapper valve or a ball valve to transfer liquids. Diaphragm pumps are self-priming and are ideal for viscous liquids. Virtually all major industries utilize diaphragm pumps which are commonly used to move abrasive fluids, including concrete, or acids and chemicals. They are also common in automobiles and aircraft.  In addition, a diaphragm pump is also known as a membrane pump, air-operated double diaphragm pump (AODD), or pneumatic diaphragm pump.

Rapidly growing Urbanization and industrialization play vital for every sector and nation since urbanization led to increasing water and wastewater activities which led to an increase in the demand of diaphragm pump.

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 Diaphragm pumps use the up-and-down movement of a cupped, elastic surface to generate liquid flow. This surface, found within the pump, is typically made from polytetrafluoroethylene (PTFE), Teflon, synthetic rubber, or a similar material. When the surface is pushed into the liquid, it adds pressure and displaces a certain amount of fluid. When it is pulled back from the liquid, it draws in more fluid. The diaphragm pump uses check valves to prevent the backflow of fluid through the entry valve. Diaphragm pumps are highly used as a common sites in many industries. There is an extensive number of construction materials available to produce a bewildering number of configurations to accommodate difficult fluids such as corrosive chemicals, volatile solvents, viscous, sticky fluids, shear-sensitive foodstuffs, and pharma product dirty water and abrasive slurry smaller solids, creams, gels, and oils.

Diaphragm pumps are highly used in pharmaceuticals, oil & gas, food & beverages, and other industries. In addition, the rising demand for medicines, gasoline, and other food products across the globe may act as the major driving factor for the market. Moreover, the rising demand for diaphragm pumps in government projects may also act as a major opportunity factor for the market.

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The global diaphragm pump market is segmented on the basis of mechanism, operation, discharge pressure, end-user, and region. Depending on the mechanism, the market is categorized into air-operated and electrical-operated. On the basis of operation, it is divided into single-acting and double acting. On the basis of discharge pressure, it is classified into up to 80 bars, 80 to 200 bars, and above 200 bars. On the basis of end-user, it is classified into water & wastewater, oil & gas, chemicals & petrochemicals, pharmaceuticals, food & beverage, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global diaphragm pump market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Dover Corporation, Flowserve Corporation, GemmeCotti Srl, Graco Inc., Grundfos Holding A/S, IDEX Corporation, Ingersoll Rand, LEWA GmbH, Tapflo AB and Xylem.

The global diaphragm pump market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2030. The report includes a study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the diaphragm pump market growth.

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Key findings of the study

  • On the basis of the mechanism, the air-operated segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
  • On the basis of operation, the double-acting segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
  • On the basis of discharge pressure, the up to 80 bars segment registered the highest market share and is projected to maintain the same during the forecast period.
  • On the basis of end-user, the water & wastewater segment registered the highest market share and is projected to maintain the same during the forecast period.
  • On the basis of region, the Asia-Pacific registered the highest market share and is projected to maintain the same during the forecast period

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.

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
UK: +44-845-528-1300
Hong Kong: +852-301-84916
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help@alliedmarketresearch.com
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Thyroid Ablation Devices Market Will Turn over $1.29 Bn to success Revenue to Cross 10.6% in the Forecast Period

Allied Market Research recently published a report, titled, Thyroid Ablation Devices Market by Type (Image-guided Ablation, Radiofrequency Ablation, Microwave Ablation, and Others), Application (Thyroid Cancer, and Thyroid Nodules), and End User (H Hospitals and Clinics, Ambulatory Surgical Centers, Cancer Specialty Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global thyroid ablation devices industry generated $472.8 million in 2020, and is estimated to reach $1.29 billion by 2030, witnessing a CAGR of 10.6% from 2021 to 2030.

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Major Market Players

  • Boston Scientific Corporation
  • BVM Medical System
  • Integra LifeSciences
  • Johnson & Johnson
  • Medtronic Plc
  • Medwaves Inc.
  • Olympus Corporation
  • STARmed Co., Ltd.
  • Terumo Corporation
  • Theraclion

By Type

  • Image-guided Ablation
  • Radiofrequency Ablation
  • Microwave Ablation
  • Others

By Application

  • Thyroid Cancer
  • Thyroid Nodules

By Distribution Channel

  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Cancer Specialty Centers
  • Others

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