Manufacturing execution systems (MES) refer to computing systems that monitor, control and document production processes in manufacturing facilities. MES helps in monitoring production activities from order entry to dispatch and collects production and process data. It assists manufacturing companies in optimizing their resources such as manpower, material and plant capacity. MES also enhances traceability, visibility and continuous improvement across the value chain by seamlessly connecting operators, processes and the enterprise system. The growing need among manufacturing companies to improve productivity, quality, compliance, visibility and traceability is fueling the demand for MES.
The Global Manufacturing Execution Systems and Software (MES) Market is estimated to be valued at US$ 16.33 Bn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Manufacturing Execution Systems and Software (MES) are General Electric Company, Mitsubishi Heavy Industries Ltd, RWG (Repair & Overhauls) Limited, Metalock Engineering Group, Goltens Worldwide Management Corporation, Siemens Energy AG, Sulzer Ltd, Doosan Heavy Industries and Construction, Solar Turbines Incorporated, and Ethos Energy LLC. These players are focusing on developing advanced MES solutions and establishing partnerships with manufacturing companies to strengthen their market position.
The growing demand from process and discrete manufacturing industries is also fueling the adoption of MES. Industries such as oil & gas, chemicals, food & beverages, pharmaceuticals, pulp & paper and automotive are increasingly deploying MES to enhance production efficiency, performance and meet stringent compliance & regulatory standards.Furthermore, the uptake of Industry 4.0 technologies such as Internet of Things, advanced analytics, additive manufacturing and cloud computing is expected to provide significant growth opportunities for MES vendors to develop next-generation solutions over the forecast period.
Cloud computing and big data analytics are transforming the MES landscape with the development of IIoT and Industry 4.0 technologies. MES solution providers are integrating capabilities such as predictive maintenance, quality prediction, resource allocation, performance benchmarking powered by big data analytics and cloud computing to their offerings. This is helping manufacturing companies gain real-time visibility, reduce downtime, optimize resource utilization and drive continuous improvement.
Market Trends
The two major trends in the Manufacturing Execution Systems Market Growth include growing popularity of cloud-based MES solutions and increasing adoption of cognitive computing. More organizations are deploying cloud-based MES to gain operational flexibility while reducing upfront capital costs and IT expenditures. This is helping companies stay connected globally and drive decisions based on real-time data from distributed environments. Furthermore, the integration of cognitive capabilities such as computer vision, AI and machine learning into MES platforms is aiding in automation, predictive quality monitoring and smarter manufacturing.
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Infrastructure as a service (IaaS) provides virtualized computing resources such as storage, hardware platforms, and networking components via the internet. IaaS allows enterprises to set up an operational IT infrastructure on a public cloud without having to build their own infrastructure or procure hardware. Some key advantages of IaaS include flexibility, scalability, high availability, reduced cost of ownership, and pay-as-you-go pricing model. The need for scalable, cost-effective and remotely accessible cloud services is growing rapidly across industries to support digital transformation initiatives.
The Global Infrastructure as-a-Service Market is estimated to be valued at US$ 74.22 Billion in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Infrastructure as a service market are Rubicon Technology Inc., KYOCERA Corporation, Saint-Gobain, SCHOTT AG, Monocrystal, Rayotek Scientific Inc., CRYSTALWISE TECHNOLOGY INC., ILJIN Display CO. Ltd, Namiki Precision Jewel Co., Ltd., Juropol Sp. z o.o. The demand for IaaS is growing rapidly due to the increasing adoption of cloud computing and DevOps among enterprises. Technological advancements such as edge computing, 5G, automation, and artificial intelligence are further enhancing the capabilities of IaaS platforms.
Market Trends
The rising popularity of hybrid cloud models among organizations is a key trend in the Infrastructure As A Service Market Share. Hybrid cloud allows enterprises to utilize both public and private clouds to maximize the advantages of each deployment model. Another trend is the increasing focus on developing sustainable and eco-friendly data center infrastructure to support IaaS. Tech giants are investing in renewable energy sources and efficient cooling solutions to build green data centers.
Market Opportunities
Growing demand for disaster recovery-as-a-service (DRaaS) solutions among enterprises provides lucrative opportunities for IaaS vendors. DRaaS provides automated replication and recovery of critical applications and data to ensure business continuity. Another major opportunity is the increasing initiatives toward digital transformation of government agencies and smart city projects which rely on scalable cloud infrastructure.
Impact of COVID-19 on Infrastructure As-A-Service Market Growth:
The COVID-19 pandemic has significantly impacted the growth of the Infrastructure As-A-Service market globally. The crisis compelled organizations across industries to adopt remote working models and digital technologies at a large scale, driving significant demand for IaaS solutions. Various restrictions imposed during the pandemic such as lockdowns and travel bans disrupted supply chains initially. However, IaaS providers played a crucial role during this period by enabling seamless service continuity and uninterrupted access to critical applications for remote workers. This boosted the reliance of organizations on cloud infrastructures to sustain business operations. The demand for IaaS solutions further increased in the post-COVID period as many companies have continued the work from home policy and are looking to enhance digital capabilities and flexibility through public clouds on a long-term basis. While supply chain issues persisted during the early phase of recovery, IaaS vendors responded proactively with capacity expansions and innovative pricing schemes to support the surge in cloud adoption. Looking ahead, the market is expected to grow exponentially driven by increasing migration of workloads to public clouds and need for scalable, flexible and pay-per-use infrastructure services among organizations across verticals.
Geographical Regions with Highest Concentration in Infrastructure As-A-Service Market:
North America represents the largest and most concentrated region in terms of Infrastructure As-A-Service market value currently. The region accounts for over 40% of the global market revenue led by widespread digital transformation among enterprises and advanced cloud adoption in the US and Canada. Factors such as strong technological advancements, presence of prominent IaaS vendors, and high IT expenditure fuel cloud infrastructure services demand in North America. Asia Pacific is emerging as another major geographical hub for IaaS with around 25% of global market worth. Countries including China, India, Japan and Australia are demonstrating fast pace of cloud migration to achieve operational agility and support expanding digital ecosystems. Rapid economic growth, growing internet penetration, and government initiatives promoting cloud computing are driving substantial growth of IaaS deployments across Asia Pacific.
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Graphic Processing Units or GPUs are specialized electronic circuits designed to process computer graphics rapidly. They are designed to handle workload related to graphic rendering required for applications such as gaming, computer-aided design, and data visualization. GPUs have greatly enhanced graphic capabilities as compared to traditional Central Processing Units (CPUs). They provide high graphical performance required to develop vivid imagery for applications like realistic video games and virtual reality environments. With advancements in virtual and augmented reality technology, demand for high-quality graphics is increasing significantly. This is expected to drive demand for high-performance GPUs exponentially over the forecast period.
The Global Graphic Processing Unit Market is estimated to be valued at US$ 47.77 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Graphic Processing Unit are Salesforce.com, Inc., LogicBay Corporation, Oracle Corporation, Allbound Inc., International Business Machines Corp, Impartner Software, ZINFI Technologies, Inc., Zyme Solutions, PartnerPath, Blackhawk Engagement Solutions, Inc., The Planet Group, Allbound Inc., and Channeltivity, LLC. With rising demand for virtual reality and augmented reality applications, key players are investing significantly in the development of high-performance GPUs to deliver enhanced graphic capabilities. For instance, in 2021, NVIDIA launched RTX 30 series GPUs to offer lifelike ray-traced graphics and AI-powered features for advanced gaming and creative applications.
Growing demand for gaming and visual computing applications is another key factor boosting demand for GPU Market Growth. The gaming industry has witnessed significant growth over the past few years with increased availability of realistic open-world games. This has augmented the demand for high-performance GPUs capable of handling advanced graphics required for immersive gaming experiences. Rapid adoption of AI and machine learning technologies has also fueled the adoption of GPUs for compute-intensive deep learning and data analytics applications.
Technological innovations are further expected to support the growth of the graphics processing unit market during the forecast timeframe. Key players operating in the market are focusing on developing innovative chip architectures and manufacturing technologies. For instance, in 2021, AMD launched RDNA 2 architecture based Radeon RX 6000 series GPUs offering double the performance per watt compared to previous generations. Such innovations have accelerated graphics performance and fueled demand for graphic cards in desktops and gaming laptops.
Market Trends
1. Increased Demand for Miniaturization: Manufacturers are developing compact and portable GPU models to allow high-performance graphics processing on thin and light notebooks, laptops, and tablets. This is expected to drive the adoption of GPUs in applications such as cloud gaming.
2. Use of AI and ML: GPU manufacturers are integrating AI and ML capabilities into graphic cards to support data-intensive deep learning workloads. This has accelerated GPU adoption for AI model training and development across industries.
Market Opportunities
1. Growth of Gaming Industry: Rising popularity of online multiplayer games, esports, and cloud gaming is expected to fuel demand for high-powered GPUs. This offers lucrative growth opportunities for GPU market players.
2. Adoption in Automotive Industry: Increasing use of GPUs to power interactive digital cockpits, advanced driver-assistance systems, and autonomous driving functionalities offers promising growth prospects.
Impact of COVID-19 on Graphic Processing Unit Market Growth
The COVID-19 pandemic has significantly impacted the growth of the graphic processing unit market. During the initial lockdown phases in early 2020, manufacturing facilities and production units were shut down. This led to disruptions in the supply chain and shortage of raw materials. With people confined to their homes, demand from the gaming sector declined sharply. Projects under development were also temporarily halted, negatively impacting the professional solutions segment.
However, as lockdowns started easing from mid-2020, production and supply chain activities resumed gradually. The work from home culture also boosted demand for desktops, laptops and gaming PCs equipped with advanced graphic cards. This provided some respite to market players. Rising consumption of over-the-top media services and online gaming amid pandemic-induced restrictions further aided recovery. The education industry’s transition to remote/hybrid learning models also increased requirements for graphic intensive applications.
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Dispersion adhesives are water-based adhesives that are manufactured by uniformly dispersing solid synthetic or natural polymers in water. They find widespread applications in woodworking, packaging, bookbinding, label and other manufacturing industries due to their advantages such as low odor, good adhesion to a variety of substrates, and moisture resistance. Dispersion adhesives can bond various surfaces like metal, wood, plastic, ceramic and many others together.
The global dispersion adhesives market is estimated to be valued at US$ 9.81 billion in 2024 and is expected to exhibit a CAGR of 6.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the dispersion adhesives market include Smith & Nephew plc, Aranz Medical Limited, eKare Inc., and WoundMatrix Inc.
The growing demand from the construction industry is one of the major factors driving the growth of the Dispersion Adhesives Market Share . Dispersion adhesives are widely used for bonding wood panels, laminates, and other construction materials due to their versatility and durability.
Technological advancements in dispersion adhesives has led to the development of products with high bonding strength, water resistance and low emissions of volatile organic compounds. manufacturers are focusing on developing sustainable and eco-friendly dispersion adhesive solutions.
Market Trends
Water-based – Water-based dispersion adhesives are gaining popularity due to stringent environmental regulations restricting the use of solvent-based adhesives. They emit lower VOCs and offer advantages such as fast drying, non-flammable, and suitable for indoor applications.
Sustainable – With increasing focus on sustainability, manufacturers are developing bio-based and recycled material-based dispersion adhesives with reduced carbon footprint.
Market Opportunities
Construction industry – Growth in infrastructure development and construction activities worldwide is expected to drive the demand for dispersion adhesives for applications such as flooring, gluing, and panel bonding.
Packaging industry – Opportunities exist in using dispersion adhesives for case and carton sealing, bag sealing, and labeling in the packaging industry.
Impact of COVID-19 on Dispersion Adhesives Market Growth
The COVID-19 pandemic adversely impacted the dispersion adhesives market growth. In the initial months of 2020, various end-use industries such as automotive, construction, footwear, and packaging witnessed a significant decline in demand and manufacturing activities due to nationwide lockdowns imposed by governments across the globe. This resulted in a sharp reduction in demand for dispersion adhesives from these industries. However, with the gradual lifting of lockdowns and resumption of manufacturing activities, the dispersion adhesives market is recuperating at a steady pace.
The pre-COVID forecast period from 2024 to 2031 anticipated significant market expansion driven by rising requirements from various applications. However, the outbreak introduced short-term uncertainties. Still, as the pandemic situation stabilizes, fundamental industry drivers are likely to regain momentum. Key market players are focusing on developing innovative, high-performance, and eco-friendly adhesive formulations to cater to the evolving needs. New opportunities are emerging in the healthcare sector with growing usage of dispersion adhesives in medical devices and equipment manufacturing. The market is expected to get back on the forecasted growth trajectory in the coming years on the back of initiatives by governments and industry stakeholders.
Geographical Regions with High Dispersion Adhesives Market Value
Asia Pacific dominates the global dispersion adhesives market in terms of value. Countries such as China, India, Japan, and South Korea contribute majorly to the regional market. Strong growth of end-use industries such as automotive, construction, packaging, footwear is driving the consumption of dispersion adhesives. Availability of raw materials and low-cost manufacturing facilities make Asia Pacific an attractive production base for adhesive manufacturers.
Fastest Growing Region for Dispersion Adhesives Market
South America is projected to be the fastest growing regional market during the forecast period. Countries like Brazil, Argentina, Colombia are witnessing increased infrastructure development, industrialization and automotive production. This is fueling the demand for various adhesives including dispersion adhesives in the region. Additionally, ongoing government initiatives to boost manufacturing capabilities are anticipated to propel the dispersion adhesives market growth in South America.
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The microsegmentation market involves dividing network segments into small logical groups to improve security and compliance. Microsegmentation helps confine security breaches by restricting interactions between components within a network based on business requirements. It prevents lateral movement of threats within an organization’s infrastructure. Microsegmentation products offer features like security policy management, automated network mapping, and monitoring of East-West traffic.
The Global Microsegmentation Market is estimated to be valued at US$ 2682.72 Bn in 2024 and is expected to exhibit a CAGR of 61% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the microsegmentation market are AutoX, Inc., Baidu, BMW AG, Daimler AG, EasyMile, Ford Motor Company, GM Cruise LLC, Hyundai, Tesla, Inc., and Waymo LLC. The growing demand for data security across industries due to digital transformation and emergence of technologies like IoT, cloud computing and mobility is a major factor fueling market growth. Various technological advancements like software-defined microsegmentation, container microsegmentation and serverless microsegmentation are enhancing operational efficiency.
Market Trends
The Microsegmentation Market Demand is witnessing increasing adoption of software-defined security which separates security controls from network infrastructure. It ensures consistent security policies across physical, virtual and cloud environments. Another key trend is the growth of workload-based microsegmentation which isolates individual components of applications allowing security teams to apply granular access policies. It helps adhere to zero-trust principles.
Market Opportunities
Rising demand for network visibility and control from organizations will create opportunities for microsegmentation solution providers. The growing development of autonomous vehicles will require robust in-vehicle security and safety systems. This presents an opportunity for automotive OEMs to adopt microsegmentation approach and isolate critical functions. Expanding usage of IoT devices also increases the need for microsegmentation to isolate devices and enforce granular network access at the workload level.
Impact of COVID-19 on Microsegmentation Market Growth
The outbreak of COVID-19 pandemic had a significant impact on the growth of microsegmentation market globally. During the initial phase of pandemic, lockdowns imposed across various countries led to closure of industries and reduced production activities. This had a negative impact on the demand for microsegmentation solutions from different end use verticals like BFSI, government, healthcare, and others. However, as more people started working from home, the need for advanced network security solutions increased rapidly. Various organizations accelerated their digital transformation strategies and emphasized on zero trust network access to ensure security of remote locations. This created new growth opportunities for microsegmentation vendors.
With increase in remote working cultures, the demand for advanced network segmentation is likely to continue rising in the post pandemic era. Various organizations are now focusing more on implementing microsegmentation policies to confine threats and minimize the blast radius of potential attacks. They are deploying capabilities like east-west traffic inspection and application-to-application control within data centers and cloud networks. The pandemic has highlighted the importance of network zones of control and reduced attacker mobility when threats are introduced to environments. Overall, while COVID-19 initially slowed down projects, it has made security professionals recognize the requirement of robust microsegmentation solutions. Vendors are now emphasizing on simplifying deployment, reducing costs, and improving visibility with advanced analytics.
When it comes to geographical analysis, North America currently dominates the global microsegmentation market in terms of value, accounting for more than 40% share. Major factor contributing to its leading position is high technology adoption across industries and presence of many innovating solution providers in the US and Canada. Europe and Asia Pacific follow North America in the market and are expected to witness strong growth during the forecast period aided by increasing investments in network security by enterprises across countries like Germany, UK, China, Japan and India. Latin America and Middle East & Africa also offer lucrative opportunities for microsegmentation solution providers to tap considering emerging digitalization trends in the regions.
In terms of fastest growing regional market for microsegmentation, Asia Pacific is slated to register the highest CAGR during the forecast period. Factors like growing cyber attacks, development of smart infrastructure projects, rising adoption of cloud and BYOD trends are driving the demand for advanced network security frameworks especially in major countries like India, China and Japan. Investments from both private and public sectors are encouraging widespread deployment of microsegmentation architectures in Asia Pacific to support innovation and security needs of rapidly digitalizing industries in the region.
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Workflow automation refers to the automation of routine tasks, business processes and activities to improve productivity and operational efficiency. Workflow automation aids in streamlining business processes by mapping sequences of tasks and allocating them to relevant resources including employees and systems. It incorporates features like rule-based routing of workflows, escalations and reminders to ensure smooth execution of tasks. Workflow automation is being increasingly adopted across industries to cut costs, reduce errors and improve turnaround time.
The global workflow automation market is estimated to be valued at US$ 25373.66 million in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031.
The need to streamline business processes, cut costs and enhance productivity is generating significant demand for workflow automation solutions across industries. Workflow automation helps businesses accelerate operational efficiency, reduce human errors and improve customer experience. It allows businesses to easily scale processes and reallocate resources based on priorities.
Key Takeaways
Key players operating in the workflow automation market are China Resources Cement Holdings Limited, EuroCement Group, Vulcan Materials Company, LafargeHolcim, LSR Group, Adbri, Cemex, Heidelberg Cement AG, and Martin Marietta Materials.
Rising digital transformation of businesses is boosting the adoption of Workflow Automation Market Demand solutions across end use industries. Workflow automation allows organizations to optimize business processes as per changing business priorities.
Technological advancements like artificial intelligence, robotic process automation and cognitive applications are allowing organizations to automate complex processes and tasks. AI is enabling workflow automation solutions to leverage big data for predictive analysis and automated decision making.
Market Trends
Increasing adoption of cloud-based workflow automation solutions – Cloud-based workflow automation solutions offer benefits like scalability, ease of deployment and updates. Their pay-per-use model is driving increased adoption particularly among SMEs.
Rise of intelligent workflow automation – Integration of advanced technologies like AI, machine learning and analytics is allowing workflow automation solutions to gain intelligence. Intelligent workflow automation can optimize processes in real-time based on data analysis.
Market Opportunities
Growing demand from SMBs – SMBs have limited resources and manual workflows often lead to reduced productivity and delays. Workflow automation can help SMBs streamline and scale operations cost-effectively.
Scope for innovative solutions – Advances in technologies are expanding the possibilities of workflow automation. There is scope for development of innovative solutions integrating advanced technologies for new use cases and industries.
Impact of COVID-19 on Workflow Automation Market
The COVID-19 pandemic has significantly impacted the growth of the workflow automation market. During the initial phases of the pandemic, deployment of workflow automation solutions slowed down significantly, as organizations focused attention on ensuring business continuity. However, the need for digital transformation and remote working drove increased adoption of workflow automation post pandemic. As the pandemic accelerated shift to remote working, organizations increasingly adopted workflow automation tools to streamline business processes remotely. Automating workflows helped minimize disruption to operations despite restricted physical access and remote working. Workflow automation allowed distributed teams to collaborate effectively while ensuring data security. It facilitated digital processes like approvals, tracking tasks and documents virtually. As the pandemic exposed vulnerabilities in traditional work models, it prioritized investments in automation to build resilience against future disruptions. Organizations are now focusing on deploying advanced workflow tools to future-proof operations from pandemic-like crises.
Geographical Regions with Highest Concentration of Workflow Automation Market
In terms of value, North America represents the largest regional market for workflow automation currently. Organizations in the region have traditionally been early adopters of emerging technologies. In the wake of the pandemic, digitization efforts accelerated further in North America. The demand for automation solutions surged as businesses sought to streamline distributed operations and facilitate remote working. In addition, businesses are also investing in automation to gain productivity benefits and optimize costs in the long run. Europe is another major regional market, driven by growing digital transformation initiatives across industry verticals in countries like Germany, UK and France. Asia Pacific is the fastest growing regional market for workflow automation, led by China, Japan and India. Rapid digitalization of enterprises coupled with expanding IT budgets is fueling market growth in Asia Pacific.
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The global vegan yogurt market provides numerous health benefits like improved digestion, boosting immunity as well as acting as a probiotic. Vegan yogurt is dairy-free yogurt prepared from plant-based milk like almond milk, coconut milk, soy milk, etc. and is an excellent source of protein, vitamins, minerals and live active cultures.
The global vegan yogurt market is estimated to be valued at US$4.15 billion in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period 2024 to 2031.
Rising cases of lactose intolerance and milk allergies along with growing veganism are fueling the growth of this market. Vegan yogurt provides similar texture and taste of regular dairy yogurt without comprising on nutrition.
Key Takeaways
Key players operating in the vegan yogurt market are Danone, General Mills, The Hain Celestial Group, DAIYA Foods, Stonyfield Farm and Kite Hill among others. Danone leads the market with its popular brands like Alpro and Provamel vegan yogurts.
The growing demand for vegan dairy alternatives is driving the market for vegan yogurt significantly. Rise in health awareness, focus on ethical and sustainable food choices along with increasingly flexible diets are propelling the demand for Vegan Yogurt Market Growth. Asia Pacific region especially India and China are witnessing highest growth in vegan yogurt consumption.
Technological advancement in yogurt cultures and fermentation techniques are helping manufacturers develop vegan yogurts with similar taste and mouthfeel of dairy yogurts. Use of oat milk, coconut milk and plant derivatives as culture inoculants are improving the texture and thickness of vegan yogurts. New product launches with various flavors and combo packs catering to evolving consumer preferences is another key trend.
Market Trends
Growing demand for clean label and organic vegan yogurt: Consumers are preferring yogurt products made from recognizable ingredients without long lists of additives and artificial preservatives. This is fueling demand for organic and clean label vegan yogurt brands like Kite Hill and Archer Farms.
Increased innovation in vegan yogurt flavors and varieties: To cater varied tastes, manufacturers are launching new innovative flavors like cinnamon roll, coconut cream, blueberry cheesecake etc. Variety packs with combination of flavors and types are also finding favor with consumers looking for exploration.
Market Opportunities
Emerging markets in Asia and Latin America: Countries like India, China, Brazil offer huge untapped market opportunities owing to increasing health consciousness and shifting dietary preferences in these regions.
Growth in foodservice sector: Vegan yogurt is finding increased application in foodservice industry in preparations of salad dressings, dips, smoothies etc. This provides new revenue avenues for manufacturers.
Impact of COVID-19 on Vegan Yogurt Market growth
The COVID-19 pandemic significantly impacted the vegan yogurt market in the initial months. Lockdowns and supply chain disruptions led to a decline in production and sales during early 2020. However, with rising health consciousness and increasing demand for plant-based and organic products among consumers, the market soon witnessed a strong recovery. The pre-COVID sales growth rate of ~4% annually decreased to around 2% in 2020 but rebounded to over 5% in 2021 indicating robust future potential.
The pandemic fueled the preference for immunity-boosting and nutritious foods. Vegan yogurt containing probiotics became highly sought-after as they are dairy-free and help strengthen gut and overall health. Online sales of vegan yogurt surged during the lockdowns as people shifted to e-commerce platforms for grocery shopping. Brands boosted their online presence and delivery capabilities to cater to the changing consumer behavior. With growing risks of contracting coronavirus from animal products, many switched to vegan options believing plant-based to be healthier and more sustainable.
North America remains the dominant regional market for vegan yogurt in terms of value contribution. The U.S. accounts for a major share led by rising lactose intolerance, flexitarian diets and expanding vegan demography. Europe is the second largest market led by countries like the U.K., Germany and France where veganism is increasingly popular. Asia Pacific is poised to be the fastest-growing regional market during the forecast period with demand catalyzed by rapidly health-conscious youth and expanding middle-class. Developing countries like India and China offer lucrative prospects with growing Western influence and indigenous vegan traditions.
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The canned tuna market has witnessed significant growth over the past few years on account of rising awareness about the multiple nutritional benefits of tuna. Tuna is a great source of high-quality protein and contains essential nutrients like omega-3 fatty acids, selenium, vitamin B3, and vitamin B6. Canned tuna is extremely convenient to consume as a part of busy lifestyles. It has a long shelf life and requires no refrigeration, making it ideal for home cooking as well as outdoor activities and adventures.
The global canned tuna market is estimated to be valued at US$ 22.52 Bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the canned tuna market are Indian Tobacco Company, Mavalli Tiffin Room, Gits Food Products Pvt. Ltd., Kohinoor Foods, Priya Foods, and Bambino Agro-Industry. These players are focusing on expanding their production facilities and product lines to cater to the rising demand.
The demand for canned tuna is increasing significantly owing to rising health consciousness among consumers and growing awareness about various health benefits of tuna. Its high protein content makes it popular among fitness enthusiasts and bodybuilders. The on-the-go consumption trend is also driving the sales of canned tuna.
Technological advancements like improved packaging and new preservation techniques have increased the shelf life of canned tuna. Players are investing heavily in R&D to develop minimally processed and clean-label canned tuna products to attract health-conscious consumers. Advanced packaging helps maintain the quality and nutritional value of canned tuna for longer durations.
Market Trends
Sustainable sourcing and traceability are emerging as important trends in the Canned Tuna Market Size. Players are partnering with suppliers and fisheries to ensure sustainable fishing practices and protect marine life. Transparency in sourcing and providing traceability details on product labels help build brand trust among environmentally conscious consumers.
Another key trend is the rising popularity of flavored and seasoned canned tuna variants. Players are innovating with different flavor profiles and recipes like Mediterranean, Thai, Indian, etc. to appeal to changing tastes and preferences of consumers. These value-added products have higher margins and are driving significant revenue growth.
Market Opportunities
The growing appeal of ready-to-eat seafood presents an attractive opportunity for canned tuna manufacturers. The demand for convenient snack options is increasing rapidly. Canned tuna is an ideal snack that can be consumed straight from the can without any preparation.
The vegan and plant-based food trend also offers new opportunities. Manufacturers are developing 100% plant-based canned tuna-like products using seaweed, mycoprotein, or other plant-based ingredients that emulate the taste and texture of tuna. This helps address sustainability issues and also appeal to the vegan demographic.
Impact of COVID-19 on Canned Tuna Market Growth
The COVID-19 pandemic had a huge impact on the canned tuna market globally during 2020. During the onset of the pandemic and subsequent lockdowns enforced worldwide, seafood supply chains and production were disrupted significantly. Canned tuna imports saw a decline initially due to disrupted logistics and shipping issues. However, with people spending more time at home during the lockdowns, demand for canned and packaged foods saw an increased demand. Canned tuna being a shelf-stable product saw its demand rise sharply as consumers stocked up on essential food items. Production units resumed operations with new safety protocols after initial shutdowns. The demand has remained elevated even in the post lockdown period as work from home and online deliveries have become a new norm. While supply chain challenges persist, the increased demand for convenient and affordable proteins is expected to drive the canned tuna market’s growth in the coming years.
Noth America currently contributes the largest share to global canned tuna market value wise. The region has presence of established brands and consumers’ high preference for seafood proteins drives demand. However, the Asia Pacific region registered the fastest growth rate pre-pandemic and demand escalated further during COVID times. Countries like China, Japan, Singapore consume high quantities of canned tuna and rising incomes are increasing per capita consumption. Southeast Asian countries are also emerging as major producers and low costs are attracting companies to set up production units catering to the growing regional demand.
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The false base station market involves equipment and software solutions that monitor cellular networks for rogue base stations and disruptive interference which could potentially compromise network security and data privacy. False base stations, also known as IMSI catchers, are devices that mimic legitimate cellular towers and trick mobile phones and other cellular-enabled devices into connecting to them. This allows the operator of the false base station to intercept data and location information passing between these devices and the real cellular network. The solutions provided by players in the false base station market help network operators detect and locate such rogue devices to prevent security breaches and data theft. Ongoing digitization across industries and the surge in mobile-connected IoT devices have significantly increased the volume of sensitive data transmitted over cellular networks daily, driving up the need for effective network monitoring solutions.
The Global False Base Station Market is estimated to be valued at US$ 92.55 Bn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the false base station market are RANplan Wireless Network Design Ltd, Comarch SA, Siterra Corporation (Accruent), Fulcrum, Amdocs, Atoll Solutions (Forsk), Wireless Network Infrastructure Management (WNIM) by Excelacom, C-Net, Bentley Systems, WebNMS (Zoho Corporation), Tower Cloud, RUCKUS Analytics (Commscope), GenieACS, Netadmin Systems AB, NMSaaS (Network Management Services as a Service). These players are focusing on developing advanced network monitoring solutions with real-time alerts and analytics capabilities to remotely detect false base stations.
Market Trends
There is a rising trend of network monitoring solutions adopting AI and machine learning capabilities to analyze radio networks for anomalies and predict potential security issues. This helps automate the process of rogue base station detection and mitigation. Another key trend is the integration of false base station detection systems with other network management platforms to provide a unified view of the radio access network. This centralized approach to monitoring improves efficiencies.
Market Opportunities
One of the key market opportunities is the ongoing rollout of 5G networks. As 5G opens up possibilities for new applications and more connected devices, it will significantly expand the attack surface for cyber threats. This makes network security solutions like False Base Station Market Share monitoring even more important. Another major opportunity lies in growing mobile subscriptions in developing regions where network security may not be as robust as developed markets presently. Mobile operators in these regions can leverage false base station solutions to protect their expanding networks.
Impact of COVID-19 on False Base Station Market Growth
The outbreak of COVID-19 has impacted the growth of the false base station market in various ways. During the pre-COVID era, the market was growing steadily at a CAGR of around 10% owing to increasing demand for network infrastructure and rising concerns regarding privacy and security. However, the pandemic situation poses several challenges for market players.
The imposition of lockdowns and movement restrictions across major countries disrupted the supply chain networks and logistics operations globally. This led to delays and postponements of new infrastructure deployment projects during 2020-21. It also hampered the on-field implementation, testing and maintenance activities temporarily. With travel bans and social distancing norms in place, on-site services were limited for some time.
On the demand side, the pandemic forced people to stay indoors for extended periods. This reduced the usage of mobile networks to some extent in the initial months. However, as many activities shifted to online and work/study from home became a new normal, the data traffic on networks increased dramatically over the long-run. This highlighted the need to strengthen network infrastructure and step up security surveillance using false base stations.
Looking ahead, the false base station market is expected to rebound strongly during the forecast period. Various initiatives are being taken by governments worldwide to accelerate 5G rollout plans and improve network resilience post pandemic. There is growing realization that advanced telecom networks will be critical for recovery and growth. This will fuel investments in new technologies, boosting overall market opportunities. Vendors are also taking measures to overcome supply issues and are prioritizing deliveries to meet rising demand.
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The contract cleaning services market involves professional cleaning services provided by a third party to organizations across various sectors. Contract cleaning services include general cleaning, floor cleaning, carpet cleaning, window cleaning, laundry, and linen services along with specialized cleaning services such as medical cleaning and power washing services. In 2021, growing awareness regarding the importance of cleanliness and hygiene due to the COVID-19 pandemic significantly boosted the demand for commercial and industrial cleaning services worldwide. The trend is expected to continue over the coming years as businesses recognize hygiene as a competitive differentiator to attract customers and retain employees.
The Global contract cleaning services market is estimated to be valued at US$ 402.1 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the contract cleaning services are ABM Industries Incorporated, Anago Cleaning Systems, Aramark Corporation, ChemDry, Cleaning Services Group, Inc., CleanNet USA Inc., Compass Group plc, Duraclean International Inc., Harvard Maintenance, ISS Facility Services, Inc., Jani-King International Inc., Jan-Pro Systems International, Mitie Group plc., Pritchard Industries Inc., Sodexo Group, Stanley Steemer International Inc., Steamatic Inc., Terminix International Company Limited, The Clean Space, The ServiceMaster Company, LLC, Vanguard Cleaning Systems Inc.
The demand for outsourced Contract Cleaning Services Market is rising rapidly owing to growing preference of organizations to focus on core business functions rather than non-core services like cleaning. Furthermore, measures to curb the spread of infectious diseases are stimulating demand for professional cleaning and disinfection services across healthcare, hospitality, commercial real estate, manufacturing and other sectors.
Technological innovations are enabling contract cleaning services to deliver value-added offerings with greater productivity and transparency. Smart cleaning solutions including IoT integrated devices, AI-powered supervision, digital work management platforms, and cloud-based reporting are allowing on-demand services, real-time monitoring, and data-driven insights for optimization.
Market Trends
Remote cleaning is gaining traction driven by the work-from-home trend amid the pandemic. Companies are offering services like residential cleaning, kitchen deep cleaning, and disinfection services for homes. Furthermore, growing focus on sustainability is prompting cleaners to use eco-friendly chemicals and adopt green cleaning practices to offer healthier indoor environments.
Market Opportunities
Increasing mergers and acquisitions as large players look to expand service portfolios and geographic footprints present lucrative growth opportunities. Additionally, cross-selling complementary services like housekeeping, pest control, landscaping expands total addressable markets. Companies integrating customized solutions for sectors like healthcare, education, and food & beverage can gain an edge.
Impact of COVID-19 on Contract Cleaning Services Market
The COVID-19 pandemic severely impacted the growth of the contract cleaning services market. During the initial lockdown phases in 2020, the demand for cleaning services declined sharply as commercial spaces like offices, hotels, restaurants, educational institutions, etc. were shut down. This led to cancellation or suspension of existing cleaning contracts. Many cleaning service providers faced financial difficulties and workforce reduction due to decline in business.
However, as places started reopening gradually post lockdowns, there was a renewed focus on hygiene and sanitation. Proper cleaning and disinfection of spaces became essential to curb the spread of the virus. This boosted the demand for professional and reliable cleaning services. Customers preferred trusted service providers with expertise in healthcare grade cleaning methods and dedicated COVID-19 cleaning protocols. The market is witnessing high demand for specialized disinfection services of high traffic areas as well as one time deep cleaning packages.
Going forward, stricter hygiene standards and need for health assurance are expected to drive long term growth of the contract cleaning industry. Service providers are advancing their service portfolios with technologies like electrostatic spraying and UV disinfection. Customers also demand additional safety measures and quality certifications. The market is poised to grow at a steady pace in the coming years backed by increased outsourcing of cleaning functions and evolving cleaning trends in the post pandemic ‘new normal’.
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