A Market Place Research – Page 2418

Servo Press Market Expected to Reach $1,068.3 million by 2030 | End User : Automotive, Aerospace Electrical, & electronics

Servo Press Market Analysis By 2030

The intelligence report by Allied Market Research is the solid outcome of deep study and arduous assessment of numerous dynamics modeling the growth of the Servo Press market. Allied Market Research fosters a highly efficient team of experts, strategists, analysts, and industry specialists who provide proper frameworks and approaches to make efficient decisions. Their systematic analysis and insights help executives steer through their critical priorities with utmost confidence.

global servo press market size was valued at 667.8 million in 2020, and is projected to reach $1,068.3 million by 2030, registering a CAGR of 4.8% from 2021 to 2030. The meticulous scrutiny of the countless forces influencing the dynamics of the market, guides business ventures in understanding various consumer schemes & proposals. The clients then happen to utilize perspectives to perk up customer experience in the fast-paced business milieu.

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The frontrunners in the industry

The major market players analyzed in the global Servo Press market report comprise Amino Corporation, Hitachi Zosen Fukui Corporation, ISGEC Heavy Engineering Ltd., Japan Automatic Machine Co., Ltd., Komatsu Ltd., Nidec-Shimpo Corporation, Promess Incorporated, Schuler AG., SIMPAC Corp. and Tox Pressotechnik GmbH & Co. KG. These players have brought forth an array of different stratagems, which take in new alliances, development, partnership, joint collaboration, and others to sustain their stand in the sector.

Analysis of the Covid-19 scenario-

Outbreak of the Covid-19 pandemic has had a preposterous impact on the lives of people. Most of the business verticals across the world were highly affected. The Servo Press market report doles out a compact overview of the Covid-19 impact on the industry. Moreover, it takes in a micro- and macro-economic impact assessment. The report further cites the market extent and share as one of the major impacts of the pandemic. At the same time, it offers a detailed overview of the influence of COVID-19 on the Servo Press market supply chain.

Last but not the least; the market report focuses on the key approaches incorporated by the industry players throughout the global health crisis. In a nutshell, the Servo Press market report offers an overview of pre- as well as post-Covid-19 impact exploration.

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Key Market Segments

BY TYPE
- Screw
- Crank
BY CAPACITY
- Below 200T
- 201T-500T
- Above 500T
BY END USER INDUSTRY
- AUTOMOTIVE
- Aerospace
- Electrical & electronics

Key Findings Of The Study

The report provides an extensive analysis of the current and emerging servo press market trends and dynamics.
Depending on type, the screw segment dominated the servo press market share, in terms of revenue in 2020 and is projected to grow at a significant CAGR during the forecast period.
By capacity, the above 500T segment has registered highest revenue in 2020.
Asia-Pacific is projected to register highest growth rate in the coming years.
Depending on end user industry, the automotive segment dominated the market, in terms of revenue in 2020, and electrical & electronics segment is projected to grow at a significant CAGR during the forecast period.

The major queries answered in the report are given below:

Who are the frontrunners active in the global Servo Press market?
What is the dominant scenario of the market?
What are the existing drifts & leanings that would possibly determine the global Servo Press market study in the next few years?
What are the driving factors, limitations, and opportunities in the industry?
What are the probable forecasts for the future that would help in coming up with further strategic steps to propel the growth of the market?

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Usage-Based Insurance Market to Reach $149.2 Bn, Globally, by 2027 at 25.1% CAGR: Allied Market Research

Allied Market Research published a report, titled, “Usage-Based Insurance Market by Policy Type [Pay-As-You-Drive Insurance (PAYD), Pay-How-You-Drive Insurance (PHYD), and Manage-How-You-Drive Insurance (MHYD)], Technology (OBD-II-Based UBI Programs, Smartphone-Based UBI Programs, Hybrid-Based UBI Programs, and Black-Box-Based UBI Programs), Vehicle Age (New Vehicles and Used Vehicles), Vehicle Type (Light-Duty Vehicle (LDV) and Heavy-Duty Vehicle (HDV)): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global usage-based insurance industry was estimated at $28.7 billion in 2019, and is anticipated to hit $149.2 billion by 2027, registering a CAGR of 25.1% from 2020 to 2027.

Drivers, restraints, and opportunities-

Rise in adoption of usage-based insurance among the end user owing to its various features such as providing accurate and timely data collection methods and flexible insurance premiums fuels the growth of the global usage-based insurance market. On the other hand, high installation cost of telematics and various data security issues hamper the growth to some extent. Nevertheless, adoption of advance technology such as smartphone-based UBI & hybrid-based UBI and increase in concerns regarding driver’s safety across the globe are expected to create lucrative opportunities in the industry.

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Covid-19 scenario-

Implementation of lockdowns and a lot of restrictions imposed on travel have impacted the global market for usage-based insurance to a significant extent. Also, the growing work-from-home culture has wedged the market substantially.
However, to overcome these several challenges, insurers have established new policies to enhance the claim processes and offer better user experience.

The pay-as-you-drive segment to dominate by 2027-

Based on policy type, the pay-as-you-drive segment contributed to nearly three-fifths of the global usage-based insurance market revenue in 2019 and is expected to rule the roost by the end of 2027, due to encouragement to consumers to drive less and go green. The manage-how-you-drive segment, on the other hand, would portray the fastest CAGR of 29.7% throughout the forecast period. Its high-end safety and security services drive the segment growth.

The black-box segment to maintain the dominant share-

Based on technology, the black-box segment accounted for more than three-fifths of the global usage-based insurance market share in 2019 and is expected to lead the trail by 2027. This is because penetration of black box-based insurance is increasing among higher risk policy holders. Simultaneously, the smartphone segment would manifest the fastest CAGR of 30.3% till 2027, due to convenience regarding collection of data through smartphone apps.

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North America garnered the major share in 2019-

Based on geography, North America garnered the major share in 2019, holding nearly two-fifths of the global usage-based insurance market, due to the growing popularity of UBI in the province. At the same time, Asia-Pacific would register the fastest CAGR of 27.6% till 2027, owing to the presence of the key players who have established their market in the emerging countries which include China and India.

Key players in the industry-

Allstate Corporation
Aviva
AXA
Progressive Corporation and UNIPOLSAI ASSICURAZIONI S.P.A.
Nationwide Mutual Insurance Company
Insurethebox
Liberty Mutual Insurance
Mapfre S.A.
Allianz SE

Tape Storage Market to Garner $9.42 Bn, Globally, by 2030 at 7.8% CAGR: Allied Market Research

Allied Market Research recently published a report, titled, “Tape Storage Market by Component (Tape Cartridges and Tape Vault), Technology (LTO-1 to LTO-5, LTO-6, LTO-7, LTO-8, LTO-9, DDS-1, DDS-2, DDS-3, DDS-4, and DLT IV), Capacity (Less Than 1 TB, 1 TB to 200 TB, 201 TB to 999 TB, 1 PB to 100 PB, and More Than 100 PB), Use Case (Archiving and Backup), End Use (Cloud Providers, Data Center, and Enterprises), and Industry Vertical (IT & Telecom, BFSI, Media & Entertainment, Healthcare, Oil & Gas, and Government & Defense): Global Opportunity Analysis and Industry Forecast, 2020–2030”. As per the report, the global tape storage industry generated $4.31 billion in 2019 and is projected to reach $9.42 billion by 2030, growing at a CAGR of 7.8% from 2020 to 2030.

Drivers, restraints, and opportunities

Rise in data volumes, surge in adoption of tape storage by larges enterprises, and increase in threats of ransomware attacks on organizational networks have boosted the growth of the global tape storage market. Moreover, increase in industrialization supplemented the market growth. However, high initial investments hinder the market growth. On the contrary, advent of high storage capacity in tape storage and surge in demand for data storage and security would open opportunities for the market players in the coming years.

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Covid-19 scenario-

During the first phase of lockdown, the production facilities were temporarily closed.
The Covid-19 outbreak resulted in a significant and protracted drop in manufacturing utilization. In addition, the travel bans & facility closures kept workers out of the factories.
However, the demand for tape storage is expected to rise as governments have lifted the lockdown regulations.

The tape cartridges segment dominated the market

By component, the tape cartridges segment held the largest share in 2019, contributing to more than two-thirds of the global tape storage market, as it can be used to store different types of data from corporate data to video and audio files. However, the tape vault segment is estimated to portray the fastest CAGR of 8.3% from 2020 to 2030, as it is accurate, cost-effective, and the fastest method to restore the data.

The cloud providers segment to manifest the highest CAGR through 2030

Based on end use, the cloud providers segment is projected to register the highest CAGR of 8.3% during the forecast period, as they actively introduce tape storage options to their infrastructure to enable low-cost solution that could be effective for archiving the data. However, the data center segment held the largest share in 2019, contributing to more than two-fifths of the global tape storage market, owing to its largest capacity and longevity as compared to solid-state drives and hard disk drives.

North America held the lion’s share

Based on region, the market across North America held the largest share in 2019, accounting for around one-third of the market, due to increase in overall tape storage expenditures. Moreover, the global tape storage market across the Asia-Pacific region is projected to register the fastest CAGR of 8.9% during the forecast period, due to untapped potential in the region.

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Major market players

Dell Technologies Inc.
Hewlett Packard Enterprise
International Business Machines Corporation
Lenovo
Oracle Corporation
Overland Tandberg
QStar Technologies, Inc.
QUALSTAR CORP.
Quantum Corporation
Spectra Logic Corporation

Ceramide Market Projected to Reach $38,014 Billion by 2023 | In-Depth Analysis with Top Key Players

As per the report published by Allied Market Research, the global ceramide market exceeded USD 85.0 million in 2019, and would reach $133.8 million by 2027, growing at a CAGR of 5.8% from 2020 to 2027.

Rise in demand for antiaging skin care products, shift in preference toward e-commerce sales platforms, and surge in disposable income drive the growth of the ceramide market. However, adverse health effects owing to high concentration hinder the market growth. On the contrary, investment in R&D facilities would open lucrative opportunities for the market growth in the future.

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Ceramide is composed of fatty acid and sphingosine. It is present in the outermost layer of the skin in high concentration. It is waxy lipids or fats that form a skin barrier. Ceramide helps the skin to be bright, young, healthy, and hydrated. So following are some of the major advantages of ceramide that make it an essential part of the skincare routine.

Covid-19 scenario:

1. The outbreak of Covid-19 severely affected the demand from end users of ceramide such as skincare products and cosmetics manufacturers. Moreover, lockdown measures and travel restrictions have hampered the offline sales of cosmetics and personal care products.
2. Due to the social distancing norms and worldwide adoption of work from home culture, people are leaving home only for purchasing essential products. Thus, direct sales channels and retail stores witnessed a sharp decline in sales of cosmetic products.
3. However, the rise in demand for e-commerce and click-and-collect sales channels offered new opportunities.
4. The report segments the ceramide market on the basis of type, process, application, and region.

Based on type, the natural segment held the largest share in 2019, accounting for nearly two-thirds of the market. Moreover, the synthetic segment would manifest the highest CAGR of 6.5% during the forecast period.

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On the basis of application, the cosmetic segment dominated the market in 2019, contributing to more than three-fifths of the market. However, the food segment is projected to portray the highest CAGR of 6.1% during the forecast period.

The ceramide market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion’s share in 2019, accounting for more than one-third of the market. However, the market across Europe is expected to register the highest CAGR of 6.7% from 2020 to 2027.

Ceramide Market By Process

• Fermentation Ceramides
• Plant Extract Ceramides

Ceramide Market By Application
• Cosmetics
• Food
• Others

The ceramide market includes an in-depth analysis of the prime market players such as Toyobo, Evonik Industries, Arkema, Cayman Chemical, and Doosan Corporation.

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

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Molded Plastics Market Value To Cross $690,158 Million By 2023 | Growth With Recent Trends & Demand

Allied Market Research recently published a report, titled, “Molded Plastics Market by Product (Polyvinyl Chloride, Polypropylene, Polystyrene, Low Density Polyethylene, High Density Polyethylene, Polyethylene Terephthalate, and Engineering Plastics), Technology (Injection Molding, Blow Molding, Extrusion, and Others), and Application (Building & Construction, Electrical & Electronics, Automotive and Packaging) – Global Opportunity Analysis and Industry Forecast, 2017-2023″. The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition. According to the report, the global molded plastics market generated $549.07 billion in 2017, and is expected to reach $690.15 billion by 2023, growing at a CAGR of 3.9% from 2017 to 2023.

Stringent government regulations to reduce CO2 emissions is fueling the consumption of lightweight materials such as molded plastics in various industries, thereby driving the molded plastics market growth. Moreover, increased consumption of consumer electronics such as smartphones, tablets, laptops, computers, and TVs in the emerging economies such as India and China due to rapid economic growth and rise in disposable income of consumers, growth of the packaging industry, and rapid consumption of fast moving consumer goods (FMCG), and high demand from automotive industry drive the growth of the market. However, volatile nature of prices of raw materials such as ethylene and propylene restraints the growth of the market. Conversely, growing application of molded plastics in the medical industry create new opportunities for growth of the market.

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Polypropylene segment to be lucrative through 2023

Among types, the polypropylene segment accounted for 24.7% of the overall market share in 2017 and would retain its dominance through 2023. The segment is also expected to grow at the fastest CAGR of 4.4% through the study period. This is due to the high adoption of polypropylene as a major raw material to produce consumer goods, automotive components, and packaging products. Polypropylene is well-known for its superior corrosion resistance properties and high insulation properties. The other types analyzed in the report are polyvinyl chloride, polystyrene, low density polyethylene, high density polyethylene, polyethylene terephthalate, and engineering plastics.

Injection molding segment to be lucrative through 2023

Among technologies, the injection molding segment grabbed the largest market share of 58.2% in 2017 and would maintain its revenue lead through 2023. The segment would also grow at the highest CAGR of 4.1% from 2017 to 2023. This is due to the high adoption of injection molded plastic products in the manufacturing of end use complex and detailed products with the generation of least waste. Moreover, favorable properties of molded plastic such as excellent elasticity, insulation, versatility, high strength, and low maintenance make it a suitable product for building and construction applications, leading to its growing consumption. The report also analyzes blow molding, extrusion, and other technologies.

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Packaging segment to lead in terms of revenue through 2023

Among applications, the packaging segment was the largest in 2017, capturing more than one-third of the market share and would maintain its dominance through 2023. Growing trend for packaged food leads to the high demand for molded plastics as they increase the shelf life of food. Moreover, molded plastic is used to produce rigid packaging products through various processes such as extrusion molding, injection molding, and blow molding. These rigid packaging products are then largely adopted in consumer and industrial packaging. However, the building & construction segment would grow at the fastest CAGR of 4.3% during the forecast period. This is because molded plastic is a more cost-effective solution in construction than traditional material for flooring, insulation, roofing, walls, windows, and other applications. The report also analyzes automotive, electrical & electronics, and others (appliances, household & consumer products, furniture and medical).

Asia-Pacific to be lucrative through 2023

Asia-Pacific captured 48.8% of the overall market share in 2017 and is likely to dominate the market through 2023. The segment is also expected to register the fastest CAGR of 4.1% from 2017 to 2023. Asia Pacific is the largest consumer of molded plastics due to its growing infrastructure spending linked with largest automotive production and consumption. Trend for light weight vehicles in automotive industry leads to enhanced consumption of molded plastic in the region. The other regions analyzed in the report include North America, Europe, and LAMEA (Latin America, Middle East and Africa).

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Frontrunners of the industry

Leading market players analyzed in the research include BASF SE, Chevron Philips Chemical Company, Eastman Chemical Company, E. I. du Pont de Nemours and Company, Exxon Mobil Corporation, Huntsman Corporation, INEOS Group AG, LyondellBasell Industries N.V., Reliance Industries Limited, and SABIC. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.

Cobalt Sulphate Market to witness 1.8% CAGR over 2017-2023 with $1,089 million revenue: AMR

As per the research report, Global Cobalt Sulphate Market to expand USD 1,089 million by 2023 and, growing at a CAGR of 1.8% during the forecast period. Cobalt sulfate is an inorganic, divalent cobalt salt of sulfuric acid, represented by the chemical formula, CoSO4. It is an odorless reddish metallic salt, which is readily soluble in water and methanol. Cobalt oxide or other cobalt derivatives are dissolved in dilute sulfuric acid, which crystallizes to form cobalt sulfate. In addition, large amount of cobalt sulfate is produced as a by-product during the manufacturing of various metals, such as nickel and copper. The global cobalt sulphate market is segmented based on application and region.

Based on application, it is bifurcated into super alloy, hard facing/HSS & other alloy, magnet, hard material, catalyst, color, and battery, and others. Super alloys are high-performance alloys, used in situations that require exceptional properties, such as high mechanical strength, resistance to high temperatures, corrosion, and other stress situations. Besides the batteries segment, a major share of the cobalt sulphate industry has accounted by the super alloys segment due to their applications in aircraft manufacturing.

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The battery segment accounted for the highest share of cobalt sulphate market in 2016, owing to the highest consumption of batteries in passenger electric vehicles, consumer electronics, and stationary storage. As per industry experts, the demand for lithium is expected to reach at 50,000 MT by 2020. At present, there are around 350 lithium mining projects active to accomplish the rise in demand for lithium batteries in various applications. The growth in end-use industries such as pigment, ceramic, glass, and battery drives the market for cobalt sulphate. However, the growth for cobalt sulphate market is expected to get affected, owing to the health concerns related to cobalt sulphate industry.

The rechargeable battery segment accounted for more than 40% of the share in the global cobalt sulphate market in 2016, as is employed in the growth of applications, such as passenger electric vehicles, consumer electronics, and stationary storage. Segments such as hard facing/HSS alloy and catalyst are projected to grow at a significant growth rate during the forecast period.

Key Findings of the Cobalt Sulphate Market:

The battery segment occupied the highest share in 2016, and is expected to grow at a CAGR of 3.8%, in terms of volume, during the forecast period.

Asia is the leading consumer of cobalt sulphate, accounting for approximately half of the share of the global market in 2016, followed by Europe.

Magnets segment is expected to register the highest CAGR of 2.6% in terms of value, during the forecast period.

D.R. Congo and Madagascar are the leading cobalt sulphate supplier for Africa region.

China is the leading market in the Asia region, accounting for approximately two-third of the share of the global cobalt sulphate market in 2016.

Asia accounted for the highest market share in 2016, and is projected to grow at the highest CAGR of 2.4%, owing to the presence of major manufacturers in China. In addition, the demand from the passenger electric vehicles, consumer electronics, and stationary storage sector are expected to drive the market growth in Asia. Europe was estimated to be the second highest consumer for cobalt sulphate in 2015. Belgium & Finland are the major suppliers of cobalt sulphate in the region followed by Norway.

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The key players profiled in this report are Freeport Cobalt Oy, Ganzhou Tengyuan Cobalt Industrial Co., Ltd., Jiayuan Cobalt Holdings, Jilin Jien Nickel Industry Co., Ltd., Jinchuan Group Co., Ltd., Nantong Xinwei Nickel & Cobalt Hightech Development Co., Ltd., Nicomet Industries Limited, MMC Norilsk Nickel, Umicore, and Zhangjiagang Huayi Chemical Co. Ltd.

Insulation Materials Market Leading Global Companies and Regional Average Pricing Analysis by 2030

Allied Market Research published a report, titled, “Insulation Materials Market by Type (Mineral Wool, Polyurethane Foam, Polyethylene, Polyvinyl Chloride, Expanded Polystyrene, Extruded Polystyrene, and Others) and Application (Residential Construction, HVAC & OEM, Non-Residential, Wires & Cables, Automotive, Oil & Gas, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”. According to the report, the global insulation materials industry generated $61.6 billion in 2020, and is anticipated to generate $101.9 billion by 2030, witnessing a CAGR of 5.2% from 2021 to 2030.

Prime determinants of growth

Developments in the construction industry, and rapid urbanization & industrialization in the developing countries drive the growth of the global insulation materials market. At the same time, North America and Europe is expected to witness a considerable growth in residential construction, which is likely to present new opportunities in the coming years.

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Covid-19 Scenario

The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global insulation materials market, owing to implementation of global lockdown which led to disrupted construction activities, especially in the initial period.
However, the market has already started to recover.

The polyurethane foam segment to maintain its leadership status throughout the forecast period

Based on type, the polyurethane foam segment held the highest market share in 2020, accounting for nearly two-fifths of the global insulation materials market, and is estimated to maintain its leadership status throughout the forecast period. This is because it can be made into laminated insulation panels with a variety of facings. Moreover, the expanded polystyrene segment is projected to manifest the highest CAGR of 7.4% from 2021 to 2030.

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The wires and cables segment to maintain its lead position during the forecast period

Based on application, the wires and cables segment accounted for the largest share in 2020, contributing to more than two-fifths of the global insulation materials market, and is projected to maintain its lead position during the forecast period. This is due to its wide usage to separate conductors, electrically, and physically within a cable. However, the Hvac and Oem segment is expected to portray the largest CAGR of 6.7% from 2021 to 2030.

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

Based on region, Asia-Pacific, followed by Europe & North America, held the highest market share in terms of revenue 2020, accounting for more than two-fifths of the global insulation materials market. Moreover, the same region is expected to witness the fastest CAGR of 6.5% during the forecast period, due to increase in demand for insulation materials in automotive, construction, and wires & cables industry.

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Leading Market Players

BASF SE
Bayer AG
Saint-Gobain S.A
Rockwool International
Huntsman Corporation
Atlas Roofing Corporation
Bridgestone
Evonik Industries AG
GAF Materials Corporation
Kingspan Group PLC
The DoW Chemical Company

More Information https://www.prnewswire.com/news-releases/insulation-materials-market-to-garner-101-9-billion-globally-by-2030-at-5-2-cagr-says-allied-market-research-301524918.html

Language Translation Software Market Demand and Production with Growth Forecast 2022 – 2029

Language translation software interprets the source text in a specific language. It includes a wide range of language services such as translation, localization, interpretation, transcription, and others. Increasing urbanization has resulted in an increased need to provide content that is relevant to the local market. LanguageLine Solutions, Global Linguist Solutions, LLC, and Babylon Corporation are some of the key players in the language translation software market.

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The growing need for businesses to communicate with customers, employees, and officials in the target market increases the demand for translation software in order to overcome language barriers. The presence of free language translators is expected to restrict the market growth. However, increasing proliferation of the Internet in non-English speaking countries such as South America, Spain, Russia, and Brazil provides ample growth opportunities owing to the need for localized websites.

The report segments the language translation software market on the basis of component, industry verticals, and geography. On the basis of component, it is divided into solution and services. Solution is divided into rule-based machine translation, statistical-based machine translation, and hybrid machine translation. Services are divided into translation, localization, interpretation, transcription, and others. On the basis of industry verticals, it is divided into banking financial services & insurance (BFSI), healthcare, manufacturing, government, IT & telecom, education, and others. On the basis of geography, it covers North America, Europe, Asia-Pacific, and LAMEA.

The major players of the language translation software market are the bigword Group Ltd., Lionbridge, LanguageLine Solutions, Global Linguist Solutions, LLC, Babylon Corporation, Google Inc., IBM Corporation, Microsoft Inc., Systran, and Cloudwords 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. 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.

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Education ERP Market Future Scenarios, Growth and Analytical Insights – 2029

The global education ERP market is driven by high requirement of automated business process in academic institutions and need to protect vital data of the academic organizations. Further, enhanced performance and improving communication and collaboration among various departments of organizations also fuels the growth of the education ERP market.

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The enterprise resource planning (ERP) is a process management software that helps organizations to integrate business management with various automated functions. The education ERP helps automate admission, reduce back office process, and reduce the total time required for admission process. The improved efficiency, cost-effective advantage, and security of the data are prime benefits of education ERP. However, low level of customization, relocation of the data in case of implementation of new ERP, and difficulties in implementation within decentralized organizations are key limitations of education ERP.

The market is categorized by stiff competition among key vendors. The market players adopt various business practices such as new product launch, partnership, acquisition, and collaboration to extend their market reach. Oracle Corporation updated its cloud-based ERP on September 2014 to provide complete flexible cloud migration of the educational organizations data to cloud storage.
The market is segmented by component, deployment type, user type, and region. Based on component, it is bifurcated into solution and services. Based on deployment type, it is classified into cloud and on-premises deployment. By user, it is categorized into kindergarten, primary & secondary education, and higher education. Based on geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The difficulty in integration of ERP system with internal systems of organizations and constrained customization options in ERP module pose a prominent challenge for the market. The emerging cloud-based ERP solutions create sufficient opportunities in the education ERP market. Intense competition from administrative systems that are easily available and are cost effective restrain the growth of the market.

Comprehensive analysis and profiles of the major market players such as SAP AG, Oracle Corporation, Blackbaud, Inc., Dell Inc., Epicor Software Corporation, Jenzabar, Inc., Ellucian, Inc., Unit4 N.V, Foradian Technologies Pvt Ltd, and Infor, Inc is also provided in this report.

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Casual Sportswear Market | Key Player – LI-NING Company Ltd, Lululemon Athletica , Columbia Sportswear , Fila, Inc

Casual sportswear is clothes that are specially designed for practicing sports activities, wearing casual sportswear while playing different sports and doing workout helps to enhance performance of individuals. Casual sportswear is very helpful in prevention of injuries and cramps while performing sports and gym activities, this sportswear helps to keep body dry and absorb excessive sweat released during workouts. Casual sportswear market is showing significant growth in last few years, as rise in prominence of sports among people and they also look trendy and fashionable. Many celebrities and sports person are introducing their own brands in sportswear and many companies are hiring sports figure and celebrities for promotion of casual sportswear brands that has a great influence on demand of customers. These are significant factors in growth of casual sportswear market and expected to be more inclined in forecast period.

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COVID-19 scenario analysis:

During COVID-19, many industries were suffering from economic crises; spread of corona virus diseases has led to adverse effect on global casual sportswear market. To control spread of corona virus, Nation-wide lockdown was imposed by government resulted in huge disruption in supply chain of raw material and disordering of production cycle of global casual sportswear market. Restraints were imposed by government on several retail stores, brand stores and specialty store resulted into great decline in demand of casual sportswear and led to adverse effect of sales of casual sportswear. E-commerce has played significant role uplifting supply casual sportswear. Even after removal of restraints people are hesitating and avoiding in store purchase to control spread of Wuhan virus.

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

Now a day, peoples are more concerned about their health and becoming health conscious resulting into rise in number of sports activities such as walking, gym activities, athletics, swimming and other sports games. Sport activities are fun and also help to maintain healthy mental conditions and reduce stress of daily life. Rise in significance of sports among peoples and increase in number of sports activities is key driver in growth of global casual sportswear market.
In last few years, interest of women’s in sports participation has increased, even in schools more and more girls are participating in sports activities as helps to live healthy and fit life. Rise in number of female participation in different sports activities is creating a new demand of female sportswear. Rise in demand of sportswear by females is key factor in growth global casual sportswear market.

Majority of sportswear brand are using aggressive marketing strategy for their brand promotion and to increase their brand visibility, in last few years many companies has hired sport figure and celebrities to boost the sales figure of their brands. Brand endorsement by sports figure, athlete and celebrities has great impact on sale, as they have huge fan base that influence demand of people. Rise in adaptation of aggressive marketing strategy by key players and brand endorsement by celebrities is a prominent factor in growth of global casual sportswear market.

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Market Trends-

Rise in trend of sports club culture and fitness activities

In recent years, significance of sports has increased among people and many people have taken it as opportunity and started opening sports clubs & gyms, these sports clubs and gyms offers professional training for sports and gym activities that helps to achieve excellence in particular sports. Professional sports trainers always advise to put on sportswear during workouts as it helps to prevention of cramps and injuries as well as it helps to improve performance of individuals. Rise in trend of sports club culture and fitness activities is significant factor in growth of global casual sportswear market.
Rise in number of brands launches by celebrities

In last few years, many celebrities and sports persons has launched their own brands such as HRX by Hritikh Roshan and WROGN & ONE8 by Virat Kholi. These branded sports wears are gaining prominence among peoples, as these brands are launched by theirs favorite sports person and celebrities. Celebrities and sports figure have their own fan base and fame that is influencing demand of customers and attracting towards their own brand. Rise in number of brands by athletes/sports figure and celebrities are one of the major factors that are boosting growth of global casual sportswear market.

Key benefits of the report:

This study presents the analytical depiction of the casual sportswear Industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the casual sportswear market share.
The current market is quantitatively analyzed from 2020 to 2028 to highlight casual sportswear market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed casual sportswear market analysis based on competitive intensity and how the competition will take shape in coming years.

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