What are Main Factors Driving Growth of Global Digital Freight Forwarding Market?

Some of the major factors propelling the demand for digital freight forwarding solutions are the soaring volume of domestic and international trade and the increasing need for time-controlled deliveries across the world. In addition to this, there has been a massive rise in the incorporation of several advanced technologies such as artificial intelligence (AI), internet of things (IoT), and big data analytical solutions in digital freight solutions, which have significantly boosted the demand for digital freight forwarding solutions across the globe.

Due to the above-mentioned factors, the global digital freight forwarding market is predicted to exhibit substantial growth during the forecast period (2020–2030). Digital freight forwarding basically refers to the adoption of digital platforms in order to provide a much broader range of logistics services as compared to the traditionally adopted manually controlled logistics operations. Digital freight forwarding is commonly adopted by brokers, third-party logistics (3PLs) providers, shippers, forwarders, and carriers. Out of these, the 3PLs providers are expected to register the highest adoption of digital freight forwarding solutions in the near future, as they are an important cog in the supply chain machinery.

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Globally, North America observed the highest adoption of digital freight forwarding solutions in 2019. This is primarily ascribed to the fact that the U.S. is the undisputed global leader in international trade. In addition to this, the region is home to some of the major digital freight forwarders in the world. The digital freight forwarding market is expected to register the most rapid advance in the Asia-Pacific (APAC) region in the immediate future. This is credited to the surging number of manufacturing bases and special economic zones (SEZs) in the region.

This study covers

• Historical and the present size of the digital freight forwarding 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

• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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Next-Generation Firewall Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2025

P&S Intelligence published a new research report, titled, "Next Generation Firewall Market Market: Global Industry Analysis and Forecast till 2025, The rising instances of cyber-attacks, popularity of the bring-your-own-device policy, and challenges associated with traditional firewalls are leading to the adoption of advanced cyber security solutions. This is why the next-generation firewall (NGFW) market is expected to grow from $2,706.9 million in 2019 to $5,188.8 million by 2025, at an 11.9% CAGR during 2020–2025.

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NGFW operates beyond protocol and port inspection and blocking to offer intrusion prevention, application-level inspection, and intelligence gathering from outside the firewall. It combines port address translation, URL blocking, packet filtering, and network address translation. The growing IoT usage is a key trend in the next-generation firewall market. Companies are rapidly embracing the IoT technology to make better use of the asset sharing model, outcome-based model, pay-per-usage model, and other advanced business models.

Additionally, IoT also helps businesses gain real-time operational insights into security issues and equipment monitoring. However, IoT devices give rise to data security issues, as they are connected to the internet. Thus, to combat the various applications, protocols, and internet-based security threats associated with IoT, companies are leveraging NGFW. During the forecast period, the services division would observe faster progress, as the demand for professional services is rising, as a result of the heavy usage. 

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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 2020-2025
• 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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Auto ML Market Growth Analysis, Post COVID-19 Impact | Potential Business Impacts for Key Players

P&S Intelligence published a new research report, titled, "Automated Machine Learning Market: Global Industry Analysis and Forecast till 2030, These days business cannot just be conducted with producing quality products, but there’s a lot more to it than meets the eye. Provision of enhanced customer experience is one of the major aspects that need to be taken care of by organizations if they want to get ahead of their competition. In order to do that, enterprises these days are focusing on providing their customers with personalized product and content recommendations.

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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). The ability of predicting customer’s requirements, and providing provocative customer experiences on the basis of this understanding, is changing how companies interact with their customers.

However, ML has conventionally required running complex data infrastructure for collecting and centralizing data across sources and large in-house data science teams for training and productionizing these models. Attributed to this, companies are now turning to automated ML services, which make it easier for companies to build and use ML tools in a real world by running systematic processes on raw data and selecting models which gathers the most relevant information from the generated data.

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This market research report provides a comprehensive overview of the automated machine learning market

• Historical and the present size of the automated machine learning 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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Business impacts of COVID-19 on India Retail Logistics Market. Strategies of major industry competitors

The biggest factor fuelling the growing demand for retail logistics in India is the flourishing e-commerce sector in the country. Since the last few years, there has been a huge rise in the e-commerce sector in India, mainly on account of the soaring urbanization, rising disposable income of people, and changing consumption habits of consumers. The consumers are increasingly preferring the doorstep delivery of essential goods in the country, which is boosting the development of logistics services. The Indian online retail market is currently valued at $20.0 billion and this number is expected to shoot-up in future.

Due to the above-mentioned factor, the Indian retail logistics market is predicted to demonstrate huge growth during the forecast period (2020–2030). In India, the retail logistics solutions are provided through online and offline methods. Of these, the offline retail logistics solutions are expected to register faster growth in adoption during the forecast period. This is mainly ascribed to the thriving e-commerce industry, rising internet penetration, and mushrooming number of smartphone users in the country. Moreover, the increasing popularity of online retailing will further boost the adoption of online retail logistics solutions in the country.

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One of the biggest trends presently being witnessed in the Indian retail logistics market is the rising incorporation of digital freight brokerage for logistics services. Due to the adoption of digital freight brokerage services, the on-demand delivery of goods is now possible in several regions. In addition to this, these digital freight brokerage services enable the real-time tracking and monitoring of transported goods, thereby enhancing the security in transportation and reducing the risk of loss of products in transit.

In India, the retail logistics solutions and services are widely used in tier-1, tier-2, and tier-3 cities. Amongst these, the tier-1 cities of the country such as Delhi, Mumbai, Bangalore, Kolkata, Chennai, and Hyderabad are observing escalating demand for retail logistics solutions and services. The main factors responsible for the growth of these services in the tier-1 cities are the presence of a huge consumer base and the rising purchasing power of the people residing in these cities as compared to the people living in the tier-2 and tier-3 cities.

Hence, it can be undoubtedly said that owing to the thriving e-commerce sector in the country, the demand for retail logistics services will boom in India over the next few years.

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How are Technological Innovations Driving Human Enhancement Market?

P&S Intelligence published a new research report, titled, "Human Enhancement Market: Global Industry Analysis and Forecast till 2030, There was a time when imaging that a person with disability, including the inability to hear, see, and walk properly, had no option but to live with their existing condition. However, technological advancements have changed the scenario and further have the potential to essentially cure such conditions. The innovations that are occurring in therapeutic and restorative context have the capability to be applied in other contexts and treat non-pathological conditions. Various pharmaceutical products and technologies developed for medical purposes are already being utilized by humans for enhancing some aspect of their bodies.

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The human enhancement technology refers to basically any attempt made for overcoming the current limitations of the human body, permanently or temporarily, through artificial or natural means. It can also be defined as the utilization of technological means for selecting or altering human capacities and characteristics. Technologies such as biotechnology, nanotechnology, cognitive science, and nanotechnology are being used for improving human performance. Owing to these benefits of the technology, the human enhancement market is set to attain a value of $271.6 billion in 2030, rising from the generated revenue of $64.8 billion in 2019, advancing at a 14.7% CAGR during the forecast period (2020–2030).

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The different technologies included under the concept of human enhancement are smart devices, exoskeletons, implants, and medical devices. Among these, the largest demand in the 2019 was created for implants, which can be ascribed to the growing prevalence of chronic diseases and neurological disorders and increasing geriatric population. The requirement for active implants is growing because of the rising aging population and passive implants are being utilized for the younger population suffering from bone injuries.

This market research report provides a comprehensive overview of the human enhancement 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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3D Printing Market to Reach $31.8 Million by 2023

When the industrial revolution started in the latter half of the 18th century, it revolutionized the manufacturing processes for different products. What was before being done with the bare but skilled hands of people, now could be done on a larger scale and with much more efficiency, all due to the emergence of a number of machines.

The manufacturing process made use of subtractive or formative techniques for making different products. While these methods may have been efficient in the past, these days the need for producing products in as much less time as possible has increased significantly, owing to the surging population and changing customer preferences.

As per a P&S Intelligence report, in 2017, the global 3D printing market generated a revenue of $8.5 billion and is expected to attain a value of $31.8 million by 2023, progressing at a 24.6% CAGR during the forecast period (2018–2023).

Therefore, after subtractive manufacturing 3D printing technique, also known as additive manufacturing, was developed. Under this technique, physical objects are manufactured by depositing materials in layers based on the basis of a digital model. Since the utilization of 3D printing instead of conventional manufacturing techniques yields better results in less time and without wastage, its demand is rising rapidly across the globe.

The different components which utilized in the 3D printing process are software, printer, service, and material. These components are used in various kinds of 3D printing processes such as material jetting, material extrusion, vat photopolymerization, sheet lamination, direct energy deposition, binder jetting, and powder bed fusion.

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Because of the ability of powder bed fusion to manufacture complex shapes in different industries including architecture & construction, aerospace & defense, and automotive, its demand was the highest in the past. 

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COVID-19 impact analysis on European Advanced Driver-Assistance Systems Market. Insights on strategies of key players

The need for enhanced security and safety features in vehicles is rising now more than ever, since the number of vehicles on roads has increased considerably all across the globe including Europe. Automobile manufacturers have been working tirelessly on integrating different safety features in vehicles which may improve the driving experience for people. One of the major technological advancements that have happened regarding the same is the development of advanced driver assistance systems (ADAS), which is basically a number of features and functions that a vehicle is equipped with in order to enhance the safety of both the driver and pedestrians.

These systems can aid in reducing the severity and the total number of motor vehicle accidents on roads. ADAS has the capability to warn drivers of potential dangers, intervene for helping the driver to remain in control for preventing an accident, and further reducing the severity of an accident if it cannot be prevented. At the present time, ADAS, having been undergone a number of technological enhancements, is integrated with various features for making the driving experience as smooth as possible. The technology is widely being integrated in vehicles to ensure that the number of accidents on roads is lessened.

Because of these factors, the European ADAS market is predicted to grow at a substantial pace in the years to come. ADAS can be integrated in passenger cars, medium and heavy commercial vehicles, and light commercial vehicles. A number of sensors are included in ADAS such as laser sensor, light detection and ranging sensor (LiDAR), ultrasonic sensor, image sensor, infrared sensor, and radar sensor. Among all these, radar sensors are expected to the most in demand in the near future. Along with this, LiDAR sensors are also projected to be in considerable demand in the coming years owing to innovations in the automotive industry and government regulations for vehicle safety.

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In 2019, the major reason for the rising integration of ADAS in vehicles was the stringent government regulations pertaining to the safety of vehicles in the European region. For example, in November 2019, it was mandated by EU that all motor vehicles, including commercial and passenger vehicles, are required to be equipped with DMS by mid-2022. Such initiatives are projected to result in the growth of the European ADAS market in the near future.

In conclusion, the requirement for ADAS in Europe is expected to grow in the coming years due to the rising concerns regarding safety of vehicles.

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