IoT In Utilities Market Trends, Development, Investigation, Growth & Forecast 2022 to 2032

The global IoT in utility market is expected to generate US$129.1 billion over the forecast period, with an 11.9% CAGR. The growing assistance from a few legislatures is likely to fuel market development in the coming years. In 2022, the industry is expected to generate $41.8 billion USD.

The swelling meaning of IoT in Utilities has empowered the public authority of different nations to make investments in the area, which is probably going to help the market. For instance, the U.S government means to diminish fossil fuel byproducts by 50-52% by 2030 and achieve the objective of 100 percent clean energy by 2032.

In this manner, the ongoing US administration designated roughly US$500 billion to finance the improvement of new infrastructure over the course of the following five years. Alongside this, few central members are developing new programming to expand the meaning of IoT in the ordinary world. For instance, IBM Corporation is developing its own IBM Watson IoT Platform which stresses being straightforward, secure, and adaptable.

The resource the board and monitoring fragment is probably going to offer gainful open doors for the worldwide IoT in the utility market. A few central participants are investing in IoT-empowered resource the board for better enhancement of their resources.

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Since this framework could aid any instance of glitch or breakdown, the section is catching the eye of various makers. AUM in the United States has risen practically fivefold comparative with GDP since 1946 from around half of GDP to 240% by 2021.

Key Takeaways:

  • By component, the platform segment is expected to record an 11.4% CAGR by 2032
  • By solution, the asset management & monitoring segment to expand at an 11.4% growth rate during the forecast period
  • The U.S market to garner US$ 44.6 Billion and record an 11.6% CAGR from 2022-to 2032
  • Market in China to procure US$ 9 Billion, expanding at a 13% growth rate during the assessment period

“Rising application in Smart Manufacturing, Smart Transportation, Smart Energy, Connected Healthcare, and Smart Building is likely to push the growth of the IoT solution and services market in the forecast period.”

Competitive Landscape

Key players in the global IoT in the utility market include IBM, Oracle, Verizon, Cisco, and Vodafone, among others. Recent developments among key players are:

  • In January 2022, Cisco announced a new ruggedized Catalyst switch for industrial edge uses at utilities, railways, oil and gas facilities, and for deployment in highway traffic flow and safety operations. The new rack-mountable Catalyst Industrial Ethernet 9300 switch builds on Cisco’s Catalyst 9000 series switches are now used in multiple applications including smart buildings and other industries.
  • In July 2019, HCL Technologies (HCL), a leading global technology company, expanded its strategic transformation partnership with AMS OSRAM to digitize one of the optical solutions leader’s key business processes and drive enterprise resource planning and customer relationship management systems standardization across the organization. HCL will also continue to lead IT infrastructure operations integration for the client.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global IoT in the utility market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on component (management, safety and security, supervisory control and data acquisition, workforce management, network management and customer information system and billing system), solution (asset monitoring and management, safety and security, supervisory control and data acquisition, workforce management, network management and customer information system and billing system), service (consulting, integration and deployment and support and maintenance) and application (water and wastewater management, utility gas management, and electricity grid management) across five major regions (North America, Europe, Asia Pacific, Middle East & Africa and Latin America).

Key Segments Covered in the IoT in Utilities Industry Survey

IoT in Utilities by Component:

  • IoT in Utilities Platform
  • IoT in Utilities Solutions
    • Asset Management & Monitoring
    • Safety and Security
    • Supervisory Control and Data Acquisition
    • Workforce Management
    • Network Management
    • Customer Information System and Billing System
  • IoT in Utilities Services
    • Consulting
    • Integration and Deployment
    • Support and Maintenance

IoT in Utilities by Solution:

  • IoT in Utilities for Asset Monitoring and Management
  • IoT in Utilities for Safety and Security
  • IoT in Utilities for Supervisory Control and Data Acquisition
  • IoT in Utilities for Workforce Management
  • IoT in Utilities for Network Management
  • IoT in Utilities for Customer Information System and Billing System

IoT in Utilities by Service:

  • IoT in Utilities Consulting
  • IoT in Utilities Integration and Deployment
  • IoT in Utilities Support and Maintenance

IoT in Utilities by Application:

  • IoT in Utilities in Water and Wastewater Management
  • IoT in Utilities in Utility Gas Management
  • IoT in Utilities in Electricity Grid Management

IoT in Utilities by Region:

  • North America IoT in Utilities Market
  • Europe IoT in Utilities Market
  • Asia-Pacific IoT in Utilities Market
  • The Middle East & Africa IoT in Utilities Market
  • Latin America IoT in Utilities Market

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Parking Management Solutions Market Analysis, Driver, Trends, Business Overview, Key Value, Demand & Forecast 2022 to 2032

The global parking management solutions market is expected to be worth $768.2 billion by the end of the forecast period, with a 5.6% CAGR. Because of the general availability of brilliant advances, the global parking management solutions market has expanded tremendously in recent years.

Expanding gridlock and vulnerability in the parking accessibility would fuel the development of parking management solutions market.

The development of parking management market is driven by variables, for example, rise of completely mechanized parking frameworks (APS), expansion in gridlock, consistent progressions in machine-to-machine correspondence innovation and expanding interest for shrewd parking sensors for parking management.

With expanding parking booths, the parking management solutions industry is supposed to get US$ 440 Billion out of 2022.

Rising interest for rapid network with great help conveyance this will emphatically affect the general market development.

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Increasing use of cloud based technology such as artificial intelligence and big data and in many applications impelled the growth of the market. The parking venues segment is likely to offer remunerative opportunities for the global parking management solutions market.

Key Takeaways:

  • By technology, parking kiosks segment is expected to record an 6.0% CAGR by 2032
  • By installed location, parking venues segment to expand at a 6.8% growth rate during the forecast period
  • The U.S market to garner US$ 168.2Billion and record a 4.7% CAGR from 2022-2032
  • Market in China to procure US$ 93.5Billion, expanding at a 7.5% growth rate during the assessment period

“Growing number of vehicles across the world, rising demand for an effective traffic management solutions, and rapid development of smart cities are expected to drive the market in the forecast period”.

Competitive Landscape

Key players of the global parking management solutions market include Parking BOXX, IPS Group, Inc., METRIC Group Ltd., Ventek International, CivicSmart, Inc. among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. Recent developments among key players are:

  • In May 2020 – FlashParking formed a national service partnership with Burroughs Inc. The partnership will help Flash parking to provide a unique maintenance service to its users and reduce the risk of hardware downtime
  • In June 2020 – Passport Inc., partnered with Panama City Beach community to equip the city with the technology needed to create a more frictionless parking experience.
  • In March 2020 – Q-Free deployed a comprehensive parking guidance system at the Victorian Square parking garage in Sparks, Nevada. This system will provide real-time information on available spaces, making it easier for drivers to find parking. This contract will help Q-Free to mark its strong presence in the US market. ​

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What is the Contribution of Key Players to the Global Parking Management Solutions Market?

Key players of the global parking management solutions market include Parking BOXX, IPS Group, Inc., METRIC Group Ltd., Ventek International, Civic Smart, Inc. among others. Market players are leveraging strategic collaborative initiatives to increase their market share and increase their profitability.

Recent developments among key players are:

  • In May 2020 – FlashParking formed a national service partnership with Burroughs Inc. The partnership will help Flash parking to provide a unique maintenance service to its users and reduce the risk of hardware downtime
  • In June 2020 – Passport Inc., partnered with Panama City Beach community to equip the city with the technology needed to create a more frictionless parking experience.
  • In March 2020 – Q-Free deployed a comprehensive parking guidance system at the Victorian Square parking garage in Sparks, Nevada. This system will provide real-time information on available spaces, making it easier for drivers to find parking. This contract will help Q-Free to mark its strong presence in the US market. ?

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global parking management solutions market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of technology (parking metre, parking kiosks) and by installation location (street parking and parking venues) across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America).

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Key Segments Covered in the Parking Management Solutions Market Report

By Technology:

  • Parking meters-based Parking Management Solutions
  • Parking Kiosks-based Parking Management Solutions

By Installation Location:

  • Parking Management Solutionss for Street Parking
  • Parking Management Solutionss for Parking Venues

By Region:

  • North America Parking Management Solutions Market
  • Europe Parking Management Solutions Market
  • Asia Pacific Parking Management Solutions Market
  • Middle East & Africa Parking Management Solutions Market
  • Latin America Parking Management Solutions Market

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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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IoT Connectivity Management Platform Market Current Scenario Trends, Comprehensive Analysis & Regional Forecast 2022 to 2032

According to a recent Future Market Insights (FMI) study, the IoT connectivity management platforms market is expected to grow at a CAGR of 16.8% between 2022 and 2032.

The report states that the market is expected to reach the valuation of ~US$ 6.3 Bn by the end of 2022. Organizations  are adopting cloud-based solutions in order to increase the efficiency of their business in long run and provide security, improved collaboration and corporate data mobility.

Increasing adoption of IoT cloud platform due to demand for high-frequency data access and sharing with cost-effective data storage solutions is propelling the deployment of IoT platform in where the deployment of on-site IoT architecture is a very costly. Cloud solutions provide seamless communication between the IoT devices, expanded reach, and reduced latency over direct remote network connection.

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Also, growing integration of IoT powered technologies is enabling organizations to use smart devices and sensors to collect and transform data into business insights more rapidly with high accuracy and lower cost.

Connecting cloud with IoT reduces errors, increases visibility, provides scalability and affordability with faster time to market, thereby driving the growth in the IoT connectivity platforms market.

“Rapid digitalization across emerging economies is fueling the adoption of IoT devices, which is expected to auger well for the market. In addition to this, surging demand for workplace automation across various organizations will boost sales in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By component, the solution segment is anticipated to expand at a CAGR of 7% during the forecast period.
  • Among the enterprise size, SMEs segment is estimated to grow by 2X during the forecast period.
  • Cloud-based IoT CMS segment is expected to create an absolute $ opportunity of US$ 8 Bn during the forecast period.
  • Based on industry, demand in the healthcare segment is anticipated to grow at a CAGR of 1% between 2022 & 2032.
  • The market in U.K. is expected to progress at a CAGR of around 5% during the forecast period.
  • In Japan, the IoT connectivity management platform market is expected to grow by 9x between 2022 & 2032.
  • IoT connectivity management platform market in China is estimated to offer an absolute $ opportunity of US$ 1.3 Bn over the forecast period.

 Competitive Landscape

IoT connectivity management platform players are entering into partnerships with other players for enabling enterprises to track and control the IoT assets with unified and intuitive connectivity management services.  For instance:

  • In Feb 2020, Ericsson collaborated with T-Mobile Austria and Stanley Black & Decker for accelerating the global deployment of Stanley Black and Decker’s connected equipment and services.

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More Valuable Insights on IoT Connectivity Management Platform Market

Future Market Insight’s report on the IoT connectivity management platform industry research is segmented into five major sections – component (solution, services), deployment (cloud-based, on premise), enterprise size (Small and medium-sized enterprises (SMEs), large enterprises),  industry (IT & telecom, consumer electronics, energy & utilities, BFSI, healthcare, retail, manufacturing, government 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 IoT connectivity management platform demand outlook.

IoT Connectivity Management Platform Outlook by Category

By Component:

  • IoT Connectivity Management Platform Solution
  • Services

By Deployment:

  • Cloud-based
  • On premise

By Enterprise Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

By Industry:

  • IT & Telecom
  • Consumer Electronics
  • Energy & Utilities
  • Healthcare
  • Manufacturing
  • Retail
  • BFSI
  • Others

By Region:

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

About Us

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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200 Continental Drive, 
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Oil & Gas Data Management Software Market Analysis, Growth Strategies & Comprehensive Forecast 2022 to 2032

According to FMI research, the oil and gas data management software market was valued at US$ 16.9 billion in 2022 and is expected to reach US$ 70.4 billion by 2032, growing at a 15.3% CAGR. The installation of data-gathering equipment, such as sensors, at various remote sites and operational fields has resulted in a surge in demand for oil and gas data management software.

Furthermore, the sales of oil and gas data management software have grown due to greater digitization, the adoption of workplace mobility solutions, and real-time workforce assistance. As a result, market spending on the efficient server, networking, and the demand for oil and gas data management software is expected to rise in order to expedite business operations and improve overall efficiency.

In today’s economy, digital data is growing at an exponential rate which is propelling the growth of oil and gas data management software market share. The growth of the Internet of Things is generating massive amounts of digital data in the oil and gas industry at an exponential rate which further increases the demand for oil and gas data management software.

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More than 80% to 90% of the digital data on the market today was developed in the last two years. The number of data breaches has increased as the amount of data has grown. Data management software for oil and gas companies is a type of advanced software that helps them manage and preserve their data.

Such organizations’ projects are difficult in terms of operations, resource management, capital management, inventory management, and so on. Furthermore, the sales of oil and gas data management software are growing as it aids businesses in maximizing resources, tracking project progress, and increasing efficiency.

The demand for oil and gas data management software is anticipated to grow as it enables firms to effectively manage and access their data in real-time. Regulatory compliance management tools, data analytics, data warehousing, and other capabilities, such as process design control, are all being integrated into data management software by a number of software development providers and suppliers.

Furthermore, increased use of IoT and AI is expected to boost the sales of oil and gas data management software and large-scale data management software implementation by small and large firms in the oil and gas market.  Data management as a service is gaining pace in the oil and gas market thanks to cloud platform acceptance, next-generation data centre evolution, and cost-effective and adaptable data management solutions.

The oil and gas data management software is expected to be driven by the rising trend of cloud use in the coming years. Data breaches are becoming more common around the world, demanding the modernization of existing organizational infrastructure.

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As a result, global enterprise data management infrastructure modernization is expected to drive the global oil and gas data management software market size during the forecast period. However, the lack of complete data security assurance and abuse of obtained data is stifling the sales of oil and gas data management software in both international and domestic sectors.

KEY TAKEAWAYS: 

  • By component, the solutions segment dominated the oil and gas data management software market with a CAGR of 15.5% through 2032.
  • During the forecast period, the U.S. is anticipated to dominate the oil and gas data management software market with a CAGR of 13.5% through 2032.
  • The region accounted for almost a third of global market revenue and is likely to maintain its dominance during the forecast period. The demand for oil and gas data management software is anticipated to rise as it is being adopted by a huge number of mid-sized and small businesses.
  • During the forecast period, the Middle East and Africa had the second-largest oil and gas data management software market share.
  • In 2017, Asia Pacific had tremendous growth, owing to a rising rate of digitization in data management over time. However, it is encountering roadblocks in the oil and gas data management software market’s expansion. Different regulatory compliances and the scarcity of effective infrastructure are cited as major explanations for the possible risk.

COMPETITIVE LANDSCAPE 

Oil and gas data management market players are focusing on providing customised solutions that are in sync with the procedures of various oil and gas organisations. These solutions contribute to the market’s increased growth rate for oil and gas data management software.

Some of the oil and gas data management software market players profiled in the FMI’s study are Newgen Software, IBM Corporation, Cisco Systems, SAP SE, Tata Consultancy Services Ltd

Recent Developments 

  • In 2018, Sourcewater, Inc. purchased Genscape, Inc.’s Digital H2O Water asset intelligence service with the goal of launching an advanced IoT integrated oilfield water and disposal intelligence platform that would provide sophisticated water data science to the upstream energy industry.
  • Emerson Electric Co. acquired General Electric’s AI Intelligent Platform in 2018, with the goal of strengthening the worldwide exploration and production software market. Emerson Electric Co. would be able to increase its capabilities in machine control and discrete applications, as well as integrate with oil and gas power plants, as a result of this acquisition.

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Key Segments:

By Component:

  • Solutions
  • Corporate/Enterprise Data Management System
  • Project Data Management System
  • National Data Repository
  • Services
  • Consulting & Planning
  • Integration & Implementation
  • Operation & Maintenance

By Region:

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

About Us

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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Power Distribution Unit (PDU) Market: Overview, Data Updates, Reports Analysis & Forecast 2022 to 2032

The power distribution unit (PDU) market is expected to grow from $2.4 billion in 2021 to $2.6 billion in 2022. The market is expected to grow 8.3% year on year between 2021 and 2022. During the forecast period of 2022-2032, the industry is expected to grow at a 4.6% value CAGR, reaching a valuation of US$ 4 billion.

The increase in data volume across the globe is expected to be a potential factor augmenting the market during the assessment period. In addition, the participation of players will be critical in the market’s development in the coming years. Equinix and GIC, for example, announced a collaboration to build xScale data centres across multiple countries, including Europe, Singapore, and South Korea.

With a growing preference for AI-based PDUs, the market is expected to see it as a lucrative opportunity during the forecast period. Furthermore, with the growing number of SMEs globally, particularly in developing countries, the market is expected to expand significantly.

For example, Amazon Web Services (AWS) invested $2.8 billion in November 2020 to establish a new AWS Cloud in Telangana, India. On the other hand, the high costs associated with PDU installation, as well as space constraints and complicated wiring systems with an increasing number of power distribution units, may stymie market growth in the coming years.

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About the Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide.

With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Takeaways from the Market Study

  • The triple-phase segment to expand at a CAGR of 6.5% during the forecast period
  • The data center segment to exhibit a growth rate of 4.1% from 2022- to 2032
  • The market in the U.S to garner US$ 1.3 billion by 2032
  • Market in the U.K to value US$ 296 million during the forecast period
  • India to exhibit a CAGR of 5.4% from 2022-to 2032
  • The Chinese market to secure US$ 308.1 million by 2032
  • Industry in Japan to record a CAGR of 5.1% from 2022- to 2032

Competitive Analysis 

Key players in the global power distribution unit market include Leviton Manufacturing Company, Inc., Schneider Electric SE., and Enlogic Systems LLC.  Eaton Corporation PLC, and Tripp Lite.

  • In 2021, the APAC hyperscale market gained significant investments from Facebook, Amazon Web Services, Alibaba, and Microsoft. In SE Asia, Microsoft, Facebook, and Amazon Web Services invested in data centers across Singapore and Indonesia in 2021.
  • In April 2021, Enel, an Italian energy management enterprise, disclosed to venture into the power distribution market for the U.S. It has announced to invest US$ 19.52 million by the end of 2023. By end of 2030, the company is likely to invest US$ 73.23 million.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global power distribution unit market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Type (Basic PDU, Intelligent/ Monitored PDU, Metered PDU, Switched PDU), Application (Data Center, Commercial Building (Networking), Laboratories (IT/Comp Lab)), Power Phase (Single Phase, Triple Phase), Distribution Channel (Offline Channel, Online Channel), Industry (Data Center, Telecom IT, BFSI, Healthcare, Government, Education, Retail, Utilities, Military & Defense, Others (Transportation, Manufacturing)) & Region (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa)

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Key Segments Profiled In The Power Distribution Unit (PDU) Market Report

Power Distribution Unit by Type:

  • Basic PDU
  • Intelligent/ Monitored PDU
  • Metered PDU
    • Inlet Metering
    • Inlet/Outlet Metering
  • Switched PDU

Power Distribution Unit by Application:

  • Power Distribution Units across Data Centers
  • Power Distribution Units across Commercial Buildings (Networking)
  • Power Distribution Units across Laboratories (IT/Comp Lab)

Power Distribution Unit by Power Phase:

  • Single Phase Power Distribution Unit
  • Triple Phase Power Distribution Unit

Power Distribution Unit by Distribution Channel:

  • Power Distribution Unit Sales via Offline Channels
    • Resellers/Distributors
    • Direct to End-users
    • Integrators/Maintenance
  • Power Distribution Unit Sales via Online Channels

Power Distribution Unit by Industry:

  • Power Distribution Unit for Data Centers
    • Tier 1
    • Tier 2
    • Tier 3
  • Power Distribution Unit for Telecom & IT
  • Power Distribution Unit for BFSI
  • Power Distribution Unit for Healthcare
  • Power Distribution Unit for Government
  • Power Distribution Unit for Education
  • Power Distribution Unit for Retail
  • Power Distribution Unit for Utilities
  • Power Distribution Unit for Military & Defense
  • Power Distribution Unit for Other Industries (Transportation, Manufacturing)

Power Distribution Unit by Region:

  • North America Power Distribution Unit Market
  • Europe Power Distribution Unit Market
  • Asia Pacific Power Distribution Unit Market
  • Middle East & Africa Power Distribution Unit Market
  • South America Power Distribution Unit Market

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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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Microbial Identification Market 2022 to 2032: Advanced R&D Process Strategies

FMI has recently published an exclusive forecast report on the global market for microbial identification. In the foreseeable future, improvements in techniques adopted by microbiologists for identifying pathogens and examining microbial cultures will factor developments in microbial identification systems. From healthcare to food & beverage, the vital use of microbial identification in applied research projects will continue to boost the growth of the global microbial identification market. By 2022-end, microbial identification systems are pegged to become a global market worth US$ 1.4 billion. During the forecast period, 2017-2022, the global market for microbial identification will be registering a robust growth at 6% CAGR. The report has analysed a slew of factors influencing the dynamics of microbial identification markets across several regions.

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North America to register steadfast adoption of microbial identification

A key discernment from the regional analysis delivered in the report exhibits the dominance of North America in the global microbial identification market. Considering how healthcare marketplaces in the US and Canada are robust, compared to other developed markets, and taking into account the rising contribution of North American academic institutes in developing research studies of medical microbiology, the adoption of microbial identification systems will be widespread in this region. Towards the end of forecast period, North America’s microbial identification market will be worth around half a billion dollars, soaring robustly at a CAGR of 6.4%. Europe and Asia-Pacific excluding Japan (APEJ) will also be observed as lucrative markets for expansion of microbial identification.

Key Findings from the Report

In 2017, over two-fifth of revenues anticipated to be procured in the global microbial identification market will be accounted by sales of bacterial identification systems

Towards the end of forecast period, global sales of microbial remuneration systems will procure an estimated US$ 310 million in revenues

Throughout the forecast period, bacterial resistance identification systems will represent the fastest-selling product in the overall microbial identification market

Pharmaceuticals and biotechnology industry will remain the largest end-user of microbial identification by 2022

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The end-use of microbial identification systems in water and environment sector will remain steady in 2017 and the following years

Between 2017 and 2022, the end-use of microbial identification across independent research laboratories in the world is anticipated to create an incremental opportunity of more than US$ 50 million

In 2017 and beyond, the use of microbial identification methods in blood banks will be subpar

Diagnostics remains to be a key application for microbial identification, revenues from which are anticipated to register above-average growth

While detection of harmful microbes is viewed as a necessary measure for bolstering quality control in production of food items and drinks, the application of microbial identification in food & beverage testing will register a moderate CAGR in terms of revenues over the forecast period

On the basis of technologies, phenotypic microbial identification methods are anticipated to remain predominant in terms of adoption, albeit, genotypic technologies will register a marginally high CAGR during the assessment period

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The report has further profiled companies that will be actively manufacturing microbial identification systems in the global market. Key players in the global microbial identification market include, Bruker Corporation, Danaher Corporation, Thermo Fisher Scientific, Inc., Shimadzu Corporation, Siemens Healthineers, QIAGEN N.V., Merck & Co Inc., bioMerieux S.A., Becton, Dickinson and Company, and Biolog, Inc. Many of these companies are expected to focus on developing microbial identification systems that befit the advancements in the field of medical microbiology. Specific requirements of microbiologist working in leading microbial identification projects will also influence the manufacturing techniques exercised by these companies.

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Veterinary Electrosurgery Market is estimated at US$ 993.41 Million during the forecast period

The global veterinary electrosurgery market is predicted to reach US$ 471.96 million in 2021 and US$ 505 million by 2022. The market is expected to reach US$ 993.41 million by 2032, growing at a CAGR of 7% from 2022 to 2032.

The COVID-19 pandemic created several obstacles for the animal industry. This includes pet owners, animal health companies, veterinarians, and veterinary hospitals. Owing to stringent lockdown norms, limited operation of veterinary hospitals and clinics resulted in a decline of veterinary visits, thus impacting the market. But the industry responded well to the pandemic by deploying supportive measures to ensure access to veterinary care and other services.

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Furthermore, development in veterinary surgery has always followed in the footsteps of human surgery. Innovative techniques of surgeries to make them less painful is driving the growth of the market. In addition, the proliferation of government administrations associated with animal healthcare and even distinct animal healthcare organizations will surge the demand for treatments across developing nations. These organizations focus on animals in sanctuaries and zoos. This, in turn, will boost the market growth.

On the contrary, the time taken for approvals for medication and instruments required for surgeries is derailing the progress of the market. In addition, the constant emergence of newer ailments amongst animals is a continuous challenge faced by the veterinary electrosurgery market.

Key Takeaways from the Market Study

  • The veterinary electrosurgery is expected to garner a market value of USD 993.41 Million by registering a CAGR of 7% in the forecast period 2022-2032.
  • By product, consumables and accessories segment is expected to register a CAGR of more than 15% for veterinary electrosurgery market during the forecast period.
  • By animal, small animals are expected to possess 65% market share for veterinary electrosurgery market during the forecast period.
  • By end use, veterinary hospitals and clinics segment is expected to hold a market share of more than 80% in the forecast period 2022-2032.
  • By application, general surgery is expected to possess a market share of nearly 30% market share in 2022-2032.
  • U.S is projected to register a CAGR of 8% during the forecast period.
  • U.K. is anticipated to grow at 9% CAGR for veterinary electrosurgery.

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“Increasing investments in adopting pets along with government initiatives to maintain animal health is driving the growth of veterinary electrosurgery market,” comments an FMI analyst.

Competitive Landscape

Key players in the global veterinary electrosurgery include Symmetry Surgical Inc, CVS Group, KARL STORZ, Avante Animal Health, B. Braun Melsungen AG, Medtronic, Summit Hill Laboratories, Kwanza Veterinary, Burtons Medical Equipment Ltd, EICKEMEYER and Macan Manufacturing. Some of the recent developments in the global veterinary electrosurgery market are:

  • In June 2021, CVS Group announced the planning of a new state-of-the-art specialist veterinary hospital in Bristol. The hospital will open in 2022 with modern technology and treatments in all disciplines, including orthopedics, general surgery, internal medicine, neurology, and neurosurgery, among others.
  • Medtronic, a key player in the veterinary electrosurgery market is focusing on developing instruments that will be technologically advanced to fasten the process of general surgeries for animals.

More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the global veterinary electrosurgery market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by product (Bipolar Electrosurgery Instruments, Monopolar Electrosurgery Instruments, Consumables & Accessories), Animal Type (Small Animal, Large Animal), application (General Surgery, Dental Surgery, Gynecological & Urological Surgery, Orthopedic Surgery, Others), End Use (Veterinary Hospitals and Clinics, Others) & Region Forecast till 2032

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Key Segments Covered in the Veterinary Electrosurgery Market

Veterinary Electrosurgery Market by Product:

  • Bipolar Veterinary Electrosurgery Instruments
  • Monopolar Veterinary Electrosurgery Instruments
  • Veterinary Electrosurgery Consumables & Accessories

Veterinary Electrosurgery Market by Animal Type:

  • Veterinary Electrosurgery for Small Animals
  • Veterinary Electrosurgery for Large Animals

Veterinary Electrosurgery Market by Application:

  • General Veterinary Electrosurgery
  • Dental Veterinary Electrosurgery
  • Gynecological & Urological Veterinary Electrosurgery
  • Orthopedic Veterinary Electrosurgery
  • Other Veterinary Electrosurgery Applications

Veterinary Electrosurgery Market by End Use:

  • Veterinary Electrosurgery across Veterinary Hospitals And Clinics
  • Veterinary Electrosurgery across Other End Users

Veterinary Electrosurgery Market by Region:

  • North America Veterinary Electrosurgery Market
  • Latin America Veterinary Electrosurgery Market
  • Europe Veterinary Electrosurgery Market
  • Asia Pacific Veterinary Electrosurgery Market
  • Middle East & Africa Veterinary Electrosurgery Market

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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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Novel Drug Delivery Systems In The Cancer Therapy Market Trends and Growth Forecast by 2032

The Novel Drug Delivery Systems In The Cancer Therapy Market are predicted to account for US$ 88.5 billion in 2032, up from US$ 14.8 billion in 2022, advancing at a CAGR of 19.6% during the forecast period (2022-2032). Demand for novel drug delivery systems in cancer therapy is being driven by rising cancer awareness and prevalence around the world, as well as the increased adoption of novel drug delivery systems in cancer therapy with fewer side effects.

Over the projected period, the high cost of therapy may hinder the growth of novel drug delivery systems in the cancer therapy market. The rise of novel drug delivery systems in the cancer therapy market statistics is expected to be stymied by a lack of awareness about alternative medications and insufficient funds for their development.

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The global novel drug delivery systems in cancer therapy market outlook is negatively impacted from COVID-19. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets, as the general economic situation of most people has been badly impacted by the outbreak.

Improved therapy by boosting medication efficacy and duration of action, as well as improved patient compliance by reducing dose frequency, are just a few of the factors driving demand for novel drug delivery systems in cancer therapy. In order to predict unwanted reactions, it allows for correct administration routes and greater targeting for a specific site.

Due to increased healthcare awareness, North America is likely to be a dominating region in the novel drug delivery systems in the cancer therapy market.

Key Takeaways:

  • The novel drug delivery systems in the cancer therapy market are predicted to develop at a CAGR of 19.6%, with a market share of US$ 88.5 billion through 2032.
  • In the United States, the novel drug delivery systems in the cancer therapy market are estimated to have a CAGR of 19% through 2032, with a market share of US$ 30.6 billion.
  • The novel drug delivery systems in the cancer therapy market in China are expected to have a prodigious CAGR of 18.7% through 2032, with a market share of US$ 5.9 billion.
  • The novel drug delivery systems in the cancer therapy market in Japan are expected to have a CAGR of 18.9% through 2032, with a market share of US$ 5.1 billion.
  • The novel drug delivery systems in the cancer therapy market in the UK are expected to have a CAGR of 18.2% through 2032, with a market share of US$ 3.7 billion.
  • The novel drug delivery systems in the cancer therapy market in South Korea are expected to have a CAGR of 17.6% through 2032, with a market share of 3.3 billion.
  • The nanoparticles segment of the novel drug delivery systems in the cancer therapy market, based on products, is expected to grow at an annual rate of 19.2% through 2032.

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Competitive Landscape:

Few novel drug delivery systems in the cancer therapy market key players are Teva Pharmaceutical Industries Ltd, Johnson & Johnson Services, Inc., Galen Limited, Merrimack Pharmaceuticals, Inc, Samyang Biopharmaceuticals Corp., Inc.

Some of the primary measures players are employing to enhance their novel drug delivery systems in cancer therapy market share include frequent product launches, geographic expansions, and distribution agreements to expand their consumer base.

Key segments

By Product:

  • Nanoparticles
  • Embolization Particles

Recent Trend:

Celgene Corporation’s R & D spending increased from USD 3,697.3 million in 2015 to USD 4,470.1 million in 2016. R&D spending was increased to improve the product pipeline and gain regulatory approval for new products.

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About Future Market Insights (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.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Difficult-to-Express Proteins Market is anticipated to register a CAGR of 11.33% uring the forecast period

Due to the development of new tools, the market for difficult-to-express proteins is expected to grow at a CAGR of 11.33% during the forecast period, reaching a market share of US$ 12.37 billion in 2032, up from US$ 3.8 billion in 2021.

The identification of DNA coding contained in the genome of many organisms along with the use of high throughput approaches has triggered the area of recombinant protein production. Increasing toolbox to approach the production and purification of difficult-to-express proteins which include different expression systems, promoters which have different strengths, cultivation media and conditions. In addition, development of other microbial cell factories towards their use as effective protein production platforms is expected to spur the global difficult-to-express proteins market.

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Difficult-to-Express Proteins: Market Insights

Manufacturing of recombinant proteins is important area in the field of pharmaceuticals for producing complex therapeutics. Many proteins are challenging to express in heterologous expression systems. Various factor contribute to this problem. It is often difficult for the foreign host to fold a protein correctly it does not normally produce. For instance, many scenarios expression of a protein which is originated from high eukaryote is produced in a bacterium where factors such as translation rate, codon usage and redox potential are different.

In addition, inherent properties of target protein show challenges for the expression host. For instance, a protein which have several membrane spanning domains which might not insert into membrane bilayers of the heterologous host or protein which cannot be expressed in a soluble form. Many proteins requires post-translational modifications which are absent or may be different from host to host.

Difficult-to-Express Proteins: Market Dynamics

With growing demand for production of recombinant proteins in cells, low protein yields have significant consequences in the industrial. Development of new tools for the Difficult-to-Express Proteins will significantly boost the overall revenue of the difficult-to-express protein market.

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Development of novel cell free proteins synthesis platforms based on the industrial working horse CHO cells which overcome the issues which further drive the difficult-to-express protein market. Number of approved therapeutic proteins is significantly growing, prokaryotic expression systems will continue to play an important role as a cost-effective, tunable, and easy to operate source of recombinant protein.

However, some factors which might restraint the growth of the difficult-to-express proteins include high cost of systems and difficulty in analyzing target end user segment as the use of systems for difficult-to-express proteins are limited to end user.

Difficult-to-Express Proteins: Region-wise Outlook 

The North America is expected to contribute to a major share in the global difficult-to-express proteins market owing to increasing research and development, collaboration among the pharmaceutical companies with the academic research institute for the development of novel tools and technology.

Growing research in the field of protein expression and growing adoption of new tools for various diagnostic purpose will spur the difficult-to-express proteins market. Europe is expected to contribute second largest share in the global difficult-to-express proteins market with a significant growth due to increasing investment from the government and non-government organizations coupled with the growing prevalence of chronic disease with requires therapeutic treatment.

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Asia Pacific difficult-to-express proteins market is mainly driven by the factors such as increasing presence of major biotechnology and biomedical industries.  Growing adoption and increasing awareness along with the use of new and improved technology further spur the difficult-to-express proteins market. China is expected to register rapid growth in the difficult-to-express proteins owing increasing well-established healthcare facilities and production of novel technology. Latin America and Middle East & Africa market is expected to slow growth in difficult-to-express proteins market.

Difficult-to-Express Proteins: Key Players

  • R&D Systems,
  • Enzo Life Sciences,
  • Sino Biological,
  • Thermo Fisher Scientific,
  • StressMarq Biosciences,
  • LifeSensors Inc.,
  • Lucigen among others.

The report covers exhaustive analysis on,

  • Difficult-to-Express Proteins market Segments
  • Difficult-to-Express Proteins market Dynamics
  • Historical Actual Market Size, 2012 – 2016
  • Difficult-to-Express Proteins market Size & Forecast 2016 to 2024
  • Difficult-to-Express Proteins market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Difficult-to-Express Proteins market Drivers and Restraints

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Regional analysis includes

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding China
  • China
  • Middle East & Africa

Difficult-to-Express Proteins: Segmentation

The global difficult-to-express proteins market is segmented on basis of Protein type, technology application, end user, and geography.

Segmentation by Protein 

  • Proteases
  • Kinases
  • Membrane Proteins
  • Others

Segmentation by Technology Type 

  • Cell-free Protein Synthesis
  • Prokaryotic Expression Systems
  • SUMO Fusion System
  • Gene Fusion Systems

Segmentation by Application 

  • Drug Discovery
  • Protein Purification
  • Protein Therapeutics
  • Disease Diagnostics and Monitoring

Segmentation by End User 

  • Biotechnological Companies
  • Pharmaceutical Companies
  • Contract Research Organizations
  • Academic Research Institutes

Report Highlights: 

  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size Recent industry trends
  • Key Competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance

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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.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Central Lab Market to expand at around 6% value CAGR by 2032 | Says FMI Analyst

In 2022, the global Central Lab Market is anticipated to be worth approximately US$ 2.42 billion. With the significant increase in clinical trials around the world, the entire market is expected to rise at a strong CAGR of roughly 6% between 2022 and 2032, topping US$ 4.0 billion by the end of 2032.

Central labs are institutions that are responsible for laboratory assessments and offer a plethora of services ranging from a compilation of lab test reports, gene sequencing, and conducting laboratory assessments, to contracting courier services for delivering lab kits and biosamples to medical institutions and performing drug development activities.

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Over the recent years, central labs have become ideal designations for clinical trials attributing to the high requirements for the quality of the lap data in trials, the presence of sophisticated equipment, and the lack of ability of local laboratories to organize required tests. Central labs offer services for effectively supporting clinical trials for novel drugs along with genetic testing services for various diseases such as sickle cell anemia, Alzheimer’s disease, and Parkinson’s disease. Therefore, the surge in the number of clinical trials along with increasing incidents of genetic diseases will continue to offer impetus to the growth of the central lab market during the forecast period.

Central labs do not just help the pharmaceutical and biotechnology companies to reduce costs but also make sure that results are accurate results are delivered at faster speeds without committing any errors. They are known to be fully outsourced by several pharmaceutical and biopharmaceutical companies. Growth of the global central lab market is anticipated due to the rising demand for new drugs and vaccines along with a significant surge in the number of pharmaceutical and biotechnology companies over the projection period.

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Key Takeaways

  • The high complexity of clinical trials paired with the rising prevalence of diseases across the world, rising demand for novel drugs and vaccines, growth in the number of central labs, and increasing need for reducing the cost of drug research and development processes are some of the major factors driving the global central lab market.
  • Over the years, central labs have gained immense popularity all over the world attributed to various benefits that they offer including high efficiency and speed, reduction in product manufacturing costs, and superior flexibility. Such central labs benefit multinational companies by allowing them to bring new compounds onto the market more quickly by removing unnecessary steps.
  • Central labs are equipped with better and more sophisticated equipment which allows them to be highly preferable for research and development purposes and genetic sequencing. In addition to that, the surging prevalence of chronic diseases such as cancer, Alzheimer’s disease, and diabetes is emerging as a key factor spurring the growth of the central lab market. Favorable government initiatives are taken, and pharmaceutical giants are heavily investing in order to counter the increasing burden of these chronic diseases. Continuous clinical trials are being conducted for the development of new drugs and medical devices.
  • Since clinical trials are considered the costliest in pharmaceutical industries, in order to reduce the cost and save time, outsourcing is emerging as an attractive option for pharmaceutical and biotechnology companies. In the present era, most clinical trials are being performed in central labs. This will continue to act as a catalyst for the growth of the central lab market during the forecast period.

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Competitive Landscape

Key participants in the global central lab market are focusing on continuous upgrading of their technologies and software in order to expand their services. The global central lab market is known to be fragmented in nature attributed to the presence of leading market players spread all over the world. Furthermore, various growth strategies have been adopted by prominent market players including partnerships and agreements with pharmaceutical or biotechnology companies to gain a competitive edge in the market.

Key Segments Profiled in the Central Lab Industry Survey

By Service Type:

  • Genetic Services
  • Biomarker Services
  • Microbiology Services
  • Anatomic Pathology/Histology
  • Specimen Management & Storage
  • Special Chemistry Services
  • Others

By End User:

  • Pharmaceutical Companies
  • Biotechnology Companies
  • Academic and Research Institutes

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

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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.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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