A Market Place Research – Page 2429

Turmeric Market Top Companies Analysis To Grow Your Business in 2026

Turmeric, also known as Curcuma longa, is a type of spice that is widely cultivated in southern Asia. Turmeric powder is a major ingredient in curry powders and pastes. Turmeric is majorly used in cooking to add color and flavor to seafood, pickles, rice dishes, and others. In addition, it is widely used to make medicines, cosmetic products, and colorants for food products & textiles. Often, turmeric is used as a substitute for saffron, as it is less expensive and provides similar yellow color. Moreover, turmeric is used in home remedies for curing cough, cold, and stomach issues. Furthermore, it aids to prevent cardiac diseases, delay aging, improve brain functioning, fight inflammation, and boost antioxidant ability of the body. Currently, India is the major producer, user, and exporter of turmeric.

Wide applications of turmeric such as in home remedies, cosmetic products, food products have driven the market of the global turmeric market. Moreover, increase in popularity of ethnic food fuels the market growth. However, curcumin, naturally present in turmeric that gives the yellow color, is unstable and degrades with exposure to light. Thus, to maintain the color of turmeric, it is replaced by synthetic dyes such as mentail yellow, sunset yellow, Sudan dye, which are stable.

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However, According to the European Food Standards Agency, these synthetic dyes are considered as harmful food additives, and are thus banned for use, which is anticipated to restrain the market for turmeric in the near future. Conversely, shift in preference of consumers toward cosmetic products containing natural ingredients such as turmeric is expected to boost the market growth. In addition, the UV protecting packaging of turmeric to prevent the deterioration of its color fuels the market growth. Moreover, increase in trend of healthy living and use of turmeric in herbal food supplements are projected to offer lucrative opportunities for market expansion during the forecast period.

The global turmeric market is segmented based on type, end user, distribution channel, and region. By type, the market is bifurcated into raw and dried. Depending on end user, it is segregated into households, food & beverages industry, food service industry, cosmetics industry, and others. On the basis of distribution channel, it is classified into direct/B2B and indirect /B2C channel. The indirect/B2C channel is sub segmented into supermarkets/hypermarkets, convenience stores, retail stores, e-commerce, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The prominent players operating in the market include SHS Group, Everest Spices, DS Group, McCormick & Company, Inc., Barrington Chemical Corporation, Nani Agro Foods, MTR Foods Pvt. Ltd., MDH Spices, Olam International, and Bart Ingredients Co. Ltd.

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Key Benefits For Stakeholders

This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global turmeric market from 2018 to 2026 to identify the prevailing market opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
Market player positioning facilitates benchmarking while providing a clear understanding of the present position of the key market players.
The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.

About us:

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

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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Fiberglass Pipes Market New Business Opportunities and Investment Research Report by 2029

According to the fiberglass pipe market report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market.

Rapid industrialization around the world has increased the demand for lightweight and durable pipelines in the different end-user industries. The increase in the production of oil & gas and the need for the distribution of fuel play a major role in increasing the demand for fiber glass pipes in the oil & gas sector. Moreover, these pipes also have a wide array of applications in different chemical industries to transport corrosive chemicals and waste. In addition, majority of construction companies use pipes that are lightweight and reduce the overall cost of transportation and installation. This is another factor that drives the growth of the market. However, high cost of raw materials limit the market growth.

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A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.

The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.

The fiberglass pipe market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America, and Europe.

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The market report is analyzed across Type, Application, End-Use, and Region. By Type, the report is classified into Centrifugal Casting, Filament Winding, Pultrusion and others. By application, the market is further divided into Oil & Gas, Water Treatment and others. By end user, on the other hand, the market is segmented into Chemical, Wastewater and Others.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the fiberglass pipe market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the fiberglass pipe market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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

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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Graphene Oxide Market Trends, Developments, Opportunities, Manufacture Size and Future Forecasts To 2029

According to the graphene oxide market report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market.

Graphene oxide is a type of graphene. The demand for graphene oxide is straightforwardly connected to graphene creation. Expanding demand for renewable, lightweight and flexible materials with extended life expectancy has supported the developing demand for graphene, subsequently, driving the graphene oxide market all around. The developing demand for flexible and recyclable materials and the on-going movement towards sustainable power source are a portion of the variables driving the utilization of graphene oxide in various applications. The surging demand for the nanotechnology in electronic goods industry is compelling the development of the graphene oxide market.

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The graphene oxide market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America, and Europe.

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The market report is analyzed across Type, Application, End-Use, and Region. By Type, the report is classified into Powder-based graphene oxide, Solution based graphene oxide and others. By application, the market is further divided into Medical, Energy, Electronic devices and others. By Region, on the other hand, the market is segmented into North America, Europe, Asia-Pacific and LAMEA.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the graphene oxide market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the graphene oxide market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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Cleaning Chemicals Market Is Set To Witness Substantial Growth During The Forecast Period 2019-2026

According to the cleaning chemicals market report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market.

Increase in awareness among buyers, owning of increment in wellbeing related issues which has prompted the development of the cleaning chemicals market. Additionally, Rapid growth in the food and beverage industry worldwide is expected to drive this market for the forecast period. In addition, rising awareness on the use of cleaning chemicals commercial, institutional and household level for disease prevention purpose is another factor to rapidly boost the growth of global cleaning chemicals market. Therefore, development in such end-user industries is going to build interest for cleaning chemicals for business applications.

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The cleaning chemicals market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America, and Europe.

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The market report is analyzed across Product, Application, End-Use, and Region. By Product, the report is classified into Industrial Cleaning Chemicals, Laundry Products, Vehicles Washing Products and others. By application, the market is further divided into Food Processing, Food services & Retail, Healthcare and others. By Region, on the other hand, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the cleaning chemicals market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the cleaning chemicals market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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Aluminum Pigments Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2027

According to the aluminum pigments market report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market.

The rise in demand for aluminum pigments in the automotive industry is expected to accelerate the market growth over the forecast period. Rapid economic growth in various developing countries has resulted in a constant rise in disposable income, resulting in strong automotive sales. Technological advancements in the automotive and aerospace industries and increase in R&D activities across various developing countries are expected to offer lucrative opportunities for the market growth.

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The aluminum pigments market report keeps a perfect tab on the markdet share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America, and Europe.

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The market report is analyzed across Grade, Application, End-Use, and Region. By Grade, the report is classified into Leafing, Non- Leafing and others. By application, the market is further divided into Paints & Coatings, Plastics, Personal Care and others. By Form, on the other hand, the market is segmented into Powder, Pellets & Paste.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the aluminum pigments market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the aluminum pigments market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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Potash Fertilizer Market Business Dimension Surge Prospects and Development Evaluation up to 2029

The global potash fertilizer market report provides an in-depth study of the market dynamics such as drivers, restraints, opportunities, and the current market scenario. The potash fertilizer market report also focuses on the subjective aspect of the industry. Furthermore, the study takes in the key findings, in regards to market overview and investment opportunities. At the same time, the report also encompasses the competitive landscape including comprehensive profiles of the major frontrunners in the industry. The leading players are considered based on their revenue size, product portfolio, market share, key marketing stratagems, and overall contribution to the market growth.

The potash fertilizers market is significantly growing at a healthy rate due to rise in demand for potash fertilizers for production of fruits & vegetables by farmers and increase in demand for high effectiveness in fertilizers combined with growing applicability of potash fertilizers. Potash fertilizers are mainly used to improve plant growth by providing essential nutrition content. In addition, potash fertilizers help in the overall improvement of plant eminence and also increase its shelf life.

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However, stringent government regulation for use of potash fertilizers is expected to hamper the market growth. In addition, rising concern of organic farming is other factor that is expected to limit the use of potash fertilizers in agriculture industries, thereby hampering the growth of the global potash fertilizer market over the forecast period.

The global potash fertilizer market is analyzed on the basis of type, application, end user, and region. Based on type, the market is divided into Potassium Chloride, Potassium Nitrate, Sulfate of Potash and others. By application, the report categorizes the market into Broadcasting, Foliar, Fertigation, Fertilizers and others. By end user, the market is classified into Broadcasting, Foliar and others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The region across North America is classified into the U.S, Canada, and Mexico. Europe includes countries such as Germany, the UK, France, Italy, Spain, and rest of Europe. At the same time, Asia-Pacific covers countries such as Japan, China, South Korea, India, and rest of Asia-Pacific. Finally, LAMEA is segmented into Latin America, the Middle East, and Africa

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COVID-19 impact analysis

The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The potash fertilizer market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the potash fertilizer market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the potash fertilizer market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.

Major Inclusions-

Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
Analysis at country and regional level, which portrays the share of the product or service in different regions.
Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
The forecasted market outlook of the potash fertilizer market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
The COVID-19 impact on the potash fertilizer market
Post-sales support and free customization

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Global Supply Chain Management Market to Garner $52.63 Billion by 2030, States the Report by Allied Market Research

Rise in use of industrial-grade digital technology, increase in use of cloud-based SCM software, surge in need for improved supply chain visibility, growing need of demand management solutions among enterprises, and improved adoption of SCM software in healthcare and pharmaceutical companies are crucial in contributing toward the growth of the market.

Allied Market Research published a research report on the supply chain management market. The findings of the report states that the global market for supply chain management generated $18.69 billion in 2020, and is expected to garner $52.63 billion by 2030, witnessing a CAGR of 10.7% from 2021 to 2030.The report offers valuable information on evolving market trends, major segments, top investment pockets, and key competitors for market players, investors, shareholders, and new entrants.

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Rachita Rake, the Research Analyst, ICT at Allied Market Research, highlighted, “Asia-Pacific is expected to observe highest growth rate during the forecast period. Strong economic growth along with the ongoing development in the services sector, has driven business enterprises to invest heavily in supply chain management software to sustain their growth and improve productivity. In addition, factors such as growth in penetration of mobility, rise in cloud deployment among small & medium businesses, and ongoing modernization of manufacturing & construction industries drive heavy investment in SCM software in the emerging countries. Also, Asia-Pacific is expected to witness highest growth rate in the upcoming years owing to rise in awareness about the advantages of supply chain management solutions among enterprises.”

The report provides a detailed analysis of drivers, challenges, and opportunities to help market players in determining strategies and tap on opportunities. Rise in use of industrial-grade digital technology, increase in use of cloud-based SCM software, surge in need for improved supply chain visibility, growing need of demand management solutions among enterprises, and improved adoption of SCM software in healthcare and pharmaceutical companies are crucial in contributing toward the growth of the market. However, rise in security & privacy concerns among enterprises and high cost associated with the implementation and maintenance of SCM solution impede the market growth. On the contrary, integration of block chain technology in SCM software and upsurge in demand for transportation management systems (TMS) software present opportunities in the next few years.

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The research offers an extensive scenario of Covid-19 along with outlining its impact on the supply chain management market across the world. The outbreak of Covid-19 pandemic affected the global supply chain management market. The market has witnessed fluctuations in the demand for the supply chain management. Furthermore, supply chain disruptions caused by transportation constraints have stifled the growth. However, the firms have made unprecedented steps and attempts to provide important services such as pharmaceutical and medical, food and beverage, and others through their facilities.

The report offers a detailed analysis of segments of the global supply chain management market based on component, refrigerant type, application, type and region. This analysis offers insights for new entrants, investors, stakeholders, and market players to determine the largest revenue generating and fastest growing segments to devise strategies according for the future.

By component, the solution dominated the supply chain management market size in 2020. However, the services segment is expected to exhibit significant growth during supply chain management market during the forecast period.

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Based on solution type, the procurement and sourcing generated the highest revenue in 2020. However, the transportation management system segment is expected to exhibit significant growth during the forecast period. Region wise, the supply chain management industry was dominated by North America region. However, Asia-Pacific is expected to witness significant growth in the upcoming years.

Leading players of the global industrial refrigeration market analyzed in the research include Oracle Corporation, Infor, Epicor Software Corporation, HighJump, SAP SE, JDA Software Group, Inc., Manhattan Associates, The Descartes Systems Group Inc., Kinaxis Inc., and IBM Corporation.

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Global Facial Recognition Market to Generate $16.74 Billion by 2030, States the Report by Allied Market Research

Rise in demand for face detection systems to improve the essential safety & security in enterprises and advent of intelligent signage solutions boost the growth of the global facial recognition market.

Allied Market Research published a research report on the global facial recognition market. The findings of the report state that the global market for facial recognition generated $3.83 billion in 2020, and is expected to garner $16.74 billion by 2030, witnessing a CAGR of 16.0% from 2021 to 2030.The report offers valuable information on evolving market trends, major segments, top investment pockets, and key competitors for market players, investors, shareholders, and new entrants.

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Pramod Borasi, the Senior Research Analyst at Allied Market Research, outlined, “The facial analytics segment is expected to witness highest growth in the upcoming years, owing to increase in usage of facial analytics software in various retail & e-commerce industry to deliver target messages to the audience and growing need of facial analytics for identification of criminals based on their changing facial expressions.”

The research offers an extensive analysis of drivers, restraints, and opportunities to enable market players to gain insights for strategizing and tapping on new opportunities. Rise in demand for face detection systems to improve the essential safety & security in enterprises, increase in applications in physical security, and advent of intelligent signage solutions boost the growth of the global facial recognition market. However, high implementation cost and lack of accuracy of facial recognition technology impede the market growth to some extent. On the contrary, rise in applications in mobile security and drones are anticipated to offer lucrative opportunities in the industry.

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The research offers an extensive scenario of Covid-19 along with outlining its impact on the facial recognition market across the world. The outbreak of Covid-19 impacted the global facial recognition market positively. The majority of law enforcement agencies’ adoption of facial recognition technology for detecting suspicious activities resulted in a significant increase in demand for facial recognition technology in the market. This trend is anticipated to continue in the post-pandemic era.

The report offers a detailed analysis of segments of the global facial recognition market based on technology, application, industry vertical, and region. This analysis offers insights for new entrants, investors, stakeholders, and market players to determine the largest revenue-generating and fastest-growing segments to devise strategies for the future.

Based on technology, the 3D segment contributed to the largest market share in 2020, accounting for nearly two-fifths of the global facial recognition market. This is due to the fact that it overcomes the drawbacks of 2D technology, such as varying angles and environmental conditions, by using high-definition and complex algorithms, resulting in more accurate recognition of facial images.

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Based on application, the access control segment dominated the global facial recognition market in terms of revenue in 2020, and is anticipated to continue its lead during the forecast period. This is due to continuous adoption of access control-as-a-service (ACaaS) and implementation of mobile-based access control. However, the security & surveillance segment is anticipated to grow with a significant CAGR, owing to the increasing investments of governments and companies in security networks.

Based on the region, North America dominated the market share in 2020 and is anticipated to continue its lead during the forecast period, owing to factors such as high expenditure on security systems by government agencies. However, region across Asia-Pacific is anticipated to witness significant growth during the forecast period, owing to increasing need for surveillance systems in civil and government agencies for enhancing safety and security.

Leading players of the global facial recognition market analyzed in the research include Animetrics Inc., 3M, Crossmatch, NEC Corporation, Cognitec Systems GmbH, Daon Inc., IBM Corporation, FaceFirst, Inc., Microsoft Corporation, and Nuance Communications Inc.

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Enterprise Agile Transformation Services Market to Generate $63.83 Billion by 2026, States the Report by Allied Market Research

A lead analyst at AMR highlighted that the enterprise agile transformation services market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.

Allied Market Research published a research report on the enterprise agile transformation services market. The findings of the report states that the global market for enterprise agile transformation services generated $15.44 billion in 2018, and is projected to reach $63.83 billion by 2026, witnessing a CAGR of 19.5% from 2019 to 2026. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

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The report provides insights on drivers, restrains, and opportunities to help market players in devising growth strategies and capitalizing on opportunities. Rise in need for accelerated product development, development of the IoT sector, and growing inclination toward improves teamwork and communication in enterprises drive the growth of the global enterprise agile transformation services market. On the contrary, frequent failure rates hinder the market growth. However, surge in adoption of agile services among non-IT industries and emerging applications of agile in budding big data complex landscape would open new opportunities in the coming years.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the enterprise agile transformation services market globally. The work-from-home drifts gave way to increasing demand for accelerated product development among organizations. There were also huge requirement for improved communication in enterprises during the pandemic. These factors impacted the global agile transformation services market positively.

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“The IT & Telecom industry is expected to attain a significant growth in the coming years, market, as this sector is adopting enterprise agile transformation services for providing better, flexible, and reliable services to their third-party providers such as service providers, contractors, and governments.” said Shadaab Khan, Research Analyst, ICT at Allied Market Research.

By industry vertical, the IT & telecom segment accounted for the major revenue share in 2018, holding more than one-fourth of the market. However, the retail segment is expected to cite the fastest CAGR of 23.2% during the forecast period.

By methodology, the scrum segment dominated the market in 2018, garnering more than half of the market. On the other hand, the Kanban segment is estimated to manifest the fastest CAGR of 22.7% throughout the forecast period.

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By region, the market across the Asia-Pacific region would display the fastest CAGR of 22.1% during the forecast period. However, the market across North America contributed to the largest share in 2018, accounting for two-fifths of the global market.

Leading players of the global enterprise agile transformation services market that are analyzed in the research include Accenture Plc., Agile Sparks, Broadcom Inc., Endava Plc, Hexaware, Technologies Limited, International Business Machines Corporation, LeadingAgile, Cognizant Technology Solutions Corporation, Symphony Solutions, Xebia Group, and Access AVENUE- A S.

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Global Energy Management Systems Market to Generate $62.3 Billion by 2023, States the Report by Allied Market Research

Increase in inclination towards energy efficiencies, energy price volatility, and policy as well as regulatory mandate and incentive program drive the growth of the global energy management systems market.

Allied Market Research published a research report on the energy management systems market. The findings of the report states that the global market for energy management systems generated $25.9 billion in 2016, and is projected to reach $62.3 billion by 2023, witnessing a CAGR of 13.5% from 2017 to 2023. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

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Komal Sharma, the Senior Research Analyst, Construction and Manufacturing at AMR, highlighted, “Factors such as fast emerging economies and rapid urbanization to boost the demand for effective transmission and distribution of power through EMS solutions in Asia-Pacific region. For instance, one of the objectives for Indiaâ€™s Smart Cities Mission is to implement smart energy management solutions for its power distribution and transmission infrastructure. Subsequently, provide substantial business opportunities in the country for the market players. In addition, the participation of leading foreign players for up gradation the regions infrastructure has also shifted the focus towards the Asia-Pacific regions. As a result, the Asia-Pacific region is anticipated to offer numerous business opportunities for the market players.”

The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Increase ininclination towards energy efficiencies, energy price volatility, and policy as well as regulatory mandate and incentive program drive the growth of the global energy management systems market. On the other hand, high initial investment and longer payback period hinders the market growth. However, the increased needs to reduce energy emissions, as well as the presence of untapped markets, are likely to bring profitable prospects to the business.

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The research offers an extensive scenario of COVID-19 along with outlining its impact on the energy management systems market across the world. Due to the outbreak of COVID-19 pandemic, the global residential power sector has seen significant growth as a result of quarantines, while industrial energy demand has dropped significantly during the initial days of the pandemic. Multiple energy management software suppliers are also expanding their services as a result of the COVID-19 impact, which are anticipated to maintain a steady demand in the coming years.

The report offers a detailed analysis of segments of the global energy management systems market based on offering, component, service, type, end-user, market vertical, and region.This analysis offers insights for new entrants, investors, stakeholders, and market players to determine the largest revenue generating and fastest growing segments to devise strategies according for the future.

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Based on offering, the services segment held the largest market share in 2017, accounting for nearly two-thirds of the total market revenue and is expected to rule the roost by 2023. This segment is also anticipated to grow at the highest CAGR of 14.1% throughout the forecast period. The system segment is also discussed in the report.

By end-user, the commercial segment accounted for more than 90% of the global market share in 2017, and is projected to retain its dominance during the study period. However, the residential segment is projected to register the fastest CAGR of 16.5% from 2017 to 2023.

By region, North America held the highest share in 2017, accounted for more than one-third of the global market. However, the region across Asia-Pacific would showcase the fastest CAGR of 17.9% by 2023. The other regions assessed through the report include Europe and LAMEA.

The leading market players analyzed in the global energy management systems market report include Delta Electronics Inc., GrindPoint Inc., Johnson Controls International PLC, Siemens AG, C3 Energy, DEXMA, General Electric Company, Honeywell International Inc., Schneider Electric S.E., and Yokogawa Electric Corporation.

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