Digital Remittance Market Expanding At A CAGR 13.3% For The Forecast Period From 2021 To 2028: Grand View Research Inc.

San Francisco, 31 March 2021: The Report Digital Remittance Market Size, Share & Trends Analysis Report By Type (Inward, Outward), By Channel (Banks, Money Transfer Platforms, Online Platforms), By End-use, By Region, And Segment Forecasts, 2021 – 2028

The global digital remittance market size is expected to reach USD 42.46 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 13.3% from 2021 to 2028. The market growth can be attributed to the increasing transfer of money by overseas migrants to their native countries. These money transfers can be done by using digital transfer networks, such as digital wallets and easy-to-use mobile applications.

Various factors, such as ease of usability and reduced user fees related to digital remittance services, are expected to contribute to market growth. Numerous benefits are offered by these services, such as lower cost of the transaction, high payment speed, and convenience, among others. Customers have shifted their focus toward digital transactions for money remittance as these services eliminate the need for tedious form-filling processes.

An increase in cross-border transactions and rapid growth in the adoption of mobile banking are expected to propel the market growth over the forecast period. Numerous banks and online platforms are focusing on lowering transaction fees, thereby creating growth opportunities for market growth. Furthermore, the increasing adoption of digital transfer networks, such as electronic identification, distributed ledgers, digital currencies, and mobile money to remit money, has made cross-border payments easier.

The outbreak of the COVID-19 pandemic is expected to favorably impact the market. Nowadays, numerous consumers across the globe are using digital wallets and online platforms to remit money to their family and friends. The need for global remittances is expected to increase owing to worldwide restrictions on movement.

Access Research Report of Digital Remittance Market @ https://www.grandviewresearch.com/industry-analysis/digital-remittance-market

Digital Remittance Market Report Highlights

• The inward digital remittance segment is anticipated to witness significant growth over the forecast period owing to the increasing usage of mobile payment applications for money transfers in developed countries
• Numerous banks across the globe are focusing on integrating technologies into their remittance platforms to provide faster transfer time. Moreover, banks are increasingly adopting digital innovation to achieve a competitive advantage over other competitors. Also, the growing shift toward digitization in the cross-border money transfer industry is expected to drive the segment growth over the forecast period
• The personal end-use segment is expected to continue its dominance over the forecast period since a large number of fund transactions is made by immigrants studying or working in various countries
• In the Asia Pacific region, businesses are increasingly engaging with their overseas counterparts for leisure, business, medical, entertainment, and education-related activities, which include the transfer of money overseas. This, as a result, is expected to drive the regional market growth over the forecast period

List of Key Players of Digital Remittance Market

• Azimo Limited
• Digital Wallet Corporation
• InstaReM Pvt. Ltd.
• MoneyGram
• PayPal Holdings, Inc.
• Ria Financial Services Ltd.
• TransferGo Ltd.
• TransferWise Ltd.
• Western Union Holdings, Inc.
• WorldRemit Ltd.

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Custom T-shirt printing Market Expected To Witness A Substantial Growth Of USD 7.57 Billion By 2028: Grand View Research Inc.

San Francisco, 31 March 2021: The Report Custom T-shirt Printing Market Size, Share & Trends Analysis Report By Printing Technique (Screen Printing, Digital Printing, Plot Printing), By Design, By Region, And Segment Forecasts, 2021 – 2028

The global custom t-shirt printing market size is anticipated to reach USD 7.57 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.7% from 2021 to 2028. Increasing preference towards fashionable, customized, and unique clothing, as well as rising disposable income within the young population, are major factors driving demand for custom t-shirts worldwide. Customized t-shirts are primarily targeted toward the young population as it allows them to design clothing matching their style, personality, and preference.

Customized sportswear and trendy gym clothes are becoming more popular as people are getting into the athleisure trend. Sports teams and clubs of almost all the sports worldwide have started wearing custom designed jerseys and t-shirts with their unique logo and design. Every sporting club is nowadays following the trend to provide a unique appearance to their team players and increase their team’s visibility. Sports-related activities across countries such as Germany, China, and India are witnessing significant growth with increasing investments by governments of these countries on sporting activities. As a result, the demand for custom printed t-shirts is expected to increase in the forthcoming years.

Customized t-shirts are printed using several techniques, including screen print, digital print, and plot print. The screen printing technique uses a predesigned stencil to develop the print on the cloth and is one of the most popular techniques. Furthermore, this technique requires a high use of labor. This technique has been observed to have high adoption in the Asia Pacific region due to low-cost labor availability.

 Access Research Report of Custom T-shirt printing Market @ https://www.grandviewresearch.com/industry-analysis/custom-t-shirt-printing-market

Custom T-shirt Printing Market Report Highlights

• The market for custom t-shirt printing is anticipated to witness substantial growth during the forecast period due to the increasing use of customized t-shirts for the promotion of a brand, company, movie, sports team, or league, among others
• The screen printing segment accounted for the largest revenue share in 2020 owing to the high color vibrancy provided by this technique
• The digital printing segment is expected to register the highest CAGR over the forecast period owing to lesser time and efforts involved in the process
• The graphic designed shirts segment accounted for the largest revenue share in 2020 owing to the high demand for t-shirts with pre-printed graphics
• Asia Pacific accounted for the largest revenue share, followed by Europe, in 2020, owing to the presence of numerous market players and high proliferation of the e-commerce industry in the region
• Some of the prominent market players in the market include Vistaprint; THREADBIRD; Printful Inc.; and CafePress, Inc.

List of Key Players of Custom T-shirt Printing Market

• CafePress Inc.
• CustomInk, LLC.
• CustomThread
• Printful Inc.
• com
• Spreadshirt
• THEBLUEGECKOPRINTING
• THREADBIRD
• UberPrints, Inc.
• Vistaprint

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Data Collection And Labeling Market Projected To Expand At A CAGR 25.6%For The Forecast Period From 2021 To 2028: Grand View Research Inc.

San Francisco, 31 March 2021: The Report Data Collection And Labeling Market Size, Share & Trends Analysis Report By Data Type (Audio, Image/Video, Text), By Vertical (IT, Automotive, Healthcare), By Region, And Segment Forecasts, 2021 – 2028

The global data collection and labeling market size is expected to reach USD 8.22 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 25.6% from 2021 to 2028. Data collection and labeling refer to the process of collecting datasets from online sources and other sources and labeling them based on their nature, data type, and feature. Data gathering and its annotation, combined with artificial intelligence (AI) technology, have created valuable growth opportunities in several verticals, such as gaming, social networking, and e-commerce. For instance, Twitter and Facebook, two major platforms in the world of social networking, have benefited from the image processing technology in terms of audience engagement as they have created a more connected experience by encouraging users to share images and tag their friends.

The advent of digital capturing devices, particularly cameras built into smartphones, has led to an exponential growth in the volume of digital content in the form of images and videos. A vast amount of visual and digital information is being captured and shared through several applications, websites, social networks, and other digital channels. Several businesses have leveraged this available online content to deliver smarter and better services to their customers, with the use of data annotation. For instance, Scale AI, Inc., the U.S.-based tech start-up, has provided valuable data labeling services to its autonomous driving customers, including Waymo LLC; Lyft, Inc.; Zoox; and Toyota Research Institute.

However, data cleaning remains a significant challenge involved in data labeling. Also, considering the time, complexity, and cost associated with the development of machine learning models, many companies may not have the resources who can produce acceptable and accurate results. Therefore, several companies are taking strategic initiatives to expand their business in the field of artificial intelligence-based data gathering. For instance, in July 2020, Microsoft acquired Orions Digital Systems, Inc., a U.S.-based data management solutions provider, to boost its Dynamics 365 Connected Store capabilities. This acquisition is anticipated to proliferate the use of computer vision and IoT sensors to help retailers better understand customer behavior and manage their physical spaces.

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Data Collection And Labeling Market Report Highlights

• Automated image organization offered by cloud-based applications and telecom companies is one of the most popular uses of data gathering that has improved the users’ experience and drawn the customers’ attraction towards this technology
• Several benefits, such as better security and automation of identification, are the factors encouraging the implementation of facial recognition at significant public spaces or events
• The advent of large-scale cloud-hosted AI and machine learning platforms offered by tech giants, has led to the implementation of data annotation with multiple functions such as facial recognition, object recognition, and landmark detection
• The growing integration of digital image processing and mobile computing platforms in various applications such as digital shopping and document verification are propelling market growth

List of Key Players of Data Collection And Labeling Market

• Reality AI
• Globalme Localization Inc.
• Global Technology Solutions
• Alegion
• Labelbox, Inc
• Dobility, Inc.
• Scale AI, Inc.
• Trilldata Technologies Pvt Ltd
• Appen Limited
• Playment Inc

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Autonomous Vehicle Market Demand Likely To Reach 4.2 Million Units By 2030: Grand View Research Inc.

San Francisco, 31 March 2021: The Report Autonomous Vehicle Market Size, Share & Trends Analysis Report By Application (Transportation, Defense), By Region (North America, Europe, Asia Pacific, South America, MEA), And Segment Forecasts, 2021 – 2030

The global autonomous vehicle market demand is expected to reach 4.2 million units by 2030, expanding at a CAGR of 63.1% over the forecast period, according to a new report by Grand View Research, Inc. An autonomous vehicle is a combination of various networking systems and sensors that assist the computer in driving the vehicle. Several technology providers such as Google LLC and Tesla Motors have also entered the market and are contributing to the research and development of autonomous vehicles.

The automobile industry is dynamic as it is undergoing changes with advancements in technologies. Several major players in the industry, such as General Motors Company, Volkswagen AG, Mercedes-Benz, and BMW AG, are making significant investments in the research and development of technologies. Growing trend of autonomous vehicles in the automotive industry is attracting larger investments in the development of these automobiles.Moreover, the U.K. government has granted permission to test self-driving cars on public roads. Furthermore, the Federal Department of Environment, Transport, Energy and Communications (DETEC) in Switzerland has permitted driverless testing on the streets of Zurich.

The market has been segmented on the basis of application into transportation and defense. The transportation segment is expected to account for a significant share in the self-driving car market over the forecast period. The defense segment is expected to witness the highest growth over the forecast period. North America accounted for the largest share of the overall revenue in 2020. Demand for self-driving vehicles is expected to increase over the forecast period in line with rising government regulations and increased acceptance of self-driving vehicles in U.S.

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Autonomous Vehicle Market Report Highlights

• Demand for autonomous cars is expected to witness a rise in the coming years owing to increasing government regulations in various developed and developing nations
• Based on application, the transportation segment is expected to expand at the highest CAGR of 86.4% over the forecast period
• Countries including U.S., China, and Japan are expected to witness significant growth over the forecast period owing to the large-scale testing and adoption of autonomous cars or trucks in the transportation sector
• Audi AG; BMW AG; Daimler AG; Ford Motor Company; General Motors Company; Google LLC; Honda Motor Co., Ltd.; Nissan Motor Company; Tesla; Toyota Motor Corporation; Uber Technologies, Inc.; Volvo Car Corporation; Volkswagen AG are some of the key players in the self-driving vehicles market.

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Automotive Finance Market Size Is Poised To Reach USD 394.06 Billion By 2028: Grand View Research Inc.

San Francisco, 31 March 2021: The Report Automotive Finance Market Size, Share & Trends Analysis Report By Provider Type (Banks, OEMs), By Finance Type, By Purpose Type (Loan, Leasing), By Vehicle Type, By Region, And Segment Forecasts, 2021 – 2028

The global automotive finance market size is expected to reach USD 394.06 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.0% from 2021 to 2028. Numerous customers across the globe are checking lending rates and auto prices online to find the financing firms that offer the best deals. This, as a result, the market is aggressively competitive and an ultra-transparent in nature.

Customers who are looking out for a new car seek lenders who have transparent financing practices and user-friendly websites. Auto loan providers are focusing on offering streamlined and simple online financing environments to their customers. These providers are widely adopting Loan Origination Software (LOS) and online systems for effectively structuring loans for their customers.

Numerous automotive finance businesses are upgrading their LOS systems to efficiently support automated decisions. Using LOS systems, lenders benefit from faster response and processing times. Moreover, loan structuring and automated decision enable them to deny or approve online applications within minutes.

Automotive finance businesses are focusing on using machine learning and artificial intelligence tools to structure used and new auto loans more accurately. Furthermore, lenders can easily leverage these innovative technologies in the cloud with the help of LOS vendors. Machine learning and artificial intelligence enable auto lenders to calculate risk and identify perfect borrowers with more accuracy.

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Automotive Finance Market Report Highlights

• The banks’ segment is expected to witness significant growth over the forecast period as banks offer secure financing to their customers. Banks also offer customers with the facility to apply for preapproval. This facility helps customers in comparing estimated loan offers
• Numerous customers across the globe prefer direct auto loans as they can easily access and get loans from credit unions, banks, and other loan lending companies
• Customers are focusing on adopting the leasing model as it is a more flexible model in comparison to others for new, shared, and used vehicles that could comprise services such as insurance
• The number of passenger vehicles that include pickup trucks and crossovers on the road continues to rise across the globe, thereby creating growth opportunities for the passenger vehicles segment over the forecast period
• The presence of many prominent automotive finance providers in the European region and the adoption of innovative tools, such as biometrics, e-contracts, and machine learning, is expected to drive the regional market growth over the forecast period

List of Key Players of Automotive Finance Market

• Ally Financial
• Bank of America
• Capital One
• Chase Auto Finance
• Daimler Financial Services
• Ford Motor Credit Company
• GM Financial Inc.
• Hitachi Capital
• Toyota Financial Services
• Volkswagen Financial Services

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Insurtech Market is Predicted to Observe a Tremendous Growth, With a CAGR of 48.8% From 2021 To 2028: Grand View Research Inc.

San Francisco, 31 March 2021: The Report Insurtech Market Size, Share & Trends Analysis Report By Type (Auto, Business, Health, Home, Specialty, Travel), By Service, By Technology, By End-use, By Region, And Segment Forecasts, 2021 – 2028

The global insurtech market size is expected to reach USD 60.98 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 48.8% from 2021 to 2028. The market growth can be attributed to the increasing need to understand the behavior of policyholders. The insurtech solutions and services are widely used by insurance companies to build the with insureds.

The increasing adoption of predictive analytics and data analytics to provide effective customer experiences is expected to fuel the market growth. Numerous insurance companies are adopting these analytics services in various areas, such as fraud identification and claim triage. These services enable insurance companies to prioritize claim management applications.

Artificial Intelligence (AI)-driven analytics services are helping insurers to process their claims in a very short time. These services are acting as a preventative measure against human errors, delays, and consumer dissatisfaction. Moreover, insurers are using external data sources and adding specifics about a claimant from images and social media channels.

The outbreak of the COVID-19 pandemic is expected to favorably impact the market. The pandemic has driven the sense of urgency for insurance companies of all sizes to hasten their digital transformation operations and collaborate with their partners who were their former competitors. The digital transformation is expected to help insurance companies in reducing operating costs, shielding themselves from forthcoming crisis disruption, and serving customers seamlessly.

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Insurtech Market Report Highlights

• The increasing awareness about healthy lifestyle habits across the globe is expected to create growth opportunities for insurance companies in the health domain
• Increasing usage of intelligent machines and the rise of automation in the field of insurtech are expected to propel the adoption of managed services in various end-use industries
• The blockchain technology segment is expected to witness significant growth over the forecast period. The segment growth can be attributed to the rising adoption of this technology to reduce fraudulent claims in the insurance industry. This technology also helps insurance companies reduce operational costs of reinsurers and allows them to collect verified real-time data from insurers
• Political and consumer trends are forcing the healthcare industry to become more transparent about pricing, and with startups pioneering new approaches in the insurance category is expected to drive the segment growth over the forecast period
• The North American region is witnessing an increasing demand for better communication, seamless data sharing, and high integration between insurers and service providers for improved customer engagement

List of Key Players of Insurtech Market

• Damco Group
• DXC Technology Company
• Insurance Technology Services
• Majesco
• Oscar Insurance
• Quantemplate
• Shift Technology
• Trōv, Inc.
• Wipro Limited
• Zhongan Insurance

 Access Press Release of Insurtech Market @ https://www.grandviewresearch.com/press-release/global-insurtech-market

COVID-19 Clinical Trials Market Size Is Expected To Reach USD 9.9 Billion By 2027: Grand View Research Inc.

San Francisco, 31 March 2021: The Report COVID-19 Clinical Trials Market Size, Share & Trends Analysis Report By Phase (Phase I, Phase II, Phase III, Phase IV), By Product (Therapeutics, Drugs), By Region, And Segment Forecasts, 2020 – 2027

The global COVID-19 clinical trials market size is expected to reach USD 9.9 billion by 2027, registering a CAGR of 9.5% during the forecast period, according to a new report by Grand View Research, Inc. An increasing number of deaths due to coronavirus is creating a need to develop effective treatments, thereby boosting the market growth. Also, the underlying economic profits for first movers are encouraging pharmaceutical players to invest in clinical trial studies for COVID-19.

The current pandemic poses an acute health risk to the entire population. A key to successfully fighting COVID-19 lies in clinical research. At present, almost all the major research-based pharmaceutical companies, many other biotechnology and pharmaceutical companies, as well as research institutes are engaged in a race to develop an effective treatment against coronavirus. There are currently 661 unique compounds in development against COVID-19, of which 292 are drugs, 173 are vaccines and 196 are antivirals.

The regulators in the U.S. and Europe also offer various options for action and procedural facilitation to enable faster access to effective vaccines and drugs to combat the pandemic. In March 2020, the Solidarity Trial-an international clinical trial by the World Health Organization (WHO)-was launched to find effective treatment against COVID-19. In May 2020, WHO also announced an international alliance for developing various candidate vaccines to stop the spread of coronavirus disease, calling this effort the Solidarity trial for vaccines.

The current scenario across the globe and the need to come up with treatment options has also led to the fast-track of clinical trials. Hence, in March 2020, the Food and Drug Administration (FDA) launched a Coronavirus Treatment Acceleration Program (CTAP) for the likely therapies to accelerate the development of the treatment for the pandemic caused by a coronavirus. Recently in May 2020, the U.S. FDA granted fast track title to Moderna’s mRNA vaccine candidate, mRNA-1273, to protect against COVID-19.

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COVID-19 Clinical Trials Market Report Highlights

• Phase II COVID-19 clinical trials dominated the market with a share of 35.0% in 2020. This is attributed to the maximum number of products currently in development.
• The vaccines segment accounted for the largest share of 77.1% in 2020 owing to the increasing investments towards it.
• Europe held 46.8% of the market share in 2020. Favorable government initiatives such as the UK’s “ACCORD” clinical trial program are contributing to market growth.
• The Asia Pacific region is projected to witness the fastest CAGR of 11.8% during the forecast period as the increasing number of biotechnology firms are looking at the region for their COVID-19 trials to take advantage of the large patient pool and fast-track procedures.

List of Key Players of COVID-19 Clinical Trials Market

• Moderna, Inc.
• GlaxoSmithKline plc
• Pfizer Inc.
• Johnson & Johnson
• Gilead Sciences Inc.
• INOVIO Pharmaceuticals
• AbbVie Inc.
• BioNTech SE
• Novavax
• Takeda

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Smart Pole Market is Predicted to Observe a Tremendous Growth, With a CAGR of 19.7% From 2021 To 2028: Grand View Research Inc.

San Francisco, 26 March 2021: The Report Smart Pole Market Size, Share & Trends Analysis Report By Component, By Hardware, By Installation Type, By Application, By Region, And Segment Forecasts, 2021 – 2028

The global smart pole market size is expected to reach USD 26.55 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 19.7% from 2021 to 2028. Continued urbanization and the subsequent need to manage assets and infrastructure efficiently are driving the demand for smart poles. The rollout of smart city projects in different parts of the world also bodes well for the growth of the market. According to a study conducted by the Consumer Technology Association, smart city spending across the globe reached USD 34.35 billion in 2020.

Several government bodies worldwide are pursuing initiatives to provide Wi-Fi connectivity in public areas and are deploying smart poles for the purpose. For instance, in February 2018, smart poles offering Wi-Fi connectivity were installed in Kalaburagi, India as part of the efforts to provide free Wi-Fi connectivity for citizens at selected places. Similarly, in February 2020, smart poles featuring the latest technology were installed in London, the U.K. in Hampton as part of the government’s digital transformation project to provide Wi-Fi connectivity to citizens.

Smart poles are also being installed for monitoring air quality in the wake of the deteriorating ambient air quality in urban areas in different parts of the world. Several people across the world are suffering from various disorders stemming from the deteriorating quality of the ambient air. Smart poles can potentially play a decisive role in addressing the air quality issues in urban areas by monitoring environmental parameters, such as humidity, temperature, and concentration of fine air particles, and help in assessing the quality of ambient air. The data provided by the smart poles can help the citizens in limiting their exposure to air pollution and the authorities in improving the quality of the ambient air quality.

The outbreak of the COVID-19 pandemic is anticipated to adversely affect the growth of the market. Construction and infrastructure development projects are confronting a slowdown owing to the lockdowns imposed in different parts of the world as part of the efforts to arrest the spread of the disease. For instance, during the COVID 19 situation, the U.K. government had announced the shutdown of construction sites with more than 50 workers. The shutdown of construction sites thereby leads to a decrease in the demand for smart poles requirements.

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Smart Pole Market Report Highlights

• The hardware segment dominated the market in 2020. The infrastructure development projects that are underway worldwide are expected to drive the growth of the segment over the forecast period
• The controller segment dominated the market in 2020 and is expected to witness promising growth over the forecast period. The government incentives and rebates being offered on the replacement of conventional lamp poles with smart poles as a part of smart city development projects are expected to drive the growth of the segment over the forecast period
• The retrofit installation segment dominated the market in 2020. The provisioning of Wi-Fi connectivity and installation of digital signage on existing poles as part of smart city development is expected to drive the growth of the segment over the forecast period
• The public places segment dominated the market in 2020. The growing preference for Public-Private Partnerships for the deployment of Wi-Fi networks at public places is expected to drive the growth of the segment
• Increasing adoption of smart poles in emerging economies, such as China and India, is expected to create growth opportunities for the market in the Asia Pacific region over the forecast period

List of Key Players in the Smart Pole Market

• Acuity Brands
• Cree, Inc.
• Eaton
• Ericson
• General Electric Company
• Siemens
• Signify
• Telensa Limited
• Wipro
• Zumtobel Group

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Anti-money Laundering Market Expanding At A CAGR 15.6% For The Forecast Period From 2021 To 2028: Grand View Research Inc.

San Francisco, 26 March 2021: The Report Anti-money Laundering Market Size, Share & Trends Analysis Report By Component (Software, Services), By Product Type, By Deployment, By End-use, By Region, And Segment Forecasts, 2021 – 2028

The global anti-money laundering market size is expected to reach USD 3.19 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 15.6% from 2021 to 2028. The growth can be attributed to the growing volume of non-cash transactions, coupled with a rise in technological developments in the fintech sector. In recent years, banks have increased their IT expenditure toward the adoption of advanced solutions and technologies to improve the security of their services and products.

The rapid developments in artificial intelligence, big data, machine learning, and other technologies are creating new opportunities for the market. The rising risk of financial crimes and fraudulent transactions, arising from factors such as the vulnerabilities inherent to digitization and automation, is compelling financial institutions to employ technologies such as machine learning for identifying suspicious transactions on a real-time basis. As a result, various companies are making efforts to deploy machine learning capabilities in anti money laundering solutions. For instance, in November 2020, Computer Services, Inc., a provider of end-to-end regtech and fintech solutions, announced a partnership with Featurespace, an enterprise financial crime prevention software provider. Through this partnership, the companies launched the WatchDOG AML, which uses machine learning capabilities to identify suspicious activities on a real-time basis.

Government bodies across the world are making efforts to promote awareness about anti money laundering regulations. For instance, in 2019, the New Zealand government spent USD 1.083 million on Keep Our Money Clean, an anti money laundering campaign. Through this campaign, the government tried to create public awareness regarding the legislative changes in anti money laundering acts to enable related businesses to educate their customers about new obligations.

The COVID-19 pandemic is anticipated to impact the market growth favorably in near future. The pandemic has led to an increase in the use of mobile-based payment solutions, remote work, and online sales, which are some of the major factors driving the demand for anti money laundering solutions globally. Financial Action Task Force an intergovernmental organization has encouraged financial institutions to provide risk-based flexibility in the implementation of anti money laundering in response to the effects of the pandemic.

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Anti-money Laundering Market Report Highlights

• In terms of component, the software segment is expected to retain its dominance over the forecast period. This can be attributed to the fact that software can help organizations reduce the legal risk associated with money laundering activities
• In terms of product type, the customer identity management segment dominated the market in 2020 and is expected to witness promising growth during the forecast period as well. Advancements in technologies that can easily access an individuals’ personal information have increased the demand for customer identity management solutions
• In terms of deployment, the on-premise segment dominated the market in 2020. The on-premise deployment of anti money laundering solutions grants businesses full control over the applications, platforms, systems, and data that their in-house IT teams can handle
• In terms of end use, the BFSI segment dominated the market in 2020. The BFSI sector is widely adopting anti money laundering solutions as they help financial institutions to efficiently comply with national and international regulations as well as provide secured services to customers
• Increasing money laundering cases in emerging economies, such as China and India, are expected to create growth opportunities for the market in the Asia Pacific region over the forecast period

List of Key Players of Anti-money Laundering Market

• NICE Actimize
• Tata Consultancy Services Limited
• Trulioo
• Cognizant Technology Solutions Corporation
• ACI Worldwide, Inc.
• SAS Institute Inc.
• Fiserv, Inc.
• Oracle Corporation
• BAE Systems
• Accenture

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COVID-19 Drug Delivery Devices Market Size Is Projected To Reach USD 2.15 Billion By 2027: Grand View Research Inc.

San Francisco, 26 March 2021: The Report COVID-19 Drug Delivery Devices Market Size, Share & Trends Analysis Report By Product (Prefilled Syringe, Patches), By Route of Administration, By Distribution Channel, By Region, And Segment Forecasts, 2021 – 2027

The global COVID-19 drug delivery devices market size is expected to reach USD 2.15 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% from 2022 to 2027. The market is expected to gain significant traction over the forecast period as various nasal drug delivery technologies for administrating COVID-19 vaccines are under clinical and pre-clinical development. For instance, in April 2020, Verndari, Inc. initiated the preclinical trials for coronavirus vaccine using its patented microneedle array dermal patch- VaxiPatch.

The nasal, dermal, and needle-free are alternatives to the traditional syringe vaccine platforms. These devices potentially reduce or eliminate needlestick injuries and reduce the associated treatment costs. According to the research article published in PLUS ONE Journal, November 2019, needlestick injury (NSI) is among a major burden in medical settings, leading to the transmission of infectious diseases, such as hepatitis and HIV.

According to the article published in StatPearls publishing, December 2019, around 2-4% of healthcare workers develop hepatitis C after suffering from needlestick injuries. The CDC further stated that needlestick injuries cost an estimated USD 3,042 per victim annually in the U.S.

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COVID-19 Drug Delivery Devices Market Report Highlights

• North America is anticipated to capture the largest share in 2021 owing to growing investment by government organizations for vaccine development, the surge in COVID-19 cases, and intensive R&D conducted by the key players
• By product, the prefilled syringe segment is expected to dominate the market in 2021 as these cost-effective delivery devices will be manufactured in bulk quantities for vaccine administration and will be the first among the approved products
• By route of administration, the parenteral segment is expected to dominate the market in 2021 as the injection devices are affordable and are among the easily available devices
• By distribution channel, the hospital pharmacies segment is expected to account for the largest market share in 2021 as these drug delivery devices require medical assistance for vaccine administration
• Market players are adopting several strategies such as significant investment in research and development and product innovation via collaborations with technology providers and universities to gain a significant share in the global market.

List of Key Players of COVID-19 Drug Delivery Devices Market

• AstraZeneca
• Johnson & Johnson
• Serum Institute of India
• GlaxoSmithKline plc
• Moderna
• Bharat Biotech
• Pfizer
• PharmaJet
• Novawax, Inc.

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