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The POS software market valuation will reach an annual revenue of over USD 31 billion by 2032. The significant strides in the retail industry along with the increasing consumer spending capabilities have largely contributed to the higher volume of transactions and payments. Consequently, there is a stronger need for streamlining the retail operations as well as automating the transaction process whilst tracking important sales data. To that end, the industry is expected to witness massive momentum in the near future.

In addition to processing customer transactions as well as accepting payments, POS software market assists in updating inventory levels for retail establishments. In fact, it also comprises helpful tools, such as inventory management, sales reporting, and integrated loyalty programs. In light of their various benefits, leading technological entities are engaging in numerous inorganic strategic ventures for increased global penetration. Stating an example, in August 2022, Toshiba Tec opened a U.S. hub in Texas, Dallas for developing and marketing the point-of-sale software for retailers.

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POS software market is calling for significant deployment in restaurants for limiting manual labour and simplifying operations whilst processing transactions. Using a single point of sale system, hotel owners and managers are now able to easily manage all the restaurant operations associated with orders, bookings, inventory, and cash flow. To illustrate, Digirestro is an increasingly adopted digital restaurant POS system enabling hotels, restaurants, and cafe managers to smoothen their workflows and operations.

The advent of cloud technology is also supporting the demand for humble POS systems for complete restaurant management. The increasing integration of the software with various third-party applications, including online ordering, E-wallets, table reservations, and loyalty programs is also adding to the industry development.

The POS software market will witness significant expansion from the healthcare sector, given its increasing adoption for managing bills, invoicing, accounting, order taking, and delivery, among other applications. Equipped with a high-class touchscreen display, the POS systems offer the best touch response as well as good screen resolution for ensuring smooth readability. In recent years, mobile point of sale (MPOS) technology has grown extensively favoured as it offers faster inventory count and asset tracking in stores, supports checking-in registration counters, and provides inpatient care within hospital wards for medical supervision.

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Of late, the demand for retail POS software market is picking up a significant pace as it enables the retail staff to deliver higher service levels as well as build customer loyalty in omnichannel scenarios. Using this technology, retail businesses are now able to find information about products, accept payments, and create sales orders, whilst expeditiously delivering receipts. The software also provides information to the customers on product availability and pricing. There has also been a considerable influx of various advanced POS solutions for delivering functionality to manage inventory and customer profiles.

The advent of various new technologies is expected to make way for innovative POS terminals in a host of industries for minimizing human error when it comes to pricing adjustments. Increasing strides in POS innovation for providing hoteliers with compiling guest profiles and the benefits of payment option flexibility are other trends driving the growth of the POS software market.

The POS software market consists of top enterprises such as Block Inc, Fujitsu, NCR Corporation, Oracle Corporation, and Toast Inc., among others, which are engaging in innovative product development and launches

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The Global Automation testing market is slated to exhibit exponential growth through 2032 owing to the rising penetration of digital media, such as mobile devices for media streaming and online gaming, as well as digital payments.

The automation testing market has been segmented in terms of component, end-point interface, application, and region. Based on component, the industry has been classified into testing and services. Under services, the segment has been divided into advisory & consulting, planning & development, support & maintenance, documentation & training, implementation, and managed.

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In terms of application, the transportation & logistics segment is expected to depict over 10% CAGR through 2032. On the other hand, the healthcare & medical devices segment is projected to cross $5 billion in revenue by the end of 2032.

From the regional perspective, the North America automation testing market was worth more than $9 billion in 2022 and is speculated to observe sizable expansion through the forecast timespan on account of the mounting penetration of smart consumer products in the region. Similarly, the Middle East & Africa automation testing industry is poised to expand at over 10% CAGR between 2023 and 2032 due to the soaring demand for luxury vehicles and supercars in Dubai, Saudi Arabia, Kuwait, and Abu Dhabi.

Consumer electronics like smartphones, wearables, and laptops are becoming more digitalized, which has led to a significant increase in the demand for automation testing market services to improve the security, functionality, and performance of these products. For instance, in August 2021, Ranorex, the U.S.-based IT company, released its Studio 10.1, the latest version of the automated testing tool. The updated version added masking for the database login credentials in the manage data sources dialogue box and is an upgrade from the .NET 4.6.2 Framework to the .NET 4.8 Framework.

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The advisory and consulting segment registered a market share of more than 10% in 2022 and is anticipated to register substantial gains over the next 10 years as advisory and consulting services aid businesses in enhancing their quality assurance focus areas, including infrastructure, tools, and people, throughout the delivery lifecycle, which has supported the automation testing market expansion.

With respect to end-point interface, the automation testing market has been categorized into web, mobile, embedded software, cloud, and desktop. The web segment recorded a valuation of over $2 billion in 2022 and is set to showcase notable growth through the forecast period credited to the mounting demand for cross-Operating Systems (OS) testing as well as cross-browser testing over various sectors such as automotive, consumer electronics, e-commerce, and retail.

Meanwhile, the desktop segment held approximately 5% market share in 2022 and is estimated to witness steady growth over the review timeline owing to the rising sales of workstations, PCs, and desktops across the world.

Some of the major key players operating in the automation testing market include Accenture, Cognizant, IBM, TCS, Capgemini, Wipro, Tricentis, Qualitest, Eggplant, Cigniti Technologies Limited, CGI, Inc., and Atos SE.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

The Edge AI Market size is anticipated to surpass USD 70 billion in annual revenue by 2032, powered by the increasing prevalence of cybercrimes across the internet. The industry is expected to witness lucrative expansion, thanks to rapid technological advancements and the constantly rising adoption of IoT devices. With the increasing rate of industrialization worldwide, organizations from multiple industries are looking to enhance automation for improving processes, efficiency as well as safety. The influx of 5G solutions has further helped to improve the network performance for supporting and deploying different real-time AI applications.

Edge AI market is largely deployed not only in the healthcare sector from helping radiologists in identifying pathologies to carrying out the accurate diagnosis in hospitals, but also for driving automatic cars on highways. Smart farming, industrial manufacturing automation and pollination of plants are other benefits associated with this technology.

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In October 2021, NVIDIA joined forces with Microsoft for the introduction of ND A100 v4 VM GPU, which is integrated with the former’s A100 Tensor Core GPUs along with networking for enabling supercomputer-based AI as well as HPC workloads in cloud. This launch helped in delivering technology breakthroughs in the public cloud in intelligent edge along with AI research, for transforming global industries, comprising retail, manufacturing, and healthcare

Synaptics Incorporated, in September 2021, completed the acquisition of DSP Group in a $450 million deal for bringing a new voice and wireless functions into its IoT product portfolio. The new investment assisted in adding ultra-low power networking capabilities to make the products more attractive for customers in the security market given that the edge AI platform is targeting on-device voice and face biometrics uses.

In September 2022, NVIDIA rolled out its IGX Edge AI market computing platform to offer high-precision industry in secure autonomous systems while bringing advanced security as well as proactive safety to sensitive industries, like logistics, manufacturing, and healthcare. The newly launched platform advances human-machine collaboration and combines hardware and software, including NVIDIA IGX Orin, an energy-efficient and compact AI supercomputer for medical devices autonomous and industrial machines.

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In May 2022, Google’s platform for Edge AI, Coral signed an agreement with ASUS IoT for ramping up its manufacturing, distribution and support capabilities. Through this move, the latter with its vast global experience in electronics manufacturing will deliver Coral crucial resources to match the growing demands with consistent developments of new products for edge computing.

In essence, the edge AI market will foresee significant developments in the looming years, on account of the rising prominence of this technology amongst countless analysts and businesses. The deployment of edge AI solutions not only contributes to enhanced user experience and cost reductions but also provides significant improvements in response speeds and data security. The increasing usage of wearables for making payments as well as smart speakers for tracking exercise and sleep patterns will also add impetus to the technology demand in the near future. 

The list of contenders in the edge AI market solutions provider include Anagog Ltd., Amazon Web Services (AWS), Dell, Google (Alphabet Inc), Gorilla Technology Group, Huawei Technologies Co., Ltd., IBM Corporation, Imagimob AB, Intel Corporation, Microsoft Corporation, MediaTek Inc, Nvidia, Synaptics Incorporated, Qualcomm Technologies Inc., and Xilinx.

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The Virtual private network market will exceed USD 350 billion in annual valuation by 2032, propelled by the rising digitalization and the increasing frequency of cyberattacks worldwide. In this modern era outlined by the rising popularity of online video streaming apps, like Netflix, there is a burgeoning need for secure communications to protect the connection. The increasing usage of public Wi-Fi has sparked debates over the safe transmission of sensitive information.

With the influx of the COVID-19 pandemic, which steered multiple changes in work as well as the adoption of cloud, businesses are rapidly deploying next-generation VPNs. In addition to providing several benefits to organizations, such as secured connectivity, access control and simplified distributed networks, these solutions offer cost reduction to support remote workers and sites.

Considering these benefits, several leading solution providers of virtual private network market are actively essaying inorganic marketing ventures for extending their offerings to embrace the increasing application demands. To illustrate, in August 2021, Google One extended Google VPN, its VPN service across seven new countries, including Italy, Spain, France, Germany, the U.K., Mexico and Canada. Not to mention, this network service allows users to surf the internet and protect their identities as well as user details, like IP addresses.

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The hardware is best suited for use in enterprises that have large budgets, and dedicated teams for handling all the maintenance and upkeep. It is primarily a virtual private network market that is based on a single stand-alone device which comprises a dedicated processor to manage functions, such as authentication and encryption. It is largely favored for its ability to protect multiple devices at once, offering a secure dedicated IP address and enabling a strong firewall web security layer. In fact, the built-in security features of the hardware assist organizations that require extra data security on the network connections.

The demand for software virtual private network market is expected to substantially increase in the coming years as they are found to be more affordable, easy to install and scale better as opposed to their hardware counterparts. The popularity of this technology is significantly soaring as it lets users create a secure and encrypted connection over a computer network, like the Internet. No initial investment and lower ongoing costs are some other benefits associated with these components.

The increasing number of service providers worldwide to help internet users worldwide to guard their online identities will positively influence the growth of the VPN market. In October 2022, Google announced its plans to offer free services for letting Pixel 7 users stay anonymous on the web. This rising emphasis laid by major market players will play a key role in the demand for virtual private network market services.

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In the forthcoming years, the growing regulatory support is expected to add impetus to market development. For instance, in May 2022, the Indian IT Ministry ordered virtual private network market companies to collect as well as store users’ data for at least five years. The broadening stream of innovative new technologies, including zero-trust models and software-defined perimeters, will also greatly influence the future of VPNs.

Some of the contenders in the virtual private network market are Cisco Systems, Inc., Golden Frog GmbH, Google LLC., IBM Corporation, Juniper Networks, Microsoft Corporation, and Mudhook Marketing, Inc., among others. Many players predominantly rely on frequent product innovations to stay ahead of competition.

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Fleet Management Market size would surge beyond USD 70 billion by 2032. It is defined as the supervision, procurement, and maintenance of vehicles, driver safety, vehicular equipment, and associated costs of the retainment of vehicles. Moreover, industry solutions and software can enable fleet managers to streamline and automate various aspects of day-to-day business processes related to industry effectively and accurately.

The concept of connected cars and an increase in the sales of commercial vehicles worldwide are taking the automotive industry by storm. To this end, the management of fleet of connected cars has become quite crucial. This is where fleet management market solutions come into the picture.

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Artificial intelligence is starting to gain significant traction in the fleet management market landscape. Fleet managers have come to terms that AI is meant to assist in making their roles highly productive and more streamlined, and not replace them.

Some of the prominent advantages of fleet management market include:

AI-based fleet management market platforms deliver the same level of accuracy, accessibility, and speed to the logistics, mobility, and transportation industry, making the transport of goods and people faster, more economical, and safer. With AI in radar, industry companies also have access to visibility and insights into challenges that help with:

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Cloud-based tools are now leading the transition toward an advanced and enhanced fleet management market landscape as technology is becoming more deeply embedded in corporate operations and functions. Reasons why cloud-based technology is highly critical for fleet manager, include:

Besides, advantages that have enabled a push toward cloud market solutions are:

To sum up, the technological revolution including the emergence of AI, IoT, and cloud computing is opening new growth opportunities for fleet management market players. In addition, increasing production and sales of commercial vehicles for logistics and transportation purposes subject to expanding urbanization, is propelling the market growth.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

AI engineering market is taking shape as a discipline already across various organizations and sectors including healthcare, retail, IT and telecom, education, and others. Artificial intelligence has been advancing as one of the most disruptive technology categories in the current era. This can be attributed to the developments in computing power, speed, capacity, and data diversity, in line with the further evolution of deep neural networks.

The growth is probably fueling demand for talent in related disciplines, including artificial intelligence engineering. For the record, AI engineering market is the use of computer programming, algorithms, neural networks, and other technologies to create AI systems in accordance with human needs for mission outcomes. Moreover, industry provides organizations with a framework to address the bottlenecks.

To illustrate, in July 2021, the U.S. Department of Agriculture’s National Institute of Food and Agriculture and the U.S. NSF declared a USD 220 million investment in 11 new Artificial Intelligence Research Institutes. This capital would enable the organizations to pursue transformational advances in a range of science and engineering fields and economic sectors, right from food system security to next-gen edge networks.

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The demand for AI engineering market in the retail sector has just skyrocketed. As per credible reports, the retail use of AI grew by 600% in two years. Besides, almost 15% of the companies have reported spearheading the adoption and investment in AI, while 1 in 4 large retailers have claimed to use their IT budgets to invest 10% on AI systems.

These investments come in line with the benefits AI has to offer to the retail industry. Ways in which AI has transformed the retail experience include:

There is great optimism that the use of AI engineering market can deliver significant improvements in all areas of healthcare from diagnosis to treatment. The approach is also able to aid in drug design, drug repurposing, chemical synthesis, and drug screening. AI has made a big step forward for several healthcare organizations by allowing them to predict which treatment options would be best suited for patients based on their characteristics and the treatment framework.

AI engineering market has already depicted excellent results in the healthcare field for analyzing medical images or correlating symptoms from EMRs. Additionally, the healthcare ecosystem is also realizing the importance of AI tools in next-gen healthcare technology.

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The advent of technology has revolutionized the banking sector enabling the clients’ expectations to grow. A massive transition to online platforms has raised contention for a more satisfactory user interface. In lieu of these transformations, AI in banking and financial services is gaining increased traction as banking institutions can now understand the importance of automation for critical operations.

Benefits that AI engineering market can have on the banking sector:

Also, nearly 85% of industry analysts believe that AI in banking could add some advantages and meaning to their organizations and enterprise processes in the ensuing years.

The strategic landscape of the AI engineering market is foreseen to witness rigorous R&D projects for product development, along with collaboration among market players with end-users, to gain a competitive edge in the market. Some of the key companies profiled in the AI engineering market report include Salesforce.com Inc., Alphabet Inc., IBM Corp., Intel Corp., Baidu Inc., Oracle Corp., Meta Platforms Inc., Siemens AG, Cisco Systems, Inc., and Nvidia Corp., among others.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

The Digital Twin Market is experiencing a significant boom, thanks to the sweeping technological advancements and the rapid deployment of IoT (Internet of Things). With the rising rate of industrialization, most companies are heavily relying on simulations for identifying optimization opportunities. There is also a thriving need for product developments for offering improved operational performance.

To that end, the demand for digital twin market technology has picked up massive momentum as it helps create an exact virtual replica of physical objects, and assets, as well as systems for boosting productivity, streamlining operations and increasing profits. In fact, the increasing digitization and adoption of IoT have made it easier for businesses to build accurate industry.

In light of these factors, several leading solution providers are placing targeted efforts on bringing innovations through collaborative strategies to increase their global presence and customer base. To illustrate, in October 2022, Capgemini partnered with Microsoft to introduce ReflectIOD, the first-ever, serverless and cloud-native Azure-based digital twin market platform. Deployed with the latest architecture and technological components, this secure and highly scalable platform helps transform the operations and maintenance efficiency of organizations to drive sustainable business value.

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The manufacturing sector makes optimum use of digital twin market technology for several applications, including process optimization and quality management. These solutions when used in manufacturing processes help to identify variances that depict the need for preventative repairs and maintenance before serious problems. They also assist in optimizing the load levels, tool calibration, and cycle times.

Digital twin market are also largely deployed for product designing as they enable cost and time savings by reducing the number of iterations that are required for production. In April 2022, Oracle Cloud Infrastructure collaborated with Maplesoft partnership for creating a virtual environment for advanced and real-time asset monitoring for several industries, like manufacturing.

The digital twin market is expected to gain traction across the healthcare industry, driven by its rising utilization for building digital representations of healthcare data, including hospital environments, human physiology and lab results through computer models. Industry is also largely favored as they allow physicians to deploy digital care and clinical decision-support solutions and help in intelligently modelling the best course of treatment at the point of care. The rising demand for personalized medicine will also add to the technology preference in the coming years.

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The adoption of industry is soaring to new heights across the automotive industry as this technology allows simulating and validation of each step in the development for identifying problems and possible failures before manufacturing the real parts. In fact, digital twin market are utilized for producing the virtual model of connected vehicles. This can be mainly attributed to their ability to capture the behavioral and operational data of vehicles and analyze the overall vehicle performance for delivering personalized service to customers.

In the years to follow, the digital twin market will witness expansion with the increasing efforts essayed on increasing the application scope of this technology. For instance, in October 2022, Accenture collaborated with Mars, a well-known food, and pet care products as well as service provider, for transforming and modernizing its global manufacturing operations with AI (artificial intelligence), edge technology and cloud.

Some of the top shareholders operating in the digital twin market include AVEVA Inc., ABB Group, Ansys Inc., Bosch Rexroth AG, Accenture Plc, Schneider Electric Inc., Microsoft Corporation, IBM Corporation, Autodesk Inc., TIBCO Software Inc., Infosys Ltd., Capgemini SE, Rockwell Automation, Oracle Corporation, Siemens AG, and Wipro Ltd., among other companies. To fortify their market standing, these businesses frequently engage in strategic initiatives, including collaborations and expansion of their product portfolios.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Global 3D rendering market is estimated to cross a valuation of US$20 billion by 2030. Tech firms across the globe are introducing advanced versions of solutions to make it easier for clients to design and visualize their final product. Advantages, such as ease in adjusting textures, materials, & lighting and facilitating better explanation of concepts and designs will further enhance the software demand.

3D rendering market share is anticipated to grow at a promising rate due to the rising adoption of futuristic technologies in a wide range of sectors. For instance, the construction sector is increasingly using solutions to give their clients an overview of the design and structure of various buildings.

Apart from construction, entertainment, healthcare, automotive, and manufacturing sectors are some of the major users of software. The software enables these end-users to explore a limitless variety of options before finalizing a design or structure. It helps architects, marketers, and builders save money and time on travel, furniture, props, and interior designers.

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The usage of 3D imaging software has grown significantly in the education sector in recent years, especially during the COVID-19 outbreak in 2020-2021. Millions of students across the world were forced to switch to online classes. It gave software developers a unique yet profitable opportunity to create applications that use 3D animation to better explain complex subjects.

Edtech companies like Byju’s witnessed a major spike in their revenue margins during this period. In fact, edtech startups across India raised an astounding US$4.7 billion in funding, becoming the third-most funded sector in 2021. 3D rendering solutions give these firms the liberty to experiment with different designs to make online classes more engaging.

Enhancing the buying experience of customers has prompted companies to boost their investments in innovative technologies, such as 3D imaging and designing. Using 3D rendering market software allows firms to avoid unnecessary expenses associated with the creation of multiple prototypes. They can also easily identify flaws in their product design and rectify them accordingly before starting the actual production.

Organizations are launching updated versions of their 3D imaging software to equip manufacturers with better technologies while designing their products. For example, American computer software company PTC launched an advanced version of its CAD software CREO in May 2022, called the CREO 9. The latest software will enable creators to make better designs in lesser time. The new functions in the software will make it easier for users to divide the design surfaces, which will improve their analysis and product definition.

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Growing investments by regional governments across the construction sector will bolster Latin America 3D rendering market forecast. In June 2022, the Inter-American Development Bank (IDB) announced that it had approved an infrastructure loan worth US$150 million to foster Brazil’s inclusive and sustainable development.

Such investments in public infrastructure will urge companies to use 3D rendering market applications to create a hyper-realistic design of buildings and transportation routes. The apps will help architects and builders identify faults in their designs & structures and make corrections without incurring unnecessary expenditures.

The industry will showcase continuous expansion as more sectors are showing their inclination towards 3D imaging and designing solutions. The media & entertainment industry has shown high potential for this market to flourish as customers are demanding engaging content. Ad agencies are also employing skilled 3D artists to create eye-catching content that will not only help companies boost their product sales, but also retain their customers’ loyalty.

Some of the top shareholders operating in the 3D rendering market include Easy Render, Foundry Visionmongers Ltd, Keyshot, MAP Systems, Maxon Computer, Next Limit Technologies, NVIDIA Corporation, Pixologic Inc., SideFX (Houdini), Tesla Outsourcing Services, Trimble Inc., Adobe Inc., Act-3D B.V. (Lumion), Blender, BluEntCAD, Chaos Software, Christie Digital Systems USA, Inc., and Autodesk Inc. Some of these firms are focusing on launching key products to expand their portfolio and reinforce their market position.

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The SCADA market is anticipated to surpass USD 85 billion in revenue by 2030. Industry is displaying a steady recovery from the downfall witnessed during the COVID-19 pandemic due to disruptions in manufacturing processes. The resumption of business operations as a result of shifting consumer preferences and lifestyle changes, along with declining cases, has, however, augmented the consumption of premium commodities, automotive products, and advanced vehicles, thereby proliferating the demand for SCADA systems among operators to access actionable data.

The SCADA market technology is utilized in electricity generation, water management, insulation in buildings, the oil & gas space, and the food & beverage industry, among others. Furthermore, burgeoning demand for automated technologies has pushed the penetration of such technologies for managing production processes, especially in the oil & gas sector, which provides operators the ability to monitor pipelines and gas well production.

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The end of the COVID-19 pandemic brought prominent changes in the R&D outlook across the healthcare sector. The growing awareness among firms has boosted the uptake of SCADA market systems in the manufacturing and industrial sectors. Many industry players have been innovating new products to offer increased efficacy to consumers, which is slated to impel business growth.

For instance, in October 2022, Delta Electronics Inc., a Taiwanese manufacturing company, upgraded two of its products, including its DIAView SCADA market software version V3.7, and announced the integration of Industrial PPCs to its DIAVH series. The combination of the two products is set to deliver easy connectivity of IIoT and improve performance by extending the existing 4GB RAM with an additional 8GB of RAM.

The mounting need for effective software that provides real-time data and delivers high performance has encouraged varied emerging nations to adopt SCADA market systems for power generation facilities. The supervisory control and data acquisition systems assist operators in decreasing downtime while allowing proactive maintenance, which is increasing the use of SCADA software in these facilities.

To cite an instance, in July 2022, Madan Singh Dabur, Engineer in Chief of the Water Resource Department of India, announced the installation of the SCADA system under the National Hydrology Project at Tawa Dam and Barna Dam. This installation was intended to provide real-time information as well as support remote monitoring of water levels and make dam management more transparent.

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Burgeoning initiatives undertaken by governments for improving infrastructural connectivity with digital technology have fostered the SCADA market outlook in the construction sector. Many developed countries are installing software to boost the operational quality of public service facilities and buildings, thereby investing heavily in the installation of these systems.

For instance, in September 2022, the Government of Denmark invested around USD 9.2 million in a system manufactured by AFRY, an engineering and design specialist, in the construction of the Nordhavn tunnel. This tunnel is one of the largest infrastructure projects in Copenhagen, wherein the SCADA system would offer high-level supervision to acquire information & data regarding incidents, technical errors, and safety protocols.

Global SCADA Market growth will be positively affected by the notable presence of reputed organizations, such as ABB Ltd., Emerson Electric Co., Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, Omron Corporation, Yokogawa Electric Corporation, Mitsubishi Electric, Honeywell International Inc., and Toshiba Infrastructure Systems & Solutions Corporation.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Infrastructure as Code Market is a tool that allows organizations to avoid physical hardware configuration to manage IT infrastructure and resources. Manual processes that are traditionally performed across data centers are largely labor-intensive, error-prone, and time-consuming. The increasing dependency and need to maintain IT infrastructure have fostered the adoption of IaC tools and services across businesses.

The infrastructure as code market size is likely to reach over USD 3.5 billion by 2030. With the introduction of cloud platforms such as Microsoft Azure, Amazon Web Services, and Google Cloud Platform, companies are utilizing advanced IaC solutions to maintain efficiency & minimize risk. In December 2021, Red Hat Inc. introduced the Red Hat Ansible Automation Platform on Microsoft Azure. With hybrid cloud automation, customers can focus on complex scenarios such as application provisioning, IaC, network automation, and security orchestration.

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The ongoing digital transformation trends and race to equip businesses with next-generation automated systems have encouraged large-scale organizations to adopt digital infrastructure (DI). Companies are dynamically transitioning to DI with the aim of maximizing profitability, enhancing security, improving operations, reducing costs, and delivering superior customer experience.

New government initiatives favoring the digitization of IT infrastructure for building a digital economy will boost demand for infrastructure as code market tools. As per data represented at the Global Digital Economy Conference & China Computation Power Conference, the digital economy of China witnessed a 15.9% growth between 2012 and 2022.

Government organizations are teaming up with industry players to provide novel solutions to customers. In May 2022, Amazon Web Services (AWS) announced the availability of Department of Defense (DoD) Cloud IaC for AWS, which operates as a guideline for defense mission owners to create scalable and secure cloud environments.

Immutable industry is a potential tool that could revolutionize infrastructure with the help of virtualization. It uses cloud computing to virtualize software as well as hardware, enabling businesses to streamline provisioning and eliminate the need for obsolete hardware at the time of upgradation. It ensures immediate provisioning of infrastructure based on new requirements and removes old infrastructure as code market.

Rapid adoption of DevOps to alleviate operational challenges will necessitate the demand for advanced infrastructure. Immutable infrastructure as code market helps businesses create consistent environments that support the deployment and testing of automated systems, thus accelerating the DevOps process by preventing delays in the pipeline.

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5G has emerged as an advanced communication technology for the IT and Telecom sector worldwide. With advancements in cloud-native design & 5G core, several communication service providers (CSPs), and telecommunication vendors are working towards delivering superior customer experience. In order to tap into the full potential of 5G capabilities, CSPs are accelerating the automation of infrastructures.

Telecommunication providers are seeking infrastructure as code market along with continuous integration (CI), and continuous delivery (CD) to boost validation, deployment, and service delivery. Robust investments from telecom giants in the development of advanced infrastructure for 5G will increase demand for IaC. According to the Global System for Mobile Communications Association (GSMA), telecom majors in India are projected to infuse around USD 19.5 billion in 5G infrastructure by 2025.

Global infrastructure as code market growth will be positively affected by the notable presence of reputed organizations, such as Amazon.com, Inc., Microsoft Corporation, Google LLC, IBM Corporation

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The global low power wide area network market is slated to expand positively through 2032 owing to the surging initiatives taken by industry players for the development of LPWAN solutions.

The leading enterprises in low power wide area network market place a strong emphasis on industry consortiums to boost technological know-how and promote industrial development. For instance, in January 2021, STMicroelectronics joined the ZETA Alliance, a commercial alliance specializing in LPWAN technologies. The company concentrated on developing technological know-how through this collaboration for low-power smart applications as well as supporting cutting-edge product innovations for long-range IoT connectivity.

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Based on component, the service segment is expected to grow exponentially over the review timeline due to the increasing requirement for businesses to manage their daily operations and secure their IT networks.

With respect to service, the professional service segment held a major chunk of the market share and captured 65% revenue share in 2022. The segment is projected to grow through the forecast timeframe as they aid firms with low power wide area network market optimization and planning.

In terms of the deployment model, the on-premise segment is poised to expand steadily by the end of 2032. The segmental growth is anticipated to rise as on-premise low power wide area network market enables companies to set up and administer their own LPWAN for IoT-based solutions. They are able to control every component of the network, including LORA gateways and network servers.

Based on application, the smart buildings segment is anticipated to record exponential growth with a 55% CAGR from 2023 to 2032. The rise in demand for low power wide area network market technologies to offer more energy-efficient connections in big, dense locations is expected to foster industry growth. LoRa technology is frequently utilized to provide IoT connectivity for smart buildings.

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Meanwhile, the livestock monitoring segment witnessed 10% market share in 2022 and is set to grow modestly over the research period. The IoT is becoming more widely used in the agriculture sector to improve crop yields and foster livestock health through remote monitoring. Farmers can learn about the health of their cattle through the tracking and monitoring of livestock in pastures in real-time, which is likely to boost segmental growth.

With respect to end-use, the manufacturing segment is speculated to expand exceptionally through the analysis timeframe driven by the productivity and efficiency of IoT platforms. To balance supply and demand, improve industrial procedures, and save waste, smart processes are becoming increasingly important.

From the regional perspective, the Asia Pacific low power wide area network industry is estimated to witness 55% CAGR from 2023 to 2032. The region's low power wide area network market is expanding because of the rise in smart city adoption, the development of Industry 4.0, and government initiatives for digital transformation. China has chosen 200 locations to test out smart city initiatives as part of its current smart city strategy.

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The Digital Lending Platforms Market is anticipated to record sizeable growth over 2032. Digital lending and digital mortgage have emerged as prominent concepts in the field of online banking. Over the past few years, the financial sector has undergone rapid digitization with the emergence of novel banking needs.

Digital mortgage is rapidly replacing traditional loan processing systems as it provides a holistic experience to lenders as well as borrowers. Lenders are increasingly implementing modern digital mortgage strategies across targeted marketing, auditing, loan closing, and lead generation activities. Owing to the ease and level of sophistication, a combination of hyper-automated tools, big data analytics, and real-time digital mortgage applications are gaining demand among businesses.

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In November 2022, Navi Technologies, an Indian financial service provider, unveiled its cloud-based real-time co-lending platform, called Navi Lending Cloud (NLC). The platform aims to support direct assignment collaboration and digital management co-lending with banks and NBFCs.

Based on solution, Point of Sale (POS) systems held more than a 10% share of the digital lending platform market in 2022. POS systems enable lenders to source and validate documents and e-signatures of credit customers and facilitate conditional decisions instantly. Advancements in mortgage POS systems allow lenders to process loans more efficiently and manage large volumes of data regarding lending rates, borrower behavior, and risks.

In terms of service, the digital lending platform market share from design & implementation is anticipated to record over 21.5% CAGR from 2023-2032. Design and implementation service providers are expected to address the growing need for robust and validated digital asset management processes. Technological advancements and rapid integration of artificial intelligence (AI) will enable the automation of services pertaining to the design & implementation of industry.

By deployment, the market landscape is fragmented into cloud and on-premise deployment. The cloud segment is projected to exhibit over 20% CAGR through 2032. Due to low maintenance features and cost-effectiveness, cloud-based digital lending is picking up pace. Increasing demand for fast processing, documentation storage, and reduced cost and time consumption associated with loan processing will proliferate cloud-based digital lending platform market.

With regards to the business model, the industry is segregated into staff-driven, and customer driven. The staff-driven segment is expected to witness promising growth between 2023-2032. Digital lending platform market cater to staff needs including loan disbursement, customer acquisition, and repayment. Growing end-user requirements to reduce the risk of fraud, and improve loan processing efficiencies will accelerate the segment growth.

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Based on product, mortgage loan accounted for more than 15% share of the digital lending platform market in 2022. Large mortgage banks are increasingly implementing digital strategies and technologies to boost the traction of credit seekers for mortgage loan. Digital mortgage solutions reduce costs per loan, allowing considerable savings. The influx of smart technologies will advance the capabilities of mortgage lifecycles on industry.

From a regional perspective, North America digital lending platform market share was more than 38% in 2022. Rapid digitization of banking services in the region has resulted in the acquisition of open-banking platforms. A large number of fintech giants in the U.S. and Canada are ramping up efforts to digitize lending processes and safeguard financial services. For instance, in September 2022, J.P. Morgan announced plans to acquire Renovite Technologies, Inc., a cloud-native payments technology firm to modernize payment infrastructure.

Global Digital Lending Platform Market growth will be positively affected by the notable presence of reputed organizations, such as Base-Net Informatik AG, ARGO Data Resource Corporation, Built Technologies, Inc., Decimal Technologies Pvt. Ltd., and CU Direct

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The global international wholesale voice carrier market is slated to expand exponentially through 2032 owing to the surging preference for VoIP devices and smartphones.

Global smartphone adoption is increasing, opening up new options for wholesale voice providers to handle the huge VoIP demand these smart devices are driving. The market for smartphones has seen humongous expansion with the adoption rate touching new heights, more VoIP traffic is being produced through data-intensive voice calling apps and mobile internet use.

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For instance, in October 2021, Nokia debuted its first fixed wireless connectivity broadband gateway. This gateway was created to work with the local 5G specification for Japan. The Nokia 5G gateway 3.2 will fulfill the requirements of the regional 5G band, which will support the regional 5G government program for digital transformation.

Based on service, the interconnect billing segment registered more than $5 billion revenue in 2022. The need for interconnect billing services among telecom operators and the international wholesale voice carrier market rapid development is expected to propel segmental growth through the review timeline.

With respect to transmission, the owned segment is set to witness exceptional growth by the end of 2032 due to the rising telecom operator investments in infrastructure expansion and rising demand for fiber optics. Major telecom operators around the world are concentrating on growing their telecom infrastructures and making significant investments to scale up their network backbone.

In terms of technology, the traditional switching segment is poised to expand steadily through the forecast period credited to the surging deployment of international business calling services as well as the rising consumer spending are proliferating segmental growth. A telecommunications network is implemented using the traditional switching or circuit switching technique, which requires that two network nodes first create a dedicated communications channel (circuit) within the network in order to connect.

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From the regional perspective, the Europe international wholesale voice carrier industry was valued at over $7 billion in 2022. The expansion of 5G network services and regulatory measures to examine mobile termination rates are expected to drive the region's wholesale voice carrier market trends over the research timeline.

Meanwhile, the Latin America international wholesale voice carrier market is estimated to amass more than $6 billion in revenue by 2032. Growing regional wireless infrastructure and the introduction of voice services are both factors in Latin America's market expansion. Since most of the countries are developing ones, there has been a significant increase in the use of new technologies, which is likely to foster regional growth over the analysis timeframe.

Some of the major players operating in the international wholesale voice carrier market include Alepo, AT & T, Inc., BCE Nexxia Corporation, Bharti Airtel Ltd., BT Group Plc, CenturyLink, Inc., CITIC Telecom International Holdings Limited, Deutsche Telekom AG, Emirates Telecommunication Group Company PJSC (Etisalat), NTT Corporation, Orange SA, Singapore Telecommunications Limited, Sprint (T-Mobile), Tata Communications Ltd., Telefonica SA, Telenor ASA, Telstra Corporation Ltd., Verizon Communications Inc., and Vodafone Group Plc.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

The global software-defined wide area network market is poised to witness robust growth through 2032 credited to surging business responsiveness and agility.

5G is becoming more and more popular because of the demand for economical and flexible network management. The development of 5G networks and increasing investment in them will increase demand for software-defined wide area network market products. A 5G-optimized software-defined wide area network solution will be made available, according to a November 2022 announcement from Cradlepoint, a provider of LTE and 5G wireless network solutions. The new solution, which is a component of NetCloud Exchange, an expansion of Cradlepoint's NetCloud system that integrates security, Zero Trust, as well as SD-WAN into a Wireless WAN architecture, bridges the gap between businesses and network operators.

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Based on solution, the virtual appliance segment is expected to grow at 70% CAGR from 2023 to 2032. The demand for virtual appliances is likely to rise throughout the forecast period, as most enterprises shift their burden to the cloud to allow centralized network management as well as improve performance.

With respect to deployment mode, the cloud segment is speculated to flourish strongly throughout the forecast period because it frees businesses from having to purchase and manage on-premises IT resources and allows for scalability to match workload and user demands.

In terms of application, the healthcare segment is projected to propel steadily over the research period since IT departments are implementing software-defined wide area network market solutions to obtain visibility throughout the entire network and enhance network management as healthcare networks become more complex.

Meanwhile, the manufacturing segment is estimated to register high gains by the end of 2032 attributed to the increase in linked devices. Operators must make sure that all of the machines and tools are synchronized with one another due to the increase in production processes and techniques.

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From the regional perspective, Europe held a 20% market share in 2022. The region's demand for SDN solutions is being driven by growing digitization and a high level of subscriber penetration. In addition, 5G services are being quickly adopted in the area. As a result, data traffic volume increases, which is expected to fuel market expansion through the forthcoming years.

In the meantime, the Middle East & Africa software-defined wide area network market is anticipated to garner 70% CAGR from 2023 to 2032. Given the widespread absence of broadband infrastructure in the region, the MEA is quickly moving toward advanced mobile broadband services, with the rising popularity of smartphones playing a critical role in delivering internet access.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Global Public Key Infrastructure Market share is expected to grow substantially through 2032 due to the increasing concerns related to safeguarding intellectual property assets.

To protect their Intellectual Property (IP) assets, such as design data and product development information, companies are putting more and more emphasis on using PKI. Unencrypted data can result in data leaks and thefts, putting financial pressure on businesses trying to resolve patent disputes.

Prominent public key infrastructure market players are effortlessly working on introducing innovations in the market to gain a competitive edge over others. For instance, in May 2021, WISeKey collaborated with Ocean Protocol (Ocean), a decentralized exchange protocol that unlocks AI data, to develop TrustedNFT.io. The alliance enables WISeKey to increase its visibility in the NFT sector.

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Based on service, the managed service segment is anticipated to propel at more than 27.5% CAGR from 2023 to 2032. Managed services minimize the need to deploy new software components and aid in the reduction of operational costs, thus driving the public key infrastructure market growth.

With respect to organization size, the large enterprises segment is speculated to expand positively over the review years credited to the growing trend of Bring Your Own Devices (BYOD) among businesses. This increase in BYOD trends has supported the growing adoption of PKI solutions across large corporations.

In terms of application, the BFSI segment is poised to garner sizeable growth through 2032 fueled by the rise in data breaches and disclosures across the BFSI industry. Moreover, attacks on web application authentication systems by banking Trojan botnets would further stimulate the product demand.

Meanwhile, the government & defense segment recorded more than 7% revenue share in 2022. The rise in cyberattacks is likely to drive the segmental growth, promoting national security organizations to use cutting-edge and secure technologies to safeguard their data.

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From the regional perspective, the North America public key infrastructure market is projected to expand at approximately 20% CAGR from 2023 to 2032. Growing digitization has enabled businesses in the region to improve the accessibility of their resources. Major utility service providers are utilizing IoT-based public-key encryption technologies to secure their transactions, thereby propelling the industry landscape.

On the other hand, the Latin America public key infrastructure market is estimated to proliferate robustly by the end of the research period ascribed to the increasing use of the cloud for data storage. Organizations in LATAM economies are using modern data security solutions to prevent data breaches which will further boost the regional expansion.

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Global Cybersecurity Market is anticipated to grow significantly between 2023 and 2032 as a result of the growing inclination toward online payment options.

The noticeable surge in digital payments across the globe led to a significant transformation in both online and offline transaction techniques. Businesses are now focusing on digitizing their operations to increase income through digital payment options. Further innovation in this area will be encouraged by the growing consumers' demand for rapid, inexpensive, and efficient payment experiences, which is projected to boost the cyber security market growth throughout the forecast period.

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As per product, the security services segment held over 60% market share in 2022. Cybersecurity market services providers globally have been improving their security posture to protect businesses from potential threats and further fortify their cyber defenses. This, in conjunction with the increased cost-effectiveness associated with security services and proliferating BYOD trends, is foreseen to aid segment growth.

With regard to security services, the cybersecurity market from the managed security services segment amassed over 35% market share in 2022. Managed security services assist consumers in fulfilling their requirements associated with complicated system reporting and proactively recognizing network performance problems. Besides, the capability of these services to provide the necessary support and oversee the clients' networks is poised to transform the market dynamics through 2032.

Based on organization, the cybersecurity market share from the large enterprises segment is estimated to record a sizeable valuation by the end of 2032. Despite enormous investment in network protection devices by large enterprises, hackers continue to find alternative access routes into their data systems. An increasing number of large enterprises have been emphasizing improving their disaster preparedness plans and recovery protocols to address these issues. This, in turn, is speculated to propel segment revenues over the next ten years.

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In terms of end-user, the securities segment is expected to grow at over 15% CAGR through 2032. Companies operating the securities business have been introducing significant advancements in their cybersecurity techniques to protect vulnerable client data and credentials. Additionally, the increasing deployment of cybersecurity solutions due to the required obligation to follow government regulations and standards will help the cybersecurity market gain remarkable impetus in the coming years.

Regionally, the cybersecurity market in the Middle East was valued at over USD 5 billion in 2022. Cybercriminals globally have turned their focus to the Middle East due to its booming economy and the ongoing digital transformation in the region. As per credible sources, over 2.57 million phishing attempts were recorded in the Middle East between April and June 2020. Thus, the escalating cyber threats and the growing adoption of cloud computing is forecast to drive growth in the MEA cybersecurity industry.

The cybersecurity market comprises several prominent enterprises viz., BAE Systems, Inc., Cisco Systems, Inc., Dell Technologies Inc., Palo Alto Networks, Inc., DXC Technology Company, F5, Inc., Fortinet, Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, and others.

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About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.