Global Market Research Reports : Ken Research

Monday, October 17, 2022

3 Key Insights on US$ 65 Bn Opportunity in Global Medical Tourism Market: Ken Research

3 Key Insights on US$ 65 Bn Opportunity in Global Medical Tourism Market

Driven by various government policies and initiatives to ease medical tourism along with the availability of premium-quality treatment at comparatively low prices in developing countries, the Global Medical Tourism Market is Forecasted to reach nearly US$ 100 Bn by 2028 says Ken Research Study.

Medical tourism is the process of organized travel outside the country to avail medical care. Medical tourists travel across the countries to use low-cost healthcare treatments and facilities to maintain, improve, or restore their health.

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

1. Lack of Healthcare Insurance Coverage and Inadequate Insurance Benefits Encourage Market Growth

The rising demand for treatments that are not covered under insurance such as reproductive therapy, aesthetic surgery, dental reconstruction, gender reassignment surgery, and others coupled with rising awareness regarding medical tourism among patients to save cost, is anticipated to augment the growth of the Global Medical Tourism Market. Moreover, the lengthy waiting period for medical services in some countries is also attracting patients to seek medical treatment in different countries, especially in developing countries. However, difficulties associated with VISA approval, travel, availability of medical documents, and others may impede the growth of the market.

According to Ken Research estimates, the Global Medical Tourism Market – valued at around US$ 25 Bn in 2017 and estimated to reach nearly US$ 45 Bn by 2022 – is further expected to grow to around US$ 100 Bn opportunity by 2028.

2. High-Quality Treatment at Affordable Rates is Driving the Market Growth

The high prices of medical treatments in home countries are encouraging patients to travel to different countries to seek premium-quality treatment at comparatively low cost, which is likely to boost the demand for the market. The high-quality treatment can be easily availed at a lower cost, especially in developing countries like India, Thailand, Malaysia, and others. Cost savings and additional benefits offered to visitors namely cutting-edge technology, superior hospitality, individualized care, breakthrough medicines, and improved healthcare are some of the major factors driving the growth of the market.

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The below graph depicts the comparison of prices of Heart bypass (CABG) treatment in the USA and India.

3. Difficulty with Patient Follow-Up is the Most Significant Barrier to the Growth of the Market.

Follow-up care is necessary after every treatment but it is very difficult in the case of medical tourism. If the patient is back in his own country and in case of any complications post-surgery, it would be difficult to offer follow-up care as well as it will be very expensive. The rising concerns regarding the complications after surgery and difficulty in follow-up in the case of medical tourism may decrease the demand for the market. In addition, partial reimbursement for treatment in the case of medical tourism is also expected to hamper the growth of the Global Medical Tourism Market.

According to the Fortis Group of Hospitals in India, it receives around 2,800 to 3000 international patients in a month on an average basis. It is also observed that patients with shorter stays face difficulties in physically meeting the medical personnel in case of post-surgery complications and follow-ups.

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Key Topics Covered in the Report

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

Major Companies Profiled in the Report

Aditya Birla Health Services Ltd.
Apollo Hospitals Enterprise Ltd.
Fortis Healthcare
Asian Heart Institute
KPJ Healthcare Berhad
Nippon Telegraph and Telephone East Corporation
Samitivej PCL
Wooridul Spine Hospital
Seoul National University Hospital
Prince Court Medical Centre

Notable Emerging Companies Mentioned in the Report

Bangkok Hospital Group
Bumrungrad International Hospital
Livonta Global
Max Healthcare
Klinikum Medical Link

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

Private Hospitals Chains
Medical Tourism Service Providers
Medical Associations
Governmental Regulatory Bodies
Financial Institutions
Investors for Hospitals
Tourism Service Providers
Medical Equipment Manufacturers
Medical Researchers
Pharmaceutical Products Manufacturers
Hotel Chains Focused on Medical Tourists
Health-tech Companies

Period Captured in the Report

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

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

Global Medical Tourism Market

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Ankur Gupta, Head Marketing & Communications

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Sunday, October 16, 2022

3 Key Insights on Competitive Landscape in Global Reclaimed Rubber Market: Ken Research

Country-Niche Players Dominate the Reclaimed Rubber Market, Despite the Presence of ~200 Competitors Comprising a Significant Number of Global and Regional Players, finds a recent market study on the Global Reclaimed Rubber Market by Ken Research

Reclaimed rubber is a material manufactured from scrap or waste rubber, through the softening and plasticizing process. Reclaiming is a process in which scrap rubber waste is converted, using mechanical and chemical processes into a state in which it can be mixed, processed, and vulcanized again. Reclaimed rubber is used in tires, inner tubes, tire lining, retreading, belting, adhesives, mastics, footwear, sheeting, matting, belting, and others.

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

Country-Niche Players Held the Largest Market Share, Comprising 60% in terms of the Total Number of Competitors

Competitive Analysis by the research study found that the global reclaimed rubber market is moderately competitive with ~200 players which include country-niche players, regional players as well as a significant number of globally diversified players, deals in manufacturing and selling specific applications of reclaimed rubbers. The large global players even though comprise about 10% in terms of the number of companies, hold a significant portion of the market revenue share followed by country-niche players which account for a substantial chunk of the market revenue. Most of the players are having their headquarters in the Asia Pacific region.

Major Number of Players Deals in Specialist Business in Global Reclaimed Rubber Market. The Players Offer Product Such as Natural, EPDM, and Whole Tire Reclaimed Rubber.

Detailed comparative analysis of key competitors available within the research study reveals that players have a variety of reclaimed rubber products catering to various applications under the tire and non-tire application such as inner liners, inner tubes, adhesives, roofing, moulded goods, tire piles, conveyor belts, footwear, matting, and others. All leading competitors have a strong presence in the global reclaimed rubber market. Furthermore, several companies and organizations are aggressively investing in R&D to cater to the demand of end-users.

Increased Adoption Of Reclaimed Rubber Globally Leading To Major Industry-Wide Developments, Acquisitions, Collaborations

As per India’s Extended Producer Responsibility (EPR), after 2024-25, the EPR obligation will be 100% of the quantity of new tires manufactured/imported in the year.
BlackCycle project funded by Horizon 2020, officially launched in May 2020. The project aims to enable a massive circular economy of tires. The project will design world-first processes to make new tires from end-of-life tires.

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Reclaimed Rubber Material Supplier Companies

Global Biodegradable Plastics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028

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5 Key Insights on US$ 10 Bn Opportunity in Global Biodegradable Plastics Market: Ken Research

Driven by the rising consumption from various end-user industries such as packaging, automotive, electronics, and others, global Biodegradable Plastics Market is forecasted to Cross US$12 Bn by 2028 says Ken Research Study.

Biodegradable plastics are the type of plastics that can be broken down into water, carbon dioxide, and biomass by the action of living organisms, usually micro-organisms. Biodegradable plastics are typically made from renewable sources (such as sugarcane, castor beans, soy, corn, potatoes, and others), microbes, petrochemicals, or a combination of all three. Some biodegradable plastics are compostable, which means they decompose under controlled conditions such as those found in compost or anaerobic digestion locations.

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

1. Rising Awareness for Eco-Friendly Plastic Solutions and Reduction in the usage of Conventional Plastics provide Opportunity for the Market Growth.

According to Ken Research Analysis, the Global Biodegradable Plastics Market was valued at ~US$ 5 billion in 2017. It is estimated to be ~US$ 7 billion in 2022 and is forecasted to reach a market size of ~US$ 12 billion by 2028, growing at a CAGR of ~9%, due to the shifting consumer preference towards eco-friendly plastic solutions. Biodegradable plastics break down faster than conventional plastics. Biodegradable plastics degrade by 60% in less than 180 days, compared to traditional plastics which take about 1,000 years to decompose. Growing piles of garbage and landfills have become a major environmental disaster, with many negative impacts on ecosystem flora and fauna. Growing consumer awareness of these effects encourages the use of biodegradable plastics. Hence, this has shifted consumer preference towards using environmentally friendly plastic products, driving the biodegradable plastics market.

Furthermore, the stringent regulations by various governments and federal agencies with the objective to reduce plastic waste and promote biodegradable plastics usage in packaging are likely to boost the market demand during the forecast period. The regulations related to green packaging are increasing. With the increasing packaging waste generated worldwide, governments across the globe are adapting to alternative sources such as biodegradable packaging. As a result, various FMCG companies are required to adopt biodegradable packaging to comply with the standards, which in turn, is propelling the growth of the market.

For instance, in July 2020, the German government announced a ban on the sale of single-use plastic products such as cutlery, straws, food containers, and other similar products from July 2021 to minimize plastic waste across the country.

Such factors are estimated to impel the biodegradable plastics market growth, during the forecast period.

2. Increasing Consumption of Biodegradable Plastics in the Packaging Industry is Fuelling the Market Globally.

Biodegradable packaging is generally defined as any form of packaging that disintegrates and decomposes naturally. The market for biodegradable packaging in the beverage sector is anticipated to witness growth with the never-ending demand for bottled water and non-alcoholic beverages. According to the Environmental Audit Committee, an organization that examines the policies and programs on environment and sustainable development, stated an estimated 700,000 bottles are being littered every day in the UK alone, which indicates the severe need for biodegradable packaging solutions for beverages.

For instance, in 2021, No Evil Foods, a US-based food & beverages company, produced compostable packaging made by Kraftpak and printed with plant-based ink. Kraftpak is a biodegradable, unbleached carton board sealing with water-soluble adhesives.

The retailers in Europe, such as Rossmann, Aldi, Coop, and Carrefour, use single or multi-use carrier bags made from bioplastics, with the add-on bonus of biodegradability. The certified biodegradable cups are also used at big events and in major football stadiums across Europe.

According to European Bioplastics Association, the existing total production capacity of Bioplastics in 2021 was 2.4 Mn Tonnes, distributed across all major end-user segments, within which ~50% was from packaging industry.

3. High Price of Biodegradable Plastics as Compared to Conventional Plastics is the Major Challenge Faced by The Biodegradable Plastics Market

Higher prices of biodegradable plastics than that of conventional polymers hinder the market's growth in various application segments. Usually, the manufacturing cost of biodegradable plastics is 20-80% more than that of traditional plastics. This is attributed to the high polymerization cost of such plastics as the product is in the developing stage and therefore has not achieved economic viability.

For instance, biodegradable plastic such as Polyhydroxyalkanoates (PHA) has numerous applications in synthetic papers, binders, medical devices, food packaging, electronic parts, and agriculture that have high production costs, limited availability, and low yields. Polylactic acid (PLA) polymer is more economical than PHA, but still more costly than petroleum-based Polypropylene (PP) and Polyethylene (PE).

The price of biodegradable plastics varies from US$ 2/kg to US$ 6/kg compared with that of conventional plastics, which is approximately US$ 1/kg to US$ 2/kg. Higher production and R&D costs because of small-scale production and the substantial price variation in comparison to conventional petroleum-based plastics are the major factors that contribute to the low penetration of biodegradable plastics across various industries.

For More Information, refer to below link:-

Agriculture Biodegradable Plastics Market

Bioplastics & Biopolymers Market by Material Type(Regenerated Cellulose, Bio-polyethylene (Bio-PE), Starch Blends, Bio-Polyethylene Terephthalate (Bio-PET), Biodegradable Polyester, Polyhydroxyalkanoates (PHA), and Polylactic Acid (PLA)) and by Application (Agriculture, Consumer Products, Packaging, Automotive, Bottles, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2024

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3 Key Insights on Competitive Landscape in Global Biodegradable Plastics Market: Ken Research

Few Diverse Regional Players Dominate the Market despite the Presence of about ~300 Competitors Comprising a Large Number of Country-Niche Players and Global Players, finds a recent market study on the Global Biodegradable Plastics Market by Ken Research

Biodegradable plastics are the type of plastics that can be broken down into water, carbon dioxide, and biomass by the action of living organisms, usually micro-organisms. Biodegradable plastics are typically made from renewable sources, microbes, petrochemicals, or a combination of all three. Some biodegradable plastics are compostable, which means they decompose under controlled conditions such as those found in compost or anaerobic digestion locations.

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

Global Players Constitute ~15% of the Total Number of Competitors, While Regional Players Dominate Representing ~45% of Total Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the Global Biodegradable Plastics Market is competitive with ~300 players, including globally diversified players, regional players, and many country-niche players. The regional players comprise about 45% in terms of the number of companies followed by country-niche players with 40% of the total competitors.

Growing Acceptance of Biodegradable Plastics Consumption in the Automotive Industry and the Shift of the Packaging Industry towards Bio-based Materials are Expected to be the Primary Drivers of this Market

Detailed comparative analysis of key competitors available within the Research Study shows that major players such as BASF SE, Eastman Chemical Company,Mitsubishi Chemical Corporation, TotalEnergies Corbion, and others are highly focused on providing a significant number of biodegradable plastics products that can be used across multiple end-user industries, including building & construction, packaging, electrical & electronics, automotive, and more. Furthermore, several companies and organizations are aggressively focusing on acquisitions and mergers with specialized players for the development of techniques used in the manufacture of biodegradable plastic materials.

In July 2021, Solvay acquired the global coating business of Bayer AG, having facilities in France, Brazil, and the U.S. The acquisition strengthened the sustainable and bio-based solutions in the company’s portfolio. The whole product portfolio and research & development projects from Bayer AG have been shifted to Solvay.

In April 2021, NatureWorks announced a new strategic partnership with IMA Coffee, which is a market leader in coffee handling processing and packaging. The partnership aimed at increasing the market reach for high-performing compostable K-cup in North America.

In February 2020, BASF and Fabbri Group (Italy) formed a joint venture for the development of a sustainable solution for cling film used in fresh-food packaging. The film is used in wrapping meat, seafood, and fresh fruits & vegetables. The product is made by the Fabbri group with BASF's Ecovio bioplastic, which boosted the demand for biodegradable plastics in packaging applications.

Increased Government Initiatives and New Strategical Investments in the Polymers Industry Promoted Biodegradable Plastics Products Which Led to Major Industry-Wide Developments, Acquisitions, and Deal-Wins.

The Governments of many developed countries are committed to achieving zero plastic waste by establishing regulations and policies that drive the demand for biodegradable plastics. For instance,

In January 2022, the U.S. Department of Energy (DOE) announced USD 13.4 million in funding for next-generation plastics technologies that reduce the energy consumption and carbon emissions of single-use plastics.
In March 2022, the European Commission announced a suite of new proposals under the European Green Deal to make sustainable products the norm in the EU. Ecodesign for sustainable products regulation (ESPR) is one of the proposals, which is applicable to food contact articles and packaging.

Governments started providing funding to the companies involved in developing biodegradable plastics for reducing plastic waste in the country. For Instance, in August 2022, the Indian Union Government approved a Startup loan of USD 0.14 million to M/s TGP Bioplastics, a manufacturer of commercially viable biodegradable plastic grade for commercializing compostable plastics.

For More Information, refer to below link:-

Global Biodegradable Plastics Market Revenue

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Friday, October 14, 2022

3 Key Insights on Competitive Landscape in Global Cloud Computing Market: Ken Research

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3 Key Insights on Competitive Landscape in Global Cloud Computing Market: Ken Research

Global Cloud Computing Market is Highly Competitive with the Presence of about ~500 Competitors Comprising a Large Number of Country-Niche Players, Regional Players, and Global Players, finds a recent market study on Global Cloud Computing Market by Ken Research

Cloud Computing is the online delivery of IT resources on demand of consumer instead of buying, owning, and maintaining physical, and the payment of the resources are done on how much consumers consume. Cloud services can either be public or private, yet these are typically delivered by third parties through various endpoints like websites, application software, and mobile apps.

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

Country Niche Players Constitute ~60% of Total Number of Competitors, While Regional Companies Constitute ~30% of Competitors in 2021.

A comprehensive competitive analysis conducted during the Research Study found that the Global Cloud Computing 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 advancement in cloud-based solutions for multiple end-user industries. The major global cloud solution companies, including Microsoft, AWS, Salesforce, Oracle, SAP, Google, Workday, Adobe, IBM, Alibaba, VMware, and HPE are expected to maintain their leading positions during the forecast period. The country-niche players are more focused on R&D to find out the investor’s behavior towards the market and the partnership. Whereas some of the players who involve in creating cloud-based solutions get acquired by global players seeking to grow and diversify quickly.

Global Players' and Focused Organizations Ongoing Efforts to Provide Diverse Cloud Solutions to End-User Industries Are Driving Their Revenue Growth In This Market.

Detailed comparative analysis of key competitors available within the Research Study shows that many cloud-based service providers are indulging in partnership, acquisition, and product launches to expand the cloud market in various regions. Moreover, various companies are also investing in a cloud-based solution for growth perspective.

In November 2021, IBM Corporation introduced the IBM cloud for telecommunication with more than 35 partners that have committed to join IBM’s ecosystem to drive business transformation. This launch assisted telecommunication providers in addressing fast business change, special challenges to the highly regulated industry, and enhancing agility to leverage the power of 5G and edge computing.
In December 2020, Adobe acquired Workfront, an online work management software that connects people and works across the market. The acquisition aimed to give leading brands access to a single system to support planning, collaboration, and governance, to unlock organizational productivity.
In May 2021, Google Cloud launched Vertex AI, the latest managed machine learning platform. Vertex AI is designed to make it easier for developers to deploy and maintain their AI models. This latest product allows better deployments for a new generation of AI that would empower data scientists and engineers to do fulfilling and creative work.

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The Ongoing COVID-19 has noticeably contributed to the development of the Cloud Computing Market.

The outbreak of the COVID-19 pandemic impacted businesses drastically, stifling innovation, suppressing profitability, and drying up cash flow and financial reserves. IT and software development industries had been facing challenges due to this unforeseen outbreak.

Although all the outcry against COVID-19 has produced personal, professional, and community life, it also presented business opportunities. Thus, cloud computing solutions support teams in learning to collaborate, and businesses to adopt the remote working models. This scenario has propelled market growth in recent years. Multiple companies in different verticals have adopted the work-from-home model, driving up demand for Software-as-a-Service (SaaS)-based solutions. Moreover, Companies were also involved in new strategic development and product launches to retain their market share.

In March 2021, IBM released the IBM Cloud Satellite, an extension of the IBM Public Cloud. The IBM Public Cloud enabled its enterprise clients to launch consistent cloud services anywhere and in any environment across any cloud, on-premises, or at the edge.

The post-pandemic trends have enhanced the need for agility in how companies use smart technologies like mobile supercomputing, big data, IoT, and artificial intelligence. The Cloud Computing Market saw an increase in demand as businesses continued to move workloads from analog to digital formats.

Key Companies and Governments Focus on Promoting Cloud Computing as a part of Learning and Development Across Different Verticals.

In June 2020, Microsoft launched a global skilled initiative aimed at bringing more digital skills to 25 million people worldwide by the end of the year. This initiative brings together every part of the company, combining existing and new resources from LinkedIn, GitHub, and Microsoft.
In July 2020, Amazon Web Services (AWS) announced that seven higher education institutions in India will adopt cloud computing curricula from its AWS Educate initiative to help develop the next generation of cloud professionals. The cloud computing content will be offered as part of undergraduate degree and postgraduate diploma programs starting in September 2020.
In July 2022, ServiceNow, a business model based on providing products using SaaS cloud computing software, and Microsoft are aligned to help customers in the federal market move into private cloud, shared cloud, or trusted cloud offerings so they can realize the benefits and value of cloud services. Agencies can then accelerate key initiatives, such as security and zero trust while leveraging analytics and insights directly within their cloud instance.

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Key Topics Covered in the Report

Snapshot of Global Cloud Computing Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Cloud Computing Market
Historic Growth of Overall Global Cloud Computing Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of Global Cloud Computing Industry
Overview, Product Offerings, and SWOT Analysis of Key Competitors
Covid 19 Impact on the Overall Global Cloud Computing Market
Future Market Forecast and Growth Rates of the Total Global Cloud Computing Market and by Segments
Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
Analysis of Cloud Computing Market
Major Production / Consumption Hubs in the Major within Each Region
Major Production/Supply and Consumption/Demand Hubs within 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 Region

Leading Companies Mentioned in the Report

Microsoft Corporation
Amazon Web Services
Com, Inc.
Oracle Corporation
Systems, Application & Products in Data Processing
Google LLC
Workday Inc.
Adobe System Incorporation
International Business Machines
Alibaba Group Holding Limited
Virtual Machine Software
Hewlett Packard Enterprise

Notable Emerging Companies Mentioned in the Report

OutSystems
Onecloud
IntelePeer
Nodejitsu Inc.
Activestate
The cloud Connectors
Gogiro
Hexagon data
Power Host
IDESK
MCM Telecom

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

Cloud Computing Solution Companies
Cloud Computing Platform Companies
Potential Investors in Cloud Computing Companies
ML Solutions and Service Providers
Government Ministries and Departments of Information Technology
AI Solution Providers
Potential Investors for AI
Cloud-based Developers
Institutional Investors
Investors and Financial Community Professionals
Investment Funds
Cloud Computing Research Organizations
Research & Development Institutes
Cloud Computing Association

Time Period Captured in the Report

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

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

Global Cloud Computing Market: Ken Research

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5 Key Insights on US$ 1200 Bn Opportunity in Global Cloud Computing Market: Ken Research

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Driven by the integration of Big Data, Artificial Intelligence, and Machine Learning with cloud Spur the Market growth, the Global Cloud Computing Market is forecasted to Cross US$ 1200 Bn by 2028 says Ken Research Study.

Cloud Computing is the online delivery of IT resources on-demand to consumers instead of purchasing, owning, and maintaining physical, and the payment of the resources is done consumption basis. Cloud services can either be public or private, yet these are typically delivered by third parties through various endpoints like websites, application software, and mobile apps. It provides three types of services SaaS, PaaS, and IaaS, where SaaS is leading the market as it is delivered with a fully digitalized business experience and the lifecycle of a fully automated service, that is designed for any carrier-grade network.

According to Ken Research estimates, the Global Cloud Computing Market – which is estimated to be around US$ 450 Bn by 2022 and is expected to grow further into a more than US$ 1200 Bn opportunity by 2028 with a CAGR of ~15% - “Ken Research shares 5 key insights on this high opportunity market from its latest research study”

1. Cloud Computing Market is Driven by Active Embrace of this Technology by User Business Organizations and Introduction of New Cloud Solutions by Vendors.

Several businesses are embracing cloud computing services to develop and progress their existing business model by engaging in various growth strategies including partnerships, investments, alliances, and acquisitions. Cloud computing services also make it easier to track, compare, and evaluate business activities and make sure that corporate operations are by client requests. Many businesses are investing in big data, IoT, artificial intelligence, and 5G technologies to obtain important business insights for decision-making. There are many new opportunities for companies to progress as a result of the increasing demand for analytics and big data technologies in the cloud computing market.
Key vendors in the cloud computing market focus on introducing new cloud solutions, services, and workloads and upgrading of capabilities of their current offerings to strengthen their foothold in the market. To improve their market position and cloud capabilities, vendors often take part in mergers and acquisitions. In October 2020, SAP SE announced that it had reached a deal to buy Omni channel customer interaction platform vendor Emarsys. Through the purchase, SAP SE was able to integrate the Emarsys customer interaction platform with its Experience Management and S/4HANA technologies. SAP Customer Experience solutions would be able to activate the chosen channel of the customer with a pertinent and constantly tailored message thanks to Emarsys technology, linking commerce signals with the back office and allowing customers to select their interactions.

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2. The Adoption of Cloud Computing in India, China, Brazil, and Africa Account for the Growth of the Market.

The adoption of cloud-based solutions in developing economies such as India, China, Brazil, and Africa is expected to drive market growth in the near future. As developing economies, these countries require cost-effective infrastructural solutions due to a lack of adequate technologies and finance. By utilizing cloud solutions, developing nations have managed to reduce their IT expenditures during the COVID-19 pandemic situation. Organizations are fully able to utilize on-demand, scalable cloud models to achieve cost-effectiveness and business continuity to accelerate their aims for digital business transformation. In April 2022, China Internet Watch, a leading digital publication on China’s internet statistics, trends predicted that the cloud infrastructure services spend in 2021 in China was US$ 27 Bn, and it is expected to reach US$ 85 Bn by 2026

3. Critical Data Loss and Corporate Operations Being Damaged By Cyberattacks.

Cloud computing services assist businesses in increasing operational effectiveness and cutting expenses. Additionally, these services have several benefits, such as flexibility, scalability, and agility. The data stored in the cloud is highly exposed to breaches and leaks despite high-security precautions. The amount of data being produced is growing, and businesses are starting to take more steps toward digital transformation. Enterprise data is exposed to risk from cyberattacks like Spectre, Meltdown, cloud malware injection assaults, account or service hijacking, and man-in-the-cloud attacks. Threats like these pose a severe challenge for market growth.
In August 2021, Deloitte Risk & Financial Advisory acquired thecybersecurity firm, to increase cyber resilience and regulatory compliance.
In 2022, Vendor Teradata the popular Relational Database Management System mainly suitable for building large-scale data warehousing applications, conducted a cloud analytics survey that reveals that 46% of those reviewed signified more security with no cloud computing challenge.

4. The Hybrid Cloud Segment is the most Preferable Cloud Deployment Model During the Forecast Period.

The hybrid model has been the widely used organized approach across major industries. Hybrid cloud models are increasingly being prioritized by many companies to maximize advantages while enhancing company operations, resource consumption, cost-effectiveness, user experience, and application modernization.
Hybrid cloud solutions help organizations avoid making efficiency-related security concessions by distributing an application, data processing, and computing to external clouds while retaining key workloads on-premises.
In May 2022, IBM joined hands with Amazon Web Services, a subsidiary of Amazon that provides on-demand cloud computing platforms. The company focused on offering a broad array of its software catalog as Software-as-a-Service (SaaS). Through this collaboration, IBM aims to provide the ability to choose the hybrid cloud model that works best for their own needs and workloads.

5. North America’s Early Adoption of Next-generation Cloud Technologies is Responsible for its Dominant Share in the Market.

North America dominated the global cloud computing market due to the rising adoption of cloud solutions from various end-user industries to facilitate the cloud computing market growth in this region over the forecast period. Companies in the USA place a strong emphasis on digital transformation and are frequently regarded as early adopters of next-generation technologies such as the IoT, additive manufacturing, big data analytics, connected industries, AI, AR, ML, and VR, as well as the latest telecommunication technologies such as 5G, and Wi-Fi 6. The ongoing use of cutting-edge technology by businesses in the USA bodes well for growth. The presence of numerous vendors such as Microsoft Corporation, Oracle Corporation, Amazon.com Inc., and IBM Corporation and the higher propensity to adopt new technologies are expected to help this region maintain its position in the market.
In February 2022, AWS and Rackspace Technology have jointly launched over 1,000 cloud projects enabling clients to fundamentally change how their businesses work. This agreement continues the commitment of both companies together to provide a full stack of cloud services to assist customers with becoming cloud-first businesses to accelerate their digital transformation, innovate faster and create value.

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Key Topics Covered in the Report

Snapshot of Global Cloud Computing Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Cloud Computing Market
Historic Growth of Overall Global Cloud Computing Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of Global Cloud Computing Industry
Overview, Product Offerings, and SWOT Analysis of Key Competitors
Covid 19 Impact on the Overall Global Cloud Computing Market
Future Market Forecast and Growth Rates of the Total Global Cloud Computing Market and by Segments
Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
Analysis of Cloud Computing Market
Major Production / Consumption Hubs in the Major within Each Region
Major Production/Supply and Consumption/Demand Hubs within 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 Region

Leading Companies Mentioned in the Report

Microsoft Corporation
Amazon Web Services
Com, Inc.
Oracle Corporation
Systems, Application & Products in Data Processing
Google LLC
Workday Inc.
Adobe System Incorporation
International Business Machines
Alibaba Group Holding Limited
Virtual Machine Software
Hewlett Packard Enterprise

Notable Emerging Companies Mentioned in the Report

OutSystems
Onecloud
IntelePeer
Nodejitsu Inc.
Activestate
The cloud Connectors
Gogiro
Hexagon data
Power Host
IDESK
MCM Telecom

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

Cloud Computing Solution Companies
Cloud Computing Platform Companies
Potential Investors in Cloud Computing Companies
ML Solutions and Service Providers
Government Ministries and Departments of Information Technology
AI Solution Providers
Potential Investors for AI
Cloud-based Developers
Institutional Investors
Investors and Financial Community Professionals
Investment Funds
Cloud Computing Research Organizations
Research & Development Institutes
Cloud Computing Association

Time Period Captured in the Report

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

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

Global Cloud Computing Market: Ken Research

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Ankur Gupta, Head Marketing & Communications

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3 Key Insights on Competitive Landscape in the Global UV LED Market: Ken Research

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Country Niche Players constitute 65% of the Competition, Despite the Presence of about ~500 Competitors Comprising a Large Number of Country-Niche Players, Regional Players, and, Global Players, finds a recent market study on the Global UV LED Market by Ken Research.

UV LEDs are LEDs that emit UV rays and can be used for a variety of applications including DNA gel, spectroscopy, environmental monitoring, banknote identification, disinfection and sterilization, and more. Furthermore, they have a longer operating life and are less hazardous to the environment than traditional mercury UV lamps.

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

Global Players Constitute ~10% of the Total Number of Competitors, While Country Niche Players Dominate Representing ~65% of Total Competitors.

A comprehensive competitive analysis conducted during The Research Study found that the Global UV LED 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 advancements in LED lightening technology, such as DC LED chips, and Li-Fi for variety of applications. The majority of the top global electronics companies, including Koninklijke Philips N.V., Nichia Corporation, Nordson Corporation, and Phoseon Technology, maintained their leading positions in the forecasted period. The majority of players are actively focusing on advancements in UV LEDs technology, including:

Advances in the packaging technologies of deep ultraviolet light-emitting diodes (UV LEDs) based on aluminum gallium nitride (AlGaN) to inactivate viruses, notably COVID-19.
Furthermore, the development of UVC LEDs for UV curing is also being pursued by numerous LED semiconductor manufacturers, including ProPhotonix, Excelitas Technologies Corp., Trymax Semiconductor B.V., LED Engin, Inc., and more.

The evolution of deep-UV LEDs has prompted semiconductor manufacturers to intervene, and the need to advance water purification technology through light is steadily increasing due to rising individual concerns regarding water-borne diseases.

Country-Niche Players' and Organizations' Ongoing Efforts to Provide Pharmaceutical Analytical and Bioanalytical Solutions to End-User Industries, Particularly Following the Global Outbreak of the COVID-19 Pandemic, Are Driving Revenue Growth in This Market.

Detailed comparative analysis of key competitors available within the Research Study shows that numerous electronics and semiconductor companies such as Koninklijke Philips N.V., Nichia Corporation, Nordson Corporation, Sensor Electronics Technology, and more are actively focusing on providing a significant number of disinfecting/purifying solutions with advanced technologies that can be used across end-user industries to help in killing viruses and bacteria. Furthermore, numerous companies and organizations are aggressively investing in advanced computation, data analytics, and increased R&D activities.

In September 2022, Nichia, a Japanese chemical company, unveiled a new high radiant flux UV-C LED to aid in the inactivation and sterilization of multiple microbes in industrial water and air applications.

In October 2020, Signify, formerly known as Philips Lighting N.V., a Netherland-based company that offers connected LED lighting systems, software, and services launched a residential UV-C tabletop lamp in Asia and the Middle East. The lamp directs UV-C radiation upwards to disinfect the air that circulates between the fixtures and the ceiling.

Increasing Government Energy-Saving Policies and Strategies, along with Rising Investments in Water Infrastructure, Particularly Following the Outbreak of the Covid-19 Pandemic, are Propelling the UV LED Market Growth.

Prior to the COVID-19 pandemic, government-led investment and involvement in water infrastructure, and energy-saving were limited worldwide, with the industry relying primarily on private funding. The pandemic led governments to concede that the structure needed to be changed. Since 2020, several governments across countries have raised funds for clean energy infrastructure to promote clean water and energy-resilient infrastructure that embraces public health. Furthermore, the ongoing COVID-19 pandemic has emphasized the need to develop and demonstrate advanced disinfection technologies, such as UV LEDs for disinfecting or inactivating pathogenic microorganisms, such as viruses, which in turn push governments to take action on implementing the utilization of UV LEDs for to prevent the spread of infections.

For instance, according to the study conducted by U.S. Food and Drug Administration (US FDA), a U.S. federal agency, on UV Lights and Lamps in 2021, UVC radiation has been confirmed to dismantle the outer protein coating of the SARS-Coronavirus, which, in turn, eventually results in virus inactivation.
In June 2021, the Canadian government proposed an interim order (IO) under the Pest Control Products Act supporting ultraviolet radiation-emitting devices and ozone-generating devices. In addition, the IO applies to devices used to control, destroy, inactive, or lower the level of human pathogen bacteria, viruses, and other microorganisms.
In April 2020, Defence Research and Development Organization (DRDO), an Indian government agency, introduced two new products named ‘Automatic Mist Based Sanitizer Dispensing Unit, and ‘UV Sanitization Box and Hand-Held UV Device’ to enable the Covid-19 disinfection process in public places.
In April 2020, the National Health Commission (NHC), a Chinese government department, issued a guideline mandating all public transportation buses in China to disinfect their interiors and exteriors with UV-C light.

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

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

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Ankur Gupta, Head Marketing & Communications

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