A Market Place Research – Page 1635

Ayurvedic Herbs Market Worth $21.6 billion , Globally, by 2028 at 10.8% CAGR

According to a new report published by Allied Market Research, titled, “Ayurvedic herbs Market by Herb type, Form, Disease Indication, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2028,”

The global Ayurvedic herbs market size was valued at $9.5 billion in 2020 and is anticipated to reach $21.6 billion by 2028, with a CAGR of 10.8% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $12 billion from 2020 to 2028. The Ayurvedic herbs market growth is propelled by rise in consumer health consciousness and improved distribution network. Consumers are prepared to pay more for those products that provide health advantages, and this awareness is expected to be a driver for the Ayurvedic herbs products market development. Ayurvedic Herbs and its products are still in nascent stages in various western countries such as Argentina, Canada, and Peru along with other developing regions. These are still untapped, which present lucrative Ayurvedic herbs market opportunities for manufacturers of Ayurvedic herbs products.

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Growing attention to alternative medicine is creating opportunities and Ayurvedic herbs market trends for the natural ingredients in coming years. There is an opportunity for suppliers of natural ingredients in developing countries, especially since some ingredients are not grown in Europe. Turmeric, for example, is indigenous to South Asia and is now finding applications in supplements and in medical products. Like turmeric, many other botanicals and essential oils used in natural health products simply cannot be grown in Europe.

According to the Ayurvedic Herbs market analysis, the market is segmented on the basis of herb type, form, disease indication, distribution channel, and region. Based on herb type, the market is categorized into Withania Somnifera (Ashwagandha), Frankincense (Boswellia), Indian Gooseberry (Triphala), Bacopa Monnieri (Brahmi), Turmeric, Cumin, Bitter Melon, Others.

Withania Somnifera (Ashwagandha) are widely used globally and is one of the prime herb types for Ayurvedic herbs; thus, is expected to influence the overall Ayurvedic herbs industry. The Withania Somnifera segment was valued at $2.3 billion and is expected to grow with a CAGR of 10% from 2021 to 2028, to reach $5.0 billion by 2028.

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By form, the capsules/tablets segment held a major Ayurvedic herbs market share in 2020, and is expected to remain dominant throughout the forecast period. This is due to the rise in consumer demand for healthy and clean-label herbal products.

Based on disease indication, the skin diseases segment held a major share of the Ayurvedic herbs market in 2020. This is attributed to rise in spending on Ayurvedic products herbs for the treatment of the skin.

The business to consumer channel including the hypermarkets/supermarkets segment was the leading channel with maximum share in 2020, growing with significant CAGR during the Ayurvedic herbs market forecast period. This is attributed to increase in business of retail sales in different regions and availability of large shelf space for maximum sales.

Region wise, Asia-Pacific was the prominent region in 2020, garnering maximum share in the Ayurvedic herbs market, owing to huge consumer base and increase in population. Moreover, the region hold the major share owing to rich tradition of herbal medicine led by India, Sri Lanka, Pakistan, Indonesia, among others.

The key players profiled in this report include are Colgate-Palmolive Company, Dabur India Ltd., Emami Limited, Kairali Ayurvedic Group, P&G, Patanjali Ayurved Limited, Shahnaz Ayurveda Pvt. Ltd, Shree Baidyanath Ayurveda Bhawan Pvt. Ltd, The Himalaya Drug Company, and Unilever.

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Key findings of the study

Based on herb type, The Withania Somnifera segment was valued at $2.3 billion and is expected to grow with a CAGR of 10% from 2021 to 2028, to reach $5.0 billion by 2028.
Based on form, Extracts segment witness a major annual growth rate of 10.9%.
Based on disease indication, the skin diseases held the major share and is expected to remain dominant throughout the forecast period.
Based on distribution channel, Business to consumer held the major share of 64.9% in 2020.
Region wise, North America witnessed a major annual growth rate of 11.5%.

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Database Automation Market 2022 – Top Companies, Business Growth & Investment Opportunities 2029

Data automation creates processes that access linked databases with an available driver and automate actions such as opening or closing an SQL multi-connection, executing SQL query or query a database, call a stored procedure, and others.

Owing to this, the database automation market is expected to rise at a significant rate during the forecast period. Key benefits of integrating DevOps and database processes for database automation include shorter iterations, fewer errors and outages in build, deploy, test, and release phases, and others.

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Proliferation of analytics has resulted into the growth in demand to automate repetitive database management processes to gain instantaneous predictive insights, which boosts the growth of the database automation market.

However, concerns associated with enterprise or government data privacy and security and dearth of skilled personals are some of the factors that restrain the database automation market growth.

The database automation market is segmented into component, deployment, enterprise size, application, industry vertical, and region. By component, it is bifurcated into solutions and services. By deployment, it is divided into cloud and on-premises.

On the basis of enterprise size, it is classified into large enterprises and small & medium enterprises. By application, it is categorized into backup, provisioning, and security & compliance.

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In terms of industry vertical, it is segmented into healthcare, manufacturing, research & academia, media & entertainment, retail & e-commerce, media & entertainment, IT & telecommunications, banking, financial services and insurance, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the database automation market analysis are Percona LLC, HelpSystems LLC, IBM Corporation, Oracle Corporation, BMC Software, Inc., Microsoft Corporation, CA Technologies, Inc., Red Gate Software Ltd, Amazon Web Services, Inc., and Micro Focus International plc.

These players have adopted various strategies to increase their market penetration and strengthen their position in the database automation market industry. Current and future database automation market trends are outlined to determine the overall attractiveness of the market.

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The study provides an in-depth analysis of the current global database automation market share along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the global database automation market size is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the global database automation industry.
The quantitative analysis of the global automation market industry from 2019 to 2026 is provided to determine the market potential.

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Coconut Milk Market is anticipated to reach $2.9 billion by 2027, with a CAGR of 17.1% during the forecast period

According to a new report published by Allied Market Research, titled, “Coconut Milk Market by Packaging Type, Category, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global coconut milk market size was valued at $1.1 billion in 2019 and is anticipated to reach $2.9 billion by 2027, with a CAGR of 17.1% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $1.8 billion from 2019 to 2027. The coconut milk market growth is propelled by rising consumer health consciousness and improved distribution network. Consumers are prepared to pay more for those products that provide health advantages, and this awareness is expected to be a driver for the coconut milk products market development.

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Coconut milk and its products are still in nascent stages in various regions of Africa, such as Zimbabwe, Liberia, Eritrea, and Burundi, along with other developing regions. These are still untapped, which present lucrative coconut milk market opportunities for manufacturers of coconut milk.

Increase in use of coconut-based products in food & beverage applications is expected to drive the market for coconut milk in the future. Coconut milk is widely used as ingredient in a variety of cosmetic products and processed food products such as cookies, cakes, milkshakes, and ice cream. With growth in consumption of processed food products, owing to rise in urban population, the demand for coconut milk is expected to grow at a significant rate in future.

According to the coconut milk market analysis, the market is segmented on the basis of packaging type, category, end user, distribution channel, and region. Based on packaging type, the coconut milk market is categorized into plastic bottles, tetra packs, and cans.

Tetra packs are widely used globally and is one of the prime packaging types for coconut milk; thus, is expected to influence the overall coconut milk industry. The tetra pack segment was valued at $699.5 million and is expected to grow with a CAGR of 16.5% from 2021 to 2027, to reach $1,778.8 million by 2027.

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By category, the conventional segment held a major coconut milk market share, and is expected to remain dominant throughout the forecast period. This is attributed to widespread availability of conventional coconut products across the globe. Moreover, conventional category of coconut milk in Asia-Pacific has gained a large consumer base, which, in turn, is expected to augment the coconut milk industry growth.

Based on end user, the food services segment held a major share of the coconut milk market. This is attributed to increase in purchasing power of consumers and rise in spending on luxury foods & beverages have led to a rapid growth of the food service industry, resulting in an increased demand for coconut milk and its products.

The retail distribution channel including hypermarkets/supermarkets segment was the leading channel with maximum share in 2019, growing with significant CAGR during the coconut milk market forecast period. This is attributed to increase in business of retail sales in different regions and availability of large shelf space for maximum sales.

Region wise, Asia-Pacific was the prominent region in 2019, garnering maximum share in the coconut milk market, owing to huge consumer base and increase in population. SMEs operating in the region are targeting online sales channel to increase their sales. These companies are further investing in various marketing and advertising activities to increase their products awareness. In addition, surge in penetration of organic coconut milk among consumers is anticipated to fuel the market growth during the forecast period.

The key players profiled in this report include are McCormick & Company Inc. (US), Goya Foods Inc. (New Jersey), Celebes Coconut Corp. (Philippines), Vita Coco (US.) Celebes Coconut Corp. (Philippines), Thai Agri Foods Public Co. Ltd (Thailand), Danone SA (France), Pureharvest (Australia), Thai Coconut Public Company (Thailand), and Dabur India Ltd (India).

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Key findings of the study

The organic coconut milk market size was valued at $435.7 million in 2019, and is anticipated to reach $1227.2 million by 2027, with a CAGR of 18% during the forecast period.
In 2019, by packaging type, the tetra packs segment held the highest share, accounting for 62.6%.
On the basis of end user, the food services segment led the market, garnering 54.07% of the global coconut milk market share in 2019.
Depending on distribution channel, the direct distribution segment is estimated to exhibit the highest CAGR of 18%.
In 2019, Asia-Pacific was the most prominent market, and is expected to grow at a significant CAGR throughout the forecast period.

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Vinyl Ester Market Value To Cross $2.1 Billion By 2030 | Top Companies and Industry Growth Insights

Allied Market Research published a report, titled, “Vinyl ester Market by Type (Bisphenol A Diglycidyl Ether (DGEBA), Epoxy Phenol Novolac (EPN), Brominated Fire Retardant, and Others) and Application (Pipes & Tanks, Paints & Coatings, Transportation, Pulp & Paper, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”. According to the report, the global vinyl ester industry generated $1.1 billion in 2020, and is anticipated to generate $2.1 billion by 2030, witnessing a CAGR of 6.5% from 2021 to 2030.

Prime determinants of growth

Increase in demand for flue gas desulfurization installation and rise in demand from corrosion-resistant pipes and storage tanks drive the growth of the global vinyl ester market. However, shortage of skilled labor and lack of standards hinder the market growth. On the other hand, Implementation of stringent environmental regulations presents new opportunities in the coming years.

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Covid-19 Scenario

The outbreak of the Covid-19 pandemic has had a negative impact on the global vinyl ester market, owing to temporary closure to all manufacturing facilities and production hubs.
The pandemic also disrupted the supply chain across the globe, which in turn, led to difficulties for the key players and vendors to supply raw materials.

The DGEBA segment to maintain its leadership status throughout the forecast period

Based on type, the Bisphenol A Diglycidyl Ether (DGEBA) segment held the highest market share in 2020, accounting for more than half of the global vinyl ester market, and is estimated to maintain its leadership status throughout the forecast period. This is due to its superior physical performance and corrosion resistance. However, the brominated fire retardant segment is projected to manifest the highest CAGR of 7.2% from 2021 to 2030, owing to its application in various applications.

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The pipes and tanks segment to maintain its lead position during the forecast period

Based on application, the pipes and tanks segment accounted for the largest share in 2020, contributing half of the global vinyl ester market, and is projected to maintain its lead position during the forecast period. This is because they reduce long-term maintenance and pump operating costs. Moreover, the pulp and paper segment is expected to portray the largest CAGR of 7.5% from 2021 to 2030. In the pulp and paper industry, processing wood & paper require the use of highly corrosive chemicals such as acids, alkalis, bleaches, and salt. Specially-designed processing equipment are used to withstand a variety of harsh chemical environments throughout the mill,. These requirements have pushed the pulp and paper industry to adopt epoxy vinyl ester resin-based FRP pipes.

Asia-Pacific, followed by Europe and North America to maintain its dominance by 2030

Based on region, Asia-Pacific, followed by Europe and North America held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global vinyl ester market. This is due to the high demand from the various industries in China, such as water & wastewater treatment, chemical, pharmaceutical, food processing, and transportation. However, the LAMEA region is expected to witness the fastest CAGR of 7.7% from 2021 to 2030, owing to economic development in this region.

Leading Market Players:-

AOC, LLC
Ashland Global Holdings Inc.
DIC CORPORATION
INEOS
Interplastic Corporation
Polynt
Reinchhold LLC 2
SHOWA DENKO K.K.
Sino Polymer Co., Ltd.
Swancor

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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Refractory Material Market Popular Trends & Technological Advancements, Forecast & Opportunities by 2030

Allied Market Research published a report, titled, “Refractory Material Market by form (Shaped and Unshaped), Chemical Composition (Alumina, Silica, Magnesia, Fireclay, and Others), Chemistry (Acidic, Basic, and Neutral), And End Use (Metals & Metallurgy, Cement, Glass & Ceramics, Power Generation, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030” According to the report, the global refractory material industry was estimated at $19.2 billion in 2020, and is anticipated to hit $30.3 billion by 2030, registering a CAGR of 4.7% from 2021 to 2030.

Drivers, restraints, and opportunities-

Surge in iron & steel production and increasing demand from the glass industry drive the growth of the global refractory material market. On the other hand, several environmental & health issues associated with the use of refractory materials impede the growth to some extent. However, emergence of recycled refractory materials is expected to create lucrative opportunities in the industry.

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COVID-19 scenario-

Several companies had either shut down or shrunk their operations owing to the risk of infections among the workforce where refractory materials are used for thermal insulation purposes. This factor impacted the global refractory material market negatively, especially during the initial phase.
However, the market is projected to recoup soon.

The shaped segment to dominate by 2030-

Based on form, the shaped segment contributed to nearly three-fifths of the global refractory material market share in 2020, and is anticipated to rule the roost by 2030. Increasing population across the world has heightened the growth of the building & construction sector, which in turn has led the cement manufacturers to produce high quality cement where shaped refractory materials are widely used in furnaces, kilns, incinerators, and reactors exposed at high temperatures. This factor has propelled the segment growth. The unshaped segment, however, would register the fastest CAGR of 4.8% throughout the forecast period. Rise in demand for crude oil and allied products where unshaped refractory materials are widely used in kilns and furnaces boosts the growth of the segment.

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The basic segment to maintain the dominant share-

Based on chemistry, the basic segment accounted for nearly two-fifths of the global refractory material market revenue in 2020, and is expected to lead the trail by 2030. The same segment would also grow at the fastest CAGR of 5.0% during the forecast period. Developments in the transportation sector have escalated the demand for oil & gas where basic refractory materials are widely employed in both offshore and onshore platforms. This factor has driven the segment growth.

Asia-Pacific, followed by Europe and North America garnered the major share in 2020-

Based on region, Asia-Pacific, followed by Europe and North America garnered the major share in 2020, holding more than three-fourths of the global refractory material market. The same region would also cite the fastest CAGR of 5.0% from 2021 to 2030. Increasing utilization of refractory materials in sectors such as power generation, iron & steel, cement manufacturing, and others drives the market growth in this region.

Key players in the industry-

IFGL Refractories Ltd.
Vitcas
Lanexis
Morgan Advanced Materials
RHI Magnesita GmbH
Calderys
Saint Gobain
SHINAGAWA REFRACTORIES CO., LTD.
Dalmia Bharat Refractory
Krosaki Harima Corporation

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Melamine Market Leading Global Companies and Regional Average Pricing Analysis by 2030

According to the report published by Allied Market Research, the global melamine market generated $1.7 billion in 2020, and is projected to reach $2.5 billion by 2030, witnessing a CAGR of 4.3% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Growth in demand for laminates, rise in consumption of melamine in the wood adhesive industry, and increased construction activities across the globe drive the growth of the global melamine market. However, harmful effects of melamine due to their toxicity restrain the market to some extent. On the other hand, growing demand for decorative laminates presents new opportunities in the upcoming years.

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COVID-19 scenario:

The outbreak of the COVID-19 pandemic led to global lockdown and temporary closure of paints & coatings manufacturing units across various countries. This way, demand for melamine that are widely used in production of surface coatings decreased significantly, thus hampering the growth of the global melamine market.
Also, the construction of various residential projects was halted amid lockdown. As a result, the demand for melamine from laminates manufacturers across the globe declined too.

The report offers detailed segmentation of the global melamine market based on type, application, and region.

Based on type, the melamine resin segment held the highest market share in 2020, holding more than two-third of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is estimated to register the highest CAGR of 4.6% from 2021 to 2030.

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Based on application, the laminates segment held the largest market share in 2020, holding more than one-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the wood adhesives segment is projected to register the highest CAGR of 5.0% from 2021 to 2030.

Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding half of the total market share, and is estimated to continue its dominant share by 2030. Moreover, the same region is projected to manifest the fastest CAGR of 4.7% during the forecast period. Other regions discussed in the report include North America, Europe, and LAMEA.

Leading players of the global melamine market analyzed in the research include Haohua Junhua Group Co, Ltd., OCI Nitrogen, BASF SE, Cornerstone Chemical Company, Qatar Melamine Company, Sichuan Golden Elephant Chemical, Mitsui Chemicals, Inc., Nissan Chemical Industries. Ltd., Methanol Holdings Limited, and Borealis AG.

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Potassium Iodide Market Projected To Hit $1.5 Billion By 2030 | Growth With Recent Trends & Demand

Allied Market Research published a report, titled, “Potassium Iodide Market by Product Type (Solid and Liquid) and Application (Pharmaceuticals, Nutraceuticals, Polymer, Food & Feed Additives, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”. According to the report, the global Potassium Iodide industry generated $0.8 billion in 2020, and is anticipated to generate $1.5 billion by 2030, witnessing a CAGR of 6.1% from 2021 to 2030.

Prime determinants of growth

Surge in adoption in the pharmaceutical sector and the polymer sector drives the growth of the global potassium iodide market. However, health related side effects hinder the market growth. On the other hand, rise in demand for solid potassium iodide presents new opportunities in the coming years.

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Covid-19 Scenario

The outbreak of the Covid-19 pandemic led to the global lockdown, which resulted to temporary closure of manufacturing facilities in various economies. This, in turn, negatively affected the growth of the global potassium iodide market.
Potassium iodide is used as polymer additives as it helps to stabilize heat and light in engineered polyimide. In addition, it is also used as blending component with copper iodide during processing of polymers. Thus, decline in demand for potassium iodide from the polymer industry has negatively affected the market.
Nevertheless, the market is going to recover once the lockdown is completely over.

The solid segment to maintain its leadership status throughout the forecast period

Based on product type, the solid segment held the highest market share in 2020, accounting for nearly three-fifths of the global potassium iodide market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 6.2% from 2021 to 2030. Proper iodine content is necessary for proper functioning of thyroid glands and solid potassium iodide is used to promote health condition. Thus, use of solid potassium iodide in promoting proper thyroid functioning is the key market trend. The research also analyzes the liquid segment.

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The pharmaceuticals segment to maintain its lead position during the forecast period

Based on application, the pharmaceuticals segment accounted for the largest share in 2020, contributing to more than two-fifths of the global potassium iodide market, and is projected to maintain its lead position during the forecast period. This is attributed to its usage as a protective agent during accidental radioactive exposure. However, the nutraceuticals segment is expected to portray the largest CAGR of 6.5% from 2021 to 2030, owing to its usage as a nutritional supplement in animal feed and human diet.

Asia-Pacific, followed by North America, to maintain its dominance by 2030

Based on region, Asia-Pacific, followed by North America, held the highest market share in terms of revenue in 2020, accounting for nearly two-fifths of the global potassium iodide market. Moreover, the same region is expected to witness the fastest CAGR of 6.9% from 2021 to 2030. Potassium iodide along with blend of copper based heat stabilizers are used for long term protection of polymers. Coupled with the global demand and domestic demand for polymers such as polyethylene, polypropylene, and others, there has been increased production and sales of polymer products in Asia-Pacific. This factor is anticipated to augment the growth of the global market. Other regions discussed in the report include Europe, North America, and LAMEA.

Leading Market Players: –

American Elements
Thermo Fisher Scientific Inc.
Samrat Pharmachem Limited
Adani Pharmachem Private Limited
Deepwater Chemical Inc.
Nippoh Chemicals Co. Ltd.
Godo Shigen Co. Ltd.
Lasa Supergenerics Co. Ltd.
IodiTech
Zibo Wankang Pharmaceutical Chemical Co. Ltd.

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Telecom Expense Management Market Trends Seeking New Highs | 2022-2029

There are several drivers, restraints and opportunities influencing the growth of the telecom expense management market worldwide. Growing adoption of devices mobile devices that are fast gaining visibility over expenditures and need for such visibility are playing an important role in keeping the future of the market bright.

However, lower interoperability as well as recent incidents of poor performance in compatibility associated with the solutions from different vendors has limited the growth of the market. Affordable deployment cost and rising need for cost efficient solutions would create greater opportunities for telecom expense management in years to come.

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The market is segmented based on solutions, delivery model, end -customers, industry and geography. Solutions covered in the market research reports consists of usage management, dispute management, sourcing management and many others. The delivery model examined during the study include hosted, managed solutions etc.

Major end -customers discussed in the report are small and medium enterprises and large enterprises. The adoption rate of telecom expense management solutions is visible in sectors such as automotive, healthcare, media and entertainment, manufacturing and more. Regions showing tremendous growth include North America, Europe, Asia Pacific and LAMEA.

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A closer look at the competitive landscape reveals that major IT brands are busy launching telecom expense management solutions and generating clients in the same month itself. Prominent market players are also seen acquiring new companies or local market players to maintain their competitive edge.

Other business strategies favored by the companies include constant upgradation, joint ventures and collaborations. Prominent brands active in the market are Accenture, IBM, CGI, Tangoe, CSC and many others.

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KEY BENEFITS FOR STAKEHOLDERS

The market research report provides an integrated information on the major drivers, restraints and opportunities influencing the industry growth, during the forecast period 2014 2020.
The study further drills down to produce data volume by components, end customers and demography.
SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
Region wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.
Study further weigh up on the prominent market players and what they are doing different to position their product in the already crowded marketplace.
Assessment of upstream and downstream market also forms an important part of the report.

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Medical Composite Market Share Will Hit $2.1 Billion By 2030 | Growth With Recent Trends & Demand

The global medical composites market was estimated at $0.9 billion in 2020 and is expected to hit $2.1 billion by 2030, registering a CAGR of 9.0% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

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Increase in use of medical composites in diagnostic imaging application and surge in demand from composite body implants drive the growth of the global medical composites market. On the other hand, high production cost impedes the growth to some extent.

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COVID-19 scenario-

Medical composites are used in medical imaging tables, owing to high strength and low signal diminution for nuclear imaging property. In addition, medical composites can also be used in PET/CT diagnostic imaging devices. And, the global medical composites market has been moderately affected due to COVID-19 pandemic
In addition, several consultancy firms are offering advisory services for those key players that are planning to expand their business and are offering financial support for startup medical composite manufacturing companies.
The global medical composites market is analyzed across fiber type, application, and region.

Based on application, the diagnostic imaging segment accounted for the major share in 2020, holding more than one-third of the global market. The same segment is also expected to exhibit the fastest CAGR of 9.4% throughout the forecast period.

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Based on fiber type, the carbon fiber segment generated the highest share in 2020, accounting for around four-fifths of the global market. The same segment would also cite the fastest CAGR of 9.1% from 2021 to 2030.

Based on region, the market across North America and Europe held the lion’s share in 2020, garnering nearly one-third of the global market. Asia-Pacific, however, is expected to cite the fastest CAGR of 10.1% by the end of 2030.

The key market players analyzed in the global medical composites market report include Composiflex Inc., Dentsply Sirona, IDI Composites International, Inc., Zeus Industrial Products, Inc., Kulzer GmbH, ROYAL DSM N.V., SGL Carbon SE, the 3M Company, CeramTec GmbH, and Toray Industries, Inc. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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Master Data Management Market Opening Up New Avenues – 2022-2029

The master data management market today is influenced by many drivers, restrains and opportunities. Indispensable need to install centrally located or managed data, growing requirements for verification and compliance, and multiplying needs for excellent business performance and data quality are some of the many factors driving the MDM market.

However, current apprehensions over data security as well as lack of awareness about the advantages associated with the data management solutions are the prime factors hindering the progress of the master data management market size. Nonetheless, incorporation of integrated vendor solutions is anticipated to offer new opportunities to the service providers.

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The master data management market is segmented in terms of applications, end users, deployment models, industries, and geography. In terms of application, the market is segmented into product data, supplier data, customer data, and others. The deployment models favoured by enterprises consists of on premise and cloudbased model. Small and medium business enterprises and large enterprises are considered to be a major end users of the market.

Industries served by the master data management market include BFSI, IT and telecom, media and entertainment, healthcare, retail, manufacturing, and others. Regions expected to observe tremendous growth in the MDM market are North America, Europe, Asia-Pacific and LAMEA.

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In recent times, major master data management market players are seen investing generously in research and development. Likewise, these brands are also exploring new markets to make their presence felt and increase their customer database.

Business strategies such as joint venture, and acquisitions and mergers have further helped the prominent vendors to expand their product portfolio. Some of the many prominent leaders include of IBM Corporation, Tibco Software, SAP AG, SAS Institute Inc., Riversand Technologies, Teradata Corporation and others.

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Key Benefits For Stakeholders

Extensive evaluation of master data management industry entry strategies and effective marketing channels forms an important part of the study
Descriptive function of the research digs deep into the major drivers, restraints and opportunities, shaping the future of the market worldwide
The study further outlines the technology advancements and policy amendments that determine the master data management market growth and master data management market share
Extensive information on new markets, launches, collaborations, acquisitions and mergers highlights how enterprises stay competitive
SWOT analysis of the master data management market brings to the table the weaknesses, strengths, opportunities and threats and also pin points how brands manage of stay competitive
The research puts a special emphasis on the industries expansively embracing the MDM.

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

If you have any special requirements, please let us know and we will offer you the report as per your requirements. Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Related Report:

Smart Meter Data Management Market

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