Tower Mounted Amplifier Market is Expected to Reach at a Value of US$ 2.60 Bn in 2027

 The overall tower mounted amplifier market worldwide is expected to reach at a value of US$ 2.60 Bn in 2027 and is set to grow with a CAGR of 9.4 % during the forecast period.

Market Insights

The global market for tower-mounted amplifiers is driven by increasing global urbanisation and digitalisation. The use of the Internet has increased the digitalisation, which is considered to be one of the main factors driving the TMA market globally. Using mobile data creates a large data traffic that raises various issues in the network and therefore reduces these problems by using tower mounted amplifiers.

The ability of these amplifiers to reduce noise and amplify signals improves network efficiency, strength and connectivity. Various companies are investing heavily in the development of new technologies based on TMA, which are expected to drive the market in the future.

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On the basis of the application, the market for tower mounted amplifiers was segmented as telecommunications, industrial and retail. The telecommunications segment dominated the market by holding more than 45 percent of the market share in 2018. The segment is driven by the increasing demand for smart phones and the increasing use of the Internet. Similarly, the demand for a high-strength network from users is also driving the segment. The telecommunications segment is expected to be the fastest growing segment due to the increasing development of 5G networks.

Asia-Pacific is expected to be the fastest growing region due to an increasing number of Internet users in the region and ongoing 5G deployment projects. Governments in the region spend a great deal on improving and strengthening their communication networks. In addition, increasing digitization and urbanisation have also increased the adoption and use of IoT devices, which are expected to drive the market in the future. The Asia-Pacific region is expected to grow by more than 10.0 per cent during the forecast period.

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Tower Mounted Amplifier with Direct Sales in its Channel Segment Continue Dominating the Market

In 2018, the total market for tower mounted amplifiers was driven by the direct sales segment in its channel segment, which contributed to a high market share of total revenues generated globally in 2018 and is expected to grow by more than 7.9 per cent during the forecast period. Advances in technology and the increasing use of mobile phones have led to TMA's demand, as these amplifiers reduce noise and improve network functionality, while mobile tower companies purchase these amplifiers directly from manufacturers at a lower cost. However the distribution channel is expected to be the fastest growing segment in the forecast period.

North America Dominates the Market by Region

The global market for tower-mounted amplifiers was led by North America with a market share of more than 30.0 per cent in 2018. This is due to increased use of IoT devices by IoT devices and increased use of smartphones and tablets. In addition, the market for TMA in North America is expected to grow with a CAGR of 9.2% over the forecast period due to network advancement and the introduction of 5G in the region.

Key questions answered in this report

• What was the market size of tower mounted amplifier in 2018 and forecast up to 2027?
• Which is the largest regional market of direct sales in channel segment?
• What are the major trends followed in tower mounted amplifier market across different regions?
• Who is the key tower mounted amplifier companies leading the market?
• What are the key strategies adopted by the leading tower mounted amplifier companies in market? 

Unique data points of this report

• Statistics on tower mounted amplifier  penetration and spending worldwide
• Recent trends across different regions in terms of adoption of tower mounted amplifier.
• Notable developments going on in tower mounted amplifier  market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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Virtual Fitting Room Market: Eyewear is Estimated to Grow Significantly During the Forecast Period

 The virtual fitting room market is set to grow with a CAGR of 20.5% during the forecast period.

Market Insights

The virtual fitting room market is driven by the increasing adoption of the augmented reality and virtual reality in the retail sector. The integration of the AR and VR solutions is enabling businesses to grow and increase financial prospects. Moreover, the technology also enables retailers to provide enhanced experience to their customers, while keeping the cost of operations low. Additionally, the technology also enables the development of marketing methods for customer engagement. This is acting as a major driver for the growth of the market. Consistently growing online retail sector worldwide is another major factor supporting the market growth. With online sales of apparels and other accessories gaining momentum, the market is set to register robust growth in the near future. 

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The market for virtual fitting rooms is categorised on the basis of hardware, software and service components. Software accounted for more than 45 percent of revenue in 2018. The growth of the market is attributed to the large-scale adoption of analytical tools and solutions between online and offline retailers to optimise the business process. Furthermore the adoption of new intelligent algorithms, such as machine learning and deep learning, among retailers to gain consumer insights is also driving market growth.

North America dominates the market with a revenue share of more than 40%. The market here is backed by a vast and sophisticated e-commerce industry in the U.S. and Canada. It is estimated that Asia Pacific is experiencing a rapid growth of over 23 per cent over the forecast period. The growth of the market is driven by the increasing adoption of smartphones and internet services across the region. In addition, the growing e-commerce market in the region is also a major driver of market growth. In addition, increasing venture capital investment in retail technology also accelerates market growth.

Eyewear is Estimated to Grow Significantly During the Forecast Period  

The market for virtual fitting rooms is characterised by its application to apparel, accessories, eyewear, jewellery and watches, cosmetics and others. Apparels accounted for more than 30% of the total revenue generated in 2018. The growth of the market is driven by large-scale shopping of apparel in online stores. On the other hand, eye wear is estimated to increase significantly during the forecast period due to the increased integration of virtual fitting rooms across the domain.

North America is Leading the Virtual fitting room Market                             

North America held more than 42% of its share in the market for virtual fitting rooms in 2018. The growth of the market is driven by the growing e-commerce market in the region. The U.S. is one of the world's largest e-commerce markets with a high number of online shoppers. In addition, a high number of smartphone users and Internet users in the region are also stimulating the growth of the market. In addition, increasing venture capital investment in technology start-ups in the region also supports market growth.

The key players in the virtual fitting room market are 3D-A-PORTER, AstraFit, Coitor IT Tech, ELSE Corp, Fision Technologies, Fit Analytics, FXGear, Magic Mirror, MemoMi, Metail, SenseMi, Sizebay, Total Immersion, triMirror, True Fit, Visualook, and Zugara.

Unique data points of this report

• Statistics on virtual fitting room and spending worldwide
• Recent trends across different regions in terms of adoption of virtual fitting room across applications
• Notable developments going on in the industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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Quantum Computing Market is expected to reach US$ 7,635.38 Mn by 2027

 The global quantum computing market is expected to reach US$ 7,635.38 Mn by 2027, expanding at a CAGR of 34.3% during the forecast from 2019 to 2027.

Market Insights

Quantum computing has introduced new paradigm of computing with potential to solve complex problems much faster than the traditional computing methodologies. With the inbuilt property of superposition and entanglement, quantum computers can provide results exponentially faster than the traditional computers. Besides this, the new technology can spur the development rate of new breakthrough technologies in the field of medication, science, material analysis, machine learning, planning financial strategies, and many other applications. Some researchers are actively collaborating with the industry leaders to discover new best-suited applications of the quantum computing.

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The global quantum computing market is bifurcated on the basis of type, application, industry verticals, and regions. Optimization and material simulation are the most lucrative application areas and expected to spur the market growth significantly in the coming years. Increasing demand for the development of new materials and molecules in the chemical, healthcare, and agriculture sector to discover new horizons of advancement is the prime factor behind the prominent growth of the segment. Similarly, exponential growth in the logistics and traffic has forced software vendors to implement advanced computing methodology for route optimization. For instance, in March 2017, Volkswagen in partnership with D-Wave Systems Inc. has successfully experimented the quantum computing for traffic reduction in Beijing, China.

The global quantum computing market for North America, Europe, Asia Pacific and the rest of the world is analysed by geography. North America has dominated the global quantum computing market with an impressive outlook in the near future. Technology advancement in the region is a major driver of growth. In addition, a significant investment portfolio of both public and private investors in the R&D sector has a positive impact on the regional market. As of July 2019, some of the top-funded companies in North America include D-Wave Systems Inc. with a total funding of US$ 210 million, Rigetti Computing with US$ 119 million, and Silicon Quantum Computing with US$ 66 million.

The global quantum computing market is highly competitive. The quantum pioneers are developing new business strategies to sustain their position as leaders in the market. Apart from the significant strategic alliance in the market technology leaders are investing prominently in the startup players. For instance, some of the mainstream investors such as Google Ventures, Amazon Inc., Sequoia Capital, A16z, Goldman Sachs and other venture capitalists have invested in nearly 16 startups for the year 2018 and the number is expected to increase in the coming years.

Aerospace & Defense Segment dominated the Global Quantum Computing Market in the year 2018

Aerospace & defense dominated the global quantum computing market in the year 2018 owing to higher requirement of secure data transfer and communication. Additionally, the demand for fast data operation is expected to boost the demand for quantum computing solutions in the industry. In recent past, the National Aeronautics and Space Administration (NASA) announced to achieve quantum supremacy in partnership with Google Inc. The company has developed the fastest quantum computer with capability to solve problems in just 200 seconds. On the other hand, automotive and healthcare industry finds lucrative applications of quantum computing methods for route optimization and material synthesis. Quantum computing can reveal new horizon of development in the field of medical science for treatment of various rare diseases.

Asia Pacific witnesses Highest Growth over the Forecast Period

North America held a large share of revenue in the global quantum computing market in 2018. Impressive investments and technological advances are the main factors that increase regional growth. On the contrary, Asia Pacific is set to grow exponentially over the forecast period due to the strategic governance plans of the various Asian countries. Recently, the Chinese government announced the construction of a US$10 billion National Laboratory for Quantum Information Sciences, which is expected to begin in 2020. Other than China, Japan and South Korea, there are other major regions that exploit quantum computing features for different industry verticals. In addition, the region has a promising industrial growth that favours market growth during the forecast period. BFSI significantly implements the quantum benefits of advanced computing.

Some of the prominent players profiled in the global quantum computing market report include D-Wave Systems Inc., International Business Machines Corporation, Google Inc., 1QB Information Technologies, Microsoft Corporation, QX Branch, Cambridge Quantum Computing Limited, QC Ware Corp., Rigetti Computing, and River Lane Research among others.

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HR Analytics Market- North America garnered the largest market share

 The global HR analytics market is expected to witness a growth of 12.8% CAGR during the forecast period from 2019 to 2027.

Product Insights

The global HR analytics market accounted for US$ 2.33 Bn in 2018 and is likely to witness a notable growth, growing at a CAGR of 12.8% during the forecast period from 2019 to 2027. HR departments in various organizations are increasing their proficiencies from outdated reporting to the usage of analytics for real-time information on employee opportunities, issues and provision of enhanced solutions. Over time, the role of human resource has developed from an administrative function towards more planned partnership. A major driving force behind this evolution has been the continuous advancement in the technology. Rising demand for scaling up the efforts of HR personnel coupled with growing to requirement for automating the HR processes and facilitate the workforce engagement is boosting the market for HR analytics worldwide.  

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The HR analytics market is segmented on the basis of component, deployment mode, application, end-use vertical and geography. Based on component, the solution segment led the market in 2018 and is likely to dominate the market during the forecast period from 2019 to 2027. Growing adoption of HR analytics solutions across several end-use verticals is boosting the segment growth worldwide. Various organizations across the globe are implementing HR analytics solutions for refining and uplifting the overall experience and performance of the employee. These solutions also involve the employees in various activities, helping them nurture in an improved and healthier manner. Furthermore, based on geography, North America ruled the HR analytics market in 2018. The region is expected to continue with its reign during the forecast period. Growing investments in HR analytics is increasing at a greater extent as the use of data has become more evident in all functions.

Competitive Insights:

Major players in the HR analytics market include Oracle Corporation, SAP SE, Workday, Inc., The Sage Group plc, Kronos Incorporated, MicroStrategy Incorporated, International Business Machines Corporation, Tableau Software, Zoho, Crunchr, Visier Inc., GainInsights, Sisense Inc., and Talensoft among others. The major players are focusing on taking up strategies such as partnerships, product innovation, etc. to endure and stand out in the competitive market environment. For instance, in February 2019, Crunchr, one of the specialized HR Tech Company entered into a partnership with Mercer, which is one of the world’s largest human resource consulting firm. The two companies joined forces in order to bring HR to another level. The workforce or HR analytics solution from Crunchr will enable Mercer to set clear workforce priorities and develop a strategy for addressing them.

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HR Analytics Solution Garnered the Largest Market Share in 2018

In 2018, based on component, the solution segment led the market and is expected to retain its dominance in the years to come. The use of HR analytics is significantly transforming the human resource strategy. With time, HR analytics solutions are seen as one of the critical tools that are shaping the future business strategy. The globalization of businesses, changing demographics and patterns of mobility alter continuously, changing the nature of work and the worker. Due to this change, the HR is required to become the provider of human capital analytics, which helps them in planning, developing, hiring, retaining and engaging key talents and also make strategic business decision-making. As a result, various organizations across the globe are implementing HR analytics solutions which help their HR department in improving the employee’s overall experience and involves them in various activities that help them grow in a better manner. Consequently, a significant increase in the adoption of HR analytics solutions is expected to lift the overall growth of the market during the forecast period.

Adoption rate of HR analytics in North America has been strong

In 2018, North America garnered the largest market share in the HR analytics market and will continue with its supremacy during the forecast period from 2019 to 2027. In the recent years, the adoption HR analytics in North America has become stronger and higher in comparison to other regions. In the overall regional market, 22% of companies have espoused HR analytics and 11% have adopted the role itself. The industries with the most prevalent adoption of HR analytics are tech-software and finance. Also, as the region is an early adopter of new technologies and a major hub for technological innovations, various organizations in the region are incessantly focusing on improving their workforce efficiency and are employing the best practices for HR set-ups. Moreover, the presence of some leading players in the region including Oracle Corporation, International Business Machines Corporation, Workday, Inc., etc. is altogether supporting the adoption of HR analytics.

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Connected Agriculture Market- North America held Largest Share

 The global connected agriculture market is expected to witness a growth of 16% CAGR during the forecast period from 2019 to 2027.

Product Insights

The global connected agriculture market accounted for US$ 1.7 Bn in 2018 and is expected to witness a considerable growth, mounting at a CAGR of 16 % during the forecast period from 2019 to 2027. With the increase in population the demand for food is also increasing at a greater extent. Population of this scale has brought and will bring lot of challenges, and food production is amongst the important. Connected agriculture have the capability to offer farmers with skills and knowledge to increase the productivity of the farms by providing systems and solutions like smart irrigation, yield monitoring, etc.  Connected agriculture integrates advanced technologies with existing agricultural practices to increase production efficacy and quality of agricultural products. These advanced digital technologies are now making it possible to collect and leverage huge amounts of critical data at minimal costs, thereby making farming operations more insight-driven, and potentially more efficient and productive.

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The farmers across the globe are gradually adopting these state-of-the-art technologies. Greater use of digital technologies in agriculture is important for improving a farm’s financial performance as it also offers various financial services to the farmers like insurance service, micro-lending service, and various mobile payment methods. It provides farmers with the regular updates about weather which thereby minimizes the risk of loss. As a result, increasing demand of advanced technology and dependency on IoT for various farming practices is expected to boost the connected agriculture market during the forecast period from 2019 – 2027.

The global connected agriculture market is segmented on the basis of component, application, Offerings and geography. Based on component, solution segment led the market in 2018 and is likely to dominate the market during the forecast period. The growth of this segment is mainly attributed to increasing adoption of several solutions across various end-use applications. The solution segment further comprises of network management solutions, smart water management solution, agriculture asset management solutions, etc. These are technology based solutions which monitors the yield of the crops, health of livestock, monitor the water levels of crops etc. Furthermore, based on geography, the connected agriculture market was dominated by North America in 2018 due to the widespread acceptance of various state-of-the-art farming practices.  On the other hand, Asia Pacific is expected to grow as the fastest growing region and provide more opportunities for the vendors as well as farmers through connected agriculture in the coming years.

Competitive Insights:                                        

Major players in the connected agriculture market John Deere & Company, Raven Industries Inc., Hexagon Agriculture, Decisive Farming, Trimble Inc., The Climate Corporation, DICKEY-john, GEA Group, Precision Planting, LLC and Teejet Technologies. among others. The major players of connected agriculture are implementing strategies like partnership, development of product etc.

For instance, in August 2019, Raven Industries Inc. has launched a new spraying tool for increasing efficiency and profits of agriculture retailers. The VNS system allows spraying at the speed of more than 20 mph and uses non-contact stereo vision camera to navigate rows, which allows cover more acres in a day and causes  crops damage.

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Solution Segment is expected to hold the Largest Market Share in 2018

In 2018, the solution segment held for the largest share in the global connected agriculture market and is expected to continue with its dominance during the forecast period as well. Crop yield depends upon various factors like rainfall, humidity, temperature, condition of soil and variety of seeds. As a result of this, it becomes very difficult for farmers to interrelate those factors which will hamper the productivity of the farms. Connected agriculture permits in associating the available data which thus help farmers to increase the yield of crops. Also, there is a huge demand for collecting data through sensors for minimizing losses due to uncertain weather conditions. Solution segment also consist of technologies such as water management system, which by detecting heat and moisture from soil ensures adequate supply of water to the crops.

North America held Largest Share of Connected Agriculture Market

In 2018, North America represented the largest market for connected agriculture across the globe and is likely to dominate during the forecast period from 2019 to 2027. The growth of this region is mainly accredited to the countries including U.S. government bodies in North American region provide great support for several advanced agriculture and farming technologies for increasing the production and to fulfill growing demand of food grains. Also, people in the U.S. and other countries are readily adopting and accepting advanced technologies that can be further implemented in the several farming practices. Dependency of people on various hand-held devices[S1]   like mobiles, computers etc. that uses IOT and early adoption of these technologies is boosting the market growth in the region. Furthermore, Asia Pacific is expected to witness a significant growth in connected agriculture market in the years to come as farmers in the region are gradually adopting modern methods of connected agriculture. Countries including india and China are expected to have largest market for connected agriculture in Asia Pacific region. Owing to large number of farming lands, there will be an increased demand of advanced farming methods in order to meet rising demand of food.

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Public Safety Wireless Communication Systems Market Expected to Reach US$ 25.60 BN

 The global public safety wireless communication systems market is valued at US$ 12.75 Bn in 2018 and is expected to reach US$ 25.60 Bn expanding at a CAGR of 8.1% during the forecast period from 2019 to 2027.

Market Insights

The combination of factors including data & analytics, artificial intelligence (AI) and crowdsourcing among others are propelling the growth of the public safety wireless communication systems market. Cyber security threat poses as a major challenge and to overcome this challenge measures are taken by the technology companies to ensure data security. This may hinder the growth of the public safety wireless communication systems market. Public safety communication systems is a wireless communication technology used for emergency services, by police department, fire department, medical services to prevent incidents which endangers public safety. It is an interdepartmental collaboration between multiple organizations involving police force, criminal justice and emergency response services. Through the help of this network information sharing and functional interoperability needs for public safety are addressed.

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Based on type, Digital segment is leading the public safety wireless communication market as data can be exchanged seamlessly using digital platforms as compared to analog systems. The effectiveness and efficiency of response in emergency situations can be greatly improved as information flow gets enhanced through digital signals. For instance, fire department, police department and defense & military can use data analytical tools to detect and capture data important to public and national security. The rapid adoption and application of digital technology is expected to propel the growth of the public safety wireless communication systems market.

Based on geography, public safety wireless communication systems market is dominated by North America region in terms of revenue, owing its dominance to the implementation of digital age products such as AI. Asia Pacific region to witness fastest growth throughout the forecast period, owing to an upsurge in its smart city projects and increasing adoption of security solutions to counter terrorism and natural disasters. The emerging countries such as China and India of the APAC region provide enormous opportunities of growth, due to ever-growing incidents of terrorist activities and natural disasters among others. Thus bolstering the growth of the public safety wireless communication systems market.

Digital Signals to Dominate and Register Maximum Growth throughout the Forecast Period

Based on type, the global public safety wireless communication systems market is categorized into Analog Signals and Digital Signals. The widespread use of digital signals technology has overshadowed the market for analog signals technology which was a dominant technology over the past few decades. The adoption of digital products worldwide has led to the dominant position of digital signal technology. Digital signal is followed by Analog signal, which is gradually losing its popularity due to the replacement of this technology by digital technology. Digital signal is expected to register faster growth during the forecast period of 2019-2027. The demand for digital signals is fuelled by the advances made in this technology, which in turn propels the growth of global public safety wireless communication systems market.

North America Dominates; Asia Pacific Touted to Register Fastest Growth during the Forecast Period

North America region dominates and is the leader of the market, contributing largest revenue share to the global public safety wireless communication systems market followed by Europe and Asia Pacific respectively. This is due to emergence of advanced technologies and its implementation by various organizations in this region. North America being the early adopter of digital technology, which drives the growth of the public safety wireless communication systems market in this region. In contrast, Asia Pacific is set to register the fastest and largest growth during the forecast period. This growth is associated with the emergence of smart cities, increased terrorist activities and rising natural disasters among others, which creates the demand for effective and efficient public safety systems. Thus bolstering the growth of the public safety wireless communication systems market in this region.

Some of the leading manufacturers/developers profiled in the study include Nokia Corporation, AT&T, Inc., Motorola Solutions, Inc., Huawei Technologies Co., Ltd, Telefonaktiebolaget LM Ericsson, Hariss Corporation, ZTE Corporation, Cobham Wireless Plc, Inmarsat Plc, Hytera Communication Corporation Ltd., JVCKENWOOD Corporation, Mentura Group, Tait Communications, Telestra Corporation Ltd., Ascom Holding AG among others.

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Autonomous Vehicle Market expanding at a CAGR of 35.6%

 The global autonomous vehicle market is expected to expand at a CAGR of 35.6% during the forecast period from 2019 to 2027.

Market Insights

An Autonomous vehicle, sometimes also referred as a self-driving vehicle (SDV) uses technologies such as Artificial Intelligence (AI), LiDAR and Radar sensing for creating a 3D map in order to sense the environment and travel from one destination to another without human interference. Since it eliminates the need for a driver, it reduces operating costs for car rental service providers such as Uber, and Lyft among others. In addition, an autonomous vehicle helps customers to lower mobility cost by offering greater flexibility in terms of transportation to desired location, thereby providing a market for transport as a service (TaaS) and gradually lowering individual vehicle ownership rate. On the flip side, it raises the concerns on unemployment as humans will be replaced by robots.

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Autonomous vehicles such as robo-taxis operate on Autonomous Mobility on Demand (AMoD) service, touted to be one of the most rapidly adopted applications of autonomous vehicles, especially in developed economies such as the U.S., the UK among others. Automotive industry is going to see huge transformation due to growing R&D in autonomous vehicles, strict government regulations & inclination of automotive manufacturers towards the technology. Rising emissions have created a huge demand for fuel efficient and emission free vehicles. Robotic assistance is expected to be the solution for emission free and fuel efficient environment.

However, as mentioned earlier, unemployment will become a major issue as soon as this technology becomes fully commercial since humans will be replaced by robots. Cyber security threats will be higher as terrorists and hackers can exploit it by hacking into multiple models at the same time. Furthermore, huge capital investment and consequent need to increase R&D expense may pose challenge to new entrants in the market.

Autonomous vehicles is segmented by level of autonomy into two categories, namely semi-autonomous and fully autonomous. Autonomous vehicles with semi- autonomous technology represents those vehicles in which computer can handle two or more tasks simultaneously, while fully autonomous technologies are those which allow drivers to safely turn their attention away while driving. Fully autonomous is further categorized in two types namely: L4 autonomy and L5 autonomy. In L5 autonomous vehicle, the vehicle doesn’t require human interference as it is fully automated. Currently, the L4 vehicles are being monitored by human backup drivers and are geo-fenced whereas L5 vehicles are still being envisioned.

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Europe represents the largest autonomous vehicle market followed by North America. Europe is anticipated to witness strong growth as countries such as Germany, France, and the U.K. etc. are aggressively focusing on developing related infrastructure to test and deploy autonomous vehicles on large scale. Developing economies such as China, India, Japan and South Korea among others are also not lagging behind and are slated to become attractive markets in the years to come. The combination of factors including developing transport infrastructure, rapid urbanization and increased focus on environment & vehicle safety in countries such as China, Japan, and India is contributing towards growing demand in Asia-Pacific region.

Europe Dominates; Asia Pacific Touted to Register Fastest Growth during the Forecast Period

In 2018, Europe was the largest region which contributes a large part of value to the global autonomous vehicle market followed by North America and Asia Pacific respectively. Europe accounts for around 30% of the market share of global autonomous vehicle market. This is attributable to the significant growth in development of infrastructure observed across countries such as Germany, France, and the UK among others. Currently, new players from technology sector and mobility startups are leading and huge investments made by manufacturing organizations in research & development is projected to encourage the Europe autonomous vehicle market growth in the upcoming years. In contrast, North America is anticipated to register robust growth, during the initial years due to presence of state of the art infrastructure and rapid adoption of advanced technology in the region.

Some of the major autonomous vehicle manufacturers operating in the market include Tesla, Inc., Daimler AG, Lyft, Inc., Uber Technologies Inc., Volkswagen AG, Volvo Car Corporation, Waymo LLC, Ford Motor Company, General Motors Company, BMW AG, and Aptiv PLC among others. In addition, large number of collaboration between technology providers and manufacturers in the market is expected to further strengthen the competitive landscape of autonomous vehicle market worldwide.

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Keylock Switches Market: Double-Pole Switch Segment Dominated the Global Market

 The global keylock switches market is set to grow with a CAGR of 4.0% during the forecast period.

Market Insights

The keylock switches are ideally used to manage the safety of industrial environments with utmost simplicity. Factors such as increasing importance of operational efficiency, and safety of the equipment and machinery, and automation of the production equipment are driving the growth of keylock switches market. Also, companies operating in this field are developing new and innovative products that are adding to the existing product line.

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Furthermore, technological advancements and increasing demand of keylock switches in the manufacturing plants comprising of heavy machinery are also enhancing the growth of this market. Moreover, increasing range of end-use applications, miniaturization of devices and extraordinary demand for safer equipment are also fueling the growth of this market. However, availability of alternative low cost options are expected to restrain the growth of the keylock switches market during the forecast period.

Based on type, the double-pole keylock switch led the keylock switches market by holding a market share of over 60%. The double-pole keylock switches offer low cost key operated security in contradiction of unplanned or unauthorized access. The industrial applications of double-pole keylock switches are increasing rapidly based on growing industrial sector. Importance of safety and security is high in the end use industries, and thus, is expected to drive the growth of the keylock switches market during the forecast period.

Based on geography, North America held the largest market share of more than 38% in 2018. Increasing developments in the consumer electronics and appliances industry and telecommunication industry in this region is fueling the growth of this market. However, developing regions such as China, Brazil, and India offer numerous growth opportunities for the key players based on technological advancements, and developing manufacturing sector. This is projected to enhance the market in Asia-Pacific region.

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Double-Pole Switch Segment Dominated the Global Market

In 2018, double-pole keylock switch led the keylock switches market by holding a market share of over 60%. The double-pole keylock switches offer low cost key operated security in contradiction of unplanned or unauthorized access. The industrial applications of double-pole keylock switches are increasing rapidly based on growing industrial sector. Importance of safety and security is high in the end use industries, and thus, is expected to drive the growth of the keylock switches market during the forecast period.

North America to Dominate the Market by Region

In the global keylock switches market, North America held the largest market share of more than 38% in 2018. Increasing developments in the consumer electronics and appliances industry and telecommunication industry in this region is fueling the growth of this market. However, developing regions such as China, Brazil, and India offer numerous growth opportunities for the key players based on technological advancements, and developing manufacturing sector. This is projected to enhance the market in Asia-Pacific region.

Some of the prominent players operating in the keylock switches  market include TE Connectivity, CWT, C&K, E-Switch, Grayhill Inc., Crouzet, CTS Electronic Components, Apem (IDEC), Omron, Wurth Electronics, NKK Switch, Nidec Copal Electronics, Hartmann, ALPS, and ITW Group.

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At CAGR of 11.5% Radiofrequency Ablation Devices Market to Hit US$ 7.10 bn by 2028

 The radiofrequency ablation devices market size is expected to reach over US$ 7.10 billion by 2028. The increasing prevalence of oncology, cardiovascular, and metabolic diseases in the geriatric population are the key factors for radiofrequency ablation devices market growth. The radiofrequency ablation devices market report further mentioned that the market size raised at US$ 2.98 billion in 2019, and it is likely to exhibit a Compound annual growth rate (CAGR) of 11.5% during the forecast period 2020 to 2028.

The increasing prevalence of oncology, cardiovascular, and metabolic diseases

The increasing prevalence of oncology, cardiovascular, and metabolic diseases such as brain cancer, lung cancer, chronic heart failure, arrhythmia, and type 2 diabetes in the geriatric population are the key factors for radiofrequency ablation devices market growth. The preference for minimally invasive surgeries is the key factors for the radiofrequency ablation devices market growth. According to a recent report published in November 2019, by the International Diabetes Federation division Diabetes Research and Clinics Practice, The global diabetes prevalence in 2019 is estimated to be 9.3% (463 million people), rising to 10.2% (578 million) by 2030 and 10.9% (700 million) by 2045. The prevalence is higher in urban (10.8%) than rural (7.2%) areas, and in high-income (10.4%) than low-income countries (4.0%). Furthermore, the increasing technological advancements and awareness for early diagnosis of chronic diseases such as arthritis and osteoporosis coupled with improving healthcare infrastructure are some other key factors for the market growth.

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Rising demand from developing countries

The rising demand for radiofrequency ablation devices in developing countries such as India, China, and Brazil and the increasing use of ultrasound ablation technology in the radiofrequency ablation devices market is also encouraging the popularity of these devices. Furthermore, the increasing elderly population worldwide along with rising life expectancy are the key factors for the market growth over the upcoming years.

Alchemy Research and Analytics LLP, has observed the impact of the ongoing COVID‑19 pandemic on the radiofrequency ablation devices market for the years 2020 and 2021. As per our extensive secondary and primary research, the demand for radiofrequency ablation devices has increased due to rising concern among consumers towards the diagnosis of chronic diseases. However, the halt in the manufacturing industry across the world has decreased the supply of raw material final products worldwide. Hence, the radiofrequency ablation devices market is severely impacted during the COVID-19 period.

Key Manufacturers Aim to Enhance Their Portfolios by Partnerships

According to Alchemy Research and Analytics major market players in the radiofrequency ablation devices market are focusing on strategies such as partnerships, collaboration, acquisitions, and mergers to enhance their geographic presence as well as product portfolio. The radiofrequency ablation devices market is highly fragmented.

Alchemy Market Research lists out the names of key market players in the radiofrequency ablation devices market. They are as follows:

• Avanos Medical Inc.
• Stryker
• Abbott
• Medtronic
• Boston Scientific
• Bard(BD)
• Angiodynamic
• Hologic
• Articure
• Merit medical

A Significant Industry Development-

• October 2020: Stryker one of the world’s leading medical technology company launched Niagara Lateral Access System with the completion of 600 surgeries. Stryker offered a comprehensive and integrated portfolio of minimally invasive lateral solutions with the addition of Niagara for treating spinal deformities in skeletally mature patients. The Niagara Lateral Access system is designed to enhance control through precision, visibility, and flexibility during the procedures. The instruments are designed for all kinds of lateral lumbar surgeries.

Further Report Findings-

• The Asia Pacific is presumed to witness the fastest growth in the years to come due to rising consumer awareness for diagnosis of oncology, cardiovascular, and metabolic diseases and rising launch of advanced technology such as multi-needle electrode showcasing accuracy and cost-effectiveness is expected to grow the market in the region.
• North America accounted for the largest share in the global radiofrequency ablation devices market due to the developed healthcare infrastructure along with the high adoption of technologically advanced solutions, high purchasing power, and government support for quality healthcare.
• Based on product type, the radiofrequency ablation devices market is divided into devices and disposables. Disposable is used in each ablation surgery. These disposable used to transmit the electric current to the target tissue. Disposable equipment is the main component of the radiofrequency ablation procedure.

Report Scope by Market Segments

By Product

• Disposable Equipment
• Capital Equipment
• Reusable Equipment

By Application

• Surgical Oncology
• Cardiology & Cardiac Rhythm management
• Cosmetology
• Gynecology
• Pain Management

Regional Perspective

• North America (U.S., and Canada)
• Europe (U.K., Germany, France, Spain, and Rest of Europe)
• Asia-Pacific (Japan, China, India, and Rest of Asia- Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• The Middle East & Africa (Saudi Arabia, UAE, and Rest of the Middle East & Africa)

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Physical therapy rehabilitation solutions market to reach over US$ 39.0 Bn by 2028

 The physical therapy rehabilitation solutions market size is expected to reach over US$ 39.0 billion by 2028. The rising cases of road accidents along with growing product launches are the major factors for physical therapy rehabilitation solutions market growth. The physical therapy rehabilitation solutions market report further mentioned that the market size raised at US$ 23.3 billion in 2019, and it is likely to exhibit a Compound annual growth rate (CAGR) of 7.9% during the forecast period 2020 to 2028.

The increasing prevalence of road accidents

The increasing prevalence of road accidents along with rising product launches by key market players are the key factors for global physical therapy rehabilitation solutions market growth. According to the latest article published by World Health Organization (WHO) in February 2020, approximately 1.35 people die each year in road traffic crashes. As per the same report, between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury. Moreover, road traffic injuries among the age of 5-29 years are the highest. However, the lack of skilled professionals is one of the key restraints for the market growth in the years to come.

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Rising collaborations and partnerships

The rising strategic partnerships and collaborations among key players are another key factor anticipated to enhance the global physical therapy rehabilitation solutions market growth over the forecast period. For instance, in April 2020, MTI physical therapy, a network of clinics in Washington State has partnered with MedBridge to provide effective care and patient support during the COVID-19 crisis. MTI is committed to patient care with low volume, one-to-one, evidence-based care. To accommodate social distancing protocols, MTI has also launched the option of remote therapy via MedBridge’s Telehealth Virtual Visits solution. MedBridge’s Telehealth Virtual Visits solution allows MTI to remotely care for patients in real-time, providing a HIPAA-compliant method for continuing treatment plans during the ongoing COVID-19 crisis.

Alchemy Research and Analytics LLP, has observed the impact of the ongoing COVID‑19 pandemic on the physical therapy rehabilitation solutions market for the years 2020 and 2021. As per our extensive secondary and primary research, the demand for physical therapy rehabilitation solutions has decreased.

Key Manufacturers Aim to Enhance Their Portfolios by Partnerships

According to Alchemy Research and Analytics major market players in the physical therapy rehabilitation solutions market are focusing on strategies such as partnerships, collaboration, acquisitions, and mergers to enhance their geographic presence as well as product portfolio. The physical therapy rehabilitation solutions market is highly fragmented.

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Key market players in the physical therapy rehabilitation solutions market. They are as follows:

• Reflexion Health
• AC international East
• Cerner Corporation
• Kareo Inc.
• Therapy Sync
• eviCore Healthcare
• Meditab
• iSalus
• Smith and Nephew
• CoRehab srl
• Hinge Health Inc.
• Sword Health Inc.
• Mira Rehab Limited
• Motekforce Link
• Gesturetek Health

A Significant Industry Development-

April 2020: ATI Physical Therapy (ATI), one of the nation’s largest providers of physical therapy services, announced the launch of its online physical therapy service offering to maintain continuity of care and allow easier access for patients, given the constraints and challenges presented by the COVID-19 pandemic. ATI’s telehealth solution is a personalized and tailored online option for patients. ATI’s new online service is an immersive, digital physical therapy experience. The virtual service offering combines best-in-class digital screening tools, comprehensive musculoskeletal (MSK) evaluations, expert advice, in-depth content and video messaging all in a secure environment. New patients will have online PT as an option, following a structured initial screening to ensure appropriateness of virtual therapy.

Further Report Findings-

• The Asia Pacific is projected to witness the fastest growth in the years to come due to rising road accidents and product launches by key market players in the region. The rising awareness among consumers for physical therapy is another key factor anticipated to enhance regional growth over the upcoming years.
• In 2019, North America accounted for the largest share in the global physical therapy rehabilitation solutions market owing to the presence of key market players along with increased product launches by key players in the industry.
• Based on solution, the physical therapy rehabilitation solutions market is bifurcated into hardware and software. The hardware category accounted for the largest share in 2019 and accounted for over 60% of the market revenue share in the same year. This is mainly due to manufacturers are engaged in the development of hardware solutions to physical therapy rehabilitation solutions. Besides, the software category is presumed to witness the fastest growth over the forecast period.

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At 25.1% CAGR Herceptin biosimilar market to reach over US$ 6.5 bn by 2028

 The herceptin biosimilar market size is expected to reach over US$ 6.5 billion by 2028. The increasing prevalence of cancer worldwide along with rising product launches by key players are the key factors for herceptin biosimilar market growth. The herceptin biosimilar market report further mentioned that the market size raised at US$ 1.1 billion in 2019, and it is likely to exhibit a Compound annual growth rate (CAGR) of 25.1% during the forecast period 2020 to 2028.

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The increasing prevalence of cancer

The increasing prevalence of numerous cancer such as breast cancer, gastric cancer, and others across the globe is one of the key drivers for market growth. According to a recent report published in 2019, by the International Agency for Research on Cancer (IARC) and GLOBOCAN, the global cancer burden has risen to 18.1 million cases and 9.6 million cancer deaths. Moreover, the rising pollution and changing consumer lifestyle coupled with the adoption of smoking are some other key factors anticipated to enhance the global herceptin biosimilar market over the upcoming years.

Rising demand from developing countries

The increasing demand for herceptin biosimilar in emerging economies such as India, China, Brazil, and others along with rising spending on research & development are some other key factors for the growth of the global herceptin biosimilar market during the forecast period. The rising product launches by key players is another major reason for global market growth. For instance, in March 2020, Celltrion Healthcare and Teva Pharmaceutical Industries Ltd. introduced trastuzumab biosimilar Herzuma (trastuzumab-pkrb) in the US. Herzuma can be used to treat breast and gastric cancer and has recently been approved in Canada. However, the presence of alternatives along with the side effects of herceptin biosimilar are estimated to hinder the market growth over the forecast period.

Alchemy Research and Analytics LLP, has observed the impact of the ongoing COVID‑19 pandemic on the herceptin biosimilar market for the years 2020 and 2021. As per our extensive secondary and primary research, the demand for herceptin biosimilar has decreased. For instance, in July 2020, a leading manufacturer of oncology medicines Roche Holding AG stated that its top three selling biosimilar products, Rituxan, Herceptin, and Avastin experienced a reduction in sales of around 33%, 46%, and 29% respectively during the COVID- 19 period.

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Key Manufacturers Aim to Enhance Their Portfolios by Partnerships

According to Alchemy Research and Analytics major market players in the herceptin biosimilar market are focusing on strategies such as partnerships, collaboration, acquisitions, and mergers to enhance their geographic presence as well as product portfolio. The herceptin biosimilar market is highly fragmented.

Alchemy Market Research lists out the names of key market players in the herceptin biosimilar market. They are as follows:

• Amgen Inc.
• Aryogen Biopharma
• Biocon Limited
• Celltrion Inc.
• Pfizer Inc.
• Merck & Co. Inc.
• Accord Healthcare Ltd.
• Gedeon Richter PLC
• Genor Biopharma Company Ltd.
• Mabion S.A.
• Mylan N.V.
• Roche Holding AG

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Electrical Safety Products Market to Reach USD 19.86 bn (7% CAGR) by 2028

A comprehensive report on the electrical safety products market has recently been released by Alchemy Market Research to its widespread database. The global electrical safety products market size was valued at USD 10.1 billion in 2018 and projected to reach USD 19.86 billion at a CAGR of 7 % over the forecast period. Market research is becoming an important factor for reaching out to the applicable clients across the global regions. It helps to explore the new global market growth opportunities to identify the new clients for boosting the outcomes in the global electrical safety products market. Moreover, it sheds light on global market segmentation to explore more about various attributes such as global market size, applications, trends, technologies, end-users, technological platforms, and various aspects of the businesses. Collectively, this informative market research report helps to make data-driven decisions in the businesses over the forecast period.  Additionally, it offers data on various dynamic parameters such as different plans, policies rules, and regulations initiated by the government for the global electrical safety products market.

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Following factors are encouraging and driving the global electrical safety products market:

Increasing electrical safety PPE demand owing to employers’ inclination towards worker’s safety should increase market demand. Furthermore, stringent occupational health & safety regulations amendments imposed by government agencies such as OSHA and EU union mandating types of safety equipment utilized for respective industries which are boosting the demand for the global electrical safety products market.

the Leading Key Players Functioning In the Electrical Safety Products Market:

• UVEX Safety Group Gmbh
• Rock Fall Limited
• Honeywell International, Inc
• Baymro Safety
• MSA Company
• NATIONAL SAFETY APPAREL
• Protective Industrial Products
• Oberon Company
• Boddingtons Electrical Ltd
• UDYOGI SAFETY APPLIANCES PRIVATE LIMITED
• Paulson Manufacturing Corporation
• COFRA S.R.L
• Black Stallion Inc
• Ansell Ltd
• M Company

The global informative business intelligence report has been curated with the help of the following pointers:

• Detailed analysis of the electrical safety products market into different global market regions such as North America, Middle East, Europe, Asia Pacific, and Rest of the World based on various global market segments.
• Competitive landscape of the electrical safety products market by examining leading companies functioning across the global market
• SWOT analysis and Porter’s five forces analysis of the electrical safety products market into different global regions.

• Qualitative and quantitative analysis of the electrical safety products market based on different global market segments and sub-segments
• Provision of global market values and market estimation over the forecast period.

Segmentations:

Product Type Perspective (Revenue in USD Billion):

• Electrical Personal Protective Equipment
• Wearable Rubber Insulation
• Arc Flash Safety
• Insulating Tools
• Cover Up Insulation

Application Perspective (Revenue in USD Billion):

• Shock Hazard
• Arc Flash Hazard

End-Users Perspective (Revenue in USD Billion):

• Power Utility
• Industrial and Commercial

Regional Perspective (Revenue in USD Billion):

North America

• U.S.A
• Canada

Europe

• Italy
• Germany
• France
• UK
• Spain
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico

Middle East & Africa

• UAE
• Saudi Arabia
• Turkey
• Rest of Middle East & Africa

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Natural and Organic Personal Care Market is relied upon to enlist a CAGR 9.4 % between 2019-2028

 Is the changing perception of consumers shaping a new future?

The beauty and personal care industry is undergoing a revolution, with the perception of different products by consumers rapidly changing. Consumers are interested in learning more about the item, its ingredients, and its benefits. This increased consumer interest has created awareness of harmful chemicals used in conventional personal care products and has paved the way for the market for natural and organic personal care products.

The global natural and organic personal care market was estimated at 14.81 billion in 2019 and projected to reach 33.25 billion at CAGR of 9.4 % over the forecast period.

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It is estimated that ~59% of customers believe that their personal care products are dangerous. In addition, ~56% of customers usually know the ingredients used in their personal care products, and ~92% of customers believe that strict guidelines on the use of ingredients in personal care products are available. In addition, consumers are also becoming more aware of animal welfare by avoiding personal care products that have killed some animals, which have had a profound impact on consumer shopping habits. The growth of the market for natural and organic personal care products is being fueled by the growing number of health-conscious consumers.

In 2018, L’Oréal Professionnel launched a new line of 100% plant-based and vegan salon hair dyes called Botan?a in Western Europe. It consists of three primary ingredients such as Henna leaves, Cassia, and Indigo leaves. With the introduction of this hair dye, L’Oréal Professionnel highlights the best combination of scientific research and nature, enabling the creation of a huge palette of shades to tailor the consumer requirements.

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Predominant awareness among consumers on environmental issues has set the sub-zero waste as a prominent trend in the beauty and personal care industry. The beauty and personal care (BPC) industry players are focused on shifting to a whole new paradigm to approach zero waste and sustainability, especially in the packaging of products. For instance, the French cosmetics brand named La Bouche Rouge Paris highlights the reusable or refillable luxury lipstick packaging, which is made of leather.

In addition, many established brands such as L'Oreal, Unilever, and Lush Cosmetics are heavily focused on the impact of packaging, personal care product sales, and the feelings of consumers about these factors. For their personal care products, consumers demand reusable, recyclable, and compact packaging to improve sustainability. Meanwhile, packaging suppliers are developing new alternatives to invest in processes and products that are eco-friendly.

North America’s Fist-mover Advantage of Premiumization of Natural and Organic Personal Care Products

It is evaluated that the BPC industry has a significant market in North America. However, the market is set to increase with the introduction of natural and organic personal care products. Consumers perceive the use of natural and organic ingredients in their personal care products as a high standard of living as organic personal care products are relatively expensive.

It is estimated that consumers in North America have a great willingness to pay more for natural and organic products. In North America, it is estimated that premium natural and organic personal care products are gaining popularity. It is reported that ~50 percent of American women look for premium natural and organic personal care products, and this percentage is estimated to increase substantially.

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Middle East and Africa Hand Sanitizer Market Supposed to touch 175.87 MN by 2028

 The Middle East and Africa’s retail industry has been flourishing owing to the growing disposable income of the public. Therefore they can afford to spend more on hygiene products such as hand sanitizers. In addition, there has been a spurt in the region's sales of hand sanitizers due to the ongoing Coronavirus outbreak. Due to the ongoing COVID-19 outbreak, a Dubai-based company named Marssai, which produces hand sanitizers and hand washes, has reported an increase in sales. Due to the pandemic, the e-commerce sector is set to report sales of $68 billion, indicating that there is an increased demand for hand sanitizers in the MEA region.

The Middle East and Africa Hand Sanitizer Gels Market was estimated at 69.31 million in 2019 and projected to reach 175.87 million at CAGR of 10.9% over the forecast period.- AMR

In Saudi Arabia, the demand for hand sanitizers is likely to continue, owing to the rising awareness regarding hand hygiene and the growth in the per capita income. According to an article, companies offering sanitizer products are struggling to keep pace with the growing demand for these products. Moreover, the KSA’s detergent industry has seen a major upswing as a result of the growing public consciousness about maintaining personal hygiene. This is expected to bolster the demand for hand sanitizers in both, the residential as well as commercial sectors. The increased demand will fuel the growth of Saudi Arabia’s hand sanitizer market.

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Unilever is  a leading consumer goods company, and offers several products in the personal care segment. Its various hand sanitizer products include Hand Sanitizer Mild Care, Hand Sanitizer, Hand Sanitizer Nature, Hand Sanitizer Active Fresh, and Total 10 Immunity Boosting Anti-Bacterial Hand Sanitizer. The company has been active in the emerging markets through its subsidiaries in the Middle East and Africa region.

Hand sanitizers are being increasingly used in the healthcare sector on account of surging COVID-19 cases coupled with increasing applications of sanitizers in hospitals and healthcare centers. Nevertheless, the hospitality sector is expected to witness healthy growth during the forecast period owing to the development in hotel projects across several countries in the Middle East and Africa region in the coming years as tourism is projected to gain traction post-pandemic.

The hand sanitizer market report from the Middle East and Africa covers the market comprehensively by product types, product forms, distribution channels, end users, and countries. The Middle East and Africa Hand Sanitizer Market Outlook Report provides an unbiased and comprehensive analysis of the trends in the Middle East and Africa hand sanitizer market, Middle East and Africa Hand Sanitizer Market size opportunities, high growth areas, Middle East and Africa Hand Sanitizer Market share, and market drivers to help stakeholders develop and align their market strategies.

The Middle East & Africa hand sanitizer market is estimated to gain popularity during the forecast period 2020-26F backed by rising COVID-19 outbreak. Increasing awareness among the population towards maintaining health and hygiene by using hand sanitizers tends to cease the spread of germs coupled with minimise the risk of deadly infection and is anticipated to propel the significant demand for hand sanitizers in the foreseeable future. In addition, on the basis of end-users, the commercial sector is estimated to make serious progress towards a remarkable market growth supported by increasing social gathering to make it compulsory to use hand sanitizers to ensure free hand of germs and to reduce the risk of disease to proliferate the significant growth of the Middle East & Africa hand sanitizer market in the future.

The main reason behind the growth of the hand sanitizer market in the middle east and African region is because of the coronavirus spread. The increase in the number of patients affected by the fatal disease is leading to an increase in the concern regarding health and hygiene to be maintained and as a result, is leading to an increase in the adoption of hand sanitizers all across the region. The outbreak of the novel coronavirus has led to the destruction of the Middle East and Africa (MEA) economy. With the increasing number of patients and an increase in mortalities across the globe, the coronavirus has led to major health problems amongst the population across the globe. A rapid increase in the number of cases led to an increase in the adoption of hand sanitizers. The continuous need to ensure hygiene is the main cause of the increase in the sales of hand sanitizers. The healthcare professionals are recommending COVID-19 patients and not only the suspects but also the general and healthy population to make continuous use of hand sanitizers to alleviate the entering of the pathogen into the human body through palm skin and this has led to the skyrocketing growth of hand sanitizers in the market and is expected to leave a positive impact on the market growth in the coming timeframe as well as the concerns regarding hygiene monitoring increases with the rising prevalence of such chronic diseases.

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Interactive And Self-Service Kiosk Market- Hardware Component Segment Dominated the Global Market

 The overall interactive and self-service kiosk market worldwide was valued at US$ 23.45 Bn in 2018 and is set to grow with a CAGR of 9.1% during the forecast period.

Market Insights

The interactive and self-service kiosk market is primarily driven by growing adoption of smart technologies in retail, and banking industries. Globally, self-service kiosk desks are being implemented mainly to develop the operational efficiency with an aim of time management. Additionally, development of modern infrastructure and smart cities are increasing the significance of kiosks and thus have enhanced its adoption across various developed and developing regions. Furthermore, apart from commercial applications, the self-service kiosks systems also have gained momentum in industrial sector.

For many businesses, these systems help in analyzing the consumer behavior and purchasing pattern. Companies also use the kiosks systems to enhance and improve their service offerings. Moreover, increasing applications of interactive and self-service kiosk systems in healthcare, manufacturing and government sector are also fueling the growth of this market. However, high installation cost, complex maintenance and support services, increasing threat of cyber-attacks and complex handing of the systems are likely to restrain the growth of the market during the forecast period.

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Based on component, the interactive and self-service kiosk market is segmented into hardware, software and services. The hardware segment dominated the market in 2018, however services segment is likely to witness a fastest growth of over 13% during the forecast period. Also, based on end users, the market is segmented into BFSI, retail, food & beverage, healthcare, government, travel & tourism and other end users. Adoption of interactive and self-service kiosk in healthcare sector is projected to witness fastest growth of over 11.0% during the forecast period. This growth is mainly attributed to increasing applications in telemedicine, automated medicine dispensing, record keeping and appointment management.

Geographically, the interactive and self-service kiosk market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America dominated the global market in 2018 with a market share of more than 40%. This market position is mainly attributed to increasing adoption of smart devices and equipment in retail, banking, and hospitality industries. Meanwhile, Asia-pacific region is expected to witness a fastest growth of around 15.0% during the forecast period. Also, European region is also witnessing a significant growth based on increasing adoption and growing applications of self-service kiosks systems across various industries.

Some of the prominent players operating in the interactive and self-service kiosk market include NCR Corporation, Elpro Technologies Pty. Ltd., Olea Kiosks Inc., Toshiba Tec Corporation, Crane Co., Azkoyen SA, Diebold Nixdorf, Inc., Phoenix Kiosk Inc., Fuji Electric Co., Ltd., Fujitsu Ltd., GRG Banking Equipment Co., Ltd., and Acrelec Group.

Hardware Component Segment Dominated the Global Market

Based on component, the interactive and self-service kiosk market is segmented into hardware, software and services. The hardware segment dominated the market in 2018 by holding a share of over 40% of the total revenue generated. This large market share is attributed to increasing adoption of kiosk machines. Large number of kiosk machine such as ATMs, self-checkout systems, ticketing machines, and smart vending machines, are being set-up in various public places. However, software and services segments are projected to grow at substantial CAGR during the forecast period. Penetration of latest technology components, digitization, and internet signal transmission are contributing to the growth of these segments.

Asia-Pacific To Witness a Fastest Growth in the Market by Region

In 2018, North America held prominent position in the global interactive and self-service kiosk market. This market position is mainly attributed to increasing adoption of smart devices and equipment in retail, banking, and hospitality industries. Meanwhile, Asia-pacific region is expected to witness a fastest growth of around 15.0% during the forecast period. Large number of airports in countries such as Japan, India, China, and South Korea are implementing self-service kiosk systems to help fasten the ticketing and boarding process. Also, development and establishments of modern infrastructure are likely to fuel the growth of interactive and self-service kiosk market in this region.

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Smoke Detector Market: North America to Dominate, Asia Pacific to Witness Strong Growth

 The global smoke detector market is expected to reach US$ 3.01 Bn by 2027, expanding at a CAGR of 9.0% during the forecast from 2019 to 2027.

Market Insights

The smoke detectors are the devices that basically sense smoke by providing an indication of fire, thus providing safety and security to commercial, residential, and industrial sectors. The performance of a smoke detector can be evaluated depending upon various factors such as sensitivity of the detector toward fire effluents, installation cost, energy consumption, nuisance rejection, and response time. Growing applications of internet of things (IoT) with smart devices, increasing injuries, growing number of healthcare centers and industries, technological advancement and innovation in smoke detector are the major factors driving the market for smoke detectors.

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Growing awareness towards fire related hazards and penetration into new technology, has made mandate the use of fire safety devices coupled with its presence across various projects worldwide. The aforementioned factor is expected to propel the demand for smoke detectors.

Due to the increasing penetration of artificial intelligence (AI), robotic process automation (RPA), machine learning (ML), and internet of things (IoT), the smoke detector market is facing a transition over a range of products that includes home alarm systems, water leak detection devices, and smoke alarm/detectors. The integration of digital assistance and technological developments has driven the demand from end-users such as government, commercial, residential, industrial, and educational sectors for smart smoke detectors.

With increasing in demand for smart fire alarms and safety technology along with growing popularity for home automation technology, the global smoke detector market is expected to grow significantly over the forecasted period.

The North America holds a market share of around 30% in 2018, witnessing a largest market for smoke detectors worldwide. As per National Fire Protection Association (NFPA), U.S. face home fire deaths due to malfunctioning and non-availability of smoke detectors. The aforementioned statistics encourage consumers to opt for smoke and fire alarm system in their residential and commercial premises.

Asia Pacific is expected to be the fastest growing region, owing to increase in population, real estate and infrastructural sectors. Major players such as Schneider Electric are adopting strategies like mergers and acquisitions to increase the customer penetration over smoke detectors.

However, higher initial investment cost, replacement cost, lack of power back-up for smoke detectors are some restraining factors for the growth of the global smoke detector market.

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Increasing Demand from the Commercial and Residential buildings to Drive Growth Prospects

Strict government policies and regulations in developing economies has mandate for the use of smoke detectors in commercial and residential infrastructures. Significant growth in urbanization across the globe is expected to increase the demand for smoke detectors from the sectors. Other key features affecting the growth of smoke detectors includes government initiatives, increasing adoption for smart technology like smart homes and security. With the infrastructural developments such as entertainment buildings, hotels, educational institutions, and other commercial buildings, owing to the ability to provide fire protection will drive the demand for smoke detectors.

Growing number of construction activities has initiated the need for smoke detectors to be installed in commercial infrastructures such as office spaces, shopping malls, buses, metros, and recreational centers. In the recent years, U.K. has increased its fire services across residential segment which is expected to boost up the smoke detector market.

North America to Dominate, Asia Pacific to Witness Strong Growth

In the recent years, due to advancement in technology the North America holds around one-third of smoke detector market. The increased strictness in government policies and mandates for fire safety regulation in the U.S. and Canada has increased the demand for smoke detectors in this region. According to the National Fire Protection Association (NFPA), around 4% of homes in North America face death and mishaps due to non-availability of smoke detectors. In order to minimize the risk of deaths in residential and commercial buildings, use of smoke detectors has been mandated by government which in turn will drive the demand for smoke detectors across the region.

Asia Pacific region is going to witness a lucrative growth among the emerging economies such as China, India and Indonesia. The incorporation of the digital technology such as IoT and AI is bound to fetch a massive change to both small and large scale sectors in the Asia Pacific region. Growing construction activities in residential, commercial, industrial, and civil engineering sectors has fuel up the need for smoke detectors.

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Hitter Based Hand Tools Market- Shovels Segment Dominated the Global Market

 The global hitter based hand tools market is set to grow with a CAGR of 5.5% during the forecast period.

Market Insights

Globally, there is rapid adoption of hand tools for household chores such as gardening, small construction actives, and so on. As these tools do not require motor or electricity, it provides benefits such as low cost and saving up energy. Furthermore, people across the globe are adopting the concept of DIY (do-it-yourself), which also enhances the usage of hammers, shovels, and other hand tools. Increasing home based activities in the field of construction, landscaping and so on are largely driving the adoption of hitter based hand tools across the globe.

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Furthermore, increasing adoption of hand tools enhances the rate of production which increases the annual revenue of the major players in the global market. Furthermore, advancements in the sales and distributing channels such as emergence of online portals, and home delivery options are also fueling the growth of hitter based hand tools market. However, availability of machines that can do the same work as hand tools with minimum efforts, increasing automation, and growing industrialization are some factors restraining the growth of this market during the forecast period.

Based on product type, the shovels held maximum market share of over 30% in 2018. Globally, people are opting for gardening as a way to reduce stress, keep the limber, and upgrade the mood when depressed. This increasing gardening activities are enhancing the sales of shovels, axes, hemmers and many such hand tools. Furthermore, increasing home construction activities are driving the adoption of hammers and axes in residential and commercial sectors.

Based on geography, North America held a marker share of more than 38% of the total revenue generated. Increasing dominance of DIY activities, growing production capabilities of local manufacturers, and rapid industrialization and product innovation are some of the factors attributed to the prominent market position in global industry. Asia-Pacific and European countries are likely to be growing at a significant CAGR during the forecast period as agriculture sector is prominent one in these regions.

Some of the prominent players operating in the hitter based hand tools market include Stanley Black & Decker, Inc., Apex Tool Group LLC, Snap-on Incorporated, Q.E.P. Co., Inc., Vaughan &, Bushnell Manufacturing, Estwing Manufacturing Company Incorporated, The AMES Companies, Inc., ABC Hammers, Inc., Techtronic Industries Co. Ltd., and Hardcore Hammers.

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Shovels Segment Dominated the Global Market

Based on product type, the hitter based hand tools market is segmented into shovels, hammers, mallets, axes, and crowbars. The shovels held maximum market share of around 30% in 2018. Factors such as increasing popularity of home activities such as gardening and commercial and residential landscaping is primarily driving the demand for shovels across the globe. Furthermore, increasing construction activities are driving the adoption of hammers and axes in residential and commercial sectors.

Asia-pacific To Witness a Fastest Growth in the Market by Region

In 2018, North America led the global hitter based hand tools market by holding a market share of over 38% of the total revenue generated. Increasing dominance of DIY activities, growing production capabilities of local manufacturers, and rapid industrialization and product innovation are some of the factors attributed to the prominent market position in global industry. Asia-Pacific and European countries are likely to be growing at a significant CAGR during the forecast period as agriculture sector is prominent one in these regions.

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