Analytical Instrumentation Market to be Worth $70.09 Billion by 2030: Grand View Research, Inc.


The global analytical instrumentation market size is projected to reach USD 70.09 billion by 2030, registering a CAGR of 3.53% from 2023 to 2030, according to a new report by Grand View Research, Inc. Analytical laboratory instrumentation includes a broad range of instruments with the main purpose of quantitative and qualitative analysis of samples. Increasing research and development activities in the pharmaceutical and biotechnology industries and increasing adoption of analytical instrumentation for applications in precision medicine are key factors driving the industry. Governments from various countries are continuously investing in pharmaceutical R&D to support new drug development and improve healthcare in their regions.

Key industry Insights & Findings from the report:

  • The instruments segment held the largest share in 2022 owing to the presence of several companies offering different types of analytical instrumentation, such as mass spectrometers, chromatographs, and sequencing systems.
  • The PCR technology segment accounted for the largest share in 2022due to the benefits offered by PCR technology, such as rapid amplification, the requirement of a small amount of sample, and utility for the detection of multiple analytes in a single sample.
  • The life sciences research & development application segment dominated the market in 2022 owing to the rising R&D activities by various life sciences industries to develop and manufacture novel biologics, such as monoclonal antibodies, vaccines, and therapeutic proteins.
  • North America held the largest revenue share in 2022due to the presence of a well-established healthcare system and pharmaceutical industry in the region, which has created a significant demand for analytical instrumentation for clinical and research purposes.

Read 180 page market research report, “Analytical Instrumentation Market Size, Share & Trends Analysis Report By Technology (PCR, Spectroscopy), By Application (Forensic Analysis, Life Sciences R&D), By Product (Instruments, Services), And Segment Forecasts, 2023 – 2030“, published by Grand View Research.

Analytical Instrumentation Market Growth & Trends

For instance, in October 2020, the UAE government announced the provision of financial incentives to support Indian healthcare manufacturing companies with robust R&D capabilities. The announcement was made at the UAE-India Healthcare Conference 2020 and was intended to promote partnerships and collaborations between the two countries for pharmaceutical, healthcare, medical devices, and alternative medicine. Such initiatives will boost R&D activities, which, in turn, will support market growth. The COVID-19 pandemic led to a decrease in the sales of analytical instruments, such as spectroscopy and chromatography-related instrumentation, thermal analyzers, and others in 2020.

This was due to the imposition of lockdown strictures, disruption of supply chains, and a decrease in clinical trial activities during the period. However, due to the pandemic, instrumentation related to a polymerase chain reaction (PCR), microarray, and sequencing technologies saw a significant rise in demand in 2021. Several new PCR products were launched to tackle the increasing COVID-19 cases during this period. For instance, in March 2022, Roche launched its new cobas 5800 system in the U.K. to increase testing volumes and enhance the operational efficiency of COVID-19 testing. Moreover, technological advancements are also leading to a reduction in analysis time and are increasing the medical applications of analytical instrumentation.

For instance, in June 2021, Trivitron Healthcare launched its NANO H5 & NANO H110 HPLC analyzers intended for the detection of HbA1c in less than 3 minutes. These HPLC-based HbA1c analyzers can also aid in monitoring hemoglobin variants, thalassemia, and diabetes. Furthermore, key players are launching novel analytical instrumentation for microplastic analysis. For instance, in October 2022, Agilent Technologies, Inc. launched its enhanced 8700 LDIR Chemical Imaging System with Clarity 1.5 software optimized for the analysis of microplastics in environmental samples. The advances in analytical instruments include enhanced spectral acquisition, speed of analysis, transformation, and library matching.

These technological advancements can significantly aid in increasing the adoption of analytical instrumentation and fuel market growth. On the other hand, the high cost of analytical instrumentation may restrain the industry growth during the projected timeframe. Spectrometry has a high initial setup cost; the mass spectrometers, LC/MS systems, cost around USD 40,000 to USD 200,000, depending on the technology, requirement, and analysis. Such high costs may not be affordable for small- and medium-sized laboratories, which hampers the market growth. However, to overcome the cost-associated factors, various companies and organizations are undertaking initiatives to provide analytical instruments at affordable prices. For instance, Thermo Fisher Scientific offers Mass Spectrometer Price Affordability Programs in which the company helps buy mass spectrometry instruments at affordable prices.

Analytical Instrumentation Market Segmentation

Grand View Research has segmented the global analytical instrumentation market based on product, technology, application, and region:

Analytical Instrumentation Market – Product Outlook (Revenue, USD Million, 2018 – 2030)

  • Instruments
  • Services
  • Software

Analytical Instrumentation Market – Technology Outlook (Revenue, USD Million, 2018 – 2030)

  • Polymerase Chain Reaction
  • Spectroscopy
  • Microscopy
  • Chromatography
  • Flow Cytometry
  • Sequencing
  • Microarray
  • Others

Analytical Instrumentation Market – Application Outlook (Revenue, USD Million, 2018 – 2030)

  • Life Sciences Research & Development
  • Clinical & Diagnostic Analysis
  • Food & Beverage Analysis
  • Forensic Analysis
  • Environmental Testing
  • Others

Analytical Instrumentation Market – Regional Outlook (Revenue, USD Million, 2018 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Thailand
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

List of Key Players in Analytical Instrumentation Market

  • Thermo Fisher Scientific, Inc.
  • Waters Corp.
  • Shimadzu Corp.
  • Danaher
  • Agilent Technologies, Inc.
  • Bruker Corp.
  • PerkinElmer, Inc.
  • Mettler Toledo
  • Zeiss Group
  • Bio-Rad Laboratories, Inc.
  • Illumina, Inc.
  • Eppendorf SE
  • F. Hoffmann-La Roche AG
  • Sartorius AG
  • Avantor, Inc.

Check out more related studies published by Grand View Research:

  • Process Analytical Technology Market – The global process analytical technology market is expected to reach USD 5.0 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.2% from 2022 to 2030. The rising R&D spending by pharmaceutical companies, government investment in emerging markets, growing adherence to reliability by design (QbD) principles, increasing emphasis on improving quality and manufacturing process efficiency, and technological developments in the analytical technology industry are the main drivers in the market.
  • Spectrometry Market – The global spectrometry market size is expected to reach USD 24.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.2% from 2021 to 2028. Key players offer technologically advanced spectrometry products for several healthcare applications and have collaborated with research institutes to develop novel products.
  • Sample Preparation Market – The global sample preparation market size is expected to reach USD 10.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2022 to 2030. The need to develop quick, inexpensive, and environment friendly sample preparation processes has prompted the development of novel approaches that eventually help to reduce the number of extraction steps, lower solvent usage, and automate the sample preparation system, which would further fuel the market.

Browse through Grand View Research’s  Biotechnology Industry Research Reports.


Contactless Payment Market to be Worth $164.15 Billion by 2030: Grand View Research, Inc.


The global contactless payment market size is expected to reach USD 164.15 billion by 2030, registering a CAGR of 19.1% during the forecast period, according to a new study conducted by Grand View Research, Inc. Growing adoption of new payment technologies, such as Host-based Card Emulation (HCE) and Near Field Communication (NFC) for the contactless payments, is anticipated to drive the market growth. Furthermore, a significant increase in digitalization and e-commerce platforms across the globe is boosting the growth of the contactless payment market.

Key Industry Insights & Findings from the report:

  • The smartphone based payments segment is expected to witness rapid growth during the forecast period. Growing adoption of digital wallets for making contactless payments worldwide is expected to drive the growth of the segment.
  • Retail segment dominated the market in 2021. Adoption of the new payment technologies by the retailers in order to increase revenue and reduce transaction time is expected to propel the growth of the segment.
  • North America dominated the regional market in 2021. Growing demand for contactless payments across the region is expected to play an important role in driving the growth of the regional market.

Read 140-page market research report, “Contactless Payment Market Size, Share & Trends Analysis Report By Type (Smartphone Based Payments, Card Based Payments) By Application (Retail, Transportation, Healthcare, Hospitality), By Region, And Segment Forecasts, 2022 – 2030“, published by Grand View Research.

Contactless Payment Market Growth & Trends

Thales Group, in a survey, stated that by 2023, there would be more than 2.6 billion contactless payment cards in circulation, owing to the technology’s rapid adoption in the markets such as South Asia, the U.S., and Brazil. Contactless card transactions are rapidly increasing in early-adopter markets such as the U.K., CanadaEurope, and Australia. For instance, “tap and pay” now accounts for more than 40.0% share of all card transactions in the U.K.

An increasing number of companies in the North American region are focusing on innovative solutions for the e-wallet market. For instance, in January 2022, Rev USA, Inc., a Fintech company, announced the worldwide availability of The X World Wallet, an app-based wallet. The X World Wallet has the capability to easily load to the users existing bank accounts and can be linked to digital or physical Visa cards that can be easily added to the Google, Apple, and Samsung Pay wallets for tap-and-go convenience.

The COVID-19 outbreak played a vital role in driving the growth of the contactless payment market during the forecast period. Contactless payments are in demand among restaurants due to their greater convenience, ordering accuracy, and lack of human contact. Moreover, various digital wallet companies in Canada also experienced significant growth as consumers focused more on digital wallet solutions during COVID-19. For instance, Interac Debit for In-App and In-Browser Payments experienced double-digit growth in Canada since its launch in 2019.

Contactless Payment Market Segmentation

Grand View Research has segmented the global contactless payment market based on the type, application, and region

Type Outlook (Revenue, USD Million, 2017 – 2030)

  • Smartphone Based Payments
  • Card Based Payments
  • Credit Cards
  • Debit Cards
  • Others

Application Outlook (Revenue, USD Million, 2017 – 2030)

  • Retail
  • Consumer Electronics
  • Fashion & Garments
  • Others
  • Transportation
  • Healthcare
  • Hospitality
  • Others

Regional Outlook (Revenue, USD Million, 2017 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

List of Key Players of Contactless Payment Market

  • Thales
  • Visa Inc.
  • Giesecke & Devrient GmbH
  • MasterCard
  • Apple Inc.
  • PayPal Holdings Inc.
  • American Express Company
  •, Inc.
  • Pay U

Check out more related studies published by Grand View Research:

  • Cryptocurrency Payment Apps Market – The global cryptocurrency payment apps market size is expected to reach USD 2.15 billion by 2030, growing at a CAGR of 16.6% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing adoption of blockchain technology is anticipated to drive the growth of the market. The increased emphasis cryptocurrency payment app providers are putting on offering enhanced payment solutions also bodes well for the growth of the market.
  • ATM Software Market – The global ATM software market size is anticipated to reach USD 7.50 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 4.5% from 2022 to 2030. The popularity of new ATM software technology in the banking & financial sector has been gaining momentum as the demand for cardless transaction through facial recognition, QR code, and UPI has risen tremendously over the years, acting as one of the key drivers of market growth.
  • Outdoor Payment Terminal Market – The global outdoor payment terminal market size is expected to reach USD 2.9 billion by 2030, according to a new study conducted by Grand View Research, Inc. The market is expected to witness a CAGR of 8.7% from 2022 to 2030. Smartphone-based transactions are one type of payment method frequently used at the Outdoor Payment Terminal (OPT) at the global level. This is because of the rising consumer awareness about the security features such as facial recognition and biometric software offered by smartphone-based payments.

Browse through Grand View Research’s Next Generation Technologies Industry Research Reports.


Currenxie joins Amazon’s Payment Service Provider (PSP) Program


Currenxie, the Hong Kong-headquartered cross-border payments company, today announced its official participation in Amazon’s Payment Service Provider (PSP) Program. Through this programme, Amazon sellers around the world can now choose to use Currenxie to collect revenue from their sales and make payments to their suppliers anywhere, anytime, without additional fees.

The COVID-19 pandemic has fundamentally changed the eCommerce landscape. Consumer adoption of digital products and services, as well as online shopping, have exploded – leading to an increase of online sellers jumping to meet the demand. The PSP Program is part of Amazon’s continued efforts to be the safest and the most trusted store in the world for customers and sellers. Participating PSPs must have appropriate risk and compliance controls in place and work with Amazon to reduce the potential for fraud and abuse.

Amazon marketplace sellers now have the option to select Currenxie as their chosen global payment provider to receive their sales proceeds and access one of the largest virtual account networks in the world. Using Currenxie’s Global Account® to transact means that eCommerce sellers can leverage a virtual multi-currency account with over 18 currencies, which they can then use to send and receive payments locally with over 40 countries, without any correspondent bank fees.

Riccardo Capelvenere, Founder and CEO of Currenxie, said: “We are very pleased to become a member of Amazon’s PSP Program. The Program is designed to only accept the world’s most safe and secure cross-border payments companies – ones who are committed to helping sellers around the world have the freedom to pay and be paid anywhere. We will continue to provide high-quality service for our customers on a daily basis leveraging the strength of our global payments infrastructure that we’ve built.”

Alongside Amazon, Currenxie’s platform also connects to other eCommerce marketplaces like Shopify, Etsy and eBay, as well as payment gateway providers such as Stripe, Alipay and PayPal. The company’s successful USD 10 million Series A funding round in August 2021 has allowed Currenxie to accelerate its vision of empowering businesses to access global commerce and was followed by the launch of its Visa card in November 2021 for Hong Kong-based clients.

Amazon’s Payment Service Provider Program is designed to enhance its ability to detect, prevent and take action against bad actors so Amazon and participating PSPs can continue to protect customers and sellers from fraud and abuse. Please see Amazon’s PSPP Policy Help page for important details here), and the FAQ page here for important dates.


Scienjoy Announces Strategic Alliance with MetaU on New NFT Project


Scienjoy Holding Corporation (“Scienjoy”, the “Company”, or “We”) (Nasdaq: SJ), a leading live entertainment mobile streaming platform in China, today announced that Scienjoy has formed a strategic alliance with MetaU, a company offering crypto exchange platform, to assist the Company to fulfill its mission of providing funding to artists interested in transforming their traditional arts to NFTs. MetaU expects to create an enabling environment and also provide the tools for both artists and collectors to list and purchase NFTs with virtual coins through its new NFT exchange platform scheduled to be launched in the third or fourth quarter of 2022.

As disclosed early this year, Scienjoy plans to launch NFT Experience X (the “Program”), a new program designed to offer assistance to selected artists, enabling them with the tools to turn their creations into nonfungible tokens. The Program is expected to provide technical support to artists, musicians, and other performers, as they create NFT works across selected locations, through traditional art, exhibitions, murals, and other unique art projects.

Mr. Dan Clayton, Chief Executive Officer of MetaU, commented, “I am thrilled with the strategic alliance with Scienjoy based on their interest in the NFT sector. MetaU will be working with Scienjoy for the preparation of the anticipated launch of our MetaU NFT exchange platform  in the third or fourth quarter of 2022.”

Mr. Victor He, Chairman and Chief Executive Officer of Scienjoy, commented, “We are excited about the strategic alliance with MetaU and the expected launch of its NFT exchange platform. As the COVID-19 pandemic negatively affected nearly all aspects of trade and commerce globally, the art sector took a particularly hefty blow with the shut down of vibrant art galleries and well-known exhibition scenes worldwide. Although much of that is beginning to change with the gradual recovery from the pandemic, many artists are still struggling with the impacts of cancellation of art events and substantial budget reductions from sponsors due to the uncertainty still hovering over the sector. NFT Experience X is expected to create hundreds of opportunities for artists across the world as we aim to highlight the creative minds in the Metaverse. With the new NFT exchange platform, we hope to provide independent artists a platform to transform and show their unique art works.”




Tencent Holdings Limited (“Tencent” or the “Company”, 00700.HK), a leading provider of Internet value added services in China, today announced the unaudited consolidated results for the first quarter (“1Q2022”) ended March 31, 2022.

1Q2022 Key Highlights

Revenues: stable YoY, non-IFRS[1] profit attributable to equity holders of the Company: 23% YoY

Total revenues were RMB135.5 billion (USD21.3 billion[2]), stable over the first quarter of 2021 (“YoY”).

  • On a non-IFRS basiswhich is intended to reflect core earnings by excluding certain one-time and/or non-cash items:
    –  Operating profit was RMB36.5 billion (USD5.8 billion), a decrease of 15% YoY. Operating margin decreased to 27% from 32% last year.
    –  Profit for the period was RMB26.3 billion (USD4.1 billion), a decrease of 24% YoY. Net margin decreased to 19% from 26% last year.
    –  Profit attributable to equity holders of the Company for the quarter was RMB25.5 billion (USD4.0 billion), a decrease of 23% YoY.
    –  Basic earnings per share were RMB2.678Diluted earnings per share were RMB2.620.
  • On an IFRS basis:
    –  Operating profit was RMB37.2 billion (USD5.9 billion), a decrease of 34% YoY. Operating margin decreased to 27% from 42% last year.
    –  Profit for the period was RMB23.7 billion (USD3.7 billion), a decrease of 52% YoY. Net margin decreased to 18% from 36% last year. 
    –  Profit attributable to equity holders of the Company for the quarter was RMB23.4 billion (USD3.7 billion), a decrease of 51% YoY.
    –  Basic earnings per share were RMB2.455. Diluted earnings per share were RMB2.404.
  • Total cash were RMB304.1 billion (USD47.9 billion) at the end of the period.

Mr. Ma Huateng, Chairman and CEO of Tencent, said, “During the challenging first quarter of 2022, we implemented cost control initiatives and rationalised certain non-core businesses, which would enable us to achieve a more optimised cost structure going forward. We utilised tools such as Mini Programs, Tencent Meeting, and WeCom to help enterprises and consumers weather the resurgence of COVID-19 in China, and continued investing in strategic growth areas including enterprise software, Video Accounts and international games. Looking forward, we will sharpen our focus and sustain our innovation through challenges and cycles, and continue to create value for our users, partners, and society.”

[1] Non-IFRS adjustments exclude share-based compensation, M&A related impact such as net (gains)/losses from investee
companies, amortisation of intangible assets and impairment provisions/(reversals), SSV & CPP, income tax effects and others

[2] Figures stated in USD are based on USD1 to RMB6.3482

1Q2022 Financial Review

Revenues from VAS[3] were RMB72.7 billion for the first quarter of 2022, broadly stable compared to the first quarter of 2021. Domestic Games revenues decreased by 1% to RMB33.0 billion, as direct and indirect effects of the minor protection measures impacted active user and paying user counts. During the quarter, the incremental revenues generated by recently launched games, such as League of Legends: Wild Rift and Fight of The Golden Spatula, were largely offset by the decrease in revenues from games such as Moonlight Blade Mobile and Call of Duty Mobile. International Games revenues grew by 4% to RMB10.6 billion, reflecting an increase in revenues from games including VALORANT and Clash of Clans, partly offset by a decrease in revenues from PUBG Mobile as user spending normalised post-COVID. Social Networks revenues grew by 1% to RMB29.1 billion, reflecting increased revenue from our Video Accounts live streaming service, largely offset by decreased revenues from music- and games-related live streaming services.

Revenues from Online Advertising decreased by 18% to RMB18.0 billion for the first quarter of 2022 on a year-on-year basis, reflecting weak demand from advertiser categories including education, Internet services and eCommerce, plus regulatory changes impacting the online advertising industry itself, partly offset by solid demand from the FMCG category, as well as our consolidation of Sogou’s advertising revenue. Social and Others Advertising revenues decreased by 15% to RMB15.7 billion, primarily due to sharply lower advertising revenues from our mobile advertising network, which was particularly affected by the regulatory changes, partly offset by greater advertising revenues from Official Accounts, driven by the popularity of notification feeds ads. Media Advertising revenues decreased by 30% to RMB2.3 billion, reflecting lower advertising revenues from our media platforms including Tencent News and Tencent Video, partly offset by advertising revenue contribution from the Beijing 2022 Winter Olympics.

Revenues from FinTech and Business Services increased by 10% to RMB42.8 billion for the first quarter of 2022 on a year-on-year basis. FinTech Services year-on-year revenue growth moderated as COVID-19 resurgence in March 2022 impacted commercial payment volume. Business Services revenue recorded a mild year-on-year decrease, as we repositioned our IaaS service from revenue scale-up at all costs to self-sustained growth, and proactively reduced loss-making contracts.

Other Key Financial Information for 1Q2022

EBITDA was RMB38.3 billion, down 22% YoY. Adjusted EBITDA was RMB46.1 billion, down 13% YoY.
Capital expenditures were RMB7.0 billion, down 10% YoY.
Free cash flow was RMB15.2 billion, down 54% YoY.

As at March 31, 2022, net debt position totalled RMB11.0 billion. Fair value of our shareholdings[4] in listed investee companies (excluding subsidiaries) totalled RMB606.0 billion (USD95.5 billion). During the first quarter, the Company repurchased approximately 8.9 million shares on the Hong Kong Stock Exchange for an aggregate consideration of approximately RMB3.0 billion (USD474 million).

[3] From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments
under VAS, reflecting the increasing scale of our International Games business. Mobile games VAS revenues (including mobile
games revenues attributable to our Social Networks business) decreased by 3% year-on-year to RMB40.3 billion, while PC client
games revenues grew by 2% year-on-year to RMB12.1 billion for the first quarter of 2022.

[4] Including those held via special purpose vehicles, on an attributable basis

Operating Metrics

As at

31 March


As at

31 March





As at

31 December




(in millions, unless specified)

Combined MAU of
Weixin and WeChat






Mobile device MAU of QQ






Fee-based VAS registered






Business Review and Outlook

Communication and Social

Within Weixin, Video Accounts continued to gain user traction with significant year-on-year growth in video views and time spent, bolstered by expansion in news, knowledge-based and entertainment content, as well as enhanced recommendation technologies. Mini Programs exceeded 500 million DAU and sustained rapid growth in gross merchandise value with deepened penetration in retail, dining and municipal services.

For QQ, we are enriching features for young users to better create, share and connect with each other. We provide avatar tools for users to create short videos featuring their customised Super QQ Show characters. Through Status update, users can choose to let their contacts see what videos or music they are consuming, so that their friends can access and stream the same content within QQ via Mini Programs.

Digital Content

Our fee-based VAS subscriptions increased 6% year-on-year to 239 million. We extended our market leadership in the long-form video streaming market with 124 million subscribers, leveraging IP adaptations of successful comics and novels. For music, subscription counts increased to 80 million, driven by high quality content as well as increased consumer willingness to subscribe for music services.

Domestic Games

Among our most popular and longer-established games, Honour of Kings, the top-ranked mobile game by DAU in China[5], released fewer commercially successful items during the Chinese New Year holiday period than in prior years, but its adult user base remained engaged. With the release of popular items inspired by the Chinese floral festival, Honour of Kings resumed year-on-year growth in its grossing receipts in March 2022. Peacekeeper Elite, the second-most popular mobile game by DAU in China[5], released its third anniversary update in April 2022, enhancing user engagement. We are also successfully expanding our presence in other key genres of games. Fight of The Golden Spatula, an auto battler genre game we released in August 2021, added new champions and game mechanics, and was the sixth most popular mobile game by DAU in China[5]. Return to Empire, a real-time strategy mobile game we launched in March 2022, became China’s second most successful game in its genre by grossing receipts in April 2022[6].

[5] Source: QuestMobile, 1Q2022

[6] Source:

International Games

We believe that the mobile game industry outside China generally underwent a post COVID-19 normalisation downward in terms of user activities and spending in early 2022. PUBG Mobile experienced this pattern with a year-on-year revenue decline in the first quarter of 2022. However, our PC game VALORANT continued its robust performance with a growing user base and higher paying propensity. We also released titles in other key genres which generated favorable critical response. For example, Dune: Spice Wars, a real-time strategy PC game based on the popular sci-fi IP Dune and published by our subsidiary Funcom, entered into Early Access in April 2022. We and Electronic Arts have jointly developed Apex Legends Mobile, a hero shooter battle royale game based on one of the most successful new PC/console IPs in recent years, which was launched in May 2022.

Online Advertising

For 2022 second quarter-to-date, overall advertising sentiment remained weak as advertisers in categories such as FMCG, eCommerce and travel have reduced their spending significantly. Amid the difficult market environment, we continue to invest in our advertising system and are upgrading our machine learning infrastructure to process data more efficiently. The upgrade should enable us to deliver better targeting and conversion rates for advertisers


Commercial payment activities have been weak since mid March 2022, due to the resurgence of COVID-19 in several cities in China, which negatively affected payment volume growth in categories such as transportation, dining services and apparel.

Cloud and Other Business Services

As we re-focused on healthy growth for Business Services, we scaled back loss-making activities, and concentrated resources on our PaaS solutions in areas such as video cloud and cybersecurity. Taking advantage of our accumulated experience in providing in-house interactive entertainment and video chat services, and our low-latency network infrastructure, we are increasingly migrating our clients from basic CDN (Content Delivery Network) services to sophisticated video-on-demand, live streaming and real-time communication solutions. According to Gartner, Tencent ranked first in China by CPaaS (Communication PaaS) revenues. In cybersecurity, we expanded our client base across network, endpoint and business operation security solutions, fulfilling enterprises’ growing needs for protection against cyber-attacks, and for cybersecurity compliance.


World’s banks accelerate shift to digital after COVID-19


Banks are rapidly accelerating their shift to digital channels as they seek to reinvent their business models in response to the COVID-19 pandemic, a new paper from Atos reveals.

Incumbent banks are facing a major challenge in fighting off digital competitors, while all banks must harness technology in order to meet new decarbonization targets and regulatory requirements, as well as cater for rising consumer demands.

Two thirds (66 per cent) of banking leaders named transforming the digital customer experience as a top priority over the next year in a survey, while a further 80 per cent said digital technology is essential to achieving their decarbonization targets. Almost half named account security and protection from fraud as a key priority.

The results, from a survey that included 400 retail banking leaders across North America and Europe, are highlighted in the latest global opinion paper by Atos, Digital Vision: Digital Banking, which brings together leading voices from across the industry and geographies, including North America, to examine the latest trends that are shaping and transforming the digital future of banking.

Digital Vision: Digital Banking illustrates how digital technology is making banking smarter, greener and safer. It details how big data, artificial intelligence, blockchain and the Internet of Things are offering banks new opportunities to transform the customer experience, decarbonize operations, and protect their business and customers from external threats.

Adrian Gregory, Global Head of Financial Services & Insurance at Atos, said: “Digital disruption is not new to the banking industry: technologies advance and hungry market entrants are emerging all the time. What has changed, however, is the massively accelerated shift to digital channels as a result of Covid-19. Atos is working with our banking customers and global partners to help navigate and accelerate business and digital transformation to deliver banks’ priorities and ambitions. At this pivotal time in history, we see important opportunities to collaborate to help create a cleaner, more inclusive and secure future for all.”

The Digital Vision: Digital Banking paper builds on the experience of Atos as a leading digital partner to many of the world’s banking, capital markets and insurance companies, providing integrated technology solutions that help financial services providers prosper in a rapidly evolving digital world.

Over the past year alone, Atos has secured a broad range of banking, insurance, pensions, and capital markets contracts across multiple continents. Examples include the selection of Atos by Banque Misr, one of the largest banks in Egypt, to support its transformational journey to become the country’s first digital bank; a minimum 10-year contract with Nest to design and build a future focused pension scheme; and an extended agreement to accelerate transformation with Dutch insurer VGZ.


COVID-19 Saliva Screening Test Potential Market Size Worth $3,406.2 Billion By 2023: Grand View Research, Inc.


The global COVID-19 saliva screening test potential market size is expected to reach USD 3,406.2 billion by 2023, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 4.8% from 2021 to 2023. The rise in demand for rapid, efficient, saliva-based screening tests has positively impacted market growth.

Key suggestions from the report:

  • The market estimates represent a potential market size for the COVID-19 saliva screening test based on the assumptions that the end-use locations have a 60% population attendance or capacity (60% of pre-COVID attendance) and the testing rate using test device is 100%
  • Saliva-based tests play a vital role in screening asymptomatic individuals thereby aiding in market revenue generation in the near future
  • The fluorescence-labeled antigen/antibodies test is designed to accelerate rapid point-of-access testing of individuals
  • Owing to the pandemic, the economy across the various sectors is severely impacted.
  • However, with the reopening of various sectors and locations such as shopping malls and amusement parks, there is a growing need for screening individuals to curb viral transmission
  • In the U.S., more than 40 amusement parks have prepared to reopen by the spring of 2021, thus increasing the demand for rapid tests
  • Thus, there is a high growth potential for the market with the increase in usage of the medical test at various locations to screen individuals
  • Regulatory bodies such as the U.S. FDA and European Medicine Agency (EMA) have supported these products by providing EUA and product approvals
  • In April 2021, Vatic Health received the CE mark for its on-the-spot’ saliva antigen test for the SARS-CoV-2 virus. The test has also completed the Medicines and Healthcare Products Regulatory Agency (MHRA) registration in the U.K.
  • North America dominated the market owing to the high penetration and adoption of saliva-based screening tests in the region
  • The U.S. is the major contributor to revenue generation due to the emergence of new small and mid-sized companies engaged in the development of such tests

Read 178 page research report with ToC on “COVID-19 Saliva Screening Test Potential Market Size, Share & Trends Analysis Report By Location (Travel Stations), By Technology, By Mode (Centralized Testing, Decentralized Testing), By Region, And Segment Forecasts, 2021 – 2023” at:

This is primarily due to the various advantages offered by saliva-based tests, increasing product approvals by regulatory bodies, and a paradigm shift toward point-of-care testing. The fluorescence-labeled antigen/antibodies test is one of the recent saliva-based COVID-19 screening tests in the market which is based on the principles of fluorescence detection, biochemistry, robotics automation, and cloud computing.

As the number of people visiting public places is increasing and reaching pre-pandemic statistics in a few countries, there is a growing demand for rapid, point-of-care COVID-19 tests to mitigate viral transmission from asymptomatic people. This has enhanced the R&D for the development of simple yet effective saliva-based tests and is expected to create lucrative opportunities for several developers.

Grand View Research has segmented the global COVID-19 saliva screening test potential market on the basis of location, technology, mode and region:

  • COVID-19 Saliva Screening Test Potential Location Outlook (North America) (Revenue, USD Million, 2020 – 2023)
    • Travel Stations
      • Airports
      • Cruise
      • Ports
      • Train Stations
    • Border Crossing
    • Sports Arenas
    • Concert Halls
    • Shopping Malls and Centers
    • Amusement Parks
    • Corporate Campus Environments
    • Universities & Colleges
    • Factories
      • Food Processing Plants
      • Meat Packing Plants
      • Pharmaceutical Plants
      • Mining
      • Retail Working Warehouses
  • COVID-19 Saliva Screening Test Potential Location Outlook (Other Regions) (Revenue, USD Million, 2020 – 2023)
    • Travel Stations
    • Sports Arenas
    • Entertainment Venues
    • Corporate Campus Environments
    • Universities & Colleges
    • Factories
  • COVID-19 Saliva Screening Test Potential Technology Outlook (Revenue, USD Million, 2020 – 2023)
    • Fluorescence-labeled antigen/antibodies testing
    • RT-PCR
    • CRISPR-Cas9
  • COVID-19 Saliva Screening Test Potential Mode Outlook (Revenue, USD Million, 2020 – 2023)
    • Centralized Testing
    • Decentralized Testing
  • COVID-19 Saliva Screening Test Potential Regional Outlook (Revenue, USD Million, 2020 – 2023)
    • North America
      • U.S.
      • Canada
    • Europe
    • Asia Pacific
    • Rest of World

List of Key Players in COVID-19 Saliva Screening Test Potential Market

  • FluroTech Ltd.
  • ARUP Laboratories
  • Vatic Health
  • MOgene
  • Psomagen Inc.
  • DxTerity Diagnostics, Inc.
  • Ambry Genetics
  • Fluidigm Corporation
  • Phosphorus Diagnostics LLC
  • Gravity Diagnostics
  • DNA Genotek, Inc.
  • Quidel Corporation
  • Abbott
  • LumiraDX

Find more research reports on  Clinical Diagnostics Industry, by Grand View Research:

  • COVID-19 Diagnostics Market  The global COVID-19 diagnostics market size is estimated at USD 84.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.1% from 2021 to 2027.
  • COVID-19 Detection Kits Market  The global COVID-19 detection kits market size is valued at USD 3.28 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.05% from 2021 to 2027.
  • COVID-19 Sample Collection Kits Market  The global COVID-19 sample collection kits market size is estimated to be valued at USD 12.8 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 3.5% from 2021 to 2027.

Chief of REDPHARMA wins two Business Worldwide Magazine 2021 CEO Awards


The head of Belgium based healthcare marketing company REDPHARMA has been named twice in the 2021 Business Worldwide Magazine CEO Awards. Paul Moreau was the outright winner in two categories; ‘Most Innovative CEO in Healthcare Marketing and Communications’ & ‘Growth Strategy CEO of the Year – Belgium‘.

The awards celebrate innovative, influential CEOs from companies all around the world. Rather than focusing on the companies as a whole, as many business awards do, instead the focus here is on the personalities that drive these organisations forward, in turn inspiring others to achieve similar successes.

REDPHARMA specialises in marketing solutions that help pharmaceutical and healthcare companies reach their full potential. This has always been a competitive market, but since the dawn of the COVID-19 pandemic the industry has found itself under even greater pressure, with many struggling to keep up with demand or stand out from their competitors. It’s also an industry that has been slow to adopt modern communications strategies, so REDPHARMA is here to help healthcare companies adopt marketing methods that really work for them.

Paul Moreau and his team help REDPHARMA’s clients navigate the complex evolution of the healthcare industry, offering a range of services from consultancy and training to voucher and loyalty schemes. The company also offers groundbreaking digital marketing solutions that help healthcare firms bring their products to life and build strong relationships with customers.

Paul has an intrinsic understanding of how customers think and how to target marketing campaigns accordingly, as well as using secure analysis tools to give unprecedented insights. His deep knowledge of how the pharmaceutical industry is evolving and the role of technology, coupled with exemplary leadership and entrepreneurial skills, has seen the REDPHARMA brand go from strength to strength since its inception in 2010.

To find out more, visit the company website at

An article on the company can be found on the BWM website:

Further information about the Business Worldwide Magazine awards can be found online at


Regulators Challenged by COVID-19 Pandemic but Not Letting Businesses Off the Hook, Nuix Survey Finds

Regulators worldwide have largely adjusted to the new circumstances brought about by the COVID-19 pandemic and maintained their focus on protecting consumers and markets, according to a new survey published by global software company Nuix ( The report also highlights the importance of investigation readiness for regulators, highly regulated corporations and the legal and advisory firms they turn to for help.

Nuix’s 2021 Global Regulator Report: Best Practices for Financial and Competition Regulators Around the World is the result of a survey by Ari Kaplan Advisors ( of 31 securities, financial services and competition regulators in 18 countries.

“Over the period I was doing the research, the regulators I spoke to were making significant adjustments to their own work practices and in the way they dealt with their target corporations as a result of the pandemic,” said Ari Kaplan, principal of Ari Kaplan Advisors and the report’s lead researcher and author.

“On the one hand, the regulators understood that their targets were operating in changed circumstances. But they also recognized that in tougher economic times, there is a greater temptation to do the wrong thing, such as the emergence of COVID-related fraud, and that called for greater vigilance.”

The survey examines financial and competition regulators’ investigative methods, preferred technology protocols, primary enforcement strategies, data sharing preferences and much more. As well as providing a wealth of data for regulators seeking to benchmark against their global peers, the report offers valuable intelligence for highly regulated corporations and their legal and advisory firms.

“One very interesting finding was that most regulators don’t provide any warning that an investigation is about to drop,” said Stuart Clarke, Nuix’s Regional Director for Northern Europe. “Throughout my career, I’ve seen that urgent, last-minute responses to regulatory investigations incur the greatest financial burden.

“This research clearly shows the return on investment for developing a regulator-ready strategy. Being regulator ready is not just about remaining compliant. You can dramatically reduce your risk by having a firm grasp of your regulatory environment and leveraging best-in-class technology to discover and investigate your data.”

Between March 20 and August 11, 2020, legal industry analyst Ari Kaplan interviewed 31 regulators responsible for securities, financial services and competition in 18 countries. To read the full report and related materials, visit


7.3% CAGR Expected in Global Outdoor Lighting Market by 2030: P&S Intelligence


The increasing urbanization in various countries is fueling the rapid construction of roads and highways across the world. To make road traffic more efficient and smoother, the governments of several countries are implementing policies aimed at improving and upgrading the road transportation infrastructure. For example, according to the Chinese Ministry of Transport, the total spending on the transport infrastructure of the country was around $328 billion from January to September 2019.

As the rapid construction of roads and highways is propelling the demand for outdoor lighting systems, the increasing urbanization in various countries is one of the key factors driving the expansion of the global outdoor lighting market. Because of this factor, the value of the market will rise from $10.7 billion in 2019 to $23.8 billion by 2030, while the market will exhibit a CAGR of 7.3% from 2020 to 2030. Moreover, the surging sales of automobiles, especially in the developing nations, are massively boosting the requirement for proper road transport infrastructure, thereby fueling its development.

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The ongoing COVID-19 pandemic has not only halted such infrastructural development projects, but has also negatively affected the supply of various electronic components and parts of lights from original equipment manufacturers (OEMs), especially those based in China. Additionally, the implementation of strict lockdown measures by the governments of several countries has disrupted the logistics and supply chain and has also massively affected the travel and hospitality industry, thereby reducing the worldwide demand for outdoor lighting systems.

The light-emitting diode (LED) lights category, under the lighting type segmentation of the market, is predicted to register the highest growth in the future years. This is credited to the mushrooming installation of LEDs at stadia, streets, parking lots, and numerous other outdoor settings in many countries, on account of the increasing enactment of several energy-efficiency measures aimed at reducing the emission of greenhouse gases (GHG) and the electricity costs. For example, Philadelphia announced in 2019 that it aims to replace as many as 100,000 streetlights with LED-based lighting systems in the future years. This will allow the city to reduce its yearly electricity expenditure of $15 million on streetlights.

Under the component segmentation, the control category is predicted to demonstrate faster growth in the market in the future years. This will be because of the growing requirement for daylight sensors in streetlights and the burgeoning demand for camera-based lighting control and hybrid lighting control systems.

Browse detailed report with COVID-19 impact analysis on Outdoor Lighting Market Research Report: By Lighting Type (HID Lights, LED Lights, Fluorescent Lights, Plasma Lights), Component (Fixture, Control), Application (Streets, Highways, Parking Lots, Stadiums, Tunnels), Distribution Channel (Direct Sale, Retail)- Industry Trends and Demand Forecast to 2030 @

Highways were the largest application area of outdoor lighting systems between 2014 and 2019, on account of the launch of several extensive highway renovation and construction projects during that time period. For example, in 2019, the Jilin Provincial Department of Transportation in China linked Liaoyuan and Dongliao, Ji’an and Tonghua, Yushu and Songyuan, and Jilin and Changchun Longjia International Airport via four separate highways.

The outdoor lighting market is currently registering the highest growth in the Asia-Pacific (APAC) region, on account of the fact that the region is the world’s largest distributor, exporter, and manufacturer of energy-efficient lighting systems. In addition to this, in various regional countries, many initiatives are being launched for replacing the traditionally used lights with LEDs. For example, under the Street Light National Programme (SLNP) implemented in 2015, the Indian Government aims to deploy 35 million LEDs in place of the conventionally used streetlights.

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The major global outdoor lighting market players are Signify N.V., Acuity Brands Inc., General Electric Company, OSRAM Licht AG, Cree Inc., Hubbell Incorporated, Samsung Electronics Co. Ltd., Zumtobel Group AG, Syska LED, Virtual Extension, Dialight Plc, and Eaton Corporation plc.