How are Growing Cases of Cancer Driving Genetic Testing Market?

The prevalence of diseases, including chronic and genetic diseases, is rising at a swift pace. According to the World Health Organization, a genetic disorder named sickle cell anemia is primarily common among people who had ancestors in India, South America, Central America, Sub-Saharan Africa, Mediterranean countries (including Greece, Turkey, and Italy), Cuba, and Saudi Arabia. In addition to this, the high prevalence of chronic diseases, such as cancer, is also affecting millions of people all around the world. There are still several genetic and chronic diseases for which no cure has been developed yet.

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Because of this, the research & development activities in the healthcare industry are on a rise. Furthermore, the adoption of genetic testing in the industry is increasing as well, since it can reveal changes in genes which may cause disease. Genetic testing involves the examination of DNA, which is the chemical database carrying instructions of the body. While advancements still need to be made in the domain, genetic testing has the potential to provide necessary information for treatments, diagnoses, and prevention of illnesses. Therefore, the surging incidence of genetic diseases and cancer is expected to result in the growth of the genetic testing market in the years to come.

Geographically North America has been the largest genetic testing market, which can be attributed to the availability of technologically advanced products, increased government funding, and presence of a large number of academic and research institutes in the region. Other than this, the demand for genetic testing in the Asia-Pacific region is also expected to grow considerably in the near future. This is because of the increasing awareness about the advantages of predictive testing, and rising adoption of advanced technology for clinical applications.

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Hence, the demand for genetic testing is growing on account of surging prevalence of cancer and other chronic and genetic diseases.

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Business Impacts of COVID-19 on Smart Water Meter Market | Strategies of Major Industry Competitors

P&S Intelligence published a new research report, titled, “Smart Water Meter Market: Global Industry Analysis and Forecast till 2030, the market is developing with double digit owing to increasing demand for ideal utilization of water. The non-revenue water is one of the real difficulties for the water utilities as well as governments. The surging water emergency additionally lifts the interest for a reasonable arrangement towards water management. Water utilities are the real customers of smart water meter and it is expected to lead the market amid the gauge time frame.

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This is because of their requirement of channelizing the delivery modes of substantial measure of water. The government in different nations are taking activities to enhance water framework with the installation of smart water meters. Smart water meter market is expected to grow at 11.1% CAGR during 2016-2025. The demand for advanced metering infrastructure (AMI) has been developing at a steady pace and is expected to give further growth opportunity to the smart water meter industry.

The vast majority of this demand is expected to originate from water utilities as they have bigger spending plans when contrasted with industrial and residential sector consumers. The application of smart water meters incorporates water utilities, industrial and residential buyers. Water utilities give water to habitations and ventures and bear most of the loses acquired because of spillages, burglary or mistaken metering. This reason makes them the largest consumer of this market and they are expected to hold their strength during the forecast period owning to metering up gradation plans of several water utilities around the world.

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This market research report provides a comprehensive overview of the smart water meter market

• Historical and the present size of the smart water meter 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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Carsharing Market is to Reach $10,846.9 million by 2025 - P&S Intelligence

Due to the increasing concerns raised over the greenhouse emissions and environmental damage caused by the large number of vehicles operating on the roads, carsharing services are being increasingly adopted across the globe. In addition to this, the governments of many countries are rapidly adopting various policies and measures for reducing the private ownership of vehicles in order to curtail the environmental damage and greenhouse gas emissions caused by the exhaust fumes from vehicles, which is in turn, boosting the popularity of carsharing services.

Driven by the above-mentioned factors, the valuation of the global carsharing market is expected to increase from $5,571.2 million in 2018 to $10,846.9 million by 2025. The market is predicted to advance at a CAGR of 11.0% during the forecast period (2019—2025). There are mainly three types of cars used in carsharing services— luxury, executive, and economy. Amongst these, the economy class cars recorded the highest adoption in carsharing services in 2018. This is credited to the higher fuel economy provided by these cars as compared to the luxury and executive vehicles. 

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Asia-Pacific (APAC) is currently the largest carsharing market, majorly on account of the strong government support for such a transportation system, especially in China. In this country, the number of electric cars in shared mobility fleets has drastically risen in the last few years. Being one of the most industrially productive, and therefore polluted, countries on earth, China is taking concrete steps to increase the penetration of electric vehicles, including among car sharing companies, such as offering subsidies, tax rebates, and monetary incentives for their purchase.

Hence, as the realization about the fact that shared mobility can potentially reduce the number of automobiles on the road increases, carsharing services are bound to become more popular than ever in the coming years.

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Global Smart Teaching and Learning Market Predicted to Exhibit Huge Growth During Covid-19 Phase

Owing to their cost-effectiveness, smart teaching and learning solutions are observing a rising popularity across the globe. The initial investments are much lower in traditional forms of education, than in e-learning. However, once the systems and courses are developed, smart learning and teaching solutions do not incur further costs, which is not the case in traditional education, where various additional expenses, such as regular trainer salaries and infrastructure costs, are incurred.

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The burgeoning demand for learning analytics applications in academic and corporate sectors is another factor propelling the adoption of smart teaching and learning solutions across the world. The analytical applications allow the users to obtain accurate predictions about the outcomes of reformation, learning, and resources, and this, in turn, encourages the participation of all stakeholders in the various learning and combining processes, in order to achieve the educational objectives.

Due to these factors, the global smart teaching and learning market is expected to exhibit huge growth in the coming years. Since the last few years, there has been a massive rise in the adoption of advanced technologies that have helped in the transformation of education and teaching processes, from the traditional classroom-based methods, to smart learning processes incorporating the use of remote and digital learning methods.

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There are multiple methods of smart teaching and learning, such as collaborative, simulation-based, and adaptive, blended, and virtual instructor-led training (VILT). In the smart learning and teaching environment, the course content is available in the form of text, video, and audio, and this can be accessed through different applications.

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Cyber Insurance Market Analysis, Post COVID-19 Impact | Potential Business Impacts for Key Players

One of the major factors resulting in the growing adoption of cyber insurance across different industries is the supply chain cyber risk. The impact on an organization or enterprise is quite huge if the sensitive data of supply chain is breached. The loss of consumer confidence, drop in stock price, business experience financial penalties, and legal cost are some risks faced by businesses due to supply chain breach.

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Hence, in order to deal with this problem, cyber insurers have developed several ways for combating supply chain risks by adapting to the changing environment through supply chain risk management services. This includes several risks involved in supply chain that are constantly assessed and managed timely. The increase in denial of service (DoS) attacks is a key trend that is being observed in the cyber insurance market. 

The victims of these attacks range from major financial institutions to individuals attempting to access their personal email. Considerable damage has been caused by these attacks, in terms of revenue loss. Cyber insurers aid businesses in reducing the risk of such attacks by monitoring the global threat landscape and understanding the latest trends in the DoS attacks. Coverage for business interruptions, extra expense, and contingent interruptions losses, such as loss due to network host or cloud provider, is provided by first-party cyber insurance policies.

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Since the past few years, a rapid increase in criminalization of the internet has been tracked by cyber analysts. Factors such as commercialization, globalization of cybercrime, and interconnectivity are driving the frequency and severity of cyber incidents. In addition to this, individual cyber criminals are uniting into international groups for strengthening the impact of their attacks on critical and sensitive business data.

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Commercial Satellite Imaging Market Share Will Exhibit a Prominent Uptick in 2020 as Corona Virus Outbreak Prevails as a Global Pandemic

The demand for location-based services (LBS) is increasing because of the growing awareness of customers and supportive government initiatives, primarily in emerging economies, such as China, Mexico, and India. Moreover, real-time geographical data can be captured with the help of LBS. Due to all these factors, the governments of different countries are also taking several initiatives in order to motivate the vendors and start-ups for venturing into the LBS market and increase the adoption of these services. 

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Since satellite imaging is utilized in LBS for different applications, such as tourism, mobile advertisements, local search, enterprise services, navigation, consumer tracking, location-specific health information, and location-based business intelligence (BI), its demand is rising as well. Commercial satellite imaging or remote sensing refers to the scanning of earth by satellites or high-flying aircrafts for obtaining georeferenced data. 

As per a research conducted by P&S Intelligence, in 2017, the global commercial satellite imaging market generated a revenue of $2,411.8 million and is projected to witness a 14.2% CAGR during the forecast period (2018–2023). The commercial satellite imaging systems are based on two technologies, namely optical and radar, among which the systems based on the optical technology were more in demand during 2013–2017. 

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There are several applications of commercial satellite imaging systems: natural resources, infrastructure, maritime, defense, energy, LBS, and disaster management. Some other applications include environmental conservation, media & entertainment, research, and surveillance. The digitally transmitted images are used for environmental monitoring, weather predictions, archeological surveys, and mapping.

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Demand for Electric Trucks in US - Business Report 2020-2030

This penetration of electric vehicles in the U.S. is not just limited to passenger vehicles, but commercial heavy duty and light duty vehicles which run on electricity are also being increasingly adopted. Electric trucks have many advantages over traditional fuel-based trucks, such as low operational and maintenance costs, which is why the demand for these trucks in the U.S. is growing. According to a report by P&S Intelligence, in 2019, the U.S. electric truck market reached a value of $211.5 million and is predicted to generate a revenue of $30,335.3 million by 2030, advancing at a rapid pace of 58.2% CAGR during the forecast period (2020–2030).

Electric trucks are of three types, namely heavy-duty truck (HDT), light-duty truck (LDT), and medium-duty truck (MDT). Out of these, the LDTs are predicted to be the most in demand in the coming years. Companies in the domain are targeting fleet owners, who are focusing on reducing their operational expenditure, and are offering them electric variants of pickup trucks. These trucks have different ranges— 0–150 miles, 151–250 miles, 251–500 miles, and >500 miles. Electric trucks in the range of 151–250 miles were the most in demand in 2019, as the preference of class I and II trucks is high.

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In addition to this, trucks having higher range have not yet been able to address issues such as long charging time, high battery weight, and low battery energy density. In terms of propulsion, there are four types of electric trucks, namely fuel cell electric vehicle (FCEV), battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV). BEVs were most in demand in the past, which can be ascribed to the rising government support in the form of incentives. Moreover, companies in the domain are collaborating with battery manufacturers to bring down the battery cost further and increase their energy density and life span.

Electric trucks have applications in logistics and municipal sectors. The logistics sector created the larger demand for electric trucks in the U.S. in 2019, owing to the swift growth of the e-commerce, retail, and manufacturing industries in the country. Furthermore, the logistics sector itself is registering significant growth in the U.S., which is contributing to the growth of the U.S. electric truck market. As the demand for faster and more convenient deliveries is growing, logistics companies are electrifying their fleet for optimizing operations.

Hence, the demand for electric trucks in the U.S. is rising due to the decreasing battery costs and expanding logistics sector.

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