Wide Bandgap Semiconductors Market Research During The Ongoing COVID-19 & Research Methodology By Forecast 2022-2032

The worldwide wide bandgap semiconductor market is guage to be esteemed at US$ 831.8 million by 2032, up from US$ 241.3 million of every 2022, progressing at a CAGR of 13.2% during the figure time frame. The interest for wide bandgap semiconductors is ascending as makers are exceptionally utilizing Silicon Carbide (SiC) and Gallium Nitride (GaN) in radio recurrence applications.

Wide-bandgap semiconductors are semiconductor materials which permits gadgets to work at much high temperatures, voltages, and frequencies thinking about that of customary semiconductor materials like gallium arsenide and silicon.

Wide-bandgap semiconductors are the principal part used to make blue and green LEDs and lasers. This sort of semiconductors is additionally utilized in specific radio recurrence applications like quite military radars. Further, the wide bandgap semiconductors are likewise ordered under cutting edge semiconductors, and the included properties make it reasonable for the different scope of jobs

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Wide Bandgap Semiconductors Market: Drivers and Restraints

To extend the battery life and to improve the power efficiency in electronic and electrical gadgets such as portable media players, desktop computers, flat panel displays, notebooks, smartphones wide bandgap semiconductors are used. So increasing demand of above-mentioned goods is spurring the demand for wide bandgap semiconductors market during the forecast period.

To produce the ultraviolet LEDs with wavelengths ranging from 200–250 nm and to make blue LEDs and lasers wide bandgap semiconductors are used. So increasing demand of LED lights is influencing the growth of the wide bandgap semiconductors market. On the other hand, the high cost of manufacturing of wide bandgap semiconductor is the major challenge restraining the growth of the wide bandgap semiconductors market over the forthcoming years.

Wide Bandgap Semiconductors Market: Regional Outlook

North America dominated the wide bandgap semiconductors market was owing to increase in applied demand of wide bandgap semiconductors in automobile sectors. Therefore the demand for wide bandgap semiconductors in the respective region is expected to spur over the forecast period.

Asia Pacific countries such as India and China are expected to witness the fastest growth due to increasing demand of efficient semiconductors in various sectors such as automotive, computer, consumer goods and others. Further lucrative business opportunities in India such as “Make In India” is encouraging investors to invest in the country owing to avail benefits of supportive government regulation and easy availability of cheap labors are the other factors influencing the growth of the Wide Bandgap Semiconductors market in the India.

Key Developments in the Wide Bandgap Semiconductors Market

Some key developments in the wide bandgap semiconductors market are:

  • ROHM Semiconductor is a leading manufacturer of wide band gap semiconductors (SiC and GaN). It has started a mass production of SiC power components, such as SiC Schottky diodes and SiC planer MOSFETs since 2010. In February 2019, the company announced plans to upgrade its existing production facility for WBG semiconductors with the help of advanced machines.
  • In August 2019, ON Semiconductor announced the introduction of a wide band gap silicon-carbon MOSFET in its product line. The company expects that the new product would witness high demand in the next few years due to rise in demand for WBG semiconductors for use in applications such as automotive electric systems and electric vehicles.

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Competitive Landscape

Who are some of the Key Market Players in the Wide Bandgap Semiconductors Market?

The major player operating in the wide bandgap semiconductors market are Efficient Power Conversion Corporation, Mersen S.A., Everlight Electronics Co, Avogy, Inc., Toshiba Corporation, Fujitsu Limited, Renesas Electronics Corporation, NXP Semiconductors N.V., and Cree Inc.

The other prominent vendors associated with the wide bandgap semiconductors market are Fairchild Semiconductor, GeneSiC Semiconductor, Inc., Infineon Technologies AG, Infineon Technologies AG, MicroGaN Gmbh, United Silicon Carbide Inc., Microsemi Corporation, Vishay Intertechnology, Inc. Mitsubishi Electric, Nitronix Nanotechnology Corporation, Powerex, ROHM Semiconductor, STMicroelectronics, Sanken Electric Co., Ltd, Semikron, Semisouth Laboratories, Inc., and Shindengen Electric.

These major players are continuously collaborating, upgrading, and making efforts for expanding the wide bandgap semiconductors market with high-frequency regulations for energy and power devices to boost sales of wide bandgap semiconductor.

Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

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Key Segments in the Wide Bandgap Semiconductors Market

By Material Type:

  • Silicon Carbide
  • Gallium Nitride
  • Diamond
  • Other (Zinc Oxide, ZnSe etc.)

By Application:

  • Hybrid
  • Vehicle
  • PV Inverters
  • Railway Traction
  • Wind Turbines
  • Power Supplies
  • Motor Drives
  • UPS
  • Others

By End-Use Industry:

  • Defense and Aerospace
  • Information and Communication Technology
  • Consumer Electronics
  • Automotive
  • Others

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Smart Grid Data Analytics Market Current Scenario Trends, Comprehensive Analysis & Regional Forecast 2022-2032

The Smart Grid Data Analytics Market revenues were estimated at US$ 4.3 Bn in 2021 and is anticipated to grow at a CAGR of 12.3% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 14.9 Bn. Revenue through Cloud-based Smart Grid Data Analytics is projected to grow at 14.9% CAGR during 2022 – 2032.

Smart grids lead the new generation of the electrical industry by transitioning from static one-way control to dynamic two-way control. Smart grids capture more data than traditional energy meter reading systems.

As additional factors are included, this enables the application of data analysis tools and the development of realistic consumption projections. As a result, since there is exponentially more data accessible to construct analytical models, the prospects for smart grid analytics has been growing.

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Moreover, smart grid maximizes asset use and runs effectively, resulting in required functionality at the lowest possible cost. Many corporations are already updating their substations and power plants by installing sensors on the key components, such as turbines and transformers, to detect vibration or other irregularities that might lead to future issues. As a result, these businesses use smart grid analytics to improve the operation of connected equipment in the field.

Smart grid analytics industry has experienced rapid development in recent years due to the various driving factors like the introduction of smart metering infrastructure, which generates a massive number of data, the finite nature of non-renewable sources of energy, and increased customer participation.

The development in cloud-based solutions/Software-as-a-Service (SaaS) solutions, increasing demand for system integrators, and a shift in focus on grid operation optimization are all market prospects throughout the smart grid analytics environment.

Key Takeaways from the Market Study

  • Global Smart Grid Data Analytics Market is expected to reach a market size of US$ 4.7 Bn by 2022.
  • In terms of IT Solution, the Generalized Solutions segment is expected to have the highest CAGR rate of 14% during the forecast period.
  • In terms of Deployment Model, the Cloud-based segment is expected to account for the highest CAGR of 14.9% during the forecast period.
  • United States is projected to remain the dominant market with an absolute dollar growth opportunity of US$ 1.5 Bn during 2022 – 2032.
  • The market in U.S is set to experience the highest CAGR of 10% during the 2022-2032 forecast period.

“During the projected period, the rise of Cloud-based deployment model can become a key driver in raising the Smart Grid Data Analytics market revenue.” comments a Future Market Insights analyst.

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Competitive Landscape

The Smart Grid Data Analytics Market is highly concentrated, with only a few competitors accounting for the vast majority of market share. The established firms are attempting to obtain supremacy in this sector. These firms are increasing their profits and market shares through smart joint projects. Some development in this Smart Grid Data analytics market include:

  • In January 2020, Itron Inc. has agreed to work with the Los Angeles Department of Water and Power (LADWP) to increase grid awareness and lower operational expenses. LADWP is likely to adopt Itron’s Industrial IoT connection & Distribution Automation (DA) technology as part of this collaboration to modernize its grid.
  • In October 2019, Uptake has partnered with Symboticware to provide mining companies with an end-to-end, incorporated data science and AI platform to increase the productivity of mobile mining equipment. Symboticware’s SymBot gadget, which takes significant data across mining fleets, and Uptake’s Asset IO, Asset Performance Management (APM) application that employs artificial intelligence (AI) to extract expected insights from data, are part of the combined solution.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Smart Grid Data Analytics Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Smart Grid Data Analytics Market in terms of Component (Solution, Services), Deployment Model (On-premises, Cloud-based, Hybrid), End-User (Small/ Medium Enterprises, Large Enterprises, Public Sector), IT Solution (Specialized Solutions (for Back-end) (CRM, Billing, Customer Care, Business Intelligence, Others), Generalized Solutions (for Front-end) (CRM, Billing, Customer Care, Business Intelligence, Others)), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

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Market Segments Covered in Smart Grid Data Analytics Market Analysis

By Component:

  • Smart Grid Data Analytics Solution
    • AMI Analytics
    • Demand Response Analytics
    • Grid Optimization
    • Asset Management
    • Others
  • Smart Grid Data Analytics Services
    • Professional Services
    • Managed Services

By Deployment Mode:

  • On-premises Smart Grid Data Analytics
  • Cloud-based Smart Grid Data Analytics
  • Hybrid

By End-user:

  • Large enterprises
  • Small and Medium-sized Enterprises
  • Public Sector

By IT Solution:

  • Specialized Solutions
    • CRM
    • Billing
    • Customer Care
    • Business Intelligence
    • Others
  • Generalized Solutions
    • CRM
    • Billing
    • Customer Care
    • Business Intelligence
    • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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Smart Classroom Market Recent Trends, Consumption by Regional data, Development, Investigation, Growth Forecast 2022-2032

The Smart Classroom Market revenues is estimated at US$ 71.5 Bn in 2021 and is anticipated to grow at a CAGR of 7% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 152.4 Bn.

During the pandemic, the education sector migrated to online mode. Schools and universities started to offer lessons online and utilized e-Learning technology, which is fueled the industry growth during the lockdown.

Curriculum management software, e-textbooks, management, and communication platforms are examples of educational technology that boosted their effectiveness. Additionally, the cost of educational technology gadgets and the internet data required to use them also reduced.

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Virtual Learning Environments (VLEs), like comprehensive developments in remote learning, are breaking down physical boundaries to education, extending its reach beyond the walls of institutional facilities. VLEs are not only for delivering lessons via online platforms. They also allow full-fledged assessments, projects, exams, progress records, rapid feedback, and other features. While kids and teachers can customize their profiles on these portals, parents can obtain daily reports on their child’s development via email, text messaging, or other methods.

Even on school grounds, technology-driven smart classrooms may improve students’ learning experiences through active, sophisticated audio-visual learning. Furthermore, the application of AI and insights may help teachers better monitor their learners, providing them with an accurate picture of each student’s strengths and limitations.

Key Takeaways from the Market Study

  • Global Smart Classroom Market is expected to reach a market size of US$ 152.4 Bn by 2022.
  • In terms of End-use, the K-12 education segment is expected to account for the highest CAGR of 7.3% during the forecast period.
  • In terms of component, the Hardware segment is expected to account for highest CAGR of 7.1% during the forecast period.
  • United States is projected to remain the dominant market with an absolute dollar growth opportunity of US$ 17.6 Bn during 2022 – 2032.
  • The market in India is set to experience the highest CAGR of 7.4% during the 2022-2032 forecast period.

“During the projected period, the rise of K-12 Education in terms of end-use can become a key driver in raising the Smart Classroom market revenue.” comments a Future Market Insights analyst.

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Competitive Landscape

Market participants are pursuing a variety of strategic initiatives, including partnerships, mergers and acquisitions, collaborations, and the creation of new products and technologies. Some of the key market participants in Smart Classroom market include Microsoft Corporation, Dell Inc., Apple, Inc., Fujitsu Ltd., Cisco Systems, Inc., Discovery Communication, Dynavox Mayer-Johnson, Huawei Technologies Co., Blackboard Inc., and SAP SE.

Some of the recent developments in the smart classroom market include:

  • In January 2022, Teachmint Technologies Pvt. Ltd, an e-learning company for teachers and students, purchased MyClassCampus (Teachmint Technologies Pvt. Ltd), an ERP platform for educational enterprises, in January 2022. By merging its learning management system (LMS) along with ERP software, Teachmint will be able to increase its offerings in schools and other educational institutions.
  • In March 2021, Huawei Technologies Co., Ltd. announced the debut of a smart classroom solution which depends on the HUAWEI IdeaHub Board as well as the educational cloud platform. This approach is utilized for online education, live broadcasting, and remote teaching. Moreover, the group discussion scenario allows instructors and students to exchange material and engage with one another, enhancing student interest and encouraging them to take charge, thereby improving the learning environment and efficiency.
  • In May 2021, SAP SE introduced SAP Learning Hub, a free learning resource for students and teachers. This new free programme for the next generations of talent will provide the information and opportunities needed to attain in-demand digital skills.
  • In February 2020, Blackboard Inc. revealed the acceptance of its edtech software and services for Navajo Technical University (NTU). Through the cooperation, the firm provides its cloud-based installation of a Learning Management System (LMS), online educational solution, course material accessibility service, blackboard collaborations, blackboard studies, blackboard ally, and IT help desk services.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Smart Classroom Market, presenting historical market data (2016-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Smart Classroom Market in terms of Component (Hardware, Software, Services), End-use (Early Education, K-12 Education, Higher Education, Language Education, Vocational Education), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa (MEA)).

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Market Segments Covered in Smart Classroom Market Analysis

By Component:

  • Hardware
    • Interactive Whiteboards
    • Digital Displays
    • Smart Projectors
    • Others
  • Software
    • Learning Management Software
    • Student Response Software
    • Classroom Management and Assessment Software
    • Distance Learning Solutions
    • Security
    • Others
  • Services
    • Managed/Outsourced
    • Professional

By End-use:

  • Early Education
  • K-12 Education
  • Higher Education
  • Language Education
  • Vocational Education

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Suite 401, Newark, 
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Smart City Platforms Market Report | Size, Growth, Demand, Scope, New Opportunities & Forecast 2022-2032

The Smart City Platform Market revenues were estimated at US$ 156.1 Bn in 2021 and is anticipated to grow at a CAGR of 10% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 446.7 Bn.

Enterprise Resource Planning is crucial for optimizing procedures and boosting corporate operations across sectors. The Internet of Things (IoT) and large data influxes are already shaking up the ERP environment, bringing new opportunities for continuous improvement and process automation. The ERP environment of today is extremely complicated, owing in part to the dizzying pace of technology.

A small-scale ERP deployment typically requires approximately three months to finish, but a larger-scale project may take up to two years. Meanwhile, substantial technological advancements may occur concurrently with the two-year deployment. The advent of lesser priced cloud computing and SAAS services complicates the marketing of ERP software.

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The integration and deployment of smart city platform solutions with ERP solutions is a difficult undertaking that must be completed in phases. The outdated ERP solutions are insufficient to function independently and meet the needs of customers. Additionally, firms are hesitant to migrate to that of an Integrated Workplace Management System (IWMS) or Computerized Smart City Platforms (CAFM) technology.

Conventional enterprise resource planning (ERP) technology would be preferred by larger firms. Furthermore, smart city platform solutions should not be used as stand-alone solutions in the facility’s digital architecture. It is frequently necessary to combine smart city platforms with ERP systems. Furthermore, integrating smart city platform solutions and services with ERP systems is a difficult operation that must be accomplished in stages.

Key Takeaways from the Market Study

  • Global Smart City Platform Market is expected to reach a market size of US$ 446.7 Bn by 2022.
  • In terms of Offering, the Platform segment is expected to have the highest CAGR of 9.3% during the forecast period.
  • In terms of Delivery Model, the Hybrid segment is expected to account for the largest CAGR of 8.7% during the forecast period.
  • United States is projected to remain the dominant market with absolute dollar growth opportunity of US$ 84.9 Bn during 2022 – 2032.
  • The market in U.S is set to experience the highest CAGR of 9.3% during the 2022-2032 forecast period.

“The surge in venture capital investments by major corporations will benefit the Smart City Platform industry trends in the coming years.” comments a Future Market Insights analyst.

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Competitive Analysis

The research discusses key trends in the smart city platform industry as well as inorganic and organic growth methods. Various firms are focusing on organic growth strategies such as product approvals, new product releases. The strategy noted in the sector included mergers and acquisitions, partnerships, and collaborations. These measures have paved the way for market players to grow their business and strengthen distribution network.

Some of the recent developments in smart city platform market include:

  • In October 2021, Siemens took over Wattsense, a French start-up company. Siemens gained the ability to assist businesses throughout Europe in complying with Energy Performance of Buildings Directive due to this purchase (EPBD). This regulation requires tertiary sector buildings to include control and automation technologies that improve energy efficiency and reduce CO2 emissions.
  • In June 2021, Microsoft and Mejo collaborated with Palantir and Sompo Holdings. The firms hoped to facilitate innovative capabilities of connected car data throughout the world through this partnership. Furthermore, the collaboration would help Wejo’s goal of building vendor-agnostic industry rules in connected car data, as well as applications across numerous industries such as fleet, insurance, smart city, payments, and mobility, among others.
  • In March 2021, Hitachi has acquired GlobalLogic, a US-based product engineering services firm. Through this takeover, the firm aimed to expand its key segments, namely IT, Energy, Industry, Mobility, and Smart Life and Astemo.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Smart City Platform Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Smart City Platform Market in terms of Offering (Platforms, Services), Delivery Mode (Offshore, Hybrid, Onshore), Application (Smart Transportation, Public Safety, Smart Energy & Utility, Infrastructure Management, Citizen Engagement), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa (MEA)).

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Market Segments Covered in Smart City Platforms Market Analysis

By Offering:

  • Platforms
    • Connectivity Management Platform
    • Integration Platform
    • Device Management Platform
    • Security Platform
    • Data Management Platform
  • Services
    • Professional Services
    • Managed Services

By Delivery Model:

  • Offshore
  • Hybrid
  • Onshore

By Application:

  • Smart Transportation
  • Public Safety
  • Smart Energy & Utility
  • Infrastructure Management
  • Citizen Engagement

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.   
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Suite 401, Newark, 
Delaware – 19713, USA   
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Global Proteomics Market Size, Forecast by Regions and Key Countries, upto 2026

Proteomics Market: Overview

The proteomics market has grown substantially at a healthy CAGR due to growing need for personalized medicine and rising funds for proteomics research. With rapid technological advancement and innovation, proteomics market is expected to grow globally. North America is the largest market for proteomics market and Asia Pacific would be the fastest growing market in the forecast period.

Proteome is an entire set of proteins which is produced by a system or an organism. It can vary with different time, requirements, stresses, that an organism goes through. Proteomic is a systematic study of proteins on a broader way. Since proteins are the functional units of cells, hence proteomic answers all the questions related to it.

Proteomics research can be enhanced by advances in mass spectrometry and protein and DNA sequence database. Proteomics requires various instruments, equipment’s, reagents, media and software’s for protein identification, quantification and identification of the interaction between proteins.

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Proteomics Market: Drivers & Restraints

Growing demand for personalized medicine market, technological advancement, innovation, increase availability of funds from both private and public sector for proteomics increasing healthcare expenditure, increasing genetic disorders, birth disorders are the most important driving factors in proteomics market.

Since growth of pharmaceutical and biopharmaceutical market is fast, the demand for proteomics market has increased.

With so many advantages and splendid features of proteomics, it has few disadvantages too. High cost of the medicines and devices and lack of professional researchers are acting as a barrier for proteomics market.

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Proteomics Market: Region-wise Outlook

The proteomics market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, proteomics market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the largest market for proteomics market and is contributing the most as compare to other regions. Asia Pacific is the fastest growing region in the forecast period.

Proteomics Market: Key Players

Some of the key market players proteomics market are Agilent Technologies, Thermo Fisher Scientific Inc., Danaher Corporation, Genzyme Corporation, GE Healthcare, Bio-Rad Laboratories, Inc., Affymetrix Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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Proteomics Market: Segmentation

Proteomics market is broadly classified on the basis of the following segments

By Equipment :

  • Chromatography
  • Mass Spectroscopy
  • Protein Microarray
  • X-ray Crystallography
  • Protein fractionation
  • Others

By Services:

  • Laboratory Service
  • Data Analysis and Services

By Application:

  • Drug discovery
  • Clinical Diagnosis
  • Others

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Ethernet Storage Fabric Market is Reach a Valuation of US$ 5.4 Bn by 2032 – Report by FMI

According to a recent study done by FMI, the Ethernet Storage Fabric market is expected to reach US$ 5.4 billion by 2032, up from US$ 1.6 billion in 2022, expanding at a high CAGR of 13.2% from 2022 to 2032. This study explains that the growth in the demand to adopt enterprise mobility is expected to achieve operational efficiency in different enterprises, which will further accelerate the market value.

The rise in the adoption of simplified data center management services, especially by small and medium scale enterprises is another factor bolstering the growth of the market. The growing volume of organizational data will further carve the way for the growth of the market. The major growth rate of the ethernet storage fabric market is due to the growing demand for high bandwidth, performance, and scalability in enterprise and cloud service provider data center. In addition, the rise in the number of businesses and their data has mandated data storage.

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As a result, businesses are turning to innovative storage technologies like Ethernet storage fabric and big data. As the number of businesses grows, so does the volume of data. Data centers and Ethernet storage fabric are becoming more important as a result of this which will drive the market for Ethernet storage fabrics. Increased focus on the technological advancements and rapid increase in the rate of preference by the various verticals will emerge as the major market growth driving factors.

Key Takeaways from the Market Study

  • Global Ethernet Storage Fabric Market was valued at US$ 1.6 Bn by 2022-end
  • China to account for the highest value share of US$ 0.4 Bn of global market demand for Ethernet Storage Fabric Market in 2032
  • From 2015 to 2021, ethernet storage fabric demand expanded at a CAGR of 15.4%
  • By Application, Enterprise Data Center constitutes the bulk of ethernet storage fabric deployment with a CAGR of 14.0%.

Competitive Landscape

Players in the global Ethernet Storage Fabric Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In August 2021, Arista Networks announced an expansion of its cloud-grade routing solutions that extends its products to the edge. The company had added new features to its EOS operating system to enable its products to be used as edge routers, including new capabilities for virtual private networks (VPN) and traffic engineering.
  • In May, 2021, Juniper Networks took intent networking to the next level with new Apstra Software to simplify deployment and Day 2 operations in even more data center environments.
  • In April 2021, Marvell extended automotive networking leadership with a launch of 802. 3ch 10G ethernet PHY.

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More Insights Available

Future Market Insights offers an unbiased analysis of the global Ethernet Storage Fabric Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered In The Ethernet Storage Fabric Report

By Storage Type:

  • Block Ethernet Storage Fabric
  • File Ethernet Storage Fabric
  • Object Ethernet Storage Fabric
  • Hyper-Converged Ethernet Storage Fabric Infrastructure

By Device:

  • Ethernet Storage Fabric Switches
  • Ethernet Storage Fabric Adapters
  • Ethernet Storage Fabric Controllers

By Switching Port:

  • Ethernet Storage Fabric of 10 GbE or 25 GbE
  • Ethernet Storage Fabric from 40 GbE to 50 GbE
  • Ethernet Storage Fabric of 100 GbE and above

By Application:

  • Ethernet Storage Fabric for Enterprise Data Centers
  • Ethernet Storage Fabric for Cloud Service Provider Data Centers
  • Ethernet Storage Fabric for Telecommunications
  • Ethernet Storage Fabric for Government

By Region:

  • North America Ethernet Storage Fabric Market
  • Latin America Ethernet Storage Fabric Market
  • Europe Ethernet Storage Fabric Market
  • Asia Pacific Ethernet Storage Fabric Market
  • MEA Ethernet Storage Fabric Market

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Edtech Market is Increase at a Healthy CAGR of 14.5% through 2031 – Future Market Insights, Inc.

According to Future Market Insights (FMI), the demand registered in the edtech market will increase at a healthy CAGR of 14.5% during the forecast period (2021-2031). The overall sales in the market are expected to reach a valuation of ~US$ 74,239.7 Mn by the end of 2021 and US$ 288.4 Bn by the end of 2031. As per FMI, rapid technological advances and the introduction of learning through entertainment have increased the adoption of edtech worldwide. As standardization is difficult while working with multiple sites, digital learning helps individuals to access the content at any time of the day. It can also be accessed at any time in any part of the globe.

With new innovative tools or practices being launched in digital technology, online learning is helping learners adopt new changes efficiently. Hence, learning management software (LMS) is gaining wider acceptance globally. The LMS helps in managing the learning process and creating an engaging learning environment for adding more functionalities to enhance the learning capacities. Hence, companies are using LMS to make their employees better trained, and more knowledgeable about products and services.

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Key Takeaways

  • By component, the hardware segment is anticipated to account for the leading share during the forecast period. However, the software segment is estimated to grow at a CAGR of 16.7% through 2031.
  • By end user, the academic institution segment is anticipated to increase at a CAGR of 16.7% between 2021 & 2031.
  • The market in U.S. is expected to expand at a CAGR of around 11.2% through 2031.
  • In India, edtech market is estimated to grow by a CAGR of nearly 22.8% over the next ten years.
  • Edtech market in Japan is expected to witness growth by 5.1X during the forecast period.

Adaptive Learning is Gaining Traction

Adaptive learning has gained more interest due to new product development, partnership among e-learning software providers and education publishers and significant investment in adaptive learning. Adaptive learning is gaining popularity as the development of new technologies like AR and AI which is giving adaptive learning a lift at another level. The adaptive learning has the advantage of robust analytics, it also helps in confidence-based assessments and pre-learning tests that help organizations to sidestep the drawbacks of generalized learning.

Adaptive learning ensures that each learner goes through the most effective learning path. Adaptive learning helps learners to gain confidence due to the personalized feedback provided. Adaptive learning model adoption can help learner to gain the objective knowledge and various skills.

Initiative by Educational Institutes Creating Growth Opportunities

Education institutions are undertaking initiatives for encouraging the students for switching from the traditional textbooks to eBooks for learning seamlessly. For Instance, K-12 schools are replacing traditional study to new online learning to benefit student’s overall growth. This is creating opportunities for the players to offer their e-learning solution in the market.

Also, demand for micro learning is increasing as it is suitable way of learning for the new generation of learners that have shorter attention spans. Learners are provided information at a rate that matches their ability to help them absorb knowledge more efficiently.

Micro learning also helps them to improve learning transfer by 71% compared to traditional learning methods. It generates 50% more engagement, while reducing development costs by 50% and increasing development speed.

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More Valuable Insights on Edtech Market

FMI’s report on the edtech industry research is segmented into three major sections – component (hardware, software, and services), end user (government organization, academic institution, enterprises and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the Edtech demand outlook.

Edtech Market Segmentation

By Component:

  • Hardware
    • Interactive White Board
    •  AR/VR Devices
    •  Projectors
    •  Webcasting Devices
    •  Others
  • Software
    • Learning Management System Platform
    • Virtual Classroom Software
    • Others
  • Services
    • Managed Learning Services
    • Professional Services
      • Learning & Content Management
      • Consulting
      • Integration & Implementation
      • Support & Maintenance

By End User:

  • Government Organization
  • Academic Institution
    • K-12
    • College Universities
  • Enterprises
    • SMEs
    • Large Enterprises
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Banking-as-a-Service (BaaS) Platform Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

According to the banking-as-a-service (BaaS) platform industry analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 15.7% from 2021-2031.

The report also forecasts that the market will surpass a valuation of ~US$ 2.8 Bn by the end of 2021. As per FMI, rapid technological advancements and the presence of application programming interfaces (APIs) have created prospects for banking-as-a-service (BaaS) platforms. These technologies have become essential in improving economic competitiveness, thereby propelling market growth.

Over the past few years, BaaS has emerged as a new and innovative way for banks and third parties to collaborate in order to provide customers with digital-only banking products and services and enhanced customer experiences. BaaS has caused a shift in the way that banks and third parties work together and has huge advantages for both the incumbent players and those starting out in the financial services industry.

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Increased competition has led to increased innovation in the banking space which in turn has led to improved digital experiences for customers. Customers have greater choice than ever before when it comes to what financial products and services they use.

Key Takeaways: Banking-as-a-Service (BaaS) Platform Market

  • By solution, the banking as a service platform segment is anticipated to account for the leading share in the global demand for banking-as-a-service (BaaS) platform during the forecast period. However, the banking as a service APIs segment is estimated to grow at a robust CAGR of 17.1% through 2031.
  • By enterprise size, the integration of BaaS platform in small & mid-sized organizations is anticipated to increase at a CAGR of 16.6% between 2021 & 2031, while large organizations are currently dominating the market share.
  • The adoption of banking-as-a-service (BaaS) platform by fintech corporations is expected to rise at maximum pace. As per FMI, demand in this segment will increase by a CAGR of 18.2% between 2021 and 2031.
  • Europe is expected to lead the market followed by North America in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in Japan is expected to progress at a CAGR of 17.9% through 2031.
  • In the U.K., sales are expected to increase at a CAGR of close to 16% over the next ten years.

COVID-19 Impact Analysis on Banking-as-a-Service (BaaS) Platform Market

The outbreak of COVID-19 has led to more usage of banking components because remote working and social distancing have helped digital banking gain a huge customer base. COVID-19 has been a defining moment for digital transformation, as financial institutions that invested strategically & financially in the digitalization process over the past decade, have been better prepared to navigate these shifts and respond to the crisis.

The market has witnessed a significant growth previously, but due to the unexpected COVID-19 outbreak, the market will witness additional growth in 2020, owing to the rising demand for seamless banking transactions. This growth will be majorly driven by changing customer behavior, increasing focus of the people from visiting bank branches to online access of bank services.

Hence, implementation of banking-as-a-service (BaaS) platform would be highly valuable during the COVID-19 period due to several factors such as rising use of electronic transactions amid pandemic crises, and to enable stress-free banking activities.

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Rapid Shift towards Embedded Finance

More and more nonbank companies are offering financial services, such as bank accounts or wallets, payments, and lending. Today, companies of all types and levels of maturity—including retailers, telcos, big techs and software companies, car manufacturers, insurance providers, and logistics firms—are considering and preparing to launch embedded financial services to serve business and consumer segments.

To meet the rising demand for embedded finance, financial institutions are increasingly offering banking as a service (BaaS)—bundled offerings, often white-labeled or cobranded services that nonbanks can use to serve their customers. With the acceleration of digitization, including automation and APIs, banks can scale BaaS faster, putting embedded finance within reach for more companies considering it. This is further estimated to fuel up the banking-as-a-service (BaaS) platform market growth prospects in the near future.

Banking-as-a-Service (BaaS) Platform Outlook by Category

By Solution:

  • Banking as a Service Platform
  • Banking as a Service APIs
  • Services
    • Payment Processing Services
    • Digital Banking Services
    • KYC Services
    • Customer Support Services
    • Others

By Enterprise Size:

  • Small & Mid-sized Organizations
  • Large Organizations

By End User:

  • Banks
  • FinTech Corporations
  • Investment Firms
  • Others

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By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Supply Chain Management Market Development Status, Competition Analysis, Type and Application 2031

According to newly released data by Future Market Insights (FMI), the supply chain management market will grow at a CAGR of 11.4% from 2021-2031, with revenue totalling ~US$ 21.2 Bn by the end of 2021. Owing to rapid technological advancements in the transportation and logistics sector, there is an increase in demand for supply chain management solutions. Also, advanced technologies have become essential in improving economic competitiveness, thereby propelling market growth.

Chief factors fueling the demand for supply chain management solutions include high growth in eCommerce, need for greater transparency and visibility in supply chain processes and data, enhancing business continuity by minimizing potential failures, and rising adoption of cloud supply chain management among SMEs.

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Key Takeaways: Supply Chain Management Market

  • By software solution segment, the integrated SCM platform/suite is anticipated to account for the leading market share. The segment is estimated to grow at a robust CAGR of 13.5% through 2031.
  • Based on deployment, the on-premises segment is estimated to account for more than half of the software solution segment in 2021.
  • The demand for supply chain management in large enterprises is expected to grow at the highest rate.
  • Demand for supply chain management in transportation & logistics and manufacturing sector is estimated to grow at an impressive CAGRs. However, retail & consumer goods segment is estimated to continue to hold dominant market share in the global supply chain management market during the forecast period.
  • Among the regions, North America is estimated to hold highest market share followed by Europe in 2021. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2021 & 2031.
  • The market in Japan is expected to progress at a noteworthy CAGR of more than 14% through 2031.
  • In the U.K., sales are expected to increase tremendously at a CAGR of 11.4% over the next ten years.

COVID-19 Impact Analysis on Supply Chain Management Market

The COVID–19 pandemic has compelled several industries and organizations to revamp their global supply chain model. The lockdown implemented to contain the spread of the virus across various countries has shut down economies and is impacting every aspect of the supply chain around the world.

This also has caused various industries to move their normal manufacturing processes to manufacture PPE kits and other essential medical supplies. Technologies such as Machine Learning (ML) and AI are beginning to drive innovation strategies of the businesses, in order to successfully operate during this period, which is further estimated to increase the adoption of cloud-based SCM solutions across various sectors.

The global pandemic affected almost all aspects of the global economy over the past few months. One industry that has seen remarkable changes is e-commerce. There is a huge pressure on the supply chain logistics industry to keep up with the ever-rising demand, as self-isolated consumers are shifting towards online shopping platforms. Accordingly, logistics companies are stepping up with innovative strategies to respond to these rapidly shifting logistics trends in 2021.

Thus, the supply chain management market is estimated to showcase a slight decline, temporarily, from around 9.1% to 8.7% Y-o-Y from 2019 to 2021.

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Integration of Blockchain Technology to Propel the Sales

The demand for blockchain technology is increasing for supply chain management solutions as it increases the efficiency and transparency of the supply chain and positively affect the logistics processes, from delivery to storage and payment. Due to transparency and security achieved by blockchain, the speed of physical flow of goods is increased.

Blockchain records every single asset from product to containers as it flows through the supply chain nodes. It also helps to track information regarding orders, receipt, invoice, payments and digital assets like copyrights, certifications, barcodes and other things.

Blockchain integration with supply chain management systems results in increased sustainability, reduced errors and delays, minimized transportation cost, faster identification of errors, and improved product transport and inventory management.

Supply Chain Management Outlook by CategoryBy Solution:

  • Software
  • Services

By Deployment:

  • Cloud-Based
  • On-Premises

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Industrys:

  • Retail & Consumer Goods
  • Manufacturing
  • Automotive
  • Healthcare & Pharma
  • Food & Beverages
  • Transportation & Logistics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Cloud Services Market Outlook, Current and Future Industry Landscape Analysis 2030

The Cloud Services Market is expected to reach a valuation of 2.5 Bn by 2030. The market is set to further aggrandize at a CAGR of nearly 17.5% through 2030

Besides BFSI, government, healthcare, and other industries, education institutions are rapidly adopting cloud-based email services such as email-as-a-service on large scale. These institutions provide email solutions to their staffs in order to do their daily operational tasks. These email solutions are implemented, maintained, and managed by cloud service providers. Educational institutions that are implementing cloud-based email, benefits from several enhanced services such as a user gets 10 GB of mail inbox storage that can be accessed from any place. Moreover, it offers instant messaging capabilities and 25GB of free online storage.

Among services models available, the demand for software as a service (SaaS) is considerably high. FMI has projected it exhibit 21.6% Y-o-Y growth in 2021. Future Market Insights also states that the global cloud services market is expected to rise steadily at a CAGR of 20.4% during the forecast period of 2020 to 2030.

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Key Takeaways of Cloud Services Market Study

  • Cloud services market will exhibit impressive Y-o-Y growth at 19.9% CAGR in 2021. FMI projects growth trends to remain positive through the forecast period
  • Both U.S. and Canada will exhibit remarkable growth as markets for cloud services. Of these, the U.S. will register 64.9% of North America market in 2021
  • Exhibiting 20.7% Y-o-Y growth in 2021, the U.K. will emerge as a key market in Europe
  • Germany and France will remain attractive spots for cloud services market
  • Japan and South Korea will exhibit demand for cloud services at an accelerated pace through the forecast period

Demand for Cloud Services Increased Under Pandemic Crisis

Under the pandemic crisis of COVID-19, the demand for cloud solutions and services has increased significantly, as most of the workforce started working from home/remote places. There is an influx in demand of cloud solution and services as organisations are adopting to remote work, entertainment, gaming, education and virtually everything else.

Many organisations have changed their priorities and by utilizing cloud automation, businesses are increasing their online presence by developing commerce websites on cloud platforms to decrease the impact of COVID-19 on operational efficiency and productivity. Owing to such factors pubic cloud services market revenue is estimated to increase by 1.6X during 2019-2021.

Shift of Enterprises towards Cloud Based Services

Increasing usage of cloud-based services for multiple workloads such as email services, data backups, CRM, ERP and collaboration services is expected to drive growth of the cloud platforms, over the forecast period. Cost of cloud-based services is comparatively cheaper as these do not require setting up of IT infrastructure. Therefore, many companies are shifting towards adoption of security solutions in order to secure their workloads on the cloud without risks of cyber threat.

Who is Winning?

Some of the leading companies operating in the cloud services market are Microsoft Corporation, IBM Corporation, Cisco System, Inc., AWS, Oracle Corporation, Dell Technologies, SAP, Google, Fujitsu Global, Rackspace Technology, Inc. and others. These companies are expected to focus on various expansion strategies to gain competitive advantage.

For instance, Google LLP acquired Cornerstone Technology, which is based in Netherlands and specializes in mitigating enterprise workloads, in February 2020. This acquisition helped Google LLP to expand its customer base across Europe.

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More Valuable Insights on Cloud Services Market

In its latest report, Future Market Insights offers an unbiased analysis of the global cloud services market, providing historical data for period of 2015-2019 and forecast statistics for the period of 2020-2030. To understand opportunities in the cloud services market, the market is segmented on the basis of service model (Software as a Service (SaaS), Platform as a Service (PaaS), Infrastructure as a Service (IaaS)), deployment (public cloud, private cloud, hybrid cloud), enterprise size (large enterprises, small and medium enterprises), industry (BFSI, IT & Telecom, Healthcare, Manufacturing, Government, Others) across six major regions.

Key Segments Covered of the Cloud Services Market

Service Model

  • Software as a Service (SaaS)
  • Platform as a Service (PaaS)
  • Infrastructure as a Service (IaaS)

Deployment

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Enterprise Size

  • SMEs
  • Large Enterprise

Industry

  • BFSI
  • IT & Telecom
  • Healthcare
  • Manufacturing
  • Government
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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