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Li-ion Battery Recycling Market to be Worth $6.9 Billion by 2030
Meticulous Research®—a leading global market research company, published a research report titled, ‘Li-ion Battery Recycling Market by Model (Contractual Services (Source, End-use Industry), Direct-to-Market), Battery Type (LCO, LFP, LMO, NCA, NMC, LTO), Process (Pyrometallurgical, Hydrometallurgical), and Geography - Global Forecasts to 2030’.
According to this latest publication from Meticulous Research®, the Li-ion battery recycling market is projected to grow at a CAGR of 21.3% from 2023–2030, to reach $6.9 billion by 2030. The growth of this market is driven by the increasing demand for electric vehicles, the surge in the need to manage the disposal of used batteries, and the declining prices of batteries. However, the lack of proper recycling infrastructure restrains the growth of the global Li-ion recycling market. Growing government incentives for battery recycling and the rising recovery of valuable materials are expected to create growth opportunities for the players operating in this market. However, the high cost of Li-ion recycling is a major challenge for market growth. Additionally, advancement in recycling technology is the major trend in the Li-ion recycling market.
The global Li-ion battery recycling market is segmented by business model, battery type, and recycling process. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
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Scope of the report:
Li-ion Battery Recycling Market, by Business Model
· Contractual Recycling Services
o Contractual Recycling Services, By Source
§ Lithium-ion Cell Manufacturing Waste
§ Electronic Portable Devices
§ Electric Vehicles
§ Energy Storage Systems
§ Other Sources
o Contractual Recycling Services, By End-use Industry
§ Consumer Electronics
§ Automotive
§ Industrial
§ Power & Utility
§ Other End-use Industries
· Direct-to-Market
o Direct-to-Market, By Source
§ Lithium-ion Cell Manufacturing Waste
§ Electronic Portable Devices
§ Electric Vehicles
§ Energy Storage Systems
§ Other Sources
o Direct-to-Market, By End-use Industry
§ Consumer Electronics
§ Automotive
§ Industrial
§ Power & Utility
§ Other End-use Industries
o Direct-to-Market, By Material
§ Graphite
§ Nickel
§ Cobalt
§ Copper
§ Manganese
§ Lithium
§ Aluminum
§ Iron
§ Other Materials
Li-ion Battery Recycling Market, by Battery Type
· Lithium Cobalt Oxide (LCO)
· Lithium Iron Phosphate (LFP)
· Lithium Manganese Oxide (LMO)
· Lithium Nickel Cobalt Aluminum Oxide (NCA)
· Lithium Nickel Manganese Cobalt Oxide (NMC)
· Lithium Titanate Oxide (LTO)
Li-ion Battery Recycling Market, by Recycling Process
· Pyrometallurgical Process
· Hydrometallurgical Process
· Other Recycling Processes
Li-ion Battery Recycling Market, by Geography
· North America
o U.S.
o Canada
· Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Switzerland
o Belgium
o Norway
o Poland
o Finland
o Rest of Europe
· Asia-Pacific
o Japan
o China
o India
o South Korea
o Singapore
o Australia & New Zealand
o Malaysia
o Rest of Asia-Pacific
· Latin America
o Brazil
o Mexico
o Rest of Latin America
· Middle East & Africa
o UAE
o Saudi Arabia
o Rest of the Middle East & Africa
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/li-ion-battery-recycling-market-5481
Based on business model, the global Li-ion battery recycling market is segmented into contractual services and direct-to-market. In 2023, the contractual services segment is expected to account for the larger share of the global Li-ion battery recycling market. This segment is also projected to register the higher CAGR during the forecast period. The growth of this segment is driven by the surging need to manage the disposal of used batteries, increasing government incentives and regulatory compliance for Li-ion battery recycling, and the rising need to reduce the cost of raw materials for new EV batteries.
Based on battery type, the global Li-ion battery recycling market is segmented into lithium cobalt oxide (LCO), lithium iron phosphate (LFP), lithium manganese oxide (LMO), lithium nickel cobalt aluminum oxide (NCA), lithium nickel manganese cobalt oxide (NMC), and lithium titanate oxide (LTO). In 2023, the LCO is expected to account for the largest share of the global Li-ion battery recycling market. The large market share of this segment is attributed to its several advantages over other types of lithium-ion batteries, including high power output, increasing use in applications such as global positioning system devices, tablets, laptop computers, smartphones, electric vehicles, and medical devices where high-power output and long cycle life are essential, LCO batteries limited lifespan, rising need to recover valuable materials such as lithium and cobalt from the Li-ion batteries.
However, the NMC segment is projected to register the highest CAGR during the forecast period. The growth of this market is driven by its advantages over other types of lithium-ion batteries and properties, including high energy density, long cycle life, and high thermal stability making it well-suited for use in electric vehicles, the growing need to recover raw materials and Li-ion reused batteries, high containment ratios of nickel, manganese, and lithium to produce new batteries.
Based on recycling process, the global Li-ion battery recycling market is broadly segmented into pyrometallurgical process, hydrometallurgical process, and other recycling processes. In 2023, the pyrometallurgical process segment is expected to account for the largest share of the global Li-ion battery recycling market. The large market share of this segment is attributed to its high recycling rate, the increasing need to remove organic material from Li-ion batteries, the need for efficient and cost-effective recycling methods, the increasing need to recover valuable materials from used Li-ion batteries to reduce the need for new mining, stringent environmental regulations, and growing demand for scalable, flexible, and low-cost recycling process.
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However, the hydrometallurgical process segment is projected to register the highest CAGR during the forecast period. The growing need to extract a wide range of materials, including copper, lithium, silver, nickel, and zinc, the rising use of selective separation of materials using chemicals, the increasing need to address the shortage of critical raw materials, growing demand for low energy consumption, less waste, and lower environmental impact recycling processes drive the demand for hydrometallurgical process.
Based on geography, the global Li-ion battery recycling market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global Li-ion battery recycling market, followed by Europe and North America. The region is also expected to witness rapid growth during the forecast period. The large market share of Asia-Pacific is attributed to the growing implementation of new policies and regulations to promote the recycling of lithium-ion batteries and reduce environmental pollution, the growing consumer electronics industry, rising concerns regarding depleting precious and rare earth metals, growing demand for lithium-ion batteries for EVs battery production, high adoption of electric mobility, surging amount of battery waste generated, and increasing awareness and concern for environmental sustainability in the APAC region.
Key Players
The key players operating in the global Li-ion battery recycling market are Duesenfeld GmbH (Germany), RecycLiCo Battery Materials Inc. (Canada), Li-Cycle Holdings Corp. (Canada), Redux Recycling GmbH (U.S.), Redwood Materials, Inc. (U.S.), Glencore plc (Switzerland), Fortum Corporation (Finland), Trishulavel Eshan Pvt Ltd (Li-Circle) (India), SNAM S.A.S (A subsidiary of Floridienne S.A) (France), Primobius GmbH (Germany), MTB Recycling (France), Tata Chemicals Limited (India), OnTo Technology (U.S.), American Battery Technology Company (U.S.), Attero Recycling Pvt. Lyd. (India), Umicore SA (Belgium), Cirba Solutions (U.S.), Accurec-Recycling GmbH (Germany), and Lithion Recycling Inc. (Canada).
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Key questions answered in the report
· Which are the high-growth market segments based on business model, battery type, and recycling process, and geography?
· What was the historical market for Li-ion battery recycling?
· What are the market forecasts and estimates for the period 2023–2030?
· What are the major drivers, restraints, and opportunities in the Li-ion battery recycling market?
· Who are the major players, and what shares do they hold in the Li-ion battery recycling market?
· How is the competitive landscape in the Li-ion battery recycling market?
· What are the recent developments in the Li-ion battery recycling market?
· What are the different strategies adopted by the major players in the Li-ion battery recycling market?
· What are the key geographic trends, and which are the high-growth countries?
· Who are the local emerging players in the global Li-ion battery recycling market, and how do they compete with the other players?
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Tissue Diagnostics Market to be Worth $8.52 Billion by 2029
Meticulous Research®—a leading global market research company, published a research report titled, ‘Tissue Diagnostics Market by Product Type (Antibodies, Kits, Reagents, Instruments [Slide Stainer, Scanner]), Technology (Digital Pathology, IHC, ISH, H&E Staining), Cancer Type (Breast, NSCLC, Colorectal, Prostate), End user -Global Forecast to 2029’.
According to this latest publication from Meticulous Research, the global tissue diagnostics market is projected to reach $8.52 billion by 2029, at a CAGR of 7.4%. The rising prevalence of cancer globally, the availability of biomarkers and research on biomarkers, recommendations for cancer screening, the growing number of clinical trials for oncology drugs, and the availability of tissue-based companion diagnostics are the factors driving the growth of this market.
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Scope of the Report:
Tissue Diagnostics Market, by Product Type
· Consumables
o Antibodies
o Kits
o Reagents
· Instruments
o Slide Staining Systems
o Slide Scanners
o Tissue Processors
o Other Instruments
Note: Other instruments include microarrays and embedding systems.
Tissue Diagnostics Market, by Technology
· Immunohistochemistry (IHC)
· In-situ Hybridization (ISH)
· Digital Pathology
· H&E Slide Staining
· Other Technologies
Note: Other technologies include molecular, immunofluorescence, and special staining
Tissue Diagnostics Market, by Application
· Breast Cancer
· Lung Cancer
· Colorectal and Gastrointestinal Cancer
· Prostate Cancer
· Lymphatic Cancer
· Other Applications
Note: Other applications include cervical cancer, melanoma, lip, oral cavity cancer
Tissue Diagnostics Market, by End User
· Hospitals and Reference Laboratories
· Research Institutes
· Pharmaceutical Companies
· Contract Research Organization
Tissue Diagnostics Market, by Geography
· North America
o U.S.
o Canada
· Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe (RoE)
· Asia-Pacific (APAC)
o China
o Japan
o India
o Rest of APAC (RoAPAC)
· Latin America
· Middle East & Africa
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Tissue Diagnostics Market: Future Outlook
The global tissue diagnostics market is segmented by Product Type (Consumables [Antibodies, Kits, Reagents], Instruments [Slide Staining Systems, Slide Scanners, Tissue Processing Systems, Other Instruments {Microarray, Embedding System]), Technology (Immunohistochemistry, In-situ Hybridization, Digital Pathology, H&E Slide Staining, Other Technologies, Application (Breast Cancer, Lung Cancer, Colorectal and Gastrointestinal Cancer, Prostate Cancer, Lymphatic Cancer, Other Applications), End User (Hospitals and Reference Laboratories, Research Institutes, Pharmaceutical Companies, and Contract Research Organization). The study also evaluates industry competitors and analyzes their market shares at the global and regional levels.
Based on product, in 2022, the consumables segment is expected to account for the largest share of the market. The extensive and recurring requirement of consumables and technological advances in developing novel reagents contribute to the large market share of this segment.
Based on technology, the tissue diagnostics market is segmented into immunohistochemistry, in-situ hybridization, digital pathology, H&E staining, and other technologies. In 2022, the immunohistochemistry segment is expected to account for the largest share of the global tissue diagnostics market. Developments in in-vitro diagnostics and the upsurge in point-of-care diagnostics are the factors contributing to the growth of this segment.
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Based on application, the tissue diagnostics market is segmented into breast cancer, lung cancer, colorectal and gastrointestinal cancer, prostate cancer, lymphatic cancer, and other applications. In 2022, the breast cancer segment is expected to account for the largest share of the global tissue diagnostics market. The growth of this segment is attributed to the high prevalence of breast cancer and the presence of several research and screening programs for combating breast cancer.
Based on end user, in 2022, the hospital and reference laboratories segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the high inflow of patients and tests due to the increasing prevalence of cancer.
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the tissue diagnostics market. The large market share of this regional market is driven by the high cancer prevalence, easy accessibility to advanced technologies, and the presence of public programs for cancer management.
The key players operating in the global tissue diagnostics market are F. Hoffmann-La Roche Ltd (Switzerland), Danaher Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), Abbott Laboratories (U.S.), Agilent Technologies, Inc. (U.S.), Merck KGaA (Sigma-Aldrich Co. LLC) (Germany), Sakura Finetek Japan Co., Ltd. (Japan), Abcam plc (U.K.), Becton, Dickinson, and Company (U.S.), QIAGEN N.V. (Netherlands), Cell Signaling Technology, Inc. (U.S.), Bio-Genex Laboratories, Inc. (U.S.), Bio SB, INC (U.S.), 3DHISTECH Ltd. (Hungary), and HOLOGIC, INC. (U.S.)
Key questions answered in the report-
· Which are the high-growth market segments in terms of product type, technology, application, end user, and regions/countries?
· What was the historical market for tissue diagnostics across the globe?
· What are the market forecasts and estimates for the period 2022–2029?
· What are the major drivers, restraints, challenges, opportunities, and trends in the global tissue diagnostics market?
· Who are the major players in the global tissue diagnostics market?
· How is the competitive landscape, and who are the market leaders in the global tissue diagnostics market?
· What are the recent developments in the tissue diagnostics market?
· What are the different strategies adopted by the major players in the tissue diagnostics market?
· What are the geographical trends and high-growth regions/countries?
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LiDAR Market Worth $20.03 Billion by 2029
Meticulous Research® —a leading global market research company, published a research report titled, ‘LiDAR Market by Dimension Type (2D, 3D, 4D), Technology (Macro-mechanical LiDAR, Flash LiDAR), Installation Type, Wavelength, Range, Service, Application, End-use Industry, and Geography - Global Forecast to 2029’.
The global LiDAR market is projected to reach $20.03 billion by 2029 at a CAGR of 28.4% during the forecast period 2022–2029. The growth of the LiDAR market is driven by the rising adoption of LiDAR systems in unmanned aerial vehicles (UAVs), increasing adoption of LiDAR in engineering and construction applications, use of LiDAR for automated driving cars, the emergence of 4D LiDAR, and initiatives undertaken by government bodies of different countries to promote LiDAR Usage. Safety threats related to UAVs and autonomous cars and the easy availability of low-cost and lightweight photogrammetry systems may restrain the growth of this market. Furthermore, the increasing investments in LiDAR start-ups by OEMs, technological shifts with the adoption of solid-state, flash LiDAR, and other LiDAR technologies are expected to create significant growth opportunities for the players in this market.
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However, the high cost of LiDAR services and scarcity of geospatial data pose a challenge to the growth of this market.
The global LiDAR market is segmented by dimension type, technology, installation type, wavelength, range, service, application, end-use industry, and geography. The study also evaluates industry competitors and analyses the market at regional and country levels.
Scope of the Report
LiDAR Market, by Dimension Type
· 2D
· 3D
· 4D
LiDAR Market, by Technology
· Macro-mechanical LiDAR
· Flash LiDAR
· MEMS LiDAR
· Optical-phased Array
· Other Technologies
LiDAR Market, by Installation Type
· Airborne
o Topographic LiDAR
o Bathymetric LiDAR
· Terrestrial
o Mobile LiDAR
o Static LiDAR
LiDAR Market, by Wavelength
· 885 nm
· 905 nm
· 1064 nm
· 1550 nm
· Other Wavelengths
LiDAR Market, by Range
· Short Range (up to 10 m)
· Medium Range (10 m to 100 m)
· Long Range (More than 100 m)
LiDAR Market, by Service
· Aerial Survey
· Asset Management
· GIS Services
· Ground-based Survey
· Other Services
LiDAR Market, by Application
· Mapping & Cartography
· Coastline & Shoreline Mapping
· Pollution Tracking
· Wind Speed Measurement
· Oil & Gas Exploration
· Advanced Driver Assistance System (ADAS)
· Meteorology
· Other Applications
LiDAR Market, by End-use Industry
· Automotive
· Defense & Aerospace
· Oil & Gas
· Mining
· Civil Engineering
· Government Bodies
· Transportation
· Other End-use Industries
LiDAR Market, by Geography
· North America
o U.S.
o Canada
· Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
· Asia-Pacific
o China
o Japan
o South Korea
o India
o Rest of Asia-Pacific
· Middle East & Africa
· Latin America
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/lidar-market-5323
Based on dimension type, the global LiDAR market is segmented into 2D, 3D, and 4D. In 2022, the 3D segment is expected to account for the largest share of the global LiDAR market. The major factors attributed to the growth of this segment include 3D visibility of the objects with real-time insights without collecting personally identifiable information. As LiDAR uses point clouds and not natural light, it does not capture information about the identity of individuals within its field of view. Furthermore, LiDAR sensors are unaffected by ambient light conditions. Applying analytics on a three-dimensional light cloud delivers higher accuracy and deeper insights than applying analytics on traditional two-dimensional video or image data.
Based on technology, the global LiDAR market is segmented into macro-mechanical LiDAR, flash LiDAR, MEMS LiDAR (micro-electromechanical systems), optical-phased array, and other technologies. In 2022, the macro-mechanical LiDAR segment is expected to account for the largest share of the global LiDAR market. The growth of this segment is driven by the widespread use of macro-mechanical LiDAR in various applications, such as corridor mapping, military, volumetric mapping, and engineering.
Based on installation type, the global LiDAR market is segmented into airborne and terrestrial. In 2022, the airborne segment is expected to account for the largest share of the global LiDAR market. The large market share of the segment is attributed to the increasing adoption of aerial mapping devices. The aerial LiDAR system is an accurate and thorough method of creating digital elevation models, thereby replacing photogrammetry. This system offers more extensive area coverage than its terrestrial counterparts and delivers large area mapping in short intervals.
Based on wavelength, the global LiDAR market is segmented into 885 nm, 905 nm,1064 nm, 1550 nm, and other wavelengths. In 2022, the 905 nm segment is expected to account for the largest share of the global LiDAR market. The large market share of this segment is attributed to performance superiority in wet weather conditions, power consumption, low cost, and availability.
Based on range, the global LiDAR market is segmented into short range (up to 10 m), medium range (10 m to 100 m), and long range (more than 100 m). In 2022, the short (up to 10 m) segment is expected to account for the largest share of the LiDAR market. The growth of this segment is attributed to the need for strengthening safety and improving mapping and navigation for industrial machinery, robots, and drones. Moreover, they can help improve augmented reality apps for smartphones.
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Based on service, the global LiDAR market is segmented into aerial survey, asset management, GIS services, ground-based survey, and other services. In 2022, the aerial survey segment is expected to account for the largest share of the global LiDAR market. The growth of this segment is attributed to the accuracy and high resolution for mapping the environment. Continued technological advancements result in better usability, reliability, and sustainability while reducing cost, contributing to segment growth.
Based on application, the global LiDAR market is segmented into mapping and cartography, coastline & shoreline mapping, pollution tracking, wind speed measurement, exploration, advanced driver assistance system (ADAS), meteorology, and other applications. In 2022, the mapping and cartography segment is expected to account for the largest share of the global LiDAR market. The growth of this segment is attributed to the rising demand for LiDAR sensors in network and infrastructure management services in various sub-domains of industries such as oil & gas, utilities, roads, railways, and others.
Based on industry, the LiDAR market is segmented into automotive, defence & aerospace, oil & gas, mining, civil engineering, government bodies, transportation, and other industries. In 2022, the government bodies segment is expected to account for the largest share of the global LiDAR market. The growth of this segment is attributed to the need for surveying and monitoring environments, including forest management, coastline management, pollution modelling, agriculture, wind farms, and precision forestry.
Based on geography, the LiDAR market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the global LiDAR market. The growing advancements in LiDAR technologies, their applications in core 3D and 4D imaging, and the increasing adoption of technologies such as ADAS are expected to have a positive impact on the growth of this market in North America.
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Key Players
The key players profiled in the LiDAR market study are Trimble Inc. (U.S.), Leica Geosystems AG - Part of Hexagon (Switzerland), Sick AG (Germany), TOPCON CORPORATION (Japan), Velodyne Lidar, Inc. (U.S.), RIEGL Laser Measurement Systems GmbH (Austria), BEA SA (Belgium), Pepperl+Fuchs (India) Pvt. Ltd. (India), FARO Technologies, Inc. (U.S.), VALEO (France), Teledyne Optech (Canada), Shanghai Hesai Technology Co., Ltd. (China), LeddarTech Inc. (Canada), Suteng Innovation Technology Co., Ltd. (China), and Hokuyo Automatic USA Corporation (U.S.).
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Key Questions Answered in the Report:
· Which are the high-growth market segments in terms of dimension type, technology, installation type, wavelength, range, service, application, end-use industry, and geography?
· What is the historical market size for LiDAR across the globe?
· What are the market forecasts and estimates for the period 2022–2029?
· What are the major drivers, restraints, opportunities, and challenges in the LiDAR market?
· Who are the major players in the market, and what are their market shares?
· How is the competitive landscape for the global LiDAR market?
· What are the recent developments in the global LiDAR market?
· What are the different strategies adopted by the major players in the market?
· What are the key geographic trends, and which are the high-growth countries?
· Who are the local emerging players in the global LiDAR market, and how do they compete with other players?
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Robotic Process Automation Market Worth $47.19 Billion by 2029 - Exclusive Report by Meticulous Research®
According to a new market research report titled, “Robotic Process Automation Market by Type (Software, Service), Process, Deployment (Cloud, On-Premises), Application, and Industry (BFSI, Telecom, and IT Industry), and Geography - Global Forecasts to 2029,” the global robotic process automation market is expected to grow at a CAGR of 16.2% during the forecast period to reach $47.19 billion by 2029.
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The growth of this market is attributed to the growing demand for automation in business processes, increasing adoption of advanced technologies to surge demand for robotic process automation solutions, and growing innovations in RPA to accommodate changing consumer demands. However, data insecurity risk is hindering the implementation of robotic process automation solutions in the financial sector. In addition, the growing demand for robotic process automation in logistics and BPO sectors is expected to create significant growth opportunities for the players operating in this market. However, a lack of awareness regarding robotic process automation is a major challenge to the growth of this market.
Impact of COVID-19 on the Robotic Process Automation Market
The outbreak of the COVID-19 pandemic severely affected numerous businesses across the globe. Several industries were negatively impacted due to the disruption of supply chains and workforce limitations caused by the nationwide lockdowns. Closure of factories and trade restrictions also added to the existing challenges, severely impacting various industries. Manufacturing plants were shut down, affecting production, which led to a significant demand-supply gap. Global Infrastructure & construction industries are witnessed acute labor shortages, suspension & cancellation of projects, and disrupted supply and logistics.
Various robotic automation companies such as UiPath SRL (U.S.) and Automation Anywhere Inc. (U.S.) witnessed a massive rise in the demand for automation solutions during the pandemic from various industries. Furthermore, the rising adoption of chatbots & virtual assistants in the BPO sector is expected to reduce the requirement for human resources, which, in turn, is projected to fuel the demand for RPA solutions.
The rising integration of RPA with advanced technologies like cloud computing, AI, and ML is expected to create huge growth opportunities for the market in the coming years. Moreover, AI-integrated RPA will improve accuracy, productivity, and flexibility in the business process. Further, it will eliminate the staff requirements in the back-office process across various industries such as BPO, banking & insurance, and healthcare. Thus, driving the market growth in the coming years.
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The global robotic process automation market is segmented based on type (software and service), process (automated solutions, decision support & management solutions, and interaction solutions), deployment mode (cloud-based and on-premise), application (administration & reporting, customer support, data migration & capture extraction, analysis, and other applications), industry (banking, financial services, & insurance; telecom & IT; travel, hospitality, and transportation; retail & consumer goods; manufacturing & logistics; healthcare & pharmaceuticals; other industries). The study also evaluates industry competitors and analyses the market at the country level.
Based on type, the robotic process automation market is segmented into software and services. In 2022, the service-based segment is estimated to account for the largest share of the robotic process automation market. The growth of this segment is attributed to the high competition among enterprises. It has urged the service providers to improve their consulting, training, and advisory services, and continuous upgrades in automation services that enable high scalability and minimize cost have driven the demand for RPA as a service. However, the software segment is expected to grow at the highest CAGR during the forecast period.
Based on process, the robotic process automation market is segmented into automated solutions, decision support & management solutions, and interaction solutions. In 2022, the automated solutions segment is estimated to account for the largest share of the robotic process automation market. The growth of this segment is attributed to its high degree of flexibility and scalability.
Based on deployment mode, the robotic process automation market is segmented into cloud-based and on-premise. In 2022, the on-premise segment is estimated to account for the largest share of the robotic process automation market. The growth of this segment is attributed to the growth in adoption of on-premise RPA solutions by organizations that are seeking to save costs by having a large volume of processes automated through RPA and having sufficient IT support for maintaining the infrastructure. However, the cloud-based segment is projected to grow at the highest CAGR during the forecast period due to its benefits, such as greater scalability, security, and ease of access & management.
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Based on application, the robotic process automation market is segmented into administration & reporting, customer support, data migration & capture extraction, analysis, and other applications. In 2022, the administration & reporting segment is estimated to account for the largest share of the robotic process automation market. However, the analysis segment is poised to grow at the highest CAGR due to its analysis operations, including service trends, invoices, reports, and other works.
Based on industry, the robotic process automation market is segmented into banking, financial services, & insurance; telecom & IT industry; travel, hospitality, & transportation industry; retail & consumer goods; manufacturing & logistics industry; healthcare & pharmaceuticals; and other industries. In 2022, the banking, financial services, & insurance segment is estimated to account for the largest share of the robotic process automation market.
In the BFSI industry, robotic process automation controls and monitors interfaces to ensure seamless execution of transactions and to fix loopholes. It improves the accuracy and efficiency of different processes in this industry. These solutions help in regulatory reporting and balance sheet reconciliation by collating data from multiple systems and conducting a host of validation checks to prepare information for a detailed analysis. However, the healthcare & pharmaceuticals segment is projected to grow at the highest CAGR during the forecast period.
Geographically, the North American region is estimated to account for the largest share of the robotic process automation market in 2022. The large share of this market is mainly attributed to the high penetration rate of automation & process management solutions among government agencies and enterprises. Furthermore, the application of RPA is rising among SMEs in the region due to rising knowledge about improving various business functions, such as data entry, accounting/finance, procurement detail, record keeping, and several other HR-related functions.
Some of the major players operating in this market are Uipath SRL (U.S.), Automation Anywhere Inc. (U.S.), Nice Systems Ltd. (Israel), Pegasystems Inc. (U.S.), Blue Prism PLC (U.K.), Ipsoft, Inc. (U.S.), Celaton Ltd. (U.K.), Verint System Inc. (U.S.), OnviSource, Inc. (U.S.), Kofax Inc. (U.S.), FPT Software (Vietnam), EdgeVerve Systems Limited (India), Daythree Business Services Sdn Bhd (Malaysia), Kryon Systems (Israel), and Genpact Ltd (U.S.).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/robotic-process-automation-market-5282
Scope of the Report:
Robotic Process Automation Market, by Type
Software
Services
Model-based
Process-based
Consulting
Integration & Development
Training
Robotic Process Automation Market, by Process
Automated Solutions
Decision Support and Management Solutions
Interaction Solutions
Robotic Process Automation Market, by Deployment Mode
Cloud-based
On-premise
Robotic Process Automation Market, by Application
Administration and Reporting
Customer Support
Data Migration & Capture Extraction
Analysis
Other Applications
Robotic Process Automation Market, by Industry
Banking, Financial Services, & Insurance
Telecom & IT
Travel, Hospitality, & Transportation
Retail & Consumer Goods
Manufacturing & Logistics
Healthcare & Pharmaceuticals
Other Industries
Robotic Process Automation Market, by Geography
North America
Asia-Pacific
Europe
Latin America
Middle East & Africa
U.S.
Canada
China
Japan
South Korea
India
Singapore
Thailand
Australia
Taiwan
Rest of Asia-Pacific
Germany
U.K.
France
Netherlands
Norway
Italy
Spain
Switzerland
Sweden
Denmark
Rest of Europe
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Top 10 Companies In Organic Fertilizers Market
The Organic Fertilizers Market is expected to reach $19.88 billion by 2029, at a CAGR of 11.6% during the forecast period, 2022-2029.
Organic agriculture performs multiple functions and it is an important tool for achieving „Green Productivity in agriculture and mitigates the negative impacts of conventional input-intensive agriculture by excluding the use of agrochemical inputs from the production system; minimizing environmental pollution; promoting reuse and recycling of organic farm waste and crop residues; improving biodiversity; and enhancing soil productivity.
Organic agriculture and agribusiness also contribute to improve rural livelihoods and sustainable development through generating rural employment opportunities and increasing farm incomes. Organic agriculture is not for more affluent countries alone, but can be applied successfully in other situations. In less developed countries especially, it can contribute to foreign exchange earnings, green productivity, and sustainable socioeconomic development. The organic agriculture demands only organic inputs such as organic fertilizers for the production, which ultimately fuels the demand of organic fertilizers across the globe.
Here are the top 10 companies operating in global organic fertilizers market–
Italpollina S.p.A.
Founded in 1971 and headquartered at Rivoli Veronese, Italy; Italpollina S.p.A. engaged in the production and distribution of organic fertilizers, biostimulants, and beneficial microorganisms. The Company offers organic, nitrogen, phosphorus, and potassium fertilizers; bio-stimulants; leaf liquid integrators; and amino acids.
With 4 production sites and 13 commercial offices, the Company has its geographic presence in more than 70 countries across the North America, Europe, Asia-Pacific, and Middle East & Africa.
Tata Chemicals Ltd.
Founded in 1939 and headquartered at Mumbai, India; Tata Chemicals Ltd. is engaged in manufacturing and selling of living, industry, and farm essential products. The Company operates through four segments, including Inorganic Chemicals, Fertilizers, Other Agri Inputs, and Others. The Company offer organic fertilizers through fertilizers segment under the Paras brand name.
With around 12 production plants, the Company has its geographic presence across North America, Europe, Asia-pacific, Latin America, and Middle East and Africa.
Multiplex Group
Founded in 1973 and headquartered at Bengaluru, India; Multiplex Group is a manufacturer, marketer, and exporter of Micro Nutrients, Organic Manure, Bio-Fertilizers, Bio-Pesticides, and Bio-activators in India. The Company offers products for agricultural, horticultural, plantation, fruits, flowers, and vegetables production.
With around 8 manufacturing units and 23 marketing branches, the company has its geographic presence across 15 countries.
Coromandel International Limited
Founded in 1961, and headquartered at Secunderabad, India; Coromandel International Limited is engaged in manufacturing and marketing of a wide range of fertilizers. The Company offers Phosphatic Fertilizers, Crop Protection Products, and Speciality Nutrients. The Company provide organic fertilizers through its speciality nutrients segment.
With around 7 subsidiaries, the Company has is presence in 71 countries across India, North America, Europe, Asia- pacific, Latin America, and Middle East and Africa.
“Meticulous Research in its latest publication on Organic Fertilizers Market has predicted the growth of 19.88% during the forecast year 2022-2029″.
ILSA S.p.A.
Founded in 1956 and headquartered at Arzignano (VI), Italy; ILSA S.p.A. is engaged in manufacturing and selling of organic and organo-mineral fertilizers and biostimulants. The Company offers wide range of organic nitrogen fertilizers, plant growth enhancers, and plant resistance inductors for both conventional and organic agriculture. The Company provides both solid and liquid fertilizers.
The Company has its geographic presence in more than 49 countries across the Latin America, Europe, Middle East, South East Asia, and Oceania.
The Scotts Miracle-Gro Company
Founded in 1868and headquartered at Marysville, U.S.; The Scotts Miracle-Gro Company is engaged in manufacturing and marketing of consumer lawn and garden products. The Company operates through three segments, including U.S. Consume, Hawthorne, and Other. The Company offers lawn care products including lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners. The Company also provide lawn-related weed, pest, and disease control products.
The Company has its geographic presence in the North America, Europe, and Asia Pacific.
Sigma AgriScience, LLC
Founded in 2007 and headquartered at Texas, U.S.; Sigma AgriScience, LLC is engaged in manufacturing of agricultural fertilizers. The Company offers granular biofertilizers, liquid biostimulants, and organic granular fertilizers for conventional farming, organic farming, nursery, greenhouse, orchard, turf, and landscape markets. The Company also offers next generation biotechnology products.
The Company has its geographic presence in North America, Latin America, Europe, and Asia.
Biolchim S.p.A.
Founded in 1972 and headquartered at Medicina, Italy; Biolchim S.p.A.is engaged in the production and commercialization of biostimulants. The Company offers Specialties Products, Meso and Micronutrients, Foliar NPKs, Fertigation Products, Granular Specialties, and Complementary Products. The Company offers a portfolio of organic fertilizers based on plant-based extracts. The Company has its geographic presence in more than 50 countries across the Europe, Africa, Asia, and South America.
California Organic Fertilizers, Inc.
Founded in 1990 and headquartered at California, U.S.; California Organic Fertilizers, Inc. is involved in manufacturing dry and liquid fertilizers for use in certified organic farming operations.
The Company provides protein-based organic dry fertilizers and liquid NPK fertilizers, organic pesticides, plant nutrients, adjuvants, lawn & garden natural products, and quality control products.
Camson Bio Technologies Limited
Founded in 1993 and headquartered at Bangalore, India; Camson Bio Technologies Limited is involved in manufacturing and marketing of natural fertilizers, bio fertilizers, and biostimulants. The Company offers a wide range of bio-products including biocides, bio-fertilizers,bio-insecticides, bio-fungicides, growth promoters, and hybrid seeds.
With 300 distributors and 2600 dealers, the Company has a strong presence across the India.
Popular Mentions: Midwestern BioAg, Perfect Blend, LLC, National Fertilizers Limited, SPIC Ltd (Southern Petrochemical Industries Corporation Limited), AG Global.
Authoritative Research on the Organic Fertilizers Market
Need more information? Meticulous Research’s new report covers each of these companies in much more detail, providing analysis on the following:
Recent financial performance
Key products
Significant company strategies
Partnerships and acquisitions
Comprehensive report provides organic fertilizers market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
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Internet of Things (IoT) in Retail Market Worth $42.6 Billion by 2029
Meticulous Research®—a leading global market research company, published a research report titled, IoT in Retail Market by Component (Hardware, Services, Connectivity, and Platform), Application (Customer Experience Management, Operations Management, Asset Management) - Global Forecast to 2029.
According to this latest publication from Meticulous Research®, the global Internet of Things in retail market is expected to grow at a CAGR of 17.2% from 2022 to 2029, to reach $42.6 billion by 2029.
The IoT in retail market is driven by the growing customer demand for a seamless shopping experience, the increasing adoption of smart payment solutions, and the declining cost of IoT sensors and hardware. However, security concerns due to vast data flow and misconceptions and the lack of knowledge regarding IoT in retail restrain the growth of this market to some extent. However, the increasing investment in retail automation and the growing demand for IoT in retail solutions in developed and developing regions worldwide are expected to offer significant growth opportunities for players operating in this market.
To provide efficient analysis, Meticulous Research® has segmented this market by component (hardware, services, connectivity, platform), application (customer experience management, operations management, asset management), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses regional and country-level markets.
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Scope of the Report:
Internet of Things in Retail Market, by Component
· Hardware
o Sensors & Actuators
o Network Components
o Other Hardware
· Services
o Professional Services
o Managed Services
· Platforms
Internet of Things in Retail Market, by Application
· Customer Experience Management
o Smart Payment and Checkout
o Automatic Vending Machine
o Smart Shelves
· Operations Management
o Supply Chain Optimization
o Workforce Management
o Surveillance and Security
o Inventory Optimization
· Asset Management
o Asset Condition Monitoring
o Predictive Equipment Maintenance
Internet of Things in Retail Market, by Region
· North America
o U.S.
o Canada
· Europe
o UK
o Germany
o France
o Italy
o Spain
o Poland
o Netherland
o Rest of Europe
· Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia & New Zealand
o Rest of Asia-Pacific
· Latin America
o Brazil
o Mexico
o Rest of Latin America
· Middle East & Africa
o UAE
o Israel
o Rest of Middle East & Africa
To gain more insights into the market with a detailed table of content and figures, click here:https://www.meticulousresearch.com/product/iot-in-retail-market-5315
Based on component, in 2022, the hardware segment is expected to account for the largest share of the Internet of Things in retail market. Factors such as consistent engagement of the industrial sector in improving efficiency, reducing costs, and increasing Overall Equipment Effectiveness (OEE) through better access to information from real-time solutions attribute to the growth of this segment. However, the platform segment is projected to grow at the highest CAGR during the forecast period. The increasing customer demand for a seamless shopping experience and the growing need for superior monitoring technologies drive the growth of this segment.
Based on application, in 2022, the customer experience management segment is expected to account for the largest share of the Internet of Things in retail market. The large market share of this segment is attributed to the increasing need to improve customer engagement and reduce customer churn rates, better customer understanding, and the rising need for collecting all the information on a single platform. However, this segment is also projected to grow with the highest CAGR during the forecast period.
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Based on geography, in 2022, Asia-Pacific is expected to account for the largest share of the Internet of Things in retail market. Prominent key players in this region are expected to contribute to the high revenue share due to the rapid economic growth in major countries such as China, Japan, India, and South Korea. Additionally, the advent of Industry 4.0, high, rising demand for retail automation, and high Internet of Things penetration are driving the demand for IoT in retail market in Asia-Pacific.
The key players operating in the Internet of Things in retail market are ABB Ltd. (Switzerland), NEC Corporation (Japan), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Amazon Web Services, Inc. (U.S.), PTC, Inc. (U.S.), Huawei Technologies Co., Ltd (China), Allerin Tech Pvt Ltd. (India), RetailNext, Inc. (U.S.), Impinj, Inc. (U.S.), Software AG (Germany), Vodafone Group Plc (U.K.), and Sierra Wireless (Canada).
Key questions answered in the report-
· Which are the high-growth market segments in terms of the component, application, and geography?
· What is the historical market for IoT in retail across the globe?
· What are the market forecasts and estimates for the period 2022–2029?
· What are the major drivers, restraints, and opportunities in the global Internet of Things in retail market?
· Who are the major players in the global IoT in retail market, and what share of the market do they hold?
· How is the competitive landscape?
· What are the recent developments in the global Internet of Things in retail market?
· What are the different strategies adopted by the major players in the market?
· What are the geographic trends and high-growth countries?
· Who are the local emerging players in the global IoT in retail market, and how do they compete with the other players?
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Pea Protein Isolate Market Worth $542.9 Million by 2029
Meticulous Research® – a leading global market research company, published a research report titled “Pea Protein Isolate Market by Source (Yellow Pea, Green Pea), Source Process (Conventional, Organic), Processing Method (Dry, Wet), Application (Nutritional Supplements, Meat Alternatives, Dairy Alternatives, Bakery, Snacks, Beverages) - Forecast to 2029”.
According to this latest publication from Meticulous Research®, in terms of value, the global pea protein isolate market is expected to grow at a CAGR of 16.4% from 2022 to 2029 to reach $542.9 million by 2029. In terms of volume, the global pea protein isolate market is expected to grow at a CAGR of 13.8% from 2022 to 2029 to reach 135.2 thousand MT by 2029. This market is driven by the rising awareness about plant-based nutrition, increasing importance of organic ingredients in the F&B sector, increasing plant-based food market, and rising consumer awareness regarding nutritional benefits offered by pea. Additionally, emerging markets provide significant growth opportunities for plant-based product manufacturers. However, a significant preference for animal-based protein hinders the growth of the global pea protein isolate market to some extent.
The global pea protein isolate market study presents historical market data in terms of value (2020 and 2021), estimated current data (2022), and forecasts for 2029. The market is segmented based on source, source process, processing method, form, application, and geography. The study also evaluates industry competitors and analyses the market at a country level.
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Scope of the report
Pea Protein Isolate Market, by Source
· Yellow Peas
· Green Peas
Pea Protein Isolate Market, by Source Process
· Conventional Pea Protein
· Organic Pea Protein
Pea Protein Isolate Market, by Processing Method
· Dry
· Wet
Pea Protein Isolate Market, by Form
· Powder
· Liquid
Pea Protein Isolate Market, by Application
· Nutrition & Health Supplements
· Meat & Alternative Meat Products
· Bakery Products
· Dairy & Dairy Alternatives
· Cereals & Snacks
· Beverages
· Others
Pea Protein Isolate Market, by Geography
· North America
o U.S.
o Canada
· Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Rest of Europe
· Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
· Latin America
· Middle East and Africa
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Based on source, the global pea protein isolate market is mainly segmented into yellow peas and green peas. The yellow peas segment is estimated to account for the largest share of the overall pea protein isolate market in 2022. The leading position of this segment is mainly attributed to its high protein content and benefits such as digestive system regulation, cholesterol control, blood sugar control, better maintenance of healthy body weight, and promote gut health. This segment is also expected to grow at the highest CAGR during the forecast period due to its versatility in various applications in the food & beverage industry, especially as alternative meat products.
Based on source process, the global pea protein isolate market is mainly segmented into conventional pea protein isolate and organic pea protein isolate. The conventional pea protein isolate segment is estimated to account for the largest share of the overall pea protein isolate market in 2022. The leading position of this segment is mainly attributed to factors such as the lower price of conventionally grown peas than organic peas, their longer shelf life, and the availability of substantial crop varieties. However, the organic pea protein isolate segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to growing organic product sales statistics, the rising trend of clean label products, and the increasing number of certified organic pea-producing farms.
Based on processing method, the global pea protein isolate market is mainly segmented into dry processing and wet processing. The dry processing segment is estimated to account for the largest share of the overall pea protein isolate market in 2022. The large share of this segment is mainly attributed to low capital requirement, reduced water & energy consumption compared to wet extraction, and the high demand from food & beverage manufacturers. However, the wet processing segment is expected to grow at the highest CAGR during the forecast period as this process enables higher protein content and purity than the dry processing method.
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Based on form, the global pea protein isolate market is mainly segmented into powder and liquid. The powder segment is estimated to account for the largest share of the overall pea protein isolate market in 2022. The leading position of this segment is mainly attributed to the higher demand for solid protein ingredients due to the ease of handling & transportation, cost-effectiveness, and the ability to avoid costly formulation errors and maintain the stability of the ingredients. However, the liquid segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to its growing demand from the dairy alternative industry and increasing applications in innovative products.
Based on application, the global pea protein isolate market is mainly segmented into nutrition & health supplements, meat & alternative meat products, bakery products, dairy & dairy alternatives, cereals & snacks, beverages, and others. The nutrition & health supplements segment is estimated to account for the largest share of the overall pea protein isolate market in 2022. The leading position of this segment is mainly attributed to factors such as the rising incidences of diseases due to improper nutrition, the benefits of pea protein in additional nutrition and sports performance products, and growing health and wellness trends. However, the meat & alternative meat products segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to growing veganism, the increasing launches of new products, and the rising incidences of meat-borne diseases.
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Geographically, North America is estimated to account for the largest share of the overall pea protein isolate market in 2022. The large share of this region is primarily attributed to the well-established food & beverage industry, the rising concerns over animal products and protein, the increasing vegan population, the growing preference for meat alternatives, the increasing demand for healthy & nutritional products, and the large presence of pea protein manufacturers in North America. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to the growing awareness regarding the importance of protein-rich diets and increasing health consciousness amongst the general population, the booming food & beverage industry, the large vegan population, and the increasing number of pea protein-based product launches.
Key Players:
The key players operating in the global pea protein isolate market are Roquette Frères Le Romain (France), AGT Food and Ingredients Inc. (Canada), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), Archer-Daniels-Midland Company (U.S.), E.I. Dupont De Nemours and Company (U.S.), Glanbia Plc. (Ireland), Cosucra Groupe Warcoing SA (Belgium), Farbest Brands (U.S.), Shandong Jianyuan Foods Co., Ltd. (China), The Emsland Group (Germany), and Nutri-Pea Ltd. (Canada).
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Key questions answered in the report-
· Which are the high-growth market segments in terms of the source, source process, processing method, form, application, and countries?
· What is the historical market for pea protein isolates across the globe?
· What are the market forecasts and estimates for the period of 2022-2029?
· What are the major drivers, restraints, challenges, opportunities, and trends in the global pea protein isolate market?
· Who are the major players in the global market, and what market share do they hold?
· Who are the major players in various countries, and what share of the market do they hold?
· What is the competitive landscape?
· What are the recent developments in the global pea protein isolate market?
· What are the different strategies adopted by the major players in the market?
· What are the key geographic trends, and which are the high-growth countries?
· Who are the local emerging players in the global pea protein isolate market, and how do they compete with the other players?
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Real-world Data Market Worth $2 billion by 2029
Meticulous Research®—A leading global market research company, published a research report titled, “Real-world Data (RWD) Market by source (EMR, Claims, Pharmacy, Disease Registries), Application [Market Access, Drug Development & Approvals (Oncology, Neurology), Post-market Surveillance], End User (Pharma, Payers, Providers)- Forecast to 2029”.
According to this latest publication from Meticulous Research®, the global real-world data (RWD) market is expected to grow at a CAGR of 8.2% from 2022 to 2029, to reach $2 billion by 2029. Rapidly growing big data in healthcare, shift from volume to value-based care, and rising focus on personalized healthcare have positively impacted the RWD market. However, the lack of standardized methodologies to generate RWD poses a market challenge.
Adopting AI in RWD studies is the latest trend in the RWD industry. AI integrated RWD studies can enhance data anomaly detection, standardization, and quality check at the pre-processing stage. AI-powered RWD studies can serve as a valuable tool in collecting, organizing, and analysing the increasing amount of data generated from disparate datasets. AI integrated wearable devices/sensors can automatically and continuously collect patient data, relieving the patient of this task. Together with wearable technology, AI techniques offer new approaches to developing real-time, power-efficient, mobile, and personalized patient data.
The global RWD market is segmented based on Source (EMR/EHR/Clinical Data, Claims & Billing Data, Pharmacy Data, Product/Disease Registries Data, Genomics Data, and Other Datasets), Application (Market Access & Reimbursement/Coverage Decisions, Drug Development & Approvals, Post-market Surveillance, Medical Device Development & Approvals, and Other Applications), End User (Pharmaceutical, Biotechnology, and Medical Device Companies, Healthcare Payers, Healthcare Providers, and Other End Users), and Geography. The study also evaluates industry competitors and analyses their market share at the global and regional levels.
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Scope of the Report
RWD Market, by Source
· EMR/EHR/Clinical Data
· Claims & Billing Data
· Pharmacy Data
· Product/Disease Registries Data
· Genomics Data
· Other Datasets
(Note – Other Datasets segment includes data generated from mobile devices, wearable devices, and social media)
RWD Market, by Application
· Market Access & Reimbursement/Coverage Decisions
· Drug Development & Approvals
o Oncology
o Neurology
o Immunology
o Cardiovascular Diseases
o Other Therapeutic Areas
· Post-market Surveillance
· Medical Device Development & Approvals
· Regulatory and Clinical Decision-Making
(Note – Other Therapeutic Areas majorly include infectious diseases, musculoskeletal disorders, dermatological diseases, and respiratory diseases)
RWD Market, by End User
· Pharmaceutical, Biotechnology, and Medical Device Companies
· Healthcare Payers
· Healthcare Providers
· Other End Users
(Note – Other end users majorly include academic research institutions, patient advocacy groups, regulators, and health technology assessment agencies)
RWD Market, by Geography
· North America
o U.S.
o Canada
· Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Rest of Europe (RoE)
· Asia-Pacific (APAC)
o Japan
o China
o India
o South Korea
o Taiwan
o Singapore
o Rest of APAC (RoAPAC)
· Latin America
· Middle East & Africa
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Based on source, in 2022, the EMR/EHR/clinical data segment is estimated to account for the largest market share of the RWD market owing to the significant amounts of data generated in hospitals, the increasing adoption of EHR/EMR in hospitals, and the increased use of clinical data for RWE generation. EHRs are the commonly used form of healthcare database. EHR data is vital in collecting and generating actionable information at the FDA. The federal agency is focused on making real-world data (RWD) available for clinical studies as a strategic priority and intends to issue guidance on supporting “more accessible clinical trials” through a decentralized approach. Such initiatives would propel the adoption of EHR data for real-world data generation during the forecast period.
Based on application, in 2022, the market access & reimbursement/coverage decisions segment is estimated to account for the largest market share of the RWD market. The large market share of this segment is primarily attributed to the increasing demand for real-world data to accelerate drug discovery & development and deliver a value-based price. With rising therapy costs, healthcare payers are focusing on evidence of clinical value for making decisions associated with providing coverage. RWD helps and provides a means for demonstrating value, ranging from confirming randomized trial benefits in real-world populations to a fuller characterization of resource impacts. The pharmaceutical, biotech, and medical device manufacturers use RWD derived from patient populations to analyse the clinical trial data to deliver a value-based price that appeals to more payers with increased value and provides maximum profit to the company. Payers use RWD to understand how treatments work and guide their medication coverage and reimbursement decisions.
Based on end user, in 2022, the pharmaceutical, biotechnology, and medical device companies’ segment is estimated to account for the largest market share of the RWD market. The large market share of this segment is attributed to the increasing importance of RWD in drug development & approvals, and the growing need to avoid costly drug recalls and assess drug performance in real-world settings. The healthcare landscape is developing and is shifting from volume to value-based care. Pharmaceutical companies have been looking for new ways to provide the best treatments to patients. RWD helps in understanding real-life clinical practices and actual health outcomes of drugs. Pharmaceuticals and biotechnology companies have adopted various strategies to demonstrate the value of their products, faster data collection, drive drug development, address regulatory requirements, support outcomes-based contracts, minimize the risk of product failure, and reduce products’ time to reach the market.
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Geographic Review:
This market research report analyses major geographies and provides a comprehensive analysis of North America (U.S., Canada), Asia-Pacific (China, Japan, India, Australia, and RoAPAC), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Latin America, and the Middle East & Africa.
Key Players
Key companies operating in the global RWD market are Anthem, Inc. (U.S.), IQVIA Holdings Inc. (U.S.), ICON plc (Ireland), PPD Inc. (U.S.), Clinigen Group plc (U.K.), Cognizant Technology Solutions Corporation (U.S.), Oracle Corporation (U.S.), PAREXEL International Corporation (U.S.), PerkinElmer, Inc. (U.S.), SAS Institute Inc. (U.S.), UnitedHealth Group Incorporated (U.S.), and Flatiron Health, Inc. (U.S.).
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Key questions answered in the report-
· Which are the high-growth market segments in terms of source, application, end user, and regions/countries?
· What was the historical market for real-world data (RWD) market across the globe?
· What are the market forecasts and estimates for the period 2022–2029?
· What are the major drivers, restraints, challenges, opportunities, and trends in the global real-world data (RWD) market?
· Who are the major players in the global real-world data (RWD) market?
· How is the competitive landscape, and who are the market leaders in the global real-world data (RWD) market?
· What are the recent developments in the real-world data (RWD) market?
· What are the different strategies adopted by the major players in the real-world data (RWD) market?
· What are the geographical trends and high growth regions/countries?
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Organic Fertilizers Market Worth $19.88 Billion by 2029
Meticulous Research® – a leading global market research company, published a research report titled, ‘Organic Fertilizers Market by Source (Animal, Plant, Minerals), Form (Dry, Liquid), Application Method (Broadcasting, Fertigation, Foliar Application), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses), and Geography - Global Forecast to 2029.’
According to this latest publication from Meticulous Research®, the global organic fertilizers market is expected to grow at a CAGR of 11.6% during the forecast period to reach $19.88 billion by 2029. Also, in terms of volume, the global organic fertilizers market is expected to grow at a CAGR of 6.7% during the forecast period to reach 38,570.5 KT by 2029.
Factors such as increasing demand for organic food and awareness about environmental safety due to the use of organic fertilizers are driving the growth of this market. However, the high demand for inorganic (synthetic) fertilizers and challenges to new entrants and small companies restrain the growth of the market to some extent. Moreover, the high availability of organic waste and advancements in the organic fertilizers manufacturing process is creating opportunities for this market.
The global organic fertilizers market study presents historical market data in terms of value and volume (2020 and 2021), estimated current data (2022), and forecasts for 2029. The market is segmented based on source, form, application, crop type, and geography. The study also evaluates industry competitors and analyses the market at regional and country levels.
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Scope of the report
Organic Fertilizers Market, by Source
· Animal-based Organic Fertilizers
o Blood Meal
o Animal Manure
o Bone Meal
o Other Animal-based Organic Fertilizers
· Plant-based Organic Fertilizers
o Green Manure
o Seaweed Extract
o Other Plant-based Organic Fertilizers
· Minerals
o Rock Phosphate
o Silica
o Other Mineral Organic Fertilizers
· Other Organic Fertilizers
Organic Fertilizers Market, by Form
· Dry Organic Fertilizers
o Granular
o Pellets
o Powder
o Other
· Liquid Organic Fertilizers
Organic Fertilizers Market, by Application Method
· Broadcasting
· Fertigation
· Foliar Application
· Other Methods
Organic Fertilizers Market, by Crop Type
· Cereals & Grains
o Wheat
o Maize/Corn
o Rice
o Other Cereals & Grains
· Fruits & Vegetables
· Oilseeds & Pulses
· Turf & Ornaments
· Other Crops
Organic Fertilizers Market, by Geography
· Asia-Pacific (APAC)
o Australia
o China
o India
o Japan
o RoAPAC
· Europe
o Spain
o Italy
o France
o Germany
o Rest of Europe (RoE)
· North America
o U.S.
o Canada
· Latin America
o Argentina
o Uruguay
o Brazil
o Mexico
o RoLATAM
· Middle East & Africa
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Based on source, in 2022, the animal-based organic fertilizers segment is estimated to account for the largest share of the global organic fertilizers market. This market segment is expected to grow at the fastest CAGR during the forecast period. The high growth of this segment is attributed to the high nutritional value, quick action & response, low quantity requirements, and easy and abundant availability of animal waste. Animal-based organic fertilizers are further segmented into blood meal, manure, bone meal, and other by-products. The blood meal segment is estimated to dominate the market for animal-based organic fertilizers in 2022 as it has >14% content of nitrogen and micronutrients such as zinc, copper, and boron.
Based on form, in 2022, the dry organic fertilizers segment is estimated to account for the largest share of the global organic fertilizers market. The large market share of this segment is attributed to its higher adoption in lawns & gardens, long-lasting effect, high efficiency in all climatic conditions, and high & easy availability of raw materials. However, the liquid organic fertilizers segment is expected to witness rapid growth during the forecast period due to its high efficiency, uniform application, high absorbability, and easy & cost-effective process. Moreover, the high adoption of liquid organic fertilizers in water-stressed areas supports the growth of this segment.
Based on application, in 2022, the broadcasting segment is estimated to account for the largest share of the organic fertilizers market. The large market share of this segment is attributed to the increasing implementation of modern irrigation systems, advantages of the fertigation method such as easy & safe application, maximum absorbability with minimum wastage of fertilizers, high efficiency, and its high adoption in organic orchard applications. However, the fertigation segment is expected to grow at the fastest CAGR during the forecast period.
Based on crop type, in 2022, the cereals & grains segment is estimated to account for the largest share of the organic fertilizers market. The large market share of this segment is attributed to the increasing demand for organic cereals & grains and the huge area under the organic cereals & grains cultivation.
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This research report analyzes and provides a comprehensive analysis of the major geographies: North America (U.S. and Canada), Europe (Spain, Italy, France, Germany, and Rest of Europe), Asia-Pacific (Australia, China, India, Japan, and Rest of Asia-Pacific), Latin America (Argentina, Uruguay, Brazil, Mexico, and Rest of Latin America) and the Middle East & Africa.
Asia-Pacific is estimated to account for the largest share of the organic fertilizers market in 2022, followed by Europe and Latin America. However, North America is expected to register the fastest CAGR during the forecast period. The high growth of this market is attributed to the rising growth of the organics sector due to increasing health awareness among the consumers, growing population and rising demand for organic products, continuously growing areas under organic cultivation, and government support and initiatives by other organizations and associations to promote organic agriculture and allied sectors across the region.
Key Players
The major players operating in the global organic fertilizers market include Italpollina S.p.A. (Italy), Multiplex Group of Companies (India), Coromandel International Limited (India), Midwestern BioAg (U.S.), Perfect Blend, LLC (U.S.), ILSA S.p.A. (Italy), California Organic Fertilizers, Inc. (U.S.), Biolchim S.p.A. (Italy), Qld Organics (Australia), FertPro Manufacturing Pty Ltd (Australia), National Fertilizers Limited (India), Southern Petrochemical Industries Corporation Ltd. (India), Fertoz Ltd. (Australia), The Scotts Miracle-Gro Company (U.S.), Suståne Natural Fertilizer, Inc. (Australia), and Fertikal NV (Belgium).
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Key questions answered in the report-
· Which are the high-growth market segments in terms of source, form, application method, crop type, and region?
· What was the historical market for organic fertilizers across the globe?
· What are the market forecasts and estimates for the period 2022–2029?
· What are the major drivers, restraints, opportunities, and challenges in the global organic fertilizers market?
· Who are the major players in the global organic fertilizers market?
· How is the competitive landscape, and who are the market leaders in the global organic fertilizers market?
· What are the recent developments in the global organic fertilizers market?
· What are the different strategies adopted by the major players in the global organic fertilizers market?
· What are the geographical trends and high growth regions/ countries?
· Who are the local emerging players in the global organic fertilizers market, and how do they compete with the global players?
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Robotic Process Automation Market Worth $47.19 Billion By 2029
Meticulous Research®—a leading global market research company, published a report titled ‘Robotic Process Automation Market, by Type (Software, Service), Process, Deployment (Cloud, On-Premise), Application, and Industry (BFSI, Telecom, and IT Industry), and Geography —Global Forecasts to 2029’.
According to the latest publication from Meticulous Research®, the Robotic Process Automation Market is expected to grow at a CAGR of 16.2% during the forecast period 2022–2029 to reach $47.19 billion. The growth of this market is attributed to the growing demand for automation in business processes, increasing adoption of advanced technologies to surge demand for robotic process automation solutions, and growing innovations in RPA to accommodate changing consumer demands. However, data insecurity risk is hindering the implementation of robotic process automation solutions in the financial sector. In addition, the growing demand for robotic process automation in logistics and the BPO sectors is expected to create significant growth opportunities for the players operating in this market. However, a lack of awareness regarding robotic process automation is a major challenge to the growth of this market.
The robotic process automation market is segmented based on type, process, deployment, application, and industry.
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Scope of the Report:
Robotic Process Automation Market, by Type
Model-based Application Tools
Process-based Application Tools
Consulting
Integration and Development
Training
Robotic Process Automation Market, by Process
Automated Solutions
Decision Support and Management Solutions
Interaction Solutions
Robotic Process Automation Market, by Deployment Mode
Cloud-base
On-premise
Robotic Process Automation Market, by Application
Administration and Reporting
Customer Support
Data Migration & Capture Extraction
Analysis
Other Applications
Robotic Process Automation Market, by Industry
Banking, Financial Services, & Insurance
Telecom & IT
Travel, Hospitality, & Transportation
Retail & Consumer Goods
Manufacturing & Logistics
Healthcare & Pharmaceuticals
Other Industries
Robotic Process Automation Market, by Geography
U.S.
Canada
China
Japan
South Korea
India
Singapore
Thailand
Australia
Taiwan
Rest of Asia-Pacific
Germany
U.K.
France
Netherlands
Norway
Italy
Spain
Switzerland
Sweden
Denmark
Rest of Europe
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Based on type, the robotic process automation market is segmented into software and services. In 2022, the services segment is estimated to account for the largest share of the robotic process automation market. The growth of this segment is attributed to the high competition among enterprises. It has urged the service providers to improve their consulting, training, and advisory services, and continuous upgrades in automation services that enable high scalability and minimize cost have driven the demand for RPA as a service. However, the software segment is expected to grow at the highest CAGR during the forecast period.
Based on process, the robotic process automation market is segmented into automated solutions, decision support & management solutions, and interaction solutions. In 2022, the automated solutions segment is estimated to account for the largest share of the robotic process automation market. The growth of this segment is attributed to its high degree of flexibility and scalability.
Based on deployment mode, the robotic process automation market is segmented into cloud-based and on-premise. In 2022, the on-premise segment is estimated to account for the largest share of the robotic process automation market. The high growth of this segment is attributed to the growth in adoption of on-premise RPA solutions by organizations that are seeking to save costs by having a large volume of processes automated through RPA and having sufficient IT support for maintaining the infrastructure. The cloud-based segment is projected to grow at the highest CAGR during the forecast period due to its benefits, such as greater scalability, security, and ease of access & management.
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Based on application, the robotic process automation market is segmented into administration & reporting, customer support, data migration & capture extraction, analysis, and other applications. In 2022, the administration & reporting segment is estimated to account for the largest share of the robotic process automation market. However, the analysis segment is poised to grow at the highest CAGR due to its analysis operations, including service trends, invoices, reports, and other works.
Based on industry, the robotic process automation market is segmented into banking, financial services, & insurance; telecom & IT industry; travel, hospitality, & transportation industry; retail & consumer goods; manufacturing & logistics industry; healthcare & pharmaceuticals; and other industries. In 2022, the banking, financial services, & insurance segment is estimated to account for the largest share of the robotic process automation market.
In the BFSI industry, robotic process automation controls and monitors interfaces to ensure seamless execution of transactions and to fix loopholes. It improves the accuracy and efficiency of different processes in this industry. These solutions help in regulatory reporting and balance sheet reconciliation by collating data from multiple systems and conducting a host of validation checks to prepare information for a detailed analysis. However, the healthcare & pharmaceuticals segment is projected to grow at the highest CAGR during the forecast period.
Geographic Review:
Geographically, the North American region is estimated to account for the largest share of the robotic process automation market in 2022. The large share of this market is mainly attributed to the high penetration rate of automation & process management solutions among government agencies and enterprises. Furthermore, the application of RPA is rising among SMEs in the region due to rising knowledge about improving various business functions, such as data entry, accounting/finance, procurement detail, record keeping, and several other HR-related functions.
Key Players:
The key players operating in the robotic process automation market are Uipath SRL (U.S.), Automation Anywhere Inc. (U.S.), Nice Systems Ltd. (Israel), Pegasystems Inc. (U.S.), Blue Prism PLC (U.K.), Ipsoft, Inc. (U.S.), Celaton Ltd. (U.K.), Verint System Inc. (U.S.), OnviSource, Inc. (U.S.), Kofax Inc. (U.S.), FPT Software (Vietnam), EdgeVerve Systems Limited (India), Daythree Business Services Sdn Bhd (Malaysia), Kryon Systems (Israel), and Genpact Ltd (U.S.).
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Key questions answered in the report-
Which are the high-growth market segments in terms of type, process, deployment, application, and industry?
What was the historical market for robotic process automation solutions?
What are the market forecasts and estimates for the period 2022–2029?
What are the major drivers, restraints, opportunities, and challenges in the robotic process automation market?
Who are the major players, and what shares do they hold in the robotic process automation market?
How is the competitive landscape in the robotic process automation market?
What are the recent developments in the robotic process automation market?
What are the different strategies adopted by the major players in the robotic process automation market?
What are the key geographic trends, and which are the high-growth countries?
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Scada Market Worth $57.2 Billion By 2028
Meticulous Research® – a leading global market research company published a research report titled “SCADA Market by Component (Hardware, Software, Services), Deployment (On-premises, Cloud-based, Hybrid), End User (Oil & Gas, Automotive, Food & Beverage, Power, Semiconductors & Electronics, Chemicals & Materials)– Global Forecast to 2028.”
According to the latest publication from Meticulous Research®, the global supervisory control and data acquisition (SCADA) market is projected to reach $57.2 billion by 2028, growing at a CAGR of 14.7% during the forecast period. The global SCADA market is witnessing growth due to the rising adoption of efficient control & monitoring solutions in industrial processes and growing demand for systems that monitor & control the manufacturing and industrial processes. These systems aid companies in reducing production waste and enhancing overall manufacturing efficiency with the help of trends and insights provided to the management. However, cyber threats associated with the SCADA systems where data is stored is restraining the growth of this market.
The SCADA market is gaining high pace due to several strategic developments adopted by industry leaders to develop their product portfolio. For instance, in April 2021, Mitsubishi Electric Corporation (Japan), an electrical product manufacturer and automation solution provider, renewed its SCADA lineup named GENESIS64 to provide two software for system monitoring and process control.
The market is segmented based on component (hardware [Programmable logic controller (PLC), remote terminal unit (RTU), communication systems, human-machine interface (HMI), other hardware components], software, services [professional services, managed services]), deployment mode (on-premise, cloud-based, and hybrid), and end user (oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users). The study also evaluates industry competitors and analyses the market at a country level.
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Scope:
SCADA Market by Component
Programmable Logic Controller (PLC)
Remote Terminal Unit (RTU)
Communication Systems
Human-machine Interface (HMI)
Other Hardware Components
Professional Services
Managed Services
SCADA Market by Deployment Mode
On-premise
Cloud-based
Hybrid
SCADA Market by End User
Oil & Gas
Chemicals & Materials
Paper & Pulp
Pharmaceuticals & Biotech
Mining & Metals
Food & Beverage
Power
Consumer Goods
Automotive
Machines & Tools
Semiconductors & Electronics
Aerospace & Defense
Other End Users
SCADA Market by Geography
U.S.
Canada
U.K.
Germany
France
Italy
Spain
Russia
Rest of Europe
China
India
Japan
South Korea
Rest of APAC
Brazil
Mexico
Rest of Latin America
UAE
Saudi Arabia
South Africa
Rest of the MEA
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Based on component, the SCADA market is segmented into hardware, software, and services. In 2021, the services segment is estimated to account for the largest share of the market due to the growing demand for installation, maintenance, repair, and training services associated with SCADA systems. The demand for efficient, professional services is expected to grow as companies offer services that will offer clients easy understanding and usage of SCADA systems.
Based on deployment mode, the market is segmented into on-premise, cloud-based, and hybrid. The cloud-based segment will witness high demand over the forecast timeline due to the increasing transformation of conventional industrial control systems to cloud-based SCADA systems. With the deployment of on-cloud SCADA solutions, companies can limit their IT costs as they are outsourced to provide support and maintenance for in-house servers.
Based on end user, the SCADA market is segmented into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. The food & beverage segment is expected to register the highest CAGR during the forecast period due to the high adoption of manufacturing automation and process control solutions across the F&B sector. SCADA improves production efficiency and increases profitability in the F&B plants. Deployment of SCADA in the processing and packaging part of the F&B industry offers enhanced integration, predictive & preventive maintenance, and traceability.
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This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (U.K., Germany, France, Italy, Spain, Russia, and RoE), Asia-Pacific (China, India, Japan, South Korea, and RoAPAC), Latin America (Brazil, Mexico, and RoLATAM), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and RoMEA). Europe is expected to grow at the highest CAGR during the forecast period due to the rapid transformation of European industries into smart factories. The European manufacturers are rapidly adopting automation and Industry 4.0 technologies, further supporting the demand for SCADA systems. High labor costs and limited availability in the region compels manufacturers to install automated solutions for all processes in the manufacturing & industrial settings.
Key Players
The key players operating in the global SCADA market are Rockwell Automation, Inc. (U.S.), Siemens AG (Germany), Eaton Corporation plc (Ireland), Schneider Electric SE (France), ABB Ltd (Switzerland), Yokogawa Electric Corporation (Japan), General Electric Company (U.S.), Emerson Electric Co. (U.S.), Honeywell International, Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Pilz GmbH & Co. KG (Germany), Survalent Technology Corporation (Canada), Valmet (Finland), and Hitachi, Ltd. (Japan).
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Which are the high growth market segments in terms of component, deployment, end user, and region/countries?
What was the historical market for SCADA across the globe?
What are the market forecasts and estimates for the period 2021–2028 in terms of revenue?
What are the major drivers, restraints, and opportunities in the global SCADA market?
Who are the major players in the SCADA market?
How is the competitive landscape, and who are the market leaders in the global SCADA market?
What are the recent developments in the global SCADA market?
What are the different strategies adopted by the major players in the global SCADA market?
What are the geographical trends and high growth regions/countries?
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CONTRACT RESEARCH ORGANIZATIONS MARKET TO REACH $64.4 BILLION BY 2027
Meticulous Research®– leading global market research company, published a research report titled “CROs Market by Services (Clinical Research [Phase II and Phase III], Pre-Clinical [Pharmacokinetics and Toxicology], Laboratory Services, and Others), Therapeutic Area (Oncology and Immunology), End User (Pharma & Biotech and Medical Device), and Geography- Forecast to 2027”.
According to this latest publication from Meticulous Research®, the global contract research organizations market is expected to grow at a CAGR of 6.5% from 2020 to 2027 to reach $64.4 billion by 2027. The growth of the contract research organizations market is mainly attributed to the rising demand for biopharmaceuticals, increasing clinical trials, and growing government support for biopharmaceutical manufacturing. Besides, significant opportunities from emerging markets, increasing demand for biosimilars, and continuous advancements in bioprocessing techniques support the growth of this market. However, product quality, IPR issues, and the outbreak of COVID-19 are the key factors expected to hinder the growth of the CROs market.
The global contract research organizations market study presents historical market data in terms of values (2018 and 2019), estimated current data (2020), and forecasts for 2027 – by Service (Clinical Research [Phase II and Phase III], Pre-Clinical [Pharmacokinetics and Toxicology], Laboratory Services, and Others), Therapeutic Area (Oncology and Immunology), End User (Pharma & Biotech and Medical Devices), and Geography. The study also evaluates industry competitors and analyzes their market shares at global and regional levels.
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Scope of the Report:
Contract Research Organizations Market, by Service
Phase I
Phase II
Phase III
Phase IV
Toxicology Testing
Pharmacokinetics
Other Services
(Note: Other pre-clinical services include biocompatibility testing, study design, development plans, documentation of protocols, authoring of pre-clinical reports, regulatory submissions, and others)
Chemistry, Manufacturing, and Control Services
Drug Discovery Services
Batch-Release Testing
Physical Characterization
Raw Material Testing
Stability Testing
Others
(Note: Other analytical testing services include method development, validation, residual testing, environmental monitoring, and microbial detection services)
Consulting Services
Contract Research Organizations Market, by Therapeutic Area
Oncology
Infectious Diseases
CNS Disorders
Cardiology
Metabolic Disorders
Immunology
Others
(Note: Other Therapeutic areas include hepatology, gastroenterology, ophthalmology, gastroenterology, respiratory diseases, dermatology, and muscular disorders)
Contract Research Organizations Market, by End User
Pharmaceutical & Biotechnology Companies
Research Institutes
Medical Device Companies
Contract Research Organizations Market, by Geography
U.S.
Canada
Germany
U.K.
France
Italy
Spain
Rest of Europe (RoE)
China
Japan
India
Rest of APAC (RoAPAC)
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By service, the clinical research services segment is estimated to account for the largest share of the contract research organizations market in 2020. The large share of this segment is mainly attributed to increased clinical trials globally, growth in outsourcing activities to conduct clinical trials at low costs, and growing collaborations between key players and clinical service providers to reduce failures. The consulting services segment is slated to grow at the highest rate during the analysis period due to the increasing probability of success in drug development through consulting, design, and implemental research as per indications of interest.
By therapeutic area, the oncology segment is estimated to account for the largest share of the contract research organizations market in 2020. The large share of this segment is mainly attributed to an increase in the number of oncology clinical trials globally, growth in government investments for the development of personalized medicines for oncology, and high demand for biosimilars for cancer. On the other hand, the metabolic disorder application segment is slated to grow at the highest rate during the analysis period due to increasing incidence of diabetes, obesity, hypercholesterolemia, and lysosomal storage diseases, increasing approvals of metabolic disorder drugs, and growing collaborations among the key players and academic institutes to develop metabolic drugs.
By end user, the pharmaceutical & biotechnology companies segment is estimated to account for the largest share of the global contract research organizations market in 2020. The major share of this segment is primarily attributed to an increase in R&D investments for drug development, growing collaborations of pharmaceutical companies with CROs to conduct clinical trials, and government initiatives to support the growth of pharmaceutical companies. On the other hand, the medical device companies segment is slated to grow at the highest CAGR due to technological advancements in medical devices and the increasing adoption of point-of-care devices.
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Geographic Review:
This research report analyzes major geographies and provides a comprehensive analysis for North America (the U.S. and Canada), Europe (Germany, France, the U.K., Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, India, and RoAPAC), Latin America, and the Middle East & Africa. North America is estimated to command the largest share of the global contract research organizations market in 2020, followed by Europe and Asia-Pacific. However, the Asia-Pacific market is expected to grow at the highest CAGR during the forecast period. Growth in this market is expected to be driven by developing economies and the growing aging population, coupled with the rising prevalence of chronic diseases. Also, growing investments in drug development research activities and an increase in outsourcing activities in India and China are further expected to drive the market growth.
Key Players:
The key players operating in the global contract research organizations market are IQVIA Holdings Inc. (U.S.), Laboratory Corporation of America Holdings (U.S.), Charles River Laboratories International, Inc. (U.S.), Wuxi Apptec Co., Ltd. (China), Medpace Holdings, Inc. (U.S.), PRA Health Sciences, Inc. (U.S.), Syneos Health, Inc. (U.S.), PARAXEL International Corporation (U.S.), Envigo RMS LLC (U.S.), ICON plc (Ireland), PPD, Inc. (U.S.), and SGS S.A. (Switzerland).
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Key Questions Answered in the Report-
Which are the high growth market segments in terms of service, application, end user, and geography?
What was the historical market for contract research organizations across the globe?
What are the market forecasts and estimates for the period 2020-2027?
What are the major drivers, restraints, challenges, opportunities, and trends in the global contract research organizations market?
Who are the major players in the global contract research organizations market?
How is the competitive landscape, and who are the market leaders in the global contract research organizations market?
What are the recent developments in the global contract research organizations market?
What are the different strategies adopted by the major players in the global contract research organizations market?
What are the geographical trends and high growth regions/countries?
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Europe Plant-Based Food Market Worth $16.70 Billion By 2029
Meticulous Research® – a leading global market research company, published a research report titled “Europe Plant-based Food Market by Type (Dairy Alternatives, Plant-based Meat, Meals, Confectionery, Beverages, Egg Substitutes, Seafood), Source (Soy, Wheat, Pea, Rice), Distribution Channel (B2B, B2C (Convenience Store, Online Retail))- Forecast to 2029”.
According to this latest publication from Meticulous Research®, the Europe Plant-based Food Market is expected to grow at a CAGR of 10.1% from 2022 to 2029 to reach $16.70 billion by 2029. This market is driven by the growing vegetarianism, declining meat consumption, increasing preference for plant food, and increasing venture capital investment in animal alternatives. However, the comparatively higher price range for plant-based food products and significant preference for animal-based products are expected to hinder the growth of this market to some extent.
The Europe plant-based food market study presents historical market data in terms of value (2020 and 2021), estimated current data (2022), and forecasts for 2029. The market is segmented based on source, type, distribution channel, and region/country.
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Scope of the report
Europe Plant-based Food Market, by Type
Milk
Cheese
Yogurt
Butter
Ice Cream
Creamer
Others
TVP
Burger Patties
Tempeh
Hot Dogs and Sausages
Seitan
Meatballs
Ground Meat
Nuggets
Crumbles
Shreds
Others
Europe Plant-based Food Market, by Source
Soy
Almond
Wheat
Pea
Rice
Others
Europe Plant-based Food Market, by Distribution Channel
Modern Groceries
Convenience Store
Specialty Store
Online Retail
Others
Europe Plant-based Food Market, by Country
Germany
U.K.
Spain
Italy
France
Netherlands
Belgium
Austria
Poland
Portugal
Rest of Europe (RoE)
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Based on type, the Europe plant-based food market is segmented into dairy alternatives, meat substitutes, meals, baked goods, confectionery, RTD beverages, eggs substitutes, seafood substitutes, and others. In 2022, the dairy alternatives segment is expected to hold the largest share of the plant-based food market in Europe. The large share of this segment is mainly attributed to increased demand for dairy alternatives from the lactose intolerant population. Due to the issues like lactose intolerance and milk allergy arising from the consumption of cow’s milk, there has been an increased demand for plant-based alternative milk in Europe. However, the seafood substitute segment is expected to grow at the highest CAGR during the forecast.
Based on the source, the Europe plant-based food market is segmented into soy, almond, wheat, pea, rice protein, and others. The soy segment is expected to hold the major share of the plant-based food market in Europe in 2022. The dominant position of this segment is mainly attributed to the rising demand for soy ingredients due to its easy availability, high quality, cost-effectiveness, wider application areas, and higher consumer acceptance for soy-based food products. However, the pea segment is expected to grow at the highest CAGR during the forecast period due to the recent rise in preference for pea-sourced plant-based food products, considering the allergen and gluten-free trend and growing investments from leading manufacturers to increase pea protein production.
Based on the distribution channel, the Europe plant-based food market is mainly segmented into B2B and B2C. The B2C segment is estimated to account for the largest share of the plant-based food market in Europe in 2022. The large share of this market is mainly attributed to increased shelf space for plant-based products in modern groceries, increased retail sales of plant-based food in supermarkets & hypermarkets, growing preference for shopping from brick-and-mortar grocers due to easy access & availability and increasing consumer acceptance for vegan & vegetarian food products. This segment is also expected to grow at the highest CAGR during the forecast period.
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Geographically, the Europe plant-based food market is segmented into Germany, the U.K., Spain, Italy, France, the Netherlands, Belgium, Austria, Poland, Portugal, and RoE. In 2022, Germany is expected to account for the major share of the plant-based food market in Europe. This growth can be attributed to the growing vegetarian population, increased consumer awareness, increasing concern about animal welfare, and growth in vegan & vegetarian restaurants. Veganism in Germany is becoming a popular trend. Vegans have doubled from 1.3 million in 2016 to 2.6 million in 2020. Almost 75% of German households would like to see a larger variety of vegetarian products in supermarkets. Less than two-thirds buy such products intentionally.
The key players operating in the plant-based food market in Europe are Beyond Meat Inc. (U.S.), Danone S.A. (France), Amy’s Kitchen Inc. (U.S.), The Hain Celestial Group, Inc. (U.S.), Daiya Foods Inc. (Canada), Marlow Foods Ltd. (U.K.), Taifun –Tofu GmbH (Germany), Vbite Food Ltd (U.K.), Plamil Foods Ltd (U.K.), Plant & Bean Ltd (U.K.), Unilever PLC (U.K.), Berief Food GmbH (Germany), Nestlé S.A. (Switzerland), The Meatless Farm (U.K.), and Veganz Group AG (Germany).
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Key questions answered in the report-
What are the high-growth market segments in terms of type, source, distribution channel, and countries?
What is the historical market for plant-based food in Europe?
What are the market forecasts and estimates for the period of 2022-2029?
What are the major drivers, restraints, and opportunities in the Europe plant-based food market?
Who are the major players in the Europe plant-based food market, and what share of the market do they hold?
What is the competitive landscape?
What are the recent developments in the Europe plant-based food market?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the Europe plant-based food market, and how do they compete with other players?
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Smart Cities Market Worth $545.7 Billion By 2027
Meticulous Research® – a leading global market research company published a research report titled “Smart Cities Market by Application (Smart Utilities, Smart Transportation, Water Management, Waste Management, Smart Healthcare, Smart Lighting, Smart Education), Component (Hardware, Software, and Services), and Geography- Global Forecast to 2027”.
According to this latest publication from Meticulous Research®, the Smart Cities Market is expected to grow at a CAGR of 22.9% from 2019 to reach $545.7 billion by 2027. The substantial growth in the global smart cities market is mainly attributed to the growing demand from the education, utilities, public safety, and transportation sectors. Besides, the government initiatives for overpopulation and urbanization management and growing requirement of resource management for sustainable development provide significant opportunities for the growth of the smart cities market. However, requirement for significant initial investment and rising cases of data theft and cybercrimes may limit the growth of the smart cities market to some extent during the forecast period. Moreover, reluctance shown by citizens to adopt new technologies is the major challenging factor observed in this market.
The global smart cities market study presents historical market data in terms of values (2017, 2018), estimated current data (2019), and forecasts for 2027 - by application (smart transportation, smart utilities, smart education, smart healthcare, smart public safety, governance, smart lighting solutions, and smart building), component (hardware, software, and services), and by geography. The study also evaluates industry competitors and analyzes the market at a country level.
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Scope of the Report:
Smart Cities Market, by Application
Parking Management
Ticketing & Travel Management
Traffic Management
Passenger information management system
Freight information system
Smart Meters
Meter Data Management
PV Monitoring
Smart Grid
Power electronics
Energy Storage
Connected Healthcare Solutions
Telemedicine
Surveillance
Command & Control Solutions
E-Governance Solutions
Emergency Management
Law Enforcement
City Planning
Lighting Control Systems
Energy Management Systems
Facility Management Systems
Smart Cities Market, by Component
Hardware
Software
Services
Smart Cities Market, by Region
U.S.
Canada
U.K.
Germany
France
Italy
Spain
Rest of Europe
China
India
Japan
Singapore
Rest of Asia-Pacific
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Based on application, the smart utilities segment commanded the largest share of the overall smart cities market in 2019. The introduction of smart grids, smart meters, and new ways of generating and transporting energy are being driven by the IoT. Smart water and electricity monitoring can help save money by giving people more control over their home utilities, while efficient refuse management will help to keep cities cleaner. The utility companies have started integrating with smart cities to generate new revenue opportunities.
Based on component, the services segment is anticipated to grow with the fastest growth rate in the overall smart cities market during the forecast period. The high growth of smart city services is primarily attributed to the consistent growth in the processes such as installation, maintenance, and up-keeping of smart city hardware and software in the coming years.
Geographically, North America commanded the largest share of the overall smart cities market in 2019 and is expected to maintain its dominance throughout the forecast period. The large share of this region is mainly attributed to the fast-developing advanced communication infrastructure, stringent measures for public safety and data privacy, growing focus on reducing carbon footprints using innovative ICT technologies and prioritizing the development of smart cities by many local and national government authorities. Furthermore, the government initiatives for overpopulation and urbanization management have boosted the overall smart cities market in the region. However, the Asia-Pacific region is expected to register the fastest growth during the forecast period.
Key Players:
Some of the key players operating in global smart cities market are CISCO Systems Inc. (U.S.), Huawei Technologies (China), IBM Corporation (U.S.), ATOS SE (France), Foxconn Electronics, Inc. (Taiwan), Robert Bosch GmbH (Germany), General Electric Company (U.S.), SIEMENS AG (Germany), L&T Infotech (India), Cognizant (U.S.), Capgemini (France), Schneider Electric SE (France), INTEL Corporation (U.S.), Qualcomm Technologies, Inc. (U.S.), and Fujitsu Ltd. (Japan), among others.
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Key questions answered in the report-
Which are the key application areas for smart city technologies that can bolster your revenue growth strategies?
Which are the high growth markets in smart cities that you should be focusing on to achieve sustainable growth?
Which geographic markets provide the fastest and highest revenue growth opportunities?
What are the major drivers, restraints, opportunities, and challenges in the global smart cities market?
Who are the competitors to look out for in the smart cities market? What market position do they hold in the smart cities market?
How is the competitive landscape in the global smart cities market? What strategies key vendors have been following to strengthen their market presence?
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Agriculture IOT Market Worth $22.6 Billion By 2028
Meticulous Research®—leading global market research company published a research report titled “Agriculture IoT Market by Component (Hardware, Software, Connectivity & Services), Application (Precision Farming, Smart Greenhouse, Livestock Monitoring, Smart Irrigation, Other Applications), and Geography — Global Forecasts to 2028”.
According to this latest publication from Meticulous Research®, the global Agriculture IoT market is expected to grow at a CAGR of 10.8% from 2020 to reach $22.6 million by 2028. Increasing public-private partnerships between key players and local government to promote agriculture IoT and integration of high-end analytics to improve the effectiveness of agriculture IoT is driving the growth of this market.
However, the lack of connectivity and infrastructure, especially in developing regions, restrains the growth of this market to a notable extent. In addition, the lack of technical knowledge among farmers and the lack of standardization in smart agriculture sectors pose a major challenge for the growth of the agriculture IoT market.
The global agriculture IoT market is segmented based on component, application, and geography. The study also evaluates industry competitors and analyses the market at the country level.
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Scope of the Report:
Agriculture IoT Market, by Component
Irrigation Controllers
Flow and Application Control Devices
Variable Rate Controllers
Soil Sensors
Water Sensors
Climate Sensors
Sensors for Livestock
On-premise
Cloud-based
Agriculture IoT Market, by Application
Yield Monitoring
Field Mapping
Crop Scouting
Weather Tracking & Forecasting
Variable Rate Technology
Inventory Management
Financial Management
Other Precision Farming Applications
Ambient Environmental Monitoring
Yield Monitoring
Water & Nutrient Management
Feeding Management
Breeding Management
Behavior Monitoring and Management
Other Livestock Monitoring and Management Applications
Agriculture IoT Market, by Geography
U.S.
Canada
Germany
U.K.
France
Italy
Spain
Switzerland
Netherlands
Rest of Europe
Japan
China
India
South Korea
Thailand
Indonesia
Australia
Vietnam
Rest of Asia-Pacific
Brazil
Mexico
Argentina
Rest of LATAM
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Based on component, the agriculture IoT market is broadly segmented into hardware, software, and connectivity & services. The hardware segment is further segmented into automation & control systems, sensing & monitoring devices, guidance & navigation, agriculture drones, handheld computers, displays, smart harvesters & forwarders, RFID tags & readers, and LED grow lights. The software segment is further categorized into on-premises and cloud-based software.
In 2021, the hardware segment accounted for the largest share of the agriculture IoT market. The large share of this segment is attributed to the rapid automation of agricultural processes, reduction in the prices of sensors, and the high adoption rate of livestock monitoring hardware, guidance controller systems, feed optimization devices, and smart greenhouse hardware.
However, the connectivity & services segment is expected to grow at the highest CAGR. The growth of this segment is attributed to the growing demand for network threat modeling, configuration management, vulnerability management, the need for identifying potential program risks concerning IoT system failure, the need for ensuring higher standards by offering 24/7 availability, and software integration & support.
Based on application, the agriculture IoT market is segmented into precision farming, smart greenhouses, livestock monitoring and management, smart irrigation, and other applications. The precision farming segment is further categorized into yield monitoring, field monitoring, crop scouting, weather tracking & forecasting, variable rate technology, inventory management, financial management, and others.
The smart greenhouse segment is further segmented into ambient environment monitoring, yield monitoring, and water & nutrient management.
The livestock monitoring and management segment is further segmented into feeding management, breeding management, behavior monitoring management, and others.
In 2021, the precision farming segment commanded the largest share of the global agriculture IoT market. The large share of this segment is attributed to the growing demand for high yield methods, availability of limited arable land, rising labor costs due to shortage of skilled laborers, government initiatives to adopt modern agricultural techniques, and the increasing adoption of variable rate technology (VRT), remote sensing technologies, and guidance technologies.
However, the livestock monitoring, and management segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment is attributed to factors, such as the increasing need for livestock monitoring and disease detection, the growing adoption of IoT sensors by dairy farmers, and the rising population of cattle due to increasing dairy farms.
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Based on geography, the global agriculture IoT market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America commanded the largest share of the global agriculture IoT market. The large market share of North America is attributed to the presence of global key players in the agriculture IoT market and the increasing adoption of modernized tools in industrial processes. The region dominated by the U.S is adopting disruptive technologies across the different end-use sectors, including agriculture.
However, Asia-Pacific is expected to grow at the highest CAGR throughout the forecast period. The high market growth in Asia-Pacific is attributed to the growing demand for the adoption of digital solutions in product development processes for reducing downtime and the rising investment potential in digital solutions by users to gain a competitive edge in the market. Also, the adoption of digital solutions by enterprises is rapidly increasing in Asia-Pacific, providing significant growth opportunities for the agriculture IoT market.
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Key Players
Some of the key players operating in the global Agriculture IoT market are Deere & Company (U.S.), Trimble Inc. (U.S.), AGCO Corporation (U.S.), DeLaval (Sweden), Raven Industries, Inc. (U.S.), GEA Group AG (Germany), Komatsu, Ltd. (Japan), Ponsse PLC (Finland), Farmer Edge Inc. (Canada), DICKEY-john (U.S.), CropX, Inc. (Israel), The Climate Corporation (U.S.), Topcon Positioning Systems, Inc. (U.S.), AgJunction Inc. (U.S.), Antelliq Corporation (U.S.), and TeeJet Technologies (U.S.).
Key questions answered in the report:
Which are the high-growth market segments in terms of component, application, and countries?
What is the historical market for agriculture IoT across the globe?
What are the market forecasts and estimates from 2021–2028?
What are the major drivers, restraints, and opportunities in the global agriculture IoT market?
Who are the major players in the global agriculture IoT market, and what shares do they hold?
Who are the major players in various countries, and what shares do they hold?
How is the competitive landscape?
What are the recent developments in the global agriculture IoT market?
What are the different strategies adopted by the major players in the market?
What are the geographic trends and high growth countries?
Who are the local emerging players in the global agriculture IoT market, and how do they compete with the other players?
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Water And Wastewater Treatment Market for Food Industry Worth $78.35 Billion By 2032
The main purpose of wastewater treatment in the F&B industry is to protect humans and the ecosystem from harmful and toxic elements found in wastewater discharge from food & beverage manufacturing plants. Water treatment facilities speed up the natural process of purifying water; these facilities use various processes (e.g., physical, chemical, and biological) to treat wastewater generated from F&B manufacturing plants to remove pollutants and send the purified water back into the environment.
The food industry is one of the most water-intensive sectors. Water is used for production purposes, refrigeration, steam generation, and cleaning during the manufacturing process. It is also used in large quantities as an integral component of the final products.
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Scope of the Report
Water and Wastewater Treatment Market for Food Industry, by Type
Wastewater Treatment
Water Treatment
Water and Wastewater Treatment Market for Food Industry, by Offering
Reverse Osmosis (RO) Membranes
Ultrafiltration (UF) Membranes
Microfiltration (MF) Membrane
Nanofiltration (NF) Membranes
Other Filtration Technologies
Water and Wastewater Treatment Market for Food Industry, by Cluster
Dairy
Cheese
Ice Cream
Non-alcoholic Beverages
Prepared Food
Powdered Food
Alcoholic Beverages
Meat, Poultry, and Seafood
Fruits and Vegetables
Other Clusters
Water and Wastewater Treatment Market for Food Industry, by Geography
China
Japan
Indonesia
Australia
South Korea
Malaysia
Thailand
Vietnam
Philippines
Singapore
Taiwan
New Zealand
Rest of Asia-Pacific
U.S.
Canada
Mexico
Germany
Spain
France
U.K.
Italy
Poland
Switzerland
Sweden
Belgium
Denmark
Rest of Europe
Brazil
Chile
Argentina
Rest of Latin America
Saudi Arabia
United Arab Emirates (UAE)
Kuwait
Iran
South Africa
Rest of the Middle East & Africa
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In its latest publication on the F&B water and wastewater treatment market, Meticulous Research® states that the market will grow at a CAGR of 6.8% from 2022–2032 to reach $78.35 billion by 2032.
The growth of the F&B water and wastewater treatment market is attributed to the high consumption of water in food processing; high concentration of organic and inorganic substances in wastewater; stringent wastewater purification standards in the food & beverage industry; and the increasing demand for energy recovery technology for biogas production from wastewater.
Furthermore, the growing demand for wastewater reuse in the F&B industry to improve water efficiency and ensure reliable, clean water sources in process operations is expected to provide significant growth opportunities for vendors operating in the F&B water and wastewater treatment market. However, the adoption of new technologies within the industry is a slow process due to food safety and hygiene concerns, which is expected to hinder the growth of this market to a notable extent. In addition, the aging and deterioration of existing water infrastructure pose major challenges for the growth of the F&B water and wastewater treatment market.
To provide efficient analysis, Meticulous Research® has segmented this market based on type (water treatment, wastewater treatment), offering (treatment technologies [membrane separation & filtration, sludge management technology, activated sludge, clarification], treatment chemicals, process control & automation, design, engineering, & construction services, operation & maintenance services), cluster (dairy; cheese; ice-cream; non-alcoholic beverages; prepared foods; powdered foods; alcoholic beverages; meat, poultry, and seafood; fruits and vegetables; and other clusters), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa).
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Based on type, the F&B water and wastewater treatment market is segmented into water treatment and wastewater treatment. In 2022, the wastewater treatment segment is expected to account for the largest share of the F&B water and wastewater treatment market. The large market share of this segment is attributed to the growing necessity for recycling and reusing wastewater in the F&B industry and the increasing adoption of niche technologies for by-product recovery and polymer extraction for bio-plastic production from F&B wastewater streams.
Based on offering, the F&B water and wastewater treatment market is segmented into treatment technologies; treatment chemicals; process control & automation; design, engineering, and construction services; and operation & maintenance services. In 2022, the design, engineering, and construction services segment is expected to account for the largest share of the F&B water and wastewater treatment market. The large market share of this segment is attributed to the increasing number of investments in water and wastewater treatment-related infrastructure in the F&B industry and the growing inclination of F&B manufacturing companies towards integrated turnkey project plans.
Based on cluster, the F&B water and wastewater treatment market is segmented into dairy; cheese; ice-cream; non-alcoholic beverages; prepared foods; powdered foods; alcoholic beverages; meat, poultry, and seafood; fruits and vegetables; other clusters. In 2022, the meat, poultry, and seafood segment is expected to account for the largest share of the F&B water and wastewater treatment market. The large market share of this segment is attributed to the growing need for sustainable wastewater treatment for slaughterhouse wastewater which contains high organic and nutrient contents, the increasing global production of beef, pork, and poultry meat, and the rising number of stringent environmental regulations.
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Geographic Review
The market is segmented into five major regions: Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the F&B water and wastewater treatment market. The high market growth in Asia-Pacific is driven by the rising demand for sustainable and advanced solutions due to the increasing burden on water resources and environmental pollution. The key F&B sectors creating the highest investment opportunities in the region, especially in China and India, include dairy and beverages.
The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by the leading market participants in the F&B water and wastewater treatment market over the last four years (2019–2022).
Key Players
The key players operating in the F&B water and wastewater treatment market are Suez Environnement S.A. (France), Veolia Environnement SA. (France), Xylem, Inc. (U.S.), DuPont de Nemours, Inc. (U.S.), 3M Company, Inc. (U.S.), Pentair plc (U.K.), United Utilities Group PLC (U.K.), Kingspan Group Plc (U.K.), The Dow Chemical Company (U.S.), BASF SE (Germany), Kurita Water Industries Ltd. (Japan), Bio-Microbics, Inc. (U.S.), Calgon Carbon Corporation (U.S.), Trojan Technologies Inc. (Canada), Kemira Oyj (Finland), Thermax Limited (India), Wog Technologies (India), Golder Associates, Inc. (Canada), SWA Water Technologies PTY LTD. (Australia), Burns & McDonnell (U.S.), Adroit Associates Private Limited (India), Sauber Environmental Solutions Pvt. Ltd. (India), SPEC Limited (India), Ecolab, Inc. (U.S.), GFL Environmental Inc. (U.S.), and Clean TeQ Water Limited (Australia).
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Artificial Intelligence (Ai) In Supply Chain Market Is Projected To Reach $21.8 Billion By 2027
Meticulous Research® – leading global market research company published a research report titled “Artificial Intelligence in Supply Chain Market by Component (Platforms, Solutions) Technology (Machine Learning, Computer Vision, Natural Language Processing), Application (Warehouse, Fleet, Inventory Management), & by End User - Global Forecast to 2027”.
According to this latest publication from Meticulous Research®, the global Artificial Intelligence in the Supply Chain Market is expected to grow at a CAGR of 45.3% from 2019 to reach $21.8 billion by 2027. Substantial growth in the global artificial intelligence in supply chain market is mainly attributing to the rising awareness of advanced technologies such as artificial intelligence and big data & analytics; consistent technological advancements in supply chain industry; and implementation of computer vision technology in both autonomous & semi-autonomous applications.
Incessantly growing number of IoT devices, rapidly increasing usage of internet, growing adoption of cloud services and AI-based business automation solutions are contributing to the growth of the market. Furthermore, technological transformation of the supply chain industry to enhance business visibility, risk management, inventory & warehouse management, supply chain planning, and automated quality inspections are also accelerating the demand for artificial intelligence. However, high procurement and operating costs coupled with the lack of internet infrastructure in some developing and underdeveloped countries is expected to hinder the market growth to a certain extent.
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Scope of the Report:
AI in Supply Chain Market by Component
Processors
Networking
Memory
AI Platforms
AI Solutions
Deployment & Integration
Support & Maintenance
AI in Supply Chain Market by Technology
Machine Learning
Computer Vision
Natural Language Processing
Context-Aware Computing
AI in Supply Chain Market by Application
Supply Chain Planning
Warehouse Management
Fleet Management
Virtual Assistant
Risk Management
Inventory Management
Planning & Logistics
AI in Supply Chain Market by End-User
Manufacturing
Food and Beverages
Healthcare
Automotive
Aerospace
Retail
Consumer-Packaged Goods
AI in Supply Chain Market by Geography:
U.S.
Canada
U.K.
Germany
France
Italy
Spain
Rest of Europe
China
India
Japan
Rest of Asia-Pacific
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Global artificial intelligence in supply chain market study presents historical market data in terms of values (2017 & 2018), estimated current data (2019), and forecasts for 2027- by component (hardware, software, and services), by technology (machine learning, computer vision, natural language processing, cognitive computing, and context-aware computing), by application (supply chain planning, warehouse management, fleet management, virtual assistant, risk management, inventory management, and planning & logistics), and by end-user (manufacturing, food and beverages, healthcare, automotive, aerospace, retail, and consumer-packaged goods), and region. The study also evaluates industry competitors and analyses the market country level.
Computer vision technology is spearheading the growth of AI in the supply chain industry. Consistently increasing labor costs and steadily decreasing costs of robotics or automation are supporting the growth of the computer vision technologies market in the supply chain industry.
Based on end-user, consumer-packaged-goods (CPG) industry is expected to register the fastest growth throughout the forecast period. The growth of the CPG segment is attributed to the consistent proliferation of the e-commerce sector across emerging economies. The use of AI in supply chain can offer profitable drop-shipping features such as providing product tracking, inventory management, and warehouse management.
Based on geography, the global artificial intelligence in the supply chain market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2018, North America dominated the AI market for supply chain industry. This is majorly attributed to the higher awareness and adoption of AI technologies among different industries in the region and increasing dedication of business enterprises towards enhancing the applications & solutions in their existing supply chain systems. However, Asia-Pacific is slated to grow at highest CAGR during the forecasted period. The growth is majorly attributed to the growing demand for AI-based business solutions for automation across several operational areas including supply chain management. Furthermore, increasing adoption of modern technologies including machine learning and natural language processing, government initiatives towards adoption of advanced technologies, and rapid digitalization are also contributing to the fastest growth in the Asia Pacific region.
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Key Players:
The major players operating in global artificial intelligence in supply chain market are Intel Corporation (U.S.), Amazon.com, Inc. (U.S.), Google LLC (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), IBM Corporation (U.S.), Samsung (South Korea), LLamasoft Inc. (U.S.), SAP (Germany), General Electric (U.S.), Deutsche Post AG DHL (Germany), Xilinx (U.S.), Micron Technology, Inc. (U.S.), FedEx (U.S.), and ClearMetal, Inc. (U.S.), among others.
Key questions answered in the report-
Which are the high growth market segments in terms of technology, application, end-use industry?
What was the historical market for artificial intelligence in supply chain across the globe?
What are the market forecasts and estimates for the period 2019-2027?
What are the major drivers, restraints, opportunities, and challenges in the global artificial intelligence in the supply chain market?
Who are the major players in the global artificial intelligence in supply chain market?
How is the competitive landscape in the global artificial intelligence in supply chain market?
What are the different strategies adopted by the major players in the global artificial intelligence in supply chain market?
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