A Market Place Research – Page 1242

Contraceptives Market Size Expected to Reach $50.6 Billion by 2030

Contraceptives market size was valued at $26,321.50 million in 2020, and is estimated to reach $50.6 Billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. The use of advanced contraceptive methods and emergency contraceptives methods, especially for teenagers, and increase in awareness regarding sexually transmitted infections (STIs) are the major factors responsible for the growth of the contraceptives market. Increase in popularity of female condoms, custom-fit condoms, and other novel products fuels the demand for contraceptives, especially in developed regions. Furthermore, rise in adoption of modern contraceptives in the developing economies has significantly contributed to the market growth. However, sociocultural influences of contraceptives and side effects, such as infertility resulting from the use of contraception are the major impediments to the market growth.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

The report provides a comprehensive analysis of the key players that operate in the contraceptives market, namely, Veru Inc., Teva Pharmaceutical Industries Limited, Abbvie Inc., Bayer AG, Pfizer, Inc., Cooper Companies, Inc., Ansell LTD., Mayer Laboratories, Merck & Co., Inc., and Church & Dwight, Co., Inc.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 https://www.alliedmarketresearch.com/request-sample/451
𝗖𝗼𝘃𝗶𝗱-𝟭𝟵 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼:

Several manufacturers in the global contraceptives industry stopped their business activities in 2020 due to lockdowns implemented in developed and developing countries, owing to ban on industrial activities due to the COVID-19 pandemic. This halt in production activities impacted the revenue of the contraceptives manufacturing companies. For instance, net sales of Teva Pharmaceuticals Industries Limited dropped by 4.7% from January 2021 to December 2021. In addition, lack of man power and raw materials affected the supply chain of the global contraceptives market. However, the market is projected to cover from the 1st quarter of 2023, due to reduced restrictions and reopening of the global contraceptives industry. Moreover, in 2021, with the availability of vaccine against COVID-19, the market re-opened at full pace with a start of 2022.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/451
On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for majority share in the contraceptives market in 2020. This market is expected to maintain its lead during the forecast period due to increase in awareness among the population, upsurge in adoption of modern contraceptives, and rise in prevalence of sexually transmitted diseases such as HIV/AIDS. Contraceptives market forecast from 2020 to 2030.

The U.S. contraceptive market accounts for the largest share in the overall North America contraceptive market. Asia-Pacific region is expected to grow at the fastest pace during the study period, owing to high population base and proactive initiatives of governmental organization for birth control. Moreover, technological advancements and cost-effective contraceptive products in these regions offer lucrative opportunities to contraceptive manufacturers. Initiatives taken by regulatory bodies and government organizations to mandate the use of barrier contraceptives, such as condoms, have significant impact on the growth of the contraceptive market. Contraceptive methods for home use are effective and convenient, owing to the cost-effectiveness of these products. Advancements in contraceptive techniques and launch of awareness programs by government agencies and other regulatory bodies to increase household usage of contraceptives drive the markets in Asia-Pacific and LAMEA regions. Asia-Pacific region has highest contraceptives market size.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Neuroprosthetics Market

Mouth Ulcers Treatment Market

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Automated Liquid handling systems market Is Growth Is Expected To Accelerate At A Whopping 9.4% CAGR By 2030

Factors that drive the growth of the global automated liquid handling market include rise in adoption of ALH in emerging countries, technological advancements in ALH systems, and surge in demand for miniature process equipment. However, high costs of instruments and complex operability of advanced ALH are expected to hinder the market growth. Conversely, untapped potential of emerging markets the lucrative growth of the market.

The automated liquid handling market was valued at $960.98 million in 2020, and is estimated to reach $2.4 Billion by 2030, growing at a CAGR of 9.4% from 2021 to 2030.

Automated liquid handling (ALH), a class of medical devices that dispenses a selected quantity of reagents, samples and other liquids to a designated container. Automated liquid handling instruments are used in laboratories for drug discovery, forensics, materials science, molecular biology, clinical research, and pharmaceutical development.

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Coronavirus (COVID-19) was discovered in late December, 2019, in Hubei province of Wuhan city in China. The disease is caused by a virus, namely, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted among humans. Testing for COVID-19 has been an ongoing bottleneck in the fight against COVID-19. Overall, the impact of COVID-19 on the automated liquid handling industry was recorded to be fairly positive. This was attributed to increase in customizations of automated liquid handling systems by different automated liquid handling suppliers specifically for work related to coronavirus. For instance, in April 2020, Hamilton Company and Zymo Research Corporation announced that they have collaborated and launched MagEx STARlet assay-ready workstation with Quick-DNA/RNA Viral MagBead Kit protocol to extract pure DNA/RNA from the novel coronavirus, SARS-CoV-2. The jointly developed automated solution offers significant advantages compared to manual processing of samples via traditional time-consuming methods such as spin columns.

COVID-19 Scenario

The outbreak of COVID-19 has had a positive impact on the growth of the global automated liquid handling market, owing to the surge in need to process specimens faster in the laboratory for research purposes regarding COVID-19 virus.
Thus, rise in customizations of automated liquid handling systems by different automated liquid handling suppliers, especially for coronavirus related works, positively impacted the market.

On the basis of end user, the biotechnology & pharmaceutical companies segment dominates the market and is expected to grow at a CAGR of 8.9% during the forecast period. Increase in use and application of ALH systems to carry out high throughput screening in the biotechnology & pharmaceutical industry is expected to boost the market growth.

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The key players of the market analyzed in the global automated liquid handling market include Corning Incorporated, Danaher Corporation (Beckman Coulter Inc.), Eppendorf AG, Gilson, Inc., Hamilton Company, AgilentTechnologies, Inc. (Biotek Instruments, Inc.), Aurora Biomed Inc., Mettler-Toledo International Inc., Perkinelmer, Inc., Tecan Group Ltd.

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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.

Protein Therapeutics Market to Reach US$ $566.66 billion at a CAGR Of 7.1% Owing To Technological Developments In Robotics By 2030

As per the report, the global protein therapeutics industry accounted for $283.64 billion in 2020, and is expected to reach $566.66 billion by 2030, growing at a CAGR of 7.1% from 2021 to 2030.

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Growth of the global protein therapeutics market is attributed to increase in prevalence of chronic diseases, surge in development of protein-based therapies, and various strategies adopted by key players of the market. Moreover, increase in healthcare expenditure and approval of new products are expected to further drive the market growth during the forecast period.

Therapeutic proteins are an important class of drugs, which serve patients in need of novel therapies. Approved recombinant protein therapeutics are developed to treat a wide array of clinical indications, including cancers, genetic disorders, infectious diseases, and metabolic disorders.

Covid-19 scenario:

The Covid-19 pandemic had a positive impact on the growth of protein therapeutics due to surge in chronic diseases and increase in demand for therapeutic drugs.
The number of clinics and hospitals across the globe increased during the pandemic, which supplemented the demand for protein therapeutics.
However, the prolonged lockdown and disruptions of manufacturing and transportation of healthcare essentials hinder the market.

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High development & manufacturing cost, high treatment costs per patient, stringent government regulations, and complex reimbursement scenario are expected to impede the protein therapeutics market growth. Conversely, high market potential in the untapped emerging economies, rise in various product launches, partnerships, and collaborations among governments & key players, and development of pipeline products are expected to provide many opportunities for the market growth during the forecast period.

Key Findings of the Study

By product, the monoclonal antibodies segment was the highest contributor to the protein therapeutics market in 2020.
On the basis of application, the metabolic disorders segment was the highest contributor to the protein therapeutics market in 2020.
Region wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

By region, the market across North America dominated the market in 2020, holding nearly half of the market, due to increase in chronic diseases, rapid adoption of advanced technologies, and presence of key players in the region. However, the market across Asia-Pacific is expected to register the highest CAGR of 8.7% during the forecast period, owing to rapidly growing geriatric population, surge in public-private investment, and increase in number of initiatives for healthcare awareness.

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Major market players

Abbott Laboratories
Baxter International Inc.
Amgen Inc.
F. Hoffmann-La Roche Ltd.
Eli Lilly and Company
Merck & Co., Inc.
Johnson & Johnson (Janssen Pharmaceuticals)
Pfizer Inc.
Novo Nordisk A/S

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Epigenetics Market Share Is Projected To Reach US$4.1 billion at a CAGR of 14.8% By 2030

The growth of the global epigenetics market is attributed to increase in oncology cases, surge of other chronic diseases and its rising application for non-oncology applications. Moreover, increase in R & D for epigenetics is expected to further drive the market growth during the forecast period.

According to the report published by Allied Market Research, the global epigenetics market was estimated at $1.0 billion in 2020 and is expected to hit $4.1 billion by 2030, registering a CAGR of 14.8% from 2021 to 2030.

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High-end technological advancements associated with epigenetics, rise in incidences of cancer, surge in genome mapping programs, and growing number of R&D activities drive the global epigenetics market. On the other hand, standardization concerns over epigenetics-based diagnostics and dearth of skilled professionals impede the growth to some extent. However, several growth opportunities in the emerging economies have created an array of lucrative prospects for the key players in the industry.

Rise in cancer prevalence; increase in funding & aids for R&D activities; rise in partnership between academic, pharmaceutical, & biotechnology companies for epigenetics studies; and increase in application of epigenetics in non-oncology diseases majorly drives the market growth. In addition, various product launch, collaborations, and other developmental strategies among key players further drive the market.

Covid-19 Scenario-

Rise in number of epigenetic researches and increase in awareness of epigenetic drugs for the treatment of coronavirus infection has had a positive impact on the global epigenetics market.
This drift is most likely to continue till the pandemic is completely over.

The kits segment to retain the lion’s share-

On the basis of products, the kits segment held the major share in 2020, garnering nearly two-fifths of the global epigenetics market. Availability of an array of different kits fuels the growth of the segment. The instruments segment, on the other hand, is projected to cite the fastest CAGR of 16.3% throughout the forecast period, due to development and launch of various instruments for epigenetic purposes.

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On the basis of region, the epigenetics market size of North America generated revenue worth $468.84 million in 2020, and is anticipated to dominate the global epigenetics market in the future. This is attributed to developed healthcare infrastructure, wide availability of advanced epigenetics products, large presence of key players, and presence of trained medical professionals. However, Asia-Pacific is expected to witness highest growth rate during the forecast period, owing to rise in awareness related to epigenetics industry, increase in penetration of key players in emerging countries in Asia-Pacific, and development in infrastructure for research and clinical settings.

Key players in the industry-

Abcam Plc.
PerkinElmer, Inc.
Zymo Research
QIAGEN N.V.
Merck Millipore
Agilent Technologies, Inc.
Illumina Inc.
Active Motif, Inc.
Hologic Inc.
Thermo Fisher Scientific Inc.

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Industrial Floor Coating Market Set to Reach $4,441.8 Million by 2030

The global Industrial Floor Coating Market size was valued at $5.8 billion in 2020, and is projected to reach $9.4 billion by 2030, registering a CAGR of 4.8% from 2021 to 2030. On the basis of resin type, the epoxy segment is expected to witness a growth rate of 5.2% from 2021 to 2030 and reach $4,441.8 million in 2030.

Top Companies

Key companies profiled in the industrial floor coating report include BASF SE, Cipy Polyurethanes Pvt. Ltd., Cornerstone Flooring, Don Construction Products Ltd., Fosroc, Inc., MAPEI S.p.A., RPM International Inc., Sika AG, Twintec Group Limited, and VIACOR Polymer GmbH.

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Floor coatings are strong, protective coverings that are often utilized for industrial or commercial flooring when corrosion or excessive wear is expected. These floor coverings are also utilized to brighten or define facilities, direct traffic, and hide discolored concrete, among other things.
The global industrial floor coating report offers quantitative and qualitative analysis of the market from 2021 to 2030. The qualitative study emphasizes on the value chain analysis, pain point analysis, and key regulations

Based on flooring material, the concrete segment was the highest contributor to the market, with $3,016.4 million in 2020, and is estimated to reach $4,960.3 million by 2030. The key players in the market are offering industrial floor coating solutions as per the strict regulations set forth by authorities such as the U.S. EPA (U.S. Environment Protection Agency) and the U.S. FDA (U.S. Food and Drug Administration). For instance, BASF SE based in Germany offers polyaspartic flooring systems that are low odor and VOC compliant as per the U.S. FDA standards. These factors are expected to propel the industrial floor coating market growth during the forecast period.

Growth of the construction sector in residential and commercial sectors has led to a favorable market for industrial floor coating goods to fulfill the need for long-lasting industrial floors from a fast-increasing population. Furthermore, epoxy type floor coating prevents water from leaking into the flooring and causing damage by sealing it against moisture. In addition, it provides a mildew-resistant barrier. However, there are a number of issues with epoxy floors in houses, both during the installation and maintenance processes. Thus, key players in this market have expanded businesses to improve the production rate of epoxy type floor coating. For instance, in June 2021, Lubrizol Corporation moved its production unit to its new plant in Carlton, UK. This will allow the company to serve new and future customers who require epoxy floor coating.

Region-wise, the industrial floor coating market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor in 2020, which is expected to exhibit the highest CAGR from 2021 to 2030. This is attributed to the fact that emerging economies, such as India, China, Bangladesh, and others, in the region are witnessing increase in industrial development projects.

Moreover, rapid economic recovery significantly drives the industrial floor coating growth in this region.

The players operating in the global industrial floor coating have adopted product launch as their key developmental strategy to strengthen their foothold in the global market. For instance, in March 2020, Sika AG, a Swiss multinational specialty chemical company launched Comfort Floor Marble FX, a resin flooring system, which is available in different colors and artistic design. Similarly, in September 2020, the U.S.-based PPG Industries, Inc., a global supplier of paints, coatings, and specialty material, developed PPG flooring coatings, which is a coating system that include base coats, prime coats, & topcoats and offers optimum performance based on the specific work environment.

The outbreak of COVID-19 has negatively impacted the industrial floor coating market, which is expected to hamper the growth of the market throughout the year. This has further affected the demand for epoxy and other flooring materials from developing countries, including India and China, thereby halting the production activities. In addition, disruption of supply chains is causing hindrance in production of industrial floor coating materials around the globe. All these factors together are anticipated to negatively impact the market growth.

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Land Survey Equipment Market to Garner CAGR of 6.1% Forecast by 2030

The Land Survey Equipment Market size was valued at $7.3 billion in 2020, and is estimated to reach $13.4 billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030.

In 2020, the construction segment dominated the market, followed by the oil & gas segment. The land survey equipment market includes revenue generated by products used for surveying land by different process in several industries such as construction, mining, defense, and others.

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The land survey equipment market growth is mainly driven by rise in construction activities in developing countries. In addition, rise in application of remote operation of UAVs has led to rise in demand for drones. Moreover, advantages related to time saving and accuracy gained in data output also propel the market growth.

However, lack of skilled manpower operating land survey equipment and analysis technology acts as a restraint for the land survey equipment market. Moreover, renting and leasing of these land survey equipment led to restricted sales of land surveying equipment. In addition, lockdown was announced, owing to the outbreak of COVID-19, which, in turn, led to a halt in construction activities as well as other surveying activities. In addition, mining and oil & gas industries were also operating in limited capacity. This hampered sales of the land survey equipment. However, the upgraded technology used for data collection and its management is expected to boost the land survey equipment industry during the forecast period.

The land survey equipment market is segmented into product, industry, and application. On the basis of product, the market is divided into GNSS systems, total stations & theodolites, levels, 3D laser/laser scanners, unmanned aerial vehicles (UAVs), and others. Depending on industry, it is classified into construction, oil & gas, agriculture, mining, disaster management, and others. By application, it is segregated into inspection & monitoring, volumetric calculations, and layout points.

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Industrial Packaging Market Key Players, Business Statistics & Research Methodology

The Global Industrial Packaging Market was valued at $53,743 million in 2016, and is projected to reach at $69,787 million by 2023, registering a CAGR of 3.9% from 2017 to 2023. In 2016, the chemical & pharmaceutical segment accounted for approximately one-third share of the global market, in terms of revenue.

Top Companies

The key players operating in the global industrial packaging market are Grief, Inc., Mondi PLC., Amcor Limited, Westrock Company, International Paper Company, Bemis Company, Inc., Orora Limited, Mauser Group, Sigma Plastics Group, and Wuxi Sifang Drums Limited Company.

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Industrial packaging is used to pack products during or after manufacturing. These packed goods are often heavy, bulky, sensitive to external atmosphere, and hazardous to environment, thus is necessary to conserve the product during storage and transit. Industrial packaging encompasses drums, intermediate bulk containers (IBCs), sacks, pails, crates, and totes, which are made of materials such as paperboard, plastic, metal, wood, and fiber.

Increased globalization is a key factor that boosts the industrial packaging market. Rise in building & construction activities in Asia-Pacific is expected to drive the industrial packaging market during the forecast period, as several countries in this region are witnessing ongoing urbanization. In addition, growth in population across the globe boosts the food & beverages industry as industrial packaging preserves the food products and maintains its efficacy during transportation and distribution. Moreover, due to the rise in international trade, resulting in rise in the exports and imports, which involve long-distance travel and requirement of superior packaging standards in the international market lead to higher demand for industrial packaging.

In 2016, the chemical & pharmaceutical segment accounted for the highest share in the global market, and is expected to grow at a CAGR of 4.0% from 2017 to 2023. Chemicals are sensitive to external atmosphere and hazardous to environment; thus, large number of steel drum and rigid IBCs are required to store and ship the chemicals. The rise in geriatric population across the globe and growth in chronic diseases, boost the growth of pharmaceutical industry. Moreover, the growth in emphasis on rural health programs, lifesaving drugs, and preventive vaccines drives the pharmaceutical industry, thereby leading to the increased use of industrial packaging.

However, volatile organic compound (VOC) emission during the manufacturing and curing processes of plastic packaging has led to the formulation of various regulations on packaging manufacturers. Moreover, regulatory norms on industrial packaging related to food contact application and pharmaceutical products are expected to hamper the market growth. Conversely, increase in R&D activities for innovation of industrial packaging solutions are expected to provide new opportunities for the manufacturers.

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Industrial Brakes Market Key Drivers, Top Vendors, Segments and Forecast by 2030

The Industrial Brakes Market size was valued at $1.2 Billion in 2020, and is estimated to reach $2.0 Billion by 2030, growing at a CAGR of 4.1% from 2021 to 2030. Industrial brakes are the kind of systems that are used for construction, forestry, axle, trailer, defense, agricultural, material handling, and utility applications. These brakes tend to tone down or give complete stoppage to objects. These brakes include mechanism for holding or turning compact parts in their place when required. They change engine energy that is delivered through contact occurred between surfaces producing heat to halt movement of machines. These brakes give complete safety, which propels its use in different ventures.

Top Companies

The major players profiled in the industrial brakes market include AKEBONO BRAKE INDUSTRY CO., LTD., Altra Motion, Antec Group, Carlisle Brake & Friction, Comer Industries Spa (Walterscheid Powertrain Group), Coremo Ocmea S.p.A., Dellner Bubenzer , Eaton, Ringspann GmbH , SIBRE.

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Use of robots for different industries is on the rise. For instance, industrial robots are used for manufacturing applications to provide pick and place operations. Major risks associated with using large robots over different industries is the non-commanded motion that requires immediate action to stop robots. Brakes used for robots help in providing dynamic stopping during emergency and growing use of robots for better productivity in different industries and factories propels demand for industrial brakes. In addition, construction and manufacturing business is developing, owing to rise in government spending over framework projects and rise in interest for residential and commercial construction. Development projects bring more interest for construction equipment such as backhoes, excavators, graders, tractors, diggers, and numerous other construction machines utilized for development applications. These machines have different execution needs to deal with bigger measure of weight. Brakes involved help machines to deal with bigger amount of weight and rise in production and demand of construction equipment, which propels the industrial brakes market growth.

However, different countries are bringing industrial safety standards such as minimum safety standards in Europe that deals with safety and preventing injury and harm that could be caused to humans during the use of these equipment. This also prevents use and manufacturing of certain industrial machines, which limits manufacturing of industrial brakes. In addition, industrial brakes market comprise various sort of materials such as kevlar, fiberglass, strands, metal, and ceramic to give high toughness for normal everyday use. Hence, these materials utilized are higher in cost which leads to rise in cost of the industrial brakes. In addition, various cheaper alternatives like servo motors are restraining the market.

In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, which hinders growth of the industrial brakes market share. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.

On the contrary, production of electric and automatic vehicles is growing a result of explicit benefits it offers over manual working vehicles such as diminishing speed before the collision of the vehicle, giving safety to pedestrians, reducing speed of moving vehicles, and managing emergency situations. Brakes used in vehicles are outfitted with different sensors such as ultrasonic, infrared, radar, and lidar to scan objects and people nearby vehicles, providing instant action to diminish speed, which is expected to offer better safety for users that many manufacturers are nowadays focusing upon. Hence this is offering new opportunities for the industrial brakes market.

The global industrial brakes industry is segmented on the basis of type, application, end user industry, and region. By type, the market is divided into mechanical, hydraulic, pneumatic, electrical, and others. By application, it is divided into holding brakes, dynamic & emergency brakes, and tension brakes. By end user industry, it is divided into manufacturing, metal & mining, construction, marine & shipping, and others.

Region wise, the global industrial brakes 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, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa.).

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B2B Telecommunication Market Scenario Highlighting Major Drivers & Growth Forecast – 2030

Rise in adoption of IoT, surge in need for B2B telecommunication among governmental & private organizations, and increase in urbanization & industrialization across the globe drive the global B2B Telecommunication Market. However, high implementation cost of B2B telecommunication and privacy & security concerns hinder the market growth. On the contrary, integration of novel technologies would unlock new opportunities for the market players in the future.

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By enterprise size, the SMEs segment would register the highest CAGR of 15.9% during the forecast period, owing to the presence of small and medium-scale organizations and rise in need to enhance telecommunication systems among the SMEs to increase their business reach. However, the large enterprise segment held the largest share in 2020, accounting for nearly two-thirds of the global B2B telecommunication market, as it helps in auto-attendant and calls transferring.

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By industry vertical, the BFSI segment dominated the market in terms of revenue in 2020, contributing to around one-fourth of the global B2B telecommunication market, as it allows leading banks to securely process unique transactions as per business requirements in a day. However, the media and entertainment segment is projected to register the highest CAGR of 17.7% from 2021 to 2030, as it offers secure communication solution, which enables media houses to contact with big media houses and producers.

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By region, the market across North America held the largest share in 2020, contributing to around one-third of the market, due to increase in adoption of IoT and cloud-based products. However, the global B2B telecommunication industry across Asia-Pacific is anticipated to portray the highest CAGR of 16.1% during the forecast period, owing to the presence of several large-scale manufacturers and availability of high-speed communication networks across the region.

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Covid-19 scenario:

The Covid-19 pandemic encouraged the demand for B2B telecommunication due to lockdown restriction imposed by the government and adoption of work from home culture.
The majority of the companies adopted B2B telecommunication to transmit information in several forms including voice, sound, text, and video.

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Telecommunication Services Market

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Big Data Analytics in Education Market Share Growing Rapidly with Recent Trends and Outlook By 2030

Lucrative benefits of Big Data in education sector, increase in awareness about the changing learning system, and rise in investment in education sector to improve administrative services drive the growth of the global Big Data Analytics in Education Market. However, high initial investment cost restrains the market to some extent. On the other hand, surge in adoption of cloud-based learning analytics solution and advent of machine learning & artificial intelligence present new opportunities in the upcoming years.

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The report offers detailed segmentation of the global big data analytics in education market based on component, deployment model, application, and region.Based on component, the software segment held the highest market share in 2020, holding more than two-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the services segment is estimated to register the highest CAGR of 17.9% from 2021 to 2030.

Based on deployment model, the on premise segment held the largest market share in 2020, holding more than two-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the cloud segment is projected to register the highest CAGR of 19.9% from 2021 to 2030.

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Based on region, North America contributed to the highest share in terms of revenue in 2020, holding more than half of the total market share, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific is projected to manifest the fastest CAGR of 19.4% during the forecast period.

Leading players of the global big data analytics in education industry analyzed in the research include Alteryx, Inc., Blackboard Inc., Fintellix Solutions pvt. Ltd., LatentView Analytics, International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Tableau Software, TIBCO Software Inc.

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COVID-19 scenario:

The outbreak of the COVID-19 pandemic led to a significant growth of the global big data analytics in education market.
Due to the implementation of lockdown by governments in majority of the countries, there has been a huge rise in adoption of online teaching culture among students & teachers. This in turn, positively impacted the global big data analytics in education market.
Moreover, analyzing students’ performance, identifying the core area of students, and monitoring students after graduating from college are few important benefits of big data and business analytics in education, which foster the market growth.

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