A Market Place Research – Page 1365

Deep Learning Market Share Growing Rapidly with Recent Trends and Outlook By 2030

Increase in computing power, decline in hardware costs, adoption of cloud-based technology, and usage in big data analytics drive the growth of the global Deep Learning Market.

However, surge in complexity in hardware due to complex algorithm, lack of technical expertise, and absence of standards and protocols hinders the market growth. On the other hand, cumulative spending in the healthcare, travel, tourism, and hospitality industries present new opportunities in the coming years.

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Based on industry vertical, the security segment accounted for the highest share in 2020, contributing to nearly one-fifth of the global deep learning market, and is expected to continue its leadership status during the forecast period. This is due to identification of more advanced malware & threats and detection of unusual activities that may signal existence of rogue actors.

However, the healthcare segment is estimated to witness the largest CAGR of 42.0% from 2021 to 2030. This is attributed to empowerment of the sector with its advanced & vast library of specialized algorithms and lightening computational power.

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Based on component, the software segment contributed to the highest share in 2020, accounting for nearly half of the global deep learning market, and is expected to continue its lead position during the forecast period. This is due to increase in demand for deep learning software across various organizations such as healthcare and BFSI and surge in need of software among organizations for production planning and predictive maintenance.

However, the service segment is estimated to manifest the highest CAGR of 40.7% from 2021 to 2030, owing to rise in demand for software-as-a-service (SaaS) with its numerous benefits such as scalability and one-time customer acquisition cost.

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Based on region, North America held the highest market share in 2020, contributing to nearly two-fifths of the global deep learning industry, and is expected to maintain its dominant share in terms of revenue by 2030. This is due to increase in investments in deep learning start-ups and surge in popularity of deep learning technology among end users.

However, Asia-Pacific is projected to portray the highest CAGR of 40.9% during the forecast period. This is due to increased utilization of deep learning algorithms with rise in digitalization in healthcare, telecommunication, automotive, and banking, financial services and insurance (BFSI) sectors.

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Covid-19 Scenario

During the Covid-19 pandemic, the demand for deep learning witnessed a significant rise for implementation of digital voice assistance by businesses to help their customers. In addition, rise in focus on virtual reality and augmented technologies by various key market players of different countries led to increased adoption of deep learning algorithms.
The deep learning market experienced the growth during the pandemic, due to rise in demand for anti-money laundering (AML), fraud detection solutions, and other solutions to prevent frauds related to money.
Deep learning methods have been used to track the spread of coronavirus and take preventive measures and implement regulations to tackle the spread.

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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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Game Based Learning Market

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Medium Voltage Cable Accessories Market is Projected to Reach $25.5 Billion by 2030 | Growing at a CAGR of 5.3%.

Surge in investments in the construction sector for infrastructural development and investments by governments to develop smart electricity grids that fulfill rise in demand for electricity drive the growth of the global medium voltage cable accessories market. Based on region, Asia-Pacific accounted for the highest share in 2020, holding nearly one-third of the total market share, and is projected to maintain its leadership status by 2030.

As per the report published by Allied Market Research, the global medium voltage cable accessories market generated $15.3 billion in 2020, and is expected to reach $25.5 billion by 2030, witnessing a CAGR of 5.3% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Surge in investments in the construction sector for infrastructural development and investments by governments to develop smart electricity grids that fulfill rise in demand for electricity drive the growth of the global medium voltage cable accessories market. However, high failure rate of medium voltage cable accessories restrains the market growth. On the other hand, surge in the installation of underground cables and rise in the number of data centers present new opportunities in the coming years.

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Covid-19 Scenario:

Manufacturing activities in the electronics systems and devices sector stopped partially or completely due to lockdown measures implemented in various countries. Challenges such as raw material shortage and supply chain disruptions occurred during the Covid-19 pandemic.
The demand for medium voltage cable accessories from the construction reduced considerably due to stoppage of ongoing construction activities and postponement of new construction activities. However, the demand is expected to rise steadily post-pandemic.

The report offers detailed segmentation of the global medium voltage cable accessories market based on product type, technology, installation, voltage range, industry vertical, and region.

Based on technology, the heat shrink segment held the highest share in 2020, accounting for nearly half of the total market share, and is projected to continue its lead position during the forecast period. Moreover, this segment is expected to manifest the highest CAGR of 5.8% from 2021 to 2030. The research also analyzes the segments such as cold shrink and pre-molded terminations.

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Based on industry vertical, the government utilities segment contributing to the largest share in 2020, accounting for nearly one-fifths of the global medium voltage cable accessories market, and is expected to continue its dominance in terms of revenue by 2030. However, the construction segment is estimated to witness the highest CAGR of 7.5% during the forecast period.

Based on region, Asia-Pacific accounted for the highest share in 2020, holding nearly one-third of the total market share, and is projected to maintain its leadership status by 2030. Moreover, this segment is projected to portray the fastest CAGR of 7.1% during the forecast period. The research also analyzes the regions such as North America, Europe, and LAMEA.

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Leading players of the global orthodontics market analyzed in the research include 3M, Nexans, Compaq International (P) Limited, Phoenix Technology Group Co., Ltd., NKT A/S, REPL International Limited, Raychem AG, Sumitomo Electric U.S.A., Inc., ABB Group, TE Connectivity, Prysmian, and Yamuna Infra & Technology Pvt. Ltd.

About Us:

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.

Healthcare Machine Vision System Market is Projected to Reach $4.5 Billion by 2031 | Growing at a CAGR of 22.4%

Increase in demand for automation in healthcare applications and rise in demand for machine vision-guided robotics in the drug dispensing industry drive the growth of the global healthcare machine vision system market.

Allied Market Research published a report, titled, ‘Healthcare Machine Vision System Market By Product Type (MV Camera with Host PC, Smart Camera, Vision-Based Barcode Readers), Type (1D, 2D, 3D), Application (In Vitro Diagnostics, Access Tracking, Surgical, Patient Monitoring, Microscopy [Histopathology], Drug Dispensing): Global Opportunity Analysis and Industry Forecast, 2021-2031.’ According to the report, the global healthcare machine vision system industry generated $617.40 million in 2021, and is expected to reach $4.5 billion by 2031, witnessing a CAGR of 22.4% from 2022 to 2031.

Drivers, Restraints, and Opportunities

Increase in demand for automation in healthcare applications, the introduction of cloud-based healthcare solutions, and rise in demand for machine vision-guided robotics in the drug dispensing industry drive the growth of the global healthcare machine vision system market. However, lack of skilled professionals in developing countries limits the market growth. On the other hand, surge in demand for artificial intelligence (AI)-based equipment in the healthcare sector creates new opportunities in the coming years.

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COVID-19 Scenario:

The demand for machine vision systems increased in the healthcare sector during the Covid-19 pandemic patient monitoring and tracking. However, supply chain disruptions and stoppage of manufacturing activities during the lockdown created a supply-demand gap.
R&D activities related to machine vision systems were restrained due to lockdown measures, lack of availability of skilled professionals, and delay in investments in new projects with occurrence of economic uncertainty.

The 2D segment to maintain its lead position throughout the forecast period

Based on type, the 2D segment accounted for the highest share in 2021, accounting for nearly half of the global healthcare machine vision system market, and is estimated to maintain its lead position throughout the forecast period. This is due to increase in applications such as drug dispensing, patient monitoring, and others with rise in demand for two-dimensional (2D) barcode and label scanning systems in hospitals and clinics. However, the 3D segment is projected to witness the highest CAGR of 23.8% from 2022 to 2031. This is attributed to usage of devices that offer 3D vision images in the healthcare sector that enable the surgeons to understand and devise accurate strategies for a better procedure.

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The surgical segment to continue its leadership status throughout the forecast period

Based on application, the surgical segment held for the highest share in 2021, accounting for nearly one-fourth of the global healthcare machine vision system market, and is estimated to continue its leadership status throughout the forecast period. This is due to increase in advanced surgical facilities across the healthcare sector globally. However, the patient monitoring segment is projected to manifest the highest CAGR of 23.6% from 2022 to 2031, owing to implementation of wireless health monitoring devices for tracking respiration, invasive & non-invasive blood pressure, and others.

Asia-Pacific contributes to the highest revenue

Based on region, Asia-Pacific held the highest market share in 2021, accounting for around one-third of the global healthcare machine vision system market. This is due to rise in adoption of internet of things (IoT) technology and surge in investments by prime players in data centers. However, Europe is projected to portray the fastest CAGR of 23.3% from 2022 to 2031, owing to technological advancements in machine vision technology.

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Leading Market Players

Baumer
Cognex Corporation
FLIR Systems, Inc.
Basler
Keyence
Omron Corporation
Teledyne Group
TKH Group
Sony Corporation

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Touchless Sensing Market is Projected to Reach $46.5 Billion by 2031 | Growing at a CAGR of 17.5%.

Surge in demand for contact-free sensing, rise in digitalization across different industries, and increase in adoption of touchless sensing technologies in smartphones drive the growth of the global touchless sensing market. Based on region, North America held the highest share in 2021, contributing to nearly two-fifths of the global touchless sensing market, and is expected to continue its dominance in terms of revenue by 2031.

According to the report published by Allied Market Research, the global touchless sensing market generated $9.4 billion in 2021, and is estimated to reach $46.5 billion by 2031, manifesting a CAGR of 17.5% from 2022 to 2031. The report provides a detailed analysis of changing market dynamics, value chain, top segments, and competitive landscape. This report offers extensive information to assist market players, investors, stakeholders, and startups in devising strategies to maintain sustainable growth and avail competitive advantage in the market.

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Report Coverage & Details:

Report Coverage	Details
Forecast Period	2022–2031
Base Year	2021
Market Size in 2021	$9.4 billion
Market Size in 2031	$46.5 billion
CAGR	17.5%
No. of Pages in Report	260
Segments covered	Product, Technology, End-Use Industry, and Region.
Drivers	Surge in demand for contact-free sensing
Rise in demand for touchless sensing technologies in smartphones
Opportunities	Rise in digitalization across different industries
Surge in the use of IoT-enabled biometric products for security purposes
Restrains	High cost of maintenance, power consumption, and initial cost associated with touchless sensing equipment

Covid-19 Scenario:

Increase in investments in internet of things (IoT)-enabled devices such as touchless doors and digital kiosks in public transport and retail stores led to the growth of the touchless sensing market during the Covid-19 pandemic.
On the other hand, the market was severely impacted by different obstacles such as a lack of availability of skilled workforce, supply chain disruptions, and delay or cancelation of projects with the implementation of partial or complete lockdown in different countries globally.
The demand for touchless sensing technologies rose considerably during the pandemic to prevent the cross-contamination at public places. However, the implementation slowed down due to lockdown or postponement of projects.
The demand for touchless sensing technology for security purposes is projected to raise the revenue of the touchless sensing market post-pandemic.

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The research provides detailed segmentation of the global touchless sensing market based on product, technology, end-use industry, and region. The research analyzes segments and sub-segments for determining the largest revenue generating and highest-growing segments for market players and investors. Market size and forecasts for each segment and its sub-segments are offered in the report to outline the steps for achieving the growth.

Based on product, the touchless biometric equipment segment held the highest share in 2021, contributing to around three-fourths of the total share, and is expected to continue its leadership status throughout the forecast period. However, the touchless sanitary equipment segment is projected to manifest the highest CAGR of 18.1% from 2022 to 2031.

Based on technology, the sensor segment contributed to the highest share in 2021, accounting for nearly half of the global touchless sensing market, and is estimated to continue its lead in terms of revenue during the forecast period. However, the camera-based segment is expected to manifest the highest CAGR of 19.9% from 2022 to 2031. The report also analyzes the segments including RFID and voice assistance.

Based on end-use industry, the consumer electronics segment contributed to the largest share in 2021, accounting for more than one-fourth of the global market, and is expected to maintain its dominance by 2031. However, the automotive segment is projected to grow at the highest CAGR of 19.5% during the forecast period. The research also discusses segments such as electronics, healthcare, finance and banking, defense and government, and others.

Based on region, North America held the highest share in 2021, contributing to nearly two-fifths of the global touchless sensing market, and is expected to continue its dominance by 2031. However, LAMEA is projected to grow at the fastest CAGR of 19.7% during the forecast period. The research also analyzes regions including Europe and Asia-Pacific.

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The research provides detailed analysis of leading players of the global touchless sensing market. Key players analyzed in the research include Cognitec Systems GmbH, InvenSense, Inc., Cross Match Technologies, Inc., Microsoft Corporation, Elliptic Laboratories, Intel Corporation, Pison, Somalytics, Inc., Cipia Vision Ltd., MorphoTrak, LLC, OmniVision Technologies, Inc., Google LLC (Alphabet), Pebbles, XYZ Interactive Technologies, NXP Semiconductors NV, Microchip Technology, Inc., and Qualcomm Inc.

The report analyzes these key players and highlights various strategies such as new product launches, partnerships, expansion, and others to increasing their market penetration and strengthening their position in the market. The report offers an extensive analysis that outlines product portfolio, business performance, operating segments, and key developments by each market player.

Key Benefits for Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the touchless sensing market analysis from 2021 to 2031 to identify the prevailing touchless sensing market opportunities.
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 to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the touchless sensing market segmentation 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 touchless sensing market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

Product

Touchless Sanitary Equipment
Touchless Biometric Equipment

Technology

RFID
Camera Based
Sensor
- Sensor
  - Infrared Sensor
  - Capacitive Near Field Sensors
Voice assistance

End Use Industry

Automotive
Consumer Electronics
Healthcare
Finance and Banking
Defense and Government
Others

By Region

North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, India, South Korea, Taiwan, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Gaming Simulation Market Scenario Highlighting Major Drivers & Growth Forecast – 2030

Adoption of gaming simulation for training and analysis in various industries, surge in demand for VR headsets, and acceptance of 360-degree cameras as next-generation technology across different developing nations drive the growth of the global Gaming Simulation Market. However, security and privacy issues and the high cost of VR headsets restrain the market growth. On the other hand, the adoption of AI and cloud computing for enhanced experience and collaboration between the entertainment industry and gaming simulator companies creates new opportunities in the coming years.

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The report offers detailed segmentation of the global gaming simulation market based on component, game type, end-user, and region.

Based on component, the hardware segment accounted for the largest market share in 2020, contributing to nearly three-fifths of the total share, and is estimated to maintain its lead position during the forecast period. However, the software segment is expected to manifest the fastest CAGR of 16.9% from 2021 to 2030.

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Based on game type, the racing segment contributed to the largest share in 2020, holding nearly three-fifths of the global gaming simulation industry, and is projected to maintain its leadership status during the forecast period. However, the fighting segment is expected to portray the largest CAGR of 17.8% from 2021 to 2030.

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Based on region, North America held the highest share in 2020, accounting for nearly two-fifths of the total share, and is estimated to maintain its dominance by 2030. However, Asia-Pacific is expected to portray the highest CAGR of 16.3% during the forecast period.

Leading players of the global gaming simulation market analyzed in the research include 3D Perception, CXC Simulations, CKAS Mechatronics Pty Ltd., Eleetus, D-Box Technologies Inc., Play seat B.V., Hammacher Schlemmer & Company, Inc., Sony Interactive Entertainment Inc., Rseat Ltd., and Vesaro.

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Covid-19 Scenario:

An increased shift toward virtual and augmented reality-based simulators in different organizations and businesses with the adoption of remote working and need to provide enhanced training to their employees led to rising in demand for gaming simulation during the Covid-19 pandemic. s
A shutdown of various gaming centers and entertainment places across the globe during the lockdown led to increased adoption of online gaming. This, in turn, increased the demand for simulators.

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Internet of Everything (IoE) Market

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Microwavable Foods Market Size, Comprehensive Research Study, Demand, Growth, Segmentation and Forecast to 2031

The global Microwavable Foods Market was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

Major determinants of the market growth

Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in disposable income and surge in urbanization would open new opportunities in the future.

Covid-19 scenario:

Reduction in footfall in retail outlets and grocery stores and shortage of potential foods hindered the market growth during the pandemic.
Owing to the Covid-19 pandemic, several microwavable foods producing companies surged their production to meet the demand of customers.
Due to prolonged lockdown, the supply chain disrupted and prices of raw material increased.

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Major market players

Ajinomoto Windsor, Inc.
ConAgra Foods, Inc.
Campbell Soup Company
Kellogg Company
General Mills Inc.
Nestle SA
McCain Foods
Pinnacle Food Inc.
Unilever Plc.
The Kraft Heinz Company

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The frozen food segment dominated the market

By product, the frozen food segment held the largest share in 2020, accounting for more than four-fifths of the market, as they offer better nutritional benefits and taste compared to fresh food. However, the chilled food segment is estimated to register the highest CAGR of 8.5% during the forecast period, due tochanges in lifestyles of the people and urbanization.

The online sales channel segment to portray the highest CAGR through 2030

By distribution channel, the online sales channel segment is projected to manifest the highest CAGR of 7.5% from 2022 to 2031, due to easy accessibility offered by online sales channel platforms. However, the hypermarkets/supermarkets segment held the largest share in 2020, accounting for more than two-fifths of the market, owing to availability of a broad range of food and beverages under a single roof.

Europe, followed by North America, held the highest share

By region, the market across Europe, followed by North America, dominated in 2020, accounting for more than one-third of the market, owing to high consumption of microwavable foods. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 7.2% during the forecast period, owing to rise in the number of working women population.

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Sports Events Market Presents Strong Revenue Visibility in Near Future Booming At a CAGR of 10.5% During 2021-2031

According to a new report published by Allied Market Research, titled, “Sports Events Market” The sports events market size was valued at $184.61 billion in 2021, and is estimated to reach $609.07 billion by 2031, growing at a CAGR of 10.5% from 2022 to 2031. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario.

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Some of the factors driving market expansion in the area include the expanding sporting events business, rising per capita income, the burgeoning middle-class population, and rising disposable income. In addition, the growing popularity of major sporting events such as the Tokyo Olympics and the Cricket World Cup, along with rising digitization in China and India, further fuel market expansion.

The market is expected to have plenty of opportunities due to the widespread acceptance of digital tickets and the expanding use of smartphones worldwide. However, during the anticipated timeframe, market development is anticipated to be constrained by the unpredictability of ticket pricing and a lack of price management.

According to the sports events market analysis, the sports events market is segmented into revenue source, age group and region.

The basis of revenue source, the tickets segment was the significant contributor to the market, with $63,865.1 million in 2021, and is estimated to reach $202,205.6 million by 2031, at a CAGR of 10.0% during the forecast period. A ticket is a voucher that indicates that an individual is entitled to admission to sports event. Digital tickets and online printable tickets, and paper tickets are majorly used forms of the sports event tickets. Online tickets for sports events has been gaining huge popularity owing to its convenience offered and hassle free payment getaways. Digital ticketing creating the high level of transparency, which is expected to reduce the black ticketing practices. Thus, above mentioned factors are projected to spur the sports events market growth during the forecast period.

The basis of age group, below 20 years segment was the significant contributor to the market and is estimated to reach $202,323.8 million by 2031, at a CAGR of 10.3% during the forecast period. The below 20 years segment includes the children, and are open to new learning and enthusiast to take up challenges & thrilling activities. Numerous school & college students attain various sporting events through schools and individually. Increase in participation of the kids and children in sports activities is likely to generate more interest in viewing live sports. Thus, below 20 years segment is growing at significant CAGR during the forecast period.

Region wise, North America garnered the major sports events market share in 2021, and is expected to maintain its market share throughout Sports events market forecast period. In 2020, North America had the highest revenue share of more than 50%. The main driver of regional growth is the rise in viewership for sports other than football in United States. With well-known clubs like the Bulls, Cavaliers, 76ers, Raptors, Mavericks, Warriors, Trail Blazers, and NY Knicks, football is the most watched sport in the area. The games are watched by a sizable audience both offline and online. In 2018, 851 824 people watched the Bulls on ESPN, and 843 042 people watched the Cavaliers.

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The players operating in the global sports events industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report are Ace Ticket Worldwide, Inc., GooTickets.Com, Razorgator LLC, SeatGeek, StubHub, Ticket City, Inc., Tickets.com, LLC, Ticketek Pty Ltd, Ticketmaster and TickPick LLC.

Key Benefits For Stakeholders:

○ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sports events market analysis from 2021 to 2031 to identify the prevailing sports events market opportunities.
○ 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 sports events market segmentation 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 research provides answers to the following key questions:

○ What is the estimated growth rate of the market for the forecast period 2021-2031?
○ What will be the market size during the estimated period?
○ What are the key driving forces responsible for shaping the fate of the Sports Events Market during the forecast period?
○ Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Sports Events Market?
○ What are the prominent market trends influencing the development of the Sports Events Market across different regions?
○ What are the major threats and challenges likely to act as a barrier to the growth of the Sports Events Market?
○ What are the major opportunities the market leaders can rely on to gain success and profitability?

Related Reports:

○ Sports Training Market is projected to reach $18.85 billion by 2031
○ Racket sports equipment market is Projected to Reach $272.40 Million by 2031
○ Smart Sports Equipment Market is expected to be valued at $12.0 billion by 2026
○ Music Event Market Current Trends and Growth Drivers Along with Key Industry Players

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Luxury Cosmetics Market New Highs – Current Trends and Growth Drivers Along with Key Industry Players

According to a new report published by Allied Market Research, titled, “Luxury Cosmetics Market by Type, Product Type, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,”. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario. The global luxury cosmetics market size was valued at $52,748.4 million in 2018 and is projected to reach $81,247.6 million by 2026, registering a CAGR of 5.6% from 2019 to 2026.

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Luxury cosmetics refer to the cosmetic products, which are used to cleanse the skin. They are manufactured using premium quality and organic ingredients, which are priced at a higher end as compared to consumer cosmetic products. Luxury cosmetics are primarily divided into skincare, haircare, makeup products, and fragrances, which are manufactured using premium quality ingredients and sold largely through specialty stores and e-commerce.

In addition, the increase in use of e-commerce (brand) websites to purchase luxury products, which are not available in the home country further propels the growth of the market. Moreover, rise in disposable income in the developing nations has majorly influenced the cosmetics consumption pattern among individuals in those regions. In addition, the rise in awareness among consumers regarding halal cosmetics has to a great extent prompted the market’s growth worldwide.

The organic products segment in the luxury cosmetic market is anticipated to exhibit the highest market share during the forecast period. The global rise in health consciousness among individuals boosts the demand for organic and natural cosmetic products in various countries across the globe. The global luxury cosmetics market is primarily driven by rise in consumer demand for products manufactured using naturally derived ingredients as compared to synthetic.

According to global luxury cosmetics market analysis, the market is segmented based on type, product type, end user, distribution channel, and region. By type, it comprises organic and conventional products. Based on product type, it is classified into skincare, haircare, makeup and fragrances. By end user, it is bifurcated into male and female. By distribution channel, it is categorized into supermarket/hypermarket, e-commerce, specialty/monobrand stores, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major players in the global luxury cosmetics industry analyzed in this report include L’Oréal, Shiseido Company, Limited, Christian Dior, Puig, Coty Inc., Kao Corporation, Revlon, Inc., The Estée Lauder Companies Inc., Oriflame Cosmetics AG, and KOSÉ Corporation.

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Key Findings of the Luxury Cosmetics Market:

○ Based on product type, the skincare segment accounted for the highest share of luxury cosmetics market in 2018, growing at a CAGR of 5.30% and makeup segment growing fastest with a CAGR of 6.10% between 2019 and 2026.
○ Based on type, the conventional segment accounted for about 75% of the global luxury cosmetics market in 2018. However, the organic segment is expected to grow at a CAGR of 7.60% during the forecast period.
○ Based on end user, the women segment is accounted for the highest share in luxury cosmetics market in 2018, growing at a CAGR of 5.20% and men segment growing fastest with a CAGR of 6.60% between 2019 to 2026.
○ Based on distribution channel, the specialty store segment accounted for about 75% of the global luxury cosmetics market share in 2018. However, the e-commerce segment is expected to grow fastest at a CAGR of 7.50% during the forecast period.
○ Based on region, Europe accounted for about 33% of the global luxury cosmetics industry by share and is expected to grow at a CAGR of 3.9%.

Reasons to Buy This Luxury Cosmetics Market Report:

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

Related Reports:

○ Cosmetic Serum Market by Manufacturer, Region, Type and Application Forecast to 2030
○ Cosmetics Face Serum Market Will Show An Increase Of By 2027, Report
○ Halal Cosmetics Market is projected to reach $144,816.10 million by 2031

Source: https://www.prnewswire.com/news-releases/luxury-cosmetics-market-to-reach-81-24-bn-globally-by-2026-at-5-6-cagr-allied-market-research-300909104.html

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Public Key Infrastructure Market Outlook 2021: Key Findings, Study by Segmentation, Key Company Profiles

Rise in applications of public key infrastructure and increase in number of cyber fraud attempts have boosted the growth of the global Public Key Infrastructure Market. However, high installation and maintenance costs and heavy network overhead and bandwidth requirements hinder the market growth. On the contrary, increased cyber-attacks during the Covid-19 pandemic and growing awareness about data privacy among users are expected to open new opportunities for the market players in the future.

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By deployment mode, the cloud segment held the largest share in 2020, contributing to around four-fifths of the global public key infrastructure industry, owing to paradigm shift in the deployment methods from on-premise to cloud-based models. However, the on-premise segment is expected to register the fastest CAGR of 28.7% from 2021 to 2030.

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By component, the services segment is estimated to portray the highest CAGR of 28.7% during the forecast period, as they offer support for the right functioning of software solutions. However, the hardware security modules segment held the largest share in 2020, accounting for more than one-third of the global public key infrastructure market, owing to rise in the frequency and complexity of data security threats.

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By region, the market across North America held the largest share in 2020, accounting for more than two-fifths of the market, owing to increase in need to ensure continuous compliance of data security across the enterprise. However, the global public key infrastructure market across Asia-Pacific is expected to register the highest CAGR of 28.1% during the forecast period, owing to rise in adoption rate of public key infrastructure solutions and services, increase in trust on online seller and customers, and surge sin instance of malware and file-based attacks.

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Covid-19 Scenario:

The Covid-19 pandemic increased the demand for public key infrastructure due to rise in web and online engagement.
Moreover, organizations demanded security solutions to secure their online business operations and consumer data.
The pandemic compelled several brick-and-mortar store-based business to adopt online platforms, which increased the demand for public key infrastructure.

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Commercial Refrigeration Market Industry New Pathways for Research and Innovation are Being Opened by Trends

According to a new report published by Allied Market Research, titled, “Commercial Refrigeration Market by Product and End User: Global Opportunity Analysis and Industry Forecast, 2021–2027″. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter’s Five Forces, and competitive scenario.

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The commercial refrigeration market size was valued at $28.19 billion in 2019, and is projected to reach $35.25 billion by 2027, growing at a CAGR of 4.4% from 2021 to 2027. Asia-Pacific is one of the prominent regions for commercial refrigeration, which accounted for 43.7% total market share in 2019. The medical refrigeration segment is expected to grow at the fastest CAGR of 5.1% throughout the forecast period, reaching $3.55 billion by 2027. This is attributed to rapid expansion of the retail pharmacy across the globe.

The growth of the global market for commercial refrigeration is driven by increase in demand for frozen & chilled products among consumers due to changes in lifestyle and rapid urbanization. Moreover, development of the organized retail sector coupled with increase in number of hypermarkets and supermarkets boosts the commercial refrigeration market growth. However, problems such as the need for frequent maintenance and potential technical issues arising due to lack of proper maintenance hamper the market growth.

Contrarily, advancements in commercial refrigerators such as integration of artificial intelligence (AI) coupled with rise in trend of automation of equipment and upsurge in number of food outlets & quick service restaurants especially in emerging economies are anticipated to provide potential opportunities for the growth of the commercial refrigeration market.

By end user, the supermarket/hypermarket segment accounted for a commercial refrigeration market share in 2019, and is expected to remain dominant during the forecast period. However, the retail pharmacies segment is expected to experience rapid growth with a CAGR of 6.0% from 2021 to 2027. This is attributed to the increased revenue from hospitals over the past few years, owing to rise in geriatric population and need for medical care.

Based on region, Asia-Pacific accounted for the largest share in 2019, holding more than two-fifths of the total market share, and will maintain its leadership status by 2027. However, LAMEA is expected to grow at the largest CAGR of 4.9% during the forecast period.

The commercial refrigeration industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Increase in demand for commercial refrigeration equipment in Asia-Pacific and LAMEA is expected in the near future, owing to rapid industrialization and implementation of automation in these regions. Moreover, rise in number of food outlets coupled with expansion of retail pharmacies and experience centers such as supermarkets and hypermarkets is expected to provide lucrative opportunities for the growth of the global market.

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The key players profiled in the report include United Technologies Corporation, Daikin Industries Ltd., Illinois Tool Works Inc. (ITW), Johnson Controls International Plc, Dover Corporation, AB Electrolux, Panasonic Corporation, Ali Group S.r.l., Frigoglass S.A.I.C., and Haier Electronics Group Co., Ltd.

Key benefits for stakeholders:

○ The report provides a quantitative analysis of the current commercial refrigeration market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing commercial refrigeration market opportunities.
○ The key countries in all the major regions are mapped based on their market share.
○ Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
○ In-depth analysis and the commercial refrigeration market size and segmentation assists in determining the prevailing market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the global industry.
○ Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the commercial refrigeration industry.

Reason to Buy:

○ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Commercial Refrigeration 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 Commercial Refrigeration 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.

Related Reports:

○ Europe Commercial Refrigeration Market is projected to reach $9,921.0 million by 2028
○ White Goods Market is estimated to reach $ 1,031.0 billion by 2027
○ Commercial Steamer Market Size, Share, Growth, Trends and Forecasts 2021-2027

Source: https://www.globenewswire.com/en/news-release/2021/02/03/2169140/0/en/Global-Commercial-Refrigeration-Market-to-Reach-35-25-Billion-by-2027-Allied-Market-Research.html

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