Polylactic Acid Market Focusing On The Basis Of End-use, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 19 Dec 2023: The Report Polylactic Acid Market Size, Share & Trends Analysis Report By End-use (Packaging, Agriculture, Automotive & Transport, Electronics, Textile), By Region (North America, Asia Pacific), And Segment Forecasts, 2023 – 2030

The global polylactic acid market size is expected to reach USD 2,772.93 million by 2030, registering a CAGR of 21.4% over the forecast period, according to a new study by Grand View Research, Inc. Rising environmental concerns, improving awareness among consumers, and stringent government regulations are contributing to eliminating the use of non-biodegradable plastics, which, in turn, is driving the growth of the polylactic acid (PLA) market. Polylactic acids are bio-sourced, and break down faster as compared to petroleum-based plastics. Due to their decreased carbon footprint, they get preference over traditional plastics. The rising emphasis on sustainable products is a key factor driving the growth of the flexible packaging industry, which is expected to result in reduced consumption of petroleum-based products and a shift toward bio-based alternatives.

Moreover, PLA is increasingly being used to manufacture single-use packaging materials that include shopping bags and disposable cutlery, which is likely to boost its demand over the forecast period. PLA is an environmentally friendly alternative to traditional plastics, notably in flexible and rigid packaging applications, as it is bio-based, compostable, and biodegradable. Bioplastics are expected to witness significant growth in their demand in the market. Rising demand for flexible packaging in various countries, including India, Saudi Arabia, China, Japan, and Germany, is further expected to fuel the demand for PLA.

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Polylactic Acid Market Report Highlights

• North America dominated the global market in 2022. The North America regional market is characterized by strong demand for sustainable products
• The demand for bioplastics in North America is expected to be spurred by initiatives by the U.S. Department of Agriculture for promoting eco-friendly products
• Asia Pacific is expected to grow at the fastest CAGR of 22.2%, in terms of revenue, over the forecast period. The regional market is primarily driven by the growing product demand from key industries including automotive & transportation, electronics, textile, packaging, appliance, and medical
• Packaging dominated the end-use segment with a revenue share of over 36.0% in 2022. The growing demand for packaged foods, including frozen meals, cake mixes, and snack foods, is expected to increase the requirements for flexible packaging, thereby augmenting the growth of the packaging industry in the coming years
• In March 2023, Toyota Boshoku Corp. announced a $54.4 million investment in its Jackson metal stamping facility to enhance production. This expansion will result in the emergence of 80 additional employment in Madison County
• The new plant will add 87,000 square feet to TBTN’s current Jackson location, allowing the company to arrange its manufacturing activities while also serving Toyota Boshoku America’s subsidiary locations

Polylactic Acid Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 713.22 million
Revenue forecast in 2030	USD 2,772.93 million
Growth rate	CAGR of 21.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in Polylactic Acid Market

• TotalEnergies Corbion BV
• NatureWorks LLC
• Jiangsu Supla Bioplastics Co., Ltd.
• Futerro
• COFCO
• Jiangxi Keyuan Biopharm Co., Ltd.
• Shanghai Tong-jie-liang Biomaterials Co., Ltd.
• Zhejiang Hisun Biomaterials Co., Ltd.

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Mass Notification System Market Focusing On The Basis Of Component, Enterprise Size, Solution, Application, End-Use, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 12 Dec 2023: The Report Mass Notification System Market Size, Share, & Trends Analysis Report By Component, By Enterprise Size, By Solution, By Application, By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global mass notification system market size is expected to reach USD 46.96 billion by 2030, advancing at a CAGR of 21.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The need for real-time information and user advice during emergencies significantly contributes to market growth. These systems provide communication technology that alerts people to possible safety precautions in an emergency and directs them accordingly. Globally, the market is predicted to gain ground in adoption across all geographies and become ubiquitous over the forecast years.

A mass notification method is used to notify thousands of people in under a minute, which has various benefits, including resolving incidents and recovering from them more quickly. These methods are useful for coordinating with the general public during relief and rescue activities. Strong analytics, dispersed contact data, adaptable group administration, language localization, a variety of options for managing contact data, and a globalized approach to voice and SMS routing are all made possible by mass notification systems. Speeding up user notifications and automating laborious tasks increase productivity and efficiency, and these advantages have led to the market’s expansion.

Large and small enterprises use mass notification systems to reduce and manage risks. These systems assist in alerting staff in advance, preventing damages and associated costs, and increasing return on investment (ROI). Additionally, cross-promotion of content with agencies increases engagement and outreach, voice and digital communication integration, and reporting and analytics drive market growth. As a result, businesses are increasingly using them for business continuity management in case of emergencies and disasters.

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Mass Notification System Market Report Highlights

• The hardware segment accounted for the largest market share of over 67% of the overall market in 2022. Healthcare facilities and hospitals are increasingly using IP-based notification devices and managed notification systems, contributing to the segment’s growth. By collaborating with notification hardware suppliers, market vendors are able to provide end-users with seamless mass notification experiences within their current infrastructure, enabling them to offer seamless mass notification experiences
• The large enterprises segment accounted for the largest market share of over 65% of the overall market in 2022. Large businesses offer extensive hardware and software integration, training, support services, and a more complicated IT infrastructure. During the forecast period, these qualities will support the segment’s expansion
• The distributed recipient solutions segment is anticipated to witness a significant CAGR of 22.2% during the forecast period. A facility’s emergency communications system provides comprehensible voice communications and visible signals at a greater range, in addition to automatically distributing notifications in an emergency
• The Business Continuity and Disaster Recovery (BCDR) segment accounted for the largest market share of over 62.5% in 2022. A BCDR policy allows a company to quickly recover from a disaster, reduce the risk of data loss, and improve processes while preventing emergencies. The corporate sector and other official industries require BCDR to mitigate daily risks and increase demand. As a result, the segment is expected to grow during the forecast period
• The education segment accounted for the largest share of over 20% of the overall market in 2022. The segment’s expansion is attributed to the growing use of mass notification systems to handle emergencies on campuses, quickly and easily notify students, faculty, and staff, manage the situation with reactions, and report on it.
• The North American regional market size is expected to reach USD 14,087.3 million by 2030. This regional rise is largely due to the increased need for technologies that enable safer and more efficient employee communication

Mass Notification System Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 12.08 billion
Revenue forecast in 2030	USD 46.96 billion
Growth rate	CAGR of 21.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key players in the Mass Notification System Market

• BlackBerry Limited
• Blackboard Inc.
• Desktop Alert, Inc.
• Eaton
• Everbridge
• Honeywell International Inc
• Motorola Solutions, Inc.
• OnSolve
• Singlewire Software, LLC
• xMatters

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Medical Component Manufacturing Market Segment Analysis By Process, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 20 Oct 2023: The Report Medical Component Manufacturing Market Size, Share & Trends Analysis Report By Process (Plastic Injection Molding, 3D Printing, Forging), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2021 – 2030

The global medical component manufacturing market size is expected to reach USD 15.93 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.4% from 2021 to 2030. The rising demand for 3D printed parts in the medical industry is projected to contribute to market growth.

Penetration is the adoption of medical component manufacturing in various applications in the market. The penetration of medical component manufacturing is likely to be the highest in the 3D printing segment. The benefits of 3D printing such as improved productivity, cost-effectiveness, personalization, and customization of medical products, applications in complex operations, and rapid medical prototyping are projected to benefit the growth of the 3D printing market.

The plastic injection molding process segment accounted for the largest revenue share of over 65.0% in 2020. The segment is projected to grow due to the development of efficient products using better-engineered resins. Moreover, the process can help component manufacturers produce cost-effective products in various sizes and shapes. Some of the low-cost products include disposable gloves, syringes, plastic instruments, and different one-time products for healthcare facilities.

The rising geriatric population is projected to remain an indirect contributor to market growth. There has been a change in the pattern of the aging population across the globe in the recent past owing to the decreasing levels of fertility and rising life expectancy. This has led to a longer lifespan of people, wherein the share of old people or geriatric population is growing at a rapid pace. As per the United Nations, there are over 727 million people globally who are aged 65 or above as of 2020.

Emerging economies such as India and China are projected to offer numerous opportunities for market vendors. These countries have less penetration of medical devices but higher potential owing to their large population size. Moreover, the governments in these countries have undertaken different initiatives to improve public healthcare with a focus on rural health facilities and medical infrastructure. For instance, the Indian government has allowed 100% automatic FDI in this sector, wherein prior regulatory approvals are not required.

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Medical Component Manufacturing Market Report Highlights

• The 3D printing process segment is anticipated to register the fastest CAGR of 20.8% from 2021 to 2030. Suitability to produce complex and customized products, along with cost efficiency in low volume production, is projected to drive the segment over the forecast period
• The plastic injection molding process segment held the largest revenue share of over 65.0% in 2020. Advantages such as durability, strength, ease of handling, and improved sterilization make the process comply with stringent regulations set by different government bodies
• North America accounted for the largest revenue share of over 40.0% in 2020. The Increasing geriatric population, along with a rise in lifestyle diseases, is projected to benefit the growth of the medical device industry in the region, thus benefiting the demand for various medical components
• Leading companies in the industry are focused on the development of advanced processes such as 3D printing and are likely to increase their R&D expenditure over the coming years. The merger & acquisition activities are anticipated to rise over the coming years as companies are focused on improving their market share

Medical Component Manufacturing Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 10.73 billion
Revenue forecast in 2030	USD 15.93 billion
Growth Rate	CAGR of 4.4% from 2021 to 2030
Base year for estimation	2020
Historical data	2017 – 2019
Forecast period	2021 – 2030

List of Key Players of Medical Component Manufacturing Market

• Anchor Harvey
• Rejointsrl
• Nexxt Spine, LLC
• 3D Systems, Inc.
• Heraeus Holding
• Simalex
• American Casting Company

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Technical and Vocational Education Market Segmented On The Basis Of Course Type, End-User, Learning Mode, Organization, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 20 Oct 2023: The Report Technical And Vocational Education Market Size, Share & Trends Analysis Report By Course Type (STEM, Non-STEM), By Learning Mode (Offline, Online), By End-user, By Organization, And Segment Forecasts, 2022 – 2030

The global technical and vocational education market size is anticipated to reach USD 1.43 trillion by 2030, according to a new report by Grand View Research, Inc. The industry is expected to expand at a CAGR of 9.8% from 2022 to 2030. The increasing use of technology in education and the rising demand for job-relevant skills in various sectors are expected to propel industry growth. Technical and vocational education provides support services for the educational sectors that are both instructional and non-instructional. The widespread use of the internet has demonstrated that e-education continues to proliferate and has a lot of untapped potential that could alter the industry’s performance.

The COVID-19 pandemic had a negative impact on the industry in 2020. Education providers gradually shifted to online learning and blended (online and offline) learning and training mode, which became a more efficient way of education. Advanced technology and AI-based education have played a crucial role, especially during the COVID-19 pandemic in offering services to a larger set of people due to increased accessibility worldwide. As a result, there has been a significant increase in demand for technical & vocational education during the pandemic. The STEM course type segment led the industry in 2021due to the easy availability of STEM courses.

In addition, STEM courses provide skills related to technology, engineering, science, and mathematics, which result in better job opportunities. Key players are adopting strategies, such as service launches, several developments, and technological innovations. For instance, in May 2020, SAP and UNICEF partnered to develop a training program in vocational education for the young population in the world to prepare them for job-relevant skills with quality education. The partnership aimed to provide programs to the disadvantaged youth of the world and provide them with decent jobs from acquired skills.

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Technical And Vocational Education Market Report Highlights

• The academic institutions & individual end-user segments dominated the industry in 2021. Pursuing these courses during academic education by students and individuals gives them an added advantage in procuring better job opportunities and salaries
• Europe accounted for the largest share in 2021. European technical and vocational systems are supported by a strong network of collaborators in the field of vocational education
• Social partners, including businesses and labor unions, are involved in the governance of these networks through a variety of chambers, committees, and councils
• Asia Pacific is expected to register the fastest CAGR over the forecast period owing to the rapid economic development as a result of the rising focus on bridging the skilled labor supply and demand gap
• Various initiatives have been started to support vocational and technical education, enhance disposable income, and expand industry potential for companies in the region
• For instance, in India, the Ministry of Skill Development and Entrepreneurship has come up with various schemes and initiatives to boost the skills that are mutually recognized and have importance in the future skillset required for work

Technical And Vocational Education Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 679.4 billion
Revenue forecast in 2030	USD 1.43 trillion
Growth rate	CAGR of 9.8% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 – 2020
Forecast period	2022 – 2030

List of Key Players in Technical And Vocational Education Market

• Adobe Inc.
• Articulate Global LLC
• City & Guilds Group
• TUV Rheinland
• Babcock International Group PLC
• Pitman Training Group
• CEGOS
• learndirect
• The Center for Professional Advancement (CfPA)
• International Business Machine Corp. (IBM)

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Autonomous Crop Management Market Focusing On The Basis Of Solution, Deployment, Application, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 18 Oct 2023: The Report Autonomous Crop Management Market Size, Share & Trends Analysis Report By Solution, By Deployment, By Application (Crop Tracking & Management, Weather Tracking & Forecasting), By Region, And Segment Forecasts, 2022 – 2030

The global autonomous crop management market size is anticipated to reach USD 5.58 billion by 2030, registering a CAGR of 16.2% over the forecast period, according to a new report by Grand View Research, Inc. The collection of agricultural data to enhance crop growth, development, and production using advanced software and technologies is known as autonomous crop management. The market is expanding due to growing agricultural activities and the demand for real-time data for decision-making.

The primary goal of the crop management framework is to understand the environment by analyzing data generated with the help of crop management software. Since the data gathered from agricultural activities depends on real-time data analysis, which makes data management crucial. Artificial intelligence (AI) and machine learning (ML) have become more widespread, enabling real-time access to data that simplifies data management tasks like planning, buying, feeding, harvesting, marketing, and inventory control. Real-time data collected from farming operations aid in analysis and decision-making. Thus, an increase in the implementation of AI and ML for real-time farm data management is driving the growth of the industry.

Furthermore, to meet the growing need for food, most companies are implementing a variety of strategies like merger acquisition, partnerships, and new product launches by implementing a wide range of technologies. For instance, in August 2022, Trimble acquired Bilberry French technology company to extend the selective spraying capabilities for sustainable farming. Selective spraying solutions help the farmers to address the challenges that include an increase in production costs and rising weed resistance to herbicides.

Additionally, in 2019, Syngenta acquired the Cropio Group, an Ag-Tech company that offers end-to-end software solutions that provide imaging, equipment tracking, and record keeping. Software is required to meet the needs of farmers striving for great productivity. This has prompted many investors to fund startups, contributing to the crop management software market expansion.

However, a lack of workforce with proper technical knowledge is likely to hamper the industry’s growth. The industry’s expansion in the upcoming years is also anticipated to be hindered by poor internet access, particularly in emerging markets. Nevertheless, the key players are expecting to find plenty of opportunities to profit in the near future, owing to the technical improvements and the increasing use of smartphones. For instance, in February 2022, Croptracker, Inc. released ground-breaking Harvest Quality Vision 3.0 (HQV 3.0) which to anticipate the size of harvested food accurately. It uses the same off-the-shelf LiDAR technology seen in iPads and iPhones to quickly and accurately scan fruits of all shapes and sizes.

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Autonomous Crop Management Market Report Highlights

• The major factors driving the industry’s growth include the rising use of contemporary farming techniques and rising food demand brought on by the world’s expanding population.
• The services segment is anticipated to grow at the fastest CAGR of 16.7% during the forecast period. Services are further bifurcated into professional and managed services. Professional services are further classified into system integration & consulting and maintenance & support. System integration is anticipated to grow with the fastest CAGR during the forecast period
• The cloud-based software model is anticipated to gain significant market share over the projected period as it eliminates energy consumption and provides storage for a large amount of data while facilitating cost-saving
• Crop tracking and management held the largest share of 30.4% in 2021. Owing to the benefits offered such as minimizing human error and providing real-time alerts to infections & diseases to reduce crop loss
• The digital revolution in the agricultural sector, along with government financial initiatives for farms, is expected to drive the demand for crop management software in Europe in the upcoming years
• Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the availability of the largest agricultural land, which provides opportunities for the market to grow in countries such as China, India, and Japan

Autonomous Crop Management Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 1.68 billion
Revenue forecast in 2030	USD 5.58 billion
Growth Rate	CAGR of 16.2% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 – 2020
Forecast period	2022 – 2030

List of Key Players in the Autonomous Crop Management Market

• Croptracker
• Cropio
• Software Solutions Integrated (SSI)
• Agrivi
• Granular
• Trimble
• Farm ERP
• Conservis
• Raven Industries
• Topcon Corporation
• Proagrica
• Cropin
• CropX
• Microsoft Corporation (Farm Beats)
• IBM (Regenerative Agriculture)

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Search And Rescue Helicopter Market Segment Analysis By Component, Type, End-Use, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 17 Oct 2023: The Report Search And Rescue Helicopter Market Size, Share & Trends Analysis Report By End-use (Commercial & Civil, Military), By Type (Light, Heavy), By Component (Engine, Rescue Equipment), By Region, And Segment Forecasts, 2022 – 2030

The global search and rescue helicopter market size is anticipated to reach USD 2.84 billion by 2030, with an estimated CAGR of 4.1% from 2022 to 2030, according to the latest report by Grand View Research, Inc. A rise in search & rescue operations around the world and increasing deliveries of helicopters are driving the growth of the industry. For instance, in March 2022, China’s Ministry of Transport signed a contract with Leonardo S.p.A for six AW189 search & rescue helicopters. The company aims to complete the deliveries of the same by 2023. The rising evacuation missions, surveillance tasks, rescue operations, and other operations, conducted by commercial & civil entities and militaries have augmented the demand for search & rescue helicopters.

Commercial entities, such as oil refineries, create product demand as they operate their own search & rescue helicopter fleets. For instance, in September 2022, Equinor, a petroleum refining company, awarded Bristow Group Inc. the contract to provide SAR services over four years. As per the contract, Bristow Group will provide SAR services with three SAR-ready advanced S-92 helicopters. The Asia Pacific region is expected to grow at the fastest CAGR from 2022 to 2030 due to the rising commercial & civil and military applications for search & rescue helicopters. For instance, in June 2022, the Indian Coast Guard ordered a squadron of Hindustan Aeronautics Ltd.’s MK III for SAR and surveillance purposes along the coastlines.

Moreover, countries in the region are formulating favorable policies to encourage FDI in their country. For instance, China’s favorable FDI policies for manufacturers enabled many prominent companies, including Airbus S.A.S. and Sikorsky, to establish manufacturing and assembly facilities in China. For instance, in April 2019, Airbus Helicopters opened its H135 final assembly line in Qingdao, China. The Airbus factory is the first foreign manufacturer-operated helicopter Final Assembly Line (FAL) in China and the first H135 FAL situated outside Europe, which is anticipated to fuel the regional market growth.

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Search And Rescue Helicopter Market Report Highlights

• The rescue equipment component segment is predicted to register the fastest CAGR during the forecast period
• This is due to the increase in search & rescue operations, which require efficient and robust rescue equipment for safe and successful operations
• The North America region accounted for the largest revenue share in 2021 owing to an increase in search & rescue operations offshore and the replacement of old fleets
• The commercial & civil end-use segment led the global industry in 2021 on account of multiple product applications in this segment, such as air ambulances, evacuation missions, aid & rescue missions, and more

Search And Rescue Helicopter Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 2.06 billion
Revenue forecast in 2030	USD 2.84 billion
Growth rate	CAGR of 4.1% from 2022 to 2030
Base year for estimation	2021
Historical data	2018 – 2020
Forecast period	2022 – 2030

List of Key Players of Search And Rescue Helicopter Market

• Airbus S.A.S
• Lockheed Martin Corp.
• Leonardo S.p.A
• Bell Textron, Inc.
• Hindustan Aeronautics Ltd.

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Crypto Wallet Market Segmented On The Basis Of Type, Operating System, Application, End-User, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 17 Oct 2023: The Report Crypto Wallet Market Size, Share & Trends Analysis Report By Wallet Type (Hot Wallets, Cold Wallets), By Operating System (Android, iOS), By Application, By End-user, By Region, And Segment Forecasts, 2023 – 2030

The global crypto wallet market size is expected to reach USD 48.27 billion by 2030, growing at a CAGR of 24.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Crypto wallets help users store their private keys securely and use them while carrying out any transactions in cryptocurrency. The increasing use of cryptocurrency for individual and commercial use, the growing demand for enhanced security in crypto transactions, the expanding use of smartphones, and internet penetration are expected to drive the growth of the market over the forecast period.

The growing internet penetration and smartphone usage are expected to fuel the demand for crypto wallets. Internet users worldwide increased from 4,585 million to 4,901 million from 2020 to 2021. The increasing internet usage is contributing to the adoption of cryptocurrencies across the globe. Users are increasingly adopting crypto wallets to store, receive, and send cryptocurrency, which is easily accessible, and downloadable software. The increasing smartphone penetration is driving mobile crypto wallet downloads, thereby contributing to the market’s growth.

The integration of crypto wallets into mainstream financial services is gaining momentum. Traditional banks and financial institutions are recognizing the potential of cryptocurrencies and blockchain technology. Consequently, they are exploring partnerships with crypto wallet providers to offer their customers secure access to digital assets.

The COVID-19 pandemic had a positive impact on the crypto wallet industry. In the face of financial extremities and economic meltdowns created due to the pandemic, cryptocurrencies have proved more resilient. During this economic downturn, technologically inclined investors sought cryptocurrencies as a steadier store of value, which created a boom in the cryptocurrency market. Moreover, the rapid digitization and high-speed internet infrastructure growth fueled by the pandemic created a rich environment for digital currency. All these factors are expected to contribute to the growing market for crypto wallets in the future.

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Crypto Wallet Market Report Highlights

• Based on wallet type, the cold wallets segment is expected to witness significant growth over the forecast period. With the growing concerns over cyber threats and the importance of securing cryptocurrency investments, the demand for cold wallets is expected to surge
• Based on operating system, the Android segment is expected to witness significant growth over the forecast period. The flexibility of the Android ecosystem has made it easier for users to access and manage their cryptocurrency holdings. Android crypto wallet apps are available through various app stores and can be easily downloaded and installed on smartphones and tablets
• Based on application, the remittance segment is expected to register significant growth over the forecast period. Cryptocurrency remittance enables immediate fund transfers in real-time at lower processing fees. Cryptocurrency companies are increasingly offering remittance services to cater to the growing demand from cryptocurrency users. The increasing demand for cryptocurrency is expected to fuel the segment’s growth
• Based on end-user, the individual segment is expected to register significant growth over the forecast period. The global cryptocurrency users increased from 106 million in January 2021 to 295 million in December 2021. The increasing demand for cryptocurrencies for trading, store of value, remittance, and payments is expected to drive the growth of the individual segment.
• Based on region, the Asia Pacific is anticipated to emerge as the fastest-growing regional market. The region is witnessing a surge in fintech innovation and blockchain-related startups, leading to the development of user-friendly and secure crypto wallet solutions.

Crypto Wallet Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 10.27 billion
Revenue forecast in 2030	USD 48.27 billion
Growth rate	CAGR of 24.8% from 2022 to 2030
Base year of estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players in the Crypto Wallet Market

• Coinbase Global, Inc.
• BitGo
• Binance
• BitPay
• SatoshiLabs s.r.o.(Trezor)
• Ledger SAS
• BlockFi Inc.
• Exodus Movement, Inc.
• ZenGo Ltd
• com
• com, Inc.

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Convergent Billing Market Focusing On The Basis Of Solution, Service, Deployment, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 13 Oct 2023: The Report Convergent Billing Market Size, Share & Trends Analysis Report By Solution (Customer Relationship Management, Settlement & Payment Management, Voucher Management), By Service, By Deployment, By Region, And Segment Forecasts, 2022 – 2030

The global convergent billing market size is expected to reach USD 67.34 billion by 2030, growing at a CAGR of 21.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. With the growing emergence of smartphones driven by additional capabilities beyond voice and text messages, such as television screens, music players, travel guides, internet browsers, and maps, the conventional network billing model is becoming outdated. Convergent billing unifies all these services under one consolidated bill, which enables customers to have a unified view of all the services they have opted for, making the consumer experience more satisfactory.

The telecom industry has evolved over the past few years due to technological advancements in smartphones and internet connectivity. Telecom operators are now required to offer multiple services, where customers can make purchases from third parties, such as digital content providers. Telecom providers are incorporating these third-party services into one platform, offering their customers discounts and cross-service price concessions. To keep up with these changing trends, telecom providers are deploying convergent billing software, consolidating all these services under one catalog or bill for the customer.

By consolidating all the services under one catalog or bill, telecom providers can better understand their customers and offer customized services. With the ability to provide a rich customer experience, telecom companies are focusing on enhancing their marketing strategies. Moreover, convergent billing creates one platform for postpaid and prepaid services, streamlining business operations. The benefits of convergent billing drive the adoption of the software from telecom companies, thereby driving the market’s growth.

Smartphone usage for various use cases, right from calls & voice messages to work, increased during the COVID-19 pandemic. With this increased smartphone usage, telecom companies have to store and process large amounts of customers’ data. The traditional business support systems (BSS) are inadequate in handling this data. Hence, telecom companies are adopting convergent billing solutions to keep up with customers’ increased demand, thereby driving the market’s growth.

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Convergent Billing Market Report Highlights

• Customer relationship management is expected to witness significant growth over the forecast period. It offers a platform/technology to manage the company’s all interactions with customers and internal collaborations. CRM solutions provided by the convergent billing system help companies stay connected with their customers, streamline the interaction process, and improve profitability. The benefits offered by customer relationship management are driving the growth of the segment
• The managed services segment is expected to witness significant growth over the forecast period. Managed services assist in managing business platforms and infrastructure. These services can be beneficial to the customer support team in locating issues immediately, determining the source of infrastructure disruptions, and ultimately operating more dependably and effectively. Businesses are adopting managed services to effectively manage their IT infrastructure, save time, and save IT overhead costs, which is driving the growth of the segment
• The cloud deployment segment is expected to grow significantly over the forecast period. End users prefer cloud deployment of convergent billing systems as they can be deployed on the vendor’s server, minimizing the deployment cost and time. Additionally, vendors can access the software through a web browser, making it accessible and efficient, which is expected to drive the segment’s growth over the forecast period
• Asia Pacific is anticipated to emerge as the fastest-growing regional market. The growth can be attributed to a broader customer base and a substantial number of small & medium telecom providers in the region. Intensifying competition between key telecom providers is expected to drive the adoption of convergent billing systems to gain a competitive edge, driving the regional growth

Conversion Billing Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 14.11 billion
Revenue forecast in 2030	USD 67.34 billion
Growth rate	CAGR of 21.6% from 2022 to 2030
Base year of estimation	2021
Historical data	2017 – 2022
Forecast period	2022 – 2030

List of Key Players in the Convergent Billing Market

• Nokia Corporation
• Sterlite Technologies Limited
• Amdocs
• Optiva Inc.
• SAP SE
• Huawei Technologies Co., Ltd.
• CSG International
• Mind CTI
• Comarch SA
• IDI Billing

Access Press Release of Convergent Billing Market @ https://www.grandviewresearch.com/press-release/global-convergent-billing-market

Aircraft Cabin Interior Market Outlook On The Basis Of Material, Type, Aircraft Type, End User, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 13 Oct 2023: The Report Aircraft Cabin Interior Market Size, Share & Trends Analysis Report By Material (Alloy, Composites, Others), By Type, By Aircraft Type (Narrow Body, Wide Body, Business Jets, Regional Transport Aircraft), By End User, And Segment Forecasts, 2023 – 2030

The global aircraft cabin interior market size is expected to reach USD 41.10 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.9% from 2023 to 2030, according to a new study by Grand View Research, Inc. The market is experiencing a distinct shift towards passenger-centric innovations. Airlines and manufacturers are focusing towards enhancing the passenger travel experience. This encompasses the seamless integration of advanced technologies such as interactive seat touchscreens, tailor-made entertainment choices, and customizable lighting configurations. These innovations collectively aim to establish an environment of comfort and enjoyment during the journey, thereby anticipated to fuel market growth over the forecast period.

The current aviation landscape places a strong emphasis on connectivity, propelling aircraft cabin interiors to transform into immersive hubs for entertainment and communication. This trend involves seamlessly integrating high-speed Wi-Fi, streaming services, and captivating VR/AR experiences directly into cabins, ensuring passengers are engaged and maintain seamless connectivity throughout the entire duration of their flight. Companies are focusing on leveraging immersive technologies to streamline aircraft cabin design processes and enhance remote collaboration. For instance, in June 2023, Airbus unveiled their first immersive remote collaboration concept. The company is pioneering digital collaboration with an innovative approach, utilizing mixed reality technologies to create an industry-first solution for customizing aircraft interiors. This concept revolutionizes how Airbus approaches aircraft cabin definition, facilitating real-time, immersive virtual interactions with customers, both locally and remotely. Such strategies by key players are expected to drive the market growth over the forecast period.

Moreover, the key trend in the market is its adaptability across various aircraft sizes such as small, medium, and large. Despite the Covid-19 pandemic, the market continues to display resilience. This growth is fueled by global airlines expanding their flight operations and adhering to regulatory guidelines. India stands out as a prime adopter of aircraft cabin interiors due to its strong domestic airline network. Meanwhile, the European and North American markets flourish due to passengers’ strong inclination towards air travel, contributing to the widespread prevalence of market.

Access Research Report of Aircraft Cabin Interior Market @ https://www.grandviewresearch.com/industry-analysis/aircraft-cabin-interior-market-report

Aircraft Cabin Interior Market Report Highlights

• Based on Material, the alloys segment accounted for over 64% of the market share in 2022, owing to the use of alloys as a core material in aircraft interior components.
• Based on Type, the entertainment & connectivity segment dominated the market in 2022, due to the growing emphasis of airline companies on enhancing passenger comfort.
• Based on Aircraft Type, the narrow body aircraft segment dominated the market in 2022, due to the global upsurge in domestic air passenger traffic.
• Based on End-user, the OEM segment is expected to witness highest growth rate from 2023 to 2030, driven by growing demand for innovative and customized cabin solutions.
• The Asia Pacific regional market is anticipated to register the highest CAGR of over 14.7% from 2022 to 2030, driven by the region’s expanding air travel demand and increasing investments in aviation infrastructure.

Aircraft Cabin Interior Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 24.18 billion
Revenue forecast in 2030	USD 41.10 billion
Growth rate	CAGR of 7.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2020
Forecast period	2023 – 2030

List of Key Players of Aircraft Cabin Interior Market

• Astronics Corporation
• Cobham PLC
• Collins Aerospace
• Gogo, Inc
• Honeywell International Inc.
• Hong Kong Aircraft Engineering Company Limited
• JCB Aero
• Panasonic Corporation
• Thales GroupThe Boeing Company

Access Press Release of Aircraft Cabin Interior Market @ https://www.grandviewresearch.com/press-release/global-aircraft-cabin-interior-market

Spend Management Platform Market Segment Analysis By Deployment, Enterprise, Application, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 13 Oct 2023: The Report Spend Management Platform Market Size, Share & Trends Analysis Report By Deployment, By Enterprise, By Application, By Region, And Segment Forecasts, 2022 – 2030

The global spend management platform market size is anticipated to reach USD 38.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.3% from 2022 to 2030. Enterprises using this solution platform have witnessed improved efficiency in their operations while helping in cost saving, supply chain management, procurement efficiency, etc.

The COVID-19 pandemic had a negative impact on the spend management platform market and has affected every industry differently. The decreased activity across all industries majorly affected the spend management business. The market is anticipated to benefit from the strategies adopted by the companies. For instance, in November 2020, Coupa Software bought LLamasoft, a leading AI-powered design for supply chain management to expand its position in business spend management. It helps in closing the time gap and offers continuous accounting, and real-time spending visibility.

Access Research Report of Spend Management Platform Market @ https://www.grandviewresearch.com/industry-analysis/spend-management-platform-market-report

Spend Management Platform Market Report Highlights

• Based on deployment, the cloud-based segment held the largest revenue share of 58.4% in 2021 and is projected to maintain its position over the forecast period. As a user of the cloud-based, it doesn’t require a lot of initial investment and capital to use spend management software services. The primary benefit of cloud-based software is to reduce the cost to the company. The on-premise segment is expected to register a CAGR of 9.6 % over the forecast period
• The large enterprises segment dominated the market with a share of 63.5% in 2021. The small and medium enterprises segment is likely to register the highest CAGR of 10.9% over the forecast period. The growth is mainly due to the innovation of the cloud-based segment and operational efficiency
• Based on application, the manufacturing segment held the largest revenue share of 25.4% in 2021 and is projected to maintain its position over the forecast period. Companies are highly adopting cloud-based spend management platforms. The retail segment is expected to register the highest CAGR of 11.5% over the forecast period
• North America dominated the market in 2021 with a market share of 33.2% and is expected to expand at a CAGR of 9.4% over the forecast period. The key drivers of the region’s market include a requirement for efficient data, time, and resource management due to cutthroat market competition. In November 2021, Coupa Software Inc. announced the increased adoption of spending solutions from the manufacturing sector. Asia Pacific is likely to register the highest CAGR of 11.4% over the forecast period
• Major players in the market are doing mergers and acquisitions, R&D activities, strategic agreements and expansions to enhance their business. For instance, in August 2020, Sievo joined hands with Basware, a procure-to-pay provider. This collaboration will enable the former to integrate Basware data into Sievo’s analytics platform and offer AI-powered insights to the end-user segment

Spend Management Platform Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 17.4 billion
Revenue forecast in 2030	USD 38.1 billion
Growth Rate	CAGR of 10.3% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 – 2020
Forecast period	2022 – 2030

List of Key Players of Spend Management Platform Market

• Coupa Software, Inc.
• Touchstone Group
• SAP SE
• Sievo
• Expensify Inc.
• The Sage Group PLC
• TRADOGRAM
• SutiSoft Inc.
• GEP
• Happay
• Procurify Technologies Inc.
• Advanced

Access Press Release of Spend Management Platform Market @ https://www.grandviewresearch.com/press-release/global-spend-management-platform-market