E-Cigarette Market to register 21.6% CAGR during 2019–2024

Other than the introduction of new flavors, a number of e-cigarette companies are making use of online channels and are offering promotions and discounts on the purchase of e-cigarettes. For example, in April 2019, Philip Morris International Inc., announced regarding the provision of insurance premiums to tobacco users who are switching toward vaping products. The aim of the plan was to offer 2.5% discount on premium plans to the buyers. 

Get Sample Copy of Report: https://www.psmarketresearch.com/market-analysis/e-cigarette-market/report-sample

When geographic scenario is taken into consideration, Europe, primarily countries such as the U.K., Russia, and France,created the largest demand for e-cigarettes in the past. However, since the researchers are not sure regarding the actual effects of e-cigarettes, several countries are imposing laws regarding the utilization of e-cigarettes. 

The situation is still uncertain in some countries, however, nations such as Mexico, Singapore, Brazil, Saudi Arabia, and Thailand have imposed a complete ban on e-cigarettes, which has certainly reduced the potential growth of the domain. 

  

In conclusion, the demand for e-cigarettes may reduce in the coming years, however, people are adopting these devices to quit the habit of smoking traditional cigarettes

According to a P&S Intelligence report, the global e-cigarette market attained a value of $11.5 billion in 2018 and is predicted to generate a revenue of $41.7 billion by 2024, advancing at a 21.6% CAGR during the forecast period (2019–2024).

Read More

Global Vertical Farming Market Predicted to Observe Rapid Growth in Future

The increasing need for organic fruits and vegetables is one of the biggest factors propelling the demand for vertical farming across the globe. Since the last few years, there has been massive rise consumer awareness regarding organic foods and the numerous health benefits offered by these organic fruits and vegetables. In addition to this, the widespread use of chemical feritlizers, pesticides, and insecticides in the conventional farming practices and increasing per capita income have made the people shift toward organic foods, which has in turn, promoted the adoption of fertilizer-free farming techniques like vertical farming.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/vertical-farming-market/report-sample

The rising demand for eco-friendly methods of food production that entail negligible utilization of pesticides, genetically modified organisms, and artificial fertilizers is one of the biggest factors driving the surge in the vertical farming market value. Moreover, the growing preference amongst the consumers for completely naturally produced food is leading to the rising implementation of vertical farming. 

In addition to being free of toxic chemicals, the organic foods produced by vertical farming are full of flavors, which further leads to the soaring adoption of the technique. The rising focus toward environment-friendly modes of fruits and vegetable farming is another important factor responsible for the surge in the demand for vertical farming. Nowadays, people are increasingly focusing on the farming techniques which can produce crops irrespective of the weather conditions which is significantly contributing to the popularity of vertical farming. 

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=vertical-farming-market

The soaring number of government incentives and measures supporting the cultivation of organic food in several countries is another key factor boosting the adoption of vertical farming practices across the world. Powered by the above-mentioned factors, the global vertical farming market is expected to advance at a rapid rate over the next few years. 

Vertical farming basically refers to the farming method in which the crops are grown in vertically stacked layers. This farming technique incorporates the use of controlled environment agriculture (CEA) technology in order to optimize plant growth. This type of farming process is also known as urban farming or indoor farming in some regions and it is observing increasing popularity throughout the world. 

Read More

COVID-19 Impact Analysis on Europe Cleanroom Technology Market. Insights on Strategies of Key Players

The rising incidence of infectious diseases is one of the key factors resulting in the increasing demand for the cleanroom technology in Europe. As per the European Centre for Disease Prevention and Control (ECDC), human immunodeficiency virus (HIV) infection is one of the most prevalent diseases in the region, with almost 30,000 new cases recorded every year. It was reported that approximately 29,444 people were suffering from HIV in 31 countries of the European Union (EU) in 2016. The other most common diseases prevalent in the region are hepatitis B, respiratory tract infections, and tuberculosis, which is raising the demand for drugs and medical devices.

Due to the above-mentioned factors, the revenue generated from the sale of cleanroom consumables and equipment in Europe is predicted to increase from $1,126.6 million in 2017 to $1,701.8 million by 2023. The Europe cleanroom technology market is additionally expected to advance at a CAGR of 7.2% during the forecast period (2018–2023). Between consumables and equipment, consumables are expected to register faster growth in requirement during the forecast period, owing to their rising adoption, in order to maintain a contamination-free environment in hospitals, research laboratories, and pharmaceutical, medical devices, and biotechnology industries.

Request for sample copy of this report@ http://bit.ly/2JT1P0q

In Europe, pharmaceutical production is increasing at a rapid rate, mainly due to the rising demand for drugs, on account of the increasing prevalence of chronic diseases and surging geriatric population. As per the EFPIA, the region reported pharmaceutical production worth $337,825 million in 2016. Apart from pharmaceutical, cleanrooms are required in the medical devices and biotechnology industries. Out of these, the pharmaceutical industry recorded the highest usage of cleanroom consumables and devices in 2017, primarily due to the rising number of pharmaceutical companies in Europe, which are mandated to have cleanrooms.

Germany recorded the highest adoption of the cleanroom technology in Europe in the past, and this trend is expected to continue during the forecast period. This is mainly attributed to the increasing number of cleanroom technology providing companies and ballooning incorporation of cleanroom products in the biotechnology and pharmaceutical companies in the country. France is predicted to register the fastest growth in the adoption of the cleanroom technology in the continent in years to come, owing to the presence of numerous companies offering and using these solutions. As a result, the European cleanroom technology market will grow rapidly in France.

Hence, it is clear that owing to the burgeoning demand for a pollutant- and contaminant-free environment in the pharmaceutical, biotechnology, and medical devices industries and increasing awareness regarding hygiene and sterilization, the demand for cleanrooms will rise in Europe in future.

Read more: https://www.psmarketresearch.com/market-analysis/europe-cleanroom-technology-market

Read More

What are Key Factors that will Shape Growth of Europe Drug of Abuse Testing Market till 2023?

With the rapid rise of drug of abuse testing in Europe, technological advancements in the field, growing alcohol and drug consumption amongst the youth, and the consequent increase in addiction problems, the European DOA testing market is expected to generate $3.0 billion revenue by 2023. The market is predicted to witness a CAGR of 9.6% during the forecast period (2018–2023), which will contribute toward its huge revenue increase, from the $1.7 billion recorded in 2017.

Request for sample copy of this report@ http://bit.ly/2WefFOB

The high alcohol and drug consumption rates in Eastern and Western Europe, as a result of the rapid rise in the disposable income, have created a serious problem. As per a report by the World Health Organization (WHO), the mortality and disability rates in Eastern Europe, in particular, are much higher than that of Western Europe. For instance, Russia and some of its neighboring countries are witnessing excessively grave alcohol and drug abuse problems, thereby driving the growth of the European DOA testing market.

Depending on type, the European DOA testing market is bifurcated into products and services. The products bifurcation is further categorized into equipment and consumables, with the equipment subcategory including the various devices used for drug testing, such as breath analyzers, chromatography instruments, and immunoassay analyzers. The consumables subcategory comprises the products used for the testing of the intake of illicit drugs, such as cocaine, heroin, marijuana, and methadone. Overall, the services sector is projected to generate revenue of more than $600.0 million by 2023, growing with the higher CAGR, of 11.1%, during the forecast period.

Some of the major trends in the European DOA testing market are the growing mergers and acquisitions and the rapidly increasing number of drug testing innovations. The acquisition of Medical Laboratory Bremen, a laboratory located in north-western Germany, by Sonic Healthcare Limited, in January, 2017, is an example of the increasing number of acquisitions shaping the market. The main reason behind this acquisition was the company’s increasing focus toward expanding its market in Germany, along with strengthening its commitment to medical leadership in laboratory medicine.

In 2017, the market was dominated by the U.K., with a revenue contribution of $276.0 million, which is also projected to display the highest CAGR, of 11.0%, during the forecast period. The high alcoholism and drug use rate and increasing awareness among the people about easy testing methods are fueling the industry prosperity in the kingdom. The European Monitoring Centre for Drugs and Drug Addiction (EMCDDA) claimed that the country has the highest cannabis consumption, in 2017.

Thus, the rapid growth in drug and alcohol consumption in Europe and the steps taken by various regulatory bodies and governments to counter this will ensure the progress of the market.

Read more: https://www.psmarketresearch.com/market-analysis/europe-doa-testing-market

Read More

Business Impacts of COVID-19 on Automated Machine Learning (AutoML) Market. Strategies of Major Industry Competitors

As per a report by P&S Intelligence, in 2019, the global automated machine learning market attained a value of $269.6 million and is projected to generated a revenue of $14.511.9 million by 2030, progressing at a 43.7% CAGR during the forecast period (2020–2030). AutoML solutions are offered through platform and service, including managed and professional. 

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/automated-machine-learning-market/report-sample

The demand for AutoML platforms was higher in the past because of their rising adoption across different industries for operational cost reduction, fraud minimization, and improved customer services. These services and platforms are used by both small & medium enterprises and large enterprises. Other than fraud detection, AutoML services and platforms are used in transport optimization, medical testing, and sales & marketing management applications.

AutoML solutions are projected to be adopted at a considerable rate for sales & marketing management applications in the coming years, which is ascribed to the fact that a number of companies are using these solutions for gaining insights into customer emotion and further facilitate content personalization, customer segmentation, lead scoring, and customer engagement. Industries including manufacturing, banking, financial services, & insurance (BFSI), information technology & telecom, retail, government, and healthcare are increasingly using AutoML platforms for different applications. 

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=automated-machine-learning-market

North America has emerged as the largest automated machine learning market, which is ascribed to technological advancements, presence of major companies, developed IT infrastructure, and advanced BFSI, healthcare, and IT & telecom industries. Other than North America, Asia-Pacific is also expected to increasingly adopt AutoML platforms and services in the coming years, owing to the increasing economic growth, adoption of emerging technologies, rising investments in IT infrastructure, and growing government initiatives towards the development of artificial intelligence technology.

In conclusion, the demand for AutoML is growing because of the growing need for personalized product recommendations.

Read More

How is Increasing Usage of Wireless Electronic Devices Driving Energy Harvesting System Market?

Electronic devices that are wireless have become a very important part of everyone’s lives these days, whether it’s the industrial or domestic scenario. Such devices do not need to be connected to the main power grid and are powered by batteries.

Due to this extensive usage of batteries, manufacturers have been heavily focusing on enhancing their efficiency; however, the fact remains that batteries need to be replaced after a certain amount of time and the ones in use need to be maintained on regular basis. Additionally, these days, there is a high demand for devices and batteries which make use of clean and green energy.

According to a P&S Intelligence report, in 2017, the global energy harvesting system market reached a value of $358.5 million and is projected to generate revenue of $659.6 million by 2023, witnessing an 11.0% CAGR during the forecast period (2018–2023).

Due to all these factors, the shift has been increasingly moving energy harvesting systems, as they are efficient and make use of alternate energy that is gathered from the environment. Energy harvesting systems harness small amounts of energy from the surroundings that is otherwise wasted in different forms. The technology can prove immensely useful for powering up low-power electronics, therefore, the demand for energy harvesting systems is growing rapidly.

These systems are capable of harnessing energy from different sources, such as electromagnetic/radio frequency, light, thermal (heat), and vibration. Out of these, the light energy harvesting technology was utilized the most in the past, which is because of the easy availability of this technology and its innovative applications in the solar energy sector.

Get Sample Copy of Report : https://www.psmarketresearch.com/market-analysis/energy-harvesting-market/report-sample

Other than this, the demand for vibration energy harvesting technology is also expected to rise considerably in the near future, as this technology is being widely adopted in remote locations and harsh environments.

Read More

How will Electric Vehicles Initiative Boost Global Battery Management System Market?

The rising demand for electric vehicles (EVs) across the globe, on account of the increasing government policies and measures supporting the deployment of eco-friendly vehicles, is one of the major factors powering the sale of battery management systems (BMS) throughout the world. For instance, New Zealand joined the global EV initiative in 2018 that has put the country alongside the top electric vehicle markets.

Additionally, the country plans to transition from fossil-fuel-powered transport to that running on clean and renewable electrical energy, over the next few decades. As a result, the global battery management system market is expected to progress at a CAGR of 14.5% during the forecast period (2020–2030), at which its revenue would increase from $5.1 billion in 2019 to $22.3 billion by 2030.

The surging demand for renewable energy due to global warming is another important factor propelling the uptake of battery management systems across the world. As per the International Energy Agency (IEA), renewable sources of energy currently make up nearly 26% of the global electricity consumption, and it is set to touch 30% by 2024, which is driving the sale of lead–acid and lithium-ion batteries.

A BMS helps prolong the life of the battery by making sure it doesn’t operate above the maximum voltage and current, collecting and analyzing operational data, and monitoring its health. Lithium-ion (Li-ion), lead–acid, and nickel batteries are widely used across the world.

Request Sample Copy of This Report : https://www.psmarketresearch.com/market-analysis/battery-management-system-market/report-sample

Amongst these, the integration of BMSs was recorded to be the highest in Li-ion batteries in 2019. This is primarily ascribed to the burgeoning adoption of Li-ion batteries, on account of their numerous advantages, such as higher density, longer life cycle, and stronger resilience. These batteries are also predicted to register the fastest growth in BMS integration during the forecast period. 

Read More

Growing usage of cloud in cyber security to take AI in cyber security market forward

Due to the increasing incidence of cyber crimes across the globe, the adoption of artificial intelligence (AI) in cyber security is expected to rise in the coming years. Since the last few years, the occurrence of cyber crimes and frauds, including card payment and identity thefts, has increased significantly, which has, in turn, boosted the incorporation of AI in cyber security. This is primarily due to the ability of AI-based solutions to tackle cyber fraud by reducing the response time, identifying threats, and providing refining techniques that help in distinguishing attacks requiring quick response. 

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/artificial-intelligence-in-cyber-security-market/report-sample

Mid-tier companies, owing to their weaker security systems and lower investments in cyber security, as compared to the larger organizations, are facing frequent cyber attacks. These attacks are causing these companies to lose millions of dollars in revenue every year, which is further driving the adoption of AI in cyber security. As a result, the global AI in cyber security market is predicted to exhibit exponential growth in the coming years.

Modern cyber-security solutions employ the use of a wide array of AI-powered technologies, such as natural language processing (NLP), image processing, speech recognition, and machine learning. Amongst these, the machine learning technology is expected to play a major role in combating cyber attacks in future. This is mainly ascribed to the characteristic ability of the technology to enhance an organization’s system performance by understanding various patterns and getting acquainted with different situations. Moreover, this technology uses the organization’s existing data to mimic cognitive functions, which protects the systems against cyber-attacks. 

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=artificial-intelligence-in-cyber-security-market

AI is widely used for data security, network security, cloud security, and identity and access security. Out of these, network security recorded the highest implementation of AI-based cyber security solutions in the past. The main factors fuelling the rapid adoption of AI-powered solutions in network security are the massive vulnerabilities and susceptibilities witnessed in the several wireless networks adopted by the major companies for their operations. It is all about network; once hackers get through to the network, they can access all the critical data of a company.

Therefore, due to the escalating incidence of cyber crimes and increasing need for data privacy and protection, the demand for AI-based cyber security solutions is forecast to witness a huge surge in the coming years.

Read More

How is Rising Prevalence of Hospital-Acquired Infections Driving Hospital Infection Therapeutics Market?

Hospitals or other medical facilities are particularly associated with the treatment of diseases and the idea of getting infected with a pathogen while being in the hospitals may be quite foreign to a lot of people. However, hospital infections or hospital-acquired infections affect a lot of people; for example, according to the World Health Organization, of every 100 patients that are hospitalized, at any given time, about 10 in developing and 7 in developed counties will acquire at least one hospital infection. In addition to this, newborns especially are at a higher risk of suffering from healthcare associated disease in emerging economies.

Request for sample copy of this report@ http://bit.ly/2AXVcpy

Some of the hospital infections are catheter-associated urinary tract infections, central line-associated blood stream infections, hospital-acquired pneumonia, surgical site infections, Clostridium difficile infections, and ventilator-associated pneumonia. Much like any other infection, the risk of hospital infections depends on the patient’s immune status. Other than this, prevalence of several pathogens in the local community and infection control practices are also major factors on which hospital infection depend. Some of the major risk factors for these infections include longer hospital stays, older age, multiple underlying chronic illnesses, recent invasive procedures, immunosuppression, frequent encounters with healthcare facilities, and mechanical ventilatory support.

Because of these reasons, the need for preventing and treating hospital infections is growing, which is why the hospital infection therapeutics market is expected to register substantial growth in the coming years. Hospital infections are caused by viral, bacterial, and fungal pathogens, due to which a number of antiviral, antibacterial, and antifungal drugs have been developed. Among these, the largest demand is predicted to be created for antibacterial drugs in the near future. Pneumonia was the most prevalent hospital infection in the past and the prevalence of hospital acquired urinary tract infection is also projected to grow considerably in the coming years.

Geographically, North America has emerged as the largest hospital infection therapeutics market in the past few years, which is attributed to the enhanced healthcare infrastructure, increased awareness regarding healthcare, high ratio of hospitals in comparison to the population, surging aging population, and rising count of multi drug resistant microbial pathogens in the region. Apart from this, the demand for hospital infection therapeutics is also expected to increase significantly in the Asia-Pacific region because of the rising incidence of hospital infections and high requirement for therapeutic drugs in countries including China and India.

In conclusion, the demand for hospital infection therapeutics is growing due to the rising incidence of hospital infections.

Read more: https://www.psmarketresearch.com/market-analysis/hospital-infection-therapeutics-market

Read More

How is Growing Number of Clinical Trials Driving E-Clinical Solutions Market?

The number of clinical trials is rising; the growing prevalence for chronic and lifestyle associated diseases and surging aging population has led to the increased frequency of pipeline drugs, which need to go through clinical trials before they are approved. While before, clinical trials were taking place in Western Europe and North America, during the recent times, emerging countries, such as Poland, China, South Korea, and India, have become popular destinations for conducting clinical trials. This shift has taken place due to the need for reducing operational cost and getting a large pool of patients.

Attributed to this, the need for e-clinical solution software for the collection of data from investigational center and for helping to use the collected data effectively in less time is increasing. E-clinical solutions are utilized for accelerating the clinical development process. The eClinical solutions market size is expected to grow at a considerable pace in the coming years. Types of solutions offered under e-clinical technology are product and professional services. Between these two, the larger demand was created for e-clinical products in the past, which are further predicted to be more in demand in the near future as well. E-clinical professional services are projected to advance at the faster pace in the coming years.

Request for sample copy of this report@ http://bit.ly/2z8xkPa

Different e-clinical products are safety solution, randomization and trial supply management (RTSM) solution, electronic clinical outcome assessment solution (eCOA), clinical trial management system (CTMS), clinical data management system (CDMS)/electronic data capture solution (EDC), and others. Out of these, the CDMS/EDC solution was the most in demand in the past and is further expected to witness the highest demand in the coming years as well. CDM is the collection, integration, and validation of clinical trial data. It aids in managing data flow and data capture instrument and data collection, which is followed by data quality check procedures for assuring quality and lastly database closure.

A key trend in the e-clinical solutions market is the growing adoption of cloud technology for the development of e-clinical suit. Advanced cloud computing aids enterprises to grasp new business opportunities and innovate at a faster pace. The healthcare industry is widely implementing cloud-based technology for exchanging financial, medical, and associated complex data by healthcare organizations. Moreover, the biopharmaceutical companies are making use of cloud-based technology for reducing the time consumed and managing the cost of clinical trial processes. The cloud-based technology is furthermore becoming an essential strategic decision for pharma IT players as a differentiator. 

Read More

How are Energy Conservation Efforts Propelling Grow Lights Market?

The population continues to explode, with 9.7 billion people estimated to inhabit the earth in 2050, compared to 7.7 billion in 2017, according to the United Nations. The already growing population is moving to cities, from rural and semi-rural areas, in search of jobs and better living conditions. 

This is why the size of urban centers is increasing, thereby rapidly leading to the encroachment of farming land. This is creating a problem, as the increasing number of people is leading to the rising demand for agricultural products.

Thus, to feed the growing population, at the same time dealing with the swift reduction in arable land, indoor and vertical farming methods are being adopted. Hence, with the rapid adoption of advanced agricultural practices, the grow lights market is on path to a huge revenue boom in the coming years.

Vertical and indoor farming can be practiced in any enclosed space, such as warehouses, laboratories, and even shipping containers, provided appropriate infrastructure is available. In the absence of sunlight, grow lights remain the only source of ultraviolet (UV) radiation for plant growth, which is why the demand for such products is surging.

Another reason behind the increasing sale of grow lights is the legalization of cannabis in numerous places around the world. For instance, the U.S. state of Colorado allowed the recreational usage of marijuana in 2012. This has already increased the interest of a large number of farmers, who are now looking at cannabis as a lucrative cash crop. 

Get Sample Copy of Report:  https://www.psmarketresearch.com/market-analysis/grow-lights-market/report-sample

With most of the cannabis farming being done indoors, in vertically stacked layers, where grow lights are a necessity, since, being an enclosed space, such settings do not receive sunlight, the demand for these products is going up.

Read More

How is Growing Education Industry Driving AI in Education Market?

The education industry can easily be called one of the most important parts of any country, since without education life would go back to primitive ways, which is why it is no doubt that the industry is growing swiftly at the present time. As per the Bureau of Labor Statistics, there are more than 100K establishments in the private education service industry, approximately 200K when local, state, and federal government institutions are included. 

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/ai-in-education-market/report-sample

With the combination of both, the education industry employs more than 3.5 million people. Attributed to this growth, the education industry, much like any industry really at the present time, is undergoing technological innovations. One of the latest advancements in the industry is the integration of artificial intelligence (AI), which is a rapidly growing technological domain possessing capabilities of altering every aspects of social interaction. In the education sector, AI has begum producing new learning and teaching solutions that are going through testing in different contexts. 

Gone are those days when a simple pen and notebook sufficed for in a classroom. These days, the lives of human beings are surrounded by a number of devices that govern the daily lives and the learning platforms are not foreign to these advancements. According to a P&S Intelligence report, in 2019, the global AI in education market attained a value of $1.1 billion and is expected to generate a revenue of $25.7 billion in 2030, progressing at a 32.9% CAGR during the forecast period (2020–2030).

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=ai-in-education-market

The components of AI include both services, including professional and managed, and solutions, including software tools and platforms and hardware. The larger demand in 2019 was created for AI solutions, owing their increased need for helping educators in automating administrative tasks and exploring more possibilities for enhancing learning in classroom teaching. Machine learning (ML) and natural learning processing (NLP) are the two AI technologies which are used in the education sector. 

The demand for ML is predicted to increase considerably in the coming years, which is attributed to the rising need for automated grading systems, requirement for creating customized assignments for each student as per his/her weaknesses and strengths for improving the overall learning process and feedback, and growing emphasis on intelligent decision-making among educators. The demand for NLP is expected to be higher in the near future as it aids in processing text and speech in an electronic format from discussions and chats on portals that assists students in writing assignments and educators for better assessment.

Read More

Patch management market is growing due to increasing need to mitigate vulnerabilities in software

The biggest rage presently being witnessed in the patch management market is the shifting focus toward automated business processes, throughout the world. Businesses are increasingly switching over to automated processes in order to improve productivity, enhance efficiency, and reduce operational costs. Moreover, automation removes the requirement for manual patch installation, enables the implementation of missing patches through automated workflows, and enhances system insights, thereby increasing the efficiency of the security management process.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/patch-management-market/report-sample

Geographically, North America registered the highest adoption of patch management solutions in 2019, and this trend is expected to continue during the forecast period. In North America, the U.S is expected to record more-significant growth in the demand for patch management solutions, which is mainly ascribed to the increasing number of cyber-attacks and the presence of major  providers of these solutions in the country, such as Oracle Corporation, Micro Focus International PLC, Microsoft Corporation, Qualys Inc., Ivanti Inc., and HPE Company.

The rapid automation of business processes is the key patch management market trend. IT automation helps in integrating various processes and tools, via automated workflow. The conventional process of patch management creates the need for extensive human engagement, in not only accomplishing the process, but also keeping the software products updated with the newest compliance standards and most recently launched features. Contrarily, automating the process provides consistency, improved security, and better system insights, which lead to enhanced protection for organizations.

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=patch-management-market

The major driver for the growth of the patch management market is the increasing need to make the system less vulnerable to security threats. Due to the rising vulnerabilities, the IT system of companies is rapidly being hacked, with the intent of causing harm. The impact of such attacks on integrity, availability of data, confidentiality, and complexity of attacks can be studied to determine the severity of the vulnerabilities. Though the internet has opened doors of growth, it has also increased the risk of cyber-attacks.

Hence, it can be undoubtedly said that owing to the rising prevalence of cyber-attacks, the mushrooming need for advanced security systems and solutions, and the increasing requirement for updated applications, the demand for patch management solutions will observe huge increase in the coming years.

Read More

How is Rising Population Level Fuelling Surge in U.S. HVAC Services Market?

The biggest factor fuelling the demand for heating, ventilation, and air conditioning (HVAC) services in the U.S. is the booming construction sector in the country, primarily due to the rising population level and increasing urbanization rate.

As per the U.S. Census Bureau, the population of the U.S. is set to increase by almost 7% during 2019–2029. As a result, the U.S. HVAC services market is predicted to see an increase in value from $25.6 billion in 2019 to $35.8 billion in 2030 and progress at a CAGR of 3.1% during the forecast period (2020–2030).

In the U.S, the demand for HVAC maintenance and repair, upgradation and replacement, installation, and consulting services is quite high. Amongst these, repair and maintenance services were demanded by a lot of American citizens during till 2019.

It has been observed that HVAC systems that go through frequent maintenance and repair activities lead to 20% more savings in energy consumption and exhibit improved functional efficiency.

The demand for consulting services for HVAC systems, including thorough inspection by technicians, is expected to register quick growth in demand during the coming years.

HVAC systems are widely used in the industrial, residential, and commercial sectors. Out of these, the highest sale of HVAC services was recorded in the commercial buildings in 2019. This is primarily attributed to the massive surge in the construction of various commercial buildings, especially those pertaining to the hospitality niche.

Get Sample Copy of Report: https://www.psmarketresearch.com/market-analysis/us-hvac-services-market/report-sample

Furthermore, the construction of new commercial spaces in the country is expected to propel the adoption of HVAC systems, thereby boosting the need for installation and maintenance services.

Read More

What are Key Factors behind Robust Wound Closure Products Market Prosperity?

Around the world, the volume of surgeries is increasing, because of a rise in the prevalence of various diseases as well as the disposable income of people, especially in developing countries. According to the Centers for Disease Control and Prevention, six among every 10 people in the U.S. suffer from at least one chronic disease. Diabetes, cardiovascular diseases (CVD), cancers, and chronic obstructive pulmonary disease (COPD) are among the chronic diseases with the highest incidence. Several of them require surgeries for effective management, which, in turn, involve making incisions into the living tissue and then closing them.

Therefore, with a rise in the prevalence of chronic diseases and surgery volume, the wound closure products market size is growing steadily. Among all people, those in the older age groups are more susceptible to diseases and injuries, as they have diminished immune function and are also physically weak. Between 2019 and 2050, the number of people above 65 years of age would increase from 703 million to 1.5 billion, as per the latest World Population Ageing report by the United Nations.

Request for sample copy of this report@ http://bit.ly/2h9TZ6A

Additionally, such people’s blood circulation is also often inadequate, which is why their wounds take longer to heal. Similarly, due to the high chance of post-surgical infections in such people, the usage of wound closure products is higher among them. Apart from surgeries, these products are also used for treating the wounds caused by injuries, burns, and chronic diseases (such as the foot ulcers caused by diabetes). The WHO says that every year, 1.35 million are killed in road crashes every year, mostly due to untimely medical assistance and profuse bleeding.

Globally, North America consumes the highest amounts of the products needed to manage wounds, as the population of the elderly, number of burn victims, and incidence of obesity and diabetes are quite high here. According to the Administration for Community Living, under the U.S. Department of Health and Human Services, the number of people in the country more than 65 years old would increase from 49.2 million in 2016 to almost 98 million in 2060. In the coming years though, the wound closure market growth would be the most rapid in Asia-Pacific (APAC), due to the same reasons that currently lead to North America’s dominance on it.

Hence, it is clear that as more people grow old and become chronic disease patients, the surgery volume would increase, which, in turn, would significantly raise the demand for wound closure products.

Read More

How are Surging Cancer Cases Driving Molecular Biology Kits & Reagents and Enzymes Market?

The prevalence of cancer across the world is rising at a significant rate. According to the World Health Organization, cancer is the second leading cause of death worldwide, and was responsible for about 9.6 million deaths in 2018. Cancer basically arises from the transformation of normal cells into tumor cells, which is a multistage process and usually progresses from a pre-cancerous lesion to a malignant tumor. Some of the major risk factors for cancer include alcohol usage, tobacco consumption, physical inactivity, and an unhealthy diet. If diagnosed early, cancer can be dealt with getting proper treatment and palliative care.

However, researchers are still striving to find a definitive cure for cancer, which could further aid in reducing the burden of the disease. Attributed to this, the demand for molecular biology kits & reagents and & enzymes is growing swiftly. These products are utilized for performing ribonucleic acid (RNA) analysis, deoxyribonucleic acid (DNA) isolation, cloning, polymerase chain reaction, DNA sequencing, RNA extraction, and protein analysis. They are also used for performing several diagnostic tests, genetic analysis, molecular tests, and aid in drug discovery and development. Associated with the field of biochemistry, biology, and genetics, molecular biology products allow scientists to understand the cellular systems in a better and simplified manner.

Request for sample copy of this report@ http://bit.ly/2z6RxnP

Because of these factors, the molecular biology kits & reagents and enzymes market is expected to register substantial growth in the coming years. Apart from cancer, these products are also being utilized within the protocol for diagnosing patients who are suffering from diabetes and infections. DNA extraction process takes place with the help of molecular biology products, which is the initial step for the diagnosis of diseases and genetic disorders, including Alzheimer’s disease, sickle cell anemia, and cystic fibrosis. The techniques which are used for extracting DNA are terminal restriction fragment length polymorphism, fluorescence in situ hybridization, and sequencing.

Among the different products, namely kits & reagents and enzymes, the larger demand in the past was created for kits & reagents. Hospitals & diagnostic centers, academic and research institutes, and pharmaceutical and biotechnology companies make use of these molecular biology products. The largest demand for molecular kits & reagents and enzymes in the past was created by academic and research institutes for different research and development activities. The growing adoption of these products in different industries is predicted to result in the growth of the molecular biology kits & reagents and enzymes market.

Thus, in order to provide proper diagnosis for these diseases and for research regarding effective cures, molecular biology products are increasingly being adopted. 

Read More

How is Rising Need for Healthcare IT Solutions Fuelling Progress Global Hospital Capacity Management Solutions Market?

The rising demand for better healthcare facilities and rapid technological advancements in the healthcare sector are the major factors fuelling the demand for hospital capacity management solutions across the world. In addition to this, the mushrooming investments being made by several healthcare information technology (HIT) companies, soaring number of hospitals, and burgeoning need for integrated healthcare solutions are further pushing the demand for these solutions throughout the world. Propelled by these factors, the global hospital capacity management solutions market is expected to exhibit huge growth in the coming years.

Request for sample copy of this report@ http://bit.ly/2FHtjBr

There has been a massive rise in the prevalence of chronic diseases and geriatric population over the last few decades, and this has resulted in a growth in the demand for effective hospital capacity management solutions. These solutions help in enhancing the workflow efficiency and reducing hospital expenses, with the help of effective asset management (proper utilization and maintenance of high-end medical equipment) and bed management software, in order to help in the provision of quality patient care. Bed management measures allow the hospitals to track the rate of utilization of the beds and effectively manage various processes pertaining to bed admission and maintenance.

Globally, North America and Europe are observing the highest usage of hospital capacity management solutions. This is primarily attributed to the increasing incidence of chronic diseases, soaring geriatric population, higher healthcare expenditure, and improving healthcare infrastructure in these regions. Moreover, the swift technological advancements in such software, the rising awareness regarding the applications of these solutions, and raging COVID epidemic are significantly contributing to the growing demand for these solutions in these regions. In North America and Europe, the U.S. and Italy, respectively, are witnessing the widest adoption of such solutions.

Therefore, it is clear that due to the increasing need for automation in healthcare settings, burgeoning demand for the integration of HIT solutions, and the increasing requirement of better healthcare facilities and services, the demand for hospital capacity management solutions will rise significantly in the coming years.

Read More

What are Factors Contributing to the Surge of Cyber Security Market in Asia-Pacific (APAC) in Future?

The rising prevalence of cyber-attacks across the world is one of the biggest factors fuelling growth in the demand for cybersecurity solutions all around the world. Since the last few years, there has been a massive surge in the incidence of cyber attacks, owing to the rising internet penetration, soaring number of smartphone users, increasing trend of bring your own device (BYOD), and escalating enterprise mobility requirements i across the world. 

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/cyber-security-market/report-sample

Due to the increasing awareness regarding security breaches, a majority of information technology (IT) companies (95% of the companies) have significantly increased their expenditure in cybersecurity solutions. The other major factor propelling the demand for cybersecurity solutions is the increasing usage of smartphones across the world. 

Driven by the above-mentioned factors, the global cyber security market is expected to demonstrate huge growth in its revenue over the next few years. North America accounted for the largest share in the cyber security market in 2016, with nearly 9% growth rate during 2013 – 2016. A large number of IT companies are located in North America, making it a hotspot for cyber-attacks.

The modern mobile devices are equipped with a plethora of advanced features similar to personal computers such as GPS navigation, access to email, internet, and many other applications, which consequently make them extremely susceptible to cyber-attacks. 

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=cyber-security-market

Moreover, the security measures in these phones like firewalls are not updated regularly, which make the sensitive information stored in these devices such as contact details and password details much more enticing to cyber adversaries, which in turn, boost the demand for cybersecurity. 

Cybersecurity provides security in areas of network, application, endpoint, wireless, and cloud. Amongst these, the adoption of cybersecurity solutions for areas of enterprise applications is expected to be the highest in the coming years. This is mainly attributed to the rising demand for protecting enterprise data and applications from highly complex cyber attacks.

Read More

How is Increasing Need for 5G Network Propelling Growth of Global GIS in Telecom Market?

Owing to the surging usage of geographic information system (GIS) for mobile and broadband services, especially for tracking the broadband infrastructure, the demand for GIS will increase rapidly across the world. In addition to this, the burgeoning usage of GIS by companies for studying and analyzing the specific areas suitable for their business expansion is significantly boosting the implementation of these systems.

Since the last few years, there have been huge investments for the expansion of the broadband infrastructure and developing high-speed networks, and these have considerably propelled the adoption of GIS in several countries.

Powered by the above-mentioned factor, the revenue generated from the worldwide sales of GIS solutions and provision of related services to telecom companies is predicted to increase from $1.3 billion to $4.6 billion from 2019 to 2030. The global GIS in telecom market is also expected to advance at a CAGR of 12.2% during the forecast period (2020–2030).

GIS is used for capturing, checking, storing, and displaying the data related to the various objects on the Earth’s surface, such as buildings and streets, as well as  topographical features. These systems are used in telecom industry for gathering real-time data and knowledge of the network structure.

GIS-based telecommunications network is widely used by large enterprises and small and medium enterprises (SMEs). Of these, the large enterprises recorded higher use of these systems during the historical period (2014–2019).

Get Sample Copy of Report : https://www.psmarketresearch.com/market-analysis/gis-in-telecom-market/report-sample

This is mainly attributed to the fact that large telecommunications enterprises are increasingly shifting to GIS for improving their network connection and the installation process of their systems.

Read More

Lightning Reduction in Available Farming Area to Fuel Massive Surge in Global Vertical Farming Market

Among the biggest opportunities for the vertical farming market players are the increasing utilization of internet of things (IoT) sensors for the production of crops. The vertical farming industry is shifting toward the implementation of complex sensors for the automated production of crops, in order to increase the yield and also reduce the wastage of water during the farming process. The information collected from the sensors is used for analysis, thereby leading to improved production cycles and processes.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/vertical-farming-market/report-sample

On the basis of growth mechanism, the vertical farming market is categorized into hydroponics, aeroponics, and aquaponics. Amongst these, the hydroponics category accounted for the largest market share, in terms of revenue, historically. The aquaponics category is expected to register the highest CAGR in the future. This is attributed to this growth mechanism’s useful characteristic of combining aquaculture and hydroponics together, in order to develop a closed-loop system, which allows for the efficient production of different types of crops.

Based on structure, the vertical farming market is divided into the shipping container and building-based categories. Of these, the building-based category registered the larger market share, in terms of revenue, in the past. This category, on account of the growing unavailability of agricultural land, as a result of the ever-increasing population and large-scale urbanization, is also expected to record faster growth, as compared to the shipping container category. Its ability to provide almost eight times more farming area than single-level farming is another factor contributing toward the rapid adoption of building-based vertical farming. 

Make Enquiry Before Purchase @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=vertical-farming-market

Globally, the Asia-Pacific (APAC) region is forecast to record the fastest growth in the vertical farming market in the coming years. The major factor contributing toward this rapid advance would be the rapid reduction in the fertile agricultural land in this region. In densely populated countries, such as India and China, the available farming land is witnessing a massive reduction, owing to the burgeoning population level. Furthermore, the increase in the per capita income in these countries is causing rapid progress in the market.

Therefore, the market, due to the decreasing farming area and ballooning demand for organic food items, is expected to witness significant growth in the coming years.

Read More