2023-07-31

Robotic Process Automation Market is expected to grow at a CAGR of 32.8%, till 2028 | Size & Share

Over the forecasted period (2021-2028), the Robotic Process Automation Market is anticipated to develop at a CAGR of 32.8%, reaching an estimated value of USD 1,570 million in 2020.

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The factors driving growth of the Robotic Process Automation Market includes increasing application of robotic process automation for data entry, accounting/finance, procurement detail, and record keeping, growing demand for automation in Business Process Outsourcing (BPO) sector and improvements in the living standards. Robotic Process Automation solutions help companies to carry out high-volume, repetitive, and monotonous tasks, saves both time and costs, aids in meeting regulatory compliance, enhances customer’s experience, and minimize business response time, are some of the features pushing the Robotic Process Automation Market size. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Cloud Computing, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Global Robotic Process Automation Market. In addition, increasing investments by major corporations on research and development, strategic collaborations, and partnerships between key industry leaders, rising population growth rates and growing disposable incomes, are further contributing towards the market growth.

However, growth of the Robotic Process Automation Market is hindered attributed to its high cost.

The leading players operating in the Robotic Process Automation Market includes OnviSource, Inc., Automation Anywhere, Inc., Blue Prism Limited, Pegasytems, Inc., International Business Machines Corporation, Appian Corporation, Nice Ltd., NTT Advanced Technology Corporation, Infosys Limited, and FPT Corporation, among others.

Based on Deployment Mode, the Cloud segment is expected to grow at a fastest CAGR in upcoming years

Cloud based deployment minimize maintenance costs, reduces the cost of infrastructure, and are highly scalable, are some of the features pushing the segment’s growth.

Based on Industry Vertical, the BFSI segment is projected to grow at a robust CAGR over the forecast period

Robotic process automation solutions are increasingly used in BSFI sector because it automates time consuming tasks processes such as customer service, compliance, credit card processing, and mortgage processing, are propelling growth of the segment.

Based on Region, the North America region is projected to increase at as highest CAGR over the forecast period

Increasing demand by companies for automating different processes, rising adoption of advanced technologies by major corporations, presence of the companies such as International Business Machines Corporation and Appian Corporation and high per capita incomes, are some of the important factors augmenting the Robotic Process Automation Market share in North America.

Key Developments

In 2020, Appian Corporation completed the acquisition of Novayre Solutions SL, a developer of the Jidoka RPA platform.
In 2020, IBM Corporation completed the acquisition of WDG SOLUÇÕES EM SISTEMAS E AUTOMAÇÃO DE PROCESSOS LTDA (referred to as WDG Automation), a robotic process automation (RPA) provider based in Brazil.

Market Segmentation

Segmentation by Deployment Mode

On-Premise
Cloud

Segmentation by Size of Enterprise

Small and medium Enterprises
Large Enterprises

Segmentation by Industry Vertical

IT and Telecom
BFSI
Healthcare
Retail
Manufacturing
Others

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

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2023-07-25

Intrusion Detection System Market is projected to grow at a faster CAGR till 2027

The Intrusion Detection System Market is estimated to grow at a higher CAGR over the forecast period (2020-2027).

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The factors driving growth of the Intrusion Detection System Market includes rising incidences of data breaches and cyber attacks around the world, emerging trend of Bring Your Own Device (BYOD), increasing penetration of smartphones and tablets, growing demand for video surveillance systems and improvements in the living standards. Moreover, rising focus of companies on complying with regulatory framework, increase in the launch of innovative products, growing acceptance for cutting-edge intrusion detection technologies by the IT organizations, and rapid urbanization, are some of the additional factors supplementing the Intrusion Detection System Market size. In addition, the increasing investments by major enterprises on research and development, strategic partnerships and collaborations between leading players and growing population growth rates, are further contributing towards the market growth.

However, growth of the Intrusion Detection System Market is hindered due to insufficient availability of skilled professionals.

The prominent players operating in the market are FireEye, Inc., Darktrace, Fortinet, Inc., Cisco, McAfee, LLC, IBM, Alert Logic, Inc., Palo Alto Networks, Trend Micro Incorporated, and AT&T Cybersecurity, among others. FireEye, Inc., Darktrace, Fortinet, Inc., Cisco, McAfee, LLC, IBM, Alert Logic, Inc., Palo Alto Networks, Trend Micro Incorporated, and AT&T Cybersecurity are a few of the well-known companies that operate in the sector.

Based on Component, the Solutions segment is predicted to grow at a significant CAGR during the forecast period

Intrusion detection systems are increasingly deployed by organizations to protect them from unauthorized traffic entering the network and malware, which is pushing growth of the segment.

Based on Vertical, the BSFI segment is projected to grow at a robust CAGR over the forecast period

Intrusion detection systems protects banking companies from malicious and suspicious links and attacks, which is propelling segment’s growth.

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

Presence of the leading players such as McAfee, LLC, IBM Corporation, and Cisco, growing adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML), rapid urbanization and high per capita incomes, are some of the important factors augmenting the market growth in North America.

Key Developments

In 2020, Palo Alto Networks acquired Expanse Inc., a leader in attack surface management. This acquisition is aimed to bring a unique level of visibility to security by the continuous scanning of exposed assets.
In 2020, Darktrace entered into partnership with Options, to provide data analytics and threat detection capabilities to Options with the deployment of Darktrace’s Enterprise Immune System solution.

Market Segmentation

Segmentation by Component

Solutions
- Hardware
- Software
Services
- Planning & Integration
- Support & Maintenance

Segmentation by Type

Network-Based
Wireless-Based
Network Behavior Analysis
Host-Based

Segmentation by Deployment Type

Cloud
On-Premises

Segmentation by Vertical

BFSI
Government & Defense
Healthcare
IT & Telecom
Retail & Ecommerce
Manufacturing
Others

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

About GMI Research

2023-07-22

Deblistering Machines Market is estimated to grow at a CAGR of 3.9% | Size & forecast

The Deblistering Machines Market was valued at around USD 118 million in 2020 and is anticipated to expand at a CAGR of 3.9% CAGR o

ver the forecast period (2021-2028).

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The factors driving growth of the market includes increasing manufacturing of pharmaceutical drugs around the world, rising focus of companies on developing highly efficient deblistering machines, and growing use of deblistering machines to remove drugs from blister packages and improvements in the living standards. Deblistering machines reduces error rates, easily removes drugs with exceptional speed, and are increasingly used in end-use industries such as Hospitals, Nutraceuticals, Medical waste recyclers, and Pharmacies, are some of the factors pushing the market growth. Moreover, growing adoption of advanced technologies by manufactures, rise in the launch of innovative products, increasing demand for proper medicines and rapid urbanization, are some of the additional factors supplementing the Deblistering Machines Market Growth. In addition, the increasing investments by major companies on research, strategic mergers, and acquisitions between key industry leaders, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Deblistering Machines Market is hindered attributed to its high cost.

The leading players operating in the market are SaintyCo, Accura Pharmaquip Pvt. Ltd., ACG, Sepha, Omnicell Inc., Stripfoil Deblistering Technology, Uhlmann, RBP BAUER GMBH, Jornen Machinery Co., Ltd, and O.M.A.R. S.r.l Pharmaceutical Blister Solution, among others.

Based on Type, the Automatic segment is predicted to grow at a significant CAGR during the forecast period

Increasing use of automatic delustering machines to assists deblistering process and rising focus of manufacturers on developing new features in automatic deblistering machines, are propelling segment’s growth.

Based on Operating Speed, the Above 60 segment is projected to expand at a robust CAGR over the forecast period

As per the Global Deblistering Machines Market Research, increasing adoption of high speed de blistering machines in pharmaceutical industry to reduce the time of manufacturing, is pushing segment’s growth.

Based on Region, the North American region is anticipated to grow at aa remarkable CAGR during the forecast period

According to the Deblistering Machine Market Research Report, rapid growth in drug manufacturing, technological advancements in deblistering machines, increase in the launch of new products, growing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North America.

Key Development

In 2021, Sepha introduced a contract packaging service to meet the rising demand for small batch production. Sepha’s new contract packaging provide cost–effective, low volume runs of blister and medical device pack within a short period of time.

Market Segmentation

Segmentation by Type

Manual
Semi-Automatic
Automatic

Segmentation by Operating Speed

Less than 30 blister
30 – 60
Above 60

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

About GMI Research

2023-07-20

5G Enterprise Market is projected to grow at a higherCAGR till 2028 | Size, Analysis

The 5G Enterprise Market is expected to expand at a significant CAGR over the forecast period (2021-2028).

The factors driving growth of the 5G Enterprise Market includes rise in the number of smart cities around the world, increasing penetration of smartphones and laptops, growing focus of companies on enhancing their operational efficiencies and improvements in the living standards. For instance, the Indian government plans to create 100 smart cities across the country with the goal of creating livable and self-sufficient metropolitan areas, which would spur market expansion in India in the years to come .Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Big Data Analytics, on-going developments in the telecom sector, rise in the launch of innovative products and rapid urbanization, are some of the by major companies on research and development, strategic partnerships and Acquistions between leading additional factors supplementing the market growth. In addition, the increasing investments players, growing population growth rates and rising disposable incomes, are further contributing towards the market growth.

However, growth of the 5G Enterprise Market is hindered due to stability in the adoption of Wi-Fi communication technology.

The leading players operating in the market includes SAMSUNG, ZTE, NEC Corporation, Oracle, Cisco, Ciena Corporation, Huawei Technologies Co., Ltd., Ericsson, Nokia, and Juniper Networks, Inc., among others.

Based on Network Type, the Private Network segment is predicted to grow at a robust CAGR during the forecast period

Private networks reduce the dependency on service providers, and enables organizations to customize their network, which is propelling growth of the segment.

Based on Infrastructure, the Core Network Technology segment is projected to capture the largest market share over the forecast period

Core network technology helps in enhancing user’s experience, simplifies network operations, and enhances network capabilities, which are pushing segment’s growth.

Based on Region, the North American region is expected to grow at a remarkable CAGR during the forecast period

Presence of the leading companies such as Juniper Networks, Oracle, and Cisco, rise in Government’s expenditure on smart city projects, rapid industrialization, increased adoption of advanced technologies and high per capita incomes, are some of the important factors augmenting the market growth in North America.

Key Developments

In 2020, Ericsson collaborated with SoftBank Corp. to launch the cloud-native dual mode 5G core. Through this solution, the SoftBank Corp. aimed to develop new 5G use cases towards businesses, consumes, and industry partners.
In 2020, ZTE partnered with China Mobile to launch the country’s first medical edge cloud platform.

Market Segmentation

Segmentation by Network Type

Hybrid Network
Private Network

Segmentation t by Operator Model

Communication service providers
Private Enterprises

Segmentation by Infrastructure

Access Equipment
Core Network Technology

Segmentation by Spectrum

Licensed
Unlicensed/Shared

Segmentation by Organization Size

Small and Medium-sized enterprises
Large Enterprises

Segmentation by Vertical

BFSI
Manufacturing
IT and Telecommunication
Energy & Utilities
Retail
Healthcare
Government
Others

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

About GMI Research

2023-07-15

Wheat Protein Market is projected to reach USD 3,200 million in 2028 | Size & Forecast

The Wheat Protein Market is expected to reach USD 3,200 million by 2028, increasing at a CAGR of 3.8% over the forecast period (2021-2028).

The factors driving growth of the Wheat Protein Market includes increasing demand for gluten-free products, rising prevalence cases of heart diseases, inflammation, and obesity, evolving trend of veganism, growing manufacturers focus on using organic and natural ingredients to cater the increasing demand across the globe. Moreover, growing adoption of advanced technologies, increasing health consciousness amongst consumers, rising disposable incomes and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic collaborations, and partnerships between enterprises, rise in the launch of innovative solutions and growing population growth rates, are further supporting the market growth.

However, growth of the Wheat Protein Market is hindered attributed to variations in the pries of raw materials.

The leading players operating in the market are GLICO NUTRITION CO., LTD. Al., Crespel & Deiters Group, Tereos Syrol, ADM, Cargill, Incorporated, Agrana, CropEnergies, MGP, Manilda Group, and Roquette Frères, among others.

Based on Application, the Pet Food segment is predicted to grow at a significant CAGR during the forecast period

Emerging trend of pet humanization and growing demand for plant-based alternatives, are pushing the segment’s growth.

Based on Form, the Dry segment is projected to grow at a remarkable CAGR over the forecast period

Growing adoption of dry milling technology to reduce the size of raw materials, is propelling growth of the segment.

Based on Region, the Asia-Pacific region is estimated to hold the largest share during the forecast period

Increasing demand for plant-based protein products across India, China and Indonesia, growing adoption of advanced technologies by manufacturers, rapid urbanization, rising per capita incomes and high population growth rates.

Key Developments

In 2020, MGP developed the ProTerra line of textured proteins. It is especially suited for use in vegetarian/vegan applications as well as in blended products as an alternative for meat.

Market Segmentation

Segmentation by Application

Bakery & Snacks
Pet Food
Nutritional Bar & Drinks
Processed Meat
Meat Analog
Others

Segmentation by Form

Dry
Liquid

Segmentation by Product

Wheat Gluten
Wheat Protein Isolate
Textured Wheat Protein
Hydrolysed Wheat Protein

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

About GMI Research

2023-07-11

Cold Chain Market earned USD 246.2 billion in 2021 and expected to reach USD 469.4 billion in 2029

A method of transporting and storing temperature-sensitive goods, such as food, pharmaceuticals, and chemicals, in a controlled environment to preserve their quality and integrity is referred to as the cold chain market. It includes a sequence of refrigerated coordinated operations and capacity exercises to guarantee that the items are kept inside unambiguous temperature ranges all through the inventory network, from creation to utilization. The value of cold chain market is estimated as 246.2 billion USD in 2021 and is expected to touch 469.4 billion USD in the year 2029 . Whereas the market is expected to have a CAGR of 8.4 % from 2022 -2029, due to the increase in demand for convinced food products with high shelf life.

Various factors such as perishable food items, rise in the organized retail outlets in developing countries, and growing awareness among consumers about reducing food wastage are boosting the growth of Global Cold Chain Market. As people are getting more concerned about their health and fitness and started to recognise the importance of nutrients for overall health. Consumption of fruits, vegetables and dairy products has increased which is increasing the demand of cold chain market. Worldwide the government is launching policies to reduce food and agriculture waste to support cold chain market. The government of India had launched a PM Kisan SAMPADA Yojana. The main motive of this yojana is to reduce the food and agriculture waste and the increase the demand of food processing industry in India. Under this PM Kisan SAMPADA Yojana scheme some of the components focuses on establishing integrated cold chain, mega food parks, expanding food processing and value addition infrastructure and preservation capacities in India.

The increasing need for temperature control to avoid wastage across the globe. the reason for increasing food wastage is lack of cold chain during processing, packaging, distribution, and consumption. according to the UNEP report 2021 17% of the food produced for human consumption is wasted which cost 936 billion USD every year worldwide. Due to the lack of proper refrigeration 26 billion tons of food produced is getting wasted which is 12% of global food production as per the International Institute of Refrigeration 2021. According to the UNEP 2022 the Indian farmers are facing a loss of 12520MN per year due to inadequate cold chain facilities and lack of energy infrastructure. To provide financial help for establishing the cold storage and to reduce the gap between the available resources and cold storage the Indian government had launched several programmes such as Mission for integrated development of horticulture and PM Kisan SAMPADA Yojana.

In food and beverage industry cold chain is getting popularity as it helps in maintaining the food quality and prevent it from spoiling which contributing towards the growth of the cold chain market. now a days consumers are shifting towards online plant form rather than offline as online stores are 24*7 available and offers great variety of products with the benefit of home delivery which result in the growth of e-commerce platform and online grocery stores that is opening a new opportunity and challenges in the cold chain market. these challenges and opportunities are engrossing the demand for innovative solutions for last mile delivery, increasing need for automated warehouse to manage inventories and moder temperature monitoring system to ensure safety of food. Whereas some rising concerns regarding environment related to greenhouse gas emission may hinder the growth of cold chain market. factors such as lack of standardization, extensive operational and infrastructure cost might hinder the growth of the market.

Based on Type, the Refrigerated Storage segment is expected to grow at the largest market share during the forecast period

Several factors such as demand for high cube, refrigerated trailers , advance refrigerated trucks and vehicles for transportation of product are boosting the segment growth in the trade of perishable commodities in the country .increasing preferences for packed food ,along with dietary pattern and changed lifestyle of consumers are propelling the demand of frozen food market. It is helping to the growth for storage solution across the globe.

Based on Temperature Type, the Chilled segment is projected to increase during the forecast period

Chilling process plays an important role for chilled products which are going through cold chain, as it slow down the rate of microbial action that helps to protect the food from spoiling. However cold chain offers uninterrupted handling of products and maintain the temperature according to the needs of products.

Based on Application, the Dairy & Frozen Desserts segment is expected to hold the largest market share

Cold chain logistics are used to transport dairy and frozen products as it maintains the temperature between -18 *C to 4 *C and maintain the quality of the product. several technologies such as blast freezing, vapor compression, programmable logic controller, evaporating cooling and cryogenic systems are used in global cold chain market. the most efficient, affordable, and easy to operate system is evaporating cooling storage.

In the forecast period the food and vegetable segment are expected to have a fastest rate of growth which is increasing the need of maintaining the quality and freshness of fruits and vegetables during the transportation. factors like increasing demand for organic produce, globalization of trade, growing need for fresh produce and reduction in the wastage of food are accelerating the market growth of fruits vegetables and freshly produced.

Based on Region, APAC region is expected to dominate the market

Across India, China and Australia, Asia – Pacific cold chain logistics market is experiencing a rapid growth. Factors like increasing industrialization, increasing adoption of advance warehouse tools, and presence of large agriculture production are supporting to the growth of the market. Moreover, increasing demand for perishable goods and several government initiatives are driving the demand of the market. Some of the major leading players like Nichirei Corporation, Lineage Logistics Holding, LLC, Swire Groups, are thinking to expand the product portfolio in this region , which is expected to have a positive impact on the market .increasing demand for fresh fruits and vegetables and rising penetration of connecting devices are the key factors that are driving the North – American cold chain market .

Market Segmentation

Segmentation by Type

Refrigerated Storage
Refrigerated Transport

Segmentation by Temperature Type

Chilled
Frozen

Segmentation by Application

Dairy & Frozen Desserts
Fish, Meat and Seafood Products
Fruits & Vegetables
Bakery & Confectionery Products
Others

Segmentation by Technology

Blast Freezing
Vapor Compression
Programmable Logic Controller (PLC)
Evaporating Cooling
Cryogenic Systems
Others

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

About GMI Research

2023-07-11

Active Electronic Components Market Research Report Size & Forecast Analysis

The Active Electronic Components Market was estimated around USD 274 billion in 2020 and is expected to grow at a CAGR of 9.6% over the forecast period (2021-2028).

The factors driving growth of the Active Electronic Components Market includes increasing demand for consumer electronic products such as smartphone, laptops and tablets, expansion of 5G network infrastruct

ure around the world, rising application of active electronic components in electric vehicles and autonomous cars and improvements in the living standards. For instance, the number of smartphones sold globally have increased from 1351.80 million units in 2020 to 1,433.9 million units in 2021, which is expected to accelerate the Active Electronic Components Market share in the approaching years. Moreover, growing focus of companies on streamlining operational processes through remote monitoring, increasing deployment of connected devices in manufacturing facilities, rise in Government’s expenditure on the construction of smart cities and rapid urbanization, are some of the additional factors supplementing the Active Electronic Components Market size. In addition, the increasing investments by major companies on research, strategic mergers, and acquisitions between enterprises, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Active Electronic Components Market is hindered due to high maintenance cost of semiconductor devices.

The prominent players operating in the Active Electronic Components Market includes NXP Semiconductors N.V., Toshiba Corporation, Panasonic Corporation, STMicroelectronics N.V., Infineon Technologies AG, Texas Instruments Incorporated, Taiwan Semiconductor Manufacturing Company Limited, Analog Devices, Inc., ON Semiconductor Industries, LLC, and Diotec Semiconductor AG, among others.

Based on Devices, the Semiconductor Devices segment is predicted to grow at a significant CAGR during the forecast period

As per the Active Electronic Components Market Forecast, growing adoption of semiconductor devices in mobile phones, Personal Computers (PCs), and smart home appliances, is pushing growth of the segment.

Based on End-User, the Automotive segment is projected to expand at a robust CAGR over the forecast period

Growing adoption of advanced safety systems in cars and rising popularity of electric vehicles, are pushing growth of the segment.

Based on Region, the Asia-Pacific region is expected to expand at a fastest CAGR during the forecast period

Government policies promoting the manufacturing of electric vehicles, growing demand for wearable electronics, increasing use of active electronic components in healthcare industries, rapid urbanization, and high population growth rates, are factors driving the market growth in Asia-Pacific region.

Key Development

In 2020, Taiwan Semiconductor Manufacturing Company Limited (TSMC) decided to build and operate a semiconductor fab across United States with support from the U.S. federal government and the State of Arizona.

Market Segmentation

Segmentation by Product

Semiconductor Devices
Vacuum Tubes
Display Devices
Others

Segmentation by End-User

Consumer Electronics
Networking & Telecommunication
Automotive
Manufacturing
Aerospace & Defence
Healthcare
Others

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

About GMI Research