Category: Uncategorised

Drug Discovery Outsourcing Industry Overview

The global drug discovery outsourcing market size was valued at USD 3.3 billion in 2021 and is anticipated to grow at a compound annual growth rate CAGR of 7.4% over the forecast period.

According to a survey conducted by Life Science Strategy Group of 120 clinical development decision-makers in the U. S., Europe, and China, industry professionals are undertaking major strategic changes to maintain their share in the unpredictable market scenario post the COVID-19 pandemic. The pharmaceutical industry has witnessed radical changes in the past two decades, in terms of a shift toward biologics, patent expiration, and unprecedented downsizing of internal discovery of big pharmaceuticals. All of this has accelerated the adoption of outsourcing activities.

Gather more insights about the market drivers, restrains and growth of the Global Drug Discovery Outsourcing Market

Breaking down the different steps of drug discovery, such as hit confirmation, lead generation, lead optimization, and high-speed screening allows players to specialize in their core services. An estimated 75.0% to 80.0% of R&D spending in the biopharmaceutical industry can be outsourced, creating opportunities for Contract Research Organizations (CROs), which, in turn, is expected to boost the market growth. Pharmaceutical companies are partnering with manufacturing facilities in developing countries, which are backed by skilled manpower, low cost, and quality data. Cost-cutting, chasing innovation, gaining access to specialized knowledge and technology, and increasing speed and agility are some of the significant factors encouraging pharma companies to expand the level of outsourcing.

This, in return, is expected to increase competition among key players, leading to the emergence of various new startups across the hotspot regions, such as the U.S., China, India, South Korea, Singapore, and other southeast Asian countries. For instance, in July 2018, Syngene International Ltd., a leading CRO based in India, extended its R&D collaboration with Baxter Healthcare Corporation until 2024. In March 2018, the company formed a multi-year agreement with GlaxoSmithKline (GSK) to accelerate the discovery of new drug candidates. The COVID-19 pandemic has slowed down various drug discovery processes due to the halting of various clinical trials.

However, on a brighter note, generous incentives are expected for pharmaceutical companies to invest in developing Infectious Diseases (ID) drugs and vaccines. Public health challenges in oncology, heart disease, and many other rare conditions still exist. For these, clinical research must go on. Here, CROs are expected to utilize their creativity to the fullest. With an urgent need for an effective vaccine/drug, companies are increasingly opting for outsourcing to enhance their clinical trials, which is expected to boost market growth for several years.

Browse through Grand View Research’s Medical Devices Industry Research Reports.

• Contrast Media Market – The global contrast media market size was valued at USD 4.04 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.33% from 2022 to 2030.

• Non-PVC IV bags Market – The global non-PVC IV bags market size was valued at USD 1.69 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 10.9% from 2022 to 2030.

Drug Discovery Outsourcing Market Segmentation

Grand View Research has segmented the global drug discovery outsourcing market on the basis of workflow, therapeutics area, drug type, and region:

• Drug Discovery Outsourcing Workflow Outlook (Revenue, USD Million, 2017 – 2030)
  • Target Identification & Screening
  • Target Validation & Functional Informatics
  • Lead Identification & Candidate Optimization
  • Preclinical Development
  • Other Associated Workflow

• Drug Discovery Outsourcing Therapeutics Area Outlook (Revenue, USD Million, 2017 – 2030)
  • Respiratory System
  • Pain and Anesthesia
  • Oncology
  • Ophthalmology
  • Hematology
  • Cardiovascular
  • Endocrine
  • Gastrointestinal
  • Immunomodulation
  • Anti-infective
  • Central Nervous System
  • Dermatology
  • Genitourinary System

• Drug Discovery Outsourcing Drug Type Outlook (Revenue, USD Million, 2017 – 2030)
  • Small Molecules
  • Large Molecules (Biopharmaceuticals)

• Drug Discovery Outsourcing Regional Outlook (Revenue, USD Million, 2017- 2030)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Market Share Insights

• November 2020: AstraZeneca collaborated with 9 of the foremost oncology medical centers to expedite research in some of the hardest-to-treat cancers. The company will be funding clinical and non-clinical research proposals from members of this network.
• June 2020: AstraZeneca collaborated with Accent Therapeutics to discover, develop and commercialize transformative therapeutics targeting RNA-Modifying Proteins (RMPs) for the treatment of cancer.

Key Companies profiled:

Some prominent players in the Drug Discovery Outsourcing market include

• Albany Molecular Research Inc.
• EVOTEC
• Laboratory Corporation of America Holdings
• GenScript
• Pharmaceutical Product Development, LLC
• Charles River
• WuXi AppTec
• Merck & Co., Inc.
• Thermo Fisher Scientific Inc.
• Dalton Pharma Services
• Oncodesign
• Jubilant Biosys
• DiscoverX Corp.
• QIAGEN

Order a free sample PDF of the Drug Discovery Outsourcing Market Intelligence Study, published by Grand View Research.

Nanosatellite And Microsatellite Industry Overview

The global nanosatellite and microsatellite market size was valued at USD 2.12 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) exceeding 23.3% from 2022 to 2030. The growing demand for miniaturized satellites across multiple verticals is expected to provide an impetus to market growth. For instance, in November 2021, a Japan-based Epsilon rocket launched nine miniature satellites into orbit in the latest endeavor to encourage educational institutions and businesses to participate in space exploration.

The launch of small satellites via heavy vehicles has proved to be quite challenging over the recent years, resulting in the increased demand for small launch vehicles. Earlier, small satellites were launched as an additional payload with larger satellites, which increased launch and cost constraints. The growing demand for small launch vehicles that can overcome these cost constraints culminated in the development of Small Satellite Launch Vehicles (SSLVs). For instance, in April 2022, China’s scientists worked on a fleet of small satellites for cutting-edge astronomical investigations.

Gather more insights about the market drivers, restrains and growth of the Global Nanosatellite And Microsatellite market

Furthermore, low entry barriers and private and institutional funding are allowing manufacturers to aggressively develop SSLVs and capture a potential share in the nanosatellite market. For instance, in April 2022, the chairman of the Indian Space Research Organization, the national space agency of India, announced the deployment of an SSLV-D1 Micro SAT, a small satellite launch vehicle. The SSLV-D1 Micro SAT seeks to serve the industry to deploy miniature satellites into the Earth’s lower orbits to meet the needs of developing economies, universities, and private enterprises.

Small satellites are witnessing continuous technological advancements owing to their simple and faster construction & design requirements. The low cost of these satellites has broadened the range of possible space missions. Moreover, simplified design and development are also allowing the integration of the latest technologies such as Artificial Intelligence (AI) and robotics in small satellites. Furthermore, these satellites are using Very High Frequency (VHF), Ultra High Frequency (UHF), and visible transmission technologies to increase the signal frequency and transfer speeds.

Nanosatellites and microsatellites are more prone to failure and do not have any major impact in terms of providing any novel and market-redefining capabilities. However, Machine Learning (ML) intelligence on various space development platforms is contributing to ensuring efficient communications, improving spacecraft reliability, ensuring efficient computing capabilities, and enhancing coordination for the overall development of a mission. These satellites are also expected to provide actionable data insights to governments and humanitarian partners, among others.

Browse through Grand View Research’s Communication Services Industry Research Reports.

• Customer Experience Management Market – The global customer experience management market size was valued at USD 8.79 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 18.1% from 2022 to 2030. The growing importance of understanding customer behavior and their preferences drives various brands and organizations to adopt customer experience strategies, such as regular communication and engagement, longstanding program, and use of automation, to deliver the best service performance to customers in real-time.

• Unified Communications Market – The global unified communications market size was valued at USD 78.33 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 20.5% from 2021 to 2028. Enterprises have transitioned to Unified Communications (UC) solutions to reduce operating expenses, increase revenues, and strengthen customer relationships.

Nanosatellite And Microsatellite Market Segmentation

Grand View Research has segmented the global nanosatellite and microsatellite market based on mass, application, end-use, and region:

• Mass Outlook (Revenue, USD Million, 2017 – 2030)
  • Nanosatellites
  • Microsatellites

• Application Outlook (Revenue, USD Million, 2017 – 2030)
  • Communication & Navigation
  • Earth Observation/Remote Sensing
  • Scientific Research
  • Technology & Academic Training

• End-Use Outlook (Revenue, USD Million, 2017 – 2030)
  • Government
  • Defense & Security
  • Commercial
  • Civil

• Regional Outlook (Revenue, USD Million, 2017 – 2030)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Market Share Insights

• June 2021: Lockheed Martin launched GPS III Space vehicle 05 which is the latest next-generation GPS III satellite.
• March 2021: Rocket Lab USA, a public American aerospace manufacturer and small satellite launch service provider launched seven small satellites into the Earth’s orbit, including its spacecraft for future missions.

Key Companies profiled:

Nanosatellite and microsatellite have witnessed substantial growth in terms of spacecraft development, building, and launches over the past decade. The CubeSat concept enabled companies to find a different role in satellite design compared to their traditional roles.

Some prominent players in the global nanosatellite and microsatellite market include:

• Dauria Aerospace
• GomSpace
• Innovative Solutions in Space (ISIS)
• Sierra Nevada Corporation (SNC)
• Spire Global, Inc.
• SpaceQuest Ltd.
• Surrey Satellite Technology Limited (SSTL)
• The Boeing Company
• Tyvak Inc.
• Vector Launch, Inc

Order a free sample PDF of the Nanosatellite And Microsatellite Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

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Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

Multi-access Edge Computing Industry Overview

The global multi-access edge computing market size was valued at USD 1.56 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) exceeding 42% from 2021 to 2028.

The growing adoption of IoT devices across several industries is expected to drive market growth. The need for faster decision-making in industries such as IT and telecom, manufacturing, transportation and logistics, and datacenters, owing to the generation of the vast amount of data, is encouraging the adoption of multi-access edge computing (MEC) technology. Furthermore, the adoption of MEC offers a safer environment for data transfer and reduces latency, which is further promoting the wide-scale adoption of the technology in enterprises.

Gather more insights about the market drivers, restrains and growth of the Global Multi-access Edge Computing Market

In addition to the high throughput and low latency offered by MEC applications running on 5G networks, the 5G service delivery model offers several new B2B services by leveraging edge clouds. High-level end-to-end performance via network slicing, security, session, and service continuity modes for ultra-low-latency and seamless connectivity, and reliability are the main features of 5G enabled multi-access edge computing, that is driving the market forward. The ability to crunch large volumes to sophisticated telemetry data at the edge of the network facilitates new business model upgrades and hence allows service providers to enhance competitive rivalry. Furthermore, the integration of 5G with MEC architecture could enhance the first response and is expected to help public sector organizations with connectivity and technology solutions.

The need to optimize the Augmented Reality/Virtual Reality (AR/VR) experience by extending bandwidth to enhance 5G capabilities is driving the MEC market growth. Furthermore, the need to deliver high-quality Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR) experiences via wireless medium has enabled the integration of MEC and 5G. Such integration is expected to offer attractive growth prospects over the next few years. Combining MEC infrastructure with VR/AR has led to major improvements in the broadcasting of sports and entertainment, thus enhancing users’ viewing experience. For instance, sports enthusiasts can now enjoy real-time, high-quality footage of live matches from different angles, all of which are facilitated by using multi-access edge computing techniques.

Furthermore, multi-access edge computing has gained utmost importance in the mining and energy and utility industries. Offshore mining facilities traditionally used satellite communications as their primary communications medium along with cloud computing and hybrid storage methodologies for data transfer and processing, which resulted in the loss of time and resources. Such loss of resources has led the end-use industries to engage in efficient communications and storage mediums to analyze large quantities of data usually generated at remote locations. The adoption of MEC techniques offers the opportunity to control devices and sensors from a distance. Rapid automation of processes using several sensors and robots, due to the advent of Industry 4.0, and the ability to control mining processes at distant locations further emphasizes the need to use the multi-access edge technology at scale.

The fusion of Big Data analytics and edge computing offers attractive growth prospects to the market. The rising adoption of multi-access edge computing amongst service providers is providing an impetus to the market growth, owing to increasing demand from manufacturing, financial services, agriculture, energy sectors to develop financial instruments, business decision tools, and competitive intelligence. Big Data analytics is being continuously used to develop a compression-based data reduction to reduce the overall volume for easier handling of in-network data movement in data centers and clusters. Moreover, impressive use-cases such as MEC integration with unmanned aerial vehicle base stations (UAV-BSs) enable the stabilization of delay in edge nodes to ensure efficient data analysis and energy-saving capabilities.

Browse through Grand View Research’s Communication Services Industry Research Reports.

• Cloud Kitchen Market – The global cloud kitchen market size was valued at USD 51.96 billion in 2020 and is expected to expand at a compound annual growth rate(CAGR) of 12.4% from 2021 to 2028.

• Italy Dropshipping Market – The Italy dropshipping market size was valued at USD 1.53 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 18.1% from 2021 to 2028. 

Multi-access Edge Computing Market Segmentation

Grand View Research has segmented the global multi-access edge computing market on the basis of solution, end use, and region:

• Multi-access Edge Computing Solution Outlook (Revenue, USD Million, 2018 – 2028)
  • Hardware
  • Software
  • Services

• Multi-access Edge Computing End-use Outlook (Revenue, USD Million, 2018 – 2028)
  • IT & Telecom
  • Smart Cities, Smart Homes, & Smart Buildings
  • Datacenters
  • Energy & Utilities
  • Automotive
  • Others (Healthcare, Agriculture)

• Multi-access Edge Computing Regional Outlook (Revenue, USD Million, 2018 – 2028)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Market Share Insights

• Lanner Electronics has recently rolled out a new hybrid TCA platform that is extremely efficient at access networks and is expected to offer new revenue channels for the company.
• SK Telecom recently collaborated with Amazon Web Services to launch edge cloud services based on 5G MEC. Companies are grasping the opportunities to tackle the current situation by delivering new services.

Key Companies profiled:

Some prominent players in the Multi-access Edge Computing market include

• ADLINK Technology Inc.
• Advantech Co., Ltd.
• FogHorn Systems
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co., Ltd.
• Juniper Networks, Inc.
• Saguna Networks Ltd.
• SMART Embedded Computing (Artesyn Technologies)
• Vapor IO
• ZephyrTel

Order a free sample PDF of the Multi-access Edge Computing Market Intelligence Study, published by Grand View Research.

Smart Glass Industry Overview

The global smart glass market size was valued at USD 4.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028.

The emergence of energy-conservation initiatives, such as green buildings and eco-friendly structures, globally is expected to offer promising growth prospects to the market. Administrative support through financial benefits and tax initiatives globally is also stimulating the growth of the market. For instance, the European banks have a new mortgage scheme for green homes, encouraging end-users to adopt energy-saving products, such as smart glass. Smart glass has gained traction in recent years due to its energy-saving properties, thermal and acoustic insulation, and elegant 3D design proposition. With smart glass fitted in place of normal glass into windows, doors, partitions, and skylights, the user has better sunlight control, preventing an increase in indoor temperatures during summers and subsequently reducing the building’s overall energy cost. The reduced reliance on HVAC systems helps reduce the carbon footprint of the building.

Gather more insights about the market drivers, restrains and growth of the Global Smart Glass Market

Factors such as the steady growth of the construction industry and rising investment in infrastructure projects contribute significantly to market growth. The tectonic shift in consumer preference for glass over bricks and cement walls is also likely to favor the growth prospects of the market over the next few years. Moreover, the recent trend of large, floor-to-ceiling glass windows is providing new business opportunities to manufacturers.

In addition, the replacement and renovation activities are expected to drive the demand for smart glass across the globe. The Department of Energy (DoE) estimates that there are approximately 19 million square feet of installed residential windows in the U.S. alone and approximately 500 million square feet of windows are installed in the commercial sector, out of which most buildings are constructed prior to the implementation of the ASHRAE standards, which address areas such as thermal comfort, indoor air quality, and energy conservation in buildings. Retrofitting of such buildings is expected to provide a significant growth opportunity for the market in the U.S. alone. However, factors such as lack of awareness about their benefits and high base cost could impede the demand for smart glass to a certain extent over the forecast period. These challenges can be overcome by technological advancement and government subsidiary schemes in order to reduce the overall cost. Extensive marketing endeavors in selected geographies and word-of-mouth publicity could also help augment sales.

Browse through Grand View Research’s Next Generation Technologies Industry Research Reports.

• Mass Notification System Market – The global mass notification system market size was valued at USD 8.90 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 20.8% from 2022 to 2030.

• Construction And Design Software Market – The global construction and design software market size was valued at USD 9.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2022 to 2030.

Smart Glass Market Segmentation

Grand View Research has segmented the global smart glass market based on technology, application, and region:

• Smart Glass Technology Outlook (Revenue, USD Million, 2017 – 2028)
  • Electrochromic
  • Polymer Dispersed Liquid Crystal (PDLC)
  • Suspended Particle Devices (SPD)
  • Thermochromics
  • Photochromic

• Smart Glass Application Outlook (Revenue, USD Million, 2017 – 2028)
  • Architectural
  • Transportation
    • Automotive
    • Aircraft
    • Marine
  • Consumer Electronics
  • Power Generation

• Smart Glass Regional Outlook (Revenue, USD Million, 2017 – 2028)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Market Share Insights

• June 2019: Kinestra Technologies, Inc. announced its partnership with Vitrum Glass Group, a glass manufacturing company, to produce the Helio insulating glass units for several commercial projects in North America.
• December 2019: Research Frontiers Inc. announced the partnership with Glatic Co., Ltd. to develop and sell SPD technology-based smart windows in the South Korean architectural market. The business integration was aimed to introduce more competitive products in the architectural industry. 

Key Companies profiled:

Some prominent players in the Smart Glass market include

• AGC Inc.
• ChromoGenics
• Corning Incorporated
• Gauzy Ltd.
• Gentex Corporation
• Guardian Industries
• Kinestral Technologies, Inc.
• Nippon Sheet Glass Co., Ltd.
• PPG Industries, Inc.
• RavenWindow
• Research Frontiers Inc.
• Saint-Gobain S.A.
• Showa Denko Materials Co., Ltd.
• Smartglass International Limited
• VELUX Group
• View, Inc.
• Vision Systems

Order a free sample PDF of the Smart Glass Market Intelligence Study, published by Grand View Research.

Unified Communications Industry Overview

The global unified communications market size was valued at USD 78.33 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 20.5% from 2021 to 2028. 

Enterprises have transitioned to Unified Communications (UC) solutions to reduce operating expenses, increase revenues, and strengthen customer relationships. UC enhances the decision-making process by integrating various communication tools into a single platform. Thus, unified communications solutions are typically deployed to foster cross-functional activities and yield positive results.

Gather more insights about the market drivers, restrains and growth of the Global Unified Communications Market

An increase in the mobile workforce coupled with the growing trends of Bring Your Device (BYOD) and hybrid workplace model is expected to positively influence the global market over the next eight years. Smart devices replace the traditional work culture of using desktop computers as a primary means of business communications. Mobile devices support UC, allowing employees to stay connected from anywhere at any time. Thus, employees need not limit themselves to the single desktop workstation but can work from remote places, ensuring high productivity.

Unified communication is a field that has been evolving for more than a decade. The technology promises an influx of new, integrated communications devices that allow organizations to achieve numerous benefits such as collaboration, streamlining business processes, and lowering business communications’ overall cost. Vendors specializing in UC services emphasize simplifying their solutions, making them easier to purchase, deploy, and manage. There has been an increased focus on using past user experience as a critical tool for developing new solutions and enhancing the existing ones.

Business communications are rapidly evolving and organizations are looking for ways to control cost, manage complexity, and improve productivity. This has resulted in the increasing adoption of UC solutions, mainly delivered in a hosted or cloud-based Unified Communications as a Service (UCaaS) model. Organizations are redefining their business models to achieve agility and flexibility in business and improve overall productivity. In the ever-changing business environment, the integration of real-time telephony systems, data, and video communications becomes an essential part of business activities. Thus, organizations adopt these solutions to improve collaboration and communications internally with remote workers and externally with partners, clients, and suppliers.

Many companies are opting for customized solutions as they enable companies to select specific communication tools that suit their needs using the Bring Your Carrier (BYOC) strategy. With the rising demand for unbundled UC packages, UC vendors are expected to drop the one-size-fits-all approach over the coming years. Clients are expected to choose best-in-class solutions with unified communication platforms or applications integrated with APIs.

Browse through Grand View Research’s Communication Services Industry Research Reports.

• Business Process Outsourcing Market – The global business process outsourcing market was valued at USD 245.9 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 9.1% from 2022 to 2030.

• Music Streaming Market – The global music streaming market size was valued at USD 29.45 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 14.7% from 2022 to 2030.

Unified Communications Market Segmentation

Grand View Research has segmented the global unified communications market on the basis of product, solution, organization size, end-use and region:

• Unified Communications Product Outlook (Revenue, USD Billion, 2018 – 2028)
  • Hosted
  • On-premise

• Unified Communications Solution Outlook (Revenue, USD Billion, 2018 – 2028)
  • Instant & Unified Messaging
  • Audio & Video Conferencing
  • IP Telephony
  • Others

• Unified Communications Organization Size Outlook (Revenue, USD Billion, 2018 – 2028)
  • SMEs
  • Large Enterprises

• Unified Communications End-use Outlook (Revenue, USD Billion, 2018 – 2028)
  • Enterprises
  • Education
  • Government
  • Healthcare
  • Others

• Unified Communications Regional Outlook (Revenue, USD Billion, 2018 – 2028)
  • North America
  • Europe
  • Asia Pacific
  • South America
  • MEA

Market Share Insights

• October 2019: Avaya Inc. announced a strategic partnership with RingCentral, Inc., a U.S.-based communication and collaboration solutions provider. The partnership was aimed at jointly developing UCaaS programs by leveraging the expertise of both companies.
• January 2019: Yamaha Corporation, one of the prominent UC vendors in Japan, founded its business function in Europe, focusing on prime countries such as Germany and U.K.
  

Key Companies profiled:

Some prominent players in the Unified Communications market include

• Logitech
• Cisco Systems Inc.
• Avaya, Inc.
• Alcatel-Lucent
• IBM Corporation
• Plantronics Inc.

Order a free sample PDF of the Unified Communications Market Intelligence Study, published by Grand View Research.

Webcam Industry Overview

The global webcam market size was valued at USD 6.85 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.9% from 2021 to 2028.

The growing demand for real-time monitoring devices in residential locations, commercial and logistics security, and video conferencing is expected to drive market growth over the forecast period. Webcams are also seeing significant demand among temporary surveillance appliance manufacturers to record anti-social behavior, vandalism, fly-tipping, and detect criminals misusing public property. Webcams are video cameras used to capture real-time images or videos in the form of analog or digital signals. Present-day products are technologically advanced and they offer better streaming quality, resolution, frame rate, built-in microphones, and noise cancellation, among others. Owing to the vast advancements, webcams are being increasingly deployed in numerous applications including video conferencing, live streaming, and real-time monitoring.

Gather more insights about the market drivers, restrains and growth of the Global Webcam Market

The industry has evolved due to the rapid innovations and the integration of new technologies into product offerings to cater to the extensive customer base. From QuickCam, the first commercial webcam launched by Connectix in 1994, which could capture a 320*240-pixel resolution with a grayscale depth of 256 shades at 15 frames per second, webcams have come a long way.

The rising deployment of monitoring devices by federal bodies as a part of their digitalization initiatives is also anticipated to contribute to the market growth during the forecast period. Several governments worldwide are incorporating surveillance systems to safeguard critical infrastructure and public places. Furthermore, the market has witnessed a notable rise in security and surveillance applications in residential locations, such as household security and outdoor safety in smart infrastructure. Webcams are also deployed in live events and sectors such as corporate healthcare for remote monitoring. In the healthcare sector, webcams are primarily used for remote patient monitoring for communication via store-and-forward and real-time methods for telehealth operators.

However, the ubiquity of internet-connected devices has increased the vulnerability of digital networks to cyberattacks, thereby causing security threats. As webcams work in line with computers and internet connections, the risk related to the privacy and security of data uploaded via the internet network is high. Hence, governments globally are focusing on imposing stringent regulations regarding the safety and security of sensitive information. The state government of California, U.S., set a ‘Security of Connected Devices’ bill designed to protect consumer information processed through the Internet on Things (IoT) devices from destruction, unauthorized access, use, or disclosure.

The COVID-19 pandemic has paved the way for a remote working culture. The increased demand for webcams to accommodate remote meetings, coupled with temporary production stoppages and factory shutdowns, decreased the availability of webcams on e-commerce websites, resulting in shortages during the initial months of 2020. However, market participants have nominally restarted their manufacturing plants to cope with the economic loss suffered. The rising adoption of webcams for telehealth monitoring in an attempt to virtually treat, diagnose, and minimize the risk of coronavirus transmission in hospitals premises has also created unprecedented demand for web cameras during the pandemic.

Browse through Grand View Research’s Electronic Devices Industry Research Reports.

• Industrial Refrigeration Systems Market – The global industrial refrigeration systems market size was valued at USD 18.18 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2021 to 2028.

• S. Self-checkout Systems Market – The U.S. self-checkout systems market size was valued at USD 1.26 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.3% from 2021 to 2028.

Webcam Market Segmentation

Grand View Research has segmented the global webcam market based on product, technology, distribution channel, end use, and region:

• Webcam Product Outlook (Volume, Million Units; Revenue, USD Billion, 2018 – 2028)
  • USB
  • Wireless

• Webcam Technology Outlook (Volume, Million Units; Revenue, USD Billion, 2018 – 2028)
  • Analog
  • Digital

• Webcam Distribution Channel Outlook (Volume, Million Units; Revenue, USD Billion, 2018 – 2028)
  • Brick & Mortar
  • E-commerce

• Webcam End-use Outlook (Volume, Million Units; Revenue, USD Billion, 2018 – 2028)
  • Security & surveillance
  • Entertainment
  • Video conferencing
  • Live events
  • Visual marketing
  • Others

• Webcam Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2018 – 2028)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Market Share Insights

• February 2020: Logitech launched its digital webcam, StreamCam, which includes video streaming at an impressive frame rate of 60 fps and a resolution of 1080p.
• 2019: D-Link Corporation partnered with Microsoft Corporation, one of the leading software manufacturers. The alliance allowed D-Link Corporation to deploy Microsoft’s Vision AI software to enable features such as object and facial recognition in its security and surveillance webcams.

Key Companies profiled:

Some prominent players in the Webcam market include

• Logitech
• Microsoft
• Canon, Inc.
• Cisco Systems, Inc.
• Sony Corporation
• Razer, Inc.

Order a free sample PDF of the Webcam Market Intelligence Study, published by Grand View Research.

Veterinary Artificial Insemination Market pr1

The global veterinary artificial insemination market size was valued at USD 4.2 billion in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. Growing demand for improved animal efficiency and productivity, demand for animal protein, supportive initiatives by industry stakeholders, need for sustainable food production, and adoption of sexed semen in developing markets are some of the key drivers of this market. Genus IntelliGenTM is Genus’ sexed semen technology that is used to develop sexed bovine genetics for Red Sindhi, Gir, Jersey, Holstein, Sahiwal Crossbreeds, and Mehsana and Murrah buffaloes, under the ‘Sexcel’ brand in India.

The COVID-19 pandemic presented several challenges for the market for veterinary artificial insemination. This included challenges in performing AI procedures on-site, dampened demand for AI products and services, and risks and uncertainty due to fluctuating consumption patterns across several key markets. However, the pandemic along with other disease break-outs during the period such as the African Swine Fever (ASF), highlighted the need to produce superior livestock to secure the food source. To safeguard employees and farmers against Covid-19, in June 2020, the Animal Husbandry Department of India launched a program. Under this program, the department was offering telephonic assistance to animal farm owners. In addition, artificial insemination services were being delivered to farmers at their doorstep during the lockdown period. Thereby, such initiatives have contributed to the growth of the market for veterinary artificial insemination.

Gather more insights about the market drivers, restrains and growth of the Global Veterinary Artificial Insemination market

The artificial insemination technique has been commercially available for over 60 years and has been utilized very effectively in the cattle and dairy industry. Various factors such as the risks involved with animal breeding and disease transmission are the major factors leading to market growth. Increasing productivity using AI technology is boosting the market for veterinary artificial insemination. Female offspring born through artificial insemination are found to produce more milk than normal offspring. The use of semen extenders containing antibiotics is also helpful in preventing the transmission of bacterial diseases. Furthermore, the entire procedure of AI is considered to be much more hygienic than natural mating.

Moreover, as the production conditions and the farmers’ needs evolve, many of the animal breeds are no longer suitable for the majority of farms. However, artificial insemination is used as a preferred reproduction method for such breeds and makes it possible to continue to farm the breeds in situ. Associated advantages such as increased efficiency of bull usage, genetic selection, decreased cost of housing, handling bull, and safety for farmers and animals are further anticipated to increase adoption of AI in the coming years. Increasing calf prices is also major factor for adopting the AI technique. According to a report published by the Beef Cattle Research Council in March 2018, bull prices were USD 5,500 to USD 8,000 in Canada from 2015 to 2016. These prices decreased from USD 4,500 to USD 6,500 from 2017 to 2018 owing to the adoption of AI.

The demand for the genetically superior breed of animals is increasing, which in turn is increasing the demand for artificial insemination procedures in animals. The industry players are continuously trying to develop new products along with partnerships, collaboration, and acquisitions to sustain their market share. For instance, in August 2020, Cogent collaborated with AB Europe, a sheep breeding company, to launch a novel sexed semen service for sheep producers in the U.K. In May 2018, Recombinetics partnered with SEMEX for the implementation of a precision breeding program that improved animal health and well-being through hornless dairy cattle genetics.

Browse through Grand View Research’s Animal Health Industry Research Reports.

• Canine Orthopedics Market – The global canine orthopedics market size was valued at USD 221.7 million in 2021 and is estimated to expand at a compound annual growth rate (CAGR) of 8.4% from 2022 to 2030. Growing pet dog ownership, adoption of dog insurance policies, initiatives by key market players, and the growing number of veterinary orthopedic surgeries are some of the key drivers of this market.

• Veterinary Orthopedics Market – The global veterinary orthopedics market size was valued at USD 434.01 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030. Growing pet adoption, pet expenditure, chronic diseases, number of veterinarians, and pet insurance is expected to accelerate the market growth.

Veterinary Artificial Insemination Market Segmentation

Grand View Research has segmented the global veterinary artificial insemination market based on animal type, product, end-user, and region:

• Animal Type Outlook (Revenue, USD Million, 2017 – 2030)
  • Cattle
  • Swine
  • Ovine & Caprine
  • Equine
  • Others

• Product Outlook (Revenue, USD Million, 2017 – 2030)
  • Normal Semen
  • Sexed Semen

• End-user Outlook (Revenue, USD Million, 2017 – 2030)
  • Animal Husbandry
  • Others

• Regional Outlook (Revenue, USD Million, 2017 – 2030)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Market Share Insights

• May 2019: Genus plc partnered with Beijing Capital Agribusiness (BCA) located in China. BCA is expected to assist the company in patented technology applications to develop Porcine Reproductive and Respiratory Syndrome Virus (PrRVS)-resistant animal.
• April 2018: Select Sires introduced an Elite sexed fertility product line. The company would identify sires with superior fertility sex-sorted semen using an Elite Sexed Fertility designation, enhancing its product base.

Key Companies profiled:

Some of the prominent players in the veterinary artificial insemination market include:  

• Genus
• URUS Group LP
• CRV
• SEMEX
• Viking Genetics
• Select Sires Inc.
• Swine Genetics International
• Shipley Swine Genetics
• Stallion AI Services Ltd
• STgenetics

Order a free sample PDF of the Veterinary Artificial Insemination Market Intelligence Study, published by Grand View Research.

Wealth Management Software Industry Overview

The global wealth management software market size was valued at USD 3.76 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 13.9% from 2022 to 2030. The growth of the market can be attributed to the growing adoption of the latest technologies in wealth management advisory. Advances in financial technology, and subsequently, an entirely new approach being pursued to automate and improve the delivery of financial services is expected to contribute to the growth of the market over the forecast period. As such, the growing adoption of financial technology for wealth management bodes well for the growth of the market.

The increasing need to automate the wealth management process is anticipated to propel the growth of the market over the forecast period. Wealth management platforms can serve as a cost-effective alternative for users looking forward to automating workflow and managing wealth. Apart from an open architecture, these platforms can also provide omnibus access and help in digitalizing the overall wealth management process. These platforms can also be easily integrated into various wealth administration applications. Wealth managers have realized that affluent clients are focusing aggressively on diversifying their investments, meeting their personal goals, maintaining financial security, and protecting their wealth.

Gather more insights about the market drivers, restrains and growth of the Global Wealth Management Software market

However, a looming lack of adequate knowledge about investment is keeping these affluent clients from fully achieving their financial goals. Hence, wealth managers have started using wealth management solutions to provide their clients with more tailored and holistic investment services. This is emerging among the major factors driving the adoption of wealth management software. The growing preference for digital investment management solutions among High-Net-Worth Individuals (HNWIs) is anticipated to propel the growth of the market. HNWIs are demanding more control and transparency in the way wealth managers are managing their wealth. At this juncture, wealth management software can guarantee HNWIs the level of control and transparency they desire in the management of their wealth.

Wealth management solutions can also help HNWIs in strategizing their wealth management plans more effectively using various analytical tools. The adoption of innovative advisor technology is gaining significant traction. Machine Learning (ML) and Artificial Intelligence (AI) capabilities are particularly helping financial advisors in interpreting and analyzing large volumes of data and drafting better investment strategies for their clients. However, continued reliance on conventional asset management processes is challenging the growth of the market. Various other factors, such as lack of awareness about wealth management platforms and inadequate technical expertise among enterprise professionals are expected to restrain the growth of the market.

Browse through Grand View Research’s Next Generation Technologies Industry Research Reports.

• Machine Learning Market – The global machine learning market size was valued at USD 6.9 billion in 2018 and is anticipated to register a CAGR of 43.8% from 2019 to 2025. Emerging technologies such as artificial intelligence are changing the way industries and humans work. These technologies have optimized supply chains, launched various digital products and services, and transformed overall customer experience.

• Artificial Intelligence Market – The global artificial intelligence market size was valued at USD 93.5 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 38.1% from 2022 to 2030. The continuous research and innovation directed by the tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing.

Wealth Management Software Market Segmentation

Grand View Research has segmented the global wealth management software market based on covid-19 impact, advisory mode, deployment, enterprise size, application, end-use and region:

• Advisory Mode Outlook (Revenue, USD Million, 2017 – 2030)
  • Human Advisory
  • Robo Advisory
  • Hybrid

• Deployment Outlook (Revenue, USD Million, 2017 – 2030)
  • Cloud
  • On-premise

• Enterprise Size Outlook (Revenue, USD Million, 2017 – 2030)
  • Large Enterprises
  • Small & Medium Enterprises

• Application Outlook (Revenue, USD Million, 2017 – 2030)
  • Financial Advice & Management
  • Portfolio, Accounting, & Trading Management
  • Performance Management
  • Risk & Compliance Management
  • Reporting
  • Others

• End-use Outlook (Revenue, USD Million, 2017 – 2030)
  • Banks
  • Investment Management Firms
  • Trading & Exchange Firms
  • Brokerage Firms
  • Others

• Regional Outlook (Revenue, USD Million, 2017 – 2030)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Market Share Insights

• December 2021: Temenos Headquarters SA announced its expansion of the strategic relationship with Microsoft to meet the increasing demand from banks for SaaS and banking services delivered by Temenos Banking Cloud. This collaboration with Microsoft is to develop financial services in the cloud to drive scalability, operational efficiency, and innovation.
• August 2021: Objectway S.p.A. announced the acquisition of Die Software Peter Fitzon GmbH (DSW), a provider of core banking solutions in Germany. OBJECTWAY S.p.A. expects the acquisition to strengthen its wealth and asset management offerings with a comprehensive and solid core banking platform.

Key Companies profiled:

Some prominent players in the global wealth management software market include

• Comarch SA
• Dorsum Ltd.
• Fidelity National Information Services, Inc.
• Finantix
• Fiserv, Inc.
• Objectway S.p.A.
• Profile Software
• SEI Investments Company
• SS&C Technologies Holdings, Inc.
• Temenos Headquarters SA

Order a free sample PDF of the Wealth Management Software Market Intelligence Study, published by Grand View Research.

North America MRO Distribution Industry Overview

The North America MRO distribution market size was valued at USD 150.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.5% from 2022 to 2030. Various initiatives by manufacturers to attain optimum efficiency are expected to drive North America maintenance, repair, and overhaul (MRO) distribution market growth over the forecast period. MRO distribution is one of the critical components of the industry, which is necessary to eliminate downtime. As a result, industries initiate multiple scheduled and preventive maintenance processes. Industries, where supply activities have little direct accountability, might be driven by stock-outs rather than any overarching supply chain plan.

The U.S. exhibits one of the largest MRO sectors in the world and is characterized by the presence of several leading companies. The overall market highlights strategies, such as mergers, acquisitions, joint ventures, and collaborations, to strengthen a company’s business, in terms of production volumes, and meet the desired demand. The manufacturing sector has been worst hit by the current pandemic as manufacturers of non-essential goods have shut down their production facilities in compliance with the government norms for lockdown. This further led to a domino effect on the industry, which has also suspended operations across all the major economies.

Gather more insights about the market drivers, restrains and growth of the Global North America MRO Distribution market

Fast delivery and maintenance service plays a major role in gaining clients’ confidence. In addition, beneficial product replacement policies and bulk order discounts are lucrative opportunities for end-use companies. Furthermore, the price can be a major factor deciding the choice of supplier for small- and medium-scale businesses. The market is characterized by the presence of a large number of end-use industries in the region, which decreases the bargaining power of the buyers.

Browse through Grand View Research’s Advanced Interior Materials Industry Research Reports.

• Canada Maintenance, Repair & Overhaul Distribution Market – The Canada maintenance, repair & overhaul distribution market size was estimated at USD 13.60 billion in 2020 and is expected to expand at a compounded annual growth rate (CAGR) of 4.3% from 2020 to 2028. Periodic maintenance, repair, and overhaul (MRO) activities to reduce operational costs and to enhance the productivity of industrial operations are expected to drive the demand for MRO distribution.

• Aerospace And Defense MRO Market – The global aerospace and defense MRO market size was estimated at USD 44.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 14.0% from 2021 to 2028. Expansion of fleet by low-cost airlines, coupled with increasing military spending spurred by the ongoing political conflicts and territorial disputes are expected to drive the market for aerospace and defense maintenance, repair, & overhaul (MRO) over the forecast period.

North America MRO Distribution Market Segmentation

Grand View Research has segmented the global North America MRO distribution market based on product, end-use, and region:

• Product Outlook (Revenue, USD Million, 2017 – 2030)
  • Abrasives
  • Chemicals
  • Cutting Tools
  • Fasteners
  • Hand Tools
  • Pipes, Valves & Fitting
  • Power Tools
  • Power Transmission – Hydraulics
  • Power Transmission – Pneumatics
  • Power Transmission – Electrics
  • Rubber Products
  • Seal
  • Welding Equipment & Gases
  • Automation
  • Others

• End-use Outlook (Revenue, USD Million, 2017 – 2030)
  • Food, Beverage, & Tobacco
  • Textile
  • Wood & Paper
  • Mining, Oil, & Gas
  • Metal Processing & Foundry
  • Rubber, Plastic & Non-Metallic
  • Chemicals
  • Pharmaceuticals
  • Electrical & Electronics
  • Transportation
  • Construction
  • Others

• Regional Outlook (Revenue, USD Million, 2017 – 2030)
• North America
  • S.
    • New England
    • Mid-Atlantic
    • East North Central
    • West North Central
    • South Atlantic
    • East South Central
    • West South Central
    • West Region
  • Canada

Market Share Insights

• December 2020: Graybar completed the acquisition of Shingle & Gibb Automation. Headquartered in Moorestown, NJ, Shingle & Gibb Automation provides advanced automation and control solutions to industrial users and original equipment manufacturers (OEMs). Shingle & Gibb Automation was founded in 1933 and had five locations in the eastern United States.
• February 2020: Ferguson PLC completed its purchase agreement to acquire Columbia Pipe & Supply Co., an independent distributor headquartered in Chicago. This acquisition not only increases its existing customer base but also accelerates its Chicago market strategy to expand across the Midwest of the United States rapidly.

Key Companies profiled:

Some prominent players in the global North America MRO distribution market include

• Hillman Group, Inc.
• Wajax Industrial Components
• FCX Performance
• SBP Holdings
• S. Hughes Co., Inc.
• DGI Supply
• Lawson Products, Inc.
• AWC
• Hisco, Inc.
• Kimball Midwest
• Bisco Industries
• Kaydon Corporation
• BDI

Order a free sample PDF of the North America MRO Distribution Market Intelligence Study, published by Grand View Research.

Hereditary Testing Industry Overview

The global hereditary testing market size was valued at USD 5.8 billion in 2019 and is projected to register at a CAGR of 6.3% during the forecast period. The expanding reproductive genetic health space is one of the key market drivers. Key players, such as Natera, have reported a continuous increase in test volumes in women’s health genetic testing for inherited conditions. This reflects the growing acceptance of hereditary tests among the population, thereby accelerating revenue growth.

Furthermore, a consistent rise in demand for newborn screening has led to an increase in sales of DNA testing kits. For instance, in November 2019, the Division of Consolidated Laboratory Services (DCLS) of the Virginia Department of General Services screened 7,868 newborns for nearly 31 hereditary and metabolic disorders. Increasing penetration of newborn screening across the globe is further aiding in revenue growth.

Reforms in genetic testing guidelines have led to inclusion of multigene panel testing for hereditary cancer into clinical practice. The National Comprehensive Cancer Network (NCCN) Clinical Practice Guidelines in Oncology (NCCN Guidelines) for breast, ovarian, and colorectal cancers offers information on some of the cancer risk factors and management recommendations for single and multiple gene panels.

Gather more insights about the market drivers, restrains and growth of the Global Hereditary Testing market

Gradual developments in the distribution model is likely to benefit the genetic testing market. Technology providers are playing a crucial role in market growth by improving their distribution service and increasing the efficiency of technology. Companies are using a cloud-based distribution model to make bioinformatics technology available for use by other laboratories. As of March 2019, around 14 licensees were using Constellation software commercially for the marketing of Non-invasive Prenatal Testing (NIPT) products.

Although these hereditary tests have huge advantages over conventional tests, several industry experts cited the cost and security concerns faced by consumers pertaining to the test. Moreover, the lack of effective regulation of the tests is another key area that demands focused efforts. Despite these challenges, the genetic testing market is constantly expanding owing to the advantages of these innovative tests along with improved healthcare outcomes.

Browse through Grand View Research’s Clinical Diagnostics Industry Research Reports.

• Bioinformatics Services Market – The global bioinformatics services market was valued at USD 1.32 billion in 2015. The industry is anticipated to be driven by increasing government initiatives and funding for genomics oriented R&D, growing application of the technology in drug discovery as well as biomarker development processes.

• Non Invasive Prenatal Testing Market – The global non invasive prenatal testing market size was valued at USD 2.83 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 10.9% from 2021 to 2028. The increasing incidence of chromosomal abnormalities coupled with growing product usage in new applications is driving the organic revenue growth in the market.

Hereditary Testing Market Segmentation

Grand View Research has segmented the global hereditary testing market based on disease type, and region:

• Disease Type Outlook (Revenue, USD Million, 2015 – 2026)
  • Hereditary Cancer Testing
    • Lung Cancer
    • Breast Cancer
    • Colorectal Cancer
    • Cervical Cancer
    • Ovarian Cancer
    • Prostate Cancer
    • Stomach/Gastric Cancer
    • Melanoma
    • Sarcoma
    • Uterine Cancer
    • Pancreatic Cancer
    • Others
  • Hereditary Non-cancer Testing
    • Genetic Tests
      • Cardiac Diseases
      • Rare Diseases
      • Other Diseases
    • Newborn Genetic Screening
    • Preimplantation Genetic Diagnosis & Screening
    • Non-invasive Prenatal Testing (NIPT) & Carrier Screening Tests
  • Regional Outlook (Revenue, USD Million, 2015 – 2026)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Market Share Insights

• September 2021: MedGenome Labs launched its direct-to-consumer category under the brand name Genessense which will offer specialized, evidence-based genetic screening tests that can be ordered online through the Genessense website or via e-commerce platforms in the future.
• April 2019: Ambry Genetics and Intalere Teams partnered. As a result of this partnership, the firm was able to have greater access to healthcare facilities with genetic research in order to better treat patients with elevated cancer risks

Key Companies profiled:

Some prominent players in the global hereditary testing market include

• Myriad Genetics, Inc.
• Invitae Corporation
• Illumina, Inc.
• Natera, Inc.
• Laboratory Corporation of America Holdings
• Hoffmann-La Roche Ltd
• Quest Diagnostics Incorporated
• CooperSurgical, Inc.
• Agilent Technologies, Inc.
• Thermo Fisher Scientific, Inc.

Order a free sample PDF of the Hereditary Testing Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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