A Market Place Research – Page 1671

Photo Editing Software Market Top Companies, Business Growth & Investment Opportunities 2029

The software has the ability to take scanned images of old film photography, convert them to digital images, and digitally restore them by removing imperfections and enhancing image quality.

The global photo editing software market is expected to register substantial growth in the near future, attributed to an increased innovation in camera technologies, demand of high-quality images and requirement of special effects such as color, tints, and much more. Other factors that drive the photo editing software market are rise in number of smartphones & cameras and availability of high definition display. However, factors such as high cost, limited technical knowledge, and availability of free version software on the internet restrict the growth of the market.

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The report segments the photo editing and software market on the basis of product, end users, and geography. On the basis of type, it is classified into entry level, prosumer level, and professional level. According to the end users, the market is categorized into the individual, commercial, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive analysis and profiles of major market players such as Adobe Systems Software Ltd., Serif Ltd., Corel Corporation, CyberLink Corporation, DXO Optics, ACD Systems International Inc., ON1, Inc., Macphun, Magix, and Zoner, Inc. is also provided in this report.

Key Benefits

• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global photo editing software market.

• In-depth analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.

• This study evaluating competitive landscape and value chain is taken into account to understand the competitive environment across the geographies.

• This report entails the detailed quantitative analysis of the current market and estimations through 20162023, which assists in identifying the prevailing market opportunities.

• Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.

• Comprehensive analysis of all regions are provided that determines the prevailing opportunities in these geographies.

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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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Edge AI Processor Market Rising Advancement in Technology & Data Standardization Drive the Growth 2030 | Intel Corporation, Advanced Micro Devices

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Allied Market Research (Portland, Oregon, USA) Published Latest Report titled, “Edge AI Processor Market“.

According to Allied Market Research, The Edge AI Processor Market report provides an in-depth analysis of the market on the basis of various parameters such as sales analysis, major driving factors, market trends, prime market players, prime investment pockets and market size, that aid in formulating sound business strategies and making informed decisions. The global Edge AI Processor Market report covers an overview of the market and outlines market definition and scope. The ongoing technological developments and surge in demand have an influential effect on the market growth.

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Moreover, the study provides Porter’s five forces model, along with portfolio and financial analysis and business overview of services and products. Furthermore, the report provides a quantitative and qualitative analysis of the market, outlines the pain point analysis, value chain analysis, and key regulations.

The global Edge AI Processor Market report provides a comprehensive study of the dynamic driving and restraining factors, major challenges, and lucrative opportunities. Moreover, the study covers a SWOT analysis that aids in recognizing the restraining and driving factors in the market. Furthermore, the report outlines market segmentation and growth analysis of the top 10 market players that are currently active in the industry. The drivers and opportunities help in grasping the dynamic market trends and how market players can leverage such trends.

The major market players that are studied in the report are Intel Corporation, Advanced Micro Devices, Inc., Alphabet Inc.; Intel Corporation, Qualcomm Technologies, Inc., Apple Inc, Mythic; Ltd., Arm Limited, Samsung Electronics Co., Ltd., NVIDIA Corporation, and HiSilicon (Shanghai) Technologies CO LIMITED.

These companies have adopted various business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to maintain market position.

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We help our clients to gain a competitive advantage in a market space by offering consulting services that include-but are not limited to:

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The report covers brief analysis of the impact of the Covid-19 outbreak on the market. The prolonged lockdown and disrupted supply chain across coupled with strict restrictions on international trade have a severe impact on the growth of the global Edge AI Processor Market. The Covid-19 pandemic increased the prices of raw materials and changed customer preferences.

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The regions analyzed in the report are North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). This regional analysis aids to formulate business strategies that target specific regions to leverage lucrative opportunities.

Key Market Segments:

By Type
- Central Processing Unit (CPU)
- Graphics Processing Unit (GPU)
- Application Specific Integrated Circuit (ASIC)
By Device Type
- Consumer Devices
- Enterprise Devices
By End Use
- Automotive and Transportation
- Healthcare
- Consumer Electronics
- Retail and Ecommerce
- Manufacturing
- Others

A thorough analysis of every segment helps to make strategic decisions and make profitable investments in the future. Furthermore, it helps market players to gain a competitive edge. The analysis of segment and sub-segment is offered in graphical and tabular formats. This study is vital to understanding the highest revenue-generating and fasting-growing segments of the market.

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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. 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.

Contact Center Software Market Top Companies, Business Growth & Investment Opportunities 2027

According to the report, the global contact center software industry was estimated at $18.70 billion in 2019, and is anticipated to hit $72.04 billion by 2027, registering a CAGR of 18.9% from 2020 to 2027.

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Increase in usage of contact center software among organizations to enhance customer experience, rise in omnichannel communication approach, rapid advancements in the field of customer relationship management, and upsurge in need for personalized services fuel the growth of the global contact center software market. On the other hand, cost issues in case of on-premise call center software impede the growth to certain extent. However, emergence of advanced technologies such as artificial intelligence, predictive analysis, cloud computing, and machine learning and increase in the usage of social media by customers are anticipated to create lucrative opportunities in the near future.

Based on component, the software segment contributed to more than two-thirds of the global contact center software market share in 2019, and is expected to lead the trail by the end of 2027. Growing popularity of interactive voice response (IVR) solutions to enable the quick resolution of queries over calls boosts the segment growth. The services segment, on the other hand, would also exhibit the fastest CAGR of 21.1% during the forecast period, due to extensive adoption of services among end users.

Based on deployment mode, the cloud segment accounted for nearly three-fifths of the global contact center software market revenue in 2019, and is expected to rule the roost by 2027. The same segment would also manifest the fastest CAGR of 20.2% throughout the forecast period. The availability of affordable internet connections is expected to boost the demand for cloud based deployment of contact center solutions in organizations.

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Based on geography, North America held the major share in 2019, generating around two-fifths of the global contact center software market. The organizations across various industries in the region are rapidly adopting and investing in the emerging technologies, such as big data, analytics, and cloud platforms. This factor drives the market growth in the continent. Simultaneously, the region across Asia-Pacific would showcase the fastest CAGR of 23.3% from 2020 to 2027. This is due to the presence of a broad customer base and significant number of SMEs in the province.

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Electronically Scanned Arrays Market Size, Growth, Report Study, Demand, Key Players, and Forecast by 2029

In definition, an electronically scanned array usually means a phased array, i.e., an array of antennas generating beams and rays of radio waves. Electronically the emitted waves are guided to a particular point in the desired direction without the antennas being physically shifted.

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Key Market Players

Northrop Grumman Corporation
Lockheed Martin
Thales Group
Raytheon Company
Israel Aerospace Industries
Saab Ab
Leonardo Spa
Hensoldt
Mitsubishi Electric Corporation
Rada Electronic Industries

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COVID-19 Scenario Analysis:

Tech firms are stepping up their emphasis on high-demand innovations and finding new ways to support their consumers, even as the COVID-19 crisis pose problems across sectors and leads to a decline in high technology investment.
Also, to safeguard the national borders, real-time information is required. The introduction of electronically scanned arrays; therefore, helps compensate for the need for information, surveillance, and recognition (ISR) capabilities even in these situations.
Solutions such as Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) are expected to contribute significantly when adapting to the COVID-19 pandemic and addressing constantly changing challenges.
Defense has a comprehensive drone-based surveillance network in tandem with highly trained pilots and these facilities can be placed at the disposal of local authorities to track the situation of law and order related to national security during such pandemic situations.

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Key benefits of the report:

This study presents the analytical depiction of the global electronically scanned arrays 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 a detailed analysis of the global market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.

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Questions answered in the electronically scanned arrays market research report:

What are the leading market players active in the electronically scanned arrays market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?

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

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Commercial Helicopter Market Analysis, Growth Opportunities, Future Demand And Leading Players Updates By Forecast To 2029

Helicopters are aircraft with one or more power-driven horizontal propellers or rotors that make it possible to take off and land vertically. These aircraft can rise vertically and travel in any direction. Helicopters can also stay in the air and many other complex maneuvers which currently cannot be carried out with other available aircraft. Also, there is currently a large range of helicopter models on the market. Furthermore, it ranges from small, private two-person helicopters to larger, passenger-carrying helicopters. Also, in order to carry heavy loads to remote locations, larger helicopters are generally used.

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Key Market Players

Airbus SE
Textron
Enstrom Helicopter Corp.
Leonardo SpA
MD Helicopters
Robinson Helicopter Company
Russian Helicopters
Lockheed Martin Corporation
Kaman Corporation
AVIC

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COVID-19 Scenario Analysis:

Automotive is one of the most vulnerable verticals to the continuing outbreak of COVID-19 and currently faces unparalleled uncertainty. The supply chain and product demand in the automotive sector are likely to have a significant impact.
The problems of the sector have grown from China’s supply chain disruption to the global downturn in demand for automotive goods. With the closure of all non-important facilities the market for commercial vehicles is projected to drop.
Companies are experiencing production disruption and liquidity crisis due to declining demand in commercial aviation as staff go home, travelers stop flying and consumers delay the delivery of new aircraft.
When the current market overcomes the effect of pandemic and aircraft orders are increased, the market will rise again.

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Key benefits of the report:

This study presents the analytical depiction of the global commercial helicopter 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 a detailed analysis of the global market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.

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Questions answered in the commercial helicopter market research report:

What are the leading market players active in the commercial helicoptermarket?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?

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Functional Water Market 2021 Top Growing Companies Analysis and Segmentation Outlook till 2030

According to the report, the global functional water market was estimated at $5.22 billion in 2020 and is expected to hit $10.95 billion by 2030, registering a CAGR of 7.8% 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.

Consumer inclination toward proper nutritional intake based water and increase in obese and diabetic populations across the globe drive the growth of the global functional water market. On the other hand, availability of numerous health drink alternatives restrains the growth to some extent. However, surge in adoption in developing and developed economies and eco-friendly packaging of functional water are expected to create lucrative opportunities in the industry.

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COVID-19 scenario-

The outbreak of the pandemic has had a mixed impact on the global functional market. When disruptions in the supply chain affected the market, rise in adoption of functional water in the post-pandemic scenario has created new opportunities in the industry.
The market players are also adopting new strategies to cope up with the current scenario.

The global functional water market is analyzed across product, type, packaging, distribution channel, and region. Based on product, the flavored functional water segment accounted for the major share in 2020, holding more than half of the global market. The same segment would also exhibit the fastest CAGR of 8.8% throughout the forecast period.

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Based on type, the vitamin segment generated the highest share in 2020, accounting for more than half of the global market. The protein segment, however, is projected to manifest the fastest CAGR of 11.9% from 2021 to 2030.

Based on region, the market across North America held the lion’s share in 2020, garnering nearly two-fifths of the global market. The Asia-Pacific region, however, is expected to cite the fastest CAGR of 10.1% by the end of 2030. The other provinces studied in the report include Europe and LAMEA.

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The key market players analyzed in the global functional water market report include Coca Cola, Dr Pepper Snapple, Nestle, Group Danone, Hind, Sunny Delight Beverages, Kraft Foods., Tata Global Beverages, Sunsweet Growers Inc., Bridgepoint Group plc., PepsiCo, Suntory Holdings Ltd., Trimino Brands, Disruptive Beverages Inc. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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.

Aerospace Parts Manufacturing Market Size, Growth, Report Study, Demand, Key Players, and Forecast by 2029

Aerospace parts such as aero engines, turbines, jets, and engine propulsion systems& others need to be manufactured constantly as and when the need arises. Tier-1 suppliers are under heavy pressure by original equipment manufacturers for the supply of these components.Most aircraft manufacturers are integrated throughout the value chain and are highly active in the production of parts. These companies have internal manufacturing facilities and contracts with suppliers for the procurement of these parts. The manufacturers also contribute to the purchasing of raw materials and the design and quality control of the components offered by third parties.

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Key Market Players

JAMCO Corporation
Intrex Aerospace
Rolls Royce PLC
CAMAR Aircraft Parts Company
Safran Group
Woodward
Engineered Propulsion System
Eaton Corporation plc
Aero Engineering & Manufacturing Co.
GE Aviation.

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COVID – 19 Scenario Analysis:

Supply chains disrupted due to the lack of raw materials and components are likely to seriously impact the industry by suspension of fabrication in-plant locations.
Besides, the industry has pending deliveries of aircraft which are scheduled to be released after the COVID influence stabilizes.
The industry has gone from concentrating on undermining China’s supply chain to the general downturn in demand for car goods. With the shutdown of all non-essential services, demand for commodities should collapse.
Besides, shifts in customer buying efficiency due to pandemic uncertainty may have significant consequences on market development in the immediate future.
Demand for maintenance, repair & overhaul (MRO) services is largely focused on the size of the global fleet and its flight operation, though with a range of dynamic transitory variables. The need for all related air hour/flying period maintenance drops as soon as aircraft are grounded.
Various aircraft OEMs and suppliers of components are anticipated to change their business models because of the persistent COVID-19 disease pandemic due to the landing of various aircraft and growing travel restrictions.

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Key benefits of the report:

This study presents the analytical depiction of the global Aerospace parts manufacturing 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 a detailed analysis of the global Aerospace parts manufacturing Market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Aerospace parts manufacturing market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides detailed global Aerospace parts manufacturing market analysis based on competitive intensity and how the competition will take shape in the coming years.

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Questions answered in the aerospace parts manufacturingmarket research report:

What are the leading market players active in the aerospace parts manufacturingmarket?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?

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Football Market to Reach $3,712.7 Million, Globally and by 2027 at 18.3% CAGR, Says Allied Market Research

According to a new report, “Football Market by Product Type, Manufacturing Process, and Distribution Channel: Global Opportunity Analysis and Industry Forecast 2021–2027”. The global football market size was valued at $1,883.6 million in 2019. Furthermore, according to the global football market forecast, it is projected to reach $3,712.7 million by 2027, registering a CAGR of 18.3% from 2021 to 2027.

Europe was the highest contributor to the market and is estimated to grow at a CAGR of 17.7% during the forecast period.

Rise in participation of women and kids is adding in growth of the global football market share. Rise in participation is attributed to increase in football clubs and associations. These clubs organize football leagues at national or international levels. Furthermore, promotion of football leagues lead to popularity of the sport. This popularity drives women and kids to participate in the football game. Moreover, celebrity endorsement and aggressive advertisement also promote participation in football. Thus, football clubs and association play a vital role in the global football market trends.

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According to the global football market, on the basis of type, the training ball segment was the highest contributor to the market. It was valued at $981.0 million in 2019, and is projected to reach $1,806.5 million by 2027, registering a CAGR of 18.9% from 2021 to 2027. The growth is attributed to increase in popularity of the sport.

On the basis of manufacturing process, the hand stitched segment was the highest contributor to the market. According to the football market analysis, hand stitched segment is estimated to reach $2,104.1 million by 2027, at a CAGR of 18.5%. The growth is attributed to the fact that hand stitched footballs are durable and are high in quality.

On the basis of distribution channel, the offline segment was the highest contributor to the market, with $1,693.1 million in 2019. It is estimated to reach $2,876.8 million by 2027, at a CAGR of 17.7%. The offline segment provides products instantly to customers. Furthermore, in offline stores physical examination of products can be done. Through this choosing right product becomes easy, which in turn propels the segment growth.

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Region-wise, Europe has gained considerable traction in the football market, and is expected to grow at the highest CAGR of $17.7 during the forecast period. Sponsors fund advertisements and leagues. This sponsorship promotes both, sponsor company and football events within this region. Major sponsor brands in football leagues such as FIFA and UEFA Champions League are Adidas AG, Qatar Airways, and Coca-Cola.

Key players in the industry have relied on strategies such as product launch and business expansion to expand their stance in the global market to stay relevant to maintain the global football market trend.

The key players in the global football industry profiled in the report are:

• Adidas AG
• Baden Sports
• Decathlon Sports Pvt. Ltd.
• Franklin Sports Inc.
• Mitre International
• Nike Inc.
• Puma SE
• Select Sports A/S
• UMBRO
• Wilson Sporting Goods.

Key Benefits For Stakeholders:

• The report provides a quantitative analysis of the current global football market trends, estimations, and dynamics of the global market from 2021 to 2027 to identify the prevailing opportunities.
• Porter’s five forces analysis highlights 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 market trends and segmentation assists to determine the prevailing global football market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the market.
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.

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About Allied Market Research:

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

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David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
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Vietnam Private Security Market is expected to grow at a CAGR of 7.9% from 2020 to 2027 to reach the market size of $1,294.0 million in 2027

quote The risk of crime and criminal activities in Vietnam has been a cause of concern in the country for a long time. Violent crimes against foreigners have often been reported in the developed cities such as Hanoi and Ho ChiMinh City, along with minor crimes such as thefts. Rise in crime and threat of terrorism in the country has encouraged the population, especially the high net worth individuals in the country to invest in personal security” quote

According to a new report published by Allied Market Research, titled, “Vietnam private security Market by Service Type, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,”The Vietnam private security market size was valued at $713.5 million in 2019 and is expected to grow at a CAGR of 7.9% from 2020 to 2027 to reach the market size of $1,294.0 million in 2027. The watch service was the largest segment in 2019 and is expected to grow at a CAGR of 6.9% to reach $545.4 million in 2027.

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Private security can be defined as an outsourced protection or security service that can be both armed as well as unarmed. The private security service in Vietnam has been growing at a substantial rate and over the years the number of individuals working in this sector has increased tremendously. The private security is also one of the key employment areas for a number of skilled and unskilled population in the country

The private security industry in Vietnam is driven by rapid urbanization, growing risk of crime and terrorism together with the notion insufficient security. However, increased cost of manned guarding and the growing affinity of personal CCTV cameras are the major restraints for the market. On the contrary, improving economic environment, increase in the inbound travel in Vietnam, and rise in concern for personal safety among tourists have also fueled the demand for private security.

The Vietnam private security market is segmented based on service type and end-user. Based on service type, the market is segmented into event management security service, watch service, personal protection, mobile patrol security service, pre-employment screening and other services. Based on the end-user, the market is classified into commercial, institutional, residential, and government.

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According to the Vietnam private security market analysis by service type, thewatch service segment was the most prominent category in 2019 and is expected to remain dominant during the forecast period. The mobile patrol security servicesegment is expected to grow at a notable CAGR of 9.1% through the forecast period.

According to the Vietnam private security market forecast based on end-user, the commercial segmentwas the highest contributor to the Vietnam private security market in 2019 and is expected to remain dominant through 2020-2027. However, the institutional segment is expected to grow at a higher growth rate through the forecast period.

Key findings of the study

The Vietnam private security market was valued at $713.5million in 2020 and is estimated to reach $1,294.0 million by 2027, growing at a CAGR of 7.9% through the forecast period.
Based on service type, the mobile patrol security service segment would witness the fastest growth, registering a CAGR of 9.1% during the forecast period.
In 2019, based on service type, the watchservice segment held the highest share, accounting for nearly half of the Vietnam market.
In 2019, based on the end-user, the institutional segmentwas the most prominent segment and is expected to grow at a significant CAGR throughout the forecast period.
Commercial segment was the dominant segment in 2019, accounting for a considerable share in the Vietnam private security market

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The key players profiled in the report includes ISS A/S, Securitas, Vietnam Manpower, PMVSecurity, T-Force Security, Secom, Vietnam Day and Night Security Services Co., Ltd., The Brink’s Co., Global Guardian, and Night & Day Security Services Co. Ltd.

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Savory Ingredients Market Rapidly Changing dynamics of Industry and Future Strategies 2027

According to the report, the global “Savory Ingredients Market generated $7.20 billion in 2019, and is expected to reach $11.28 billion in 2027, witnessing a CAGR of 7.7% from 2020 to 2027. The report offers detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, competitive scenario, and regional landscape.

Rise in consumer demand for clean-labeled products and shift in consumer preferences toward ready-to-eat food products drive the growth of the global savory ingredients market. However, demand for zero synthetic ingredients food products and side effects related to artificial flavors restrain the market growth. On the other hand, product innovations from manufacturers and expansion of the food & beverage industry present new opportunities in the coming years.

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Covid-19 Scenario

Manufacturing activities have been halted due to lockdown restrictions. However, these activities have been resumed as restrictions were lifted off, workforce returned to factories, and the supply chain was restored.
The demand for savory ingredients has been reduced significantly due to disrupted distribution activities, closure of hotels, restaurants, and cafes due to lockdown. Moreover, online channels have restricted the delivery of goods.
The demand would grow gradually as governments lifted off restrictions of lockdown and restaurants and food chains began their operations along with online retailers beginning their delivery services.

Based on source, the natural segment contributed to the highest share in 2019, holding more than half of the total share of the global savory ingredients market, and will continue its dominant share during the forecast period. In addition, this segment is expected to witness the highest CAGR of 8.8% from 2020 to 2027. This is attributed to surge in demand for clean label ingredients along with surge in health consciousness among consumers. The report also analyzes the synthetic segment.

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Based on application, the snacks segment held the highest share in terms of revenue in 2019, accounting for more than two-fifths of the global savory ingredients market, and is projected to maintain its leadership status during the forecast period. This is due to increase in consciousness about health and well-being with changing lifestyle of consumers and preference for clean-label ingredients over branded products. However, the ready meals segment is estimated to witness the fastest CAGR of 9.7% from 2020 to 2027, owing to hectic work schedule and convenience offered by these meals.

Based on region, Asia-Pacific, followed by North America, contributed to the highest share in 2019, accounting for nearly two-fifths of the global savory ingredients market, and will maintain its dominance during the forecast period. This is due to surge in investments by several small and mid-sized food manufacturing companies in developing countries and surge in number of fast-food chains/trucks to serve the huge population base. However, Europe is projected to portray the highest CAGR of 9.3% from 2020 to 2027. This is attributed to shift in consumer preference toward organic savory ingredients and limited intake of synthetic compounds in the diet.

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Leading players of the global savory ingredients market market analyzed in the research include Archer Daniels Midland, Kerry Group PLC, Tate & Lyle, Sensient Technologies Corporation, AngelYeast Co., Ltd., AngelYeast Co., Ltd

Protein Ingredients Market: Global Opportunity Analysis and Industry Forecast 2021–2027

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