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Showing posts from December, 2020

Property Management Software Market Worth $2.35 Billion By 2027

The global  property management software market  size is anticipated to reach USD 2.35 billion by 2027, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. The increasing preference of owners and property managers for scalability is one of the key factors expected to boost the market growth. Also, factors such as rising infrastructure development, coupled with the need to maintain property-related documents for seamless functioning are anticipated to be one of the strongest growth boosters. The demand for Property Management Software(PMS) has increased in the past few years for hotels and residential suites. Availability of internet bandwidth and virtual storage are a few of the factors influencing the demand in the hotel industry and residential sector. Also, the PMS in the residential suites has grown into a strategic position owing to developments in information and communications technology. Therefore, automation se...

Cold Chain Packaging Market Worth $63.1 Billion By 2027

The global  cold chain packaging market  size is anticipated to reach USD 63.1 billion by 2027, expanding at a CAGR of 19.4% from 2020 to 2027, according to a new report by Grand View Research, Inc. The key drivers attributing to the market expansion include a significant boost in demand for cold chain packaging solutions from the pharmaceutical industry. Amidst the coronavirus pandemic, the trade and transit of temperature-sensitive drugs, medicines, and test samples are drastically increasing. Along with the pharmaceuticals market, the packaging market is anticipated to witness significant growth. The overall market growth is profoundly influenced by the high demand for perishable goods worldwide and the availability of fresh food and frozen food supplies. The growing popularity of e-commerce as a channel for purchasing fresh goods drives the market growth. The increasing usage of e-commerce websites and mobile apps has enabled customers to order preser...

Virtual Data Room Market Worth $4.12 Billion By 2027

The global  virtual data room market  size is estimated to reach USD 4.12 billion by 2027, registering a CAGR of 14.7% from 2020 to 2027, according to a new study by Grand View Research, Inc. Rapidly growing demand for highly secured solutions to share extremely confidential documents between companies during mergers and acquisitions activities is the key factor driving the market growth. A Virtual Data Room (VDR) is a web-based document repository platform in which enterprises can store their highly confidential files and provide access to authorized persons. In a bid to collaborate and exchange secret documents swiftly and privately, several legal and government agencies are aggressively adopting virtual data room solutions, thereby fueling the overall demand. The virtual data room solutions have witnessed widespread adoption across healthcare industries for not only delivering enhanced safety for the crucial documents used in clinical trial applications but also...

Remote Sensing Technology Market Size Worth $29.61 Billion By 2027

The global  remote sensing technology market  size is expected to reach USD 29.61 billion by 2027, expanding at a CAGR of 11.6% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Remote sensing technology is used to detect and monitor land and weather characteristics by measuring the reflected sunlight and emitted radiation from a satellite or an aircraft. Cameras fitted on the satellite and the aircraft to collect the remotely sensed images, which help organizations observe and analyze the land and forecast weather accordingly. The market is primarily driven by rising investments in earth observation projects. For instance, in August 2020, Indian earth observation startup Pixxel announced it raised investments worth USD 5 million for a constellation of Earth observation satellites. The growing adoption of precision farming is expected to augment the market growth over the forecast period. The technology is used to identify crop conditio...

Manual Resuscitators Market Size Worth $ 735.8 Million By 2026

The global  manual resuscitators market  size is expected to reach USD 735.8 million by 2026, according to a new report by Grand View Research, Inc. expanding at a CAGR of 6.80% over the forecast period. The demand for manual resuscitators/ Bag Valve Mask (BVM) is expected to increase owing to the increasing cases of COPD and the increasing need for neonatal ventilation. Moreover, the increasing obese population is expected to increase the chances of cardiac arrest cases, ultimately driving the demand for artificial ventilation. The rising mortality due to non-communicable diseases, such as coronary heart disease has created a pressing need to increase awareness about the measures to be taken to help a patient. Germany, UK, and France are undertaking initiatives to create awareness amongst people about CPR and heart problems. For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/manual-resuscitators-market In order...

Compression Therapy Market To Reach $3.96 Billion By 2022

The global  compression therapy market  size is expected to reach USD 3.96 billion by 2022, according to a new report by Grand View Research Inc. Increasing prevalence of chronic venous disorders such as deep vein thrombosis, leg ulcers, lymphedema and venous insufficiency is expected to serve as the key driver. Growing sports and adventure related injuries are also expected to boost market growth over the forecast period. In Addition, the increasing incidence of diabetes is also likely to support the market demand as diabetic patients usually suffer from swelling in legs, ankles and feet. For PDF sample Copy or More Details please visit link @: http://www.grandviewresearch.com/industry-analysis/compression-therapy-market Rising geriatric population base is identified as a driver for the compression therapy market owing to the high susceptibility of this age group towards developing chronic venous disorders. Additionally, advancements like use of mobile intermittent pump...

ENT devices market size worth USD 23.1 billion by 2022

The global ENT devices market size was valued at USD 17.2 billion in 2016. It is estimated to progress at a CAGR of 5.0% over the forecast period. Rising geriatric population, increasing prevalence of ENT related disorders, growing government initiatives are among the key trends stimulating market growth. Technological advancements also play an important role in the growth of the market. Widening base of geriatric population worldwide is leading to increased prevalence of age-related illnesses such as hearing loss and decrease in functioning levels of ENT. This, in turn, is expected to augment the market. Rising disposable income and well-established healthcare infrastructure are also projected to work in favor of the market. For PDF sample Copy or More Details please visit link @: ENT Devices Market Size & Share | Industry Analysis Report 2012-2022 (grandviewresearch.com) Rise in age also causes weak immunity system, which makes older people more susceptible to infections s...

Cancer Immunotherapy Market Size Worth $126.9 Billion By 2026

The global  cancer immunotherapy market  size is likely to reach USD 126.9 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 9.6% during the forecast period. Increasing patient pool and higher mortality rate are augmenting the need for cancer immunotherapy globally. Furthermore, increasing number of approvals for new immunotherapeutic drugs is driving the global market. Cancer immunotherapy has emerged as a new avenue for revenue generation for pharmaceutical companies. In addition, adverse effects, such as recurrence of cancer and organ failure, associated with conventional chemotherapies and rising demand for technologically advanced healthcare solutions are boosting the demand for immunotherapies. Moreover, introduction of newer drug classes, such as target receptors for multiple myeloma and checkpoint inhibitors, is poised to make way for advanced therapeutics in the market. For PDF sample Copy or More Details please visit li...

Home Audio Equipment Market Size Worth $22.50 Billion By 2020

The global  home audio equipment market  size is expected to reach USD 22.50 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer demand for high-quality home theater experience attributed to increased disposable income is expected to drive the market over the forecast period. Increasing trend towards deployment of sophisticated equipment, high-speed data streaming, faster internet connectivity, and internet-exclusive entertainment are expected to proliferate the need for external audio solutions. The emergence of Bluetooth products coupled with wireless Blu-ray home theater systems is expected to positively impact market growth. For PDF sample Copy or More Details please visit link @: http://www.grandviewresearch.com/industry-analysis/home-audio-equipment-market Home audio equipment comprises a wide range of equipment including multi-channel amplifiers, compact audio systems, and home radios. Manufacturers of this equipment have bee...

Digital Transformation Market Size Worth $1,392.91 Billion By 2027

The global  digital transformation market  size is expected to reach USD 1,392.91 billion by 2027, registering a CAGR of 22.5% from 2020 to 2027, according to a new report by Grand View Research, Inc. The growth is attributed to the increasing necessity for introduction of innovative solutions that are capable of engaging customers or employees to integrate process, data, IT, and business. Furthermore, the increasing demand for the adoption of Internet of Things (IoT) and other advanced technologies is propelling the growth. Digital transformation allows organizations to tackle disruptive changes such as marketplace fluctuation and corporate restructuring, occurring in their markets and customer base by designing new products, services, and business models leveraging digitalization. These newly designed solutions are generally a mix of digitally stored historical information about business activities and the customers Furthermore, they facilitate the transformation...

Image Recognition Market Worth $109.4 Billion By 2027

The global  image recognition market  size is expected to reach USD 109.4 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 18.8% from 2020 to 2027. Image processing and recognition have evolved with numerous powerful applications, such as security and surveillance, and medical imaging that have created a great value from a business perspective. Functions of figure identification, such as facial or object recognition, visual geolocation, barcode reading, and automated driver assistance, among other industrial automation-related functions, have demonstrated the versatility of this technology. When combined with AI, this technology has begun to create valuable growth opportunities in several verticals, such as gaming, social networking, and e-commerce. For instance, Twitter and Facebook, two major platforms in the world of social networking, have benefited from the technology in terms of audience engagement a...

E-waste Management Market To Reach 63.7 Million Metric Tons by 2025

The global  e-waste market  generated is expected to reach 63.705 million metric Tons by 2025, according to a study conducted by Grand View Research, Inc. The rising disposable income in developing countries coupled with consumer’s inclination toward technologically advanced gadgets have resulted in the significant sales of electronic devices across the globe, thereby driving the e-waste management market. Furthermore, with the increasing use of electronic devices across the world, the amount of waste generated has also substantially increased over the years. The disposal of e-scrap has become a key concern for developing as well as developed economies since health hazards associated with e-scrap landfill and incineration are considerable. Hence, the need to manage and recycle this waste is expected to emerge as a primary need for numerous nations worldwide, which, in turn, is expected to positively impact the growth of the e-waste management market over the next nine years....