blog

According to a new market research report titled, “Industrial Automation Software Market by Product (SCADA, DCS, MES, HMI, PLC, IT and Software Environment Integration Solutions, Production Process Test Systems), Deployment Type, End User, and Geography – Global Forecast to 2029”, the industrial automation software market is expected to register a CAGR of 7.4% from 2022 to 2029 to reach $59.5 billion by 2029.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5279

An increase in demand for automation for qualitative & reliable manufacturing, the growing need for mass production with reduced operation costs, and the emergence of Industry 4.0 & enabling technologies are the key factors driving the growth of the global industrial automation software market. The emerging automation-driven industries in developing countries provide significant growth opportunities for players operating in this market.

The Impact of COVID-19 on the Global Industrial Automation Software Market

The outbreak of the COVID-19 pandemic has led to a widespread economic downturn as several countries imposed strict lockdowns to contain the infection. These lockdowns have affected diverse industries, primarily due to the impact on manufacturing operations. There has been a significant impact on supply chains globally. Manufacturing & processing companies faced huge losses in the first and second quarters of 2020 due to disrupted supply chains and delayed production schedules. The rapid spread of the coronavirus in the U.S., Europe, and Asian countries resulted in nationwide lockdowns and a temporary halting of production facilities to prevent further spread.

The COVID-19 pandemic led to the downsizing of various businesses and negatively impacted the growth of the industrial automation software market. Various small- and medium-sized enterprises cannot afford the large investment needed for deploying automation for processes.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5279

Based on product, the global industrial automation software market is segmented into supervisory control and data acquisition (SCADA), distributed control system (DCS), manufacturing execution system (MES), human machine interface (HMI), programmable logic controller (PLC), IT & software environment integration solutions, production process test systems, automated material handling systems, coordinated data management systems, and automatic storage & retrieval systems. In 2022, the supervisory control and data acquisition (SCADA) segment is expected to account for the largest share of the industrial automation software market. SCADA controls and monitors automation processes that are important for data analysis and takes decisions for optimization. In addition, the rising demand for industrial automation solutions among organizations is expected to boost the growth of the segment. However, the human machine interface (HMI) segment is expected to grow at the highest CAGR during the forecast period.

Based on deployment type, the global industrial automation software market is segmented into on-premise and cloud-based. In 2022, the on-premise segment is expected to account for the largest share of the industrial automation software market. Industries run on-premise servers to gain full control over security. However, the cloud-based segment is expected to grow at the highest CAGR during the forecast period.

Quick Buy – “Industrial Automation Software Market by Product (SCADA, DCS, MES, HMI, PLC, IT and Software Environment Integration Solutions, Production Process Test Systems), Deployment Type, End User, and Geography – Global Forecast to 2029” Research Report: https://www.meticulousresearch.com/Checkout/64951317

Based on end user, the global industrial automation software market is segmented into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. In 2022, the oil & gas segment is expected to account for the largest share of the industrial automation software market. Some of the major areas highly influenced by automation in the oil & gas sector include drilling operations, diagnostics & inspections, pipeline monitoring systems, weather monitoring systems, and pressure & flow systems. Drilling is one of the major areas that require automation due to its high costs and safety risks.

However, the chemicals & materials segment is expected to grow at the highest CAGR during the forecast period due to the increasing implementation of IoT and process automation solutions. The chemical industry is witnessing intense global competition and low product differentiation, making cost control necessary. In such an environment, automation solutions offer dual benefits of innovation in the areas that matter to consumers and improved cost efficiency throughout optimized production. The chemicals & materials industry also needs to control raw material & energy costs, which can be achieved using IIoT and automation technologies, which is further expected to create opportunities for the market’s growth.

Based on geography, the global industrial automation software market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to hold the largest share of the industrial automation market, followed by Europe and North America. Government initiatives and policies supporting the digitization of manufacturing plants and investments in the IIoT are major factors boosting the adoption of industrial automation software in the region.

Some of the key players operating in the global industrial automation software market are Emerson Electric Co. (U.S.), ABB Ltd (Sweden), Siemens AG (Germany), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Rockwell Automation Inc. (U.S.), HCL Technologies Ltd.(India), Parsec Automation Corporation (U.S.), SAP SE (Germany), Tata Consultancy Services Limited (India), Hitachi, Ltd. (Japan), OMRON Corporation (Japan), Aegis Industrial Software Corporation (U.S.) and IBM Corporation (U.S.).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/industrial-automation-software-market-5279

According to a new market research report titled, ‘Vegan Protein Powder Market by Type (Soy Protein, Rice Protein), Application (Sports Nutrition, Additional Nutrition), and Distribution Channel (Hypermarket/Supermarket, E-Commerce, Pharmacies) – Global Forecast to 2029,’ the vegan protein powder market is expected to reach $8.03 billion by 2029, at a CAGR of 7.3% from 2022 to 2029.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5290

Plant-based protein powders are suitable for mixing in drinks, health supplements, and food. Factors such as convenience, ease of use, mixability, bioavailability (the fraction of the dose that reaches the system), and high dosages offered by powdered supplements drive the growth of this market. Powdered nutrient premixes are the most widely used and preferred due to their benefits, such as ease of handling & transport, low costs, minimal to zero formulation errors, increased shelf life, and the stability of ingredient functionality.

Impact of COVID-19 on the Vegan Protein Powder Market Market

The outbreak of the COVID-19 pandemic significantly impacted the functional food and nutraceutical industries. The outbreak of the COVID-19 pandemic highlighted the importance of consuming healthy diets, resulting in the increased demand for plant-based protein powders to enable good health and optimum functioning of the body. Plant-based protein powders provide essential proteins for the growth and repair of cells and tissues. In addition, plant-based proteins are also beneficial for weight management. Furthermore, plant-based proteins provide lower calories and fats compared to animal proteins but are higher in fiber and essential nutrients.

According to The Good Food Institute, the plant-based protein products market witnessed a spike in sales during the first quarter of 2020. Furthermore, according to an article published by Nutrition Outlook, dietary supplement sales increased significantly during the COVID-19 pandemic. In the U.S, the sales growth for overall dietary supplements skyrocketed to more than 35.0% during the last week of March 2020.

The vegan protein powder market is segmented based on type, application, distribution channel, and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5290

Based on type, the vegan protein powder market is segmented into soy protein, rice protein, pea protein, spirulina protein, pumpkin seed protein, hemp protein, and other vegan protein powders. In 2022, the soy protein segment is expected to account for the largest share of the vegan protein powder market. However, the pea protein segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is driven by the rising demand for pea protein powder worldwide due to its growing popularity among the vegetarian and vegan population, high nutritional content, and allergen-free, gluten-free, and lactose-free properties.

Based on application, the vegan protein powder market is segmented into sports nutrition and additional nutrition. In 2022, the sports nutrition segment is estimated to account for a larger share of the vegan protein powder market. The large market share of this segment is mainly attributed to the increasing product development by market players, the increasing number of people choosing sports as a career, and the rise in national and international sports events. This segment is also expected to grow at a higher CAGR during the forecast period.

Quick Buy – “Vegan Protein Powder Market by Type (Soy Protein, Rice Protein), Application (Sports Nutrition, Additional Nutrition), and Distribution Channel (Hypermarket/Supermarket, E-Commerce, Pharmacies) – Global Forecast to 2029” Research Report: https://www.meticulousresearch.com/Checkout/74402813

Based on distribution channel, the vegan protein powder market is segmented into modern groceries, natural & specialty retail, online retail/e-commerce, health food stores, pharmacies & drug stores, convenience stores, and other distribution channels. In 2022, the modern groceries segment is expected to account for the largest share of the vegan protein powder market. The large market share of this segment is attributed to the huge base of supermarkets and hypermarkets and significant consumer preference for shopping from these outlets. However, the online retail/e-commerce segment is expected to grow at the highest CAGR during the forecast period. Online plant-based protein powder sales are growing faster than other offline distribution channels due to the benefits offered by online retailers, such as doorstep delivery, attractive discounts, greater product selection experience, and price comparison availability.

Based on geography, in 2022, North America is estimated to account for the largest share of the vegan protein powder market. North America’s large market share is attributed to factors such as the high demand for nutritional supplements, the increasing health awareness among consumers, the well-established nutraceutical & functional food industry, highly established gyms and sports clubs, and growing health & wellness and clean label trends.

However, the market in Asia-Pacific is expected to register the highest growth rate during the forecast period. The high market growth in Asia-Pacific is attributed to the increasing number of people participating in recreational activities, the rising living standards in developing countries, such as China and India, the increasing number of fitness centers and sports clubs, the growing vegetarian population, and the rapid growth in population and urbanization

Some of the key players operating in the vegan protein powder market include Glanbia plc. (Ireland), Now Health Group, Inc. (U.S.), Nutiva Inc (U.S.), The Simply Good Food Co (U.S.), Iovate Health Sciences International Inc. (Canada), MusclePharm Corporation (U.S.), Kerry Group Plc (Ireland), CytoSport, Inc. (U.S.), The Nature’s Bounty Co. (U.S.), Reliance Vitamin Company, Inc. (U.S.), Herbalife Nutrition, Inc. (U.S.), Danone SA (France), General Nutrition Centers (GNC) Holdings, Inc. (U.S.), Orgain Inc. (U.S.), and True Nutrition (U.S.).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/vegan-protein-powder-market-5290

According to a new market research report titled, ‘Frozen Food Market by Product (Ready Meals, Meat & Poultry, Seafood, Dairy Products, Bakery Products, Vegetables, and Fruits), Type (Raw, Half-cooked, and Ready-to-eat), and Distribution Channel (B2B and B2C) – Global Forecast to 2029,’ the frozen food market is expected to grow at a CAGR of 5.2% from 2022 to 2029 to reach $408.05 billion by 2029.

Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5313

Freezing is one of the easiest, quickest, most versatile, and most convenient methods of preserving foods. Frozen foods maintain their original color, flavor, and texture. Frozen foods are a convenient and affordable way to incorporate healthy foods from every food group, including whole grains, fruits, vegetables, protein, and dairy.

The major factors driving the frozen food market include the increasing demand for convenience food, the growing global cold-chain market, and changing consumer tastes and preferences. Furthermore, the increasing digitalization in the retail industry and emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa are expected to provide significant opportunities for the growth of this market.

However, the rising preference for fresh and natural food products and constant temperature monitoring requirements for frozen food products hinders the growth of this market to a notable extent. In addition, the lack of cold chain infrastructure in developing economies poses a major challenge to players operating in this market.

The Impact of COVID-19 on the Frozen Food Market

The COVID-19 outbreak caused by the SARS-CoV-2 virus created a severe public health emergency globally, with its quick spread in more than 150 countries. NUMEROUS countries worldwide declared emergencies and announced complete nationwide, statewide, or citywide lockdowns to combat & control the spread of this disease, halting all travel, transport, manufacturing, educational institutions, and non-essential trade, significantly impacting many industries globally.

However, the pandemic positively impacted the frozen food industry. Since the outbreak of the COVID-19 pandemic, the frozen food industry has witnessed steady growth. For instance, according to the American Frozen Food Institute (AFFI), in 2020, frozen food products witnessed a 21% increase in sales compared to 2019. The British Frozen Food Federation (BFFF) claimed that the sales of the retail frozen food industry increased by £872 million to over £7 billion a year in 2020 in the U.K.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5313

Furthermore, the frozen food products supply chain has been mostly shifted from food service to retail as the demand for frozen foods, such as frozen bakery products, has shifted from food service to household consumption. According to AFFI, during the COVID-19 pandemic, frozen food sales, including frozen bakery, witnessed a 75% increase. Thus, the increase in online sales of frozen food has positively impacted the frozen food market.

Based on product, the frozen food market is segmented into ready meals, meat & poultry, seafood, dairy products, bakery products, vegetables, fruits, and other frozen products. In 2022, the ready meals segment is expected to account for the largest share of the frozen food market. The large market share of this segment is attributed to the changes in consumers’ lifestyles due to the fast-paced work environment, particularly among the working-class population, and the growing preference for ready frozen meals due to their convenience. In addition, the rising popularity of ready meals among the younger generation and the adolescent population and their easily accessible at different convenience stores and supermarkets contribute to the large market share of this segment.

However, the seafood segment is expected to witness significant growth during the forecast period. The growth of this segment is driven by the increase in fish consumption due to their high protein content and the growth in global aquaculture production. In addition, the growing demand for frozen seafood as a thickening agent in various end-use applications drives the growth of the frozen seafood market.

Based on type, the frozen food market is segmented into raw, half-cooked, and ready-to-eat. In 2022, the raw material segment is expected to account for the largest share of the frozen food market. The large market share of this segment is attributed to the rising consumer awareness about the nutritional properties of raw frozen food and the increasing number of raw frozen food product launches.

However, the ready-to-eat segment is expected to witness significant growth during the forecast period. The growth of this segment is driven by the rising demand for frozen ready-to-eat food coupled with the increasing demand for specific meal solutions. Also, the growing demand for ready-to-eat food, high nutritional value, high shelf life, and easy availability drive their global demand.

Based on distribution channel, the frozen food market is segmented into business-to-business (B2B) and business-to-consumer (B2C). In 2022, the business-to-business segment is expected to account for the larger share of the frozen food market. The large market share of this segment is attributed to the growing B2B frozen food trading, the growing number of Quick Service Restaurants (QSRs), and rising demand from hotels, restaurants, food chains, cafes, and the food service sector

Quick Buy – Frozen Food Market Research Report: https://www.meticulousresearch.com/Checkout/72718668

However, the business-to-consumer segment is expected to witness significant growth during the forecast period. The rapid growth of this segment is mainly attributed to the rising population density in urban areas, the increasing trend of online shopping, the rising popularity of the franchising concept, growing preference for personalization, consumer convenience, and greater product selection

Based on geography, in 2022, Europe is expected to account for the largest share of the frozen food market. The major market share of Europe is attributed to the rising preference for ready-to-eat food, favorable regulations, a well-established cold chain in the region, innovative practices by key players in the industry, technological innovation in the frozen food sector, busier lifestyles of consumers, introduction of various healthy and diet-related frozen meals, and the growing import of frozen foods.

In 2022, Germany is expected to account for the largest share of the frozen food market in Europe. The large market share is attributed to the rising popularity of seasonal frozen food, the increasing number of high-quality frozen bakery products, and the increased demand for frozen food.

Some of the key players operating in the frozen food market include General Mills, Inc. (U.S.), Conagra Brands, Inc. (U.S.), Nestlé S.A. (Switzerland), Unilever PLC (U.K.), Kellogg Company (U.S.), McCain Foods Limited (Canada), The Kraft Heinz Company (U.S.), Tyson Foods, Inc. (U.S.), Associated British Foods plc (U.K.), Ajinomoto Co., Inc. (Japan), Vandemoortele NV (Belgium), Lantmännen Unibake International (Denmark), Cargill, Incorporated (U.S.), Europastry, S.A. (Spain), JBS S.A. (Brazil), ARYZTA AG (Switzerland), and Nomad Foods Limited (U.K.).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/frozen-food-market-5313

According to a new market research report titled, ‘Autoimmune Disease Diagnostics Market by Product (Reagents, Kits, Assays, Instruments), Test Type (ANA, CRP, ESR, Rheumatoid Factor, Routine Test), Disease Type (Systemic, Localized), End User (Hospital, Diagnostic Lab, Research) – Global Forecast to 2029,’ published by Meticulous Research^®, the autoimmune disease diagnostics market is expected to reach $7.53 billion by 2029, at a CAGR of 6.5% from 2022 to 2029.

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5405
Autoimmune diseases occur when the immune system attacks healthy cells and tissues. The trigger to these attacks can be genetic mutations, microorganisms, viruses, drugs, and environmental factors. The early diagnosis of these autoimmune diseases is necessary for an effective course of treatment or management. Autoimmune diseases can be systemic, affecting multiple organs or systems, or specific, affecting a single organ. Several tests such as western blot, antinuclear antibody, C-reactive protein (CRP), erythrocyte sedimentation rate (ESR), rheumatoid factor, immunoassays, routine blood tests, immunohistochemistry (IHC), and flow cytometry are used for diagnosing autoimmune diseases.

Increasing Prevalence of Autoimmune Diseases Driving the Growth of Autoimmune Disease Diagnostics market

There are more than 80 autoimmune diseases in which the immune system of a patient attacks its own body. The tests for autoimmune prove crucial for the early detection of these diseases. The early diagnosis of autoimmune diseases is also crucial to reduce the financial burden. For instance, according to the American Autoimmune Related Disease Association, around 50 million people in the U.S. suffer from autoimmune diseases and incur USD 86 billion per year in managing their conditions. Autoimmune disease testing is expected to increase due to the increasing prevalence of these diseases. For instance, according to the Lancet Diabetes & Endocrinology, in 2021, around 8.4 million people were affected with type-1 diabetes (one of the most common autoimmune diseases) globally. This number is estimated to increase to 13.5–17.4 million people by 2040. Additionally, around 4% of the global population suffers from one or more autoimmune diseases.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5405

The autoimmune disease diagnostics market is segmented based on Product Category (Reagents, Assays, & Kits and Instruments), Test Type (Antinuclear Antibodies (ANA), Western Blot, Immunoassays, C-reactive Protein (CRP), Erythrocyte Sedimentation Rate (ESR)), Rheumatoid Factor, Immunoglobulins, Routine Blood Tests, Immunohistochemistry (IHC), Flow Cytometry, and Other Test Types), Disease Type (Systemic Autoimmune Diseases and Organ-specific Autoimmune Diseases), End Users (Hospitals & Clinics, Diagnostics Laboratories, Academic & Research Institutes), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the global and regional levels.

Based on the product category, the reagents, kits, and assays segment is slated to register the higher CAGR during the forecast period. The frequent use of reagents for diagnosing diseases and growing awareness and testing capabilities are the major factors driving the growth of this segment.

Based on test type, the antinuclear antibody test segment is slated to register the fastest growth rate during the forecast period. The antibody responsible for autoimmune diseases are formed in the blood much earlier than the onset of the actual disease in an individual; this enables the early diagnosis of the disease, which helps to reduce morbidity and mortality due to the disease. The antinuclear antibodies test is simple and has higher accuracy than other tests. Therefore, the increasing prevalence of autoimmune diseases, the need for early disease diagnosis, and the ease of use and low turnaround time of ANA test drive the segment’s growth.

Quick Buy – Autoimmune Disease Diagnostics Market- Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/84306372

Based on disease type, the systemic segment is slated to register the highest CAGR during the forecast period. Systemic autoimmune diseases affect multiple organs or systems. The rising prevalence of systemic autoimmune diseases has led companies operating in the autoimmune disease diagnostics market to launch tests for diagnosing systemic autoimmune diseases. For instance, in June 2022, Thermo Fisher Scientific Inc. (U.S.) launched EliA RNA Pol III and EliA Rib-P tests cleared by the U.S. FDA. These tests are used to diagnose Systemic Sclerosis (SSS) and Systemic Lupus Erythematosus (SLE). Thus, the increasing number of companies launching tests for systemic autoimmune diseases drives this segment’s growth.

Based on end user, in 2022, the hospitals & clinics segment is expected to account for the largest share of the market. The large market share of this segment is attributed to the high adoption rate of testing technologies by hospitals and the rising expansion of existing testing capabilities to provide cost- and time-efficient tests.

Based on geography, in 2022, North America is expected to account for the largest share of the autoimmune disease diagnostics market, followed by Europe and Asia-Pacific. North America’s major market share is attributed to factors such as high healthcare expenditure, high prevalence of autoimmune diseases, increased awareness among patients regarding autoimmune diseases, and increased funding and investments towards R&D of autoimmune diseases.

The report includes an extensive assessment of product portfolios, geography, and key growth strategies adopted by leading market participants between 2020 and 2022.

Some of the key players operating in the autoimmune disease diagnostics market are Thermo Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Beckman Coulter, Inc. (U.S.), Abbott Laboratories (U.S.), Myriad Genetics, Inc. (U.S.), EUROIMMUN Medizinische Labordiagnostika AG (Germany), F. Hoffmann-La Roche Ltd (Switzerland), Siemens Healthineers AG (Germany), Grifols, S.A. (Spain), and Creative Diagnostics (U.S.).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/autoimmune-disease-diagnostics-market-5405

 According to a new market research report, ‘Liquid Handling Systems Market By Type (Automated, Electronic, Manual), Product (Pipette, Consumables, Burette, Software, Microplate), Application (Drug Discovery, Cancer & Genomics, Clinical), End User (Hospital, Diagnostic Lab) – Global Forecast to 2029,’ published by Meticulous Research^®, the liquid handling systems market is projected to reach $6.99 billion by 2029, at a CAGR of 6.4% from 2022 to 2029.

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5397
A liquid handling system involves any equipment used for transferring liquids in a laboratory from a pipette to the multifunction workstation. Liquid handling is usually required in the laboratory for various applications such as ELISA, nucleic acid preparation, PCR reaction, next-generation sequencing for genomic research, and liquid-liquid extraction. Liquid handling systems are crucial in increasing laboratory procedures requiring high-throughput screening.

Major factors driving the liquid handling systems market are the rapid growth and expansion of the pharmaceutical & biotechnology industry, increasing R&D expenditure of biopharmaceutical companies, rapid adoption of automation in laboratories, and growing demand for high-throughput screening. Furthermore, emerging economies and growing genomics and proteomics research are expected to provide significant growth opportunities for this market.

However, the high costs of automated liquid handling systems are expected to restrain the growth of this market to a notable extent. In addition, factors such as the slow adoption of automation among small & medium-sized laboratories and additional training required by the laboratory personnel for operating automated robotic liquid handling workstations are the major challenges to the growth of this market.

The Impact of COVID-19 on the Liquid Handling Systems Market

The coronavirus disease (COVID-19) outbreak in March 2020 impacted nearly every country around the globe. According to the WHO, as of 17^th November 2022, there were 633.2 million confirmed cases and 6.6 million confirmed deaths. During the initial months of the pandemic, there were nationwide lockdowns and restrictions in several countries. This led to a global supply chain disruption and shortages of equipment & consumables. Further, according to the International Monetary Fund, the pandemic shrunk the global economy by about 3.5% in 2020. These factors had a short-term negative impact on the global liquid handling systems market.

However, due to the pandemic, there was an increased demand for COVID-19 testing in laboratories. Large volumes of samples were to be tested, and liquid handling systems were a crucial part of performing these tests. This led to an increased demand for liquid handling systems in clinical diagnostics laboratories. In addition, there was an increased demand for drug discovery and vaccine development. The demand for various types of liquid handling systems in pharmaceutical and biotechnology companies also increased. Thus, the COVID-19 pandemic ultimately had a positive impact on the liquid handling systems market.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5397

The liquid handling systems market is segmented by Type (Automated Liquid Handling Systems, Electronic Liquid Handling Systems, and Manual Liquid Handling Systems), Product (Pipettes [Semi-Automated Pipettes, Manual Pipettes, and Electronic Pipettes], Consumables, Liquid Handling Workstations, Burettes, Software, Microplate Reagents Dispensers, Microplate Washers, and Other Products), Application (Drug Discovery, Cancer & Genomics Research, Clinical Diagnostics, and Other Applications), End User (Hospitals & Diagnostic Laboratories, Biotechnology & Pharmaceutical Industries, Research & Academic Institutes, and Other End Users), and Geography. The study also evaluates industry competitors and analyzes their market share at global and regional levels.

Based on type, in 2022, the automated liquid handling systems segment is expected to account for the largest share of the liquid handling systems market. The large market share of this segment is attributed to factors such as the increased demand for high-throughput screening, the advantages of automated liquid handling systems, and the increased capabilities of end users to acquire advanced automated liquid handling systems.

Based on product, in 2022, the pipette segment is expected to account for the largest share of the liquid handling systems market. The large market share of this segment is attributed to the basic utility of pipettes in the liquid handling process and its applicability in a wide range of applications such as in sample preparation, serial dilution, and various types of assays.

Based on application, in 2022, the drug discovery segment is expected to account for the largest share of the liquid handling systems market. This segment’s large market share is attributed to the high demand for newer personalized drugs for treating a wide range of diseases, increased R&D expenditure, and increased focus on the efficient development of new drugs through molecular screening.

Based on end user, in 2022, the biotechnology & pharmaceutical industries segment is expected to account for the largest share of the liquid handling systems market. The large market share of this segment is attributed to the higher demand for liquid handling systems in the biotechnology & pharmaceutical industry, especially for drug discovery and manufacturing applications, and increased R&D expenditure in biopharma companies.

Quick Buy – Liquid Handling Systems Market- Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/54879600

Based on geography, in 2022, North America is expected to account for the largest share of the liquid handling systems market, followed by Europe and Asia-Pacific. North America’s large market share is attributed to its robust healthcare and R&D infrastructure, high R&D spending and investments, collaborations with large academic universities and the presence of key players in the region.

The report also includes an extensive assessment of the type, product portfolio, application, end user, and geography, and key strategic developments adopted by leading market participants in the industry over the past years (2020–2022). In recent years, the liquid handling systems market has witnessed numerous product launches & approvals, agreements, collaborations, partnerships, and mergers & acquisitions.

Some of the key players operating in this market study are Thermo Fisher Scientific Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Danaher Corporation (U.S.), Eppendorf AG (Germany), Hamilton Company (U.S.), PerkinElmer, Inc. (U.S.), Tecan Group Ltd. (Switzerland), PRIMADAG SAS (France), BRAND GMBH + CO KG (Germany), Hudson Robotics (U.S.), SPT Labtech (U.K.), F. Hoffmann-La Roche Ltd. (Switzerland), QIAGEN N.V. (Netherlands), and Mettler-Toledo International, Inc (U.S.).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/liquid-handling-systems-market-5397

According to a new market research report titled, ‘Alternative Protein Processing Equipment Market by Type (Dryers, Centrifuges, Grinders, Evaporators), Mode of Operation, Production Capacity (Small & Medium Scale, Large Scale), Application (Plant Proteins, Insect Proteins) – Global Forecast to 2029,’ the global alternative protein processing equipment market is slated to register a CAGR of 5.2% during the forecast period to reach $2.13 billion by 2029.

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5342
The major factors driving the growth of the global alternative protein processing equipment market are the increasing health consciousness among consumers and the rising demand for plant-based proteins leading to an increased demand for plant protein processing. Consumer habits are shifting away from traditional proteins to more frequent alternative proteins. The growing trend of millennials adopting flexitarian and meat-free diets indicates a shift in purchasing habits from the earlier generations. The most commonly preferred alternative proteins are plant, insect, and microbial-based.

The Impact of COVID-19 on the Alternative Protein Processing Equipment Market

The COVID-19 pandemic affected several industries and economies. Various governments enforced lockdowns, movement restrictions, and reduced workforce, resulting in the shutdown of various manufacturing facilities. Several alternative protein processing companies reduced their infrastructure by temporarily halting their operations, resulting in limited machinery requirements, especially the multifunctional ones, which help companies maximize their production volume and profit margins and eliminate additional costs during alternative protein processing.

The COVID-19 pandemic impacted the supply chains of various industries, including alternative protein processing equipment, leading to increased costs and complex and time-consuming routing of goods. These factors cumulatively restrained the growth of the market. However, factors such as a limited workforce directed many companies to invest in automated alternative protein processing equipment, which is expected to boost the market at a relatively positive rate for companies offering automated alternative protein processing equipment.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5342

The alternative protein processing equipment market is segmented by type (dryers, centrifuges, filtration systems, mixing systems, evaporators, boilers, grinders, screw press, and other equipment), mode of operation (semi-automatic and automatic), production capacity (small & medium scale and large scale), application (plant proteins, insect proteins, microbial proteins), and geography. The study also evaluates industry competitors and analyzes the market at regional and country levels.

Based on type, in 2022, the dryers segment is expected to account for the largest share of the global alternative protein processing equipment market. However, the filtration systems segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to its benefits over conventional separation methods, rising awareness about filtration processes, and increasing demand for better quality products.

Based on mode of operation, in 2022, the semi-automatic segment is expected to account for the largest share of the global alternative protein processing equipment market. The large market share of this segment is attributed to its benefits, such as greatly improved labor productivity, flexibility in production processes, and technical & economic feasibility .However, the automatic segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the advantages of automated alternative protein processing equipment, such as higher production volumes, reduced labor costs, and improved precision and accuracy.

Based on production capacity, the small & medium scale segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to rising government support for the development of small-scale processing enterprises, low financial needs, and increased productivity.

Quick Buy – Alternative Protein Processing Equipment Market- Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/37143657

Based on application, in 2022, the plant proteins segment is expected to account for the largest share of the alternative protein processing equipment market. The large share of this segment is attributed to factors such as the growing demand from food & beverage manufacturers, the increase in the vegan population, the rising number of plant-based product launches, and the large presence of plant protein manufacturers. However, the insect protein segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is driven by factors such as the growing demand for environment-friendly protein-rich food and rising investments in edible insect farming.

Based on geography, in 2022, North America is expected to account for the largest share of the global alternative protein processing equipment market. The large market share of this region is attributed to the high presence of key alternative-protein manufacturers, growing awareness of vegan products, well-established economies, and increased investment in research & development of food processing equipment. However, Asia-Pacific is slated to register the highest CAGR during the forecast period.

The alternative protein processing equipment market has witnessed several product launches, partnerships, agreements, and collaborations in recent years. The key players operating in the alternative protein processing equipment market are Alfa Laval AB (Sweden), The Bühler Holding AG (Switzerland), GEA Group Aktiengesellschaft (Germany), Flottweg SE (Germany), SPX FLOW, Inc. (U.S.), Coperion GmbH (Germany), Hosokawa Micron B.V. (Netherlands), Netzsch-Feinmahltechnik GmbH (Germany), SiccaDania (Denmark), Koch Separation Solutions (U.S.), Bepex International LLC (U.S.), Clextral (France), ANDRITZ Group (Austria), and Maschinenfabrik Reinartz GmbH & Co. KG (Germany).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/alternative-protein-processing-equipment-market-5342

According to a new market research report titled, ‘Digital Payment Market by Offering (Solution & Services), Payment Mode (Digital Wallets, Banking Cards, POS, Internet Banking), End User (BFSI, Retail, Travel & Hospitality, Healthcare, Others), Organization Size and Geography – Global Forecasts to 2029,’ the digital payment market is projected to reach $274.61 billion by 2029, at a CAGR of 16.6% from 2022 to 2029.

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5410

Digital payments are transactions that take place via digital or online modes, with no physical exchange of money involved. This means that both parties, the payer and the payee, use electronic mediums to exchange money. Digital payment transactions have grown rapidly in emerging markets during the past two years as the pandemic accelerated shifts to contactless payments and e-commerce.

The growth of this market is attributed to the increased adoption of digital payment modes, rising government initiatives for the adoption of digital payment and growing partnerships between banks and fintech to leverage customer experience. In addition, the increasing use of payment applications across different industry verticals and the rising adoption of contactless payment are expected to offer significant opportunities for the growth of this market. However, a low level of awareness of online payments in rural areas can restrain the growth of this market to some extent.

Impact of COVID-19 on the Digital Payment Market

The outbreak of the COVID-19 pandemic resulted in increased usage of digital payment modes, leading to a significant increase in the growth of the payment security market. According to ACI Worldwide Inc., a payment systems company, real-time payments are expected to witness exponential growth due to the COVID-19 pandemic, with more than half a trillion transactions and a compound annual growth rate of almost 23% between 2019 and 2024.

Digital payment firms such as PhonePe, Paytm, and Amazon Pay witnessed a nearly 50% spike in transactions through their digital wallets since the COVID-19 pandemic. The sudden increase in digital adoption dramatically advanced the digital transformation agendas for numerous banks, with banking leaders recognizing online banking services as a critical means for increasing customer retention and growing revenue streams through personalized services. The impact of the COVID-19 pandemic accelerated the adoption of a broad range of digital banking offerings and shifted consumers of all ages away from traditional banking branches and ATMs at an unprecedented pace.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5410

The digital payment market is segmented based on offering (solutions and services), payment mode (digital wallets, banking cards, pos, and internet banking), end user (BFSI, retail, travel & hospitality, healthcare, and others), organization size, and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

Based on offering, the digital payment market is segmented into solutions and services. In 2022, the solutions segment is expected to account for the largest share of the global digital payment market. The growth of the segment is attributed to the declining cash usage, the growing e-commerce industry, development in mobile payment technology, and increased use of mobile wallets.

Based on payment mode, the digital payment market is segmented into digital wallets, banking cards, point of sales, internet banking, and other payment modes. In 2022, the digital wallets segment is expected to account for the largest share of the global digital payment market. Additionally, this segment is expected to grow at the highest CAGR during the forecast period. Factors such as increasing population, rising adoption of smartphones, rising number of internet subscribers, and rapid growth in the retail and e-commerce sector across the countries such as India and China are driving the market.

Based on end user, the digital payment market is segmented into BFSI, retail, travel and hospitality, healthcare, IT and telecom, media and entertainment, and others. In 2022, the BFSI segment is expected to account for the largest share of the global digital payment market. The rising demand for digital remittances for cross-border and domestic transactions is encouraging banks to adopt digital payment solutions. Moreover, banks are also enhancing their offerings to compete with digital payment solutions providers, such as Google, Amazon, and Facebook.

However, the retail segment is expected to grow with the highest CAGR during the forecasted period. Retail e-commerce sales are rapidly increasing due to government support, increased smartphone penetration, and application usage, and the promise of a better shopping experience is likely to boost. The increasing usage of mobile payments in the retail industry, primarily in the e-commerce sector, boosts the digital payment market in the retail sector.

Quick Buy – Digital Payment Market- Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/30539504

Based on organization size, the digital payment market is segmented into large enterprises, small and medium-sized enterprises. In 2022, the large enterprises segment is expected to account for the largest share of the global digital payment market. Additionally, this segment is also expected to grow at the highest CAGR during the forecast period. The increasing number of high valuations transactions in large enterprises is compelling these enterprises to opt for premium digital payment solutions.

Based on geography, the digital payment market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the digital payment market. North America’s strong financial position enables it to invest heavily in advanced solutions and technologies, which has provided regional organizations with a competitive edge in the market. The growing use of smartphones, increasing internet speed and reliability, and a growing user base of tech-savvy millennials provide significant opportunities for this market’s growth and integration. In addition, the rising consumer shift towards online payment mode is driving the growth of this market. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period.

The report also includes an extensive assessment of the key growth strategies adopted by the leading market participants between 2020 and 2022. The key players operating in the digital payment market are PayPal Holdings, Inc. (U.S.), Fiserve, Inc. (U.S.), FIS (U.S.), Block, Inc., formerly Square, Inc. (U.S.), Stripe, Inc. (U.S.), Visa, Inc. (U.S.), Mastercard (U.S.), Worldline (France), Temenos (Switzerland), PayU (Netherlands), Apple Inc. (U.S.), JPMorgan Chase & Co. (U.S.),  WEX Inc. (U.S.), ACI Worldwide, Inc. (U.S.), and FleetCor Technologies, Inc. (U.S.).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/digital-payment-market-5410

Scope of the report:

Digital Payment Market, by Offering                                            

• Solution
  • Payment Gateway Solutions
  • Payment Processing Solutions
  • Payment Wallet Solutions
  • Payment Security and Fraud Management Solutions
  • Point of Sale Solutions
• Services
  • Integration Services
  • Support Services
  • Consulting Services

Digital Payment Market, by Payment Mode

• Digital Wallets
• Banking Cards
• Point of Sales
• Internet Banking
• Others Payment Modes

Digital Payment Market, by End User

• BFSI
• Retail
• Travel and Hospitality
• Healthcare
• IT and Telecom
• Media and Entertainment
• Other End Users

Digital Payment Market, by Organization Size

• Large Enterprises
• Small and Medium-sized Enterprises

Digital payment Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • Singapore
  • Malaysia
  • Indonesia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Israel
  • Rest of the Middle East & Africa

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5410

  According to a new market research report titled, ‘Connected Logistics Market by Offering, Transportation Mode (Roadways, Railways), Application (Inventory Tracking, Real-Time Fleet Management, Others), End-use Industry (Automotive, Healthcare & Pharmaceuticals, Others), and Geography – Global Forecast to 2029′, the connected logistics market is expected to grow at a CAGR of 11.5% from 2022 to 2029 to reach $57.75 billion by 2029.

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5363

Connected logistics enables better control over inventory distribution, sorting, and cross-docking, among other processes, ensuring timely delivery, optimized distribution, increased labor productivity, and greater customer satisfaction, ultimately leading to higher profits.

The growth of this market is attributed to the rising need for efficient warehouse management and the increasing adoption of IoT, cloud, and other technologies across industries. In addition, the incorporation of blockchain technology in freight management and the growing scope of leveraging connected logistics in developing regions are expected to offer significant opportunities for the growth of this market. However, the lack of standardization can restrain the market growth of this market.

Increasing Adoption of IoT, Cloud, and Other Technologies across Industries is Expected to Drive the Growth of Connected Logistics Market

The successful implementation of connected logistics solutions heavily depends on data communication, cloud, mobility, sensors, and the overall IoT architecture. Rapid advancements in these areas have enabled better connectivity, developing connected logistics ecosystems.

The need for better integration, improved process efficiency, real-time reporting, greater visibility, and improved communications drives the adoption of advanced technologies in the connected logistics market. Advances in IoT technology are also expected to support the growth of the connected logistics market. The Internet of Things allows linking individuals and devices across networks, helping improve route design, emergency preparedness, and security. For instance, in the U.S., more than 70% of all goods are transported by trucks. Thus, logistics companies need solutions to help them manage their truck operations. Location & route management IoT solutions can help monitor the location of the trucks in real-time. Routes can also be monitored from remote locations using GPS tracking systems and geofencing techniques, which further helps logistics companies track cargo and ensure timely delivery. Moreover, the real-time notifications provided by these vehicle tracking solutions can alert users about events such as thunderstorms or accidents that may affect shipment status.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5363

Using these technologies, manufacturing, transportation, utilities, and other industries can eliminate delays and other barriers and mitigate risks, streamlining business processes and ensuring customer satisfaction. Thus, the rising need for greater visibility and better inventory management has boosted the adoption of innovative technologies, driving the growth of the global connected logistics market.

To provide efficient analysis, Meticulous Research® has segmented this market based on offering (solutions and services), transportation mode (roadways, railways, airways and maritime), application (inventory tracking, optimized warehousing, real-time fleet management, predictive maintenance, cargo integrity monitoring, end-to-end delivery tracking, and other applications), end-use industry (automotive, healthcare & pharmaceuticals, oil & gas, food & beverage, aerospace & defense, manufacturing, IT & telecommunications, retail & e-commerce, and other end-use industries), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa).

Based on offering, the connected logistics market is segmented into solutions and services. In 2022, the solutions segment is expected to account for the largest share of the global connected logistics market. However, the services segment is expected to grow with the highest CAGR during the forecasted period. The rise in demand for organizations’ growing need for real-time visibility into operations for diagnosing and troubleshooting problems before they impact the business or customer experience is driving the adoption of connected logistics services.

Based on transportation mode, the connected logistics market is broadly segmented into roadways, railways, airways, and maritime. In 2022, the roadways segment is expected to account for the largest share of the global connected logistics market. The growth of this segment is mainly attributed to the rising need for road safety, reduced traffic congestion, better and sustainable roadways, and increasing government initiatives and investments in infrastructure development. Additionally, the railways segment is expected to grow with the highest CAGR during the forecast period.

Quick Buy –      Connected Logistics Market – Global Opportunity Analysis And Industry Forecast (2022-2029), Research Report: https://www.meticulousresearch.com/Checkout/92673257

Based on application, the connected logistics market is segmented into inventory tracking, optimized warehousing, real-time fleet management, predictive maintenance, cargo integrity monitoring, end-to-end delivery tracking, and other applications. In 2022, the inventory tracking segment is expected to account for the largest share of the global connected logistics market. The benefits of IoT-powered, connected inventory tracking solutions, such as complete visibility into inventory movement, improved accuracy, and reduced error-prone manual operations via automated scanning of inbound and outbound items, are expected to drive segment growth. However, the end-to-end delivery tracking segment is expected to grow with the highest CAGR during the forecast period.

Based on end-use industry, the connected logistics market is broadly segmented into automotive, healthcare & pharmaceuticals, oil & gas, food & beverage, aerospace & defense, manufacturing, IT & telecommunications, retail & e-commerce and other end-use industries. In 2022, the retail & e-commerce segment is expected to account for the largest share of the global connected logistics market. However, the automotive segment is expected to grow at the highest CAGR during the forecast period. Factors such as the rising need to optimize visibility and introduce effective risk management solutions for potential issues in the logistics of automotive parts are expected to drive the segment growth.

Based on geography, the connected logistics market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2022, North America is expected to account for the largest share of the connected logistics market. The growth in this region is mainly driven by the factors such as increasing initiatives toward public safety, growing traffic congestion problems, favorable government initiatives for effective traffic management, increasing adoption of eco-friendly automobile technologies, and the development of smart cities. However, Asia-Pacific is expected to witness rapid growth during the forecast period owing to heavy investments in megacity projects and the perpetual ongoing process of modernizing local transportation networks to facilitate trade exchanges.

Some of the key players operating in the connected logistics market are International Business Machines Corporation (U.S.), SAP (Germany), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), Freightgate Inc. (U.S.), ORBCOMM (U.S.), AT&T Intellectual Property (U.S.), Honeywell International Inc. (U.S.), Bosch Service Solutions GmbH (Germany), HCL Technologies Limited (Noida), Infosys Limited (Bengaluru), Eurotech S.p.A. (Italy), Microsoft (U.S.), Siemens (Germany), Oracle (U.S.), Zebra Technologies Corp. (U.S.), Cloud Logistics (U.S.), NEC Corporation (Japan), Accenture (Ireland), and Sigfox (France).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/connected-logistics-market-5363

Meticulous Research®—a leading global market research company, published a report titled, ‘Penetration Testing Market by Offering, Position, Type, Method (Black Box Testing, White Box Testing), Visibility (Covert Pen Testing, Automated Pen Testing), and End User (BFSI, Healthcare, Automotive, Others), and Geography – Global Forecast to 2029.’

According to the latest publication from Meticulous Research®, the global penetration testing market is expected to reach $4.05 billion by 2029, at a CAGR of 12.5% during the forecast period 2022–2029. The growth of this market is driven by a surge in the need to identify cybersecurity threats and risks across enterprise networks, adherence to regulatory compliance and laws for the implementation of penetration testing solutions and services, and the growing demand for web application firewalls. However, the high turnaround time and cost may restrain the implementation of penetration testing technologies.

In addition, the rising demand for cloud computing solutions among SMEs, the growing need for PTaaS and security assessment, increasing awareness regarding the benefits of penetration testing technology in the medical field/imaging, the increasing initiatives by governments for digitalization in penetration testing, and the rising number of data centers are expected to offer significant opportunities for growth of this market. The lack of skilled professionals is a major challenge to the growth of this market.

The global penetration testing market is segmented by offering, position, method/depth, test type, visibility, organization size and end user. The study also evaluates industry competitors and analyzes the market at regional and country levels.

Key questions answered in the report-

• Which are the high-growth market segments based on offering, position/location, method/depth, test type, visibility, organization size and end user?
• What was the historical market for penetration testing technologies?
• What are the market forecasts and estimates for the period 2022–2029?
• What are the major drivers, restraints, opportunities, and challenges in the global penetration testing market?
• Who are the major players, and what shares do they hold in the global penetration testing market?
• How is the competitive landscape in the penetration testing market?
• What are the recent developments in the penetration testing market?
• What are the different strategies adopted by the major players in the penetration testing market?
• What are the key geographic trends, and which are the high-growth countries?

Based on offering, the global penetration testing market is segmented into solutions and services. In 2022, the solutions segment is expected to account for the largest share of the global penetration testing market. The large market share of this segment is attributed to various enterprises that rapidly accept it for its flexible, affordable, easy, and scalable features. Additionally, it provides the highest level of data security and reliability. Furthermore, the increasing use of internet services, collaboration among antivirus providers and technology manufacturers such as mobile and computer, and internet banking and e-commerce transaction fuel the need for solutions. However, the services segment is projected to register the highest CAGR during the forecast period.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/penetration-testing-market-5381 

Based on position/location, the global penetration testing market is segmented into external network and internal network. In 2022, the external network segment is expected to account for the largest share of the global penetration testing market. The large market share of this segment is attributed to identifying security exposures and vulnerabilities before hacking, ensuring compliance with security standards and regulations, and rising demand for a faster and cheaper network. However, the internal network segment is projected to register the highest CAGR during the forecast period.

Based on method/depth, the global penetration testing market is segmented into black box testing, white box testing, and gray box testing. In 2022, the gray box testing segment is expected to account for the largest share of the global penetration testing market. The growth of this segment is attributed to the rising demand for efficiency and accuracy of testing in organizations, a surge in the number of aspects in web applications, and the growing need to test domains based on necessity. However, the white box segment is projected to register the highest CAGR during the forecast period.

Based on test type, the global penetration testing market is segmented into infrastructure or network testing, application testing, wireless (Wi-Fi) testing, configuration/build review testing, social engineering, and other test types. In 2022, the infrastructure or network testing segment is expected to account for the largest share of the global penetration testing market. The large market of this segment is attributed to the rising need for identifying exposed vulnerabilities and security weaknesses in the network infrastructure such as servers, firewalls, switches, routers, printers, and workstations, rising penetration of integrated security solutions & IP traffic, and increasing demand for better and more intelligent testing solutions that assess unauthorized access and leak of confidential, sensitive or personal information from within the organization. However, the application testing segment is projected to register the highest CAGR during the forecast period.

Based on visibility, the global penetration testing market is segmented into overt penetration testing, convert penetration testing, and automated penetration testing. In 2022, the covert penetration testing segment is expected to account for the largest share of the global penetration testing market. The large market of this segment is attributed to the rise in the number of vulnerabilities not only in the system but also undetected vulnerabilities to a system, growing demand among organizations to test the IT security teams’ ability to respond to a cyberattack, and adherence to law enforcement. However, the automated pen testing segment is projected to register the highest CAGR during the forecast period.

Based on organization size, the global penetration testing market is segmented into large enterprises and small and medium-sized enterprises. In 2022, the large enterprises segment is expected to account for the largest share of the global penetration testing market. The large market share of this segment is attributed to the early adopters of advanced technologies such as AI and blockchain that directly impact revenue growth, increasing focus on developing strategic IT initiatives, and consistently deploying state-of-the-art firewall protection solutions to stay ahead of cybercriminals. However, the small and middle-sized enterprises segment is projected to register the highest CAGR during the forecast period.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5381

Based on end user, the global penetration testing market is segmented into BFSI, manufacturing, retail & e-commerce, education, IT & telecommunication, healthcare, media & entertainment, transport & logistics, automotive, government & public sector, and other end users. In 2022, the BFSI segment is expected to account for the largest share of the global penetration testing market. The large market share of this segment is attributed to the large volume of highly sensitive financial data of individuals, governments, and public and private corporations that are highly vulnerable to data breaches and cyberattacks, the rapidly increasing transactions through cloud-based QR/UPI, growing need to ensure confidentiality, integrity, and operations of customer transactions, and the enforcement of regulatory security compliance. However, the healthcare industry segment is projected to register the highest CAGR during the forecast period.

Based on geography, the global penetration testing market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2022, North America is expected to account for the largest share of the penetration testing market. The growth of this region is attributed to the rise in the number of cyberattacks on networks, especially in private and government companies, a surge in demand for advanced security and vulnerability management solutions in the healthcare industry, and increasing investments for R&D process and widespread adoption of the penetration testing technology across various verticals, growing emphasis towards web security & privacy concerns, and rise emergence of disruptive digital technologies. However, the Asia-Pacific region is projected to register the highest CAGR during the forecast period.

Key Players

The key players operating in the global penetration market are Rapid7 (U.S.), Synopsys, Inc. (U.S.), Cisco Systems, Inc. (U.S.), International Business Machines Corporation (U.S.), Acunetix (U.K.), ASTRA IT, Inc. (U.S.), ScienceSoft (U.S.), SECURIFY BV (Netherlands), BreachLock Inc. (U.S.), Fortinet, Inc. (U.S.), SecureWorks, Inc. (U.S.), Netragard (U.S.), Cigniti Technologies Ltd. (U.S.), Rhino Security Labs, Inc (U.S.), FireEye (U.S.), Veracode (U.S.), NetSPI LLC. (U.S.), Trustwave Holdings, Inc. (U.S.), Coalfire (U.S.), and Software Secured (Canada).

Download PDF Brochure @  https://www.meticulousresearch.com/download-sample-report/cp_id=5381

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

 Meticulous Research®— a leading global market research company, published a research report titled “Cloud Security Market by Component (Solutions, Services), Security Type (Network Security, Application Security), Service Model, Organization Size, and End User (BFSI, Government, Retail, and Other End Users) – Global Forecast to 2029.”

According to this latest publication from Meticulous Research®, the cloud security market is expected to reach $83.03 billion by 2029, at a CAGR of 13.1% from 2022 to 2029.The growth of the cloud security market is driven by the growing significance of cloud security solutions in the BFSI sector, the increasing sophistication of cyberattacks and espionage, the rising number of cloud security regulations, and the growing adoption of BYOD devices. Furthermore, the development of smart infrastructure and the growing need for cloud security solutions among SMEs is expected to offer significant growth opportunities for the cloud security market. However, lack of visibility/control restrains the market’s growth.

To provide efficient analysis, Meticulous Research® has segmented this market based on component (solutions and services), security type (network security, application security, endpoint security, other security types), organization size (large enterprises, SMEs), service model (IaaS, PaaS, SaaS), end user (BFSI, retail, government, aerospace & defense, IT & telecom, healthcare, manufacturing, energy & utilities, and other end users), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5379

Based on component, in 2022, the solutions segment is expected to account for the larger share of the cloud security market. The large market share of this segment is attributed to the increasing focus on solution-centric security capabilities, the rise in cybercrime and espionage, and the increasing R&D investments to improve cloud security solutions. In addition, the benefits offered by cloud security solutions, such as advanced threat detection, data security, and regulatory compliance, contribute to this segment’s growth. However, the services segment is slated to register the higher CAGR during the forecast period due to the wide adoption of cloud security services across BFSI, retail, and healthcare sectors, resulting in the increased demand for consulting, training & support, and integration services.

Based on security type, in 2022, the network security segment is expected to account for the larger share of the cloud security market. The large market share of this segment is attributed to the growing adoption of the BYOD devices trend, the increasing cyber threats at network points, and the increasing need for network security & privacy. This segment is also slated to register the higher CAGR during the forecast period.

Based on organization size, in 2022, the large enterprises segment is expected to account for the larger share of the cloud security market. The large market share of this segment is attributed to the high spending capabilities of large enterprises resulting in the increased adoption of cloud security solutions & services and the availability of skilled IT personnel for the management of cloud security platforms. Furthermore, large enterprises focus on desired security channels against cyber threats to retain customers, boost sales, and validate necessary steps to overcome market interruptions. However, the small & medium enterprises segment is slated to register the higher CAGR during the forecast period.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5379

Based on end user, in 2022, the retail segment is expected to account for the largest share of the cloud security market. The large market share of this segment is attributed to the rising penetration of e-commerce platforms, the increasing number of ransomware attacks and online thefts, and the growing need for end-to-end security. In addition, the benefits offered by cloud security, such as data recovery, data security, threat detection, and enabling a greater online shopping experience, contribute to this segment’s growth. However, the healthcare segment is projected to record the highest CAGR during the forecast period due to the rising need for effective cloud security measures and securing connected medical devices.

Based on geography, in 2022, North America is expected to account for the largest share of the cloud security market. North America’s major market share is attributed to the presence of prominent cloud security companies, such as Microsoft Corporation (U.S.), IBM Corporation (U.S.), and Cisco Systems, Inc. (U.S.). In addition, the high adoption rate of cloud security solutions to enhance IT infrastructure and leverage the benefits of new technologies, such as AI, contributes to the growth of this regional market.

However, Asia-Pacific is expected to witness the fastest growth rate during the forecast period. The high market growth in Asia-Pacific is driven by the rapid growth rate of developing economies, the increasing number of cybercrimes, and the growing awareness about the importance of cloud security among small and medium-sized organizations.

Key Players

The key players operating in the cloud security market are Microsoft Corporation (U.S.), IBM Corporation (U.S.), Checkpoint Software Technologies, Ltd. (Israel), Broadcom, Inc. (U.S.), Palo Alto Networks, Inc. (U.S.), Cisco Systems, Inc. (U.S.), McAfee, LLC. (U.S.), Fortinet, Inc. (U.S.), Imperva, Inc. (U.S.), Cloudflare, Inc. (U.S.), Aqua Security Software Ltd. (Israel), Qualys, Inc. (U.S.), Tenable, Inc. (U.S.), Netskope, Inc. (U.S.), and CrowdStrike, Inc. (U.S.).

Browse in-depth Report : https://www.meticulousresearch.com/product/cloud-security-market-5379

Key questions answered in the report:

• Which are the high-growth market segments in terms of the component, operating system, end user, and geography?
• What is the historical market size for cloud security across the globe?
• What are the market forecasts and estimates for the period 2022–2029?
• What are the major drivers, restraints, and opportunities in the global cloud security market?
• Who are the major players in the global cloud security market, and what market shares do they hold?
• How is the competitive landscape?
• What are the recent developments in the global cloud security market?
• What are the different strategies adopted by the major players in the market?
• What are the geographic trends and high-growth countries?
• Who are the local emerging players in the global cloud security market, and how do they compete with other players?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research