Why Does North America Account for Highest Next-Generation Firewall Usage?

With rapid advancements in the IT infrastructure, even cybercriminals are becoming cleverer, coming up with more innovative ways to get into somebody’s system, network, or database. For almost a quarter of the century, firewalls have been the primary barrier between a system and the traffic coming in from an external network, such as the internet. But, with time, the limitations of the traditional firewall, such as the inability to differentiate between various types of traffic, owing to it being followed by web protocols, have been exposed.

The traditional technology either rejects or accepts all the incoming traffic, which is why it is becoming unsustainable in today’s era of virtual applications and machines. According to P&S Intelligence, this factor will act as the key driver for the growth of the next-generation firewall market from $2,706.9 million in 2019 to $5,188.8 million by 2025, at an 11.9% CAGR between 2020 and 2025. NGFW not only makes traditional firewall more efficient, through protection protocols, but it also adds additional layers of security, such as application-level inspection and intrusion protection.

NGFW solutions find application in large enterprises, as well as small and medium enterprises (SMEs), of which large enterprises are their more-prolific users. This is because such companies have a more-complex IT infrastructure, with networks, systems, and databases in more locations than one. Additionally, these companies have higher budgets, so they can easily spend on expensive cybersecurity solutions. In the years to come, SMEs are expected to integrate NGFW solutions rapidly, as these companies are increasingly becoming the target of cyberattacks owing to their vulnerable IT networks.

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This market research report provides a comprehensive overview of the next-generation firewall market

• Historical and the present size of the next-generation firewall market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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Rising Incidence of Chronic Diseases to Augment Healthcare Insurance Market Growth

 From valuing $1.7 trillion in 2018, the global healthcare insurance market is predicted to reach $2.2 trillion by 2024, registering a 4.3% CAGR during the forecast period (2019–2024). The factors positively influencing the market growth are the high medical costs, rising prevalence of chronic diseases, surging geriatric population, and the growing gross domestic product (GDP) and healthcare expenditure across the globe. Healthcare insurance covers the surgical and medical expenses of a policy owner. It reimburses the treatment cost of a patient incurred due to an injury or an illness.

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The categories of the healthcare insurance market based on insurance network are home maintenance organization (HMO), point of service (POS), preferred provider organization (PPO), and exclusive provider organization (EPO). In the forecast period, the largest category is expected to be of the EPO with a contribution of $0.9 trillion revenue by 2024. This can be mainly ascribed to the fact that this insurance network covers a large number of physicians and offers low-cost consultation and premiums. The fastest growing category would be PPO, which allows the flexibility to choose the physician outside the network.

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The healthcare insurance market is growing due to the rising number of product launches that offer benefits to customers. For instance, by 2020, Anthem Inc. is planning to launch its own Pharmacy Benefit Manager — IngenioRx. Additionally, CVS Health Corporation has entered into a five-year agreement with the company, where the former would manage certain services, such as prescription fulfillment and claims processing, for IngeionRx. In another example, Cigna Corporation and Express Scripts Holdings entered into a partnership in December 2018, and launched a program, “Healthier Kids for Our Future”, aimed at improving the health and well-being of children.

Therefore, the market for healthcare insurance is expected to witness a significant growth in the forecast period, as the incidence of chronic diseases and cost of healthcare services continue to rise.

This Study Covers

• Historical and the present size of the healthcare insurance market

• Major factors driving the market and their impact during the short, medium, and long terms

• Market restraints and their impact during the short, medium, and long terms

• Recent trends and evolving opportunities for the market participants

• Historical and the present size of the healthcare insurance market segments and understand their comparative future potential

• Major players operating in the market and their service offerings

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Customized Offerings Projected to Drive U.S. Mattress Market

The U.S. mattress market is predicted to generate a revenue of $22,519.9 million by 2030, increasing from $15,728.8 million in 2019, progressing at a 3.5% CAGR during the forecast period (2020–2030), as per a report by P&S Intelligence. The major factors leading to the growth of the market are the rising infrastructure investments in the residential sector and rapidly expanding tourism industry of the country. On the basis of product, the market is divided into latex, memory foam, and innerspring.

Out of these, the memory foam division is projected to register the highest CAGR during the forecast period. The emergence of the direct-to-customer (DTC) model is primarily causing the shift in preference from innerspring to memory foam mattresses. These mattresses can be rolled in a box, which is also called a bed-in-a-box, and the concept has gained immense popularity in recent years among customers. It has been estimated that more than 200 DTC companies are currently operating in the U.S.

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A major trend that is being observed in the U.S. mattress market is the increasing consumer preference for customized mattresses. Manufacturers in the industry, such as Tempur Sealy International, have now started offering the option of customization to customers. They can now choose the firmness, thickness, and size of the mattress as per their convenience. Since the physical attributes of people vary greatly, customized solutions make for better options for people.

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Hence, the market is growing due to the expanding construction industry and rising preference for customized mattresses in the country.

 

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Cathode Material for Automotive Lithium-Ion Battery Market Worth US$ 377.8 Mn by 2030

The global cathode material for automotive lithium-ion battery market generated a revenue of $1,744.9 million in 2019 and is predicted to advance at a CAGR of 6.9% between 2020 and 2030. The market is expected to attain a valuation of $3,777.8 million by 2030. The growing usage of electric vehicles, rapid fall in the costs of cathode materials, and the growth of the energy storage battery industry are the key factors driving the advancement of the market.

With increasing environmental degradation and the deteriorating air quality levels in several countries, the deployment of electric vehicles is increasing rapidly. This is, in turn, pushing up the requirement for lithium-ion batteries, which is subsequently causing the expansion of the cathode material for automotive lithium-ion battery market. According to many reports, over 2.1 million electric cars were sold across the globe in 2019 and this number is predicted to rise beyond 130 million by 2030.

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Geographically, the cathode material for automotive lithium-ion battery market would demonstrate the fastest growth in the Latin America, Middle East, and Africa (LAMEA) region in the upcoming years, as per the forecast of P&S Intelligence, a market research company based in India. This is credited to the fact that the total usage of the automotive lithium-ion batteries is predicted to rise from nearly 1.6 GWh in 2019to 7.6 GWh in 2024.

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Market Segmentation by Type

The research offers market size of the global cathode material for automotive lithium-ion battery market for the period 2014–2030.

• Lithium–Iron Phosphate (LFP)
• Lithium–Manganese Oxide (LMO)
• Lithium Nickel Cobalt Manganese/Lithium Nickel Manganese Cobalt (NMC)
• Lithium–Titanate Oxide (LTO)
• Lithium–Nickel–Cobalt–Aluminum Oxide (NCA)

Market Segmentation by Vehicle Type

• Two-Wheeler
• Passenger Car
• Commercial Vehicle

Market Segmentation by Vehicle Technology

• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle (BEV)

This study covers

• Historical and the present size of the Cathode Material for Automotive Lithium-Ion Battery Market

• Major factors driving the market and their impact during the short, medium, and long terms

• Market restraints and their impact during the short, medium, and long terms

• Recent trends and evolving opportunities for the market participants

• Historical and the present size of the market segments and understand their comparative future potential

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Why is Electric Vehicle (EV) Battery Swapping for Two- and Three-Wheeler Market Booming in Asia-Pacific?

The growing pollution levels in many countries are the primary factors fueling the popularity of electric vehicles. Moreover, the rising requirement for electric two- and three-wheelers in ride hailing and sharing services and the growing deployment of electric three-wheelers for goods and passenger transportation are pushing up the sales of electric two- and electric three-wheelers across the world. The lack of proper charging facilities and the frequent charging requirements of these vehicles pose big problems for vehicle owners.

As a result, many organizations are focusing on developing vehicles equipped with battery-swapping features. This eliminates the requirement for the ownership of batteries by the owners of the electric vehicles. Instead, the batteries are owned and supplied by the swapping service providers. The separation of the batteries from the electric vehicles reduces the costs of electric vehicles. This, in turn, makes the prices of electric vehicles either similar to or in some cases, lower than internal engine combustion (ICE) automobiles.

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Because of the aforementioned factors, the global EV battery swapping for two- and three-wheeler market is predicted to surge from 2020 to 2030. The growing popularity of electric scooter sharing service is a key factor fueling the progress of the market. These services have witnessed a sharp rise in popularity in North America in recent years. This is because these services offer better last-mile connectivity and hyper-localized services in comparison to other shared mobility services.

Across the globe, the EV battery swapping for two- and three-wheeler market is currently registering the highest growth in Asia-Pacific (APAC), as per the observations of the market research firm, P&S Intelligence. In this region, the market is presently booming in India and China, mainly because of the high population density and the high usage of two-wheelers in these countries. The market is also rapidly progressing in Taiwan, on account of the growing popularity of battery swapping in the country.

Hence, it can be said without any doubt that the market would demonstrate rapid expansion throughout the world in the forthcoming years, primarily because of the growing deployment of electric two- and three-wheelers and the rising requirement for battery swapping, on account of the lack of proper charging infrastructure and high prices of lithium-ion batteries, around the world.

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 The research offers market size of the Global EV Battery Swapping for Two- and Three-Wheeler for the period 2014–2030.

Market Segmentation by Service Type

• Pay-Per-Use Model
• Subscription Model

Market Segmentation byBattery Type

• Lead Acid
• Li-Ion

Market Segmentation by Vehicle Type

• Two-Wheeler
  • Pay-per-use model
  • Subscription model
• Three-Wheeler
  • Pay-per-use model
  • Subscription model

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Automotive Tire Market How Top Companies Adapted after COVID-19 Hit Its Business

 The increasing lifespan of automobiles is one of the major factors fuelling the demand for automotive tires throughout the world. The average life span of the vehicles across the world increased from 10.5 years to 12 years during 2010—2018, mainly on account of the increasing enactment of various regulations and policies by the governments of many countries and rising competition amongst the automobile manufacturing companies all over the world. The surging average life spans of vehicles have massively increased the mileage of the vehicles, which has in turn, amplified the incidence of wear and tear on the tires.

The flourishing automotive industry, especially in the Asia-Pacific (APAC) region is another important factor responsible for the soaring sales of automotive tires throughout the world. Driven by these factors, the revenue generated from the worldwide sales of automotive tires is expected to rise from 155.3 billion to 237.2 billion from 2018 to 2024. The global automotive tire market revenue is predicted to exhibit a CAGR of 7.7% during the forecast period (2019—2024).

Automotive tires are widely required in passenger cars, two-wheelers, medium and heavy commercial vehicles, and light commercial vehicles. Out of these vehicles, the passenger cars registered the highest demand for automotive tires in 2018. This is mainly credited to the ballooning sales of passenger vehicles all over the globe and the increasing disposable income of the people in several countries around the world. In addition to this, the rising popularity of crossover utility vehicles (CUVs) and sport utility vehicles (SUVs) are further boosting the sales of automotive tires for passenger vehicles throughout the world.

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One of the prominent trends currently being observed in the automotive tire market is the rising requirement of high-performance, next-generation tires across the world. These tires have recorded a tremendous rise in popularity amongst the automotive companies, especially in the automotive aftermarket. These tires have high fuel-efficiency and generate less noise and have been traditionally used in the luxury passenger cars in the past. However, since the last few years, these tires have been increasingly adopted in CUVs and premium SUVs, mainly on account of the high speed and reliability needs of these vehicles.

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This study covers                                                  

• Historical and the present size of the automotive tire market
• Future potential of the market through its forecast for the period 2014-2024
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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Webgame Market Future Trends, Prominent Players, Covid 19 Impact and Forecast by 2030

The global webgame market is predicted to generate a revenue of $6.5 billion by 2030, rising from $3.5 billion in 2019, advancing at a 5.7% CAGR during the forecast period (2020–2030), according to a study conducted by P&S Intelligence. Other than growing use of smartphones, the rising utilization social media is also resulting in the growth of the market across the globe. At the present time, Facebook, Instagram, and Twitter are introducing various forms of social interaction.

The popularity of these was the highest during 2014–2019 as well, as they offer real-time interaction among players. Owing to their thrill of on-the-spot strategy making and fast-paced nature, real-time games are increasingly surpassing the other variants. Kantai Collection, Ikariam, Habbo Hotel, and FusionFall are some of the very popular real-time games. 

Webgames also have different genres, namely arcade, first-person shooter, sports games, MMORPG, and real-time strategy games, among which, the popularity of first-person shooter games has been increasing swiftly. These games are played from the protagonist’s viewpoint, which makes them thrilling for gamers. Moreover, these games are shorter than other variants, and hence are gaining popularity.

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Geographically, the Asia-Pacific (APAC) region emerged as the largest webgame market in the past, and the situation is likely to be the same in the coming years as well. The growing penetration of tablets, laptops, personal computers, and the internet are driving the regional domain. In conclusion, the surging penetration of smartphones and tablets and increasing utilization of social media platforms are driving the market.

This market research report provides a comprehensive overview of the webgame market

• Historical and the present size of the webgame market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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U.S. Electric Truck Market to register Robust Growth of 51.6% during 2020–2030

The U.S. electric truck market is expected to generate a revenue of $15,084.3 million by 2030, increasing from $211.5 million in 2019, and the market is expected to witness robust growth of 51.6% CAGR during the forecast period (2020–2030). The market is growing due to the increasing government support for the deployment of electric trucks in the country and the falling process of battery packs. In addition to this, electric trucks are cheaper to maintain and operate as compared to traditional diesel trucks.

On the basis of vehicle type, the U.S. electric truck market is divided into heavy-duty truck (HDT), light-duty truck (LDT), and medium-duty truck (MDT). Out of these, the LTDs are predicted to account for the largest share of the market in 2030, owing to the increasing demand for pickup trucks in the country. In the U.S., LTDs accounted for more than 85% of the sales of commercial vehicles. Other than this, the HDT division is predicted to grow at the fastest pace during the forecast period.

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The rapid deployment of electric trucks in the logistics operations is also a major trend in the U.S. electric truck market. The logistics sectors itself has been registering considerable growth in the country since the past few years, owing to the expansion of the e-commerce industry. With the rising requirement for more-convenient and faster deliveries at customers’ doorsteps, the need for effective logistics has been on a rise. Various logistics companies are electrifying their fleet for making their operations optimized.

The supportive government policies are the major reason for the growth of the U.S. electric truck market. Governments on both the state and federal level have set strict targets for reducing carbon dioxide and nitrogen oxide emissions from vehicles. Moreover, in California, which is also the largest market for electric trucks in the country, vouchers and funds are being provided for the purchase of electric vehicles. Up to $20 million are supposed to be provided for the same purpose in the state till 2020.

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In conclusion, the demand for electric trucks in the U.S. is growing due to the favorable government policies and expansion of the logistics sector.

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Global Extended Reality Market Set to be Worth Over $1,000.0 Billion by 2030

The global extended reality (XR) market generated a revenue of $18.6 billion in 2019 and is predicted to attain a valuation of $1,005.9 billion by 2030. Furthermore, according to the forecast of P&S Intelligence, a market research firm based in India, the market would exhibit an explosive CAGR of 48.3% between 2020 and 2030.

The prominent factor fueling the progress of the extended reality market is the growing usage of augmented reality (AR)/virtual reality (VR), smartphones, connected devices, and 5G. Since the last few years, there has been a sharp rise in the number of smartphone users across the world and with the growing penetration of the internet and the rising spending power of people in several countries, this trend is likely to continue in the coming years as well. 

As per a report produced by the GSM Association in March 2020, as of December 2019, there were as many as 5.2 billion unique mobile subscribers in the world. This number accounted for almost 67% of the global population. Furthermore, the number of smartphone users is predicted to rise to 5.8 billion in 2025, accounting for a share of nearly 70% of the global population in that year.

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This will, in turn, massively push up the demand for AR applications in the future. The increasing partnerships and collaborations among the market players and the soaring popularity of gesture-based computing are the other major factors fueling the market boom. Thus, it is quite clear that the market will grow substantially all over the world in the years to come, primarily because of the rising usage of smartphones, growing popularity for AR/VR applications, and the rapid proliferation of AR/VR mobile applications around the world.

This market research report provides a comprehensive overview of the extended reality market

• Historical and the present size of the extended reality market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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What are Major Factors Propelling Surge of Global Second Life Electric Vehicle Battery Market?

The increasing number of electric vehicles (EVs) on the roads, owing to the presence of strict emission policies in many countries because of the increasing pollution levels caused from vehicular emissions, is one of the major factors fuelling the surging demand for second life electric vehicle batteries around the world. For instance, according to the Europe 2020 strategy, the European Union (EU) aims to reduce the carbon dioxide (CO2) emissions from vehicles by 20%, as compared to the emission levels in 1990, by 2020. Similarly, the U.S. targets to reduce the emission levels by 26–28% by 2025.

The batteries adopted in the electric vehicles are replaced very frequently (usually in every four to five years), which is significantly lesser than the complete life span of the electric vehicle itself. Moreover, the older battery, even after replacement, has almost 60—80% of its original power supplying capacity, which makes the battery highly useful in various other applications. Due to these factors, the global second life electric vehicle battery market is expected to exhibit huge growth during the forecast period (2020—2030).

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Across the world, Asia-Pacific (APAC) is predicted to observe the highest usage of second life electric vehicle batteries during the forecast period. In APAC, China is predicted to register the highest utilization of second life electric vehicle batteries during the forecast period. This is primarily credited to the rising adoption of electric vehicles in the country. In addition to this, the country aims to attain 50% share of electric vehicles in the entire domestic fleet by 2025, which will in turn, massively boost the demand for second life electric vehicle batteries in the country in the years to come.

Therefore, it can be concluded that the sales of second life electric vehicle batteries will surge throughout the globe in the upcoming years, owing to the soaring adoption of electric vehicles in many countries and the high charging capacities of the second life EV batteries which make them highly useful in several applications.

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Vertical Farming Market | Analysis, Post Covid-19 Impact | Potential Business Impacts for Key Players

The practice of growing crop in vertically stacked layers is referred to as vertical farming. The technique is basically utilized for producing food in challenging environments, such as where arable lands are rare or their unavailability. Vertical farming aids deserts, mountainside towns, and cities grow various types of vegetables and fruits by making use of skyscraper-like design and precision agriculture techniques. Attributed to such advantages, the global vertical farming market is expected to progress at a significant pace in the near future. 

Hardware and software are the two types of components that are utilized for vertical farming, between which, the demand for different hardware components was significant in the past. Hardware components utilized in vertical farming are hydroponic components (Including water filters, pumps and irrigation, and meters and solutions), lighting (including grow light ballasts, grow lights, and grow light reflectors), sensors (including crop sensors, temperature sensors, PH sensors, CO2 sensors, and nutrient sensors), and climate control (including air purification/control and ventilation fans). 

Among all these the demand for lighting components was the highest in the past. Shipping container-based and building-based are the two types of structures that are utilized for vertical farming, between which, the demand for building-based structure is predicted to increase considerably in the coming years. This farming type offers nearly 8 times more farming area as compared to single level farming land and further aids minimize the farming cost. 

In terms of growth mechanism, aquaponics, hydroponics, and aeroponics are the three techniques that are used for vertical farming. The demand for aquaponics is expected to grow considerably in the near future, since it combines fish farming ad hydroponics for creating an efficient closed loop system. A number of crops can be produced using vertical farming techniques, including tomato, lettuce, pepper, spinach, cucumber, and broccoli. Geographically, North America made the most use of vertical farming techniques in the past, which can be attributed to the growing popularity of commercial urban farming in the region and early adoption of advanced technologies. 

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Other than this, the adoption of vertical farming is also projected to increase in Asia-Pacific (APAC), thereby making the region the fastest-growing vertical farming market in the years to come. This is because of the fact that the fertile agricultural land in the region is decreasing, which is creating opportunities for urban farming. In addition, the high population in India and China is also driving the demand for different agricultural techniques in APAC. 

This market research report provides a comprehensive overview of the vertical farming market

• Historical and the present size of the vertical farming market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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LED Lighting Market Size, Key Vendors, Growth Rate, Drivers, Volume and Forecast Report

With the growing adoption of LED lighting solutions, “the global light emitting diode (LED) lighting market will grow, in valuation, from $30,500.8 million to $70,240.0 million from 2016 to 2023”. According to the forecast of P&S Intelligence, a market research company based in India, the market will progress at a CAGR of 12.6% between 2017 and 2023.

Lamps and luminaires are the most widely used types of LED lighting devices across the world. Of these, the revenue generated from the sales of luminaires was found to be higher over the last few years. For instance, the Indian government announced a smart city development program, under which, 100 cities throughout the country will be converted into smart cities by 2030. 

Geographically, “the LED lighting market exhibited the highest revenue growth in the Asia-Pacific (APAC) region over the last several years”. Furthermore, “the usage of these devices is predicted to increase at the fastest rate in the APAC region in the future years”. This is attributed to the soaring number of initiatives being taken by the governments of various APAC nations for promoting the utilization of energy-efficient lighting systems and the increasing electrification of villages in the APAC countries.

“A major factor fuelling the demand for light-emitting diode (LED) lighting solutions is the increasing number of construction and infrastructural development projects being undertaken by the governments of several countries around the world”. Due to the increasing urbanization and modernization, the governments of various developing nations such as China, Indonesia, and India are increasingly launching large-scale modernization and infrastructural development programs.

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This market research report provides a comprehensive overview of the drone analytics market

• Historical and the present size of the drone analytics market
• Future potential of the market through its forecast for the period 2020– 2030
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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Increasing Mobile Data Traffic is Strongest Driver of Edge Data Center Market

According to the Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update 2017–2022 report published in February 2019, “the mobile data traffic has been estimated at nearly 26.8 exabytes per month in 2019, and it is predicted to reach over 77.5 exabytes per month by 2022.” Apart from the growing mobile data traffic, the rising over-the-top (OTT) traffic is also propelling the demand for edge data centers across the globe.

Because of these reasons, the global edge data center market will grow, in valuation, from $5.3 billion to $53.1 billion from 2019 to 2030. The market is also predicted to advance at a CAGR of 25.4% between 2020 and 2030. with the growing number of internet users, rising popularity of internet-based applications and online streaming services, and the increasing adoption of big data, IoT, and cloud solutions in business operations, the requirement for minimal latency will surge, which will, in turn, fuel the development of edge data centers across the world in the upcoming years. 

Solutions and services are the two main categories, under the component segment of the edge data center market. Between them, the solutions category will exhibit higher growth in the market in the coming years. This category is further classified into cooling, IT racks & enclosure, storage, networking equipment, data center infrastructure management (DCIM), and power and uninterruptible power supply (UPS).

Globally, the North American edge data center market is currently being observed to be the most prosperous, as per the findings of P&S Intelligence, a market research firm based in India. This is attributed to the commercialization of 5G and the increasing investments being made by the governments of North American countries for developing data centers in the region. 

The expansion of the market in this region will be driven by the rising internet penetration and rapid digitization, especially in the developing countries such as China, Indonesia, and India. According to the Internet & Mobile Association of India (IAMAI), the country was home to over 504 million internet users as of November 2019. Further, the organization found that there was a 12% rise in the number of internet users in the country from March to November 2019.

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Increasing Stem Cell Transplant Procedures Pushing Up Medical Gloves Sales in Asia-Pacific

With the recent outbreaks of various contagious diseases such as Middle East respiratory syndrome (MERS), Zika, severe acute respiratory syndrome (SARS), and Ebola, medical gloves are increasingly becoming extremely essential in healthcare operations. The outbreak of the COVID-19 (SARS CoV-2) pandemic has further pushed up the requirement for medical gloves, on account of their ability to prevent direct contact between persons, which is very essential for reducing the spread of the coronavirus.

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As per the estimates of the World Health Organization (WHO), the incidence of chronic diseases would rise by as much as 57% by the end of 2020. Due to soaring population, the prevalence of chronic diseases would grow massively in the developing nations in the coming years. Furthermore, the increasing prevalence of these diseases is pushing up the requirement for surgeries. For example, as per reports, in Mexico, 4,900 coronary artery bypass graft surgeries were performed in 2015.

This number rose to 5,125 in 2016 in the country. Similarly, in France, the number of such surgeries grew from 19,242 to 19,310 from 2015 to 2016. Because of these reasons, the sales of medical gloves are skyrocketing across the world. This is causing the expansion of the global medical gloves market. As a result, the value of the global medical gloves market is predicted to grow from $6,633.4 million to $20,435.6 million from 2019 to 2030.

Geographically, the medical gloves market is predicted to demonstrate the fastest advancement in the Asia-Pacific (APAC) region in the upcoming years, due to the increasing geriatric population, surging number of diagnostic examinations and surgical procedures, and the soaring cases of COVID-19 in the regional countries. In addition to this, the increasing number of stem cell transplant procedures in the APAC countries is fueling the demand for medical gloves in the region.

Therefore, it can be said without any doubt that the sales of medical gloves are predicted to rise enormously all over the world in the coming years, primarily because of the growing incidence of contagious and chronic diseases, the recent outbreak of the COVID-19 pandemic, and the rising awareness about hygiene among the people and healthcare practitioners.

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Demand for Peer-to-Peer Carsharing Services Expected to Increase in Europe

The need for cost-effective mobility solutions is increasing across the globe. Youngsters these days are becoming more and more inclined towards making use of alternative mobility options rather than buying personal vehicles. As people are becoming more aware regarding the negative impacts of fuel-based vehicles on the environment, they are shifting towards more eco-friendly solutions. Ascribed to this, the adoption of peer-to-peer (P2P) carsharing services has increased considerable across the globe. Under this service, car owners are able to rent their personal vehicles to other people in their area. 

In addition to being a cost-effective and convenient solution for users, P2P carsharing services enable car owner to generate additional revenue, thereby aiding them in recovering the car’s cost of ownership. Users of these services can book vehicles as per their requirement, and need to pay for services on the basis of distance and time taken, in addition initial registration cost. These factors make P2P carsharing services a viable option of commuting for users, and are leading to the growth of the global peer-to-peer carsharing market.

Luxury, economy, and executive are the three types of cars that are used for providing P2P carsharing services. Out of these, the demand for economy cars was the highest in the past, and the situation is expected to remain the same in the coming years as well. The high preference for these vehicles can be attributed to their increased fuel efficiency as compared to luxury and executive cars. Users can avail these services for personal or business applications. The demand for P2P carsharing services was higher for personal use in the past and is expected to be higher in the years to come as well.

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This can be ascribed to the fact that most people utilize these services for personal purposes such as commuting to workplace, travelling to specific destinations, such as airport or railway stations, and running errands including grocery shopping. Geographically, the European region is expected to emerge as a major P2P carsharing market in the near future, which can be attributed to the reluctance of people to buy personal vehicles due to their high maintenance needs in the region. In addition to this, the increasing number of initiatives in the region for decreasing environmental pollution and reducing traffic congestion are also resulting in the surging adoption of alternate mobility options.

In conclusion, the demand for P2P carsharing services is growing due to the increasing demand for cost-effective and convenient mobility solutions.

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Business Impacts of COVID-19 on Virtual Mobile Infrastructure Market | Strategies of Major Industry Competitors

The rising need for data security is also a key factor responsible for the increasing adoption of virtual mobile infrastructure. This is mainly due to the fact that VMI allows the storage of data on secure servers and thus ,removes the need for storing data on personal devices. The soaring penetration of 5G network is expected to significantly boost the adoption of VMI in future primarily on account of the fact 5G network offers much higher speed and bandwidth than the 4G network and this will considerably enhance the overall VMI user experience, thereby leading to its high demand.

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Powered by the above-mentioned factors, the global virtual mobile infrastructure market is expected to increase its value from $115.8 million in 2018 to $194.3 million in 2024, with a CAGR of 9.7% during the forecast period (2019–2024). VMI is used in multiple sectors namely IT & Telecom, government, healthcare, and banking, financial services, and insurance (BFSI). Amongst these, the BFSI sector, owing to the rising need for enhanced data security, recorded the highest adoption of VMI in 2018 and is also predicted to demonstrate the fastest growth in the adoption of VMI during the forecast period. 

The faster growth is predicted to be registered by the service division, which is further bifurcated into managed and professional. When industry is taken into consideration, the virtual mobile infrastructure market is primarily categorized into healthcare, banking, financial services, and insurance (BFSI), government, and information technology (IT) & telecom.

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The VMI market is currently witnessing shifting preference toward the use of cloud-based VMI platforms across the globe. Cloud-based solutions commonly include Software as a Service (SaaS) model, in which consumers can virtually access the VMI platforms, through the internet. The cloud-based deployment of VMI platforms offer several advantages to the users such as lower IT infrastructure costs, greater affordability, and higher scalability and flexibility, as compared to the conventional modes of deployment.

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What Role Are Virtual Fitting Rooms Playing in E-Commerce Era?

GSMA’s 2020 Mobile Economy report says that from 5.2 billion in 2019, the number of smartphone users around the world would rise sharply to 5.8 billion by 2025. In other words, compared to 67% in 2019, almost 70% of the people on this planet would own a smartphone. Additionally, compared to 3.8 billion, or 49% of the world’s population in 2019, 5 billion, or 61% of the global population would be a regular mobile internet user in 2025. 

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It is already a well-known fact that the penetration of smartphones and the internet has been instrumental in driving the popularity of e-commerce. While e-commerce gives people the convenience of ordering stuff from home and getting it delivered to them at cost-effective rates, products, especially clothes, can only be tried on once they reach the customer. 

The cameras analyze the person’s physique and movements and digitally superimpose the attire on their own 2D or 3D image, to show people how it would look on them in reality. P&S Intelligence expects the rising usage of these technologies and smartphones to take the virtual fitting room market to $19,250.4 million by 2030, from $3,128.6 million in 2019, at an 18.5% CAGR between 2020 and 2030.

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Not anymore! With the virtual fitting room concept, clothes can be tried on even before customers get their hands on them, via technologies such as AI, augmented reality (AR), and virtual reality (VR). Anyone who has used Snapchat filters or even Photoshop would easily grasp the concept. A virtual fitting room is a digital representation of a fitting room, wherein images taken from cameras and processed by AI, AR, and VR let a person try on clothes and other pieces of attire in the virtual space. 

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Demand for Electric Bus Charging Stations Highest in Asia-Pacific due to Increased Usage of Electric Buses in China

 The preference for electric vehicles has increase significantly all across the globe. This can be attributed to the surging air pollution levels, caused due to conventional ICE vehicles, rapid depletion of fossil fuels, and growing focus on renewable energy sources. Since electric vehicles can aid in curbing the emission of greenhouse gases into the atmosphere, their adoption has been increasing among people since the past few years.

While previously, the focus has majorly been on electrification of private vehicles, such as motorcycle, cars, and schools, now governments of several countries are also focusing on electrifying the public transport systems of their countries. Owing to this, the global electric bus charging station market is expected to register substantial growth in the years to come. The adoption of electric buses has particularly been increasing because of various incentive programs, including grants, tax rebates, and subsidies. Therefore, as the adoption of electric buses will rise, the need for related charging infrastructure will grow as well. 

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The global electric bus charging station market is predicted to attain a revenue of $12.3 billion by 2025, increasing from $6.6 billion in 2019, and is predicted to grow at a 9.7% CAGR during the forecast period (2019–2025). On the basis of type, the market is divided into inductive charging, depot charging, and opportunity charging, among which, the depot charging division contributed the largest revenue share to the market in 2018. As these buses have similar operations as diesel buses, they are easier to operate.

The Asia-Pacific region held the major share of the electric bus charging station market in 2018, which can primarily be attributed to fact that China is the largest electric bus market across the globe. The country accounts for 99.0% of the total sales of electric buses around the world. This increasing penetration of electric buses in the country is bound to create high demand for related charging infrastructure, including electric bus charging stations.

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In conclusion, the market is growing due to the surging pollution across the globe, increasing use of electric buses, and government initiatives.

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Silicon on Insulator Market Trends, Segmentation, Key Players, Application And Forecast

According to a report by P&S Intelligence, the global silicon on insulator (SOI) market is predicted to generate a revenue of $2,285.5 million by 2024, increasing from $684.9 million in 2018, progressing at a 22.7% CAGR during the forecast period (2019–2024). The market is growing due to the rising investments in the SOI ecosystem and increasing requirement for SOI wafers in the consumer electronics applications. In terms of wafer size, the market is divided into 300 mm, <200 mm, and 200 mm. 

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Out of these, the 200 mm division accounted for the largest share of the market in 2018, due to the increasing demand for RF-SOI substrates, specifically designed for automotive and mobility industries, from Asia-Pacific and North America. On the basis of wafer type, the market is categorized into imager-SOI, radio frequency-SOI, photonics-SOI, fully depleted SOI, power-SOI, and partially depleted SOI, out of which, the RF-SOI category held the major share of the market in 2018. 

RF-SOIs are widely being utilized in innovative LTE smartphones. In addition to this, the increasing investments for the development of 5G network is also driving the demand for RF-SOI. The FD-SOI category is expected to witness the highest CAGR during the forecast period in the SOI market. These wafer types are widely used for ultra-low power applications such as wearable devices and smart appliances. Moreover, the cost-efficiency and relatively high performance of these wafers is leading to the category’s demand. 

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The Asia-Pacific (APAC) region held the largest share, of 55.4%, of the SOI market in 2018. Countries including South Korea, China, and Japan are widely focusing on the introduction and expansion of the 5G network services in the years to come, which is the major driving factor of the regional market. Moreover, the rising investments for the development of the 5G technology in APAC is also predicted to result in the growth of the regional market during the forecast period. 

This market research report provides a comprehensive overview of the SOI market

• Historical and the present size of the SOI market
• Future potential of the market through its forecast for the period 2019– 2024
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential

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Electric Scooters and Motorcycles to Dominate Indian Roads in Coming Years

Due to the rising pollution and the increasing provision of financial incentives by the government, the sales of electric scooters and motorcycles are booming in India. In 2019, nearly 152.0 thousand units of electric motorcycles and scooters were sold in the country, registering a 20.6% growth annually from 2014. The Indian electric scooter and motorcycle market would reach a sales volume of 1,080.5 thousand by the end of 2025, exhibiting a CAGR of 57.9%between 2020 and 2025.

In terms of retail sales value, the market is predicted to advance at a CAGR of 63.9% from 2020 to 2025 and attain a revenue of more than $1.0 billion in 2025. A key factor fueling the growth of the market is the provision of lucrative financial incentives and subsidies on electric vehicles by the government. Moreover, the government is also providing tax exemptions and purchase rebates for promoting the utilization of electric vehicles and two-wheelers in the country.

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The ballooning sales of these scooters would be driven by the availability of a wide array of electric scooter models in the country, their affordable prices, and their ability to serve as excellent alternatives to the traditional fossil fuel-powered mopeds. According to P&S Intelligence, a market research company based in India, the Indian electric scooter and motorcycle market is currently demonstrating the highest growth in Uttar Pradesh out of all the states in the country.

The surge of the market in Uttar Pradesh is caused by the increasing penetration of electric motorcycles and scooters in the state. Moreover, these two-wheelers are registering soaring sales in the tier 2 and tier 3 cities of the state. Because of the rising demand for these vehicles in the state, many original equipment manufacturers (OEMs) are rapidly increasing their dealer network. This is, in turn, pushing up the sales of electric motorcycles and scooters in the state.

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Hence, it can be safely said that the market will exhibit rapid growth in the coming years, mainly because of the rising implementation of favorable government policies regarding the sales of electric vehicles and the increasing consumer preference for electric scooters and motorcycles over their fuel-based variants in the country. 

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Green Technology and Sustainability Market Trends, Segmentation, Key Players, Application And Forecast

Green technology and sustainability solutions are widely used in environment management, air quality management, green buildings, water and wastewater management, climate change management, and solid waste management applications. Amongst these, the environment management applications are expected to witness the fastest growth in the adoption of green technology during the forecast period. This is primarily attributed to the rapidly degrading soil quality, owing to the surging pollution levels and intensive farming practices.

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Green technologies can help farmers in pinpointing the ideal time to spray, plant, and harvest, which would, in turn, reduce the usage of pesticides and fertilizers. The biggest phenomenon currently being witnessed in the green technology and sustainability market is the rising usage of smart grids. The development of smart technologies has boosted the adoption of automation, distribution, communication, and metering processes, thereby driving the smart grid usage. 

For instance, smart meters help consumers in reducing power wastage by assisting them in keeping track of their power consumption. These grids also advise consumers on power optimization methods. In addition to this, smart grids play a major role in reducing the supply gap during periods of peak demand, by monitoring and tracking the electricity requirement of consumers. Globally, North America recorded the highest adoption of green technology and sustainability solutions in 2019.

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This is mainly ascribed to the huge investments made by private and public companies for the development of analytics and blockchain technologies, for the residential, commercial, and industrial sectors of the region. Furthermore, the efforts made by the governments of the two North American countries for integrating advanced technologies in the utilities sector, in order to ensure sustainability, have also contributed massively to the wide-scale adoption of green technologies in the region.

Hence, it is clear that due to the burgeoning adoption of building automation systems and the rising need for low-carbon electricity generation, the demand for green technologies and sustainability solutions will boom in the coming years.

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Rapid Advancement Expected in Global Handicrafts Market in Future

Travel & tourism activities has increased considerably across the globe over the past few years. Now that various forms of transportation are available, ranging from cheap to expensive, a larger number of people have taken an interest in exploring the world. Furthermore, globalization and increased disposable income of people in various countries have also resulted in the growth of the travel and tourism industry. Getting acquainted with the culture of a new place is a major aspect of traveling that people look forward to, and the artistic and cultural aspects of any society are almost always deeply rooted in their handicrafts items.

The global handicrafts market is registering growth because of the fact that people usually buy such items for presenting their family and friends with some kind of souvenirs. In addition to this, handicrafts are cheap to begin with and make for excellent ornamental pieces. The artisans in this domain wither work independently or are employed by small companies or exporters. The initial investment in this domain is less and companies can employ cheap labor, owing to which, the industry is growing rapidly in emerging economies, such as India.

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As per a report by P&S Intelligence, the handicrafts market is divided into officeware, furnishings & furniture, kitchenware, toys, gardenware, bathroom accessories, jewelry, and others. Among all these, the furniture and furnishings division is predicted to advance at a considerable pace in the years to come. The domain has further been registering shifting preference to contemporary styles from ethnic designs. In addition to this, the combinations of these styles is also gaining popularity these days. Owing to these trends, artisans have also started paying attention to the quality of products.

In conclusion, the demand for handicrafts is growing due to the expanding travel & tourism industry and surging demand for developed countries.

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E-Signature Market Growth Rate, Developments In Major Areas, Market Size, Dynamics, Opportunities, & Forecast With Demographic Data Till 2030

The surging popularity of online documentation processes is another major factor fuelling the rising demand for e-signatures across the world. In addition to this, the governments of various countries all around the world are rapidly implementing measures and policies for promoting the adoption of e-signatures all over the world. 

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Due to these factors, the global e-signature market generated a revenue of $951.3 million in 2019. The market is expected to advance at a CAGR of 24.6% during the forecast period (2020—2030). One of the prominent trends currently being witnessed in the e-signature market is the rising provision of e-signature solutions through software as a service (SaaS) model. 

This is mainly ascribed to the fact that the SaaS model allows the utilization of e-signature solutions without their customization and integration and immediately after their procurement. Due to this reason, governments and organizations across the world are increasingly preferring the adoption of SaaS-based e-signatures. Furthermore, the SaaS-based e-signature solutions are being increasingly used for document signing procedures by external organizations, sales, legal departments, and human resources.

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Across the globe, the Asia-Pacific (APAC) region is predicted to observe the fastest growth in the adoption of e-signature solutions during the forecast period. This is primarily attributed to the rising number of small and medium enterprises (SMEs), increasing investments being made in the information technology (IT) sector, rapid economic growth, increasing incorporation of various advanced technologies such as machine learning (ML)and artificial intelligence (AI), and enhancing digital infrastructure in the region.

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Rapid Advancement Expected in Global Midibus Market in Future

One of the major factors propelling the production of midibuses  is the upgradation of the transport infrastructure by the governments of various countries all around the world. Moreover, the rising global warming and environmental damage caused by the usage of conventional modes of transport have led to the enactment of stringent climate protection policies and agreements such as the Paris climate agreement, which is in turn making several countries, especially the ones in the European Union (EU), switch toward the adoption of energy efficient, sustainable and eco-friendly modes of transpiration such as the midibuses.

The rising urbanization and soaring population levels are the other major factors boosting the demand for midi buses across the globe. Due to these factors, the global midi bus market is expected to register tremendous growth during the forecast period (2020—2030). A midibus is basically a single decker minibus, which is usually smaller than a full size single decker minibus but larger than a conventional variant. The length of a midibus is usually in the range of 8–11 meters. 

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Globally, Asia-Pacific (APAC) is predicted to register the highest growth in the adoption of midibuses during the forecast period, due to the increasing population and soaring government initiatives in India and China for promoting the adoption of electric buses. For instance, the Indian government launched the National Electric Mobility Mission Plan (NEMMP) 2020 in 2019 for propelling the sales of electric and hybrid automobiles in the country. The burgeoning sales of electric vehicles will propel the adoption of electric midibuses in the country, which will in turn boost the growth of the midibus market in the country in future.

Therefore, it can be said without any hesitation that the sales of midibuses will shoot-up throughout the world in the coming years, mainly on account of the increasing need for environment-friendly modes of transportation and the improving transport infrastructure in several countries.

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This market research report provides a comprehensive overview of the midibus market.     

This study covers                                           

1. ·         Historical and the present size of the midibus market
2. ·         Future potential of the market through its forecast for the period 2020– 2030
3. ·         Major factors driving the market and their impact during the short, medium, and long terms
4. ·         Market restraints and their impact during the short, medium, and long terms
5. ·         Recent trends and evolving opportunities for the market participants
6. ·         Historical and the present size of the market segments and understand their comparative future potential
7. ·         Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
8. ·         Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
9. ·         Major players operating in the market and their service offerings
10. ·         Recent strategic developments by the major players in the market

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