A Market Place Research – Page 2393

Styrenics Market Statistics 2021: Technical Signs Points Higher Growth in The Coming Years

Allied Market Research recently published a report titled, “Styrenics Market by Polymer Type (Polystyrene, Styrene Butadiene Rubber, Acrylonitrile Butadiene Styrene, Unsaturated Polyester Resin and Other types) and Application (Automotive, Electrical and Electronics, Building and Construction, Packaging, Consumer Products and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”. According to the report, the recent technological advancements and launch of new products have a significant influence on the growth. The report includes a detailed analysis of the market trends, major driving factors, prime market players, and top investment pockets. It is vital for new market entrants, stakeholders, and shareholders to make informed decisions about their investments. The report includes a comprehensive analysis of market dynamics such as drivers, restraints, and opportunities.

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The report includes an overview of the market along with a SWOT analysis of key market players and Porter’s Five analysis to understand their market presence. Moreover, the report offers financial analysis, portfolio analysis, and business overview of the companies which helps stakeholders understand the long-term profitability of the industry. The report includes the latest market developments such as new product launches, partnerships, expansions, and mergers & acquisitions.

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The Styrenics market study offers detailed research on driers, restraints, challenges, and opportunities in the market. In-depth knowledge about key drivers of the market helps in understanding market dynamics and how they can affect market growth. The restrains and challenges are offered in the report and are instrumental for market investments. Moreover, technological advancements and increased demand are anticipated to create new opportunities in the market. The market is anticipated to significant growth during the forecast period.

The report covers the qualitative and quantitative study of historic and forecast periods along with insights on recent market developments and business strategies. The report offers a detailed summary, ongoing market trends, and future estimations to help new market entrants formulate profitable business strategies.

Apart from this, the report includes several tools that establish market growth. The SWOT analysis offers a detailed understanding of the key determinants of market growth, which is essential for recognizing the upcoming opportunities in the market. Moreover, the market report includes Pestel analysis that offers industry-related data and information in tabular format. This information is essential to understand positive and negative attributes that can affect the global Styrenics market. In addition, the report includes Porter’s Five analysis to focus on those factors that may benefit the company in the long run.

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The global Styrenics market report outlines the upstream raw materials, marketing channels, downstream customer surveys, and industry development trends to provide detailed information about major manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The Styrenics industry is studied on the basis of geography along with the competitive landscape in every region. The report targets 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). These insights aid to devise business strategies and how to react to new lucrative opportunities.

The Styrenics market report provides in-depth information on the segmentation of the market. The report includes a thorough analysis of sales, revenue, growth rate, and market shares of each segment during both the historic period and forecast period. To understand the segmentation, the report offers charts and tables as well.

The Covid-19 pandemic had an unprecedented impact on the growth of the global Styrenics market. The country-wide lockdown in Europe and Asia and ban on international travel have disrupted the supply chain and revenue chain. The report offers a detailed analysis of the Covid-19 pandemic and its effect on the growth of the global Styrenics market.

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The Styrenics market report includes an analysis of the top 10 market players that are active in the market. The study includes sales, revenue analysis, and production of these companies. The prime market players are BASF SE, Bayer Material Science, ENI S.P.A, Ineos Group AG, Royal DSM, Sabic, The Dow Chemical Company, Total SA, Repsol SA, Asahi Kasei Corporation. These market players have adopted several business strategies such as mergers & acquisitions, new product launches, partnerships, and collaborations to maintain their foothold in the market.

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Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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Phthalic Anhydride Market is Anticipated to Develop Altogether at Strong CAGR by 2030

Allied Market Research recently published a report titled, “Phthalic Anhydride Market by Process (O-Xylene Catalytic Oxidation and Naphthalene Catalytic Oxidation), Application (Plasticizers, Alkyd Resins, Unsaturated Polyester Resins, and Others) and End-Use Industry (Paints & Coatings, Automotive, Electrical & Electronics, Building & Construction, Agriculture, Marine, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030”. According to the report, the recent technological advancements and launch of new products have a significant influence on the growth. The report includes a detailed analysis of the market trends, major driving factors, prime market players, and top investment pockets. It is vital for new market entrants, stakeholders, and shareholders to make informed decisions about their investments. The report includes a comprehensive analysis of market dynamics such as drivers, restraints, and opportunities.

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The Phthalic Anhydride market study offers detailed research on driers, restraints, challenges, and opportunities in the market. In-depth knowledge about key drivers of the market helps in understanding market dynamics and how they can affect market growth. The restrains and challenges are offered in the report and are instrumental for market investments. Moreover, technological advancements and increased demand are anticipated to create new opportunities in the market. The market is anticipated to significant growth during the forecast period.

Apart from this, the report includes several tools that establish market growth. The SWOT analysis offers a detailed understanding of the key determinants of market growth, which is essential for recognizing the upcoming opportunities in the market. Moreover, the market report includes Pestel analysis that offers industry-related data and information in tabular format. This information is essential to understand positive and negative attributes that can affect the global Phthalic Anhydride market. In addition, the report includes Porter’s Five analysis to focus on those factors that may benefit the company in the long run.

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The global Phthalic Anhydride market report outlines the upstream raw materials, marketing channels, downstream customer surveys, and industry development trends to provide detailed information about major manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The Phthalic Anhydride industry is studied on the basis of geography along with the competitive landscape in every region. The report targets 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). These insights aid to devise business strategies and how to react to new lucrative opportunities.

The Phthalic Anhydride market report provides in-depth information on the segmentation of the market. The report includes a thorough analysis of sales, revenue, growth rate, and market shares of each segment during both the historic period and forecast period. To understand the segmentation, the report offers charts and tables as well.

The Covid-19 pandemic had an unprecedented impact on the growth of the global Phthalic Anhydride market. The country-wide lockdown in Europe and Asia and ban on international travel have disrupted the supply chain and revenue chain. The report offers a detailed analysis of the Covid-19 pandemic and its effect on the growth of the global Phthalic Anhydride market.

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The Phthalic Anhydride market report includes an analysis of the top 10 market players that are active in the market. The study includes sales, revenue analysis, and production of these companies. The prime market players are BASF SE, Nan Ya Plastics Corporation, Exxon Mobil Corporation, Asian Paints Ltd., C-Chem Co. Ltd., I.G. Petrochemicals Ltd., Koppers Inc., Mitsubishi Gas Chemicals Co. Ltd., Polynt Spa, Stepan Company, Thirumalai Chemicals Ltd. and UPC Technology Corporation. Other players operating in this market include Shandong Hongxin Chemicals Co. Ltd., Aekyung Petrochemical Co. Ltd. and LANXESS. These market players have adopted several business strategies such as mergers & acquisitions, new product launches, partnerships, and collaborations to maintain their foothold in the market.

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Saudi Arabia Paints & Coatings Market Share Outlook Reflect the Holistic Expansion by 2027

Allied Market Research recently published a report titled, “The Saudi Arabia Paints & Coatings Market by Resin Type (Acrylic Resin, Alkyd Resin, Polyurethane Resin, Epoxy Resin, Polyester Resin, and Others), Technology (Water-Based, Solvent-Based, Powder-Based, and Others), and Product Type (Decorative Paints & Coatings and Industrial Paints & Coatings): Country Opportunity Analysis and Industry Forecast, 2020–2027”. According to the report, the recent technological advancements and launch of new products have a significant influence on the growth. The report includes a detailed analysis of the market trends, major driving factors, prime market players, and top investment pockets. It is vital for new market entrants, stakeholders, and shareholders to make informed decisions about their investments. The report includes a comprehensive analysis of market dynamics such as drivers, restraints, and opportunities.

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The Saudi Arabia Paints & Coatings market study offers detailed research on driers, restraints, challenges, and opportunities in the market. In-depth knowledge about key drivers of the market helps in understanding market dynamics and how they can affect market growth. The restrains and challenges are offered in the report and are instrumental for market investments. Moreover, technological advancements and increased demand are anticipated to create new opportunities in the market. The market is anticipated to significant growth during the forecast period.

Apart from this, the report includes several tools that establish market growth. The SWOT analysis offers a detailed understanding of the key determinants of market growth, which is essential for recognizing the upcoming opportunities in the market. Moreover, the market report includes Pestel analysis that offers industry-related data and information in tabular format. This information is essential to understand positive and negative attributes that can affect the global Saudi Arabia Paints & Coatings market. In addition, the report includes Porter’s Five analysis to focus on those factors that may benefit the company in the long run.

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The global Saudi Arabia Paints & Coatings market report outlines the upstream raw materials, marketing channels, downstream customer surveys, and industry development trends to provide detailed information about major manufacturing equipment suppliers, major distributors, raw materials suppliers, and major customers.

The Saudi Arabia Paints & Coatings industry is studied on the basis of geography along with the competitive landscape in every region. The report targets 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). These insights aid to devise business strategies and how to react to new lucrative opportunities.

The Saudi Arabia Paints & Coatings market report provides in-depth information on the segmentation of the market. The report includes a thorough analysis of sales, revenue, growth rate, and market shares of each segment during both the historic period and forecast period. To understand the segmentation, the report offers charts and tables as well.

The Covid-19 pandemic had an unprecedented impact on the growth of the global Saudi Arabia Paints & Coatings market. The country-wide lockdown in Europe and Asia and ban on international travel have disrupted the supply chain and revenue chain. The report offers a detailed analysis of the Covid-19 pandemic and its effect on the growth of the global Saudi Arabia Paints & Coatings market.

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The Saudi Arabia Paints & Coatings market report includes an analysis of the top 10 market players that are active in the market. The study includes sales, revenue analysis, and production of these companies. The prime market players are Nobel N.V., BASF SE, Jazeera Paints, Jotun A/S, Kansai Paints Co., Ltd., National Paints Factories Co. Ltd., Protech Powder Coatings, Inc., The Sherwin-Williams Company, Zamil Industrial Coatings, and United Coating Industries. These market players have adopted several business strategies such as mergers & acquisitions, new product launches, partnerships, and collaborations to maintain their foothold in the market.

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Global Mobile Security Market Expected to Reach $122.89 Billion by 2027

According to a recent report published by Allied Market Research, titled, “Mobile Security Market by Operating System, End User, Enterprise Solution Type, Industry Vertical and Enterprise Size: Opportunity Analysis and Industry Forecast, 2020–2027,” the global mobile security market was valued at $19.83 billion in 2019, and is projected to reach $122.89 billion by 2027, growing at a CAGR of 25.8% from 2020 to 2027.

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Increase in the trend of mobile payments, rise in adoption of BOYD in workplaces, and surge in need to provide protection to video streaming content drive the growth of the global mobile security market. On the other hand, high costs of mobile security solution and complexity in designing embedded security setup impede the growth to certain extent. However, rapid usage of machine learning and artificial intelligence in mobile security application are expected to create multiple opportunities in the industry.

Based on operating system, the android segment accounted for more than half of the global mobile security market share in 2019, and is expected to rule the roost by the end of 2026, owing to faster deployment of this operating system across the globe. The iOS segment, on the other hand, would portray the fastest CAGR of 27.2% throughout the forecast period.

Based on end-user, the enterprises segment contributed to more than four-fifths of the global mobile security market revenue in 2019, and is expected to retain its dominance till 2026. This is due to growing adoption of mobile security solutions among various industry verticals. Simultaneously, the individuals segment would manifest the fastest CAGR of 29.2% during the study period. Increase in demand from individuals to secure their mobile devices fuels the segment growth.

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Based on region, North America held the major share in 2019, generating more than one-third of the global mobile security market. Enterprises in the region are adopting security solutions that minimize data security threats without hampering the personal data of the employees which drives the market growth in this region. At the same time, the Asia-Pacific region would grow at the fastest CAGR of 26.9% from 2020 to 2027. This is attributed to the growing drive of BOYD and rise in adoption of mobile security solutions by government offices in the province.

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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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

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.

Machine learning as a Service Market Top Companies, Business Growth & Investment Opportunities 2023

According to a new report by Allied Market Research, titled, Machine Learning as a Service Market by Component, Organization Size, End-Use Industry, and Application: Global Opportunity Analysis and Industry Forecast, 2016-2023, the global machine learning as a service market was valued at $571 million in 2016, and is projected to reach at $5,537 million by 2023, growing at a CAGR of 39.0% from 2017 to 2023.

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Machine learning is designed to incorporate the functionalities of artificial intelligence (AI) and cognitive computing involving a series of algorithms and is used to understand the relationship between datasets to obtain a desired output. Machine learning as a service (MLaaS) incorporates range of services that offer machine learning tools through cloud computing services.

The current business scenario has witnessed surge in adoption of machine learning as a service in the developed and the developing regions, owing to the technological innovations in product offerings, increased need to improve performance and operational efficiency, rise in demand for analytical systems, and increase in application areas among end users. Furthermore, factors such as growth associated with IoT, cognitive computing, neural networks, deep learning technologies, and artificial intelligence (AI) are expected to provide numerous growth opportunities. However, lack of trained professionals is expected to restrict the growth of the machine learning as a service market during the forecast period.

The services segment dominated the machine learning as a service market in 2016, with around 73% revenue share of the global market. This is attributed to the improved IT infrastructure and increased cloud-related expenditures to cater to the untapped markets among the developing nations.

The IT and telecom segment dominated the global machine learning as a service market, with around 20% share in 2016, followed by BFSI segment. Furthermore, public sector segment is estimated to grow at the highest CAGR of 42.1%, owing to widespread adoption of advanced solutions and increased IT spending.

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The report features the competitive scenario of the machine learning as a service market and provides comprehensive analysis of the significant growth strategies adopted by major players. The key players operating in the market include Google Inc., SAS Institute Inc., FICO, Hewlett Packard Enterprise, Yottamine Analytics, Amazon Web Services, BigML, Inc., Microsoft Corporation, Predictron Labs Ltd., and IBM Corporation.

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Data Center Cooling Market in North America is Expected to Garner $9,177 Million by 2025 – Exclusive Research Report by AMR

Emergence of liquid-based cooling and portable cooling technology and increasing demand for modular data center cooling approach are expected to create lucrative opportunities in the near future. Rise in the demand for efficient and cost-effective data centers, increase in green initiatives for eco-friendly data center solutions, and substantial growth in data center and power density are the major drivers of the North America data center cooling market.

Major industry players such as – Schneider Electric Se, Nortek Air Solutions, LLC, Black Box Corporation, Hitachi, Ltd., Rittal Gmbh & Co. Kg, Emerson Electric Co., Stulz Gmbh, Fujitsu Ltd., Vertiv, and Asetek.

The data center cooling market in North America was pegged at $4.02 billion in 2017 and is projected to garner $9.18 billion by 2025, registering a CAGR of 11% from 2018 to 2025.

North America data center cooling market is divided on the basis of component, type of data center, industry vertical, and geography. On the basis of component, the market is divided into solution and service. The solution segment held the largest share in 2017 and is expected to continue its dominance throughout the study period. The is attributed to increase in number of energy efficient cooling solutions. However, the services segment is estimated to manifest the fastest CAGR through 2025 as the implementation of services ensures the effective functioning of solutions with control and transparency.

Based on type of data center, the market is bifurcated into enterprise data center, colocation data center, wholesale data center, and hyperscale data center. The enterprise data center segment dominated the market in terms of revenue generation. On the basis of industry vertical, the market is divided into BFSI, manufacturing, IT & telecom, media & entertainment, retail, government & defense, healthcare, energy, and others. The IT & telecom segment held the largest share in 2017.

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On the basis of type of cooling, the market is segmented into room-based cooling, rack-based cooling, and row-based cooling. The room-based cooling segment held the largest share in 2017 and is expected to continue this trend through 2025. However, the rack-based cooling segment is projected to manifest the fastest CAGR during the forecast period, owing to its ability to offer precise conditions in close proximity, which is targeted at the banks with server cabinets.

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If you have any special requirements, please let us know and we will offer you the report as per your requirements.

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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.

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, and 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.

Big Data Analytics in Healthcare Market in North America Ready to Hit $34.16 billion by 2025, at CAGR of 17.7% Details Shared in the Report

North America Big Data and Business Analytics Market

Growing inclination toward cloud-based analytics solutions, emerging trend in healthcare such as telehealth and innovations in geonomics have created lucrative opportunities in the segment. Rise in demand for analytics solutions for population health management, increase in need for business intelligence to optimize health administration & strategy, and surge in adoption of big data among end users in the industry have fueled the growth of North America big data analytics in healthcare market.

Major industry players – Cerner, Epic System Corporation, All Scripts, International Business Machines (IBM) Corporation, Optum, Hewlett Packard Enterprise (HPE), Dell EMC, Oracle Corporation GE Healthcare, and Microsoft.

The big data analytics in healthcare market in North America was pegged at $9.36 billion in 2017 and is expected to hit $34.16 billion by 2025, registering a CAGR of 17.7% from 2018 to 2025.

Based on region, the market is divided across U.S. and Canada. U.S held more than two-third of the total market share in 2017 and is expected to maintain its dominance during the estimate period. Growth in enterprise mobility and widespread wireless connectivity have driven the growth of big data analytics in healthcare in this region.

Based on component, the software segment contributed to more than two-third of the total market in 2017 and is expected to be dominant throughout the forecast period. The growing demand for digitalization in healthcare organizations has driven the need to adopt big data analytics in healthcare software.

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Based on application, the clinical analytics segment accounted for more than half of the total market in 2017 and is anticipated to maintain its top status throughout 2018-2025. Investments in population health and clinical management have spurred the growth in this segment. On the other hand, the financial analytics segment is anticipated to grow at the fastest CAGR of 20.10% during the period.

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Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on 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 to make strategic business decisions and achieve sustainable growth in their respective market domain.

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

On-Board Connectivity Market – Predicted to Grow at CAGR of 14.3% by 2025 with Revenue $36,842.3 Million

The surge in use of portable electronic devices and the growing inclination of people to travel in airlines have created multiple opportunities in the segment. An increase in the number of air passengers worldwide and rise in the growth of disposable income have fueled the growth of the global on-board connectivity market.

Major industry players such as – Bombardier Inc., Rockwell Collins, Global Eagle Entertainment Inc., Gogo Inc., Honeywell International Inc., ALE International, Inmarsat Plc., Panasonic Corporation, Thales Group, Viasat, Inc., and others.

The global on-board connectivity market generated $12.8 billion in 2017 and is anticipated to reach $36.8 billion in 2025, growing at a CAGR of 14.3% during the forecast period, 2018-2025.

Based on geography, North America accounted for the highest revenue in 2017 and is expected to maintain its dominance till 2025. The presence of major market players in the region has escalated the growth. Moreover, availability of strong on the ground as well as satellite connectivity has also driven the market growth in the province. On the other hand, Asia-Pacific is expected to grow at the highest CAGR during the study period.

By technology, the ground to air segment accounted for the highest revenue in 2017 and is expected to be dominant till 2025. The growing demand for well-established ground cellular networks by connectivity service providers has driven the growth.

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Based on end-use, the aviation segment contributed to the highest revenue share in 2017. Simultaneously, budding preference for in-car infotainment services has made the cars segments to remain lucrative and grow at the fastest CAGR over the forecast period.

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Enterprise Quantum Computing Market: $18,336.45 Million by 2030, at 29.7% of CAGR

Rise in need for secure computing platforms, the influx of huge amounts of data, and the increase in adoption of quantum computing technologies by numerous industrial sectors are also expected to drive the market growth. Increase in demand for enhanced computing performance for data analysis and rise in usage of simulation & modeling in healthcare, BFSI, and energy sector drive the market growth.

Major keyword players – Alibaba Group, D-Wave Systems Inc., Google, Huawei Technologies Co., Ltd., International Business Management Corporation (IBM), ID Quantique, Intel Corporation, Microsoft, Rigetti & Co, Inc., and Toshiba Research Europe Ltd.

The global Enterprise quantum computing market size was valued at $ 1,370.82 Million in 2020, and is projected to reach $ 18,336.45 Million by 2030, growing at a CAGR of 29.7% from 2021 to 2030.

Depending on deployment mode, the cloud segment garnered the largest share in 2020, and is expected to continue this trend during the forecast period. This is attributed to numerous benefits provided by this cloud deployment such as high level of data security and safety. However, the cloud segment is expected to witness highest growth in the upcoming years. As cloud deployment does not need any investment in IT infrastructure as all data is stored on cloud server, which increases the demand for of geospatial analytics software in small and medium scale organizations.

Depending on deployment mode, the on-premise segment garnered the largest share in 2020, and is expected to continue this trend during the forecast period. This is attributed to numerous benefits provided by this on-premise deployment such as high level of data security and safety. However, the cloud segment is expected to witness highest growth in the upcoming years. As cloud deployment does not need any investment in IT infrastructure as all data is stored on cloud server, which increases the demand for of Enterprise quantum computing software in small and medium scale organizations.

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As per Enterprise quantum computing market forecast post COVID-19, the global Enterprise quantum computing market size is estimated to grow from $ 1,761.50 Million in 2021, and reach $ 18,336.45 Million by 2030, at a CAGR of 29.7%.

The COVID-19 outbreak has a positive impact on the growth of the Enterprise quantum computing market as Enterprise quantum computing technologies are helping enterprises to address the extensive capacity demand of data volume. The outbreak of COVID-19 has affected communities globally while governments and companies are trying their best to respond faster to the challenges posed by this pandemic.

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However, from the last quarter of 2019, COVID-19 pandemic created an unbalanced health situation, with stringent restriction to maintain social distancing and lockdown implemented across world. Thus, with a major aim to contain this pandemic, majority of the economies have enforced completed shutdown, thereby leading to decline in business operations. Sectors such as manufacturing and transportation have been severely impacted, worsening the business scenario and resulting colossal monetary and employment losses. However, this pandemic has elevated the growth for the enterprise quantum computing market, and is expected to exhibit two fold increase during the forecast period.

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Cloud Backup & Recovery Software Market Analysis | Insights by Latest Trends, Future Growth, and Revenue

An increase in the adoption of smart devices & tablets and the advent of IaaS & on-demand cloud providers are expected to offer lucrative opportunities to the market. Augmented demand for cloud-based services and a rise in requirements for data backup among enterprises propel the growth of the market.

Major industry players such as – Commvault, Dell EMC, IBM Corporation, Symantec Corporation, Veritas Technologies LLC, CA Technologies, Hewlett Packard Enterprise, Veeam Software, Microsoft Corporation, and Actifio Inc.

The global cloud backup & recovery software market garnered $6.04 billion in 2017 and is expected to reach $22.22 billion by 2023, growing at a CAGR of 24.2% from 2017 to 2023.

The global cloud backup & recovery market is segmented on the basis of the deployment model, user type, industry vertical, and region. Based on deployment models, the market is segmented into private, public, and hybrid. The hybrid deployment model segment contributed more than two-thirds of the total revenue share in 2017 and is expected to dominate throughout the forecast period. Moreover, this segment is expected to grow at the highest CAGR of 25.1% from 2017 to 2023.

Based on geography, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The region across, North America contributed to the highest share in 2017, accounting for more than one-third of the total revenue. However, Asia-Pacific would register the highest CAGR of 26.1% from 2017 to 2023.

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Based on industry vertical, the market is divided into BFSI, government, healthcare, telecom & IT, retail, manufacturing, and others. Telecom & IT segment accounted for nearly one-fourth of the total market revenue in 2017. However, the government segment would register the highest CAGR of 27.0% from 2017 to 2023.

Based on user type, the market is bifurcated into large enterprises and small & medium enterprises. The large enterprises segment contributed to more than half of the total market share in 2017. This segment is expected to lead in terms of revenue by 2023. However, small & medium enterprises would grow at the highest CAGR of 25.1% from 2017 to 2023.

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