About 20 Global Players Dominate North America Healthcare E-Commerce Market Holding Over 50% of Revenue in 2021 Says Report: Ken Research

 

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Few Diverse Global Players Dominate the Market Holding ~60% of Revenue Share Despite Presence of about ~350 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on North America Healthcare E-Commerce Market by Ken Research

Global Players that Constitute Just 10% of Total Number of Competitors Hold Largest Revenue Share of 50% While Country-Niche Companies Also Have a Strong Presence

A comprehensive competitive analysis conducted during the Research Study found that the North America Healthcare E-Commerce Industry is highly competitive with ~ 250 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in healthcare e-commerce. The large global players comprise about 10% in terms of the number of companies and hold ~50% of the market revenue share followed by regional players. Most of the country-niche players are operating their e-commerce healthcare business offering selected specialty solution and some of these who successfully evolve to create new services for healthcare e-commerce often get acquired by large global players seeking to grow and diversify quickly.

Leading Key Players' Ongoing Efforts To Provide Healthcare Products Efficiently by adopting new Technologies Are Driving Their Revenue Growth From This Market

Detailed comparative analysis of key competitors available within the Research Study shows that key players such as Amazon.com, Inc., Walmart Inc., CVS Health, The Kroger Co., Walgreens Boots Alliance, Inc., and others are highly focused on providing a significant number of healthcare products through a different type of pharmacies such as online pharmacy, mail pharmacy, and others and are adopting advanced technology to make the supply chain for healthcare products more efficient. Furthermore, several companies are aggressively investing in new technologies and are partnering with other players to enhance their technologies to streamline the supply of healthcare products or services.

• In February 2022, Deutsche Post AG planned to invest USD 400 million into its operational site including Memphis, Tennessee. The aim is to grow its pharmaceutical and medical device network in the U.S. and the company has planned to add nearly three million square feet of logistic space across the network to smoothen the trade between partners and patients.
• In September 2020, Walmart Inc. partnered with Zipline to adopt drone delivery services. The company aimed to deliver products including health and wellness to the customers efficiently and in less time.
• In July 2020, Siemens Healthineers AG and DHL Supply Chain joined forces with a service logistic agreement. The partnership aims to deploy digital and robotics technology to deliver quality and cost-improved services within the supply chain of Siemens Healthineers AG.

The Ongoing COVID Pandemic Led to the Supply Chain Digitalization of the Healthcare Sector

The COVID-19 pandemic has significantly changed the purchasing patterns of healthcare products among hospitals, clinics, patients, and others. The e-commerce platform has gained prominence, especially during the COVID-19 pandemic as the demand for drugs and medical devices increased with the increasing prevalence of various diseases like chronic diseases, and others. The COVID-19 pandemic disrupted the traditional supply chain of the healthcare industry and led to the transformation of the supply chain through digitalization. Digitalization of the supply chain was needed to improve the healthcare experience of patients and to provide healthcare products to the end-users efficiently.

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The growing demand for healthcare products among end-users has enabled the players to invest in digital features to smooth the process of purchasing medical products and to provide the best possible e-commerce solutions to consumers.

• In February 2022, CVS Health planned to spend up to US$ 3 Billion on digital features to enhance and improve the consumer experience on their pharmacy site.
• The Kroger Co. received emergency use authorization from FDA for its COVID-19 Test Home Collection Kit in July 2020 and the company provided the diagnostic kit through their e-commerce website across the U.S. during COVID-19.
• In December 2021, the U.S. Centers for Medicare & Medicaid Services (CMS) issued guidance to clarify the definition of Medicare Part D pharmacy dispensing fees for the support of Medicare beneficiaries who require a comprehensive level of pharmacy care at home.

As per the analysis, the initiatives taken by the key players such as investment, offering testing solutions through e-commerce networks, and others during COVID-19 have fueled the growth of the market. Moreover, the demand for e-commerce services increased in healthcare as the pandemic forced consumers to rely on product reviews and ratings, which resulted in a boost of confidence in the consumers to make purchases of healthcare products online.

The growing need for Easy Access to Medical Consultations among End-Users Led to Major Industry-Wide Developments, Acquisitions, Partnerships, and Expansion.

• In December 2021, CVS Health partnered with Microsoft to use its technologies, including artificial intelligence and cloud computing, to accelerate its “digital-first” strategy. This partnership aimed to expand the company’s reach and engagement with more online customers, and in launching new customer-centric services and offerings.
• In May 2021, United Parcel Service of America, Inc. expanded its specialty pharmaceutical offering by starting new UPS Cold Chain Solutions. It is built to provide laboratories, healthcare providers, and pharmaceutical companies with a full, end-to-end cold chain service to meet their complex demands for delivering critical products worldwide.
• In April 2021, CarePort, a market leader in care transitions and ExactCare, a national healthcare services company and pharmacy provider, announced partnership to support hospitals and health systems fulfill complex needs of high-risk patients at their homes.

Key Topics Covered in the Report: -

• Snapshot of North America Healthcare E-Commerce Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of North America Healthcare E-Commerce Market
• Historic Growth of Overall North America Healthcare E-Commerce Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of North America Healthcare E-Commerce Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall North America Healthcare E-Commerce Market
• Future Market Forecast and Growth Rates of the Total North America Healthcare E-Commerce Market and by Segments
• Market Size of Application / End-Users Segments with Historical CAGR and Future Forecasts
• Analysis of Healthcare E-Commerce Market in Major North America Countries
• Major Production / Consumption Hubs in the Major North America Countries
• Major Production/Supply and Consumption/Demand Hubs in Each Major Country
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Country

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Major Companies Profiled in the Report: -

• CVS Health
• The Kroger Co.
• Walgreens Boots Alliance, Inc.
• General Electric
• eBay Inc.
• Walmart Inc.
• com, Inc.
• Alibaba Group Holding Limited
• Siemens Healthineers AG
• ExactCare
• Remedi SeniorCare

Notable Emerging Companies Mentioned in the Report

• Option Care Health, Inc.
• ModivCare Solutions
• International SOS
• Remdi SeniorCare
• Exactcare Pharmacy
• WellSky
• FSA Store

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022-2027F

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• Healthcare E-Commerce Service Companies
• Healthcare E-Commerce Association
• Potential Investors in Healthcare E-Commerce Companies
• Online Pharmacy Service Providers
• Healthcare Products Providers
• Healthcare Service Providers
• Healthcare Solutions Providers
• Healthcare Database Providers
• Patients Database Providers
• Healthcare Companies
• Ministries of Healthcare
• Healthcare E-commerce Companies
• Healthcare Research Organizations
• E-commerce Health Service Providers
• Potential Investors in E-commerce Sector

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

North America Healthcare E-Commerce Industry Forecast

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3 Key Insights on Competitive Landscape in Global Chipless RFID Market: Ken Research

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Global Players Dominate the Market Holding the Majority Revenue Share Despite Presence of ~200 Competitors Comprising a Large Number of Country-Niche Players, finds a recent market study on Global Chipless Radio Frequency Identification Market by Ken Research

A Chipless RFID is a form of RFID tag that transmits data using radiofrequency (RF) radiation. A Chipless RFID tag does not contain an application-specific integrated circuit (ASIC), hence the reader performs all signal processing to read the tag. It uses conductive polymers or plastic as an alternative to integrated circuits made from silicon.

Chipless Radio Frequency Identification (RFID) is used for access controls, automatic identifications, security and surveillance, tracking, database management, logistics, and inventory control in various industries like retail, healthcare, logistics, and transport among others.

Ken Research shares 3 key insights on the competitive landscape of this US$ 6 Bn market from its latest research study.

1. Major Global Players that constitute about 10% of the Total Number of Competitors Hold the Largest Revenue Share While Regional Players also have a Strong Presence

A comprehensive competitive analysis conducted during the Research Study found that the Global Chipless Radio Frequency Identification Market is highly competitive with ~200 players which include globally diversified players, regional players as well as country-niche players having their niche in Chipless RFID for various end-user industries. Most of the country-niche players are local manufacturers of low-frequency chipless RFID manufactures and component manufacturers.

Zebra Technologies Corporation, Avery Dennison Corporation, and Alien Technology are among the leading players in the Global Chipless Radio Frequency Identification Market.

The large global players comprise about ~10% in terms of the number of companies and hold the major revenue share while the country niche players account for ~60% of the total number of companies.

2. Leading Global Players Focus on Extensive R&D and Product Development to Cater to a Wider End-user Audience

Detailed comparative analysis of key competitors available within the Research Study shows that global players such as Zebra Technologies Corporation, Honeywell International Inc, and Avery Dennison Corporation highly focus on advancing their existing RFID technology to inculcate high efficiency and robustness in their products that can be used in multiple end-user industries like retail, logistic and transport, healthcare, BFSI among others. Several other global companies and organizations are aggressively investing in expanding their presence further in the global space due to the highly fragmented market scenario.

• In June 2020, Zebra Technologies Corporation, a provider of innovative digital solutions, hardware, and software, collaborated with South Carolina State University to offer enterprise-class insights into the supply chain for the local, small farmer. The Zebra RAIN RFID technology is integrated into each step of the supply chain, helping farmers and their distributors track key food safety metrics.
• In December 2020, Avery Dennison, a designer, and manufacturer of a wide variety of labeling and functional materials collaborated with Schreiner MediPharm and PragmatIC Semiconductor, to leverage NFC technology to extend smart packaging to the unit level for everyday pharma to significantly improve patient safety and experiences. Such developments accelerate the deployment of RFID-based digital solutions in the healthcare sector.

3. Despite the Disruption in Supply Chain during the COVID Pandemic, the RFID Manufacturers are Increasing Their Production Capacity as a Sustainable Strategic Initiative.

The outbreak of the COVID-19 virus led to disruption in supply chain operations and logistics-related services. The fall in demand for expensive retail products worldwide due to lockdown measures, falling global demand for automobiles, and closed manufacturing facilities across several sectors created an adverse impact on the Global Radio Frequency Identification Industry. However, this also offered an opportunity to the RFID players for promoting the use of RFID solutions for industrial automation. Manufacturing companies seek RFID technology to increase their productivity to comply with social distancing norms. Many companies in the retail and healthcare sector deployed RFID solutions to continuously monitor the assets to reduce delivery time and increase productivity. Thus, the adoption of RFID technology gained momentum after 2021.

As per a report published in April 2021, The Institute of Electrical and Electronics Engineers (IEEE) estimated that more than 50 billion objects would be networked/tagged in the pharmaceutical, manufacturing, and logistics industries for the supply chain.

In February 2020, Avery Dennison opened up a new manufacturing facility in Brazil. This new factory helped to fulfill the market’s requirement for RFID inlays for projects in different verticals with the company's advanced technology.

Governments Initiative to Promote the Adoption of Chipless RFID Technology in Major Sectors

• The Ministry of Health in Italy has mandated tracking of medicine unit from its production stage to the end pharmacy desk using RFID technology
• Turkey’s Ministry of Transport and Infrastructure has insisted on implementing some of the most advanced technologies in tolling that includes passive ultrahigh-frequency RFID technology to support the growth of the road network in Turkey. Over 600 high-performance ultra-high frequency RFID readers have been deployed in Turkey in 2021.

Key Topics Covered in the Report: -

• Snapshot of Global Chipless Radio Frequency Identification Market
• Industry Value Chain and Ecosystem Analysis of Chipless Radio Frequency Identification Market
• Market size and Segmentation of Global Chipless Radio Frequency Identification Market
• Historic Growth of Overall Global Chipless Radio Frequency Identification Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Chipless Radio Frequency Identification Industry
• Overview, Product Offerings of Key Competitors
• Covid-19 Impact on Overall Global Chipless Radio Frequency Identification Market
• Future Market Forecast and Growth Rates of Total Global Chipless Radio Frequency Identification Market and By Segments
• Market Size of Application/End User Segments with Historical CAGR and Future Forecasts
• Analysis of Chipless Radio Frequency Identification Market in Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Major Regions
• Major Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Regions.

Major Companies Profiled in the Report

• Alien Technology
• Applied Wireless, Inc.,
• Avery Dennison Corporation,
• Checkpoint Systems, Inc.,
• Honeywell International Inc
• iDTRONIC GmbH
• Impinj Inc.
• Invengo Technology Pte. Ltd.
• Zebra Technologies Corporation
• NXP Semiconductors N.V.
• Ensurge Micropower ASA
• SATO Holdings Corporation

Notable Emerging Companies Mentioned in the Report

• Infotek Software & Systems (P) Ltd.
• Omni-ID
• Nedap N.V.
• Datalogic S.p.A.

 Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Chipless Radio Frequency Identification Manufacturers
• Healthcare Chipless Radio Frequency Identification Suppliers
• Government and Policy Makers
• Regulatory Authorities in Chipless Radio Frequency Identification
• Chipless RFID Raw Material Suppliers
• Consulting Companies in the Chipless Radio Frequency Identification Market
• Automotive Industry Chipless Radio Frequency Identification Suppliers
• BFSI Industry Chipless Radio Frequency Identification Suppliers
• Retail Industry Chipless Radio Frequency Identification Suppliers
• Logistic & Transport Industry Chipless Radio Frequency Identification Suppliers
• Investors
• Research Institutes
• Technology Investors
• Private Equity Firms, and venture capitalists
• Transport & Logistic RFID manufacturers
• Plastic Material Suppliers
• ETC Solution Providers
• Supermarkets and Hypermarkets

Time Period Captured in the Report

• Historical Period: 2017H-2021H
• Forecast Period: 2022E-2028F

For More Information on The Research Report, Refer to Below Link: -

Global Chipless RFID Market Analysis

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Ankur Gupta, Head Marketing & Communications
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3 Key Insights on Competitive Landscape in Global Hand Dryers Market: Ken Research

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 Global Hand Dryers Market is Highly Competitive with the Presence of about ~250 Competitors Comprising a Large Number of Country-Niche Players, Regional Players, and Global Players, finds a recent market study by Ken Research

Hand dryers are electric equipment/machines used to dry hands after washing them. They usually have a heating element and an air blower through which the hand dryer is activated when the hand moves into its trail- “Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study”

Country Niche Players Constitute ~70% of Total Number of Competitors While Regional Companies Represent 20% of the Total Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the Global Hand Dryers market is highly competitive with ~250 players, including globally diversified players, regional players, and a large number of country-niche players with their niche technologies, such as airblade technology, high-efficiency particulate air (HEPA) filters, UV light sterilization, and motion sensors. Furthermore, the explosive growth of the hospitality industry with the increasing number of restaurants, and hotels, combined with the recovery of international travel levels is creating lucrative investment opportunities for hand dryer manufacturers.

Specialist Players' and Organizations’ Ongoing Efforts to Provide Hygiene Solutions with Advanced Technologies to End-User Industries Are Driving Revenue Growth In This Market.

Detailed comparative analysis of key competitors available within the Research Study shows that specialist electrical appliances companies such as Dan Dryer, TOTO, Dyson, Euronics, and more are highly focused on providing a significant number of healthcare solutions with advanced techniques that can be used across end-user industries. Such companies are proactively launching hygiene solutions/equipment as the demand for eco-friendly techniques grows globally, particularly following the outbreak of the COVID-19 pandemic. Furthermore, several governments initiating campaigns, such as the Clean India Mission, and the use of Hygiene Products that lower the human touch in maintaining hygiene is gradually becoming necessary for commercial areas, such as hotels, malls, hospitals, schools, colleges, and office complexes, influencing companies to introduce more contactless hygiene products.

• In April 2022, Euronics, a Netherlands-based Retail Company, launched the NERO series of premium bathroom accessories, which included hand dryers, soap dispensers, and sensor taps. The company's hand dryers are suitable for hotels, offices, airports, shopping malls, stores, and other public places as they save 80% more than conventional hand dryers. In addition, it also lowers the carbon footprint of paper dispensers by 70% and saves up to USD 517.32 (INR 40,000) per washroom per year when compared to paper dispensers.
• In December 2021, Dan Dryer, a Denmark-based supplier of commercial and public toilet equipment/solutions, launched its LOKI product range, which comprised the LOKI Hand Dryer and the LOKI Disinfection Stand, in collaboration with VE2, a Danish design agency. Such products are designed with clean graphics that complement the surrounding structural features, such as windows, doors, and wall surfaces.
• In October 2019, Excel Dryer Inc., a S.-based manufacturer of hand dryers, sold nearly USD 40 million worth of dryers a year, the majority of which are used in public restrooms such as airports and casinos, as well as Starbucks and Walmart stores across the U.S.

The Ongoing COVID-19 has Noticeably Contributed to the Widespread Adoption of Hand Dryers across Countries.

The ongoing COVID-19 pandemic moderately impacted the global supply of hand dryers in 2020, owing primarily to the closure of shopping malls, hotels, restaurants, and offices to prevent the virus's spread. As a result, product demand in such industries suffered. However, increased demand for hand dryers in hospitals boosted product demand in this healthcare sector. The upsurge is primarily attributed to an increase in the number of COVID patients admitted to hospitals, as well as concerns regarding contamination, which drive the adoption of hand dryers, especially those equipped with high-efficiency particulate air (HEPA) filters, in hospitals worldwide. HEPA filters typically help in retaining the majority of the particles found in the air, such as viruses, bacteria, dust, dust mites, pet dander, and other irritating allergens, that are harmful to human health.

• For instance, according to the Environmental Protection Agency (EPA), a U.S.-based government agency responsible for environmental protection matters, HEPA filters can remove at least 99.97% of dust, mold spores, fungi, bacteria, and any airborne particles larger than 0.3 microns (m).
• According to The American Institute of Architects (AIA), a government organization, Excel Dryer's HEPA filtration system, which is equipped with its hand dryers, was verified and tested to eliminate 99.999% of viruses from the airstream in 2021, an additional level of protection against germs.

Increasing Government Initiatives, Strategies, and Investments in Hygiene Technologies and Solutions, Notably Supporting Hand Hygiene is Propelling the Hand Dryers Market Growth.

Prior to the COVID-19 pandemic, government-led investment and involvement in life sciences were relatively limited worldwide, with the industry relying primarily on private funding. Several governments across countries are exhibiting their strategic vision of promoting a culture of hand hygiene by enacting new hand hygiene requirements in institutional settings, particularly in healthcare, where prevention and control of infections are critical for patient safety.

• In September 2022, the UK government announced a USD 159.92 billion (£150 billion) package to help cut rising energy bills. The government accumulated a list of the most effective green advancements and strategies that, all within the workplace, could help businesses mitigate the effects of increasing energy costs. For instance, replacing paper towels in the bathroom with eco-friendly hand dryers can save thousands of dollars in the purchase, cleaning, maintenance, and disposal costs. Since paper towels are infrequently recycled, so replacing them with eco-friendly hand dryers could reduce carbon emissions by 79%.
• In May 2020, the UK Government joined forces with global health authorities, such as World Health Organization (WHO), and the Centers for Disease Control and Prevention (CDC), to endorse the use of hand dryers throughout the COVID-19 pandemic.

Key Topics Covered in the Report

• Snapshot of Global Hand Dryers Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of Global Hand Dryers Market
• Historic Growth of Overall Global Hand Dryers Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of Global Hand Dryers Industry
• Overview, Product Offerings, and Strength & Weakness of Key Competitors
• Covid-19 Impact on the Overall Global Hand Dryers Market
• Future Market Forecast and Growth Rates of the Total Global Hand Dryers Market and by Segments
• Market Size of Product Type, Mode of Operations, Technology, and End User Segments with Historical CAGR and Future Forecasts
• Analysis of Global Hand Dryers Market
• Major Production/Supply and Consumption/Demand Hubs within Each Region
• Major Region-Wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region

Major Companies Profiled in the Report

• World Dryer
• American Specialties Inc.
• Dyson
• Mitsubishi Electric Corporation
• Panasonic Holdings Corporation
• Excel Dryer
• Euronics Industries Pvt Ltd
• Hokwang Industries Co., Ltd.
• Bobrick Washroom Equipment, Inc.
• Jaquar India
• Saniflow Hand Dryer Corporation
• SPL NZ

Notable Emerging Companies Mentioned in the Report

• Palmer Fixture Company
• Electrostar
• SPL Ltd.
• Taishan Jieda Electrical Co. Ltd
• TOTO LTD.
• Bio Jetdrier
• The Hygiene Company
• Warner Howard Limited

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Electric Appliance Companies
• Household Appliance Companies
• Consumer Electronics Products Manufacturers
• Technology Providers for hand Dryers
• Components (Electric Motor, the Fan Blade, Copper Wiring) Manufacturers
• Global Healthcare Agencies (WHO, Meditech, CDC)

Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For More Information on The Research Report, Refer to Below Link: -

Opportunities In Hand Dryers Business

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Ken Research
Ankur Gupta, Head Marketing & Communications
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5 Key Insights on US$ 150 Bn Opportunity in North America Healthcare E-Commerce Market

 

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Driven by Rising Development in Innovative and Efficient Delivery Methods such as Drone Delivery, and Others for Healthcare Products, the Healthcare E-Commerce Market in North America is Forecasted to Cross $340 Bn by 2027 says Ken Research Study.

Healthcare E-Commerce is increasingly gaining popularity across North America as a way to provide easy access to healthcare services and products to the end-users and to improve patient care services. The rising adoption of new and advanced technologies in the healthcare e-commerce industry to streamline the delivery of healthcare products is propelling the growth of the healthcare e-commerce market. Furthermore, increased spending or investments in digital technologies to offer convenient and quality care services are also expected to fuel the growth of the market.

According to Ken Research estimates, the North America Healthcare E-Commerce Market – which grew from around US$ 110 Bn in 2019 to nearly US$ 150 Bn in 2021 – is expected to grow further into a more than US$ 340 Bn opportunity by 2027.

1. North America has Seen Rapid Growth in Healthcare E-Commerce after the COVID-19 Pandemic Ignited the use of E-commerce Services.

The North America healthcare e-commerce market is expected to witness strong growth during the forecast period, due to the change in purchasing patterns among end-users and the rising adoption of e-commerce services for the purchase of medical products including drugs and medical devices, especially after the COVID-19 pandemic. The COVID-19 pandemic ignited telehealth and e-commerce services as it forced consumers to try e-commerce and rely on product reviews and ratings, which resulted in a boost of confidence in the consumers to make purchases of healthcare products online. Moreover, healthcare providers are also forced to opt for a tech-enabled, customer-centric approach and to offer their services via an online platform.

The pandemic has also increased the demand for digital strategies such as AI, Sensor-based, and others in the healthcare e-commerce industry to successfully operate the healthcare business in this demand-supply mismatch environment caused by the pandemic disruptions. These digital strategies have been of great use in streamlining the supply chain, which has further fueled the adoption of digital strategies by the market players. For instance, In July 2020, Deutsche Post AG announced to invest more than US$ 70 million to build additional specialized warehousing infrastructure and adopt new technologies to support its pharmaceutical and medical device customers in North America.

2. Technological Improvements in Healthcare E-Commerce Platforms and Increasing Investments by Key Players Are Major Growth Drivers for North America’s Healthcare E-Commerce market.

Healthcare e-commerce players see great potential in technologies such as blockchain, artificial intelligence (AI), sensor-based technology, and others and are adopting these technologies to improve their healthcare supply chain. For instance, in September 2020, FedEx launched SenseAware ID, a sensor-based logistic device that offers precision tracking. Moreover, companies in the healthcare e-commerce industry are deploying new technologies in the supply chain to deliver quality and cost-improved healthcare services. In addition, key players are investing heavily in digital technologies to transform their traditional supply chains into digital supply chains, which is anticipated to augment the growth of the market.

• In February 2022, CVS Health planned to invest US$ 3 Bn in digital features to enhance the e-pharmacy site experience. The company aims to connect consumers in more places and in more ways with its digital-first technology forward approach and planned to offer an enhanced omni channel health experience.

3. Data Security Issues Coupled with Increasing Data Breach Cases in the Healthcare Industry are the Most Significant Barrier to Widespread Healthcare E-Commerce Adoption.

Security concerns over data of medical history, customer or patient data, and others have been major impediments to the growth. The data must be secure, encrypted, and confidential at all times, failure in securing health data could lead to a heavy fine by the governmental authorities or legal complications. The governmental bodies have also laid stringent regulations for the protection of healthcare data and compliance complications with those regulations are expected to hinder the growth of the market. Moreover, cyber incidents can have a significant financial impact on the healthcare industry and the protection of healthcare data from cyber incidents is a major challenge for the market.

• In 2020, according to IBM, the healthcare sector faced a maximum number of data breach cases and the global average cost of a data breach in the healthcare industry stood at US$ 7.1 million.

Hence, an increasing number of data breach cases in the healthcare industry coupled with the growing concern regarding the data security issue in e-commerce networks is expected to hinder the growth of the market.

4. Medical Consultation holds the Major Share in the Application Segment and is Expected to Maintain Dominance During the Forecast Period.

Among the application segments, medical consultation remained the dominant segment during the 2017-2021 period contributing to largest market revenue share. Further, the Research Study found that this segment is likely to retain dominance even by 2027. Their dominance is owing to an increase in the demand for e-commerce platforms to ease access to healthcare services for patients. Furthermore, medical facilities are always burdened by the shortage of staff issue but the pressure could be easily alleviated with the integration of e-commerce into the healthcare sector, which is expected to fuel the growth of this market.

• In 2021, according to Bloomberg, 16% of the hospitals had critical staffing shortages in the U.S.

Hence, the increasing critical staff shortage in healthcare facilities had increased the demand for medical consultation through e-commerce platforms as well as the online delivery of drugs or medical devices has eased healthcare access for the patients.

5. Diverse Global Players Dominate the Market with Majority of the Revenue Share Despite the Presence of a Large number of Local Players

The North America Healthcare E-Commerce industry is highly fragmented in nature comprising global players (having presence in 2 or more continents), regional players (having presence in multiple countries within North America), and Country-Niche Players (presence limited to just 1 country or very niche presence in the value chain). Some of the Country-Niche’s players are constantly engaged in the developments for the healthcare e-commerce market and are investing heavily to transform their healthcare supply chain.

However, The Research Study found that few major players, such as Amazon.com, Inc., The Kroger Co., and Walmart Inc., are involved in strategic partnerships for introducing new services for healthcare products delivery and adopting new technologies to enhance the delivery process to gain a lion market share. In addition, several other players are implementing several strategies to strengthen their position in the healthcare e-commerce market, including introducing new pharmacy services, geographical expansion, and collaborations.

For more information on the research report, refer to the below link:

North America Healthcare E-Commerce Market: Ken Research

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How China is front running in USD 48BN Opportunity in Global Robotics Market in 2028?, unveiled by a report: Ken Research

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The robotics market has grown significantly in the past few years with the rise in the number of annual installations in China. China is the largest robot market in the world as per the annual revenue and operational stock.

As per IFR, China registered annual installations of over 168,000 in 2020. The automation penetration in China currently is mainly controlled by foreign robot manufacturers with a total market share of over 70%. With rising fluctuations in the past 8 years, this share has been steady. Robot installation from overseas – largely imported from South Korea, Japan and Europe increased robustly by 23% to around 123,000+ installations (including the units manufactured in China by foreign suppliers). Home grown Chinese robot producers largely serve domestically, holding a market share of 26.5% in 2020 with over 45000+ units sold.  Around one-third of the robots are manufactured by Chinese robot suppliers.

According to the research report, Global Robotics Market 2022-2028, Asia pacific will continue to dominate the robotic industry. The noticeable growth drivers are the growth in the electrical and electronics industries and the semiconductor and the chip industries. Major battery producing factories are installing robots to meet the increasing demand for electric and hybrid cars. The global robotics market is anticipated to grow to USD 46 billion by 2028 at an average annual growth of over 11% in next 5 years.

Robots will continue to have pivotal role in boosting expansion of some of the emerging industries in China and aid in developing new industries altogether.

In 2021, industrial robots demand originating from lithium battery has grown by over 130% while from warehouse logistics, it has grown by over 100% and from photovoltaic industries, industrial robot demand has grown 50%+.

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Several leading robotics vendors including ABB Ltd., DENSO Corporation, FANUC Corporation, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corporation, Nachi Robotic Systems, Inc., Robert Bosch GmbH, Rockwell Automation, Inc., Siemens AG, Toshiba Corporation, Yaskawa Electric Corporation, etc have grown well and have led over 2 million industrial robot installations in factories around the world.

Yet to see how the growth story in China will pave way for future in Global robotic manufacturing space.

For More Information, Click on the Link Below:-

Global Robotics Market: Ken Research

Related Report:-

Global Robotics Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025

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Competitors in Natural Fiber Reinforced Composites Market

 Regional Players Dominate the Market Constituting ~45% of Number of Participants However Few Global Players Hold Largest Market Share finds a recent market study on Global Natural Fiber Reinforced Composites Market

Natural fiber composites (NFCs) are a type of composite material in which at least the reinforcing fibers are generated from renewable and carbon dioxide-neutral fiber types like plants or wood. The product is being increasingly adopted by industries like Aerospace, Automotive, Building & Construction, Electrical & Electronics, Furniture, and other industries.

Ken Research shares 3 key insights on this high opportunity market from its latest research study.

Regional Players Constitute 45% of the Market Participants Followed by Country Niche Players Which Constitute 35% of Competitors, But Few Global Players Hold Largest Market Revenue Share

A comprehensive competitive analysis conducted during the Research Study found that the global natural fiber reinforced composites market is highly competitive with ~150 players which include globally diversified players, regional players, as well as a large number of country-niche players having their own niche in natural fiber, reinforced composites tech advancement for multiple industries.

Composite materials have drawn a lot of interest because of their adaptable qualities, which enable numerous applications in a vast array of sectors. The rigidity and strength of the composite materials relative to their normally low weight are their main advantages over conventional bulk materials. Numerous industries, including aerospace, automotive, building and construction, sports, electrical and electronics, and other ones, are increasingly adopting these materials.

The regional players comprise about 45% in terms of the number of companies followed by country niche players which account for ~35% of the market share.

According to the research, large global players held the dominant position in the market with ~45% of market share in 2021 and is followed by regional players which held ~35% in 2021.

The Share of Revenues From Natural Fiber Reinforced Composites Forms a Major Chunk of the Overall Companies’ Revenues for Specialist Players

With numerous global corporations and small producers conducting their companies through a variety of products and a vast distribution network, the market is considerably competitive by nature. From product manufacturing to final product distribution to multiple places, the enterprises in the sector have a high degree of integration.

The players which specialises in the field earn high percentage of revenue from natural fiber reinforced composites products. Key players have a significant presence in various end-user industries like aerospace, automotive, building and construction, electrical and electronics, sports, and various others. Not just key players but also the emerging players are expanding in different industries with natural fiber reinforced composites products and are also investing in marketing strategies like collaborations and technological development to compete in the industry.

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Post-Covid Pandemic, the Trend of Launching Products with Wider Sustainability is Being Adopted

Lockdowns and increased limitations throughout the world in 2020 and 2021 disrupted the supply chain, making it challenging for manufacturers to compete in the market for natural fiber-reinforced composites. The market for natural fiber reinforced composites is quickly regaining its pre-COVID levels, and over the forecast period, a strong growth rate is predicted, driven by the economic recovery in the majority of emerging as well as industrialized countries as well as increasing environmental concerns

The Indian Jute Mills Association's chairman said, "Around 0.2 million tonnes of jute product manufacturing with an estimated value of USD 156 million had been lost as a result of COVID in India. Only 5 to 10 percent of the employees at some mills that were able to restart were employed there". The gradually changing circumstances and increased product demand is reshaping the market in a positive manner.

Increased Adoption of Natural fiber Reinforced Composites in Various Parts of the World leading to Major Industry-Wide Developments, Acquisitions, and Deal-Wins

• On September 22, The Aura concept car, which was funded by the Office for Zero Emission Vehicles (OZEV) through the Niche Vehicle Network (NVN), was handcrafted with the goal of developing a low-emission, long-range electric vehicle (EV) with sustainability at its core. The car's bodywork has been reinforced using natural fiber composites to save weight and improve manufacturing sustainability.
• On May 10, it was revealed that Formula Seven and Bercella s.l.r. had teamed together to create an innovative seat for Formula SAE single-seaters utilizing only 100% natural fiber composite materials, such flax fiber. Bercella s.l.r. produces huge and sophisticated composite constructions. Flax fibers are a sustainable material that are also corrosion, impact, and UV resistant, according to Bercella. Additionally, the material isolates from electricity and heat while absorbing vibrations, making it perfect for uses like the seating for Formula SAE race vehicles.
• April, 2022, in order to produce non-crimp fabrics (NCFs) with flax fibers for the marine and sports and leisure markets, Saertex and Terre de Lin have started working collaboratively. The two businesses' collaboration intends to bring together Terre de Lin, key provider of sustainable flax fibers, and Saertex's knowledge of reinforcement materials.
• In October 2021, Lanxess introduced a brand-new, totally biodegradable material based on flax and polylactic acid, to its Tepex line of continuous-fiber-reinforced thermoplastic composites. The substance blends polylactic acid made from biomaterials with natural flax fibers.
• In October 2021, Green Dot Bioplastics Inc. and Mayco International have collaborated to produce a sustainable solution for waste generated during the manufacturing of automobile components by recovering trim and scrap fibers for Natural Fiber Reinforced Plastic (NFRP).

For more information on the research report, refer to below link:

Major Companies in Natural Fiber Reinforced Composites Market

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5 Key Insights on US$12 Bn Opportunity in Global Natural Fiber Reinforced Composites Market

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3 Key Insights on Competitive Landscape in the Global Night Vision Device Market: Ken Research

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Despite the Presence of about ~200 Competitors Comprising a Large Number of Country-Niche Players, Regional Players, the Global Players dominate the market in terms of market revenue share, finds a recent market study on Global Night Vision Device Market by Ken Research.

Night Vision Devices are optoelectronic devices that intensify the infrared, gamma, and ultraviolet light and produce a visible image that can be seen during the night or when the light levels are low or if it is dark. These devices can be handheld, mounted, or integrated into vehicles. Due to the benefits provided by these devices, they find a wide range of applications in military, defense, wildlife, and security-related activities among a host of other areas.

Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

1. Global Players Constitute ~10% of Total Number of Competitors, While Country-Niche Players Constitute the majority of Total Competitors

A comprehensive competitive analysis conducted during the Research Study found that the Global Night Vision Device market is highly competitive with ~200 players, including globally diversified players, regional players, and a large number of country-niche players, which hold 60% share in terms of the number of companies present in the market, with their offerings in some specific product categories. The majority of the top global night vision device companies, including L3 Technologies Inc., American Technologies Network Corp., BAE Systems PLC, Thales Group SA, SATIR, Elbit Systems Ltd., Teledyne FLIR LLC, Collins Aerospace, Meopta, Excelitas Technologies Corp., Safran are expected to maintain their leading positions in the forecasted period.

2. Global Players' Continuous Investments in New Technologies and Products are Driving Revenue Growth in This Market

Detailed comparative analysis of key competitors available within the Research Study shows that numerous companies such as BAE Systems, and Excelitas Technologies are highly focused on providing products with newer technologies to stay ahead in the market.

• In December 2020, BAE Systems launched its product TWV640 which was the first uncooled thermal camera core that was commercially available. It used 12µm pixels and reduced the optic cost and size by 20% and 50% respectively. This thermal imaging module product is available to military and commercial OEMs.
• In October 2021, Excelitas Technologies launched its Cobra Eye flat-field eyepiece. This can be integrated into augmented reality, virtual reality, night vision, and thermal systems.

3. The Ongoing COVID-19 has Noticeably Accelerated the Demand for Thermal Imaging Night Vision Devices and Drones with Night Vision Cameras

The advent of the COVID-19 pandemic helped the night vision device market grow as the demand for thermal imaging devices grew. These were used widely to detect abnormal temperatures within a person’s body while allowing a safe distance from the potentially infected person from the operator of the system. The governments also used night vision devices extensively to keep strict surveillance to curb and combat the deadly virus spread. Drones with night vision cameras helped governments to locate people who were violating the Covid norms such as social distancing and wearing a mask.

For example, in April 2020, the state government of Kerala in India used drones with night vision cameras to identify around 40 people who had not followed the social distancing norms.

The demand for thermal imaging equipment increased manyfold in China due to the Covid-19 outbreak in February 2020. The largest company in the country that used to sell only 100 such equipment yearly sold many times more of that within just 2 weeks because the authorities wanted to deploy them at public transport and gathering places.

Increasing Government Initiatives is Propelling the Night Vision Device Market Growth

Increased and active participation and initiatives by governments worldwide have been a very favorable factor in the growth of the night vision device market.

In November 2021, the French government, in its efforts to stop illegal migration and smuggling from the UK, announced a package of EUR €11 million that included thermal cameras and night vision equipment. The French government was adding mobile boats and vehicles which had high-end surveillance and detection equipment.

In December 2021, the US Army detailed its plans to move to digital night vision technology and was looking for a partner to facilitate the process. The United States Defense Department through its science and technology hub for the past 2 decades has also made research and investments in this area focusing on digital low-light level technology systems.

For more information on the research report, refer to the below link:-

Global Night Vision Device Market

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Top Market Research Consulting Companies: Ken Research

 Overview of Market Research

Market research provides information on the market, competitors, products, marketing, and customers to help firms make decisions. By enabling informed decisions, market research will help in the creation of a successful marketing plan. Despite the fact that these elements may aid a company's bigger responsibilities, it is the only way that provides owners with the specialized, industry-specific knowledge required to make truly strategic business decisions. This form of study can be initiated internally by the company or outside by a market research firm.

At Ken Research, we think that a company's marketing strategy needs a strong foundation built from strategic analysis and research. The Top Market Research Company In India, like Ken Research, start by understanding who you are, what you provide, and why potential clients should select you over your competitors. This knowledge directs us on the proper path and provides a justification for the necessity to alter campaigns and marketing collateral in order to successfully target audiences. Innovative and proactive research is essential for firms to use the data to chart new directions, alter strategies, and profit from customer-centric business decisions. The company provides a broad variety of databases and resources to all of its international clients, as well as enthusiastic project managers who work in accordance with the clients' numerous time zones. Ken Research consistently offers its clients high-quality, economical, and individualized solutions.

Benefits of Services Impacts by The Market Research Consulting Companies

Our experts will do a complete examination of your business, your proposals, your rivals, and the industry to develop a successful marketing plan for your company. The use of our market research and analysis services has the following benefits:

• Our analysts at Ken Research have a deeper comprehension of the potential in your sector.
• Our understanding of your position in relation to your rivals and of commercial possibilities has improved.
• We maximize market research and analysis to approach your marketing with a better strategic aim.
• A better understanding of your target audience and how to interact with them in a meaningful way by emphasizing your USP.
• Ken Research has connections with the Top B2B Market Research Companies.
• With our assistance, you might outperform your rivals in search engine results by researching your industry and making the appropriate adjustments to your website's messaging to draw in more visitors.

Advantages of Market Research Consulting Companies

Market research provides numerous benefits to firms. The primary goal of market research is surely to comprehend the market. Market research consulting companies give you the ability to pinpoint market opportunities, gauge market risks, project future trends, and more. It gives you the chance to compete with those who offer comparable products or services. Market research can help you make more informed decisions about marketing, promotions, sales, and operations. Market research allows you to comprehend your market's needs and desires, as well as uncover answers to questions that have been bugging you for years. Making wise selections is made easier with the aid of the best market research consulting firms. Market research is useful whether you are starting a new firm, expanding into new markets, or differentiating your existing one.

Furthermore, commercial market research completed by the Top Market Research Consulting Companies would get your company one step closer to your target customer. You'll grasp their personalities, characteristics, and needs better. As a result of this insight, you will be focusing on the critical components of developing actual solutions to your consumers' wants and desires. Understanding these effects can allow you to better serve your consumers. These kinds of questions can be practically solved through research. As a result, it stands to reason that organizations that perform systematic market research often have a significant competitive edge. More importantly, doing market research enables you to get to know your target market very well.

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5 Key Insights on US$12 Bn Opportunity in Global Natural Fiber Reinforced Composites Market

 Driven by Rising Environmental Concerns and the Consequent Rise in Demand for Bio-Based Composite Materials, the Global Natural Fiber Reinforced Composites Market is forecasted to cross US$12 Bn by 2030 says Ken Research Study.

Natural fiber composites (NFCs) are a type of composite material in which the reinforcing fibers are generated from renewable and carbon dioxide-neutral materials like plants or wood. Owing to their greener nature and contribution to sustainable practice, natural fibers have garnered significant interest from industry players and researchers for the utilization of polymer composites. To better balance environmental concerns with social and economic issues, some sectors have transitioned toward sustainable technology which is, in turn, fueling the natural fiber reinforced composites market.

According to Research estimates, the Global Natural Fiber Reinforced Composites Market – which was valued from around US$ 5 Bn in 2019 to nearly US$ 6 Bn in 2021 – is expected to grow further to more than US$ 12 Bn opportunity by 2030.

Ken Research shares 5 key insights on this high opportunity market from its latest research study.

1.   Better Properties of Reinforced Natural Fiber Composites as Compared to Synthetic Fiber Composites to Boost their Demand and Market Revenue Growth

Compared to synthetic fiber composites, natural reinforced fibers are affordable, require minimal effort to create, and emit lesser harmful fumes. Additionally, its high specific strength, stiffness, and less dense makeup help reduce weight in a range of end-user applications. For instance, in the building sector, natural reinforced fiber composites are added to concrete to enhance its mechanical properties, such as flexural strength, impact resistance, and fracture toughness. The market for natural reinforced fiber composites is expanding due to their numerous advantages over synthetic fibers.

NFC's potential to replace synthetic fiber composites and rising consumer desire for eco-friendly packaging options are expected to contribute to the market's growth over the projected period.

2.   Increased Adoption of Natural Fiber Reinforced Composites in the Automotive Industry to Boost the Market Growth

Fiber-reinforced composites have a higher tensile strength, moldability, and less weight than aluminum-made car parts, making them lighter, safer, and fuel-efficient. Fiber-reinforced composites are employed in the creation of structural elements for automobiles. The extent of the global electric era is another factor boosting the demand for natural fiber-reinforced composites in the automotive industry. Utilizing composite materials is expected to aid in enhancing the mechanical and electrical characteristics of drive systems.

The average amount of plastic used in a car today—120 kg globally and 105 kg in developed countries—represents around 50% of the interior components and contributes to 10% to 12% of the overall vehicle weight.

Leading the way in the utilization of natural fiber composites is Germany. Natural fiber composites for interior and exterior uses have been introduced by the German automakers Mercedes, BMW, Audi, and Volkswagen. Germany accounts for two-thirds of all bio-fiber consumption in the European automobile sector.

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3.   Sustainability Concerns to Propel the Market Growth

The issue of resource depletion is a significant concern for humanity in the current context of a rapidly expanding global population. The development of alternative materials has become increasingly important in recent years as a result of the environmental degradation caused by particular material extraction methods. This prompted the creation of composite materials, particularly those made of natural fibers. In terms of durability and sustainability, natural fibers have an edge over their synthetic equivalents.

Increasing demand for bio-based composite materials due to growing environmental concerns is a prime factor driving the growth of the natural fiber reinforced composites market. These fiber composites are derived from the bast or outer stem of various plants. The use of these composites can reduce the carbon footprint by 50% compared to oil-based products. Additionally, these natural fibers are recyclable (up to 100%).

Stringent regulations governing non-biodegradable composites have created new business opportunities in regions like Europe and North America. Throughout the projection period, the market showcases fresh development prospects for expansion, with rising demand for sustainable natural fiber composites in developing countries for the construction and automotive industries. As a result, it is anticipated that throughout the forecast period, demand for this market will increase.

4.   Price Fluctuations in the Natural Fiber Reinforced Composites to Slow Down the Expansion Rate of the Market

Price variations of natural fibers have been specifically impacted by the growing market share of man-made fibers. In some cases, when man-made fibers make deeper inroads into the fiber market, the range of price swings for natural fibers increases. This claim is supported by changes in the supply curve of fibers that take place when the manufacture of synthetic fibers increases. Natural fibers like wool have been experiencing a fluctuation in terms of price due to the expansion of man-made fibers which is in turn negatively impacting the growth trend of the global natural fiber reinforced composites market.

5.   North America Holds the Largest Market Share in the Global Natural Fiber Reinforced Composites Market

North America has a wide market for building and construction. The recent trend of increasing adoption of natural fiber reinforced composites in building and construction has augmented the adoption of the product. While wood fiber has seen tremendous expansion in the North American region, European players use flax, hemp, and kenaf extensively.

Various organizations including private and public are conducting research on expanding the availability of wood fiber which is another reason for the growth of the market in North America. For example, a nationwide assessment of the availability and demand for wood fiber resources in the US is being prepared by the USDA Forest Service.

For more information on the research report, refer to below link:

Competitors in Natural Fiber Composites Sector

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Global Network as a Service Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type (WAN, LAN, Bandwidth on Demand, and Data Connectivity Center), By Application 

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3 Key Insights on Competitive Landscape in Global Cloud Gaming Market

 

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Few Diverse Global Players Dominate the Market Holding Majority Revenue Share Despite Presence of about ~500 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on Global Cloud Gaming Market By Ken Research

Cloud gaming refers to a game that lives on a company server rather than on the gamer’s device or computer. The gamer enters the game by installing a client program that can allow to access the server where the games are running. The main advantage of cloud gaming is that the gaming company can upgrade or modify the games without having to worry much about the capabilities or performance of users’ computers. Cloud gaming has been there since the late 2000s, but the technology and internet speeds were not properly optimized for its performance until several years later.

Global Players Constitute 10% of Total Number of Competitors While Country-Niche Players Represent 65% Total Number of Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the Global Cloud Gaming Market is highly competitive with more than 500 players which include globally diversified players, regional players as well as a large number of country-niche players having their own niche in Healthcare industries. The large global players comprise about ~10% in terms of the number of companies and Country Niche players account for ~65% total number of companies. Most of the country-niche players are start-ups. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Leading Global Players' Ongoing Efforts To Provide Cloud Gaming Solutions To A wide range of Gaming Industries Are Driving Their Revenue Growth From This Market.

Detailed comparative analysis of key competitors available within the Research Study shows that specialist players such as NVIDIA Corporation, Tencent Holdings Ltd., Activision Blizzard, Inc., and Blacknut are highly focused on providing a significant number of Cloud Gaming solutions and advanced techniques that can be used across Gaming Industries. Furthermore, several companies and organizations are aggressively investing in R&D to increase the development of Cloud Solutions in the Gaming Sector. Some of the developments of the global players are:-

• In 2021, NVIDIA Corporation collaborated with Electronic Arts Inc. by bringing HIT Games to increase GeForce NOW’s gaming platform
• In 2021, Blacknut collaborated with Communications and Entertainment Group NOS to provide a proper gaming experience with the help of 5G across Portugal and also aims to offer around 450+ games over the 5G network.

Post-Covid pandemic, the trend of launching products with accelerated the use of cloud gaming devices and services has gained momentum with the launching of 5G in many regions 

While many sectors of the economy are suffering as a result of the isolation and pandemic, the game industry is growing rapidly. The pandemic of Covid 19 has substantially accelerated the use of cloud gaming devices and services because the gaming industry was immediately ready to serve customers digitally and meet the growing demand for digital entertainment and due to lockdown restrictions people were mostly locked at their places and cloud gaming did not require any additional hardware and can be played almost on any device turning it into their pass times during lockdown.

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In 2021, Tencent launched Level Infinite to deliver high-quality games to a global audience by offering technical and production assistance. In June 2022 Microsoft launched Xbox Cloud Gaming in New Zealand and Argentina. Pass Ultimate subscribers of XBOX Game Pass can stream more than 100 games to phones, tablets, PCs, and Samsung TVs.Xbox Cloud Gaming is now available in 28 countries and is powered by custom Xbox Series X consoles.

Increased adoption of Cloud Technology in the Gaming Sector Globally leading to major industry-wide developments, acquisitions, and deal-wins

• In 2022, NVIDIA Corporation launched an upgraded GeForce RTX 3080 graphics card with 12GB of memory for the fastest frame rates, low latency, and highest resolutions.
• In March 2021, European Commission approved the acquisition of ZeniMax media which is a publisher and game developer by Microsoft Corporation.
• In Nov 2021, Microsoft and SEGA collaborated on a 'Super Game' project to develop 'large scale global games' on the Azure cloud platform.
• In May 2022, Microsoft’s Xbox division collaborated with Epic Games to put the popular free-to-play online game Fortnite up on its cloud gaming servers.
• In August 2022, Unity partnered with Microsoft for making Azure its cloud solution to develop real-time 3D experiences which can be used by the developers to use Azure and the Unity engine together, making it easier for them to get their games on Xbox and PC.
• According to CMA report Apple’s App Store Review Guidelines include various policies that prevent how cloud gaming apps can function as native apps from Apple’s App Store. For example, an app offering access to a catalogue of games (like Nvidia GeForce Now, Game Pass, or Amazon Luna) is not allowed on the App Store. Instead, Apple requires that each game individually is submitted to the App Store, which means that games must be individually downloaded to the gamer’s device and that multiple games cannot be streamed from one single app. In addition, game streaming services are compelled to use Apple’s IAP system and they are not spared from it like other types of streaming such as video and music. According to the CMA’s interim report, Apple’s internal documents display that it had “some awareness” that its policies presented notable challenges to cloud gaming services accessing Apple’s App Store.

For more information on the research report, refer to the below link:

Global Demand for Cloud Gaming Market: Ken Research

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Global Cloud Gaming Market 2022-2028

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