Category: Press Release

Evolve Business Intelligence has published a half-cooked research report on the Global Security Robots Market, 2021–2030. The global Security Robots market is projected to exhibit a CAGR of around 8.72% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Security Robots Market: Elbit Systems Ltd., L3 Harris Technologies, Inc., DJI, Northrop Grumman Corporation, QinetiQ, Knightscope, Inc., AeroVironment, Inc., Leonardo SpA, ReconRobotics, Inc., and Lockheed Martin Corporation.

 

Market Highlights

The global Security Robots market is projected to be valued at $3.89 Billion by 2030, recording a CAGR of around 8.72% during the forecast period. Security robots are automated guards that are primarily in charge of surveillance and security tasks. They rely on modern technologies like AI, streaming video, and IoT to carry out their duties. All security robots come with HD cameras, electric motors, and modern high-capacity batteries – making them flexible and efficient. They can assist in reporting, monitoring intruders, detecting, and investigating. They are also efficient enough to help in patrolling surveillance areas. Security robots are becoming more popular because they’re more reliable, incorruptible, and cost-efficient than other security guards. They’re also used in many places such as malls, parking lots, and schools or campuses across the globe.

Due to the sharp increase in cases of coronavirus disease and the simultaneous rise in demand for security robots, there is a significant rise in their adoption. The pandemic has led to lockdown restrictions and social distancing. This can also be more attributed to a myriad of governing agencies imposing lockdowns on several countries.

Segmental Analysis

The global Security Robots market has been segmented based on the Type, Component, Application, and region.

Based on Type, the Security Robots market is segmented based on Unmanned Aerial Vehicles, Unmanned Ground Vehicles, and Unmanned Underwater Vehicles. The Unmanned Aerial Vehicles Segment is analyzed to hold the largest share of the Security Robots market. Most models such as drones are relatively low in cost and thus accessible to a wide range of users like commercial and recreational operators.

Based on Components, the Security Robots market is segmented based on Sensors, Controller Systems, Camera Systems, Navigation Systems, Power Systems, Propulsion Systems, and Others. The Camera Systems segment is expected to hold the largest market share. By using Cameras, businesses or the public can detect crimes that may have otherwise gone unnoticed. This allows them to prevent them in the first place and provides a safer environment for employees and citizens.

Based on Application, the Security Robots market is segmented based on Security Robots Industry, Spying, Explosive Detection, Firefighting, Demining, Rescue Operations, Transportation, Patrolling & Surveillance, and Others. The patrolling and surveillance segment holds the largest revenue share with its strongest growth in this area. It’s expected that spying will hold a larger share of business moving forward as well, due to growing demand from the defense sector.

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Regional Analysis

The Security Robots market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America dominates the global Security robot market due to the increasing number of active conflicts in the United States along with the rising number of terrorist attacks in schools and public places. The Asia Pacific is on track to grow at a rapid pace thanks to increased investment in strengthening military training and surveillance capabilities and governments acting more aggressively to counter infiltration, criminal activities, and terrorist threats. The Security Robots business in Europe has been consistently growing due to the investment of time and money to fit security measures, businesses are implementing enterprise security on a large scale within their facilities. With robots at their side along with other automated industrial robots powered by AI, they work tirelessly to mitigate any potential risks that might exist. The recent technological advancements in the Middle East and African countries have increased their demand for security robots. Escalating conflicts in Syria such as the War on Terror are adding to their need for assistance.

Evolve Business Intelligence has published a half-cooked research report on the Global Protein Supplement Market, 2021–2030. The global Protein Supplement market is projected to exhibit a CAGR of around 8.5% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Protein Supplement market: Glanbia Plc, AMCO Proteins, Quest Nutrition, NOW Foods, The Nature’s Bounty Co., MusclePharm Corp, Abbot, Cyto Sport, Inc., IOVATE Health Sciences International, Inc., and Transparent Labs.

 

Market Highlights

The global Protein Supplement market is projected to be valued at $42.81 Billion by 2030, recording a CAGR of around 8.5% during the forecast period. Protein supplements are a kind of nutritional and bodybuilding supplement that bodybuilders and sports athletes use to increase their diet and increase their protein consumption without significantly increasing the amount they consume in carbs or other kinds of accompanying nutrients. They work to offset nutrient deficiencies, provide energy, and prevent muscle loss while exercising. Supplements that are comprised of protein are popular because they contain higher amounts than other sources when consumed directly.

The COVID-19 pandemic has caused unprecedented outbreaks of infections which prompted consumers to take a more keen interest in their diet and overall health. This has fueled an increase in the protein supplement market which is benefitting from this newfound awareness. In addition, the Chinese CDC has issued nutritional guidelines which include a recommendation of 150-200 grams of protein per day (around 1.5-2.0g/kg body weight) for patients affected with COVID-19.

Segmental Analysis

The global Protein Supplement market has been segmented based on the Type, Form, Source, Distribution Channel, Application, and region.

By Type, the Protein Supplement market is segmented based on Casein, Whey Protein, Egg Protein, Soy Protein, and Others. The Whey Protein segment dominates the market. The growth of this segment can be due to the increasing penetration of e-commerce websites and online stores, which lets users buy their desired products through one application.

Based on Form, the Protein Supplement market is segmented based on Protein Powder, Ready Drink Liquid, and Protein Bars. The Protein Powder segment is anticipated to hold the largest market Product demand for protein powder from professional athletes, bodybuilders, and fitness enthusiasts are expected to grow over the last five years.

Based on Source, the Protein Supplement market is segmented based on Animal-Based and Plant-Based. The Animal-Based segment is anticipated to hold the largest market owing to several factors. The segment includes both meat and dairy proteins, which are considered complete proteins because they contain all of the essential amino acids

Based on Distribution Channel, the Protein Supplement market is segmented based on hypermarkets/supermarkets, Online, Chemist/ Drugstore, Nutrition stores, Health Food stores, Specialist Sports stores, and Others. The Online segment is anticipated to hold the largest market share. Online shopping has become a preferred method of shopping due to the wide selection and ease of use. Many online stores now have an accessible global presence, making them more successful than ever.

Based on Application, the Protein Supplement market is segmented based on Sports Nutrition and Functional Foods. The Sports Nutrition segment is anticipated to hold the largest market. The growing demand for sports nutritional supplements to help boost lean muscle growth, improve performance and increase weight loss is expected to contribute positively to the growth of the industry over the next several years.

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Regional Analysis

The Protein Supplement market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. The North American region is projected to dominate the global Protein Supplement market. Functional foods and sports nutrition are the major distribution channels of the North American food market, primarily due to the rising awareness of fitness among U.S., Canada, and Mexico consumers. The Asia-Pacific region is expected to grow at the highest CAGR over the forecast period. Demand for protein supplement options will be rising in the APAC region due to the trend in snacking options, especially given price point affordability. A good example is India, where people are eating on the go and don’t have time to cook a sack lunch. China is an emerging country that has seen a steady rise in demand for these products. With health awareness rising in Europe, the need for functional food is expected to grow significantly over the next few years. The presence of major manufacturers, such as Glanbia plc, Bulk Powders Co., Ultimate Nutrition, Inc., and PowerBar Europe GmbH in the region is expected to drive the demand for protein supplement products. The Middle East and Africa are regions with enormous potential for investment in the Protein Supplement Sector. The developing economies project a steady growth over the forecast period.

Evolve Business Intelligence has published a half-cooked research report on the Global Protective Clothing Market, 2021–2030. The global Protective Clothing market is projected to exhibit a CAGR of around 6% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Protective Clothing Market: E.I. du Pont de Nemours and Company, Lakeland Industries, Inc., 3M Company Workrite Uniform Company, Inc., W.L.Gore & Associates, Glen Raven, Ballyclare Limited, Koninklijke Ten Cate NV, Cetriko and Teijin Limited, Fibertex A/S, and Rongxin Industry Manufacture Limited.

 

Market Highlights

The global Protective Clothing market is projected to be valued at $17.6 Billion by 2030, recording a CAGR of around 6% during the forecast period. Protective clothing like gloves, masks, and covers protect from hazardous conditions that could be life-threatening. They are developed to shield the worker from any dangers of their working environment.  Whether on construction sites or in laboratories, workers need the necessary protective gear to keep them safe. These can be heat-resistant coats and aprons for bakeries, cold-resistant gloves for drivers, or mechanical protective wear for industries that are exposed to vibrations.

The coronavirus pandemic caused the government to impose a law where employees had to use protective clothing at work to reduce the risk of infection. All of the nurses and health workers who were working on the frontline to fight the pandemic were provided with a PPE kit. This caused a rise in demand for protective clothing. The demand for protective clothing has skyrocketed, but the supply has not kept up with the increased need. Many textile-making companies have used this opportunity to start investing in protective clothing products.

Segmental Analysis

The global Protective Clothing market has been segmented based on the Material Type, Application, End-Use Industry, and region.

By Material Type, the Protective Clothing market is segmented based on Aramid & Blends, Polyolefin & Blends, Polybenzimidazole, Cotton Fibers, Laminated Polyesters, and Others. The Aramid & Blends Segment is anticipated to account for the large market share. Aramids are often used in protective clothing because they have excellent mechanical properties and resistance to fire, heat, and sharp objects.

Based on Application, the Protective Clothing market is segmented based on Thermal, Mechanical, Chemical, Radiation, and Others. The Thermal segment is expected to hold the largest market share due to the increasing demand for durable, breathable flame-resistant clothing in many sectors. In addition to this, stringent fire safety regulations and guidelines for minimizing the risk of fire in industrial areas have contributed to the greater need for thermal protective clothing across the world.

Based on End-Use Industry the Protective Clothing market is segmented based on Oil & Gas, Construction & Manufacturing, Pharmaceuticals, Law Enforcement & Military, Firefighting, and Others. The Construction & Manufacturing segment is expected to hold the largest market share. Governments across the world have introduced safety regulations for the manufacturing industry to keep accidents and uncertainties to a minimum. Some of these regulations include using safety equipment during construction and operations.

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Regional Analysis

The Protective Clothing market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. The Asia-Pacific region is projected to dominate the global Protective Clothing market. China has been the top supplier of surgical masks, respirators, protective clothing, and medical goggles by a considerable margin. Industries, organizations, and governments are constantly striving to build a safe workplace for their workers. North America is expected to grow with the highest CAGR due to stringent government regulations regarding the safety of workers in hazardous work environments along with increased investments in the construction and renovation of infrastructure in this region. As a result of the abundance of existing infrastructure, Germany is the dominant producer of Protective Clothing in Europe. The booming German pharmaceutical industry also means more growth for the protective clothing market, since it is expected to be one of the leading places for research on pharmaceuticals. Latin America, the Middle East, and Africa are also expected to grow at a rapid pace in the forecast peri

Evolve Business Intelligence has published a half-cooked research report on the Global Power-To-Gas Market, 2021–2030. The global Power-To-Gas market is projected to exhibit a CAGR of around 10.2% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Power-To-Gas Market: ITM Power, McPhy Energy S.A., ThyssenKrupp AG, Electrochaea GmbH, Hydrogenics, TKI Gas, AEG Power Solutions, Solarplaza International BV, Alliander, and Energinet. DK.

 

Market Highlights

The global Power-To-Gas market is projected to be valued at $326.93 Billion by 2030, recording a CAGR of around 10.2% during the forecast period. Power-to-Gas technology converts electrical power into methane or hydrogen gas and is commonly used to produce a sustainable source of energy. The hydrogen that is produced in the power-to-gas industry is then used as a chemical in industries or as fuel. Power-to-gas systems allow for the storage of excess energy from renewable resources like wind and solar for use at a later point. They can be used for transportation, heating, and other industrial purposes. The power-to-gas industry is a progressive move in combining renewable resources with sources of power generation.

The Power-to-Gas market remained stable during the recent COVID-19 pandemic. The pandemic caused a series of lockdowns globally, which caused industrial and commercial facilities to shut down. This in turn resulted in surplus electricity – which benefited the power to gas plants. However, new projects were impacted by difficulties in sourcing equipment because of the lockdown.

Segmental Analysis

The global Power-To-Gas market has been segmented based on the Technology, Capacity, End-Use, and region.

By Technology, the Power-To-Gas market is segmented based on Electrolysis and Methanation. The Electrolysis Segment is anticipated to account for the large market share. This is because its dynamic operations allow for effective integration of voltage from fluctuating sources like wind and solar.

Based on Capacity, the Power-To-Gas market is segmented based on Less than 100 kW, 100–999kW, and 1000 kW & above. The 1000 kW & above segment is expected to hold the largest market share. 1000 kW & above capacity is preferable because of the growing popularity and implementation of projects that generate power to gas. Demand from utilities and industrial end-users is also on an upswing.

Based on End-Use, the Power-To-Gas market is segmented based on Commercial, Utilities, and Industrial. The Utility Industry segment is expected to hold the largest market share. The utility industry has been transitioning in recent years with large companies looking to efficiently produce clean hydrogen energy sources by integrating intermittent renewable power. In addition, it allows for flexible operations of the power system.

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Regional Analysis

The Power-To-Gas market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. The European region is projected to dominate the global Power-To-Gas market due to the increasing demand for power to gas technology in the region. Furthermore, power to gas technology is expected to play a crucial role in stabilizing the energy supply and offsetting fluctuating power generation from sources of renewable energy in the region. However, owing to the rise in the number of small and medium scale industries in the region, along with rapid urbanization in emerging economies such as India and China, Asia-Pacific is expected to outstrip all other areas by clocking the highest CAGR. Power-to-Gas business is all the rage in North America, with the number of projects on the rise and investment increasing steadily. In Ontario, power-to-gas projects have been developing for years. With the province’s plans to reduce carbon emissions by 40% by 2030, this opportunity is here to stay. Latin America, the Middle East, and Africa are also expected to grow at a rapid pace in the forecast period.

Evolve Business Intelligence has published a half-cooked research report on the Global Power Transformer Market, 2021–2030. The global Power Transformer market is projected to exhibit a CAGR of around 7.9% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Power Transformer market: ABB, SPX Transformer Solutions Inc., Calmes s.r.l, Kirloskar Electric Company, Hyosung, Bharat, Heavy Electricals Limited, Daihen Corporation, General Electric, Siemens, and Schneider Electric.

 

Market Highlights

The global Power Transformer market is projected to be valued at $50.8 Billion by 2030, recording a CAGR of around 7.9% during the forecast period. A Power Transformer is a static apparatus that works on two or more windings, which, through electromagnetic induction, transforms a system of alternating current and voltage into another system of current and voltage generally of different values, which operate at the same frequency for the transmission of electrical power.

COVID-19 was a significant pandemic that had an impact on the power demand for the Power transformers. It caused a downfall in power demand from both industry and commercial, which led to halts in upcoming projects and delays in the ongoing projects. The absence of a demand for power distribution equipment resulted in manufacturers being able to reduce production and many more negative results.

Segmental Analysis

The global Power Transformer market has been segmented based on the Installation, Cooling, Insulation, Rating, and region.

By Installation, the Power Transformer market is segmented based on Outdoor and Indoor. The Outdoor segment is estimated to expand at a significant CAGR, which will be a result of the increase in the development and installation of electric grids development across the globe.

Based on Cooling, the Power Transformer market is segmented based on Dry-type and Oil Immersed. The Oil Immersed segment is anticipated to hold the largest market. Oil Immersed power transformers are considered safer and more efficient for high voltage applications as the need for this type of equipment is growing.

Based on Insulation, the Power Transformer market is segmented based on Gas, Oil, Solid, and Air. The Air segment is anticipated to hold the largest market owing to several factors. Power transformers that harness air to increase the effectiveness of power transfer are becoming more popular due to their safe, practical, and flexible benefits.

Based on Rating, the Power Transformer market is segmented based on 100 To 500 MVA, 501 To 800 MVA, and > 800 MVA. The 100 To 500 MVA segment is anticipated to hold the largest market owing to the need of keeping commercial places like hotels, hospitals, and shopping malls clean and free of cross-contamination at all times.

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Regional Analysis

The Power Transformer market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Asia-Pacific is the global leader in power transformers, with a large number of countries requiring more electricity due to the significant increase in fossil fuel consumption. One of the largest expansions has been carried out in India and China, with much more infrastructure being needed due to demand. The North American market is forecast to expand significantly over the next few years due to factors such as a rapid increase in infrastructure and industrialization in the U.S. and Canada. Europe’s infrastructure is expected to replace the aging ones that were implemented during the past decades. This is anticipated to lead to an expansion of the market during the forecast period. Latin America and the Middle East and Africa also look promising and offer new opportunities to investors during the forecast period. This is due to a reliable network of investments in grid development in these regions.

Evolve Business Intelligence has published a half-cooked research report on the Global GIS in the Telecommunications Market, 2021–2030. The global GIS in the Telecommunications market is projected to exhibit a CAGR of around 12.2% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global GIS in the Telecommunications Market: Autodesk, Hexagon, Schneider Electric, Pitney Bowes, General Electric (SmallWorld), Caliper Corporation, Bentley System, Cadcorp, Trimble, and SuperMap Software.

 

Market Highlights

The global GIS in the Telecommunications market is projected to be valued at $4.6 Billion by 2030, recording a CAGR of around 12.2% during the forecast period. GIS technology has proven to be a huge boon for the modern era of telecommunications. It is commonly used to support wireless and fiber-optic networks and has been looked upon as one of the most reliable tools by companies around the world. GIS is creating more data for the telecom industry to provide better services and information about their customers. With advanced GIS, their network will be able to manage location-based resources, which will allow them to provide information that they need with a quick search. A geospatial system brings all these processes together allowing telecommunications businesses to create models of each phase, coordinate their construction, and maintain them.

The COVID-19 crisis has been a great challenge for Telecom companies and their huge potential to rise above the challenges is smaller. Nevertheless, telecoms seem to be undeterred by this challenge and could continue along their path of success. Netflix and YouTube have changed the production of their content to reduce bandwidth use during worldwide lockdowns. This could potentially increase the volume of investment and infrastructure for networks such as 5G, which could help generate more jobs. Many factors have been in play for some time now which have led to an industry-wide decline in ad revenue. However, Automated Intelligence as a way of making communications more personal and can help telecoms with various methods. AI can automate network management, eliminate traffic overload, avert critical cyber-attacks in advance and significantly improve customer satisfaction. In the next few years, with a growing demand for remote work and training, the telecommunications sector can expect to be in good shape. The rise of digital entertainment and production will help out as well. This will also allow companies in this sector to save on costs and expect higher revenue.

Segmental Analysis

The global GIS in the Telecommunications market has been segmented based on the Offerings, Deployment Type, End-Use, and region.

By Offerings, the GIS in the Telecommunications market is segmented based on Hardware, Software, Data, and Services. The Data Segment is anticipated to account for the large market share. An increased focus on geospatial data is leading to new advancements in telecom services such as voice recognition, predictive analytics, and machine learning.

Based on Deployment Type, the GIS in the Telecommunications market is segmented based on Cloud and On-Premises. The Cloud segment is expected to hold the largest market share. Cloud technologies enable easier data access from both web browsers and mobile phones which is quickly becoming a popular option for telecommunications companies.

Based on End-Use the GIS in the Telecommunications market is segmented based on SMEs and Large Enterprises. The Large Enterprises segment is expected to hold the largest market share. Large Enterprises usually adopt these systems due to their high requirements for improvement of network connections and installation processes.

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Regional Analysis

The GIS in the Telecommunications market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America is dominating the GIS in the telecom market due to the demand for 5G services. Telecom companies are investing heavily in rapid technological advancements and as a result, demand for GIS is increasing sharply. However, due to increased government investments in IT infrastructure in countries like India, China, Japan South Korea, Asia-Pacific is expected to outstrip all other areas by clocking the highest CAGR. The GIS in the Telecommunications business in Europe has been consistently growing. The increasing need for a faster network speed and growing tourism in the region is expected to drive the market. Latin America, the Middle East, and Africa are also expected to grow at a rapid pace in the forecast period. These developing regions are expected to grow traction due to an increase in IT investments over the forecast period.

Evolve Business Intelligence has published a half-cooked research report on the Global Embedded AI Market, 2021–2030. The global Embedded AI market is projected to exhibit a CAGR of around 9.6% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Embedded AI Market: Microsoft, Qualcomm, Intel, Google, NVIDIA, NXP, STMicroelectronics, Renesas, Maxim, Horizon, SenseTime, and Zhicun Technology.

 

Market Highlights

The global Embedded AI market is projected to be valued at $ 30.38 Billion by 2030, recording a CAGR of around 9.6% during the forecast period. The implementation of machine and deep learning in software at the device level is known as embedded artificial intelligence (AI). Based on the data collected and evaluated, the software can be configured to deliver both predictive and reactive intelligence. The processing of artificial intelligence tasks, data, and outcomes has shifted from the cloud to the device. This significant transition has resulted in embedded AI. Complex AI computations, such as creating search engine results, were formerly performed in a cloud data center. There is less reliance on the cloud for AI data processing owing to the installation of AI models on graphics processing units (GPUs), session border controllers (SBCs), and systems on chips (SoCs). Devices with embedded AI can run AI models at the device level and then utilize the results to accomplish a job or action. The cloud is still useful for data storage since data can be briefly kept on devices before being transmitted to a cloud server for safekeeping.

The pandemic had a significant influence on industries all around the world. The introduction of embedded computers was aided by the evident limits imposed by several governments. Companies are concentrating on modern technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things to conduct contactless operations following the pandemic (IoT). This element will also enhance demand for automation procedures, hastening the global deployment of embedded computers. Process automation enables firms to reduce and regulate labour expenses while also enhancing production process consistency.

Segmental Analysis

The global Embedded AI market has been segmented based on Type, Application, and region.

By Type, the Embedded AI market is segmented based on hardware and software. Hardware is expected to have the largest market share throughout the forecast period, while the software is expected to grow at a faster rate.

Based on Application, the Embedded AI market is segmented based on Smartphones, Wearable devices, Vehicle Electronics, Smart homes, Security Monitoring, Drone, robots, and Others. The Smart Phone application had the most market share. As smartphone makers become stronger in their support for AI technology, this technology will surely affect how people use smartphones and where they can be used in the future.

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Regional Analysis

The Embedded AI market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. The Embedded AI computing platforms market in North America is expected to dominate and hold a major proportion of the market. In North America, the United States and Canada are likely to lead the market for embedded AI computer platforms. One of the primary factors driving the growth of the Embedded AI computing platforms market in this area is the rising acceptance of artificial intelligence technology. The Asia Pacific region is to grow rapidly. Government initiatives, as well as standards and regulations, are increasing the demand for embedded AI computing systems, especially in growing economies such as China, India, Japan, and Malaysia. In the projection period, Latin America, the Middle East, and Africa are also expected to grow rapidly.

Evolve Business Intelligence has published a half-cooked research report on the Global Artificial Intelligence Services Market, 2021–2030. The global Artificial Intelligence Services market is projected to exhibit a CAGR of around 51.2% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Artificial Intelligence Services Market: Alphabet Inc. (Google LLC), Amazon Web Services Inc, Apple Inc, CognitiveScale Inc, Fair Isaac Corporation, International Business Management Corporation, Intel Corporation, Microsoft Corporation, salesforce inc, SAP.

 

Market Highlights

The global Artificial Intelligence Services market is projected to be valued at $43.29 Billion by 2030, recording a CAGR of around 51.2% during the forecast period. Artificial Intelligence Service is an artificial intelligence outsourcing company (AI). It enables individuals and companies to test a variety of paths for many reasons with little initial investment and risk. Most smart vendors, whether they are software companies, consultants, or professional service firms, offer or partner with firms that can deliver a comprehensive set of services to support a large-scale AI solution. This is because AI market service providers understand that simply offering AI software or AI toolkits to their clients is no longer sufficient.

Businesses have been going ahead with plans to digitize and automate portions of their operations as a result of COVID-19, not only to increase operational efficiencies but also to protect themselves from disruptions. Various firms experienced significant increases in customer pressure during the pandemic, while their workforce was cut. Due to lockdown restrictions, several contact centers were unable to meet demand or were forced to close, resulting in lengthy delays in customer support requests and a detrimental impact on the customer experience. As a result, conversational AI has ascended to the top of the technology enablers list.

Segmental Analysis

The global Artificial Intelligence Services market has been segmented based on the Technology, Vertical, and region.

By Technology, the Artificial Intelligence Services market is segmented based on Deep Learning, Machine Learning, and Natural Language Processing. Machine learning and deep learning technology are expected to have the largest market share throughout the forecast period, while natural language processing technology is expected to grow at a quicker rate. Natural language processing technology can recognize and understand user behavior, resulting in better customer service.

Based on Vertical, the Artificial Intelligence Services market is segmented based on Government, BFSI, Healthcare, Manufacturing, Retail, and Telecommunication. The BFSI industry is anticipated to dominate the market. Artificial Intelligence Services are rapidly being employed in the BFSI industry to boost operational efficiency and improve customer service. Artificial intelligence (AI) is at the forefront of all researchers and engineers.

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Regional Analysis

The Artificial Intelligence Services market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America is dominating the Artificial Intelligence Services market because of its early adoption of modern technologies. Its massive artificial intelligence service industry is fueled by advanced infrastructure, powerful network technologies, and strong technological capabilities. The fastest-growing region is predicted to be the Asia Pacific. China, Japan, and South Korea are the leading artificial intelligence innovators in the region. One of the main reasons for artificial intelligence’s rise and adoption in China and South Korea is their considerable investment in developing automation technologies for businesses. Latin America, the Middle East, and Africa are also expected to grow at a rapid pace in the forecast period. These developing regions are expected to grow traction due to an increase in BFSI investments over the forecast period.

Evolve Business Intelligence has published a half-cooked research report on the Global Audio Editor Market, 2021–2030. The global Audio Editor market is projected to exhibit a CAGR of around 10.23% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Audio Editor Market: Acon AS, Adobe Inc., Animoto Inc., Apple Inc., Autodesk Inc., CyberLink Corp., Avid Technology Inc., Microsoft Corp., Sony Corp., and Steinberg Media Technologies GmbH.

 

Market Highlights

The global Audio Editor market is projected to be valued at $6.33 Billion by 2030, recording a CAGR of around 10.23% during the forecast period. Audio editing software is a tool used to edit, record, or generate audio files. Producers and editors use this software to edit and rearrange audio regions or mix and delete audio sections. They can also record new components like bass lines or vocals for use in their music. The demand for editing software is rapidly increasing due to the increased consumption of high-quality audio. This has led to an increase in investments and support for the industry. Furthermore, the growing emphasis on entertainment companies to provide content that sounds better and is less noisy is also influencing the demand for audio editing software in the market.

The COVID-19 pandemic has had a positive impact on the Audio Editing software market. The growing demand for streaming platforms is mostly responsible for this impact. Streaming services and other social media platforms have seen a rise in demand that is directly related to the pandemic, and new consumption patterns are emerging for this reason. Audio editing software is expected to continue growing through the forecast period, as new technologies are developed in response.

Segmental Analysis

The global Audio Editor market has been segmented based on Type, Deployment Type, End-Use, and region.

By Type, the Audio Editor market is segmented based on Open-Source and Paid. The Open-Source Segment is anticipated to account for the large market share. The increased availability and ease of use of Open-source Audio editing software widely over the internet have resulted in the dominance of the segment.

Based on Deployment Type, the Audio Editor market is segmented based on Cloud and On-Premises. The Cloud segment is expected to hold the largest market share. The Cloud segment enables users to use the software at multiple locations at the same time with their content being updated regularly. This increases work efficiency and save time.

Based on End-Use, the Audio Editor market is segmented based on Broadcasters & Publishers, Musicians, YouTubers, Universities, and Independent Artists. The Broadcasters & Publishers segment is expected to hold the largest market share. The rise in the demand for high-quality audio in the entertainment industry is responsible for the growth of the segment in the market.

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Regional Analysis

The Audio Editor market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. The North American region is projected to dominate the global Audio Editor market due to the presence of major players in the region and the widespread effect of the Content Creation Industry. However, due to increased expenditure on R&D activities in developing countries and the increased adoption of Audio Editing software, Asia-Pacific is expected to outstrip all other areas by clocking the highest CAGR. The Audio Editor business in Europe has been consistently growing. An increase in the popularity of OTT platforms and Content generation websites is likely to boost the demand in the region. Latin America, the Middle East, and Africa are also expected to grow at a rapid pace in the forecast period. Increased penetration of the internet and smartphones in these developing regions is expected to boost the market growth.

Evolve Business Intelligence has published a half-cooked research report on the Global Secondary Ticket Market, 2021–2030. The global Secondary Ticket market is projected to exhibit a CAGR of around 7.87% during the forecast period of 2022 to 2030.

Evolve Business Intelligence has recognized the following companies as the key players in the global Secondary Ticket market: Coast To Coast Tickets LLC, CTS Eventim AG, and Co. KGaA, Ideabud Inc., Live Nation Entertainment Inc., SeatGeek Inc., Ticket City Inc., TickPick LLC, TiqIQ LLC, Viagogo AG, and Vivid Seats LLC.

 

Market Highlights

The global Secondary Ticket market is projected to be valued at $2.24 Billion by 2030, recording a CAGR of around 7.87% during the forecast period. Secondary tickets are the tickets that are resold for a variety of events, including concerts, theaters, and sporting games. When customers buy tickets from a primary seller, they are legitimate tickets (as they were produced by the event’s organizer) and the price is set by the event’s organizers themselves. A secondary market is where customers can buy tickets from brokers or other similar workers who cannot use them for whatever unforeseen circumstance. Secondary ticket prices are highly opinion-driven and fluctuate wildly. They do not have unchangeable values like primary tickets.

The Secondary Ticket market is facing a hurdle in the form of the new security standards set by the COVID-19 virus and the efforts to combat its spread. This outbreak has already forced many businesses to shut their doors and some are still struggling to recover their losses. The biggest casualties are online ticketing agencies as these companies are unable to comply with the new security standards needed to address the infection and many consumers are wary of using these outlets even if they’re proven to be virus-free.

Segmental Analysis

The global Secondary Ticket market has been segmented based on the type, application, and region.

By Type, the Secondary Ticket market is segmented based on Offline platforms and Online platforms. The Online Platform segment dominates the market. People are booking tickets on these platforms because of the added convenience it offers and additional benefits like discounts. In just a few years these platforms have grown significantly and are expected to continue doing so in the future with increased traction. For instance, ICC has launched its official Cricket World Cup 2019 resale ticket platform in an attempt to provide a safe and secure way to buy and sell tickets.

Based on Application, the Secondary Ticket market is segmented based on Sports Events, Concerts, Performing Arts, and Movies. The Sports Events segment is anticipated to hold the largest market share and is anticipated to expand at a considerable CAGR during the forecast period. Sports events are among the most attended events around the globe, which in turn drives their increased popularity. The number of people at each sporting event is large and events draw billions of attendees for major international events, capturing the attention of a noticeable number of crowds for national competitions as well.

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Regional Analysis

The Secondary Ticket market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. The North American region is projected to dominate the global Secondary Ticket market. The presence of key players of secondary tickets in the region and the growing number of several different events and participants in the region are key factors propelling the market in North America during the forecast period. However, due to a rapid improvement in technology and the growing popularity of new genres of entertainment in developing countries like China and Japan, Asia-Pacific is expected to outstrip all other areas by clocking the highest CAGR. The Secondary Ticket business in Europe has been consistently growing due to the rising passion for sporting events such as soccer. Increasing disposable incomes and changing lifestyles of consumers are key factors responsible for the growth of the Secondary Ticket Market in the Middle East, Africa, and Latin American region.