How Is Defense Sector Fueling Unmanned Ground Vehicles Market Growth?

A number of factors such as the surging use of robotics in areas affected by biological, radiological, chemical, and nuclear attacks and the burgeoning demand for autonomous systems in the commercial and defense sectors will facilitate the unmanned ground vehicles market growth during the forecast period (2021–2030). Moreover, the increasing government investments being made in the development of UGVs will also accelerate the market growth in the coming years. According to P&S Intelligence, the market generated a revenue of $2,489.2 million in 2020.

Unmanned Ground Vehicles Market Outlook

One of the key growth drivers for the market is the booming demand for UGVs from the defense sector. The surging investments being made by governments in upgrading their defense fleets and the mounting military expenditure of several countries will fuel the adoption of UGVs in the defense industry. These vehicles are used for transportation, combat support, and search and rescue operations. For example, in March 2020, HORIBA MIRA secured a $3.25 million (GBP 2.3 million) contract to provide VIKING autonomous UGVs to the U.K. Defence Science and Technology Laboratory (Dstl).

Globally, North America will account for the largest share in the unmanned ground vehicles market during the forecast period, with the U.S. contributing the highest revenue to the regional market. The presence of the world's leading manufacturers, users, and exporters of unmanned military systems in the U.S. contribute to the growth of the market in the region. Both North American countries are awarding major contracts to the leading unmanned ground vehicle manufacturers for procuring combat-capable UGVs. For instance, the U.S. has deployed numerous unmanned systems along the Mexico border to ensure that civilians don’t get hurt in gang-related disputes and violence.

Thus, the surging use of UGVs in the defense sector and rising advancements in autonomous UGV technology will support the market growth in the coming years. 

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Over $10,000.0 Million Growth Expected in Healthcare Cognitive Computing Market till 2024

Around the world, the number of clinical trials and drugs being discovered is increasing, which is leading to the generation of massive volumes of data. To assimilate and analyze all this data to understand the medical condition of patients and offer effective therapy, the use of machine learning, natural language processing (NLP), information retrieval, and automated reasoning is rising around the world. Numerous hospitals in Europe and North America have already integrated these advanced technologies in their operations. For instance, the Roald Dahl Foundation, which is a charity organization, and Alder Hey Children’s Hospital adopted these solutions in May 2016.

Thus, with the rising incorporation of these technologies in patient care, the healthcare cognitive computing market, which valued $1,722.0 million in 2017, is projected to grow to $13,300.0 million by 2024, at a CAGR of 34.0% during 2018–2024 (forecast period). Among the above mentioned technologies, NLP is the most widely used, and its integration rate in healthcare settings would also rise the fastest in the coming years. This is attributed to the ability of this cognitive computing technology to convert human speech to computer language, which ultimately results in better patient care.

All such cognitive computing technologies can be deployed on the site or on the cloud, of which cloud has been the preferred deployment mode for the majority of the entities in the healthcare niche. This is because cloud is cheaper, as it requires none of the expensive and hard-to-maintain on-premises servers. Moreover, cloud platforms allow companies to store huge volumes of data at low costs, with the users being able to increase or decrease the storage space as per requirement. In addition, with cloud, the data can be accessed from anywhere, anytime, provided that the device has an internet connection.

Presently, the flag bearer of the healthcare cognitive computing market is North America, on account of the rapid drug development being pursued by the major pharmaceutical companies, increasing spending on healthcare, growing geriatric population, and surging number of hospitals. Additionally, technology companies, medical research firms, and healthcare providers are rapidly entering into collaborations, regarding the various cognitive computing technologies. In the immediate future, though the net adoption of the technologies will be highest here, the fastest rise in their procurement will be seen in Asia-Pacific (APAC), for almost similar reasons as in North America.

Thus, with advancements in the healthcare ecosystem, the use of cognitive computing will continue growing.

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How Will Diagnostic Imaging Systems Enhance Healthcare System of North America?

According to the Centers for Disease Control and Prevention (CDC), six in ten adults in the U.S. are suffering from at least one chronic disease like diabetes, cancer, heart disease, or stroke. Moreover, the U.S. registers 1.7 million cancer cases and approximately 600,000 deaths due to cancer, annually, making it the second leading cause of death in the nation. Besides, incidences of type-2 diabetes, cancer, cardiovascular diseases (CVDs), and chronic obstructive pulmonary disease (COPD) are increasing in North America. The rising incidences of these diseases have increased the adoption of diagnostic imaging systems in the region. 

These factors along with swelling geriatric population, surging healthcare spending, and constant innovations in technology are expected to derive the North American diagnostic imaging systems market growth. The market is projected to generate $17.7 billion revenue by 2024, progressing at a CAGR of 5.0% during the forecast period (2019–2024). This growth can be primarily supplemented by initiatives taken by governments of the North American nations.

To adhere to the increasing demand for diagnostic imaging devices, companies such as Esaote S.p.A., FUJIFILM Holdings Corporation, Karl Storz GmbH & Co. Kg., Carestream Health Inc., General Electric Company, Canon Medical Systems Corporation, FUJIFILM Holdings Corporation, Dornier MedTech GmbH, Carestream Health Inc., Hologic Inc., Koninklijke Philips N.V., Esaote S.p.A., and Siemens AG, are indulging in collaborations and acquisitions. Through these strategic developments, these companies aim to improve patients’ access to novel technologies, increase market share and reach of companies, and enhance patient outcomes.

Thus, the widening portfolio of the diagnostic imaging devices is expected to propel the demand for such systems in foreseeable future. This will, in turn, help in improving the healthcare system of North America.

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Surging Adoption of BYOD Policy Driving Enterprise Mobility Management Market Growth

A number of factors, such as the surging deployment of enterprise mobility management (EMM) solutions across many industries, increasing penetration of internet and smartphone in developing nations, rising adoption of bring your own device (BYOD) policy, developments in internet of things (IoT) technology, and mounting number of product launches, are expected to drive the enterprise mobility management market in the foreseeable period (2021–2030). 

According to P&S Intelligence, the market size stood at around $16 billion in 2020, which is expected to witness significant growth in the coming years. One of the prime factors aiding the enterprise mobility management market is the surging adoption of BYOD policy. Companies are adopting this policy to improve productivity and efficiency of their employees, and the employees are demanding flexibility within the workplace. 

The policy allows employees to carry their own devices to the workplace, including smartphones, laptops, and tablets, and install EMM software on them to easily access data. Among these devices, the adoption of smartphones is the highest, due to their low costs, which is increasing the BOYD culture in several sectors, which, in turns, drives the need for EMM solutions.

Moreover, increasing number of product launches is also driving the market growth. The industry players are launching new products to increase their market share. This is attributed to the rising need for EMM services and solutions, and surging adoption of the work from anywhere culture, across the world. For example, International Business Machines (IBM) Corporation launched Watson Works in 2020, which enables companies in dealing with the return-to-workplace challenge.

Thus, the surging adoption of BYOD policy and the increasing number of product launches are expected to propel the market growth during the forecast period. This market research report provides a comprehensive overview of the 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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North America To Dominate Meat Substitutes Market during 2021–2030

Factors such as the increasing concerns about food nutrition, security, and sustainability and mounting investments in plant-based protein sources will drive the meat substitutes market growth during the forecast period (2021–2023). According to P&S Intelligence, the market generated ~$2 billion in revenue in 2020. At present, the surging consumer preference for vegan diets has become a prominent market trend, owing to the growing public awareness of healthy eating habits, hygienic food, and weight management. 

Meat Substitutes Market Outlook

One of the key growth drivers of the market is the mounting concerns being raised over food security, nutrition, and sustainability. Food security refers to the state of having reliable access to a substantial quantity of nutritious and affordable food. As per the Climate Change and Land report of the United Nations (UN), food security may be compromised unless there is a transition away from red meat and animal protein sources, such as dairy products, eggs, and pigs to plant-based foods, such as legumes, fruits, and vegetables, which emit lower amounts of greenhouse gases (GHGs) than red meat over their lifetime.

Globally, the North American meat substitutes market is expected to generate the highest revenue during the forecast period, due to the rising customer preference for meat alternatives derived from plant-based ingredients and escalating health awareness among the populace of the region. As per the Academy of Nutrition and Dietetics, vegans are less likely to develop cancer, heart disease, high blood pressure, and diabetes than meat-eaters. Moreover, the weight of vegans is nearly 20 pounds less than meat-eaters.  

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Therefore, the rising concerns regarding food nutrition, sustainability, and security and increasing shift toward vegan diets will catalyze the market growth in the forthcoming years. 

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Unmanned Underwater Vehicles Market To Boom During 2021–2030

The surging defense expenditure of countries and burgeoning demand for seafloor mapping data will drive the unmanned underwater vehicles market growth during the forecast period (2021–2030). According to P&S Intelligence, the market generated a revenue of $4,104.2 million in 2020. Moreover, the rising advancements in underwater inspection techniques and soaring demand for maritime security will facilitate the market growth in the foreseeable future. Currently, the market players are undertaking several creative approaches to augment the effectiveness of UUVs.

Unmanned Underwater Vehicles Market Outlook

The mounting defense expenditure is one of the primary growth drivers for the market. UUVs play an important role in naval warfare as they provide significant clandestine and standoff capabilities and can intelligently adapt to the changes in tactical situations. The onboard systems of UUVs can adapt to the mission plan and identify changes without requiring human assistance. Owing to the benefits offered by UUVs, the navy and other departments of defense of various countries are partnering with private companies to conduct research and development (R&D) for developing next-generation UUVs.

At present, the UUVs market is consolidated in nature, with the presence of few players such as Teledyne Technologies Inc., Lockheed Martin Corporation, Subsea 7 S.A., Saab AB, Oceanserver Technology Inc., Kongsberg Gruppen, Oceaneering International Inc., The Boeing Company, and Fugro. These market players are entering into partnerships to gain a competitive edge. For instance, in December 2019, Saab AB won a contract from the Swedish Defence Materiel Administration (FMV) for the development of a new self-propelled naval mine, which is based on autonomous underwater vehicle technology.

Thus, the growing defense budgets and escalating focus on maritime security will support the market growth during the forecast period.

Explore Full Report Description At: https://www.psmarketresearch.com/market-analysis/unmanned-underwater-vehicles-uuv-market

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Rising Popularity of BYOD Culture Driving Enterprise Mobility Management Solutions Demand

Businesses across the world are implementing the bring-your-own-device (BYOD) policy to enhance the productivity and efficiency of employees. The implementation of this policy also caters to the surging employee demand for mobility within the workplace. The BYOD policy allows employees to bring their own devices, such as laptops, smartphones, and tablets, to the workplace and integrate enterprise mobility management (EMM) solutions on them to easily access data. 

Thus, the surging penetration of BOYD culture, owing to the low cost of smartphones, will augment the need for EMM solutions and services in the forthcoming years. Moreover, the rising internet and smartphone penetration in developing countries will also steer the enterprise mobility management market growth during 2021–2030. According to P&S Intelligence, the market revenue reached $16 billion in 2020. 

Additionally, the surging advancements being made in technologies, such as artificial intelligence (AI) and the internet of things (IoT), will also amplify the usage of EMM solutions and services in the foreseeable years. EMM solutions can update, control, and wipe the data of devices from a distance, thereby, providing a sense of flexibility to users.

At present, businesses have the option to choose from mobile device management (MDM), mobile application management (MAM), mobile content management (MCM), mobile expense management (MEM), and identity and access management (IAM) solutions to maintain and manage mobile and handheld devices used within the organization for routine business operations. These EMM solutions are primarily used for securing corporate data from all handheld and mobile devices used in business processes. 

In addition to these solutions, organizations are also creating a huge requirement for managed and professional EMM services to enhance their operations.

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