Market Segmentation

• Mechanism: Hydroponics, Aquaponics, and Aeroponics
• Product: Lighting Devices, Hydroponic Components, Climate Control Devices, Sensing Devices, and Others

Regional Segmentation

• North America: U.S., Canada, and Mexico
• Europe: Germany, Netherlands, France, Spain, and Italy
• U.K.
• Middle East and Africa: South Africa, U.A.E, and Saudi Arabia
• China
• Asia-Pacific: India, Japan, Thailand, South Korea, and Rest-of-Asia-Pacific
• Rest-of-the-World: Brazil

Market Growth Drivers

• Advantages over Conventional Farming
• Advancements in Light-Emitting Diode (LED) Technology
• Ensuring High Quality and High Level of Food Safety

Market Challenges

• Need of Constant Monitoring
• High Operational and Maintenance Cost
• Not Suitable for All Types of Crops

Market Opportunities

• Demand from Countries with Less Arable Land and Unfavorable Climate
• Integration of Technology with Vertical Farming

Key Companies Profiled

AeroFarms, AppHarvest, Vertical Harvest, CropOne, Plenty Unlimited Inc., AmHydro., Kalera, Heliospectra AB, Hort Americas, Signify Holding (Koninklijke Philips N.V), OSRAM GmbH., Valoya, EVERLIGHT ELECTRONICS CO., LTD., Sky Greens, SPREAD Co., Ltd.

How This Report Can Add Value

Market by Product: Analysis and Forecast: The segment gives a brief overview of the product portfolio of different companies and the market presence of different products existing in the market.

For instance, in June 2021, Fluence Bioengineering by OSRAM Gmbh launched the RAZR modular system to support diverse vertical farming and on-site propagation needs. Fluence’s newest LED solution featuring market-leading efficacies of 2.6 μmol/J under Fluence’s PhysioSpecBROAD R3 white spectrum

Market by Mechanism: Analysis and Forecast: The segment gives a brief overview of the market status of different mechanisms of the product and key players offering products in those applications. Hydroponics is expected to lead the market in terms of mechanism. Hydroponics is one of the main growing systems used in vertical farms. In a hydroponic system, plants are produced in nutrient solutions without soil. Hydroponic systems immerse plant roots into liquid solutions with different nutrients.

For instance, in January 2021, Farms2050 collaborated with AmHydro. to set up India’s first and only indigenous high-tech climate-controlled greenhouse by October 2021. AmHydro. would be providing internal technologies to the Farms 2050 for setting up the hydroponic farm.

Key Questions Answered in the Report

• What is the estimated global vertical farming market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
• What are the key trends, market drivers, and opportunities in the market pertaining to vertical farming?
• What are the major restraints inhibiting the growth of the global vertical farming market?
• What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
• What is the competitive strength of the key players in the global vertical farming market based on an analysis of their recent developments, product offerings, and regional presence?
• How is the competitive benchmarking of the key vertical farming companies in the agriculture market based on the analysis of their market coverage and market potential?
• How much revenue each of the segments is expected to record during the forecast period along with the growth percentage, based on:
o Mechanism, including hydroponics, aquaponics, and aeroponics
o Products, including lighting devices, hydroponics components, climate control devices, sensor devices, and others
o Region, including North America, the U.K., Europe, Asia-Pacific, China, the Middle East and Africa, and the Rest-of-the-World
• Which type of players and stakeholders are operating in the market ecosystem of vertical farming, and what is their significance in the global market?
• Which are the leading consortiums and associations in the global vertical farming market, and what are their roles in the market?

Global Vertical Farming Market

Vertical farming is used to produce various vegetables and fruits on vertically inclined surfaces. Unlike conventional farming of vegetables and other foods on a single level, such as in a field or a greenhouse, the vertical farming method produces foods in vertically stacked layers generally incorporated into structures such as a shipping container, repurposed warehouse, and skyscraper.

In addition to this, vertical farming is a crop production system that integrates numerous technologies such as big data analytics, robotics, the internet of things (IoT), and artificial intelligence (AI). Such technologies help the crops to grow well without any agronomic constraints. Vertical farming depends on some technologies to observe the crops constantly, to maintain temperature, humidity, lights, and air circulation in the farm.

Advanced technologies utilized in vertical farming also help in crop production, harvesting schedules, and quality control. It also helps farms to adapt and avoid new or unexpected hazards in their paths.

Global Vertical Farming Industry Overview

The global vertical farming market was valued at $5.50 billion in 2020 and is projected to reach $19.86 billion in 2026, following a CAGR of 24.3% during 2021-2026. The market growth is highly impacted by the shift of population from rural to urban areas, and the declining size of arable land, among others. Apart from this, the market is also driven by factors such as its advantages over conventional farming, advancements in light-emitting diode (LED) technology, and high quality and high level of food safety assurance.

Market Segmentation

Global Vertical Farming Market by Mechanism

Vertical farming can be done by various mechanisms, such as hydroponics, aquaponics, and aeroponics. Hydroponics helps plants grow in water, aeroponics helps grow plants suspended in air, and aquaponics is an exceptional combination of hydroponics and fish farming in an integrated system. It requires both water and fish to grow the plants.

The hydroponics segment is the largest in the global vertical farming market. Hydroponic farms optimize plant growth, offer local fresh produce, and minimize the use of water, space, transport, and pesticides. Also, hydroponics can be used in a greenhouse using natural light, and most commonly by using LED lights to save space. Owing to such a wide range of advantages offered by hydroponics, its demand is increasing across the globe.

Global Vertical Farming Market by Product

There is a wide range of products (components) used in vertical farming including, lighting devices, hydroponic components, climate control devices, sensing devices, and others. The demand for lighting devices is likely to witness positive growth in developed and developing countries. This growth is mainly due to the advantages of lighting devices such as propagating young plants, cultivating healthier crops, and pesticide-free crops. Also, the production of crops can be increased by using vertical farming lighting to light multiple layers of crops, attaining a higher yield with a smaller footprint.

Global Vertical Farming Market by Region

North America region is expected to dominate the global vertical farming market during the forecast period. The high agricultural growth in these regions, along with the increased emphasis on smart farming and digitization in agriculture, is expected to boost the development of vertical farming in these regions.

The U.S. is a major player in the North America vertical farming market. The U.S. is dominated by the key players of vertical farming, including AeroFarms, Plenty Unlimited Inc., Bowery Farming, Gotham Greens, among others. The country witnessed the production of a wide range of green vegetables, such as kale, arugula, lettuce, and pak choi. In 2019, there were more than 2,000 vertical farms in the U.S., out of which 60% of the market was driven by small to medium scale companies.

Key Market Players and Competition Synopsis

AeroFarms, AppHarvest, Vertical Harvest, CropOne, Plenty Unlimited Inc., AmHydro., Kalera, Heliospectra AB, Hort Americas, Signify Holding (Koninklijke Philips N.V), OSRAM GmbH., Valoya, EVERLIGHT ELECTRONICS CO., LTD., Sky Greens, SPREAD Co., Ltd.

The companies that are profiled in the report have been selected based on a selective pool of players, primarily Tier-1 (which holds 50%-60% of the market), mid-segment players (comprise of 30-40% share), and small and emerging companies (holds the balance 10-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research and development initiatives, along with a domestic and international presence in the global vertical farming market.

Global Farm Equipment Rental Market Analysis

The post Global Vertical Farming Market – A Global and Regional Analysis: Focus on Mechanism, Product and Country-Wise Analysis – Analysis and Forecast, 2020-2026 first appeared on CRI Report.

Market Segmentation

• End User: Design Engineers, Electrical Engineers, Manufacturing Engineers, Sourcing Users, Quoting Users
• Organization Size: Micro (<$10M), Very Small ($10-$100M), Small ($100M-$500M), Medium ($500M-$1B), Large ($1B-$5B), Very Large ($5B-$25B), Global (>$25B)
• Industry Vertical: Aerospace and Defense, Transportation, Industrial Equipment, High-Tech, Medical Equipment, Consumer Durables, Others
• Deployment: On-Premise, Cloud
• Component: Software, Services
• Technology: Product Engineering, Research and Development (R&D), Gamification

Regional Segmentation

• North America
• Europe
• Asia-Pacific and Japan
• China
• U.K.
• South America
• Middle East and Africa

Geographical Segmentation

• U.S.
• Canada
• Central America
• South America
• Austria
• Germany
• France
• Nordics
• Sweden
• Netherlands
• Italy
• Spain
• Portugal
• Rest-of-Western Europe
• Rest-of-Eastern Europe
• Africa
• India
• Japan
• South Korea
• Malaysia
• Australia/New Zealand
• Rest-of-APAC

Market Growth Drivers

• Reduction in Research, Development, Production, and Training Costs
• Need for Virtual Testing of Autonomous Vehicles
• Increasing Government Initiatives Toward Connected and Autonomous Infrastructure
• Introduction of Cloud-Based Solutions

Market Challenges

• Rise in Cyber Threat Due to Increase of Data
• Complexity in Integration of New Software Solution with the Existing System

Market Opportunities

• Use of Simulation in Fourth Industrial Revolution
• Increasing Demand for Electric Vehicles (EVs) Globally

Key Companies Profiled

ANSYS, Inc., SAP SE, Altair Engineering, Inc., Applied Intuition, Inc., Autodesk Inc., AVL List GmbH, Cognata, Dassault Systèmes, dSPACE GmbH, Foretellix, VIRES Simulationstechnologie GmbH, NVIDIA Corporation, rFpro, The MathWorks, Inc., LG Electronics

How This Report Can Add Value

Product/Innovation Strategy: The product segment helps the readers in understanding the different types of components and technologies used in manufacturing sectors across the globe. Also, the study provides the readers with a detailed understanding of the simulation software market by application and product.

Growth/Marketing Strategy: To improve the capabilities of their solution offerings, players in the global simulation software market are developing appropriate solutions as per the industry’s vertical needs and demands. The readers will be able to comprehend the revenue-generating tactics used by players in the global simulation software market by looking at the growth/marketing strategies. Other market participants’ tactics, such as go-to-market plans, cloud infrastructures, will also assist readers in making strategic judgments.

Key Questions Answered in the Report

• What are the underlying structures resulting in the emerging trends within the global simulation software market?
• What are the driving factors for the global simulation software market from 2019 to 2025?
• Which factors are impeding the growth of the global simulation software market?
• What is the current and future adoption of simulation software in different regions?
• What are the growth opportunities and critical success factors for participants to compete in the global simulation software market?
• Who are the major players, and what strategic measures are being taken to increase their presence and market share?
• Which application is expected to lead the global simulation software market by 2025?
• Which region is expected to lead the global simulation software market by 2025?
• How is the industry expected to evolve during the forecast period 2021-2025?
• What are the key developmental strategies which are implemented by the key players to sustain in the competitive market?
• What has been the impact of COVID-19 on the global simulation software market?

Global Simulation Software Market

Simulation is the process of creating a model, which is an abstract representation of a proposed or existing system, to understand and identify various factors that control the system or predict the systems’ behaviors under different circumstances. Simulation software is increasingly being used to model system operations, processes, and product design, enabling different user types to study relationships between processes and systems.

Global Simulation Software Industry Overview

The global simulation software market generated revenue of $9,601.8 million in 2020 and is expected to reach $20,276.7 million by 2025 at a CAGR of 15.3%. Increasing demand for effective solutions to reduce production and training costs and increasing capabilities of simulation software toward advanced technologies such as AR/VR, digital twins, and 3D printing are fueling the growth of the simulation software market.

Market Segmentation

Global Simulation Software Market by End User

The design engineer category held the major share in the global simulation software market in 2020. Design engineers are responsible for defining the product to meet target requirements, including performance and cost of products. They use simulation software design-to-cost/design-for-manufacturing (DTC/DFM) insights to achieve target product cost and ease of manufacture. High usage of these software in designing products is a major factor resulting in the domination of this category in the market.

Global Simulation Software Market ( by End User), $ Million, 2019 – 2025

Global Simulation Software Market by Organization Size

A large organization with revenue in the range of $1-$5 billion is the dominant category in the market. A large number of companies in this category, coupled with high research and development (R&D) investment and high information technology (IT) budget, is the major factor driving the growth of this category. However, micro and very small companies are expected to be the fastest-growing category during the forecast period, growing at a CAGR of 17.1% and 16.5%, respectively.

Global Simulation Software Market by Industry Vertical

Industrial equipment is the most dominant vertical for the adoption of simulation software, holding a 35.4% share in 2020. Many companies in the industrial equipment sector, high cost of goods sold (COGS), high IT budget, and high expenses in R&D activities are the major factors for the domination of this category in the market.

Global Simulation Software Market by Deployment

On-premise deployment of simulation software is the most dominant vertical for the adoption of simulation software, holding a 35.4% share in 2020. However, several large enterprises have moved or shown intent to move toward a cloud-based infrastructure that involves supply chain collaboration. The current situation represents the accessibility of software being limited to senior designations and not to every employee that works in a relevant department. The ease and low cost of such a system is the major reason for the growth of this category in the market.

Global Simulation Software Market by Component

Simulation software is an important component of a computer-aided design (CAD) process. It helps product designers to optimize, evaluate, and compare product designs and prototypes by modeling events in a real-world simulated environment. This software creates a model governed by mathematical data and equations and place it in a pre-defined system. The original equipment manufacturers (OEMs) and vendors integrate simulation software with digital additive manufacturing and networking, digital twin, and communication, boosting their demand.

Global Simulation Software Market by Region

North America is the largest market of simulation software globally. A large number of companies in manufacturing and industrial sector coupled with high R&D budget, high adoption of technologies in design and development of products, significant government investment in public sectors, increasing adoption of simulation in healthcare and pharmaceutical industry is the major factor for the growth of simulation software in the region.

The U.S. is the largest market in the region, holding a significant revenue contribution in 2020. Government regulations, technological advancements, extensive investments for dedicated R&D facilities, and the presence of major companies are some of the major drivers propelling the growth of the market in the region.

Key Market Players and Competition Synopsis

ANSYS, Inc., SAP SE, Altair Engineering, Inc., Applied Intuition, Inc., Autodesk Inc., AVL List GmbH, Cognata, Dassault Systèmes, dSPACE GmbH, Foretellix, VIRES Simulationstechnologie GmbH, NVIDIA Corporation, rFpro, The MathWorks, Inc., LG Electronics

The companies profiled in the report have been selected post-in-depth interviews with experts and understanding details of companies such as their product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the global simulation software market.

Simulation Software Market – A Global and Regional Analysis: Focus on Organization Size, Vertical, Deployment, Component, Technology, End User, Supply Chain Analysis, Country Analysis, and Impact of COVID-19 &#8211; Analysis and Forecast, 2019-2025

The post Simulation Software Market – A Global and Regional Analysis: Focus on Organization Size, Vertical, Deployment, Component, Technology, End User, Supply Chain Analysis, Country Analysis, and Impact of COVID-19 – Analysis and Forecast, 2019-2025 first appeared on CRI Report.

Market Segmentation

• End User: Government and Border Management Bodies, Defense Bodies, Banking and Financial Institutes, Commercial Organizations, Healthcare Institutes and Others
• Function: Contact and Contactless
• Product Type: Fingerprint, Face Recognition, Eye and Iris Scanner, Palm and Vein Reader, Voice Recognition, and Others
• Deployment Model: On-Facility, Mobile and Tablets, Personal Computers, and Wearables

Regional Segmentation

• North America: U.S. and Canada
• Europe: France, Germany, Russia, U.K., and Rest-of-Europe
• Asia-Pacific: China, Japan, India, Australia, and Rest-of-Asia-Pacific
• Rest-of-the-World: Africa, Latin America, Middle East

Market Growth Drivers

• Data Breach and Cybersecurity Threats – Creating Demand for Secure Biometric Solution
• Technology Advancement Toward Usage of Next-Gen Biometric Solutions (AI-Driven and Multi-Biometric Solutions)

Market Challenges

• Lack of Standardized Regulatory Framework Specific to Biometric Data Protection
• Cost Concerns for End Users to Launch Biometric Solutions as Direct Paid Service

Market Opportunities

• Move Toward Deployment of Digital and Contactless Identities Over Physical/Plastic Identity Credentials

Key Companies Profiled

ASSA ABLOY, Fingerprint Cards AB, Fujitsu Limited, IDEMIA, NEC Corporation, Precise Biometrics AB, Secunt Security Networks AG, Siemens, Thales Group

How This Report Can Add Value

Product/Innovation Strategy: The product segment helps the readers in understanding the different types of biometric authentication and identification platforms and their market potential globally. Moreover, the study provides the readers a detailed understanding of the end-user, function, product type, and deployment model on which they are integrated. Additionally, the cross segmentation of end-user by product type and deployment model is also provided.

Growth/Marketing Strategy: Players operating in the global biometric authentication and identification market are developing innovative products to enhance the capabilities of their product offerings. Growth/marketing strategies will help the readers understand the revenue-generating strategies adopted by the players operating in the global biometric authentication and identification market. For instance, in December 2020, Siemens AG announced its plans to integrate BioSec technology in its time and access platform. The integration will allow the company to scan approximately 5 million reference points under a second and support contactless scanning, hence improving their operational speed and accuracy. Moreover, other strategies adopted by the market players will help the readers make strategic decisions, such as go-to-market strategies.

Key Questions Answered in the Report

• What are the upcoming trends in the global biometric authentication and identification market across different regions?
• What are the major driving forces expected to increase the demand for biometric authentication and identification during the forecast period 2021-2026?
• What are the major challenges inhibiting the growth of the global biometric authentication and identification market?
• What was the revenue generated in the global biometric authentication and identification market by various segments in 2020, and what are the estimates by 2026?
• Which end user of the global biometric authentication and identification market is expected to dominate the market in the coming years?
• What is the estimated revenue to be generated by the global biometric authentication and identification market across different regions (North America, Europe, Asia-Pacific, and Rest-of-the-World) during the forecast period?
• Who are the key players in the global biometric authentication and identification market, and what are the new strategies that they are adopting to make a mark in the industry?
• What is the competitive strength of the key leading players in the global biometric authentication and identification market?

Global Biometric Authentication and Identification Market

The global biometric authentication and identification market will remain at the peak of its maturity over coming years and continue to proliferate through the new scope of applications, but the segments like fingerprint and facial recognition will witness a notable shift in consumer behavior due to COVID-19. Integration of several technologies like artificial intelligence (AI) and cloud computing within the biometric authentication system has notably increased the business opportunities of the market.

The latest trend is biometric authentication, and the identification market is offering authentication as a service instead of a turnkey solution. Companies are exploring possibilities of cloud computing and cloud storage to reduce the overall operation cost while offering consumers with desired security measures. Reduced reliability on hardware and increasing maturity, operational capability, and accuracy of software will define the growth areas of the market.

Global Biometric Authentication and Identification Market Business Dynamics

Global Biometric Authentication and Identification Industry Overview

The rise in the data breach, malware attacks, and other cybercrimes faced by several countries like the U.S., Canada, Russia, France, Germany, U.K., India, China, Japan, and Australia, among others, has forced government bodies and other organizations to increase their level of security and authentication system, generating notable demand for global biometric authentication and identification market. This biometric authentication system is one of the most secure and reliable access management solutions that is adopted by nations across the globe. Several developed and developing economies have already established a mass identification program to identify their citizens and optimize their legal operations.

Increasing integration and usage of biometric authentication and identification ensure that safety and security are being elevated to a certain level but using it in public places has created a resistance stating the reason for breaching an individual’s privacy without their consent. No regulatory body or landscape is adhering to such problems, which is one of the biggest challenges of the market.

The global biometric authentication and identification market is estimated to reach $8,798.9 million in 2026, at a compound annual growth rate (CAGR) of 16.30% during the forecast period 2021-2026.

Market Segmentation

Global Biometric Authentication and Identification Market by End User

The government bodies within the end user of global biometric authentication and identification market will capture the highest market share over coming years. The growth can be attributed to the mass identification initiatives taken by government bodies across the globe. Integration of biometric authentication in several government operations like public commutation and education has also spurred opportunities within the segment.

Global Biometric Authentication and Identification Market by Function

The contactless segment within the deployment model of the global biometric authentication and identification market will witness the highest growth rate over the coming years. The major driving factor within the contactless segment is the shift in consumer behavior post the COVID-19 pandemic. With increasing concerns toward social distancing and emphasis on avoiding public surfaces, the consumer is inclining toward contactless authentication systems like face recognition and iris recognition.

Global Biometric Authentication and Identification Market by Product Type

The fingerprint segment within the product type of global biometric authentication and identification market will capture the highest share, whereas face recognition will witness the highest growth rate over the coming years. Attributes like the ease of integration, economical application cost, and user-friendly ecosystem are the primary factors supporting acceptance of fingerprint authentication systems. The integration of fingerprint authentication systems post-pandemic was so aggressive that it will cater to the higher market share even in several coming years.

Global Biometric Authentication and Identification Market by Deployment Method

The on-facility segment within the deployment of the model of biometric authentication and identification system will cater to the highest market share in terms of value. The varied scope of application like integration in enterprise, government facilities, on nation’s borders, and airport among others for access control has allowed the segment to claim the highest market share.

Global Biometric Authentication and Identification Market by Region

North America is expected to account for the highest share of the global biometric authentication and identification market. This is due to a significant number of companies based in the region, and increased spending by government organizations toward procurement and implementation of biometric authentication and identification system.

Key Market Players and Competition Synopsis

ASSA ABLOY, Fingerprint Cards AB, Fujitsu, IDEMIA, NEC Corporation, Precise Biometrics, Secunet Security Networks, Siemens AG, Thales Group

The companies that are profiled in the report have been selected post undergoing in-depth interviews with experts and understanding details around companies such as product portfolio, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the biometric authentication and identification industry.

Identity Verification Market: Market Segments: By Component (Solution and Services); By Type (Biometrics and Non- Biometrics); By Organization Size (Large Enterprises, and Small and Medium-sized Enterprises (SMEs)); By Deployment Model (On-premises and Cloud); By Vertical (BFSI, Retail and eCommerce, Government and defense, IT &#038; ITeS, Healthcare, Energy and Utilities and Others); and Region – Analysis of Market Size, Share &#038; Trends for 2014 – 2019 and Forecasts to 2030

The post Biometric Authentication and Identification Market – A Global and Regional Analysis: Focus on End User, Function, Product Type, Deployment Model and Country – Analysis and Forecast, 2021-2026 first appeared on CRI Report.

Market Segmentation

• Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, and Online
• Product: Coffee, Tea, Soft Drinks, and Others

Regional Segmentation

• North America: U.S., Canada, and Mexico
• Europe: Germany, Italy, France, and Rest-of-Europe
• U.K.
• Middle East and Africa: South Africa, and Rest-of-Middle East and Africa
• China
• Asia-Pacific: India, Japan, Australia, South Korea, and Rest-of-Asia-Pacific
• South America: Brazil, and Rest-of-South America

Market Growth Drivers

• Enhancement in the Taste and Texture of Beverages
• Growing Preference for R-T-D Beverages Amongst Millennials
• Increasing Disposable Income in Emerging Economies

Market Challenges

• Growing Health Awareness Among Consumers
• High Price Points of Nitro-Infused Beverages

Market Opportunities

• Expansion in Developing Countries
• Marketing and Correct Positioning to Increase Customer Base
• Increasing Demand for Mix of Flavor, Hydration, and Energy

Key Companies Profiled

Alfred, Bona Fide Nitro Coffee and Tea, Califia Farms, Caveman Coffee Co., Dunkin’, East Forged, H&H Products Company, King’s Row Coffee, La Colombe Coffee Roasters, McDonald’s Corporation, Nitro Beverage Co., PepsiCo, RISE Brewing Co., Starbucks, The Coffee Bean & Tea Leaf

How This Report Can Add Value

Product/Innovation Strategy: The product segment helps the reader in understanding the different types of nitro-infused beverages market potential globally. Moreover, the research study provides the reader with a comprehensive understanding of different product types (coffee, tea, soft drinks, and others). Additionally, comprehensive coverage on different distribution channels (supermarkets/hypermarkets, convenience stores, specialty stores, online) required for a successful distribution set-up for nitro-infused beverages has also been added in the study.

Growth/Marketing Strategy: The nitro-infused beverages manufacturers have opted for new product development and partnership strategy as a way of establishing dominance in the nitro-infused beverages market. Marketing strategies will aid the reader in gaining an understanding of the revenue-generating strategies implemented by the players operating in the global nitro-infused beverages market. For instance, in January 2021, La Colombe Coffee Roasters partnered with Whole Foods to offer its products at two locations, Pearl Street Whole Foods in Boulder and Union Station Whole Foods in Denver. With this partnership, La Colombe Coffee Roasters aims at increasing its shelf presence.

Key Questions Answered in the Report:

• What is the estimated global nitro-infused beverages market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
• What are the key trends, market drivers, and opportunities in the market pertaining to nitro-infused beverages?
• What are the major restraints inhibiting the growth of the global nitro-infused beverages market?
• What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
• What is the competitive strength of the key players in the global nitro-infused beverages market based on an analysis of their recent developments, product offerings, and regional presence?
• What is the competitive benchmarking of the key nitro-infused beverages companies based on the analysis of their market coverage and market potential?
• How much revenue is each segment expected to generate during the forecast period, along with the growth percentage? The segments are as follows:
o Product (Coffee, Tea, Soft Drinks, and Others).
o Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online)
o Region (North America, U.K., Europe, Asia-Pacific, China, Middle East and Africa, and South America)
• What are the types of players and stakeholders operating in the market ecosystem of nitro-infused beverages, and what is their significance in the global market?

Global Nitro-Infused Beverages Market

Nitro-infused beverages were first introduced in the market in the early 2010s. The market is still in the nascent stage, and there is a huge potential for growth in the coming years. The appeal of nitro nitro-infused drinks is three-fold as they have a textural appeal, a taste appeal, and a visual appeal. With increasing research and development activities, there are other beverages that are being experimented with nitro-infusion, such as cocktails and smoothies.

Global Nitro-Infused Beverages Industry Overview

The global nitro-infused beverages market is expected to reach $48.50 million by 2026, with a CAGR of 21.66% during the forecast period 2021-2026. High growth in the market is expected to be driven by the fact that infusion of nitrogen greatly improves the taste and texture of the beverage. Moreover, with the increase in disposable income, there is expected to be a further surge in demand for nitro-infused beverages. Consumption of nitro-infused beverages also helps reduce sugar intake, and it does not require any additional sugar. Infusion of nitrogen adds a tinge of sweetness to the drink, thereby reducing the requirement for additional sugar. A major factor driving the nitro-infused beverages market is the change in consumer preference and the growing demand for newer products in the market. Consumers are willing to spend the extra dime for the premium taste and mouthfeel of the product.

Impact of COVID-19 on Global Nitro-Infused Beverages Market

The supply chain of the majority of the industries across the globe got impacted due to the COVID-19 pandemic, including the nitro-infused beverages market. Economic slowdown, job losses, and a lot of uncertainties related to the next paycheck did affect the sales of nitro-infused beverages. However, the sales of nitro-infused beverages remained stable owing to a surge in online sales. E-commerce played a major role in ensuring the delivery of products to consumers’ doorstep. Moreover, supermarkets/hypermarkets, specialty stores, and convenience stores started offering their products online, ensuring that consumers don’t run out of their day-to-day products.

Market Segmentation

Global Nitro-Infused Beverages Market by Distribution Channel

The global nitro-infused beverages market is dominated by supermarkets/hypermarkets. Supermarkets/hypermarkets carry different products by various brands, all under one roof, making it convenient for the consumers to shop for their daily needs. Existing, as well as newer brands, are looking to increase their shelf presence in the supermarkets/hypermarkets as they garner more footfalls in comparison to specialty and convenience stores.

Global Nitro-Infused Beverages Market by Product

The global nitro-infused beverages market based on product type is dominated by coffee. This dominance is due to the growing consumer preference for coffee over any other beverage. Nitro-infused coffee is usually made from cold brew coffee which is then infused with nitrogen gas. One of the key benefits of nitro-infused coffee is that it contains more than 30% caffeine in comparison to regular drip coffee.

Global Nitro-Infused Beverages Market by Region

North America generated the highest revenue of $10.2 million in 2020 in the market, which is attributed to the technological advancements in the region. The nitro-infused beverages market is expected to grow in the North America region due to the presence of multiple nitro-infused beverages marketers in the region. Marketers are continuously innovating and introducing newer products in the market in order to cater to their regular customers and add newer consumers to their database. The region is expected to witness a high growth rate of 23.81% during the forecast period.

Key Market Players and Competition Synopsis

Alfred, Bona Fide Nitro Coffee and Tea, Califia Farms, Caveman Coffee Co., Dunkin’, East Forged, H&H Products Company, King’s Row Coffee, La Colombe Coffee Roasters, McDonald’s Corporation, Nitro Beverage Co., PepsiCo, RISE Brewing Co., Starbucks, The Coffee Bean & Tea Leaf

The companies that are profiled in the report have been selected based on the selective pool of players, primarily Tier-1 (which hold 50%-60% of the market), mid-segment players (comprising 30%-40% share), and small and emerging companies (hold the balance 10%-20% share), based on various factors such as product portfolio, annual revenues, market penetration, research, and development initiatives, along with a domestic and international presence in the nitro-infused beverages market.

Global Non-Alcoholic RTD Beverages Market-Forecast till 2027

The post Nitro-Infused Beverages Market – A Global and Regional Analysis: Focus on Product, Distribution Channel, and Country Analysis – Analysis and Forecast, 2020-2026 first appeared on CRI Report.

Market Segmentation

• Product – Kits, Consumables, Services, Others
• Sample Type – Tumor Tissue, Bone Marrow, Blood, Saliva, Others
• Application – Oncology Genetic Testing, Cardiology Genetic Testing, Neurology Genetic Testing, Newborn Screening, Prenatal Screening and Preimplantation Testing, Rare Disease Testing, Direct-to-Consumer (DTC) Testing

Regional Segmentation

• EU5: Germany, U.K., France, Italy, Spain
• Nordic Region: Finland, Sweden, Denmark, Norway
• Baltic Region: Estonia, Lithuania, Latvia

Market Growth Drivers

• Increasing Awareness Toward Hereditary Genetic Testing
• Rising Prevalence of Genetic Disorders
• Increasing Research Funding in the Field of Genomics

Market Challenges

• High Cost of Genetic Testing
• Stringent Regulatory Standards

Market Opportunities

• Technological Advancements in the Hereditary Genetic Testing Process
• Growing Demand for Direct-to-Consumer (DTC) Testing Service

Key Companies Profiled

Agilent Technologies, Inc., Woble Helsinki Oy, Negen Oy, Devyser, CeGat GmbH, Beijing Genomics Institute (BGI), BerGenBio ASA, Eurofins Scientific SE, F. Hoffmann-La Roche Ltd, Illumina, Inc., Myriad Genetics, Inc., Alnylam Pharmaceuticals, Inc., Quest Diagnostics Incorporated, Thermo Fisher Scientific Inc.

Key Questions Answered in this Report:

• What is the current trend in the Europe hereditary genetic testing market?
• Based on products, which segment is anticipated to witness a massive rise in demand during the forecast period 2021-2031?
• Based on sample type, which segment is anticipated to witness a massive rise in demand during the forecast period 2021-2031?
• Based on types of testing, which segment is anticipated to witness a massive rise in demand during the forecast period 2021-2031?
• Based on countries, which country is anticipated to witness a massive rise in demand during the forecast period 2021-2031?
• What are the major drivers, challenges, and opportunities in the Europe hereditary genetic testing market?
• What are the key developmental strategies implemented by the key players to stand out in this market?
• Which leading companies are dominating the Europe hereditary genetic testing market, and what is the share of these companies in the Europe hereditary genetic testing market?
• What are the regulations pertaining to the Europe hereditary genetic testing market, and what initiatives have been implemented by different government bodies regulating the development and commercialization of Europe hereditary genetic testing?
• How is each segment of the Europe hereditary genetic testing market expected to grow during the forecast period, and what will be the revenue generated by each of the segments by the end of 2031?
• How is the market for Europe hereditary genetic testing expected to evolve during the forecast period 2021-2031?
• What is the market scenario for the Europe hereditary genetic testing market in different countries?
• What are the key trends of different regions in the Europe hereditary genetic testing market? Which country is expected to contribute to the highest sales in the Europe hereditary genetic testing market during the forecast period 2021-2031?

Europe Hereditary Genetic Testing Market Overview

Genetic testing is a type of DNA testing used to determine changes in chromosome structure or DNA sequence. Genetic testing can also include measuring the outcomes of genetic modifications, such as mutation, RNA analysis as an output of gene expression, or biochemical analysis to measure specific protein output. For cancer risk, genetic testing includes testing for inherited genetic variants that can be associated with a high to moderately increased risk of cancer in the patient and are responsible for inherited cancer susceptibility syndromes.

Hereditary genetic testing classifies changes in chromosomes, genes, and proteins. The outcome of hereditary genetic testing authorizes a suspected genetic condition that further helps to determine a person’s chance of passing or developing a genetic disorder. To date, more than 1,000 hereditary genetic tests have been used, and many others are being developed for testing.

Europe is one of the powerhouses for genomic science and research. Genetic testing data sharing is becoming an integral part as scientists join forces across borders for enabling genetic testing for the benefit of mankind. Genetic testing can be performed for various purposes, which may or may not fall in medical science. Thus, regulatory needs depend on the context of the test being performed and for which purpose. It can be either to detect monogenic diseases, medical-nonmedical purposes, predispositions or carrier tests, diagnostic and treatment purposes, predictive tests for late-onset diseases, drug response, family planning, forensics, population screening, and DNA profiling or research.

With several companies eagerly competing to establish dominance in the Europe hereditary genetic testing market, several emerging companies have undertaken significant activities to establish their position in the market. Although these companies are currently far behind the market leaders, some of them have made significant strides to grow into major players, owing to initiatives undertaken to expand their respective product portfolios and regional footprints.

Our healthcare experts have found hereditary genetic testing to be one of the most rapidly evolving markets. The market for Europe hereditary genetic testing is predicted to grow at a CAGR of 13.34% during the forecast period 2021-2031. As per CRI research, hereditary genetic testing comprises the ecosystem of multiple services offered, products used, and the target population.

The optimistic scenario of the market can be witnessed if the COVID-19 recovery is swift across key countries in Europe. The scenario assumes an increasing demand for technology, products, services, and growth in the end-user base across regions. Furthermore, the scenario also assumes more product and service launches for genetic testing, especially in the Nordic and Baltic regions. Additionally, the companies in the market are investing more in rare disease and reproductive genetics, which is one of the bolstering factors for optimistic growth.

The following report presents the reader with an opportunity to unlock comprehensive insights with respect to the Europe hereditary genetic testing market and helps in forming well-informed strategic decisions. The market research study also offers a wide perspective of the different types of hereditary genetic testing products and services available in the market and their impact on the diagnostic and genomics industry by providing critical insights into the direction of its future expansion.

The Europe hereditary genetic testing market has been growing since its inception. Several European countries, including Germany, France, the U.K., Italy, Spain, Denmark, Finland, Sweden, Norway, Estonia, Lithuania, and Latvia, are working persistently to enhance the adoption of precision medicine solutions, including hereditary genetic testing market, across Europe region. Acknowledging the unique role of hereditary genetic testing is a significant step toward the establishment of a suitable and effective regulatory approval procedure, coupled with an effective pricing strategy and reimbursement policy. However, country-specific technology evaluation and reimbursement policies in Europe may result in different coverage for many genetic testing technologies across Europe. For instance, in France, Germany, Italy, and the U.K., HER2 testing is publicly funded. However, in Spain, the majority of NGS testing is funded by hereditary-based test manufactures. Therefore, companies are trying to work closely with the payers and other decision-makers to increase the adoption on a country-by-country, and in few cases, hospital-by-hospital basis, which generally limits accessibility and results in a poor adoption rate.

Germany accounted for the maximum share of the market within the Europe region in 2020. The country has one of the biggest pharmaceutical markets in Europe. Further, it is among the largest exporter of medicinal products and ranks among the top pharmaceutical producers globally. The growth in this region can be primarily attributed to the rising pharmaceutical R&D expenditure, increasing geriatric population coupled with growing disease prevalence, and the rising focus to eradicate rare diseases across the region. However, the region also faces high competition from the Asian economies that offer cheap manufacturing materials and low cost of labor.

Within the research report, the market is segmented based on products, sample type, applications, and region. Each of these segments has been further categorized into sub-segments to compile an in-depth study. Each of these segments covers the snapshot of the market over the projected years, the inclination of the market revenue, underlying patterns, and trends by using analytics on the primary and secondary data obtained.

Competitive Landscape

The Europe hereditary genetic testing market is largely dominated by companies such as Woble Helsinki Oy, Negen Oy, Devyser, CeGaT GmbH, Beijing Genomics Institute (BGI), BerGenBio ASA, Eurofins Scientific SE, F. Hoffmann-La Roche Ltd, Illumina, Inc., Laboratory Corporation of America Holdings, Myriad Genetics, Inc., Alnylam Pharmaceuticals, Inc., Quest Diagnostics Incorporated, and Thermo Fisher Scientific Inc.

Companies such as LabCorp, Illumina, Myriad, and Quest Diagnostics are the leading suppliers of genetic testing products and services in the Europe market. When compared to the other European countries, the Nordic and Baltic region is mainly dominated by Bluprint Genetics (Quest Diagnostics) and Eurofins. In addition, regional players such as Devyser, CeGat GmbH, and Negen Oy offer products in the markets.

Among the Nordic and Baltic regions, the Nordic region contributes more to the Europe hereditary genetic testing market. The country which performs the largest number of genetic tests in the Nordic region is Finland. A lot of investment in research for characterization of the population for rare diseases has been made in Finland by Blueprint Genetics.

Global Direct-to-Consumer Genetic Testing Market: Focus on Direct-to-Consumer Genetic Testing Market by Product Type, Distribution Channel, 15 Countries Mapping, and Competitive Landscape &#8211; Analysis and Forecast, 2021-2031

The post Europe Hereditary Genetic Testing Market – A Regional Analysis: Focus on Products, Sample Type, Applications, and Nordic and Baltic Region, Country Data (12 Countries), and Competitive Landscape – Analysis and Forecast, 2020-2031 first appeared on CRI Report.

Market Segmentation

• Service – Imaging Acquisition and Protocol Development, Application Design, Image Collection and Quality Control, Digital Image Conversion, Support and Maintenance
• Modality – Computed Tomography (CT) Scan, Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET), Other Modalities
• Application – Oncology Imaging CRO, Ophthalmology Imaging CRO, Neurology Imaging CRO, Cardiology Imaging CRO, Other Applications
• Phase – Phase I, Phase II, Phase III
• End User – Pharmaceutical Companies, Biotechnology Companies, Medical Device Manufacturers, Contract Research Organizations, Academic and Government Research Institutes, Other End Users

Regional Segmentation

• North America – U.S. and Canada
• Europe – U.K., Germany, France, Italy, Spain, and Rest-of-Europe
• Asia-Pacific – China, Japan, India, Australia, and Rest-of-Asia-Pacific
• Rest-of-the-World

Market Growth Drivers

• Continued Growth in R&D Spending
• Increase in the Annual Number of Clinical Trials with Medical Imaging

Market Challenges

• High Installation Cost of Medical Imaging Systems
• Supply Chain and Logistical Challenges

Market Opportunities

• Increasing Outsourcing Trend Among Pharmaceutical Companies
• Automation in Imaging CRO Process

Key Companies Profiled

Worldcare Clinical, LLC, LabCorp Drug Development (Laboratory Corporation of America Holdings), IXICO PLC, ICON plc, The Micron Group, Medpace Holdings, Inc., Radiant Sage LLC, Biomedical Systems Corporation (ERT), Bioclinica, Imaging Endpoints LLC, Parexel International Corporation, Wuxi AppTec, Syneos Health, Inc.

Key Questions Answered in this Report:

• What is the major factor driving the growth of the global imaging CRO market?
• What are the different types of services offered in the global imaging CRO market?
• What are the key development strategies implemented by the key players to stand out in this global imaging CRO market?
• What are the key modalities used by the key companies within the global imaging CRO market?
• What are the various applications of imaging CRO in different industries?
• In which phase of the clinical trials, does the imaging CRO services are being utilized the most?
• How have the strategic collaborations among the key players provided a large service sector within the global imaging CRO market?
• Which are the leading companies that are dominating the global imaging CRO market?
• Based on the end-user type, which industry in the global imaging CRO market is anticipated to witness a massive rise in demand during the forecast period?
• Which region dominates the global market of imaging CROs?
• Who are the key players operating in the imaging CRO market in each region?
• How is each segment of the global Imaging CRO market expected to grow during the forecast period, and what revenue is expected to be generated by each of these segments by the end of 2031?

Market Overview

The biopharmaceutical market and its manufacturing capabilities have undergone a profound transformation during the period 2010-2020. The open global market and regulatory reforms within the industry have led to a better outscoring probability. The CROs, imaging CROs, and contract development and manufacturing organizations (CDMOs) are adding quality, cost-effectiveness, and manufacturing capacity to the existing pharmaceutical, biotechnology, and medical devices companies. Moreover, the big pharmaceutical firms are building their manufacturing and buying capacity from the smaller firms to improve their production.

The growing number of clinical trials, growing pharmaceutical pipeline, increasing awareness toward process automation, growing demand for high precision in drug manufacturing, and an increasing dependency of pharmaceuticals and biotechnology companies on the CROs for conducting imaging trials are the main factors driving the growth of the global imaging CRO market.

With the increasing dependency of the pharmaceutical and biotechnology firms on the imaging CROs for outsourcing the medical imaging step of a clinical trials study, the overall market of imaging CROs is expected to grow at a high rate. According to an article published by Keosys Medical Imaging in 2018, the total number of clinical trials conducted each year has nearly doubled in 2020 compared to 2010. However, the growth in the number of clinical trials with medical imaging involved has increased five times, i.e., by around 500%.

With several companies eagerly competing to establish dominance in the global imaging CRO market, several emerging companies have undertaken significant activities to establish their position in the market. Although these companies are currently far behind the market leaders, some of them have made significant strides to grow into major players, owing to initiatives undertaken to expand their respective product portfolio and geographical reach.

CRI healthcare experts have found imaging CRO to be one of the most rapidly evolving markets. The global market for imaging CRO is predicted to grow at a CAGR of 7.25% during the forecast period 2021-2031. As per CRI research, the imaging CRO comprises the ecosystem of multiple services offered, modalities used, and the target customers who can take strategic decisions with the given insights.

The following report presents the reader with an opportunity to unlock comprehensive insights with respect to the global imaging CRO market and helps in forming well-informed strategic decisions. The market research study also offers a wide perspective of the different types of specialty imaging CROs available in the market and their impact on the biopharmaceutical industry by providing critical insights into the direction of its future expansion.

Based on region, North America dominated the global imaging CRO market in 2020 and is expected to grow at a high CAGR from 2021 to 2031. The growing number of clinical trials conducted in the region generates high demand for imaging CROs to distribute workload and cost-effectiveness. In addition, major end users in the region are adopting advanced imaging equipment and automation at a fast pace for efficient processing. Also, the industry’s largest CROs operate in this region as government regulations and programs support the overall growth of the companies. Europe held the second-largest share of the global imaging CRO market in terms of revenue in 2020, followed by Asia-Pacific.

Owing to the COVID-19 pandemic, the investment in research and development in biopharmaceutical companies has increased significantly. Researchers, scientists, and skilled personnel around the world are involved in the development of vaccines and drugs for the treatment of SARS-CoV virus infection, and this scenario is predicted to directly boost the demand for CROs for large scale production in a shorter period, thus enhancing the overall market of imaging CRO.

Within the research report, the market is segmented based on service, modality, application, phase, and end user. Each of these segments covers the snapshot of the market over the projected years, the inclination of the market revenue, underlying patterns, and trends by using analytics on the primary and secondary data obtained.

Competitive Landscape

The global imaging CRO market is largely dominated by companies such as Parexel International Corporation, Worldcare Clinical LLC, ICON plc, IXICO PLC, Micron Group, WuXi Apptec, Medpace, Radiant Sage LLC, Biomedical Systems Corporation, Labcorp Drug Development, Syneos Health, Imaging Endpoints LLC, and Bioclinica, among others.

Through the analysis of the key strategies incorporated by the players of the global imaging CRO market, it was observed that major players were keen to expand their imaging trials services through mergers, partnerships, collaboration, or acquisitions. Several conglomerates are focused on collaborating with small-medium imaging CROs to expand their service offerings to customers in different parts of the world. The overall market of global imaging CRO is expected to witness increasing instances of collaboration between the CROs and the pharmaceutical and biotechnology companies to bolster the better quality of outcomes from the manufacturing process in both research and clinical domains. With a gradual shift toward CROs for conducting imaging trials, the overall revenue of the market is also expected to have strong incremental opportunities in the next ten years.

The post Imaging CRO Market – A Global and Regional Analysis: Focus on Services, Modalities, Applications, Phases, End User, Country Data (11 Countries), and Competitive Landscape – Analysis and Forecast, 2020-2031 first appeared on CRI Report.

Market Segmentation

• End User: Commercial, and Government
• Flight Vehicle Type: Sub-Orbital Reusable Vehicles, High-altitude Balloon, and Parabolic Aircraft

Regional Segmentation

• North America: U.S. and Canada
• Europe: U.K., France, Germany, and Rest-of-Europe
• Asia-Pacific: China, Japan, Singapore, and Rest-of-Asia-Pacific
• Rest-of-the-World: Latin America, Middle East and Africa

Key Companies Profiled

Blue Origin, Orbspace, PD AeroSpace, LTD, SpaceX, Space Perspective, Virgin Galactic, Zero Gravity Corporation, Zero 2 Infinity S.L

How This Report Can Add Value

Product and Innovation Strategy: The product section will help the reader understand the different types of flight vehicles used for sub-orbital space tourism. It will also help the readers understand the different platforms’ market potential globally. The players operating in this market are developing innovative offerings and are highly focused on testing as well as demonstrating their platform capabilities. Moreover, the study also looks into the emerging spaceports that will enable sub-orbital space tourism.

Key Questions Answered in the Report

• What are the underlying structures resulting in the emerging trends within the sub-orbital transportation and space tourism market?
• What are the underlying structures resulting in the emerging trends within the sub-orbital space tourism market?
• What are the potential opportunities in the market for new OEMs and other players to enter?
• Which end user is expected to lead the sub-orbital space tourism market by 2031?
• What was the market value of the regions in the sub-orbital space tourism market in 2020, and how is the market estimated to grow during the forecast period 2021-2031?
• How is the industry expected to evolve during the forecast period 2021-2031?
• What are the key developmental strategies that are implemented by the key players to sustain the competitive market?

Sub-Orbital Space Tourism Market

Currently, the space industry is focusing on developing technologies, platforms as well as spaceports that will enable space transportation. Sub-orbital flights, including space tourism, have gathered significant interest from the space sector as well as individuals who want to travel to space. Several companies such as Virgin Galactic, Blue Origin, Space Adventures, PD AeroSpace, LTD, Space Perspective, and Zero Gravity Corporation are focusing on developing platforms that will enable space tourism. The current challenge is to make space trips cheaper and thus more accessible to the public.

One of the major technologies that the industry is focusing is the reusability of space systems such as suborbital or orbital reusable vehicles. The reusable systems allow the companies to reduce costs as well as operate the system for several missions. The developments of the players in the market showcase that this market has the potential to have immense growth in the upcoming years.

Sub-Orbital Space Tourism Industry Overview

Space transportation has garnered significant interest from several space industries in the past few years. In the past, most space transportation has been focused on cargo supply missions to the International Space Station (ISS) and launch services, but currently, this focus has shifted to in-space transportation, planetary explorations, crewed missions, sub-orbital transportation, and space tourism. Several companies, including SpaceX, Blue Origin, and Virgin Galactic, have been focusing on developing platforms such as rocket-powered sub-orbital vehicles that will enable the industry to carry out sub-orbital transportation and space tourism.

The global sub-orbital space tourism market is estimated to reach $396.6 million in 2031, at a compound annual growth rate (CAGR) of 24.46% during the forecast period 2021-2031. With the growing need to make space accessible to the general public, several companies have been developing spacecraft as well as high-altitude balloons that will enable space tourism. Some of these companies include Virgin Galactic, Space Perspective, and Orbspace, among other.

Market Segmentation

Sub-Orbital Space Tourism Market by End User

The government end-user segment is anticipated to dominate the sub-orbital space tourism market. The factors contributing to this growth are the increasing number of partnerships and contracts that government agencies are forming with commercial players for several sub-orbital transportation applications.

Sub-Orbital Space Tourism Market by Flight Vehicle Type

The sub-orbital reusable vehicles segment is expected to lead the sub-orbital space tourism market. The growth of this segment is attributed to the growing number of emerging companies involved in developing such reusable vehicles that will carry out sub-orbital transportation.

Sub-Orbital Space Tourism Market by Region

North America is expected to dominate the global sub-orbital space tourism market during the forecast period. The number of growing successful demonstrations and test flights carried out by key players in this market has created an opportunity not only for them but also for other players who want to enter the market. Apart from this, these successful demonstrations have proven the viability of these systems and may push these companies to commercialize their product offerings. Additionally, several spaceports, such as the West Texas Launch Site and Spaceport America launch site, which support sub-orbital spaceflights, are also expected to boost the sub-orbital space tourism operations, which in turn will drive the market growth.

Key Market Players and Competition Synopsis

Blue Origin, Orbspace, PD AeroSpace, LTD, SpaceX, Space Perspective, Virgin Galactic, Zero Gravity Corporation, and Zero 2 Infinity S.L

The companies that are profiled in the report have been selected post undergoing in-depth interviews with experts and understanding details around companies such as product portfolio, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the space industry.

The post Sub-Orbital Space Tourism Market: Focus on End User, Flight Vehicle Type, and Country – Analysis and Forecast, 2021-2031 first appeared on CRI Report.

Market Segmentation

• Application – Corrective Action Preventive Action (CAPA) Management, Audit Management, Document Management, Change Management, Training Management, Risk Management, Complaints Management, Regulatory and Compliance Management, Non-Conformances Handling, Supplier Quality Management, Inspection Management, Equipment Management, and Others.
• Deployment Model – On-Cloud, Web-Based, and On-Premises
• End User – Pharmaceutical, Life Sciences, and Biotechnology Companies, Contract Research Organizations, and Others

Regional Segmentation

• North America – U.S. and Canada
• Europe – Germany, U.K., France, Spain, Italy, and Rest-of-Europe
• Asia-Pacific – Japan, China, South Korea, India, Australia and New Zealand, and Rest-of-Asia-Pacific
• Rest-of-the-World – Brazil, Mexico, and Rest of Rest-of-the-World

Market Growth Drivers

• Increasing Cost of Drugs Manufacturing
• Constantly Evolving Regulations
• Growing Technology Adoption in Pharmaceutical Industry

Market Challenges

• Security Concerns Pertaining to On-Cloud Deployment
• Lack of Regulations for Pharmaceutical Quality Management Software

Market Opportunities

• Synergies Between Pharmaceutical Quality Management Software Developers and Local End User
• Development of Solutions Based on Platform-as-a-Service Business Model

Key Companies Profiled

ANTARES VISION S.p.A, AssurX, Inc., AXSource, CLARIVATE PLC., ComplianceQuest, Dassault Systèmes, EtQ Management Consultants, Inc., Honeywell International Inc., Ideagen Plc., IQVIA HOLDINGS INC., LogicGate, Inc, MasterControl, PTC Inc., Sarjen Systems Pvt. Ltd., Qualio, Veeva Systems Inc.

How This Report Can Add Value

Assuming that the reader is a developer of pharmaceutical quality management software, they will be able to do the following:

• Understand their position as compared to some of the key players in the market
• Stay updated with novel technology integration, features, and the latest developments in the market
• Understand the impact of COVID-19 on the adoption of pharmaceutical QMS and the entry barriers as a result of it
• Gain insights into which regions to target globally based on factors such as the technology adoption in the pharmaceutical industry and government established regulations
• To gain insights into end-user perception with respect to the adoption of pharmaceutical QMS systems
• Identify some of the key players in the market and understand their valuable contribution

Key Questions Answered in the Global Pharmaceutical Quality Management Market Report

• How did the COVID-19 pandemic impact the adoption of pharmaceutical quality management software by various pharmaceutical and life sciences companies?
• What is the outlook for the global pharmaceutical quality management software market during the forecast period 2021-2030?
• What are the key trends influencing the global pharmaceutical quality management software market? How will they influence the market in short-, mid-, and long-term duration?
• What is the end user perception toward pharmaceutical quality management software?
• How is the patent landscape for pharmaceutical quality software? Which country/cluster witnessed the highest patent filing from January 2014-June 2021?
• What are the key factors impacting the global pharmaceutical quality management software market? What will be their impact in short-, mid-, and long-term duration?
• What are the key opportunities areas in the global pharmaceutical quality management software market? What is their potential in short-, mid-, and long-term duration?
• What are the key strategies adopted by companies in the global pharmaceutical quality management software market?
• What are the key application areas of the global pharmaceutical quality management software market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030?
• What is the preferred deployment model for the global pharmaceutical quality management software? What is the growth potential of various deployment models present in the market?
• Who are the key end users of pharmaceutical quality software? What is their respective share in the global pharmaceutical quality management software market?
• Which regional market is expected to hold the highest growth potential in the global pharmaceutical quality management software market during the forecast period 2021-2030?
• Which are the key players in the global pharmaceutical quality management software market?

Global Pharmaceutical Quality Management Software Market Industry Overview

The manufacture of drugs and pharmaceutical products passes through various processing steps, each of which requires monitoring to ensure the safety, efficacy, and quality of the manufactured product. Traditional paper-based quality management systems are associated with various drawbacks that can be overcome by software-based quality management systems.

While the pharmaceutical quality management software market is still in its niche stage, the market is anticipated to grow rapidly owing to increasing technology adoption in the pharmaceutical industry, increasing cost of drug manufacturing, and evolving regulations. Currently, a few large pharmaceutical companies have adopted electronic quality management systems in order to automate their processes. With increasing technology adoption in the pharmaceutical industry, going forward, smaller companies are expected to implement software-based systems from the beginning itself.

The COVID-19 pandemic has further accelerated the digital transformation of the pharmaceutical industry. This positive impact is attributed to factors such as travel restrictions and the emerging concept of working and communicating remotely.

The global pharmaceutical quality management software market report highlights that the market was valued at $472.6 million in 2020 and is expected to reach $3,717.7 million by the end of 2030. The market is expected to grow at a CAGR of 22.91% during the forecast period from 2021 to 2030.

Global Pharmaceutical Quality Management Software Market Drivers

The factors driving the growth of the market include the increasing cost of drug manufacturing, constantly evolving regulations, and growing technology adoption in the pharmaceutical industry. Pharmaceutical companies spend up to billions of dollars in the manufacture of a new drug, thereby increasing the demand for automating manufacturing processes. The benefits associated with paper-based quality management systems are overcome by software-based quality management systems, presenting a lucrative market for pharmaceutical quality management software.

Furthermore, increasing demand by pharmaceutical companies to comply with regulatory requirements in order to compete with other players in the market is another factor driving the growth of the market.

Global Pharmaceutical Quality Management Software Market Challenges

The factors restraining the growth of the global pharmaceutical quality management software include security concerns pertaining to on-cloud deployment and the lack of well-established regulations governing pharmaceutical quality management software systems. Data breach incidents cause the pharmaceutical industry to suffer both monetary losses as well as breaches of customer trust. Additionally, while emerging economies in Asia-Pacific and Rest-of-the-World present a huge potential for growth of the pharmaceutical quality management software market, currently, market penetration in the region is challenging owing to factors such as lack of technology integration in the pharmaceutical industry and high upfront costs associated with the purchase of software.

However, the COVID-19 pandemic has countered these challenges and thus, positively impacted the digital transformation of the pharmaceutical industry.

Global Pharmaceutical Quality Management Software Market Opportunities

Synergies between pharmaceutical QMS developers and local end users and the development of solutions based on platform-as-a-service business model hold immense potential for the growth of the global pharmaceutical quality management software market.

The development of solutions based on the platform-as-a-service model is a novel model for running applications such as quality management software wherein a third party maintains the hardware and software infrastructure and delivers it to users over the internet. The software developers are adopting the PaaS solutions due to their simplicity, scalability, and reliability.

Impact of COVID-19 on the Global Pharmaceutical Quality Management Software Market

A paradigm shift in consumer preference from a paper-based management system to a digital cloud-based system has been witnessed in the past decade. The pandemic had a positive impact on the global pharmaceutical quality management software market. This is attributed to government-imposed restrictions during the lockdown and the shift towards working remotely. The realized benefits are expected to influence user perception post-COVID as well. Some of these benefits include:

• Time saving due to systematic categorization and storage of documentation
• Convenient approach to storage, manage and make sense of large amounts of data
• Higher revenue stream, in the long run, owing to cost savings
• Cost savings are realized in areas such as non-conformity and complaints
• Streamlined workflow enabling more efficient communication and collaboration within the organization as well as with clients

Market Segmentation

Global Pharmaceutical Quality Management Software Market (by Deployment Model)

The global pharmaceutical quality management software market has been segmented on the basis of deployment model into three broad categories, namely, on-cloud, web-based, and on-premises.

The on-cloud deployment model offers significant benefits over the traditional on-premises software or paper-based system. With the cloud-based system, it is easier to upgrade to the electronic QMS. The model can be accessed remotely in a highly secured environment. The model is also easily scalable, which allows clients to add more users and storage according to the business needs in the future.

Global Pharmaceutical Quality Management Software Market (by Application)

The global pharmaceutical quality management software market has been segmented on the basis of application into corrective action preventive action (CAPA) management, audit management, document management, change management, training management, risk management, complaints management, regulatory and compliance management, non-conformances handling, supplier quality management, inspection management, equipment management, and others.

Rising technology adoption in the pharmaceutical industry and increasing demand to automate processes to ensure regulatory compliance are major factors driving the growth of various quality management application areas.

Global Pharmaceutical Quality Management Software Market (by End User)

The global pharmaceutical quality management software market has been segmented on the basis of end users into three categories, namely, pharmaceutical, life sciences companies, and biotechnology companies, contract research organizations, and others.

Pharmaceutical, life sciences, and biotechnology companies are the major end users of the global pharmaceutical quality management software market. The adoption of quality management software is increasing in these industries due to the rapid growth of industries and ease of use. With the adoption of pharmaceutical QMS systems, the industries can better control, manage compliance, and assess the products for quality.

Contract research organizations (CRO) are the emerging end-user segment of the global pharmaceutical quality management software market. The trend is driven by both pharmaceutical and biotechnology companies outsourcing certain processes to CROs.

Global Pharmaceutical Quality Management Software Market (by Region)

The different regions covered under the global urgent care apps market include North America, Europe, Asia-Pacific, and Rest-of-the-World.

North America and Europe are two of the largest markets for pharmaceutical quality management software. This is attributed to increasing technology integration in the pharmaceutical industry. While developing countries such as those in Asia-Pacific and the Rest-of-the-World currently offer challenges to pharmaceutical QMS developers to enter the market in these regions, they are expected to register strong growth in the adoption of pharmaceutical quality management software in the near future.

Key Market Players and Competition Synopsis

Some of the key players operating in the market include ANTARES VISION S.p.A, AssurX, Inc., AXSource, CLARIVATE PLC., ComplianceQuest, Dassault Systèmes, EtQ Management Consultants, Inc., Honeywell International Inc., Ideagen Plc., IQVIA HOLDINGS INC., LogicGate, Inc, MasterControl, PTC Inc., Sarjen Systems Pvt. Ltd., Qualio, and Veeva Systems Inc.

In the past few years, the global pharmaceutical quality management software market has witnessed several strategic and technological developments undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this segment are funding activities, mergers and acquisitions (M&As), partnerships, alliances, and business expansion, regulatory and legal activities, and new offerings. The preferred strategy for companies has been partnerships followed by funding activities.

The post Pharmaceutical Quality Management Software Market – A Global and Regional Analysis: Focus on Deployment Models, Applications, End Users, and Country-Wise Analysis – Analysis and Forecast, 2021-2030 first appeared on CRI Report.

Market Segmentation

• Product (Instruments, Consumables, and Software)
• Technology (Next-Generation Sequencing, Polymerase Chain Reaction, Microarray, In-Situ Hybridization (ISH), and Other Technologies)
• Application (Drug Discovery and Development, Diagnostics, Cell Biology, Single Cell Analysis, Gene Expression, and Other Applications)
• End User (Academic and Research Institutions, Biotechnology and Pharmaceutical Companies, and Other End Users (Hospitals, Clinics, and Diagnostics Labs)

Regional Segmentation

• North America: U.S., Canada
• Europe: Germany, U.K., France, Italy, Spain, and Rest-of-Europe
• Asia-Pacific: China, India, Japan, Australia, Singapore, and Rest-of-Asia-Pacific
• Latin America: Brazil, Mexico, Rest-of-Latin America
• Rest-of-the-World (RoW)

Market Growth Drivers

• Increasing Application of NGS and RNA-Sequencing in Transcriptomics Research
• Increase in Adoption of Personalized Medicine
• Continuous Advancement in the Products for Transcriptomics Research

Market Challenges

• High Cost and Maintenance of Next-Generation Sequencing and RNA-Sequencing Platform
• Lack of Tools for Computational Analysis
• Lack of Infrastructure and Expertise

Market Opportunities

• Expansion into New Research Application
• Expansion of Biomarker Discovery
• Use of Toxicogenomic to Promote Transcriptomics Research

Key Companies Profiled

10x Genomics, Agilent Technologies, Inc., ANGLE plc, Becton, Dickinson and Company (BD), Bio-Rad Laboratories, Inc., Bio-Techne, BioSypder, Inc., Cytiva, Fluidigm Corporation, Illumina, Inc., Menarini Silicon Biosystems, NanoString, Pacific Biosciences of California, Inc., PerkinElmer Inc., QIAGEN, Takara Bio Inc., Thermo Fisher Scientific Inc.

Key Questions Answered in this Report:

• How is next-generation sequencing technology affecting the transcriptomics market?
• What are the major market drivers, challenges, and opportunities in the global transcriptomics market?
• What are the underlying structures resulting in the emerging trends within the global transcriptomics market?
• How is the COVID-19 pandemic impacting the global transcriptomics market landscape?
• What are the key development strategies that are being implemented by the major players in order to sustain themselves in the competitive market?
• What are the key regulatory implications in developed and developing regions pertaining to transcriptomics?
• What are the potential entry barriers expected to be faced by the companies willing to enter a particular region for the development of transcriptomics?
• How is each segment of the market expected to grow during the forecast period 2021-2031, and what is the anticipated revenue to be generated by each segment?
• What are the growth opportunities for the companies in the region of their operation?
• What are the major applications for the companies in the region of their operation?
• Who are the leading players with significant offerings in the global transcriptomics market?
• Which companies are anticipated to be highly disruptive in the future, and why?
• What are the current unmet needs that are being faced in the global transcriptomics market?

Market Overview

The growth of the transcriptomics market is expected to be driven by the decrease in the cost of sequencing, the global increase in the application of next-generation sequencing and RNA sequencing in transcriptomics, and the advancement of the products. However, there are significant challenges restraining the market growth, such as the high cost and maintenance of next-generation sequencing and RNA sequencing platforms and the lack of tools for computational analysis. The transcriptomics approach has been able to decipher the mechanism of complex bulk tissue, giving a deep understanding of heterogeneous cell populations. With the co-analysis of molecules, such as RNA, and protein, at a single cell level, the researchers are able to unearth the regulation mechanism associated with RNA transcription and protein translation.

The healthcare experts have found the transcriptomics market to be one of the stable markets, and the global market is predicted to grow at a CAGR of 20.11% during the forecast period 2021-2031.

The transcriptomics market is an emerging market with huge growth potential. Recent technological advancements are facilitating the adoption of the technology at a rapid pace. Transcriptomics offers the ability to isolate a single cell with specific phenotypes from a heterogeneous mixture, along with gene expression analysis and protein expression analysis. The unique feature of transcriptomics technology to integrate the data from various molecules and from different cells to study cell-to-cell differentiation enables the study of mechanisms that are visible at a transcriptomic level.

Competitive Landscape

The growth in this market is expected to be driven by the decrease in the cost of sequencing, the global increase in the application of next-generation sequencing and RNA sequencing in transcriptomics, and the advancement of products launches. The growth of other technologies, such as in-situ hybridization, can be attributed to the increased clinical research to understand the involvement of molecular pathology in the diagnosis and prognosis of genetic disorders. Based on region, North America holds the largest share in the market, owing to improved healthcare infrastructure, rise in per capita income, and improvised reimbursement policies in the region. However, the Asia-Pacific region is anticipated to grow at the fastest CAGR during the forecast period 2021-2031.

The post Transcriptomics Market – A Global and Regional Analysis: Focus on Product, Application, Technology, and End User – Analysis and Forecast, 2021-2031 first appeared on CRI Report.

Market Segmentation

• Application: Tractor, Planter and Seeder, Harvester, and Others
• Product: Hardware (Electronic Control Unit (ECU), Universal Terminal, Cables and Connectors, Others) and Software (Virtual Terminal, Task Controller, Mobile Application, and Others)

Regional Segmentation

• Europe: France, Germany, Italy, Spain, and Rest-of-Europe

Market Growth Drivers

• Need for Standardized Communication between Agricultural Equipment
• Increase in Synergistic Partnerships between Agricultural Equipment Manufacturers
• Need for Increased Production to Cater to the Growing Population

Market Challenges

• Incompatibility Issues between Different Devices
• High Initial Investment for Complete ISOBUS System

How This Report Can Add Value

Market by Product, Analysis, and Forecast: The segment gives a brief overview of the product portfolio of different companies and the market presence of different products existing in the market.

For instance, in June 2020, In April 2020, Amazone released avant, a cultivator that combines Amazone’s FTender, a KG folding cultivator, and 40 parallelograms suspended ‘TwinTeC’ double disc coulters. The Avant is ISOBUS compatible and can be operated by any supported device.

Market by Application, Analysis, and Forecast: The segment gives a brief overview of the market status of different applications of the product and key players offering products in those applications. Tractors are one of the major application areas for the ISOBUS standard. This is because the tractor is the primary equipment in the field, and other implements such as sprayers and harvesters are connected with a tractor and then used in the field. Companies such as CNH Industrial offer several products in this category.

Key questions answered in the Report

• What is the estimated Europe ISOBUS component market size in terms of revenue for the forecast period 2021-2026, and what is the expected compound annual growth rate (CAGR) during the forecast period 2021-2026?
• What are the key trends, market drivers, and opportunities in the market pertaining to the Europe ISOBUS component market?
• What are the major restraints inhibiting the growth of the Europe ISOBUS component market?
• What kinds of new strategies are being adopted by the existing market players to expand their market position in the industry?
• What is the competitive strength of the key players in the Europe ISOBUS component market on the basis of analysis of their recent developments, product offerings, and regional presence?
• How is the competitive benchmarking of the key ISOBUS component companies in the agriculture market based on the analysis of their market coverage and market potential?

Europe ISOBUS Component Market

The first ISOBUS compliant equipment (tractor) was launched in the early 1990s, and since then, there have been significant improvements in the ISOBUS and other agricultural technologies. This standard is still in its growth phase and has a long runway ahead of it. The inter-implement connectivity achieved with ISOBUS equipment has been crucial in deploying digital solutions that will increase field productivity and efficiency.

Europe ISOBUS Component Industry Overview

The Europe ISOBUS component market is expected to reach $209.29 million by 2026, with a CAGR of 7.36% during the forecast period 2021- 2026. High growth in the market is expected to be driven by the need to resolve the inter-implement incompatibility issues existing between equipment manufactured by different companies. ISOBUS also allows for the inclusion of a virtual terminal (VT), which further allows the operator to control multiple implements simultaneously, manufactured by different companies.

Market Segmentation

Europe ISOBUS Component Market by Product

The component electronic control unit (ECU) witnessed high demand as compared to other components as all key applications of ISOBUS in the agricultural industry (such as harvesters and tractors) use ISOBUS-enabled ECUs for their functioning.

Europe ISOBUS Component Market by Application

The Europe ISOBUS component market by application category is dominated by tractor segment. This dominance is due to the huge market of tractors in the France and Germany.

Europe ISOBUS Component Market by Country

France generated the highest revenue of $44.90 million in 2020, attributed to the presence of leading ISOBUS-enabled agricultural implement manufacturers along with continuous government initiatives in the country to promote the deployment of ISOBUS equipment in the field. The country is expected to witness moderate growth of CAGR 7.98% during the forecast period.

The post Europe ISOBUS Component Market – A Regional Analysis: Focus on Product, Application, and Country Analysis – Analysis and Forecast, 2021-2026 first appeared on CRI Report.