A Market Place Research – Page 1284

Extended Detection and Response Market to Witness Huge Growth Of USD 6.7 Billion by 2031

According to the report published by Allied Market Research, the global extended detection and response market generated $980.3 million in 2021, and is expected to reach $6.7 billion by 2031, witnessing a CAGR of 21.5% from 2022 to 2031. The report offers an extensive analysis of changing market dynamics, top segments, value chain, competitive landscape, and the Covid-19 pandemic impact.

On the basis of component, solutions segment captured the largest Extended Detection and Response Market Share in 2021 and is expected to continue this trend during the forecast period as XDR solutions detects, automates, prevent and shield networks from cyber threats.

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However, services segmented is expected to witness highest growth in upcoming years since it complements software program implementation, maximize cost of existing installation by optimizing it, and minimizes deployment cost & risks, which further fuels increase of the extended detection and response market.

Depending on the deployment model, an on-premises segment dominated the market share in 2021, and is expected to continue this trend in the forecast period. This is because companies choose an on-premises version, due to excessive statistics security and much fewer data breach compared to cloud-based deployment models, which further drives demand for the on-premises deployment model within public and personal sectors. However, the cloud segment is expected to witness the highest growth.

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Depending on region, North America dominated the market in 2021. This is attributed to growing developments in technology and digitalization of market in this region leading to adoption of XDR solutions to protect critical data of organizations. However, Asia-Pacific is expected to witness highest growth in upcoming years owing to increased cyber threats and rapid shift towards cloud-based platforms in this region.

The extended detection and response market analysis was valued at $1167.49 million in 2022, and is projected to reach $ 6722.67 million by 2031, registering a CAGR of 21.5%. COVID -19 outbreak has significantly impacted the extended detection and response market. The global COVID-19 pandemic has drastically affected businesses across the world. It has positively impacted adoption of extended detection and response (XDR), owing to increased cyber threats.

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Covid-19 Scenario:

The Covid-19 pandemic impacted the entire business ecosystem across the world owing to lockdown restrictions that led companies to adopt remote working or work from home culture. It positively impacted the adoption of extended detection and response solutions and services, owing to rise in cyber threats on devices. With increasing trend of remote working and work from home culture, the requirement for managed security and extended detection and response surged drastically.
Companies are focusing on adopting emerging technologies such as edge computing, automation, and cloud-based endpoint detection and response across various industries such as BFSI, healthcare, and government. The adoption is aimed to carry out contactless operations safely and securely.

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Leading market players of the global extended detection and response market analyzed in the research include BitDefender, Broadcom Corp, Confluera, Cisco Systems Inc., Cynet, Crowstrike, McAfee, BlueShift Technologies, Sophos Group, IBM Corporation, Fortinet Inc., Elastic Inc., Microsoft Corporation, Trend Micro Inc., SentinelOne, and Palo Alto Networks Inc.

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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.

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Preformed Firestop Devices Market Latest Trend and Future scope with Top Key Players 3M Company, BASF SE, Etex Group, Hilti Group

The global preformed firestop devices market size was $284.0 million in 2020 and is expected to reach $522.2 million by 2030, registering a CAGR of 6.0% from 2021 to 2030. In 2020, sleeves & pathways segment dominated the global preformed firestop devices market accounting for two-fourths share of the market.

In addition, the Preformed Firestop Devices Market report outlines upstream raw materials, marketing channels, downstream customer surveys, and industry development trends that provide vital information about manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

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In addition, the report offers a SWOT analysis including information regarding driving and restraining factors of the market growth. Such statistical tools provide vital information regarding understanding lucrative opportunities in the market. The report is essential for market players and new industry entrants to devise their strategies and leverage the opportunities in the market.

The Preformed Firestop Devices Market report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.

Covid-19 scenario:

The global Preformed Firestop Devices report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.

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The report provides a study of the past and current market trends and evaluates the future opportunities. The Preformed Firestop Devices market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

Key Segments:

By Type –

Sleeves & Pathways
Fire Brick, Blocks, & Plugs
Others

BY APPLICATION

Plumbing
Electrical
Others

Major market players analyzed in the report:

3M Company, BASF SE, Etex Group, Hilti Group, Knauf Insulation, Morgan Advanced Materials, RectorSeal Corporation, RPM International, Inc., Sika AG, and Specified Technologies, Inc.

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

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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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Nutrunner Market Technological Innovations and Future Opportunities 2030 by Top Companies Aimco Global, Atlas Copco AB, Bosch

The global nutrunner market size was valued at $789.4 million in 2020, and is projected to reach $1,168.5 million by 2030, registering a CAGR of 4.1% from 2021 to 2030. Nutrunner is a power tool that is used to tighten or fasten nuts and bolts. It is made up of a driving clutch half and a driven clutch half that are connected by axially directed teeth to transfer torque. Nut runners are pneumatic, electric, or hydraulic power tools that are commonly used for appliance maintenance and are normally utilized for lower torque applications than ratchets and wrenches. There are numerous sorts of nut runners, depending on head styles and performance specifications, including in-line heads, offset heads, right-angle heads, crowfoot heads, and tube nut heads.

In addition, the Nutrunner Market report outlines upstream raw materials, marketing channels, downstream customer surveys, and industry development trends that provide vital information about manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

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The Nutrunner Market report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.

Covid-19 scenario:

The global Nutrunner report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.

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The report provides a study of the past and current market trends and evaluates the future opportunities. The Nutrunner market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

Key Segments:

BY TYPE

Electric Nutrunner
Pneumatic Nutrunner
Hydraulic Nutrunner

BY DISTRIBUTION CHANNEL

In Store
Online

Major market players analyzed in the report:

Aimco Global, Atlas Copco AB, Bosch Rexroth AG, Dai-Ichi Dentsu Ltd., Estic Corporation, Ingersoll Rand Inc., ITH bolting Technology, Maschinenfabrik Wagner GmbH & Co.AG, Sanyo Machine Works Ltd., Stanley Engineered Fastening

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Fire Hydrants Market Demand in Future 2021-2030 by Focusing Covid 19 Impacts

The global fire hydrants market size was $1.1 billion in 2020, and is expected to reach $1.8 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030. Fire hydrants are vital tools essential for any industry or industrial plant to regulate fire in case of fire or related disasters. Typically, a fire hydrant comprises a water pressurizing system, which is distributed all over a building using hoses and pipes. The fire hydrants market is competitive, owing to a huge level of fragmentation in the industry.

In addition, the Fire Hydrants Market report outlines upstream raw materials, marketing channels, downstream customer surveys, and industry development trends that provide vital information about manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

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The Fire Hydrants Market report offers a comprehensive study of the dynamic factors including drivers, restraints, challenges, and opportunities. The drivers and opportunities aid to understand the rapidly changing industry trends and their impact on the growth of the market. In addition, the restraints and challenges help understand profitable market investments. The report includes quantitative and qualitative analyses of the market.

Covid-19 scenario:

The global Fire Hydrant report includes an in-depth analysis of the impact of the Covid-19 pandemic on the market. Moreover, it helps the frontrunners in the industry to devise new strategies to gain a competitive edge over other companies and how to deal with sudden changes in value and supply chain without compromising the credibility of the business.

Get detailed COVID-19 impact analysis on the Fire Hydrants Market @ https://www.alliedmarketresearch.com/request-for-customization/7109

The report provides a study of the past and current market trends and evaluates the future opportunities. The Fire Hydrants market study focuses on the market trends and upcoming opportunities that help understand the driving factors of the market. In addition, the report offers granular, robust, and qualitative data.

Key Segments:

BY PRODUCT TYPE

Dry Barrel
Wet Barrel

BY OPERATING TYPE

Conventional
Smart

BY CONSTRUCTION

Underground
Above Ground

Major market players analyzed in the report:

American Cast Iron Company AVK International A/S, Compagnie De Saint -Gobain S.A., EJ Group, Inc, Grundfos Holding A/S, Kupferle Foundry Company, McWane, Inc, Mueller Water Products, Inc, Talis Management Holding GmbH, Terminal City Iron Works Ltd, Bocciolone Antincendio S.P.A., CSA S.R.L., HAWLE BETEILIGUNGSGESELLSCHAFT m.b.H., IMP Armature D.O.O., Rapidrop Global Ltd, Newage Fire Fighting Co. Ltd, NT Agni Solutions Pvt Ltd, Shaoxing Shangyu Hongye Fire Protection Equipment Factory (HONGYE), Smith & Sharks Projects Pvt Ltd, Steel Recon Industries SDN. BHD., Torvac Solutions PTY Ltd

The study of the market players covers the company overview, price analysis, and value chain, along with portfolio analysis of services and products. These players have adopted various strategies such as partnerships, new product launches, joint ventures, and mergers & acquisitions to maintain their foothold in the market.

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Construction Management Software Market | Exclusive Report on the Latest Revenue and Future Scope by 2031

Thriving construction sector and favorable government policies for promoting construction activities will embellish the expansion of the global Construction Management Software Market. Nevertheless, huge deployment and maintenance charges and low availability of skilled workforce can hinder the growth of the global industry.

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In terms of building type, the commercial buildings segment contributed to the highest market share in 2021, accounting for nearly three-fourths of the global construction management software market share. Moreover, the same segment is set to make notable contributions toward the global market share in 2031. The growth of the segment over the forecast timeline can be credited to the extensive use of construction management software for constructing commercial buildings.

In terms of application, the project management and scheduling segment contributed to the highest market share in 2021, accounting for nearly one-third of the global construction management software market share. Moreover, the same segment is set to make significant contributions toward the global market share in 2031. The growth of the segment over the forecast timeline can be credited to a huge demand for improving the quality of construction activities.

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By Region, North America contributed notably toward the global construction management software market share in 2021, and is projected to continue its dominance during the forecast period. The region accounted for more than one-third of the global construction management software market share in 2021. The regional market growth over the projected timespan is owing to favorable government policies. Nonetheless, the Asia-Pacific construction management software market is set to record the highest CAGR of 11.1% during 2022-2031.

The key players profiled in the construction management software market analysis are Autodesk, Inc, Construct Connect, Buildertrend, Bentley Systems, Inc., Oracle corporation, BrickControl.com, CMiC, BuildTools, e-Builder, Inc., Buildstar Technology, Odoo SA, Jonas Construction Software, Inc., Pland Grid, Inc., Sage group plc, Viewpoint, Inc., TRIMBLE, INC., and Systemates, Inc.

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Covid-19 scenario:

The COVID-19 pandemic had a favorable impact on the growth of the global construction management software market, owing to the large-scale use of remote management and monitoring software during the lockdown.
Moreover, the construction management software helped the construction firms in overcoming daunting challenges such as lower revenue margins, lesser productivity, and a decline in research activities.

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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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Data Classification Market

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Label Printing Software Market to Witness Phenomena Growth by 2021-2031

Rise in acceptance of big data tools and the need for reducing operating costs drive the growth of the global label printing software market. The surge in cloud printing service use and rise in print security spending will open new growth opportunities for the global market. Short-term supply outages and supply shortages created logistical difficulties such as slow service delivery to the end-use industries during the COVID-19 pandemic.

According to the report published by Allied Market Research, the global label printing software market amassed revenue of $565.2 million in 2021 and is expected to hit $936.2 million by 2031, registering a CAGR of 5.2% from 2022 to 2031. The market research study provides a detailed analysis of changing industry trends, top-most segments, value chain analysis, key investment business scenarios, regional space, and competitive space.

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The report offers detailed segmentation of the global label printing software market based on component, deployment model, organization size, end-use vertical, and region. It provides an in-depth analysis of every segment and sub-segment in tables and figures through which consumers can derive a conclusion about market trends and insights. The market report analysis aids organizations, investors, and entrepreneurs in understanding which sub-segments are to be tapped for achieving huge growth in the years ahead.

In terms of components, the solutions segment was the largest in 2021, accounting for more than three-fifths of the overall share of the global label printing software market. Moreover, this segment is predicted to retain its dominant position during the forecast timespan. Furthermore, the services segment is set to record the highest CAGR of 6.8% from 2022 to 2031.

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On basis of the deployment model, the on-premise segment held the largest share in 2021, contributing to nearly three-fifths of the overall label printing software market. Moreover, this segment is predicted to account for the highest market share by 2031. Furthermore, the cloud segment is also anticipated to record the fastest CAGR of 6.6% during the forecast timeframe. The report also analyzes other segments such as the off-grid segment.

Based on the organization size, the SMEs segment held the largest share in 2021, contributing to nearly three-fifths of the global label printing software market share. Moreover, this segment is predicted to account for the highest market share by 2031. Furthermore, the large enterprise segment is expected to register the highest CAGR of 6.4% during the forecast period.

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On the basis of end-use vertical, the retail segment held the largest share in 2021, contributing more than one-fourth of the global label printing software market share. Moreover, this segment is predicted to account for the highest market share by 2031. Furthermore, the foods and beverages segment is expected to register the highest CAGR of 8.0% during the forecast period.

Based on region, the North American continent contributed toward the highest market share in 2021, accounting for nearly two-fifths of the global label printing software industry share. The North American market is set to dominate the regional market in foreseeable future. The Asia-Pacific label printing software market is predicted to register the fastest CAGR of 6.4% during the forecast timespan. The report also analyzes regions including the LAMEA and Europe.

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Key participants in the global label printing software market examined in the research include Canon, Inc., Seiko Epson Corporation, Epaper Ltd., Nuance Communications, Hewlett-Packard Inc., HID Global, Ringdale UK Ltd., Honeywell International Inc., Lenovo Group Ltd., and Xerox Corporation.

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Printing Software Market

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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 “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.

Payment as a Service Market Growth Opportunities and Future Scope, 2021–2031

Surge in smartphone penetration, incorporation of online payment services, increase in e-commerce sales, and rise in reliance on cloud technologies drive the growth of the global Payment as a Service Market. In addition, supportive initiatives of governments and untapped potential of emerging economies supplement the market growth. However, privacy and security concerns restrain the market growth. On the other hand, rise in need for operational efficiency and transparency during transactions and rise in demand for customized digitalized payments globally present new opportunities in the coming years.

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Based on payment method, the cards segment accounted for the highest market share in 2021, holding nearly half of the global payment as a service market. This is due to offering of a wide range of payment solutions to help merchants analyze customer behavior & metrics. However, the app/e-wallet and will hold the lead status in terms of revenue during the forecast period. Moreover, this segment is projected to register the largest CAGR of 24.8% from 2022 to 2031.

Based on industry vertical, the BFSI segment accounted for the highest market share in 2021, contributing to more than one-fourth of the global payment as a service market. This is attributed to ease in management of cash-flow from a single dashboard. However, the retail and e-commerce segment is estimated to maintain its highest contribution throughout the forecast period. In addition, this segment is projected to grow at the fastest CAGR of 27.0% from 2022 to 2031. This is due to acceptance of different payment methods such as credit cards, debit cards, net-banking, wallets via mobile app, web checkout, QR code, NFC, kiosks, POS, and others.

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Based on region, North America held the largest market share in 2021, accounting for nearly two-fifths of the global payment as a service market. This is attributed to rapid advancements in payment technology, flexibility in payment processing, providing secured payment, and Point of Sale (POS) integration. However, Asia-Pacific is projected to maintain its dominant share throughout the forecast period. In addition, the region is estimated to witness at the highest CAGR of 24.7% from 2022 to 2031. This is due to adoption of digital payments, downfall in the usage of cash, and acceptance of mobile payments.

The key players operating in the payment as a service market analysis include Aurus, Inc., Alpha Fintech, ACI Worldwide, Apple Inc., First Data (Fiserv, Inc.), Google, LLC, Ingenico, Mastercard, Paysafe, PayPal Holdings, Inc., Paystand, Pineapple payments (Fiserv, Inc.), VeriFone, Inc., Visa Inc., Valitor, PayU, and Obopay. These players have adopted various strategies to increase their market penetration and strengthen their position in the payment as a service industry.

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Covid-19 Scenario

The usage and adoption of online and digitalized payment methods increased among consumers globally to minimize the contact and possibility of contamination. Moreover, the payment as a service sector is experiencing a massive growth as consumers are becoming familiar with the payment technologies in the market.
Moreover, there was a considerable rise in adoption of digital payments by retailers, owing to surge in cases of Covid-19 infection. This, in turn, lowered the need to carry and pay through cash.
Different banks and fintech industries are adopting various digital payment methods for improving the losses suffered during the pandemic situation. The demand and implementation of payment as a service are expected to increase post-pandemic as well.

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Computer Aided Engineering Market Rising New Business Opportunities for Investors (2021-2031)

Drastic shift from on premise computing to cloud-based computing among people due to reduced cost expenses related to hardware acquisition and software licensing, installation, and support, increase in the adoption of smartphones and tablets among people, surge in internet penetration, and prevalence of innovative technologies such as IoT are expected to drive the growth of the global Computer Aided Engineering Market.

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Based on end-user, the automotive segment held the largest market share in 2021, holding nearly one-third of the global computer aided engineering market. Growth of the EV sector and rapid sales and technological advancements are expected to drive the growth of the segment. The defense segment, on the other hand, is expected to cite the fastest CAGR of 11.5% during the forecast period, owing to the rapid adoption of advanced and rapid manufacturing technologies that encourage innovation level and accelerate supply chain.

Based on deployment model, the on-premise segment held the largest market share in 2021, holding more than half of the global computer aided engineering market. This is mainly because the on-premise CAE deployment provides complete control and visibility over data as well as strong authentication security measures. The cloud segment, on the other hand, is expected to cite the fastest CAGR of 11.0% during the forecast period.

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Based on region, the market across North America held the largest market share in 2021, holding nearly two-fifths of the global computer aided engineering market. This is due to rapid penetration of IoT and increasing expenses for defense in the region. The LAMEA region, on the other hand, is expected to cite the fastest CAGR of 11.5% during the forecast period. Middle East and South Africa have witnessed increase in adoption of digitized engineering and industrialization, which has increased demand for computer-aided engineering market growth in this region.

The key players that operate in the computer aided engineering market analysis are Ansys, Inc., Altair Engineering, Autodesk, Inc., Bentley Systems, Inc., Dassault Systemes, ESI Group, Mentor Graphics Corporation, MSC Software Corporation, Seiko Epson Corporation, and Siemens AG. These players have adopted various strategies to increase their market penetration and strengthen their position in the computer aided engineering industry.

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COVID-19 Scenario:

The outbreak of COVID-19 has had a positive impact on the growth of the global computer-aided engineering market, owing to the occurrence of lockdowns in various countries across the globe.
Lockdowns opened the door for innovation and resulted in the rapid adoption of computer aided engineering solutions due to the unprecedented situations around the world.
With the world currently in the grip of the coronavirus pandemic, CAE has moved to the forefront to provide crucial training for healthcare personnel, so that diagnoses can be quickly formulated, and treatment administered.
Thus, various companies across the globe make effective use of computer-aided engineering to respond to surge in demand during the pandemic.

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Product Engineering Services Market

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Global Canopy Bed Market will Land at $8.35 billion by 2030 | AFK Furniture, Amish Furniture Factory

According to the report published by Allied Market Research, the global canopy bed market generated $6.11 billion in 2020, and is expected to reach $8.35 billion by 2030, witnessing a CAGR of 3.2% from 2021 to 2030. The report offers an extensive analysis of changing market dynamics, top segments, value chain, key investment pockets, regional landscape, and competitive scenario.

Leading Companies:

Leading players of the global canopy bed market analyzed in the research include AFK Furniture, Amish Furniture Factory, Benicia Foundry & Iron Works, Bernhardt Furniture Company, Charles P. Rogers, DHP Furniture, Inspire Q (Top-Line Furniture), The Four Poster Bed Company, TurnPost, and itahome.

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Rise in sales of new and existing residential homes, increase in spending on home improvement and home décor, surge in number of commercial spaces, and rapid growth of the retail sector drive the growth of the global canopy bed market. However, increase in cost hinder the market growth. On the other hand, improving lifestyle due to rise in disposable income and rapid growth of online retail platform create new opportunities in the coming years.

The prominent players operating in the canopy bed market have adopted developmental strategies such as product launch to fuel the demand for canopy beds. In addition, they have emphasized on continuous innovations in their products to maintain a strong foothold in the market and to boost the canopy bed demand globally.

In addition, rise in population and urbanization propel the growth of the global canopy bed market. Moreover, increase in disposable income and improvement in standard of living provide various opportunities to manufacturers in the canopy bed market. Hence, to maintain foothold in the market, manufacturers are adopting innovation in production of furniture, including canopy bed. These innovative ideas include attractive designs and use of strong, durable, and eco-friendly materials.

Furthermore, majority of canopy bed manufacturers are expanding their business by shifting their preference toward online platform. As through online platforms, manufacturers can sell their products by reducing distribution costs out of their profit margins.

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The report offers detailed segmentation of the global canopy bed market based on product type, end user, distribution channel, and region.

Based on product type, the wooden segment accounted for the largest share in 2020, holding more than half of the total share, and is estimated to maintain its lead position during the forecast period. However, the metal segment is projected to manifest the highest CAGR of 3.7% from 2021 to 2030.

Based on end user, the commercial segment accounted for the highest share in 2020, contributed to more than three-fifths of the global canopy bed market, and is expected to maintain its leadership status during the forecast period. However, the residential segment is projected to portray the fastest CAGR of 3.8% from 2021 to 2030.

Based on region, North America contributed to the highest share in 2020, accounting for nearly three-third of the total share, and is expected to continue its dominant share by 2030. However, Asia-Pacific is estimated to register the largest CAGR of 5.0% during the forecast period.

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Alginate Casings Market attain a market size of $1,684 billion by 2025, at a CAGR of 10.5%

According to a new report published by Allied Market Research, titled, “Alginate casings Market,” The Alginate casings Market Size was valued at $478.10 million in 2021, and is estimated to reach $1.3 billion by 2031, growing at a CAGR of 10.5% from 2022 to 2031.

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The alginate casing are used in making sausages and processed meat products. Casings have been referred as the oldest form of packaging materials for sausage. Casings determine the final size and shape of the sausage product. These alginate casings serve as processing molds, containers during handling and shipping, and as merchandising units for the display of sausages and meat products. The sausage production was limited to the number of available animal intestines, but due to the development of technology now they are made from the extract of brown algae, known as alginate casing. These coatings are edible in nature and are useful to extend the self-life of different fruits and vegetables. These alginate casings are also used to enclose the sausages, which provide a good taste and texture to them. Alginate casings can be used differently as a film in food packing or as a fermenter for meat products. It also provides various benefits like reducing dehydration, enhancing the product’s appearance, and also controls respiration. Many key players and companies globally are coming up with various new formulations and products in the alginate casing market to cater to the increasing demand for naturally derived casings among consumers for . The alginate casings market is segmented into type, application, end-user, usage, and region. On the basis of type, the market is classified into basic, colored, and flavored. The flavored segment occupied the major share of the market in 2021 and is projected to maintain its dominance during the forecast period, owing to rising demand for flavored sausages among consumers.

Also, the increasing popularity of vegans in the food market around the globe has pushed manufacturers to use edible casing and also to focus on the alginate-based edible casing. Depending on the application, it is bifurcated into meat, vegan, and fish. The meat segment occupied the major share of the market in 2021 and is projected to maintain its dominance during the forecast period, owing to higher demand for sausages and the production of various sausage flavors by market players. Depending on end user, it is bifurcated into food industry, and pet food industry. The food industry segment occupied the major share of the market in 2021 and is projected to maintain its dominance during the forecast period, owing to rising population, which has led to higher demand for sausage and other meat products. The increasing shift of consumers towards protein-based diets is making a positive impact on the alginate casing market across the globe. Also, alginate casings are a cost-effective alternative to other expensive natural casings owing to their low labor and production cost. Food product manufacturers are also focusing on naturally derived casings instead of animal casing owing to consumer inclination for vegan food products. Furthermore, busy and hectic life is expected to boost demand for ready-to-eat meat products and snacks which in turn is expected to boost the growth of the alginate casing market. . It also provides food with a crispy bite and soothing texture. These all factors collectively increase the demand for alginate casing. Depending on usage, it is bifurcated into halal, kosher, and others. The halal segment occupied the major share of the market in 2021, and is projected to maintain its dominance during the forecast period, owing to rising awareness among consumers regarding halal certification of food products, especially among Muslim meat product consumers.

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In 2021, North America accounted for 42.3% of the global alginate casings market share and is expected to maintain its dominance during the forecast period. However, Asia-Pacific is expected to possess the highest CAGR of 13.6%, owing to the rising population and higher demand for sausage and meat products in the region. Moreover, during the time of COVID-19 pandemic, it was observed that almost all the sectors of the economy were adversely affected globally and the alginate casings market witnessed the same adverse effects due to the complete lockdown and the closure of the packaged food manufacturing industry thus leading to a negative impact on the market. Post-COVID-19, the condition has improved and almost all the sectors of the economy are becoming operational after the upliftment of restrictions due to COVID-19. Situations globally and among food manufacturing industries are improving due to the availability of raw materials, which ultimately is helping the industry to increase production and cater to the increasing Alginate casings Market Trends. The alginate casing market is expected to witness significant Alginate casings Market Growth, owing to the increasing inclination of consumers toward naturally-derived casings. Also, increasing sausage demand and meat products among consumers is also driving the market Alginate casings Market Demand. In addition, alginate casings have the advantages of appearance, texture, and cooking performance thus making it one of the preferred choices among sausage manufacturers and is expected to drive the market during forecast period.

The major players analyzed for industry are FMC Corporation, Promar, Agersol Alignate, Visko Teepak, Reiser, Handtmann, F&D Technology, Merck, Qingdao Hyzlin Biology Technology Development Co. , JRS Group, Hydroslo GmbH & Co. kg, Vaess, Ceamsa, D2 Ingredients, LP, and KIMICA.

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Key findings of the study
On the basis of type, the flavored segment dominated the market in 2021.

 On the basis of application, the vegan segment is likely to be the fastest-growing segment with a CAGR of 12.9% during the forecast period.

 On the basis of Application, the pet food industry segment is likely to be the fastest-growing segment with a CAGR of 11.3% during the forecast period.

 On the basis of usage, the kosher segment is likely to be the fastest-growing segment with a CAGR of 10.9%.

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.