Month: September 2023

Metal 3D Printing Market Segmented On The Basis Of Component, Technology, Software, Application, Printer Type, Vertical, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 29 Sep 2023: The Report Metal 3D Printing Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Technology, By Software, By Application, By Printer Type, By Vertical, By Region, And Segment Forecasts, 2023 – 2030

The global metal 3D printing market size is estimated to reach USD 35.33 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 24.2% from 2023 to 2030. Metal 3D Printing is also referred to as Additive Manufacturing (AM), as it involves the successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes build upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of metal, and the unnecessary metal is ground out to obtain the desired object.

The metal 3D printing industry is estimated to exhibit significant growth throughout the forecast period owing to a combination of numerous factors such as growing demand for rapid prototyping which allows the manufacturers to design and develop better products and systems. Additionally, the ease of manufacturing and added benefits offered by the 3D printing technology are again significant factors behind the greater adoption of the technology across various industry verticals.

Metal 3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The automotive vertical is the most significant end-user of the metal 3D printing technology and eventually leads to the highest market share of metal 3D printers for industrial applications over the forecast period. Additive manufacturing is anticipated to evolve over the forecast period.

The market is subject to witness a considerable economic appearance rather than being just a labor-intensive industrial manufacturing technique. Particularly in developing economies, such as Brazil, South Africa, and India, among others, machining shops have managed to adopt alternative business models by installing 3D printers and offering related services, such as 3D printing materials, filaments, 3D modeling, and 3D printer software.

Metal 3D printing technology is a capital-intensive technology. At the same time, manufacturers are holding to their misconception about prototyping rather than realizing the advantages associated with metal 3D printing. Moreover, the market lacks the standard process controls and a skilled workforce required for metal 3D printing. These are some of the factors that are expected to restrain the market growth. However, government initiatives aimed at increasing awareness and promoting the benefits of adopting metal 3D printers are expected to help in countering the market restraints.

Access Research Report of Metal 3D Printing Market @ https://www.grandviewresearch.com/industry-analysis/metal-3d-printing-market

Metal 3D Printing Market Report Highlights

  • The hardware segment led the market and accounted for more than 64.01% share of the global revenue in 2022 owing to the increasing demand for 3D printers due to numerous factors such as rapid industrialization, increasing penetration of consumer electronic products, developing civil infrastructure, rapid urbanization, and optimize labor costs. Further, the increasing implementation of metal 3D printers in the automotive, healthcare, and consumer electronics verticals is expected to drive market growth significantly
  • The industrial metal 3D printers segment is anticipated to dominate the market over the forecast period owing to the rising necessity of advanced manufacturing practices in industries and rapid prototyping of parts
  • Metal 3D printing technologies, such as selective laser sintering and laminated object manufacturing, are achieving traction due to the ability of the technology to deliver rapid and accurate prototyping and optimize the time to market
  • The prototyping segment accounted for nearly 55% share of the revenue in 2022, owing to the comprehensive adoption of the prototyping technique for designing and developing components, parts, and systems precisely across aerospace and defense as well as automotive verticals
  • The desktop metal 3D printing vertical segment, which has been segmented further into educational purposes, dental, fashion & jewelry, food, objects, and others, is expected to grow at a significant CAGR over the forecast period. The major factor attributing to the growth of this segment is the rising demand for dental, objects, and fashion & jewelry, which can be met by mass producing the items using metal 3D printing technology
  • North America accounted for the largest market share in 2022, owing to the technology’s early and greater adoption rate. The U.S. was the highest revenue-generating country in 2022 in North America, the region is predicted to exhibit steady growth over the forecast period
  • The Asia Pacific region, which is emerging as a manufacturing hub for several industry verticals, is expected to grow significantly as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace & defense, and healthcare verticals to adopt metal 3D printing, particularly in countries, including China, Japan, and South Korea
  • The prominent industry players include Materialise NV; 3D Systems, Inc.; GE Additive; Autodesk Inc.; and Optomec, Inc.

Metal 3D Printing Market Report Scope

Report AttributeDetails
Market size value in 2023USD 7,733.18 million
Revenue forecast in 2030USD 35.33 billion
Growth RateCAGR of 24.2% from 2023 to 2030
Base year for estimation2022
Historical data2017 – 2021
Forecast period2023 – 2030

List of Key Players in the Metal 3D Printing Market

  • 3D Systems, Inc.
  • Arcam AB
  • Autodesk Inc.
  • EOS (Electro Optical Systems) GmbH
  • ExOne
  • GE Additive
  • Materialise NV
  • Matsuura Machinery USA Inc.
  • Optomec, Inc.
  • Renishaw plc.
  • SLM Solutions

Access Press Release of Metal 3D Printing Market @ https://www.grandviewresearch.com/press-release/global-metal-3d-printing-market

Industrial Refrigeration Systems Market Segmented On The Basis Of Component, Capacity, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 29 Sep 2023: The Report Industrial Refrigeration Systems Market Size, Share & Trends Analysis Report By Component (Compressors, Condensers, Evaporators, Controls, Others), By Capacity, By Application, By Region, And Segment Forecasts, 2023 – 2030

The global industrial refrigeration systems market size is anticipated to reach USD 27.66 billion by 2030, registering a CAGR of 4.4% from 2023 to 2030, according to a new report published by Grand View Research, Inc. The demand for industrial refrigeration is increasing due to the fast-moving consumer goods and retail food which needs efficient storage for perishable edible items. Governments are taking initiatives to support and strengthen the cold chain infrastructure and shifting towards eco-friendly refrigeration systems.

Global warming and climate change have alarmed nations to take the necessary step to curb the crisis. As a result, industrial refrigeration system manufacturing companies have expressed concerns regarding the potential of global warming and ozone depletion of their refrigerants. As a result, companies are focusing on technologies to offer improved cost-effectiveness, lesser toxic refrigerants, lower energy consumption, and less toxic materials.

For instance, DanFoss, a prominent manufacturer of industrial refrigeration systems, introduced Cool selector 2 to help them design and optimize their air conditioning and refrigeration systems. System designers, engineers, and consultants can use the software to make optimum use of energy and HVACR systems. The benefits of using CO2 refrigeration systems are recognized worldwide as CO2 has a GWP (Global Warming Potential) of 1. The new update allows you to calculate components from the standpoint of an application for transcritical high-pressure side systems.

With the advancements in technology, industrial refrigeration systems have shown enhancement in their processes. Innovations have led to the manufacturing of smart and intelligent devices that monitor, set temperature, and notify the person as and when needed. The incorporation of Artificial Intelligence (AI) in the systems became a breakthrough in the market by enhancing productivity and lowering the operational cost for the organizations.

The industry growth in Asia Pacific is anticipated to observe the fastest growth during the forecast period. This expansion is attributed to the rapid growth prospects of cold-chain storage infrastructure in the countries such as Japan, India, and China. For instance, India is the second-largest fruit and vegetable producer, worldwide. The cold storage and handling the refrigeration of this huge vegetable and fruit produce is a challenging job thus fueling the market growth.

Access Research Report of Industrial Refrigeration Systems Market @ https://www.grandviewresearch.com/industry-analysis/industrial-refrigeration-systems-market

Industrial Refrigeration Systems Market Report Highlights

  • The compressor segment is the largest growing component in the refrigeration system as they are used in commercial as well as industrial refrigeration, heat pumps, and air conditioning applications
  • Food and beverage applications accounted for the largest market share due to the growing disposable income and the rising population. It has augmented the demand for frozen and processed food products
  • The 500-1000kW capacity segment led the industrial refrigeration systems market as they helped extend the shelf life and reduce product wastage
  • Asia Pacific is the highest-growing region in the market due to the maximum number of fruits and vegetable producers and also a requirement for cold-chain storage

Industrial Refrigeration System Market Report Scope 

Report AttributeDetails
The market size value in 2023USD 20,484.8 million
The revenue forecast in 2030USD 27,664.0 million
Growth rateCAGR of 4.4% from 2023 to 2030
The base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of the Key Players in the Industrial Refrigeration Systems Market

  • Johnson Controls
  • Emerson Electric Co
  • Dan Foss
  • DAIKIN Industries Ltd.
  • GEA Group Aktiengesellschaft
  • MAYEKAWA MFG Co. Ltd.
  • BITZER
  • EVAPCO Inc.
  • Guntner GmbH & Co. KG
  • LU-VE S.P.A

Access Press Release of Industrial Refrigeration Systems Market @ https://www.grandviewresearch.com/press-release/global-industrial-refrigeration-systems-market

Contract Cleaning Services Market Segment Analysis By Services Type, End-Use, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 29 Sep 2023: The Report Contract Cleaning Services Market Size, Share & Trends Analysis Report By Service Type (Window Cleaning, Upholstery Cleaning, Floor & Carpet Cleaning, Construction Cleaning), By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global contract cleaning services market size is expected to reach USD 555.44 billion by 2030, registering a CAGR of 6.3% from 2023 to 2030, according to a new report by Grand View Research, Inc.

Growing awareness regarding hygiene and safety at workplaces has stimulated business organizations worldwide to hire third-party cleaning service providers. Additionally, to ensure the good health of the employees and consequently raise their productivity, companies globally are increasingly availing green contract cleaning services from providers that use non-hazardous and non-toxic products for cleaning the premise. Thus, a growing preference for green products is further anticipated to increase the demand for these services over the forecast period.

Technological advancements have created smart devices that rely on Artificial Intelligence (AI), the Internet of Things (IoT), and robotic capabilities, such as autonomous floor cleaners. These gadgets, which homeowners typically use, perform simple cleaning duties. However, the restricted applicability and capabilities of these smart cleaning devices, as well as their incapacity to complete duties, is a significant concern. As a result, the pressing need to keep a clean environment and limit health risks will likely drive up demand for cleaning services over the forecast period.

Following the continuing COVID-19 epidemic, there has been an unusual spike in the use of contract cleaning services as firms attempt to start on-premise operations following the relaxation of lockdown restrictions. The requirement to create a sanitary working environment, along with the need to comply with legal rules imposed by governments worldwide, has a beneficial influence on market demand. Due to stringent laws established, corporate organizations actively try to clean the premises regularly to create a safe workplace.

Access Research Report of Contract Cleaning Services Market @ https://www.grandviewresearch.com/industry-analysis/contract-cleaning-services-market

Contract Cleaning Services Market Report Highlights

  • The contract cleaning services industry’s growth is majorly driven by the growing need to provide a clean and safe workplace and thereby improve employee productivity
  • The floor & carpet cleaning segment held the largest revenue share in 2022, primarily driven by the fact that this is the most sought-after service by commercial and industrial end-users, as cleaning large areas covered by floors is a tedious and time-consuming task
  • The commercial end-use segment held the largest revenue share of 49.7% in 2022. This is majorly attributable to the relatively greater adoption of these services among commercial institutions such as hospitals, hotels, and retail outlets
  • Corporate offices held the largest revenue share in 2022. Ensuring employee safety and improving employee productivity are the primary reasons for the large market share of this segment
  • North America dominated the contract cleaning services industry with a revenue share of 31.7% in 2022
  • Some prominent players in the market include Jani-King International Inc.; ABM Industries Incorporated; Mitie Group plc.; ISS Facility Services, Inc.; and Pritchard Industries Inc.

Contract Cleaning Services Market Report Scope

Report AttributeDetails
Market size value in 2023USD 362.98 billion
Revenue forecast in 2030USD 555.44 billion
Growth RateCAGR of 6.3% from 2023 to 2030
Base year for estimation2022
Historical data2017 – 2021
Forecast period2023 – 2030

List of Key Players in the Contract Cleaning Services Market

  • ABM Industries Incorporated
  • Jani-King International Inc.
  • ISS Facility Services, Inc.
  • Sodexo Group
  • Mitie Group plc.
  • Pritchard Industries Inc.
  • Vanguard Cleaning Systems Inc.
  • Stanley Steemer International Inc.
  • Cleaning Services Group, Inc.
  • The ServiceMaster Company, LLC

Access Press Release of Contract Cleaning Services Market @ https://www.grandviewresearch.com/press-release/global-contract-cleaning-services-market

Off-highway Electric Vehicle Market Focusing On The Basis Of Application, Propulsion, Storage Type, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 29 Sep 2023: The Report Off-highway Electric Vehicle Market Size, Share & Trends Analysis Report By Application Type (Construction, Agriculture, Mining), By Propulsion (BEV, HEV), By Storage Type, By Region, And Segment Forecasts, 2023 – 2030

The global off-highway electric vehicle market size is expected to reach a valuation of USD 5,745.96 million by 2030, growing at 14.1% CAGR from 2023 to 2030, according to a new study by Grand View Research Inc. The commencement of redevelopment initiatives and expanding infrastructural advancements in developing nations are the key drivers fueling the off-highway electric vehicle industry’s expansion.

The global demand for off-highway electric vehicles (EVs) is also being fueled by strict emission rules by governmental organizations, such as emission requirements for Greenhouse Gas (GHG) emissions by the European Commission and the U.S. Environmental Protection Agency (EPA). These cars’ increased economy decreases overhaul costs and lowers noise and vibration levels to help increase demand for off-highway electric vehicles.

The benefits of off-highway electric machinery include increased operational maneuverability, accuracy, and overall efficiency. Off-highway vehicle electrification offers a number of advantages, but due to issues such as poor charging infrastructure and limited battery storage capacity, it is anticipated that market adoption would be sluggish. Due to the drawbacks of electrically-propelled machinery, hybrid off-highway electric vehicles-which are seen as a viable alternative-have gained an edge.

However, the significant investments involved in developing off-highway electric vehicles is limiting their commercial expansion. Despite this, for improved performance, pollution control, and reliability; off-highway equipment like vehicles, in areas such as agriculture, mining, and construction, are being electrified.

In order to stay ahead of their rivals, prominent corporations are launching new products, which is the main trend in the off-highway electric vehicle industry. For instance, The Volvo Group introduced an electric truck with a longer range in North America in January 2022. This truck is a modified Volvo VNR Electric with a range increase of up to 85% and faster charging. This is a class 8 electric truck variant with a greater energy storage capacity of up to 565 kWh and an operational range of up to 440 km (275 miles).

Access Research Report of Off-highway Electric Vehicle Market @ https://www.grandviewresearch.com/industry-analysis/off-highway-electric-vehicle-market

Off-highway Electric Vehicle Market Report Highlights

  • The growth of the off-highway electric vehicle industry in developed countries is being driven by rapid infrastructure development and improved regulations related to construction operations
  • The global demand for off-highway EVs is fueled by strict emission rules by governmental organizations, such as emission requirements for Greenhouse Gas (GHG) emissions by the European Commission and the U.S. Environmental Protection Agency (EPA)
  • The Asia Pacific region is anticipated to grow at a CAGR of 14.9% over the forecast period due to an increase in new development activity in the region’s healthcare and housing industries
  • Since the COVID-19 outbreak, major off-highway electric vehicle industry participants have concentrated on acquisitions to grow their organization

Off-Highway Electric Vehicle Market Report Scope

Report AttributeDetails
Market size value in 2023USD 2,638.6 million
Revenue forecast in 2030USD 5,745.9 million
Growth rateCAGR of 14.1% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players in the Off-Highway Electric Vehicle Market

  • Caterpillar
  • Volvo Construction Equipment AB
  • Komatsu Ltd.
  • Deere & Company
  • Sandvik AB
  • Hitachi Construction Machinery Co., Ltd.
  • Epiroc AB
  • Doosan Corporation
  • J C Bamford Excavators Ltd.
  • CNH Industrial N.V.

Access Press Release of Off-highway Electric Vehicle Market @ https://www.grandviewresearch.com/press-release/global-off-highway-electric-vehicle-market

Proactive Services Market Segmented On The Basis Of Service, Technology, Enterprise, Application, End-Use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 28 Sep 2023: The Report Proactive Services Market Size, Share & Trends Analysis Report By Service (Technical Support, Design & Consulting), By Technology (Analytics, AI), By End-use, By Enterprise Size, By Application, And Segment Forecasts, 2023 – 2030

The global proactive services market size is expected to reach USD 18.19 billion by 2030, according to the new reports of Grand View Research, Inc., registering a CAGR of 20.8% from 2023 to 2030. The heightened customer expectations, high adoption of e-commerce and other shopping applications, along with increased use of smartphones have triggered the need for proactive services. Benefits, such as lower operational cost, increased availability & uptime, increased brand loyalty, and enhanced retention rate, will further boost the market growth. Implementing advanced technologies, such as advanced analytics, Artificial Intelligence (AI), and Machine Learning (ML), helps segregate customer types and offer them a personalized experience, which is expected to drive market growth.

The adoption of proactive services allows the organization to not only meet regular customer expectations but also understand their latent needs. Proactively reaching out to customers before an issue arises helps strengthen the customer relationship. Moreover, the implementation of proactive services can protect organizations against escalations by identifying negativity at the earliest warning. By utilization of real-time data, proactive services help in accurate customer segmentation, which can further be used for offering customized products and services. In addition, proactive services allow customers to give valuable feedback, which, in turn, helps organizations in improving their productivity by correctly understanding areas of improvement.

Large-scale enterprises are implementing proactive services to gain a competitive advantage over others. A lot of startups and Small & Medium Enterprises (SMEs) are also observed to take the help of these services for strong brand establishment. A reactive business model faces more inbound calls, which can be costly for businesses; thus, to manage cost and save time, organizations prefer to identify and remediate the issue before they turn into bigger problems. For instance, Facebook provides content on its website and mobile application that answers frequently asked questions. In this way, they reduce the chances of support tickets being raised, Facebook would additionally allow users to connect with their dynamic help section that provides documentation on various topics.

Access Research Report of Proactive Services Market @ https://www.grandviewresearch.com/industry-analysis/proactive-services-market

Proactive Services Market Report Highlights

  • The managed service segment accounted for the largest revenue share of over 38.5% in 2022 due to the benefits that this segment offers, such as IT monitoring with zero blind spots, compliance with service-level agreement requirements, reduced operational expense, and enhanced operational efficiency
  • The AI segment is expected to register the highest CAGR of 21.8% during the forecast period. AI offers multiple capabilities to organizations, such as advanced search options, recommendation mechanisms, automated decision-making, and voice recognition. All these features help in delivering proactive services. Moreover, it supports sophisticated analytical capabilities, which is one of the most crucial factors driving the segment growth
  • The SMEs segment is anticipated to witness exceptional growth at a CAGR of 22.6% during the forecast period due to multiple benefits that SMEs can avail while implementing proactive services, such as increased operational efficiency, reduced operational cost, and access to enterprise-level support
  • The end-point management segment is anticipated to register a considerable CAGR of 22.6% over the forecast period. This segment has strong demand due to its ability to supervise and authenticate the access rights of endpoint devices. With the ease of automation comes the risk of security; thus, to reduce security threats and ensure adherence to security policies, organizations are investing resources into end-point management
  • The retail segment is expected to witness a significant CAGR of 20.6% during the forecast period owing to fulfilling heightened customer expectations and keeping the customers aware and updated about the latest offerings. Moreover, the retail industry focuses on offering personalized products and services that can be conveyed to customers with the help of proactive services
  • North America accounted for the largest share of over 34.8% in 2022. The region strongly demands proactive services due to the growing retail sector that highly believes in delivering customized products and services. Moreover, North America supports stable IT infrastructure, which is very essential for the smooth implementation of these services
  • Key players have an extended operating history, a large customer base, and significant competitive strengths. In addition to the inorganic growth strategies, vendors emphasize improving after-sale service offerings to ensure periodic maintenance of installed products

Proactive Services Market Report Scope

Report AttributeDetails
Market size value in 2023USD 4.85 billion
Revenue forecast in 2030USD 18.19 billion
Growth RateCAGR of 20.8% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players in Proactive Services Market

  • Amazon Web Services, Inc.
  • Avaya Inc.
  • Cisco Systems, Inc.
  • DXC Technology
  • Fortinet, Inc.
  • Genesys
  • Hewlett Packard Enterprise Company
  • Huawei Technologies Co., Ltd.
  • International Business Machines Corp.
  • Juniper Network, Inc.
  • LivePerson, Inc
  • Microsoft Corp.
  • NICE
  • Symantec Corp.

Access Press Release of Proactive Services Market @ https://www.grandviewresearch.com/press-release/global-proactive-services-market

Education Technology Market Outlook On The Basis Of Sector, End-User, Type, Deployment, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 28 Sep 2023: The Report Education Technology Market Size, Share & Trends Analysis Report By Sector (Preschool, K-12, Higher Education), By End-user (Business, Consumer), By Type, By Deployment, By Region, And Segment Forecasts, 2023 – 2030

The global education technology market size is expected to reach USD 348.41 billion by 2030, growing at a CAGR of 13.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The process of learning is evolving gradually in line with advances in technology. From virtual classrooms to massive open online courses (MOOCs), the education technology (EdTech) industry is transforming rapidly, thereby leading to an influx of massive investments worldwide. Having realized the potential of leveraging the advances in technology to enhance the process of learning, governments across the world are encouraging the incumbents of the education industry to undertake various initiatives aimed at integrating EdTech into the overall education system.

For instance, in January 2022, the Delhi government took the initiative to install 20,000+ smart classrooms in the school by installing 16 smart classrooms in Shaheed Amir Chand Sarvodaya Vidyalaya. The initiatives toward deploying smart classrooms enhance the teaching-learning process and let students access all online learning resources. The classrooms would have modern cameras installed for the live recording of sessions which teachers and students would further access for future needs.

The proliferation of smart devices and the continued rollout of internet connectivity drive the growth of the global education technology market. The growing awareness about the advantages of integrating the latest technologies in education systems is also contributing to the growth of the market. Developed economies, including the U.S., U.K., and Germany, are focusing on introducing innovative EdTech offerings, supporting education administration, reducing teacher workload, and engaging students and the community.

On the other hand, emerging economies focus on ensuring easy and convenient access to educational opportunities for the citizens. EdTech holds immense potential to ensure access to education for the rapidly growing population, particularly in emerging economies. For instance, in December 2022, Google LLC, an American multinational technology company unveiled Courses, a new feature that will strive to bring a structured learning experience on YouTube, a global online video-sharing and social media platform.

The education industry is on the cusp of a digital revolution. In the age of digitization and automation, conventional teaching methods are not the only available options for educating students. Advances in the latest technologies, such as AI, robotics, and AR/VR, and their potential integration into learning are anticipated to transform conventional teaching techniques.

For instance, in March 2022, 3RDFLIX Visual Effects Pvt. Ltd. (Practically), an EdTech firm, acquired Foradian Technologies. (Fedena) a school management software platform. This acquisition would let schools use collaborative and innovative tools for teaching, such as simulations, Augmented Reality, and 3D Videos for education. These cross-curricular learning opportunities can enable institutes and teachers to streamline resource commitments while encouraging students’ knowledge development through practical and cross-curricular applications.

Access Research Report of Education Technology Market @ https://www.grandviewresearch.com/industry-analysis/education-technology-market

Education Technology Market Report Highlights

  • North America dominated the market in 2022, accounting for the largest share of global revenue. Some of the major higher institutes and educational organizations across North America are increasingly shifting their focus from legacy EdTech education system toward online-based EdTech solutions
  • The K-12 segment led the market in 2022 owing to the growing trend of game-based learning in the K-12 sector. Integration of AI in schools and universities to automate activities, such as grading subjects and providing feedback, is anticipated to propel the demand for EdTech offerings
  • The business segment accounted for the largest share of the global revenue in 2022. The high share can be attributed to the increasing partnerships and collaborations done by various market players to expand their product portfolio and strengthen their position in the global market
  • The hardware segment led the market in 2022. The widespread use of mobile devices and tablets is leading to the use of gamification and immersive learning in educational institutions for an interactive and enhanced learning experience
  • The on-premises segment led the market in 2022, accounting for the highest share of global revenue owing to the reliability and scalability of usage in the EdTech market.

Education Technology Market Report Scope

Report AttributeDetails
Market size value in 2023USD 142.37 billion
Revenue forecast in 2030USD 348.41 billion
Growth RateCAGR of 13.6% from 2023 to 2030
Base year for estimation2022
Historical data2017 – 2021
Forecast period2023 – 2030

List of Key Players in the Education Technology (EdTech) Market

  • BYJU’S
  • Blackboard Inc.
  • Chegg, Inc.
  • Coursera Inc.
  • Edutech
  • edX Inc.
  • Google LLC
  • Instructure, Inc.
  • Microsoft
  • Udacity, Inc.
  • upGrad Education Private Limited

Access Press Release of Education Technology Market @ https://www.grandviewresearch.com/press-release/global-education-technology-market

Fire Protection System Market Segmented On The Basis Of Product, Service, Application, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 28 Sep 2023: The Report Fire Protection System Market Size, Share & Trends Analysis Report By Product (Detection, Suppression, Response, Analysis, Sprinkler System), By Service (Managed Service, Maintenance Service), By Application, And Segment Forecasts, 2023 – 2030

The global fire protection system market size is expected to reach USD 130.37 billion by 2030, expanding at a CAGR of 6.6% from 2023 to 2030, according to a new study by Grand View Research Inc.Modern fire alarm and detection systems are expected to see increased demand due to the ongoing development of new buildings around the world, including both residential and non-residential constructions. Modern technologies like artificial intelligence, the Internet of Things, and smart sensors being incorporated are also anticipated to drive the market. In addition, as mandatory fire safety regulations are implemented in sectors including oil & gas, manufacturing, and mining, the use of fire prevention systems is expanding. The adoption of fire protection systems is being fuelled by a variety of end-use sectors as well as escalating safety concerns and improved awareness of preventative actions.

A fire prevention system is one of the most crucial systems that must be installed in every structure or organization. A fire protection system is employed to control, recognize, and safeguard occupants of a building or establishment from fire hazards. These tools aid in extinguishing fires or smoke, alerting occupants of buildings, and reducing property damage and casualties. Fire protection systems contain a variety of apparatus, such as fire detectors, fire response systems, fire analysis software, fire suppression systems, and fire sprinkler systems.

Governments in the area hold manufacturers of fire safety equipment operating in the area to a number of standards and regulations. This has inspired several value chain participants to create reliable fire safety systems and intelligent components with wireless communication capabilities. Consumer demand has steadily increased over the past few years in developed nations like Europe and North America, and this growth tendency is likewise anticipated to continue in the next years. However, the markets in developing areas and countries remain largely untapped due to lax laws and the high cost of sophisticated fire protection equipment. Nevertheless, it is anticipated that the need for fire safety equipment would increase as the economy in nations like Brazil and India continues to improve. 

Access Research Report of Fire Protection System Market @ https://www.grandviewresearch.com/industry-analysis/fire-protection-systems-market

Fire Protection System Market Report Highlights

  • The commercial application segment is predicted to dominate and generate a fire protection systems market revenue of 39,486.7 by the end of 2023
  • Asia Pacific fire protection systems market is estimated to grow at a CAGR of 9.2%
  • The aggressive campaigns being carried out by various public safety associations and prominent manufacturers of fire safety equipment and subsequently, the growing awareness among the end-users to ensure fire safety is expected to drive the growth of the market

Fire Protection System Market Report Scope

Report AttributeDetails
Market size value in 2023USD 83.28 billion
Revenue forecast in 2030USD 130.37 billion
Growth rateCAGR of 6.6% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players of Fire Protection System Market

  • Eaton
  • GENTEX CORPORATION
  • Halma plc
  • Hitachi Ltd.
  • Honeywell International, Inc.
  • Iteris, Inc.
  • Johnson Controls
  • Raytheon Technologies Corporation
  • Robert Bosch GmbH
  • Siemens

Access Press Release of Fire Protection System Market @ https://www.grandviewresearch.com/press-release/global-fire-protection-systems-market

Software Consulting Market Focusing On The Basis Of Application, Enterprise Size, End-Use, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 28 Sep 2023: The Report Software Consulting Market Size, Share & Trends Analysis Report By End-use (BFSI, Healthcare), By Enterprise Size (SMEs, Large), By Application (Enterprise Solutions, Design Services), By Region, And Segment Forecasts, 2023 – 2030

The global software consulting market size is expected to reach USD 678.32 billion by 2030, registering a CAGR of 12.1% from 2023 to 2030, according to a new study by Grand View Research, Inc. The multiple benefits these solutions and services give, such as enhancing corporate operations, decreasing waste, and increasing organizational revenue, might contribute to their expansion. Software consulting services can also help firms identify growth and cost reduction potential. Digital and business model disruption has recently emerged as a driving force behind growth, particularly in established markets. Moreover, demand for consulting services is predicted to rise because of offshoring and globalization.

The adoption of new technologies, such as cloud computing and mobile computing, by businesses is expected to increase demand for software consulting services. The increased interest of enterprises in operational flexibility, business applications, and workload optimization housed in a cloud computing environment can be ascribed to the growing adoption and deployment of cloud technologies. Cloud computing’s high scalability, flexibility, and cost advantages are also promoting migration to cloud platforms, boosting market growth. The need for services like business intelligence, data analytics, cybersecurity, robotics, and the Internet of Things is driving the number of transactions in IT consulting.

The COVID-19 pandemic has impacted both market players and consultants in the software consulting industry. However, because consultants and software consulting service providers must work on projects worldwide, software consulting is one of the first markets to adopt remote working. Due to the growing acceptance of modern technologies and the present digitization trend, software consulting has outlasted these challenging times. Furthermore, the transition to remote working has created an appetite for expertise. Organizations implemented new technologies in their systems for data management, security challenges, and others, increasing the global demand for software consulting services.

Market players are pursuing various growth strategies, including collaborations, partnerships, new product development, and mergers and acquisitions, to stay competitive. For instance, In July 2021, ATOS SE collaborated with Ooredoo QSC, a telecommunication firm. Through the collaboration, both companies developed cybersecurity threat detection and response services for Qatar Smart Program “TASMU to support Qatar National Vision 2030. The Ministry of Transport and Communication (MOTC) drives the program. Moreover, Atos SE provided its MDR service powered by its AIsaac platform for auto-containment, multi-vector threat detection, and incident response orchestration.

Access Research Report of Software Consulting Market @ https://www.grandviewresearch.com/industry-analysis/software-consulting-market

Software Consulting Market Report Highlights

  • The software security services segment is anticipated to register the highest CAGR from 2023 to 2030, owing to the increasing cyber-attacks and safeguard servers’ critical information
  • The small and medium enterprises segment is anticipated to register the highest CAGR from 2023 to 2030. Increasing government initiatives through various digital SME campaigns in the region are anticipated to drive the growth of the segment
  • The healthcare segment is anticipated to emerge as the fastest-growing end-use segment over the forecast period. The expanding use of technology in the healthcare industry, as well as the greater usage of web and mobile applications, has changed the way hospitals diagnose patients and generate health reports, creating need for software consulting to give clients with the fastest technical support
  • Asia Pacific is expected to register a significant growth rate over the forecast period. The growth of IT services and e-commerce in Asia Pacific has supported software consulting services support and has created various opportunities for the same. Demand for web designing and mobile app designing consultation to assist online businesses has increased in the region. This, in turn, is expected to create growth opportunities for the software consulting services market

Software Consulting Market Report Scope

Report AttributeDetails
Market size value in 2023USD 305.55 billion
Revenue forecast in 2030USD 678.32 billion
Growth rateCAGR of 12.1% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players in the Software Consulting Market

  • Accenture PLC
  • Atos SE
  • Capgemini
  • CGI Group Inc.
  • Clearfind
  • Cognizant
  • Deloitte Touche Tohmatsu Limited
  • Ernst & Young LLP
  • International Business Machines Corporation
  • Oracle Corporation
  • PricewaterhouseCoopers B.V.
  • Rapport IT
  • SAP SE
  • Trianz

Access Press Release of Software Consulting Market @ https://www.grandviewresearch.com/press-release/global-software-consulting-market

Forklift Market Outlook On The Basis Of Class, Power Source, Load Capacity, Electric Battery Type, End-use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 27 Sep 2023: The Report Forklift Market Size, Share & Trends Analysis Report By Class (Class 1, Class 2, Class 3, Class 4/5), By Power Source, By Load Capacity, By Electric Battery Type, By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global forklift market size is projected to reach USD 154.33 billion by 2030, expanding at a CAGR of 13.2% from 2023 to 2030, according to a new study by Grand View Research, Inc. The growth is driven by the rising need for forklifts in warehouses for the beverage and food industry, as well as in industrial manufacturing to load and unload cargo trucks and transport goods. Forklifts offer benefits such as reducing the requirement for labor, increasing safety, and requiring less maintenance. The need for forklifts for lifting heavy equipment and material handling is anticipated to rise as a result of the large increase in construction activity due to the rapid urbanization in nations like Brazil, South Korea, and India.

As a result of increasing environmental issues, governments in both developed and emerging economies are looking for measures to reduce the usage of ICE engines. Manufacturers are putting more effort into developing fuel-cell technology as a result of the imminent ban on petrol and diesel-based vehicles in various nations in the future. Despite the market’s rapid growth, a number of factors, including numerous options for renting a car and the expensive price of batteries, are anticipated to restrain the expansion. Additionally, it is anticipated that shifting raw material costs will soon pose a threat to the industry’s growth.

The pandemic had a detrimental effect on the market expansion. Several national governments enacted laws requiring social seclusion and the temporary closing of manufacturing plants in the first quarter of 2020. Production facility closures and problems in raw material supply chains hampered forklift sales. However, the easing of lockdown measures, followed by the resumption of warehouse operations, led to positive industrial development in the second quarter of 2021, allowing the market to recover gradually.

Access Research Report of Forklift Market @ https://www.grandviewresearch.com/industry-analysis/forklift-market

Forklift Market Report Highlights

  • The class 3 segment led the market in 2022 in terms of class. Due to the growing demand from small and medium-sized warehouses for material loading and unloading, the market is anticipated to gain momentum
  • Over the forecast period, the Class 1 segment is anticipated to advance at a significant CAGR. The market is anticipated to be driven by favorable government initiatives to boost the sales of electric vehicles and increased demand from the construction sector
  • In terms of power source, the electric segment is anticipated to register the highest growth over the forecast period. The coming ban on the sale of ICE vehicles and the quick development of EV battery power and longevity are factors responsible for this growth
  • Based on load capacity, the below 5-ton segment is expected to register the highest CAGR over the projection period. The segment growth is owing to their compactness, versatility, and cost-effectiveness, making them a valuable asset for businesses seeking efficient and flexible material-handling solutions
  • In terms of the electric battery type, the lithium-ion segment is anticipated to register the highest CAGR over the forecast period. These batteries are widely used in electric forklifts due to their higher energy density, longer lifespan, and faster charging capabilities. The demand for lithium and other rare metals in these batteries can influence their pricing and availability
  • The retail & e-commerce end-use segment is expected to register the highest CAGR over the forecast period. As businesses strive to optimize their supply chain operations and enhance productivity, they invest in advanced warehousing facilities. As a result, the need for efficient forklifts has grown substantially

Forklift Market Report Scope

Report AttributeDetails
Market size value in 2023USD 64.90 billion
Revenue forecast in 2030USD 154.33 billion
Growth rateCAGR of 13.2% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players in the Forklift Market

  • Anhui Heli Co., Ltd.
  • CLARK
  • Crown Equipment Corporation
  • Doosan Corporation
  • Hangcha
  • Hyster-Yale Materials Handling, Inc.
  • Jungheinrich AG
  • KION Group AG
  • Komatsu Ltd.
  • Mitsubishi Logisnext Co., Ltd.
  • Toyota Material Handling

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

Electric Powertrain Market Focusing On The Basis Of  Device Type, Technology, Application, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 27 Sep 2023: The Report Electric Powertrain Market Size, Share & Trends Analysis Report By Electric Vehicle (BEV, HEV/PHEV), By Component (Motor/Generator, Battery, Power Electronics Controller), By Region, And Segment Forecasts, 2023 – 2030

The global electric powertrain market size is expected to reach USD 260.91 billion by 2030, registering a CAGR of 15.3% over the forecast period, according to a new report by Grand View Research, Inc. The market for pure electric and plug-in hybrid vehicles has been growing significantly, in turn creating an increasing demand for automotive electric powertrains. Governments in various countries are taking initiatives to promote the development of Electric Vehicles (EVs). For instance, in 2020, the U.S. Department of Energy announced a public investment of USD 400 billion in clean energy. The investment would help develop 500,000 charging outlets for electric vehicles by the end of 2030.

The rising sales of electric vehicles have propelled prominent automotive component manufacturers to aggressively focus on developing essential EV components to gain a competitive edge. Prominent manufacturers in the market are primarily focusing on enhancing their facilities in countries such as Europe, China, and the U.S. For instance, in February 2020, Nidec Corporation invested around USD 1.8 billion to expand its electric vehicle powertrain business. The company’s three new facilities located in Poland, China, and Mexico would deliver up to 8.4 million electric motors every year.

Asia Pacific is projected to grow at a substantial pace over the forecast period owing to the increase in demand for electric vehicles and the rise in the per capita income of people. Countries such as China, South Korea, and India are among the prominent manufacturers of automobiles. Stringent government regulations and emission norms, including BS-VI in India and China VI, are also expected to contribute to the growth of the Asia Pacific market.

Stringent rules for monitoring CO2 emissions are becoming more demanding in the United States and Europe. North America has set the emission limit to 99g/km following corporate average fuel economy standards; similarly, Europe has set the emission limit to 9s5g/km by 2020 and a further reduction of 37.5% by 2030. To efficiently meet the emission target, OEMs are promoting and increasing sales of electric vehicles, which in turn will lead to an increase in demand for the electric vehicle powertrain market.

Access Research Report of Electric Powertrain Market @ https://www.grandviewresearch.com/industry-analysis/electric-powertrain-market

Electric Powertrain Market Report Highlights

  • The motor/generator component segment is anticipated to witness a high CAGR of over 16.7% from 2022 to 2030 owing to the increasing penetration of BEVs and PHEVs globally
  • The HEV/PHEV electric vehicle segment is anticipated to witness the highest CAGR of 15.9% over the forecast period. This can be attributed to the charging flexibility benefit that these vehicles offer
  • The passenger segment dominated the market in 2022. The increasing demand for vehicles for daily transportation, along with the adoption of electric vehicles, particularly in developing countries, is fueling the electric vehicle powertrain market growth in this segment
  • Asia Pacific is expected to expand at a high CAGR of more than 14.2% over the forecast period owing to the increasing adoption of electric vehicles in countries such as China and India

Electric Powertrain Market Report Scope

Report AttributeDetails
Market size value in 2023USD 96.08 billion
Revenue forecast in 2030USD 260.91 billion
Growth rateCAGR of 15.3% from 2023 to 2030
Base year for estimation2022
Historical data2018 – 2021
Forecast period2023 – 2030

List of Key Players in the Electric Powertrain Market

  • BorgWarner
  • Bosch Limited
  • Mitsubishi Electric Corp
  • Magna International Inc.
  • Schaeffler AG
  • ZF Friedrichshafen AG
  • Valeo
  • Nidec Corporation
  • Continental AG
  • Magneti Marelli Ck Holdings

Access Press Release of Electric Powertrain Market @ https://www.grandviewresearch.com/press-release/global-electric-powertrain-market

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