MEA Cloud Computing Market worth $31.4 billion by 2026 – Exclusive Report by MarketsandMarkets™


According to the new market research report MEA Cloud Computing Market by Type (Service Model (IaaS, PaaS, and SaaS) and Service Type), Deployment Model (Public and Private), Organization Size, Vertical, and Region (Middle East, and Africa) – Forecast to 2026″published by MarketsandMarkets™, the MEA Cloud Computing Market size is expected to grow from USD 14.2 billion in 2021 to USD 31.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period.

The Increased demand for cloud-based solutions and services during COVID 19, rising numbers of SMEs, business expansion by market leaders in the Middle East and Africa, and growing investments in cutting-edge technologies and governmental initiatives toward digital transformation are a few factors driving the growth of the cloud computing solutions and services in MEA.

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Adoption of IaaS is noticeably increasing in MEA among large enterprises due to security and reduced cost of hardware resources

IaaS is a form of cloud computing that delivers fundamental compute, network, and storage resources to consumer’s on-demand, over the internet, and on a pay-as-you-go basis. IaaS refers to a combination of hosting, hardware, provisioning, and the basic services needed to run a cloud. Using the service, an organization can outsource the equipment used to support operations, including storage, hardware, servers, and networking components. Most providers offer components, such as compute and storage, with supporting services, including auto-scaling and load balancing, which will provide the scale and performance characteristics. In traditional hosting services, IT infrastructure was rented out for a specific period of time, with pre-determined hardware configuration. The client paid for the configuration and time, regardless of the actual use. With the help of the IaaS cloud computing platform layer, organizations can dynamically scale the configuration to meet the changing requirements and are billed only for the services actually used. The IaaS cloud computing platform layer eliminates the need for every organization to maintain the IT infrastructure.

Growing trend of expanding business operations while working within the existing infrastructure to drive the cloud migration services

Implementation services ensure configuration and change management is in place and operational before moving any resource to the cloud, while migration services help move enterprises’ applications and data from the on-premises infrastructure to the cloud system, which is a virtual pool of scalable compute, network, and storage resources. Implementation services enable clients to quickly accomplish business goals for utilizing the cloud strategy by planning, accessing the current system, performing quality validation and verification, and offering support. These services ensure a successful and secure deployment on any infrastructure, such as private cloud, public cloud, or hybrid cloud. They also provide training sessions for executives, program managers, and technical teams to ensure they are updated with the latest trends and on the offerings of the new cloud infrastructure. These training programs enable stakeholders to utilize these offerings to the fullest to achieve the set goals. According to industry experts, several enterprises across geographies plan to migrate their enterprise workloads to cloud to leverage different benefits including flexibility, reliability, availability, and security. It is expected by 2025 that 70% of enterprise workloads will be running on the cloud infrastructure. The primary reason for the high demand for cloud migration services are scalability, flexibility for fluctuating workloads, improved productivity, agility, enhanced application security, and reduced costs.

Increased awareness related to cloud benefits among small and medium-sized enterprises is driving its adoption

Organizations with employee strength of less than 1,000 are categorized under SMEs. When compared to the large enterprises segment, the SMEs segment is facing challenges in terms of resources. They require enhanced infrastructures with less investment. They require a flexible payment model for better cost optimization of their business processes. Cloud applications are being rapidly adopted by SMEs in the Middle East due to the ease and flexibility they offer, and the demand is expected to grow during the forecast period. SMEs do not want expensive disaster recovery or backup offerings, nor do they need advanced functionalities related to IaaS, PaaS, and managed services. They want access to visualized hardware and computing infrastructures and pay only according to the time and hardware used by them. These benefits, such as seamless scalability, flexibility, pay-as-you-go payment model, reduced operational costs, and customized offerings, as per business requirements are facilitating the adoption of cloud applications among SMEs. Some of the major vendors offering cloud applications to SMEs in the Middle East include Oracle, IBM, and Adobe Systems.

Corporates are choosing private cloud due to security concerns caused by the increasing number of cyberattacks

A private cloud is a computing model that offers a proprietary environment dedicated to a single business entity. As with other types of cloud computing environments, a private cloud provides extended, virtualized computing resources. This deployment model enables a company to have better control over its data and reduce risks, such as data loss and issues related to regulatory compliance. The private cloud is used in banking and financial institutions, large enterprises, and government organizations, where only authorized users can access the system. The acceptance of private cloud deployments for enterprises with compliance concerns is due to its security and control benefits. Service providers offering hosted private cloud address significant essentials of compliance with regulations, such as HIPAA and PCI. Some of popular private cloud providers in the market are VMware, DXC, Dell EMC, Oracle, IBM, and Microsoft.

Retailers shifting business operations online to continue businesses during lockdown imposed due to COVID-19 is boosting the cloud computing demand

The retail and eCommerce vertical in the Middle East is on the edge of IT-driven innovation, as local retail players are embracing online platforms to improve their omnichannel presence. Retailers are now adopting social networks and apps to engage with their customers in real-time. The cloud infrastructure meets all the business requirements, ranging from security to business applications; thus, it is gaining traction among retailers in the Middle East. Retail organizations deal with a large amount of data that is collected through various point of sale terminals and websites. The cloud infrastructure provides opportunities for retailers regardless of their size to accelerate innovation, liberating their focus on developing competitive advantages without the weight of back-end reconciliations and framework maintenance. The AWS data center is to be opened in the Middle East, which is expected to accelerate the deployment of cloud applications in the region

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Middle East to dominate the MEA Cloud Computing Market in 2020

Countries in the Middle East are investing in cloud computing projects and cloud applications to develop and build knowledge-based economies. Cloud computing features that benefit the Middle East countries include on-demand resource availability, scalability, multi-user access to cloud-based applications, self-service computation, cloud storage, and utility subscription models. This section of the report segments the cloud applications industry in the Middle East, based on countries such as Saudi Arabia, UAE, Qatar, and other countries (OmanKuwait, and Bahrain).

Organizations in Saudi Arabia and the UAE have adopted cloud-based applications at an initial stage; hence, they are dominating the other countries in terms of development. In recent years, Qatar has emerged with a high adoption rate and is expected to witness the highest growth rate. In today’s era of globalization, it has become important for enterprises in Qatar to remain ahead of their competitors in the technological space. For such organizations, outsourcing services to a third-party managed service provider is a profitable option. Hence, enterprises in the Middle East have moved toward adopting cloud applications to reduce costs and save time.

The MEA Cloud Computing Market is dominated by companies such as Microsoft (US), AWS (US), IBM (US), Google (US), Alibaba Cloud (China), Oracle (US), SAP (Germany), Salesforce (US), Etisalat (UAE), BIOS Middle East Group (UAE), eHosting DataFort (UAE), Injazat Data Systems (UAE), STC Cloud (Saudi Arabia), Insomea Computer Solutions (Tunisia), CloudBox Tech (SA), Ooredoo (Qatar), Gulf business Machines (UAE), Intertec Systems (UAE), Fujitsu (Japan), Huawei (China), Comprehensive Computing Innovations (Lebanon), Compro (Turkey), Teraco Data Environment (SA), Liquid Intelligence Technologies (SA), Zonke Tech (SA), Cloud4Rain (Egypt), Infosys (India), TCS(India), Malomatia (Qatar), Cicso (US), and Orixcom (UAE). These vendors have a large customer base and strong geographic footprint along with organized distribution channels, which helps them to increase revenues.


Lilium holds Analyst Day, announcing former Airbus CEO Dr. Thomas Enders will serve as Chairman of the Board following business combination with Qell

Lilium GmbH (“Lilium”), positioned to be a global leader in sustainable regional air mobility, announced that Advisory Board member Dr. Thomas Enders will assume the role of Chairman of the Board of Directors of Lilium N.V. upon completion of Lilium’s business combination with Qell Acquisition Corp (“Qell”) (NASDAQ: QELL).

The announcement was made as part of Lilium’s inaugural Analyst Day, held virtually on Tuesday, 15 June 2021.

Lilium’s executive team, including team members who worked on developing some of the most successful aircraft in aviation history, shared more information on Lilium’s technology, certification plans, manufacturing approach, business model, commercial relationships with established industry suppliers and infrastructure developers, as well as a first look into the cabin experience of the 7-Seater Lilium Jet.

In a video message, Dr. Enders discussed the importance of these commercial relationships to the future success of Lilium. The video then highlights four key Lilium relationships —  Honeywell Aerospace, Palantir, Lufthansa Aviation Training, and Ferrovial – and the anticipated contribution to development and commercialization of the 7-seater Lilium Jet from each of:

  • Honeywell Aerospace will work with Lilium to reduce certification schedule risk and cost by providing avionics and fly-by-wire flight controls for the Lilium 7-Seater Jet;
  • Palantir, which along with Honeywell have committed to invest in Lilium through the previously announced PIPE offering in connection with Lilium’s business combination with Qell, will provide enterprise-grade intelligence and a data-first approach to support the manufacturing and delivery of the 7-Seater Lilium Jet;
  • Lufthansa Aviation Training is developing bespoke pilot sourcing and training programs to qualify pilots to fly the Lilium Jet;
  • Ferrovial is working with Lilium to plan and develop a network of at least ten vertiports in major cities across Florida, Lilium’s planned launch market in the U.S.

During the analyst day event, Lilium showed a brand-new video previewing the look, feel, and comfort of the planned 7-Seater Lilium Jet cabin model. With space for six passengers and one pilot, spacious window seats, clear views, a central aisle and a separate hold for luggage, the cabin is designed for comfort without compromising performance.

Dr. Enders, who served as the CEO of Airbus during a career in aerospace spanning 30 years, joined Lilium’s Advisory Board in January 2021, and in a statement highlighted the advantages of Lilium’s business model and technology as the solution to solving the issue of low load factors in the eVTOL space.

Daniel Wiegand, Co-Founder and CEO of Lilium, said, “Tom Enders is an aviation industry giant, and we are all delighted to see him reaffirm his commitment to Lilium by accepting the future role of Chairman of the Board when Lilium becomes a Nasdaq-listed company. We will continue to leverage Tom’s incredible network across aerospace, both in the delivery of aircraft and in commercial development, and together with Barry Engle and the directors who will serve on the Board of Directors of Lilium N.V., Tom will provide important counsel and stewardship as we prepare for a planned commercial launch in 2024.”

Barry Engle, Founder and CEO of Qell, said, “Tom Enders needs no introduction, having led one of the world’s most successful aerospace companies as part of a successful career. He will bring enormous industry insights, experience, and foresight in corporate governance to Lilium, and we are look forward to having Tom serve as Chairman of the Board as Lilium develops and seeks certification for the 7-Seater Jet.”

Dr. Thomas Enders said: “I would be honored to lead the first Board of Lilium once the business combination is completed and am grateful for the confidence my colleagues put in me. Now, I’m focused on expanding this world-class board of directors to support CEO Daniel Wiegand and his great management team, and set the course for success.”


Temenos to Accelerate the Modernization of Top Global Bank Societe Generale’s Transaction Banking Platform in Europe and Asia


Temenos (SIX: TEMN), the banking software company, today announced that Societe Generale, one of the largest banks in Europe by total assets, has selected Temenos to modernize the account management and payment systems for its Global Transaction Banking activities in Europe and Asia.

Global Transaction Banking is big business. According to McKinsey, the sector generates $1 trillion in revenues each year and represents 40% of all global banking revenues.

Societe Generale is a global leader in the sector, providing a comprehensive and integrated range of services to address the operational and day-to-day transaction needs of its corporate and institutional clients.

In the face of a technology revolution reshaping customer expectations and the competitive landscape, Temenos agile technology platform will enable Societe Generale to deliver sophisticated corporate banking products and services with digital-first experiences to stay ahead of the curve.

Societe Generale will replace existing legacy systems with Temenos’ cloud-native banking platform in 13 countries across Europe and Asia as part of a strategic transformation plan to offer new and differentiating global transaction banking services and drive growth.

Leveraging Temenos Transact’s rich corporate banking functionality, Societe Generale aims to bolster its products and services offering with additional ones, seeking to both better meet the needs of its clients and support a segment identified as a key growth area in the future.

Temenos Payments will provide the payments engine for financial transactions across all Asian countries. With this next-generation platform, the bank’s international entities will be ISO20022-ready domestically and internationally. And the bank will benefit from the agility and flexibility to process payments from any channel, external or internal, with different message or file formats, all in real-time.

Temenos cloud-native technology will enable Societe Generale to adopt a hybrid implementation with Temenos software in its datacenters or in the cloud – all running from the same source code. Operating on a unified platform for account management and payments across geographies is expected to significantly increase operational efficiency and agility while reducing cost and risk.

Philippe Morère, Global CIO and deputy COO, Societe Generale Global Business & Investor Solutions, said: “Temenos is a proven solution that offers the functionality and agility to deliver a better banking experience to our customers with the scalability and performance to support future growth.

“A big advantage of Temenos is the ability to operate a unified platform on-premise or on the cloud, providing services that can be easily integrated with our digital B2B Platform SG Markets. As for Asia, Temenos’ unified platform for core banking and payments across geographies will help us to optimize processing efficiencies and enhance service innovations for our transaction banking clients.”

Max Chuard, CEO, Temenos, added: “We are proud to partner with such a prestigious Tier 1 bank to accelerate their digital transformation.  With Temenos’ cloud-native, API-first technology, the bank can innovate with speed, ease, and efficiency to meet the evolving needs of its global transaction banking clients. This strategic modernization will future-proof the bank’s technology infrastructure, allowing it to transition to the cloud at its own pace. To be selected by Societe Generale for this important project demonstrates our technology leadership and our shared vision to make banking better.”

Temenos’ architecture is open-API based. It allows data to flow across the functional business lines of a corporate bank from payments to cash management, enabling efficiencies and lower total cost of ownership from the consolidation of systems and new business models. Forrester has recognized Temenos’ investment and innovation, and the platform was named a leader in The Forrester Wave™: Digital Banking Processing Platforms (Corporate Banking), Q3 2020. Temenos Payments is also recognized as a Leader in the IDC MarketScape for Worldwide Integrated Payment Platforms and ranked #1 best-selling payments system in the IBS Intelligence Sales League Table for the past three years.


Avast Bolsters Expertise in Identity and M&A with Two New Appointments


Avast (LSE:AVST), a global leader in digital security and privacy, today announced the creation of two new roles key to advancing its business strategy in Identity and Corporate Development. Charles Walton joins Avast to lead the development of Avast’s identity strategy in the role of Senior Vice President & General Manager, Identity. Paul Carter has been appointed to the role of Global Head of Corporate Development and will join the Company on July 1.

“In the last year, the way we use the internet has changed dramatically – and there is no going back. Our digital lives are more intertwined than ever with our personal and professional lives, which accelerates the security and privacy risks that keep people from exploring the online world with confidence. Our goal is to remove those obstacles,” said Ondrej Vlcek, CEO, Avast. “Smoothing access to online services and facilitating private and safe interactions are now critical to the future stability and success of the digital economy. These new appointments show our deep focus and commitment in this area and demonstrate our belief that identity-protecting solutions are central to the current and future needs of our customers.”

Charles Walton will lead Digital Identity Products

Walton, formerly Senior Vice President, Digital Identity Products, at Mastercard, has over 25 years’ experience in privacy, security and identity and will be developing Avast’s identity strategy as the company expands its expertise and innovation in privacy and identity products. In the role, he will define product strategy, research and development, and the distribution model.

At Mastercard, Walton was responsible for the ID Service, a key global business focused on digital identity services. He also drove the strategy and partnerships for Mastercard’s health pass, activities, which included the development of an approach to an interoperable digital health pass. Additionally, he co-founded and was on the steering board of both the Trust over IP Foundation and the Good Health Pass Collaborative. Previously, he held roles in other organizations with a focus on identity and privacy including Vice President, Business Development, at Idemia, where he was involved with UK Verify government services, and CEO at SecureKey where he drove the pivot to digital identity and the roll-out of a national federated authentication service in Canada.

“As individuals and consumers, we have never been more acutely aware of our personal privacy when using digital services,” said Walton. “It’s imperative that we are able to access online services safely and that any information we share remains private and yet privacy-preserving technology is still fairly nascent. By providing a mature approach to managing one’s identity online, we will enable people to confidently take advantage of the rapidly evolving ecosystem of online services.”

Paul Carter will lead Avast’s M&A practice

Carter joins Avast’s corporate development team in the role of Global Head of Corporate Development, bringing over two decades of experience building and leading corporate development teams at FTSE 100 and Fortune 500 companies in the financial services, data, technology, and business services sectors. His key focus will be to develop and execute Avast’s long-term identity strategy, including acquisitions and partnerships in alignment with Mr. Walton.

“Avast is very well positioned within the dynamic digital privacy and security sector, and I am very excited to be joining the team to help deliver its growth agenda,” said Carter. “My focus will be on guiding our business development in areas where our customers will get most value and which meet their changing needs online.”

Formerly Group Head of Corporate Development at London Stock Exchange Group, Carter spent the last six years leading the M&A and strategy functions including the structuring and negotiation of LSEG’s transformational Refinitiv acquisition. Prior to this, he held senior corporate development roles at Experian and Dun & Bradstreet.


Automotive Plastics Market for Passenger Cars worth $30.8 Billion by 2026 – Exclusive Report by MarketsandMarkets™


According to the new market research report Automotive Plastics Market for Passenger Cars by Product Type (PP, PU, PVC, PA), Application (Interior, Exterior, Under Bonnet), Vehicle Type (Conventional Cars, Electric Cars), and Geography – Global Forecast to 2026″, published by MarketsandMarkets™, the Automotive Plastics Market size for passenger cars is projected to grow from USD 21.1 billion in 2021 to USD 30.8 billion by 2026, at a CAGR of 7.9% during the forecast period 2021 to 2026.

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255 – Pages

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The demand for automotive plastics is mainly driven by passenger car production and the increasing utilization of automotive plastics in vehicle designs. Plastics offer a maximum weight reduction of automobiles, which in turn reduces carbon emissions. There is a growing demand for automotive plastics products from developing economies.

The polyurethane (PU) product type segment accounted for the largest share of the Automotive Plastics Market for passenger cars in 2020.

By product type, the PU segment accounted for the largest market share in 2020. PU has various properties such as high stiffness, strength, dimensional stability, high temperature, and abrasion resistance, and low friction characteristics, along with chemical, flame, abrasion, creep, and fatigue resistance, which makes it one of the majorly used plastics. Polyurethanes (PU) are utilized in passenger cars for seat foams, carpet backing, seat overlays, head & armrests, airbag covers, and acoustic insulations. The largest share of PU in terms of value can be attributed to its high cost as compared to other plastics such as PP, PVC, HDPE, among others.

The electric car vehicle type is expected to be the fastest-growing segment of the Automotive Plastics Market for passenger cars.

By vehicle type, the electric cars segment is expected to be the fastest-growing segment of the Automotive Plastics Market for passenger cars. Electric cars are solely dependent on the lighter parts to improve their driving range as the electrified powertrains enable the exertion of kinetic energy, which decreases the weight reduction. Companies like Volvo have their R&D working on plastics materials that store and discharge electric energy. The plastics are strong and light in weight and enough for the vehicles structural components and body panels. The growth of EVs has improved drastically since 2014 and is expected to register a CAGR of 26.5% by the end of 2026. These factors are expected to drive the growth of the electric cars vehicle type segment during the forecasted period.

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Asia Pacific region accounted for the largest share in the global Automotive Plastics Market for passenger cars in 2020.

Asia Pacific accounted for the largest share of the Automotive Plastics Market for passenger cars in 2020. The countries considered for the study in Asia Pacific are ChinaJapanIndiaSouth KoreaThailandIndonesia, among others. Asia Pacific is a leading manufacturing hub for the automotive industry owing to the increasing passenger vehicle production in China and India. The vehicle production in these countries is growing at a rapid rate because of the presence of major automotive players such as Honda, Toyota, Hyundai, and Nissan. Manufacturers such as BMW and Volkswagen have already set up manufacturing units in these countries. In terms of geography, Asia has the highest production of electric vehicles, making it the largest market for plastic for EVs. Such factors are expected to fuel the growth of the Automotive Plastics Market for passenger cars in the region.

BASF SE (Germany), SABIC (Saudi Arabia), LyondellBasell Industries Holdings BV (Netherlands), LG Chem (South Korea), DuPont (US), Covestro AG (Germany), Evonik Industries AG (Germany), Solvay (Belgium), Arkema SA (France), Borealis AG (Austria), among others are the key players operating in the Automotive Plastics Market for passenger cars.

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Outdoor Solar LED Market Size Worth $24.75 Billion By 2028 | CAGR: 24.6%: Grand View Research, Inc.


The global outdoor solar LED market size is expected to reach USD 24.75 billion by 2028, registering a CAGR of 24.6% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The use of solar PV cells in urban spaces for outdoor lighting applications has substantially increased over the last couple of years. The increased demand for these products can be attributed to their benefits on the fronts of energy efficiency, maintenance cost, and power cost over traditional lighting. As of 2020, the Europe market, closely following the Asia Pacific market in terms of market size, has witnessed a slight uptick in market demand with favorable regulations and incentive schemes supporting large-scale adoption.

Key suggestions from the report:

  • In terms of application, the solar garden LED lights segment is expected to register the highest CAGR over the forecast period. The increasing spending on garden landscape designing in the residential and commercial spaces, to make the gardens aesthetically pleasing, is expected to drive the adoption of solar garden LEDs over the forecast period
  • In terms of wattage, the 40W to 149W segment captured the largest revenue share in 2020. These products are gaining popularity due to their attributes such as higher lumen and brightness, which make them particularly suitable for landscaping and street lighting applications
  • The demand for outdoor solar LEDs in commercial spaces is estimated to record a CAGR of around 25% from 2021 to 2028. The often large scale of commercial projects calls for a large number of lighting products, which is expected to favor the segment growth
  • With an increase in infrastructure development projects in ChinaIndia, and Japan, the Asia Pacific market held a substantial market share exceeding 40.0% in 2020 Growing investments in renewable and energy-saving programs across several countries in the region are anticipated to favor the growth of the regional market over the forecast period

Read 80 page research report with ToC on “Outdoor Solar LED Market Size, Share & Trends Analysis Report By Application, By Wattage (Less Than 39W, 40W To 149W, More Than 150W), By End-use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2021 – 2028” at:

Such government rebates and initiatives aimed at creating awareness about green, energy-saving products are anticipated to drive the adoption of solar LED products in commercial applications. For instance, Pacific Gas and Electric Company (PG&E), a U.S.-based combined electric energy company, provides zero percent interest loans to non-residential customers for energy-saving projects, including implementing solar LED lighting systems. Similarly, the U.K. government implemented the Enhanced Capital Allowance (ECA) initiative to promote the adoption of energy-efficient lighting solutions among businesses in exchange for tax benefits.

Solar LEDs are also making their way in the DIY/decorative lights category. Several residential owners are spending on solar LEDs as a part of small-scale residential landscape projects and events. Furthermore, to promote the adoption of renewable and energy-efficient products such as solar lightings and LEDs, several utilities, and local governing bodies are offering rebates and discount schemes for residential owners. Thus, the increasing awareness about energy conservation and collaborative efforts taken by governments are likely to drive the adoption of solar LEDs in the residential sector.

Grand View Research has segmented the global outdoor solar LED Market on the basis of application, wattage, end-use and region:

  • Outdoor Solar LED Application Outlook (Revenue, USD Million, 2016 – 2028)
    • Solar LED Street Lights
    • Solar Garden LED Lights
    • Solar LED Floodlights
    • Solar LED Area Lights
    • Solar LED Spot Lights
  • Outdoor Solar LED Wattage Outlook (Revenue, USD Million, 2016 – 2028)
    • Less than 39W
    • 40W to 149W
    • More than 150W
  • Outdoor Solar LED End-use Outlook (Revenue, USD Million, 2016 – 2028)
    • Residential
    • Commercial
    • Industrial
  • Outdoor Solar LED Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 – 2028)
    • North America
      •  U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Italy
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Southeast Asia
      • South Asia
    • Latin America
      • Brazil
      • Mexico
    • MEA
  • List of Key Players of the Outdoor Solar LED Market
    • Solar Street Lights USA
    • OkSolar
    • Jiangsu Beier Lighting Electrical Appliance Co., Ltd.
    • SEPCO Solar Electric Power Company
    • Jiawei

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  • LED Lighting Market – The global LED lighting market size was valued at USD 50.91 billion in 2020 and is expected to witness a compound annual growth rate (CAGR) of 12.5% from 2021 to 2028.
  • Industrial and Commercial LED Lighting Market – Industrial and commercial LED lighting market size was estimated at USD 21.53 billion in 2014 and is expected to witness significant growth over the forecast period.
  • North America LED Lighting Market – The North America LED lighting market size was valued at USD 7.3 billion in 2018 and is expected to register a CAGR of 9.6% from 2019 to 2025.

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Kidney Function Tests Market To Expand At 6.2% CAGR By 2028, Owing To Rising Frequency of Kidney Sicknesses & Launching of Modern Products | Million Insights


As per the published report, the global Kidney Function Tests Market size is estimated to arrive at USD 1.25 billion by 2028. It is projected to develop by 6.2% CAGR from 2021 to 2028.

What are Key Factors Driving the Kidney Function Tests Market?

The increasing frequency of kidney sicknesses, launching of the modern products, and rising funds for the R&D projects, are some of the factors, estimated to boost the enlargement of the market, during the period of the forecast. The major companies, for kidney function tests are caught up in wide-ranging R&D programs for the improvement and presentation of new products, to make stronger their place within the market.

For example, a U.K. headquartered in-vitro diagnostics company, RenalytixAI, presented a 510(k) request to the FDA, for its new-fangled KidneyIntelX examines. This is an Artificial Intelligence (AI) facilitated clinical analytical examination, intended to identify and improve the scientific administration of category II diabetes patients, by means of speedy progressing kidney sickness. The appearance of such technically superior products is estimated to propel the enlargement of the market for kidney function tests, throughout the review stage.

An anticipated 15% matured persons in the U.S. have Chronic Kidney Disease (CKD). This information was published by CDC, in 2019. The same informant, furthermore, confirmed that high blood pressure and diabetes are the most important sources of Chronic Kidney Disease (CKD) in adults, and it is more frequent in the persons, having age 65 years or more.

On the other hand, the low-down diagnosis speed of Chronic Kidney Disease (CKD) is expected to be a main thing, hindering the progress of the market. As stated by the figures, published by the National Kidney Foundation, around 90% of the populace, distresses from Chronic Kidney Disease (CKD) are not alerted to it, causing a restricted number of diagnoses.

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Further key findings from the report suggest:

  • Asia Pacific is estimated to observe the highest CAGR, throughout the forecast period, due to the rising frequency of Chronic Kidney Disease (CKD), in budding nations like India and China.
  • Since these laboratories present lucrative services, in addition to speedy & precise outcomes, diagnostic laboratories sector is expected to be the highest increasing end-use division, during the forecast period.
  • Augmented possibility of blood pressure and diabetes, owing to the unhealthful way of life, particularly in Covid-19 lockdowns, might produce the greater incidences of Chronic Kidney Disease (CKD). Therefore, generating higher demand for the product in the neighboring future.
  • Owing to the existence of most important companies within the region, deeply rooted healthcare infrastructure, and encouraging conditions of the compensation, North America directed the global kidney function tests market by the major income share, in 2020.
  • With reference to end use, the hospitals sector ruled the market in 2020, due to the increasing alertness regarding Chronic Kidney Disease (CKD) and growing hospital appointments for its administration.
  • Since the clearance test is the gold standard for supervising and measurement of glomerular filtration speed, it appeared like the biggest product sector.

Browse 110 page research report with TOC on “Global Kidney Function Tests Market” at:

Million Insights segmented the global kidney function tests market based on End Use, Product, and Region:

  • Kidney Function Tests Product Outlook (Revenue, USD Million, 2016 – 2028)
    • Clearance Tests
    • Urine Tests
    • Blood Tests
    • Dilution and Concentration Tests
    • Other Tests
  • Kidney Function Tests End-use Outlook (Revenue, USD Million, 2016 – 2028)
    • Hospitals
    • Diagnostic Laboratories
    • Research Laboratories and Institutes
    • Others
  • Kidney Function Tests Regional Outlook (Revenue, USD Million, 2016 – 2028)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Spain
      • France
      • Italy
      • Russia
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Singapore
      • Australia
    • MEA
      • South Africa
      • Saudi Arabia
      • UAE
  • Companies
    • Nova Biomedical
    • Quest Diagnostics
    • Siemens Healthineers
    • F. Hoffmann-La Roche
    • Abbott Laboratories
    • Laboratory Corporation of America Holdings (LabCorp)
    • Acon Laboratories
    • Randox Laboratories
    • Sysmex Corporation
    • Danaher Corporation (Beckman Coulter, Inc.)

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Patient Monitoring Devices Market Size Worth $73.46 Billion By 2028: Grand View Research, Inc.


The global patient monitoring devices market is expected to reach USD 73.46 billion by 2028 and is projected to grow at a CAGR of 8.8%, according to a new report by Grand View Research, Inc. The growth is attributed to technological advancement in patient monitoring devices as well as the increasing number of hospital admissions globally.

Key suggestions from the report:

  • The cardiac monitoring devices segment accounted for the largest revenue share of 19.50% in 2020 owing to the high demand for wearable cardiac monitoring devices. The system records patient’s physiological data via wearable sensors, for instance, measuring the oxygen level and pulse rate.
  • Blood glucose monitoring devices are expected to show lucrative growth during the forecast period owing to the growing number of diabetic patients who demand monitoring devices to keep track of their health.
  • Hospitals accounted for the largest revenue share of 51.25% in 2020 due to the high demand for various monitoring devices to monitor patients at hospitals.
  • North America contributed for the largest share 42.70% owing to the presence of dominant market players, well-established reimbursement policies, high healthcare expenditure, and high adoption rate for advanced medical technologies.

Read 187 page research report with ToC on “Patient Monitoring Devices Market Size, Share & Trends Analysis Report By Product (Blood Glucose Monitoring Systems, Cardiac Monitoring Devices, Multi-parameter Monitoring Devices), By End-use, By Region, And Segment Forecasts, 2021 – 2028” at:

The COVID-19 has increased the demand for monitoring devices at home and reduced frequent visits to hospitals. The situation has also changed consumer behavior, purchasing, and demand pattern. The COVID-19 pandemic has brought into sharp focus the need to harness & leverage digital infrastructure for remote patient monitoring. Besides, the combination of remote patient monitoring & telehealth is likely to improve the delivery of at-home healthcare.

Supporting initiatives by the private & public sectors to help COVID-19 patients globally is also driving the patient monitoring devices market growth. For instance, the World Health Organization in February 2021, has distributed 30,000 oxygen concentrations globally. Also, Invacare Corporation witnessed 72.2% sales of respiratory products in the fourth quarter of 2020.

Besides, there has been an increase in the prevalence of chronic diseases such as cancer, diabetes, and hypertension across the globe. According to the Centers for Disease Control and Prevention (CDC), over 100 million people have hypertension in the U.S. this further increased risk of heart disease. A growing number of such disorders globally leads to an increase in the demand for patient monitoring devices.

Grand View Research has segmented the global patient monitoring devices market based on product, end-use, and region:

  • Patient Monitoring Devices Product Outlook (Revenue, USD Billion, 2016 – 2028)
    • Blood Glucose Monitoring Systems
      • Self-monitoring Blood Glucose Systems
      • Continuous Glucose Monitoring Systems
    • Cardiac Monitoring Devices
      • ECG Devices
      • Implantable Loop Recorders
      • Event Monitors
      • Mobile Cardiac Telemetry Monitors
      • Smart/Wearable ECG Monitors
    • Multi-parameter Monitoring Devices.
      • Low-acuity Monitoring Devices
      • Mid-acuity Monitoring Devices
      • High-acuity Monitoring Devices
    • Respiratory Monitoring Devices
      • Pulse Oximeters
      • Spirometers
      • Capnographs
      • Peak Flow Meters
    • Temperature Monitoring Devices
      • Handheld Temperature Monitoring Devices
      • Table-top Temperature Monitoring Devices
      • Wearable Continuous Monitoring Devices
      • Invasive Temperature Monitoring Devices
      • Smart Temperature Monitoring Devices
    • Hemodynamic/Pressure Monitoring Devices
      • Hemodynamic Monitors
      • Blood Pressure Monitors
      • Disposables
    • Fetal & Neonatal Monitoring Devices
      • Fetal Monitoring Devices
      • Neonatal Monitoring Devices
    • Neuromonitoring Devices
      • Electroencephalograph Machines
      • Electromyography Machines
      • Cerebral Oximeters
      • Intracranial Pressure Monitors
      • Magnetoencephalograph Machines
      • Transcranial Doppler Machines
    • Weight Monitoring Devices
      • Digital
      • Analog
    • Other Patient Monitoring Devices
  • Patient Monitoring Devices End-use Outlook (Revenue, USD Billion, 2016 – 2028)
    • Hospitals
    • Ambulatory Surgery Centers
    • Home Care settings
    • Other End Users
  • Patient Monitoring Devices Regional Outlook (Revenue, USD Billion, 2016 – 2028)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • UAE

List of Key Players of Patient Monitoring Devices Market

  • Honeywell
  • American Telecare
  • Roche
  • Philips Healthcare
  • Bosch
  • Biotronik
  • Intel
  • Welch Allyn
  • Health anywhere Inc.
  • Johnson & Johnson
  • Covidien Plc.

Find more research reports on Medical Devices Industry, by Grand View Research:

  • Remote Patient Monitoring System Market – The global remote patient monitoring system market size was valued at USD 956.46 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 19.7% from 2021 to 2028.
  • Digital Patient Monitoring Devices Market – The global digital patient monitoring devices market size was estimated at USD 62.6 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 23.5% from 2021 to 2028.
  • Multiparameter Patient Monitoring Systems Market – The global multiparameter patient monitoring systems market size was valued at USD 10.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2027.

Elbit Systems Announces Rating of “ilAA” (Local Scale), With a Stable Outlook, by S&P Global Ratings Maalot Ltd., for Potential Notes Offering by Elbit Systems


Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today, following its announcement from June 10, 2021 of a potential notes offering in Israel (the “Offering”), that S&P Global Ratings Maalot Ltd., an Israeli rating agency (“Maalot”), announced today that it had assigned an “ilAA” (on local scaling) issuer rating to the Company, and an “ilAA” rating with a stable outlook, to the potential new notes that may be issued by the Company, in an aggregate amount of approximately NIS 1.2 billion (approximately $370 million) nominal value.

Maalot’s official rating report in Hebrew will be submitted to the Israel Securities Authority and the Tel Aviv Stock Exchange (the “TASE”). An unofficial English translation of Maalot’s rating report will be submitted by the Company on Form 6-K to the U.S. Securities and Exchange Commission.

The execution, timing, terms and amount to be raised in the contemplated Offering have not been finally determined and are subject to further approval of the Company’s Board of Directors and the approval of the TASE. There is no assurance that the Offering will be completed.

Any securities, if offered, will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to U.S. Persons (as defined in Regulation “S” promulgated under the Securities Act) without registration under the Securities Act or an exemption from the registration requirements of the Securities Act. Any offering of securities pursuant to the Company’s shelf prospectus dated September 30, 2020 and any shelf offering report, if made, will be made only in Israel. This announcement shall not constitute a solicitation or an offer to buy any securities.


IBS Recognizes Temenos as the #1 Best-Selling Banking Software in Nine Categories, More Than Any Other Technology provider


Temenos (SIX: TEMN), the banking software company, has been recognized as the market’s leading software provider with wins in nine categories, up from six categories last year and more than any other company. According to the IBS Intelligence Sales League Table 2021, Temenos is #1 in the digital banking, core banking, retail payments and risk management categories. Temenos also ranked #1 in the new category of Neo Banks and Challenger Banks and also achieved first place in the Islamic Banking category.

Temenos was also named a regional leader in Americas, APAC, and MEA and Europe. With The Temenos Banking Cloud, Explainable AI technology, and Temenos’ deep banking expertise, financial institutions can innovate in minutes and launch new products in days to achieve the industry’s fastest time to value.

Temenos has been ranked the best-selling core banking system for 16 years, and best-selling vendor for digital banking for the fifth consecutive year. For over 27 years, Temenos has helped financial institutions make banking better with technology that sets the bar for the rest of the industry.

In this year’s Sales League Table, Temenos led in nine categories, more than any other technology provider:

  • #1 Digital Banking and Channels with Temenos Infinity, signing 106 New Name Deals
  • #1 best-selling Core Banking System with Temenos Transact, securing 48 New Named Deals
  • #1 best-selling vendor for Neo Banks and Challenger Banks with nearly 2X the deals of the next vendor
  • #1 best-selling Payments System – Retail, bringing on 47 New Name Deals
  • #1 Risk Management System with 84 New Name Deals – 5X the next placed vendor
  • Joint #1 best-selling Islamic Banking – Universal Banking (Core) with 5 New Name Deals
  • #1 Regional Leader in the Americas, including signings with BCIItaú, and BlueShore Financial
  • #1 Regional Leader in MEA, with new clients including Ahli BankSTCPay, and Al Ain Finance
  • #1 Regional Leader in APAC, signing Next Commercial Bank and Virgin Money Australia
  • #2 Regional Leader in Europe, signing new clients such as AlpianFlowBank, and ClearBank

Max Chuard, Chief Executive Officer, Temenos, said: “It’s a great honor to be recognized as the best-selling banking software provider in more categories than anyone else and in the most fiercely contested categories. We’re proud that we’re making banking better for 1.2 billion people every day, with clients such as PayPal launching its Buy Now Pay Later offering giving payment flexibility to consumers, Varo that is serving 180 million underbanked Americans, and Komerční Banka, part of Societe Generale, which selected Temenos to reinforce its leadership in digital banking. Thanks to our relentless investment in innovation, and our proven ability to deliver, we have occupied the top #1 or #2 positions for core banking systems for 22 consecutive years and we are also leading the way in the digital banking and payments categories. This year’s Sales League Table reconfirms Temenos as a global powerhouse, and I would like to thank our community of customers, partners and employees for collaborating with Temenos to revolutionize the industry.”

Robin Amlôt, Managing Editor at IBS Intelligence, said: “The banking industry is facing a challenging environment with stiff competition from FinTechs and Challenger Banks introducing disrupting technologies. Many banks were already transitioning from legacy systems to innovative solutions and COVID-19 further accelerated the speed of digitization. The IBSI Sales League Table is the leading global barometer of supplier performance and during this tough year Temenos maintained its #1 position in highly competitive categories, and increased its leadership across verticals, ranking #1 in more categories than any other vendor.”