A Market Place Research – Page 210

The Impact of COVID-19 on the Mitral Valve Disease Market: Present and Future Implications

Introduction

The mitral valve disease market size was valued at $2.5 billion in 2021, and is estimated to reach $5.7 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031.

CAGR: 8.8%
• Current Market Size: USD 5.7 Billion
• Forecast Growing Region: APAC
• Largest Market: North America
• Projection Time: 2021- 2031
• Base Year: 2021

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The outbreak of the COVID-19 pandemic in late 2019 brought about unprecedented challenges to healthcare systems worldwide. While the virus primarily affected the respiratory system, its impact extended beyond that domain, disrupting medical care for various chronic conditions, including cardiovascular diseases. This article delves into the intricate ways in which the COVID-19 pandemic has influenced the landscape of the Mitral Valve Disease (MVD) market, exploring both current implications and potential future trends.

Current Implications

Delayed Diagnoses and Treatments: With hospitals overwhelmed by the influx of COVID-19 patients, routine medical care took a backseat. Patients with mitral valve disease experienced delays in diagnosis and treatment, leading to worsened health outcomes. Elective surgeries, including valve repair or replacement procedures, were postponed or canceled, causing a backlog in patient care.
Telemedicine Adoption: To mitigate the risk of virus transmission, healthcare providers swiftly adopted telemedicine solutions. While this allowed for remote consultations and monitoring, it posed challenges in assessing heart murmurs and conducting comprehensive physical examinations critical for MVD diagnosis.
Supply Chain Disruptions: The MVD market heavily relies on medical device manufacturing and supply chains. Lockdowns and travel restrictions disrupted the production and distribution of devices like prosthetic valves, annuloplasty rings, and surgical instruments, affecting patient access to necessary treatments.
Clinical Trials and Research: Many clinical trials focusing on novel MVD treatments faced delays or were temporarily halted due to safety concerns and resource reallocation toward COVID-19 research. This setback slowed down the development and introduction of innovative therapies.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (257 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @ https://www.alliedmarketresearch.com/mitral-valve-disease-market/purchase-options

Future Implications

Increased Focus on Telehealth Solutions: The pandemic prompted a significant shift toward telehealth. In the future, a hybrid approach combining in-person visits with telemedicine consultations could become the norm. This model could enhance patient accessibility to specialists while maintaining quality care.
Accelerated Technological Innovation: The disruption caused by COVID-19 highlighted the need for remote monitoring and minimally invasive treatment options for MVD patients. This demand could expedite the development of wearable devices for continuous monitoring and further refinement of robotic-assisted surgical procedures.
Resilient Supply Chains: The pandemic underscored the vulnerability of global supply chains. In response, the medical device industry might prioritize regional production centers and implement contingency plans to ensure a consistent supply of MVD-related equipment.
Emphasis on Patient Education: The pandemic exposed the importance of patient education regarding the risks of delaying necessary medical care. Healthcare providers might focus on educating patients about the significance of timely diagnosis and treatment to prevent avoidable complications.

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Conclusion

The COVID-19 pandemic reshaped the landscape of the Mitral Valve Disease market, causing disruptions in patient care, delaying diagnoses, and impacting the supply chain for medical devices. However, the challenges also triggered innovative solutions and a reimagining of healthcare delivery. As the world moves beyond the immediate crisis, the lessons learned will likely drive advancements in telemedicine, technology, and patient-centric care, ultimately leading to a more resilient and adaptable MVD market.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲-

Skin Antiseptic Market https://www.alliedmarketresearch.com/skin-antiseptic-market-A12682

Central Nervous Disorders Therapeutics Market https://www.alliedmarketresearch.com/central-nervous-disorders-therapeutics-market-A13121

Immuno-oncology Assay Market https://www.alliedmarketresearch.com/immuno-oncology-assay-market-A06079

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Electric Steering System Market – An Emerging Hint of Opportunity

Electric Power Steering (EPS) uses an electric motor to assist the driver of the vehicle. Electric steering is increasingly replacing hydraulic steering in the automotive industry. Electric steering mechanism is a combination of various linkages that are intended to turn the vehicle in a minimum radius without overturning it. It uses an electric motor and provides increased steering capabilities with less effort required by the driver. It doesn’t have hose, fluid, drive belt, pulley, and pump, thereby making the driving experience smooth and relaxing. EPS improves fuel efficiency & driving experience, assists to reduce power, and provides precision turning. Furthermore, increase in demand for safety and luxury is expected to drive the electric steering market growth over the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-toc-and-sample/8807

COVID-19 scenario analysis:

Gaining the same flow of goods in the market is certainly a major challenge now due to slow restarting of plant operations. In addition, suppliers may have to wait for a long time to revive the demand.
Due to nationwide lockdown, companies have faced consequent delays in delivery that might impact the market at multiple levels from postponed new car model launches, shattered supply chains, financially drained SMEs, and dampened vehicle sales.
The impact of the coronavirus has affected the sales of automobiles in every country, which is expected to impact the electric transporters market as well.
The coronavirus outbreak has heavily impacted the manufacturing industry’s Original Equipment Manufacturer (OEM) while parts suppliers have yet to return to full production capacity.
The disrupted supply chain is expected to impact the profitability of every industry involved in manufacturing. Some economies may even enter into recession period due to this impact.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Increase in vehicle production and regulatory push toward efficient technologies are expected to spur the demand for electric steering system over the forecast period. Moreover, higher cost of EPS compared to traditional steering systems and lack of traditional steering feel is anticipated to hamper the growth of the market. Furthermore, penetration in commercial vehicles and enabling ADAS features in vehicles are expected to offer lucrative opportunities for the market over the forecast period.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/electric-steering-system-market/purchase-options

Increase in vehicle production

Rise in population and increase in urbanization have created a huge demand for automobiles across the globe, resulting in huge vehicle production. Increase in production of passenger cars and commercial vehicles in developing and developed countries, owing to the growth of the transportation sector, is expected to augment the growth of the market. In addition, adopting efficient ways to attract more customers is projected to boost the electric steering system market over the forecast period.

Regulatory push toward efficient technologies

The competitive level of manufacturing companies has increased rapidly in the past decade, which has enforced automakers to adopt new technology advancements and innovations. Huge investments are made by manufacturers to innovate advanced technologies to become more competitive in the market or sustain their position in the market. Therefore, increase in advancement in the automobile industry fuels the growth of the electric steering system market and is expected drive further over the forecast period.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/8807

Key benefits of the report:

This study presents the analytical depiction of the electric steering system market along with 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 electric steering system market share.
The current market is quantitatively analyzed to highlight the electric steering system market scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the electric steering system market research report:

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

Electric Steering System Market Report Highlights

Aspects	Details
By Components	Steering Wheel Steering Column Sensors Steering Gear Mechanical Rack and Pinion Electronic Control Unit Electric Motor Bearing
By Electric Motor	Brush Motor Brushless Motor
By Application	Passenger Cars (PC) Commercial Vehicles (CV)
By Type	Rack Assist Type (REPS) Colum Assist Type (CEPS) Pinion Assist Type (PEPS)
By Mechanism	Rigid Collapsible
By Region	North America (US, Canada) Europe (Germany, UK, France, rest of Europe) Asia-Pacific (China, Japan, India, rest of Asia-Pacific) Latin America (Brazil, Mexico, rest of LATAM) the Middle East Africa
Key Market Players	ZF TRW Automotive Holdings Corp., Robert Bosch Automotive Steering GmbH, China Automotive Systems Inc., ThyssenKrupp Ag, Electric Steering JTEKT Corporation, Nexteer Automotive Group Limited, Hyundai Mobis Co., Ltd., Mando Corporation, Showa Corporation, NSK Ltd.

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

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

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5G Security Market Segment Growth, Opportunity Assessment, Top 10 Key Players and Forecast 2031

According to the report, the global 5G Security industry generated $1.3 billion in 2021, and is projected to reach $37.8 billion by 2031, growing at a CAGR of 40.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

The global 5G security market is experiencing growth due to increasing digitalization and internet usage worldwide. The adoption of 5G technology in enterprises is also contributing to this growth by improving productivity and operations. Additionally, there are promising growth opportunities in the market with the increasing adoption of IoT, AI, big data, and cloud technology. However, the market’s progress is hindered by security concerns and the high initial investment costs required.

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Covid-19 scenario

The 5G security market has experienced significant growth over the past few years, and this trend continued even during the outbreak of the COVID-19 pandemic. The pandemic led to an increase in remote work, resulting in higher usage of cloud infrastructure and remote workspace applications, giving way to a surge in internet traffic.
As a result, businesses and tech service providers were increasingly adopting 5G security solutions to ensure secure connectivity.

By organization size, the large enterprises segment held the major share in 2031, holding more than two-thirds of the global 5G Security market revenue. Surge in adoption of 5G security solutions in large businesses open numerous opportunities for the growth of the segment. The small and medium-sized enterprises segment, simultaneously, would display the fastest CAGR of 43.2% from 2022 to 2031. Factors such as surge in digitalization and increase government initiatives through various digital SME campaigns throughout the world drive the growth of the segment.

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By component, the solution segment held the largest share in 2021, garnering more than two-thirds of the global 5G Security market revenue, and is projected to maintain its dominance by 2031. This is due to the ability of 5G security to transform industries globally, such as BFSI, manufacturing, and healthcare. The services segment, on the other hand, would showcase the fastest CAGR of 44.2% during the forecast period. This is because 5G security services reduce the time and costs associated with optimizing systems in the initial phase of deployment.

By deployment mode, the on-premises segment contributed to more than three-fifths of the global 5G Security market share in 2021 and is projected to rule the roost by 2031. This is attributed to the numerous advantages offered by on-premise deployments such as a high level of data security and safety. The cloud segment, on the other hand, would display the fastest CAGR of 41.6% throughout the forecast period. This is due to the rise in the adoption of cloud-based 5G security solutions.

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By region, North America garnered the highest share in 2021, holding nearly two-fifth of the global 5G security market revenue in 2021, and is projected to retain its dominance by 2031. Increasing investment in advanced technologies such as artificial intelligence, machine learning, IoT, big data, and cloud computing to improve businesses drive the growth of the market across North America. The Asia-Pacific region, at the same time, would portray the fastest CAGR of 44.3% during the forecast period. This is due to an increase in penetration of digitalization and higher adoption of connected technology across the province.

Leading Market Players

AT&T Inc.
Huawei Technologies Co. Ltd.
IBM Corporation
Intel Corporation
Juniper Networks Inc.
Nokia Corporation
Palo Alto Networks
Qualcomm Incorporated
Telefonaktiebolaget LM Ericsson
Trend Micro Inc.

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The report analyzes these key players in the global 5G Security market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.

Cyber Security in Energy Market to Garner USD 21.8 Billion by 2031 | Emerging Technological Growth, Future Growth and Business Opportunities.

The global cyber security in energy market forecast is influenced by a number of factors such as increase in malware & phishing threats among energy & utility providers, high adoption of cyber security among energy providing organizations, and strong inclination toward cloud-based solutions. Furthermore, constant need to conform to industry standards & regulations in the device security is expected to affect the market growth. Furthermore, surge in adoption of cyber security solutions by organizations aligned to strategic business activities to minimize the damage of IT resources is the major factor expected to provide opportunities for the market growth. Thus, each of these factors is anticipated to have a definite impact on the growth of the global cyber security in energy market during the forecast period.

According to a new report published by Allied Market Research, titled, “Cyber Security In Energy Market,” The cyber security in energy market was valued at $8.6 billion in 2022, and is estimated to reach $21.8 billion by 2031, growing at a CAGR of 11.3% from 2023 to 2031.

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Moreover, as the risk of cyber threats has increased at an alarming rate, security solutions have increasingly progressed. Solutions, such as antivirus software & firewalls, have grown in complexity and have proven to be effective at preventing threats and attacks, such as malware, Trojans, and phishing. The success of these solutions has led to the rapid development of the cyber security in energy industry, as implementing technical defenses has become a standard best practice in every industry vertical.

By enterprise size, the large enterprises segment acquired the major cyber security in energy market size in 2021. This is attributed to the fact that large enterprises in energy & utility sector focused on implementing effective security solutions such as user access management, identity & access management, and security incident management due to increase in instances of cyberattacks in recent years.

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By region, the North America dominated the cyber security in energy market share in 2021. This is attributed to the increase in cloud-enabled activities and growth in cloud marketplace trends such as adoption of multi & hybrid cloud environment and private cloud repatriation in North American energy & utility sector.

Based on end user, the industrial segment accounted for the largest share in 2021, contributing to nearly half of the global cyber security in energy market. The need to implement cost-effective cybersecurity solutions drives the adoption of cybersecurity in the industrial sector. However, the residential segment is expected to portray the largest CAGR of 14.2% from 2022 to 2031. The need to provide network security for residential homes and home offices, the adoption of cyber security in the residential sector is increasing.

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Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for more than one-third of the global cyber security in energy market. The major factors that contributes toward the growth of cybersecurity in North America are increase in usage of mobile & web in energy sector. In addition, increase in dependency on internet and digital platforms is another major factor fueling the market growth in this region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 15.1% from 2022 to 2031, and is likely to dominate the market during the forecast period. The major factor contributing toward the adoption of cybersecurity solutions in Asia-Pacific is increase in usage of mobile data for various applications such as mobile banking and social media.

Leading Market Players

General Electric

Ansaldo Energia
Vestas
Elliot Ebara
IBM Corporation
Baker Hughes

Mitsubishi Power
Hitachi Energy Ltd.
Accenture
Nordex SE

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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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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Gesture Recognition Market to Garner USD 88.2 Billion by 2031 | To See Incredible Growth During the Forecast Period 2021–2031

The research provides detailed segmentation of the global gesture recognition market based on technology, industry vertical, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

According to the report published by Allied Market Research, the global gesture recognition market garnered $13.9 billion in 2021, and is estimated to generate $88.2 billion by 2031, manifesting a CAGR of 20.6% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

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The report segments the corporate M-learning market on the basis of software, application, user type, and geography. As per software the market is segmented into E-books, portable LMS, interactive assessment, mobile content authoring, M-enablement, and others. Based on application, it is studied across simulation-based learning, corporate training, and on-the-job training. On the basis of user type, the market is segmented into large organization and small & mid-size organization. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Covid-19 Scenario:

➢ The outbreak of the COVID-19 pandemic had a positive impact on the growth of the global gesture recognition market, owing to an increase in the need for contactless interfaces, which remains even after the pandemic situation.

➢ Furthermore, contactless interfaces have always been a common choice for public places and high-traffic locations as they reduce the likelihood of transferring infectious diseases

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Based on technology, the Touch-based Gesture Recognition segment held the highest share in 2021, accounting for more than half of the global gesture recognition market. However, the Touchless Gesture Recognition segment is expected to register the highest CAGR of 21.5% from 2022 to 2031, and is expected to continue its leadership status during the forecast period.

Based on industry vertical, the consumer electronics segment accounted for the highest share in 2021, contributing to nearly one-third of the global gesture recognition market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the aerospace and defense segment is expected to manifest the highest CAGR of 24.8% from 2022 to 2031.

Based on region, North America held the largest share in 2021, contributing to nearly two-fifths of the global gesture recognition market share, and is projected to maintain its dominant share in terms of revenue in 2031. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 23.1% during the forecast period.

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Leading Market Players:

Leading market players of the global gesture recognition market analyzed in the research include Apple Inc., Google LLC (Alphabet), Hitachi Ltd., IBM Corporation, Qualcomm Technologies, Inc. , Orbbec, Intel Corporation, GestureTek Technologies, Microchip Technology Incorporated, Infineon Technologies AG, Microsoft Corporation, LTU technologies, Amazon.com, Inc., Cipia Vision Ltd. (Formerly known as Eye Sight Technologies Ltd.)

These players have adored various strategies to increase their market penetration and strengthen their position in the industry. Current and future Gesture Recognition Market trends are outlined to determine the overall attractiveness of the 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.

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Electronic Data Management Market to Garner USD 19.3 Billion by 2031 | Recorded Hyper Growth in the Future

The growth of the electronic data management market is driven by factors such as the increased adoption of data management applications in numerous banking, retail, healthcare, and other organizations, the rise in the adoption of cloud computing; the penetration of SaaS-based big data solutions; the growing bring your own device (BYOD) trend; and technological advancements like cloud computing, AI, and machine learning.

On the other hand, smaller organizations may not have the resources to hire dedicated IT staff or invest in training for existing staff, which is a factor that limits their ability to adopt EDM solutions. The high initial implementation costs associated with cloud based EDM solutions can hinder market growth. On the contrary, the demand for paperless documents at workplaces and the growing popularity of mobile data access and real-time collaboration through EDM solutions are expected to create lucrative opportunities in the industry during the forecast period.

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According to the report, the global electronic data management industry generated $6.4 billion in 2021 and is anticipated to generate $19.3 billion by 2031, witnessing a CAGR of 12.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Covid-19 Scenario-

➢ The COVID-19 pandemic had a positive impact on the electronic data management market as businesses had to rapidly adapt to new ways of working and remote data management.

➢ The most significant impact of the COVID-19 pandemic was the shift to remote work and virtual collaboration, which increased the demand for cloud-based data management systems. Businesses’ desire to store and share data safely across remote teams and locations led to the increase in the demand for cloud storage and collaboration tools.

➢ EDM systems also assisted the Indian government and other governmental bodies in locating, isolating, and testing many coronavirus-infected people in close quarters. These elements had encouraged the global market to grow despite the unprecedented crisis.

➢ Due to businesses’ needs for managing sensitive data across a variety of remote devices and networks, the pandemic also highlighted the importance of data privacy and security. Reducing the risks of data breaches and other cyberthreats also led to an increase in investments in cybersecurity and data protection solutions.

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By deployment, the on-premises segment contributed to more than half of the global electronic data management market share in 2021, and is projected to rule the roost by 2031. This is due to the implementation of data management solutions within a company’s internal infrastructure, where data is locally stored and managed on company-owned servers and hardware. However, the cloud segment would display the fastest CAGR of 12.5% throughout the forecast period. This is owing to the scalability, flexibility, and affordability of cloud-based solutions, which have been widely adopted in recent years for managing electronic data.

By organization size, the large enterprises segment held the highest market share in 2021, accounting for nearly three-fifths of the global electronic data management market revenue and is estimated to maintain its leadership status throughout the forecast period. The same segment would also cite the fastest CAGR of 12.5% during the forecast period. This is largely attributed to the growing adoption of digital transformation initiatives and the rising volume of electronic data produced by large enterprises.

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By region, North America held the major share in 2021, contributing to more than two-fifths of the global electronic data management market revenue and is expected to dominate by 2031. This is due to the increasing demand for greater operational efficiency in big enterprises and SMEs, as well as the growing popularity of cloud computing. North America has the top technological firms in the world that are driving innovation in the EDM market. On the other hand, the Asia-Pacific region would showcase the fastest CAGR of 13.3% during the forecast period. This is because the region is home to several emerging economies, such as China, India, Japan, and South Korea, which have witnessed significant growth in their IT and telecom, BFSI, healthcare, and manufacturing sectors in recent years.

Leading Market Players:

➢ Oracle Corporation

➢ Kyocera Document Solutions Inc.

➢ Exela Technologies, Inc.

➢ Open Text Corporation

➢ Konica Minolta, Inc.

➢ Xerox Corporation

➢ IBM Corporation

➢ Adobe Inc.

➢ Hyland Software, Inc.

➢ Microsoft Corporation

➢ Xerox Corporation

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Recommendation Engine Market Rise at 32.1% CAGR to 2031 | Oracle Corporation, IBM Corporation, Adobe

According to the report, the global recommendation engine industry generated $2.7 billion in 2021, and is anticipated to generate $43.8 billion by 2031, witnessing a CAGR of 32.1% from 2022 to 2031.

The global recommendation engine market is driven by factors such as rise in adoption of digital technologies, increase in focus enhance customer experience, and increase in use of the deep learning technology in AI recommendation engine solution. However, lack of skills & expertise and concerns over accessing customers’ personal data hamper the recommendation engine market growth. On the contrary, increase in demand to analyze large volume of data is expected to offer remunerative opportunities for expansion of the recommendation engine market during the forecast period.

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COVID-19 scenario-

The COVID-19 pandemic had positively impacted the growth of the recommendation engine market, owing to increase in demand for digitization and the appearance of new e-commerce platforms.
Moreover, with the increase in fear of getting infected, people were compelled to make the shift from physical stores to online shopping. This shift resulted in the growing demand for recommendation engine market.

By type, the collaborative filtering segment accounted for the highest share in 2021, garnering more than two-fifths of the global recommendation engine market revenue and is expected to maintain its lead in terms of revenue during the forecast period, owing to increase in demand for reliable recommendation engines from e-commerce platforms to enhance their customers’ shopping experience by suggesting products based on their tastes and preferences. However, the hybrid recommendation segment would cite the fastest CAGR of 33.8 from 2022 to 2031, owing to surge in usage of hybrid systems to improve the effectiveness of end-user solutions.

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By industry vertical, the retail and consumer goods segment held the major share in 2021, generating more than one-fourth of the global recommendation engine market revenue and is expected to maintain its lead in terms of revenue during the forecast period, as it is used to identify customer behavior patterns in order to improve customer service and marketing strategies. The BFSI segment, on the other hand, would portray the fastest CAGR of 35.3% from 2022 to 2031, owing to increase in technological innovations and the need to secure online consumer data and activities.

By application, the personalized campaigns and customer delivery segment accounted for more than two-fifths of the global recommendation engine market revenue in 2021 and is expected to maintain its lead in terms of revenue during the forecast period. The product planning and proactive asset management segment would also portray the fastest CAGR of 34.6% from 2022 to 2031, as it provides more accurate recommendations to users, which has led to an increase in their adoption this can help a business to identify areas of improvement, develop better strategies and operational plans, and better target customers.

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By region, North America generated nearly two-fifths of the global recommendation engine market revenue in 2021, and is expected to dominate by 2031. The growth of the market across North America is driven by various factors such as the increase in adoption of advanced technologies and increase in government support for emerging technologies in the region. However, Asia-Pacific would showcase the fastest CAGR of 34.6% from 2022 to 2031. The marker growth across Asia-Pacific is driven by increase in penetration of e-commerce, an upsurge in online shopping transactions, and an upsurge in the number of Over the Top (OTT) service providers.

The key players that operate in the recommendation engine industry are Adobe, Amazon Web Services, Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, Salesforce, Inc., and SAP SE. These players have adopted various strategies to increase their market penetration and strengthen their position in the recommendation engine industry.

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The report analyzes these key players in the global recommendation engine market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.

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Commercial Robots Market Expected to Reach $85.2 Billion by 2031—Allied Market Research

Commercial robots are machines that can help replicate or substitute human actions in a variety of applications such as transporting materials within a factory, delivering retail products, medication, and supplies, collecting and transmitting data, inspecting, recording videos, and monitoring ongoing projects, mapping activities, and more. Industrial robots are self-operating and reprogrammable machines. They can programme multifunctional manipulators on three or more axes.

A rise in the popularity of online purchases is anticipated to drive the expansion in the usage of commercial robots in the e-commerce business, while an anticipated labor shortage will expand their application in the industrial sector. Commercial robots are being used by e-commerce companies to increase the effectiveness of their supply chains by placing them in their warehouses and distribution centres. The use of commercial robots is also expanding due to their ability to complete deliveries more quickly. These robots are useful in fields like defense due to their use in communication and surveillance. Continued investment in R&D and spending towards new product launches to capture emerging opportunities are expected to drive the market growth.

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Impact of Covid-19 on the Global Commercial Robots Industry

► Sales of commercial robots are directly proportional to the demand from automotive, construction and manufacturing industry. However, various sectors such as manufacturing, construction, automotive were negatively impacted by the COVID-19 pandemic that has affected the production and demand for commercial robots due to disrupted supply chain.

► COVID-19 impacted almost all industries and the commercial producing companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, and shortage of labor; the fear of contracting the novel coronavirus led to sluggish demand in the market.

► Social distancing norms, closed borders, and production constraints, due to the pandemic, affected the global market.

Commercial robot deployment cost and purchase costs might be incredibly high, which may deter some businesses from investing in this technology. Furthermore, some companies might not be aware of the possible benefits associated with using robots or might lack the knowledge to incorporate robots into their operations. These factors are anticipated to hamper the commercial robots market share in the upcoming years.

The need for higher productivity to support GDP growth will also drive the commercial robots industry. Robots, in most cases, augment human potential, by supporting humans in their activities, increasing overall productivity, and driving economic growth. Another factor likely to drive the commercial robot industry is that there are still plenty of jobs that might pose a risk to humans, many of which can already be done by robots. Experts say that robots will take over the dull, the dirty, and dangerous jobs for humans. These factors are anticipated to boost the market growth in the upcoming years.

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Key Findings of the Study

► Based on type, the autonomous guided robotics sub-segment emerged as the global leader in 2021 and drone sub-segment is anticipated to be the fastest growing sub-segment during the commercial robots market forecast period.

► Based on application, the medical and healthcare sub-segment emerged as the global leader in 2021 and defense & security sub-segment is predicted to show the fastest growth in the upcoming years.

► Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.

The global commercial robots market share is segmented based on type, application, and region. By type, it is classified into field robots, medical robots, autonomous guided, robotics, drones, and others. By application, it is classified into medical & healthcare, defense & security, agriculture & forestry, marine, and other. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The report offers a comprehensive analysis of the global commercial robots market analysis trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Key Market Players:

► Accuray Inc.

► Kuka AG

► yaskawa electric corporation

► AeroVironment Inc.

► Northrop Grumman Corp.

► Omron Adept Technologies Inc.

► 3D Robotics Inc.

► Honda Motor Company Limited

► iRobot Corporation

► Alphabet Inc.

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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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Residential Boiler Market: The Complete Beginner’s Guide by 2031

A residential boiler is a heating appliance used to provide heat and hot water to residential buildings, such as houses and apartments. It is a central heating system that heats water or another fluid and distributes the heat throughout the building to maintain a comfortable indoor temperature. Boilers can operate on various types of fuel, including natural gas, oil, electricity, and even renewable sources like biomass.

The residential boiler market size is estimated to reach $12.5 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.

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Residential boilers offer efficient and effective heating solutions for homes, providing comfortable indoor temperatures and hot water for various domestic needs. The choice of boiler type and fuel source depends on factors such as energy costs, availability of fuel, local regulations, and environmental considerations. Proper installation, regular maintenance, and safe operation are essential to maximize the lifespan and performance of a residential boiler.

The key players operating and profiled in the report include Ariston Thermo SpA, Bradford White Corporation, Burnham Holdings, Inc., Ferroli S.P.A., Lennox International, Noritz Corporation, Robert Bosch GmbH, Slant/Fin Corporation, SPX Corporation, and Viessmann Manufacturing Company, Inc. Other players operating in the value chain of the global residential boiler market are AC Boilers SpA, Saudi Boiler, Parker Boiler, A.O. Smith, and others.

A rise in demand for space and water heating systems and stringent government regulations toward carbon emissions are the key factors driving the growth of the residential boiler market during the forecast period.

Technological advancement toward improving energy efficiency of residential boilers is projected to create opportunity for key players to maintain pace in the market in the coming years.

The Asia-Pacific region is expected to grow at the fastest rate, registering a CAGR of 5.7% over the forecast period.

Increase in demand for residential boilers from residential applications, including homes, farmhouses, holiday homes, apartments, and others to keep homes warm and heat water is anticipated to drive the growth of the global residential boiler market.

The rapidly growing construction industry in developing economies, such as China, India, Africa, and others, is expected to propel the growth of the residential boiler market.

Rapid growth of the renewable energy industry along with emerging renewable alternatives, such as solar, for heating systems is projected to restrain the growth of the residential boiler market in the coming years.

In 2021, the fire tube boiler segment accounted for majority of the share of the global residential boiler market and is expected to maintain its lead during the forecast period.

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In 2021, the condensing technology segment accounted for about 87.25% of the share in the global residential boiler market and is expected to maintain its dominance till the end of the forecast period.

The gas fired segment accounted for 71.3% market share in 2021 and is anticipated to grow at a rate of 5.4% in terms of revenue, increasing its share in the global residential boiler market.

Condensing technology is the fastest-growing technology segment in the Asia-Pacific residential boiler market.

Residential boiler is a heat generating device, which uses heat produced from combustion of fuel sources such as coal, natural gas, oil, and through direct electricity, thereby generating steam for air heating and water heating applications.

The main components of residential boiler include shell, furnace, grate, heating surface, mounting accessories, water & fuel system, and other accessories.

Residential boiler finds its application in residential for air heating, water heating, heat for food processing, and others. Fuels used for residential boilers are in solid, liquid, and gaseous forms.

Impact of COVID-19

The outbreak of COVID-19 has negatively impacted various industries and countries across the globe. Attributed to the lockdown imposed, globally, decrease in the growth rate of industries, such as construction & building, transportation, oil & gas, and energy sectors, has been witnessed.

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This has further declined the need for heating appliances, which, in turn, is expected to hamper the growth of the residential boiler market in the next one year.

About Us

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

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AI Training Dataset Market to reach $9.3 Billion, Globally, by 2031 at 21.6% CAGR: Allied Market Research

The AI training dataset market is growing rapidly, fueled by the rise of machine learning and artificial intelligence, as well as technological advancements that enable the generation of vast amounts of data. Despite this growth, the market is hindered to some extent by a lack of technological expertise in developing regions. However, the expanding use of training datasets across various industries is expected to create profitable opportunities for market growth in the foreseeable future.

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Covid-19 scenario-

► The COVID-19 pandemic s accelerated the adoption of AI-based tool and solutions in various industries, particularly in healthcare.

► As businesses faced operational difficulties due to the crisis, many were turning to digital transformation, leading to significant demand for AI solutions. This trend created a favorable impact on the market for AI training datasets.

► Also, major industry players are focusing on implementing digital technologies to enhance their operations, resulting in a surge in the use of AI.

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By type, the text segment held the major share in 2021, garnering more than two-fifths of the global AI training dataset market revenue, and is expected to rule the roost by 2031. The image/video segment, on the other hand, would showcase the fastest CAGR of 23.3% during the forecast period. This is due to the rising focus of key players to launch new datasets along with a rising number of applications. Moreover, AI training offers datasets of photographs in the public domain for testing.

By end user, the IT and telecom segment accounted for around one-fourth of the global AI training dataset market share in 2021, and is expected to dominate by 2031. The healthcare segment, on the other hand, would display the fastest CAGR of 24.9% throughout the forecast period. This is because AI in healthcare offers various opportunities in therapy areas such as lifestyle and wellness management, diagnostics, virtual assistants, and wearables.

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By region, North America garnered the highest share in 2021, holding around one-third of the global AI training dataset market revenue in 2021, and is projected to retain its dominance by 2031. The Asia-Pacific region, simultaneously, would portray the fastest CAGR of 24.1% during the forecast period, owing to the widespread release of new datasets to speed up the usage of artificial intelligence technology in developing sectors.

Leading Market Players-

► Google LLC

► Amazon Web Services Inc.

► Microsoft Corporation

► SCALE AI INC.

► APPEN LIMITED

► Cogito Tech LLC

► Lionbridge Technologies, Inc.

► Alegion, Deep Vision Data

► Samasource Inc.

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AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

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