Petroleum Resins Market Key Players Analysis, Segmentation And Forecast Report till 2025

July 12, 2021: The global petroleum resins market is expected to reach USD 4.1 billion by 2025. The market is estimated to develop at a CAGR of 6.9% for the duration of the prediction. Growing ingestion of petroleum resins in tapes, labels, paints and coatings and synthetic rubber is likely to boost the progress of the market above the period of prediction. An extensive usage of these products, due to numerous benefits comprising great softening point, nail capability, temperature confrontation, outstanding thermal constancy and strong point for cracking, is likely to boost the development of business above the period of prediction. Increasing demand for petroleum resins in numerous uses together with wax modification, hot melt adhesives, contact adhesives, rubber and plastic modification and footwear and leather is estimated to motivate the progress of the business.

The Petroleum Resins market on the source of Type of End Use could span Personal Cleanliness, Packing, Automobile, End user Merchandises, Construction, and Others. The subdivision of construction was the leading section and was responsible for 30.9% stake of the general capacity in the year 2016. Hydrocarbon resins are utilized in the in the building and construction business in the arrangement of coverings in the cement adjusted flexible waterproofing films, waterproofing films on swimming pool floors, horizontal building materials, and topmost covering for commercial rooftop use.

The Petroleum Resins market on the source of Type of Application could span Tapes & Labels, Adhesives, Rubber & Tires, Paints, Printing Inks, and Others. The subdivision of “paints” is likely to observe growth in capacity by a CAGR of 6.4% during the period of prediction. Petroleum resins perform such as a binder gum and proposes a number of benefits comprising speedy parching, confrontation to alkali and scratch proofing. Also, the product surges the luster of paint and increases the bond, rigidity, and the confrontation of acids and alkali.

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The Petroleum Resins market on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The market is divided into Hydrogenated Resins, C9 Resins, C5/C9 Resins, C5 Resins. By the source of capacity, C5 Resins was the leading subdivision and was responsible for 51.6% stake of the general capacity in the year 2016. The tendency is likely to carry on above the period of prediction because of the increasing usage of C5 resins in the building & construction, personal cleanliness, automobile and tire businesses.

The increasing usage of C5 resins due to possessions for example outstanding color holding, a smaller amount noxious waste, greater power of adhesion, and greater confrontation to chemical, is likely to enhance the demand above the approaching years. The Petroleum Resins market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S.A], Europe [Germany], Asia Pacific [China], Central & South America [Brazil], Middle East & Africa.

By the source of geography, Asia Pacific is expected to display important income growth by an expected CAGR of 7.8% for the duration of prediction, because of the existence of healthy industrialized base of adhesives, tapes and rubber compounding in India, China and Singapore. The growing automobile manufacture essentially in Taiwan, Japan, Indonesia, China, and Malaysia is expected to boost the demand for the product. Continuing industrial development and growing overseas funds in the paints & coatings and packing subdivisions are expected to increase the scope of the business above the approaching years.

Government of India is likely to generate huge openings for the automobile manufacturing in the nation, that consecutively will help in the progress of the hydrocarbon resins market. Additionally, the increasing demand for speedy consumer merchandises in Asia Pacific is expected to motivate the demand for packing and inks materials, that in line is estimated to shoot the progress of the market.

Middle Eastern & African market was appreciated at US$ 78.0 million in the year 2016 and is estimated to observe sizeable development due to the increasing construction subdivision chiefly in the Qatar and UAE due to the financial retrieval, progressive real property controlling background, and growing scheme of substructure. Moreover, a number of issues comprising encouraging macroeconomics, optimistic demographics, and increasing vacation industry actions are expected to indorse the progress of the construction subdivision.

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The statement revises Trades in terms of intake of Petroleum Resins in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the Petroleum Resins are Total Cray Valley, ExxonMobil, Arakawa Chemical Industries, Kolon Industries, Eastman Chemical. Additional noticeable companies operating in the field are Neville Chemical, Puyang Tiancheng Chemical, Anglxxon Chemical Products, Puyang Shenghong Chemical, Lesco Chemicals, Shandong Landun Petroleum Resins, In nova Chemical, and ZEON CHEMICALS.

Market Segment:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

    • C5 resins

    • C9 resins

    • C5/C9 resins

    • Hydrogenated resins

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

    • Paints

    • Adhesives

    • Printing inks

    • Rubber & tires

    • Tapes & labels

    • Others

End-use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

    • Automotive

    • Construction

    • Packaging

    • Consumer goods

    • Personal hygiene

    • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

    • Europe

        • Germany

    • Asia Pacific

        • China

    • Central & South America

        • Brazil

    • Middle East & Africa

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Oilfield Chemicals Market Key Players Analysis, Segmentation And Forecast Report till 2025

July 08, 2021: The global Oilfield Chemicals Market is estimated to touch US$ 28.48 Billion by the completion of the year 2025. The growing demand for crude oil is expected to navigate the progress of the chemicals business above the period of prediction. The market is expected to develop by the CAGR of 4.3%. The international business is estimated to detect a rectilinear development tendency above the period of prediction due to the change in preference in the direction of misusing the exceptional means of hydrocarbon. Their uses in the in operations comprising workover & completion, production, cementing and drilling.

The oilfield chemicals are constituents those are useful in the operation of oil & gas pulling out. These are utilized in the amenities of well drilling and production to increase the taking out processes by way of refining efficiency & productivity of the oil drilling, procedure of petroleum purification and to attain the optimal performance by means of actual oil retrieval. These chemicals help in the conservation of even operational oilfield, that effect in decrease of expenditures above postponements and work stoppage for the period of drilling procedures. These chemicals obstruct the creation of the metallic scales and decrease the water content into the oil well throughout exploration & drilling. It consequences in growing demand and uses of oilfield chemicals.

The market is motivated by the growth in oil exploration & production actions, which sequentially upsurges the necessity for oilfield chemicals. Furthermore, the continuing actions to fulfil the universal demand for the energy, carried more crude oil wells and the production all over the world. It upsurges demand for the chemicals. However, price variation of crude oil and surge in conservational anxieties are likely to impede the progress of the market in the nearby future. The arrival of ecological responsive oilfield chemicals is likely to deliver a considerable opening for the progress in the near future.

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The market on the source of Type of Location could span Offshore, Onshore. The market on the source of Type of Application could span Workover & Completion, Production Chemicals, Enhanced Oil Recovery, Cementing, Drilling Fluids, Well Stimulation. The market on the source of Type of Product could span Foamers, Biocides, Rheology Modifiers, Inhibitors, Surfactants, Friction Reducers, Gallants & Viscosifiers, Demulsifiers, Corrosion & Scale Inhibitors, Polymers, and Others.

The market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S., Canada, and Mexico], Europe [Norway, Russia U.K.], Asia Pacific [India, China, Indonesia], Central & South America [Brazil, Argentina, Venezuela], and Middle East & Africa [UAE, Saudi Arabia, Nigeria, Algeria].

By the source of geography, North America is the most important area in the Oilfield Chemicals market. North America appeared by way of the biggest customer of oilfield chemicals and the provincial business was appreciated above US$ 6.80 billion in the year 2016 and is expected to observe stable development above the following eight years. The demand for inhibitor formulations in the U.S. was appreciated by US$ 910.8 billion in the year 2016 and is anticipated to develop by a CAGR of 4.5% above the period of prediction.

Asia Pacific is expected to appear as the speedily developing provincial section; thanks to the fact that it will be responsible for the grabbing more than 17% stake of the complete profits by the completion of year 2025.The area of Middle East & Africa is likely to observe a sturdy development by a CAGR of 4.5% for the duration of prediction. The statement revises trades in terms of intake in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Albemarle Corp., Lubrizol Corporation, New park Resources Inc., Solvay S.A., Schlumberger Limited, Akzonobel NV, BASF SE, Ecolab Inc., Halliburton, and Baker Hughes.

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Additional noticeable companies operating in the field are Champion Technologies, REDA Oilfield, Universal Oil Field Chemicals Pvt. Ltd., Clariant AG, Huntsman Corporation, Stepan Company, Imperial Oilfield Chemicals Pvt. Ltd., Chemcon Specialty Chemicals Pvt. Ltd., Kemira Oyj, and E I DuPont de Nemours and Company.

Market Segment:

Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Inhibitors

    • Demulsifiers

    • Rheology Modifiers

    • Friction Reducers

    • Biocides,

    • Surfactants

    • Foamers

    • Others

Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Drilling

    • Production

    • Cementing

    • Workover & completion

Location Outlook (Revenue, USD Million, 2014 - 2025)

    • Onshore

    • Offshore

Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • UK

        • Russia

        • Norway

    • Asia Pacific

        • China

        • India

        • Indonesia

    • Central and South America

        • Brazil

        • Argentina

        • Venezuela

    • Middle East and Africa

        • Saudi Arabia

        • UAE

        • Algeria

        • Nigeria

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Non-vascular Stents Market Analysis, Opportunity and Industry Expansion Strategies till 2025

July 08, 2021: The global Non-Vascular Stents Market size is expected to value at USD 1.4 billion by 2025. The market is subject to witness a substantial growth due to the increase in geriatric population, upsurge in incidences related to chronic disorders, and rise in healthcare expenditure by local governments. Furthermore, growing importance towards minimally invasive surgeries across the globe is expected to drive growth of the market in upcoming years.

Increasing incidences related to the gastrointestinal cancer across the globe, is further propelling demand for non-vascular stents. Increase in the number of patients diagnosed with cancer are significantly influencing growth of the market. Globally, the market is predicted to grow at CAGR of 5.1% in forecast period, providing numerous opportunity for market players to invest for research and development in the non-vascular stents industry.

Geriatric population is more susceptible towards chronic diseases including lung cancer, pancreatic cancer, colorectal cancer, and other diseases such as stroke, asthma. Subsequently, increasing incidences related to chronic obstructive pulmonary disorders (COPD), chronic pancreatitis, prostate cancer, and glaucoma, are responsible for rising demand of non-vascular stents.

As per reports by World Health Organization (WHO), geriatric population is expected to reach two billion by 2050. Additionally, recent statistics presented by the American Cancer Society showcases as many as thirty thousand individuals suffering from stomach cancer in the North America region only. These factors are expected to fuel growth of the non-vascular stents market in coming years.

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Rising adoption of the minimally invasive techniques such as nonvascular stenting is fueling the market growth of non-vascular stents. The minimally invasive techniques performed by tiny incisions instead of one large opening as they offer advantages such as quicker recovery times and less discomfort over traditional surgery. Additional advantages associated with adoption of minimally invasive techniques includes reduced pain during the surgery and minimum surgical scars. Reduction in the overall operational cost in comparison with traditional surgery techniques due to smaller incisions and minimum side effects, are propelling the demand of non-vascular stents industry.

The non-vascular stents market is majorly categorized into different market segments such as gastrointestinal stents segment, pulmonary, and urological stents segment. The gastrointestinal stents segment is considered as one of the fastest growing segment in the non-vascular stents industry with highest revenue generation in recent years. The gastrointestinal segment is further classified into different types such as biliary, pancreatic, and esophageal stents. Similarly, the pulmonary stents are also categorized into various types including silicone airway and metallic airway stents. Growing popularity of the urological stents segment is credited to the rise in occurrence of ureteral disorders such as renal calculi, kidney stone, urinary tract infections, and prostate cancer.

Non-vascular stents are commonly termed as a set of instruments that are specially designed for performing for a number of tasks involving biliary, bronchial and tracheal implantations. Rising application of the non-vascular stents is driving growth of the market. Non-vascular stents are utilized in order to improve prime patency in arteries and veins, which is commonly located at the site of stenotic. Non-vascular stents are classified into two common types such as balloon-expandable (BE) and self-expandable (SE).

The market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America and Europe have shown major growth in recent years owing to the rise adoption of latest methodologies for the treatment of chronic diseases and existence well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the non-vascular stents market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with favorable government initiatives for use of such medical devices, rising geriatric population, and increasing healthcare expenditure.

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The key players in the non-vascular stents industry are Medtronic Co., C. R. Bard Incoporations, Boston Scientific Co., Ella Co., Conmed Co., Hobbs Medical Incorporations, Cook Medical Co., Taewoong Medical Corporations, Synchron Med Incorporations, and Glaukos Co.

Market Segment:

Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Gastrointestinal Stents

        • Biliary

        • Duodenal

        • Colonic

        • Pancreatic

        • Esophageal Stets

    • Pulmonary (Airway) Stents

        • Silicone Airway

        • Metallic Airway

    • Urological Stents

    • Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

        • France

        • Italy

        • Spain

    • Asia Pacific

        • Japan

        • China

    • Latin America

        • Brazil

        • Mexico

    • Middle East and Africa (MEA)

        • South Africa

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Nonalcoholic Beverage Market Key Players Analysis, Segmentation And Forecast Report till 2025

July 08, 2021: Global Nonalcoholic Beverage Market is anticipated to reach USD 1.60 trillion by 2025. Nonalcoholic Beverage is also termed as “Virgin drink”. Non-alcoholic beverages contain less than 0.5% alcohol. The factors that drive the growth of the m

arket include increasing awareness among consumers toward proper health and well-being, changing lifestyle, influx of convenience beverages. Furthermore, increasing focus on R&D among key players with regards to low or zero-calories drinks is estimated to witness high growth in the years to come.

On the other hand, there are factors that may hamper the growth of the market such as strict government rules and regulations related to the ingredients in non-alcoholic beverages and increasing awareness regarding among consumers regarding health hazards such as diabetes resulting out of excessive consumption of non-alcoholic beverages. The market is anticipated to grow at a significant CAGR of 5.8% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Nonalcoholic Beverage Market may be explored by product, distribution channel and geography. Market may be explored by products as Functional Beverages, Carbonated Soft Drinks (CSDs), Sports Drinks, Fruit Beverages, Bottled Water and other. The “Functional beverage” dominated the Beverage Market in 2016 and anticipated to maintain its dominance by 2025.

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Nonalcoholic Beverage Market may be explored by distribution channel as Vending Machine Operations, Supermarkets and general merchandisers, Convenience Stores & Gas Stations, Food Service & Drinking Places, and Other. The “Supermarket and Convenience stores” segment dominated the Nonalcoholic Beverage Market in 2016 and is anticipated to maintain its dominance by 2025. Expanding food and beverage services comprising fast-food joints, full-service restaurants, primary distribution channel, and takeaway outlets, will upsurge the growth of this segment in the forecast period.

North America accounted for the major share of the Nonalcoholic Beverage Market Size in 2016 and will continue to lead in the forecast period. Additionally, the increasing youth population, particularly in emerging countries of Asia Pacific, is the major trend anticipated to alter the drinking pattern in favor of non-alcoholic drinks. The population is actively trying new flavors as refreshing substitutes. This is anticipated to predict healthy growth for the Nonalcoholic beverage market in the forecast period.

Some of the key players that fuel the growth of the Nonalcoholic Beverage Industry comprise Suja Life, LLC, Dr. Pepper Snapple Group, FreshBev, PepsiCo, Inc., A.G. Barr, Dydo Drinco, Livewire Energy; Calcol, Inc., Attitude Drinks, Co., Danone, Nestl S.A., and Kraft Foods Group, Inc., and the Coca-Cola Company. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Product Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 - 2025)

    • Carbonated Soft Drinks (CSDs)

    • Fruit Beverages

    • Bottled Waters

    • Functional Beverages

    • Sports Drinks

    • Other

Distribution Channel Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 - 2025)

    • Supermarkets and general merchandisers

    • Food Service and Drinking places

    • Gas Stations and Convenience Stores

    • Vending Machine Operations

    • Other

Regional Outlook (Volume, Billion Liters; Revenue, USD Billion; 2014 - 2025)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

        • France

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

    • Middle East & Africa

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Threat Intelligence Market Scenario, Size, Outlook, Trend and Forecast Report till 2025

July 07, 2021: Global Threat Intelligence Market is anticipated to reach USD 12.6 billion by 2025. The market is anticipated to grow at a healthy rate in the years to come. The development of cyber-attacks against entities and organizations have made traditional cybersecurity measures virtually outdated; which has given rise to the necessity of threat intelligence. Threat Intelligence implies information that supports administrations to understand the risks produced by severe and common outside threats. In addition, the factors that propel the growth of the market include collective number of sophisticated cloud several initiatives, increasing government compliance on data security, and development of next-generation threat intelligence solutions.

On the other hand, there are factors that may hamper the growth of the market such as lack of awareness regarding evolving cyber threats, technical complications, and high cost related to the deployment. Threat intelligence industry is anticipated to grow at a significant CAGR of 17.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe. The market may be explored by solution, service, deployment mode, organization size, verticals, and geography.

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Threat intelligence market may be explored by solution as Log Management, Security Information and Event Management (SIEM), Identity and Access Management (IAM), Incident Forensics, Security and Vulnerability Management (SVM), Risk Management. Threat intelligence industry may be explored by service as Advanced threat monitoring, Security intelligence feed, Professional Service, Managed Service, Training and support, Consulting service. The “Managed service” dominated the market in 2017 and anticipated to maintain its dominance by 2025. Several managed services offered by threat intelligence sellers are security intelligence feed and ATM. Managed services helps the clients to increase more insights on the evolving threats in the security environment. The increase in the customer base from the SME community and rise in large-scale networks are propelling factors of managed services.

Threat intelligence market may be explored by deployment mode as Cloud, and On-premises. The market may be explored by organization size as Large Enterprises, and Small and Medium-Sized Enterprises (SMEs). The market may be explored by verticals as Government, Transportation, IT and Telecom, Banking, Financial Services, and Insurance (BFSI), Healthcare, Retail, Education, Energy and Utilities, Manufacturing, Others (Media and Entertainment, Gaming, and Real Estate)

North America accounted for the major share of the Threat Intelligence Market Size in 2017 and Asia-Pacific is anticipated to grow at a highest CAGR in the forthcoming period. The growing number of cyber-crime activities at software application, rising demand for the web and mobile application, and increasing government & legislation by-laws are expected to further drive the development of threat intelligence industry in the Asia-Pacific region.

Some of the key players that fuel the growth of the threat intelligence industry include Symantec Corporation, iSIGHT Partners Inc., Looking Glass, Inc., VeriSign, Inc., Dell EMC, Crowdstrike Inc., EclecticIQ BV, Alienvault, Inc., ThreatQuotient Inc., and Anomali, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Solution Outlook (Revenue, USD Million, 2014 - 2025)

    • Unified threat management

    • SIEM

    • IAM

    • Incident Forensics

    • Log Management

    • Third Party risk management

Services Outlook (Revenue, USD Million, 2014 - 2025)

    • Professional services

    • Managed Service

    • Subscription Services

    • Training & Support

Deployment Outlook (Revenue, USD Million, 2014 - 2025)

    • Cloud-based

    • On-Premise

Application Outlook (Revenue, USD Million, 2014 - 2025)

    • BFSI

    • IT & Telecom

    • Healthcare

    • Retail

    • Government & Defense

    • Manufacturing

    • Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Brazil

        • Mexico

    • MEA

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Specialty Generics Market By Top Key Vendors, Trends, Demand, Analysis And Forecast Report till 2025

July 07, 2021: The global Specialty Generics Market size is expected to value at USD 174.9 billion by 2025, during the forecast period. The market is subject to witness a substantial growth due to the increase in demand for cost-effective generic specialty drugs. Lower cost associated with adoption of the specialty generics drugs for the successful treatment for multiple sclerosis, cancer, and other types of infectious disorders is augmenting growth of the market over the forecast period.

Commonly occurred specialty generic drugs are estimated to cost around sixty to eighty percent cheaper in comparison with the branded drugs available in the market. Cost-effectiveness of the generic drugs is majorly attributed to factors such as lack of expensive clinical trials, no need for advertisement, and promotional activities. Such factors are propelling growth of the market over the forecast period. Globally, the specialty generics industry is predicted to grow at highest CAGR in forecast period, providing numerous opportunities for market players to invest for research and development in the market.

Increasing number of off-exclusive specialty generic medicines is considered as one key factor responsible for augmenting growth of specialty generic drugs market. Other factors such as early patent expirations of essential drugs available in the market, and development and adoption of the off-patent specialty generic as a new entry is boosting demand for the specialty generics over the forecast period. Early patent expirations depend on norms and regulation set by governmental agencies.

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Treatment associated with diseases such as multiple sclerosis, cancer, and other types of infectious disorders are highly expensive due to the higher cost of pharmaceuticals. Regional governments are contributing significantly for development of cost-effective drugs across the globe. Further, reduction in the healthcare expenditure by developed countries are aggravating demand for the cost-effective drugs. Subsequently, factors such as price regulations and downsizing of healthcare budget in developing economies are raising demand for cost-effectiveness in healthcare sector. Moreover, recent economic crisis and growing generic population are some of the critical drivers for boosting demand for cost-effective specialty genetic drugs over the forecast period. Inclination towards development of specialty generics drugs due to their multiple advantages over other products are extending reach of the specialty generics market.

The injectable segment is one of the fastest growing segments attributed to the growing implementation of self-monitored injectable by patients. Additionally, numerous initiatives in regards to acquisitions and latest product launches by prominent industry players in various regions across the globe is pumping the market growth in the near future. Acquisition and partnerships allows market players to gain access and develop injectable drugs, infusion methodologies, and biosimilar business. Major emphasis on building sustainable healthcare infrastructure by local government is further contributing to market growth.

Increasing incidences of chronic diseases such as arthritis, inflammatory conditions, and cancer are fueling growth of oral specialty generics industry segment. The growing demand for the oral specialty generics market segment is also attributed to the factors such as presence of self-administer the drugs similar to Gleevec and Tarceva, which does not require visiting a healthcare professional for an infusion or injection. The specialty generics industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise adoption of latest methodologies in healthcare sector and presence of the prominent industry players in the region. Asia-Pacific region is predicted to hold major market share in the specialty generics market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing occurrence of chronic disorders, rising demand for cost-efficient generic drugs, and increasing investment by industry players considering future opportunities in the region.

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The key players in the specialty generics industry are Mylan N.V., Teva Pharmaceuticals Incorporations, Sandoz Company, Mallinckrodt Co., Akorn, Incorporations, Valeant Pharmaceuticals International Incorporations, Endo Pharmaceuticals Incorporations, Pfizer, Incorporations, Sun Pharmaceutical Limited, and Apotex Co.

Market Segment:

Type Outlook (Revenue, USD Billion; 2014 - 2025)

    • Injectables

    • Oral

    • Others

Application Outlook (Revenue, USD Billion; 2014 - 2025)

    • Oncology

    • Inflammatory conditions

    • Multiple sclerosis

    • Hepatitis C

    • Others

End-use Outlook (Revenue, USD Billion; 2014 - 2025)

    • Specialty pharmacy

    • Retail pharmacy

    • Hospital pharmacy

Regional Outlook (Revenue, USD Billion; 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

        • France

        • Italy

        • Spain

    • Asia Pacific

        • Japan

        • China

        • India

    • Latin America

        • Brazil

        • Mexico

    • MEA

        • South Africa

        • Saudi Arabia

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Smart Transportation Market Scenario, Size, Outlook, Trend and Forecast Report till 2024

July 07, 2021: Global Smart Transportation Market is anticipated to reach USD 285.12 billion by 2024. The market is anticipated to grow at a healthy rate in the years to come. Smart transportation system implies sustainable and efficient intermodal transport system and infrastructure that can transport high level of performance and intelligence. Smart transportation system comprises use of advanced technologies such as telecommunication, computers, electronics information, and progressive sensors to offer information to customers to develop efficiency and safety of the transportation system.

Smart transportation system is progressively being accepted to reduce environmental impact of greenhouse gasses emitted by vehicles, improve traffic management, and reduce congestion. On the other hand, there are factors that may hamper the growth of the market such as smart transportation requires a big database of road networks that could not be accessible in the emerging countries, and huge capital investment. Smart transportation industry is anticipated to grow at a significant CAGR of 22.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Smart transportation market may be explored by solution, service, and geography. The market may be explored by solution as Traffic management system, Parking management system, Integrated supervision system, and Ticketing management system. The “Traffic Management” segment dominated the smart transportation industry in 2016 and is anticipated to maintain its dominance by 2024. They are mainly used for minimizing traffic jams on roads and managing traffic in cities prominent traffic management solutions comprise traditional signaling and smart signaling systems, and route guidance systems, intelligent video management systems, and video surveillance systems.

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Smart transportation industry may be explored by service as Support and Maintenance, Consulting, and Deployment and Integration. The “Deployment and Integration” segment dominated the market in 2016 and is anticipated to maintain its dominance by 2024. Deployment and integration service helps in reducing the integration and deployment time. This service is vitalfor emerging end-to-end traffic managing, passenger, parking management system solutions, and ticketing, for the global market. The growing necessity for advancement of the current transport organization to support several smart solutions would initiate the deployment and integration facilities in the market.

North America accounted for the major share of the Smart Transportation Market Size in 2015 and will continue to lead in the forecast period due to factors such asearly acceptance of severalnew technologies, increasing government investments in transport infrastructure. On the other hand, Europe is anticipated to benefit from its fast digitization across verticals. Growing technological advancements and increasing acceptance of smart connected devices, followed by a robust government vision, and healthy network infrastructure toward smart transportation are anticipated to propel development in the smart transportation industry.

Some of the key players that fuel the development of the smart transportation market include AGT International, SAP SE, Cisco Systems Inc., IBM Corporation, Logica, Hitachi Inc., GSM Association, Schneider Inc., Oracle Corporation, Siemens Corporation, ERTICO-ITS, Orange Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Smart Transportation Solution Outlook (Revenue, USD Billion, 2015 - 2024)

    • Ticketing management system

    • Parking management system

    • Integrated supervision system

    • Traffic management system

Smart Transportation Service Outlook (Revenue, USD Billion, 2015 - 2024)

    • Cloud services

    • Business services

    • Professional services

Smart Transportation Regional Outlook (Revenue, USD Billion, 2015 - 2024)

    • North America

    • Europe

    • Asia Pacific

    • RoW

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