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According to a new report published by Allied Market Research, titled, “Display Market," The display market size was valued at $114.90 billion in 2021, and is estimated to reach $216.3 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.

The flat panel display segment was the highest revenue contributor to the market, in 2021, owing to wide application of flat panel display in smartphones, tablet, PCs, smart wearables, televisions & digital signage is fueling their demand.

As per the report published by Allied Market Research, the global IoT sensors marketgenerated $12.37 billion in 2020, and is projected to reach $141.80 billion by 2030, witnessing a CAGR of 28.1% from 2021 to 2030. The report provides a detailed analysis of major drivers & opportunities, key segments, investment pockets, competitive landscape, and key players.

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Avinash Savekar, a Lead Analyst, Semiconductor and Electronics, stated, "The global IoT sensors market is anticipated to grow at a significant rate during the forecast period, due to increase in the use of sensors in IoT applications, rise in the use of IoT sensors in automotive and industrial sectors, and increased demand for connected and wearable devices. On the other hand, data privacy and security-related concerns hamper the market growth. On the contrary, rise in demand for IoT sensors in smart cities creates lucrative market opportunities."

COVID-19 Scenario:

1. The pandemic significantly impacted consumers and economies as the majority of the manufacturing facilities worked at limited capacity.

2. Lockdown and travel restrictions affected the supply chain and caused a shortage of materials.

3. China banned the export of electronic components and semiconductor devices which affected the manufacturing industry.

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The global IoT sensor market is segmented on the basis of network technology, type, end-use, and region. By type, the gas sensor segment is anticipated to register the highest CAGR of 36.4% during the forecast period. On the other hand, the pressure sensor segment held the largest share in 2020, contributing to nearly one-fifth of the IoT sensors market.

By network technology, the wired segment dominated the market in 2020, attributing to more than half of the IoT sensors market. However, the wireless segment is anticipated to register the highest CAGR of 29.2% during the forecast period.

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By region, the IoT sensors market across Asia-Pacific held the largest share in 2020, contributing to nearly half of the market. The region is projected to portray the highest CAGR of 29.1% during the forecast period. However, North America held the second-largest share in 2020, holding more than one-fourth of the market.

Key leading players of the global IoT sensor market include Texas Instruments, NXP Semiconductors, OMRON Corporation, Murata Manufacturing Co., Ltd., Siemens, TE Connectivity, STMicroelectronics, Honeywell, Infineon Technologies, and General Electric.

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A lead analyst at AMR highlighted that the millimeter wave technology market in North America and Europe contributed to the largest share in 2019.

As per the report published by Allied Market Research, the global millimeter wave technology marketgenerated $369.9 million in 2019 and is expected to reach $3.88 billion by 2027, growing at a CAGR of 37.1% from 2020 to 2027. The report highlights the key segments, top investment pockets, growth by segmentation, and competitive scenario.

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The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Increase in testing of 5G technology in the U.S., South Korea, Japan, and China, surge in demand for smart devices, and growing usage of technology-based scanner systems at airports facilitate the growth of the global millimeter wave technology market.

On the other hand, adverse effects on the environment restrains the growth to some extent. However, rise in usage of the technology in the military & defense sector and surge in demand for autonomous vehicles are expected to offer multiple opportunities for the key players in the industry.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the millimeter wave technology market globally. Electronics manufacturing hubs were temporarily shut down to curb the COVID-19 spread among the individuals. This has significantly affected the supply chain of the semiconductor market by creating shortages of materials, components, and finished goods, thereby impacting the global millimeter wave technology market negatively, especially during the initial phase of the pandemic. However, as the global situation gets better, the market is expected to get back on track soon.

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“Millimeter wave technology is widely used in various industries that include telecommunication, military & defense, automotive, radio astronomy, commercial, transportation, and others for higher bandwidth, high internet speed, and secured transmission communication applications. The telecommunication industry currently experiences the highest demand for millimeter wave technology. Moreover, rise in focus toward adoption of imaging network devices and unmanned vehicles for security is expected to provide growth opportunities to the millimeter wave technology market players.” said Ankit Prajapati, Lead Analyst, Semiconductor and Electronics at Allied Market Research.

The report offers detailed segmentation of the global millimeter wave technology market based on application, product, component, license type, frequency, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.

By product, the telecommunication equipment segment contributed to the major share in 2019 and is anticipated to showcase a considerable CAGR of 74.6% by 2027. By application, the telecom & datacom industry accounted for the major share of $38.0 million in 2019. Based on frequency, on the other hand, the 24 GHz to 57 GHz frequency segment held more than $155.0 million of the global millimeter wave technology market revenue in 2019 and is expected to lead the trail by 2027. By region, North America and Europe held the largest share in the global millimeter wave technology market in 2019 and are expected to cite a significant growth throughout the forecast period.

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The leading market players analyzed in the global millimeter wave technology market report include L3 Technologies, Inc., Keysight Technologies, Millimeter Wave Products Inc., BridgeWave Communications (REMEC Broadband Wireless Networks), Hubei YJT Technology, Siklu Communication, NEC Corporation, CableFree: Wireless Excellence, Farran Technology, E-Band Communications, LLC, SAGE Millimeter, Inc., Denso Corporation, Fujitsu, Mitsubishi Electric Corporation, and MMW Biomedical.

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According to the report published by Allied Market Research, the global enterprise SSD market generated $17.85 billion in 2020, and is projected to reach $46.89 billion by 2030, witnessing a CAGR of 10.2% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Reduction in ASP of NAND flash memory, growing adoption of Data center applications, and Surge in investment in High-end cloud segment drive the growth of the global enterprise SSD market. Based on region, North America contributed to the highest share in terms of revenue in 2020, contributing to more than two-fifths of the total market share.

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Himanshu Jangra, a Lead Analyst, Semiconductor and Electronics at Allied Market Research, stated, “The global enterprise SSD market share is expected to witness considerable growth, owing to increase in demand for reliable, energy-efficient, and high input/output performance, especially in emerging economies such as Asia-Pacific and LAMEA. Furthermore, rise in adoption of high-end cloud computing technology by prime enterprise sector in these regions is anticipated to notably contribute toward the market growth”.

COVID-19 Scenario:

The outbreak of the Covid-19 pandemic hampered the global enterprise SSD market due to restrictions on international import & export and disrupted supply chain.

The industry faced several challenges such as lack of health & security resources, deliverables, and contractual obligations, due to which several companies postponed or canceled their projects to deal with the losses.

On the other hand, due to the global adoption of work from home culture, the demand for cloud computing solutions increased significantly. This is expected to boost the demand for enterprise SSDs.

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The report offers detailed segmentation of the global enterprise SSD market based on technology, storage, interface, by enterprise size,application, and region. Based on storage, the under 500GB segment held the highest market share in 2020, accounting for nearly three-fourths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the 500GB-3TB segment is estimated to register the highest CAGR of 12.6% from 2021 to 2030.

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Based on application, the data center servers segment held the highest market share in 2020, accounting for more than half of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is estimated to register the highest CAGR of 10.8% from 2021 to 2030.

Based on region, North America contributed to the highest share in terms of revenue in 2020, contributing to more than two-fifths of the total market share, and is estimated to continue its dominant share by 2030. However, Asia-Pacific region is projected to manifest the fastest CAGR of 12.2% during the forecast period.

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Major Market Players:

Intel Corporation

Micron Technology Inc.

SK Hynix Inc.

Kingston Technology Corp.

Samsung Electronics Co. Ltd.

Microsemi

Seagate Technology PLC

Viking Technology

Toshiba Corp

Western Digital Corp.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Contact Us:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

Toll Free: 1-800-792-5285

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975

Rise in modern-day communication technologies, surge in investments in proximity marketing, and increase in adoption of smart devices are the factors that drive the global smart beacon market growth.

As per the report published by Allied Market Research, the global smart beacon market generated $3.28 billion in 2020, and is estimated to reach $103.94 billion by 2030, witnessing a CAGR of 37.7% from 2021 to 2030. The report provides a detailed analysis of drivers & opportunities, key segments, competitive landscape, major investment pockets, and key players.

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Avinash Savekar, Lead Analyst, Semiconductor and Electronics at Allied Market Research, stated, "The worldwide smart beacon market size is expected to observe significant growth throughout the forecast period, attributing to the rise in advance communication technologies, rise in adoption of smart devices such as smartphones and tablets, and surge in investments in proximity marketing. In addition, increase in the organized retailing sector is projected to open new opportunities for the global smart beacon market.”

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COVID-19 Scenario:

1. The Covid-19 pandemic has impacted global economies due to workforce & travel restrictions, supply chain & production interruptions, and declined demand & spending across the global smart beacon market.

2. The global smart beacon market observed a decline in its growth due to postponed development projects.

3. The market witnessed rise in demand from the healthcare sector during the pandemic.

The key factors which propel the global smart beacon market growth are rise in advanced digital communication technologies, increase in investments in proximity marketing, and growth in the rate of adoption of smart devices. On the other hand, the lack of availability of technological resources and increase in concerns towards privacy & security hinder smart beacon market growth. However, increase in the organized retailing sector is expected to create many opportunities for the market.

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The report segments the global smart beacon market on the basis of standard type, end-use, connectivity, and region. On the basis of end use, the retail segment contributed more than half of the total market share in 2020, and is projected to dominate the market during the forecast period. However, the education segment is anticipated to maintain the highest CAGR of 49.3% from 2021 to 2030.

In terms of standard type, the iBeacon segment held the largest market share in 2020, holding nearly half of the total market share. However, the Eddystone segment is estimated to manifest the highest CAGR of 38.6% from 2021 to 2030.

Based on region, North America contributed to nearly half of the total market share in 2020, and is estimated to lead the market by 2030. However, Asia-Pacific is expected to witness the highest CAGR of 42.5% from 2021 to 2030.

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Key leading players of the Global smart beacon market include Fujitsu Components Ltd. (Japan), Kontakt.io (U.S.), Radius Networks (U.S.), Estimote (U.S.), Cisco System (U.S.), JAALEE Technology (China), Leantegra Inc. (U.S.), Accent Systems (Spain), HID Global (U.S.), and Sensoro Co. Ltd. (China).

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

Contact Us:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

Toll Free: 1-800-792-5285

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975

Portland.OR, Feb. 23, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global trade credit insurance market generated $9.38 billion 2019, and is anticipated to reach $18.14 billion by 2027, growing at a CAGR of 8.6% from 2020 to 2027.

Surge in focus toward mitigating risk regarding non-payment across several types of goods & services and expansion of trade in various regions that demand credit insurance drive the growth of the global trade credit insurance market. However, risk of non-payment by foreign buyers hampers the market growth. On the contrary, benefits such as sales support & account receivable support are expected to create lucrative opportunities for the market players in the future.

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Covid-19 scenario:

The Covid-19 and following lockdown resulted in uncertainty and protectionism in the global trade. Moreover, several regions imposed lockdown, which hampered business finances.

Thus, trade credit insurance products have gained momentum during the pandemic as it protects businesses from unforeseen circumstances.

Therefore, trade credit insurance products are gaining momentum during the pandemic situation. This, in turn, has become one of the major growth factors for the trade credit insurance industry during the global health crisis.

The global trade credit insurance market is segmented on the basis of component, enterprise size, application, coverage, industry vertical, and region.

Based on component, the products segment held the lion’s share in 2019, accounting for more than four-fifths of the total revenue. However, the services segment is estimated to manifest the highest CAGR of 10.6% during the forecast period.

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On the basis of enterprise size, the large enterprise segment dominated the market in 2019, contributing to around three-fourths of the market. However, the small enterprise segment is expected to register the highest CAGR of 12.3% during the forecast period.

The global trade credit insurance market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe held the largest share in 2019, accounting for nearly two-fifths of the market. However, the market across Asia-Pacific is estimated to register the fastest CAGR of 10.7% during the forecast period.

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The global trade credit insurance market report includes an in-depth analysis of the major market players such as American International Group Inc., Aon plc, Atradius N.V., Coface, Credendo, EULER HERMES, Export Development Canada, QBE Insurance (Australia) Ltd., SINOSURE, and Zurich.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.