Data Monetization Market Worth $7.34 Billion By 2027

The global data monetization market size is expected to reach USD 7.34 billion by 2027, registering a CAGR of 24.1% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Data monetization is a strategy used by several organizations to increase their revenue. It is the process of utilizing data to obtain quantifiable economic benefits. There are two types of data monetization techniques, direct data monetization, and indirect data monetization.

There are several types of data monetization methods wherein organizations use data to discover new customers and business opportunities. These data monetization methods are data as a service, insight as a service, analytics-enabled platform as service, and embedded analytics. The analytics-enabled platform as a service method is anticipated to witness significant growth as it provides real-time access to data on the cloud along with consistent triggers/alerts.

Data monetization is expected to be a catalyst for several brands as it enables them towards becoming a pioneer in data-driven principles. It creates new revenue streams for organizations. Additionally, it also promotes companies to reduce operating costs and overall general expenses and enables them to take adequate actions in improving their sales. Several end-use industries have leveraged the benefits of data monetization, and many more are moving towards data monetization.

For instance, data monetization offers geofencing and geotargeting in the retail and tourism industries. For the healthcare sector, government, and advertisement agencies, it ensures density planning and traffic flow. Similarly, it provides fraud detection for credit card companies and financial institutes. It offers smart targeting, Internet of Things (IoT), click-stream insights for digital and brand advertisers, and several other companies. Such factors are anticipated to power market growth over the forecast period.

However, factors such as data security and privacy, rising complexities in data structures, and varying regulatory policies are anticipated to hinder the market growth over the forecast period. Nevertheless, data monetization is capable of identifying and mitigating risk, improving compliance, streamlining planning and decision making, and creating a competitive advantage in the market. It has significantly shadowed market hindering factors and has enabled organizations to take adequate measures.

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

Further key findings from the study suggest:

SMEs are anticipated to expand at a CAGR of over 30% from 2020 to 2027. Rising demand for BI has significantly impacted the adoption of data monetization amongst SMEs
The insight as a service segment is anticipated to expand at a CAGR of over 20% from 2020 to 2027. This is attributable to the ability of the method to combine external and internal data sources and use analytics to provide insights to customers
The manufacturing segment was valued at over USD 200.0 million in 2019 and is expected to exceed USD 1,300.0 million by 2027, expanding at a CAGR of over 24% from 2020 to 2027. This is attributed to the rising usage of data monetization in the automotive industry
For instance, in the automotive industry, data monetization ensures several benefits, such as tracking in case of real-time diagnostics and predictive maintenance. Technological advancements and increased digitalization resulted in easy tracking of vehicle performance. The implementation of IoT, telematics, and automation is also expected to increase the market demand in the industry

Industrial Refrigeration System Market Size Worth $26.9 Billion By 2027

The global industrial refrigeration system market size is expected to reach USD 26.90 billion by 2027, expanding at a CAGR of 4.6% over the forecast period, according to a study conducted by Grand View Research, Inc. Growing demand for innovative and compact industrial refrigeration equipment and the government initiatives to strengthen cold chain infrastructure is projected to fuel the market growth. Furthermore, the expansion of food retail chains across the globe is likely to spur the demand in the forthcoming years.

Retailers are focusing on developing long-term strategic planning to withstand the increasing intensity of the retail competition and shifts in customer needs. The critical challenge of food processing applications currently is to make sure the freshness of perishable goods by taking into consideration that they have a less adverse impact on the environment. Moreover, the growing production and consumption of processed food in the food processing industry of the developing economies are predominantly driving the market growth.

The market is presently depending on cold storage infrastructure to efficiently and effectively store surplus build-up of food. At the same time, also deliver and store essential medication and pharmaceutical products effectively. In the outbreak of COVID-19 pandemic, increased demand for pharmaceutical and medical products worldwide is projected to boost the overall market growth. Since most pharmaceutical and medical products such as vaccines, blood bags, drugs, and others are enormously temperature-sensitive, they must be preserved in constant temperature places to prevent spoiling. The factors mentioned above are driving the storage refrigeration market growth.

North America dominated the market in 2019. This is due to the surge in demand for online grocery shopping in North America, with continuously growing application areas of natural refrigerant-based industrial refrigeration systems, which are anticipated to drive the overall market growth. Further, strict regulations for the supply and processing of perishable food products, coupled with the increasing number of technologically advanced refrigerated warehouses in the region, are likely to facilitate the development in exports and imports of perishable products. The demand for sophisticated warehousing, cold storage, transportation, and distribution facilities is gaining traction, thus, creating opportunities for regional as well as foreign companies to enter the market for the industrial refrigeration systems. It is also expected to generate business through various means such as mergers, acquisitions, alliances, and distribution partnerships.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/industrial-refrigeration-systems-market

Further key findings from the study suggest:

The compressors product segment is expected to dominate the market and is expected to continue leading over the forecast period
The food and beverage application segment is expected to dominate the market due to increasing disposable income and growing population resulting in an augmented demand for frozen and processed food products
North America is projected to account for the majority share of the market over the forecast period
The prominent industry participants include Johnson Controls; Emerson Electric Co.; GEA Group Aktiengesellschaft; DAIKIN INDUSTRIES, Ltd.; and Danfoss Industries Pvt. Ltd.

Urinary Catheters Market Worth $5.51 Billion By 2024

The global urinary catheters market size is expected to reach USD 5.51 billion by 2024, expanding at a CAGR of 5.41%, according to a new report by Grand View Research, Inc. The key contributors for the expansion of the market include the rising incidence of urinary disorders, growing elderly population, and technological advancements pertaining to the relevant devices.

These catheters have application in patients suffering from urinary retention, urinary incontinence, benign prostatic hyperplasia, and other disorders. Patients suffering from multiple sclerosis, spina bifida, cerebral palsy, spinal cord injuries, prostate enlargement, and cancer also require need them The WHO states that bladder problems affect more than 200 million people globally. Benign Prostate Hyperplasia (BPH) is most common in the ageing population, especially men, and urinary retention is a very common complication in BPH. Transurethral resection of the prostate is a common surgery for BPH and the Urology Care Foundation estimates that around 150,000 men in the U.S. undergo this surgery each year.

The technological development pertaining to these instruments are expected to drive the demand further. The catheters become infected after a couple of weeks and can cause infection of the tract. The development of new antimicrobial catheters with introduced antimicrobial molecules within the tube has advantage over the traditional ones.

Furthermore, the reimbursement policies for these products can also be attributed to the growing demand. The Medicaid program reimburses a patient with 120 intermittent catheters per month and the Medicare Program reimburses around 200 catheters per month.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/urinary-catheters-market

Further Key Findings From the Study Suggest:

In 2015, intermittent catheters was the dominant segment due to less chances of infections associated with their usage and thus being more preferred over the other two types
In 2015, urinary incontinence was the largest application segment due to the rising prevalence of the disease with aging population.
North America dominated the urinary catheters market in 2015. The U.S. is the largest market in North America owing to the high prevalence of urology disorders, rising geriatric population, and reimbursement policies.
Asia Pacific is expected to be the fastest growing during the forecast period owing to the improving infrastructure in emerging economies and increasing interest of large players in this region
The market dynamics indicate the presence of strong competition amongst the key players like Coloplast; Boston Scientific Corporation; Hollister, Inc.; B Braun Melsungen AG; Teleflex Inc.; Medtronic and many others.

Biological Safety Testing Products and Services Market Worth $6.9 Billion By 2026

The global biological safety testing products and services market size is expected to reach a value of USD 6.9 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 12.3% The market is predominantly driven by increasing production of biologics, which is boosting the need for highly efficient biological safety testing tools. Rising disease burden is expected to be a major factor responsible for high production of biologics, thereby contributing to market growth.

Increasing prevalence of lifestyle-associated chronic diseases such as cancer and diabetes is a key factor contributing to rise in drug development and subsequent commercialization. This is expected to increase the need for scrutinizing & ensuring safety of targeted and specialized therapies, evaluating outcomes, and circumventing probable shortcomings. In addition, pharmaceutical and biotechnology companies are increasingly incorporating biological safety testing products and services to produce highly potent and contamination-free biologics to cater to the large number of people suffering from target diseases. Viral safety testing is proving to be one of the primary concerns of most companies as it is a critical component of chemistry, manufacturing, and control of biologics. This is creating growth opportunities in the market.

Laboratory-based contamination is leading to development and refinement of workstations through incorporation of biological safety products and services. Increasing need to work with tissue cultures, maintain sterility of cell lines, and minimize cross-contamination has increased concerns regarding product integrity. Rising intervention by government healthcare organizations to implement good manufacturing practices and subsequent testing & control at every production stage is expected to widen the scope for growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/biological-safety-testing-market

Further key findings from the report suggest:

On the basis of product, reagents and kits accounted for the largest share in 2018 as they are major components that are extensively used in research and clinical laboratories
The instruments segment, on the other hand, is expected to grow at a lucrative CAGR during the forecast period due to rising demand from various clinical and research laboratories
On the basis of application, vaccines & therapeutics segment is expected to grow at a significant CAGR during the forecast period mainly owing to increase in disease outbreaks over the years
Bioburden tests are expected to grow at a lucrative rate during the forecast period owing to their high adoption to determine bioburden limit in a wide range of biologics and medical devices
North America dominated the global biological safety testing products and services market in 2018 owing to high R&D investments in biotechnology and huge chronic disease burden
Asia Pacific is expected to grow at an exponential CAGR during the forecast period owing to increase in healthcare spending
Some of the key players are Charles River Laboratories International, Inc.; Lonza Group AG; MilliporeSigma; SGS SA; Sartorius Stedim BioOutsource Limited; and BSL Bioservice Scientific Laboratories GmbH.

Human Embryonic Stem Cells Market Size Worth $1.06 Billion By 2025

The global human embryonic stem cells market size is anticipated to reach USD 1.06 billion by 2025, according to a new report by Grand View Research, Inc. Application of hESCs as a promising donor source for cellular transplantation therapies is anticipated to bolster progress through to 2025. hESCs technology tends to be useful for tissue engineering in humans due to high histocompatibility between host and graft.

Maintenance of developmental potential for contribution of derivatives of all three germ layers is an important feature of these cells. This ability remains consistent even after clonal derivation or prolonged undifferentiated proliferation, thus pronouncing its accelerated uptake.

In addition, these are capable in expressing high level of alkaline phosphatase, key transcription factors, and telomerase. These factors are found to be of great importance in the maintenance of the inner cellular mass pluripotency.

Furthermore, hESCs can be easily differentiated into defined neurons, neural lineages, oligodendrocytes, and astrocytes. Aforementioned characteristic makes it useful in studying the sequence of events that take place during early neurodevelopment.

However, use of stem cells derived from viable embryos is fraught with ethical issues, prompting scientists to explore other methods to generate ESCs. The other methods include derivation of embryonic germ cells, stem cells from dead embryos, and other techniques.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/human-embryonic-stem-cell-market

Further Key Findings from the Report Suggest:

hESC derivation provides a unique opportunity for early human development studies
It is believed to hold a substantial potential for regenerative medicine and biopharma
Differentiated derivatives of these cells are applicable for screening assays in development of novel pharmaceutical moieties
Screening for mutagenic as well as toxic compounds can also be carried out using such derivatives
Presence of lack of suitable donor organs and tissues for regenerative medicine is expected to increase the demand thus influencing growth
Stem cell research is anticipated to exhibit fastest growth amongst the other applications
However, presence of controversies pertaining to their use as a consequence of ethical considerations is responsible for steady growth
Europe accounts for considerable share of the market, following North America
As per a recent survey carried out by Swiss government, citizens there are more willing to accept embryonic stem cell research than politicians
Asia Pacific is anticipated to drive market with fastest YoY growth
Rising awareness amongst the population and physicians with respect to associated therapies is anticipated to propel progress
Key players contributing in this market are CellGenix GmbH, International Stem Cell Corporation, Thermo Fisher Scientific, Inc.; Kite Pharma, PromoCell GmbH, and Lonza
Presence of clinical trial pipeline for embryonic stem cell derived therapy for targeting different diseases is expected to fuel growth.
The diseases targeted include macular degeneration, Parkinson’s disease, type I diabetes mellitus, and spinal cord injury.

Patient Handling Equipment Market Worth $23.4 Billion By 2024

The patient handling equipment market is expected to reach USD 23.4 billion by 2024, according to a new report by Grand View Research, Inc. The upsurge in the demand for products, such as slings, lifts, powered electric wheelchairs, due to the high risk of physical injuries in the manual lifting of heavy loads is a key growth driver of the patient handling equipment market. In addition, the growing prevalence of injuries, such as lower back pain, musculoskeletal disorders (MSDs), etc., is expected to boost growth in this sector. These injuries are avoidable by practicing safe patient handling guidelines and using equipment for the same.

Associated advantages and availability of improved products such as prime Transport Chairs (TC), temperature management systems, and patient transfer solutions, which offer safe, comfortable, and dignified transfer are the factors anticipated to provide lucrative growth to this sector in the near future.

Increasing incidences of Non-communicable Diseases (NCD), such as diabetes, asthma, cancer, stroke, etc., requiring patient handling equipment in homecare settings, hospitals, and intensive care units are further expected to boost market growth over the forecast period.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/patient-handling-equipment-market

Further key findings from the study suggest:

The mechanical and nonmechanical equipment segment is expected to grow at a lucrative CAGR of above 12.0% owing to high penetration of hospital furniture, stretchers, evacuation equipment, ambulatory aids, and accessories in healthcare settings
On the other hand, medical beds held a lucrative share in this industry in 2015, due to the high adoption rate by hospitals and long-term acute care centers. Moreover, the introduction of technologically enhanced products and comfort offered by them are the factors attributing to its dominant share
The critical care segment is anticipated to grow lucratively during the forecast period, due to rising treatment rates and adoption of equipment to curb increasing prevalence of critical conditions and reduction in mishaps that occur during patient handling. Moreover, the critical care nursing and intensive care units requiring stable and safe handling practices for cardiothoracic, coronary, trauma, and surgical units supporting patients’ health are expected to widen the consumer base for these devices
Home care setting is anticipated to grow lucratively as a consequence of increasing patient preference to reduce hospital stay and cost for the treatment. In addition, the increasing preference of home care facilities by elderly patients’ is expected to intensify the demand for patient handling equipment over the forecast period. Moreover, increasing applications of long-term care programs, home health agency, and homecare services are expected to propel the market growth during the forecast period
Some key players in this market include Stryker Corporation; Hill-Rom Holdings, Inc.; Invacare Corporation; Getinge Group; Guldmann, Inc.; Stiegelmeyer, Inc.; Benmor Medical Ltd.: Sidhil Ltd.; ArjoHuntleigh, Inc.; Etac Ltd.; Joerns Healthcare; Handicare, Inc.; Mangar International Ltd.; Linet Americas, Inc; and Prism Medical Ltd.
These players are adopting strategies such as technological innovation, new product launch, and strategic collaborations, including mergers and acquisitions to capitalize on their industry share. For instance, in March 2016, Prism Medical Ltd. acquired lifts and elevating business of Shoppers Home Health Care in a probe to expand its business capabilities and strengthen its services portfolio. Similarly, in November 2014, Stiegelmeyer, Inc. introduced new technology “e-help,” an intelligent sensor technology for homecare and in-patient services enabling deeper market penetration.

Gardening Equipment Market Size Worth $102.3 Billion By 2025

The global gardening equipment market size is expected to reach USD 102.3 billion by 2025, according to a new report by Grand View Research, Inc. Mounting investments in the novel gardening tools to replace the old equipment is expected to be a major factor spurring market growth. The rising housing activity capacity to meet the ever-growing population’s demand is estimated to act as a key driver augmenting growth. Never the less, the seasonal variation witnessed by the manufacturers is estimated to challenge the industry over the near future.

The global gardening equipment market is anticipated to witness high growth over the forecast period. This may be accredited to the advent of technologically advanced products such as battery-powered hand tools and robotic lawnmowers. Further, remote-controlled and GPS-equipped lawnmowers are expected to gain traction in the near future, thereby spurring equipment sales. The rising espousal of gardening as a hobby is expected to further catapult equipment market growth over the next nine years.

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

Further key findings from the study suggest:

The lawnmowers segment captured over 30% of the total revenue in 2015 and is projected to exhibit a significant growth at a CAGR of over 4.0% from 2016 to 2025, which is attributed to their extensive usage in the commercial complexes such as shopping centers, hospitals, churches, and public parks.
On account of the wide scope of purposes gardening equipment serve in trimming, cutting, and shaping the plants & shrubs at the residential complexes, the residential segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding2.0%.
Asia Pacific emerged as the fastest-growing market and is expected to grow at a healthy compound annual growth rate of over 3.0%, which is primarily due to the improved social lifestyle of the escalating base of wealthy middle-class population in the region.
The key purveyors in this industry comprise Deere & Company, Toro, Bosch Power Tools, MTD Products, Honda and Husqvarna Group, as the international players hold a strong foothold in the market making it difficult for the local suppliers to compete.

Silicon Photonics Market Size Worth $918.3 Million By 2025

The global silicon photonics market size is expected to reach USD 918.3 million by 2025, according to a new report conducted by Grand View Research, Inc. The rapid emergence of commercial and consumer electronics applications is anticipated to revolutionize the market by 2025.

The IT and telecommunication application segment would dominate the sector in terms of market size over the forecast period. Silicon photonics devices find commercial applications in high-performance computers and data center applications. The silicon photonics technology offers a cost-effective and reliable solution to commercial applications.

The key value chain components for the silicon photonics system include raw material suppliers, component manufacturers (chip and optical interconnect fabrication firms), Original Equipment Manufacturers (OEMs), server system distributors, and end-use segments. Silicon photonics has been a significant research arena since the last decade on account of potential benefits of the optoelectronics integration.

The market can be categorized based on application types into consumer electronics, IT & telecommunication, commercial, defense & security, and healthcare & life science verticals. Silicon photonics devices find commercial applications in high-performance computers and data center applications.

Small size and cost-effectiveness are the ideal features desired from silicon photonics, which is largely driving the growth of the silicon photonics market. Vendors provide solutions across a wide range of industries, such as mobile broadband Internet access, high-performance computing, data center and enterprise networking, and metro and long haul data communications, among many others.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/silicon-photonics-market

Further key findings from the report suggest:

The industry is predicted to grow as the products would rapidly gain traction. This is attributed to the ability of products to be incorporated in different application areas, such as IT and telecommunication, consumer electronics, and commercial.
The increasing demand for active optical cables, optical multiplexers, and optical attenuators provides numerous growth opportunities as they offer considerable options to attain low-cost economies
The North American region dominated the marketplace, accounting for the largest global silicon photonics market share (in terms of revenue) in 2015
The key industry participants include Cisco Systems Inc., Finisar Corporation, Intel Corporation, Mellanox Technologies, and Molex Incorporated

Gesture Recognition Market Worth $30.6 Billion By 2025

The global gesture recognition market size is likely to reach USD 30.6 billion by 2025. It is poised to post a CAGR of 22.2% from 2018 to 2025, according to a new report by Grand View Research, Inc. Increasing digitization across various industries is benefiting the growth of the market. Ease of adoption due to low technical complexity for end users is escalating its implementation across the consumer electronics industry. Several other industries have also started using this technology. Similarly, the touchless gesture recognition market is primarily driven by factors such as rising hygiene consciousness, government measures for water conservation, low maintenance cost, and booming hospitality and tourism industry.

Surging use of consumer electronics and Internet of Things, along with increasing need for comfort and convenience in product usage, is boosting the growth of the gesture recognition market. Technological advancements and ease of use are helping the market gain momentum over the coming years. Increasing awareness regarding regulations and driver safety are bolstering the demand for gesture recognition systems in the automobile industry. Similarly, spiraling customer demand for application-based technologies is stimulating market growth.

Gestures are visible body actions through which human express information to others without saying it. In our daily lives, we see several hand gestures that are frequently used for communication purposes. Hand gesture recognition is one of the advanced research fields, which provides a way for human-machine interaction. Hand gesture recognition provides an intelligent method for human-computer interaction (HCI).

The market is volatile and is experiencing a fierce competition, therefore, witnessing high number of mergers and acquisitions. For instance, Intel Corp. acquired Omek Interactive Ltd. Some of the key players in the market are Apple, Intel, Microsoft, and Google. Along with global giants, local and regional players are also showing tremendous growth and attracting big investors. This scenario has taken the competition to a whole different level.

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

Further key findings from the report suggest:

Increasing digitization across various industries and ease of adoption due to low technical complexity for end users are poised to propel the market
The healthcare segment is projected to experience substantial CAGR of 27.0% over the forecast period
Asia Pacific was the highest revenue contributor in 2017. It is expected to witness significant growth over the forecast period
The key players of the market include Apple Inc.; eyeSight Technologies Ltd; and Infineon Technologies AG.

Video Analytics Market Size Worth $9.4 Billion By 2025

The global video analytics market size is expected to reach USD 9.4 billion by 2025, according to a new study by Grand View Research, Inc., registering a 22.8% CAGR over the forecast period. Increasing demand for intelligent security surveillance systems, which can be used for estimating key trends and deriving patterns, is the key factor driving the market growth. In addition, increasing concerns over public safety and the use of video analytics in criminal investigations are positively impacting demand for video analytics solutions.

Apart from surveillance, video analytics solutions have also found increasing applications in the retail sector for estimating average footfall, gender bifurcation, display effectiveness, and attractiveness of shelf space. Furthermore, superstores and mega marts have started implementing these systems to gain insight into consumer behavior.

The use of advanced algorithm technology in video analytics enables the examination of captured videos frame by frame, irrespective of light exposure, thereby making video analytics a reliable and efficient choice for ensuring security. Furthermore, industries such as transportation, retail, and healthcare are witnessing a significant increase in the adoption of video analytics, owing to rising application of intrusion detection, license plate recognition, crowd management, and congestion detection in these industries.

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

Further key findings from the study suggest:

Facial recognition is expected to emerge as the fastest-growing application segment with a CAGR of 25.9% from 2017 to 2025. This can be attributed to the widening scope of facial recognition solutions for surveillance purposes at malls, events, airports, and public transport, among others
By type, the services segment is projected to register the highest CAGR of 24.0% for the next eight years. This can be attributed to increasing demand for and installation of video analytics solutions, which are, in turn, propelling demand for related managed and professional services
The cloud segment is anticipated to emerge as the most preferred deployment option for video analytics solutions as it offers flexibility and convenience, allows remote access, and provides easy maintenance
North America accounted for the largest share in 2016 and is driven by the presence of prominent market players who consistently work on developing new and innovative technologies in video analytics
The retail end-use segment is anticipated to register the highest CAGR of 25.6% over the forecast period. This may be attributed to the use of video analytics in applications such as people counting, display and promotion effectiveness, product placement and store layout, and customer preference pattern analysis
Asia Pacific is expected to experience the highest growth from 2017 to 2025, driven by emerging economies such as India and China. These nations are expected to augment their expenditure on intelligent and security surveillance systems
Key industry participants include Cisco Systems, Inc.; Axis Communications AB; Bosch Security Systems GmbH; Agent Video Intelligence Ltd.; Honeywell International Inc.; IBM Corporation; AllGoVision Technologies Pvt. Ltd.; Genetec Inc.; Aventura Inc.; and i2v System Pvt. Ltd.