Strategy Here

E-commerce has evolved fast over the years, transforming consumer behaviors all around the world. This was exacerbated by the new coronavirus pandemic, which compelled the populace to stay at home, making online purchasing the best alternative.

However, with so many new technology and advancements in the market, e-commerce has undergone significant modifications. According to global market research companies like Strategy Here, some of the future trends of the E-Commerce industry are:

1. Drone delivery

Delivery drones are one of the major trends in digital retail and will undoubtedly be a part of the future of e-commerce. Many businesses, including food, are already doing tests with drone deliveries. Delivery drones can manage and automate freight in varying amounts without the need for human interaction.

2. Conventional financing methods will take a back seat.

Alternative finance is becoming increasingly common among e-commerce businesses. Many businesses increasingly prefer revenue-based financing (RBF) and inventory financing instead of taking out loans or trading equity for the money of investors.

3. To address growth barriers, more e-commerce businesses are going global.

Total addressable market (TAM) is a frequent growth limiting factor. As firms approach their domestic growth constraints, the world will see more e-commerce brands venture onto the global stage. Consumers are joining the globalization movement. According to global market research companies, 76% of internet customers have made purchases on a website located outside of their home country.

The global copper foil market size was valued at USD 10.2 billion in 2022 and is expected to grow to USD 15.17 Billion in 2026 at a CAGR of 10.2% till 2027.

Copper foil is an important element for PCB (Printed Circuit Board) which is required in all electronic components and devices including electric cars, this segment alone comprises 60% of all use cases for copper foil. 

The prominent members of the copper mining industries are:

Chile (5600kw)

Peru (2200kw)

China (1800kw)

China alone accounts for more than 50% of all industrial and commercial copper foil markets. 

Due to its strategic investment in the name of  BRC (Belt & Road initiative), it has made strategic investments in many African countries such as the Democratic Republic of Congo, the Government leased the mining facilities in those countries to hand over the mining industry to Chinese officials to exploit and use it for themselves. 

This has led to exploring many unexploited rich resources of African countries, copper being one of them, and bags these precious metals for themselves rather than the betterment of the African government and its people. 

The gig economy, also called the collaborative economy, sharing economy, or platform economy has permeated every aspect of our lives, from ordering Tacoria on DoorDash to using Uber. 

According to the global vision market research reports prepared by Strategy Here, the gig economy, in contrast to the traditional one, is based on independent contractors and freelancers who accept flexible and transitory tasks, or gigs, as required rather than under formal contracts. Although the gig economy was previously defined primarily as freelancers who would pitch for work on platforms like Fiverr, today it includes a wide range of platforms, services, and prospects from which both businesses and contractors can gain.

Travel and tourism have experienced incredible expansion and diversification. Due in large part to tourists' increased interest in discovering new locations and experiences outside of the more conventional vacation destinations, several developing nations have expanded their market presence.

The tourism industry is a significant source of employment, government income, and foreign exchange profits for many established and developing nations. Without this crucial lifeline, many nations risk a sharp decline in GDP and an increase in unemployment.

There are several distinctive characteristics of the labor market. According to market research in tourism industry, the industry is viewed as inclusive since a large percentage of the workers are women and young workers. In contrast, women are more likely to start their businesses in the tourist industry than in other industries, and the majority of them work in low-skilled positions, which makes them more susceptible to shocks. Along with providing food, drink, and souvenirs to tourists, building and infrastructure development also generate a substantial amount of indirect employment. In addition, a large number of employees interact directly with tourists at a variety of tourist sites, hotels, restaurants, shopping malls, airlines, and ships.

According to ict research consultant, Strategy Here, the worldwide automation testing industry would be worth USD 90.81 billion by 2030 from USD 16.1 Billion in 2020 with a CAGR of 18.85%.

The use of automated analysis across multiple sectors such as banking and financial services, among others, is one of the primary drivers driving the market's growth. Billing update systems, web-based platforms, and operations and maintenance platforms all use automated software solutions.

Furthermore, telecom firms are emphasizing digital transformation through commercializing 5G services in emerging markets such as India, Brazil, Argentina, and South Africa. The introduction of 5G technology will hasten the deployment of software and hardware infrastructure, leading to an increase in demand for test automation services throughout the sector.

The Global Automation Testing Market research report by the ict research consultant will mark on some of the major players such as Capgemini, Tricentis Cigniti Technologies, TestPlant, SmartBear Software, Ranorex, IBM (UK), Microsoft, Micro Focus, Parasoft (US), Accenture, and others.

After the impact of the COVID-19 pandemic, the hospitality industry struggled to recover in 2021. With hospitality market research agency like Strategy Here predicting that the hospitality industry would not fully "recover" until 2024 or 2025, it may be tempting to keep the purse strings tight and bide time. However, hoteliers who want to position their establishments as market leaders are preparing now. Creativity, paired with a laser-like focus on risk management, will be crucial for moving forward.

Revenge Shopping - As consumer confidence rises, so will spending, with "revenge shopping" sweeping across industries as pent-up demand is released. That has been the case in previous economic crises. However, one difference is that services have been particularly heavily struck this time. As a result, the recovery will most certainly favor those sectors, particularly those with a communal component, such as restaurants and entertainment places.

Smart Manufacturing Market in North America 

Market trends for smart manufacturing can have an impact on current best practices and foresee future directions in the industry, warning professionals about how they can prepare for and adapt to such changes to be successful in the industry. Following are some of the trends which will shape the Smart manufacturing market in North America-

1. IoT and Connected Devices

IoT-enabled products enable manufacturers to remotely monitor equipment performance safely, spot potential problems before a malfunction happens, and provide personnel with a thorough grasp of the situation at hand.

2. Predictive Maintenance capabilities

It has been demonstrated that predictive maintenance can extend the life of machines by years while reducing unplanned downtime. Manufacturers can automate the data collection process with IoT technology and utilize predictive analytics to monitor equipment performance using a range of performance parameters.

3. Augmented reality applications

In spite of the fact that augmented reality (AR) has been around for a while, many experts believe it is still in its infancy. The trend holds a lot of promise, though. It can be utilized for advanced assembly, quality control, expert help, and components and product automation.

Every phase of the business life cycle benefits from market research. It could assist you in determining your competitive edge if you are beginning a business. If your organization is already established, you can utilize market research to generate new goods, services, and consumer categories. Following are some ways in which b2b market research companies can help your business to grow –

1. Identifying new opportunities

Your perspective will be widened and new business opportunities will be made available to you through a thorough market research assignment. To identify potential prospects, one might obtain and assess existing data, such as historical statistics reports and government publications. 

2. Testing products in the market

Finding out whether or not your audience will connect with your new product or service can be referred to as testing for success. Business market research is a useful tool for this since you can test your ideas before acting on them.

3. Expand product portfolio

If they wish to remain competitive in the market, all organizations must be able to foresee and react to sudden developments. By detecting customers' changing expectations and evaluating how the competition is responding to the change, market research significantly aids in achieving this goal.

The E-Commerce Plastic Packaging Market is expected to reach up to $140.86 billion by 2026 from $48.81 billion in 2021. Market research secondary data suggests growth momentum is expected to accelerate during the forecast period with a CAGR of 16.35%. 

As per the ICT Market Research Report, one of the important trends that are going to shape the industry in the future is RFID-based asset tracking solutions. The use of IoT technology has made asset management easier in industries such as automotive and electronics. Manufacturers are implementing Industry 4.0 principles and converting/establishing smart factories, in which employees monitor physical processes on the shop floor and make decentralized decisions using a variety of technologies such as RFID, wearables, and mobile automated systems.

Global Automotive industry analysis suggests, the Hydrogen Fuel Cell Vehicle Market accounted for USD 685.4 million in 2020 and is expected to reach USD 32459.1 million by 2028, growing at a CAGR of 62%. 

The worldwide offshore wind market is anticipated to expand from an estimated USD 31.8 billion in 2021 to an estimated USD 56.8 billion by 2026, at a CAGR of 16.06% over the course of the forecast period.

Over the previous ten years, the worldwide offshore wind market has grown by an average of 22% annually. The construction of 35 GW of offshore wind power globally represented 5% of the world's total installed wind capacity as of the end of 2020, despite the fact that COVID-19 had hindered the expansion of the renewable energy market size owing to the implementation of lockup in the first half of 2020.

In both established markets and those that are new to offshore wind, the government's obligations are growing quickly, and technology is advancing. There are more businesses exploring offshore wind projects, which might come with risks and hurdles such as commercial requirements from authorities, challenging project economics, and the need to develop or improve skills. Hydrogen electrolysis, flexible energy storage, transmission, and fuel technology that may be utilized to decarbonize many challenging sectors and applications, can now be powered by surplus offshore wind capacity.

The Pharmaceutical Logistics Market is expected to reach up to $2206.5 billion by 2026 from $1656.9 billion in 2020. Growth momentum is expected to accelerate during the forecast period with a CAGR of 4.89 %. The market is growing due to the rising population and chronic disorders. The US  market has grown as a result of increased acceptance and accessibility, as well as the availability of biopharmaceuticals for illness treatment and diagnosis, and increased medical awareness. Western Europe is home to more than a third of the world's manufacturing plants. Biopharmaceutical goods are more effective and safe than other products.

Following are some ways in which pharma market research companies can benefit the pharmaceutical logistics industry-

Provides Competitive Advantage

New market entrants are posing enormous challenges for businesses all over the world, increasing the likelihood that they may lose market share and see a general decline in sales. To evaluate their position in the market, businesses do in-depth research on their target markets by examining client demographics, historical sales data, and organizations performing successfully. Every company, at some time, engages in competition analysis, the most popular type of market research. Here, the marketing department of the organization compiles a comprehensive list of all the rivals in the target market before identifying their advantages and disadvantages that your company may take advantage of.

Helps Identify Opportunities in the Marketplace

A thorough market research project broadens your horizons and exposes you to fresh business chances. To identify potential prospects, existing data such as statistics reports from the past, and government publications may be obtained and studied. The following details might be helpful in locating opportunities: potential market share, demographics, major suppliers, market competitors, and market dynamics. Obtaining market information is the first stage in the process of expanding the market and the product range. You may assess the market and choose the best company plan for maximum impact with the aid of successful market research.

Helps in Testing for Success

Finding out whether or not your audience will connect with your new product or service is the simple definition of testing for success. Business market research is a useful tool for accomplishing this since it allows you to test your ideas before putting them into action. By soliciting customers' thoughts and preferences through surveys, businesses may quickly determine whether product concepts and marketing initiatives are actually popular with the target market. The company will be able to prevent losses and guarantee success the first time around as a result.

Provides a Better Understanding of Your Customers

An accurate understanding of the target market and the clients is essential for every organization to succeed in order to better serve them. Marketing professionals may learn a plethora of information from consumer insights, such as purchasing patterns and top-selling services across a range of demographics. You may evaluate this information and predict what customers want and how the market will respond or change in the near future with the aid of market research. You may simply discover every aspect of your intended clients with excellent market research, which will allow you to use that information to create your approach.

Develop Relevant Products and Services

To remain competitive in the market, all organizations must be able to foresee and adjust to quick changes. By recognizing customers' changing demands and examining how the competition is responding to the shift, market research significantly aids this cause. This will assist you in developing a more effective strategy for your new goods and services so that you may outperform your competitors while assuring durability.

Run a tracking or index survey to better understand the market and assure relevance. You may immediately identify forthcoming client demands by regularly conducting these surveys and evaluating the results using the reporting system. Then, you can adjust your goods and services accordingly.

The sales of baby food are rising as a result of the growing urban population, changing lifestyles of people as a result of significant increases in disposable incomes, and an increase in the number of working mothers who have less time to prepare meals and breastfeed their children. Baby food sales in Asia-Pacific account for a sizeable portion of global sales. It is the world's largest and fastest-growing area. Due to its expanding population, busy lives, and increased consumer spending, it is anticipated to be quite active in the years to come.

For the past ten years, gaining a competitive edge over competitors has been the main focus of all businesses. An effective marketing plan that is adapted to particular demands and corporate structures is developed through market research. Every business that provides products or services must fully comprehend its customers' needs and preferences. Market research helps a firm decide on its pricing approach and marketing strategies after determining the market, which further lowers risk. The majority of quantitative research is concerned with generating figures, such as the proportion of people who will purchase the products, pricing patterns in a certain area, and rival delivery methods for a similar product.

Polymers originating from plants, animals, or bacteria are used to create bioplastics. The reasons for the present rapid expansion of this industry include stricter laws and the policies imposed on companies to decrease carbon footprints. Following are the chemicals industry trends in the bioplastics market -

Packaging largest application

With about 65 percent or 1.2 million tonnes, of the global bioplastics market in 2018, packaging continues to be the most common use for bioplastics. The data also supports the usage of bioplastics in a variety of other industries, such as textiles, consumer products, and automotive and transportation applications. With over 50% of bioplastics now produced there, Asia continues to be a significant manufacturing hub in terms of building regional capacity.

No land use conflict

In 2018, the estimated 0.8 million hectares utilized to cultivate the renewable feedstock required to make bioplastics represented less than 0.02 percent of the 5 billion hectares used for agriculture worldwide. The land use share for bioplastics will stay at or below 0.02 percent throughout the next five years, notwithstanding the market expansion anticipated. This demonstrates unequivocally that there is no conflict between the manufacturing of bioplastics and the use of renewable feedstock for food and feed.

The COVID-19 epidemic and chip scarcity have had a detrimental effect on automobiles and electronics. The economic effects of the Covid-19 outbreak were discussed in a recent analysis by strategy here as a sharp reminder of the value of comprehending complex vulnerabilities in the linked world of today.

Manufacturing suddenly decreased in 2020 as a result of hurriedly canceled orders and just-in-time procedures owing to the start of the pandemic lockdown. However, as customers used more laptop computers, 5G phones, gaming consoles, and other IT devices, demand for silicon chips soared as a result of the epidemic working circumstances. A V-shaped recovery for personal computers, mobile devices, cars, and wireless communications resulted from a jump in semiconductor demand by Q3 2020.

The lead time (the amount of time from placing an order to receiving it) for 8-inch wafers grew from 1-2 months before the pandemic to 3-4 months in spring 2021 as a result of foundry businesses ramping up production in response to the increased demand for semiconductors in autumn 2020. The supply chain for semiconductors will continue to be under pressure for a while due to the worsening lead times.

Introduction: 

The global gift card market was worth USD 512.36 billion in 2020 and is expected to reach USD 1583.78 billion by 2027, growing at a CAGR of 17.49%.

A gift card is a prepaid debit card with funds that can be loaded with funds for future use. A gift card can be either an open-loop card or a closed-loop card. In-person and online, both types are commonly used. A minimum and maximum initial loading amount will be specified for many gift cards. Partial redemption is an important feature that encourages adoption. With the COVID-19 pandemic, e-commerce and M-commerce are playing an important role in industry growth. E-gift cards, also known as digital cards, virtual cards, and mobile gift cards, have grown in popularity, contributing to the market's expansion.

Regional Analysis:

North America dominates the global gift card market. Gift cards are the most popular type of holiday present in the United States, which contributes to the nation's gift card market growth. Furthermore, in recent years, the demand for gift cards has seen an unprecedented rise during occasions such as Christmas and birthdays.

Conclusion: