Tag: Retail

Data Center Cooling Market Worth $20.7 Billion By 2025

The global data center cooling market size is expected to reach USD 20.7 billion by 2025 expanding at a CAGR of 13.5%, according to a study conducted by Grand View Research, Inc. Rising number of data centers, increasing usage of cloud computing, and increased demand for eco-friendly cooling technologies are some of the key factors that are expected to boost the market growth.

Emergence of cloud computing coupled with initiatives by government organizations to promote the adoption of cloud technology and enable prominent vendors to introduce technological advancements is driving the market growth. For example, the government of UAE introduced various projects including Smart Dubai and Smart Abu Dhabi, which were aimed at bringing about digital transformation and economic growth in the country. Such initiatives are expected to drive the market in UAE.

Data center cooling accounts for over 30% of the total energy consumption. In the current scenario, companies are moving toward sustainable cooling, which can save up to 80% or more on energy costs for cooling. For instance, Apple’s North Carolina data center facility operates completely on sustainable, eco-friendly power sources as data center cooling is achieved through the free-air cooling technique, allowing the chillers to be off 75% of the time.

Additionally, there is a rise in pressure from the local and federal government agencies, environmentalists, and the general public for organizations to implement green initiatives. Therefore, high demand for eco-friendly and cost-effective cooling solutions is expected to propel the market growth. However, high installation and maintenance costs, electricity consumption, and carbon emissions are some of the challenges affecting the industry growth.

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

Further key findings from the report suggest:

  • Telecom segment accounted for over 20.0% of the total market share in 2018 owing to increased penetration of 4G services and development of 5G infrastructure that has data-intensive networks
  • Furthermore, growing number of telecom subscribers using smartphones and tablets is anticipated to boost the demand for data centers, thereby propelling the market growth
  • Middle East region is expected to witness substantial growth owing to rising need for enhanced cooling techniques
  • Several IT companies, including Google Inc., Oracle Corporation, and Alibaba, have announced their plans to build data centers in the Middle East
  • Europe is also anticipated to witness a significant growth owing to cold weather conditions in Nordic countries
  • The raised floor with containment segment is expected to register the fastest CAGR 6% from 2019 to 2025
  • Major companies in the market are Schneider Electric, Rittal GmbH & Co. KG, Hitachi, Ltd., Fujitsu Limited, and Vertiv Co. Most of these industry participants focus on introducing different techniques to enhance their market presence

U.S. Vaginal Moisturizers And Lubricants Market Worth $1.0 Billion By 2027

The U.S. vaginal moisturizers and lubricants market size is expected to reach USD 1.0 billion by 2027, expanding at a CAGR of 8.7% during the forecast period, based on a new report by Grand View Research, Inc. Market growth can be attributed to the increasing target population, growing demand for vaginal lubricants, and increasing awareness regarding sexual health among women. According to the Study of Women Across the Nation (SWAN), more than 2,400 women above the age of 17 and around 19.0% of women aged 42 to 53 suffer from vaginal dryness. Thus, increasing incidences of dryness is likely to drive the market for vaginal lubricants and moisturizers over the forecast period.

Various social media movements, such as the third wave of feminism, is aimed at breaking taboos around sexual health and assisting in changing the general attitude towards sex. Over the past few years, the sexual wellness market has shifted focus toward women’s products. Companies are offering conventional products with glamorous packaging, hence, helping to create more awareness around sexual health.

A considerable number of young people not aware of sexual health can increase the prevalence of STDs. September is considered as a sexual health awareness month in the U.S., which is expected to raise awareness among citizens about sexual health and wellness. A significant number of women suffer from vaginal dryness; however, they do not seek medical help, which is likely to hinder the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-vaginal-moisturizers-lubricants-market

Further key findings from the report suggest:

  • By distribution channel, retail dominated the market and is likely to witness the fastest growth over the forecast period
  • An increasing number of fashion retailers are offering sexual wellness products, which is expected to introduce the younger generations to more sexual health and wellness products. A liberal lifestyle and social acceptance have led to the growth of adult stores around the country
  • In November 2018, Durex formed a partnership with RED. This partnership was aimed at supporting its mission to end AIDS. Funds generated from the sale of the Durex RED condom were to be invested in South Africa where over 7.2 million people have HIV/AIDS
  • Searchlight Pharma announced Fonds de solidarité FTQ and Emerillon Capital as the new strategic financial partners in October 2017. The partnership is expected to assist the growth of Searchlight Pharma.

Baby Cleaning Products Market Size Worth $4.99 Billion By 2026

The global baby cleaning products market size is expected to reach USD 4.99 billion by 2026, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.3% during the forecast period. Rising awareness regarding baby hygiene, growing development of innovative cleaning products, and increasing disposable income of the populace in developed countries are some of the factors providing an upthrust to the market.

Incorporation of organic ingredients in baby cleaning products is expected to fuel the demand for these products. Earlier, the presence of harmful chemicals or ingredients such as sodium lauryl sulfate, phthalates, lanolin, and cornstarch in baby cleaning products resulted in several complications in babies such as rashes, irritation, and blisters. Thus, most parents avoid buying such products.

Market players are making efforts to incorporate organic ingredients in baby cleaning products. Major players such as Johnson & Johnson, P&G, and Kimberly-Clark Corporation have launched new product lines consisting of natural ingredients such as aloe vera, sesame oil, almond oil, and neem. For instance, Kimberly-Clark Corporation launched a new product line, Huggies Natural Care Plus Wipes, which consists of aloe vera and other natural ingredients. Such ingredients are skin-friendly and provide extra moisture to baby skin, leading to a relatively low risk of rashes and other complications.

Furthermore, GreenShield offers organic laundry detergents, which are devoid of any harmful chemicals and are suitable for cleaning baby clothes effectively. Such initiatives are likely to increase the usage of baby cleaning products over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/baby-cleaning-products-market

Further key findings from the report suggest:

  • In terms of revenue, the bottle wash segment is projected to expand at a CAGR of 6.0% during the forecast period. Rising initiatives pertaining to baby hygiene and increasing disposable income of people in developed countries are contributing to the growth of the segment
  • Asia Pacific is poised to witness the highest CAGR of 5.6% during the forecast period. Increasing birth rate, growing healthcare expenditure, and increasing disposable income are anticipated to escalate the growth of the regional market
  • Some of the key companies present in the market are Johnson & Johnson, Mayborn Group Limited, Nuby, Koninklijke Philips N.V., and Pigeon Corporation.

Gluten-free Pizza Crust Market Size Worth $3.1 Billion By 2025

The global gluten-free pizza crust market size is anticipated to reach USD 3.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.5% over the forecast period. Increase in the impact of western culture and rise in disposable income are some of the factors for the growth of the market. Rise in the number of pizza outlets may lead to the market growth in the upcoming years.

Growing awareness related to health among people and increase in the prevalence of celiac diseases are expected to be the major factors driving the market for gluten-free pizza crust. It was surveyed that 1 in 20 Americans are diagnosed with gluten sensitivity, which may cause severe health problems. It is essential to make changes in the diets and food habits in order to decrease the occurrence of celiac disease. Thus, the bakery industry manufacturers have been developing different gluten-free pizza crust products. Pizza consumption is maximum in regions like North America and Europe.

North America held the largest share and generated a revenue of USD 692.7 million in 2018. The growth of market is attributed to rising awareness among consumers related to the benefits of having no gluten in the pizza crust products. Many innovative and new flavor products are launched, which may lead to the market growth.

For instance, in 2018,Schwan’s Consumer Brands, Inc. launched two new and innovative flavors of Freschetta Gluten Free Pizza during an awareness program related to celiac diseases. Tuscan style chicken and spinach and roasted mushroom ae the tow new flavors that make people not to change their taste due to different health conditions. This Freschetta Gluten-free Crust has been certified by the National Celiac Association for providing unique flavors, while considering health of people. 

Asia Pacific is the fastest growing region, expanding at a CAGR of 7.1% during the forecast period. India has over half of the population that is beneath the age of 30 and is known to have the most significant young generation, thereafter China, Indonesia, and U.S. Young population may be the reason for the growth of the market during the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/gluten-free-pizza-crust-market

Further key findings from the study suggest:

  • By product, the conventional segment held more than 65.0% share of overall revenue in 2018. The organic segment is anticipated to ascend at a CAGR of 6.9% over the forecast period
  • Based on end use, the retail segment was valued at USD 713.2 million in 2018 and is projected to exhibit high growth in the next few years
  • U.S. emerged as the biggest consumer of gluten-free pizza crust in 2018 and is expected to witness significant growth over the forecast period
  • The gluten-free pizza crust market is highly competitive with the leading players including Udi’s Gluten Free, Glutino, King Arthur Flour, Namaste Foods, Nu Life Market, Bob’s Red Mill, Cup4Cup, and Vicolo
  • North America dominated the global market in 2018, accounting for 35.0% share of the global revenue. This trend is projected to continue over the next few years
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Machine Learning Market Worth $96.7 Billion By 2025

The global machine learning market size is expected to reach USD 96.7 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 43.8% from 2019 to 2025.

Production of massive amounts of data has increased the adoption of technologies that can provide a smart analysis of that data. Technologies such as Machine Learning (ML) are being rapidly adopted across various applications in order to automatically detect meaningful patterns within a data set. Software based on ML algorithms, such as search engines, anti-spam software, and fraud detection software, are being increasingly used, thereby contributing to market growth.

The rapid emergence of ML technology has increased its adoption across various application areas. It provides cloud computing optimization along with intelligent voice assistance. In healthcare, it is used for the diagnosis of individuals. In case of businesses, the use of ML models that are open source and have a standards-based structure has increased in recent years. These models can be easily deployed in various business programs and can help companies bridge the skills gap between IT programmers and information scientists.

Developments such as fine-tuned personalization, hyper-targeting, searching engine optimization, no-code environment, self-learning bots, and others are projected to change the machine learning landscape. The development of capsule network has replaced neural networks in order to provide more accuracy in pattern detection, with fewer errors. These advanced developments are anticipated to proliferate market growth in the foreseeable future.

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

Further key findings from the report suggest:

  • The emergence of connected AI is expected to enable ML algorithms to learn continuously based on newly available information. Such developments are anticipated to drive the market in the coming years  
  • The advertising and media sector accounted for the largest share in 2018 owing to capabilities such as buyer’s optimization, data processing, and analysis provided by the technology
  • H2O.ai announced a partnership with IBM Corporation, a multinational IT company, in June 2018. Through this partnership, H2O.ai will offer its GPU-powered machine learning, next-generation AI platform, and best-of-breed deep learning on IBM’s Power Systems platform
  • Key players in the machine learning market include Amazon Web Services, Inc.; Baidu Inc.; Google Inc.; H2O.ai; Hewlett Packard Enterprise Development LP; Intel Corporation; International Business Machines Corporation; Microsoft Corporation; SAS Institute Inc.; and SAP SE.

Colombia Travel Retail Market Size Worth $686.0 Million By 2025

The Colombia travel retail market size is expected to reach USD 686.0 million by 2025, and it is anticipated to register a CAGR of 8.3% from 2019 to 2025, according to a new report by Grand View Research, Inc. The travel and tourism industry accounted for nearly 3.8% of Colombia’s Gross Domestic Product (GDP) in 2018. The industry’s demand has witnessed an increase of 12% in 2018 from the previous year. Columbia is one of the major tourist destinations with attractions including colonial cities, coffee plantations, mountains, and beaches. A rising number of international travelers is expected to be one of the prime factors driving the market growth.

According to Colombia’s Ministry of Commerce, Industry and Tourism (MinCIT), the country’s travel and tourism revenues was approximately USD 5.8 billion in 2018. However, the Colombian government plans to increase these revenues to USD 40 billion by 2022 by making tourism a high priority. Initiatives such as increasing airline routes to Colombia are subsequently expected to drive the growth of the market for travel retail in the country. Moreover, the rising middle-class population in developing countries and reasonably priced travel choices are anticipated to drive the market growth.

The retail market is getting increasingly competitive, owing to the entry of other duty-free retailers in the country. For instance, in 2017, Dufry and 3Sixty Duty Free signed a joint venture agreement and obtained duty-free store concession at the El Dorado International Airport in Bogota. The two companies signed a concession agreement with Opain S.A. for one duty-paid, seven duty-free, and two Hudson convenience stores. An improving economy, sustainable business practices, and favorable commercial trade agreements have created robust opportunities for international brands, which acted as a catalyst for market growth. According to the World Travel & Tourism Council (WTTC), Bogota accounted for more than 29% of Colombia’s overall travel and tourism activity.

Over two decades of political instability has impeded the growth of Colombia market. Despite decades of security challenges and internal conflicts, Colombia has been relatively steady in upholding democratic institutions characterized by transparent and peaceful elections and the protection of civil liberties. The increasing political stability and improving security situation is expected to open opportunities for foreign direct investments and subsequently strengthen the Colombian tourism industry. An active travel and tourism industry would further encourage international travel retail operators to consider entering the market in Colombia, where competition is currently relatively moderate.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/colombia-travel-retail-market

Further key findings from the report suggest:

  • The perfume and cosmetics segment dominated the market with a value of USD 118.9 million in 2018. The segment is projected to continue its dominance over the forecast period
  • Rising investments for the development and upgradation of airports in Colombia has contributed to the growth of the market. The airport channel segment is anticipated to register the highest CAGR of 8.5% over the forecast period
  • The key players in the market focus on strategies such as partnerships and expansions to expand their presence in the market
  • Prominent players operating in the market include Duty Free Americas, Inc. (DFA); Dufry and 3Sixty Duty Free; Motta International; Areas; and Duty Free Partners.

U.S. SMS Marketing Market Worth $12.6 Billion By 2025

The U.S. SMS marketing market size is expected to reach USD 12.6 billion by 2025, expanding at a CAGR of 20.3%, according to a study conducted by Grand View Research, Inc. Use of text messages for promotion and advertisement is gaining popularity owing to increasing number of mobile phone users in the country. U.S. is one of the leading country in terms of adoption of smart phones, aiding the marketers in reaching the target customer. Moreover, cost effectiveness and convenience of reaching the target is anticipated to propel the demand for text message marketing over the forecast period.

The use of Rich Communication Service (RCS) protocol is enhancing the text message system by allowing sending and receiving of high-resolution media files via messages. It allows marketers to make promotional messages more interactive and creative in order to attract customers. The advent of RCS, coupled with technologically advanced smartphones that support advanced messaging features is expected to drive the market growth.

Companies are largely focusing on improving customer relationships and engagement by providing special discounts and offers, tailor-made for customers. The use of SMS for sending such offers helps them to customize messages according to the individual customer. Thus, increasing competition has led to the increased usage of text messages, and the trend is expected to influence market growth over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-sms-marketing-market

Further key findings from the study suggest:

  • SMS marketing market is gaining traction owing to the fact that it eliminates the use of paper used by other means of marketing
  • The SMEs segment is anticipated to record substantial growth from 2019 to 2025 owing to increasing use of text messages by small retailers and businesses to send promotional coupons and other offers
  • In an attempt to sustain competition, banks are introducing several services. The use of texts for marketing these services is expected to augment the growth of the BFSI segment over the forecast period
  • The U.S. SMS marketing market is characterized by intense competition with several players such as Infobip Ltd.; InMobi; Marketo; Amobee, Inc.; Chartboost; Slick Innovations, LLC.; and IBM Corporation offering similar solutions. Pricing and product differentiation is the key to sustain competition.

Audiology Devices Market Worth $15.5 Billion By 2026

The global audiology devices market size is expected to reach USD 15.5 billion by 2026 registering a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Increasing cases of hearing disorders, especially in geriatric population, rising purchasing capacity, investments in R&D, and government support for better healthcare infrastructure are expected to drive the market over the forecast period.

High comfort offered by newly introduced devices, improved connectivity, and better user interface are some of the factors attributing to high usage rate of audiology devices. Better quality of life along with acceptance of digital hearing aids are anticipated to further drive the market. In a study published in January 2019, it was observed that hearing aids reduce symptoms associated with dementia. However, usage is hampered due to the exclusion of hearing aids or exams for fitting hearing aids from the Original Medicare program.

Hearing aids segment led the market in 2018 and will hold its leading position in future. However, cochlear implants is expected to be the fastest-growing segment over the forecast period. Cochlear implants are widely used owing to their high effectiveness, in terms of sentence understanding.

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

Further key findings from the report suggest:

  • Digital hearing aids led the technology segment in terms of market share in 2018 due to their increased adaptability and connectivity with mobile devices
  • Retail sales channel was the dominant segment in 2018 and is projected to expand further at the fastest CAGR during the forecast period
  • North America dominated the global audiology devices market in 2018 due to technological advancements and presence of major market participants in the region
  • Asia Pacific is anticipated to witness the fastest CAGR owing to improving healthcare infrastructure along with growing geriatric population in emerging countries, such as India and China
  • Key industry participants include GN ReSound Group;William Demant Holdings A/S; Starkey Hearing Technologies; Widex A/S; Sonova Holdings AG; Phonak, Audioscan; MedRx; Austar Hearing; National Hearing Care; and NHC/Amplifon

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.

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 fewyears.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 study 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 centersfor 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 thevolume 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.