A Market Place Research – Page 2455

Hardware Encryption Market in U.S. | Business-Opportunities and Growing Rapidly with Significant Trends by 2026

Widespread adoption of Internet of Things (IoT) technology and cloud services and technological advancement in encryption chip are anticipated to usher a plethora of opportunities for the market players in the near future. Increase in consumer electronics such as smartphones and tablets, decrease in prices of hardware encryption devices, surge in regulatory compliances regarding protection of private & sensitive data, and rise in complexity & volume of data breaches and brute force attacks fuel the growth of the hardware encryption market.

Major market players such as – Micron Technology, Inc., NetApp, Inc., Samsung Electronics Co., Ltd., Seagate Technology LLC, International Business Machines (IBM) Corporation, Kingston Technology Company, Inc., McAfee, LLC, Symantec Corporation, Toshiba Corporation, and Western Digital Technologies, Inc.

The hardware encryption market in U.S. was pegged at $28.08 billion in 2018, and is expected to hit $259.12 billion by 2026, manifesting a CAGR of 32.4% from 2019 to 2026.

The U.S. hardware encryption market is segmented on the basis of algorithm & standard, architecture, product, application, and end use. Based on application, the market is divided into consumer electronics, IT & telecom, automotive & transportation, aerospace & defense, healthcare, and others. The consumer electronics segment held the largest share with nearly one-third of the market share in 2018.

Based on end use, the market is divided on the basis of industrial, commercial, residential, and government. The commercial segment dominated the market with the highest revenue share in 2018. At the same time, the industrial sector is expected to grow at a considerable CAGR during the forecast period.

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On the basis of algorithm and standard, the market is segmented into Rivest, Shamir, and Adelman (RSA), Advanced Encryption Standard (AES), and others. The Rivest, Shamir, and Adelman (RSA) segment held highest market share in 2018. On the other hand, the Advanced Encryption Standard (AES) segment is anticipated to manifest the highest CAGR during the forecast period.

Covid-19 scenario-

The lockdown across various countries encouraged companies to opt for work from home culture. This increased the need for organizations and individuals to focus on data protection, storage, and recovery.
Adoption of hardware encryption facilities during such unprecedented times enabled governments across the globe to quickly respond to the pandemic situation in a secured manner.

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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.

CBD Gummies Market Emerging Trends and Will Generate New Growth Opportunities Status 2029

CBD gummies are candies that contain Cannabidiol oil. They are available in different colors, shapes, and flavors with the concentration of CBD. CBD gummies are non-psychotropic, which means that they do not contain Tetrahydrocannabinol (THC). These dummies are used to relieve anxiety, depression, pain, inflammation, and induce sleep. The legalization of cannabis for medical and recreational purposes has increased the demand for CBD gummies. Cannabis is also used for the treatment of neurological disorders, and cancer.

COVID-19 Scenario Analysis:

COVID-19 has deeply impacted the global economy.

Where other industries are facing a downfall in the demand, the food and beverage industry has a high demand. An increase in the demand for frozen foods goods has affected the supply chain. The companies are having a hard time meeting the demand due to lack of supply. The supply networks are disrupted due to lockdown and restriction in transportation. The companies are using online platforms to meet the demand.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The increase of cannabis in the treatment and legalization of cannabis are the factors that drive the growth of the global CBD gummies market. Apart from that, diverse uses of cannabis and the growing interest of consumers toward cannabis edibles are the factors that boost the growth of the global market. Consumers are viewing alternatives for smoking cannabis, which has also increased the demand for CBD gummies. However, the effects of products and availability of substitute products restrains the growth of the global CBD gummies market. An increase in the awareness of consumers can replace the demand for unhealthy confectionaries with CBD gummies. The removal of THC from the product has greatly supported the demand for such products.

The global CBD Gummies market trends are as follows:

The companies are launching products that have a variety of fruit flavors with natural ingredients and no artificial colors or preservatives. The companies are also producing products that boost health. The manufacturers are focusing on providing CBD gummies with benefits for sleep, anxiety, and depression. For instance, Charlotte’s Web launched Calm Gummies, which contains L-theanine and lemon balm that helps in stress relief and focus on calmness.

Top Key Players: Aurora Cannabis Inc., Canopy Growth Corp., Dixie Brands Inc., Sunday Scaries, Green Roads CBD, CBD American Shaman LLC., CV Science Inc., Medix CBD, Reliva CBD Wellness, Elixinol Global Ltd.

Key Benefits of the Report:

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

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

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

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Skimmed Milk Market Set To Record Exponential Growth By 2024

Skimmed Milk Market by Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast by 2024″. The global skimmed milk market is projected to reach $16,498 million by 2024, registering a CAGR of 7.3% from during the forecast period. the confectionery segment accounted for more than one-fifth share of the global market in terms of value.

Skim milk is a type of milk, which is created by removing cream from milk. The modernized and quick way of making skim milk is to place the whole milk into a machine called a centrifugal separator, which spins some or all of the fat globules out of the milk. As cream has been removed from milk, it contains 0-0.5% of fat contents, usually has an average fat content of 0.1%. Skim milk is lower in calories as compared to other types of milk and it contains lactose, milk proteins, and minerals in the same relative proportions as the fresh milk from which it was made.

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Skim milk has slightly more calcium and protein when compared to full fat milk and has no added sugar. It is loaded with protein, calcium, phosphorous, vitamin D, and vitamin A, making it a source of high-quality complete protein. It helps build strong bones, teeth, and muscles, and also aids in healthy weight management. Owing to these beneficial nutrients and health benefits associated with skimmed milk, the demand for skimmed milk has increased significantly, thereby driving the market growth.

Skim milk is primarily used in confectionery foods in particular. Manufacturers use skimmed milk in its powdered form in baking recipes to enhance the tenderness of the food such as doughnuts, cakes, and bread. Adding skimmed milk powder to bakery and confectionery products renders the firmness thereby making them tender. It is also used while preparing chocolates, savories, baked sweets, and other confectionaries to improve flavor and water binding capacity allowing the bakery product to remain fresh longer. However, to make up for saturated fats, sugar is added to skim milk, which can lead to health issues such as diabetes and hypoglycemia. In addition, the dairy industry often adds dried milk powder to skim milk as protein fortification, causing the oxidization of the cholesterol in the milk. This leads to buildup of plaque in the arteries, inflammation in the body, and contribute to heart disease. These adverse effects of skim milk on human body limit the growth of the skimmed milk market. In addition, the increase in use of dairy alternative products prepared from milk, derived from various plant-based sources such as almond, soy, rice, coconut, and others also affect the growth of the skimmed milk market.

Moreover, the skim milk costs a little higher than the regular milk, which also hampers the growth of the market in the developing regions such as China & India as it has large price sensitive middle-class population. Casein and caseinates, which is widely as food ingredients in products such as dairy desserts, milk-based beverages, sports-nutrition, confectionery, meat products, and non-dairy creamers are generally prepared from skim milk by acid precipitation. Increase in use of casein and caseinates by food industry further fuels the demand for skimmed milk.

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The key players operating in skimmed milk market include Alpen Dairies, Amul, Arla Foods, Dairy Farmers of America Inc., Danone S.A., Fonterra Co-operative Group Limited, LACTALIS Ingredients, Nestle S.A, Saputo Inc., and Schreiber Foods Inc.

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Tracking-as-a-Service Market is Projected to Reach $6.50 Billion by 2030 – Exclusive Research Report by AMR

Tracking-as-a-service is an advanced tracking system intended to offer a competitive edge to stakeholders by predicting future trends through records and information related to investors, assets, and latest global developments. Furthermore, tracking-as-a-service based on a cloud platform is designed to help industries enhance day-to-day business activities and evaluate workflow within a company. Emergence of next generation tracking-as-a-service is a critical tool used to ensure an organization to achieve their objectives more effectively. Moreover, the retail and manufacturing sector is witnessing a rise in adoption in automation technology, owing to surge in demand for a cloud-based solutions such as tracking-as-a-service. This increase in demand for an enhanced fleet operator efficiency systems is expected to propel demand for tracking-as-a-service in the coming years.

Key market players such as – DataLogic S.P.A, Impinj Inc., Infor Co., Midmark Co., Mojix Inc., PCCW Solutions, Stanley Black and Decker Inc., Topcon Co., Trimble Inc., and Zebr technologies Co.

The tracking-as-a-service market size was valued at $1.20 billion in 2020, and is projected to reach at $6.50 billion by 2030, growing at a CAGR of 18.4 % from 2020 to 2030.

The key tracking-as-a-service market trends include emergence of eye-tracking system technology, coupled with surge in demand for next-generation smart technology such as real-time tracking systems across retail, healthcare, and manufacturing sectors. However, surge in privacy concerns due to electronic monitoring systems and low awareness among consumers regarding tracking-as-a-service technology serves as a major restraint for the market growth. Furthermore, hike in adoption of IoT-based technology is required to provide lucrative opportunities for the tracking-as-a-service industry during the forecast period.

The cloud-based software segment was the highest contributor to the market in 2020. The manufacturing assets and in-transit assets segments collectively accounted for around 59.9% market share in 2020.

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Surge in technological development in robotics and self-driven warehouses fuel the growth of manufacturing assets tracking system technology, thereby propelling the demand for the tracking-as-a-service technology.

Region-wise, North America holds a significant share in the tracking-as-a-service market as this region accommodates a major population of the globe. Adoption of real time locating system and electronic monitoring system across retail, healthcare, manufacturing, IT and Transportation sector is expected to propel the tracking-as-a-service industry in this region. Moreover, surge in demand for eye tracking system across automotive sectors in the North America is anticipated to boost the growth of the tracking-as-a-service market.

Emergence of COVID-19 has significantly impacted the tracking-as-a-service market growth. Delay caused for construction projects due to partial or complete lockdown in various regions of the world has significantly reduced demand for tracking systems during the pandemic in the year 2020. However, surge in demand for digital logistics and advanced supply chain systems from healthcare, retail, and manufacturing sectors is expected to drive the market by the end of 2021.

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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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Cannabis Food and Beverage Market Growth Revenue and Business Opportunities in Coming Years

Cannabis Food and Beverage Market by Product Type (Bakery Products, Chocolate, Cereal Bars, Candy, Beverages, Ice Cream, and Others), and Distribution Channel (Mass Merchandisers, Specialty Store, Online Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global cannabis food and beverage industry was estimated at $427 million in 2018 and is expected to hit $2.63 billion by 2026, registering a CAGR of 26.6% from 2019 to 2026.

Increase in production of recreational or medical cannabis in various countries and rise in demand for cannabis-based wellness drink fuel the growth of the global cannabis food and beverage market. On the other hand, shortage of supply in high-quality cannabis curbs the growth to certain extent. However, initiatives taken in legalizing cannabis-based food and beverage product, and surge in use of cannabis in various health disorders are expected to create a number of opportunities in the industry.

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Based on source, the bakery products segment contributed to one-fifth of the global cannabis food and beverage market share in 2018, and is expected to lead the trail till 2026. Launch of more innovative foods, in the bakery industry, made of cannabis is expected to drive the growth of the segment. The cereal bars segment, on the other hand, would cite the fastest CAGR of 28.5% during 2019–2026. Rise in purchasing power, which has immensely increased in the last few years, is likely to fuel the demand for cereal bars during the period.

Based on distribution channel, the specialty store segment accounted for more than two-fifths of the global cannabis food and beverage market share in 2018, and is anticipated to dominate during the estimated period. This is attributed to the rising affluent population in emerging countries such as the U.S., Canada, and UK. At the same time, the online stores segment would showcase the fastest CAGR of 29.1% throughout the forecast period. This is due to rise in Internet penetration across the globe.

Based on geography, North America garnered the largest share in 2018, holding more than two-fifths of the global cannabis food and beverage market. Canada has recently made cannabis legal and hence, many manufacturers are entering the cannabis food and beverages industry, which is penetrating the market with more products, thereby helping the cannabis food and beverages market to grow in this region. Simultaneously, the region across LAMEA would grow at the fastest CAGR of 28.1% by the end of 2026. With increase in production of cannabis from farming, manufactures are also welcoming the supply from the farmers and are inventing newer products with different attractive flavors, thus boosting the market growth.

The global market is fragmented with the presence of several market participants across various regions. The strong presence of private label brands is also giving tough competition to global players. The key players operating in global cannabis food and beverage market industry include Natural Extractions, Dixie Brands Inc., New Age Beverages Corporation, Coalition brewing, Beverages Trade Network, Lagunitas, General Cannabis Corporation, The Supreme Cannabis Company, Koios Beverage Corporation, and The Alkaline Water Company.

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Canned Salmon Market will Hit Big Revenues in Future

Canned Salmon Market by Nature (Wild and Farmed), Type (Fillet, Chunk, and Minced), and Sales Channel (Hypermarket/Supermarket, Specialty Stores, Online Channels, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.”According to the report, the global canned salmon industry was estimated at $3.19 billion in 2020, and is anticipated to hit $5.43 billion by 2030, registering a CAGR of 5.1% from 2021 to 2030.

Increase in land-based salmon farming, health benefits of canned salmon, and convenience of canned food to drive the growth of the global canned salmon market. However, dwindling wild salmon populations and environmental repercussions due to metal can manufacturing impede the market growth to some extent. Moreover, increase in the online presence of canned foods innovations in technology drive the market to pave the way for multiple opportunities in the industry.

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Based on nature, the farmed segment contributed more than two-thirds of the global canned salmon market share in 2020 and is anticipated to rule the market by 2030. This is due to salmon aquaculture which is the world’s fastest expanding food production system. Moreover, this segment is anticipated to register the fastest CAGR of 5.4% throughout the forecast period. The report also includes an analysis of the wild segment.

Based on type, the fillet segment accounted for nearly half of the global canned salmon market revenue in 2020, and is expected to lead the trail by 2030, owing to the fact that salmon fillets are considered to be the delicacy in different cuisines. The chunk segment, however, would register the fastest CAGR of 5.4% during the forecast period. The report also includes an analysis of the minced segment.

By region, Europe garnered the major share in 2020, contributing to nearly half of the global canned salmon market, owing to the higher availability of salmon products and canned salmon in the European countries and the demand for seafood is also higher in this region. However, Asia-Pacific is projected to grow at the highest CAGR of 7.9% from 2021 to 2030, owing to the growing adoption of meat-based diet because of factors such as changes in lifestyle and marketing of meat products in the region. North America is anticipated to grow at a CAGR of 4.1%.

COVID-19 scenario-

Due to imposed lockdown in the initial days of the pandemic, the demand for packaged food with longer shelf life increased, thus favored the demand for the canned salmon. Because of the lockdown across various countries, the sales of the canned salmon industry via brick and mortar stores have disrupted, however, the sales demand increased via online channels. However, as lockdown limitations are eased and logistics are improved in light of Covid-19 prevention efforts, the seafood industry is predicted to grow that is expected to increase in sales of fish products during the forecast period.

Some of the major players profiled in the canned salmon market analysis include Thai Union Group PCL, Maruha Nichiro Corporation, Tassal Group Limited, Bumble Bee Foods, LLC, Austevoll Seafood ASA, Crown Prince, Inc., Wild Planet Foods, Inc., Mitsubishi Corporation, Vital Choice Seafood & Organics, SPC, Trident Seafoods Corporation., Nippon Suisan Kaisha, Mowi (Marine Harvest), Dongwon Enterprise, Red Chamber Group, Skretting Cargill Aqua Nutrition, Kyokuyo, Charoen Pokphand Foods, Marubeni Corporation, Pacific Seafood, Cooke Aquaculture Inc., Schouw Co., Tri Marine Group, SalMar ASA

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Media and Entertainment Storage Market Ready to Hit $17,879.5 million by 2027, at CAGR of 13.7% Details Shared in the Report

Upsurge in demand for storage requirements is expected to create multiple opportunities in the near future. Increase in popularity of 4K UHD content, rise in demand for creation, distribution, and conversion of video content, increasing shift from traditional to digital advertising channels, rapid advances in areas including workflow collaboration, artistic creativity, and new distribution models across the media and entertainment industry, and surge in demand for media and entertainment storage due to the COVID-19 pandemic drive the growth of the global media and entertainment storage market.

Key market players such as – Cisco Systems, Western Digital, Dell EMC, IBM, Microsoft, NetApp, Oracle, Seagate Technology, Toshiba, and Amazon Web Services.

The global media & entertainment storage market was pegged at $6.63 billion in 2019 and is estimated to hit $17.87 billion by 2027, registering a CAGR of 13.7% from 2020 to 2027.

The global media & entertainment storage market is analyzed across component, storage solution, deployment type, storage medium, end user, and region. By component, the solution segment contributed to more than three-fifths of the global media & entertainment storage market share in 2019, and is projected to lead the trail by 2027. The services segment, on the other hand, would register the fastest CAGR of 15.5% during the forecast period.

Based on region, North America held the highest share in 2019, generating around two-fifths of the global media & entertainment storage market. Simultaneously, the market across Asia-Pacific would cite the fastest CAGR of 18.4% from 2020 to 2027. The other provinces discussed in the report include Europe and LAMEA.

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On the basis of storage solution, the direct-attached storage segment garnered more than two-fifths of the global media & entertainment storage market revenue in 2019, and is anticipated to retain its dominance by the end of 2027. At the same time, the network-attached storage segment would register the fastest CAGR of 16.9% throughout the forecast period.

Covid-19 scenario-

The worldwide broadcast is adjusting to put up with the disruptions across the content supply chain.
However, on the other hand, majority of the population across the world is seized in their homes in order to adhere to the quarantine mandates. This, in turn, has led to a steep increase in demand for streaming services and DVR recordings, thereby impacting the global media & entertainment storage market positively. This drift is likely to persist post pandemic as well.

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Global Instrument Transformers Market to Garner $13.0 Billion by 2030, States the Report by Allied Market Research

Allied Market Research published a research report on the instrument transformers market. The findings of the report state that the global market for instrument transformers generated $7.0billion in 2020, and is expected to garner $13.0 billion by 2030, witnessing a CAGR of 6.5% 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.

Eswara Prasad, the Manager, Energy, and Power at Allied Market Research, outlined, “The global instrument transformers market is expected to head toward expansion in the coming years. With increase in the significance of condition-based monitoring (CBM), the industry is witnessing steady growth. Further, manufacturers are focusing on the development of CBM technology in instrument transformers, which allows measurement of excitation levels, turn-ratios, and voltage and current accuracy, and further enables end-users to detect possibility of faults in it. Moreover, rise in investments to develop smart grids, which are further compatible with renewable energy, leads to increase innovation in technology, particularly in developed countries. Increase in investments in electrical power systems is expected to be a major driving force for the instrument transformer market.”

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The report offers an in-depth analysis of drivers, restraints, and opportunities to help market players in devising strategies and capitalizing on potential market opportunities. Increase in alternative energy programs, huge investments in smart grids and energy systems, and refurbishment of aging power infrastructure drive the growth of the global the instrument transformers market. On the other hand, rise in competition from the unorganized sector impedes market growth to some extent. However, rise in investments in transmission & distribution infrastructure and the adoption of HVDC technology for long-distance transmission would offer new opportunities for the next few years.

The research provides a detailed scenario regarding the impact of the Covid-19 pandemic on the instrument transformersmarket across the globe.The global lockdown imposed by various governments to curb the spread of the virus resulted in a temporary shutdown of manufacturing facilities of almost all industries. This factor hampered the consumption of electricity across the world, especially during the initial phase of the pandemic. The worldwide situation, on the other hand, is gradually improving, and the market is expected to recover soon.

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The report offers a detailed analysis of segments of the global instrument transformers market. These segments includetype, voltage, application, end user, and region. This analysis assists new entrants, investors, and market players as they can determine the fastest growing and highest revenue-generating segments for determining growth strategies for the next few years.

Based on type, the potential transformer segment is expected to grow with the highest CAGR of 6.9%during the forecast period.However, the current transformer segment dominated the market share in terms of revenue in 2020, accounting for more than two-fifths of the total market share, and is anticipated to continue its leadership statusfrom 2021 to 2030.

Based on voltage, the high voltage transmission segment led the globalinstrument transformers market share in 2020, contributing to more than one-fourth of the total market share, and is projectedto continue its leadership status during the forecast period. On the other hand, the distribution voltage segment is expected to witness the highest CAGR of 7.4% from 2021 to 2030.

Based on region, Asia-Pacific held the largest market share in terms of revenue in 2020, accounting for more than two-fifths of the total market, and is expected to continue its dominant share by 2030. Moreover, the same region is expected to grow with the fastest CAGR of 7.4% during the forecast period. The report also includes an analysis ofNorth America, Europe, and LAMEA.

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Leading players of the global instrument transformers market analyzed in the research include General Electric,ABB, Schneider Electric, CG Power and Industrial Solutions Ltd, Siemens, Mitsubishi Electric Corporation, Arteche, Instrument Transformer Equipment Corporation, Nissin Electric, and Bharat Heavy Electrical Limited.

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Big Data Analytics in Semiconductor & Electronics Market – Predicted to Grow at CAGR of 9.7% by 2027 with Revenue $42,103.8 Million

Big Data Analytics in Semiconductor and Electronics Market

Emerging trends such as social media analytics, surge in need to gain insights for business planning, and advanced process control analytics applications and trends in semiconductor manufacturing create new opportunities in the next few years. Rise in adoption of big data analytics software by multiple organizations, growth in demand for cloud-based big data analytics software, and various benefits provided by big data and business analytics solutions propel the growth of the global big data analytics in semiconductor & electronics market.

Major industry players such as – Amazon Web Services, Cisco systems, Inc., Dell EMC, Dr yield software & solutions GmbH, Galaxy semiconductor Inc., IBM corporation, Kx systems, Microsoft corporation, Onto innovation Inc., Optimalplus Ltd., Qualtera (Synopsys, Inc.), Rapidminer Inc., SAP SE, SAS Institute Inc., Splunk Inc., TIBCO Software Inc., XDM technology co., Ltd., and YieldHub.

The global big data analytics in semiconductor & electronics market garnered $16.70 billion in 2019, and is projected to generate $31.80 billion by 2027, growing at a CAGR of 8.6% from 2020 to 2027.

By region, Asia-Pacific, followed by North America, is projected to witness the largest CAGR of 9.2% from 2020 to 2027. In addition, this region also held the largest share in terms of revenue in 2019, accounting for more than two-fifth of the global big data analytics in semiconductor & electronics , and will maintain its lead position by 2027. Increase in adoption of big data analytics across electronics & semiconductor industry to improve productivity and strong presence of electronics manufacturing organizations in Asia-Pacific is boost the growth of the market in this province.

Based on component, the solution segment held the highest market share, accounting for nearly two-thirds of the total market share of the global big data analytics in semiconductor & electronics market in 2019, and will maintain its lead position during the forecast period. Most of the organizations have started adopting big data and business analytics software to manage the massive volume of data generated for meaningful insights and better informed decisions. This drives the growth of the segment. However, the services segment is estimated to grow at the highest CAGR of 10.4% from 2020 to 2027. This is attributed its adoption to ensure effective functioning of software and platforms throughout the predictive analysis process.

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Based on analytics tools, the dashboard and data visualization segment contributed to the largest share in 2019, accounting for more than one-fourth of the global big data analytics in semiconductor & electronics market, and is projected to maintain its dominant share throughout the forecast period. Organizations are largely investing in dashboard & data visualization tools to manage different unstructured data produced and left unused, which in turn is driving the demand for data visualization tools. However, the reporting segment is expected to manifest the fastest CAGR of 10.4% during the forecast period. This is attributed to increase in complexity and size of financial data, limited capabilities of existing spreadsheet solutions, and rise in cost of compliance.

Covid-19 Scenario

Increase in number of COVID-19 patients all over the globe and closing of workplaces and industries have decreased the adoption of big data and business analytics and preplanned investments.
At the same time, the industry has witnessed an increase in the adoption of cloud technology to assist the consumers across semiconductor & electronics industry to fight against the pandemic.
Several companies are also offering free and open data set tools to researchers and scientists for aiding them to develop COVID-19 solutions.

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Cryogenic Fuels Market to Generate $188.7 Billion by 2030, States the Report by Allied Market Research

Allied Market Research published a research report on the cryogenic fuels market. The findings of the report states that the global market for cryogenic fuels generated $105.6 billion in 2020, and is projected to reach $188.7 billion by 2030, witnessing a CAGR of 6.1% from 2021 to 2030. 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.

The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Development of carbon capture technologies, increase in number of M&A activities in the industrial gases industry, and implementation of rapid surface chilling process in the food industry fuel the growth of the global cryogenic fuels market. However, requirement of high initial investment for setting up cryogenic plant for large-scale production impede the growth to some extent. However, surge in number of space and satellite missions creates lucrative opportunities in the future.

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The report provides a detailed scenario of the impact of the Covid-19 pandemic on the cryogenic fuels market globally. The outbreak of the pandemic gave way to strict lockdown measures across the world, which in turn led to a steep decline in demand for cryogenic fuels from the manufacturing and construction sectors, thereby impacting the global cryogenic fuels market negatively. However, the market is projected to get back on track soon.

“The global cryogenic fuels market is expected to head toward expansion in the coming years, owing to rise in demand for cryogenic fuels from manufacturing and aerospace industry. The growing foreign direct investment and rapid industrialization across the developing economies such as China, India, and Brazil, have led to surge in setting up of various manufacturing or production units of various industrial verticals such as automotive, steel, and electrical & electronics across these countries. It is due to availability of raw materials and labourers at lower prices. Due to growing manufacturing industry across these developing economies, the demand for cryogenic fuels is expected to surge significantly during the forecast period. In addition, growing space exploration activities and launching new satellites from countries such U.S., China, Japan and India are likely to surge the demand of cryogenic fuels during the forecast period.” Said Eswara Prasad, Manager, Energy & Power at Allied Market Research.

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The report offers detailed segmentation of the global cryogenic fuels market based on product type, end-use industry, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.

By type, the liquid air segment accounted for the highest share in 2020, holding more than two-fifths of the total share, and is expected to dominate during the forecast period. However, the liquid hydrogen segment is expected to manifest the largest CAGR of 6.6% from 2021 to 2030.

By end-use industry, the manufacturing segment contributed to the major share in 2020, generating more than half of the global cryogenic fuels market. This segment is also projected to register the fastest CAGR of 6.5% from 2021 to 2030.

By region, Asia-Pacific garnered the major share in 2020, accounting for nearly two-fifths of the total share, and is projected to retain its dominance by 2030. This region is also expected to display the fastest CAGR of 6.6% throughout the forecast period.

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Leading players of the global cryogenic fuels market analyzed in the report include Air Water, Inc., Air Products & Chemicals, Messer Group GmbH, Maine Oxy, SOL Group, Mitsubishi Chemical Holdings (Taiyo Nippon Sanso), Air Liquide, Linde Plc (Praxair Technology, Inc.), Gulf Cryo, and Narco Inc.

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