A Market Place Research – Page 2714

Mining Drilling Services Market – Huge Growth Opportunities and Expansion till 2030

The mining drilling services market is projected to reach $4.4 billion by 2030, growing at a CAGR of 6.7% from 2020 to 2030.The demand for drilling services majorly depends on the exploration, production, and development activities conducted by mining companies, specifically with respect to commodities such as gold, copper, and other metals. Drilling services also comprise wide range of drilling technologies such as surface &underground diamond coring, reverse circulation, sonic drilling, and others.

The demand for drilling services is expected to increase in metal mining. This is attributed to rise in production of electric vehicles. As rise in production of electric vehicles fuels the adoption of lithium, which is used in the manufacturing of batteries. However, currently, the mining activities in Asia are hampered and the exports are disrupted due to COVID-19. Moreover, because of the quarantine measures, the supply chain is shattered across the global market, which is negatively impacting the market.

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The mining drilling services market is analyzed on the basis of mining type and region. On the basis of mining type, the market is fragmented into coal, metal, mineral, and quarry. On the basis of region, the market is analyzed across the U.S., Asia-Pacific, and rest of the world. According to the U.S. Geological Survey, U.S. mines produced nearly $82.2 billion in minerals in the year 2018. There is 3% increase in the mining production as compare to the production in the year 2017. This increase in mining and production activities in the region drives the growth of the U.S. drilling services market. China, India, Australia, and Indonesia are the top players in the coal production globally, which is driving the mining drilling services market growth in the Asia-Pacific region. Most of the coal produced in Asia-Pacific is utilized in the electricity production followed by the iron & steel industry, and other.

On the basis of mining type, the mineral segment accounted for the highest share in the market, more than half of market, in 2019. In addition, the metal segment accounted for one fourth market share. This is attributed to increase in the demand for lithium, and cobalt owing to rise in adoption of lithium from battery manufacturers. By region, Asia-Pacific accounted for the second highest share in the market; around 57.0% share in 2019. This is attributed to the presence of key players in the region

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The major player studied and profiled in the global mining drilling services Market are BoartLongyear, Ausdrill, Action D&B, PAMA, and Byrnecut Australia.

Covid-19 scenario:

During the coronavirus pandemic, the mining operations are carried out with the guidelines that have been issued on health screening, personal protective equipment, and social distancing.
The operations in the mining industry are carried out with minimum numbers of workers as lockdown restrictions ease off. Moreover, the supply chain has been impacted negatively during the lockdown.

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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.

Pharmacy Automation System Market Revenue To Register Robust Growth Rate During 2022-2030

North America and Europe are expected to dominate the global pharmacy automation system market during the forecast period, while the emerging countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities.

According to the report published by Allied Market Research, the global pharmacy automation system market size was valued at $5001 million in 2020, and is assessed to reach $11211 million by 2030, growing at a CAGR of 8.3% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, “North America and Europe are expected to dominate the global pharmacy automation system market during the forecast period, while the emerging countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities.”

COVID-19 scenario:

The World Health Organization (WHO) on January 30, 2020 declared COVID-19 outbreak a public health emergency of international concern. COVID-19 has affected around 210 countries across the globe. Owing to the COVID-19 pandemic, governments across the globe announced country-wide lockdowns as well as social distancing measures to prevent collapse of the healthcare system.

Key Findings of the Study

By product, the automated medication dispensing systems segment accounted for nearly half the shareof the pharmacy automation system market in 2020.
Region wise, Asia-Pacific is anticipated to grow at the highest CAGR of 10.4% throughout the forecast period.
In Europe, Germany accounted for approximately one-fourth share of the pharmacy automation system market, in 2020.
By end user, the retail segment accounted for less than one-third share of the global pharmacy automation market in 2020.

In 2020 North America has addressed the greatest market size in pharmacy automation market followed by Europe. In addition, factors such as surge in awareness related to benefits of pharmacy automation systems in the region and the presence of key players drive the growth of the market. In addition, Asia-Pacific is expected to exhibit the fastest growth rate.

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Major key players operating in pharmacy automation systems include Becton, Dickinson and Company, Omnicell Inc., Scriptpro Llc, Parata, Lonza, Baxter, Danaher, Capsa Healthcare, Cerner Corporation, and RX Safe

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Insight Engines Market Historical Development Analysis and Growth Forecast upto 2030

Insight engines are being used to extract useful information from large amounts of sophisticated and different data sources. It utilizes the ideas of natural language processing, which is helping companies to connect with the customers and understand their requirements. An insight engine contains a wider range of technologies to utilize all available data sources. These sources may be internal or external, structured or unstructured.

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It helps to deliver insights to consumers and improve the quality and extent of the search so the companies can make better decisions. Businesses take advantage of these systems in the workplace, especially developing technologies, such as chatbots and natural language processing, are becoming more and more common in the modern workplace. Such systems use the techniques of artificial intelligence to obtain the information, capture & collect current knowledge, and find relations between the widely dispersed information to convey detailed insights.

Company covered: International Business Machines Corporation, Microsoft Corporation, Oracle Corporation, Coveo Solutions Inc., Micro Focus International plc, Mindbreeze GmbH, Sinequa, Funnelback, Hewlett Packard Enterprise Co., Dassault Systems SE

The rapid adoption of the retail and consumer goods industry and increased adoption of digital technologies are the factors driving the growth of the insight engines market. In addition, adoption of the software by various industry verticals to increase their revenue is propelling the growth of the market. However, lack of proper infrastructure and troubles to process big data is hampering the growth of the market.

Furthermore, increased use of artificial intelligence to obtain the information, capture & gather existing knowledge and find relations between the data is providing lucrative opportunities to the growth of the insight engines market during the forecast period.

The North America region is expected to lead the insight engines market during the forecast period owing to the presence of key market players. Various businesses in the region are utilizing a lot of data and reports to extract valuable insights from those data warehouses. The introduction of rapid processing models enabled data to support data analytics, which is increasingly used in different types of organizations. Insight engines are being used to derive the data for analysis and reporting.

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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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Public Key Infrastructure Market Size to Cross $14.49 Billion by 2030, At a CAGR of 26.5%

Increased cyber-attacks during the Covid-19 pandemic and growing awareness about data privacy amongst users are expected to open new opportunities for the market players in the future. Rise in applications of public key infrastructure and increase in number of cyber fraud attempts have boosted the growth of the global public key infrastructure market.

The rising popularity of cloud-based solutions and changing IT infrastructure are the significant factors that are driving the growth of the global public key infrastructure market. The global public key infrastructure market was pegged at $1.40 billion in 2020 and is expected to reach $14.49 billion by 2030, growing at a CAGR of 26.5% from 2021 to 2030.

Key industry players – Thales, Entrust Datacard, Digicert, Manageengine, Microsoft, Hid Global, Google, Amazon Web Services, Appviewx, and Venafi

By region, the market across North America held the largest share in 2020, accounting for more than two-fifths of the market, owing to increase in need to ensure continuous compliance of data security across the enterprise. However, the global public key infrastructure market across Asia-Pacific is expected to register the highest CAGR of 28.1% during the forecast period, owing to rise in adoption rate of public key infrastructure solutions and services, increase in trust on online seller and customers, and surge sin instance of malware and file-based attacks.

By component, the services segment is estimated to portray the highest CAGR of 28.7% during the forecast period, as they offer support for the right functioning of software solutions. However, the hardware security modules segment held the largest share in 2020, accounting for more than one-third of the global public key infrastructure market, owing to rise in the frequency and complexity of data security threats.

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By deployment mode, the cloud segment held the largest share in 2020, contributing to around four-fifths of the global public key infrastructure industry, owing to paradigm shift in the deployment methods from on-premise to cloud-based models. However, the on-premise segment is expected to register the fastest CAGR of 28.7% from 2021 to 2030.

Covid-19 scenario:

The Covid-19 pandemic increased the demand for public key infrastructure due to rise in web and online engagement.
Moreover, organizations demanded security solutions to secure their online business operations and consumer data.
The pandemic compelled several brick-and-mortar store-based business to adopt online platforms, which increased the demand for public key infrastructure.

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Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

About Us:

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

Enterprise Asset Management Market Research Report and Unique Predictive Business Strategy By 2029

There are numerous drivers, restraints and opportunities that are shaping the future of this industry. The growing need for increasing the lifecycle performance of assets indicates that the future of enterprise asset management market is bright. On the other hand, with companies getting more dependent on physical infrastructure, which is capable enough to integrate process as well as information throughout asset lifecycle is highly responsible for driving the market.

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Advent of cloud deployment model and Big Data integration with enterprise asset management are likely to create business opportunities. However, high cost and lack of awareness has hindered enterprise asset management market growth to a greater extent. Regions such as AsiaPacific and Middle East and Africa would provide several opportunities in the enterprise asset management space owing to the rise in adoption rate.

The optimal lifecycle management solution that manages the assets of a company is termed as Enterprise Asset Management (EAM). Furthermore, the subjects covered by EAM consists of operations, design, and decommissioning of manufacturing plant amongst others. Switching to an enterprise asset management system helps enterprises reduce their maintenance costs.

Besides this, emergence of EAM has lowered the production costs, labor costs, boosted maintenance productivity and reduced equipment breakdowns. In simple terms, EAM solutions help business owners or enterprises with uptime, inventory maintenance as well as strategic planning. Moreover, the solution offers maximum visibility and control over important assets that affect business performance, compliance as well as risk.

Some of the major market players in the enterprise asset management industry include CGI Group Inc., IBM Corporation, Oracle Corporation, ABB Group, SAP SE, Schneider Electric, and more.

The market is segmented in terms of software applications, end use industry, services offered, size of organization and geography. In terms of software applications, the market is segmented into asset maintenance, repair & overhaul (MRO), non-linear assets, linear assets, and field service management. The market is also segmented based on the services such as managed service, training and support, and implementation service.

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The global enterprise asset management market is categorized based on size of organization into large enterprises, and small and medium enterprises (SMEs). The end use industries served by the enterprise asset management market include government and utilities, BFSI, healthcare, oil and gas, retail, transportation and others.

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Dialer Market : Key Factors That Are Leading The Demand Around The Global

The dialer is an application that is connected to a telephone line. These are used in call centers to automate the process of dialing external phone numbers. These are used by companies to increase their businesses. The major benefit of using dialers is that it helps improve efficiency and minimize talk time per hour (TTH).

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The increasing focus of companies on dialers to increase sales revenue is the primary growth factor of this market. In addition, the ability of these applications to assign live calls to available agents further propels the market growth. Moreover, imbedded features such as efficient algorithms to predict how long an agent will be on a call further drive the market.

However, answering machine detection issues restrain the market growth. The ability of dialers to provide functionalities such as call blending, which enables agents to respond immediately to incoming calls while they make outbound calls are added opportunities for the market.

Key players that operate in this market are Five9, Inc, Nuxiba Technologies Inc., redCloud, Inc, Voicent Communications, Inc, VanillaSoft, SafeSoft Solutions Inc, CallFire Inc, Ytel., InsideSales.com, and Double A Solutions LLC.

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The global dialer market is segmented on the basis of type, end user, and region. Based on type, it is divided into manual dialer, preview dialer, and predictive dialer. The end user segment includes government & public sector, banking, financial services & insurance (BFSI), telecommunication & ITES, and others. Based on region, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Barcode Software Market Growth Focusing on Trends & Innovations During the Forecast Period 2022 – 2029

Barcode software refers to the technology that enables users to design, create, and print barcode labels using static, serialized, or database driven data on inventory, product, and shipments. The software provides easy and fast billing, prescription management, purchase planning & purchase order management, online shortage management, and stock valuation.

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The global barcode software market is expected to register substantial growth in the near future, attributed to growth in need for real time data collection, the requirement of the accurate data unit, growing e-commerce market, and demand for effective store handling. However, factors such as high initial investment cost, damaging of barcodes, and data security concern are expected to restrain the growth of the market.

Comprehensive competitive analysis and profiles of major market players such as Bluebird Inc., Capterra Inc., Denso ADC, Datalogic S.p.A., OCR Canada Ltd., General Data Company Inc., Honeywell International Inc., Motorola Solutions, NCR Corporation, and Zebex Industries Inc are also provided in this report.

The report segments the barcode software market on the basis of type, application, industry vertical, and geography. On the basis of type, the market is bifurcated into 1D (one-dimensional), and 2D (two-dimensional). According to the application, the market is classified into the asset management, package tracking, employee attendance & time tracking, and others.

On the basis of industry vertical, the market is divided into Education, BFSI, Government, Healthcare, Telecom & IT, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Foam Plastics Market to Touch $123.7 Billion By 2027

Rise in demand for polyurethane foam in building insulation for energy conservation, consumption of polystyrene foam in construction, and comfort provided by polyurethane foam drive the growth of the global foam plastics market. However, stringent environmental regulations regarding use of flexible polyurethane foam hamper the growth of the market. On the contrary, production of bio-based polyols is expected to open new opportunities for the market players in the coming years.

The global foam plastics industry generated $102.0 billion in 2019, and is projected to reach $123.7 billion by 2027, growing at a CAGR of 3.3% from 2020 to 2027.

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Covid-19 scenario:

Building & construction, furniture & bedding, automotive, and packaging are the prime end users of foam plastics. However, the lockdown across various countries have negatively affected the growth rate of these sectors, which in turn, affected the demand for foam plastics.
The Covid-19 outbreak led to a decline in the economy due to halt of several industries, especially the supply chain and transport. This affected the demand for the product.
The disrupted supply chain, gap in demand-supply, and lack of raw materials have negatively affected the demand for foam plastics.
However, the production of foam plastics is estimated to rise steadily post-pandemic as the demand for protective packaging solutions has increased across several industries.
Manufacturers now aim to resume work in few countries including Canada, China, and India and are planning to rebound from the losses.

The polyurethane segment held the largest share

By type, the polyurethane segment held the lion’s share in 2019, accounting for more than one-fourth of the global foam plastics market. This is due to its key features such as lightweight enhanced cushioning and sealing, improved thermal insulation, environmental benefits including recyclability, reduction in wastage, and higher sustainability. However, the polyolefin segment to manifest the highest CAGR of 3.9% from 2020 to 2027, due to rise in use in various passenger car cushions, armrests, gasket seals, headrest, and cushioned instruments panels to create lightweight, durable, and fuel-efficient structure along with the scope of the broad application.

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The automotive segment to manifest the highest CAGR through 2027

By application, the automotive segment is estimated to register the highest CAGR of 4.0% from 2020 to 2027, due to increase in economy and rise in expenditure on commercial and luxury vehicles in emerging economies such as China, India, and Brazil. However, the building & construction segment dominated the market in 2019, contributing to more than one-third of the global foam plastics market, owing to growing construction spending, particularly in the emerging markets of Latin America and Asia-Pacific.

North America to register the highest CAGR by 2027

By region, the market across North America is estimated to manifest the highest CAGR of 4.2% during the forecast period, due to expansion of the residential construction sector across the U.S., Canada, and Mexico. However, the global foam plastics market across Asia-Pacific held the largest share in 2019, accounting for nearly half of the total revenue of the market. This is due to diverse end-user industries present in the region and growth in the industrial sector in the region.

Key market players

Alchemie Ltd.
BASF SE
Covestro
Hexion Inc.
Huntsman International LLC
Repsol
Sabic
the Dow Chemical Company
Total S.A.
Wanhua Chemical Group Co., Ltd.

Hydraulic Fluids Market to Hit $12.4 Billion By 2027

Surge in production of automotive, increase in popularity of mineral hydraulic fluids, and enhanced industrial infrastructure worldwide fuel the growth of the global hydraulic fluids market. However, fluctuating raw material prices restrain the market growth. On the other hand, increase in bio-based hydraulic oil production presents new opportunities in the next few years.

According to the report, the global hydraulic fluids industry garnered $9.1 billion in 2019, and is estimated to generate $12.4 billion by 2027, manifesting a CAGR of 6.8% from 2020 to 2027.

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Covid-19 Scenario

Industrial and transportation activities have been lessened due to lockdown implemented across various countries. This caused shortage of raw materials. As production activities have been hindered, the prices of crude oil have been lowered.
The demand for hydraulic fluids from various end-use industries such as automotive, oil & gas, construction, and others took the plunge during the lockdown as operations were shut down in these industries. However, the demand would increase as operations begin in full capacity.

The mineral oil segment to maintain its lead position during the forecast period

Based on type of base oil, the mineral oil segment accounted for the highest market share in 2019, contributing to more than three-fourths of the global hydraulic fluids market, and will maintain its lead position during the forecast period. This is attributed to increase in usage in heavy-duty commercial vehicles and railways. However, the bio-based oil segment is expected to witness the fastest CAGR of 8.8% from 2020 to 2027, owing to inclination towards biodegradable products.

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The oil & gas segment to maintain its leadership status throughout the forecast period

Based on end-use industry, the oil & gas segment accounted for the highest share in 2019, holding more than two-fifths of the global hydraulic fluids market, and will maintain its leadership status throughout the forecast period. Moreover, this segment is projected to portray the fastest CAGR of 7.1% from 2020 to 2027. This is due to extensive utilization in gas and steam turbines and gas compressors along with surge in overall industrial output.

Asia-Pacific to offer lucrative opportunities, North America to grow steadily

Based on region, Asia-Pacific held the highest market share in 2019, contributing to around two-fifths of the total share, and will continue its dominance in terms of revenue throughout the forecast period. Moreover, this region is expected to witness the highest CAGR of 7.0% during the forecast period. This is attributed to huge number of manufacturing facilities and relatively lower price of vehicles in comparison to developed regions such as North America and Europe. In addition, huge automotive production & sales in China and established automotive industry in countries such as Indonesia, Japan, and India supplement the growth. However, North America is expected to register the second-highest CAGR of 6.9% from 2020 to 2027.

Leading Market Players

Royal Dutch Shell plc.
Exxon Mobil Corporation
Dow
BP p.l.c
BASF SE
Total S.A.
Eastman Chemical Company
LUKOIL Marine Lubricants DMCC
Sinopec Limited
Chevron Corporation

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Metal Fiber Market to Touch $5.7 Billion by 2027

Rise in use of steel fiber in the construction industry and high demand for metal fibers in filtration application fuel the growth of the global metal fiber market. On the other hand, volatile prices of raw materials impede the growth to some extent. Nevertheless, developing consumer base in emerging economies is expected to create lucrative opportunities in the industry.

According to the report published by Allied Market Research, the global metal fiber market was pegged at $4.5 billion in 2019, and is anticipated to reach $5.7 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

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Covid-19 scenario-

The outbreak of Covid-19 led to huge disorders in industrial activities, which in turn decreased the demand for metal fiber significantly.
At the same time, the disrupted chemical industry supply chain impacted the global market for metal fiber negatively.
Nevertheless, government bodies in different countries are coming up with several relaxations on the existing dictums, and the market is projected to get back to its position soon.

The global metal fiber market is analyzed across type, end-use industry, and region. Based on type, the steel segment contributed to around one-third of the total market in 2019, and is anticipated to retain its dominance by 2027. The same segment would also showcase the fastest CAGR of 4.6% from 2020 to 2027.

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Based on end-use industry, the automotive segment accounted for nearly one-fourth of the total market share in 2019, and is projected to lead the trail by the end of 2027. Simultaneously, the aerospace segment would grow at the fastest CAGR of 4.8% throughout the forecast period.

Based on geography, Asia-Pacific held the major share in 2019, holding nearly one-third of the global metal fiber market. The same region would also manifest the fastest CAGR of 4.6% during the forecast period. The other regions covered in the report include Europe, LAMEA, and North America.

The key market players analyzed in the global metal fiber market report include Arcelor Mittal, Addas Group, Bekaert S.A, Kosteel Co. Ltd., Yutian Zhitai Steel Fiber Manufacturing Co., Ltd, Nippon Seisen Co., Ltd, Fibrezone India, Stanford Advanced Materials, Sarda Industrial Enterprises, and Green Steel Group. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

Know More: https://www.globenewswire.com/news-release/2021/01/14/2158838/0/en/Metal-Fiber-Market-Size-to-Reach-5-7-Billion-by-2027-CAGR-4-2-AMR.html