South Africa E-Commerce Industry is expected to grow with a CAGR of 9.83% from 2020 to 2027

According to the report by Renub Research, titled “South Africa E-Commerce Market, Size, Forecast 2022-2027, Industry Trends, Share, Growth, Impact of COVID-19, Opportunity Company Analysis” the South Africa E-Commerce Market Size was USD 4.5 Billion in 2021. Technological advances and modernization have undeniably played a critical role in the adoption of e-commerce in South Africa. It has changed the face of economic trade and is gaining a foothold in the retail industry due to a low-cost way of conducting economic activities and building global business partnerships to interchange information through interconnected networks. E-commerce is a form of computerized commerce, enabling customers to buy products or services over the internet using a browser, regardless of distance and time.


Besides, several factors contribute to impressive e-commerce growth in South Africa as it has second-largest youngest population in the world. Thus, there is potential for a massive digital audience. In addition, internet penetration has been growing due to the broad expansion of smart phones and mobile devices in common. Indeed, various digital payments are becoming more widespread in South Africa. This is undoubtedly an essential aspect of e-commerce. As per research findings in 2021, User penetration is 41.1% in 2021 and will hit 53.1% by 2025.

South Africa E-Commerce Market to Reach USD 7.9 Billion by 2027


How Covid-19 Benefited South Africa E-commerce Industry

The corona virus pandemic accelerates the development of the e-commerce market in South Africa, changes the way consumers behave and increases the importance of e-commerce even more. Indeed, consumers who stay at home and shop online to avoid the risk of infection also look more favorably on e-commerce; this has led not only to growth in industries that are already popular (clothing, electronics), but also those that were marginal until the crisis, such as e-grocery in South Africa.


Fashion & Personal Care Products Segments have High Growth Potential

Further, the top e-commerce product categories in South Africa are Toys, Hobby & DIY, Furniture, Food & Personal Care, Fashion and Electronics & Media in South Africa. Fashion is the largest retail category in South Africa. The shift toward e-commerce is a vital, palpable movement in most economies. A quarter of spending on accessories, clothing and footwear (fashion) already occurs online and its rapidly growing. Online marketplaces, like takealot.com and superbalist.com Fashion United SA, are key purchase influencers in a fashion shopper’s purchase journey in South Africa.

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Notwithstanding, the e-commerce platform is the most popular for personal care products in South Africa.  Personal care products are commonly purchased online due to the wide range of products available on online platforms. The time-saving aspect of the medium has contributed to the rise of the online retail phenomenon. Online media helps consumers benefit by spending on skincare and increasingly associating an attractive appearance with career success and professionalism through beauty products.


South Africa E-Commerce Industry to grow with a CAGR of 9.83% from 2020 – 2027

On the basis of payment mode, alternative payment methods such as Bank transfers, Cards, Cash on Delivery (COD), Direct Delivery and E-wallet are being used by digital buyers in South African countries. E-wallets are much more common in South African compared to COD. Mostly unknown in advanced economies, E-wallet represents a revolution in other markets, making financial services accessible throughout the country, including remote rural areas. E-wallet allows customers to receive, store, and spend money using a mobile phone even without internet access.


Although, a card like credit and debit cards are popular payment methods for e-commerce payments in South Africa. It is simple to use; the customer has to enter their credit card number and date of expiry in the appropriate area on the seller’s web page. Increased security measures, such as using a card verification number (CVN), have been introduced to online credit card payments to improve the security system.

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/south-africa-e-commerce-market-p.php 


South Africa’s e-commerce market is highly competitive and fragmented, with key market players such as Takealot, Superbalist, Woolworths, Amazon, Mrp. These key companies focus on expansions, acquisitions, and collaborations to strengthen their South Africa e-commerce industry.


Market Summary

  • Type – Our Report covers by type Market breakup by 5 viewpoints (Toys, Hobby & DIY, Furniture, Food & Personal Care, Fashion, and Electronics & Media)
  • Payment Mode – Renub Research Report covers by Payment Mode Market breakup by 6 viewpoints (Bank transfers, Cards, COD, Direct Delivery, E-wallet and others)
  • All the key players have been covered from 2 Viewpoints (Overview, Recent Development) Takealot, Superbalist, Woolworths, Amazon, and Mrp.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

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Global Augmented Reality Market to Grow at 37.6% CAGR during 2021 – 2026

Renub Research latest report titled “Augmented Reality Market Global Forecast by Segments, Region, End-User, Headset Volume, Company Analysis” the Global Augmented Reality Market is projected to reach US$ 85.47 Billion by 2026. Augmented Reality (AR) is a unique technology that involves the overlay of computer graphics in the real world. It only enhances objects in the modern world by superimposing virtual images into them. Augmented reality offers interactive experiences into multiple sensory, auditory modalities, including haptic, visual, somatosensory, and more. AR is a system that incorporates three essential features: a combination of real and virtual worlds, real-time interaction, and accurate 3D registration of virtual and real objects.

Factors Driving Worldwide Augmented Reality Market

Further, the global AR market is influenced by several factors, such as the proliferation of smartphones, increased popularity of gaming, cost-efficient benefits of augmented and virtual reality-based solutions, and a surge in the adoption of AR technologies by enterprises. These factors are to drive the growth of augmented reality.

Worldwide Augmented Reality Industry was US$ 12.56 Billion in 2020

Worldwide, augmented reality’s businesses continue to expand and become more pervasive among various segments like E-Commerce, Hardware, Ad spending, Apps etc. Augmented reality in the e-commerce market web design gives consumers an immersive experience, allowing real-time communication with products while remaining in their environment. Augmented reality bridge-whist the gap felt by customers between physical stores and online shopping experiences.


Moreover, the various advancements in the gaming industry, AR technologies earning much market due to it’s unlike virtual reality, augmented reality utilizes existing environment and enhances it with an overlay of distinct features. Over the last few years, the expansion of the core augmented digital reality market can be attributed to several beneficial factors, such as the proliferation of mobile apps, the increased use of smartphones, and the increasing use of digital reality in advertising.


North America is driving the Demand of Augmented Reality Market

In North America, increasing investment in immersive technologies is boosting the AR demand in the region. Similarly, the US government is keen on promoting the adoption of immersive technology, strengthening the region’s hold on the augmented reality industry. For instance, in 2019 US Defense Advanced Research Projects Agency showed interest in IMT Atlantique and contacted the company for developing similar smart contactless lenses for the US military.


Moreover, AR technology is benefiting both the enterprise and consumer industry in Asia- Pacific. The increasing usage of AR devices to improve product assortment, advertisement, catalogue management, Research and information visibility led to the selection of AR headsets among enterprises. However, the growing adoption of AR apps and smartphone users is adopted of the AR headsets product. Moreover, better field of view, technological advancements and usage of high-performance sensors at a discounted price coupled with the expanding adoption of smart glasses adopted by consumer application.


Based on headset type, the AR headsets market is segmented into standalone HMD, tethered HMD and Screen-less Viewer. The tethered HMD were the foremost or introductory tools in the industry. The AR product demand is primarily attributed to the enterprises which practice high-performance AR applications and immersive objects. In Addition, the standalone HMD comprise optical see-through, near-eye display, and LCoS technology cameras. Thus, these products provide an immersive experience without the help of any system or smartphone. Growing usage of low-price imaging sensors, microphones, and other sensors

Covid-19 has Positively Impacted Augmented Reality Demand

The COVID-19 pandemic has critically impacted global industries. It has resulted in restricted travelling, social distancing, fewer on-site staff, lack of training tools, and much more. However, AR technology offers massive support during the crisis and fuel the market potential. Increasing adoption of augmented reality technologies as more businesses have turned to remote working.


Competitive Landscape

The companies in the global AR market are receiving huge funds and investments across the globe. Companies such as Kopin Corporation, Seiko Epson Corporation, Vuzix, Sony Corporation, Lenovo Group Limited, and Samsung Electronics Co. Ltd. are collaborating with various industries to expand their markets. For instance, in 2021, Kopin ® Corporation announced a multi-year agreement with a leading Japanese electronics Company that develops superbright 2K x 2K full-color Light Emitting Diode (LED) micro displays on silicon.

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Report Summary

  • Segments – We have covered by segment in the Augmented Reality Market breakup by 6 viewpoints (E-Commerce, Hardware, Ad spend, Apps, Games, Enterprise), Region (North America, Europe, APAC, Rest of World)
  • Region – Our Report covered by Region in the Augmented Reality Market breakup by 4 viewpoints (North America, Europe, Asia-Pacific, ROW)
  • End User – Renub Research Report covered by End User the Augmented Reality Market breakup by 2 viewpoints (Enterprise, Consumer)
  • Headset by Types – This report covered by Headset type the Augmented Reality volume breakup by 3 viewpoints (Screen-less Viewer, Standalone HMD, and Tethered HMD)
  • All the key players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Kopin Corporation, Seiko Epson Corporation, Vuzix, Sony Corporation, Lenovo Group Limited, and Samsung Electronics Co. Ltd

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Global Refrigerated Transport Market will be US$ 25.43 Billion by 2027

Refrigerated transport is a method for shipping temperature-sensitive products in a temperature-controlled environment. The vehicle conveying the products has a built-in refrigeration system, a Transport Refrigeration Unit (TRU), and an insulated body that keeps the food at a set temperature. The set temperatures range from fresh vegetables to +8°C to ice cream at -25°C and range in size from panel vans to 44-tonne trailers. Globally, there are millions of refrigerated vehicles operating. As per Renub Research latest report, the Global Refrigerated Transport Market will be US$ 25.43 Billion by the end of 2027.

global refrigerated transport market by renub research

In addition, today, refrigerated vehicles are prevalent, mainly powered by diesel. The more petite vehicles (vans and smaller rigid trucks) employ power from the vehicle engine to run the refrigeration system. However, the larger vehicles (larger rigid lorries and articulated trucks pulling a trailer) use an auxiliary motor, typically diesel, with much less strict emissions standards than diesel engines used for vehicle propulsion.


Moreover, refrigeration transportation being one of the most challenging refrigeration applications, require components capable of addressing a range of critical parameters, such as

  • wide-ranging and wavering temperatures necessitating excellent response and control.
  • harsh environments demanding corrosion resistance,
  • constant shocks and vibrations requiring high stability and reliability.
  • space constraints required compact components, and fuel efficiency required lightweight component materials.


Most Widely Used Method Is the Vapor Compression System:

The most common refrigeration system in practice for refrigerated food transport applications now is the vapour compression system. Mechanical cooling with the vapour compression cycle grants a wide range of options for compressor drive methods. The preference may be based on duty demanded, weight, noise specifications, maintenance provisions, installation expense, environmental tolerances and fuel assessment—the performance and power necessities of these arrangements typically imposed at full load. In existence, however, transport refrigeration arrangements operate over a wide range of freight. The refrigeration system may rearranged on and off or capacity modulated to match the load to maintain the set temperature and reduce inefficiency.


Multi-Temperature Refrigerated Trailers:

The industry best practices include a detailed and clearly defined written procedure created by the shipper, outlining the parameters and proper temperature management of multi-temperature trailers. Additionally, while it is generally acceptable to transport chilled and frozen products in the same multi-temperature trailer to meet the environmental conditions, it is not advisable to transport the same multi-temperature trailer’s ambient (dry) and refrigerated (chilled or frozen) products. Furthermore, it is recommended that hazardous cargo (i.e. chemicals and cleaning supplies) never ship with edible animal and human food in the same trailer.


Road Transport best mode of transport existing in Global Refrigerated Transport Market:

Road transport refrigeration tools are expected to operate probably in more rigid environments than stationary refrigeration equipment. Due to the voluminous range of operating conditions and constraints imposed by available space and weight, transport refrigeration equipment has lower efficiencies than static systems. This, united with the quickly increasing use of refrigerated transport arising from the much more comprehensive range of transported goods, home delivery and greater quality expectations, is placing considerable pressures on the food industry to reduce the energy consumption of refrigerated transport.


Wide Applications of Refrigerated Transportation:

The fish, meat, and seafood segment have wide applications of refrigerated transportation. The advancing technological developments in the processing, packaging and storage of seafood and the rise in fish production boost the refrigerated carrier’s market. However, processed food is expected to be the fastest-growing application segment due to continued packaging materials innovations. Improvements in packaging supplies increase the shelf life of foods has further increased the trading of processed foods for years.


In addition, high product demand in pharmaceuticals is associated with its influence in sustaining the efficiency and fastener of pharmaceuticals. The cold chain in the pharmaceutical market is constrained by strict regulatory measures, such as Goods Distribution Practices (GDP) in the European Union (EU). Further, these regulations are shifting governments worldwide toward standardizing rules globally for better transportation systems for healthcare-related products.


Furthermore, transforming food habits and escalating disposable income levels are triggering the product demand from the bakery and confectionary segments. Shippers collaborate with third-party logistics to cater to the rising demand and assure that goods are conveyed in optimal provisions on a proper schedule.


Regional Players of Global Refrigerated Transport Market:

The North American region has significant growth opportunities as the companies plan to invest in refrigerated transportation for the long yards. Increasing perception of connected devices and a large consumer base are also expected to fuel market growth in the region. In addition, Asia Pacific is anticipated to be the fastest-growing regional market over the forecasted span owing to progressing government investments for logistics support improvement and diffusion of Warehouse Management Systems (WMS).


China is the principal contributor to the APAC regional market. The market extension in China is accredited to factors such as technological advancements in packaging, processing, and storage of seafood products. Expanding demand and growing cold chain infrastructure development has made China a top market for cold chains. Currently, China is experiencing a rapid shift from development & manufacturing-led conservation to a consumer-led economy. Rising discoveries in the pharmaceutical sector in China are also necessitated to boost the market for cold chain solutions. Another significant factor encouraging the market comprises the rapid augmentation of biopharma in the region. Moreover, the global refrigerated transport market was US$ 16.91 Billion in 2020 and will grow at a CAGR of 6.00% during 2020-2027.


The Key Performers in the Global Refrigerated Transport Market:

As per our study, the prominent market players have been examined. Some key players are General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc and Knight-Swift Transportation. These players functioning in the market have initiated several approaches related to the market.


COVID-19 influence on the Global Refrigerated Transport Market:

The COVID-19 pandemic has a meaningful consequence on the refrigerated transport industry. The demand for Refrigerated Transport is experiencing austere wrecks across diverse end-use markets. Global supply strings are disturbed, and the competing rank of operators or producers has testified to a development. The scarcity of demand has fast-tracked the international chilled and frozen food division into an oversupply state. Transportation restraints appear to be a direct and immediate influence, and once the significant social distancing ends, everything would get back to normal status.

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Market Summary:

Type – We have covered the Global Refrigerated Transport Market through Chilled and Frozen.

Mode of Transport – This report covers the Road Transport, Sea Transport and Air Transport as modes of transporting the market.

Region – This report studies Global Refrigerated Transport Market of North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

End Users – We have covered Fruits & Vegetable, Fruit Pulp & Concentrates, Dairy Products, Fish, Meat and Seafood, Processed Food, Pharmaceuticals, Bakery & Confectionary and Others as end users market analysis.

Company – We have studied the company by Company Overview, Recent Development and Revenue of following companies General Mills, Conagra Brands, Kraft Heinz, Associated British Foods plc, Knight-Swift Transportation.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Europe Automobile Market Size is expected to grow with a CAGR of 3.38% from 2020 to 2030

The European automotive industry has been booming and has become a global leader and driver of Europe’s growth and prosperity. In recent years, the European automobile sector has ascended to the top of the worldwide industry. Moreover, the European automotive industry has achieved record sales and is a significant employer and a source of considerable grant making in European society. According to Renub Research, European Automotive Vehicle Market is expected to reach 21.59 Million Units by 2030.

Europe Automotive Vehicle Market Forecast 2021-2030

Notwithstanding, the automotive industry has brought Europe freedom and access from mobility while making it increasingly time-efficient, safer, and more affordable. The automotive sector also contributes to environmental welfare. At the same time, the industry is thriving in keeping the disturbing impact on the environment of the steep hike in numbers of cars on the road in check, mainly through effective emission reductions. Also, the automotive sector seems to be a strong industry with attractive job opportunities and a growth engine of Europe’s economy. Hence, the industry is economically robust but with a clear gap to highly profitable sectors.

Mild Hybrid Vehicle is expected to provide Significant Growth over the Next Decade in European Automobile Industry

Furthermore, the European automotive industry is uniquely situated to become a centre for developing, testing, and eventually adopting new mobility technologies. By Category, the European automobile industry’s principal categories include Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Mild Hybrid Vehicle (MHEV), Natural Gas Vehicle (NGV), Fuel Cell Electric Vehicle (FCEV), Diesel Vehicle and Petrol Vehicle. The MHEV market is dominant, increasing, and expected to provide significant growth over the next decade. In Europe, PHEVs are expected to almost completely replace pure internal combustion engine (ICE) vehicles in the future. Moreover, MHEVs will play a significant role in a balanced powertrain portfolio for the next decade.

Europe Automobile Market Size is expected to grow with a CAGR of 3.38% from 2020 to 2030

Remarkably, the regions and players in the conventional automotive set are also obtaining momentum, and a growing wave of technological megatrends is redefining versatility. Even the core competencies for future prosperity are changing rapidly. In the coming years, European automotive players will require to develop these competencies and manage an employment transition to sustain their position at the vanguard of the industry.

In addition, the Europe automobile sector is expected to stay ahead in the changing competitive landscape, and therefore leaders will need to make some complex decisions. Above all, a shared vision concerning the European automotive sector’s positioning is necessary as well. The automotive passenger vehicles as a cornerstone for individual mobility and the commercial, automotive vehicle as the backbone of the European economy contribute tremendously to society, environment, economic welfare, and growth in Europe.

Coronavirus devastating effect on European Automotive Vehicle Industry

European car markets are gracing to deceive as sales promotions look good but only when contrasted with 2020, smashed by the shock of coronavirus shutdowns and short-term economic disaster. Our analysis expects a solid recovery as the year progresses and coronavirus vaccinations become ubiquitous. At the same time, apprehensions about the impact of the coming wave of Covid infections and a chip shortage remain in the background until the world is ultimately set free from the virus.

Europe Automotive Market was 15.49 Million Units in 2020

As per our analysis, over the following years and decades, the automotive industry will undergo a disruptive transformation towards a mobility industry. Many forces within and from outside the industry will try to transform the sector. The automotive ecosystem will open up, new players will enter, and industry boundaries will become fluid or disappear. In other words, we are going to see a global industry reshuffle.

The Europe Automotive Vehicles Market is consolidated with several international players. The major players are Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company. These players make joint ventures, partnerships and launch new products with advanced technology to dominate their competitors. For instance, in 2020, Toyota launched KINTO, a single brand for mobility services in Europe. Similarly, in 2021, Ford announced a new strategy to go all-electric in Europe by 2030.

Renub Research latest report titled “Europe Automotive Vehicle Market, By Category (EV Volume, HEV Volume, PHEV Volume, MHEV Volume, NGV Volume, FCEV Volume, Diesel Volume and Petrol Volume), Company (Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company)” provides a detailed analysis of Europe Automotive Vehicle Market

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By Category – Europe Automotive Volume have been covered from 8 viewpoints:

1.    Electric Vehicle (EV)

2.    Hybrid Electric Vehicle (HEV)

3.    Plug-in Hybrid Electric Vehicle (PHEV)

4.    Mild Hybrid Electric Vehicle (MHEV)

5.    Natural Gas Vehicle (NGV)

6.    Fuel Cell Electric Vehicle (FCEV)

7.    Diesel Vehicle

8.    Petrol Vehicle

Company Insights:

•    Overview

•    Recent Development & Strategies

•    Financial Insights

Company Analysis:

1.    Volkswagen

2.    Toyota Motor Corporation 

3.    Daimler AG 

4.    Ford Motor Company

5.    Honda Motor Company

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, 

Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra- competitive markets.

Contact Us:

Renub Research

Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

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Global Smart Lock Market will be USD 4.4 Billion by 2027

According to the latest report by Renub Research, titled “Smart Lock Market Global Forecast by Type, Technology, Application, Regions, & Company Analysis” Smart Lock Market will be to USD 4.4 Billion by 2027. Smart locks that enable advanced security features have become increasingly popular in the past few years, owing to enhancing safety and security concerns across the globe. A smart lock is an electromechanical locking device that enables users in various industries to remotely access and unlocks the lock to enter the premises. It is accessed by connecting it to smartphones and other smart devices through communication technologies like Bluetooth Li-Fi and Wi-Fi.

The increasing adoption of intelligent home architecture, with the advent of technologies such as Machine Learning (ML) and rising Internet of Things (IoT) penetration, along with and Artificial Intelligence (AI), is expected to accelerate the mass appropriation of smart locks. Increasing usage of smartphone and other connected devices is a driver for the growth of the smart lock market. Today, many new innovations are aiming to make homes smarter and the everyday life easier, now achievable due to the advanced data analytics and the emergence of artificial intelligence. 

Furthermore, smart lock technology plays a vital role in various applications, like residential, hospitality, enterprise, critical infra and others. Smart lock provides monitoring features such as access notifications through e-mail, SMS and video camera with recording abilities to provide visuals of the person at the door. They also have features such as automatically lock a door and auto-locking options for perimeter auto-locking and unlocked for a specific period that automatically locks the door if the user’s smartphone is outside the designated perimeter.

It offers the best security against burglary or break-in with built-in features such as one-touch locking, low battery warning, and customizable user codes into their portfolio and attracting a vast user base. Additionally, Smart lever handles are being extensively used in the hospitality sector to fulfill the security requirements of tourists. They possess more accessible locking/unlocking procedures than their counterparts due to the push-down style handle instead of a knob, which requires grasping and turning.

The COVID-19 Impact on the Smart Lock Industry

The smart locks have gained significant traction during the COVID-19. The industry is witnessing numerous opportunities during the ongoing pandemic since the locking/unlocking procedures are carried out using smartphones / smart gadgets and voice recognition, thereby reducing the need to physically touch the devices. Thus smart lock is gaining the upper hand during these challenging times.

Smart Lock adoption rate is high in North America

Adopting innovative technology in North America remains high due to the increasing adoption of smart homes and the demand for security concerns. According to the FBI, there were 1.4 Million burglaries and break-ins in 2017, with similar numbers in the following years. Rising concerns regarding safety and security among consumers are in countries in the region due to the demand for smart lock solutions. WI-FI-enabled locking systems are accepted in the US population as they offer several advantages, including convenience.

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Moreover, in the Asia Pacific, Smart city initiatives by governments in developing countries like China, Japan, and India continue to adopt smart lock in commercial, residential, and government buildings under smart city projects. Smart door locks and AI or IoT technologies are gradually emerging as the next big trend for security systems in the region. 

Companies Launching Innovating Features of Smart Locks

For Instance January 2020, Assa Abloy AB announced the launch of the Wi-Fi Smart Lock, which sports a brand-new compact design and built-in Wi-Fi connection. The device comes in the size of a standard doorknob and is 45% smaller in volume and 20% slimmer than the August Smart Lock Pro. The current built-in Wi-Fi feature eliminates the necessary to pair it with an external bridge.

Key industry players such as Allegion Plc, Assa Abloy AB, Midea Group, and Samsung are focusing on developing advanced techniques and offering commercially viable products, including doors, remote locking/unlocking of entrances and windows.

Report Summary

Types – We have covered smart lock breakup by 4 by Types (Deadbolt, Lever Handles, Padlock, Others)

Technology – This report covers the worldwide smart lock technology market by 2 segments (Bluetooth and Wi-Fi)

Application – This report covers the Application in the 5 segments (residential, hospitality, enterprise, critical infra and others)

Regions – Our Report covers global smart lock breakup by 4 Regions (North America, Europe, Asia- Pacifica, Rest of World)

All the key players have been covered from 3 Viewpoints (Overview, Recent Development, Revenue Analysis) Plc, Assa Abloy AB, Midea Group, and Samsung

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:

Renub Research

Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)

Email: info@renub.com

Web: https://www.renub.com

Follow on Linkedin: https://www.linkedin.com/company/renub-research

5G Technology Market is expected to reach US$ 65.49 Billion by 2026

As the world is beholding rapid advancements in technology, the 5G market is no exception. In recent years, the widespread access to 5G internet has changed the way people communicate. Besides, in the future, 5G will likely provide substantial enterprise opportunities which consumers and industries have begun to recognize. Going ahead, heavy investments in 5G will facilitate connected devices and foster the surge of the Internet of Things (IoT) ecosystem. According to Renub Research, the Global 5G Technology Market is expected to reach US$ 65.49 Billion by 2026.

In addition, the driving components that are critical for the success of 5G technologies are hardware, software and services coupled with advancements in 5G technology. By Connectivity, the multiple wireless connectivity features are broadly classified into eMBB, FWA, mMTC and uRLLC. The eMBB attributes to the primary focus by 5G network operatives on remitting enhanced broadband capacities for high-speed cloud-based gaming, AR/VR, UHD video, and constant video calls. The eMBB is providing exceptionally high data speeds for consumers and industries.

Besides, mMTC envisages catering to the growing need for a developed digital ecosystem. The mMTC focuses on providing high connection density applications, such as smart buildings and smart cities. The ever increasing demand to guarantee continuous connectivity for all the IoT devices deployed in a network is envisioned to contribute to the growth of the mMTC segment over the forecast period. As per this research report, the Worldwide 5G Industry is expected to grow with a massive CAGR of 58.70% from 2020-2026.

By Application:

The 5G technology is estimated to provide various vital benefits to numerous sectors like IT & telecom, Energy & Utility, Manufacturing, Media & Entertainment, Transportation & Logistics, Aerospace & Defence, Healthcare, Government & Public Safety and BFSI. The IT & telecom inculcates significant investments by key players in the latest technologies for communication. 5G services are awaited to deliver ubiquitous broadband access between homes and offices, encouraging remote consultation with specialists and reducing business travel. Moreover, key application, such as healthcare, is expected to see a significant enactment of the 5G services to render enhanced telemedicine and healthcare emergency services during and post-pandemic. According to our analysis, the Global 5G Technology Market Size was US$ 4.10 Billion in 2020.

In the past few years, by region numerous countries like North America, Latin America, Europe, Asia Pacific, and Middle East & Africa are leading research conducted to commercialize 5G technology. The continuous developments in the network infrastructure in these countries and the growing need for faster data transfer and high-performance network equipment are some of the key factors driving the growth of the 5G markets further.

Moreover, the infrastructural extension in APAC, especially in Japan, South Korea, Australia, Singapore, China, and India, and the broadening deployment of 5G networks proffer tremendous opportunities to implement the 5G services. China Telecom, China Mobile, SK Telecom, and KT Corporation are the key market players in APAC investing aggressively in rolling out the 5G network infrastructure in China, Japan, and South Korea. Due to a massive mobile subscriber base, enterprises in this region are becoming more competitive and focusing on offering better customer service.

The global market is profoundly fragmented as several regional telecom service providers spend in extending the next-generation infrastructure. The investment will help companies to obtain a vast customer base in the market. In addition, these market players are strategically focusing on mergers and acquisitions to strengthen their foothold in the global market. The prime players profiled in the market are Qualcomm Technologies, Inc., Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd. and Samsung Electronics Co., Ltd.

COVID-19 Analysis of 5G Technology Industry

The pandemic has paused the progression of the 5G foundation in numerous countries. The steps taken to restrict the spread of the disease have affected the timing of the 5G infrastructure standard finalization. For instance, the Department of Telecommunication of India has deferred its spectrum auction for the year 2021. This evolution has unfavorably affected numerous vendors and telecommunication operators present in the business.

Few vendors are converging on an intrusive 5G rollout plan in the year 2021, owing to the inclinations of 5G to serve various sectors during this crisis. In the healthcare sector, a 5G intelligent robot can assist healthcare in conducting remote treatment. For instance, in China, Wuhan, several hospitals use a 5G network to accommodate real-time aid to patients in inaccessible areas. Consequently, 5G has immense potential to support during crises. However, the delay in the 5G deployment is limiting its use. The 5G market globally is expected to gain exponential growth post the pandemic.

Renub Research latest report “5G Technology Market, Global Forecast by Components (Hardware, Software, Services), Connectivity (eMBB, FWA, mMTC, uRLLC), Application (IT & Telecom, Energy & Utility, Manufacturing, Media & Entertainment, Transportation & Logistics, Aerospace & Defense, Healthcare, Government & Public Safety, BFSI, Others), End-User (Enterprises, Consumers), Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa), Connection by Region (North America, Western Europe, Asia-Pacific Developed, China, Rest of the World) Company Analysis (Qualcomm Technologies, Inc., Verizon Communications Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd.)” provides complete details on Global 5G Industry.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=5g-technology-market-p.php

Components – 5G market has been covered from 3 viewpoints:

  1. Hardware
  2. Software
  3. Services

Connectivity – 5G market has been covered from 4 viewpoints:

  1. eMBB
  2. FWA
  3. mMTC
  4. uRLLC

Application – 5G market has been covered from 10 viewpoints:

  1. IT & Telecom
  2. Energy & Utility
  3. Manufacturing
  4. Media & Entertainment
  5. Transportation & Logistics
  6. Aerospace & Defense
  7. Healthcare
  8. Government & Public Safety
  9. BFSI
  10. Others

End-User – 5G market has been covered from 2 viewpoints:

  1. Enterprises
  2. Consumers

Region – 5G market has been covered from 5 viewpoints:

  1. North America
  2. Latin America
  3. Europe
  4. Asia Pacific
  5. Middle East & Africa

Connection by Region – 5G Numbers has been covered from 5 viewpoints:

  1. North America
  2. Western Europe
  3. Asia-Pacific Developed
  4. China
  5. Rest of the World (Undeveloped Asia-Pacific, MEA)

Company Insights:

  1. Overview
  2. Recent Development
  3. Financial Insight

Companies Covered:

  1. Qualcomm Technologies, Inc.
  2. Verizon Communications Inc.
  3. Telefonaktiebolaget LM Ericsson.
  4. Huawei Technologies Co., Ltd.
  5. Samsung Electronics Co., Ltd.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research

Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Artificial Intelligence Market will be US$ 284.40 Billion by 2026

Today, artificial intelligence platform has become a way for computer systems to perform tasks like human intelligence including decision-making and speech recognition. Globally, problem-solving, social intelligence and general intelligence is being achieved with the help of the artificial intelligence platform. Moreover, rising high-level computer languages is helping various industries to work efficiently on the artificial intelligence platform. According to the Renub Research, Global Artificial Intelligence Market will be US$ 284.40 Billion by 2026.

Artificial Intelligence Market, By Solution, Companies, Forecast

By Solution

Artificial Intelligence Market revolves around hardware, software and services. In recent years, artificial intelligence services are at the forefront of all innovations and will continue to remain so during the forecast years. Artificial intelligence services cover installation, integration, maintenance & support projects. With the escalating abundance of enterprises and competition, companies have rigorously integrated artificial intelligence (AI) technology into their services. For instance, the BFSI industry has increasingly adopted artificial intelligence services to enhance operational efficiency and enable a rich consumer experience.

Besides, software solutions promise advancements in information storage capacity, high computing power, and parallel processing capabilities to achieve high-end artificial intelligence software in dynamic end-use verticals. Notwithstanding, artificial intelligence software solutions include libraries for designing and deploying artificial intelligence applications, such as linear algebra, primitives, inference, video analytics, sparse matrices, and multiple hardware communication capabilities. As per our analysis, Global Artificial Intelligence Industry is anticipated to expand at a tremendous CAGR of 29.44% during the forecast period 2020-2026.

By Chip Type

Artificial intelligence includes chipsets such as Graphics Processing Unit (GPU), Application-Specific Integrated Circuit (ASIC), Field-Programmable Gate Array (FPGA) and Central Processing Unit (CPU). An application-specific integrated circuit (ASIC) dominates the artificial intelligence chip segment, specially built for a specific application or purpose. It is specifically designed for a particular application compared to a logic device or a standard logic integrated circuit. It has also been made smaller, and it uses less electricity.

The artificial intelligence market inculcates machine learning, natural language processing, image processing, and speech recognition by technology. Machine learning covers notable investments in artificial intelligence. It covers both artificial intelligence platforms and cognitive applications, including tagging, clustering, categorization, hypothesis generation, alerting, filtering, navigation, visualization, facilitating advisory, intelligent, and cognitively equipped solutions. As per our estimation, Worldwide Artificial Intelligence Market Size was US$ 60.46 Billion in 2020.

Geographic Analysis of Artificial Intelligence Trends

The worldwide artificial intelligence market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. North America is a significant contributor owing to rising government initiatives and investments in the market. Further, in the Asia Pacific, China demonstrates increasing investments in artificial intelligence technology to provide robust results. Likewise, India can gain traction due to the government’s pilot project to implement artificial intelligence in the agriculture and healthcare industries. The rest of Asia Pacific countries like Bangladesh, Vietnam, and Indonesia are also expected to grow at a good pace.

Company Analysis

Globally, artificial intelligence vendors have implemented various types of organic and inorganic growth strategies, such as new product launches, product upgrades, alliances and affiliations, mergers and acquisitions to strengthen their offerings in the market. The major companies in the global Artificial Intelligence market include Google Inc., IBM Corp., Microsoft Corporation, Baidu Inc., Xilinx, Inc., Cisco Systems, Inc., Nvidia Corporation and Intel Corporation.

COVID-19 Analysis

Although the novel coronavirus outbreak pandemic has caused a massive impact on businesses and humankind. Still, the pandemic has emerged as an opportunity for Artificial Intelligence Market to fight against the epidemic. Numerous tech giants and start-ups are operating on barring mitigating and containing the virus. Furthermore, the COVID-19 outbreak is foreseen to spur the market germination of next-generation tech domains, including artificial intelligence, owing to the mandated work-from-home (WFH) policy due to this pandemic.

Also, tech companies are extending their product offerings and assistance to broaden availability across the globe. For instance, in April 2020, Google LLC launched an AI-enabled chatbot called Rapid Response Virtual Agent concerning call centres. This chatbot is created to respond to concerns customers might be experiencing due to the COVID-19 outbreak over voice, chat, and other social channels.

Renub Research latest report “Artificial Intelligence Market, Global Forecast By Solution (Hardware, Software and Services), Technology (Machine Learning, Image Processing, Natural Language Processing and Speech Recognition), Chip Type (Graphics Processing Unit (GPU), Application Specific Integrated Circuit (ASIC), Field-Programmable Gate Array (FPGA), Central Processing Unit (CPU), Others), Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Companies (Google Inc., IBM Corp., Microsoft Corporation, Baidu Inc., Xilinx, Inc., Cisco Systems, Inc., Nvidia Corporation and Intel Corporation)” provides a detailed analysis of Global Artificial Intelligence Industry.

Request a Free Sample Copy of the Report:https://www.renub.com/request-sample-page.php?gturl=artificial-intelligence-market-p.php

Solution – Global Artificial Intelligence Market has been covered from 3 viewpoints:

  1. Hardware
  2. Software
  3. Services

Technology – Global Artificial Intelligence Market has been covered from 4 viewpoints:

  1. Machine Learning
  2. Natural Language Processing
  3. Image Processing
  4. Speech Recognition

Chip Type – Global Artificial Intelligence Market has been covered from 5 viewpoints:

  1. Graphics Processing Unit (GPU)
  2. Application-Specific Integrated Circuit (ASIC)
  3. Field-Programmable Gate Array (FPGA)
  4. Central Processing Unit (CPU)
  5. Others

Region – Global Artificial Intelligence Market has been covered from 5 viewpoints:

  1. North America
  2. Europe
  3. Asia-Pacific
  4. Latin America
  5. Middle East and Africa

Company Insights:

• Overview
• Recent Development & Strategies
• Financial Insight

Company Analysis

  1. Google Inc.
  2. IBM Corp.
  3. Microsoft Corporation
  4. Baidu Inc.
  5. Xilinx, Inc.
  6. Cisco Systems, Inc.
  7. Nvidia Corporation
  8. Intel Corporation

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Workforce Management Software Market will reach US$ 10.64 Billion by 2027

In the modern era, with the advancement in technology and the growing popularity of workforce management solutions becomes an increasingly more important tool for business processes to centralize resource usage data and better plan future utilization. Workforce Management (WFM) software offers a set of integrated approaches that enable organizations to optimize their employees’ productivity. By effectively forecasting labor requirements and creating & managing staff schedules to accomplish a specific task on a day-to-day and hour-to-hour basis. Further, the increasing popularity of cloud-based solutions and the Growing Trend of AI and Machine Learning are major driving factors for the expanding penetration of smart and connected devices and the growing focus on workforce optimization, thus driving WFM software market growth. According to Renub Research, The Workforce Management Software Market will reach US$ 10.64 Billion by 2027.

Based on Deployment Type

The Workforce Management software market includes On-Premise, Cloud and Hybrid. Cloud holds the largest market share. Cloud-based solutions are automated and can provide self-service, which reduces the load of labor-intensive tasks. In addition, the on-premise software market remains important as medium-sized and large enterprises maintain workforce management and existing back-office software until contracts run out and they have an entire digital transformation strategy.

Besides, rapid adoption of workforce management in the Education, Healthcare, Retail, IT & Telecom, BFSI, Manufacturing and Government industries to reduce process times, increase customer satisfaction, and offer a high return on investment are factors supporting high growth. Key vendors also focus on strengthening their channel partner ecosystems to improve indirect sales for enhanced business growth. As per this report, Workforce Management Software Industry will grow with a CAGR of 7.82% during 2020 – 2027.

Regional Analysis Workforce Management Software Industry

North America is the leading region in adopting workforce management solutions and services by enabling effective work schedules, business processes, labor costs, and talent management. In the US, Workforce Management software is becoming increasingly important for organizations to keep their workforce motivated and organized to ensure optimal productivity, which is vital while keeping abreast of changing times. ADP INC, Huntington Business Systems, Kronos Incorporated, Nice Systems Ltd, and Oracle.

Moreover, Europe is witnessing significant investment in the deployment of workforce scheduling software, especially in the healthcare, Manufacturing, Travel & Transport, and Retail sector. The increasing deployment of cloud solutions primarily drives workforce management adoption in Germany. Increasing automation across Germany’s manufacturing sector is significantly demanding for workforce management solutions. The Workforce Management Software Market Size was US$ 6.28 Billion in 2020.

Impact of COVID-19 on Workforce Management Software Industry

COVID 19 pandemic has positively impacted the WFM software market, fostering digitization and automation across the manufacturing sectors globally. The lockdown and physical distancing mandates required to control the COVID 19 spread forced many organizations to let their employees work from home. WFH or remote work location mandates show how important it is to have an online system to manage employees in real-time and accurate information.

workforce management software industry

Key Players of WFM Software Market

Market players such as ADP INC, Huntington Business Systems, Kronos Incorporated, Nice Systems Ltd, and Oracle collaborate with key players, product innovation, acquisitions partnerships, and strengthening regional and global distribution networks. In 2021, NICE Introduces NTR-X, Next Generation Cloud-Based Compliance Solution for Omnichannel Trade Recording Management.

Renub Research latest report “Workforce Management Software Market, Global Forecast by Organization Size (Large, Small & Medium) by Application (Education, Healthcare, Retail & Ecommerce, IT & telecom, BFSI, Manufacturing and Government) by Deployment Type (On-Premise, Cloud and Hybrid) by Component (Software, service) by Region ( North America, Europe, Asia pacific, MEA, Latin America) by Companies (ADP INC, Huntington Business Systems, Kronos Incorporated, Nice Systems Ltd, and Oracle)” Provides a detailed analysis of Workforce Management Software Market.

Request a Free Sample Copy of the https://www.renub.com/request-sample-page.php?gturl=workforce-management-software-market-p.php

Organization Size–Workforce Management Software Market

  1. Large
  2. Small & Medium

Application – Workforce Management Software Market Security Services

  1. BFSI
  2. Manufacturing
  3. Healthcare
  4. Government
  5. Retail & Ecommerce
  6. IT & Telecom
  7. Education
  8. Others

Deployment Type – Workforce Management Software Market

  1. On-Premise
  2. Cloud
  3. Hybrid

Component- Workforce Management Software Market

  1. Software
  2. Services

workforce management software market size

Region – Workforce Management Software Market

  1. North America
  2. Europe
  3. Asia Pacific (APAC)
  4. Middle East & Africa (MEA)
  5. Latin America

Company Insights:

• Overview
• Company Initiatives
• Sales Analysis

Companies Covered:

  1. ADP INC
  2. Huntington Business Systems
  3. Kronos Incorporated
  4. Nice Systems Ltd
  5. Oracle

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Next Generation Sequencing Market will reach US$ 34.8 Billion by 2027

Next-generation sequencing refers to the deep, high-throughput, in-parallel DNA sequencing technologies developed a couple of decades after the Sanger DNA sequencing method first emerged in 1977. It is a massively parallel sequencing technology that offers scalability, ultra-high throughput, and high speed to determine the order of nucleotides in the entire genome. DNA pre-sequencing is one of the most significant steps in the overall sequencing protocol as it involves the preparation of the sample for the subsequent sequencing reaction. Further, the expansion of the worldwide next-generation sequencing market is majorly driven by a rise in genome mapping programs, a rise in applications of next-generation sequencing; an increase in healthcare expenditure; and technological advancements in sequencing platforms. According to Renub Research, The Next Generation Sequencing Market will reach US$ 34.8 Billion by 2027.

next generation sequencing market share by renub research

Impact of COVID-19 Pandemic

The potential advantage of NGS diagnostic technology was to determining the genetic sequence of a virus and helping scientists understand the change of the virus. Throughout the COVID-19 pandemic, government authorities worldwide are constantly working with the private sector to bring NGS technology the potential diagnostic tool within the market. In 2020, the (US FDA) United States Food and Drug Administration issued an emergency use authorized (EUA) to Illumina Inc. for the first COVID-19 diagnostic test adopting NGS technology. The FDA approved the Illumina COVID Seq Test for the qualitative detection of SARS-CoV-2 RNA.

Based on Type

Next Generation Sequencing Market includes Targeted Re-sequencing (TPS/WES), RNA-Sequencing, Whole Genome Sequencing, Chip-Sequencing, De Novo Sequencing, and Methyl-Sequencing. Targeted Re-sequencing holds the largest market share; the technology allows economic options for WGS (World Geodetic System) and facilitates the in-depth study of genomic regions. RNA-based targeted sequencing is expected to witness lucrative growth in the coming years due to the growing demand for differential expression analysis. As per this report, the Next-generation Sequencing Industry will grow with a CAGR of 22.94% during 2020 – 2027.

Moreover, in recent years, NGS has been considered the most potent tool in diagnostics and research to understand the treatment regimen for various diseases, including cancer, infectious diseases and cardiovascular diseases. In cancer diagnostics, due to the widespread adoption of liquid biopsies, there has been a significant increase in the utilization of NGS technologies. These technologies utilize cell-free circulating tumour DNA (ctDNA) as a non-invasive cancer biomarker for real-time cancer monitoring and detection.

NGS is steadily being integrated into user verticals like Academic and Research Institutes, Biopharmaceutical Industry, Diagnostics Industry, Governments Agencies, Hospitals and Clinics. The academic and Biopharmaceutical Industry dominates the NGS industry. Academic created the most significant revenue to the high usage of the next-generation sequencing platforms for basic research programs within universities and institutes. As per this study, Next-generation sequencing Market Size was US$ 8.2 Billion in 2020.

In addition, Next-generation sequencing informatics Services are used in clinical applications of NGS, technological advancements in NGS informatics tools, growing preference toward personalized medicines and early disease diagnosis, and the increasing demand for NGS services and investments by key companies.

next generation sequencing industry

The key players include Illumina, Thermo Fisher Scientific, Pacific Biosciences, Oxford Nanopore Technologies, and Roche. They were operating in the global next-generation sequencing market. In 2020, Illumina Inc. acquired GRAIL, a healthcare company focused on multi-cancer early detection, for cash and stock consideration of US$ 8 Billion upon closing of the transaction.

Renub Research latest report “Next-generation sequencing Market by Types of Test (Targeted Re-sequencing (TPS/WES), RNA-Sequencing, Whole Genome Sequencing, ChIP-Sequencing, De Novo Sequencing, and Methyl-Sequencing) by Disease (Reproductive Health NGS test , NGS Test Market (Rare Disease Diagnostics), Cancer (Risk Prediction, therapy Selection & Respose), Metabolic Immune (Diagnostic), Cardiovascular NGS Test Market, Others NGS Test Market) by Informatics (NGS Informatics Services, Primary and Secondary Data Analysis Tools, Computing, Storage, Biological Interpretation and Reporting Tools, LIMS (Laboratory Information Management System) by End User (Academic and Research Institutes, Biopharmaceutical Industry, Diagnostics Industry, Governments Agencies, Hospitals and Clinics)” provides a detailed analysis of Next-generation sequencing Industry.

Request a Free Sample Copy of the Report https://www.renub.com/request-sample-page.php?gturl=next-generation-sequencing-market-p.php

Types of Test – Next Generation Sequencing Market have been covered from 6 viewpoints:

  1. Targeted Re-sequencing (TPS/WES)
  2. RNA-Sequencing
  3. Whole Genome Sequencing
  4. ChIP-Sequencing
  5. De Novo Sequencing
  6. Methyl-Sequencing

Disease – Global Next Generation Sequencing Test Market have been covered from 6 viewpoints:

  1. Reproductive Health NGS test
  2. NGS Test Market (Rare Disease Diagnostics)
  3. Cancer (Risk Prediction, therapy Selection & Response)
  4. Metabolic Immune (Diagnostic)
  5. Cardiovascular NGS Test Market
  6. Others NGS Test Market

Informatics – Global Next Generation Sequencing Market have been covered from 6 viewpoints:

  1. NGS Informatics Services
  2. Primary and Secondary Data Analysis Tools
  3. Storage
  4. Computing
  5. Biological Interpretation and Reporting Tools
  6. LIMS (Laboratory Information Management System)

next generation sequencing market size

End User – Global Next Generation Sequencing Market have been covered from 5 viewpoints:

  1. Academic and Research Institutes
  2. Biopharmaceutical Industry
  3. Diagnostics Industry
  4. Governments Agencies
  5. Hospitals and Clinics

Company Insights:

• Overview
• Recent Development

Companies Covered:

  1. Illumina
  2. Thermo Fisher Scientific
  3. Pacific Biosciences
  4. Oxford Nanopore Technologies
  5. Roche

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Processed Meat Market will be US$ 784.87 Billion by 2027

Worldwide, the adoption of a fast-paced life has initiated a new trend of Processed Meat consumption. More extended working hour’s leaves limited time for young adults to have a home-cooked meal. So the demand for ready-to-eat and ready-to-cook meat products with better taste and quality is rising. The rising popularity of international cuisines further drives the processed Meat market. The rapid expansion of online and organized retail across the globe creates a positive outlook for the Processed Meat market. Along with this, numerous quick-service restaurant (QSR) chains, restaurants and hotels, and various retail and convenience stores offer different products that comprise processed meat as the key ingredient. The increased consumer perception and acceptance regarding the convenience of meat products thriving food sector around the world providing an impetus to the market growth. Global Processed Meat Market is estimated to grow US$ 784.87 Billion by 2027.

processed meat market share by renub research

Based on Type

The processed meat industry includes poultry, Red Meat, Seafood and Others. Poultry is expected to pose the highest growth rate due to its low cost and preferential shift toward white meat instead of red meat. According to the International Agency of Cancer Research for Cancer (IARC), consumption of red meat is likely to cause cancer in humans; therefore, awareness regarding the ill effects of red meat is fueling the demand for white meat. The frozen processed category holds a larger market share, as consumers can store the food easily, such as hot dogs; packaged products based on salami food are in great demand worldwide. According to Renub Research, Global Processed Meat Market Size was US$ 484.29 Billion in 2020.

Regional Analysis of Processed Meat Market Size

North America is one of the highest consumers of processed meat products in the world. Most people in the United States and Canada have started opting for processed meat in their daily meals. Moreover, almost all consumers are highly dependent on animal-based protein, which boosts the country’s demand for the processed meat product. The processed meat market in the Asia Pacific is expected to grow considerably in the forecast period. The availability of discount coupons, efficient advertising, and availability of a wide range of brands under one roof are the growth factors of Online Retailers, Specialist Retailers and Convenience Stores which huge demand for process meat in the country like China, India and Japan. Global Processed Meat Growth rate will be CAGR of 7.14% during 2020-2027.

global processed meat market

The COVID-19 pandemic impacted on supply chain, meat production and meat prices that caused a severe socio-economic crisis worldwide. Initially, meat and meat products’ prices increased due to less production and increased demand because of panic buying. Multiple industry players such as Hormel Foods, Tyson Foods, Conagra Foods Inc, General Mills, Nestle, and JBS SA focus on expanding their production capacity by pursuing mergers and acquisitions as a key market strategy. In May 2021, Meat Processing Giant Tyson Foods Introduces New Plant-Based Products amid Green washing Concerns.

Renub Research Latest Report “Processed Meat Market, Global Forecast, by Meat Type (poultry, Red Meat, Seafood and Other) by Processing Type (Frozen, Canned) by Distribution Channel (Online Retailers, Specialist Retailers and Convenience Stores, Independent Retailers, Supermarket/ Hypermarket) by Region (North America, Europe, Asia Pacific, ROW) by Key Players Analysis (Hormel Foods, Tyson Foods, Conagra Foods Inc, General Mills, Nestle, and JBS SA)” studies the Global processed meat industry. The report also comprises qualitative factors such as drivers, restraints, and opportunities.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=processed-meat-market-p.php

Meat Type- Global Processed Meat Market have been covered from 4 viewpoints

  1. Poultry
  2. Red Meat
  3. Seafood
  4. Other

Processing Type – Global Processed Meat Market have been covered from 2 viewpoints

  1. Frozen
  2. Canned

Distribution Channel – Global Processed Meat Market have been covered from 5 viewpoints

  1. Online Retailers
  2. Specialist Retailers
  3. Convenience Stores
  4. Independent Retailers
  5. Supermarket/ Hypermarket

processed meat market size

Region – Global Processed Meat Market have been covered from 4 viewpoints

  1. North America
  2. Europe
  3. Asia-Pacific
  4. Rest of World

Company Insights:

• Overview
• Recent Development
• Revenue Analysis

Company Analysis:

  1. Hormel Foods
  2. Tyson Foods
  3. Conagra Foods Inc
  4. General Mills
  5. Nestle
  6. JBS SA

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