The study published by Astute Analytica foresees a growth in revenue of the Global Procurement Software Market from US$ 6,115.4 Mn in 2021 to US$ 9,654.8 Mn by 2026. The market is registering a CAGR of 9.4% over the forecast period 2022-2026. The market is majorly driven by factors such as increasing demand to automate the procurement processes and integration between e-procurement applications and ERP Solutions.
The segmentations considered to analyze the Global Procurement Software Market are deployment, software, industry, and region. In terms of deployment, the cloud-based deployment segment holds the highest market share in 2021. Further, based on software, the e-procurement software has the highest share in the procurement software market in 2021. North America is the highest shareholder region in the Global Procurement Software Market in 2021.
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Market Snapshot
Procurement software is a form of business software that aids an organization with systemizing its purchasing functions and overall procurement process. Software function involves issuing and assessing tenders, raising and approving purchase orders, picking and ordering a product or service, receiving and matching the invoice and order, and payment of invoices. This allows the procurement division to streamline processes and see everything that is ordered, guaranteeing that nothing can be ordered without the right approvals. Procurement software encourages the automation and documentation of every transaction. This allocates all specifics of how resources are being used with regards to suppliers, expense, quality, and the period it requires to conclude the purchase, all of which can be accessed in one source.
Market Dynamics
Drivers:
The growing impetus of the market is attributed to factors such as increasing demand to automate the procurement processes and integration between e-procurement applications and ERP Solutions. With a traditional procurement system, the purchasing process is more time consuming and has a greater potential for error. Using procurement software, on the other hand, allows a great deal of the process to be automated, and all the process is electronic. This saves time and reduces error potential, thereby saving the organization money. Therefore, to deliver continuous cost savings and increase process efficiency, procurement departments are now looking at automating steps of a procurement cycle. Furthermore, the software applications integrate with enterprise resource planning (ERP) platform, whether Oracle, SAP, or another option. The effective integration of e-Procurement applications with back-end systems is essential to help critical data flow between the two platforms.
Restraints:
Lack of technical know-how to operate software challenges the overall demand of procurement software globally. Further, as the procurement department becomes more digitally connected, the cybersecurity of the department becomes a key concern, for all professionals involved in the industry. Hence, lack of skilled professionals and risks associated with cybersecurity and data protection is expected to hinder market growth over the forecast period.
Opportunities:
Adoption of cloud-based technologies is presenting a lucrative opportunity for market expansion. In terms of procurement, usage of cloud allows for efficient handling of process of requisitioning, sourcing, procuring and handling payments for services, among others. Procurement via the cloud allows for an effective and organized system to keep business costs under control, select the best suppliers, enforce company policy, and appraise supplier risk.
Regional Analysis:
North America dominates the Global Procurement Software Market
North America leads the Global Procurement Software Market in 2021 and is estimated to continue its dominance throughout the forecast period. The regional dominance of North America is attributed to the presence of key companies in the region such as Oracle, Microsoft, and others. The US is the highest shareholder country in the procurement software market of North America. Based on end-use industry, the BFSI segment holds the highest market share in 2021.
Germany leads the procurement software market of Europe
Europe is the second highest shareholder of the Global Procurement Software Market in 2021. Growing retail and higher adoption online channels is the key reason for the growth of Europe procurement software market. Germany is the highest shareholder country in the procurement market of Europe with a share of 24% in 2021. Further, the UK is registering the highest CAGR over the projection period. Based on deployment, the cloud-based deployment segment holds the highest market share in 2021.
Asia Pacific holds the highest CAGR in the Global Procurement Software Market
Asia Pacific records the highest CAGR over the forecast period 2022-2026. The growth of the market in APAC is attributed to growing businesses in the region and rising internet penetration. China dominates the procurement software market of Asia Pacific, whereas India registers the highest CAGR over the projection period. In terms of software, the e-procurement segment holds the highest market share in 2021 as the e-procurement software encompasses a wide range of actions including spend analysis, sourcing, e-auctions, procure-to-pay (P2P) and contract management.
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Brazil holds the highest CAGR in the procurement software market of Latin America
Brazil is the highest shareholder country in Latin America and registers the highest compound annual growth rate over the projection period. In terms of software, the e-procurement software segment has the highest market share in 2021, whereas, the spend analysis software holds the highest CAGR over the projection period.
UAE leads the MEA procurement software market in 2021
Middle East and Africa holds a significant share of the Global Procurement Software Market as the region is active in adopting the latest technologies and implementing it in various industries. UAE is the highest shareholder country in MEA procurement software market in 2021 and South Africa holds the highest CAGR over the forecast period. Based on end-use industry, the BFSI segment holds the highest share in MEA market in 2021.
Competitive Landscape
The key players in the global procurement software market are SAP SE, Proactis Holdings PLC, Coupa Software Inc., Microsoft Corporation, and Oracle Corporation among others.
Segmentation Overview
The following are the different segments of the Global Procurement Software Market:
By Deployment segment of the Global Procurement Software Market is sub-segmented into:
Cloud based
On-premises
By Software segment of the Global Procurement Software Market is sub-segmented into:
Spend Analysis
E-Sourcing
E-Procurement
By Industry segment of the Global Procurement Software Market is sub-segmented into:
Retail
Manufacturing
Transportation & Logistics
Healthcare
BFSI
Others
By Region segment of the Global Procurement Software Market is sub-segmented into:
North America
The U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Latin America
Mexico
Brazil
Rest of LA
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa
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About Astute Analytica
Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.
Contact us:
Aamir Beg
BSI Business Park, H-15,Sector-63, Noida- 201301- India
Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)
Email: sales@astuteanalytica.com
Website: www.astuteanalytica.com
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The study undertaken by Astute Analytica foresees a growth in revenue of the Global Technology Scouting Service Market from US$ 1,069.43 Mn in 2021 to US$ 1,813.36 Mn by 2030. The market is registering a CAGR of 6.25% over the projection period 2022-2030. The market is majorly driven by the rising demand from various end-use industries. Technology scouting is an element of technology management in which emerging technologies are identified and technology related information is channeled into an organization. Technology scouting combines expertise, research, and proven processes for road-mapping innovation that can impact businesses. It is a starting point of a long term and interactive matching process between external technologies and internal requirements of an existing organization for strategic purposes.
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The various segments considered to analyze the market are based on deployment, services, enterprise size, end users, industry and region. In terms of deployment, the cloud-based segment holds the highest market share in 2021. Based on enterprise size, the large enterprises have the highest market share in 2021. Furthermore, based on end users, corporates occupy the majority of the market share in 2021. North America is the highest shareholder region in the Global Technology Scouting Market in 2021.
Market Dynamics
The growing impetus of the market is attributed to the rising demand from various end-user industries. Technology scouting services are essential as even major organizations are at risk of being left behind by their competitors, startups, or scaleups, due to the rapid pace of technological advancement. Industries such as electronics & communication, packaging, architecture, computer science & IT, food & beverages, metallurgy & material science, agriculture, telecom, chemicals, and others are propelling the demand for technology scouting services. Moreover, many prominent firms such as IBM, BAE Systems, and so on are already utilizing technology scouting to address current difficulties such as market volatility, fast changing client expectations, and increased rivalry as a result of the rapid speed of technological advancement. Furthermore, the development of AI based technology in the technology scouting market is expected to present a lucrative opportunity for market growth during the forecast period. However, the number of players in the technology scouting market are significantly high, creating an intense rivalry among the players.
Regional Analysis:
North America dominates the Global Technology Scouting Service Market in 2021
North America is the highest shareholder region in the Global Technology Scouting Market in 2021 and is projected to continue its dominance over the projection period. The regional dominance of North America is attributed to the presence of key market players. The US is the highest shareholder country in North America technology scouting service market in 2021. Further, based on industry, computer science & IT holds the highest share in the North American market in 2021.
Germany leads the Europe technology scouting service market in 2021
Europe holds the second highest share in the Global Technology Scouting Market in 2021. Further, Germany is the highest shareholder country in the technology scouting service market of Europe in 2021 owing to the rising technology adoption in the region. In terms of end users, corporates have the highest market share in 2021. Based on enterprise size, the large enterprises have the highest share in the technology scouting service market of Europe in 2021.
Asia Pacific holds the highest CAGR in the Global Technology Scouting Service Market
Asia Pacific registers the highest CAGR in the Global Technology Scouting Service Market in 2021. This is due to growing businesses in the region and rising internet penetration. China holds the highest share in the technology scouting service market of APAC. Further, India registers the highest compound annual growth rate over the projection period. In terms of industry, computer science & IT holds the highest market share in 2021.
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Saudi Arabia dominates the technology scouting service market of MEA
Middle East & Africa technology scouting service market is led by Saudi Arabia. Further, South Africa registers the highest CAGR over the forecast period 2022-2030. Based on enterprise size, the large enterprises hold the highest market share in 2021. In addition, based on deployment, the cloud-based segment holds the highest market share in 2021.
The key players in the global technology scouting service market are Advanced Technology innovations, DAF Technologies, Darcy Partners, Erdyn, Fuelup, and Iceberg IP Group among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip of emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
A look at key competitors
Advanced Technology Innovation (ATI) has access to hundreds of the most comprehensive scientific, technical and business databases available. They also solicit pre-proposals from a highly fertile source of innovation — hundreds of small technology-based firms and university scientists. They provide a succinct report which includes the best technology sources for specific need, a summary of their technology or approach, and background information.
DAF Technologies is a boutique technology advisory firm providing strategic consulting services to clients. DAF Technologies helps clients exceed their strategic goals through the use of emerging technology. They identify opportunities for innovation, research and identify recommended emerging technologies, and pilot and integrate new technologies into business processes.
FuelUp is the go-to for technology scouting. It provides a platform that allows a customer to quantitatively assess the uniqueness and performance of thousands of private technology companies. FUEL UP is a subscription-based digital platform that features new business ideas, products, and startups. Its in-house software and algorithm continuously scan and ranks startups to help its users to discover, track, and connect to the best-fit startups.
INNOSPOT is a Technology Company specialized on Startup Scouting around the globe by using an AI-based Search- and Crawling-Technology. They are passionate about inventions, new technologies and progress that affects their world in a positive way.
Segmentation Overview
The following are the different segments of the Global Technology Scouting Service Market:
By Deployment segment of the Global Technology Scouting Service Market is sub-segmented into:
Cloud
On-Premise
By Services segment of the Global Technology Scouting Service Market is sub-segmented into:
Professional Services
Platform Services
Innovation & Technology Services
Research Services
Search Services
Enterprise Size segment of the Global Technology Scouting Service Market is sub-segmented into:
Large Enterprises
Small and Medium Enterprises
By End Users segment of the Global Technology Scouting Service Market is sub-segmented into:
Corporates
Innovative Start-ups
Technology Companies
Others
By Industry segment of the Global Technology Scouting Service Market is sub-segmented into:
Electronics & Communication
Packaging
Architecture
Computer Science & IT
Food & Beverages
Metallurgy & Material Science
Agriculture
Telecom
Chemicals
Others
By Region segment of the Global Technology Scouting Service Market is sub-segmented into:
North America
The U.S.
Canada
Mexico
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
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About Astute Analytica
Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.
Contact us:
Aamir Beg
BSI Business Park, H-15,Sector-63, Noida- 201301- India
Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)
Email: sales@astuteanalytica.com
Website: www.astuteanalytica.com
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A generator transforms mechanical energy into electrical energy. In recent years, demand for uninterrupted and reliable power supply has increased significantly, which has led to the sale of generators. Therefore, generators are considered a robust medium in providing power backup in industrial buildings, data centers, and at times in emergencies. The growth of the generator sales market can be attributed to the increasing demand for uninterrupted and reliable power from a wide range of end-users such as the residential, IT/telecom, healthcare, utility and power generation, marine, chemical, oil & gas, mining, and construction sectors. The global generator sales market is projected to reach USD 29.3 billion by 2028 from an estimated USD 22.3 billion in 2019, at a CAGR of ~6% during the forecast period
Top Driver: Robustrise in popularity of dual-fuel generator sets
The global Generator Market is expected to witness significant demand, owing to the rise in popularity of dual-fuel generator sets, which save significant fuel. In addition, these sets provide the cost difference between natural gas and diesel. Moreover, the rise in consumer interest in alternative fuel gen-sets, owing to its potential of lowering the total energy costs, is a major factor propelling the market growth. Furthermore, a rise in demand for generators handling varying voltages in case of voltage drops and power outages among industrial processes to avoid equipment malfunctioning is expected to boost the global generators market growth. However, high installation and operating costs of generators and the consumer shift toward environment-friendly alternatives (solar and fuel cells) are predicted to inhibit the market growth.
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Diesel segment to Make Crucial Contribution to Growth of Global Generator Market
By fuel type, the diesel segment is expected to be the largest contributor to the generator sales market during the forecast period.
The report segments the generator sales market, by fuel type, into diesel, natural gas, and others. The diesel segment is expected to hold the largest market share by 2028 because of its wide use in the manufacturing, healthcare, oil & gas, marine, and IT/telecom sectors. Moreover, the easy availability of fuel, ease of storage, ease of transportation, and quick response to load changes are some of the factors that are expected to drive the diesel generator segment. However, to reduce emissions, developed countries such as the US, Canada, the UK, Germany, France, the Netherlands, and Japan are rapidly adopting natural gas-based power generation technologies due to which the gas generators sales market is expected to grow at a faster pace during the forecast period.
The industrial segment is expected to hold the largest market share during the forecast period. The generator sales market has been segmented, on the basis of end-user, into residential, commercial, and industrial. The industrial end-user segment is expected to grow at the highest CAGR during the forecast period. The key factor driving the market is favorable government policies for the growth of industries in various countries such as Mexico, China, Brazil, and India. The growth of the oil & gas sector in China, Mexico, Canada, and African countries is also fueling the demand for generators in the industrial end-user segment.
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Rising demand for power products in China and India to Benefit Asia Pacific Market
The Asia Pacific is expected to account for the largest market size during the forecast period. Asia Pacific is expected to be the largest and fastest-growing market due to the high demand for power products in China and India. The high economic growth rate of China has led to an increase in the demand for power generation equipment such as diesel and gas generators in the country. New policy reforms in India to support the growth of industries have made the country a very lucrative market for OEM manufacturers. This is also likely to create a huge demand for generators in the region.
Players to Focus on Expanding Applications in Global Generator Market
The major players in the generator sales market are Caterpillar (US), Cummins (US), Rolls-Royce (UK), Mitsubishi (Japan), Yanmar (Japan), and Kohler (US). Between 2019 and 2028, the companies adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the generator sales market.
Scope of the Report
By Fuel Type
Diesel
Natural Gas
Others (LPG, propane, and bio-diesel)
By Application
Standby
Prime & Continuous
Peak Shaving
By End-User
Industrial
Commercial
Residential
By power rating
Below 100 kVA
100-350 kVA
350-1,000 kVA
1,000-2,500 kVA
2,500-5,000 kVA
Above 5,000 kVA
By Region
North America
Europe
Asia Pacific
SAMEA
Key Reasons to Purchase this Report
It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
Get in touch with us:
Phone number: +18884296757
Email: sales@astuteanalytica.com
Visit our website: https://www.astuteanalytica.
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X-Ray Detectors Market was valued at USD 2.53 Billion in 2019 and is projected to reach USD 3.75 Billion by 2027, growing at a CAGR of 5.8% from 2022 to 2030.
Impact Analysis of COVID-19
In this report, market players in this field will receive insights regarding COVID-19’s impact post-COVID-19, which will provide a useful framework for evaluating strategies. The COVID-19 has affected a number of manufacturing operations and supply chains worldwide. As a result, the economy has been experiencing a recession and high inflation rates. Furthermore, the pandemic disrupted a number of industries’ international movements. Due to the labor shortage and the lack of logistics movement, the whole sector faced sustained challenges. Lockdowns have caused severe financial losses to end-user industries.
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Global X-Ray Detectors Market Outlook
Key factors such recent advancements in X-ray technology, increasing demand for digital imaging system, ageing population, rise in the number of various types of procedures like mammography, orthopedic and cardiovascular procedures are anticipated to drive the global X-Ray Detectors in the forecast period.
Global X-Ray Detectors Market Competitive Landscape
The global X-ray detector in industrial sector market is segmented by numerous segments, which include segmentation by technology, portability, end-use application, and by region. By technology, the market is segmented into flat-panel detectors, computed radiography (CR) detectors, line scan detectors, and charge-coupled device detectors, out of which, the flat-panel detectors segment is anticipated to garner the largest revenue of more than USD 165 Million by the end of 2030. Moreover, in the year 2020, the segment generated a revenue of near to USD 105 Million.
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On the basis of regional analysis, the global X-ray detector in industrial sector market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in North America, amongst the market in all other regions, is anticipated to garner the largest revenue of near to USD 110 Million by the end of 2030. Moreover, in the year 2020, the market in the region generated a revenue of around USD 70 Million.
Some of the prominent industry leaders in the global X-ray detector in industrial sector market that are included in our report are Varex Imaging Corporation, Thales Group, Teledyne Digital Imaging Inc., Canon Inc., Hamamatsu Photonics K.K., FUJIFILM Holdings Corporation, Carestream Health, DRTECH Co., Ltd., Vieworks Co., Ltd., Konica Minolta, Inc., iRay Technology, CareRay Medical Technologies, PROTEC GmbH & Co. KG, Waygate Technologies (Baker Hughes Company), and others.
The “Global X-Ray Detectors Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Varex Imaging, Teledyne Dalsa, Inc. (A Subsidiary of Teledyne Technologies, Incorporated), Analogic Corporation, Thales Group, Canon Inc., Agfa-Gevaert Group, Carestream Health (Subsidiary of Onex Corporation), Konica Minolta, Inc., Hamamatsu Photonics K.K., Rayence (A Subsidiary Rayence Co. Ltd.), Fujifilm Holdings Corporation, Vieworks Co., Ltd., Drtech.
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
Get in touch with us:
Phone number: +18884296757
Email: sales@astuteanalytica.com
Visit our website: https://www.astuteanalytica.com/
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https://ekonty.com/read-blog/9134_linear-vibration-motor-market-size-share-analysis-prospects-and-forecast-2022-20.html
https://colective.net/read-blog/13454_linear-vibration-motor-market-size-share-analysis-prospects-and-forecast-2022-20.html
https://www.linkgeanie.com/news/linear-vibration-motor-market-size--share-analysis--prospects--and-forecast-2022-2027
https://fortunetelleroracle.com/news/linear-vibration-motor-market-size--share-analysis--prospects--and-forecast-2022-2027-636509
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The global Machine Tools Market held a market value of USD 69,855.2 Million in 2020 and is forecasted to reach USD 95,169.1 Million by the year 2027. The market is expected to register a CAGR of 4.7% during the forecast period. The market volume for machine tools was 4,374.68 thousand tons in 2020.
Machine tools are machines for handling metal or rigid materials. This is usually done by techniques such as boring, cutting, shearing, grinding, and other forms of deformation. Favorable government regulations & policies for the manufacturing sector and increased demand in emerging markets are also expected to boost the market growth. Furthermore, technological advancements regarding machine tools are also anticipated to boost market growth.
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Growth Influencers:
Favorable government regulations and policies for the manufacturing sector
Globally, most nations have favorable government regulations and policies to manufacture safe products. For instance, the regulatory framework in India is supported by 3 government institutions the Ministry of Heavy Industries & Public Enterprises, the Bureau of Indian Standards, and the Ministry of Labour & Employment. The country also has favorable policies, such as the National Policy on Safety, Health & Environment at Workplace 2009 and National Capital Goods Policy 2016, among others. These help in setting standards & compliance on safety, health & environment. They also help in promoting exports, increase domestic production, technology improvement, mandatory standardization of machines & equipment by adopting ISO, reduce sub-standard imports through standardization, and skill development. All these factors support the manufacturing sector, hence boosting the market growth.
Increased demand in emerging markets
Demand for machine tools majorly comes from manufacturers of primary and intermediate goods. Primary user industries include capital goods, consumer durables, and automotive. The intermediate goods industries include ball & roll bearings, auto components, and electronic components. A major part of these industries is located in emerging nations such as China and India, among others. This is expected to drive the market growth over the projected period.
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Segments Overview:
The global Machine Tools market is segmented into product type, automation type, industry, and sales channel.
By Product Type
Milling Machine
Lathe Machine
Laser Machine
Drilling Machine
Turning Machine
Grinding Machine
Electrical Discharge Machines
Machining Centers
The machining centers segment accounts for the largest share of around 20% in the market. The milling machine segment is expected to grow at the fastest CAGR owing to the lucrative expansion of metalworking process industries worldwide, which boosted the demand for milling machines.
By Automation Type,
CNC Machine Tools
Conventional Machine Tools
The CNC machine tools segment held the largest market share owing to the rising demand from companies in the manufacturing sector for product innovation and productivity improvements. The conventional machine tools segment is also expected to grow at a significant growth rate.
By Industry,
Automotive
Aerospace & Defense
Construction Equipment
Power & Energy
Industrial
Others
The automotive segment is anticipated to account for the largest market share. Increasing adoption of integration of technologies such as the Internet of Things, robotics, and Artificial Intelligence, among others, in the automotive sector is expected to contribute to the market growth. The industrial segment is anticipated to grow at the fastest CAGR of 4.5%.
By Sales Channel,
Dealers and Distributors
Events and Exhibitions
The dealers & distributors segment accounted for the largest market share. The presence of numerous dealers and distributors, such as Absolute Machine Tools, Inc. and Ellison Technologies, among others are expected to boost the market growth during the forecast period.
Regional Overview
On a regional basis, the global Machine Tools market is segmented into North America, Europe, Asia Pacific, Middle East, Africa, and South America.
The Asia Pacific region accounted for the largest market share of around 54% in the global market owing to the presence of fast-emerging economies such as China and India, which have initiatives such as Made in China 2025 and Make in India. Furthermore, the expanding construction sector in the region is also expected to boost market growth.
The European region is expected to hold the second-largest market share owing to the increasing demand for machine tools from industries such as oil & energy, automotive, and aerospace & defense, among others. In addition, North America is estimated to witness a significant growth rate.
Competitive Landscape
Key players operating in the global machine tools market include Ace Micromatic Group, AMADA Co., Ltd., CHIRON Group SE, Dalian Machine Tools Group Corporation, DMG MORI, Doosan Machine Tools Co. Ltd., Electronica Hitech Engineering Pvt. Ltd., FFG European & American Holdings GmbH, Georg Fischer Ltd, Gleason Corporation, GROB-WERKE GmbH & Co. KG, Haas Automation Inc., Hyundai WIA, INDEX-Werke GmbH & Co. KG, Hahn & Tessky, JTEKT Corporation, Komatsu Ltd., MAG IAS GmbH, Makino, Okuma Corporation, Schuler AG, Spinner Machine Tools, Trumpf, and Yamazaki Mazak Corporation, among others.
The cumulative market share of the sixteen major players is near about 31%. These market players are engaged in partnerships, new product launches, mergers & acquisitions to strengthen their market presence. For instance, in August 2020, the Chiron Group acquired Mecatis SA, a company dealing in small, high-precision machining centers, used in the medical, watchmaking, microengineering, and jewelry industry.
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The global Machine Tools market report answers questions such as:
What is the market size and forecast of the Global Machine Tools Market?
What are the inhibiting factors and impact of COVID-19 on the Global Machine Tools Market during the assessment period?
Which are the products/segments/applications/areas to invest in over the assessment period in the Global Machine Tools Market?
What is the competitive strategic window for opportunities in the Global Machine Tools Market?
What are the technology trends and regulatory frameworks in the Global Machine Tools Market?
What is the market share of the leading players in the Global Machine Tools Market?
What modes and strategic moves are considered favorable for entering the Global Machine Tools Market?
About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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https://site-7956203-7610-4210.mystrikingly.com/blog/saudi-arabia-third-party-logistics-market-size-share-industry-revenue-2021-2027
https://www.findit.com/bhfkzdwykcvyroq/RightNow/saudi-arabia-third-party-logistics-market-size-sharet/af4e5e04-c78e-453b-9a4c-d874b17b2f5b
https://marketanalysis65.blogspot.com/2022/08/saudi-arabia-third-party-logistics.html
https://medium.com/@enjoy9355/saudi-arabia-third-party-logistics-market-size-share-industry-revenue-2021-2027-ee68f428f44a
https://www.rolonet.com/blogs/104278/Saudi-Arabia-Third-Party-Logistics-Market-Size-Share-Industry-Revenue
https://likabout.com/blogs/186870/Saudi-Arabia-Third-Party-Logistics-Market-Size-Share-Industry-Revenue
https://techplanet.today/post/saudi-arabia-third-party-logistics-market-size-share-industry-revenue-2021-2027
https://www.vingle.net/posts/4665042
https://www.tadalive.com/blog/5345/saudi-arabia-third-party-logistics-market-size-share-industry-revenue-2021-/
https://alishroy988k.wixsite.com/astuteanalytica/post/saudi-arabia-third-party-logistics-market-size-share-industry-revenue-2021-2027
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The global linear vibration motor market was valued at USD 1,469.7 Million in 2021 and is projected to reach USD 2,498.0 Million by the year 2027. The market is expected to register a CAGR of 9.2% during the forecast period.
Linear vibration motors or linear resonant actuators are precision vibration motors that can produce an oscillating force across a single axis. The market is expected to be driven by continued growth in the adoption of smart wearables. The increasing adoption of smartphones and high demand for game devices is expected to boost the market growth. However, the low-cost alternative of eccentric rotating mass (ERM) vibration motor is anticipated to hinder the market growth.
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Growth Influencers:
Continued growth in the adoption of smart wearables
Manufacturing smart wearable requires linear vibration motors. These are majorly used for manufacturing smartphones. The rising adoption of smartphones globally is expected to boost market growth. Also, the adoption of smart wearables is increasing due to technological developments by market players. In addition, the number of the connected wearable device is anticipated to grow to more than 1.1 billion in 2022 as the world moves from 4G to 5G. All these factors are estimated to boost market growth.
Segments Overview:The global linear vibration motor market is segmented into product types and applications.
By Product Type,
Moving Magnet Type
Moving Iron Type
Moving Coil Type
The moving magnet type is expected to hold the largest market share by value owing to its rising demand in various industries. The moving iron type segment is estimated to grow at a CAGR of 8.2% during the forecast period.
By Applications,
Cellphones
Loudspeaker
Game Device
Others
Cellphones are expected to hold the largest share by value of 60% due to the rising demand for cellphones globally. The game device segment is estimated to cross a market volume of about 234 million units by 2027 owing t the rising popularity of game devices across the world.
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Regional Overview
On a regional basis, the global Linear vibration motor market is segmented into North America, Europe, Asia Pacific, Middle East, Africa, and South America.
The Asia Pacific region is expected to hold the largest volume share of about 63% owing to the presence of major market players in the region and the rising demand for linear vibration motors. The South American region is anticipated to surpass a market volume of 127.9 million units by 2027. The market in North America and Europe is also anticipated to grow at significant growth rates during the forecast period.
Competitive Landscape
Key players operating in the global Linear vibration motor market include Nidec Corporation, AAC Technologies, Samsung, KOTL, Sanyo, DMEGC, JAHWA, Baolong Electronic Groups, Tekceleo, NPF Motor, Oriental Motor, Jinlong Machinery & Electronics Co., Ltd, Saideep Technology, and Erbessd Instruments Technologies Inc, among others.
The cumulative market share of the seven major players is near about 63%. These market players are engaged in partnerships, new product launches, mergers & acquisitions to strengthen their market presence. For instance, in April 2020, Nidec Corporation an agreement with Secop Austria GmbH for acquiring its Delta production line through its Italy-based subsidiary of Nidec Global Appliance S.r.l and its Austrian company.
The global Linear vibration motor market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Linear vibration motor market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Linear vibration motor market report answers questions such as:
What is the market size and forecast of the Global Linear vibration motor Market?
What are the inhibiting factors and impact of COVID-19 on the Global Linear vibration motor Market during the assessment period?
Which are the products/segments/applications/areas to invest in over the assessment period in the Global Linear vibration motor Market?
What is the competitive strategic window for opportunities in the Global Linear vibration motor Market?
What are the technology trends and regulatory frameworks in the Global Linear vibration motor Market?
What is the market share of the leading players in the Global Linear vibration motor Market?
What modes and strategic moves are considered favorable for entering the Global Linear vibration motor Market?
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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https://waappitalk.com/read-blog/11589_saudi-arabia-third-party-logistics-market-size-share-industry-revenue-2021-2027.html
https://scrolllink.com/read-blog/22962_saudi-arabia-third-party-logistics-market-size-share-industry-revenue-2021-2027.html
https://eyeball.blog/read-blog/2760_saudi-arabia-third-party-logistics-market-size-share-industry-revenue-2021-2027.html
https://blackshare.net/blogs/213210/Saudi-Arabia-Third-Party-Logistics-Market-Size-Share-Industry-Revenue
https://anynote.co/read-blog/35520_saudi-arabia-third-party-logistics-market-size-share-industry-revenue-2021-2027.html
https://ekonty.com/read-blog/9117_saudi-arabia-third-party-logistics-market-size-share-industry-revenue-2021-2027.html
https://colective.net/read-blog/13452_saudi-arabia-third-party-logistics-market-size-share-industry-revenue-2021-2027.html
https://www.linkgeanie.com/news/saudi-arabia-third-party-logistics-market-size--share-industry-revenue-2021-2027
https://fortunetelleroracle.com/news/saudi-arabia-third-party-logistics-market-size--share-industry-revenue-2021-2027-636487
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Saudi Arabia third-party logistics market accounted for US$ 14.86 Bn in 2018 and is expected to grow at a CAGR of 9% over the forecast period 2021-2027, to account for US$ 26.40 Bn in 2027. The factors that are driving the growth of the third-party logistics market rise in demand for reducing overall operational cost & focus on managing timely delivery, and progressive growth of logistics industry in Saudi Arabia. However, the lesser control of manufacturers on logistics service and delivery processes is anticipated to hinder the third-party logistics market for same in the coming years. In addition, the increase in adoption of e-commerce in retail sector is expected to create a lucrative market opportunity for third-party logistics market. Some of the leading players in third-party logistics market are highly focusing on strategic market initiatives to enrich their product capabilities as well as to expand their geographical presence across the globe. This, in turn, is contributing to the growth of the third-party logistics market.
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The third-party logistics market is segmented on the basis of mode of transport, services, and end-user. The mode of transport segment is bifurcated into roadways, railways, waterways, and airways. The services segment of third-party logistics market includes, international transportation, warehousing, domestic transportation, inventory management, and others. The end-user segment consists of chemicals & petrochemicals, automotive, healthcare, retail, consumer goods, and others.
Some of the global leaders in third party logistics operate in the Saudi Arabia market. Services provided by these companies include full container logistics, half-filled container logistics, and cold storage logistics etc. The number of companies provisioning break bulk movement in the country has increased manifolds, and also the number of companies provisioning freight forwarding and clearance services has increased. Majority of the logistics services provider in the country provision full distribution solutions to the customers through different modes of transport. Post the decline of oil prices in Saudi Arabia, the Government has strived hard to redefine the economy of the country and reduce its dependency on the oil business. Industrialization in Saudi Arabia has witnessed steady development in the last few years as the focus has been laid on diversification of the economy. Saudi Arabia accounts for close to 25% of the world’s oil reserves. Even with declining oil prices, a large part of the economy of Saudi Arabia depends upon the performance of the crude oil industry. Saudi Arabia is a trade partner with many countries of the globe owing to the large oil reserves present in the country. The accessibility to emerging markets hands significant trade advantage to the country and highlights the need to strengthen the transportation and logistics infrastructure of country. Factors such as economic growth, rapid urbanization, and population maturation have driven the Government to invest heavily towards the expansion and enhancement of the transport infrastructure.
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The overall third-party logistics market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the third-party logistics market. It also provides the overview and forecast for the third-party logistics market based on all the segmentation provided with respect to Saudi Arabia. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the third-party logistics market. Some of the players present in third-party logistics market are C.H. Robinson Worldwide, Inc., CEVA Logistics AG, DB Schenker, Deutsche Post AG (DHL), Kuehne + Nagel International AG, Sankyu Inc., Saudi Logistics, United Warehouse Company Ltd., United Parcel Service, Inc., and Warehousing Projects and Logistics Company (WPL) among others.
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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Construction Software Market
Floor Coatings Market
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The report provides an overview of the global Smart Speaker Market including display-equipped smart speakers and analyzes market trends. Using 2020 as the base year, the report provides estimated market data for the forecast period 2021 through 2027.
Impact Analysis of COVID-19
In this report, market players in this field will receive insights regarding COVID-19’s impact post-COVID-19, which will provide a useful framework for evaluating strategies. The COVID-19 has affected a number of manufacturing operations and supply chains worldwide. As a result, the economy has been experiencing a recession and high inflation rates. Furthermore, the pandemic disrupted a number of industries’ international movements. Due to the labor shortage and the lack of logistics movement, the whole sector faced sustained challenges. Lockdowns have caused severe financial losses to end-user industries.
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Market Drivers
Increase in adoption of smart home technology is the key driving factors which are expected to boost the global smart speaker market growth. Furthermore, rise in popularity of smart speakers among customers will have positive impact on market growth. Moreover, continuous advancements in microphones, automated speech recognition, technology and natural language processing will help the speaker to identify the voice command of user will fuel the market growth. In addition to that, increase in consumer readiness to invest on latest technologies and rise in usage of smart devices which is expected to propel the global smart speaker market growth.
Market Restraints
However, Issues related range, compatibility, and power are the major restraining factors which are expected to hamper the global smart speaker market growth.
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Market Segmentation
Global Smart Speaker Market is segmented into intelligent virtual assistance such as Google Assistance, Amazon Alexa, Siri, Cortana, and Others, by end user such as Personal, and Commercial. Further, market is segmented into distribution channel such as Online and Offline.
Also, Global Smart Speaker Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as AMAZON, Alphabet, Alibaba, Apple, XIAOMI, Harman International, SONOS, BOSE, Lenovo, and Baidu.
Market Taxonomy
By Intelligence Virtual Assistance
Google Assistance
Amazon Alexa
Siri
Cortana
Others
By End-User
Personal
Commercial
By Distribution Channel
Online
Offline
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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https://scrolllink.com/read-blog/22025_medical-devices-market-share-size-growth-trends-industry-share-global-size-analy.html
https://eyeball.blog/read-blog/2741_medical-devices-market-share-size-growth-trends-industry-share-global-size-analy.html
https://blackshare.net/blogs/212969/Medical-Devices-Market-Share-Size-Growth-Trends-Industry-Share-Global
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https://ekonty.com/read-blog/8967_medical-devices-market-share-size-growth-trends-industry-analysis-by-forecast-20.html
https://colective.net/read-blog/13337_medical-devices-market-share-size-growth-trends-industry-analysis-by-forecast-20.html
https://www.linkgeanie.com/news/medical-devices-market-share--size--growth--trends--industry-analysis-by-forecast-2021-2027
https://fortunetelleroracle.com/news/medical-devices-market-share--size--growth--trends--industry-analysis-by-forecast-2021-2027-635278
https://site-7956203-7610-4210.mystrikingly.com/blog/medical-devices-market-share-size-growth-trends-industry-share-global
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The global Social CRM Software Market is estimated to grow from USD 2220 million in 2020 to USD 17920 million by 2027, at a CAGR of 15%. CRM software is used to manage an organization’s interactions with current and prospective customers. CRM is defined as a management concept aimed at creating, developing, and expanding customer relationships in order to optimize customer value, market profitability, and, eventually, shareholder value. The important part on consumer engagement, developing SMEs, social platforms, and the realization of the need of exchanging ideas in real time Enterprises are developing solutions for Social Monitoring, Social Listening, Social Middleware, Social Management, and Social Measurement in order to provide customers with the best in class customer experience.
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Market Segmentation Analysis
Based on the Deployment type, the market is segmented into On-premise, Hosted. On-premise segment has largest market share during the forecast period.
Based on the Deployment type, the market is segmented into Small and Medium businesses, Enterprises. Enterprises segment has largest market share during the forecast period
COVID-19 Impact on the Social CRM Software Market
Due to the global spread of COVID-19, businesses have either shut down or suffered considerable losses. The companies’ only alternative is to keep their clients, which may aid them throughout the shutdown. Furthermore, CRM software provides benefits such as customer mapping from initial contact discovery to post-purchase engagements, which are commonly overlooked by businesses. Furthermore, CRM software aids businesses by generating reports and providing useful information on previous consumer behavior data.
Regional Analysis
Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. Asia-Pacific is expected to have the largest revenue share. The rising demand for social CRM software in emerging economies such as China and India In order to provide best-in-class customer experience, various companies are developing solutions for social monitoring, social listening, social middleware, social management, and social assessment.
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Key Players
The key players profiled in Social CRM Software market analysis Microsoft, Oracle, Salesforce.com, Amdocs and IBM, Pegasystems, Inc., Salesforce.com, Inc., SAP SE, SugarCRM, Inc
Market Segmentation
By Deployment type
On-premise
Hosted
By end user
Small and Medium businesses
Enterprises
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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The global B2B E-Commerce Market held a market value of USD 8,523.3 Billion in 2021 and is projected to reach USD 18,771.4 Billion by the year 2027. The market is anticipated to grow at a CAGR of 14.1% from 2022 to 2027.
B2B E-Commerce or Business-to-Business E-Commerce is exchange of services, products, and information between businesses. B2B e-commerce is conducted between 2 companies, such as online retailers and wholesalers. The market is expected to be driven by the increasing popularity of specialized B2B online marketplace. Furthermore, increased focus on digital experiences and retail businesses are migrating to online operations are also estimated to fuel the market growth.
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Despite the driving factors, supply chain disruptions impacts B2B sales directly. Moreover, lack of standard solution along with political instability consideration impact B2B trade are also expected to hinder the market growth. During the COVID-19 pandemic, the market witnessed positive growth as businesses encouraged their online business activities to minimize physical contact.
Growth Influencers:
Increasing popularity of specialized B2B online marketplace
Specialized marketplace are vertical marketplaces, which are focused on small but specific well-defined population segments. These specialized marketplaces can be created in B2B in different verticals, such as metal, MRO, medical supplies, chemicals, and building materials, among others. Such specialized online marketplace in the B2B e-commerce industry are increasing, which is boosting the market growth.
Segments Overview:
The global B2B E-Commerce market is segmented into type, payment mode, and enterprise size.
By Type,
Cleaning Supplies
Hospitality Products
Industrial & MRO
IT Products
Office Supplies
Pantry Products
Others
The IT products is expected to account for the largest market share of around 26% owing to increasing adoption of B2B e-commerce in the IT industry. The pantry products segment is anticipated to witness the fastest growth rate of over 16%.
By Payment Mode,
Credit Card
Net Banking
Mobile Wallet Apps
Others
The net banking segment is estimated to hold the largest market share as it is used more as compared to other payment modes for business to business transactions. The mobile wallet apps segment is expected to grow at the fastest rate and is also expected to surpass a market size of USD 2,000 billion by 2026 due to increasing demand for digital payments.
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By Enterprise Size,
Small & Medium Enterprises
Large Enterprises
The small & medium enterprises segment is expected to hold the largest market share owing to growing demand for B2B e-commerce websites by these enterprises. The large enterprises segments market size was around 25% of the small & medium enterprises segment in 2021 and this share reached to 30% by 2027.
Regional Overview
By region, the global B2B E-Commerce market is divided into Asia Pacific, Europe, North America, Middle East & Africa, and South America.
The Asia Pacific region accounted for the largest market share and also witnessed the fastest growth rate owing to rising number of B2B companies adopting e-commerce platforms for growth in the region.
The South America region is anticipated to hold a market size of about USD 700 billion by 2027. Similar growth is expected to be register by North America and Europe as well owing to rising adoption of technologically advanced products in the region.
Competitive Landscape
Major players in the global B2B E-Commerce market include Alibaba, Amazon, Inc., ChinaAseanTrade, DIYTrade, eBay Inc., EC21, eworldtrade, Flipkart, Global Source, IndiaMART, InterMESH Ltd., KellySearch, KOMPASS, Thomasnet, and Other prominent players. The cumulative market share of the five major players is near about 58%.
These market players are engaged in mergers & acquisitions, collaborations, and new product launches, among other initiatives, to strengthen their market presence. For instance, in October 2021 Amazon launched a set of new tools for assisting third-party sellers in America to offer their products to Amazons 21 stores globally.
The global B2B E-Commerce market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global B2B E-Commerce market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global B2B E-Commerce market report answers questions such as:
What is the market size and forecast of the Global B2B E-Commerce Market?
What are the inhibiting factors and impact of COVID-19 on the Global B2B E-Commerce Market during the assessment period?
Which are the products/segments/applications/areas to invest in over the assessment period in the Global B2B E-Commerce Market?
What is the competitive strategic window for opportunities in the Global B2B E-Commerce Market?
What are the technology trends and regulatory frameworks in the Global B2B E-Commerce Market?
What is the market share of the leading players in the Global B2B E-Commerce Market?
What modes and strategic moves are considered favorable for entering the Global B2B E-Commerce Market?
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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