Global Bags Market Is Predicted to Propel Owing to Growing Fashion Industry: Ken Research

According to the report analysis, ‘Bags Market: Current Analysis and Forecast (2021-2027)’ states that today's world is continuously changing, and companies are forced to learn how to acclimate to the changing scenario rapidly and answer to those changes appropriately. Every change generates new opportunity for the businesses and the globalization trend, propelled by technology advancements and internet penetration. This is motivating the companies functioning in the market to use these new market opportunities by making information prevalent everywhere and simplifying the whole international business procedure. Bag/Luggage manufacturers offer a broad range of differentiated products, based on materials, functions and sizes, hence customer have the privilege of selecting the product as per their requirement and paying competence. Therefore, existence of wide range of products have generated competitiveness among the players functioning in the global bags market.

Based on product, the Global Bags Market is segmented into Backpacks, Handbags, Wallets & Purses, Duffle & Gym Bags, Sling & Crossbody Bags, Others. During 2020, Backpacks registered the market and is expected to maintain its dominance throughout the forecast period. Based on material type, the Global Bags Market is classified into Polyesters, Nylon, Leather, Cotton Canvas, Others. Based on the assumptions and data Polyesters bags are the most sold bags in the worldwide market. Based on End-users, the market is classified into 5 to 12 Years, 13 to 19 Years, 20 Years & Above. Segment 20 Years & Above is predicted to witness proficient growth owing to increasing tourism sector and growing work-related travels. Based on distribution channel, the global bags market is classified into Store-Based and Non-Store Based. Store based segment entailing of Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores is predicted to dominate the market during the analyzed duration.

In addition, the product is exhibiting the gradual market enlargement as individuals are progressively enticed by its stylish appeal, superiority of materials, and elegant designs. It is prominently utilized for enriching the looks of the users while also functioning as the useful storage unit. The thriving growth of the travel and tourism industry, leading to an increment in the requirement for the product, is probable to propel the product’s requirement. The bags market is greatly propelled by the customer preference toward transforming trends and fashion, specifically amongst the millennials. In order to cater the increasing requirement, precisely in the luxury bags segment, foremost players are trying to form the strategic enlargements and partnerships.

The bags market is propelled by the increasing fashion industry, with bags being considered a foremost fashion statement. Also, the growing social media influence on customers from Instagram and Twitter is accountable for the inclination of potential consumers toward the market. Since the majority of the worldwide young adult population is employed in these social media platforms, bag companies are targeting their product varieties at this age group. Therefore, it is predicted that during the coming years the market of bags will increase around the globe more actively over the near future.

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Global Bags Market

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Global Blockchain Market Research Report, Size, Share, Demand, Growth, Revenue, Future, and Competition: Ken Research

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According to the report analysis, ‘Global Blockchain Market 2020-2030 by Offering (Platform, Services), Type (Public, Private, Hybrid), Provider (Infrastructure, Middleware, Application), Industry Vertical, Application, Organization Size, and Region: Trend Forecast and Growth Opportunity’ states that global blockchain market is predicted to develop during the review years owing to proficient growth in demand for speedy transactions, increasing requirement to simplify the business procedures and generate the business transparency and immutability, and the effective growth in demand for blockchain technology in several to decrease the function cost.

Alphapointe Corporation, Amazon, Bit fury Group, Blockchain Global Limited, Block Cypher, Inc., BTL Group (Blockchain Tech Ltd.), Chain Inc., Digital Asset Holdings, Earth port, Factom Inc., Huawei Investment & Holding Co., Ltd., Hyperledger Consortium, IBM Corporation, Infosys, Microsoft Corp., Oracle Corporation, R3, Ripple Labs Inc., SAP SE, Tata Consultancy Services Ltd. and many more are the foremost companies which presently operating in the global blockchain market more actively for keep maintaining the governing position, obtaining the competitive edge, leading the highest market growth, ruling around the globe, registering the great value of market share and generating the highest percentage of revenue by spreading the awareness connected to the applications and advantages of blockchain, improving the qualitative and quantitative measures of such, implementing the policies of profit making and strategies of expansion, establishing the several research and development programs, increasing the features and benefits of blockchain, analysing the strategies and policies of government as well as similar entities and delivering the better customer satisfaction.

Global Blockchain Market Size

On the basis of type, the global blockchain market is classified into public blockchain, consortium or hybrid blockchain and private or permission blockchain. On the basis of applications, the global blockchain market is categorized into Smart Contracts, Payment & Wallet, Digital Identity, Documentation, Exchange, Compliance & Risk Management, Asset Tracking and Other Applications. On the basis of industry verticals, the global blockchain market is categorized into Banking and Financial Services, Government and Public Sector, Healthcare and Medical, Retail and E-commerce, Transportation and Logistics, Media and Entertainment, Telecommunication and IT, Fast Moving Consumer Goods (FMCG), Manufacturing, Cryptocurrency, Legal, Oil, Gas, and Mining, Energy & Utilities, Education and Other Industries.

Global Blockchain Market Growth Rate

The foremost driving aspects underwriting to the high growth rate of blockchain market include growing venture capital fundings and investment in blockchain technology; extensive usage of blockchain solutions in banking and cybersecurity; high implementation of blockchain solutions for payment, smart contracts, and digital identities; and growing government initiatives.

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North America is projected to account for the greatest market share in the Blockchain market. Early implementation of Blockchain and the existence of several vendors that deliver the security and Blockchain solutions are projected to drive market growth in the region. Businesses in this region are progressively implementing security and vulnerability management solution for allowing the data security, preventing cyber-attacks and commercial espionage, and confirming security and privacy of data to facilitate business continuity. Therefore, it is predicted that during the near years the market of blockchain will increase around the globe more actively over the forthcoming years.

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Covid-19 Impact Global Blockchain Market

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Asia Pacific Blockchain Market 2020-2030 by Offering (Platform, Services), Type (Public, Private, Hybrid), Provider (Infrastructure, Middleware, Application), Industry Vertical, Application, Organization Size, and Country: Trend Forecast and Growth Opportunity

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Global Automotive Catalytic Converter Market Is Predicted to Propel Owing to Improvement In Standard Of Living: Ken Research

The automotive catalytic converter is a system utilized in the exhaust system of vehicle to eradicate the unwanted harmful gases likewise carbon monoxide, nitrogen oxide, and hydrocarbons from it. There are several types of catalytic converters, likewise two-way oxidation, three-way oxidation-deduction converter, and diesel oxidation catalyst. Such devices control the emission by catalysing the toxic gases into less damaging gases by the redox reaction. They adapt the nitrogen oxide, hydrocarbons, and carbon monoxide into oxygen, nitrogen, carbon dioxide and water by the procedure of the chemical reaction through the oxidation and deduction.

According to the report analysis, ‘Automotive Catalytic Converter Market: Current Analysis and Forecast (2021-2027)’ states that the global requirement for automotive catalytic converters has grown progressively over the past few years owing to technical advances. The foremost growth of the market depends upon the worldwide automotive production and therefore the requirement for catalytic converters is on a verge to develop due to increasing demand of automotive. Further the increasing governments attention towards emission standards and stringent rules would play a foremost role for the requirement of more environmentally friendly catalytic converters. On March 2020, BASF launched new Tri-Metal Catalyst, allowing partial substitution of palladium with platinum in catalytic converters.

Based on type, the market is classified into two-way catalytic, three-way catalytic and others. The three-way catalytic are majorly used in vehicle emission control system around the world. The three-way catalytic is predicted to register the market over the forecasted duration. It has been utilized in emission control system across North America and other countries since 1981.

Some of the foremost players operating in the market comprise Faurecia SA, Magneti Marelli S.P.A Tofurky, Tenneco Inc., Eberspaecher GmbH Holding & Co., Benteler International AG, Calsonic Kansei Corporation etc. Several M&A's along with partnerships have been undertaken by these players to boost their existence in dissimilar regions.

Based on material type, the market is classified into platinum, palladium, and rhodium. Rhodium is a popular material for recycling vehicle catalytic converters because it is more operative at removing dangerous exhaust emissions by breaking down nitrogen oxides in exhaust gases and discharging harmless oxygen and nitrogen gases. The majority of the requirement for rhodium catalyst comes from the automobile industry, and this sector is estimated to remain foremost for a long time.

Based on vehicle type the market is classified into passenger car and commercial vehicle. Because of the greater number of sales and manufacturing of passenger automobiles across the world, the passenger car category has the biggest market share. The speedy growth in the number of passenger automobiles is owing to augmented urbanization, an upgrading in the standard of living, the construction of road infrastructure, and an increment in disposable money, specifically in countries such as India, China, Japan, and portions of Europe. Therefore, it is predicted that during the forthcoming years the market of automotive catalytic converter will increase around the globe more actively over the near future.

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Global Automotive Catalytic Converter Market

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Global Anti-Tank Missile System Market Research Report: Ken Research

Anti-tank missiles are developed to hit and abolish tanks and other armored military vehicles. These weapons differ in size, ranging from man-portable, tripod-mounted, and shoulder-launched weapons to the ground vehicle and aircraft-mounted weapons. These weapons allow the armed troops, ground-vehicles, and fighter aircraft to counter and defeat the small, medium-sized, and main battle tanks (MBTs), even at higher ranges.

According to the report analysis, ‘Global Anti-Tank Missile System Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)’ states that Denel Dynamics, China North Industries Corp., Rockwell International, Lockheed Martin, Raytheon, Rafael Advanced Systems, MBDA and many more are the key market players which presently operating in the global anti-tank missile system market more proficiently for ruling around the globe, leading the highest market growth, generating the highest percentage of revenue, obtaining the competitive edge, registering the great value of market share, and keep maintaining the governing position by improving the qualitative and quantitative measures of such, spreading the awareness connected to the applications and advantages of anti-tank missile system, implementing the policies of profit making and strategies of expansion, establishing the several research and development programs, increasing the benefits and features of anti-tank missile system, and delivering the better customer satisfaction.

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In addition, the market is commonly propelled by an alarming augment in the instances of armed violence, conflicts and terrorism around the world. The progressive requirement for military modernization to improve the national security is also propelling the market growth. With the advancement of next-generation weaponry systems, defense and governments organizations, particularly of underdeveloped nations, are speedily implementing the implementing the novel anti-tank missile systems to assist and advance the survivability of the fight troops. Not only has this, the several technological innovations, likewise advancement of missiles with the dual-mode seeker, are functioning as the other growth-inducing aspects.

Moreover, the aspects, comprising an entire augment in the defense expenditure around the world, along with the progressive research and development (R&D) activities to upgrade the prevailing weapon system, are predicted to develop the market further.

Surge in new generation anti-armor weapon system, augment in requirement for fire-and-forget attack capability, and growth in implementation lock-on after launch (LOAL) having high impact accuracy are the aspects that propel the global anti-tank missile system market. However, up-to-date armor technology such as active protection system and existence of electronic jammers limit the market growth. On the contrary, the effective growth in demand for shoulder Anti-tank missile systems in underdeveloped countries, demands for man portable air defense system in terrorist infested regions, and advancements in precision targeting to decrease the collateral damage present new pathways in the industry.

Not only has this, the global market is propelled by several factors such as the augmenting the military expenses in countless countries and augmenting the procurement of anti-tank missiles. Additionally, the introduction of long-range anti-tank missiles and R&D investments on the prevailing weapon systems propel the global market. Therefore, it is predicted that during the near years the market of anti-tank missile system will increase around the globe more actively over the near future.

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Global Anti-Tank Missile System Market

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Global Smart Composites Market Outlook: Ken Research

According to the report analysis, ‘Global Smart Composites Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)’ states that Smart Material, DowDuPont, Jiangxi Shunyi New Material Co., Ltd., 3M, Smart Material, Zhenjiang Smart Composites Co., Ltd., IACMI, JEC, Teijin, Dixie Chemical and many more are the foremost market players which presently operating in the global smart composites market more proficiently for keep maintaining the governing position, obtaining the competitive edge, leading the highest market growth, ruling around the globe, registering the great value of market share and generating the highest percentage of revenue by spreading the awareness connected to the applications and advantages of smart composites, implementing the policies of profit making and strategies of expansion, delivering the better customer satisfaction, decreasing the associated prices of such, increasing the benefits and features of smart composites, improving the qualitative and quantitative measures of such, and analysing the strategies and policies of government as well as similar entities.

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On the basis of types, the global smart composites market is classified into piezoceramic, shape memory alloys, magneto-restrictive materials, and electro-restrictive materials. On the basis of applications, the global smart composites market is categorized into robotics, construction, aerospace, clothing and several others. The smart composites market is increasing due to the growth in the requirement from wind energy, aerospace & defense, and automotive & transportation industries.  However, due to COVID-19, the sales of several industries has deducted, resulting in reduced requirement for the composites.

The proficient growth in demand for performance materials in several industries such as automotive & transportation, wind energy, and aerospace and defense is predicted to propel the market over the forecast duration. The ongoing COVID-19 outburst around the globe has progressively impacted the supply chains as foremost economies suspended the trade functions. Moreover, requirement for composites across several end-use industries such as aerospace, automotive, and construction has been decreased. However, with the ease of trade restrictions, the situation is projected to recover in present years, which will restore the growth trajectory of the market.

The market is competitive with a few key players controlling a majority of the market share. Their expertise in R&D makes it problematic for the new entrants to function profitably in the market. However, with the advancements of products in precise applications to improve the output of composites is predicted to develop the potential market opportunity. As a result, the industry rivalry is estimated to remain high over the review period.

Region wise, demand in North America is propelled by the speedy growth of aerospace and defense, and wind energy harnessing industries. In addition, the automobile manufacturing industries in the U.S. have showed a high penetration of composites for the production of critical automobile components and are probable to drive the requirement over the predicted time. Therefore, it is predicted that during the near future, the market of smart components will increase around the globe more actively over the near future.

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Global Smart Composites Market

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North America Blockchain Market Research Report, Size, Share, Demand, Growth, Revenue, Future, and Competition: Ken Research

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According to the report analysis, ‘North America Blockchain Market 2020-2030 by Offering (Platform, Services), Type (Public, Private, Hybrid), Provider (Infrastructure, Middleware, Application), Industry Vertical, Application, Organization Size, and Country: Trend Forecast and Growth Opportunity’ states that the North America Blockchain market is estimated to develop during the foreseen duration owing the growing requirement for speedy transactions, massive growth in demand to simplify the business processes and generate the business transparency and immutability, and the increasing desires for blockchain technology in several industries to decrease the functional expenditure.

Alphapointe Corporation, Amazon, Bit fury Group, Blockchain North America Limited, Block Cypher, Inc., BTL Group (Blockchain Tech Ltd.), Chain Inc., Digital Asset Holdings, Earth port, Factom Inc., Huawei Investment & Holding Co., Ltd., Hyperledger Consortium, IBM Corporation, Infosys, Microsoft Corp., Oracle Corporation, R3, Ripple Labs Inc., SAP SE Tata Consultancy Services Ltd. amongst others are the chief market players in the North America blockchain market more actively for keep maintaining the governing position, obtaining the competitive edge, registering the great value of market share, generating the highest percentage of revenue and leading the highest market growth by improving the qualitative and quantitative measures of such, implementing the policies of profit making and strategies of expansion, delivering the better customer satisfaction, decreasing the associated prices of such, spreading the awareness connected to the applications and advantages of blockchain, increasing the features and benefits of blockchain, analyzing the strategies and policies of government as well as similar entities and establishing the several research and development programs.

North America Blockchain Market Size

On the basis of type, the North America Blockchain market is categorized into Private or Permission Blockchain, Public Blockchain and Consortium or Hybrid Blockchain. On the basis of provider, the North America Blockchain market is classified into infrastructure and protocol providers (Communication Solution, Cloud Storage Solution, Processing Solution and Security Protocol Solution), middleware providers (Blockchain API, Encryption Solution and Other Software Glue), and application and solution providers (Financial Application and Non-financial Application). On the basis of application, the North America Blockchain market is classified into exchange, payment & wallets, Smart Contracts, Asset Tracking, Digital Identify, Documentation, Compliance & Risk Management and Other application.

North America Blockchain Market Growth Rate

In addition, the major propelling factors contributing to the high growth rate of blockchain market include growing venture capital funding and investment in blockchain technology; extensive usage of blockchain solutions in banking and cybersecurity; excrement adoption of blockchain solutions for payment, smart contracts, and digital individualizes; and augmenting the government initiatives.

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North America Blockchain Market Share

Not only has this, the North America is account for the highest market share in the Blockchain market. Primary adoption of Blockchain and the occurrence of several vendors that deliver the security and Blockchain solutions are anticipated to drive market growth in the region. Businesses in this region are gradually implementing security and susceptibility management solution for enabling data security, stopping cyber-attacks and commercial espionage, and ensuring security and privacy of data to simplify business continuity.

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North America Blockchain Market Analysis 2020 to 2030

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Asia Pacific Blockchain Market 2020-2030 by Offering (Platform, Services), Type (Public, Private, Hybrid), Provider (Infrastructure, Middleware, Application), Industry Vertical, Application, Organization Size, and Country: Trend Forecast and Growth Opportunity

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Global Benzylideneacetone (CAS 122-57-6) Market – Sales and Forecast to 2027

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Benzylideneacetone, also well-known as benzalacetone, methyl styryl ketone or benzylidene acetone, is the organic compound defined by the formula C6H5CH=CHCCH3. It is utilized as a flavouring ingredient in food and perfumes. Benzylideneacetone is also utilized as a chemical intermediate in the production of dyes and pharmaceuticals. 

According to the report analysis, ‘Global Benzylideneacetone (CAS 122-57-6) Market, 2021-2027’ states that Nanchang Xinggan Sci-tech Industrial Co., Ltd., Prasol Chemicals Pvt. Ltd., Raschig GmbH, Rhythm Chemicals Pvt. Ltd., Yingcheng Wuhan Organic Material Co., Ltd., among others are the foremost entities which presently operating in the global benzylideneacetone (CAS 122-57-6) market more proficiently for leading the highest market growth, registering the great value of market share, generating the highest percentage of revenue, obtaining the competitive edge, and keep maintaining the governing position by spreading the awareness connected to the applications and advantages of benzylideneacetone, decreasing the associated prices of such, increasing the benefits and features of benzylideneacetone, improving the qualitative and quantitative measures of such, establishing the several research and development programs, analysing the strategies and policies of government as well as similar entities and delivering the better customer satisfaction.

In addition, the ‘Global benzylideneacetone (CAS 122-57-6) Market’ report conveys a holistic evaluation of the market for the forecast period (2021–2027). The report entails of several segments as well an analysis of the trends and aspects that are playing a substantial role in the market. These aspects; the market dynamics, comprises the drivers, restraints, opportunities and challenges through which the impact of such factors in the market are outlined. The drivers and restraints are intrinsic aspects whereas opportunities and challenges are extrinsic aspects of the market. The Global benzylideneacetone (CAS 122-57-6) Market study conveys an outlook on the development of market in terms of revenue throughout the prognosis duration.

On the basis of application, the global benzylideneacetone (CAS 122-57-6) market is classified into fragrances, electroplating, pharmaceuticals and dyes. The pharmaceuticals segment is predicted to dominates the benzylideneacetone market. The drugs produced by from the benzylideneacetone by the pharmaceutical companies play an important role in advancing the health, preventing health complications, and growing the lifespan of individuals. Although the pharmaceutical industry is capital intensive and greatly regulated, the benzylideneacetone industry is observing high demand for innovations that are projected to decrease the life-threatening conditions and syndromes.

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Although, this report conveys an all-inclusive environment of the analysis for the Global benzylideneacetone (CAS 122-57-6) Market. The market projects provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market projects have been considered by studying the impact of several social, political and economic factors along with the current market dynamics affecting the Global benzylideneacetone (CAS 122-57-6) Market growth.

It is predicted that the North America dominates the global benzylideneacetone market, followed by Europe. This is due to the augmenting demand from the pharmaceutical industry. Asia Pacific is projected to witness progressive growth in the forthcoming future. This is attributed to the growth in demand for benzylideneacetone in pharmaceutical industry during the review period. The benzylideneacetone market in Asia Pacific is estimated to expand throughout the forecast period due to the increasing requirement from the end-user industries such as electroplating.

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Global Benzylideneacetone (CAS 122-57-6) Market Growth Rate, 2021-2027

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Global Stevia Market Is Predicted to Propel Owing to Increasing Number of Product Launches: Ken Research

Stevia is a naturally sweet-tasting plant instinctive to Paraguay and Brazil but is also full-grown in Japan and China. This plant is utilized as a non-nutritive sweetener and herbal supplement which entails little or no calories. It is a healthful alternative to added sugar in several meals and beverages.

According to the report analysis, ‘Stevia Market: Current Analysis and Forecast (2021-2027)’ states that the number of individuals overweight or obese has reached epidemic proportions propelling the increasing rates of non-communicable diseases, comprising at least ten cancers. Excessive sugar consumption is one aspect promoting overweight and obesity due to the broad availability of sugar. Over the last decade, global sugar consumption has grown from approximately 130 to 178 million tonnes. Therefore, there is an increment in the number of individuals inclining towards natural sugar substitutes as they are sweeter than sugar and have fewer calories which in turn is influencing the growth of the stevia market.

An unhealthy lifestyle has become a foremost part of life as people’s lifestyles have transformed as a result of advances in technology and augmented disposable income. The increasing public awareness of healthier food alternatives, specifically among obese and diabetic individuals, has propelled the worldwide Stevia Market’s growth. Moreover, it is a zero-calorie sweetener and does not have any damaging effects on the human body which bring in favourable growth illustrations for the Stevia Market during the predicted period.

Furthermore, the aspects such as government schemes, and increasing innovations taking place in the applications are estimated to aid the market growth. However, the price volatility of the stevia leaf is a foremost impediment to the growth of the stevia industry. Not only has this, Stevia leaf availability is affected by seasonal vacillations and crop yield. The deduction in stevia cultivation is estimated to have an impact on the growing requirement for stevia, resulting in a supply shortage and higher prices throughout the forecast duration.

In addition, the proficient growth in availability of stevia across the globe is also propelling the stevia market. Stevia based products are progressively available in modern retail outlets thus promoting the stevia market. The foremost augment in consciousness among individuals about assistances of low-calorie sweetener is also stoking requirement for stevia.

Nevertheless, R&D initiatives for new variants of stevia, new applications of stevia for zero-calorie products, and to improve the flavor of products are probable to aid the growth of stevia market during the future. The proficient growth in use of stevia in the pharmaceutical industry is also serving to boost the stevia market.  Moreover, motivating government initiatives and increasing customer awareness is auguring positive signs for the growth of worldwide stevia market.

Besides, the growing number of product launches and modernizations in the food and beverage industry, combined with the requirement to serve the demand for sugar alternatives from consumers suffering from diabetes and obesity, are the foremost factors accredited to the market’s growth opportunity. Therefore, it is predicted that during the review duration the market of stevia will increase around the globe more actively over the near future.

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Global Stevia Market

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Global Recreational Cannabis Market Research Report: Ken Research

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Cannabis or marijuana is the most widely used mind-altering drug. Recreational marijuana-based use can be contrasted with the medicinal marijuana consisting of a prescribed use of cannabis for controlling health of any individual based on symptoms of some of the medical conditions. The marijuana is used for pain relief from various conditions such as cancer, AIDS, seizures and other diseases. The rise in use medical marijuana globally owing to some of its characteristics of recreational marijuana consists of infrequent use, small amount use, non-compulsory use, low investment, and others.

Referring to the study, Global Recreational Cannabis Market: Segmented By Product Type (Flowers, Buds, and Concentrates): By Compound (THC-dominant, CBD-dominant, and Balanced THC & CBD): By Application (Chronic Pain, Mental Disorders, Cancer, Others), and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030. Some of the key companies operating in the global recreational cannabis market include Canopy Growth Corporation, The Cronos Group, Maricann Group, Inc., Organigram Holding, Inc., Aurora Cannabis, Tilray, ABcann Medicinals, Inc., Aphria, Inc., Lexaria Corp and among others. Several startups are venturing into the research, development & manufacture of cannabis. The rise in number of applications associated to medical use of marijuana is expected to increase, leading to opening up of new revenue for the cannabis market globally.

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Based on product types, recreational cannabis market can be segmented as buds, flowers and concentrates. Flowers segment dominates the global market owing to low price and easy accessibility of flowers compared to other products. Based on compound, market can be segmented as CBD dominant, THC dominant and balanced THC & CBD. THC dominant segment holds major share in global market caused by increase in medical benefits, which are considered to be very effective in relieving nausea, insomnia and appetite loss. In addition, based on application, market can be segmented as mental disorders, chronic pain, cancer and others. Chronic pain segment is expected to exhibit higher growth rate due to increase in awareness and social acceptance of the non-medicinal use of cannabis because of its legalization during the forecast period.

Rise in trend towards using marijuana as an alcohol substitute, followed by growth in user numbers after legalization are some major factors, which are responsible for growth of the recreational cannabis market. Apart from this, low cost of recreational cannabis may impact the market.

Based on regional analysis, the North-America is a leading region in global recreational cannabis market owing to presence of key marijuana cultivators & manufacturers, increase in retail sales and geographical expansion of retail stores and surge in government regulations along with legalization of marijuana for medical as well as recreational use across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to increase in awareness among consumers regarding health benefits of recreational cannabis and its growing medical application over the forecast period. It is estimated that future of the global recreational cannabis market will be bright as a result of legalization of non-medical cannabis and increase in sale for recreational cannabis during the forecast period.

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Future of Global Computer Repair Shop Software Market: Ken Research

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Computer Repair Shop software is designed to simplify the work of computer repair shops by allowing the technicians or the workers to track & manage the repairing jobs. The software consists of a tool to handle businesses for any repairs and also keeping track of the inventory items & allowing to record as per the history of repairs and then perform searches based on customer, serial number, warranty, and a variety of other criteria. It also generates the sales reports and displays the real-time status of pending repairs, rescheduled repairs, any urgent repairs, or the canceled repair orders and analyzing the parts inventory management. The software also increases the efficiency of computer repair centers by being able to quickly & easily manage and track your repairs, handle daily workflows efficiently and provide customers with the best service experience. The rise in the adoption rate of digital technologies, the global market is expected to increase due to the increase of internet and smartphone users.

Referring to the study, Computer Repair Shop Software Market: Segmented By Type (Monthly Subscription, and Annual Subscription); By End Use (Mobile Device, IoT, Tablets, White Goods and Networking) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030. Some of the key companies that are presently operating in the global computer repair shop software market include MyGadgetRepairs, Repair Desk, ServiceCentral Technologies, Repair Shop, Cashier Live, bSoftware Solutions, CellStore Software, OpenRMA, Repair Spots, GrenSoft and among others.

Based on type, computer repair shop software market can be segmented as annual subscription and monthly subscription. In addition, based on end-use, market can be segmented as tablets, IoT, mobile device, white goods and networking. Mobile devices segment is predicted to exhibit considerable growth rate due to these devices are portable and save the technicians time & effort of having to trail back and forth between their computer and work location during the forecast period.

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Growth in adoption rate of digital technologies, followed by increase in research & development (R&D) activities are some major factors, which are responsible for growth of the computer repair shop software market. Apart from this, lack of proper infrastructure to support the system among end-users and low awareness regarding the computer repair shop software may impact the market.

Based on regional analysis, the North-America is a leading region in global computer repair shop software market owing to growth in availability of technical expertise and surge in adoption of technologies across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to rise in disposable income and presence of the fastest growing economies of the world including India and China where the software & IT industry is experiencing phenomenal growth over the forecast period. It is projected that future of the global computer repair shop software market will be bright on account of growth in spending on advanced technology coupled with emerging trend of digitalization during the forecast period.

For More Information on the Research Report, refer to below links: -

Global Computer Repair Shop Software Market Analysis

Related Report: -

Global Computer Repair Shop Software Market 2019 by Company, Regions, Type and Application, Forecast to 2024

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