Tag: P&S Intelligence

global-mattress-market-will-surpass-usd-69,077.7-million-revenue-by-2030,-says-p&s-intelligence

Global Mattress Market Will Surpass USD 69,077.7 Million Revenue by 2030, Says P&S Intelligence

January 16, 2023 Published by

 

In 2022, the mattress market size was $40,810.1 million, which will likely rise to $69,077.7 million by 2030, at a 6.80% CAGR from 2022 to 2030, according to a research report by P&S Intelligence.

The development of the industry is attributed to that of the tourism sector, which is generating the requirement for more hotels and leading to the increasing sales of mattresses.

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Furthermore, the increasing concerns for health and the snowballing per capita income have boosted the demand for mattresses, as people are spending more on health-improving items. In addition, people are not shying away from paying more for sleeping aids. The majority of the people compare costs and read the product feedback before purchasing bedding.

Customers Continue To Prefer Bedding Made of Memory Foam

In 2022, the memory foam category was the highest revenue generator. This can be credited to the fact that people suffering from orthopedic conditions, such as joint problems, majorly select memory foam as it provides better comfort than other materials. In addition, the utilization of these products in the hospitality industry is because they are affordable and easily available.

Queen- and King-Size Variants Are Becoming More Popular 

In 2022, the queen-size category dominated the market, with a share of approximately 38.5%, and it is projected to grow at a significant pace in the coming years. This can be ascribed to the booming acceptance of queen-size variants in homes, mainly because of their low cost.

Similarly, the king size category is projected to grow at a significant rate in the future. A king-size variant is big enough to adjust two people, still leaving space for a small child or a pet. A king-size mattress is the best option for people looking for more space for sleeping.

The commercial sector is expected to grow at a significant rate over this decade. It is been observed that the average residential users swap their mattresses every 8–10 years, and a hotel usually buys a new one every 4–6 years.

Browse detailed report on Mattress Market Size, Share, Growth and Demand Forecast to 2030

Mattress Manufacturers Remain Most Profitable in Asia-Pacific

The APAC region is leading the industry, with a revenue share of approximately 40% in 2022. This is due to the huge population of India, Indonesia, and China. As the purchasing power of the middle-class population from this region is increasing, their urge to spend more for improved standards of living is also surging. Such factors are expected to support APAC in remaining the largest consumer of such products in the future.

Mattress Market Report Coverage

By Product

  • Innerspring
  • Memory Foam
  • Latex

By Size

  • Single
  • Double
  • Queen
  • King

By Distribution Channel

  • Online
  • Offline

By End Use

  • Residential
  • Commercial
    • Hotel
    • Hospital

Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • India
    • South Korea
    • Japan
    • Australia
  • Latin America
    •  Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

Browse More Reports Published by P&S

Europe Mattress Market Share, Growth, Development and    Future Analysis

Canada Mattress and Accessories Market Share, Growth, Development and Future Analysis

U.S. Mattress Market Share, Growth, Development and Future Analysis

machine-translation-market-to-surpass-$319.44-million-revenue-by-2030,-says-p&s-intelligence

Machine Translation Market to Surpass $319.44 Million Revenue by 2030, Says P&S Intelligence

December 21, 2022 Published by

 

The machine translation market in 2021 was worth around $169.11 million, which is on track to hitting $319.44 million by 2030, progressing at a 7.1% CAGR from 2021 to 2030, as per P&S Intelligence.

PaaS, SaaS, and on-demand computing are a few of the important methods utilized by both commercial and academic sectors to access such software. The ability of cloud-based machine translation systems to lower operating costs has made their integration with cloud computing a significant trend.

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North America Leads Global Machine Translation Utilization

North America accounts for a more than 44% share in the global industry. This is because the regional military and homeland security authorities increasingly using this technology for translation and interpretation.

The technology facilitates communication between the forces of different nations in joint operations and training exercises, as well as making it simpler for soldiers to decipher the communications of attackers who speak a foreign language.

Due to Large Clientele, APAC Will Have Fastest Adoption Rise

In the coming years, APAC is predicted to have the highest growth rate, of over 7.5%. The setup of businesses by overseas firms, large clientele, rise in the count of high-net-worth people, surge in the income levels, presence of various languages, and growth in the emphasis on digital activities by SMEs and large corporations are all major contributors to the growth.

Usage of Neural Technology Growing among Businesses

The category of neural machine translation is projected to experience the highest CAGR in the years to come. This is owing to the burgeoning data quantities, growing pace of technical developments, and rising need for this technology from organizations.

Thus, in April 2022, AppTek LLC debuted its NMT system, which leverages metadata as the input to tailor the MT output. It provides localization experts with more-dependable machine translations influenced by users’ inputs.

Military and Defense Organizations Create Robust Demand for Machine Translation Solutions

Military and defense applications hold an over 10% share. Military and defense forces need to translate large quantities of content quickly, to connect with multilingual people in real time, because there are hundreds of languages spoken around the world.

Browse detailed report on Machine Translation Market Share, Growth, Trends and Demand Forecast to 2030

For most professions, communication is essential, but for defense and military professionals, it may be the difference between life and death. This is due to the significant obstacle that language presents to military activities and defense research organizations.

E-Commerce Applications’ Revenue Contribution Rapidly Growing

In the future, the e-commerce sector is predicted to have the fastest growth. When retail businesses were forced to close due to the COVID-19 epidemic, customers were left with little choice except to shop online for their groceries, gadgets, clothing, and other necessities. This drove the need of online shopping firms to connect with people in their mother tongues, which resulted in a significant utilization of the machine translation technology.

Global Machine Translation Market Report Coverage

By Technology

  • Statistical Machine Translation
  • Rule-based Machine Translation
  • Neural Machine Translation

By Deployment Type

  • On-Premise
  • Cloud

By Application

  • Automotive
  • Military and Defense
  • Healthcare
  • IT
  • E-Commerce
  • Travel and hospitality

Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

Browse More Reports Published by P&S

Global Security as a Service Market Size, Share and Demand Forecast to 2030

Global Natural Language Processing Market Size, Share and Demand Forecast to 2030

Global Video Surveillance as a Service Market Size, Share and Demand Forecast to 2030

Global Application Platform as a Service Market Size, Share and Demand Forecast to 2030

integrated-cloud-management-platform-market-value-to-surpass-$8,854.9-million-by-2030,-says-p&s-intelligence

Integrated Cloud Management Platform Market Value to Surpass $8,854.9 Million by 2030, Says P&S Intelligence

July 21, 2022 Published by

 

According to the market research report published by P&S Intelligence, in 2021, the global integrated cloud management platform market was worth around $2,502.2 million, which is predicted to hit an $8,854.9 million value by 2030, progressing at a 15.1% CAGR from 2021 to 2030. This is owing to the shifting workload to cloud environments and rapid acceptance of multi- and hybrid-cloud strategies. Moreover, the COVID-19 pandemic boosted the market by impelling firms to move to the WFH model from the WFO model, either partly or completely.

Opportunities for Business

Hybrid cloud infrastructure is becoming more widely used, which is allowing businesses to grow. To keep some workload on-premises for data protection, IT businesses are rapidly converting to the hybrid cloud infrastructure.

Operational efficiency can be boosted with the usage of machine learning and AI technologies in integrated AIOps for cloud management; therefore, end users are giving it more attention. This gives startups and established businesses opportunities to deliver integrated cloud management solutions with AIOps technologies.

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Outlook of Segments

  • The BFSI sector is the largest vertical to employ integrated cloud management platforms, accounting for over 30% of the revenue, owing to the adoption of hybrid and multi-cloud models by over 90% of the banking and financial service enterprises.
  • The second-largest vertical is IT and telecom, since the businesses operating in this industry have a lot of data to handle, both locally and in a cloud environment.
  • Given the intense competition they face from major organizations, SMEs are expected to see a higher CAGR in the next years, as a result of their growing use of integrated cloud management platforms.
  • Due to the scarcity of human resources, businesses are rapidly automating their cloud environments, which is why the solutions bifurcation accounted for the larger integrated cloud management platform market share in 2021—more than 55%.
  • The category of services, which includes support and maintenance, education and training, consultancy, and integration and implementation services, is predicted to boost more rapidly.

Geographical Analysis

Due to the large-sale adoption of the private cloud infrastructure by businesses to manage their networks, the North American market, which accounts for 40% of the global solution and service sales, is the largest regional integrated cloud management platform market.

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Owing to the worries about vendor lock-in and the dependability on a single cloud, as well as the increasing need to comply with data security and privacy safety legislation, the APAC integrated cloud management platform market is predicted to advance at the highest CAGR from 2021 to 2030.

Because of the widespread use of cloud computing by enterprises in the region, Europe has the second-largest share. Additionally, this is credited to the incorporation of state-of-the-art technologies, including edge computing and IoT, in cloud-based applications.

Integrated Cloud Management Platform Market Report Coverage

By Component

  • Solutions
  • Services

By Enterprise Size

  • Large Enterprises
  • SMEs

By Vertical

  • BFSI
  • IT and Telecom
  • Retail and Consumer Goods
  • Government and Defense
  • Healthcare and Life sciences
  • Energy and Utilities
  • Manufacturing

Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

Browse More Reports Published by P&S

Customer Engagement Solutions Market Size Analysis and Growth Forecast to 2030

Call Center AI Market Size Analysis and Growth Forecast to 2030

Contactless Biometrics Market Size Analysis and Growth Forecast to 2030

rna-analysis-market-will-reach-$14,909.8-million-by-2030,-says-p&s-intelligence

RNA Analysis Market Will Reach $14,909.8 Million by 2030, says P&S Intelligence

July 19, 2022 Published by

 

According to the latest market research study published by P&S Intelligence, in 2030, the RNA analysis market will reach $14,909.8 million, growing from a value of $4,833.4 million in the year 2021 at a rate of over 13%. The increase in the demand for tailored medicine, surge in the investments by governments for biotech, omics, and pharma research and development, expansion in the application area of RNA sequencing, and development of new transcriptomics products are pushing the global market.

Transcriptomics consumables have the highest demand in the RNA analysis market, and this trend will keep going in the near future because of the increasing research and development activities in the pharmaceutical sector, in addition to the rising government investment for research in life sciences. For example, in March 2022, the Canadian government provided aid of about $14 million for mobilizing genomics through 10 downstream research and development projects.

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Next-generation sequencing is one of the most-widely used techniques for transcriptomics, and it had an over 30% share in the RNA analysis market in 2021. The development in precision medicine and the surge in the count of research studies that involve RNA sequencing, because of its advantages over traditional technologies, is driving the demand for the NGS process. Essentially, the growing use of RNA sequencing in agricultural and cancer research is driving the growth of the market.

Transcriptomics is mainly used in drug discovery & development due to the arrival of RNA-based therapeutics. RNA-based drugs are being explored for difficult-to-treat ailments and those that are currently incurable, including rare genetic diseases, AIDS, cancer, and diabetes. For instance, Otsuka Pharmaceutical Co. Ltd. has teamed up with xFOREST Therapeutics Co. Ltd. for creating RNA structure-targeted drugs for numerous ailments.

In 2021, the RNA analysis market share of North America was nearly 40%, with the U.S. being the market leader and Canada set to experience the faster growth in the coming years. This is because of the promising government strategies for pharmaceutical R&D, surge in healthcare expenditure, high chronic disease prevalence, and improvement in the access to advanced healthcare infrastructure. Moreover, the majority of the biopharma and pharma companies are headquartered here, particularly in the U.S.

Browse detailed report on RNA Analysis Market Size, Share, Growth and Demand Forecast Report 2030

The MEA and LATAM regions will also grow considerably, because of the rising occurrence of genetic ailments and the absence of appropriate treatments in the region. In LATAM, Brazil has an over 50% market share, and Mexico will have a significant growth rate. In the MEA, South Africa has a high possibility of market advance because of the immense unmet need for treatments for numerous diseases.

RNA Analysis Market Report Coverage

By Product

  • Consumables
  • Instruments
  • Software

By Technology

  • Next-Generation Sequencing
  • Polymerase Chain Reaction
  • Microarray
  • Mass Cytometry

By Application

  • Drug Discovery and Development
  • Diagnostics
  • Cell Biology
  • Single Cell Analysis
  • Gene Expression

By End-User

  • Academic and Research Institutions
  • Biotechnology and Biopharmaceutical Companies

Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

Browse More Reports Published by P&S

DNA Extraction Kit Market Share and Growth Analysis, 2030

Generic Drugs Market Share, Development, Growth and Demand Forecast to 2030

Gene Therapy Market Size, Share, and Revenue Estimation Through 2030

Particle Therapy Market Size, Share, Growth and Demand Forecast to 2030

call-center-ai-market-size-to-surpass-$12,910.6-million-size-by-2030,-says-p&s-intelligence

Call Center AI Market Size To Surpass $12,910.6 Million Size by 2030, Says P&S Intelligence

July 15, 2022 Published by

 

According to the latest market research report published by P&S Intelligence, in 2021, the global call center AI market accounted for a $1,982.9 million value, which is on the track to touching $12,910.6 million by 2030, progressing at a CAGR of over 23% from 2021 to 2030. The increasing customer engagement through social media and growing demand for upgraded data analytical abilities, to respond to customer inquiries, drive the market.

According to research, consumer switching costs U.S. firms over $100 billion annually. Because of this, it has become important for firms to enhance their customer services, to increase customer experience. Businesses streamline customer relationship management because of the early deployment of the AI technology in call centers.

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Key Findings of Call Center AI Market Report

  • Google Cloud and Sprinklr partnered in January 2022 to support their customer experience management strategy. Sprinklr’s agreement with Google will enable it to boost consumer awareness and expedite its go-to-market strategy.
  • One of the major industry trends is the growing emphasis on omnichannel customer communication. Customers now have a range of options for interacting with a business, including live chats, emails, social media, and websites, owing to the deployment of call center AI solutions, including chatbots and IVA.
  • In terms of solution usage, the call center AI market is led by the BFSI industry. This is owed to the growing demand of customers for flexibility and mobility while executing banking transactions.
  • Small & medium enterprises’ revenue contribution will grow at a 24.0% CAGR during the forecast period. This will be because of the growing number of SMEs that are adopting call center AI solutions to solve customer queries faster and more effectively.
  • The cloud category will record the faster growth, at a 24.3% CAGR, from 2021 to 2030, because the cloud provides flexibility and remote access and the spans public, private, and hybrid cloud technologies.
  • A significant demand for AI solutions is generated by the contact centers of IT & telecom companies. Numerous IT and telecom firms are competing for the limited market base; thus, it is crucial for the players to offer high-quality services at reasonable prices.

Browse detailed report on Call Center AI Market Analysis, Size, New Trends, Emerging Opportunities, And Top Key Players By 2030

The North American call center AI market is set to produce $6,582.4 million revenue in 2030, which will have grown at a 23.3% CAGR during 2021–2030. This will be because of the rising expenditure across industries on call centers, to offer effective services to retain customers, and the existence of key companies in the region.

IVAs can aid agents in cross-selling and upselling to consumers, while assisting in making recommendations to potential prospects. Businesses use chatbots and virtual agents with AI capabilities to carry out a variety of automated operations, including balance verifying, placing orders, and responding to initial inquiries.

Call Center AI Market Segmentation Analysis

By Component

  • Solutions
  • Services
    • By Professional Services
      • Training and Consulting
      • System integration and implementations
      • Support and Maintenance
    • Managed Services

By Application

  • Workforce Optimization
  • Predictive Call Routing
  • Journey Orchestration
  • Agent Performance Management
  • Sentiment Analysis
  • Appointment Scheduling

By Organization Size

  • Small & Medium Enterprises
  • Large Enterprises

By Deployment Mode

  • Cloud
  • On-premises

By End Use

  • BFSI
  • Retail & eCommerce
  • Media & Entertainment
  • Healthcare
  • IT & Telecom
  • Travel & Hospitality

Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • U.K.
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa

Browse More Latest Reports

Contact Center Software Market Size, Overview, Growth Opportunities and Forecast to 2030

Project Portfolio Management Market Size, SWOT Analysis, Key Business Strategies and Demand Forecast to 2030

Metaverse Market Size, Segments, Emerging Technologies and Growth Forecast to 2030

Corporate Telephony Market Size, Growth Challenges, Opportunities and Forecast Report 2030

european-construction-and-material-handling-machinery-market-to-surpass-$75,436.3-million-revenue-by-2030,-says-p&s-intelligence

European Construction and Material Handling Machinery Market to Surpass $75,436.3 Million Revenue by 2030, says P&S Intelligence

March 24, 2022 Published by

 

Growing at a 5.1% CAGR, the European construction and material handling machinery market revenue will rise to $75,436.3 million by 2030 from an estimated $48,411.6 million in 2021. Currently, such equipment is being utilized the most for building residential units, because of Europe’s growing population, which is increasingly moving to the cities.

In this regard, the rapid construction of smart cities is driving the demand for machinery for construction and material handling. As human activities, such as electricity generation and transportation, contribute to the degradation of the environment, cities of the future are being designed to curb environmental degradation by reducing the consumption of electricity.

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Key Findings of Europe Construction and Material Handling Machinery Market Report

  • Infrastructure development activities have especially picked up since the lifting of the COVID-19 lockdowns in the continent, as the long-delayed projects now need to be completed at a much-higher pace.
  • For instance, five of the largest construction projects in Europe in recent times began in 2021, and the EU aims to triple its high-speed rail traffic by 2050.
  • In this regard, a key trend in the European construction and material handling machinery market is modular and offsite construction, wherein the major components of buildings are prefabricated, thus saving time at the actual site of construction.
  • Among all types of machines, those used for moving earth are in the highest demand in the continent. This is attributed to the construction of civic infrastructure, wherein transporting earth to and away from the site is a key process.
  • The rental companies bifurcation will witness the higher European construction and material handling machinery market CAGR in the coming years, as renting the equipment can save costs for the entity actually involved in the construction project.
  • Moreover, machinery with electric propulsion is rising rapidly in demand as it emits extremely low or no carbon emissions, thus helping in the achievement of the overall climate targets.

Moreover, the total cost of ownership of EVs is lower than those running on diesel and gasoline, as electric variants do not have many of the mechanical parts common in conventional powertrains. This makes the maintenance of electric construction and material handling machinery cost-effective. Moreover, electricity is cheaper than diesel, which further reduces the total cost of ownership of EVs.

Browse detailed report on Europe Construction and Material Handling Machinery Market Size and Forecast Report, 2030

This is why major European construction and material handling machinery market players are launching electric variants of such machines. For instance, Cargotec Corporation launched eight electric lifting equipment models under the Kalmar Electric Reachstacker brand in December 2021. Other key companies offering such equipment are LIEBHERR-International Deutschland GmbH, AB Volvo, Caterpillar Inc., Sany Heavy Equipment International Holdings Company Limited, Hitachi Ltd., Komatsu Ltd., J.C. Bamford Excavators Limited, The Manitowoc Company Inc., Xuzhou Construction Machinery Group Co. Ltd., KION Group AG, and CNH Industrial N.V.

Europe Construction and Material Handling Machinery Market Segmentation Analysis

By Type

  • Earthmoving Machinery
    • Excavators
    • Loaders
    • Dump trucks/tippers
  • Material Handling Machinery
    • Forklifts
    • Fixed cranes
    • Mobile cranes
    • Conveyors
  • Concrete and Road Construction Machinery
    • Mixing plants
    • Mixer trucks
    • Pumps
    • Pavers
  • Tunneling Machinery

By End Use

  • Residential Housing
  • Transport, Energy, and Water Infrastructure
  • Institutional and Commercial Buildings
  • Industrial Sites

By Customer

  • Rental Companies
  • Contractors

By Propulsion Type

  • Electric
  • ICE

Geographical Analysis

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Switzerland
  • Poland
  • Netherlands
  • Belgium and Luxembourg
low-code-development-platform-market-size-to-be-$190,792.6-million-by-2030,-says-p&s-intelligence

Low-Code Development Platform Market Size to be $190,792.6 Million by 2030, says P&S Intelligence

November 10, 2021 Published by

 

The global low-code development platform market revenue, which was $12,500.6 million in 2020, is predicted to witness a 31.3% CAGR during 2020–2030, to reach $190,792.6 million by 2030. A key reason behind this would be the remote working policies, movement restrictions, and general lockdowns that were implemented around the world during the COVID-19 pandemic. These measures led to a drastic rise in the demand for computer and mobile applications offering news and gaming, COVID-related alerts, and other features.

Low-code development platforms allow even those with almost zero knowledge of computer programming and coding to create applications and software, with its drag-and-drop approach. Even before the pandemic, the swift digital transformation had driven the demand for all kinds of mobile and computer software and applications. As a result, IT companies are using the low-code development technology to cut their software development time and cost, by engaging citizen developers.

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Key Findings of Global Low-Code Development Platform Market Report

  • Most users have deployed low-code development platforms over the cloud as this mode offers increased scalability, 24/7 data access, and reduced IT expenditure.
  • In the coming years, small and medium enterprises (SMEs) will become quite important in the low-code development platform market as the proposition of reduced expenses and quicker app delivery provided by this technology makes it ideal for smaller companies with limited finances.
  • The IT sector has been the largest user of this technology till now as it creates most of the software and applications for computers and mobile phones. Hence, such companies have widely adopted these solutions to optimize their productivity and reduce their reliance on expensive resources.
  • In the future, the demand for services, such as low-code development platform integration and deployment, training, consultation, and upgradations, will increase faster than for the solutions themselves.
  • The rapid digitization is the biggest driver for the demand for such solutions as digitization is characterized by the large-scale usage of applications and software on mobile devices and computers.
  • The adoption of this technology is currently the highest in the U.S., which is home to numerous IT firms and people with a high disposable income, who, additionally, enjoy easy access to the internet.

In the years to come, Asia-Pacific (APAC) will be the fastest-growing low-code development platform market on account of the increasing focus of governments on digital transformation, burgeoning smartphone and internet penetration, and expanding IT sector. Moreover, a lot of North American and European companies outsource application and software development to those based in APAC, which is driving the usage of this technology.

Browse detailed report on Low-Code Development Platform Market Growth Drivers and Future Estimations By 2030

The major companies in the low-code development platform market are Appian Corporation, Alphabet Inc., Salesforce.com Inc., Oracle Corporation, MatsSoft Limited, ServiceNow Inc., AgilePoint Inc., Caspio Inc., Outsystems Inc., Microsoft Corporation, Lansa Inc., Mendix Technology B.V., QuickBase Inc., Magic Software Enterprises Ltd., Pegasystems Inc., and Temenos Headquarters SA. They are engaging in product launches and partnerships to consolidate their position and gain higher revenue.

Low-Code Development Platform Market Segmentation Analysis

Low-Code Development Platform Market Based on Offering

  • Solution
    • General purpose
    • Process app
    • Database app
    • Mobile-first app
    • Request handling software
  • Service
    • Professional
    • Managed

Low-Code Development Platform Market Based on Deployment Type

  • Cloud
  • On-Premises

Low-Code Development Platform Market Based on Enterprise

  • Large Enterprises
  • Small & Medium Enterprises (SME)

Low-Code Development Platform Market Based on Vertical

  • Information Technology (IT)
  • Banking, Financial Services, and Insurance (BFSI)
  • Retail
  • Healthcare
  • Government
  • Manufacturing
  • Media and Entertainment
  • Education
  • Energy and Utilities

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • U.A.E.
    • South Africa

Browse More Reports

Digital Twin Market – The global digital twin market revenue is expected to rise to $73,245.4 million by 2030, from $3,645.1 million in 2019, at a 31.9% CAGR during 2020–2030. IoT was the largest category in the digital twin market in 2019, as businesses across all industries are focusing on sensor-based product development.

Human Enhancement Market – The global human enhancement market is predicted to grow to $271.6 billion by 2030, from $64.8 billion in 2019, witnessing a 14.7% CAGR during 2020–2030. The defense category is expected to witness the highest CAGR in the human enhancement market during the forecast period.

Robotic Process Automation Market – The robotic process automation market is growing rapidly, owing to which, its value is predicted to rise from $1.6 billion in 2019 to $46.0 billion by 2030. Furthermore, the market will demonstrate a CAGR of 36.3% from 2020 to 2030, as per the forecast of P&S Intelligence, a market research company based in India.

plant-based-protein-market-to-be-$26,721.3-million-by-2030,-says-p&s-intelligence

Plant-Based Protein Market To Be $26,721.3 Million by 2030, says P&S Intelligence

November 5, 2021 Published by

 

From $11,104.3 million in 2020, the global plant-based protein market value is predicted to rise to $26,721.3 million by 2030, at a 9.2% CAGR between 2020 and 2030. The key factor behind the rising demand for such products is the increasing shift away from animal proteins, both on ethical and biological grounds. For instance, lactose intolerance is a common health issue affecting millions of people around the world, which is why they do not consume milk or anything made from it. Then, there is the question of ‘animal rights’, which has made many people shun meat and go for plant-based alternatives.

Moreover, the COVID-19 pandemic has only accelerated this shift, as people are now more concerned for their health. For instance, the Plant-Based Foods Association (PBFA) and the Good Food Institute (GFI) recorded a 27% increase in the retail sales of plant-based food products in the U.S. in 2020. This has been aided by the increasing production of such goods by established food and beverage companies, as well as startups, backed by significant investments.

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Key Findings of Plant-Based Protein Market Report

  • Most plant-based protein products are made from soybean due to its excellent percentage of proteins, fats, and fiber.
  • Food will continue being the larger application area in the plant-based protein market in the coming years because of the rising demand for vegan food and changing lifestyles.
  • Due to the surging awareness on the fewer health risks to vegetarians, healthier food products, including those made from plants, are trending around the world.
  • The increase in people’s spending power is also fueling the sale of plant-based protein products, as being ultra-processed, they are generally expensive.
  • North America has been the largest plant-based protein market in the past.
  • The market has a fragmented nature, which is why it is witnessing a large number of strategic activities.

Browse detailed report on Plant-Based Protein Market Size and Industry Growth Forecast to 2030

The consumption of such products is expected to increase the fastest in the Asia-Pacific (APAC) region in the coming years. Such eatables now carry the texture and taste of products made from animal sources, which is why even the vegetarians and vegans in the region are trying them out. Apart from soy, protein products made from peas, as well as ‘lab-grown’ meats, are gaining popularity among the huge consumer base here.

Major players in the plant-based protein market are Archer Daniels Midland Company, Wilmar International Ltd., Cargill Incorporated, Roquette Frères, Kerry Group PLC, Glanbia PLC, Koninklijke DSM N.V., Emsland Group, BENEO GmbH, Ingredion Inc., and AGT Food and Ingredients. They are regularly engaging in mergers, acquisitions, partnerships, collaborations, product launches, and facility expansions to consolidate their position.

Plant-Based Protein Market Segmentation Analysis (2021-2030)

Plant-Based Protein Market Based on Source

  • Soybean
  • Wheat
  • Pea

Plant-Based Protein Market Based on Application

  • Food
  • Feed

Plant-Based Protein Market Based on Form

  • Dry
  • Liquid

Plant-Based Protein Market Based on Type

  • Isolated
  • Concentrated
  • Textured

Geographical Insights

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Italy
    • Germany
    • U.K.
    • Spain
  • Asia-Pacific (APAC)
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • South Africa

Browse More Report:

Meat Substitutes Market – Globally, the North American meat substitutes market is expected to generate the highest revenue during the forecast period, due to the rising customer preference for meat alternatives derived from plant-based ingredients and escalating health awareness among the populace of the region.

Omega-3 Market – In the future years, the Asia-Pacific (APAC) omega-3 market will exhibit the highest and the fastest growth in the world, as per the calculations of P&S Intelligence, a market research company based in India.

global-market-for-synthetic-rubbers-to-witness-significant-cagr-in-coming-years:-p&s-intelligence

Global Market for Synthetic Rubbers to Witness Significant CAGR in Coming Years: P&S Intelligence

August 2, 2021 Published by

 

The burgeoning requirement for replacement tires and various other automotive parts, increasing demand for long-lasting rubber, soaring implementation of government initiatives for meeting the escalating need for rubber, mushrooming investments being made by rubber producers and their increasing production capacities, and rising industrialization rate are driving the expansion of the global synthetic rubber market. Because of these factors, the market is predicted to progress rapidly during 2021–2030, according to P&S Intelligence.

During the COVID-19 pandemic, lockdowns were imposed by the governments of many countries to mitigate the spread of the infection. This caused massive disruptions in manufacturing and supply chain operations, thereby affecting the operations of many industries such as automotive, in which rubber is used extensively. Moreover, the lack of availability of raw materials, delay in trade and latex collection, and the imposition of restrictions on exports and imports caused the closing down of various industries. Because of these reasons, the demand for synthetic rubber fell sharply, which, in turn, affected the growth of the market.

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The synthetic rubber market is classified into polybutadiene rubber (BR), styrene-butadiene rubber (SBR), styrene block copolymer (SBC), butyl rubber (IIR), acrylonitrile-butadiene rubber (NBR), and ethylene-propylene-diene rubber (EPDM), based on product type. Amongst these, the SBR category dominated the market in 2020, and it is predicted to exhibit huge expansion during the forecast period. This is credited to the abrasion resistance characteristic of SBR, which makes it highly suitable for use in building and construction activities and also in healthcare and footwear industries.

Depending on application, the synthetic rubber market is divided into footwear, non-tire automotive, tire, adhesives & sealants, industrial components, and paints & coatings. Amongst these, the tire category contributed the highest revenue to the market in 2020, and it is predicted to grow sharply throughout the forecast period as well. This is ascribed to the surging requirement for replacement tires, because of the soaring sales of two-wheelers and four-wheelers.

Browse detailed report with COVID-19 impact analysis on Synthetic Rubber Market Research Report: By Form Type (Solid, Liquid), Product Type (Styrene Butadiene Rubber, Butadiene Rubber, Styrenic Block Copolymer, Ethylene Propylene Diene Monomer Rubber, Butyl Rubber, Nitrile Rubber), Application (Tire, Non-Tire Automotive, Footwear, Industrial Components, Adhesives & Sealants, Paints & Coatings) – Global Industry Analysis and Growth Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/synthetic-rubber-market

Globally, Asia-Pacific (APAC) dominated the synthetic rubber market, both in terms of value and volume, in 2020, due to the high requirement for synthetic rubber in the tire and construction industries in the region. Moreover, many global automakers are setting up their manufacturing plants in the APAC countries to bolster their presence and expand their operations in the region. Currently, the automotive industry in China is flourishing, with a strong focus on manufacturing environment-friendly vehicles, which is, in turn, fueling the demand for synthetic rubber in the region.

The players operating in the global synthetic rubber market are actively focusing on launching products in order to strengthen their position. For example, researchers working at the Fraunhofer Institute developed a new type of synthetic rubber in April 2019. This product is 30–50% less abrasive than natural rubber. Furthermore, the initial tests conducted on the tires manufactured from biomimetic synthetic rubber BISYKA showed that their abrasiveness was less than the ones produced from natural rubber.

Some of the major synthetic rubber market players are Bridgestone Corporation, Toyo Tire & Rubber Co. Ltd., LANXESS AG, JSR Corporation, The Dow Chemical Company, Kumho Petrochemical Co., Ltd., and Denka Company Ltd.

Browse Other Related Reports

Automotive Tire Market – Geographically, the automotive tire marketwill demonstrate the highest growth in Asia-Pacific in the coming years. This is credited to the soaring automobile manufacturing, the increasing gross domestic product (GDP), and the soaring disposable income of the people residing in the developing countries such as India and China.

U.S. Automotive Tire Market – The U.S. automotive tire market is set to increase its revenue size to $75.4 billion by 2024 from $57.9 billion in 2018, while demonstrating a 5.4% CAGR between 2019 and 2024.

7.3%-cagr-expected-in-global-outdoor-lighting-market-by-2030:-p&s-intelligence

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

March 27, 2021 Published by

 

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 @ https://www.psmarketresearch.com/market-analysis/outdoor-lighting-market

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.

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