hicool-2021-global-entrepreneur-summit-was-held-in-beijing

HICOOL 2021 Global Entrepreneur Summit was held in Beijing

 

On September 11, the theme day of HICOOL 2021 Global Entrepreneur Summit was held in China International Exhibition Center (New Venue). With the theme of “Connect Startups Worldwide, Innovate Beijing Together” as the theme, centering on the construction of Beijing International Science and Technology Innovation Center, various activities were held at this Summit, including the award ceremony of HICOOL 2021 Global Entrepreneurship Competition, HICOOL Global Entrepreneur Summit Forum, on-site exhibition, venture capital connection in diversified forms such as competition, discussion, exhibition, investment and show. At the same time, the “Empower the Future” Global Young Entrepreneur Empowerment Program initiated by the Global CEO Council and the Beijing Talent Leading Group Office was also officially launched at the award ceremony.

Witnessing the glorious moment of more than 100 global award-winning projects

At the award ceremony of HICOOL 2021 Global Entrepreneurship Competition held in the morning, several of the world’s tycoons in venture capitalists jointly presented awards to the award-winning projects of HICOOL 2021 Global Entrepreneurship Competition and the winners of Bole Award. In order to further achieve the goal of global talent selection, based on focusing on overseas projects, this year’s competition opened up a new channel for the competition of local projects, and a total of 4,018 projects were registered for the competition. In addition, the competition also hit a record high in the number of applicants, with a total of 5,077 participants, of whom 25% are foreign nationals.

In order to further achieve the goal of identifying excellent entrepreneurial projects globally, based on focusing on overseas projects, HICOOL opened up a new channel for the competition of local projects this year. In 2021, the policy will be extended to cover the award-winning projects for Excellence Award, which also means that a larger number and wider range of global entrepreneurs will be entitled to HICOOL’s exclusive supporting preferential policies.

After the award ceremony, the “Empower the Future” Global Young Entrepreneur Empowerment Program was officially launched. This year, “Empower the Future” will take Beijing as the starting point and build an open and convenient international ecosystem aiming at the needs for innovation and entrepreneurship of global young entrepreneurs.

Collecting the wisdom of the world’s top tycoons in scientific innovation

In the keynote speech of this Summit, Shen Nanpeng from Sequoia China, Kai-Fu Lee from Sinovation Ventures, Zhang Hongjiang, President of Beijing Academy of Artificial Intelligence (BAAI) and other global top investors and entrepreneurs made an in-depth analysis of the development trend of global innovation in the keynote speech, seeking common development in the future.

In his speech, Shen Nanpeng mentioned that the theme of entrepreneurship in China is undergoing profound changes, and a technology-led era of entrepreneurship has arrived. With the brand new theme of entrepreneurship, Shen Nanpeng suggested that entrepreneurs should seek more resonance with the times in a “technology-driven”, “green-driven” and “responsibility-driven” way. In addition, in early investment, Shen Nanpeng believed that the concept of “half business, half public welfare” would help to create a “more dynamic and valuable” entrepreneurial ecosystem, and he announced that the Angel Investment and Seed Round enterprises invested by Sequoia would automatically obtain at least RMB one million from Sequoia in the second round of financing. Shen Nanpeng also stressed that the main line of China’s new era of entrepreneurship has become increasingly clear: It has been a long-term consensus at home and abroad to grow bigger and stronger in China; Innovation and entrepreneurship increasingly get back to original and hard core scientific and technological innovation; More dynamic qualitative changes are taking place in terms of business and public welfare.

In his speech, Kai-Fu Lee mentioned that entrepreneurs participating in HICOOL this year look stronger than those at the previous session last year! All of these companies are in the process of operating great tech startups, and it is great honor for Sinovation Ventures, that three of this year’s first prize winners are those we supported for investment at early stage, spanning the fields of artificial intelligence, robotics, and biotechnology. We can see four great technologies undergoing revolutionary changes, including AI automation, advanced computing, life science and new energy. We can see all kinds of new opportunities emerging, and science in such four aspects is not just about investment in them at early stage, instead, they will also exert mutual impact on each other. For example, advanced computing can enable automation, and automated factories can generate new energy technologies, or AI algorithms can be used in conjunction with life sciences. In the future, we can see a number of world-changing companies and new industries. We also hope that there will be a lot of Chinese companies among them.

In his speech, Zhang Hongjiang mentioned, “I think the new story of artificial intelligence is going to start with us today, start with large model, start with the application of large model, and start with the ecology of large model. Ultimately, the development of artificial intelligence cannot do without talents, and intelligence is where talents are. Beijing is the AI highland in China and even around the world, occupying the first place in 17 items in China, including scientific and technological resources, talent accumulation, platforms, and scientific research achievements. In terms of high-level AI talents, especially industrial talents and entrepreneurial talents, Beijing has an absolute advantage in China. Such kind of advantage is rare globally. I guess there are one or two cities in the United States which can be put on a par with Beijing. AI research talents are in Beijing, and AI entrepreneurs are in Beijing. The future of AI is definitely in Beijing. I hope we can further explore new opportunities on the highland of AI in Beijing, and jointly create new heights of scientific research and entrepreneurship on the platform and ecology of BAAI.

At HICOOL 2021 Global Entrepreneur Summit Forum and Global Innovation Technology demand Release held in the afternoon, in order to promote different industry partners to exchange entrepreneurial experience, ignite the passion for entrepreneurship and discuss innovation in Beijing, more industry opinion leaders and industry experts delivered keynote speeches on global innovation trends in terms of Wonderful Life Session, Medical and Health Session, Smart City Session/New Technology Session. Meanwhile, a number of multinational enterprises and industrial leading enterprises also made their innovation needs released and connected on the spot.

In order to fully display the achievements of the construction of Beijing International Science and Technology Innovation Center, highlight the “entrepreneur-centered” concept, and create an enthusiastic and active atmosphere for innovation and entrepreneurship, on the site of this Summit, there are the display zone with the theme of science and technology innovation in Beijing, the display zone with the theme of global innovation countries, the display zone of HICOOL excellent projects and other special display zones. Besides, there are also an international talent market and the venture capital connection area, which set up a zero distance communication platform for the connection of venture capital investment between entrepreneurs and investment institutions.

In the on-site venture capital connection area of investment institutions, more than 40 top investment institutions such as Sequoia China, Hillhouse Venture Capital and Frees Fund conducted in-depth connection and negotiations with entrepreneurs. At the same time, the Hong Kong Stock Exchange introduced the policies of listing in Hong Kong to entrepreneurs on the spot and provided a channel for the connection of listing resources. In 2021, in China, which takes the lead in realizing economic recovery, strategic emerging industries such as consumption innovation and upgrading, medical and health care, new infrastructure, hard technology will enjoy continuous development, and the new generation of infrastructure will be continuously deepened. HICOOL 2021 Global Entrepreneur Summit has become a vivid stage for the demonstration of these trends of venture capital.

Seizing the new opportunity to introduce high-quality projects to Beijing

HICOOL 2021 Global Entrepreneur Summit has explored and formed an innovation model for introducing high-quality entrepreneurial projects under the new situation through five core sessions including “competition, discussion, exhibition, investment and show”, which has attracted more than 6,000 international projects and nearly 10,000 global top entrepreneurial talents, forming a wide range of influence among overseas entrepreneurial circles and investors. Innovation and entrepreneurship are the source of vitality for economic development, as well as the key driving force for promoting economic and social development.

In 2020, despite the stagnation of global macro-economy, China’s GDP still achieved a growth of 2.3%, becoming the only major economy in the world to achieve positive growth. In the same year, the first session of HICOOL Global Entrepreneur Summit and Entrepreneurship Competition was successfully held, which not only verified the feasibility of extending innovative talents under the complex international situation, but also sent a “Signal of Beijing” featuring openness, win-win, innovation and entrepreneurship to high-quality entrepreneurship projects all over the world.

In 2021, combined with the visible changes in global economy and innovation development in the post-pandemic era, HICOOL 2021 Global Entrepreneur Summit will firmly seize the opportunity of the construction of the national comprehensive demonstration zone for expanding the opening-up of the service sector as well as the pilot free trade zone, fully promote the realization of the strategic goal of building Beijing International Science and Technology Innovation Center by 2025, innovate services, improve the chain, meet new challenges, and continuously optimize the innovation and entrepreneurship ecosystem, establish a new pattern of open and win-win development in Beijing, and create a grand event for talents with global influence.

link-mobility-‘established-cpaas-providers’-according-to-juniper-research

LINK Mobility ‘Established CPaaS providers’ according to Juniper Research

 

LINK Mobility (LINK), a global Communications-Platform-as-a-Service (CPaaS) provider, has been ranked as an established leader by Juniper Research in its new CPaaS Competitor Leaderboard, affirming LINK’s position in the market.  The report features key players of the CPaaS market offering services beyond mere messaging, including multi-channel messaging, voice, push notifications, and email.

Juniper Research is a European-based provider of business intelligence, specializing in the communications sector, providing an independent and unbiased assessment of industry players.  One of the report’s main takeaways is that CPaaS must provide managed services to international brands and enterprises, supporting a multitude of communication channels.

LINK scored highly in the leaderboard, with Juniper highlighting LINK’s integrations with Customer Relation Management (CRM) platforms such as Oracle, Salesforce, and Magento, as well as the ability to capitalize on the growth in Contact-Center-as-a-Service (CCaaS).  Key acquisitions such as WebSMS, Marketing Platform, and Tismi in Europe, and Message Broadcast in the US, coupled with the expected closing of Soprano (H2,2021) put LINK in a prime position for growth and scale in the CPaaS landscape.

Sam Barker, Lead Analyst at Juniper Research remarked, “LINK Mobility’s recent movements in the CPaaS market indicate clear strategies to increase its standing in the CPaaS space. We have scored them highly for innovation and future prospects and expect them to grow further in this rapidly evolving market.”

“LINK is very pleased to be recognized as established leaders within the Juniper Research CPaaS leaderboard; it is a testament to the execution of our well-defined CPaaS strategy. LINK is at the forefront of the market in terms of innovation, technology, and customer support. The resulting growth in key markets driven by accelerated demand for new use cases contributed to our positioning.” – Fredrik Nyman, CCO for LINK Mobility

on-board-charger-market-size-worth-$1396-billion-by-2028-|-cagr:-172%:-grand-view-research,-inc.

On-board Charger Market Size Worth $13.96 Billion By 2028 | CAGR: 17.2%: Grand View Research, Inc.

 

The global on-board charger market size is expected to reach USD 13.96 billion by 2028, registering a CAGR of 17.2% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increase in electric car sales globally. According to the statistics provided by the IEA organization, in 2019, electric car sales accounted for 2.1 million, registering a 40% year-on-year growth.

Key Insights & Findings:

  • The less than 11 kW segment is expected to witness the highest growth over the forecast period. The segment growth can be attributed to the growth in electric vehicle charging at homes
  • The buses segment is expected to witness the highest growth over the forecast period. The rise in sales of electric buses across the globe is expected to accentuate the segment growth
  • The Plug-In Hybrid Electric Vehicle (PHEV) segment is expected to witness the highest growth over the forecast period. Increased fuel efficiency and a longer driving range offered by a PHEV is driving the segment growth
  • The Asia Pacific regional market is expected to witness the highest growth owing to the increasing government initiatives for adopting electric vehicles in the emerging economies of the region

Read 150 page market research report, “On-board Charger Market Size, Share & Trends Analysis Report By Power Output (Less than 11kW, 11kW to 22kW, More than 22kW), By Vehicle Type, By Propulsion Type, By Region, And Segment Forecasts, 2021 – 2028“, by Grand View Research

The ban imposed by various governments on the use of fossil fuel vehicles is expected to increase the sales of electric vehicles, which is subsequently expected to create the need for on-board chargers. In the U.K., the government has released its plan of banning new fossil fuel vehicle sales by 2030 to help accentuate electric vehicle use. Additionally, in the U.S., California is also expected to ban the sales of gasoline-powered new trucks and passenger cars by 2035.

Tax benefits provided on the purchase of electric cars are also one of the major factors driving the market growth. In the U.K., significant tax benefits are being provided to company fleet operators and car drivers for switching to electric vehicles from April 2020. The zero tax rate will be applicable for electric vehicles with a range of over 130 miles and hybrid vehicles with emissions from 1 to 50 g/km.

The outbreak of the COVID-19 pandemic negatively impacted the market growth at the initial stages; however, the subsidies provided by various countries on the purchase of electric vehicles during the pandemic boosted the EV sales in the latter stage of the pandemic. For instance, in July 2020, the Chinese government extended the period of its subsidy program for new energy vehicles by two more years. Thus, the program that was expected to end by 2020 will be ending in 2022.

Grand View Research has segmented the global on-board charger market based on power output, vehicle type, propulsion type, and region:

  • On-board Charger Power Output Outlook (Revenue, USD Billion, 2017 – 2028)
    • Less than 11 kW
    • 11 kW to 22 kW
    • More than 22 kW
  • On-board Charger Vehicle Type Outlook (Revenue, USD Billion, 2017 – 2028)
    • Passenger Car
    • Buses
    • Vans
    • Medium & Heavy Duty Vehicles
    • Boats
    • Others
  • On-board Charger Propulsion Type Outlook (Revenue, USD Billion, 2017 – 2028)
    • Battery Electric Vehicle (BEV)
    • Plug-in Hybrid Electric Vehicle (PHEV)
  • On-board Charger Regional Outlook (Revenue, USD Billion, 2017 – 2028)
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
    • Asia Pacific
      • China
      • South Korea
      • Japan
    • Latin America
      • Brazil
    • Middle East & Africa

List of Key Players of the On-board Charger Market

  • Bel Fuse Inc.
  • Delta Energy Systems
  • STMicroelectronics
  • Toyota Industries Corporation
  • Eaton
  • Stercom Power Solutions GmbH
  • innolectric AG
  • BRUSA Elektronik AG
  • AVID Technology Limited
  • Ficosa Internacional SA

Check out more studies related to electric vehicles, conducted by Grand View Research:

  • Electric Vehicle MarketThe global electric vehicle market demand was estimated at 2,373.5 thousand units in 2019 and is expected to witness a CAGR of 41.5% 2020 to 2027.
  • Electric Vehicle Charging Infrastructure MarketThe global electric vehicle charging infrastructure market size was valued at USD 15.06 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 33.4% from 2021 to 2028.

Browse through Grand View Research’s coverage of the Global Automotive & Transportation Industry.

canaan-inc.-reports-unaudited-second-quarter-2021-financial-results-and-announces-change-of-board-composition

Canaan Inc. Reports Unaudited Second Quarter 2021 Financial Results and Announces Change of Board Composition

 

Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced its unaudited financial results for the second quarter ended June 30, 2021 and the Change of Board Composition.

Second Quarter 2021 Operating and Financial Highlights

Total computing power sold was 5.9 million Thash/s, up 126.9% from 2.6 million Thash/s in the same period of 2020 and up 200.0% from 2.0 million Thash/s in the first quarter of 2021, setting a new high mark. The robust year-over-year and sequential increases were mainly due to the increase in the number of Bitcoin mining machines being delivered driven by strong market demand.

As of June 30, 2021, the Company had cash and cash equivalents of RMB1,220.2 million (US$189.0 million), up 211.8% compared to RMB391.3 million as of December 31, 2020, primarily due to a larger number of down payments received by the Company as a result of the larger volume of sales orders of Bitcoin mining machines, as well as the net proceeds from the Company’s registered direct offering in May 2021.

Total net revenues were RMB1,081.8 million (US$167.5 million), marking the strongest quarterly sales in the Company’s operating history, up 507.3% from RMB178.1 million in the same period of 2020, and up 168.6% from RMB402.8 million in the first quarter of 2021.

Gross profit was RMB427.1 million (US$66.2 million), up 887.0% from RMB43.3 million in the same period of 2020, and up 119.9% from RMB194.2 million in the first quarter of 2021.

Net income was RMB245.0 million (US$37.9 million), marking the highest quarterly net profit since the Company’s initial public offering in 2019 (the “IPO”), compared to a net loss of RMB16.8 million in the same period of 2020 and a net income of RMB1.2 million in the first quarter of 2021.

Non-GAAP adjusted net income was RMB320.1 million (US$49.6 million), again signifying a new high mark since the Company’s IPO, compared to a non-GAAP adjusted net loss of RMB16.0 million in the same period of 2020 and a non-GAAP adjusted net income of RMB143.2 million in the first quarter of 2021.

Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, “We delivered a remarkable performance in the second quarter of 2021. Despite unexpected regulatory policy dynamics and Bitcoin price volatility, we achieved record-high topline results as we delivered a robust 5.9 million Thash/s of computing power to our clients. During the second quarter and recently, we also secured substantial preorders, thanks to the effective execution of our strategies, including business development in the overseas markets, institutional client relationship building, and strengthening our supply chain. Regarding our self-operated Bitcoin mining program, we plan to continue to deploy computing power to grasp the tremendous opportunities of Bitcoin mining. We also made encouraging strides in the AI business by launching our self-developed edge AI chip, Kendryte K510, and garnered demand from multiple outstanding clients in the technology field. Looking ahead, while we endeavor to gain greater market share in our Bitcoin mining machine business, we will continue our research and development efforts to further advance our underlying ASIC and edge computing technologies, propelling forward our growth prospects.”

Mr. James Cheng, Chief Financial Officer of Canaan, stated, “We reported solid financial results for the quarter. Besides the record-setting revenue of RMB1.08 billion and a non-GAAP net profit of RMB320.1 million, our vigorous book of preorders, primarily from overseas clients, have brought abundant prepayments, which further enhanced our cash position. This enabled us to secure future wafer supply, grow our research and development team, and carry out strategic investments. Currently, we are fully aware of the industry-wide challenges, such as Bitcoin price fluctuation, wafer supply instability, regulatory uncertainties in different countries. Nevertheless, we remain confident in our effective growth strategies, technologically advanced products, solid operating capabilities, as well as the enormous potential of the industry.”

Second Quarter 2021 Financial Results

Total net revenues in the second quarter of 2021 increased by 507.3% to RMB1,081.8 million (US$167.5 million) from RMB178.1 million in the same period of 2020, and up 168.6% compared to RMB402.8 million in the first quarter of 2021. The year-over-year and quarter-over-quarter increases were mainly due to the substantial increase in total computing power sold.

Cost of revenues in the second quarter of 2021 increased to RMB654.6 million (US$101.4 million) from RMB134.8 million in the same period of 2020 and RMB208.6 million in the first quarter of 2021. Both the year-over-year and sequential increases in cost of revenues were in line with the increases in the Company’s Thash sales volume and cost per Thash.

Gross profit in the second quarter of 2021 was RMB427.1 million (US$66.2 million), up 887.0% from RMB43.3 million in the same period of 2020 and up 119.9% from RMB194.2 million in the first quarter of 2021.

Total operating expenses in the second quarter of 2021 were RMB261.6 million (US$40.5 million), compared to RMB62.2 million in the same period of 2020 and RMB207.9 million in the first quarter of 2021, as the Company enhanced its investment in research and development efforts and sales bonus spending during the quarter.

Research and development expenses in the second quarter of 2021 were RMB64.0 million (US$9.9 million), representing an increase of 145.4% from RMB26.1 million in the same period of 2020 and an increase of 10.0% from RMB58.2 million in the first quarter of 2021. The increase was primarily attributable to the increased headcounts in technology related departments. Research and development expenses in the second quarter of 2021 also included share-based compensation expenses of RMB23.7 million (US$3.7 million).

Sales and marketing expenses in the second quarter of 2021 were RMB25.8 million (US$4.0 million), compared to RMB6.5 million in the same period of 2020 and RMB6.3 million in the first quarter of 2021. The increase was mainly attributable to the increased sales bonus for the outstanding sale performance in the quarter. Sales and marketing expenses in the second quarter of 2021 also included share-based compensation expenses of RMB1.8 million (US$0.3 million).

General and administrative expenses in the second quarter of 2021 were RMB171.9 million (US$26.6 million), compared to RMB29.6 million in the same period of 2020 and RMB143.4 million in the first quarter of 2021. The increase was mainly due to the staff cost and the rental costs for new offices expansion. General and administrative expenses in the second quarter of 2021 also included share-based compensation expenses of RMB126.5 million (US$19.6 million).

Income from operations in the second quarter of 2021 was RMB165.5 million (US$25.6 million), compared to a loss from operations of RMB18.9 million in the same period of 2020 and a loss from operations of RMB13.7 million in the first quarter of 2021.

Change in fair value of warrant liability in the second quarter of 2021 was a gain of RMB77.7 million (US$12.0 million), compared to nil in the same period of 2020 and nil in the first quarter of 2021, due to the fair value change in warrants issued in May 2021.

Net income attributable to ordinary shareholders in the second quarter of 2021 reached a new high since the Company’s IPO to RMB245.0 million (US$37.9 million), compared to a net loss of RMB16.8 million in the same period of 2020 and a net income of RMB1.2 million in the first quarter of 2021.

Non-GAAP adjusted net income in the second quarter of 2021 was RMB320.1 million (US$49.6 million), compared to a non-GAAP adjusted net loss of RMB16.0 million in the same period of 2020 and a non-GAAP adjusted net income of RMB143.2 million in the first quarter of 2021. Non-GAAP adjusted net (loss)/income excludes share-based compensation expenses and change in fair value of warrant liability. For further information, please refer to “Use of Non-GAAP Financial Measures” in this press release.

Foreign currency translation adjustment, net of nil tax, was a loss of RMB10.2 million (US$1.6 million), compared with a loss of RMB0.08 million in the same period of 2021 and a gain of RMB2.4 million in the first quarter of 2021, due to the US dollar depreciation against the Renminbi during the second quarter of 2021.

Basic net earnings per American depositary share (“ADS”) in the second quarter of 2021 was RMB1.46 (US$0.23). In comparison, basic net loss per ADS in the same period of 2020 was RMB0.11, while basic net earnings per ADS in the first quarter of 2021 was RMB0.01. Each ADS represents 15 of the Company’s Class A ordinary shares.

Diluted net earnings per ADS in the second quarter of 2021 was RMB1.40 (US$0.22). In comparison, diluted net loss per ADS in the same period of 2020 was RMB0.11, while diluted net earnings per ADS in the first quarter of 2021 was RMB0.01. Each ADS represents 15 of the Company’s Class A ordinary shares.

Contract liabilities as of June 30, 2021, were RMB1,040.6 million (US$161.2 million), increasing from RMB430.4 million as of December 31, 2020, mainly due to the increased down payments for the sales orders of Bitcoin mining machines to be delivered in the coming quarters.

As of June 30, 2021, the Company had cash and cash equivalents of RMB1,220.2 million (US$189.0 million), up 211.8% compared to RMB391.3 million as of December 31, 2020.

Recent Developments

The Company’s Share Repurchase Update

Between September 22, 2020, and September 12, 2021, the Company has cumulatively deployed approximately US$9.3 million to repurchase approximately 2.51 million ADSs under the Company’s share repurchase program with a total authorized amount of up to US$10 million.

Strategic Investment

On August 11, 2021, the Company through its wholly-owned subsidiary, Hangzhou Canaan Creative Information Technology Limited, entered into an agreement with Pixelworks Semiconductor Technology (Shanghai) Co., Ltd.(“PWSH”), a subsidiary of Pixelworks, Inc. (NASDAQ: PXLW) (“Pixelworks”) to invest approximately US$3.1 million in cash in exchange for an equity interest in PWSH (the “Investment”), subject to certain closing conditions. PWSH designs, manufactures and sales visual display processing semiconductors and custom application specific integrated circuits solutions for video applications, advanced media processing, and the efficient delivery and streaming of video in the target markets of smartphones, tablets, digital projection systems, high-quality video infrastructure equipment, and over-the-air streaming devices. This investment reflects the Company’s strategy of further expanding Canaan’s compelling computing power beyond cryptocurrency mining to AI solutions.

Change of Board Composition

Mr. Jiaxuan Li, a director of the Company, has stepped down from the board of directors of the Company for personal reasons, effective September 15, 2021.

Mr. Jiaxuan Li has served as a director of the Company since December 2015. Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, “On behalf of the board of directors, I would like to express our sincerest gratitude to Mr. Jiaxuan Li, for his outstanding contributions to the Company over the past years. We wish him success in his future endeavors.”

Business Outlook

For the third quarter of 2021, the Company expects total revenues to have a sequential increase of 10% to 30%. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.

Conference Call Information

The Company’s management team will hold a Direct Event conference call on Wednesday, September 15, 2021, at 8:00 A.M. Eastern Time (or 8:00 P.M. Beijing Time on the same day) to discuss the financial results. Details for the conference call are as follows:

Event Title:               Canaan Inc. Second Quarter 2021 Earnings Conference Call
Registration Link:     http://apac.directeventreg.com/registration/event/6764915

All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers, the Direct Event passcode, and a unique access PIN, which can be used to join the conference call.

A replay of the conference call will be accessible through September 22, 2021, by dialing the following numbers:

International:                     +61-2-8199-0299 
United States:                   +1-646-254-3697 
Hong Kong, China:           +852-3051-2780 
Replay PIN:                      6764915

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at investor.canaan-creative.com.

partner-relationship-management-market-size-worth-$18001-billion-by-2028:-grand-view-research,-inc.

Partner Relationship Management Market Size Worth $180.01 Billion By 2028: Grand View Research, Inc.

 

The global partner relationship management market size is expected to reach USD 180.01 billion by 2028, registering a CAGR of 16.2%, from 2021 to 2028, as per the new research conducted by Grand View Research, Inc. The need to control the functional relationship between external partner channels and organizations and emphasis on reducing channel management costs and enhancing partner communication are the major factors supporting the overall market growth.

Key Insights & Findings:

  • The training and consultation segment is expected to dominate the PRM market due to a surge in the adoption of consulting services globally. The segment is expected to reach USD 35.38 billion by 2028
  • The service segment is anticipated to register the highest CAGR of 17.3% over the forecast period
  • The cloud deployment segment led the market and the trend is expected to continue over the forecast period. The cloud segment is anticipated to reach USD 93.71 billion by 2028
  • The IT and telecom segment is anticipated to register the highest CAGR of 19.1% over the forecast period. The growth can be attributed to increasing demand for technological innovations in various sectors namely BFSI, and telecom
  • North America is projected to account for the majority share of the market over the forecast period. The region is anticipated to reach USD 68.3 billion by 2028. The rapid adoption of technological innovations and the presence of various prominent players in the region are some of the major drivers of the market growth in this region
  • Some of the prominent industry participants include Salesforce.com, Inc.; Allbound Inc.; Channeltivity; and Zinfi Technologies Inc.

Read 120 page market research report, “Partner Relationship Management Market Size, Share & Trends Analysis Report By Component, By Service (Managed Service, Training & Consultation), By Deployment Type, By Organization Size, By Application, By Region, And Segment Forecasts, 2021 – 2028“, by Grand View Research

Several enterprises are anxious about the initial maintenance and implementation costs. These enterprises also prefer to present data on-premises. Moreover, issues with downtime and staff expenses are some of the concerns faced by organizations. To reduce expenses and downtime, these enterprises prefer adopting Partner Relationship Management (PRM) solutions. To reduce enterprise costs, many organizations are shifting toward digital transformation and the adoption of cloud services. Increased Return on Investments (ROI) with less storage and infrastructure costs are expected to further drive the market growth over the forecast period.

Increasing internet penetration and cloud computing service in various countries such as China, the U.S., and the U.K. are expected to generate lucrative growth opportunities by supporting organizations in adopting technological innovations in their systems. For instance, according to the data published by World Bank, internet users in the U.S. have increased from 87.27% of the total population in 2017 to 88.49% in 2018. Similarly, in China, 54.3% of the country’s total population used the internet in 2017.

The outbreak of the COVID-19 pandemic has adversely impacted the market growth. The lockdown restrictions imposed by various governments have directed various organizations in the IT & telecom industry to adopt work from home. This has led to a significant decline in the adoption of partner relationship management services. However, with the economic revival and leniency in the lockdown restrictions, the market is expected to witness significant growth over the forecast period.

The prominent players that dominated the market for partner relationship management in 2020 include Oracle Corporation; Salesforce.com Inc.; Allbound Inc.; Zinfi Technologies Inc.; and Mindmatrix Inc. These players majorly focus on new product and service launches to enhance their business operations. In March 2020, Allbound introduced a new integration solution for HubSpot. The solution can mechanically integrate opportunities and contacts from partner referrals from Allbound and sync data.

Grand View Research has segmented the global partner relationship management market on the basis of component, service, deployment type, organization size, application, and region:

  • Partner Relationship Management Component Outlook (Revenue, USD Million, 2018 – 2028)
    • Solution
    • Service
  • Partner Relationship Management Service Outlook (Revenue, USD Million, 2018 – 2028)
    • Managed Service
    • Training & Consultation
  • Partner Relationship Management Deployment Type Outlook (Revenue, USD Million, 2018 – 2028)
    • On-Premise
    • Cloud
  • Partner Relationship Management Organization Size Outlook (Revenue, USD Million, 2018 – 2028)
    • Small and Medium Enterprise
    • Large Enterprise
  • Partner Relationship Management Application Outlook (Revenue, USD Million, 2018 – 2028)
    • BFSI
    • IT & Telecom
    • Retail & Consumer Goods
    • Manufacturing
    • Healthcare
    • Others
  • Partner Relationship Management Regional Outlook (Revenue, USD Million, 2018 – 2028)
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

List of Key Players of the Partner Relationship Management Market

  • Oracle Corporation
  • Salesforce.com Inc.
  • Channeltivity
  • Allbound Inc.
  • Zinfi Technologies Inc.

Browse through Grand View Research’s coverage of the Global IT Services & Applications Industry:

  • Artificial Intelligence Market  The global artificial intelligence market size was valued at USD 62.35 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 40.2% from 2021 to 2028.
  • IoT Market  The global Internet of Things (IoT) market size was valued at USD 605.69 billion in 2014. Technological proliferation and increasing investments are expected to drive the global market over the next seven years.
  • Business Intelligence Software Market  The global business intelligence software market size was valued at USD 24.9 billion in 2018 and is expected to witness a CAGR of 10.1% from 2019 to 2025. Large organizations have adopted the “Big Data” approach to organizing internal and external datasets.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

cujo-ai-protects-40-million-households,-creates-new-revenue-streams-for-network-operators

CUJO AI Protects 40 Million Households, Creates New Revenue Streams for Network Operators

 

CUJO AI, the global leader in intelligent broadband solutions that empower Internet Service Providers (ISPs) to optimize and monetize their networks,  today announced that it has surpassed a major milestone: CUJO AI is now available in 40 million households, and covers more than 1 billion devices, the largest inventory of devices in the world, with the broadest ability to detect, categorize and protect.

CUJO AI platform leverages an advanced set of machine-learning algorithms that can detect, recognize and classify connected devices, used applications and web content, security threats, and privacy risks from vast amounts of network data. Network operators that deploy CUJO AI solutions on their infrastructure offer advanced protection and ensure seamless device management on home, mobile, and public networks.

“The majority of end-users see ISPs as responsible for their security online,” says Einaras von Gravrock, CEO, CUJO AI. “Our clients see it as an opportunity. They already have a proven track record of bundling or cross-selling our security solutions to end-users as a value-added service.”

Last year, the company announced that another Tier-1 network service provider in Canada had chosen its services, making it the fourth top 5 residential broadband provider in Canada to deploy CUJO AI Digital Life Protection solutions. CUJO AI also provides its AI-powered cybersecurity and network intelligence solutions to the largest US broadband operators, Comcast and Charter Communications.

Market leaders trust CUJO AI to help them improve the in-home experiences for their broadband customer base by providing the tools to generate actionable customer insights and build value-added services for the home user. CUJO AI enables professional home network security monitoring, including real-time threat detection, data breach prevention, home network management, and many more functions, that equip end-users with the modern tools to take full control of their connected lives and secure their families online.

“We are proud to be trusted by the major network operators to address their increasing need to provide end-users with a seamlessly integrated suite of Digital Life Protection services. This milestone demonstrates that CUJO AI continues to stand out from the competition as we grow exponentially in market share, proving our technical and operational expertise,” continues Einaras von Gravrock.

CUJO AI is a member of the World Economic Forum’s Global Innovators Community and the Global AI Action Alliance. The company participates in the activities of a select group of the world’s most promising scale-ups at the forefront of technological and business model innovation, harnessing the transformative potential of AI, accelerating the adoption of trusted, transparent, and inclusive AI systems globally.

The latest industry recognition for CUJO AI includes the Best Machine Learning Platform award at the annual AI Breakthrough Awards, Cutting Edge in Cybersecurity Internet of Things (IoT) award at Global InfoSec Awards 2021, Best Network AI Innovation at Future Digital Awards 2021, Best Secured Network Initiative at Broadband World Forum 2020 Awards, Gold Winners in the Innovative Services category at Edison Awards 2020, Winners of the BIG Innovation Awards 2020, and Most Innovative Security Strategy at Leading Lights Awards 2019.

keenon-robotics-raises-200-million-($)-in-series-d-funding-led-by-softbank-vision-fund-2

Keenon Robotics raises 200 Million ($) in Series D funding led by Softbank Vision Fund 2

 

Keenon Robotics Co., Ltd, a leader in service robotics, today announced $200M in Series D funding, led by Softbank Vision Fund 2*, followed by CICC ALPHA and Prosperity7 Ventures (the diversified growth fund of Aramco Ventures). So far, this round is also the largest round of funding in the service robot field. China Renaissance is the exclusive financial advisor for this financing.

Founded in 2010, Keenon is an artificial intelligence company dedicated to providing intelligent delivery solutions globally. Its cutting-edge technologies and products have quickly become a must-have for an array of industries such as real estate, healthcare, and hospitality. As the world continues to look for ways to automate processes as a means to ensure safety, efficiency, and productivity, service robots are proving to be a successful solution to business needs.

Keenon will use the funding to “drive innovation through its in-house R&D to provide new, efficient, and cost saving applications, while scaling its current robot platform through the expansion in new markets and identifying new prospects to promote growth and boost revenue,” Tony Li, founder of Keenon Robotics.

Keenon currently has reached the markets in America, EuropeSouth Korea, and Singapore. By capitalizing on the strong relationships with its investors, Keenon focuses on building long-term value for the company by exploring new markets, trends, and customers.

Kentaro Matsui, Managing Director at SoftBank Group, former Managing Partner at SoftBank Investment Advisers, said: “We believe robotic solutions can have a profound impact across the services industry by assisting with repetitive, tedious workflows. Using AI and machine learning, combined with advanced manufacturing capabilities, Keenon is building innovative robotics to help increase productivity for restaurants, hotels, and hospitals in China and globally. We are pleased to partner with Li Tong and the Keenon team to support their mission of driving the smart autonomous delivery revolution.”

Maxwell Zhou, member of the founding team and executive general manager of CICC ALPHA said: The COVID-19 epidemic has significantly changed the way of communication. The non-contact economy will become an important development trend in the post-epidemic era. With the continuous maturity of positioning and navigation technologies such as laser SLAM and visual SLAM, commercial service robots represented by food delivery robots will usher in an explosion.

Keenon has been deeply involved in the commercial service robot track. Starting from the food delivery scenario, Keenon has gradually expand its application in hotels, KTVs, hospitals, and other scenarios, and continuously enlarge the scope of its industry-leading advantages. We are very optimistic about the future development prospects of Keenon Robotics.

Aysar Tayeb, Executive Managing Director of Prosperity7 Ventures, said, “The intersection of traditional automation with AI unlocks various new applications for robotics beyond typical repetitive tasks.  Keenon is leading integrating robots into the services industry, with various interesting applications. We are looking forward to support bringing these robots into Saudi Arabia, and help Keenon expand their rapidly growing global footprint.”

online-video-platform-market-size-worth-$2285-billion-by-2028:-grand-view-research,-inc.

Online Video Platform Market Size Worth $22.85 Billion By 2028: Grand View Research, Inc.

 

The global online video platform market size is expected to reach USD 22.85 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 18.4% from 2021 to 2028. The increasing adoption of video content for advertisement and branding activities over traditional marketing campaigns across sectors/industries, such as e-commerce, healthcare, manufacturing, and real estate, is driving the market. For instance, sellers on e-commerce sites such as Amazon and Zappos.com use product videos on their portals to provide customers a 360-degree view of products and help them choose the best match. The increased expenditure on online video advertisements is acting as a major factor driving the growth of the market. For instance, in 2019, SAMSUNG Electronics spent around USD 2.41 billion majorly on an online video campaign to promote its Galaxy series smartphones in the U.S.

Key Insights & Findings:

  • The media and entertainment end-user sector is expected to exhibit significant growth during the forecast period owing to an increase in the demand for live video streaming and Video on Demand (VoD) content
  • The Asia Pacific regional market is projected to substantial to record the highest CAGR of nearly 19% during the forecast period
  • The key players in the market are Akamai Technologies Inc.; Brightcove Inc.; Comcast Cable Communications Management, LLC.; Endavo Media.; Frame.io Inc.; Kaltura, Inc.; Limelight Networks; Longtail Ad Solutions, Inc.; MediaMelon Inc.; Ooyala (Telstra); Panopto; SpotX, Inc.; and Wistia Inc.

Read 200 page market research report, “Online Video Platform Market Size, Share & Trends Analysis Report By Component, Type (Video Processing, Video Analytics, Video Management), Streaming Type, End Users, By Region, And Segment Forecasts, 2021 – 2028”, by Grand View Research

The rising participation of the global population in online video streaming activities has been recognized as a significant factor driving the global market growth. Live video streaming is gradually becoming an essential advertisement model for various brands. One of the biggest gainers of this business model is live sports streaming channels. The rising number of sporting events globally and a continuously increasing number of subscribers make online video platforms a lucrative investment opportunity for the media and entertainment industry. Furthermore, the advent of the 5G telecom network is enabling viewers to stream HD video content seamlessly. In addition, The e-learning business has become one of the leading beneficiaries of the live streaming video platform due to the increasing adoption of e-learning in corporate and academic setups coupled with the increased number of mobile learning applications containing analytics that helps track the progress of students.

The outbreak of the novel coronavirus has led to lockdowns across several regions, resulting in a significant rise in the consumption of online video content as people look at indoor entertainment options to pass their idle time. The lockdowns have also resulted in several governments mandating schools and colleges to conduct online classes. The pandemic has played a significant role in increasing the overall share of the education segment in the market. The rise in online classes has resulted in an overall rise in the revenue of many e-learning platforms. Platforms such as KopyKitab, Unacademy, Vedantu, and Byju’s, have witnessed revenue growth in the range of 60% to 200% on a week-on-week basis during the pandemic.

Grand View Research has segmented the global online video platform market based on component, type, streaming type, end-user, and region:

  • Online Video Platform Component Outlook (Revenue, USD Million, 2018 – 2028)
    • Solution
    • Services
  • Online Video Platform Type Outlook (Revenue, USD Million, 2018 – 2028)
    • Video Processing
    • Video Management
    • Video Distribution
    • Video Analytics
    • Others
  • Online Video Platform Streaming Type Outlook (Revenue, USD Million, 2018 – 2028)
    • Live Streaming
    • Video on Demand
  • Online Video Platform End-user Outlook (Revenue, USD Million, 2018 – 2028)
    • Media & Entertainment
    • BFSI
    • Retail
    • Education
    • IT and Telecom
    • Others
  • Online Video Platform Regional Outlook (Revenue, USD Million, 2018 – 2028)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • South America
      • Brazil
    • Middle East and Africa (MEA)

List of Key Players of Online Video Platform Market

  • Akamai Technologies
  • Brightcove Inc.
  • Comcast Cable Communications Management, LLC
  • Endavo Media.
  • Frame.io, Inc.
  • Kaltura, Inc.
  • Limelight Networks
  • Longtail Ad Solutions, Inc.(JW Player)
  • Ooyala (Telstra)
  • MediaMelon Inc.
  • Panopto
  • SpotX, Inc.
  • Wistia Inc.

Check out more studies related to online media and platforms, conducted by Grand View Research:

  • Online Media Market – The global online media market is expected to witness growth over the forecast period, driven by the proliferation of internet users and the high adoption rate of smartphones and portable devices. Shift from print media to online advertising coupled with technological advancements is expected to boost online media market growth.
  • Video As A Service Market – The global video as a service market size was valued at USD 2.13 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 39.7% from 2021 to 2028. Owing to the high growth potential, several new players are entering this market with solutions similar to the existing ones.
  • Enterprise Streaming Media Market – The global enterprise streaming media market size was valued at USD 15.85 billion in 2017. It is likely to expand at a CAGR of 17.8% from 2018 to 2025. Geographical expansion of enterprises, spiraling demand for video streaming, and increasing internet penetration have been providing a thrust to the market.
neuromod-appoints-eric-timm-as-us-chief-executive-officer

Neuromod appoints Eric Timm as US Chief Executive Officer

 

Neuromod Devices Ltd, the medical device company which specialises in neuromodulation technologies, has announced the appointment of Mr. Eric Timm as Chief Executive Officer of its recently established US entity, Neuromod USA Inc., effective from 1st October 2021.

Mr. Timm’s appointment to lead the U.S. business comes as Neuromod prepares to enter the U.S. market with its proprietary medical device for tinnitus treatment, pending approval from the Food and Drug Administration.

Mr. Timm has significant experience, with leadership positions in medical devices and hearing aid companies spanning more than 35 years. He joins Neuromod from WS Audiology, one of the biggest hearing aid manufacturers in the world, where he was President and Chief Executive Officer of the company’s U.S. wholesale business.

Before that, he was CEO of Sivantos USA when it merged with Widex to become WS Audiology. He had previously been Chief Operating Officer of Sivantos USA. In addition, Eric has held general management, sales, marketing and corporate strategy leadership positions at Phonak, Cardinal Health, Bristol-Myers Squibb and 3M.

In August, Neuromod announced the hiring of three experienced hearing healthcare executives to form Neuromod USA’s leadership team and prepare for entry to the US market. Stephanie Glowacki joined the organization as Chief Financial Officer, Dr. Tish Ramirez (AuD) as Chief Commercial Officer, and Holly Dean as Director, Commercial Sales.

Working with the leadership team, Mr. Timm will be responsible for the development of the organization’s strategy to work with the private and public hearing healthcare ecosystem to bring Neuromod’s interventions for tinnitus to US patients.

Tinnitus is believed to affect between 10 and 15% of the global population. In the United States it is estimated that almost 50 million people suffer from this neurological condition[i], commonly referred to as ‘ringing in the ears’. Of these, roughly 20 million people struggle with burdensome chronic tinnitus[ii]. According to the United States Department of Veteran Affairs, more than two million U.S. Veterans receive disability payments for service-connected tinnitus. This unmet clinical need makes tinnitus the department’s largest and fastest growing cause of service-connected disability[iii].

Speaking on the appointment of Mr. Timm, Dr Ross O’Neill, CEO of Neuromod Devices commented: “Eric is a highly regarded executive that has operated at the highest levels in the hearing industry so we are delighted to have him on board to lead Neuromod’s operation in the United States of America. In anticipation of FDA approval, we are developing our infrastructure to give ourselves the fastest start to meeting the needs of people living with tinnitus in the USA, a population that has been chronically underserved when it comes to patient care. Eric’s vast experience and leadership will be instrumental for Neuromod in this exciting and pivotal time and I very much look forward to working with him.”

Mr. Timm holds an MBA from the University of Wisconsin-Madison and a BA from Gustavus Adolphus College. He has also participated in post-graduate development studies with the faculty of INSEAD, the Kellogg Graduate School of Management at Northwestern University, as well as civilian training in warnings intelligence and countermeasures planning from the United States Defense Intelligence College.

Mr. Eric Timm said: “Neuromod is a unique company and its vision, to deliver treatments that reduce the suffering of patients underserved by existing clinical treatment options, is equally ambitious and inspiring. The company’s Lenire tinnitus treatment device is backed by science which is pushing tinnitus care forward and is empowering patients and caregivers in Europe to successfully treat their condition. It’s estimated that 50 million people in the USA suffer from tinnitus. Tinnitus is a serious medical condition and it deserves a serious, evidence-based treatment option.”

Neuromod USA Inc. is a wholly owned subsidiary of Neuromod Devices Ltd. The company specializes in non-invasive neuromodulation technologies and has developed Lenire, the first non-invasive bimodal neuromodulation device for the treatment of tinnitus which has been clinically proven in large-scale clinical trials to soothe tinnitus symptoms. To date Neuromod has raised more than €26 million in venture financing to fund ongoing expansion of the availability of Lenire in Europe and the organisation’s FDA submission process in the US.

Lenire uses bimodal neuromodulation to treat tinnitus symptoms. It delivers mild electrical pulses to the tongue combined with sound played through headphones to drive long-term changes or neuroplasticity in the brain to treat tinnitus.

Lenire is currently available from clinics in IrelandGermany, the United KingdomBelgiumAustria and Switzerland. It is prescribed and fitted under the supervision of a qualified healthcare professional who specialises in the field of tinnitus treatment such as audiologists and Consultant Otolaryngologists or ENTs (Ear, Nose and Throat).

The device has been used in large-scale clinical trials with over 500 patients. The first of these clinical trials, involving 326 participants, was published in October 2020 as the cover story in the internationally renowned journal Science Translational Medicine and reported significant improvements in patients’ tinnitus symptoms[iv]. 86.2% of treatment-compliant participants reported an improvement in their tinnitus symptoms after a 12-week treatment period. When followed up 12 months post treatment, 80.1% of these participants had sustained the improvements. This study represents one of the largest and longest followed-up clinical trial ever conducted in the tinnitus field.

infectious-disease-molecular-diagnostics-market-size-worth-$408-billion-by-2028:-grand-view-research,-inc.

Infectious Disease Molecular Diagnostics Market Size Worth $40.8 Billion By 2028: Grand View Research, Inc.

 

The global infectious disease molecular diagnostics market size is expected to reach USD 40.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 3.0% from 2020 to 2028. The market is driven by the introduction of technologically advanced products and an increase in demand for molecular diagnostics in PoC settings.

Key Insights & Findings:

  • The reagent segment is expected to exhibit the fastest growth rate attributable to increased adoption
  • The growing geriatric population in Asian countries, such as Japan and China, with high untapped opportunities is expected to drive the market for infectious disease molecular diagnostics in the region during the forecast period
  • The In Situ Hybridization (ISH) segment is anticipated to witness the fastest growth rate owing to high sensitivity and lower complexity
  • The high growth rate of the market for infectious disease molecular diagnostics in the Asia Pacific can be attributed to increased access to healthcare in the developing nations

Read 169 page market research report, “Infectious Disease Molecular Diagnostics Market Size, Share & Trends Analysis Report By Product (Instruments, Reagents), By Technology (PCR, ISH, INAAT), By End-use, By Application, By Region, And Segment Forecasts, 2021 – 2028”, by Grand View Research

Rapid technological advancements with portability, accurate results, and cost-effectiveness are anticipated to serve as crucial drivers of the market for infectious disease molecular diagnostics. Companies are upgrading their products by implementing new techniques to gain specific and accurate results. Key players are updating their product portfolio for PCR instruments with increased R&D initiatives for developing novel kits to target emerging diseases or by entering into agreements with other kit manufacturing companies.

Technologies such as INAAT, mass spectroscopy, and ISH are advanced and have a low false-positive rate as compared to other traditional diagnostic tests. Advantages such as the cost-effectiveness and user-friendliness of this technology and the accuracy offered are estimated to increase the adoption of this technology.

The use of molecular diagnostics in research institutes is increasing. The use of techniques such as PCR, western blotting, and southern blotting is becoming common. Moreover, the spread of SARS-CoV-2 infection globally has led to an increase in research funding by governments as well as diagnostic companies to search for innovative molecular diagnostics.

Molecular diagnostics deliver effective and accurate results. Moreover, these tests enable the early detection of diseases, maintaining a low threat of substitutes. However, the high prices of these tests are expected to encourage patients to shift to external substitutes. Moreover, for the detection of newer infections such as SARS-CoV-2, the rate of internal substitution is high, which boosts competitive rivalry.

Grand View Research has segmented the global infectious disease molecular diagnostics market based on product, end use, technology, application, and region:

  • Infectious Disease Molecular Diagnostics Product Outlook (Revenue, USD Million, 2017 – 2028)
    • Instruments
    • Reagents
    • Services
  • Infectious Disease Molecular Diagnostics End-use Outlook (Revenue, USD Million, 2017 – 2028)
    • Hospitals
    • Clinics
    • Diagnostics Laboratories
    • Research Institutes
  • Infectious Disease Molecular Diagnostics Technology Outlook (Revenue, USD Million, 2017 – 2028)
    • Polymerase Chain Reaction (PCR)
      • PCR, by Type
        • Multiplex PCR
        • Other PCR
      • PCR, by Product
        • Instruments
        • Reagents
        • Services
    • In Situ Hybridization
      • Instruments
      • Reagents
      • Services
    • Isothermal Nucleic Acid Amplification Technology (INAAT)
      • Instruments
      • Reagents
      • Services
    • Chips and Microarrays
      • Instruments
      • Reagents
      • Services
    • Mass Spectrometry
      • Instruments
      • Reagents
      • Services
    • Sequencing
      • Instruments
      • Reagents
      • Services
    • Transcription Mediated Amplification
      • Instruments
      • Reagents
      • Services
    • Others
      • Instruments
      • Reagents
      • Services
  • Infectious Disease Molecular Diagnostics Application Outlook (Revenue, USD Million, 2017 – 2028)
    • Respiratory Diseases
    • Tuberculosis
    • Meningitis
    • Gastrointestinal Tract Infections
    • HPV
    • Sexually Transmitted Infections
    • Sepsis
    • Drug Resistance Diseases
    • Other Infectious Diseases
  • Respiratory Diseases Outlook (Revenue, USD Million, 2017 – 2028)
    • Respiratory Diseases, By Product (Revenue, USD Million, 2017 – 2028)
      • Instruments
      • Reagents
      • Services
    • Respiratory Diseases, By End Use (Revenue, USD Million, 2017 – 2028)
      • Hospitals
      • Clinics
      • Diagnostics Laboratories
      • Research Institutes
    • Respiratory Diseases, By Technology, (Number of Tests Performed from 2017 – 2028 in Million) (Revenue, USD Million, 2017 – 2028)
      • Polymerase chain reaction (PCR)
      • In Situ Hybridization
      • Isothermal Nucleic Acid Amplification Technology (INAAT)
      • Chips and Microarrays
      • Mass Spectrometry
      • Sequencing
      • Transcription Mediated Amplification
      • Others
  • Tuberculosis Outlook (Revenue, USD Million, 2017 – 2028)
    • Tuberculosis, By Product (Revenue, USD Million, 2017 – 2028)
      • Instruments
      • Reagents
      • Services
    • Tuberculosis, By End Use (Revenue, USD Million, 2017 – 2028)
      • Hospitals
      • Clinics
      • Diagnostics Laboratories
      • Research Institutes
    • Tuberculosis, By Technology, (Number of Tests Performed from 2017 – 2028 in Million) (Revenue, USD Million, 2017 – 2028)
      • Polymerase chain reaction (PCR)
      • In Situ Hybridization
      • Isothermal Nucleic Acid Amplification Technology (INAAT)
      • Chips and Microarrays
      • Mass Spectrometry
      • Sequencing
      • Transcription Mediated Amplification
      • Others
  • Meningitis Outlook (Revenue, USD Million, 2017 – 2028)
    • Meningitis, By Product (Revenue, USD Million, 2017 – 2028)
      • Instruments
      • Reagents
      • Services
    • Meningitis, By End Use (Revenue, USD Million, 2017 – 2028)
      • Hospitals
      • Clinics
      • Diagnostics Laboratories
      • Research Institutes
    • Meningitis, By Technology, (Number of Tests Performed from 2017 – 2028 in Million) (Revenue, USD Million, 2017 – 2028)
      • Polymerase chain reaction (PCR)
      • In Situ Hybridization
      • Isothermal Nucleic Acid Amplification Technology (INAAT)
      • Chips and Microarrays
      • Mass Spectrometry
      • Sequencing
      • Transcription Mediated Amplification
      • Others
  • Gastrointestinal Tract Infections Outlook (Revenue, USD Million, 2017 – 2028)
    • Gastrointestinal Tract Infections, By Product (Revenue, USD Million, 2017 – 2028)
      • Instruments
      • Reagents
      • Services
    • Gastrointestinal Tract Infections, By End Use (Revenue, USD Million, 2017 – 2028)
      • Hospitals
      • Clinics
      • Diagnostics Laboratories
      • Research Institutes
    • Gastrointestinal Tract Infections, By Technology, (Number of Tests Performed from 2017 – 2028 in Million) (Revenue, USD Million, 2017 – 2028)
      • Polymerase chain reaction (PCR)
      • In Situ Hybridization
      • Isothermal Nucleic Acid Amplification Technology (INAAT)
      • Chips and Microarrays
      • Mass Spectrometry
      • Sequencing
      • Transcription Mediated Amplification
      • Others
  • HPV Outlook (Revenue, USD Million, 2017 – 2028)
    • HPV, By Product (Revenue, USD Million, 2017 – 2028)
      • Instruments
      • Reagents
      • Services
    • HPV, By End Use (Revenue, USD Million, 2017 – 2028)
      • Hospitals
      • Clinics
      • Diagnostics Laboratories
      • Research Institutes
    • HPV, By Technology, (Number of Tests Performed from 2017 – 2028 in Million) (Revenue, USD Million, 2017 – 2028)
      • Polymerase chain reaction (PCR)
      • In Situ Hybridization
    • Isothermal Nucleic Acid Amplification Technology (INAAT)
      • Chips and Microarrays
      • Mass Spectrometry
      • Sequencing
      • Transcription Mediated Amplification
      • Others
  • Sexually Transmitted Infections Outlook (Revenue, USD Million, 2017 – 2028)
    • Sexually Transmitted Infections, By Product (Revenue, USD Million, 2017 – 2028)
      • Instruments
      • Reagents
      • Services
    • Sexually Transmitted Infections, By End Use (Revenue, USD Million, 2017 – 2028)
      • Hospitals
      • Clinics
      • Diagnostics Laboratories
      • Research Institutes
    • Sexually Transmitted Infections, By Technology, (Number of Tests Performed from 2017 – 2028 in Million) (Revenue, USD Million, 2017 – 2028)
      • Polymerase chain reaction (PCR)
      • In Situ Hybridization
    • Isothermal Nucleic Acid Amplification Technology (INAAT)
      • Chips and Microarrays
      • Mass Spectrometry
      • Sequencing
      • Transcription Mediated Amplification
      • Others
  • Sepsis Outlook (Revenue, USD Million, 2017 – 2028)
    • Sepsis, By Product (Revenue, USD Million, 2017 – 2028)
      • Instruments
      • Reagents
      • Services
    • Sepsis, By End Use (Revenue, USD Million, 2017 – 2028)
      • Hospitals
      • Clinics
      • Diagnostics Laboratories
      • Research Institutes
    • Sepsis, By Technology, (Number of Tests Performed from 2017 – 2028 in Million) (Revenue, USD Million, 2017 – 2028)
      • Polymerase chain reaction (PCR)
      • In Situ Hybridization
      • Isothermal Nucleic Acid Amplification Technology (INAAT)
      • Chips and Microarrays
      • Mass Spectrometry
      • Sequencing
      • Transcription Mediated Amplification
      • Others
  • Drug Resistance Disease Outlook (Revenue, USD Million, 2017 – 2028)
    • Drug Resistance Disease, By Product (Revenue, USD Million, 2017 – 2028)
      • Instruments
      • Reagents
      • Services
    • Drug Resistance Disease, By End Use (Revenue, USD Million, 2017 – 2028)
      • Hospitals
      • Clinics
      • Diagnostics Laboratories
      • Research Institutes
    • Drug Resistance Disease, By Technology, (Number of Tests Performed from 2017 – 2028 in Million) (Revenue, USD Million, 2017 – 2028)
      • Polymerase chain reaction (PCR)
      • In Situ Hybridization
      • Isothermal Nucleic Acid Amplification Technology (INAAT)
      • Chips and Microarrays
      • Mass Spectrometry
      • Sequencing
      • Transcription Mediated Amplification
      • Others
  • Infectious Disease Molecular Diagnostics Regional Outlook (Revenue, USD Million, 2017 – 2028)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

List of Key Players of Infectious Disease Molecular Diagnostics Market

  • Abbott
  • Becton, Dickinson and Company
  • bioM√©rieux SA
  • Bio-Rad Laboratories, Inc.
  • Agilent Technologies, Inc.
  • Danaher Corporation
  • Hologic, Inc. (Gen-Probe)
  • Illumina, Inc.
  • Grifols S.A.
  • Qiagen
  • F. Hoffmann-La Roche Ltd
  • Siemens Healthineers AG
  • Sysmex Corporation

Check out more studies related to molecular diagnostics, conducted by Grand View Research:

  • Molecular Diagnostics Market – The global molecular diagnostics market size was valued at USD 36.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2021 to 2028. The growth can be attributed to technological advancements, rising elderly population, and external funding for R&D.
  • Oncology based Molecular Diagnostics Market – Global oncology based molecular diagnostics market size was valued at USD 1,136.5 million in 2014 and is expected to grow at a CAGR of 14.7% over the forecast period. Rising prevalence of various types of cancer such as breast, colorectal, and Non-Small Cell Lung Cancer (NSCLC) amongst the world population is the key driver propelling the growth of oncology based molecular diagnostics industry.
  • Point-of-Care Molecular Diagnostics Market – The global point-of-care molecular diagnostics market size was valued at USD 1.72 billion in 2018 and is anticipated to expand at a CAGR of 14.4% over the forecast period. Increased need for accurate and faster testing methods and results for the molecular tests is expected to propel the market growth.

Browse through Grand View Research’s coverage of the Global Clinical Diagnostics Industry.

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