What are Major Factors Expected to Fuel Progress of Razor Market in Asia-Pacific (APAC) in Future?

The biggest trend presently being witnessed in the razor market is rising adoption of subscription-based models all around the world, wherein the blades are delivered to the customers on a weekly or monthly basis. This strategy is being increasingly adopted by several razor blade producing companies such as Dollar Shave Club and The Proctor & Gamble Company (P&G) for attracting customers and expanding their user base. For instance, in 2017, P&G launched its on-demand service through which the customers would get the blades delivered to their homes by simply texting ‘BLADES’ on the given number.

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The global razor market is predicted to increase from $18.0 billion to $22.5 billion from 2019 to 2030, progressing at a CAGR of 2.1% during the forecast period (2020–2030). There are various types of razors available throughout the world — disposable razors, safety razors, straight razors, cartridge razors, and electric razors. Amongst these, the cartridge razors are expected to record the highest sales in the coming years, owing to the easily replaceable quality of the blades used in these products.

Globally, the Asia-Pacific (APAC) region is expected to observe the fastest growth in the usage of razor in the immediate future. This is mainly attributed to the fact that the APAC region is the most densely population region in the world and many countries in the region are observing rapid urbanization. In addition to this, the expenditure on personal care products is increasing rapidly in this region, which is in turn, boosting the sales of razors in the region.

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Hence, it can be concluded that due to the rising preference of men toward personal grooming and the increasing disposable income of the people in several countries, the demand for razors will skyrocket throughout the world in the coming years.

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How is Rising Number of Cancer Cases Driving Gene Therapy Market?

The burden of chronic diseases has only been increasing since past few years. The cases for cancer, for example, are growing rapidly. According to the American Cancer Society, from 2016–2019, the number of new cases of cancer in the U.S. increased from 1,685,210 to 1,762,450, and the cancer mortality rose from 595,690 to 606,880 during the same time period. Doubtless, a number of advancements have been made in the medical industry for developing a proper cure for cancer and other rare chronic diseases, however, the fact remains that there is a long way to go before anything certain comes to light.

The advancements regarding gene therapy though can significantly aid in getting closer to dealing properly with several chronic diseases. Gene therapy is designed for introducing genetic material into cells for compensating for abnormal genes or for making a beneficial protein. In case a mutated gene causes an essential protein to be faulty or non-existent, gene therapy may potentially be able to introducing a new copy of the gene for restoring the function of the protein. Attributed to these reasons, the gene therapy market generated revenue of $3,407.5 million in 2019 and is expected to advance at a 31.1% CAGR during the forecast period (2020–2030).

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In 2019, North America was the largest gene therapy market, which is ascribed to the rising number of cancer and rare disease cases and the presence of a large number of key companies in the region. In addition to this, various gene therapy products are getting regulatory approvals in North America. Other than this, the adoption of gene therapy is also projected to rise substantially in the Asia-Pacific because of the cost-effective labor and rising activities of major industry players.

Hence, the requirement for gene therapy is growing due to the surging prevalence of chronic diseases.

Report Coverage

·         Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis

·         Porter analysis identifies competitive forces within the market

·         Provides information on the historical and current market size and the future potential of the market

·         Provides sizes of key regional markets using yardsticks of segments

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How is Growing Adoption of Cloud Services Driving Security as a Service Market?

As the penetration of internet is increasing across the globe, the adoption of cloud-based services and solutions is growing as well. Cloud solutions don’t need physical information technology (IT) infrastructure and professionals, they result in considerable cost savings. Moreover, cloud-based solutions also allow the users to decide regarding the services they want access their data from any place with a secure connection. Owing to this, companies are switching to cloud-based solutions instead of on-premises solutions. However, cloud solutions also make data vulnerable to breaches, which, in turn, is resulting in the growing demand for security as a service (SaaS) solutions. 

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As per a report by P&S Intelligence, the global SaaS market is predicted to generate a revenue of $43.4 billion by 2030, increasing from $7.8 billion in 2019, advancing at a 17.4% CAGR during the forecast period (2020–2030). SaaS software enables the user to access an application through an internet browser, rather than having to download it on their system or business network. Types of SaaS security types are web & email security, application security, endpoint security, and database security. Among all these, the demand for database security is expected to be the highest in the coming years.

This is due to the growing popularity of cloud databases among companies, which makes data vulnerable to cyber threats, and database security solutions can aid in preventing such situations. Moreover, the demand for this security type is also increasing because of the stringent government regulations for protecting consumers’ data. The major applications of SaaS are encryption, data loss prevention, intrusion detection, identity & access management, unified threat management, and risk & compliance management. Out of these, the highest demand for SaaS solutions was created for identity & access management in the past.

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Organizations are adopting SaaS solutions for protecting cloud-based data and granting employees access privileges after consideration of their designation. A number of industries make use of SaaS solutions, including retail, banking, financial services, & insurance (BFSI), IT & technology, healthcare, and government.

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APAC Anti-Drone Market Demand, Trend, Growth Opportunities Created by COVID19 Outbreak

Compared to 36 cases in 2016, 75 cases of illegal drone or unmanned aerial vehicle (UAV) use were reported in Japan in 2017, according to the National Police Agency. In recent years, there has been a sudden surge in the usage of UAVs for personal and commercial purposes, which often ends up creating security risks, either intentionally or unintentionally. This has prompted governments across the world to regulate such devices as well as adopt countermeasures, in case the UAV is hostile. Thus, with an increase in the usage of drones, the Asia-Pacific (APAC) anti-drone market is predicted to grow to $2,105.0 million by 2025.

Among the various kinds of security risks created by unauthorized UAVs is that they often come in close contact with aircraft, which can lead to disasters. For instance, a Chinese national, on tour, led a UAV into the area manned by the Central Industrial Security Force (CISF), after breaching the security at the Taj Mahal, in October 2018. Such incidents are leading to the installation of counter-active systems to thwart any possible threat. For instance, China deployed its first anti-drone system at Guangzhou Baiyun International Airport in November 2017.

Commercial, military & defense, and government are the major end uses of such products. Among these, anti-UAVs were the most widely procured for military & defense purposes in 2017, as a result of the increasing defense budget of regional nations. Across APAC, drones are rapidly being used for illegal and terrorist activities, which has fueled the need for effective countermeasures. For instance, 26 people were arrested in China, in March 2018, on suspicions of illegally airlifting two 660-foot cables to Shenzhen from Hong Kong, on UAVs, in order to smuggle iPhones.

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The APAC anti-drone market has historically been the largest in China, as it has the highest defense budget in the world, after the U.S., which it uses to better arm its security forces. Additionally, numerous established defense and aerospace companies are headquartered in China, which is another reason for its dominance on the industry. In the coming years, the procurement for such platforms would increase at the highest pace in India, as the country is focusing on the modernization of its troops and offering its citizens and other assets an enhanced level of security.

Hence, as UAVs become more popular among criminals and terrorists, governments of APAC nations would also adopt effective measures to counter them.

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How is Need for Innovative Healthcare Information System Driving Laboratory Information System Market?

The requirement for advanced healthcare information system is increasing rapidly, which is why the need for laboratory information system (LIS) is rising as well. LIS includes a set of hardware and programs that are part of an integrated system designed for healthcare information. The system captures complex data and information which is related to medical and industrial laboratories. LIS aids in compiling the services related to treatment, care & rehabilitation, and diagnosis. The integrated healthcare system saves diagnosis time by streamlining back office operations and also aids in sharing information and discussing the treatment plan among doctors as per the patient’s need. 

The laboratory information system market size is expected to witness significant growth during the forecast period. Industrial, clinical, and drug discovery are the three applications of LIS. Among these, the largest demand for LIS was created for clinical applications in the past and the situation is projected to remain the same in the coming years as well. LIS are utilized in healthcare laboratories for clinical purposes including sequencing and molecular testing. Clinical LIS help automate all the major processes and generate accurate results efficiently. The demand for LIS for clinical applications is rising because of growing number of tests and higher cost because of the emergence of new technologies.

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The growth in molecular diagnostics is contributing significantly to the increasing demand for LIS. Molecular diagnostics is a branch of in vitro diagnostics and is based on determining nucleic acid sequencing primarily for medical applications. Sequence determination is largely performed by making use of methods that are based on hybridization of labeled DNA probes with target nucleic acid sequences. The market for molecular diagnostics is changing rapidly for the better and the novel technologies are projected to yield product line extensions and machined for point-of-care market as test automation expands. This is expected to drive the market in the coming years.

The adoption of mobile-based application sand solutions is a key trend in the laboratory information system market. Mobile devices such as tablets and smartphones play a vital role in providing personalized health solutions. Multi-functional personalized mobile information systems offer a wide range of communication and information services to both clinicians and patients through smartphones. The utilization of mobile devices also decreases the need for patients to visit clinics or hospitals every time they require a diagnosis as their problems can be diagnosed by using mobile devices. Due to these factors, new mobile systems that aid in retrieving laboratory data easily have been designed. 

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COVID-19 Outbreak Optical Metrology Market is Expected to Boom in Coming Years

The global optical metrology market is being driven by the increasing requirement for precise measurements and product assessments in the semiconductor, oil and gas, and manufacturing sectors. Generating revenue of $1,989.2 million in 2017 according to a P&S Intelligence study, the domain is expected to advance with a CAGR of 6.5% during the forecast period 2018–2023.

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Optical metrology, in this regard, provides the solution in various avatars, including 3D laser scanners that dominated the product segmentation of optical metrology market, which also includes video measuring machines and laser micrometery, with more than 70.0% revenue share in 2017.

It is a universally accepted truth that technology helps make life easier, but on the downside, it makes machines and associated components complicated. As conventional measurement techniques have proved ineffective due to the rising complexities in machines, firms have sought an answer to the riddle of exact measurements and assessments.

Coming to the global scenario, North America led the domain in the historical period 2013–2017 in terms of revenue generation, accounting for more than 30.0% market share.

Owing to the growing automotive, aerospace, and defense industries, particularly in the U.S., the adoption rate of this technology for precise measurements grew. However, the future revenue and sales CAGRs of the optical metrology market are expected be the highest in Asia-Pacific, owing to the rapidly expanding automotive industries in China and India.

Thus, it is clear that, as machines and tools keep becoming more complex, optical metrology will be used even more in the coming years.

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AI in Agriculture Market Analysis, Post Covid-19 Impact | Potential Business Impacts for Key Players

Technological advancements are revolutionizing all industries these days, and incorporation of artificial intelligence (AI) in different industrial processes has made operations incredibly easy. AI basically refers to the simulation of human intelligence in machines which are programmed to think like humans and mimic their actions. While not all, AI systems have the ability to exhibit at least some of the behaviors that are associated with human intelligence, such as learning, planning, knowledge representation, motion, reasoning, problem solving, perception, and manipulation.

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It is because of these capabilities of AI that the technology is being widely utilized in different industries, including the agriculture. The agriculture industry is registering rapid growth, owing to the surging population all across the globe. According a P&S Intelligence report, in 2019, the global AI in agriculture market attained a value of $671.6 million and is predicted to generate a revenue of $11,200.1 million by 2030, advancing at a 30.5% CAGR during the forecast period (2020–2030).


While at one time, agricultural practices were the major occupation of people, the preference has now shifted to corporate world. However, now there is a pressing need for increasing the productivity of lands which are still being used for practicing farming in order to cater to the needs of the rapidly increasingly population. Due to this, industry is registering a rising integration of AI in different operations which can help in getting the maximum output.

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Computer vision, predictive farming, and machine learning are the major AI technologies which are being used in the agricultural sector. Among these, the machine learning technology was the most in demand in the past, as this technology plays an important role in agricultural industry with a combination of data technologies and agronomic sciences, which are increasingly being adopted by farmers and agricultural businesses across the globe.

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