“Robotic Process Automation Market to Reach USD 19.53 Billion by 2027 | Revolutionize Your Workflow Efficiency with the Power of Robotic Process Automation” 

Growth in adoption of RPA technology by organizations to enhance their performance, capabilities, and reduced operational costs due to ease in business processes, increased efficiency, and cost-effective and highly profitable operation provided by RPA drive the growth of the global robotic process automation market. However, data insecurity risk and less potential for RPA in knowledge-based business processes restrain the market growth. On the other hand, integration of new technologies with robotic process automation is anticipated to create new opportunities in the coming years. 

According to the report, the global robotic process automation market generated $1.63 billion in 2019, and is estimated to garner $19.53 billion by 2027, witnessing a CAGR of 36.4% from 2020 to 2027. 

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Covid-19 Scenario: 

➢ The growing digitalization and decreasing labor force is leading to an increase in demand for robotic process automation. 

➢ The manufacturing firms are highly investing in robotic automation processes in order to minimize the risks associated with Coronavirus. Moreover, the demand for robotic process automation is also anticipated to elevate post COVID-19. 

Based on component, the software segment accounted for the highest share in 2019, contributing to nearly three-fifths of the global Robotic process automation market, and is expected to maintain its dominant position based on revenue throughout the forecast period. This is due to the need for continuous improvement in the organizations with the help of automation. On the other hand, the service segment is expected to witness the highest CAGR of 38.2% from 2020 to 2027. The demand for RPA consulting or implementation services have grown remarkably across the world for the end-to-end automation in various processes of the enterprises. This drives the growth of the segment. 

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Based on industry vertical, the BFSI segment accounted for more than one-fifth of the global robotic process automation market in 2019 and is expected to continue its highest contribution during the forecast period. This is attributed to the growing need for automation of processes such as duplicating of accounts and account reconciliation, cleansing and updating of accounts, loan processing, and credit card processing to provide improved customer experiences.   

However, the healthcare & IT segment is estimated to portray the largest CAGR of 44.9% during the forecast period, owing to the exponential adoption of RPA in healthcare industry to make care delivery services more effective, efficient, and affordable. Additionally, the healthcare organizations are popularly using RPA to automate the flow of information from multiple EHRs (Electronic Health Records), finance & accounting systems, partner ecosystems, and payer portals without complex coding, which further augments the segment growth 

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Based on region, the area across North America accounted for more than two-fifths of the global robotic process automation market in 2019, and is expected to maintain its lead position during the forecast period. The majority of the retail industries and enterprises in this province are relying on robotic process automation to increase productivity and boost competitiveness. This factor drives the market growth in North America. However, region across Asia-Pacific is expected to witness the highest CAGR of 41.0% from 2020 to 2027.  The enterprises in this region are recognizing the productivity and efficiency gains from RPA, which is increasing the demand for robotic process automation in this region. 

Leading Market Players: 

➢ IPsoft Inc. 

➢ Celaton Ltd 

➢ Xerox Corporation. 

➢ IBM Corporation 

➢ UiPath SRL 

➢ arago GmbH 

➢ Nice Systems Ltd. 

➢ Automation Anywhere, Inc. 

➢ Pegasystems, Inc. 

➢ Blue Prism Limited 

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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. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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“Passive Authentication Market to Reach USD 4.09 Billion by 2027 | Enhancing Cybersecurity through the Implementation of Advanced Passive Authentication Solutions” 

Rise in demand for passive authentication in modern-day businesses, improvement in user accessibility, and time-saving benefits are factors that drive the growth of the global passive authentication market. However, issues regarding data confidentiality hinder the market growth. On the other hand, advanced passive authentication techniques and rise in issues of fraud detection and identification create new opportunities in the coming years. 

According to the report, the global passive authentication market generated $796 million in 2019, and is estimated to reach $4.09 billion by 2027, witnessing a CAGR of 22.7% from 2020 to 2027. 

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Covid-19 Scenario: 

➢ The need for passive authentication increased during the Covid-19 pandemic with adoption of the “work from home” strategy in organizations. Many organizations experienced process and security vulnerabilities in the remote working setting as cyber-attacks increased. 

➢ In addition, cyber threats, data thefts, and phishing attacks rose across the world during the pandemic. This gave rise to increased implementation of advanced passive authentication techniques. 

➢ Many market players launched advanced authentication techniques and identified verification factors that offer ease in use and convenience to users. 

Based on component, the solution segment held the highest market share in 2019, accounting for nearly three-fifths of the global passive authentication market, and is estimated to maintain its lead position throughout the forecast period. This is due to rapid technological advancements such as emergence of voice and facial biometrics for authentication and fraud prevention. However, the services segment is expected to portray the highest CAGR of 23.2% from 2020 to 2027, owing to a significant rise in cyber-crimes. 

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Based on region, North America accounted for the highest share in terms of revenue in 2019, contributing to nearly two-fifths of the global passive authentication market, and will continue its leadership status by 2027. This is attributed to rapid adoption of biometrics, behavioral analytics, and mobile technology. However, Asia-Pacific is estimated to witness the fastest CAGR of 24.8% during the forecast period, owing to increase in enterprises across the region that led to the need for effective security solutions. 

Based on industry vertical, the BFSI segment contributed to the largest share in 2019, accounting for nearly two-fifths of the global passive authentication market, and will maintain its dominant share in terms of revenue during the forecast period. This is due to increase in prevalence of cyber-crimes and rise in demand for data security worldwide. However, the healthcare segment is projected to register the highest CAGR of 27.8% from 2020 to 2027. This is attributed to integration of digital technologies in the sector that gave a huge scope to effective authentication methods. 

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Leading Market Players: 

➢ NEC Corporation 

➢ IBM Corporation 

➢ Cisco Systems Inc. 

➢ Gemalto 

➢ FICO 

➢ RSA Security LLC 

➢ Experian plc 

➢ Equifax Inc. 

➢ Nuance Communications Inc. 

➢ BioCatch Ltd. 

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

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. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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Automated Construction Equipment Market Top Factors Responsible for the Rapid Growth in the Coming Years

Automated construction equipment refers to machines and systems in the construction industry that are equipped with automation and autonomous capabilities to perform tasks typically carried out by human operators. These technologies aim to increase efficiency, productivity, safety, and precision in construction processes.

Automated construction equipment consists of automation technologies such as AI or IOT to perform all the general tasks as would be performed by any other conventional equipment. This equipment can be used for a variety of jobs, such as road construction, building construction, and tower erection. Furthermore, many companies offer automation kits, which can convert ordinary machinery into an automated machine. Moreover, the major user of this equipment is construction industry, be it for manufacturing plant construction or residential construction.

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Increase in private-public partnerships (PPPs) to promote infrastructural development is one of the important driving factors for infrastructural development. Consequently, this results in an increase in construction activities. PPPs have been successfully implemented in various countries, such as South Korea, and India. The boost in PPPs sparked investments through private channels that assist in boosting the infrastructure industry, thereby driving the demand and growth of automated construction equipment market.

Moreover, the remotely operable feature of automated construction equipment can keep workers safe in hazardous work environments. This is anticipated to boost the demand of automated construction equipment over the traditionally used equipment. Automated construction equipment assists in quick completion of work at relatively lower costs. This feature of greater efficiency and productivity of autonomous construction equipment is also boosting the demand for automated construction equipment.

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Major players in the industry are launching new products that have improved capabilities. Manufacturers are focused on improving overall functionality of the products. For instance, in June 2020, Volvo Autonomous Solutions launched a self-driving and electric-powered load carrier called TA15. This load carrier uses sensors such as GPS, lidar, and radar to move autonomously. This is aimed at strengthening product offerings by VOLVO to sustain the competition in automated construction equipment market.

Segmentation Based On:

By Production Type –          

Earth Moving Equipment
Material Handling Equipment
Building & Road Construction Equipment
Others

By Application Type –

Road Construction
Building Construction
Excavation
Site Monitoring
Others

By Region –

North America  (U.S., Canada, Mexico)
Europe  (Germany, UK, France, Italy, Rest of Europe)
Asia-Pacific   (China, Japan, India, Rest of Asia-Pacific)
LAMEA  (Latin America, Middle East, Africa)

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Agriculture Infrared Heater Market Astonishing Growth Rising Business-Opportunities With Immense Development to 2030

Agriculture infrared heaters are specialized heating devices used in agricultural settings to provide supplemental heat to crops, plants, livestock, or farm buildings. These heaters emit infrared radiation, which heats objects and surfaces directly without significantly heating the surrounding air.

Agriculture infrared heaters are the infrared heaters used in farming sector to keep the crops or animal shelters warm. These heaters are powered either by gas or electricity. Further, the use of agricultural infrared heaters has been instrumental in increasing the productivity of the crop.

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Around 40 % of global population has agribusiness as their occupation, and to increase their productivity of their crops and to gain the flexibility to grow an off-season crop the farmers are keen on using agriculture infrared heaters; thus, boosting the demand in agriculture infrared heaters market.. This trend is expected to increase the demand for agricultural products.

Moreover, another sector that uses agriculture infrared heaters is the animal husbandry sector, which requires these heater to keep their animals warm in the cold season, and recently a steady rise can be seen in this sector, hence increasing the demand for agriculture infrared heaters. However, high installation and maintenance cost of some types of infrared heaters is one of the restraining factors hindering the market growth. Contrarily, technological developments in agriculture infrared heater products such as adoption of automation, spot heating, and energy efficiency in products, is expected to boost the efficiency of the equipment and lower cost of agriculture infrared heater. This is anticipated to create lucrative opportunities for the growth of agriculture infrared heater market during the forecast period.

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Segmentation Based On:

By Product Type      

Gas type
Electric Type

By Application Type

Greenhouse
Farm-building Others

By Business Type     

Original Equipment Manufacturer (OEM)
Aftermarket

By End-user Industry          

Agriculture
Poultry Farming
Others

By Region      

North America  (U.S., Canada, Mexico)
Europe  (Germany, UK, France, Italy, Rest of Europe)
Asia-Pacific   (China, Japan, India, Rest of Asia-Pacific)
LAMEA  (Latin America, Middle East, Africa)

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Chitosan Market size is projected to reach $4.7 billion by 2027, growing at a CAGR of 14.5%: AMR 

According to the Chitosan 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 global chitosan market size was valued at $1.7 billion in 2019, and is projected to reach $4.7 billion by 2027, growing at a CAGR of 14.5% from 2020 to 2027. 

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. 

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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 Chitosan 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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Key Market Players 
primex ehf, golden-shell pharmaceutical co. ltd, kitozyme s.a, heppe medical chitosan gmbh, panvo organics pvt ltd, advanced biopolymers as, qingdao yunzhou biochemistry co., ltd, novamatrix, g.t.c. bio corporation, agratech international, inc 

The market report is analyzed across  
Source  
Shrimp 
Squid 
Crab 
Krill 
Others 

Application 
Water treatment 
Biomedical & Pharmaceutical 
Cosmetics 
Food and Beverage 
Others 

Analysis of COVID-19 impact 
The outbreak of the pandemic has had a massive impact on the majority of industries and the Chitosan 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 Chitosan 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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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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Crop Harvesting Robot Market Incredible Possibilities, Growth with Industry Study, Detailed Analysis and Forecast to 2030

Crop harvesting robots are autonomous or semi-autonomous machines designed to assist in the harvesting of crops in agriculture. These robots are equipped with various sensors, cameras, and robotic arms or grippers, allowing them to identify and pick ripe fruits, vegetables, or other crops.

Crop harvesting robots use advanced sensors, cameras, advanced computing, and other high-end technology for efficient harvesting of crops. The automatic harvesting robots use computer vision to detect and localize fruits or vegetables on trees, and then a robotic arm firmly grabs the fruit and plucks it off the tree without damaging the target fruit or the tree. The use of such robots brings efficiency and high productivity in the agriculture sector.

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Around 40% of the global population has agribusiness as their occupation, and in recent times, there has been rise in interest in autonomous vehicles in agribusiness. A rapid increase in global population is boosting the demand for agricultural products. As a result, the crop harvesting robot market is becoming more popular. Moreover, owing to automation, these robots are capable of eliminating the use of expensive labor, thus saving time and money. This feature is expected to drive the demand for crop harvesting robots.

The availability of a wide range of crop harvesting robots which can harvest crops such as grains and fruits and vegetables, This is a major factor driving the demand for crop harvesting robots in the market. However, the high upfront cost of acquiring these robots is one of the restraining factors hindering the growth of the crop harvesting robot market. Contrarily, technological developments in crop harvesting robot products such as adoption of cloud-based remote operation, use of the internet of things (IoT), artificial intelligence (AI), and others can boost the efficiency and productivity of the equipment. This is anticipated to create lucrative opportunities for the crop harvesting robot market growth during the forecast period.

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Key Segments Based On

By Harvesting Type        

Grain Harvesting Robots
Fruit & Vegetable Harvesting Robots

By Business Type            

Original Equipment Manufacturer (OEM)
Aftermarket

By End-user Industry     

Agriculture
Utilities

Regional Analysis:          

North America  (U.S., Canada, Mexico)
Europe  (Germany, UK, France, Italy, Rest of Europe)
Asia-Pacific   (China, Japan, India, Rest of Asia-Pacific)
LAMEA  (Latin America, Middle East, Africa)

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Behavioral Biometrics Market to Reach $3,922.4 Mn, Globally, by 2025 at 23.7% CAGR, Says Allied Market Research 

Increase in the number of online transactions, development of IoT landscape coupled with aggrandized need for enhanced security systems drive the growth of the global behavioral biometrics market. However, performance issues associated with behavioral biometrics solutions and lack of cybersecurity budget would impede the growth of the industry. Conversely, emergence of artificial intelligence in behavioral biometrics and expansion of the cloud-based solutions would create new opportunities in the industry in the coming years. 

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Among types, the gait analysis segment is projected to grow at the fastest CAGR of 27.5% through the forecast period, owing to in the inflow of investments in this technology and increase in the number of applications. On the other hand, the voice recognition segment dominated the global market accounting for about two-fifths share of market in 2017. It is anticipated to retain its dominance through 2025 due to significant adoption of voice biometrics solutions among users coupled with growing need for foolproof security techniques for technology-driven systems and high degree of accuracy offered by these solutions. The report also analyzes keystroke dynamics, signature analysis among other types. 

Among components, software segment accounted for the largest share in 2017, contributing 72% of the total market revenue and is projected to maintain its dominance through 2025. This is attributed to the fact that software can be upgraded and updated depending on the evolving nature of threats and vulnerabilities, which creates more applications among businesses. However, the service segment would grow at the fastest CAGR of 26.5% during the forecast period, owing to the ease of deployment of these services to ensure proper deployment and functioning of the software. 

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Among deployment modes, the on-premise segment grabbed the largest share of nearly 60% in 2017 and is expected to retain its dominance through 2025. This is because on premise-based solutions are widely adopted due to their numerous benefits such as enhanced security and better maintenance of servers as compared to cloud based solutions. However, the cloud-based segment would grow at the fastest CAGR of 27.6% from 2018 to 2025, this mode of deployment is preferred by business organizations due to numerous benefits such as cost-efficiency and flexible infrastructure. In addition, growing focus of various companies on the development of cloud-based solutions is expected to create opportunities in the market. 

Among industries, the BFSI sector contributed 27.1% of the total market share in 2017 and is expected to maintain its revenue lead throughout the study period. This is owing to the rise in cybercrimes and significant adoption of behavioral biometrics solutions for anti-fraud purposes. On the other hand, the healthcare segment is projected to grow at the fastest CAGR of 25.5% from 2018 to 2025, owing to the digitalization of healthcare data among institutions using advanced behavioral biometrics solutions. The report also includes retail & e-commerce, government & defense, and IT & telecom among other industry verticals. 

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Significant adoption of behavioral biometrics solutions for identity proofing among BFSI and other organizations have facilitated the identity proofing segment to garner more than one-third share of the market in 2017. The segment would dominate the market through 2025. However, the fraud detection and prevention segment would exhibit the fastest CAGR of 25.2% through the study period. Growing adoption of behavioral biometrics solutions for fraud detection and prevention to control and manage frauds has led to the growth of the segment. The other applications analyzed in the report include continuous authentication and risk and compliance management. 

The large enterprises segment held the largest share of 76.3% in 2017 and would maintain its revenue lead through 2025. This is due to the high digital security spending among these organizations and increased need for digital security due to the growing number of identity spoofing cases. However, the SMEs segment would grow at the fastest CAGR of 26.8% from 2018 to 2025, owing to the surge in adoption of behavioral biometric solutions and increase in ICT spending among these enterprises. 

The behavioral biometrics market in North America contributed more than one-third share of the total market in 2017 and would maintain its lead through 2025. This on account of the high adoption of behavioral biometrics solutions coupled with well-established BFSI industry and high ICT spending among organizations for data security solutions across the region. However, the Asia-Pacific region would register the highest CAGR of 26.5% from 2018 to 2025, owing to factors such as rise in security spending among government organizations, rapid penetration of smartphones in emerging economies such as China, Japan, India, Australia, and South Korea. The other regions analyzed in the study include Europe and Latin America, Middle East and Africa (LAMEA). 

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Key Market Players: 

► BehavioSec Inc. 

► BioCatch 

► EZMCOM Inc. 

► IBM Corporation 

► NEC Corporation 

► Nuance Communications, Inc. 

► NuData Security Inc. 

► Plurilock 

► Samsung SDS 

► SecuredTouch Inc. 

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

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

About Us: 

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

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests. 

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Graph Database Market Worth $3.37 Billion by 2026, Says Allied Market Research 

Increase in adoption of graph database market in the healthcare industry, rise in application areas, surge in requirement for enhanced response time & accuracy in finding out new data correlations, and rise in penetration of connected data to improve marketing performance drive the growth in the market. However, scarcity of technical experts and high initial expenditure restrain the market growth. On the other hand, upsurge in usage of virtualization in big data analytics and technological advancements in graph database would offer lucrative opportunities in the market. 

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Based on component, the software segment held the dominant market share, with nearly three-fourths of the total revenue in 2018, and is estimated to continue its leadership position by 2026. This is due to rise in need for innovative software as the traditional database management software are not able to handle the enormous amount of data. However, the services segment is expected to register the highest CAGR of 26.4% from 2019 to 2026, owing to adoption of services to ensure effective functioning of software and platforms during the process. 

Based on end users, the IT & telecom segment accounted for more than two-fifths of the total market share in 2018 and will maintain its lion’s share by 2026. This is attributed to need to achieve competitive advantage with the critical data sets that are graphs. However, the transportation & logistics segment is expected to register the highest CAGR of 34.5% from 2019 to 2026, owing to the rise in adoption of graph database technology for fast computation, localized door-to-door service of goods among sellers and buyers, and requirement to upscale their business to include the supply chain. 

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North America held the highest market share in terms of revenue in 2018, contributing for more than two-fifths of the total share, and is estimated to maintain its lead during the forecast period. This is due to high dependence on data and need to manage complex data sets. On the other hand, Asia-Pacific is expected to register the highest CAGR of 27.8% from 2019 to 2026, owing to rise in digitization, leveraging information-intensive technologies for gaining a competitive advantage, and utilization of emerging technologies such as IoT, mobility cloud, and others. 

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Key Market Players: 

► DataStax 

► Neo4j, Inc. 

► Franz Inc. 

► OrientDB 

► Oracle Corporation 

► Objectivity Inc. 

► MongoDB 

► Teradata Corporation 

► Stardog Union Inc. 

► Microsoft Corporation 

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Fire-retardant Treated Wood Market New Business Opportunities is Expected to Hit by 2032

Fire-retardant treated wood (FRTW) is a type of lumber or timber that has undergone a chemical treatment process to reduce its flammability and make it more resistant to fire. This treatment is important in construction and building applications where fire safety is a concern, such as in residential, commercial, and industrial buildings.

Quality of chemicals used for the treatment is one of the key factors, which decides the quality of fire retardant woods. Poor quality chemicals can compromise the wood quality and affect the performance, thus hindering the market growth. Exposure to moisture and corrosion further impacts the quality of fire retardant woods due to which extra precautions need to be taken during construction, which can be cost-driven. Use of these woods should be done according to the types.

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Interior woods should be used only for interior portion. It should not be used for exterior portion, as it is not treated for much moisture exposure and fungus. This factor can limit the variety of use. Direct contact with soil can be harmful for fire retardant woods, which requires careful warehousing and rise in cost of forestry equipment is raising the price of fire retardant woods. These factors together restrain the market growth.

Market Trends

  • Rise in demand for appealing infrastructure is a key driver of the fire retardant woods market. Demand of these woods has increased for interior and exterior decoration of houses, malls, and theaters.
  • Use of fire retardant woods has increased for residential construction, especially in high traffic areas. Owing to their fire resistant properties, they provide more time to escape during fire breakouts.

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Key Segments based On:

By Type –             

Interior Fire-retardant Wood
Exterior Fire-retardant Wood

By End User –     

Residential
Non-Residential

By Region –         

North America  (U.S., Canada, Mexico)
Europe  (France, Germany, Italy, UK, Rest of Europe)
Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
LAMEA  (Latin America, Middle East, Africa)

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Conrad Forest Products, Western Wood Preserving Co., Flameproof Companies, Lonza Group, RAM Forest Products, Quality Support, LLC., Great Northern Lumber, Chemco Organizations, Hoover Treated Wood, Westminster Industries Ltd.

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Adult Diapers Market is projected to achieve a market value of USD 38.2 Billion by 2032, reflecting a robust CAGR of 8.2%   

According to a new report published by Allied Market Research, titled, “Adult Diapers Market,” The adult diapers market size was valued at $17.6 billion in 2022, and is estimated to reach $38.2 billion by 2032, growing at a CAGR of 8.2% from 2023 to 2032. 

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Adult diapers are intended for people with incontinence, which is defined as uncontrollable urine spilling, and other conditions of a similar kind. The user’s movement level should be considered when selecting an adult nappy. For those who are busy and predictable in their daily needs, pants-style diapers work well. They can simply crouch down to place the nappy around their waist and up their legs.  If a customer has problems moving around or is bedridden, use tape-style diapers. Customers do not have to stoop over and lift their nappies with them. They are simple to put on while lying on the bed, with or without assistance, and they are simple to discard, hence creating the adult diapers market demand across the globe. 

However, when an aged person has major medical conditions like incontinence, chronic diarrhea, or dementia, the use of adult diapers has increased. One of the adult diapers market trends is branded adult diapers that have high-efficiency features and standards, which raises consumer interest in the product. Conversely, branded products have higher price tags. Private label producers use the pricing criterion to sell their products at a similarly lower price with similar features to those of branded goods. Because of this, the availability of private labelled products hampers the increase of overall value sales for branded adult diapers in the adult diapers industry 

On the other hand, the rising adoption of wearable technology across a variety of vertical consumer goods sectors has been one of the key factors driving the adult diapers market growth. The adult diapers market has recently been impacted by the linked device trend, which makes it more practical and cozy for its customers. For instance, wearing adult diapers has been developed by Simavita, one of the biggest businesses in the adult diapers market and is marketed as SMARTZ. With regards to health and welfare, the gadget offers a number of features and functions, including data on moisture, ambient temperature, managing pressure sores, falls, and other features. Therefore, the market for adult diapers has room to develop throughout the course of the forecast period if wearable technology is adopted. 

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Disposable diapers, which are absorbent hygiene items, are used by people with restricted mobility. If the patient is bedridden, bedsores and bumps will eventually appear if special care is not provided. It is recommended to use adult diapers to prevent unpleasant results and ease discomfort. These materials are often used in medical settings as well as in home healthcare procedures. Additionally, those who are elderly and have difficulty controlling their urination. In addition, those recovering from surgery who are restricted from getting out of bed for a while, those in certain professions whose duties necessitate a prolonged stay at the workplace, and those who are pregnant and have a similar problem will all need diapers. Hence, the demand for adult diapers is expected to propel the market. 

The adult diapers market is segmented on the basis of product type, end user, distribution channel and region. By product type, the adult diapers market is classified into pant type, pad type, tape type and others. Depending on end user, the market is categorized into women, men and unisex. By distribution channel, it is categorized into e-commerce and offline channel. By region, the market is analyzed in North America, Europe, Asia-Pacific, and LAMEA. 

Depending on the type, the pant type segment dominated the market in 2022, garnering around one-third of the market share; however, the tape type is expected to grow at the highest CAGR of 8.6% from 2023 to 2032. In addition, pants-style adult diapers have higher value sales among the widely used adult diapers on the global market. The product’s easy accessibility at fair prices is one of the key factors promoting the segment’s overall growth in terms of value sales. Adult diapers in design come in both disposable and reusable varieties. Manufacturers have been preparing to improve their product offerings by steadily enhancing product features and specifications as demand for these pant-style adult diapers has grown. It places strong emphasis on the use of contemporary technology and the usage of premium fabric materials. 

Depending on the end user, the women dominated the adult diapers market share in 2022, garnering around two-third of the market share. However, unisex is expected to grow at the highest CAGR of 8.7% from 2023 to 2032. In addition, the market for adult diapers has been continuously growing over time due to the increase of females experiencing urinary incontinence. In addition to pregnancy, ageing, stress, and urgency incontinence, there are other more variables that have had a significant impact on the increased need for female adult diapers are also getting more interested in reusable adult diapers in unique form because they are portable and allow for long-term use. Companies including Essity, Unicharm, and Kimberly-Clark are creating specialized female incontinence treatments in an effort to offer quality products to the clients. As a result of rising recognition of the importance of personal hygiene, the market for adult diapers is expanding. 

Depending on the distribution channel, the offline channel dominated the market in 2022, garnering majority of the market share; however, e-commerce is expected to grow at the highest CAGR of 8.3% from 2023 to 2032. In addition, the offline channel makes a wide variety of product portfolios from various market segments easily accessible to customers. With a wide variety of adult diapers and a presence both domestically and abroad, it is a well-run store . Customers can find niche products in these types of establishments that cater to specific market segments. As a result, the growth of offline channels in various areas opens lucrative opportunities for the growth of the adult diapers market. The demand for adult diapers is increased by the manufacturers’ promotion of their own goods through these channels and their encouragement of supermarket and hypermarket chains to stock them. 

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Region wise, Europe dominated the market in 2022, garnering a market share of 32.6%. Adult diapers are in high demand in the European market as a result of customers’ growing awareness of adult incontinence solutions. Germany is the country with the highest geographic demand for adult incontinence products, followed by the UK, France, Italy, and Spain. Germany’s population is ageing at one of the quickest rates in the world because of a combination of a lower birthrate and an increase in life expectancy. Older people consequently require more incontinence products. According to ec.europa.eu, 20.8% of Europeans will have some degree of urinary incontinence in 2021. As the prevalence of urinary incontinence among the global population rises, so does the demand for adult incontinence products. 

Some of the major players analyzed in this report are Tykables, Drylock Technologies NV, Linette, Nobel Hygiene Pvt. Ltd., Abena A/S, Attends Healthcare Products Inc., Rearz Inc., Kimberly-Clark Corporation, Principle Business Enterprises, Inc. and The Procter & Gamble Company. 

Key findings of the study 

  • By type, the pant type segment is estimated to witness significant growth, registering a CAGR of 7.9% during the forecast period.  
  • By end user, the women segment is anticipated to grow at a CAGR of 8.0% during the forecast period.  
  • By distribution channel, the offline channel segment is estimated to witness significant growth, registering a CAGR of 8.0% during the adult diapers market analysis.  
  • By region, Europe was the dominant region in 2022, occupying a major share of the market. 

Reasons to Buy this Adult Diapers Market Report: 

> Mergers and acquisitions should be well-planned by identifying the best manufacturer. 

> Sort new clients or possible partners into the demographic you’re looking for. 

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations. 

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene. 

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects. 

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge. 

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors 

Related Reports : 

Baby Diapers Market

Men Personal Care Market   

Hand Sanitizer Spray Market  

Home Care Service Market  

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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