5 Key Insights on US$ 30 Bn Opportunity in the Global Digital Signage Market: Ken Research

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Driven by the Innovation and Technological Advancement in Display Tech, the Global Digital Signage Market is Forecasted to Reach ~US$30 Bn by 2028, says Ken Research Study.

Digital Signage, as the name suggests, hosts signage on an electronic screen rather than on an acrylic or polycarbonate board. It can showcase any sort of multimedia or audiovisual content to serve the purpose of advertising by brands and marketers or information dissemination by any regulatory agency, government agency, or any similar public broadcasting authority. Digital Signage can vary according to the type of device it is hosted upon, its components, the technology that is being used to run the content, and even the size of the screen. A range of application areas and end-user industries have found Digital Signage to be an effective medium to spread its vision, message, policies, schemes, offers, and more.

“Ken Research shares 3 key insights on this ~US$ 30 billion market from its latest research study”

1. Technological Advancements and Cutting-Edge Display Features Have Helped the Global Digital Signage Market to Grow

The Global Digital Signage market is expected to continue on its growth trajectory at a steady pace during the forecast period of 2022-2028. Innovation in display technology, especially the advent of OLED, MicroLED, and direct-view and fine-pitch LED displays, helped marketers and advertisers to showcase their content in a visually engrossing way. Overall, digital signage has proved its worth in driving a message effectively to its targeted audience.

The Global Digital Signage Market was valued at ~US$15 billion in 2017. The market is estimated to account for a market size of  ~US$20 billion in 2022 and grow further to ~US$30 billion in 2028 at a CAGR of ~7% during the forecast period (2022-2028).

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2. Strong Growth in the Market of Entertainment and Media is Expected to Boost the Market of Digital Signage.

Entertainment is one of the most significant application areas when it comes to leveraging digital signage effectively. It has been seen that millennial and GenZ individuals are more inclined towards personalized content and marketers are allocating a significant share of their advertising budget to digital advertising, including digital signage.  According to a report released by the Motion Picture Association in 2021, consumer spending in the global entertainment market again went up to 2019 levels, after a notable dip in 2020. The global digital signage market is expected to benefit significantly from this growth in the entertainment industry.

3. Digital Signage Marketing is Facing Stiff Competition from Internet Advertising

Marketers are allocating a significant share of their budget toward internet advertising. A host of businesses have been found to be relying upon ad-supported internet to attract new customers. According to a study conducted by the Harvard Business School on behalf of the Internet Advertising Bureau, the internet economy has grown seven times faster than the U.S. economy between 2017 and 2021, accounting for nearly 12% of the US GDP. The internet advertising revenue has seen more than 35% annual growth between 2020 and 2021.

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Key Topics Covered in the Report

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

Notable Emerging Companies Mentioned in the Report

• Raydiant
• ScreenCloud
• Waev
• Comeen
• Sparsa Digital
• NoviSign Digital Signage
• Pickcel
• NEON
• Nanovo
• Intelisa

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

• Digital Signage Service Providers
• Digital Signage Hardware Manufacturers
• Audiovisual Production Software Companies
• Advertising and Brand Promotion Agencies
• City Municipal Authorities
• Shopping Mall Owners and Chain Retail Businesses
• Transport Companies/ Public Transport Authorities
• Electronics/ Semiconductor Manufacturing Companies
• Out of Home Advertising Companies
• Outdoor Advertising Infrastructure Companies
• Components and Material Suppliers for Digital Signage Equipment

Time Period Captured in the Report

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

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Global Digital Signage Market: Ken Research

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5 Key Insights on US$ 30 Bn Opportunity in Global Machine Learning as a Service (MLaaS) Market: Ken Research

Driven by the Adoption of IoT in Business Operations Contributing to Market Expansion, the Global Machine Learning as a Service (MLaaS) Market is forecasted to Cross US$ 30 Bn by 2028 says Ken Research Study.

Machine Learning as a Service (MLaaS) is a group of services that provide machine learning (ML) tools as a component of cloud computing solutions. MLaaS enables customers/clients to benefit from ML without the associated expense, risk, or time required to build an internal ML team. The SME segment procured a substantial revenue share in the Machine Learning as a Service Market due to the implementation of ML allowing SMEs to optimize their processes on a limited budget. AI and ML are projected to be the major technologies that allow SMEs to cut expenses on ICT and gain access to digital resources in the near future.

According to Ken Research estimates, the Global Machine Learning as a Service (MLaaS) Market – estimated to be around US$ 10 bn by 2022 is expected to grow further into a more than US$ 30 bn opportunity by 2028.

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

1.  Machine Learning as a Service (MLaaS) has seen Accelerated Growth with the Adoption of IoT in Business Operations

• The information technology industry is expanding as a result of social media platforms and cloud computing technologies' rising popularity. Several organizations that offer enterprise storage solutions today frequently employ cloud computing solutions. Online data analysis utilizing cloud storage has the benefit of analyzing real-time data gathered in the cloud. Data analysis is possible at any time and from any location owing to cloud computing.
• Additionally, leveraging the cloud to use ML enables organizations to virtually access important data from linked data warehouses, reducing infrastructure and storage expenses, such as customer behavior and purchase trends. As a result of the increased use of cloud computing, the MLaaS industry is growing.
• AI systems employ ML to support reasoning, learning, and self-correction. Applications of AI include expert systems, speech recognition, and machine vision. AI is becoming popular as a result of current initiatives like big data infrastructure and cloud computing. In May 2021, Google Cloud unveiled Vertex AI, a new managed ML platform that allows users to maintain and deploy AI models based on client needs.

2. Rising Adoption of Cloud-based Services Likely to Drive the Market Growth

• Increasing cloud technology integration by employing desirable delivery methods in several industry verticals enables developers to offer major cloud-based solutions to manage business operations.
• As cloud-based technologies are being widely used in different enterprises, data interchange is facilitated by the simplicity with which these connections may be established. This makes it possible to access the information within a company, increasing the latter's cost-effectiveness.
• In April 2022, Infosys Ltd on launched Cobalt Financial Services Cloud, an industry cloud platform for enterprises to accelerate business value and innovation in the cloud across the financial services industry. Infosys Cobalt Financial Services Cloud is a secure, vertical cloud platform that enables enterprises to accelerate cloud adoption, rapidly build cloud-native business platforms, drive business agility and growth, foster innovation, and deliver a personalized customer experience.

3. Lack of Skilled Consultants and Compliance Issues Affect Market Growth

• The growing use of cloud technologies and desirable delivery methods across a variety of industry verticals enables developers to create effective cloud-based business operations solutions.
• SMEs in the MLaaS business prefer cloud-based services to cut down the ML integration process. It increases an organization's efficiency without recruiting additional staff by getting rid of repetitive work.
• However, the absence of qualified consultants, issues with compliance, and regulatory restrictions are some of the barriers that prevent this market's growth. Therefore, market participants should work with governmental and regulatory bodies to enhance uniformity in the market environment.
• In February 2022, Appier observes that one current challenge of taking ML models to MLaaS has to do with how we currently build ML models and how we teach future ML talent to do it. Most research and development of ML models focuses on building individual models that use a set of training data (with pre-assigned features and labels) to deliver the best performance in predicting the labels of another set of data.

4. The Service Segment is Likely to be the Dominant Force During the Forecast Period

• The service segment dominated the Machine Learning as a Service (MLaaS) Market and is expected to maintain its dominance during the forecast period. The market for ML services is expected to grow due to factors such as an increase in application areas and growth connected with end-use industries in developing economies. To enhance the usage of ML services, industry participants are focusing on implementing technologically advanced solutions.
• The use of ML services in the healthcare business for cancer detection, as well as checking ECG and MRI, is fuelling the market growth. Machine learning services’ benefits, such as cost reduction, demand forecasting, real-time data analysis, and increased cloud use, are projected to open up considerable prospects for the market.

5.  North America, the Largest Market Region Attributes Increased Spending on Defense and Key Player Presence Towards its Growth

• North America is expected to continue its dominance in the Machine Learning as a Service (MLaaS) Market during the forecast period. North American region is an early adopter of technology and innovations. It hosts the preferable infrastructure for the development of MLaaS.
• In addition, it is predicted that the market expansion during the forecast period is also attributed to rising defense spending and technological advancements in the telecommunications industry. Government regulations on data security are projected to have a significant impact on the market for ML services.

In December 2021, BigML added Image Processing to the BigML platform, a feature that enhances their offering to solve image data-driven business problems with ease of use. It labels the image data, train and evaluate models, make predictions, and automate end-to-end machine learning workflows.

For More Information, refer to below link:-

Global Automated Network Management MLaaS Market

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3 Key Insights on Competitive Landscape in Global Machine Learning as a Service (MLaaS) Market: Ken Research

Few Diverse Global Players Dominate the Market Holding Majority Revenue Share Despite the Presence of about ~150 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on the Global Machine Learning as a Service (MLaaS) Market by Ken Research

Machine Learning as a Service (MLaaS) is a group of services that provide machine learning (ML) tools as a component of cloud computing solutions. MLaaS enables customers/clients to benefit from ML without the associated expense, risk, or time required to build an internal ML team.

MLaaS is used in processes such as risk analytics, fraud detection, manufacturing, supply chain optimization, and others. It offers the freedom to build in-house infrastructure from scratch and manage and store data. It has a synergistic value in engaging data with the cloud and can revolutionize a paradigm of ML for a specific result.

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

Country Niche Players Constitute ~45% of the Total Number of Competitors, While Regional Companies Represent a 35% Share of Competitors in MLaaS Market

A comprehensive competitive analysis conducted during the Research Study found that the Global Machine Learning as a Service (MLaaS) market is highly competitive with ~150 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in cloud-based solutions for multiple end-user industries. The majority of the top 12 global cloud-based solution companies, including Amazon, Google, IBM, Microsoft, Oracle, HPE, SAS Institution, FICO, Yottamine Analytics, LLC, PREDICTION LABS LTD, BigML, and ersatz Labs, Inc. are expected to maintain their leading positions during the forecast period. The majority of the country niche players offer end-to-end solutions to some IoT platform suppliers who use ML technologies to strengthen their operating management skills in order to secure rein in vast IoT systems. IBM, Microsoft, Oracle, HPE, and SAS Institution are among the key players in the Global Machine Learning as a Service (MLaaS) Market.

Regional Players' Ongoing Efforts to Provide IoT Solutions to End-User Industries Drive Their Revenue Growth

Detailed comparative analysis of key competitors available within the Research Study shows that numerous ML service providers such as Amazon, IBM, HPE, Google, and others are highly focused on providing a substantial cloud-based solutions and network security that can be used across several end-user industries. Furthermore, Numerous companies and organizations are aggressively investing in advanced technology, software, and network security activities. Major companies collaborate and launch products for the development of new technology in ML. 

• In November 2021, SAS added support for open-source users to its flagship SAS Viya platform. SAS Viya is for open-source integration and utility. The software user established an API-first strategy that fueled a data preparation process with ML.
• In February 2022 - Telecom giant AT&T and AI Company H2O collaborated and launched an AI feature for enterprises. This delivers a repository for collaborating, sharing, reusing, and discovering ML features to speed AI project deployments and improve ROI.

Increasing Government Initiatives, Strategies, and Investments in Data Visualization, and Advanced Machine Learning Propels Market Growth.

• In July 2020, Hewlett Packard released HPE Ezmeral, a new brand and software portfolio developed to assist enterprises to quicken digital transformation across their organization, from edge to cloud. The HPE Ezmeral goes from a portfolio consisting of container orchestration and management, AI/ML, and data analytics to cost control, IT automation and AI-driven operations, and security.
• In December 2021, AWS announced six new Amazon SageMaker capabilities. This makes ML more accessible and cost-effective. This brings new capabilities, including a no-code environment for creating accurate ML predictions and more accurate data labeling using highly skilled annotators.
• In March 2022, Google entered into a partnership with BT, a British telecommunications company. Under the partnership, BT utilized a suite of Google Cloud products and services—including cloud infrastructure, ML and AI, data analytics, security, and API management—to offer excellent customer experiences, decrease costs, and risks, and create more revenue streams. Google aimed to enable BT to get access to hundreds of new business use cases to solidify its goals around digital offerings and developing hyper-personalized customer engagement.

In April 2021, Microsoft Corporation released an open dataset for health & genomics, transportation, labor & economics, supplementary, population & safety, and common datasets. This dataset aims to increase the accuracy of machine learning models using publicly accessible datasets. This also enables businesses to use Azure Open Datasets with its machine learning and data analytics solutions to offer insights at hyper-scale, which increases sales of these businesses' ML as a Service.

For More Information, refer to below link:-

Machine Learning as a Service Software Tools Market

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Ken Research

Ankur Gupta, Head Marketing & Communications

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3 Key Insights on US$ 20 Bn Opportunity in Global Hospital Furniture Market: Ken Research

Driven by the increasing prevalence of chronic diseases, and the increasing number of hospitals and clinics, the Global Hospital Furniture Market is forecasted to reach ~US$ 19 Bn by 2028 says Ken Research Study.

Global rise in medical tourism demands the hospitals’ infrastructure to be better and up to the standards. It relies on its furnishings which are designed in a way to least interfere with the daily operations of medical personnel and patient comfort. Hospital furnishing includes hospital beds, cabinets, examination couches, and bedside tables. Most of the furniture is designed in such a way as to draw in potential consumers or patients. Clinics, hospitals, nursing homes, and diagnostic centers are the major end-users of the Hospital Furniture Market.

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

1.  Hospital Furniture Observes No Direct Substitute and Witnesses an Increased Number of Country-niche Players Operating in the Market

The Global Hospital Furniture Market is expected to witness steady growth during the forecast period, owing to the increasing number of hospitals globally. The high cost attributable to hospital furniture poses challenges to the market growth.

According to Ken Research estimates, the Global Hospital Furniture Market is estimated to be ~US$ 11 Bn by 2022 and is expected to grow further to ~US$ 20 billion opportunity by 2028, witnessing growth at a CAGR of 10% during the forecast period 2022-2028. North America is the most dominating region in the Global Hospital Furniture Market. As the Hospital Furniture Market has no alternative and has wide applications, therefore the threat of substitutes is low for this market.   

2.  The Increase Prevalence of Chronic Diseases is a Major Growth Driver for Global Hospital Furniture Market.

Chronic diseases such as cancer, cardiovascular diseases, chronic lung disease, stroke, Alzheimer’s, diabetes, and chronic kidney diseases are on the rise all over the world, which is driving the growth of the Hospital Furniture Market as more patients are visiting the hospital for treatment. Moreover, the rising number of patients globally and medical tourism also fuel the demand for hospital furniture. The rise in the geriatric population is increasing the number of diseases associated with age-related factors, hence increasing the number of patients visiting hospitals.

According to the International Diabetes Federation (IDF) report, Diabetes Atlas Tenth edition 2021, around 540 million adults all over the world were found to have diabetes and is projected to grow to 640 million by 2030 and 780 million by 2045. The increasing population affected by the chronic disease is leading to the increased necessity of hospital furniture for the ease of diagnosis and treatment.

3.  High Costs Attributable to Hospital Furniture Market Poses Challenges to its Growth

The rising cost of medical furniture hinders the growth of the hospital furniture market. Hospital furniture such as operating tables and other examination tables have a higher cost as compared to hospital beds and chairs, which limits their adoption hence hampering the market growth. Moreover, highly specialized hospitals require sophisticated furnishings and thus incur a high cost.

According to WhattItCosts.com the price of buying a manual hospital bed starts at US$ 500, a semi-electric hospital costs US$ 1,000, a fully electric bed costs about US$ 2,000 and a heavy-duty full electric bariatric hospital bed costs US$ 5,000.

For More Information, refer to below link:-

Global Wood Hospital Furniture Market Revenue

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USA Used Car Market Research Report to 2026: Ken Research

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How is the used car Market Positioned in USA?

Market Overview:

The Used Car Market in USA has seen constant growth over the years supported by the increase in millennials population in the country along with the entry of emergent players into the market. The rising trend in used car over new cars indicates the buyer preference of purchasing used cars. Factors as fast increasing disposable income per household, greater supply in the market, and a move towards organized and transparent trade will drive the used-car market. Growth is further supported by manufacturer’s investments in expanding the network of used cars dealers, building the brand and enabling customers to choose this option.

Majority of customers prefer used cars of average age, with more kilometers driven as used car at that segment offers attractive and affordable options with SUV’s and Pickup Trucks being the major choice by type of car. Car dealers are emphasizing on providing integrated user-friendly platforms to ease the buyer’s journey of used cars. These trends and developments are changing the used car industry on a positive note with promising future growth.

The Used Car Market in USA are segmented on the basis of total number of used car units sold with a CAGR of ~% over the period 2016-2021 with total revenue generated ~% in USD Bn.

USA Used Car Market

USA Used Car Market has grown at an increasing growth rate over the period 2016-2021 with ~% CAGR, supported by the opportunities like digital transformation, growing trend of upgrading vehicles and more.

USA Used Car Market Segmentation

By Market Structure: The Organized Car market structure has dominated the USA Used market owing to the promising value-added services like warranty, certification; convenient buying experience and more.

By Organized Sector

In the Organized sector, Multi-Brand Franchised conquers the market, being the most popular type of player in USA, as they have more corpus to purchase inventory, and further sell it off to the consumers as they deal with both new and used cars.

By Unorganized Sector

In the Unorganized sector, C2C transactions constitute the major proportion of the market due to the strong preference to less-aged cars and popular brands with good resale value which attracts consumers.

By Type of Car

SUV car type are majorly preferred due to versatility and cargo space. Additionally, lesser price, higher grade of comfort, bigger trunk space, and more have all aided the SUV’s demand.

By Type of Transmission 

The market is overpowered by the Automatic Transmission as most of the Americans prefer automatics owing to the greater utilitarian cars and convenience of not having to shift gears. Moreover, it allows people to fiddle with their phones, search for music, or look at their GPS.

By Type of Fuel

The USA Used car market by Type of Fuel is dominated by Petrol fuel as cars operating on petrol are chosen considering factors like petrol engines are cheaper to repair, higher engine power and are more responsive compared to diesel fuel. They can easily be converted into CNG if desired.

By Private and Commercial

Private Vehicles overpower the market due to factors like rapid economic changes where middle-class customers are experiencing faster growth in income and are spending more on automobiles as Americans usually prefer to have a private vehicle for various purposes

By Miles Driven:

Consumers prefer used cars in good condition with average kms driven between 100,000-200,000 Miles as vehicles that has higher mileage are most-likely to be costlier than a similar vehicle with fewer miles.

By Age of the Car:

The market by Age of car is conquered by 10+ year’s old car where the average life of a car which has been witnessed in the country is 12.1 years, with an average run of 10,567 miles/year.

By Region wise Dealerships:

South region of USA dominates the market due to the highest number of registered vehicles along with presence of large number of dealerships & used car exchanges in this region.

By Brand:

Toyota Brand leads the market with the highest sale volume due to its high resale value and moderate maintenance of the car.

Competition Landscape in USA used car Market

The USA used car market is moderately fragmented market with presence of multiple players in the industry.  Top 3 players namely CarMax, True Car and Carvana together dominate the market share. Key competitive parameters include number of listings, brand availability, financing options, locations covered, value added services, warranty period, and commission charged.

USA used car market Future Outlook and Projections

The USA Used Car Market is expected to grow at ~% CAGR on the basis of Revenue and ~% on the basis of Sales Volume in Units. Efforts to transform the industry into a more organized one by players is expected to positively impact the sales. With the market at rebound stage, factors such as attractive pricing, easy financing option, digital advancement, use of advanced technologies such as AI to valuate car online by looking at the pictures only, 360-degree view of the interiors of the car and more are to enhance digital experience of consumers will drive the used car market in the near future.

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USA Used Car Key Segmentation Covered:-

By Market Structure

Organized Sector

Unorganized Sector

Organized Sector

Multi-Brand Non-Franchise

Online e-Commerce Local Dealers

OEM Certified

Unorganized Sector

C2C Transactions

Auction (B2C)

Local Dealerships

By Type of Car

SUV

Pickup Truck

Hatchback

Sedan

Luxury

Others

By Type of Transmission

Manual Transmission

Automatic Transmission

By Type of Fuel

Petrol

Diesel

Others

By Private or Commercial

Private

Commercial

By Miles Driven

20,000- 45,000 Miles

45,000-100,000 Miles

100,000-200,000 Miles

Above 200,000 Miles

By Age of the Car

0-2 Years

2-5 Years

5-10 Years

More than 10 Years

By Region-wise Dealerships

South

West

Mid-West

North East

By Brand

Toyota

GM

Ford

Stellantis

Hyundai-Kia

Honda

Nissan

Volkswagen

Others

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Key Target Audience:-

Used Car Companies

OEMs

Multi-Brands

Online Used Car Portals

Used Car Financing Companies

Government Bodies

Investors & Venture Capital Firms

Used Car Dealerships

Used Car Industry

Used Car Manufacturing Companies

Used Car Distributors

Used Car Auction Houses

Used Car Associations

Time Period Captured in the Report:-

Historical Year: 2016-2020

Base Year: 2021

Forecast Period: 2022–2026F

Companies Covered:

Major Franchised- Multi-Brands

EnterPrise Car Sales

Penske Automotive Group Inc.

Hertz Car Sales

North West Motor Sport

Asbury Automotive

AutoNation Inc.

STG Auto Group

Group 1 Automotive Inc

CarSoup

Sonic Automotive – Echopark

Avis Budget Car Sales

Major Marketplace Companies

Cars.com

TrueCar

CarGurus

Major Auction Market Players

Manheim

Greater Rockford Auction Group

ServNet

Copart Inc.

McConkey Auction

KAR Auction Services

ACV Auctions

Auto Auction Mall

Major Online E-Commerce Platform

CarMax

Carvana

Vroom

Shift Technologies

Key Topics Covered in the Report:-

USA Automotive Market Overview

USA Used Car Market Overview

USA Used Car Auction Market

USA Used Car Finance Market

USA Online E-commerce Used Car Market

Market Ecosystem

Value chain Analysis

Customer Buying Journey in USA

Decision Making Parameters for Customers

Offline and Online Business Models

Detailed Analysis on USA Used Car Market (Market Size, 2021; Market Segmentations, 2021; Competition Analysis; Future Market Size and Segmentations, 2026F; Future Trends and Way Forward

Snapshot on Online Used Car Platforms in USA

Snapshot of Used Car Auction House in USA

Snapshot of Finance Market in USA

Business Opportunity (Customer Profile Analysis)

Analyst Recommendations

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

USA Used Car Market: Ken Research

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Philippines Used Car Market Outlook To 2026 (Third Edition): Driven By The Pandemic Incited New Opportunities For Used Car Dealers And Increased Penetration In The Online Space For Used Car Transactions

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Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
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3 Key Insights on Competitive Landscape in the Global Hospital Furniture Market: Ken Research

Country-niche Players Dominate the Market Holding Majority Revenue Share Despite the Presence of about ~500 Competitors Comprising a Large Number of Country-Niche Players and Some Specialist Players, finds a recent market study on the Global Hospital Furniture Market by Ken Research

A hospital infrastructure relies on its furnishings which are designed in a way to least interfere with the daily operations of medical personnel and patient comfort. Hospital furnishing includes hospital beds, cabinets, examination couches, and bedside tables. Hospital furniture has sole utilization in clinics, hospitals, nursing homes, and diagnostic centers. Most of the furniture is designed in such a way as to draw in potential consumers or patients.

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

Global Players Constitute ~5% of the Total Competitors, While Regional Companies Represent ~25%.

A comprehensive competitive analysis conducted during the Research Study found that the Global Hospital Furniture Market is highly competitive with ~500 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in hospital furniture manufacturing and local supply for end-user like hospitals, clinics, and diagnostic centers. The country’s niche players in the hospital furniture market mainly focus on robust and cheaper distribution networks to identify and service small segments of the market. Invacare Corporation, Getinge, and STERIS Corporation are among the leading players in the Hospital Furniture Market globally.  

Acquisition and Mergers Drive the Major Players in Formulating their Key Strategies

Detailed comparative analysis of key competitors available within the Research Study shows that numerous companies such as Getinge, STERIS Corporation, HermanMiller, and others are highly focused on providing a significant number of hospital furniture solutions that can be used across multiple end-users. Furthermore, several companies and organizations are strategically opting for multiple acquisitions and mergers.

• In November 2021, Getinge, a global provider of healthcare products and systems designed acquired Verrix LLC., the California-based medical device company. With this, the company is looking forward to adding the new infection control technology to its customer offerings.
• In June 2021, STERIS Corporation an Irish-domiciled medical equipment company acquired Cantel Medical, a global provider of infection prevention products and services. This acquisition is likely to extend STERIS’s products and offerings to a global customer.

Increasing Government Initiatives, Strategies, and Investments in Hospital Furniture Market Growth.

• As per the Indian Union Budget 2022-23, US$ 675.72 million was allocated to the PM-ABHIM to strengthen India’s health infrastructure and to improve the country’s primary, secondary and tertiary care services. This is likely to boost demand for hospital furniture.
• The various initiatives and policies adopted by the Government of India, which is likely to boost the hospital furniture market during the forecast period. In July 2022, the World Bank approved a US$ 1 billion loan for India’s Pradhan Mantri - Ayushman Bharat Health Infrastructure Mission.

For More Information, refer to below link:-

Global Hospital Furniture Raw Material Suppliers

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3 Key Insights on Competitive Landscape in The Global Printer Market: Ken Research

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Regional Players Constitute ~50% of Competition Despite the Presence of ~100 Competitors Comprising Global and Country-Niche Players, finds a recent market study on the Global Printer Market by Ken Research

A printer is an electronic device that is used to print any document in hardcopy format, which is often used in residential, commercial, educational institutes, enterprises, government offices, and more. With the launch of the latest multi-functional printers, the single printer device is now able to perform a variety of tasks which include printing, photostatic copies, scanning, and Fax/telefax which is highly cost-effective for the users.

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

1. Regional Players Constitute ~50% of the Total Number of Competitors While Global Players Represent ~15%.

A comprehensive competitive analysis conducted during the Research Study found that the Global Printer Market is competitive with ~100 players, which include globally diversified players, regional players as well as a large number of country-niche players having their niche in the Printer market for specific segments and sub-segments. The regional players comprise ~50% and country-niche players comprise ~35% of competitors.

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2. The Rapid Investments in R&D and Continue Advancements in Cloud-Based Printing are Creating New Opportunities for the Global Printer Market.

Detailed comparative analysis of key competitors available within The Research Study shows that specialist players such as Brother Industries, HP Development Company, L.P, Konica Minolta Inc., Kyocera Corp., Lexmark International Inc., and more are providing Multifunctional Printer with Cloud-based Printing technology for various application purposes from commercial, residential, educational institutes as well as in Government Offices.  Cloud-based Printing means users are able to print the document from any device at any place, as those devices and printers have to be connected to the internet.

• In February 2020, Lexmark International Inc. launched a Cloud-based printing management solution in the market, the cloud-based technology helped Lexmark to reduce costs and provide an effortless and secure printing method for their customers.
• In April 2021, HP Development Company L.P. launched its cloud-based printing solution called HP+, which offers high productivity and enhanced security to deal with any unauthorized users on the cloud-based network.

3. Increased Government Initiatives in the Global Printer Market are creating new opportunities for the Companies in the Market

• In February 2022, the government of India released a strategy for 3D printing, according to the Ministry of Electronics and Information Technology (MEITY) of India this strategy will help India to become the global hub for design, development, and deployment in 3D printing.
• In July 2022, the National Institute of Standards and Technology (NIST) which is a physical sciences laboratory and a non-regulatory agency of the United States department of commerce, provides USD 3.7 million in support for the manufacturing small and medium-sized enterprises (SMEs) for promoting additive manufacturing also known as 3D Printing.

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

Global Printer Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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