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 According to a new market research report titled, ’IoT in Manufacturing Market by Component (Platform, Connectivity), Application (Resource Optimization, Machine Inspection & Maintenance), End User (Automotive, Medical Devices) and Geography—Global Forecast to 2029’, the global IoT in manufacturing market is expected to register a CAGR of 13.7% from 2022–2029 to reach $233.6 billion by 2029.

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The rising demand for industrial automation in manufacturing and growing investments in Industry 4.0 are the major factors driving the growth of this market. However, data security and privacy issues in IoT can restrain market growth to a certain extent. Emerging 5G technology to help IoT adoption is expected to offer significant opportunities for the growth of this market.

Impact of COVID-19 on the IoT in Manufacturing Market

In the first quarter of 2020, the world was severely impacted by the COVID-19 pandemic. The effects of the COVID-19 outbreak can be seen throughout every industry, especially in the manufacturing sector. Business operations across the manufacturing sector have been disrupted due to shortages in raw materials & workforce, supply chain disruption, and restrictions on operating capacities. Despite the disruptive impact of COVID-19, organizations are planning to increase their investments in the Internet of Things (IoT) as a rapid increase in the adoption of industrial internet of things (IoT). Thus, the pandemic influenced the manufacturing industry to reduce its dependency on manual labor and adapt to advanced technologies such as AI, machine learning, and IoT.

With the adoption of IoT in manufacturing, manufacturers have observed improved productivity, higher quality, near-zero design error, energy efficiency, leaner process, flexibility in production scale, increased agility, improved predictability, and enhanced monitoring of the processes. Thus, the adoption of IoT technology influenced business operations worldwide to sustain business operations. Thus, the COVID-19 pandemic has positively impacted the global IoT in manufacturing market. This adoption trend of IoT technology is anticipated to continue and grow during the forecasted period.

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The report also includes an extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past four years (2020–2022).

The key players operating in the global IoT in Manufacturing market are General Electric Company (U.S.), Emerson Electric Co. (U.S.), Intel Corporation (U.S.), Cisco Systems, Inc. (U.S.), SAP SE (Germany), International Business Machines Corporation (U.S.), Siemens AG (Germany), PTC Inc. (U.S.), Robert Bosch GmbH (Germany), Atos SE (France), Microsoft Corporation (U.S.), HCL Technologies Limited (India), Zebra Technologies Corporation (U.S.), Schneider Electric (France), Oracle Corporation (U.S.), Hitachi, Ltd. (Japan), and Software AG (Germany).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/iot-in-manufacturing-market-5371

Scope of the Report:

IoT in Manufacturing Market, by Component 

• Hardware                            
• Platform
  • Network Management
  • Device Management
  • Application Management
  • Data Management
• Services
• Connectivity
  • Satellite Network
  • Cellular Network
  • Near Field Communication (NFC)
  • Other Connectivity Modes

IoT in Manufacturing Market, by Deployment Mode     

• On-premise Deployment Mode
• Cloud-based Deployment Mode                      

IoT in Manufacturing Market, by Organization Size     

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

IoT in Manufacturing Market, by Application 

• Surveillance & Safety
• Quality Management
• Resource Optimization
• Inventory & Warehouse Management
• Machine Inspection & Maintenance
• Production Planning
• Energy Management
• Smart Robotics                  

IoT in Manufacturing Market, by End User                    

• Automotive
• Electronics & Semiconductors
• Heavy Metals & Machine Manufacturing
• Energy & Utility
• Aerospace and Defense
• Medical Devices
• Pharmaceuticals
• Other End Users

IoT in Manufacturing Market, by Geography                

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Rest of Asia-Pacific
• Latin America      
• Middle East & Africa

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Related Report:

Smart Manufacturing Market – Global Opportunity Analysis and Industry Forecast (2022–2029)
https://www.meticulousresearch.com/product/smart-manufacturing-market-5265

According to a new market research report titled, “Dairy Ingredients Market by Source (Milk, Whey), Type (Milk Powder, Whey Protein, Milk Protein, Third- Generation Ingredients, Casein), and Application (Pediatric, Sports Nutrition, Medical Nutrition, Functional Food, Bakery)- Global Forecast to 2027”, published by Meticulous Research^®, dairy ingredients market is projected to reach a value of $71.5 billion by 2027, growing at a CAGR of 4.1% during the forecast period. In terms of volume, the market is expected to reach 16,074.0 kilotons by 2027, at a CAGR of 1.4% from 2020-2027.

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Dairy ingredients market is mainly driven by the adoption of improved and advanced supply chain management in storage technology, rising population and urbanization, and growing health-aware consumers. Moreover, emerging economies in Asia-Pacific, Latin America, and Africa are contributing to the growing demand for dairy ingredients for food fortification, thereby providing a significant growth opportunity to the manufacturers in the dairy ingredients market. However, the increasing preference for plant-based protein over animal-based protein, rising incidence of lactose-intolerant people, and unethical methods of milk production are some of the key factors obstructing the growth of the market to some extent.

COVID 19 Impact on Dairy Ingredients Market

The effect of COVID- 19 has had a wide-scale impact on the daily life of the common man and has also affected businesses ranging from small to large scale, and the dairy sector is one among them. The blow on the dairy industry is estimated to be higher than any other agriculture sector due to the perishable nature and short shelf life of the key ingredient i.e. milk. The disruption to the supply chain has resulted in a wastage of enormous amounts of fresh milk/milk products. The sales to major dairy export markets have dried up as the majority of foodservice sectors have shut down globally. Further, the dairy companies are significantly facing reduced consumption of dairy ingredients; supply chain challenges; and limited workforce at the plant, harvest, and distribution centres due to the travel restrictions. The present imbalance and crisis circumstances have adversely affected the global market for dairy ingredients. During a global pandemic, numerous dairy industries are struggling to mitigate impacts from a potential global recession. Despite the huge loss, the market is expected to show a slow recovery once the situation begins to normalize. Consumption will pick up gradually, but is unlikely to be enough to compensate for the previous losses.

The global dairy ingredients market study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented on basis of source, type, and application. The study also evaluates industry competitors and analyses the market at a country level.

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Based on source, the dairy ingredients market is segmented into milk and whey. The dairy ingredients milk source segment is estimated to command the largest share of the overall dairy ingredients market in 2020. The large share of this segment is mainly attributed to the factors such as varied functional properties exhibited by the milk powder (emulsifying capacity, foaming and whipping ability, hygroscopic etc.) in food industries; the longer shelf life of these ingredients which reduces the cost for special packaging and refrigeration for storage which notably benefits the manufacturer and end-users in terms of economy; increasing consumption in infant formulas, confectionaries, savory, and baked products due to its nutritional benefits; and willingness of consumers to expend more on qualitative products. However, the whey segment is projected to grow with the fastest CAGR during the forecast period. The increase in demand for whey-based ingredients in medical and sports nutrition and the rising trend of healthy snacking culture is contributing to the rapid growth of the whey-based ingredients market during the forecast period.

Based on type, the milk powder segment is estimated to command the largest share of the overall dairy ingredients market in 2020. The large share of this segment is primarily accounted for the factors such as longer shelf life of the product; low storage and transportation cost; and increasing consumption in infant formulas, confectionaries, savoury, and baked products due to its nutritional benefits. However, the milk protein segment is projected to grow with the fastest CAGR during the forecast period. The fast growth of this segment is mainly attributed to the increasing demand in food processing industries due to its versatile functionality. For instance, its consumption is rapidly increasing in protein bars, meal replacement powder, high protein clinical formulation, and dietetic products. Additionally, the rising trend of healthy snacking culture and expansion of active nutrition will further contribute to the rapid growth of the milk protein segment during the forecast period.

Based on application, the bakery and confectionery segment is estimated to command the largest share of the overall dairy ingredients market in 2020. The large share of this segment is mainly attributed to the factors such as rising per capita consumption of bakery and confectionery products; and rising acceptance of sugar-free, healthy, and functional ingredient-based bakery products across the globe. Owing to the public taste, colour, and easily digestible nature, bakery products are globally being consumed by all age groups and the global appetite continues to grow with emerging innovative bakery and confectionery products. Further, the growth projection in the bakery market is due to an increasing consumption of trendy fruit snacks, sweet biscuits, and snack bar with reduced additives and natural ingredients. However, the sports nutrition segment is projected to grow with the fastest CAGR during the forecast period. The factors attributed to the rapid growth of this segment are rising fitness industry; increase in distribution channels of sports nutrition; and rising demand for protein bars, energy drinks, and other healthy snacks.

Geographically, Asia Pacific region is estimated to command the largest share of the global dairy ingredients market in 2020, followed by Europe and North America. Also, the Asia-Pacific region is projected to show lucrative growth potential for the dairy ingredients market during the analysis period. The growth in the Asia-Pacific region is mainly attributed to the factors such as increasing demand for quality products, rising infant population, government initiatives to eliminate child malnutrition status regionally, rising disposable income, and increasing urbanization.

Some of the key players operating in the global dairy ingredients market are Nestle S.A., Fonterra Cooperative Group, Royal FrieslandCampina N.V., Arla Foods, Lactalis Group, Dairy Farmers of America Inc., Agropur Cooperative, Schreiber Foods Inc., Savencia S.A., Glanbia PLC., Gujarat Cooperative Milk Marketing Federation Ltd. (AMUL), Meiji Holdings Co., Ltd., Mengniu Dairy Co., Ltd., Megmilk Snow Brand Co., Ltd.,  Yili China, Saputo Inc., Kraft Heinz Company, Agropur Inc, Morinaga Milk Co., Ltd., and Sodiaal International among others.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

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 Scope of the Report:

Dairy Ingredients Market by Source

• Milk
• Whey

Dairy Ingredients Market by Type

• Milk Powder
• Whey Protein
• Milk Protein
• Third- Generation Ingredient
• Casein
• Butter Milk Powder
• Whey Permeate
• Lactose

Dairy Ingredients Market by Application

• Pediatric
• Sports Nutrition
• Medical Nutrition
• Functional Food
• Bakery
• Confectionery
• Dairy
• Animal Feed
• Others

Dairy Ingredients Market by Geography

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • Russia
  • Italy
  • The U.K.
  • Spain
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • Thailand
  • Rest of Asia-Pacific (RoAPAC)
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa

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Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
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TOP 10 COMPANIES IN DAIRY INGREDIENTS MARKET

According to a new market research report titled “Food Safety Testing Market by Testing Type (Pathogens, Pesticides, GMO, and Toxins), Technology (Traditional and Rapid), and Food Tested (Meat, Poultry, & Seafood, Processed Food, Fruits & Vegetables, Dairy Products) – Global Forecast to 2027’, published by Meticulous Research®, the food safety testing market is expected to grow at a CAGR of 7.6% from 2020 to 2027 to reach $29.6 billion by 2027.

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Food testing is an essential part of the efficient production of harmless, valuable products. Today’s food industry demands inspection and testing to ensure good quality and protect public health. As adulteration is prevalent in the food industry, food testing requirement has a significant role. Food safety testing laboratories and food companies constantly conduct food safety tests to ensure that the product produced is edible using microbiological analysis. However, depending on the ingredients in the recipe, the laboratories recommend suitable testing for microbes.

The growth of the overall food safety testing market is backed by the rising incidence of food-borne illnesses, growing consumer awareness regarding the safety of food, implementation of stringent food safety regulations, and rising demand for convenience and packaged food products. Additionally, technological advancements for food safety testing methods provide significant growth opportunities for food safety testing manufacturers. However, the lack of infrastructure for food control, especially in developing nations, hinders this market’s growth to some extent. On the other hand, the lack of harmonization of food safety regulations poses a key challenge to the global food safety testing manufacturers.

The Impact of COVID-19 on the Food Safety Testing Market

The COVID-19 pandemic adversely hit many economies around the globe. As a measure to control the spread of this disease and avoid related severe consequences, governments across the globe announced partial or complete lockdown, which majorly impacted many manufacturing and service industries, including food safety testing.

There was an increasing consumer concern for processed food due to the outbreak of COVID-19 across different countries, leading to the increased demand for safe food. Due to the impact of COVID-19, in some areas, the food industry’s supply chain was disrupted or drastically changed with food business operators needing to adopt new business models, e.g. suppliers reorienting themselves to new markets. Food supply presented possible risks for infection, both environmentally (i.e. in food stores) or through contaminated foods/packaging. Apprehension pertaining to the safety of different types of food products is expected to increase the demand for tested food products in the coming years, driving the growth of the food safety testing market.

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To provide efficient analysis, Meticulous Research^® has segmented overall food safety testing market based on testing type (pathogens {salmonella, campylobacter, E.coli, listeria, and others}, pesticides, GMO, toxins, and others), technology (traditional and rapid {PCR, DNA sequencing/NGS, immunoassay, chromatography, and spectroscopy}), food tested (meat, poultry, and seafood, processed food, fruits & vegetables, dairy products, cereals & grains, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

Based on testing type, the food safety testing market is mainly segmented into pathogens, pesticides, Genetically Modified Organism (GMO), toxins, and others. The pathogens segment commanded the largest share of the overall food safety testing market in 2020. The large share of this segment is mainly attributed to the rising foodborne illness and food poisoning, implementation of stringent regulations pertaining to food safety, and growing consumer awareness regarding health. However, the GMO segment is expected to grow at the fastest CAGR during the forecast period.

Based on testing type, the pathogen food safety market is segmented into salmonella, campylobacter, E. coli, listeria, and others. The salmonella segment commanded the largest share of the overall pathogen food safety testing market in 2020. The large share of this segment is mainly attributed to the rise in prevalence of food products infection and increasing Salmonella bacteria infection in foods such as meat & poultry, dairy, processed food, cereal and grain, and fruits & vegetables.

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Based on technology, the food safety testing market is segmented into traditional and rapid technology. Rapid technology commanded the largest share of the overall food safety testing market in 2020. The large share of this segment is mainly due to factors such as multi-functional testing options in less time; flexible testing to end-user industry; increasing incidence of foodborne diseases, viruses, and other microbiological contaminants associated with inadequate storage conditions; and unsanitary food handling practices. Moreover, this segment is also expected to grow at the highest CAGR, mainly due to its ability to test a wide range of contaminants compared to traditional technology.

Based on type of food tested, the food safety testing market is mainly segmented into meat, poultry, and seafood, processed food, fruits & vegetables, dairy products, cereals & grains, and others. The meat, poultry, and seafood segment commanded the largest share of the overall food safety testing market in 2020, mainly attributed to growing meat production and consumption, increasing demand for seafood products such as shrimp, marlin, crabs, lobsters, tuna, etc., and increasing consumer awareness and foodborne pathogen outbreaks through meat, poultry, and seafood products. However, the fruits & vegetables segment is expected to witness significant growth.

Geographically, the North American region commanded the largest share of the global food safety testing market in 2020. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to the increasing demand for processed food products in emerging and developing countries such as India, China, Indonesia, & Thailand; the increasing number of poisoning outbreaks with consumption of contaminated meat; and the rise in cases of food degradation, such as contamination, pesticides, and artificial taste enhancer.

The key players operating in the global food safety testing market are SGS SA (Switzerland), Intertek Group plc (U.K.), Eurofins Scientific S.E. (Luxembourg), Thermo Fisher Scientific Inc. (U.S.), ALS Limited (Australia), Bureau Veritas SA (France), Merieux NutriSciences Corporation (U.S.), AsureQuality Limited (New Zealand), Microbac Laboratories, Inc. (U.S.), Romer Labs Division Holding GmbH (Austria), TÜV SÜD AG (Germany), NEOGEN Corporation (U.S.), FoodChain ID Group, Inc. (U.S.), R J Hill Laboratories Limited (New Zealand), Symbio Laboratories (Australia), and BIOTECON Diagnostics GmbH (Germany) among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/food-safety-testing-market-5111

Scope of the report:

Food Safety Testing Market, by Testing Type              

• Pathogens
  • Salmonella
  • Campylobacter
  • E. coli
  • Listeria
  • Others
• Pesticides
• Genetically Modified Organism (GMO)
• Toxins
• Others

Food Safety Testing Market, by Technology

• Traditional
• Rapid
  • Polymerase Chain Reaction (PCR)
  • DNA Sequencing/NGS
  • Immunoassay
  • Chromatography
  • Spectroscopy

Food Safety Testing Market, by Food Tested

• Meat, Poultry, and Seafood
• Processed Food
• Fruits & Vegetables
• Dairy Products
• Cereals & Grains
• Others

Food Safety Testing Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Poland
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific (RoAPAC)
• Rest of World
  • Latin America
  • Middle East & Africa

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Mr. Khushal Bombe
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According to a new market research report titled ‘Smart Packaging Market by Packaging Technology (Modified Atmosphere Packaging, Active Packaging {Ethanol Emitters}, Intelligent Packaging {Indicators}), Application (Food & Beverage, Pharmaceuticals, Automotive), and Geography – Global Forecast to 2027,’ the smart packaging market is projected to reach $43.6 billion by 2027, at a CAGR of 5.2% during the forecast period.

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The demand for smart packaging in the food processing and pharmaceutical industries is growing mainly due to factors, such as demographic and economic changes, demand for processed foods, the need to extend the shelf life of packed products, food safety issues, increasing health awareness, and the need for better management of supply chains. According to the Institute of Food Technologists, the global sales of packaged foods and drinks crossed $2.1 trillion in 2017 and are projected to increase at a compound annual growth rate (CAGR) of 2.2% through 2022. Hence, the advantages of smart packaging such as a reduction in food wastage, higher food safety, consumer convenience, better management of food supply chains, and growth in the sales of packaged foods and drinks are expected to boost the demand for smart packaging. Moreover, the applications of smart packaging are increasing in the pharmaceutical sector mainly due to challenges such as medication intake errors or counterfeit drugs. For instance, according to a survey carried out on behalf of MeadWestvaco (a U.S.-based packaging firm), 30%–50% of prescribed drugs are taken incorrectly. Smart packaging offers several benefits for pharmaceutical applications, such as smart packs that have alarms that trigger at the time of the next dosage. Besides, smart packaging protects pharmaceuticals and other medical supplies from oxygen and moisture, thereby playing an important role in ensuring that they are effective and completely safe for patients. Also, it provides information about expiry dates, composition, and dosages to healthcare professionals, pharmacists, and patients. Thus, the growing use of smart packaging in pharmaceutical applications to prevent medication intake errors, avoid counterfeit drugs, and increase leads is projected to boost the demand for smart packaging in the pharmaceutical sector.

The growing elderly population, changes in consumer lifestyles, increasing demand for advanced packaging solutions in the food processing and pharmaceutical sectors, growing consumer concerns regarding food wastage, and demand for smart and functional packaging drive the growth of this market. Moreover, the growing e-commerce market and rising industrialization in emerging economies, including India and China, coupled with strong demand for superior logistics and supply chain management, are likely to create lucrative opportunities for players operating in this market.

The smart packaging market is mainly segmented based on packaging technology, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

The Impact of COVID-19 on the Smart Packaging Market

The global impact of COVID-19 is already being felt, with the smart packaging market significantly affected in 2020. Health officials haven`t been able to determine the exact cause of COVID-19, which has affected more than 117,160,237 people and killed 2,598,892 as of 11 March 2021 (source: The European Centre for Disease Prevention and Control). Since the COVID-19 outbreak in December 2019, the disease has spread to almost 100 countries worldwide, with the World Health Organization declaring it a public health emergency.

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The Impact of COVID-19 on the Food & Beverage Smart Packaging Market

The Coronavirus outbreak has had a significant impact not only on public health but also on all stages of the supply chains and value chains of various industries. Food & beverage is one such industry that is currently experiencing the impacts of the pandemic. Food & beverage companies are facing significantly reduced consumption and supply chain disruptions. While due to the lockdowns, at-home consumption has been on the rise during the last 4–6 months. Thus, the high impact of the Coronavirus pandemic on the food & beverage industry has lowered the demand for smart packaging in food & beverage applications. However, with most people buying groceries online for the first time amid the pandemic, new habits are forming, with COVID-19 accelerating food e-commerce. E-commerce is expected to surpass traditional retail channels, effectively boosting the demand for smart packaging. For instance, in August 2020, Carlsberg Brewery Malaysia pinned its hopes on digital marketing and e-commerce to recover from the huge revenue losses and profit drops incurred during the COVID-19 pandemic.

The Impact of COVID-19 on the Pharmaceutical Smart Packaging Market

While the COVID-19 pandemic has impacted most sectors, some sectors, such as healthcare, are booming to the extent that they are struggling to keep up with the unprecedented demand. The dynamics of the pharma sector have been transformed by the COVID-19 pandemic, causing major shifts in pharma packaging and labeling. The initial impact of COVID-19 on the pharma supply chain revolved around material and information delays. However, governments worldwide imposed lockdowns, severely affecting the pharma supply chain and restricting the demand for smart packaging. Shopping for medicines online was still at a nascent stage in emerging countries before the outbreak of COVID-19, but due to the need for social distancing, there has been an exponential rise in this practice. Hence, there will be a need for more robust packaging to avoid any damage to products. This, in turn, has increased the need for packaging solutions that are suited for e-commerce, which will ensure more investments in packaging research, design, innovation, and practices suited to this rising trend. QR codes, holograms, and RFID tags are already being adopted in pharma packaging. Experts feel that driven by safety and quality concerns, pharma packaging will now improve focus on product authenticity and safety, which in turn, may lead to the greater adoption of smart packaging techniques using technologies like blockchain, IoT, etc., to offer consumers more information about the contents of the package, suitable environmental conditions, and efficacy.

Moreover, the COVID-19 vaccine has to be transported worldwide to various climatic zones, which will be possible only with effective packaging solutions, amongst other factors. This is also one of the major factors that will boost the demand for smart packaging.

The Impact of COVID-19 on the Automotive Smart Packaging Market

The impact of COVID-19 on the globally integrated automotive sector has been swift and significant. Initial concerns over disruptions in Chinese automotive part exports quickly escalated to large-scale manufacturing interruptions across Europe and the U.S. Further, automobile and component manufacturing plants are being shuttered around the world, consumer footfalls in showrooms have fallen sharply, vehicle sales are dropping dramatically, adding to the intense pressure on an increasingly distressed global supply base. Thus, the highly impacted demand in the automotive industry has impacted the demand for smart packaging solutions.

The Impact of COVID-19 on the Personal Care Smart Packaging Market

COVID-19 has impacted the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruptions, and by its financial impact on firms and financial markets. With extended lockdowns, international travel bans, and retail business shuttered, consumer behavior has changed dramatically across the beauty and personal care space, with declining sales across many beauty segments. This scenario has hindered the growth of the smart packaging market.

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Key Findings in the Smart Packaging Market Study:

Based on packaging technology, the smart packaging market is mainly segmented into modified atmosphere packaging (MAP), active packaging, and intelligent packaging. In 2020, the modified atmosphere packaging segment commanded the largest share of the overall smart packaging market. This segment’s large share is mainly attributed to the increasing demand for fresh and high-quality packaged food products such as bread, fruits and vegetables, processed meat, fish, seafood, and dairy products. Besides, the on-the-go lifestyle, shift towards easy-to-handle & convenient packaging, and emerging economies propel the demand for modified atmosphere packaging in the market. However, the intelligent packaging segment is expected to record the highest CAGR during the forecast period.

Based on application, the smart packaging market is mainly segmented into food & beverage, pharmaceuticals, automotive, personal care, and others. The pharmaceutical segment is expected to record the highest CAGR during the forecast period. This segment’s rapid growth is primarily attributed to the growing aging population, increasing integration of barcodes, RFID, and sensor technologies in the pharmaceutical industry to monitor details such as the medicines’ expiry dates, consumption, and dosages and advancements in the pharmaceutical industry. However, in 2020, the food & beverage segment commanded the dominant share of the smart packaging market.

Geographically, in 2020, North America accounted for the major share of the global smart packaging market. North America’s leading position in the smart packaging market is primarily attributed to the rising demand for packaged and frozen foods, increased food safety concerns, and changing lifestyles due to urbanization. In North America, the U.S. leads the smart packaging market, followed by Canada. The major factors contributing to the country’s largest share are the rising food safety concerns among consumers due to food safety incidents and the high adoption of active and intelligent packaging due to urbanization.

The key players operating in the smart packaging market are 3M (U.S.), Avery Dennison Corporation (U.S.), American Thermal Instruments (U.S.), Temptime Corporation (U.S.), Smartrac N.V. (Netherlands), BASF SE (Germany), Thin Film Electronics ASA (U.S.), Stora Enso (Finland), International Paper (U.S.), Amcor plc (Switzerland), Emerson Electric Co. (U.S.), R.R. Donnelly & Sons (RRD) Company (U.S.), Sealed Air Corporation (U.S.), and Smartglyph Ltd. (U.K.) among others.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/smart-packaging-market-5119

Scope of the Report

Smart Packaging Market, by Packaging Technology

• Modified Atmosphere Packaging (MAP)
• Active Packaging
  • Oxygen Scavengers
  • Moisture Scavengers
  • Self-venting Films
  • Ethylene Scavengers & Emitters
  • Microwave Susceptors
  • Antibacterial Films
  • Temperature Control Packaging
  • Carbon Dioxide Scavengers/Emitters
  • Ethanol Emitters
  • Flavor/Odor Absorbers
  • Antioxidants
• Intelligent Packaging
  • Indicators
  • Sensors
    • Bio Sensors
    • Gas Sensors
  • Data Carriers
    • Barcodes
      • 2D Matrix Codes
      • Quick Response Codes
      • Augmented Matrix Codes
    • RFID Tags

Smart Packaging Market, by Application

• Food & Beverage
• Pharmaceuticals
• Automotive
• Personal Care
• Others

Smart Packaging Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Vietnam
  • Rest of The Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Peru
  • Rest of Latin America
• Middle East & Africa

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Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
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TOP 10 COMPANIES IN SMART PACKAGING MARKET

According to a new market research report titled “European Fragrances Microencapsulation Market for Home and Personal Care Products by Technology/Method [Physico-Mechanical (Spray Drying, Coextrusion); Physico-Chemical; Chemical]; Application (Home Care and Personal Care); and Country -Forecast to 2027” published by Meticulous Research®, the European fragrances microencapsulation market for home and personal care products is expected to grow at a CAGR of 2.9% from 2020 to 2027 to reach $203.4 million by 2027.

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Microencapsulation is a complex technique that involves the creation of shells, whether natural or synthetic, where particles of active ingredients and fragrances are stored and remain protected from the environment. Many home and personal care products contain active substances that require encapsulation for increased stability. Microencapsulation acts as an important home and personal care industry tool, enabling protection and controlled release of several active agents, like fragrances.

The growth of the European fragrances microencapsulation market for home and personal care products is mainly attributed to the strong growth in the cosmetics industry; increasing demand for home care products; growing demand for microencapsulated fragrances due to their wide applications across the home and personal care industries; and rising R&D investments for improving process efficiency. Technological advancements and emerging plastic-free encapsulation technologies provide significant opportunities for manufacturers in the European fragrances microencapsulation market. However, the high production costs of some microencapsulation processes and stringent regulatory requirements are expected to restrain the future growth of this market to some extent.

The European fragrances microencapsulation market for home and personal care products study presents historical market data in terms of value (2018 and 2019), estimated current data (2020), and forecasts for 2027— by technology/method [physico-mechanical methods (spray drying, fluidized bed spray coating, coextrusion, spray chilling or congealing, other physico-mechanical methods); physico-chemical methods (coacervation or phase separation methods and other physico-chemical methods); chemical methods (in-situ polymerization and interfacial polymerization); and other microencapsulation methods]; application [personal care (skincare products, haircare products, deodorants and perfumes, other personal care products); home care (laundry detergents and fabric conditioners, house cleaning agents, other home care products); and geography. The study also evaluates industry competitors and analyzes the market at country levels.

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The Impact Of COVID-19 on the European Fragrances Microencapsulation Market

The outbreak of COVID-19 has had a significant impact not only on public health, but also on the supply chains of various industries. Home care and personal care are a few of such industries, where manufacturers are facing disruptions in raw material supply because of the coronavirus pandemic. With nationwide lockdowns, international travel bans, and shuttered retail businesses, consumer behaviors have changed drastically across the beauty and personal care space, leading to diminished sales in many beauty segments. Also, imports and exports in many countries have either been restricted or delayed since the outbreak, creating hurdles for home care and personal care product suppliers. According to the Kantar World Panel`s most recent purchase panel data for the four weeks ending April 19, 2020, personal care products had dropped down in the U.K.’s priority list. For example, sales of toiletries decreased by 7.8% in volume as compared to the previous year. However, the impact on some home care products like surface disinfectants and hand sanitizers was completely inverse with a significant surge in demand during 2020.

The health officials haven`t determined the exact cause of COVID-19, which has infected more than 4,799,988 people and killed 200, 587 as of 18^th October 2020 across EU/EEA and the U.K., according to the European Centre for Disease Prevention and Control (ECDC). The COVID-19 outbreak has positively impacted the microencapsulation market majorly in terms of home care products. The demand for these products is expected to increase due to the boosted preventive measures and rising health concerns among the consumers. Higher hygiene standards have led to the stockpiling of home disinfection and cleaning products, which has fueled both value and volume sales of these categories.

People across the European countries have become more conscious regarding home and personal cleanliness during the pandemic, thereby increasing the demand for home care and laundry products. The COVID-19 outbreak highlights the need to prevent the virus’s spread by decreasing the risk of contamination. Disinfectants and other home cleaning products play a key role in doing so. The cleaning and disinfection of homes and clothes have gained priority as people look to protect themselves and their families. People have more than doubled the frequency of cleaning their homes and changing the way they wash their clothes. The demand for fragrance microencapsulation in the manufacture of home care products has increased with the increasing demand for home care products. Some of the related examples of the impact on sales, product prices, and production in this category are as follows:

• With the growth in Italy’s COVID-19 cases, the country registered a 29% growth in the sales of hand soap in February 2020.
• The rising demand for hand sanitizers has significantly increased the prices of hand sanitizers and cleaning agents at outlets across the globe, including supermarkets and online retail markets. For instance, In the U.K., a Defendol hand gel retailing at £3.49 ($4.46) in stores is being sold for £109.99 on Amazon. The price growth has also been observed in Italy. One of the Italian sellers on Amazon has increased the price of four three fluid-ounce bottles of sanitizer to 60 euros ($66.77), while ten fluid-ounce bottles of Purell are selling for EUR 80 on eBay.

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The COVID-19 pandemic has compelled consumers to clean their surroundings more frequently, while shelter-in-place orders have increased their exposure to home cleaning products. As a result, consumers are increasingly demanding products that use natural ingredients. Millions of microcapsules are manufactured for homecare, laundry, skincare, and cosmetic products every year. Barely visible to the naked eye, suspended in liquids and lotions, these hidden microplastics preserve and release active ingredients, such as droplets of perfume in fabric softeners and detergents.

Thus, strong demand for home care products due to COVID-19 will support the growth of the fragrance microencapsulation market for home care products, as many millions of tonnes of microcapsules are manufactured and added to homecare and laundry products to preserve and release active ingredients, such as fragrances

Based on technology/methods, the physico-mechanical methods segment is estimated to account for the largest share of the overall European fragrances microencapsulation market in 2020. The large share of this segment is mainly attributed to the wide range of benefits offered by these technologies, including high production capacity, high recovery efficiency, cost-effectiveness, and simplicity of the process with safety.

Based on application, the personal care segment is estimated to command the largest share of the European fragrances microencapsulation market for home and personal care products in 2020. The key factors driving the demand for fragrances microencapsulation for personal care products are the changing lifestyles & consumer trends, burgeoning population, and rising consumer expenditure on personal care & cosmetic products.

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Based on type, the European fragrances microencapsulation market for personal care products is further segmented into haircare products, skincare products, deodorants, and other personal care products. In 2020, the skincare products segment is estimated to account for the largest share of the European fragrance microencapsulation market for personal care. There is a strong demand for skincare products across Europe. The technological and product innovations have led to an increased demand for skincare products. Changing lifestyle and growing awareness about the benefits of using skincare products has resulted in the rising demand for these products. With the increasing geriatric population, the demand for products with anti-aging and skin protection properties is expected to boost the demand for skincare products, making it the largest sector of the European cosmetic industry

This research report analyzes major European countries and provides a comprehensive analysis for Germany, France, the U.K., Italy, Spain, and other European countries. Germany is estimated to hold the largest share of the European fragrances microencapsulation market for home and personal care products in 2020, followed by France and the U.K. Also, the Germany is witnessing the rapid growth during the forecast period, owing to the increasing innovation in its personal care and cosmetics industry and strong growth in the home & personal care industry

The report includes an extensive assessment of the key strategic developments by leading market participants in the industry over the past four years (2016-2020). The European fragrances microencapsulation market for home and personal care products has witnessed several mergers and acquisitions, expansions, partnerships, agreements, and collaborations in recent years. The key players operating in the European fragrances microencapsulation market for home and personal care products are Givaudan S.A. (Switzerland), International Flavors & Fragrances, Inc.(U.S.), Calyxia S.A. (France), Follmann GmbH & Co. KG (Germany), Firmenich Incorporated (Switzerland), Symrise AG (Germany), Ingredion Incorporated (U.S.), MikroCaps d.o.o (Slovenia), Koehler Innovative Solutions (Germany), Ashland Global Holdings Inc. (U.S.), Robertet Group (France), Vantage Specialty Chemicals (U.S.), Euracli (France), Capsulæ SAS (France), Robert Blondel Cosmetiques (France), Lambson Ltd. (U.K.), and Micropore Technologies Limited (U.K.), among others.

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According to a new market research report titled, ‘Artificial Casings Market by Type (Collagen Casing, Cellulose Casing, Plastic Casing, Fibrous Casing, Vegetarian Casing), Application (Vegan Sausages), Distribution Channel (Online), End User (Food Processing Companies, Retailers) – Forecast to 2029,’  in terms of value, the artificial casings market is expected to reach $5.14 billion by 2029, at a CAGR of 6.6% from 2022 to 2029. In terms of volume, the artificial casings market is expected to reach 51.93 billion meters by 2029, at a CAGR of 3.8% from 2022 to 2029.

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The manufacture of natural casings involves several challenges, such as difficulties in sourcing animal intestines, the volatility of raw material prices, and long production times. In addition, cleaning animal intestines, the need for cold storage facilities, and high labor costs increase overall production costs, reducing profit margins. In contrast, collagen (artificial) casings are more suitable for automated production and cheaper to manufacture than natural casings. They also meet food hygiene and traceability standards more easily and can be more readily produced to meet technical specifications ensuring consistency, reliability, and versatility. These benefits have encouraged casings manufacturers to shift their focus from natural to artificial casings, driving the growth of the artificial casings market.

The growth of this market is attributed to the increase in global meat consumption and production, the growing preference for artificial casings among sausage manufacturers, casings manufacturers’ shift from natural casings to artificial casings due to operational challenges, and the rising number of foodservice chains. Furthermore, the demand from developing countries in Southeast Asia, Latin America, and Africa and the emergence of vegetarian sausage casings are expected to create lucrative opportunities for players operating in this market. However, consumers’ preference for natural sausage casings over artificial casings is expected to hinder the growth of this market to a notable extent.

Key Findings in the Artificial Sausage Casings Market Study:

The artificial casings market is segmented based on type, application, distribution channel, end-user, and geography. The study also evaluates industry competitors and analyses the market at a country level.

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Based on type, the artificial sausage casings market is segmented into collagen casings, cellulose casings, plastic casings, fibrous casings, textile casings, net casings, and vegetarian casings. In 2022, the collagen casings segment is expected to account for the largest share of the artificial casings market. The large market share of this segment is mainly attributed to its lower cost of production compared to gut casings and other artificial sausage casings due to higher production speeds and lower labor requirements. In addition, the beneficial properties of collagen casings, such as edible nature, standard diameter, uniformity, and strength, contribute to their demand. However, the vegetarian casings segment is slated to register the highest CAGR during the forecast period.

Based on application, the artificial casings market is segmented into animal-based sausages and plant-based sausages. In 2022, the animal-based sausages segment is expected to account for the larger share of the artificial casings market. The large market share of this segment is attributed to increased meat consumption, rising urban population, high popularity of collagen casing, and consumers’ growing preference for protein-rich diets. However, the plant-based sausages segment is slated to register the higher CAGR during the forecast period.

Based on distribution channel, the artificial casings market is segmented into offline and online. In 2022, the offline segment is estimated to account for the larger share of the artificial casings market. The large market share of this segment is mainly attributed to the growing number of modern groceries offering high-quality food products, the availability of a wider range of food products, and the enhanced shopping experience offered by modern groceries, hypermarkets, and supermarkets. However, the online segment is slated to register the higher CAGR during the forecast period.

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Based on end user, the artificial casings market is segmented into food processing companies, food service providers, food retailers, and other end users. In 2022, the food processing companies segment is estimated to account for the largest share of the artificial casings market. The large market share of this segment is attributed to the high demand for sausages which has led food processing companies to increase their sausage production, subsequently driving the demand for artificial casings. Furthermore, the growing preference for innovative food options and the rising automation in sausage production, resulting in maximized production efficiencies, contribute to the large market share of this segment. However, the food service providers segment is expected to register the highest CAGR during the forecast period.

Based on geography, the artificial casings market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, North America is estimated to account for the largest share of the artificial casings market. North America’s large market share is attributed to factors such as the well-established food & beverage industry, the wide availability of sausage & processed meat products, the high average meat consumption, and the high number of fast food restaurant chains and sausage manufacturers. However, the market in Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this regional market is driven by the increasing demand for fast food, increasing spending on processed products, and growing westernization & urbanization.

Some of the key players operating in the artificial sausage casings market are Viscofan, S.A. (Spain), Devro plc (U.K.), Selo B.V. (Netherlands), Shenguan Holdings (Group) Limited (China), DAT-Schaub Group (Part of Danish Crown AmbA) (Denmark), ViskoTeepak Holding Ab Ltd (Finland), Fibran S.A. (Spain), Viskase Companies, Inc. (U.S.), Nippi. Inc. (Japan), FABIOS S.A. (Poland), Kalle GmbH (Germany), Oversea Casing Company (U.S.), and Nutra Produkte AG (Switzerland).

Here are the top 10 companies operating in the global artificial casings market 

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Related Reports:

Collagen Casings Market by Type (Edible, Non-Edible), Caliber (Small, Large), Application (Fresh Sausages, Processed Sausages (Pre-cooked, Smoked, Cured), End User (Food Service Providers, Food Retail), Distribution Channel – Global Forecast to 2028

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According to a new market research report titled “Breast Imaging Market by Technology [Ionizing (FFDM, Analog, 3D Mammogram, CT, CBCT), Non-Ionizing (Breast Ultrasound, Breast MRI, AWBU, Breast Thermography)], End User (Hospital, Diagnostic Imaging Center), and Geography- Forecast to 2027” published by Meticulous Research^®, the breast imaging market is expected to grow at a CAGR of 9% from 2020 to 2027 to reach $7.08 billion by 2027.

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Breast cancer is the second leading cause of death in women. It occurs when the cells present in the breast lose their property of controlled growth and start invading surrounding cells and tissues and spread throughout the body. Breast imaging is one of the popular diagnostic modalities used to screen and diagnose breast cancer. Rising prevalence and incidence of breast cancer, growing awareness for early detection of breast diseases, technological innovations and launch of advanced breast imaging equipment & software, increasing investment and funding in R&D for breast cancer treatment, and rising women aging population are the key factors driving the steady growth in the overall breast imaging market. In addition, the extensive research in the development of hybrid imaging systems further supports the growth of this market.

Impact of COVID-19 on the Breast Imaging Market

Due to recent outbreak of Novel Corona Virus (COVID-19), hospitals have limited resources and staff. With this shortage, there has been delay in some surgeries and other medical procedures. This does not imply that the treatment of other patients is not important, it just means it’s not urgent or life-threatening.

Moreover, in major markets such as North America and Europe, continuous rise in COVID-19 cases has completely prohibited the movement of people, which led to delays in routine breast examinations related to cancer diagnosis and hence can impact the market to a certain extent. To tackle this, the government of all the countries has taken necessary precaution measures by allowing entry of only patients requiring urgent care. Also, the high rates of sickness among health workers due to COVID-19 have significantly reduced the availability of medical staff which is hampering the routine medical checkups of cancer patients including imaging procedures. Moreover, during the coronavirus crisis, many practices have experienced a sudden drop in imaging exams, which has resulted in dramatic changes in operations and on the revenues.

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Further, the purchasing of new equipment and its installations is completely hampered these days, which is also going to affect the market for the year 2020. Most of the parts and materials used in making of medical equipment are from China, and complete shutdown of trade from such countries has further reduced the manufacturing of medical equipment including breast imaging systems, thereby hampering the growth of the market.

The global breast imaging market study presents, historical market data in terms of value and volume (2018 and 2019), estimated current data (2020), and forecasts for 2027 – by technology [ionizing (FFDM, analog, 3D mammogram, CT, CBCT), non-ionizing (breast ultrasound, breast MRI, AWBU, breast thermography)], end user (hospital, diagnostic imaging center), and geography.

Based on technology, the ionizing technology segment is estimated to account for the largest share of the overall breast imaging market in 2020. The large share of this segment is mainly attributed to the continuous innovations in ionizing technology, incessant launches of breast imaging systems with ionizing technology, and growing focus and investments of key players in development and improvement of this technology. However, the non-ionizing technology segment is slated to grow with the fastest CAGR during the analysis period, due to their advantages over ionizing technologies such as high safety as no radiation exposure is required; accurate detection of breast tumor location; and higher sensitivity for smaller breast lesion.

Based on end user, the hospitals segment is estimated to account for the largest share of the overall breast imaging market in 2020. The large share of this segment is mainly attributed to the factors such as increasing investments on healthcare infrastructure development, higher purchasing power, availability of well-equipped operating & diagnostic rooms, and better health coverage for hospital-based healthcare services. However, the ambulatory surgical centers segment is projected to register the fastest CAGR during the forecast period, mainly due to the rising preference for outpatient services and quick arrangement of diagnostic examinations for critical breast cancer patients by eliminating the waiting time at hospitals, less treatment cost, and new insurance plans for ASC treatment coverage.

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Geographically, North America is estimated to command the largest share of the global breast imaging market in 2020, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The largest share of North America is mainly attributed to the high prevalence of breast cancer, greater adoption of advanced technologies, growing investments in cancer research activities, and presence of key players in the region. However, Asia-Pacific region will be the fastest growing regional market due to the accelerated economic growth of many countries in this region; increasing prevalence of breast cancer; and growing government focus towards improvement of healthcare sector. In addition, frequent breast screening programs to spread awareness related to importance of early diagnosis in the region is the other key factor propelling the growth of the Asia-Pacific breast imaging market.

The report also includes extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2016-2020). The breast imaging market has witnessed number of product launches and approvals in recent years. For instance, in November 2019, Hologic, Inc. (U.S.) announced the approval of 3DQuorum Imaging Technology by the U.S. FDA to be used with Hologic’s Clarity HD high resolution imaging technology.

The global breast imaging market is highly consolidated with the presence of major players such as Hologic, Inc. (U.S.), GE Healthcare (U.S.), Canon Inc. (Japan), Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Carestream Health, Inc (U.S.), Planmed Oy (Finland), Hitachi, Ltd. (Japan),  Dilon Technologies Inc. (U.S.), CMR Naviscan Corporation (U.S.), FUJIFILM Holdings Corporation (Japan), Aurora Healthcare US Corp (U.S.), and SonoCine Inc. (U.S.).

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Scope of the Report:

Breast Imaging Market by Technology

• Ionizing Technology
  • Full-Field Digital Mammography (FFDM)
  • 3D Breast Tomosynthesis
  • Positron Emission Tomography/Computed Tomography (PET/CT)
  • Molecular Breast-Specific Gamma Imaging (MBI/BSGI)
  • Computed Tomography (CT)
  • Positron Emission Mammography (PEM)
  • Analog Mammography
  • Cone Beam Computed Tomography (CBCT)
• Non-Ionizing Technology
  • Breast  Ultrasound
  • Breast MRI
  • Automated Whole-Breast Ultrasound
  • Breast Thermography
  • Optical Imaging

Breast Imaging Market by End User

• Hospitals
• Diagnostic Imaging Centers
• Ambulatory Surgical Centers

Breast Imaging Market by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
  • Rest of APAC (RoAPAC)
• Latin America
• Middle East & Africa

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Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
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California, 96001, U.S.
USA: +1-646-781-8004
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Related Links

• Breast Imaging Market – Global Opportunity Analysis and Industry Forecast (2020-2027)
• Breast Imaging Market Worth $7.08 Billion by 2027

According to a new market research report titled “Mobile Edge Computing Market by Component, Application (Location-based Services, Unified Communication, Optimized Local Content Distribution, Data Analytics, Environmental Monitoring), Organization Size, and region – Global Forecast to 2027”, published by Meticulous Research®, the mobile edge computing market is expected to grow at a CAGR of 30.1% from 2020 to 2027 to reach $2.8 billion by 2027.

Mobile edge computing is a network architecture that enables IT and cloud-computing capabilities at the edge of a cellular network. It is mainly used to improve coverage, enhance bandwidth, reduce network congestion, and improve applications by performing related processing tasks closer to the end-user.

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The technology is designed to be implemented at cellular base stations, providing rapid deployment of applications and other customer services. With voluminous rise in data generated from millions of subscribers streaming terabytes of videos, music, and social networking every day, enterprises are facing challenges such as high network load and increasing demand for network bandwidth. To overcome these challenges, enterprises are significantly focused on optimizing their radio access network (RAN). Thus, to enhance user experience and better utilize the bandwidth, the MEC technology is a feasible option.

The growth of the overall mobile edge computing market is primarily attributed to the increasing mobile data traffic along with rising need to enhance quality and rising demand for low-latency processing and real-time automated decision-making solutions. In addition, emergence of autonomous vehicles and connected car infrastructure and emerging MEC application areas of AR/VR are the factors expected to offer prominent growth opportunities in this market. However, lack of required infrastructure and deployment capabilities can obstruct the growth of this market. Besides, vulnerability issues with existing IoT devices offer some challenges for the consistent growth of MEC market.

Rapidly increasing mobile data traffic along with rising need to enhance quality supports mobile edge computing narket growth

With consistently increasing number of interconnected devices, mobile data is exponentially growing, leading to upsurge in the demand for telecommunication and network services. Mobile network operators (MNOs) are persistently facing pressure to deliver quality services to subscribers, as the need for mobile data, including mobile video services is rapidly increasing. For instance, according to Cisco Systems, Inc. global traffic projections globally, mobile data traffic is expected to increase sevenfold between 2017 and 2022 to reach 77.5 Exabyte’s per month by 2022, at a CAGR of 46% between 2017 and 2022.

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Mobile edge computing (MEC) helps to reduce congestion on mobile networks and decrease latency by shifting the load of cloud computing to individual local servers, and enhancing the quality of experience (QoE). Operators are taking leverage of several advanced technologies, such as Network Functions Virtualization (NFV), Virtualized RAN (vRAN), and Software Defined Networking (SDN) which enable them to develop innovative context-aware and value-added services. In order to deliver Quality of Service (QoS) and Quality of Experience (QoE) to the subscribers, the MNOs are immensely adopting the advanced mobile edge computing technology, thereby contributing to the growth of mobile edge computing market during the forecast period.

To provide efficient analysis, Meticulous Research^® has segmented the overall mobile edge computing market based on component (software, hardware, services), application (location-based services, unified communication, optimized local content distribution, data analytics, environmental monitoring), organization size (large enterprises, small and medium-sized enterprises (smes)), and geography.

Based on component, the mobile edge computing market is segmented into hardware, software and services. In 2021, the hardware segment accounted for the largest share of the overall edge computing market. owing to the growing investment for 5G deployments across telecommunication industry for improving quality of service is one of the key factors fueling investments in mobile edge computing hardware, including edge gateways and hyper-converged infrastructure. The segment is also expected to register the fastest CAGR during the forecast period due to consistent investments from industry players in incorporating mobile edge computing solutions in their businesses and product or service offerings.

Based on application, the overall mobile edge computing market is segmented into location-based services, video surveillance, unified communication, optimized local content distribution, data analytics and environmental monitoring.  In 2021, the location based services application segment accounted for the largest share of the overall edge computing market, owing to the recent developments in positioning technologies, and improved data transmission through cloud computing, and 5G technologies.

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According to a new market research report titled ‘Ambulatory EHR Market by Delivery Mode (Cloud-based, On-premise), Practice Size (Large, Small-to-Medium, Solo), Application (Patient Portals, Practice Management, CDS, Computerized Physician Order Entry, PHM), and End User – Global Forecast to 2028’ published by Meticulous Research^®, the ambulatory EHR market is expected to reach $6.74 billion by 2028 at a CAGR of 5.2% from 2021 to 2028.

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An ambulatory electronic health record (EHR) is a software program designed specifically for use in outpatient care settings and small practices. Ambulatory EHRs help physicians easily track a patient’s medical history and treatment, enabling them to better diagnose and effectively treat chronic illnesses. Patients’ full medical histories, which are preserved in an electronic archive, can be accessed by medical professionals. These reports include all records of operations or treatments that do not require hospitalization. Physicians can monitor a patient’s medical history and provide long-term care more easily using ambulatory EHR systems. Physicians use this software to gather detailed, relevant information about every patient, creating comprehensive databases of their personal health records. These extensive databases help doctors gain a better understanding of patients’ health, thereby simplifying diagnosis.

Growing government support for the adoption of EHR solutions, patients’ increasing preference for ambulatory care over in-patient care, and the rising need to reduce operating costs in the healthcare industry are key factors driving the growth of the ambulatory EHR market. The integration of artificial intelligence (AI) and machine learning (ML) technologies and the changing technological landscape in developing countries are expected to offer significant growth opportunities for the players operating in this market.

IT infrastructure constraints in developing countries and data security concerns are restraining the growth of this market. Additionally, high product replacement rates and the high cost of deploying ambulatory EHR solutions are expected to remain major challenges for market growth.

The Impact of COVID-19 on the Ambulatory EHR Market

Countries worldwide took urgent steps to detect and prevent the spread of COVID-19 after the WHO declared it a global pandemic in March 2020. Hospital capacities around the globe were overburdened due to the sudden inflow of COVID-19 patients. There was a growing burden on acute care settings, with in-patient beds almost completely occupied. As a result, ambulatory care settings gained importance as an alternate site for treatment.

Governments of various countries proposed modifying policies to alleviate the pressure on overburdened hospitals. For instance, in March 2020, the Centers for Medicare & Medicaid Services (CMS) provided guidance allowing ambulatory surgery centers (ASCs) to partner with local healthcare systems to provide hospital services. Elective and non-essential procedures were also suspended at the peak of the pandemic. Ambulatory surgical centers were, however, granted permission to perform outpatient procedures. Furthermore, the integration of healthcare IT solutions with ambulatory EHR solutions allowed physicians to gain a better understanding of their patients’ health, leading to more accurate diagnoses. In 2020, Oracle Corporation (U.S.) developed a National Electronic Health Records (EHR) Database and a suite of Public Health Management Applications to help U.S. public health departments and healthcare providers capture and interpret data related to COVID-19. Thus, the outbreak of the COVID-19 pandemic, as well as the increased burden on healthcare providers, drove the demand for EHR solutions, leading to the market’s growth.

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However, the implementation of new EHR systems was negatively impacted due to lockdown restrictions & social distancing protocols, and the diversion of healthcare budgets toward combating the COVID-19 pandemic. Travel restrictions and social distancing protocols were major challenges for sales and on-site implementation teams. Government measures to curb the spread of COVID-19 delayed the marketing, sale, and implementation of ambulatory EHR solutions and also affected investments in healthcare IT solutions, negatively impacting the ambulatory EHR market.

The ambulatory EHR market is segmented on the basis of deployment mode, by type, practice size, application, end user, and geography. The study also evaluates industry competitors and analyzes their market shares at the global and regional levels.

Based on deployment mode, the cloud/web-based segment accounted for the largest share of the market in 2020. Cloud/web-based solutions are gaining popularity worldwide as these solutions enable ambulatory centers to exchange and integrate data from multiple locations or systems in realtime. The advantages of cloud platforms, such as flexibility, real-time monitoring, data security, and lower implementation costs compared to on-premise deployment, drive the demand for these solutions.

Based on type, the all-in-one ambulatory EHR segment accounted for the largest share of the market in 2021. An all-in-one ambulatory EHR software is a pre-integrated software containing all EHR-related features. The ease of use, availability of all functionalities, and seamless software and hardware compatibility support the growth of this segment.

Based on practice size, the large practices segment accounted for the largest share of the market in 2021. Large practices are organizations with more than 50–100 physicians. It has been observed that the proportion of large practices is growing rapidly, while the proportion of smaller practices has dropped due to the rising consolidation of ambulatory centers. Smaller practices are disadvantaged in terms of health IT resources, while most small-to-medium-sized practices are expected to eventually join larger organizations. Thus, the rising number of large practices drives the growth of this segment.

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Based on application, the practice management segment accounted for the largest share of the market in 2021. Practice management software is intended to enhance the productivity of day-to-day operations in ambulatory clinics by simplifying clinical workflows, automating billing, assisting with claims management, and increasing overall efficiency. The segment’s large share is attributed to the benefits of ambulatory EHR in improving operational performance and increasing the value of services provided to patients.

Based on end user, the hospital-owned ambulatory centers segment accounted for the largest share of the market in 2021. Hospital-owned ambulatory centers are usually required to meet hospital accreditation standards greater than those of non-hospital-based outpatient clinics. They have to maintain patient care standards to provide high-quality care to patients. The growing need to organize unstructured health data and the availability of resources to easily adopt EHR solutions drive the growth of this segment.

Geographically, the ambulatory EHR market is segmented into five major regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with a further analysis of major countries in these regions. In 2021, North America accounted for the largest share of the ambulatory EHR market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest-growing market with a CAGR over the forecast period. The high growth of this regional market is attributed to the rising need to organize unstructured healthcare data, increasing government support and initiatives to promote EHR adoption, and changing technological scenarios in developing countries.

The report includes a competitive landscape based on an extensive assessment of the geographic presence and key strategic developments of leading market players during 2018–2021. The ambulatory EHR market has witnessed several new product launches, approvals, partnerships & agreements, and acquisitions in recent years.

The key players dominating the ambulatory EHR market are Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), Medical Information Technology, Inc. (U.S.), Computer Programs and Systems, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), NextGen Healthcare, Inc (U.S.), eClinicalWorks (U.S.), Greenway Health, LLC (U.S.), CureMD Healthcare (U.S.), and AdvancedMD, Inc. (U.S.).

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Scope of the Report:

Ambulatory EHR Market, by Deployment Mode

• Cloud/Web-based Ambulatory EHR
• On-premise Ambulatory EHR

Ambulatory EHR Market, by Type

• Modular Ambulatory EHR
• All-in-one Ambulatory EHR

Ambulatory EHR Market, by Application

• Practice Management
• Patient Portals
• Computerized Physician Order Entry (CPOE)
• Clinical Decision Support (CDS)
• Population Health Management
• Referral Management
• Other Applications

Ambulatory EHR Market, by Practice Size

• Large Practices
• Small-to-medium-sized Practices
• Solo Practices

Ambulatory EHR Market, by End User

• Hospital-owned Ambulatory Centers
• Independent Centers

Ambulatory EHR Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of APAC (RoAPAC)
• Latin America
• Middle East & Africa

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 According to a new market research report titled, “Location-Based Services Market by Component, Technology (GPS, Wi-Fi, NFC), Application (GIS, Navigation, Tracking, Social Media), Location, Industry Vertical (Logistics, Retail, Healthcare, Media, Defense, Hospitality, BFSI) – Global Forecast to 2029,” published by Meticulous Research®, the location-based services market is expected to grow at a CAGR of 15.2% from 2022 to 2029 to reach $239.7 billion by 2029.

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Location-based services (LBS) is a solution that utilizes the device’s geographical location to provide information to the user. The technology has gained considerable significance and is becoming an integral part of organizations due to the numerous benefits offered by location-based services, including store locators, proximity-based marketing, real-time information, such as traffic updates or weather reports, roadside assistance, mobile workforce management, and fraud prevention.

The rise in GPS-enabled precision applications, such as farming, logistics, and automotive, has created a high demand for location-based solutions. Also, the increasing demand for mobile location-based services, the surge in demand for location-enabled mapping, tracking, and navigation solutions, and the proliferation of social media, smartphones, and location-based applications among consumers are providing significant opportunities for the growth of the location-based services market.

Impact of COVID-19 on the Location-Based Services Market

The COVID-19 pandemic created several challenges for the location-based services market due to the lockdowns imposed during the second and third quarters of 2020. The pandemic is lowering the financial potential of consumers, which is expected to decrease the sales of location-based services and solutions. However, the industries, including retail, pharmaceuticals and healthcare, hospitality, and automobile, have started recovering from the economic setbacks suffered during the pandemic.

The location-based services market was moderately impacted by the COVID-19 pandemic due to delayed and postponed orders for location-based solutions but started recovering rapidly from the last quarter of 2020. Different location-based service providers leveraged the strong portfolio of location-based services and enhanced product capabilities during the COVID-19 pandemic, consequently driving the growth of the location-based services market. For instance:

• In 2021, AT&T Inc. (U.S.) provided an IoT fleet management solution for tracking the location of vaccines. This solution enables tracking from production units to clinics. The company provides network connectivity for several shipping companies that play an important role in distributing the COVID-19 vaccine.
• In 2020, Web Geo Services (France) (a Google Cloud Premier Partner) launched its consumer geolocation platform, Woosmap, to provide location-based APIs that augment Google Maps Platform.

Location-based service providers plan to move forward and capitalize on the lucrative market growth opportunities that have resulted from the COVID-19 pandemic. The LBS market is projected to transform drastically over the coming years. Several leading companies are growing rapidly through new product launches, product enhancements, partnerships, and collaborations for leveraging location-based solutions in the market.

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Location-based Services Market Overview

The location-based services market is segmented based on component (platform/solutions, professional services), technology (global positioning system, global navigation satellite system, Wi-Fi, near-field communication, other technologies), application (geo-marketing and advertising or target marketing, mapping & GIS, navigation [smart parking, route planning, other navigation applications]), tracking (children locators, parolees monitoring, pets locators, tracking of valuable and stolen goods), social networking (dating, friend locator, chat and instant messaging services), infotainment, commercial, other applications), location type (indoor, outdoor), industry vertical (transportation & logistics, government & public sector, retail and consumer goods, manufacturing, healthcare & life sciences, media & entertainment, aerospace & defense, agriculture, hospitality & tourism, BFSI, IT & telecom, other industries), and geography. The study also evaluates industry competitors and analyses the market at the country level.

Based on component, the location-based services market is segmented into platforms/solutions and professional services. In 2021, the platforms/solutions segment accounted for the larger share of the location-based services market. The large share of this segment is primarily attributed to the surge in demand for location-based platforms to promote proximity marketing across the retail sector, the increasing demand for tracking, monitoring, surveillance & navigation services in the automotive industry, and the availability of location-based solutions for precision farming.

Based on technology, the location-based services market is segmented into global positioning system, global navigation satellite system (GNSS), Wi-Fi, near-field communication (NFC), and other technologies. In 2021, the GNSS segment accounted for the largest share of the overall location-based services market. The large share of this segment is attributed to factors, such as the rising demand for GNSS-enabled location-based services across the various enterprises. Furthermore, the rising demand for GNSS-based consumer platforms and automotive solutions, GNSS-based applications for crop productivity optimization, livestock management, urban planning, infrastructure monitoring, and disaster management are promoting the growth of the GNSS segment.

Based on application, the location-based services market is segmented into geo-marketing and advertising or target marketing, mapping & GIS, navigation, tracking, social networking, infotainment, commercial, and other applications. In 2021, the navigation segment accounted for the largest share of the overall location-based services market. The large share of this segment is attributed to the surge in demand for location-based solutions across several industries, such as retail, travel and tourism, and automotive. Furthermore, the rapid implementation of comprehensive navigation solutions for automakers, increasing demand for location-based smart parking solutions, the gradual proliferation of smart parking management systems, and the implementation of route planning and optimization tools are fueling the growth of this segment.

Based on location type, the location-based services market is segmented into indoor and outdoor. In 2021, the outdoor segment accounted for the larger share of the overall location-based services market. The large share of this segment is attributed to factors, such as the growing demand for outdoor navigation and mapping applications and the increasing deployment of outdoor location-based services.

However, the indoor segment is expected to record a faster growth rate during the forecast period. Factors such as the increasing demand for location-based productivity tools and the rising demand for indoor location-based services amidst the COVID-19 pandemic are expected to support the growth of this segment.

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Based on industry vertical, the location-based services market is segmented into transportation & logistics, government & public sector, retail and consumer goods, manufacturing, healthcare & life sciences, media & entertainment, aerospace & defense, agriculture, hospitality & tourism, BFSI, IT & telecom, and other industries (gaming, oil, and gas, mining, education). In 2021, the transportation & logistics segment accounted for the largest share of the location-based services market. This is mainly due to the rising demand for location-based services by the transportation industry, the growing demand for GPS-enabled systems across the transportation industry, and the increasing deployment of location-based services by leading LBS players.

However, the retail and consumer goods segment is expected to record the fastest growth during the forecast period. Factors such as the rising demand for location-based retailing services, the increase in demand for mall navigation solutions, the increasing demand for real-time location systems for stores or warehouses, and the growing demand for Bluetooth beacon technologies to promote proximity marketing across retail stores are expected to support the growth of this segment.

Based on geography, Asia-Pacific region accounted for the largest share of the global location-based services market in 2021. The large market share of this region is attributed to the increasing deployment of location-based services across Asian countries, the growing demand from food & beverage industries to deliver fresh meat and seafood products, the favorable government initiatives across the Asian countries that support the adoption of location-based services. Furthermore, developed APAC markets, especially Japan, India, South Korea, Australia, Greater China, and Singapore, have accelerated the adoption of location-based services, consequently promoting the growth of this market in the region.

The report also includes an extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past four years. The location-based services market has witnessed numerous product launches in recent years. For instance, in January 2021, ALE International (Alcatel-Lucent Enterprise) launched two new Wi-Fi 6 certified access points: Alcatel-Lucent Omni Access Stellar AP1311 entry level premium model and the Alcatel-Lucent OmniAccess Stellar AP1301 entry-level base model.

The global location-based services (LBS) market is consolidated and dominated by a few major players, namely ALE International (France), Google LLC (U.S.), Apple Inc. (U.S.), Rohde & Schwarz GmbH & Co. KG (Germany), AT&T Inc. (U.S.), Cisco Systems, Inc. (U.S.), HERE Technologies (Netherlands), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Qualcomm Technologies, Inc. (U.S.), Telefonaktiebolaget LM Ericsson (Sweden), TomTom N.V. (Netherlands), Foursquare (U.S.), ESRI (U.S.), Intellias Ltd (U.S.), Zebra Technologies (U.S.), Aruba Networks (U.S.), SAP SE (Germany), Precisely (U.S.), Hexagon AB (Sweden), and Trimble, Inc. (U.S.) among others.

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Scope of the Report

Location-based Services Market, by Component                                       

• Platforms/Solution
  • Location Intelligence Solutions
  • Location-powered Mobile Applications
  • Location-based Messaging
• Professional Services
  • Mapping Services
  • Implementation & Support
  • Consulting and Development Services

Location-based Services Market, by Technology

• Global Positioning System (GPS)
• Global Navigation Satellite System (GNSS)
• Wi-Fi
• Near Field Communication
• Other Technologies

Location-based Services Market, by Application

• Geo Marketing and Advertising or Target Marketing
• Mapping & GIS
• Navigation
  • Smart Parking
  • Route Planning
  • Other Navigation Applications
• Tracking
  • Children Locators
  • Parolees Monitoring
  • Pets locators
  • Tracking of valuable and stolen goods
• Social Networking
  • Dating
  • Friend Locator
  • Chat and Instant Messaging Services
• Infotainment
• Commercial
• Other Applications

Location-based Services Market, by Location Type                    

• Indoor
• Outdoor

Location-based Services Market, by Location Type                    

• Transportation & Logistics
• Government & Public Sector
• Retail and Consumer Goods
• Manufacturing
• Healthcare & Life Sciences
• Media & Entertainment
• Aerospace & Defense
• Agriculture
• Hospitality & Tourism
• BFSI
• IT & Telecom
• Other Industries (Gaming, Oil and Gas, Mining, Education)

Location-based Services Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Netherlands
  • Switzerland
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Singapore
  • Taiwan
  • Australia and New Zealand
  • Rest of Asia-Pacific
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Israel
  • Rest of MEA

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