Tag: Allied Market Research

Allied Market Research published a report, titled, “E-Waste Management Market by Material (Metal, Plastic, Glass, and Others), Source Type (Household Appliances, Industrial Electronics, and Consumer Electronics), and Application (Trashed and Recycled): Global Opportunity Analysis and Industry Forecast, 2022–2032″.

According to the report, the global e-waste management industry generated $57.81 billion in 2022, and is anticipated to generate $244.56 billion by 2032, witnessing a CAGR of 15.7% from 2022 to 2032.

Prime determinants of growth

Reduction in life span of electronic devices and scarcity of sources of precious metals are driving the growth of the market. However, increase in recycling cost incurred due to inadequacy of infrastructure hampers the growth of the market. Furthermore, e-waste initiatives by electronic manufacturers across the globe are expected to provide major growth opportunities for the e-waste management market during forecast period.

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The metal segment is expected to maintain its dominance during the forecast period

By material, the metal segment held the largest market share of the e-waste management market in 2022. This is attributed to rise in demand for precious metals. However, the others segment is expected to grow in the future at a CAGR of 17.8% from 2022 to 2032, as valuable rubber, ceramics, wood, concrete and plywood can be extracted from raw material used in manufacturing electronic products.

The home appliances segment is expected to maintain its dominance during the forecast period

On the basis of source type, the home appliances segment held the largest market share of the e-waste management market in 2022. This is attributed to increase in per capita income, technical advancements, and global population growth. However, the consumer electronics segment is expected to grow in the future at a CAGR of 17.8% from 2022 to 2032, as the production of consumer electronics is happening at a large scale.

The trashed segment is expected to maintain its lead position during the forecast period

On the basis of application, the trashed segment held the largest market share of the e-waste management market in 2022. This is attributed to the e-waste being disposed-off in the form of trash due to the absence of efficient recycling and recovery technology and the unlawful transfer of hazardous e-waste to developing countries. However, the recycled segment is expected to grow in the future at a CAGR of 17.8% from 2022 to 2032, as the popularity and demand for refurbished products is growing at an increasing rate.

Asia-Pacific to maintain its dominance by 2032

On the basis of region, Asia-Pacific dominated the e-waste management market in the year 2022. This is due to the new product development, price reductions and increasing per capita income. The region is expected to dominate the market as it is growing at a CAGR of 17.8% from 2022 to 2032.

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Leading Market Players: –

• Eniro-Hub Holdings Ltd.
• TES
• Capital Environment Holdings Limited
• Tetronics Technologies Limited
• ERI
• WM Intellectual Property Holdings, L.L.C.
• Sembcorp Industries (Temasek Holdings)
• Veolia
• MRI Technologies
• Umicore

The report provides a detailed analysis of these key players of the global e-waste management market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

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Allied Market Research published a report, titled, “Artificial Intelligence Market by Component (Hardware, Software, and Services), Technology (Machine Learning, Natural Language Processing, Computer Vision, Generative AI, Deep Learning, and Others), Industry Vertical (IT and Telecommunication, Retail and E-Commerce, BFSI, Healthcare, Manufacturing, Automotive, Agriculture, Education, and Media and Entertainment), Deployment (On-Premise and Cloud), Enterprise Size (Large Enterprise and Small and Medium-sized Enterprise), Business Function (Sales and Marketing, Supply Chain Management, Human Resource Management, Finance and Accounting, Cybersecurity, Legal and Compliance, and Operations), and Type (Pretrained Models, Customizable AI, Edge AI, and AI Marketplaces): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the global artificial intelligence (AI) industry generated $153.6 billion in 2023, and is anticipated to generate $3,636 billion by 2033, witnessing a CAGR of 37.3% from 2024 to 2033.

Prime determinants of growth

Rise in artificial intelligence maturity in the modern business enterprises and everyday lifestyle of people are signaling significant growth opportunities for the future of global market. In addition, growing digital and internet penetration around the world is positively impacting the growth of the artificial intelligence market.

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Covid-19 Scenario

• The artificial intelligence market has witnessed significant growth in the past few years and is expected to exhibit further notable growth, due to the outbreak of the COVID-19 pandemic. This is attributed to the surge in need of artificial intelligence among enterprises for improving their customers’ needs and to increase their revenue opportunity. In addition, use of artificial intelligence and machine learning technologies for managing growing volume of data generated from various devices in an organization drives the growth of the market.
• A number of vendors have reported an increase in their industrial profit during the second quarter of 2020. However, major players of the market are introducing new strategies to increase their market value as well as to increase their market share. Furthermore, various banks are using artificial intelligence to help study their customer base by using surveillance software and computer vision to watch people using banking services.

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The software segment to maintain its leadership status throughout the forecast period

Based on component, the software segment held the highest market share in 2023, accounting for nearly two-thirds of the global artificial intelligence (AI) market revenue, and is estimated to maintain its leadership status throughout the forecast period, as AI software is increasingly used in financial institutions for fraud detection, algorithmic trading, risk assessment, and customer service through chatbots and virtual assistants. However, the service segment is projected to attain the highest CAGR of 42.1% from 2024 to 2033, as AI models require continuous monitoring, updating, and maintenance.

The machine learning segment to maintain its leadership status throughout the forecast period

Based on technology, the machine learning segment held the highest market share in 2023, accounting for more than two-fifths of the global artificial intelligence (AI) market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the fact that machine learning solutions and technologies assist in reviewing massive volume of data and identifying particular trends and patterns that may get missed by humans. However, the generative AI segment is projected to attain the highest CAGR of 41.3% from 2024 to 2033, owing to the fact that These models are then capable of generating new data instances that resemble the training data. Further, generative AI is used to create realistic simulations and training scenarios for various industries, such as aviation and healthcare.

The on-premise segment to maintain its lead position during the forecast period

Based on deployment mode, the on-premise segment accounted for the largest share in 2023, contributing more than three-fifths of the global artificial intelligence (AI) market revenue, as on-premises deployment allows organizations to customize AI models and solutions to meet specific business needs, industry requirements, or regulatory constraints. However, the cloud segment is expected to portray the largest CAGR of 40.3% from 2024 to 2033. This is attributed to fact that cloud providers offer AI services, including machine learning platforms, natural language processing, and computer vision APIs, enabling organizations to access AI capabilities through simple APIs without managing underlying infrastructure. In addition, cloud platforms are  integrating machine learning operations (MLOps) and DevOps practices to streamline the development, deployment, and management of AI models.

The large enterprise segment to maintain its leadership status throughout the forecast period

Based on enterprise size, the large enterprise segment held the highest market share in 2023, accounting for nearly two-thirds of the global artificial intelligence (AI) market revenue, and is estimated to maintain its leadership status throughout the forecast period, as large enterprises are using AI to optimize supply chain operations, from demand forecasting and inventory management to logistics and supplier relationships. This helps reduce costs and improve efficiency. In addition, large healthcare organizations use AI for medical image analysis, patient diagnosis, drug discovery, and administrative tasks like medical billing and records management. However, the small & medium sized enterprises segment is projected to manifest the highest CAGR of 39.7% from 2024 to 2033, as SMEs are adopting AI-driven automation solutions to streamline business processes, such as customer support, data entry, and repetitive tasks.

The sales and marketing segment to maintain its leadership status throughout the forecast period

Based on business function, the sales and marketing segment held the highest market share in 2023, accounting for nearly one-third of the global artificial intelligence (AI) market revenue, and is estimated to maintain its leadership status throughout the forecast period, as AI tools assist marketers in content creation by generating articles, reports, and social media posts. They also suggest headlines, keywords, and content topics based on trending themes and user preferences. However, the cybersecurity segment is projected to attain the highest CAGR of 42.8% from 2024 to 2033, as artificial intelligence (AI) is revolutionizing the field of cybersecurity by providing advanced threat detection, proactive defense mechanisms, and enhanced incident response capabilities.

The pretrained models segment to maintain its leadership status throughout the forecast period

Based on type, the pretrained models segment held the highest market share in 2023, accounting for more than two-fifths of the global artificial intelligence (AI) market revenue, and is estimated to maintain its leadership status throughout the forecast period, as pretrained models that handle multiple data types (text, image, audio, etc.) are gaining prominence. These multimodal models are used for tasks like image captioning, video analysis, and speech recognition. However, the customizable AI segment is projected to attain the highest CAGR of 40.0% from 2024 to 2033, as organizations are increasingly looking for AI platforms that allow them to fine-tune and adapt pretrained models for specific use cases.

The IT and telecom segment to maintain its leadership status throughout the forecast period

Based on industry vertical, the IT and telecom segment held the highest market share in 2023, accounting for nearly one-fourth of the global artificial intelligence (AI) market revenue, and is estimated to maintain its leadership status throughout the forecast period, as the artificial intelligence market witnessed notable growth, owing to the surge in need for improvement and optimization of network infrastructure among telecom operators and continuous innovation in the IT & telecom sector. However, the healthcare segment is projected to attain the highest CAGR of 42.0% from 2024 to 2033, as The artificial intelligence market witnessed notable growth, owing to the surge in need for improvement and optimization of network infrastructure among telecom operators and continuous innovation in the IT & telecom sector.

North America to maintain its dominance by 2031

Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than two-fifths of the global artificial intelligence (AI) market revenue, owing to rise in technological advancements and a well-established technological industry. However, the Asia-Pacific region is expected to witness the fastest CAGR of 41.3% from 2024 to 2033, and is likely to dominate the market during the forecast period, owing to surge in the adoption of artificial intelligence (AI) software by prominent companies in this region.

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Leading Market Players: –

• Amazon Web Services Inc.
• Apple Inc.
• Google Inc.
• IBM Corporation
• Intel Corporation
• Microsoft Corporation
• NVIDIA Corporation
• Oracle
• SAP SE
• Siemens
• OpenAI

The report provides a detailed analysis of these key players of the global artificial intelligence (AI) market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

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Allied Market Research published a report, titled, “Centralized Refrigeration Systems Market by Component (Compressor, Condenser, Evaporator, Control, and Others), Refrigerant Type (Ammonia, Carbon Dioxide, F-Gases, and others), and End-User Industry (Commercial and Industrial): Opportunity Analysis and Industry Forecast, 2023–2032”. According to the report, the Centralized Refrigeration Systems industry generated $29.8 billion in 2022, and is projected to reach $49.5 billion by 2032, registering a CAGR of 5.2% from 2023 to 2032.

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A centralized refrigeration system cools a large space or multiple spaces efficiently from one central location. Centralized refrigeration systems are usually made up of a central cooling unit connected to a system of pipes or ductwork that distributes cooled air or cooled refrigerant to different areas. This type of cooling system is commonly used in commercial buildings, grocery stores, industrial settings, and other large-scale applications where cooling is required on a regular and efficient basis. Centralized cooling systems offer improved control, increased energy efficiency, and reduced maintenance requirements compared to individual cooling systems.
 
Prime Determinants of Growth:

The global centralized refrigeration systems market is experiencing growth due to several factors, including the growth of the refrigeration industry, the rise in the number of commercial building projects, and the advantages of centralized refrigeration. However, the requirement of high initial and maintenance costs and stringent government regulations restrict the market growth. Moreover, the Incorporation of the latest technology in centralized refrigeration systems presents new opportunities in the coming years.

Report Coverage & Details:

COVID-19 Scenario:

• The outbreak of the COVID-19 pandemic had a negative impact on the global centralized refrigeration systems market, due to the temporary closure of manufacturing firms during the lockdown.
• Not only the production but also the sale of refrigeration systems was hampered due to the closure of manufacturing sites across the world, especially in the initial period of the pandemic.
• However, the epidemic has returned to normalcy, and the market is growing rapidly.

The others segment to maintain its leadership status throughout the forecast period-

Based on components, the condensers segment held the highest market share in 2022, accounting for more than one-fifth of the global centralized refrigeration systems market revenue. Condensers are key components of any refrigeration system as they are essential for condensing the refrigerant into a saturated liquid state. In centralized refrigeration systems, water-cooled condensers and evaporative condensers are used to remove the heat extracted from the interior of the unit to the outside air. Furthermore, most of the condensers use cooling water and air as coolants, which in turn, is expected to fuel the demand for these condensers in refrigerated warehouses, cold storage rooms, and food & beverage processing industries. On the other hand, the others segment is expected to maintain its leadership status throughout the forecast period. Moreover, the controls segment would display the fastest CAGR of 7.1% from 2023 to 2032.

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The ammonia segment to maintain its leadership status throughout the forecast period-

Based on refrigerant, the ammonia segment held the highest market share in 2022, contributing to more than half of the global centralized refrigeration systems market revenue, and is expected to maintain its leadership status throughout the forecast period. Ammonia has a greater cooling capacity than other refrigerants, hence ammonia-based refrigeration systems are more energy efficient than those based on other refrigerants. On the other hand, the carbon dioxide segment would showcase the fastest CAGR of 7.0% throughout the forecast period. The demand for carbon dioxide refrigerant has rapidly increased in the centralized refrigeration systems market, as various industries prefer using carbon dioxide as a refrigerant where toxicity or flammability is a key concern. Carbon dioxide is used as the low-stage refrigerant in cascade installations.

The commercial segment to maintain its lead position during the forecast period-

Based on end-user industry, the commercial segment accounted for the largest share in 2022, contributing for more than four-fifths of the global centralized refrigeration systems market revenue, and industrial segment is projected to maintain its lead position during the forecast period. Industrial centralized refrigeration helps to remove heat from large-scale processes or materials, lowering the temperature to a desired value. Moreover, in industrial sectors, centralized refrigeration is also used in cold stores of industrial facilities, where perishable goods are stored. However, the industrial segment would portray the fastest CAGR of 5.8% during the forecast period.

Asia-Pacific garnered the major share in 2032-

Based on region, Asia-Pacific garnered the highest share in 2022, holding nearly two-fifths of the global centralized refrigeration systems market revenue, and is expected to maintain its dominance during the forecast period. Simultaneously the same segment would also cite the fastest CAGR of 6.2% during the forecast period. Ongoing growth in online grocery shopping across the region, with continuously expanding application areas of natural refrigerant-based refrigeration systems to drive the growth of the Asia-Pacific region.

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Leading Market Players: –

• Johnson Controls
• Carrier Global Corporation
• Emerson Electric Co.
• Gea Group
• Bitzer Se (Bitzer Kuhlmaschinenbau Gmbh)
• Lu-Ve S.P.A.
• Danfoss
• Evapco, Inc.
• Daikin Industries Ltd.
• Industrial Frigo S.R.L

The report provides a detailed analysis of these key players in the global centralized refrigeration systems market. These players have adopted different strategies such as new product launches, expansion, and acquisitions to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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Allied Market Research published a report, titled, “Location Based Services Market by Component (Hardware, Software, Services), by Technology (GPS, Assisted GPS (A-GPS), Enhanced GPS (E-GPS), Enhanced Observed Time Difference, Observed Time Difference, Cell ID, Wi-Fi, Others), by Application (Mapping and Navigation, Business Intelligence and Analytics, Fleet Management, Location-based Advertising, Local Search and Information, Social Networking and Entertainment, Proximity Marketing, Asset Tracking, Others), by Industry Vertical (Transportation and Logistics, Manufacturing, Government and Public Utilities, Retail, Healthcare and Life Sciences, Media and Entertainment, IT and Telecom, BFSI, Hospitality, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031″. According to the report, the global location-based services industry generated $45.4 billion in 2021, and is anticipated to generate $402.4 billion by 2031, witnessing a CAGR of 24.6% from 2022 to 2031.

Prime determinants of growth

Increase in adoption of social media & smart phones, easy availability of GPS, emergence of location-based technology, and the increase in number of smartphone users and internet accessibility drive the growth of the global location based services market. However, inflated cost of installation and maintenance and operational challenges are hampering the location-based services market growth. On the contrary, the growing penetration of 3G & 4G networks and continuous increase in the number of internet users are expected to offer remunerative opportunities for expansion of the location-based services market during the forecast period.

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Covid-19 Scenario

• The outbreak of the Covid-19 pandemic had a negative impact on the global location-based services market, owing to implementation of the global lockdown.
• At present, economies are shifting their focus from responding to the pandemic to economic recovery, and hence, with the growing demand for GPS-based solutions, various growth opportunities may emerge for the location-based services market players.

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The services segment to maintain its leadership status throughout the forecast period

Based on component, the services segment held the highest market share in 2021, accounting for nearly half of the global location-based services market, and is estimated to maintain its leadership status throughout the forecast period, as it provides location-based services typically create and implement mapping and navigation solutions into the intended infrastructure to introduce sophisticated navigational capabilities, which aids the firm in future marketing decisions. However, the software segment is projected to manifest the highest CAGR of 26.9% from 2022 to 2031, as it offers location analytics, risk analytics & geofencing, geospatial data transformation, and geocoding & reverse geocoding.

The Assisted GPS (A-GPS) segment to maintain its leadership status throughout the forecast period

Based on technology, the Assisted GPS (A-GPS) segment held the highest market share in 2021, accounting for nearly one-fifths of the global location-based services market, and is estimated to maintain its leadership status throughout the forecast period, owing to the combination of GPS and Cell ID tools. It links the positioning system of GSM operators with satellite positioning and uses both GPS technology and BTS position to correct any errors regarding exact location. However, the others segment is projected to manifest the highest CAGR of 28.3% from 2022 to 2031, owing to the use of methods such as time of arrival (TOA), angle of arrival (AOA), and time difference of arrival (TDOA).

The business intelligence and analytics segment to maintain its lead position during the forecast period

Based on application, the business intelligence and analytics segment accounted for the largest share in 2021, contributing to nearly one-fifths of the global location-based services market, as it helps in improving decision making, optimizing internal business, and increasing operational efficiency. However, the location-based advertising segment is expected to portray the largest CAGR of 29.3% from 2022 to 2031, and is projected to maintain its lead position during the forecast period. This is owing to a rise in the number of smartphone users along with growing adoption in retail & e-commerce sector.

North America to maintain its dominance by 2031

Based on region, North America held the highest market share in terms of revenue in 2021, accounting for more than two-fifths of the global location-based services market, owing to rise in technological advancements and a well-established media & entertainment industry. However, the Asia-Pacific region is expected to witness the fastest CAGR of 27.3% from 2022 to 2031, and is likely to dominate the market during the forecast period, owing to surge in the adoption of location-based services software by prominent companies in this region.

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Leading Market Players: –

• Apple, Inc.,
• Airtel India.,
• Cisco Systems, Inc.,
• IBM Corporation,
• Microsoft Corporation,
• Oracle Corporation,
• ALE International,
• AT&T Inc.,
• Google LLC,
• HERE,
• Qualcomm Technologies, Inc.

The report provides a detailed analysis of these key players of the global location-based services market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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