SaaS-based Expense Management Market to Record Robust Compound Annual Growth Rate During 2031

The global SaaS-based expense management market was valued at $3,680.0 million in 2021, and is projected to reach $12,691.53 million by 2031, growing at a CAGR of 13.4% from 2022 to 2031. The rise in the penetration of the internet is encouraging the creation and usage of innovative material, as well as the development of new technologies in smartphones.

These developments have resulted in the rapid deployment of Software as a Service Expense Management system. Furthermore, the availability of advanced and robust IT infrastructure is expected to offer potential growth opportunities for the SaaS-based expense management market.

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However, security breaches are a concern of SaaS-based expense management solutions, which hampers the market growth. Conversely, companies are adopting artificial intelligence (AI) services for security reasons, which is beneficial for the expansion of the SaaS-based expense management market during the SaaS-Based Expense Management Market Forecast.

On the basis of type, the travel and expense management segment dominated the overall SaaS-Based Expense Management Market Share in 2021 and is expected to continue this trend during the forecast period.

Companies are adopting SaaS-based travel and expense management solution to enhance organizing financial activities as well as boost the overall operational performance of an enterprise. In addition, corporations are improving their business operation to enhance their clients experience through using virtual technologies, thus driving the growth of the market.

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Depending on the industry vertical, the IT & telecom sector dominated the growth in 2021 and is expected to continue this trend during the forecast period. SaaS-based expense management software plays a pivotal role in eliminating inefficiencies in business activities and the requirement of deploying and managing the infrastructure of the IT &telecom industry. In addition, it provides limitless scalability and continual enhancement of functionality, which are critical in accomplishing digital transformation, thus boosting the growth of the market in this sector. 

Post COVID-19, the SaaS-based expense management market size was valued at $4,090.69 million in 2022, and is projected to reach $12,691.53 million by 2031, growing at a CAGR of 13.41% from 2022 to 2031. Governments and businesses increasingly adopted a work-from-home trend or shifted working employees to less affected areas to maintain business continuity during the pandemic.

However, the situation accelerated the adoption of advanced technologies such as AI, ML automation, and virtualization to control costs while improving customer experience. Furthermore, in the manufacturing sector, the pandemic pushed manufacturers to rapidly adopt novel strategies to address work-from-home policies and manage uncertain supply chains and extreme swings in demand. 

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This report gives an in-depth profile of some key market players in the SaaS-based expense management market, including Apptricity Corporation, Ariba, Inc., Concur Technologies, Expensify, IBM Corporation, Infor Global Solutions, Inc., Insperity, Inc., Nexonia, Oracle Corporation and Sutisoft, Inc. This study includes market trends, SaaS-Based Expense Management Market Analysis, and future estimations to determine the imminent investment pockets.

KEY FINDINGS OF THE STUDY

  • By component, the solution segment dominated the SaaS-Based Expense Management Industry in 2021. However, the services segment is expected to exhibit significant growth during the forecast period.
  • On the basis of type, the travel and expense management segment dominated the SaaS-based expense management market in 2021. However, the telecom expense management segment is expected to witness the highest growth rate during the forecast period.
  • Depending on organizational size, the large enterprises generated the highest revenue in 2021. However, the small and medium-scale enterprise (SMEs) segment is expected to witness the highest growth rate in the near future.
  • Depending on the industry vertical, the IT & telecom industry generated the highest revenue in 2021. However, the healthcare industry is expected to witness the highest growth rate in the near future.
  • Region-wise, the SaaS-Based Expense Management Industry was dominated by North America in 2021. However, Asia-Pacific is expected to witness significant growth in the coming years.

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Related Report:

  1. SaaS-based SCM 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

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

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Land Survey Equipment Market Research Report, 2030 | Business Strategies and Opportunities With Key Players Analysis

According to a new report published by Allied Market Research, titled, “Land Survey Equipment Market,” The land survey equipment market size was valued at $7.3 billion in 2020, and is estimated to reach $13.4 billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030.

The major players include in this report:

  • Hexagon,
  • Hi-Target,
  • Hudaco Industries Limited,
  • Kolida Instrument Co., Ltd.,
  • Robert Bosch GmbH,
  • Shanghai Huace Navigation Technology Ltd. (CHC Navigation),
  • Stonex,
  • Suzhou Foif Co., Ltd.,
  • Topcon Corporation,
  • Trimble Inc.

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

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

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

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

Key findings of the study

  • By product, the GNSS systems segment was the highest revenue contributor in 2020.
  • By industry, the construction segment generated the highest revenue in 2020.
  • By application, the monitoring & inspection segment generated the highest revenue in 2020.
  • By region, the Asia-Pacific region had the highest land survey equipment market share in 2020.
  • The report includes land survey equipment market forecast from 2021-2030.

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Companion Animal Pharmaceuticals Market Insights and Business Outlook

Due to the increase in companion animal population and increase in animal health expenditure, many international market players are focusing on investing in this niche market. Moreover, increase in the spread of zoonotic diseases such as rabies, salmonellosis, plague, brucellosis, and Lyme is a major concern in animal husbandry, which has contributed to the growth of the companion animal pharmaceuticals market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.alliedmarketresearch.com/request-toc-and-sample/12674

A companion animal is a non-helpful animal that is used for psychological support, entertainment, company, outdoor exposure, and many other functions that humans need to share with animals. Dogs, cats, horses, birds, mice, and guinea pigs are some of the animals that can be considered companion animals. Numerous studies have shown that positive health benefits, such as lower blood pressure, reduced anxiety, fewer heart arrhythmias, greater mental stability, and improved health are associated with a companion animal. Additionally, companion animal pharmaceuticals are used to soothe, treat and improve their health and performance. These animals need to be cared for and given the necessary health care.

COVID-19 Scenario Analysis

The coronavirus pandemic is having a huge impact on businesses and has already caused an unprecedented collapse of economic activities. The COVID-19 impact is straining the healthcare systems globally and has disrupted the supply chain for the companion animal pharmaceuticals market, temporarily leading to a decline in the demand for these products. The rapidly increasing demand for healthcare facilities and healthcare workers may leave only a few healthcare systems to meet the increasing demand during the pandemic situation.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲@ https://www.alliedmarketresearch.com/purchase-enquiry/12674

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬

  • This study presents the analytical depiction of the global companion animal pharmaceuticals market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐪𝐮𝐞𝐬𝐭@ https://www.alliedmarketresearch.com/request-for-customization/12674

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

  • Eli Lily, Merck & Co., Inc.
  • Ceva Santé Animale
  • Vetoquinol S.A.
  • Zoetis
  • Boehringer Ingelheim International GmbH
  • IDEXX Laboratories, Inc.
  • Indian Immunologicals Ltd.
  • Agrolabo S.p.A.
  • Elanco Animal Health Incorporated
  • Virbac

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Biosensors Market: https://www.alliedmarketresearch.com/biosensors-market

Clinical Upright Microscopes Market: https://www.alliedmarketresearch.com/clinical-upright-microscopes-market-A12586

𝐖𝐞 𝐚𝐥𝐬𝐨 𝐎𝐟𝐟𝐞𝐫𝐬 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐝 𝐂𝐨𝐮𝐧𝐭𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

  • North America Companion Animal Pharmaceuticals Market
  • Japan Companion Animal Pharmaceuticals Market
  • South Korea Companion Animal Pharmaceuticals Market
  • Singapore Companion Animal Pharmaceuticals Market
  • Australia Companion Animal Pharmaceuticals Market
  • Europe Companion Animal Pharmaceuticals Market
  • China Companion Animal Pharmaceuticals Market
  • Taiwan Companion Animal Pharmaceuticals Market
  • New Zealand Companion Animal Pharmaceuticals Market

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐁𝐥𝐨𝐠:

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
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Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Smart Bathrooms Market Research Report, 2030 : Key Growth Factors and Opportunity Analysis 

The global smart bathroom market size was valued at $3.7 billion in 2020, and is projected to reach $10.8 billion by 2030, registering a CAGR of 11.2% from 2021 to 2030. A number of businesses have modernized and rebranded themselves as smart industries as a result of Internet of Things (IoT) and the growth in user base of smart phones. The global market is one such market. The surge in trend of automation has propelled this industry forward. The increased popularity of high-tech toilets and digital faucets is likely to fuel the market’s expansion in the coming years. Smart bathroom consist of smart windows, hand dryers, touchless faucets, and toilets. These systems aid in water and energy saving. Construction companies have substantially invested in the creation of smart buildings with amenities such as smart toilets to stimulate development.

Competition Analysis

  •  Toto Ltd.,
  • Jacuzzi Brand LLC,
  • Roca Sanitario,
  • Kohler CO.,
  •  Jaquar, Cera Sanitaryware Ltd.,
  • LIXIL Corporation,
  • Pfister (Spectrum Brands),
  • MASCO Corporation
  • Delta Faucet Company.

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The demand for smart bathroom has smart bathroom market growth in penetration of smart homes in both emerging and established countries throughout the world. Furthermore, the rise in home improvement projects and bathroom renovations, is paving the way for a variety of smart bathroom in both the residential and commercial sectors. Owing to rise in property and mortgage prices, more expenditure on home renovation projects or remodeling drives product demand. Furthermore, consumers have been showing interests in bathrooms with built-in smart fittings, smart toilets, faucets, and soap dispensers that operate on sensors to create a spa-like experience.

Smart toilets are equipped with extra features and sensors that allow them to perform a number of tasks other than just flushing. Smart toilets often use significantly less water than traditional toilets, in addition to providing a better bathroom experience. As a result, they are an excellent alternative for saving water and conserving energy. Key players are focusing on launching smart toilets for maintaining hygiene and saving water. For instance, in December 2020, TOTO Ltd. has launched RP Compact toilet series for small bathrooms. The RP series has powerful cyclone tornado flush and the CEFIONTECT glazing, which is extremely smooth, robust, and long-lasting.

The expansion of building sector in many countries has offered significant growth opportunity for smart bathroom market. For example, in November 2020, China’s central government set a goal of completing 70% of new safe building construction by 2022. Similarly, in May 2019, the Indian government presented a $1.5 trillion construction investment plan for a six-year period ending in 2025. This investment will go toward improving school and higher education building quality, as well as health, sports, and basic infrastructure. Such government initiatives will act as a growth driver for market.

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However, during the pandemic lockdown, various manufacturers in the market had to stop their business countries such as China, the U.S., and India. This break directly impacted sales of smart bathroom companies. In addition, lack of manpower and raw materials also constricted supply of equipment of smart bathroom has negatively influenced growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of smart bathroom companies.

Key Findings Of The Study

  • The report provides an extensive analysis of the current and emerging smart bathroom market trends and dynamics.
  • Depending on product type, the toilet segment dominated the smart bathroom market share, in terms of revenue in 2020 and faucet is projected to grow at a CAGR 13.3%during the forecast period.
  • By application, the commercial segment registered highest revenue in the market in 2020.
  • Asia-Pacific is projected to register the highest growth rate in the coming years.
  • The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the smart bathroom industry.
  • The report provides an extensive analysis of the trends and emerging opportunities of the market.
  • In-depth smart bathroom market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

Related Report: https://www.digitaljournal.com/pr/escalators-market-size-share-growth-and-global-forecast-to-2030

https://www.digitaljournal.com/pr/smart-bathroom-market-share-growth-trends-and-industry-forecast-to-2030-2

https://www.digitaljournal.com/pr/europe-interior-doors-market-size-growth-trends-and-analysis-by-2030

https://www.digitaljournal.com/pr/smart-bathroom-market-share-growth-trends-and-industry-forecast-to-2030-2

CNC Metal Cutting Machine Market Research Report, 2030 | Business Strategies and Opportunities With Key Players Analysis

According to a new report published by Allied Market Research, titled, “CNC Metal Cutting Machine Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global CNC metal cutting machine market size was valued at $53.1 billion in 2020, and is projected to reach $83.4 billion by 2030, registering a CAGR of 4.2% from 2020 to 2030.

The key players include in this report:

  •  Amada Holdings Co., Ltd.,
  • Coherent, Inc.,
  • DMG MORI CO., Ltd.,
  • Hurco Companies, Inc.,
  • Komatsu Ltd,
  • Lincoln Electric Holdings, Inc.,
  • Maschinenfabrik Berthold Hermle AG,
  • Okuma Corporation,
  • TRUMPF GmbH + Co. KG,
  • Yamazaki Mazak Corporation

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By type, the market is segmented into machining centers, lathe machines, gear cutting machines, laser cutting machines, and others. Among these,the machining centers segment accounted for the highest market share in 2020 and laser cutting machines is expected to witness significant growth during the forecast period, owing to increase in demand for automotive and defense industries. The market is analyzed with respect to different applications in industrial verticals such as Automobile, Aerospace & defense, Electronics, Power & Energy, and Others. The CNC Metal Cutting Machine market growth of global manufacturing industry and increased investment in automotive, aerospace & defense, and electronic manufacturing industry. However, high initial cost of the potential to limit growth of the market.

The rise in global population and surge in purchasing power of masses in developing countries have significantly increased the demand for automobiles, thereby fueling the use of CNC metal cutting machines in automotive industry. Moreover, surge in demand for efficient and precise metal cutting machines drive the CNC metal cutting machines market. In addition, increased investments in global defense and aerospace manufacturing industry fueled by changing global economic & power dynamics propel demand for CNC metal cutting machines.

For instance, according to India Brand Equity Foundation, the Indian Government is anticipating local and foreign investments around $8-10 billion in the automotive sector by 2023. And the Indian automotive industry is expected to reach US$ 251.4-282.8 billion by 2026.

However, during the pandemic, various manufacturers in the CNC metal cutting machine market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of CNC metal cutting machine companies. In addition, lack of manpower and raw materials constricted supply of components of CNC metal cutting machines; and has negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for corona virus disease are anticipated to lead to re-opening of CNC metal cutting machine companies.

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Key Findings Of The Study

  • The report provides an extensive analysis of the current and emerging CNC metal cutting machine market trends and dynamics.
  • Depending on type, the machining centers segment dominated the CNC metal cutting machines market, in terms of revenue in 2020 and the laser cutting machines segment is projected to grow at a significant CAGR during the forecast period.
  • By end user, the automobile segment registered highest revenue in 2020.
  • Asia-Pacific is projected to register highest growth rate in the coming years.
  • The key players within the CNC metal cutting machine market share are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the CNC metal cutting machines industry.
  • The report provides an extensive analysis of the current trends and emerging opportunities of the market.
  • In-depth CNC metal cutting machine market analysis is conducted by constructing estimations for the key segments between 2021 and 2030

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Macular Degeneration Treatment Market Industry Insight and Outlook | Forecast, 2029

The increase in the number of individuals susceptible to macular degeneration is expected to help the market capture maximum shares in the coming years. About 11 million people in the U.S. have some form of age-related macular degeneration, according to the Bright Focus Foundation. Additionally, this number will double to nearly 22 million by 2050, depending on growth rates.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.alliedmarketresearch.com/request-sample/11581

Moreover, the total number of people living with macular degeneration is projected to increase to 196 million worldwide by 2020 and to about 288 million by 2040. The foundation also notes that age is a major risk factor for age-related macular degeneration. The risk of developing advanced age-related macular degeneration increases from 2% for people aged 50-59 to approximately 30% for people over the age of 75.

COVID-19 Scenario Analysis

Pharmaceutical and biotechnological companies have joined hands with governments around the globe to combat with the COVID-19 outbreak, for assisting in the development of various vaccines to ensure appropriate alternatives for medicines supply chain challenges. The estimates suggest that there are about 115 vaccine candidates and about 155 molecules, which are in the R&D pipeline. Due to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is hence anticipated to witness a significant growth for the newly developed drugs for the managements of the COVID-19 in the future. The current scenario has brought halt in the massive production of the medications used for macular degeneration treatment and also has broadly affected the supply of the medications, which is probing challenges for the major market players. However, the growing concern to lead healthy life has emerged due to the pandemic and hence, would propel the growth of this industry in the coming years.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲@ https://www.alliedmarketresearch.com/purchase-enquiry/11581

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬

  • This study presents the analytical depiction of the global macular degeneration treatment industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global macular degeneration treatment market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Macular Degeneration Treatment market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the macular degeneration treatment market.
  • The report provides a detailed global macular degeneration treatment market analysis based on competitive intensity and how the competition will take shape in coming years.

𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐪𝐮𝐞𝐬𝐭@ https://www.alliedmarketresearch.com/request-for-customization/11581

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
The key players profiled in this report include Novartis AG, F. Hoffmann-La Roche AG, Bausch Health Companies Inc., Regeneron, Ellex, REGENXBIO Inc., Aerie Pharmaceutical Inc., Panoptica, and Pfizer Inc.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐖𝐞 𝐚𝐥𝐬𝐨 𝐎𝐟𝐟𝐞𝐫𝐬 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐝 𝐂𝐨𝐮𝐧𝐭𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

  • North America Macular Degeneration Treatment Market
  • Japan Macular Degeneration Treatment Market
  • South Korea Macular Degeneration Treatment Market
  • Singapore Macular Degeneration Treatment Market
  • Australia Macular Degeneration Treatment Market
  • Europe Macular Degeneration Treatment Market
  • China Macular Degeneration Treatment Market
  • Taiwan Macular Degeneration Treatment Market
  • New Zealand Macular Degeneration Treatment Market

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐁𝐥𝐨𝐠:

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact:

David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Telecom Analytics Market Booming Segments; Investors Seeking Growth by 2026 | At a CAGR of 13.9%

According to the report published by Allied Market Research, the global telecom analytics market was pegged at $3.52 billion in 2018 and is anticipated to hit $9.89 billion by 2026, registering a CAGR of 13.9% from 2019 to 2026. 

An increase in efforts for simplifying revenue management, the surge in demand for fraud detection due to network infringement and a rise in the need for churn reduction propel the growth of the global telecom analytics market.

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On the other hand, a lack of awareness regarding telecom analytics among telecom operators restrains the growth to some extent. However, the incorporation of new technologies such as machine learning and AI in telecom analytics is anticipated to usher in multiple opportunities in the industry.

Based on component, the report is bifurcated into two segments namely solution and service. The solution segment accounted for more than two-thirds of the total market share in 2018, and is expected to lead the trail by the end of 2026. At the same time, the service segment is predicted to manifest the fastest CAGR of 15.40% from 2019 to 2026.

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Based on deployment, the market study divides the report into on-premise and cloud segments.  The on-premise segment contributed to nearly three-fifths of the total market revenue in 2018, and is estimated to rule the roost till 2026. The cloud segment, on the other hand, is anticipated to portray the fastest CAGR of 15.50% throughout the study period.

Based on geography, the report is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America garnered the major share in 2018, holding nearly two-fifths of the global market. Simultaneously, the region across Asia-Pacific would showcase the fastest CAGR of 16.0% by 2026.

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The key market players analyzed in the global telecom analytics market report include Tableau,  Sisense, Oracle, Cisco, SAS Institute, Teradata, SAP SE, Tibco, Adobe, and IBM. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to corroborate their stand in the industry.

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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.

Related Report:

  1. OSS & BSS 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

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

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Yeast Extracts and Beta-Glucan Market Anticipated to Expand at a CAGR of 7.5% during the Forecast Period 2031

Yeast Extracts and Beta-Glucan Market,” The yeast extracts and beta-glucan market was valued at $1,339.6 million in 2020, and is estimated to reach $3,008.1 million by 2031, growing at a CAGR of 7.5% from 2022 to 2031.

The global yeast extracts and beta-glucan market is driven by factors such as rise in demand for yeast extract and beta-glucan among health-conscious consumers. In addition, increase in applications of yeast and specialty yeast products in the food & beverages industry and continuous investments in R&D for the development of new products boost the market growth. Furthermore, increase in cholesterol levels and rise in incidences of obesity & diabetes have driven the market of yeast extract and beta-glucans to produce medicines, which are used to boost immunity. Increase in demand for ready-to-eat foods due to rise in population of working women and upsurge in urban population have fueled the demand for yeast extracts and beta-glucans.

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The demand for yeast extract and beta-glucan products has increased due to changes in eating patterns and rise in consumption of processed food along with high disposable income in developing countries. Moreover, increasing e use of yeast extract in the processed food industry has led to spiraling increase in the number of yeast manufacturers. However, shortage of molasses and easy availability of feasible substitutes in terms of sources of raw materials have affected the sales of yeast extract and beta-glucan manufacturers to develop differentiated products. Conversely, the untapped sectors for yeast extracts applications provide significant opportunities for development of the market players.

Outbreak of COVID-19 negatively affected the growth of the yeast extracts and beta-glucan market in 2020. Demand for yeast extracts and beta-glucan from food & beverage industry and cosmetic industry declined, owing to stagnation in the export and import activities, supply chain disturbances, lack of labor, and halted production facilities.

The yeast extracts and beta-glucan market is segmented on the basis of product type, application, and region. Depending on product type, it is divided into yeast extract and yeast beta-glucan. According to application, it is classified into food & beverages, pharmaceutical, cosmetic, animal feed, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), and Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific).

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According to the yeast extracts and beta-glucan market trends, on the basis of product type, the yeast extract segment was the highest contributor to the market, with $1,091.9 million in 2020, and is estimated to reach $2,317.5 million by 2031, at a CAGR of 6.9% during the forecast period. Yeast extracts have been gaining major popularity in the food & beverages sector as it is one of the key aromatic natural ingredients used in flavorful dishes and drinks by various food & beverages companies. In addition, it is used to enhance the taste and texture of food products, including ready-to-eat products, dairy, and bakery food products. Furthermore, easy availability and cost-effective prices of resources form which yeast extract is obtained that includes saccharides and other sugar derivatives favor the growth of the market during the forecast period.

The players operating in the yeast extracts and beta-glucan industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Alltech, Angel Yeast Co., Ltd., Archer-Daniels-Midland Company, Associated British Food Plc, Chr Hasen As, Lallemand, Inc., Lesaffre ET Compagnie, SA, Nutra Green Biotechnology Co., Ltd., Specialty Biotech Co., Ltd., and Thai Foods International Co., Ltd.

According to the application, the cosmetic segment was the significant contributor to the market, and is estimated to reach $272.1 million by 2031, at a CAGR of 9.3% during the forecast period. Yeast extracts and beta-glucan are significantly used in the cosmetics industry, which boosts the immune function of the skin, thereby reducing allergy triggers. They have a moisturizing and anti-inflammatory effects which strengthen the skin’s immune system. They are used as bio-surfactant and moisturizing agent, thus making yeast extract as a good candidate to infuse into lotions and creams.

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Region wise, Europe has gained major yeast extracts and beta-glucan market share and is expected sustain its share yeast extracts and beta-glucan market forecast period. This is majorly attributed to increase in demand for clean label food products and functional food. High adoption and acceptance for newly launched food products in the category of functional food & beverages offer remarkable opportunities for the growth of the yeast extract and beta glucan market. Busy lifestyle of consumers in Europe and rise in health conscious population are the major factors that fuel the Europe yeast extracts and beta-glucan market growth.

About Us:

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

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

Pet Food Packaging Market Research Forecast, 2031 | Top Manufacturers, Emerging Trends and Global Demand

According to a new report published by Allied Market Research, titled, “Pet Food Packaging Market,” The pet food packaging market size was valued at $9.4 billion in 2020, and is estimated to reach $16.6 billion by 2030, growing at a CAGR of 5.7% from 2021 to 2030.

Pet food packaging keeps items fresh, long-lasting, clean, and contamination-free. Concerns over pets’ nutritional intake have prompted an increase in the production of diverse pet foods, as well as surge in demand for superior materials for pet food packaging. Applications of pet food packaging depends upon their use and operation in end user industries. For example, metal packing refers to a variety of enclosing and insulating materials comprised of steel or aluminum sheets. Metal packaging materials include aerosol and beverage cans, containers, barrels, drums, foil tops, and closures. Hence, such factors will drive the pet food packaging market growth during the forecast period.

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In recent years, the pet adoption rate has increased in developed and developing countries. Pet owners want their pets to eat healthy foods and maintain their health as the humanization of pets continues. As more companies introduce premium pet food products, good packaging is necessary to safeguard and preserve the contents. For instance, in September 2020, Nestle Purina has launched recyclable flexible pouch packaging for pet food. This new pouch addresses a key challenge of simplifying plastic structures in order to make them recyclable, without compromising on the functionalities of food-grade packaging.

North America accounted for around 35.6% share of the global market. The region has dominated the pet food packaging market share owing to high demand for pet food and packaging service across its many countries. Factors such as rise in pet adoption, changing lifestyles, the need for simplicity, convenience in packaging, and the rise in pet humanization trend all contribute to the market growth. However, Asia-Pacific is expected to register highest CAGR during the forecast period. This is due to increase in R&D investments in developing countries and rise in investments in technology for recyclable packaging and services for human & pets. For instance, in march 2020, Nestle made a significant investment in Tianjin, China to expand its pet food operations. The pet food packaging industry in the region has rapidly developed as a result of higher pet adoption rate. This is expected to boost the demand for pet food packaging in Asia-Pacific in coming years.  

Paper and paperboard are a rapidly growing segment of the pet food packaging market that provide numerous benefits to end customers across a wide range of industries, including food, beverage, healthcare, and distribution centers. The growth in demand for corrugated container boards for packaging of fruits, vegetables, and food goods in commercial sectors has raised demand for paper and paperboard.

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Furthermore, market key players have implemented various strategic moves such as product launch, collaboration, and partnership to strengthen their market position. For instance, in January 2021, Avon Pacfo Services LLP launched a packaging solution for pet and human food that is 100% biodegradable, recyclable, and effective. These are mostly utilized for long-distance packing and transportation. They produce a wide range of corrugated boxes, including standard RSC boxes and die-cut corrugated boxes. All such factors are expected to provide lucrative growth in the global market.

However, during the pandemic, various manufacturers in the pet food packaging market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of pet food packaging companies. In addition, lack of manpower and raw materials also constricted supply of equipment of pet food packaging, which has negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of service pet food packaging companies.

Key Findings Of The Study

  • The report provides an extensive analysis of the current and emerging pet food packaging market trends and dynamics.
  • Depending on material type, the paper & paperboard segment dominated the pet food packaging market in terms of revenue in 2020 and the plastic segment is projected to grow at a significant CAGR during the forecast period.
  • By animal type, dog segment has registered highest revenue in 2020 and cat segment is projected to register significant growth rate during the forecast period.
  • By food type, the dry food segment has registered highest revenue in 2020.
  • Asia-Pacific is projected to register highest growth rate in the coming years.
  • The key players within the pet food packaging market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the pet food packaging industry.
  • The report provides an extensive pet food packaging market forecast of the current trends and emerging opportunities of the market.
  • In-depth pet food packaging market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

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Solar Simulator Market is estimated to reach $2,134.6 billion by 2031

The solar simulator market size was valued at $203.6 million in 2021, and is estimated to reach $364.6 million by 2031, growing at a CAGR of 5.8% from 2022 to 2031. Significant development of the end-use industries such as textile, automotive, paint & coatings, solar, pharmaceutical, chemicals, and healthcare has fueled the demand for solar simulators to check performance parameters of the products or materials from above mentioned industries, which in turn drives the growth of the solar simulator market during the forecast period. In addition, increase in demand for solar products from developing economies such as India, China, and Japan fuel the growth of the market, globally. However, high cost associated with solar simulators and disadvantages such as high-power consumption, high electronic drive costs, and short life cycles are the key factors that are expected to hamper the global solar simulator market growth in the upcoming years. 

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Depending on type, the pulsed solar simulator segment held the highest market share of about 56.7% in 2021, and is expected to maintain its dominance during the solar simulator market forecast period. This is attributed to rise in demand for pulsed solar simulators from PV module testing and other applications. In addition, increase in demand for rapid & accurate measurement of electrical power output, characteristics of PV cells, modules, and solar panels for manufacturing of standard products is further expected to fuel the growth of the market in the coming years. 

On the basis of light source, the xenon arc lamp segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to rise in demand for xenon arc lamp based solar simulator owing to its ability to produce stable spectral equal to the sunlight without filtering from various applications including testing of PV cell or module applications. In addition, increase in use of xenon arc lamp based solar simulator owing to advantages associated with it such as good match to sunlight spectrum, stable spectrum, ability to produce high intensity beams and others fuel the growth of the xenon arc lamp based solar simulator market in the coming years.

On the basis of application, the PV cell/module and material testing segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 5.9%. This is due to rapid growth in the solar energy industry over the last decade is projected to continue in the upcoming years and owing to increased investments in renewable energy across the globe. In addition, rise in demand for solar panels to energize home appliances such as lights and pumps rises the demand for solar based products, which in turn is expected to drive the growth of the solar simulator for the testing of modules and PV materials during the forecast period.

On the basis of region, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific garnered the dominant share in 2021, and is anticipated to maintain this dominance in solar simulator market trend during the forecast period. This is attributed to the presence of key players and huge consumer base in the region. In addition, rapid expansion of the renewable energy sector, rise in investment toward building & construction of renewable energy infrastructure, and increase in research & development efforts in the region are further anticipated to fuel the growth of the market in the upcoming years.

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The global solar simulator market analysis covers in-depth information of the major solar simulator industry participants. The key players operating and profiled in the report include ABB, Ltd., ABET Technologies, Inc., Asahi Spectra Co., Ltd., Endeas, Gsolar Power Co., Ltd., Iwasaki Electric Co., Ltd., Sciencetech, Inc., Schneider Electric, Solar Light Company, LLC, and Spectrolab. Other players operating in the value chain of the global solar simulator market are OAI, Wacom Electric Co. Ltd., Nisshinbo Mechatronics, Inc., Spire Solar, and others.

KEY FINDINGS OF THE STUDY

•    In 2021, the pulsed solar simulator type segment accounted for about 56.7% of the share in the global solar simulator market, and is expected to maintain its dominance till the end of the forecast period.
•    In 2021, the xenon arc lamp light source segment accounted for 31.4% solar simulator market share in the year 2021, and is anticipated to grow at a rate of 5.7% in terms of revenue, increasing its share in the global solar simulator market.
•    LED lamp is the fastest-growing light source segment in the global solar simulator market, and is expected to grow at a CAGR of 6.1% during 2022–2031.
•    Automotive testing application segment is expected to grow at the fastest rate, registering a CAGR of 6.2%, throughout the forecast period.
•    In 2021, Asia-Pacific region dominated the global solar simulator market with more than 42.7% of the share, in terms of revenue.

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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.