Application Transformation Market Size Worth $17.9 Billion By 2027

The global application transformation market size is expected to reach USD 17.95 billion by 2027, expanding at a CAGR of 10.4%, according to a new study conducted by Grand View Research, Inc. Growing digitalization initiatives among industries, rising penetration of cloud computing technology, and increasing demand for scalability are aiding the market growth. Moreover, the constant need to keep the applications updated with upcoming technologies and improve the Return on Investment (ROI) will also increase the utility of these services in coming years.

Application transformation helps enterprises to reduce the number of applications within an enterprise and move applications to the cloud so as to meet government regulations and update compliance. Moreover, application transformation solutions aid IT departments to address the social media usage in enterprises and growing use of mobile computing. Presently, the IT companies and vendors are collaborating and partnering to offer digital transformation solutions to the industries worldwide. For instance, in April 2020, Tech Mahindra Ltd., an IT services provider company, collaborated with IBM to form technology innovation centers to help digital transformation for its customers. The innovation centers will help address complex business problems across industries, including financial services, insurance, telecommunication, manufacturing, retail and healthcare. Moreover, Tech Mahindra Ltd. will assists its clients migrate its main business applications to the IBM public cloud utilizing IBM Cloud Paks.

Prominent vendors in the market such as IBM Corporation, Microsoft Corporation, and Accenture Plc., are instrumental in helping clients to plan their transformation journey with in-house services capabilities, application portability, and flexible pricing options. Moreover, the evolving technologies will aid in automating the operational and managerial processes, seamless integration capabilities, and improve overall customer experience. However, high implementation and management costs are some of the challenges that might impede the growth of the market over the forecast period. Besides, recent outbreak of COVID-19 disease across the world is likely to slow down the growth of the market temporarily.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/application-transformation-market

Further key findings from the report suggest:

  • UI Modernization segment is predicted to expand at the highest CAGR over the forecast period owing to increasing need to improve customer experience, scalability and reliability, better security, and fast data accessibility
  • Growing implementation of application transformation solutions among SMEs in developing regions such as South Asia and Latin America is likely to boost the market growth over the forecast period
  • The healthcare end-use segment is expected to expand at the highest CAGR over the forecast period owing to accelerating adoption of digital technologies in the sector. Moreover, AI-enabled medical device, blockchain electronic health records, and telemedicine are some of the technological innovations/trends which will make application modernization a necessity in healthcare sector
  • Asia Pacific is expected to emerge as the fastest-growing region owing to the increasing focus of SMEs and large enterprise to enhance their digital initiatives. The presence of major cloud enterprises such as IBM with their establishment of cloud computing hubs in India, China, Vietnam, and South Korea, is likely to boost the growth

Electric Vehicle Battery Thermal Management Systems Market Worth $12.1 Billion By 2027

The global electric vehicle battery thermal management systems market size is expected to reach USD 12.1 billion by 2027, registering a CAGR of 28.5% from 2020 to 2027, according to a new report by Grand View Research, Inc. Thermal management systems are used in electric vehicles (EVs) for maintaining the heating temperature of the batteries used in these vehicles. These batteries provide power to the motors for the traction of the vehicle and therefore, the vehicle movement is entirely dependent on battery health. Hence, the need to control the battery heat becomes critical for the seamless operation of EVs.

Stringent government regulations have been observed in various nations for controlling the carbon emissions from the vehicles. Also, governments are taking initiatives to boost the adoption of EVs. For instance, the Chinese government has waived off the purchase taxes on EVs till 2020. In addition, most of the countries are planning for a complete transformation from Internal Combustion Engine (ICE) vehicles to battery EVs. As a result, the sales of new and more efficient EVs have increased. This trend is expected to fuel the growth of the overall market in the coming years.

Automobile manufacturers across the globe are increasingly investing in R&D to develop new methods and systems for maintaining & controlling the battery temperatures. For instance, in 2019, Robert Bosch GmbH announced a cloud-connected software service for battery management, which is capable of monitoring and managing the electric battery remotely. Such innovations and developments are projected to bolster the market growth.

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https://www.grandviewresearch.com/industry-analysis/electric-vehicle-battery-thermal-management-systems-market

Further key findings from the study suggest:

  • The passive segment held the largest revenue share of over 78% in 2019. This growth was credited to the benefits offered by these systems including low cost and ease of installation in the vehicle
  • The active segment is expected to register the highest CAGR from 2020 to 2027 owing to the benefits of these products, such as enhanced efficiency and improved battery life
  • Passenger vehicles segment accounted for the majority share in 2019 primarily owing to the high penetration of EVs in this segment
  • The commercial segment is expected to expand at steady a CAGR over the forecast period due to the increasing demand for battery-powered buses and lightweight trucks
  • Asia Pacific is expected to be the largest as well as fastest-growing regional market from 2020 to 2027 owing to the highest production and adoption of EVs in the region

Elastography Imaging Market Worth $3.5 Billion By 2026

The global elastography imaging market size is expected to reach USD 3.5 billion by the end of 2026, according to a new report by Grand View Research, Inc., registering a 7.8% CAGR over the forecast period. Increasing incidence of breast cancer and chronic liver disorders is expected to significantly drive the market. Additionally, increasing demand for minimally-invasive procedures and ongoing studies to assess the potential applications of elastography are factors expected to contribute toward rapid growth.

Currently elastography has wide applications in assessing breasts, thyroid, prostate, and liver. Increasing number of ongoing studies are expected to increase its applications in diagnosis of various conditions such neurodegenerative disorders and chronic kidney diseases. It has shown promising results for its use in assessment of kidney health during and after transplantation.

North America dominated the market in 2018 and is expected to continue its dominance during the forecast period. The elastography imaging market growth observed in the region is due to the presence of a large number of global players, along with high adoption rate for advanced imaging techniques.

Growing strategic alliances among players for development and distribution of products is expected to propel the market during the forecast period. Moreover, development of new surgical centers in different locations will increase the adoption of advanced imaging systems.

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https://www.grandviewresearch.com/industry-analysis/elastography-imaging-market

Further key findings from the report suggest:

  • In 2018, non-cold chain logistics held the largest market share in terms of revenue owing to the sales of a large number of drugs that do not require any temperature control
  • Cold chain logistics segment is expected to register the faster CAGR over the forecast period owing to the demand for biologics, such as cellular therapies, vaccines, and test kits
  • Warehousing and storage held the largest market share among the types of services in 2018
  • Asia pacific expected to emerge with the fastest CAGR over the forecast period owing to adoption of medicines from aging population and shift of drug sales from brand manufacturers to generic
  • Key players operating in the biopharmaceutical third party logistics market include DHL International GmbH., SF Express, United Parcel Service of America, Inc, AmerisourceBergen Corporation, DB Schenker, Kuehne and Nagel, Kerry logistics network limited and AgilityBy modality, the ultrasound segment is predicted to register significant growth during the forecast period owing to advantages such as low price, accessibility, and high degree of measurement for tissue deformation
  • On the basis of end use, the hospital segment is anticipated to hold the largest share in the market during the forecast period due to rising number of ultrasound and MRI-based elastography procedures and growing trends of hospital-based imaging facilities
  • By way of application, the radiology domain is predicted to hold a large share in the market over the forecast period owing to increase in demand in image-guided radiotherapy and radiology ultrasound
  • Asia Pacific is anticipated to witness lucrative growth during the forecast period due to improving healthcare facilities and rising geriatric population who are prone to developing targeted disorders
  • Major players in the elastography imaging industry are focusing on growth strategies such as partnerships, collaborations, mergers, and acquisitions. Some of the leading players are Esaote SpA; Canon Medical Systems Corporation; Koninklijke Philips N.V.; Hitachi, Ltd.; GE Healthcare; Mindray Bio-Medical Electronics Co., Ltd.; Siemens Healthineers; Toshiba America Medical Systems, Inc.; and Samsung Medison Co., Ltd.

Ophthalmic Knife Market Size Worth $2.4 Billion By 2026

The global ophthalmic knives market size is expected to reach USD 2.4 Billion by 2026, as per a new report by Grand View Research Inc. It is projected to register a CAGR of 4.9% during the forecast period. Introduction of advanced knives and rising incidence of age related ophthalmic diseases are some of the major factors driving the growth.

Increasing overall life expectancy and rising geriatric population is expected to cause steep increase in age related ophthalmic disorders. Along with these, incidence of lifestyle associated ophthalmic devices including myopia and hypermetropia are expected showcase significant growth during the forecast period. Most of these ophthalmic conditions cannot be treated by drugs. Increasing number of ophthalmic surgeries are expected to boost the market during forecast period.

High competition and introduction of local players are the factors encouraging market players to introduce advanced knives at affordable prices. Major players are focusing on developing innovative manufacturing techniques along with advanced raw materials to reduce the device price.

Incorporation of new reimbursement policies in developed countries along with growing efforts of non-profit organizations to increase awareness about ophthalmic conditions and to provide affordable/free ophthalmic procedures in rural regions are the factors expected to boost the number of ophthalmic surgeries.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/ophthalmic-knives-market

Further key findings from the report suggest:

  • North America captured the largest ophthalmic knife industry share in 2018 owing to favorable reimbursement policies, presence of major market players, and rise in geriatric population
  • Straight knives segment is anticipated to expand at a CAGR of 4.10% during the forecast period owing to fine design, durability, and sharpness of the knives
  • Slit knives segment is also expected to register lucrative CAGR in near future owing to extensive use for entry in anterior chamber/phaco stab incision (single bevel) in eye-related surgeries
  • Single-use/disposable knives segment is expected to witness significant growth over the forecast period due to features such as safety and affordability
  • The key players profiled in the ophthalmic knife market comprise Alcon, Inc.; Hoya Corporation; Essilor; Topcon Corporation; Hai Laboratories, Inc.; Bausch and Lomb Incorporated; MANI Inc.; Seiko Optical Products Co., Ltd.; Nidek Co., Ltd.; Ziemer Group; Alltion; and DGH Technology

Surgical Blades Market Worth $181.20 Million By 2026

The global surgical blade market size is anticipated to reach USD 181.2 million by 2026, as per a new report by Grand View Research, Inc., exhibiting a CAGR of 3.6% over the forecast period. Increase in surgeries due to increase in number of accidents, coupled with a growing geriatric population prone to various disorders, is currently driving the market. Moreover, increase in number of surgeons at a global scale is also propelling the demand for surgical blades.

Several key players are investing in R&D to launch new and innovative products. Increase in individual disposable income & standard of living, and growth in awareness regarding modern surgical procedures are other factors increasing the number of medical procedures. Increase in trauma cases and other disorders, such as cancer, which require surgery, is further augmenting demand for surgical blades. Furthermore, availability of these blades in various shapes and sizes for surgical intervention in multiple illnesses is driving the overall market.

With a wide range of procedures in healthcare, more patients are willing to undergo new treatments due to improving affordability and feasibility. Stainless steel blades are increasingly preferred due to features such as cleaner incisions, superior cutting, and numbering of scalpel handles. Being low-risk medical tools, these products do not need strict regulatory processes, which encourages and eases product launches.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/surgical-blades-market

Further key findings from the report suggest:

  • Surgical blades come in a variety of forms, enabling surgeons and medical staff to choose the right blade for a medical procedure
  • By product, stainless steel blades are expected to lead market over the forecast period, due to better anti-corrosion properties. They are more suitable for procedures involving large volumes of saline solution and multiple incisions
  • By material, sterile blades are expected to dominate the market since they can provide a sharp cutting edge for high efficiency, enabling cleaner incisions and superior cutting
  • By end use, hospitals segment accounted for a share of over 40.0% and is expected to grow at a CAGR of 3.7% over the forecast period
  • Some key players of surgical blades market are Swann-Morton Limited; PL Medical Co.; Hill-Rom, LLC; Beaver-Visitec International; VOGT Medical; Hu-Friedy Mfg. Co., LLC; B. Braun Melsungen AG; and Surgical Specialties Corporation.

Plastic Surgery Instruments Market Size Worth $1.9 Billion By 2026

The global plastic surgery instruments market size is expected to reach USD 1.9 billion by 2026, according to a new report by Grand View Research, Inc, exhibiting a CAGR of 8.8%. Increasing number of surgical procedures coupled with technological advancements is anticipated to drive the market. Moreover, increasing awareness about plastic or reconstructive surgeries and improving affordability of related healthcare services are expected to aid growth over the forecast period.

Several key players are investing on R&D to launch innovative products. Moreover, rise in disposable income, improvement of standard of living, high social media influence, and increase in awareness among people are some of the factors boosting the number of surgical procedures. Plastic and reconstructive surgeries are performed mainly to restore tissue function and improve the body’s appearance caused by trauma, burns, birth disorders, or any other disease.

According to WHO, 10 million people are injured or disabled due to road accidents every year, leading to extensive wound surgeries. This is expected to increase the number of plastic surgeries. The number of breast augmentation procedures has also increased by 4.3%, from 313,735 procedures in 2018 to 300,378 procedures in 2017. In addition, women with implants are also required to undergo additional surgeries due to complications such as leakage, scars, or shift of implants. High cost of implants coupled with rising demand is propelling demand for surgical instruments for breast procedures, thereby driving the overall market. Moreover, with rising healthcare expenditure in emerging economies, the number of plastic and cosmetic surgeries has increased to enhance aesthetic appeal, thus driving growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/plastic-surgery-instruments-market

Further key findings from the study suggest:

  • North America accounted for largest share owing to favorable reimbursement policies, presence of key local market players, and government initiatives
  • Asian countries are estimated to show the highest growth rate of over 12%, due to rising technological advancements, increasing investments, improving reimbursement scenario, and growing medical tourism
  • Handheld surgical instruments dominated the products segment with over 70% share in 2018 driven by easy availability and high use of these instruments in invasive and minimally invasive surgeries
  • Some of the key companies of plastic surgery instruments market are Sklar Surgical Instruments; Zimmer Biomet holdings, Inc.; B. Braun Melsungen AG; Blink Medical Ltd.; Bolton Surgical Ltd.; Integra Life Sciences; Karlz Storz; and Anthony Product, Inc.

Security Analytics Market Size Worth $21.52 Billion By 2027

The global security analytics market size is expected to reach USD 21.52 billion by 2027, registering a CAGR of 14.6% from 2020 to 2027, according to the new study conducted by Grand View Research, Inc. Increasing demand to accelerate the investigation process for detecting advanced threats in the network layers is a key factor contributing to the market growth. Detecting advanced level threats helps enterprises to reduce the impact of cyberattacks and provides the ability to the security and risk professionals to respond to the threats at a faster rate.

Furthermore, increasing instances of advanced level cyberattacks across public and private enterprises are anticipated to boost the market growth. The advanced level threats are multi-vector and multi-staged in nature that silently attack and damage all the layers. Thus, it becomes essential for the enterprises to adopt analytics-based security solutions to detect all the multiple events of threats occurred at multiple stages.

Furthermore, demand for advanced detection and threat hunting capabilities among security and risk professionals is growing at a significant rate. The advanced detection capabilities include technologies such as machine learning (ML), predictive analytics, and data science concepts that identify anomaly behavior of threats. The technologies analyze and filter a vast amount of data collected from multiple security devices, network layers, audit files, sensors, platforms, and other traditional security log files in real time. After analyzing, the solution alerts to the security professionals or security forensics team about any potential malicious activity, and thus it helps them in threat hunting. Additionally, as cybersecurity vendors release updated analytics-driven security solutions with improved threat intelligence and detection techniques, the adoption of security analytics increases for threat incident mining.

The security and risk professionals find difficulties in managing compliance requirements with the changing technological landscape and rising security risks in organizations. Complying with government regulatory requirements and industry regulations, such as HIPAA, PCI-DSS, and GDPR, has become a standard measure for achieving data security among organizations. Failing to comply with such stringent standards can expose organizations to hefty penalties and cyber threats. As a result, enterprises are investing in analytics-based security tools or platforms to complement their existing cybersecurity measures and help them in meeting compliance requirements easily.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/security-analytics-market

Further key findings from the study suggest:

  • On the basis of offerings, the solutions segment accounted for the largest market share in 2019 owing to increase in demand to manage stringent government and industry compliance requirements, coupled with identification and detection of advanced cyber threats and hidden malware in networks infrastructures
  • By application, the network security analytics segment is expected to witness significant growth in future owing to increasing demand to analyze end users and application traffic passed across a network layer
  • Based on organization size, the large enterprise segment held the largest revenue share in 2019 owing to rise in big data across all the network layers, increasing usage of cloud-based deployments, and BYOD trends, along with complying industry standards
  • By industry vertical, the healthcare sector is expected to emerge as the fastest growing segment with a CAGR of 16.7% over the forecast period
  • North America held the largest market share in 2019 and is anticipated to dominate the market over the forecast period.

Inkjet Printer Market Size Worth $50.99 Billion By 2027

The global inkjet printers market size is expected to reach USD 50.99 billion by 2027, registering a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. The increasing adoption of inkjet printers among photographers and magazine manufacturers is expected to drive the market growth. Inkjet printers used in photography applications offer various multifunctional features, including different colors and combinations and no pixel split, among others. These printers also offer photographers the ability to print on any substrate.

Packaging and publishing industries are driven by extensive usage of inkjet printers. Based on the type of industry, they offer high – speed printing with quick – drying ink and require less ink as compare to the conventional printers. Moreover, the desired print design can be stored in digital format in place of a stereotype. Besides, the increasing effectiveness and efficiency of these printers facilitate the workflow for printing applications in the packaging and publishing industries.

The escalating demand for large format printers in packaging, textile, and advertising industries, is expected to be one of the strongest growth boosters for the market growth. The textile industry uses large format printers to print large as well as small designs on t – shirts, dresses, and promotional wears garments. Besides, increasing printing speed integrated with sustainable ink technologies is propelling the large format printer market growth in the textile industry. Furthermore, the growing trend of adopting large format printers for professional photo printing and poster printing in an advertisement in the North America region remain growth – contributors for the regional as well as global growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/emerging-inkjet-printing-market

Further key findings from the report suggest:

  • The market is anticipated to witness substantial growth during the forecast period, owing to the rising adoption in various industries, including healthcare, education, and textile
  • The multifunctional printer segment accounted for the largest market share in 2019, owing to high – speed, multifunctional capability, Wi – Fi connectivity, and flexibility to print, scan, and fax, among others
  • Drop on Demand (DOD) is expected to emerge as the fastest – growing segment by 2027, ascribed to the benefits offered in terms of reduced downtime and functionality, thereby increasing its adoption across industrial applications, including printing onto packaging products, concrete, and wooden
  • Asia Pacific is anticipated to emerge as the fastest – growing region, owing to the presence of a large number of vendors/manufacturers offering inkjet printers in the region
  • New product development and expansion remains the major strategy adopted by the leading product manufacturers

Digital Video Advertising Market Size Worth $292.4 Billion By 2027

The global digital video advertising market size is anticipated to reach USD 292.4 billion by 2027, exhibiting a CAGR of 41.1% over the forecast period, according to a new report by Grand View Research, Inc. The fusion of big data analytics with advertising offers promising growth prospects to the market due to the generation of vast volumes of user data. The vast amount of data has enabled marketers to carefully analyze user data and showcase specially curated advertisements according to the viewing trends of audiences. Additionally, the integration of analytics tools in advertisement platforms enables advertisers to analyze the effectiveness of advertising campaigns and thus make relevant changes as and when required.

Blockchain technology is expected to offer exciting growth prospects to advertisers in the future. Blockchain, being a secure distributed ledger, provides the ability to safely track audiences, path, budget spend, and conversion rates to network participants only. A buyer can buy an impression, which is verified by the publisher, and only then can it be added to the ledger. The implementation of blockchain technology enables everyone in the chain to see impression events, validate, and approve the changes made by individuals to create a more transparent marketplace.

Further, the fusion of cloud computing technology with digital video advertising provides promising growth to the sector, owing to the former’s enhanced ability to distribute dynamic and interactive advertisements to brands and marketers efficiently. An ad-based cloud platform helps brands and marketers to optimize spend across several channels. Cloud-based supply-side platforms enable advertising agencies to efficiently produce and offer various video advertisements to its clients, based on their needs and requirements. Furthermore, cloud-based platforms are also expected to facilitate the creation of personalized ads via an original optimization product.

The induction of Augmented Reality (AR) technology in digital marketing techniques offer promising growth prospects to the digital video ad market, owing to the ability of the technology to provide better inter-personal experience to viewers. The immersive nature of technology enables marketers to create deeper connections with audiences to portray a better brand image, which is essential in driving sales. Additionally, deploying AR-enabled advertisements offers more cost-effective options to brands and agencies as compared to traditional print media corporations. AR technology-based advertisements can offer marker-based and location-based advertisements, which further allow companies to practice hyperlocal advertising methods and consequently boost sales outcomes.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/digital-video-ad-market

Further key findings from the study suggest:

  • The mobile segment is envisioned to witness the highest CACR over the forecast period due to the incrementing penetration of smartphones and its ability to play video ads in several formats
  • The retail segment is expected to capture the significant CAGR over the forecast period owing to the rising trend in the usage of internet-based buying platforms by individuals
  • Asia Pacific is expected to emerge as the fastest-growing regional digital video ad market due to the availability of low-cost internet plans and rising usage of subscription-free media streaming platforms.

Scooters Market Size Worth $33.58 Billion By 2030

The global scooters market size is expected to reach USD 33.58 billion by 2030, at a CAGR of 0.1% over the forecast period, according to a study conducted by Grand View Research, Inc. Declining raw material prices, the growing adoption of electric scooter sharing service, and rising consumer awareness towards eco-friendly transportation is projected to fuel the market growth. As the automotive industry is evolving, the uncertainties over the adoption of electric scooters related to the lack of charging infrastructure in developing economies are gaining prominence. It is forcing the manufacturers to undertake strategies to make design and specification alterations in line with the consumer’s expectations to comprehend the full potential of the evolving electric two-wheeler industry. Hence, the introduction of home charging solutions, battery swapping stations, and product-related innovations have boosted the revenue growth in the market for electric scooters over the past two years and is projected to continue a proliferated trend over the next eleven years.

The role electric scooters is portrayed in meeting the standards for zero-emissions is contributing significantly to reducing the carbon emission gap by 2025. The consumption of electricity in these vehicles can be managed with proper energy and power infrastructure planning, which is further mitigated by evolving technologies such as solar-powered vehicles and vehicle-to-grid technologies.

In addition, the key players are focusing on innovations to expand their reach. For instance, Gogoro, Inc. is offering its customers battery-swapping network to offset the cost of purchasing an electric scooter by removing the battery, which accounts for around 35% to 50% of the entire vehicle cost. Furthermore, the charging system manufacturers are collaborating with automakers and researchers to develop strategies that can facilitate scooters access to clean energy from renewable sources such as solar power, wind energy, among others, thus influencing the market growth over the forecast period.

Asia Pacific dominated the market in 2019 and is projected to continue its dominance over the forecast period. Most of the players manufacturing scooters belong to China, Japan, South Korea, and India. These players generate revenue by selling their products internationally, either through their distribution channel or through the OEM channel. The role of governments of various economies such as India, China, and Japan, in setting up standards and regulations for vehicle charging infrastructure, is anticipated to have a positive impact on the regional market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/scooters-market

Further key findings from the report suggest:

  • The normal scooters segment is expected to dominate the overall market owing the easy availability of petrol, striking mileage, and safe long-distance drive established scooters as an everyday commuter vehicle. The segment is expected to reach USD 31.99 billion by 2030
  • The conventional electric scooters segment is expected to dominate the segment and the trend is expected to continue over the forecast period. The segment is anticipated to reach USD 1.16 billion by 2030. A lower-priced conventional scooter would incur fewer expenses and lower Total Cost of Ownership (TCO) compared to a normal scooter
  • Asia Pacific is projected to account for the majority share of the market over the forecast period. Fluctuating fuel price and air pollution caused by gas emissions have encouraged the regional demand for electric scooters, which is projected to drive the regional market