Data Center Colocation Market Size Worth $104.77 Billion By 2027

The global data center colocation market size is expected to reach USD 104.77 billion by 2027, expanding at a CAGR of 12.9% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Colocation is the practice of renting infrastructure and space for servers and various storage devices at a third-party provider’s facility. Colocation providers provide enterprises with infrastructure, along with other related services, such as physical security, networking, and power and cooling components. Reduction in the overall IT cost, enhanced security for the data, free maintenance of servers, and predictable yearly or monthly costs are motivating enterprises to adopt colocation services.

Rising adoption of online shopping is anticipated to upkeep the market growth over the next few years. Rising number of online shoppers directly translates to an increased volume of data across the retail industry. Large volume of data has led to increased investments in IT infrastructure, especially in data centers. In order to save IT costs, more and more retailers are opting for colocation centers, which is driving the market in the retail sector.

Increasing number of smartphone users has led to a large volume of data for telecom operators to manage. Considering the rising disposable income in developing economies, the number of smartphone users is bound to rise, which will result in additional volume of data. Telecom operators are opting for colocation centers to minimize their IT expenditure and manage data efficiently, thus fueling the market growth. However, security concerns among customers can hinder the market growth over the forecast period. Colocation providers are offering additional services such as facility monitoring over CCTV cameras to gain the trust of their customers.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/data-center-colocation-market

Further key findings from the report suggest:

By colocation type, the wholesale segment is projected to expand at the fastest CAGR of 16.2% over the forecast period as global companies, such as Microsoft Corporation and Oracle Corporations, are renting wholesale colocation centers for their servers
On the basis of enterprise size, the SMEs segment is expected to expand at the fastest CAGR of 15.5% from 2020 to 2027. This is due to the cost reduction benefits offered by colocation providers for SMEs that rely on digital infrastructure for their business growth
Based on end use, the IT and telecom segment held the largest market share of 26.58% in 2019.This is attributed to escalating number of mobile internet users, which has led to a rise in the volume of digital data
The market is characterized by intense competition owing to the presence of several large organizations. Key players in the market are focused on expansion of their geographical presence to sustain competition.

Virtual Client Computing Software Market Worth $46.85 Billion By 2027

The global virtual client computing software market size is expected to reach USD 46.85 billion by 2027, registering a CAGR of 23.0% from 2020 to 2027, according to a new report by Grand View Research, Inc. The need to increase employee productivity, cost saving to ease economic pressure on businesses, and need to enhance security and simplify management are some major factors driving the market. Virtual Client Computing (VCC)solves various issues related to security by providing data management capabilities, securing the network from cyber-attacks, and faster processing speeds, necessary for the IoT adoption in devices. Furthermore, the adoption of BYOD policy in the organizations is anticipated to drive the market growth for VCC.

Increasing network infrastructure complexity and requirement of huge capital investment to set up new network infrastructure are boosting the demand for virtual client computing software. The growing data bandwidth requirements and the increasing usage and adoption of hand-held devices for the enterprise use are boosting the demand for more virtual cloud-based solutions. VCC software allows access to enterprise’s data to authorized users without restrictions of user location and makes it an ideal platform for authorized access of data on personal devices.

In this competitive environment, companies are focusing on enhancing employee productivity at workplaces by using various software and tools, particularly virtualization solutions. Employees who use such tools can safely access their corporate virtual data and desktops from a remote location. Such solutions offer host of benefits such as boost in productivity for organizations, less labor-intensive work for IT administrators for system management, and better accessibility for employees.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/virtual-client-computing-software-market

Further key findings from the report suggest:

The Virtual Desktop Infrastructure (VDI) solution segment is anticipated to grow at a faster pace over the forecast period. There is an increasing trend of using apps, mobile devices, and various collaboration tools to connect with other teams across platforms, geographies, and devices
Post the implementation of VCC software solutions, it is required in virtual solutions to regularly update the solutions. This is expected to drive the demand for the support and maintenance services over the forecast period
The hosted deployment segment is anticipated gain momentum as it offers businesses with benefits such as increased efficiency, cost benefits, and improved productivity, and allows to set up virtual office, while giving the flexibility of connecting to business anywhere
The small and medium enterprises segment is expected to witness significant growth over the forecast period as they are largely adopting cloud-based solutions at affordable prices without the need to constantly upgrade or replace the systems
The healthcare segment is expected to witness phenomenal growth from 2020 to 2027 owing to the ongoing trend of digitalization of healthcare processes, which drive the demand for VCC
The market in Asia Pacific is anticipated to expand at a significant CAGR during the forecast period. The presence of emerging economies and increasing adoption of VDI in BPOs and data centers are fueling the adoption of VCC solutions and services across several verticals

Heat Exchanger Market Worth $25.5 Billion By 2027

The global heat exchanger market size is anticipated to reach USD 25.5 billion by 2027, expanding at a CAGR of 6.1%, according to a new report by Grand View Research, Inc. Growing demand for energy in HVAC and refrigeration, power generation, and chemical industries, especially in developing economies including India, Brazil, and China anticipated to complement the market.

Energy infrastructure expansion coupled with increasing demand from the power generation sector is projected to drive the market. The market is characterized by technological innovation along with a rising focus to improve efficiency standards. These factors are likely to lower total ownership costs and increase the durability and efficiency of the exchangers over the coming years.

Heat exchangers are used in the manufacturing of chemicals in the chemical industrial production. In an industrial process, the device is used for cooling, heating, and mixing a substance at a temperature. The rapid expansion of the chemical industry is expected to act as a major factor in steering market growth.

The industry rivalry is expected to be high over the forecast period owing to the presence of numerous competitors of equal size and market share. The market is fragmented in nature with many major companies. Generic strategies employed by these companies include production capacity expansion and new technology innovation.

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

Further key findings from the report suggest:

The shell and tube segment accounted for the market share of 35.9% in 2019 on account of increasing demand of product in numerous end-use industries including chemical, power generation, and oil and gas
The chemical end-use segment is expected to grow with a robust pace, registering a CAGR of 6.5% from 2020 to 2027 owing to rapid expansion in the chemical industry in Asia specifically in China and India
In Europe, the market was valued at USD 7.34 billion in 2019 and projected to have a moderate growth over the forecast period owing to growth in the chemical industries and rise in demand of power generation
Asia Pacific is anticipated to emerge as the fastest growing regional segment accounting for over 30.3% by 2027 owing to the increasing construction activities along with increase in chemical industries and rise in demand for energy in the region
Key players in the market are focusing on several strategies including new product developments, expansions, partnerships, and joint ventures

5G Testing Equipment Market Size Worth $3.23 Billion By 2027

The global 5G testing equipment market size is estimated to reach USD 3.23 billion by 2027, according to the new report by Grand View Research, Inc., expanding at a CAGR of 8.8% from 2020 to 2027. Rapidly escalating demand for smartphones, along with higher internet speeds, has resulted in vigorous manufacturing of 5G-enabled smartphones across the globe, which is propelling the market growth.

Applications of fifth generation technology continue to expand at a steady pace on account of increasing usage of IoT and connected devices. Besides, surging availability of large data centers makes it convenient to use 5G testing equipment for the deployment of fifth generation technology. The commercialization of fifth generation technology began most recently in 2019, thereby creating an opportunity hotspot for these devices in the upcoming years. Market penetration of fifth generation technology in specific sectors such as automotive, entertainment, medical, construction, and security is increasingly creating demand for 5G testing equipment. Continuously evolving research & development of these devices to make them more application-oriented and industry-compliant is anticipated to drive the market over the forecast period.

Hyper-connectivity of the world is one of the prime factors fueling the demand for 5G testing equipment. Increasing utilization of connected devices in emerging economies, such as China and India, continues to create data traffic in a network, thereby enforcing the need for establishing a more efficient and secure network. Escalating demand for data traffic control is anticipated to propel the fifth generation technology, which will consequently lead to exponential growth in the market. Furthermore, connectivity needs in smartphones, wearable devices, connected cars, smart home devices, and other consumer electronic devices are likely to augment the demand for 5G testing equipment. High speed of fifth generation technology and availability of wireless and wired technology are potential factors for easing the connectivity process. On the contrary, associated cost and technical issues due to multiple carrier involvement are considered the key restraints of the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/5g-testing-equipment-market

Further key findings from the report suggest:

North America accounted for the largest market share in 2019 owing to the early adoption of the fifth generation technology
By equipment, the signal and spectrum analyzers dominated the market in 2019 due to its fast and simple signal analysis, along with its ability to capture and analyze phase-related information of the signal
Major market players in China, Japan, and South Korea are expected to focus on deploying fifth generation network infrastructure for the media and entertainment, transportation and logistics, healthcare, manufacturing, among other industry verticals.

Data Center Transfer Switches And Switchgears Market Worth $4.2 Billion By 2027

The global data center transfer switches and switchgears market size is anticipated to reach USD 4.2billion by 2027, expanding at a CAGR of 7.8%, according to a study conducted by Grand View Research, Inc. The growth of the market is attributed to the benefits offered by electrical devices such as protecting and isolating the electrical equipment that are directly linked to the electrical supply of the data centers. Moreover, transfer switches and switchgears, switch from primary source to back up supply like a UPS, and generators, thus allowing uninterruptible power supply operation in the datacenters.

Furthermore, volume of data to be stored in data centers has been increasing owing to the rise in cloud computing, mobile usage, and the evolution of the internet of things. Thus, datacenter operators need to function without interruption of power in order to prevent the loss of data. Moreover, the electrical devices ensure reliable power distribution throughout the data center and are responsible for handling utility as well as backup power supply. Thus, owing to the aforementioned factors the market is expected to witness significant growth over the forecast period.

Additionally, the companies operating in the market are focusing on offering advanced features to the equipment. However, companies like Eaton, Legrand, and ABB, are focused on introducing features like real time voltage monitoring, bypass isolation, evaluating load on the system, and identifying reserve capacity. These features ensure switchgears and transfer switches to switch faster between the backup and utility power based on the varying load conditions and power outages. Such advancements minimize the downtime and ensure continuous operation of the datacenter which is thereby expected to drive the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/data-center-transfer-switches-and-switchgears-market

Further key findings from the report suggest:

High adoption of low voltage switchgears and automatic transfer switches is expected to drive the market
Asia Pacific is anticipated to witness a CAGR of more than 9.0% during the forecast period owing to the increase in the construction of datacenters. North America dominates the market with highest market share
The key market players are focused on forming mergers and acquisitions, for example in January 2020 Siemens announced its plans to acquire C&S Electric Ltd., which is an electronics manufacturer based in Delhi, India. This acquisition will help Siemens bolster its presence in low voltage switchgear market in India.

Thermal Spray Coatings Market Size Worth $13.6 Billion By 2027

The global thermal spray coatings market size is expected to reach USD 13.6 billion by 2027, expanding at a CAGR of 3.9%, according to a new report by Grand View Research, Inc. Increasing demand from the aerospace, industrial gas turbines, and a few other application industries is expected to propel market growth. Moreover, the growing demand for corrosion-resistant coatings from these sectors is expected to be a key driver for the market.

Thermal spraying is used to improve or restore the surface of a solid material. It can also be used for applying coatings to a wide range of components and materials for better resistance against cavitation, wear, abrasion erosion, and heat. In addition, it is used for providing insulation or electrical conductivity, chemical resistance, lubricity, sacrificial wear, high or low friction, and several other properties to the coated surfaces. These coatings have the high-potential market opportunities on account of their properties, such as biocompatibility, cavitation resistance, and aesthetic appeal. Increasing oil and gas exploration activities, particularly in the Asia Pacific, coupled with upcoming shale gas explorations across the globe are expected to fuel the demand further. There are several regulations governing the market.

These regulatory standards define thermal-spray processes for machinery element repair of ferrous and non-ferrous substrates. Medical is expected to be the fastest-growing application segment on account of increasing application scope of thermal spray coatings in the biomedical sector. These coatings help extend the shelf life and improve the performance of dental implants and orthopedic implants. The advantages of using such coatings in the biomedical sector include superior wear and corrosion resistance and bone bond enhancement. Asia Pacific is expected to be the fastest-growing regional market on account of increasing vehicle production along with rapid economic growth in China, India, and Japan, Indonesia, South Korea, and Thailand.

Further, the recent outbreak of COVID-19 has disrupted supply chains and sharply curtailed product demand. Restriction in transportation and supply due to slowdown or halting of factories and partial or nationwide lockdowns in several countries in order to restrain the spread of the pandemic is expected to negatively impact market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/thermal-spray-coatings-market

Further key findings from the report suggest:

Aerospace application segment led the market accounting for a revenue share of 32.3% in 2019 and is projected to maintain its dominance during the forecast period
In the U.S., the market is anticipated to reach USD 3.8 billion by 2027 owing to the presence of key manufacturers and suppliers in the country
The market is highly competitive in nature with the presence of a number of global medium- and small-scale companies
Key companies engage in strategies, such as mergers and acquisitions and product development, to expand their market reach and product portfolio

Plastics In PPE Market Size Worth $34.8 Billion By 2027

The global plastics in personal protective equipment market size is expected to reach USD 34.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 17.0% over the forecast period. Increasing demand from applications, such as construction and healthcare, and rising safety concerns are expected to drive the product demand.

The demand for plastics in PPE is expected to increase majorly in the respiratory protection and hand protection applications owing to the high in demand for masks, gloves, face shields, etc. across various industries, such as building & construction, chemical manufacturing industries, and laboratories, due to COVID-19 pandemic. Asia Pacific is expected to lead the global market due to the strong presence of prominent product manufacturers in the region.

The global market is segmented based on plastic categories, which include acrylic, acrylonitrile butadiene styrene, polyamide, polycarbonate, polyester, polyethylene, polyethylene terephthalate, polyphenylsulfone, polypropylene, and others. Polyethylene was the prominent product segment and accounted for over 25% of the global revenue in the year 2019. The polyester product segment is expected to witness significant growth due to the high demand for protective vests, gloves, and body covers.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/plastics-personal-protective-equipment-market

Further key findings from the study suggest:

The global market was valued at USD 3.8 billion in 2019 and is estimated to expand at a CAGR of 17.0% from 2020 to 2027
Respiratory protection is expected to be the fastest-growing application segment at a CAGR of 17.4% over the forecast period
This growth is attributed to the rising demand for different types of masks, such as surgical, N95, N93, and specialized gas masks
Hand protection segment is estimated to account for the largest revenue share by 2027 due to rising demand for these products
APAC was the largest regional market in 2019 and is estimated to retain its leading position throughout the forecast period due to the rapidly growing healthcare sector in countries, such as India and China

Secondary Water & Wastewater Treatment Equipment Market Worth $30.05 Billion By 2027

The global secondary water and wastewater treatment equipment market size is expected to reach USD 30.05 billion by 2027, expanding at a CAGR of 3.9%, according to a new report by Grand View Research, Inc. Rising demand for wastewater treatment plants owing to stringent regulations is expected to drive the market growth over the forecast period.

Growing concerns over environmental degradation and water pollution coupled with stringent regulations pertaining to wastewater discharges are likely to benefit market growth. In addition, increasing efforts to improve the wastewater treatment coverage, especially in the developing countries is anticipated to further propel the market expansion.

A growing requirement for upgrading the existing aging infrastructure, most notably in the developed economies, is expected to open new avenues for the market growth over the forecast period. Furthermore, the emergence of new pollutants is likely to drive the demand for more advanced and efficient treatment solutions, thereby benefitting the overall market growth.

Rising water scarcity, coupled with growing focus conserving and extending the availability of existing water supplies, is expected to drive the demand for wastewater reuse as a viable option for integrated water management. This, in turn, is anticipated to have a positive impact on the overall demand for secondary water and wastewater treatment equipment in the forthcoming years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/secondary-water-wastewater-treatment-equipment-market

Further key findings from the report suggest:

The sludge treatment technology segment accounted for 35.4% revenue share in 2019, on account of increasing demand for efficient, and better management and disposal of sludge generated from wastewater treatment plants
The equipment demand in the municipal application segment is anticipated to witness expand at a CAGR of 3.6% from 2020 to 2027 owing to the growing population, rapid urbanization, and improving municipal wastewater treatment infrastructure in developing countries
The equipment demand in Europe accounted for a revenue share of 26.8% in 2019, on account of developed wastewater treatment infrastructure coupled with a growing focus on rehabilitation, and upgrading the existing wastewater treatment facilities
The demand in China is expected to expand at a CAGR of 5.7% owing to increasing efforts towards combating the high levels of environmental pollution in the country
In January 2020, Xylem, Inc. launched a multi-disciplinary center for water, wastewater, and energy technologies in Singapore that will focus on developing technologies in the field of water distribution, and water, and wastewater treatment

Atmospheric Water Generator Market Worth $8.9 Billion By 2027

The global atmospheric water generator market size is expected to reach USD 8.9 billion by 2027, expanding at a CAGR of 19.5%, according to a new report by Grand View Research, Inc. Increasing consumer demand for atmospheric water generator (AWG) in industrial and commercial applications is expected to drive the market.

Moreover, depleting freshwater reserves, particularly in Asia Pacific and Latin America region is anticipated to further propel market growth. Furthermore, various characteristics offered by AWGs such as high purity water output, and easy transport are expected to drive their demand in military applications over the forecast period.

Growing demand for AWGs to replace traditional supply units such as water pipelines, especially at industrial and commercial workplaces, is likely to open new avenues for the industry over the forecast period. However, high capital cost and energy consumption associated with the product are expected to hinder market growth.

The water output offered by AWGs primarily depends on the humidity and temperature of the surrounding environment, which affects the performance efficiency of the system. Product innovations to reduce the cost and improve its efficiency are expected to propel the AWG market over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/global-atmospheric-water-generator-market

Further key findings from the study suggest:

Cooling condensation accounted for 98.9% revenue share in 2019 on account of its high output coupled with less complex mechanism when compared to wet desiccation technique
The residential application segment, in terms of revenue, is expected to witness a CAGR of 16.7% from 2020 to 2027 owing to rising disposable incomes coupled with product innovations is expected to drive the demand for AWGs in the segment
The product demand in Latin America, in terms of volume, is likely to witness a CAGR of 17.7% owing to depleting freshwater resources coupled with uneven geographical distribution of freshwater resources, and inadequate water supply infrastructure
The product demand in India is anticipated to reach USD 302.9 million by 2027 owing to the rapid industrial growth coupled with increasing construction and manufacturing activities in the country
In January 2020, Energy and Water Development Corp., (EAWD) sold its self-sufficient energy supply AWG system to a Mexican company engaged in manufacturing bottled water.

Travel And Expense Management Software Market Worth $17.4 Billion By 2027

The global travel and expense management software market size is expected to reach USD 17.4 billion by 2027, expanding at a CAGR of 12.4%, according to a study conducted by Grand View Research, Inc. Travel and expense management software provides travel, expense, and invoice management services on a single platform, which helps organizations to approve and automate processes like submitting travel plans and expense reports. Several companies are engaged in introducing the software on cloud platform and providing its access to the employees on their mobile phones. The mobile access has made it easier for employees to remotely update their travel expense data. In addition, the software can be integrated with functions like Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Human Capital Management (HCM) systems, which ensures streamlined data flow between these systems.

The implementation of artificial intelligence in the software helps the companies to automate and optimize the report approvals and payment processes for their employees. Artificial intelligence offers the organizations with risk management solutions as the software analyzes travel histories and spending’s of an employee to fall in line with the policies. Companies like Concur technologies, Inc., Infor, Oracle, and Certify, Inc. are working on inducing artificial intelligence in the software, which will open up a wide array of features to the users. Companies have introduced solutions that support multiple currencies and languages and can detect and make automatic conversion using AI-based tools.

Machine learning is a technology which provides a system with the ability to automatically learn to predict and improve future outcomes. The integration of machine learning with the system will allow companies to keep a track on employee expenses and will get real-time data in the form of an image of travel receipts from the employee. For instance, Concur Technologies, Inc. offers a feature that allows a user to take pictures of the receipt and digitally store it in the database. Additionally, the text from the receipt image can be extracted using Optical Character Recognition (OCR), and essential fields like date, currency, total amount, and spending type can be identified with the help of machine learning. The software then creates an expense entry using the above field and can be added to spending reports. The system is embedded with chat-bots based on machine learning, which uses natural language processing to respond to a conversational request made by a user. Such technologies are expected to influence the company’s travel budgets in a positive way and are anticipated to drive the market.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/travel-expense-management-software-market

Further key findings from the report suggest:

Travel and expense management software is gaining traction owing to its availability on smartphones
Small and medium enterprises held over 30.0% of market share in 2019 and is anticipated to witness significant growth over the forecast period owing to the early return on investment and reduced administrative expenses
The cloud segment is expected to capture substantial portion of the market and is expected to witness a CAGR of more than 10.0% during the forecast period considering that it provides remote access
Due to the increase in expenditure on business trips and higher accumulation of spending reports, the market is expected to witness significant growth over the forecast period.