BFSI Crisis Management Market : Rapid digitalization by financial institutions & banks

BFSI Crisis Management Market by Component (Solution and Services), Deployment Type (On-premises and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises (SMEs)), and Application (Disaster Recovery & Business Continuity, Risk & Compliance Management, Crisis Communication, Incident Management & Response, and Others), and End User (Banks, Insurance Companies, and Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027 According to a recent report published by Allied Market Research, titled, “BFSI Crisis Management Market by Component, Deployment Type, Enterprise Size, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027,” the global BFSI crisis management market size was valued at $8.46 billion in 2019, and is projected to reach $31.15 billion by 2027, growing at a CAGR of 18.2% from 2020 to 2027. 

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Covid-19 scenario

The Covid-19 pandemic had a major impact on the global Banking Encryption Software market. The prolonged lockdown across European and Asian countries and restriction on international travel disrupted the supply chain and revenue chain. This negatively affected the market.

Top impacting factors

Rapid digitalization by financial institutions & banks

Businesses and financial institutions are adopting digitalised platforms and networked solutions to operate in the market. Moreover, crisis management companies in the industry provide crisis management services to this sector for risk tracking, fraud detection, and incident and compliance management to improve customer experience and efficiency. In addition, crisis management solutions are provided to improve customer satisfaction. Consequently, surge in digitalisation has led to the quick adoption of advanced crisis management solutions in the BFSI sector and collectively contribute to the expansion of the worldwide BFSI crisis management market.

Key market segments

By Component

  • Software
  • Services

By Deployment type

  • On-premises
  • Cloud

By Enterprises Size 

  • Large Enterprises 
  • Small & Medium Enterprises (SMEs)

By Application

  • Disaster Recovery & Business Continuity
  • Risk & Compliance Management
  • Crisis Communication
  • Incident Management & Response
  • Others

By End User 

  • Banks
  • Insurance Companies
  • Others

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Asia-Pacific would exhibit the highest CAGR of 20.4% during 2020-2027.

Asia-Pacific is expected to grow at the fastest CAGR during the forecast period, as several financial institutions, banks, and insurance companies are adopting crisis management software & services to boost business efficiency, lower compliance risk exposure, and increase bureaucratic competence of organizations in the region. Additionally, BFSI crisis management market research shows detailed study on business status, creative ways to grow companies, financial factors like manufacturing value, major regions, and growth rates. The development in the customers experiences towards accessing financial products & services is expected to offer profitable opportunities to BFSI Crisis Management market in the projected timeframe. North America holds the largest share of the BFSI Crisis Management Market and is expected to continue the same trend in the forecast period, due to increasing awareness about crisis management solutions among banks and financial institutions, and expanding partnerships between technology companies and central banks & financial institutions in the region.

Key findings of the study

  • By deployment type, the on-premise segment led the BFSI crisis management market share, in terms of revenue in 2019.
  • On the basis of application, the incident management & response segment garnered the market share in 2019.
  • Region wise, North America generated the highest revenue in 2019.

The key players profiled in the BFSI crisis management market are 4C Strategies, CURA Software Solutions, Everbridge, IBM, Konexus, LogicGate, Inc., MetricStream Inc., NCC Group, Noggin, and SAS Institute Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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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.

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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U.S. Cleaning Products Market Expected to Reach $2,898.5 Million by 2030 | Detailed Segmentation, Porter’s Five Forces, Changing Market Trends, and Opportunity Analysis

According to a new report published by Allied Market Research, titled, “U.S. Cleaning Products Market by Type: Opportunity Analysis and Industry Forecast, 2021–2030,” the U.S. cleaning products market was valued at $1,957.9 million in 2020, and is projected reach $2,898.5 million by 2030, registering a CAGR of 4.1% from 2021 to 2030

Brooms generated the highest revenue in 2020. California accounted for around approximately 13% share of the U.S. cleaning products market in 2020, and is anticipated to exhibit notable growth in the coming years. Economic upsurge, increased disposable income, and rise in dual-income households have improved the adoption of new and innovative brooms and mops in the U.S. cleaning products market, fueling the U.S. cleaning products market growth. In addition, growth in commercial sector and investment in real estate are anticipated to drive the demand for these products. However, high competition majorly in high populated states such as California and Texas is one of the major factors that restrains the growth of U.S. cleaning products industry.

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On the basis of product type, the U.S. cleaning products market is classified into brooms, mops, brushes, and others. The big box retailers accounted for the largest market share of approx. 32% in 2020. However, the others (online retailers) segment is expected to register the highest growth rate of 6.6% CAGR.

The e-commerce platforms are booming all across the world and US is one of the prominent countries to support online retailing. The consumers in the country are also preferring online shopping owing to the ease of access and home delivery facilities.

The U.S. cleaning products market is classified into several states in the country such as Washington, Oregon, Massachusetts, Colorado, California, Florida, Texas, and rest of the U.S. By state, California accounted for majority of the share in the market in 2020, and is expected to maintain its dominance due to increase in number of households and rise in GDP in the market. However, Oregon is expected to show the highest growth rate, owing to increased disposable income of individuals, thus. creating growth opportunities for competitors.

Technological advancements are becoming one of the major needs among manufacturers in different industries. This is due to the rise in consumer inclination toward innovative and electronic durables which are replacing the conventional products in the market. These factors coupled with increasing innovations in the market shaping the U.S. cleaning products market trends among the consumers. The manual cleaning products market is one of the markets which is expected to be hampered by electronic mops, vacuum cleaners, and others.

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Key Findings Of The Study

By product type segment, the broom segment accounted for the highest U.S. cleaning products market share in 2020, growing at a CAGR of 4.2% and brushes was the fastest growing type with a CAGR of 4.6% between the years 2021 and 2030
By distribution channel, the big box retailers segment accounted for about 30% of market share in 2020. However, the others category is expected to grow at a higher CAGR of 6.6% during the period of U.S. cleaning products market forecast, owing to the rapid expansion of online retailers in the market
By state, California accounted for about 12.4% of the overall U.S. cleaning products market size by share and is expected to grow at a CAGR of 2.9% during the forecast period
Online sales channels are expected to gain prominence in the upcoming years.

Some of the key players profiled in the U.S. cleaning products market analysis include Procter & Gamble, Gordon Brush Mfg. Co., Inc., The Libman Company, Weiler Corporation, Carolina Mop Manufacturing Co, Perfex Corporation, American Textile & Supply, Inc., Malish Corporation, Brush Research Manufacturing Co Inc., and Carlisle Sanitary Maintenance Products Inc.

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Kitchen Appliances Market https://www.alliedmarketresearch.com/kitchen-appliances-market
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Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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SSD Controller Market is Projected to Reach $53.01 Billion by 2030, Growing a CAGR of 14.4%.

Rise in adoption of cloud computing technology, emergence of 3D NAND technology, and increase in demand for cloud-based data centers drive the growth of the global SSD controllers market. However, the outbreak of the COVID-19 pandemic led to the global lockdown and temporary closure of all end use industries, thereby adversely affected the global demand of SSD controllers.

 According to the report published by Allied Market Research, the global SSD controllers market generated $14.12 billion in 2020, and is projected to reach $53.01 billion by 2030, witnessing a CAGR of 14.4% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

SSD Controller Market

Rise in adoption of cloud computing technology, emergence of 3D NAND technology, and increase in demand for cloud-based data centers drive the growth of the global SSD controllers market. However, high cost associated with SSD applications restrains the market to some extent. On the other hand, surge in demand for public cloud storage solutions presents new opportunities in the upcoming years.

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COVID-19 Scenario:

  • The outbreak of the COVID-19 pandemic led to global lockdown and temporary closure of all end use industries, thereby affecting the global demand of SSD controllers.
  • It further disrupted the whole supply chain, leading to difficulty in supply of raw materials. This, in turn, affected the market demand and reduced sales.
  • Moreover, health & safety measures, deliverables, contractual obligations, and project delays or cancellations has somehow hampered the market growth.

The report offers detailed segmentation of the global SSD controllers market based on form factor, interface, technology, end user, and region.

Based on interface, the SATA segment held the highest market share in 2020, holding more than two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the PCle segment is estimated to register the highest CAGR of 15.2% from 2021 to 2030.

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Based on end user, the enterprise segment held the largest market share in 2020, holding one-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the automotive segment is projected to register the highest CAGR of 16.3% from 2021 to 2030.

Based on region, North-America contributed to the highest share in terms of revenue in 2020, holding more than two-fifths of the total market share, and is estimated to continue its dominant share by 2030. However, Asia-Pacific is projected to manifest the fastest CAGR of 12.2% during the forecast period.

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Leading players of the global SSD controllers market analyzed in the research include Marvell Samsung, Toshiba, Western Digital, Intel Corporation, Micron Technology, Kingston Technology, SK Hynix, Realtek Semiconductor Corp., and ADATA Technology Inc.

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About Us:

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

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

Outdoor LED Display Market is Projected to Reach $14,522.40 Million by 2030, Growing a CAGR of 9.10%.

Rise in digital advertisements, power efficiency feature, and high digital sponsorship & information displayers have boosted the growth of the global outdoor LED display market. The market across Asia-Pacific dominated in 2020, holding more than one-third of the market. The advent of Covid-19 adversely affected the demand for outdoor LED display due to decline in advertising expenditure.

As per the report published by Allied Market Research, the global outdoor led display market generated $6.39 billion in 2020, and is expected to reach $14.52 billion by 2030, registering a CAGR of 9.1% from 2021 to 2030.

Outdoor LED Display Market

Rise in digital advertisements, power efficiency feature, and high digital sponsorship & information displayers have boosted the growth of the global outdoor LED display market. However, high installation & initial cost hinders the market growth. On the contrary, alternate LED advertisement designs are expected to open new opportunities for the market players in the future.

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Covid-19 Scenario:

  • The advent of Covid-19 adversely affected the demand for outdoor LED display due to decline in advertising expenditure.
  • Moreover, huge workforce of enterprises across the globe work from home, which hindered the demand for outdoor LED display.
  • On the other hand, the prolonged lockdown across several regions disrupted the supply chain and increased the prices of raw materials.

The report segments the global outdoor LED display market on the basis of type, application, and region.

Based on type, the surface mounted segment is expected to portray the highest CAGR of 9.8% during the forecast period. However, the individually mounted segment held the largest share in 2020, contributing to more than half of the market.

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On the basis of application, the smart building AV segment is projected to manifest the highest CAGR of 12.5% during the forecast period. However, the pro AV segment held the lion’s share in 2020, accounting for more than one-fourth of the market.

The global outdoor LED display market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in 2020, holding more than one-third of the market. Moreover, region is projected to showcase the highest CAGR of 10.6% during the forecast period.

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The global outdoor LED display market report includes an in-depth analysis of the prime market players such as Barco, Daktronics, Inc., Galaxia Electronics, Electronic Displays Inc., Lighthouse Technologies Limited, Leyard, LG Electronics, Panasonic Corporation, Sony Corporation, and Toshiba Tec Corporation.

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Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

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About Us:

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

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

FMCG Market Size, Demands, Latest Trend, Growth Rate, Overview, and Forecast to 2025

Key players and their strategies and developments are profiled to understand the competitive outlook of the market.

 According to a new report published by Allied Market Research, titled,” Global FMCG Market by Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2018 – 2025,”the global FMCG market size was valued at $10,020.0 billion in 2017 and is projected to reach $ 15,361.8 billion by 2025, registering a CAGR of 5.4% from 2018 to 2025.

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Fast moving consumer goods (FMCG) is the largest combination of consumer goods with different product categories that include home, health, and personal care and food & drinks including its marketing, production, and distribution. The personal care segment is anticipated to witness substantial growth owing to the rise in disposable income of consumers, thus enabling them to spend considerable amount on luxury personal care products.

Other factors such as surge in trend of online shopping, R&D for the new brands & products, and expansion of FMCG network in rural areas of the developing countries are expected to open new avenues for the FMCG market players in the future. However, high competition among major market players and retail execution are expected to hamper the global FMCG market growth. In the recent decade, there is a trend that consumers are more concerned about their health and personal hygiene, thus preferring hygienic lifestyle.
Consumers choose their daily need products according to their hygienic compatibility and thus change their purchasing decisions according to their lifestyle. This trend is becoming opportunities for the FMCG market. Companies are offering the products, which are compatible to the lifestyle of their targeted consumer segment.

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The personal care segment is expected to grow comparatively faster than other FMCG types, witnessing a CAGR of 6.0%. The food and beverage segment in the FMCG market is driven by rise in disposable income, cross cultural interaction, and increase in population. The trend of healthy eating has been a top impacting factor affecting the growth of the food & beverage market.

Key Findings of the FMCG Market:-
In 2017, based on type, the food & beverages segment accounted for around 89% of global FMCG market share, growing at a CAGR of 5.3% from 2018 to 2025.
In 2017, based on type, the healthcare segment accounted for 4% share of the global FMCG market and is expected to growth at the highest CAGR of 8.5%.
Personal care segment has occupied around 5% share of the market share and is expected to growth at the highest CAGR of 6.0%.
In 2017, based on distribution channel, the supermarkets & hypermarkets segment accounted for more than half of the market share of global FMCG market and is projected to grow at the highest CAGR of 5.8% during the forecast period.
In 2017, based on region, the FMCG market was dominated by North America, particularly the U.S., followed by Canada as the major market, while Asia-Pacific was dominated by developing countries such as China and India, with nearly 40% market share in 2017. In addition, LAMEA is expected to witness a 6.6% CAGR during the forecast period.

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The key players operating in the global FMCG industry include Procter and Gamble, Unilever Group, The Coca-Cola Company, Pepsi Co, Inc., Kimberly-Clark Corporation, Patanjali Ayurved Ltd., Dr. Pepper Snapple Group, Inc., Revlon, Inc., Johnson & Johnson (J&J), and Nestle S.A.

Reason to Buy:

✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global FMCG Market.
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the FMCG Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.


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Computer Monitor Market is Projected to Reach $76 Billion by 2031, Growing at a CAGR of 6.9%.

Increase in use of LED displays for video wall, TVs, and digital signage applications, surge in internet penetration, rise in living standards of people, increase in inclination towards high quality PC games among gamers, and growing adoption of foldable and flexible displays to boost growth of the global computer monitor market. Closed manufacturing facilities, unavailability of workforce, and supply chain disruptions during the pandemic negatively impacted the global market growth.

According to the report published by Allied Market Research, the global computer monitor market generated $39.3 billion in 2021, and is projected to reach $76 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

Computer Monitor Market

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Report Coverage & Details:

Report CoverageDetails
Forecast Period2022­–2031
Base Year2021
Market Size in 2021$39.3 billion
Market Size in 2031$76 billion
CAGR6.9%
No. of Pages in Report195
Segments CoveredSize, type, application, and region
DriversIncrease in the standard of living
Increase in the usage of LED displays for various applications
OpportunitiesIncrease in the number of online shoppers
Growing adoption of foldable and flexible displays
RestrainsDecline in demand for displays from retail sector

COVID-19 Scenario:

  • The outbreak of COVID-19 pandemic has had a negative impact on the growth of the global computer monitor market, owing to the occurrence of lockdowns in numerous countries around the world.
  • Lockdowns resulted in the closure of various manufacturing facilities and retail stores, including those of electronics items, which severely impacted the growth of the market.
  • In addition, shortage of workforce and essential raw materials due to ban on import and export of items further aggravated the impact on the market.
  • These restrictions were imposed by the government to curb the spread of the virus during the pandemic.

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The report offers detailed segmentation of the global computer monitor market based on size, type, application, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.

Based on size, the large segment held the largest market share in 2021, holding nearly three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 7.38% during the forecast period. The report also analyses the small segment.

Based on type, the LED monitor segment held the largest market share in 2021, holding more than half of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 7.67% during the forecast period. The report also analyses other segments of the market such as LCD monitor, CRT, and other segments.

Based on application, the commercial segment held the largest market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. The gaming segment, on the other hand, is expected to cite the fastest CAGR of 8.12% during the forecast period.

Based on region, the market across Asia-Pacific region held the largest market share in 2021, holding nearly half of the global market, and is expected to maintain its leadership status during the forecast period. The European region, on the other hand, is expected to cite the fastest CAGR of 8.38% during the forecast period.

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The key players analyzed in the global computer monitor market report include Dell Technologies Inc., HP Inc., TPV Technology Limited, Lenovo Group Limited, Samsung Group, Intelligent Imaging Innovations, LG Electronics Inc., Apple Inc., Acer Inc., and AsusTek Computer Inc.

The report analyzes these key players in the global computer monitor market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market. 

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the computer monitor market analysis from 2021 to 2031 to identify the prevailing computer monitor market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the computer monitor market outlook assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global computer monitor market trends, key players, market segments, application areas, computer monitor market forecast and market growth strategies.

Key Market Segments

Size

  • Small
  • Large

Type

  • LCD Monitor
  • LED Monitor
  • CRT
  • Others

Application

  • Commercial
  • Gaming
  • Others

By Region

  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Spain, Russia, Netherlands, Belgium, Poland, Rest Of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Malaysia, Thailand, Philippines, Indonesia, Rest Of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)

“We have also published few syndicated market studies in the similar area that might be of your interest. Below is the report title for your reference, considering Impact of Covid-19 over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this 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.

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.

Travel Retail Market is projected to reach $153.7 billion by 2025, growing at a CAGR of 9.6% from 2018 to 2025

Rise in disposable income, improvement in lifestyle, and development of the tourism industry.

According to a new report published by Allied Market Research, titled, “Travel Retail Market by Product and Channel: Global Opportunity Analysis and Industry Forecast, 2018 – 2025″,the global travel retail market size was valued at $74.9 billion in 2017, and is projected to reach $153.7 billion by 2025, growing at a CAGR of 9.6% from 2018 to 2025. Perfumes & cosmetics segment has a strong customer base in the global travel retail market. Some of the leading companies, such as Estee Lauder, LOral, Rituals Cosmetics, Revlon, and others, are expanding their businesses by opening their outlets at every international airport with an exclusive and a wide range of fragrances and skin care products.

Retailers at travel retail stores are yet to catch-up with the innovations happening outside of their world. Nevertheless, Covid-19 will certainly accelerate transformation of travel retailers especially in contactless payments, loyalty programs, and digitization . This is because billions of people travel internationally every year and spend money and time at airports. The travelers get a lot of free time at the airport to browse and buy products. In addition, travel retail creates more visibility for their products, which draws the attention of new customers in different countries and increases brand loyalty of existing customers.

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Development of the travel & tourism industry, rapid urbanization, and changes in lifestyle, owing to increased disposable income of consumers drive the growth of the travel retail market. In addition, increase in travel & tourism or international tourist arrivals in the emerging economies, such as Asia-Pacific and LAMEA is anticipated to create lucrative opportunities for the global travel retail market. However, unorganized local markets and stringent regulations in airport retailing hamper the growth of the travel retail market.

Wines & spirits is the second largest revenue contributor in the global travel retail market. The consumption of wines, particularly luxury wines and spirits has witnessed considerable growth in the past few years. Wines & spirits, of the total, have 15.9% of the travel retail market share. In addition, it has been observed that luxury wines & spirits are highly preferred by the international passengers, which leads to the growth of the market. Passengers travelling over distances mostly prefer wines & spirits. Also, the growth in culture of owning luxurious goods and consumption of expensive wines & spirits are driving the growth of the market.

Asia-Pacific is the largest travel retail market in the world, and is growing at the fastest rate owing to improvements in living standards, rise in disposable income, improvement in lifestyle, and development of the tourism industry.
Furthermore, Europe is one of the largest travel retail markets, owing to its stronger base of luxury products. It is anticipated to have the fastest travel retail market growth with a CAGR of 7.2% in the forecasted period.

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The region possesses some of the biggest apparels and cosmetics brands, namely, LVMH from France and H&M from Sweden, which hold a significant share in the luxury apparels, perfumes, and cosmetics sector, thereby making it the second largest travel retail market. Wealthy tourists from the Middle East, China, the U.S., and Russia contribute significantly toward the growth of the European travel retail market. Being the historical home of most of the luxury houses, Europes market accounts for nearly $23 billion of the travel retail sector.

Key Findings of the Travel Retail Market :-
By channel, the airports segment accounted for the maximum market revenue in 2017, and is projected to grow at a CAGR of 9.6% during the forecast period.
By channel, the border, downtown, & hotel shops segment is expected to grow at the highest CAGR of 10.1%.
By product type, the perfumes & cosmetics segment accounted for more than 31% of travel retail market share in 2017, and is expected to dominate the global market by 2025.
By product type, the luxury goods segment is expected to grow at the highest CAGR of 12% during the forecast period.
China was the major shareholder in the Asia-Pacific travel retail industry, and accounted for around 67.4% share in 2017

The major players profiled in this report include :-
Aer rianta international
China duty free group co., ltd.
Dufry ag
Duty free americas, inc
Gebr. Heinemann se & co.kg
King power international
Lotte hotel
Lagardère sca (lagardère travel retail)
Lvmh group (dfs group limited)
The shilla duty free

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Smoking Accessories Market is estimated to reach $6.3 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030

Delays and disruptions at country borders have impacted transportation and delivery of smoking accessories

The smoking accessories market is expected to witness significant growth, owing to increase in attraction of youth toward smoking. Moreover, water pipes have become centerpieces of cafés and restaurants, especially in countries such as South Africa, China, India, and the U.S. Rise in income levels and urbanization is also a key driver for growth of the smoking accessories market. Furthermore, increase in aggressive advertisements and promotions through social media platforms by manufacturers plays a crucial role in growth of the smoking accessories market.

According to a new report published by Allied Market Research, titled, “Smoking Accessories Market,” The smoking accessories market was valued at $3.1 billion in 2020, and is estimated to reach $6.3 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. Online retail platform is the major driver of the smoking accessories market. Presently, most smoking accessories manufacturing companies have their own web-based retail stores where users have access to information about product launches, product features, demo, price, and other required information about products. There is an increase in number of consumers shopping online, owing to availability of different product options and price comparison on online shopping sites. This is useful for retailers, owing to zero expenditure on physical outlets. Furthermore, there is a rise in preference for online shopping as consumers can read reviews provided by other consumers, compare various stores & products, and verify product price by different sellers. Thus, rise in adoption of online sales channels drives growth of the smoking accessories market.

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The market in Asia-Pacific and LAMEA offers lucrative growth opportunities for operating players. Increase in adoption of western lifestyle and rise in disposable income of consumers majorly drive growth of the market. Moreover, increase in attraction of young people toward smoking to look cool in the society has further increased sales of smoking accessories which is becoming the latest smoking accessories market trends in developing region. Asia-Pacific offers potential growth opportunities to the market players for launching innovative smoking accessories. Moreover, countries in Latin America, such as Brazil, are expected to unfold attractive business opportunities, owing to high consumption of tobacco products. However, nicotine replacement therapy is a medically approved method of obtaining nicotine, except through tobacco use. It is used to aid in quitting cigarette smoking or chewing tobacco. Nicotine replacement therapies can significantly reduce cravings, thereby breaking the mental addiction to tobacco-based products. Growing public awareness regarding high success rate of nicotine replacement therapies, such as patches, lozenges, gums, and other products restrict the smoking accessories market growth.

The outbreak of the COVID-19 pandemic created several challenges for exporters in developing and developed countries. Implementation of lockdown and curfew practices globally affected domestic as well as international production of smoking accessories, which, in turn, hampered growth of the overall market. Thus, the outbreak of COVID-19 negatively impacted the smoking accessories market in 2020, as sales of companies reduced and operations were halted.

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The smoking accessories market is segmented on the basis of product type, age group, distribution channel, and region. Based on product type, the smoking accessories market is bifurcated into grinder, water pipes, rolling paper, vaporizers, and others. On the basis of age group, it is divided into below 18 years, 18 to 30 years, 30 to 50 years, and above 50 years. On the basis of distribution channel, it is categorized into online and offline. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

KEY FINDINGS OF THE STUDY

By product type, the water pipes segment constituted a major smoking accessories market share in 2020; however, the grinder segment is projected to experience growth at the highest CAGR during the smoking accessories market forecast period.
On the basis of age group, the 18 to 30 years segment led, in terms of the market share, and is expected to continue to grow with robust CAGR during the forecast period.
On the basis of distribution channel, offline segment held the major share in the market in 2020, and is projected to remain dominant during the forecast period.
By region, Asia-Pacific accounted for the highest market share in 2020, and is expected to grow at a significant CAGR during the forecast period. Increase in use of smoking accessories among young population has driven growth of the smoking accessories market in the region.

Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the smoking accessories industry includes BBK Tobacco & Foods, LLP, British American Tobacco PLC, Bull Brand, Chongz, Curved Papers, Inc., Imperial Brands, Jinlin (HK) Smoking Accessories Co., Ltd., Moondust Paper Pvt. Ltd., Republic Technologies International, and Univac Furncrafts Pvt. Ltd.

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Reason to Buy:
✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Smoking Accessories Market.
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the Smoking Accessories Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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Coffee Maker Market is anticipated to reach $5.1 billion by 2027 | Key Market Trends, Growth Factors and Opportunities, and Regional Landscape

increasing consumption of coffee in emerging nations and rise in number of café and restaurants are the driving factors of the coffee maker market

According to a new report published by Allied Market Research, titled, “Coffee Maker Market by Type, End Use and Sales Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” The global coffee maker market size was valued at $3.8 billion in 2019, and is anticipated to reach $5.1 billion by 2027, with a CAGR of 6.30% during the forecast period 2021 to 2027. The market is expected to exhibit an incremental revenue opportunity of $1,370.82 million from 2019 to 2027. The market for coffee maker comprises drip, steam, capsule, and other coffee machine. The coffee industry has been evolving in terms of innovations, new launches, and demand. Manufacturers are focusing on key innovations that cater to the requirements of the large consumer base. Furthermore, increase in awareness toward health benefits such as reduced risk of type 2 diabetes, liver cancer and liver diseases, and protection against heart failure is expected to result in high consumption of coffee. Thus, this has resulted in increased demand for various types of coffee maker products in emerging nations.

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Furthermore, increase has been witnessed in the number of netizens along with rise in internet penetration. Taking this into consideration, most of the key players in the market strategize on promoting their products on various social media platforms. Thus, through social media marketing strategy, the coffee maker market sights critical growth opportunity.

Coffee consumption has witnessed higher rate of penetration in North America and Europe. However, low availability and lower consumption has been observed in some major parts of Asia-Pacific and LAMEA, which is attributable to low performing macro-economic factors such as low internet penetration and insufficient marketing strategies by manufacturers. Thus, lower penetration of such products limits the coffee maker market growth. In addition, higher maintenance cost of the machine restrains the market growth.

According to the coffee maker market analysis, the market is segmented on the basis of type, end use, sales channel and region. Based on type, the coffee maker market is categorized into drip coffee machine, steam coffee machine, capsule coffee machine, and others. Drip coffee machine is widely used in café and restaurant industry. The drip coffee machine segment was the highest contributor to the market, with $1,541.40 million in 2019, and is estimated to reach $1,977.32 million by 2027, at a CAGR of 5.5% during the forecast period. The manufacturers are launching drip machines with advance technologies features such as these machines can be accessed through smartphone or devices, which is likely to propel the growth of the segment.

On the basis of end use, the commercial segment held a significant share of 65.7% in the coffee maker industry in 2019. This is attributed to increase in number of cafes and restaurants in commercial complexes across the globe. Moreover, rapidly growing corporate sector is expected to fuel the demand for coffee machine in the market.

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On the basis of sales channel, the offline segment dominated the market in 2019, accounting for 61.7% of the share, and is expected to retain its dominance throughout the forecast period. This is attributed to the fact that consumers are preferring products from various offline sales channels such as hypermarket/supermarket, specialty stores, and convenience stores, among others.

Region wise, Europe was the prominent market in 2019, garnering maximum share, owing to high consumption of coffee in majority of the European countries, including Germany, Italy, France, and Spain. Furthermore, consumers in the region are attracted by new varieties of the coffee and its taste, which drives the market growth. Furthermore, Europe is expected to witness CAGR of 5.70%, owing to health benefits offered by coffee.

The key players profiled in this report include De’Longhi Appliances S.r.l, Electrolux, Koninklijke Philips N.V, Siemens AG, BSH Home Appliances Corporation, Newell Brands, Breville USA, Inc, GROUP SEB, Whirlpool, and Nestlé Nespresso. The key players provide current coffee maker market trends, financial statement, and products development.

Key findings of the study :-

The global coffee maker market was valued at $3.8 billion in 2019 and is anticipated to reach $5.1 billion by 2027, with a CAGR of 6.30% during the forecast period.

By type, the drip coffee machine segment is estimated to witness the fastest growth, registering a CAGR of 5.50% during the forecast period.

By end use, the commercial segment held the highest share, accounting for 65.7% of the market share.

By sales channel, the offline segment held the highest share, accounting for 61.7% of the global coffee maker market share.

In 2019, Europe was the most prominent market and is expected to grow at a significant CAGR throughout the coffee maker market forecast period.

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The research provides answers to the following key questions:

1️⃣ What is the estimated growth rate of the market for the forecast period 2021-2027?
2️⃣ What will be the market size during the estimated period?
3️⃣ What are the key driving forces responsible for shaping the fate of the Coffee Maker Market during the forecast period?
4️⃣ Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Coffee Maker Market?
5️⃣ What are the prominent market trends influencing the development of the Coffee Maker Market across different regions?
6️⃣ What are the major threats and challenges likely to act as a barrier to the growth of the Coffee Maker Market?
7️⃣ What are the major opportunities the market leaders can rely on to gain success and profitability?

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.


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Industrial Automation Market | Exclusive Report on the Latest Revenue and Future Scope to 2031

Advent of connected enterprises, need for mass manufacturing of products, and rise in adoption of digital techniques and augmented reality (AR) technologies in manufacturing drive the growth of the global Industrial Automation Market.

However, high initial capital investments and re-investments along with lack of sufficient technical knowledge restrain the market growth. On the other hand, surge in demand for safety-compliant automation solutions and industrial internet of things (IoT) solutions presents new opportunities in the coming years.

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Based on hardware, the industrial sensors segment contributed to the largest market share in 2021, accounting for more than one-fourth of the global industrial automation market, and is expected to maintain its dominant share during the forecast period.

This is attributed to technological advancements such as development of internet of things (IoT) and artificial intelligence (AI). However, the industrial robots segment is estimated to manifest the highest CAGR of 11.9% from 2022 to 2031. This is due to rise in demand for automation and rapid growth in industrialization.

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Based on component, the software segment accounted for the largest market share in 2021, contributing to more than two-fifths of the global industrial automation market. This is due to processing and analysis of massive amount of data generated by an organization and conversion to actionable insights that provides operational benefits and outcomes.

However, the hardware segment is projected to lead in terms of revenue by 2031. On the other hand, the service segment is estimated to register the highest CAGR of 11.7% from 2022 to 2031, owing to reduction in time and costs associated with optimization of systems in the initial phase of deployment.

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Based on region, North America held the highest market share in 2021, accounting for more than one-third of the global industrial automation market. This is due to high spending on data analytics and data processing solutions in the region. However, Asia-Pacific is projected to grow at the largest CAGR of 11.4% from 2022 to 2031, owing to rise in digital and economic transformation in the region.

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Covid-19 Scenario

  • The Covid-19 pandemic impacted the global industrial automation industry negatively as the value chain was disrupted, which in turn, created challenges in shipments of components and tools utilized for creating automation machines and services for the industrial sector.
  • The demand for industrial automation solution decreased considerably due to postponement or cancellation of new projects. Owing to occurrence of economic uncertainty, many investors postponed their investments in new projects. This, in turn, affected the growth of the global industrial automation market.
  • Owing to lack of workforce availability and the implementation of new strategies to continue business operations, many players operating in the automotive, construction, manufacturing, and other sectors began implementation of automation solutions. This factor created a huge demand. The demand is expected to continue to rise post-pandemic.

Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

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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