Augmented Reality in Retail Market to Reach USD 61.3 Billion by 2031 | Transforming Shopping Experiences with Cutting-Edge Technology 

The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market. 

According to the report published by Allied Market Research, the global augmented reality in retail market generated $2 billion in 2021, and is projected to reach $61.3 billion by 2031, growing at a CAGR of 41.4% from 2022 to 2031. 

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Covid-19 Scenario: 

➢ The outbreak of COVID-19 has had a positive impact on the growth of the global augmented reality, owing to the occurrence of lockdowns in various countries across the globe. 

➢ Lockdowns resulted in the closure of various manufacturing facilities, stores, shops, and others, which enabled companies to increasingly adopt augmented reality in the retail sector to offer an enhanced experience to customers. 

➢ In addition, people across the globe were required to stay indoors due to the stringent social distancing restrictions imposed by the government to significantly curb the spread of the virus during the pandemic. This subsequently increased the demand for remote operational tools, which in turn exponentially surged the demand for augmented reality in the retail sector. 

The report offers a detailed segmentation of the global augmented reality in retail market based on component, device type, application, retail type, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report. 

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Based on component, the hardware segment held the dominating market share in 2021, holding more than two-fifths of the global market. The software segment, on the other hand, is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 42.7% during the forecast period. 

Based on device type, the head-mounted display segment held the dominating market share in 2021, holding around two-fifths of the global market. The smart AR mirror, on the other hand, is expected to maintain its leadership status during the forecast period. Besides, the handheld device segment is expected to cite the fastest CAGR of 44.1% during the forecast period. 

Based on application, the advertising and marketing segment held the dominating market share in 2021, holding more than one-third of the global market, and is expected to maintain its leadership status during the forecast period. The information systems segment, on the other hand, is expected to cite the fastest CAGR of 44.0% during the forecast period. 

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Based on region, the market across North America held the lion’s market share in 2021, garnering nearly two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 44.0% during the forecast period. 

Leading Market Players: 

➢ Amazon.com, Inc. 

➢ Apple Inc. 

➢ Augment, Blippar Group Limited 

➢ Google Corporation 

➢ Holition Ltd. 

➢ Inter IKEA Systems B.V. 

➢ Imaginate Technologies 

➢ INDE, Kudan 

➢ Marxent Labs 

➢ Microsoft Corporation 

➢ PTC 

➢ Sephora USA  

➢ ViewAR GmbH 

➢ Wikitude  

➢ Zugara, Inc. 

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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. 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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Smart Cities Market to Reach USD 6061 Billion by 2030| Innovative Urban Transformation: How Smart Cities Are Reshaping Our Future 

According to a recent report published by Allied Market Research, titled, “Smart Cities Market by Component and Functional Area: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global smart cities market size was valued at $648.36 billion in 2020, and is projected to reach $6,061.00 billion by 2030, growing at a CAGR of 25.2% from 2021 to 2030. 

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Covid-19 Scenario: 

➢ The global COVID-19 pandemic caused significant lifestyle changes in many parts of the world, with severe supply chain disruptions and nationwide lockdown policies, which boosted the adoption of digital technologies.  

➢ People started using their digital devices (computers, mobile phones, and laptops, etc.) for almost every service that previously required them to leave their homes.  

➢ Trends such as shopping for groceries online, remote working, remote education, telehealth services, etc. were highly popularized during the period.  

➢ Such factors are predicted to aid in the demand for smart cities, as the fear of COVID-19 subsides and the world gets back on its tracks.  

➢ The need for sustainable infrastructure solutions in the modern urban environment is expected to fuel the growth of the global smart cities industry in the coming years. 

Depending on the component, the hardware segment dominated the smart cities market share in 2020, and is expected to continue this trend during the forecast period. The growth of the segment is attributed to the rising demand for IoT integrated everyday solutions. Moreover, initiatives by government and local authorities mandating installation of hardware-based smart components such as smart meters, etc., are further empowering the growth of the segment. 

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A smart city makes use of information and communication technology (ICT) technologies to increase its operational efficiency, improve its communication of information exchange with its citizens, and offer superior government service and public welfare. A smart city’s primary objective often is to optimize and manage the city’s various activities and promote economic growth while also increasing people’ quality of life via the use of smart technology and data analysis. In addition, the growth in digital transformation trends in the world, as well as emerging trends such as AI and IoT adoption, are expected to provide lucrative opportunities for market expansion during the forecast period.  

Furthermore, the key factors that drive the growth of the smart cities market include various government smart city initiatives, rise in need for better natural resource management in urban environments have boosted the growth of the smart cities market. In addition, the growth need for public safety and security has fueled the growth of the smart cities market. However, security concerns associated with smart cities and lack of funding & adequate infrastructure limit the growth of this market. Conversely, the emergence of artificial intelligence in smart cities and the rise in the IoT market & its application in smart cities are anticipated to provide numerous opportunities for the expansion of the market during the forecast period. 

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Region wise, the smart cities industry was dominated by North America in 2020 and is expected to retain its position during the forecast period, owing to the presence of a highly developed ICT sector and high spending, aiding the growth of the smart cities market. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to various government initiatives and digital transformation trends within the region, which is expected to fuel the market growth in this region. 

Leading Market Players: 

➢ Amazon Web services, Inc. 

➢ Cisco Systems, Inc. 

➢ Citrix Systems, Inc. 

➢ Datacom Group Ltd. 

➢ DXC Technology Company 

➢ Huawei Technologies Co., Ltd. 

➢ International Business Machine Corporation 

➢ Ivanti 

➢ Kyndryl Inc. 

➢ Microsoft Corporation 

➢ Nasstar 

➢ NetApp 

➢ NTT DATA Corporation 

➢ Nutanix 

➢ Oracle Corporation 

➢ Pure storage, Inc. 

➢ Softchoice 

➢ VMware, Inc. 

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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. 

Contact:  

David Correa 
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Water Pump Industry Share, Segments, Key Players, Regions and Forecast by 2031

The Water Pump Industry have been indispensable tools for countless industries and applications for centuries. From agriculture and construction to municipal water supply and wastewater management, water pumps play a pivotal role in ensuring the efficient movement of fluids. In recent years, the global water pump market has witnessed a transformative evolution driven by technological advancements, sustainability concerns, and increased demand for efficient water management solutions. This article explores the dynamics of the water pump market, highlighting key trends, challenges, and opportunities.

The global water pump market size was valued at $56.1 billion in 2021, and is projected to reach $86.3 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031

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Top Leading Companies

ATLAS COPCO, Baker Hughes, EBARA CORPORATION, Flowserve Corporation, Grundfos, Husqvarna AB, Kirloskar Brothers Limited, KSB Group, Sulzer AG, Xylem Inc.

As environmental concerns take center stage, there is a growing emphasis on energy-efficient and eco-friendly water pump technologies. Manufacturers are investing in research and development to design pumps that reduce energy consumption, minimize carbon footprint, and comply with stringent environmental regulations. The integration of Internet of Things (IoT) technology in water pumps has led to the emergence of smart pumping solutions. These pumps are equipped with sensors and data analytics capabilities, allowing for real-time monitoring and control, predictive maintenance, and optimization of water distribution systems.

Solar-powered water pumps are gaining popularity, especially in regions with limited access to electricity. These pumps harness solar energy to provide a sustainable and cost-effective solution for water supply in remote areas. Agriculture remains a significant driver of water pump demand, with farmers relying on pumps for irrigation and crop cultivation. The adoption of efficient and automated irrigation systems is on the rise, further boosting the market. Water scarcity issues in various parts of the world have put pressure on governments and industries to enhance water management practices. This has led to increased investments in water infrastructure, including pumps and related technologies.

The water pump market is a vital component of numerous industries, providing the essential function of moving fluids efficiently. This market has seen remarkable evolution in recent years, driven by factors such as urbanization, population growth, and technological advancements. Sustainability concerns have also played a pivotal role, pushing manufacturers to develop energy-efficient and eco-friendly pump solutions. Smart pumping systems equipped with IoT technology have emerged to optimize water distribution and maintenance. 

Key Findings of The Study

The report provides an extensive analysis of the current and emerging global water pump market trends and dynamics.  

Depending on the type, the centrifugal pumps has dominated the water pump market, in terms of revenue in 2021 and projected to grow at a significant CAGR during the forecast period.

By application, the oil and gas segment has registered the highest revenue in 2021.

Asia-Pacific is projected to register the highest growth rate in the coming years.

The key players within the global water pump market outlook are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the water pump industry.

The water pump market forecast analysis from 2022 to 2031 is included in the report.

In-depth global water pump market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.

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While energy-efficient pumps can lead to long-term cost savings, the initial investment can be substantial. This can be a barrier for smaller businesses or regions with limited budgets. Pumps require regular maintenance to ensure optimal performance. Neglected maintenance can lead to costly repairs and downtime. The water pump market is highly competitive, with numerous manufacturers vying for market share. Price sensitivity remains a challenge, as customers often prioritize cost over quality. Increasingly stringent environmental regulations necessitate compliance with energy efficiency and emissions standards, adding complexity to product development and manufacturing.

Opportunities for Growth

Investment in infrastructure projects, such as water treatment plants, wastewater management systems, and urban development, presents significant growth opportunities for the water pump market. As older pump systems become obsolete, there is a growing demand for retrofitting and upgrading existing systems to improve efficiency and reduce energy consumption. Developing economies with expanding industrial sectors and infrastructure needs offer untapped potential for water pump manufacturers. The increasing focus on water recycling and desalination technologies creates new avenues for water pump applications.

Additionally, solar-powered pumps are gaining traction, especially in regions with limited access to electricity. Agriculture remains a significant driver of demand, with pumps crucial for irrigation and crop cultivation. Despite challenges like high initial costs and price sensitivity, the water pump market continues to offer growth opportunities, particularly in infrastructure development and emerging markets. As the world grapples with water scarcity issues, the water pump market remains essential in ensuring efficient water management and distribution.

Regional Analysis:

The global Water Pump market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global Water Pump market share, and LAMEA is anticipated to secure a leading position during the forecast period.

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The water pump market is undergoing a dynamic transformation driven by technological innovation, sustainability initiatives, and evolving customer demands. As the world faces increasing water-related challenges, the role of water pumps in efficient water management cannot be overstated. Manufacturers who can adapt to these changing trends and address the associated challenges are poised for success in this evolving market. As the market continues to ride the waves of innovation, it will play a pivotal role in ensuring the sustainable and efficient use of our planet’s most precious resource: water.

About Allied Market Research:

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.

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Automotive Side Step Market to Eyewitness Massive Growth by Embracing Technological Advancements and Expanding Product Offerings.

Automotive side step enables easy entry and exit from vehicles. The side step is fitted at the at the bottom of the doors of the vehicle. It primarily reduces the gap or space between the ground and the vehicle to enable easy & comfortable entry & exit. Automotive side steps are made of different shapes & sizes in order to enhance their lifespan & durability. Changing preferences of customers toward heavy duty and multi utility vehicles is expected to fuel the demand of the automotive side step market in during the forecast period. Demand for automotive side step is significantly high in the aftermarket. However, the installation of after market automotive side step is difficult and expensive. High rate of adoption of latest technologies in North America and Europe is expected to drive the market for automotive side step in these regions during the forecast period.

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COVID-19 Impact analysis

Many companies have claimed that the disruption in the supply of components from various countries due to the outbreak of COVID-19 is estimated to impact the companies’ planned production. The ongoing COVID-19 in several countries has affected the supply of many components to companies manufacturing facilities. Almost every worker in every company has been affected due to the pandemic as there are jobs and salary cuts by companies. COVID-19 has forced the automotive industry to re-think its business. The premium segment is expected to revive soon in the market, but it is estimated to take a long time to get back on track for the entire market after the lockdown.

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Top Impacting Factors

  • Growing vehicle sales & production in emerging countries, changing preferences of customers toward heavy duty & multi utility vehicles, and technological development are driving the growth of the market.
  • Surge in demand for small & lightweight vehicles, and fluctuating prices of raw materials used in manufacturing side step is a key factor that is likely to hamper the demand of the automotive side step in the market.
  • Increasing per capita income and rising concerns about comfort among customers can be seen as an opportunity for the market investments.

The automotive side step market trends are as follows:

Fluctuating prices of raw materials used in manufacturing side step

The raw materials used to produce a side step consist of materials such as plastics, metal sheets, and plating material. The plating materials used is usually noble metals, the prices of which fluctuates in the market, which in turn causes variation in the price of the side step produced, restraining its growth in the market. The cost of metal regularly fluctuates in the market, further varying the cost of the side step. All these reasons restrain the growth of automotive side step market.

Growing vehicle sales & production in emerging countries

Vehicle sales and production is increasing in developing nations as a result of increased disposable income of consumers, rapid industrialization, and urbanization. Rapid technological advancements and infrastructure growth in developing countries has led to rise in demand for vehicles. Growth in the automotive side step market is directly proportional to the production and sales of vehicles. The average disposable income of people in developing countries has increased, owing to growing economies in developing countries, and has led to the higher standards of living of people in developing countries. This high growth in sales has led to an increase in demand for automotive side step. The vehicle parc volumes in the developing countries have also increased in past five years and are projected to continue growing. The primary reason for this growth is increase in average life of vehicles, and growing production and sales volume. The developing nation, owing to their higher vehicle parc volumes, becomes a potential opportunity for automotive side step after market.

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Key benefits of the report:

  • This study presents the analytical depiction of the automotive side step market 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 challenges of the automotive side step market.
  • The current market is quantitatively analyzed to highlight the automotive side step market growth scenario.
  • The report provides a detailed automotive side step market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the automotive side step market research report:

  • Which are the leading market players active in the automotive side step market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the automotive side step market?
  • What are the projections for the future that would help in taking further strategic steps?

Automotive Side Step Market Report Highlights

AspectsDetails
By ApplicationFront Door Rear Door
By ProductAluminum side step Steel side step Plastic side step
By Vehicle TypePassenger Vehicle Commercial Vehicle
By RegionNorth America  (U.S., Canada, Mexico) Europe  (France, Germany, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)
Key Market PlayersLund Truck Accessories, CURT Manufacturing LLC, AMP Power Step, Iron Cross Automotive, Mr. Kustom Chicago, Trail FX, Bryant Motors, Ionic Automotive, 4wheelparts.com, Raptor

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Hyperscale Data Center Market to Generate $585.0 Billion by 2030: Allied Market Research 

Increase in demand for data centers to improve productivity and customer experiences drive the growth of the global hyperscale data center market. In addition, need to improve the network operational efficiency positively affects the growth of the hyperscale data center market. On the contrary, high implementation costs of hyperscale data center solutions impede the market growth. However, increase in cloud dependence and industry 4.0 trends, are likely to provide lucrative prospects for hyperscale data center market expansion in the coming years. 

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Covid-19 Scenario: 

► During the pandemic, the entertainment and media industry assisted the hyperscale data center market growth. 

► The industry witnessed rise in viewing of online and digital content as a result of the Covid-19 outbreak, which was facilitated by the widespread usage of the internet and consumer electronic devices. 

The report offers detailed segmentation of the global hyperscale data center market based on component, user type, enterprise size, end user, application, and region. 

Based on component, the solution segment held the highest market share in 2020, accounting for around two-thirds of the total share, and is projected to maintain its leadership status during the forecast period. However, the service segment is estimated to grow at the fastest CAGR of 27.6% from 2021 to 2030. 

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Based on user type, the cloud providers segment accounted for the largest share in 2020, contributing to more than three-fifths of the global hyperscale data center industry, and is expected to maintain its lead position during the forecast period. However, the enterprises segment is projected to portray the highest CAGR of 30.3% from 2021 to 2030. 

Based on region, North America contributed the highest share in 2020, accounting for nearly two-fifths of the total share. However, Asia-Pacific is projected to manifest the largest CAGR of 30.7% during the forecast period. 

The report has offered an all-inclusive analysis of the global hyperscale data center market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth. 

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance. 

The report presents in-depth insights into each of the leading hyperscale data center market end user verticals along with annual forecasts to 2030. The report provides revenue forecast with sales, and sales growth rate of the global Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance. 

Key Market Players: 

► Nlyte Software 

► International Business Machines Corporation 

► Cisco Systems, Inc. 

► Cavium, Inc. 

► Hewlett-Packard Company 

► Intel Corporation 

► Mellanox Technologies, Inc. 

► Ericsson 

► Avago Technologies 

► SanDisk Corporation 

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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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Global Data Science Platform Market to Reach $79.7 Billion by 2030: Allied Market Research 

Advancements in big data technology, emphasis on collecting & using data for decision making, and a surge in reliance on machine learning drive the growth of the global data science platform market. However, high investment cost and issues related to data privacy, security, & reliability hinder the market growth. On the other hand, surge in adoption of cloud-based solutions & services present new opportunities in the coming years. 

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Covid-19 Scenario: 

► Various organizations adopted the work-from-home culture due to lockdown measures. This created the demand for data science platforms to manage critical information of organizations. This presented lucrative opportunities for market growth. 

► Moreover, governments in numerous countries adopted data science to avail real-time data on coronavirus cases and gain actionable insights from the data. 

The report offers detailed segmentation of the global data science platform market based on component, application, industry vertical, and region. 

Based on components, the platform segment contributed to the highest share in 2020, accounting for more than three-fifths of the total market share. However, the services segment is projected to manifest the highest CAGR of 37.9% from 2021 to 2030. 

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Based on industry vertical, the BFSI segment held the largest share in 2020, accounting for around one-fourth of the global data science platform market. However, the healthcare segment is estimated to witness the largest CAGR of 36.8% during the forecast period. 

Based on region, North America accounted for the highest share in 2020, contributing to around half of the total market share, and is projected to continue its leadership status by 2030. However, Asia-Pacific is projected to portray the fastest CAGR of 35.8% during the forecast period. 

 
The report has offered an all-inclusive analysis of the global Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth. 

Key drivers that are propelling the growth of the global data science platform market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance. 

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The report presents in-depth insights into each of the leading global data science platform market. end user verticals along with annual forecasts to 2030. The report provides revenue forecast with sales, and sales growth rate of the global Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance. 

Key Market Players: 

► TERADATA CORPORATION 

► SAP SE 

► RAPIDMINER INC 

► SAS INSTITUTE INC. 

► INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM CORPORATION) 

► THE MATHWORKS INC 

► MICROSOFT CORPORATION 

► ALTREYX, INC. 

► FAIR ISSAC CORPORATION (FICO) 

► DATAIKU SAS 

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Automated Truck Loading System Market is Thriving Worldwide with Growing Demand for Efficiency and Safety in Logistics Operations.

Automated truck loading systems (ATLS) has been commonly used in the material handling industry to refer to the automation of loading or unloading trucks and trailers. Automatic loading and unloading systems are built to speed up a standard process that happens in every production and warehousing location. Typically, the forklift process of loading a full trailer will usually take about 30 minutes to unload a truck manually, depending on the type of products and their weight. Automating this operation could cut this time to under 10 minutes.

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Automatic truck loading and unloading systems have become the ideal solution for improving agility and safety during the goods receipt and dispatch process at the warehouse docks. One ATLS unit can service an unlimited number of doors, loading up to 120 pallets an hour in every possible load pattern. Logistics costs account for the main part of total costs, which has led to a shift in focus to more economical and efficient logistics processes.

Manufacturers are looking into the improvement of production efficiency as a means to gain a competitive edge, as well as to achieve operational excellence. Introduction of automation in logistics improves process and flexibility with high efficiency. In addition, increase in adoption of industry automation, coupled with industry 4.0 technologies further fuel the market growth in this prevalence.

COVID-19 Impact analysis

The outbreak of COVID-19 pandemic led to unavailability of workforce. In addition, the industry witnessed disruptions in the manufacturing operations and supply chain management. This has significantly impacted the automated truck loading system market. COVID-19 crisis is creating uncertainty in the market by slowing down the supply chains, hampering business growth, and increasing panic among the customer segments. Fleet operators are expected to focus on the working capital management and there are very less chances for heavy investment in advanced technology. However, there are most probable chances of sales momentum for the smart fleet management technology, owing to its operational feasibility to attain safety measure along with cost-effectiveness of the operations. In the COVID-19 health crisis scenario, key players are entering into contracts and agreements to hold long-term business opportunities. These long-term contracts are beneficial for smart fleet management technology providers and end users or fleet operators. However, as the trend of contactless and effective logistics infrastructure is increasing, the market is anticipated to exhibit remarkable growth rate in the future.

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Top Impacting Factors

  • Rising labor costs, developing infrastructure and rapid growth of e-commerce market are driving the growth of the market.
  • High capital investment required to install ATLS is expected to hamper the growth of the market.
  • Adoption of autonomous vehicles, developing infrastructure and growing economy can be seen as an opportunity for the market investments.

The automated truck loading system market trends are as follows:

Adoption of autonomous vehicles

Autonomous truck loading plays a vital role in automated logistics processes. Companies such as Google and Tesla have made significant advances in logistics technologies. The future of logistics will include large automated truck loading system that assist in the delivery of goods to distribution centers. Autonomous forklifts will be responsible for the unloading of packages using a network of conveyor belts and robot arms. Tesla, a leading manufacturer of electric vehicles, is undertaking measures to introduce fully automatic truck loading system. Similarly, companies such as Amazon and UPS are investing in the development of automate delivery processes. Thus adoption of autonomous vehicles will help in the growth of automatic truck loading market.

High capital investment required to install ATLS

The automation of truck loading operations requires high capital investment. The setting up of large-scale automated warehouse facilities involves the installation of automation equipment, software, and solutions, which incur heavy expenses. It is not viable for several companies to replace their existing logistics processes due to the high cost of new and advanced systems. Automation systems used in industries require maintenance and upgrades occasionally, involving high capital re-investments. Thus, companies with limited financial resources are unable to opt for automation systems, thereby acting as a restraint to the growth of the automated truck loading system market.

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Key benefits of the report:

  • This study presents the analytical depiction of the automated truck loading system market 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 challenges of the automated truck loading system market.
  • The current market is quantitatively analyzed to highlight the automated truck loading system market growth scenario.
  • The report provides a detailed automated truck loading system market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the automated truck loading system market research report:

  • Which are the leading market players active in the automated truck loading system market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the automated truck loading system market?
  • What are the projections for the future that would help in taking further strategic steps?

Automated Truck Loading System Market Report Highlights

AspectsDetails
By Loading DockFlush Dock Enclosed Dock Sawtooth Dock Climate Controlled Dock Others
By System TypeChain Conveyor System Slat Conveyor System Belt Conveyor System Skate Conveyor System Automated Guided Vehicles Others
By IndustryAviation Cement Paper FMCG Automotive Warehouse and Distribution Others
By RegionNorth America  (U.S., Canada, Mexico) Europe  (France, Germany, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)
Key Market PlayersBEUMER Group GmbH And Co. KG, Asbreuk Service B.V., Cargo Floor B.V., HAVER And BOECKER OHG, Joloda International Ltd., ATLS Ltd, GEBHARDT Fördertechnik GmbH, Actiw Oy, CandD Skilled Robotics Inc., Ancra Systems B.V.

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Modular Trailer Scope for Market: Size, Share, Trends, Growth, and Revenue Projections by 2032

Modular trailer is unpowered vehicle towed by a powered vehicle with the help of a hitch. The trailer consists of a series of special vehicles used in various industries for transportation of heavy and large cargos. The trailers are used in power stations, iron & steel, chemical, mining, and construction industries. Due to their lateral stability the trailers are used for mining. The trailers are controlled using computer software to create an axel line.  According, to the industry requirements the trailer comes in two, three, four, five, and above axle models. The rise in infrastructure activities in developing countries act as an important growth driver for modular trailer. Thus, modular trailer market is expected to grow in energy, power, and construction industries. Also, rise in mining industries and changing use of wind energy to install more power generating equipment is predicted to enhance the market growth.

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The two-axle trailer have the highest demand and are available in wide range of sizes and weight carrying capacities, it is highly used for transportation of large equipment.  Modular trailer is also used for transporting large bridge segments, concrete beans, construction machinery, house movement, etc. This rise in infrastructure activities is expected to drive growth of the modular trailer market.

COVID-19 Impact Analysis:

Due to COVID-19 pandemic the government in all the countries-imposed lockdown and various other restrictions. Therefore, all the construction and mining activities were halted during the lockdown. Thus, the demand for transportation of goods and equipment was also disrupted. Since, the pandemic the economy of major countries fell down thus, a number of construction projects were stopped for an extended period of time. Also, due to travel restrictions goods were not able to be transported thus a lot of projects got delayed. Moreover, due to pandemic and lockdown there was unavailability of skilled labour for handling the trailers and drivers for truck has affected the market. Furthermore, the supply chain and production process of trailer has been slowed down for various industries. Modular trailer is an evolving sector, but its growth has been affected due to the pandemic.

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Top Impacting Factors

  • Rise in heavy engineering, construction & mining, rise in freight transportation, and diversification of wind energy industry is expected to drive growth of the market.
  • However, high maintenance cost and lack of skilled & qualified driver can hamper growth of the market.
  • Rise of investment in infrastructure developments, rise in new technological advancements, and inclination towards developing countries to enhance customer base act as an opportunity for growth of the market.

Market Trends

Rise in heavy engineering, construction & mining

Heavy engineering is estimated to be fast growing segment for modular trailer market. Large number of heavy engineering equipment such as steam generators, boilers, and others are transported via modular trailers. Also, trailer can transport already built sections to places where it is to be installed and shift equipment. For instance, in July 2019, TII SALES Transporter Industry International Sales GmbH & Co. KG, launched new Tiiger Smart Duty which is modular trailer having a capacity to lift loads to 240 tonnes on public road and industrial region. The trailer has 53-degree steering angle and hydraulic pendulum axle which make it lighter and resilient. It can carry construction machinery, concrete grinders, and others. The rise in construction and industrial activities is expected to drive growth of modular trailer market

High maintenance cost

The modular trailers are very costly and different trailer assembly is required for different purpose thus the investment cost it quite high. Also, the maintenance cost incurred for the trailers is very high. On an average, the productive life of a new trailer is about 15 years, if maintained appropriately. The cost of air ride suspension used in modular trailer is higher than conventional trailers. The maintenance cost increases when the suspension is used for three years and after. Thus, the high-cost act as a barrier for market growth. 

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Key Benefits of the Report:

  • This study presents the analytical depiction of the modular trailer market 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 challenges of the modular trailer market.
  • The current market is quantitatively analyzed to highlight the modular trailer market growth scenario.
  • The report provides detailed modular trailer market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the modular trailer market research report:

  • Which are the leading market players active in the modular trailer market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the modular trailer market?
  • What are the projections for the future that would help in taking further strategic steps?

Modular Trailer Market Report Highlights

AspectsDetails
By TypeMulti-Axle Telescopic/Extendable Lowboy Trailer
By Axles2 Axles >2 Axles
By ApplicationConstruction & Infrastructure Mining Wind & Energy Heavy Engineering
By RegionNorth America  (U.S., Canada, Mexico) Europe  (France, Germany, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)
Key Market PlayersFaymonville, K-Line Trailers Ltd., Shandong Titan Vehicle Co. Ltd., Nootebook, Goldhofer, Tidd Ross Todd Limited, Hugelron Tech Co. Ltd., VMT Industries, TII SALES Transporter Industry International Sales GmbH & Co. KG, Demarko Trailers

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Gym Accessories Market Expected to Reach $12.01 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Gym Accessories Market,” The Gym Accessories Market Size was valued at $6.51 billion in 2021, and is estimated to reach $12.01 billion by 2031, growing at a CAGR of 6.2% from 2022 to 2031. 

Gym accessories include specialized support products that are designed to boost performance during and increase recovery speeds after physical activities like athletics, workouts, or bodybuilding as well as products that are used for refreshments, entertainment and nutrition intake during the workouts. These products are used during physical activity to provide support and maintain proper forms and angles of the body during strenuous physical activities to reduce muscle stress, hyperextensions, and muscle and joint fatigue.

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Increase in prevalence of obesity and rise in health consciousness majorly boost the growth of the global gym accessories market. Furthermore, surge in number of gym memberships, rise in sale of in-home equipment, upsurge in urban population, and increase in government initiatives to promote healthy life fuel the adoption of fitness equipment. However, high price of fitness equipment hampers the market growth.

On the contrary, improvement in lifestyle, increase in youth population, and rise in per-capita income in the developing countries are the factors anticipated to provide lucrative opportunities for the market growth. Increase in penetration of various online portals in the developing regions and rise in number of offers or discounts attract consumers to purchase gym accessories through online channels. Moreover, online sales channel increased the consumer reach owing to which it has evolved as a key source of revenue for many companies. Furthermore, the online sales market is expected to expand in the near future due to rapid growth in online and mobile user customer bases in the emerging markets. Increase in e-commerce sales, improvements in logistics services, ease in payment options, and the facility to enter in new international markets for major brands further augment the growth of the gym accessories market.

The number of social media users has increased considerably with rise in internet penetration. Taking this into consideration, most of the key players in the gym accessories market strategize on promoting their products and services on these social media platforms. Social media marketing is one of the major strategies adopted by various companies and industries on imparting awareness about their product offerings among the target customers on social media channels. Thus, through social media marketing strategy, the global gym accessories market sights critical Gym Accessories Market Opportunity in gaining traction and increasing its customer reach among its target segments. However, high price of gym accessories leads to increase in demand of reused fitness equipment, which limits the gym accessories market growth. To reduce cost, new start-up gyms and fitness centers as well as in-house arrangements prefer the use of resale products. This gGym Accessories Market Trends is observed especially in the developing countries where small gyms procure used equipment from large gyms and fitness centers. This results in equipment failure within a short span of time, thereby disappointing their potential members. Moreover, it hampers the sale of new gym accessories, which in turn restrains the growth of the global market.

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The gym accessories market is segmented into type, end user, distribution channel, and region. By type, the gym accessories market is classified into abs straps, belts, wrist wraps, heart rate monitor, blood pressure monitor, exercise balls, and others. Depending on end user, the market is categorized into home, apartment, health club/gym, hotel, corporate office, and public institution, hospitals & medical center. According to distribution channel used for gym accessory sales, the market is segmented into online and offline channels.. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Japan, Australia & New Zealand, South Korea, ASEAN and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, Turkey, South Africa, and rest of LAMEA).

According to the Gym Accessories Industry players, the major obstacle attributed to the pandemic was the disruption of the supply chain. Furthermore, all the Distribution Channel s were nearly shut down in the first quarter of the pandemic. However, online channels such as amazon and flipkart were delivering the products. The key players included in the Gym Accessories Market Analysis are Icon Health & Fitness, Torque Fitness, Core Health & Fitness, Naitilus, Inc, Techno gym S.p.A, Peloton Interactive, Antasports, Lifefitness, Aerofit, beingstrong, sfhealth, jeraifitness, Proform, Fitness World AS, Hammer Sport AG, and Rogue Fitness.

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Key findings of the study

  • On the basis of type, belts segment had the major Gym Accessories Market Share and is likely to remain dominant during the gym accessories market forecast period.
  • By end user, processed health club/gym dominated the market and is likely to remain dominant during the forecast period.
  • By distribution channel, online channel is likely to be the fastest growing segment during the forecast period.
  • On the basis of region, Asia-Pacific is likely to be the fastest growing region during the forecast period.

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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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Ship Searchlight Market – An Emerging Hint of Opportunity

Depending on the application, different types of ship searchlights are used. Sealed beam halogen lamps are common marine searchlights, while advanced searchlights such as advanced dual halogen sealed beam lamps and LED searchlights have high intensity but are not cost-effective. Day signaling searchlight can also be used for signal transmissions and morse signals, allowing ships to communicate without radio. Searchlights are used for various purposes in the maritime industry. Searchlights are used for navigation purposes, e.g., to identify routes and ship buoys. They also support the search for missing people at sea and allow dangers such as icebergs to be detected at an early stage.

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Technological advances in ergonomics manage the harsh marine environment by providing weather-proof, salt-water and corrosion-resistant structures to support the adoption of ship searchlights. The accessibility of remote electric panels with joystick regulator, manual and remote control, heavy-duty casting, hand-held and deck mounting facilities have increased the options for deployment among end users. At present, the adoption rate of halogen and xenon type marine searchlights is in a leading position in sales. The market is growing strongly, and the power of metal halide marine searchlights is 15 times that of halogen lamps. In recent time, the intrusion of Chinese manufacturers in the global ship searchlight market will drive the competition, and online sales channel is supporting the case. The shipping industry has developed with the development of safety and lighting solutions, and marine aluminum and stainless steel are used to make marine searchlights. The naval regulations have made marine searchlight a necessity for search and rescue operations, and impostors in the sea. In addition to that, the fisheries sector and tourism growth in the South East Asian countries is positively driving the sales of ship searchlight.    

COVID-19 Impact analysis

With an unprecedented COVID-19 situation, the marine industry is one of the most severely affected industries. COVID-19 virus has spread to more than 100 countries and caused gigantic loss of lives and economy, and the worldwide assembling, the travel industry and monetary business sectors have been hit hard. Marine Industry business has been disrupted as the pandemic has affected the global supply chains, disrupting manufacturing output and causing delays to cargo in transit. The accumulated ships are costing the ship owners a huge amount of funds to manage, without having any commercial activity to support the flow of funds. Moreover, to curb the spread of virus, several regions have imposed lockdown, which has resulted into geopolitical tensions & accelerating massive change in trade patterns, which has financially affected marine businesses. Therefore, demand for ship searchlight products have declined tremendously during the global health crisis.

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Top Impacting Factor

  • Technological advancements with LED, remote control and cabin control facilities, growing offshore oil and gas exploration and production activities, and growth of the shipbuilding industry are driving the growth of the market.
  • Focusing on the production of light that is waterproof, high cost searchlights is expected to hamper the growth of the market.
  • Global trade scenario, tourism growth, and Sea security is expected to grow can be seen as an opportunity for the market investments.

The ship searchlight market trends are as follows:

Growth of the shipbuilding industry

The growth of maritime trade has increased trade relations and economic progress, which can increase the demand for ship searchlights in the global market. Water transportation is comparatively economical as compared to the air, and road transportation. Thanks to which there’s an increase in the shipping activities across the world. Many countries are carrying they’re shipping activities from the countries which have economic shipping culture. Now, this increase in the shipping activities is boosting the ship searchlights market.

Sea security is expected to grow

The navy, maritime security, and patrol are the main end users, and it is expected that marine searchlights will be used to a large extent. The ship searchlights manufacturers are that specializes in the assembly of the ship searchlights which are waterproof and may withstand a drastic condition around the sea. Upcoming innovation will have a positive impact on the ship searchlights market.

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Key benefits of the report:

  • This study presents the analytical depiction of the ship searchlight 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 challenges of the ship searchlight market.
  • The current market is quantitatively analyzed to highlight the ship searchlight market growth scenario.
  • The report provides a detailed ship searchlight market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the ship searchlight market research report:

  • Which are the leading market players active in the ship searchlight market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the ship searchlight market?
  • What are the projections for the future that would help in taking further strategic steps?

Ship Searchlight Market Report Highlights

AspectsDetails
By ProductIncandescent Halogen Searchlights Xenon Arc Searchlights Night Vision / IR Searchlights LED HYBRID Searchlights
By WattsLess than 200 Watts 201 – 300 Watts 301 – 500 Watts 501 – 1000 Watts More than 1000 Watts
By TypeWired Wireless
By MaterialAluminum Brass Stainless Steel
By ApplicationPassenger Vessels Tankers Harbor Cruise Ships Naval Vessels Oil & Gas Vessels
By RegionNorth America  (U.S., Canada, Mexico) Europe  (France, Germany, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific) LAMEA  (Latin America, Middle East, Africa)
Key Market PlayersNilsson Shipping, Perko Inc., Francis Searchlights Ltd, Cleghorn Waring, Jay Tech Engineering, ACR Electronics Inc., Britmar Marine Ltd, Golight Inc., Marinco, Sea-Dog Corporation.

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