Monday, February 20, 2023

Global Polyurethane Industry is expected to reach a revenue of US$ 100 Bn by 2028: Ken Research

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Global Polyurethane Market BY Geography

The Global Polyurethane market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America accounts for the largest share among all regions within the Global Polyurethane market in 2022. The Asia Pacific accounts for the largest share among all Regions within the total Global Polyurethane market in 2022.

China is investing trillions of USD in infrastructure, a stimulus that may help the second-largest economy in the world far beyond the doom of Covid lockdowns and volatile real estate markets in 2022. The government of Beijing, China will release 6.8 trillion yuan (about US$1 trillion) for construction projects in 2022, which is expected to stimulate the growth of the polyurethane industry shortly.

Competition Scenario In Global Polyurethane Market

The Polyurethane market is highly competitive with ~250 players which include globally diversified players, regional players as well as a large number of country-niche players. Most of the country-niche players are providers of foam-based products and suppliers of raw materials.

Large global players control about 40% of the market, while regional players hold the second largest share. Some of the major players in the market include BASF, The Dow Chemical Company, Convestro AG, Yantai Wanhua Polyurethanes Co. Ltd., Huntsman, Mitsui Chemicals and SKC Polyurethanes, Inoac Corporation, Rogers Corporation, Tosoh Corporation, Saint- Goblin SA and among others.

The leading global specialist companies such as Foamcraft Inc and Laxness are highly focused on providing a significant number of polyurethane products that can be used across multiple industries, including furniture, building and constriction, and many more.

What is the Expected Future Outlook for the Overall Global Polyurethane Market Across the globe?

The Global Polyurethane market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Polyurethane market is driven by rising building insulation demand brought on by environmental concerns. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries. With the increasing investments and emergence of new products, the Global Polyurethane market is changing rapidly. For instance, to fulfil the growing demand for Polyurethane Dispersions (PUDs) and elastomers, materials firm Covestro started construction on two new factories in Shanghai in July 2022. These new facilities will be situated within the Covestro Integrated Site Shanghai and represent a combined investment of mid-double-digit million euros. The largest Covestro production location now has a larger footprint, thanks to new plants.

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Furthermore, In July 20, 2022, Huntsman Corporation stated that a new methylene diphenyl diisocyanate (MDI) splitter at its Geismar plant in Louisiana has started operating in a commercial capacity. Huntsman can now generate more high-value, distinctive grades from the crude MDI produced at the facility thanks to the USD$180 million splitter, enabling expansion in important client applications.

global-polyurethane-market

In January 2020, BASF announced a single-digit million-euro investment in the capacity expansion of water-based polyurethane dispersions at its Castellbisbal location in Spain. BASF has also been investing in the development of the polyurethane dispersion business in Europe. BASF's production capacity will rise by 30% as a result of the expansion.

The Global Polyurethane Market is forecasted to continue at a steady growth rate that it has been witnessing since 2017, primarily driven by the unique physical characteristics of polyurethane, including versatility, strength-to-weight ratio, insulating capabilities, durability, and adaptability. Though the market is highly competitive with over 500 participants, few global players control the dominant share and regional players also hold a significant share.

Market Taxonomy

By Product

  • Rigid Foam
  • Flexible Foam
  • Molded Foam
  • Elastomers
  • Adhesives & Sealants
  • Coatings
  • Others

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By Raw Material

  • Polyol
  • Methylene Diphenyl Diisocyanate (MDI)
  • Toluene Diisocyanate (TDI)
  • Others

By End User

  • Furniture & Interiors
  • Mattresses/ Bedding
  • Building and Construction
  • Electronics and Appliances
  • Automotive
  • Footwear
  • Packaging
  • Others

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)
  • LAMEA (Latin America, Middle East, Africa)

For more insights on the market intelligence, refer to below link:-

Global Polyurethane Market

Sunday, February 19, 2023

Global Polyurethane Market is expected to record a positive CAGR of ~5% during the forecast period 2022-2028: Ken Research

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What is the Size of Global Polyurethane Industry?

Global Polyurethane market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Polyurethane Market is largely driven by rising building insulation demand brought on by environmental concerns.

Due to the material's availability in a variety of forms, including rigid, flexible, coatings, adhesives, sealants, and elastomers, polyurethane sells through a network of well-established end markets. Another factor contributing to the possibility of continued market expansion is the consumer market's interest in sustainability.

Environmental awareness has accelerated manufacturers' move to raw materials and production techniques that are viewed as eco-friendlier and more sustainable than alternatives, which is influencing consumers' changing purchasing habits.

The global construction sector is positioned to be a catalyst for COVID recovery and economic growth. The pace attained by the sector during the post-covid recovery phase helped boost the market of PU products. Many significant suppliers, along with emerging companies and startups, started delivering bio-based/recycled alternatives for Polyurethane feedstock.

Global Polyurethane Market By Product

The Global Polyurethane market is segmented by Product into Rigid Foam, Flexible Foam, Molded Foam, Elastomers, Adhesives & Sealants, Coatings and Others. Rigid Foam segment holds the largest share of the Global Polyurethane Market in 2022 due to its durability, energy savings, moisture management, and insulating characteristics. Polyether or polyester polyols can be used to create flexible polyurethane foam slab stock. They have porous constructions, smaller bulk densities, and larger sag factors. Major application areas of flexible polyurethane foams are mattresses, acoustic dampers, and seat cushions.

global-polyurethane-market

Global Polyurethane Market By Raw Material

The Global Polyurethane Market is segmented by Raw Material into Polyol, Methylene Diphenyl Diisocyanate (MDI), Toluene Diisocyanate (TDI) and Others. The polyol segment is likely to hold the highest market share during the forecast period in Global Polyurethane Market in 2022.

When the required polyurethane is going to be used to create flexible foams or thermoset elastomers, various polyether polyols, such as polyethylene glycol, polypropylene glycol, and polytetramethylene glycol, are generally used.

The major product that TDI produces is flexible polyurethane foam, which is utilized in a variety of common items like furniture, bedding, carpet underlay, and packaging. Some paints, sealants, adhesives, and elastomers are also made using TDI.

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Global Polyurethane Market By End-User

The Global Polyurethane market is segmented by End-User into Furniture & Interiors, Mattresses/ Bedding, Building and Construction, Electronics and Appliances, Automotive, Footwear, Packaging and Others. The Building and Construction segment holds the largest market share in the Global Polyurethane Market in 2022 as high-performance items that operate well, are robust but lightweight, durable, and versatile are made with polyurethanes. Polyurethane is commonly used in building and construction Raw Materials due to its great strength-to-weight ratio, insulating characteristics, durability, and adaptability.

Market Taxonomy

By Product

  • Rigid Foam
  • Flexible Foam
  • Molded Foam
  • Elastomers
  • Adhesives & Sealants
  • Coatings
  • Others

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By Raw Material

  • Polyol
  • Methylene Diphenyl Diisocyanate (MDI)
  • Toluene Diisocyanate (TDI)
  • Others

By End User

  • Furniture & Interiors
  • Mattresses/ Bedding
  • Building and Construction
  • Electronics and Appliances
  • Automotive
  • Footwear
  • Packaging
  • Others

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia Pacific (China, Japan, South Korea, India, Indonesia, Australia, Rest of Asia Pacific)
  • LAMEA (Latin America, Middle East, Africa)

For more insights on the market intelligence, refer to below link:-

Global Polyurethane Market

The China Cyber Security is expected to generate CNY ~Bn by 2027F owning to growing IT sector, government regulations and technological development: Ken Research

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China Cyber Security Market is at growing stage and has moderately fragmented market with more than 15 players in the market that adopt strategic initiatives such as partnerships, investments, and new product offerings due to increasing awareness regarding mobility security among enterprises. Palo Alto Networks, Threat Book and IBM Corporation are few of the top players in market.

  • The Ministry of Industry and Information Technology (MIIT) mandated that significant industries like telecommunications allocate 10% of their IT upgrade budget to cybersecurity by 2023.
  • Beijing is encouraging the development of increasing demand for goods and technologies such as data security monitoring and artificial intelligence-powered (AI) threat detection.
  • The government anticipates the industry to be valued at more than $ 38.6 Bn by 2023 by encouraging the development of an increasing demand for goods and technologies, including data security monitoring and AI threat detection.

Rising Popularity of Cybersecurity Solutions: The cloud segment is expected to hold the highest CAGR during the forecast period. The growth is owing to the increasing demand for applications to store and secure data with enhanced security techniques. Also, players in the market are developing advanced cloud-based security solutions by partnering and collaborating with other key players. Furthermore, the on-premise segment is expected to grow considerably due to the rising demand for managed security services.

China’s Regulation of Cybersecurity: Cybersecurity is becoming more closely associated in China with national security, state sovereignty, and other factors. In an effort to catch up to its counterparts abroad, particularly those in the US and the EU, as well as to improve the country's overall security and defense capabilities, the Chinese government is implementing a variety of regulatory measures that place a strong emphasis on network security. Beijing's three-year cyber defense strategy will fortify its digital assets in addition to having a three-year cybersecurity plan as part of its drive for a resilient digital economy.

Increase in Adoption of Internet and AI: As e-commerce platforms have grown in popularity and new technologies like blockchain, cloud computing, and artificial intelligence have been developed, internet security solutions have become more sophisticated for connected network design. The market for cyber security will be driven by the integration of network security solutions into it and electronic security systems. As these technologies are used more frequently, network security solutions will become less necessary.

Analysts at Ken Research in their latest publication China Cyber Security Market Outlook to 2027F- Segmented by Component (Hardware, Software and Services), By Security (Network, Endpoint, Application and Cloud Security), By Deployment Type (On-Premise and Cloud), By Organization Size (Medium, Small and Large Enterprise) and by Industry (BFSI, Government Sector, IT, Telecom, E-Commerce, Healthcare and Retail) observed that Cyber Security Market in China is at growing stage. The high number of smartphone users, cybersecurity tools, China’s regulations with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at an ~% CAGR during 2022-2027F.

Key Segments Covered in the report

China Cyber Security Market

By Component

Hardware

Software

Services

By Security

Network Security

Endpoint Security

Application Security

Cloud Security

Others

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By Deployment Type

On-Premise

Cloud

By Region

Northern

Western

Eastern

Central

Southern

By Organization Size

Medium and Small Enterprises

Large Enterprises

By Industry

BFSI

Government Sector

IT

Telecom

E-Commerce

Healthcare

Retail

Others

Key Target Audience:

Technology Companies

Cybersecurity Companies

Banking and Financial Institutions

Cybersecurity Service Providers

Government Agencies

Cybersecurity Consultants

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Time Period Captured in the Report:

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022-2027F

Companies Covered:

Cagemini SE

CISCO Corp.

CSC Corp.

DELL (SecureWorks Inc.)

IBM Corp.

Intel Corp.

Lockheed Martin Corp.

Palo Alto Networks

Symantec Corp.

Threat Book

QI-ANXIN Technology Group Inc.

Beijing Chaitin Future Technology Co., Ltd

Key Topics Covered in the Report:

China Cybersecurity Market Overview and Genesis

China Cybersecurity Market Size, 2022

China Cybersecurity Market Segmentations, 2022

Demand Analysis of China Cybersecurity Market

Porter’s Five Analysis, Growth Drivers and Trends in China Cybersecurity Market

Challenges, government regulation and impact of covid on China Cybersecurity Market

Future Outlook and Market Size for China Cybersecurity Market, 2022-2027F

Market Segmentations for China Cybersecurity Market, 2022-2027F

Competitive scenario for China Cybersecurity Market

Analyst Recommendations and Industry Speaks

For more insights on the market intelligence, refer to below link:-

China Cyber Security Market

Related Reports By Ken Research:-

Australia Cyber Security Market Outlook to 2027F

Indonesia Cyber Security Market Outlook to 2027F

Transaction Data, Improved Internet Services, Cyber Attacks and Blockchain Cybersecurity have fueled the Cyber Security Market for China: Ken Research

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Focus on investment in cyber security, cyber-attacks, digital economy and cybersecurity regulatory system are major factor contributing towards development of cyber security market in China.

Expansion of Internet Coverage and Speed: With the help of the Internet China Project, 95% of urban residents would have access to managed high-speed broadband networks. The State Council of China also intends to spend an additional $22 Bn on upgrading broadband network infrastructure in the nation's rural districts. An estimated 30 million households and 50,000 communities would receive better internet access because to this investment, which is its main goal.

Introduction of Blockchain Cybersecurity: The basics of peer-to-peer security are used by blockchain technology, which is based on the identification of the two participants to a transaction. As a result, the market has many potentials for growth. A security system employed by a firm can use distributed public key infrastructure with the aid of blockchain technology to authenticate users and devices. A strong authenticated verification mechanism has been put up using blockchain technology and AI to fend off any cyber assaults.

Increased phishing and Malware Threats Among Businesses: The ability of cybercrimes to infiltrate, take control of, and harm entire electronic information networks has substantially risen thanks to malware such as viruses and trojan horses. Malware is a tool used by cybercriminals to seize control of hardware or software in order to steal money from consumers, delete confidential data, or carry out other nefarious or dishonest operations. These elements together fuel the expansion of cyber security.

High cost for SMEs and lack of cybersecurity experts: Attackers access data belonging to a business, organization, or government using cutting-edge techniques. Because many businesses have made insufficient investments in security infrastructures due to a lack of professional knowledge of complex cyber threats, they have suffered significant losses and the expansion of the cybersecurity industry. Additionally, the high cost of establishing and maintaining internet security solutions and services prevents small and medium-sized businesses from utilizing them, which in turn limits the expansion of the cyber security insurance sector.

Analysts at Ken Research in their latest publication China Cyber Security Market Outlook to 2027F- Segmented by Component (Hardware, Software and Services), By Security (Network, Endpoint, Application and Cloud Security), By Deployment Type (On-Premise and Cloud), By Organization Size (Medium, Small and Large Enterprise) and by Industry (BFSI, Government Sector, IT, Telecom, E-Commerce, Healthcare and Retail) observed that Cyber Security Market in China is at growing stage. The high number of smartphone users, cybersecurity tools, China’s regulations with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at an ~% CAGR during 2022-2027F.

Key Segments Covered in the report

China Cyber Security Market

By Component

Hardware

Software

Services

By Security

Network Security

Endpoint Security

Application Security

Cloud Security

Others

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By Deployment Type

On-Premise

Cloud

By Region

Northern

Western

Eastern

Central

Southern

By Organization Size

Medium and Small Enterprises

Large Enterprises

By Industry

BFSI

Government Sector

IT

Telecom

E-Commerce

Healthcare

Retail

Others

Key Target Audience:

Technology Companies

Cybersecurity Companies

Banking and Financial Institutions

Cybersecurity Service Providers

Government Agencies

Cybersecurity Consultants

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Time Period Captured in the Report:

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022-2027F

Companies Covered:

Cagemini SE

CISCO Corp.

CSC Corp.

DELL (SecureWorks Inc.)

IBM Corp.

Intel Corp.

Lockheed Martin Corp.

Palo Alto Networks

Symantec Corp.

Threat Book

QI-ANXIN Technology Group Inc.

Beijing Chaitin Future Technology Co., Ltd

Key Topics Covered in the Report:

China Cybersecurity Market Overview and Genesis

China Cybersecurity Market Size, 2022

China Cybersecurity Market Segmentations, 2022

Demand Analysis of China Cybersecurity Market

Porter’s Five Analysis, Growth Drivers and Trends in China Cybersecurity Market

Challenges, government regulation and impact of covid on China Cybersecurity Market

Future Outlook and Market Size for China Cybersecurity Market, 2022-2027F

Market Segmentations for China Cybersecurity Market, 2022-2027F

Competitive scenario for China Cybersecurity Market

Analyst Recommendations and Industry Speaks

For more insights on the market intelligence, refer to below link:-

China Cyber Security Market

Related Reports By Ken Research:-

Australia Cyber Security Market Outlook to 2027F

Indonesia Cyber Security Market Outlook to 2027F

Global Network as a Service Market is reaching revenue of ~US$ 50 Bn by 2028: Ken Research

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Global Network As A Service Market by geography

The Global Network as a Service market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America accounts for the largest share among all regions within the global Network as a Service market, accounting for total market revenue.

The increase in demand for Network as a Service in Canada is growing mainly due to its new product roll-outs, acquisitions, mergers, and partnerships, which are changing the market in North America overall. The presence of a large number of service providers offering network services is also anticipated to drive regional growth over the forecast period.

The second largest region is Europe. Several collaboration initiatives taking place in the nation are contributing to the growth of NaaS platforms and product innovation. In February 2021, Packet Fabric and Colt Technology Services of the UK announced a strategic relationship to directly integrate Colts on Demand with Packet Fabric’s Network as a Service (NaaS) infrastructure. This will provide real-time network access to 100 prestigious data center sites around Europe, which will be advantageous to Packet Fabric’s business clients.

Competition Scenario in Global Network As A Service Market

The Global NaaS market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in a cloud-based solution, and technologies. The NaaS market's growth is heavily reliant on technological advancement and Software investment. Nowadays, numerous cloud-based companies, including Rackspace, Verizon, Cisco, and Juniper are investing in NaaS, and governments are also making significant investments in NaaS.

Country-Niche players constitute about ~65% of the competitors, while global players constitute ~5%. Some of the major players in the market include Rackspace, Verizon, Cisco, AT&T, Aryaka Networks, Juniper Networks, NEC Corporation, VMware, Telefonica, Cloud flare, Ciena Corporation, Wipro, and among others.

What is the Expected Future Outlook for the Overall Global Network As A Service Market Across the globe?

The Global Network as a Service market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

Global Network as a Service Market Revenue

The Global Network as a Service market is driven by increase in investment in advanced technology and collaboration in a cloud computing network. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries. With the increasing innovation and emergence of new products, the Global Network as a Service market is changing rapidly. For instance, In June 2021, AT&T introduced Cisco Webex Calling.

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AT&T Business offers Webex Calling with AT&T Enterprise to Cisco's Unified Communications Manager - Cloud (UCMC). It will support businesses in increasing digitization and process optimization. UCMC will increase reliability and effectiveness for all users of Webex Calling with AT&T-Enterprise. Furthermore, In March 2021, Verizon introduced NaaS. This new SDN and NFV solution allow businesses to switch to a virtual infrastructure paradigm, resulting in more agility and on-demand resources.

In December 2021, Aryaka Networks introduced an "all-in-one" SD-WAN and SASE solution for diverse businesses. This decision has helped to increase company flexibility and accelerate cloud adoption.

The Global NaaS Market is forecasted to continue an exponential growth that is witnessed since 2017, during the forecast period is also, primarily driven by rising demand due to increasing digital transformation through data and networking technologies, such as IoT, blockchain, cognitive, and advanced analytics intensifies the adoption of connectivity advances in various industry. Though the market is highly competitive with over 500 participants, few global players control the dominant share, and regional players also hold a significant share.

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Market Taxonomy

By Type

  • WAN
  • LAN
  • Bandwidth on Demand
  • Data Connectivity Center

By Application

  • Virtual Private Network
  • Content Delivery Network
  • Cloud Service Provider
  • UCaaS/ Video Conferencing
  • Integrated network security as a service

By Enterprises

  • SMEs
  • Large enterprises

By End-User

  • Banking, Financial, Services, and Insurance
  • Manufacturing
  • Retail and eCommerce
  • Healthcare
  • Education
  • Software and Technology
  • Media and Entertainment
  • Government
  • Others

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Spain)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific)
  • Latin America, Middle East and Africa (LAMEA)

For more insights on the market intelligence, refer to below link:-

Global Network as a Service Market

The Spain Pet Insurance Market is expected to contribute ~ EUR 150 Mn owing to the adoption of advance technology and Government Policies: Ken Research

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Spain Pet Insurance Market is at a growing stage and is a consolidated market with about 5-6 major players capturing large portion of the market. Mapfre is the market leader. The players are competing on the basis of Animals Covered, Coverage Type, % of claim provided, network and Average premium charged.

  • In 2019, Spanish households spent 3,721 million euros on products and services for pets.
  • The number of dogs and cats living in Spain already exceeds 20 million.
  • Spaniards spend an average of 1,260 euros a year on their pets in 2019, 7.3% more than 2 years ago. That is, €823 in food, €353 in veterinary expenses and €83 in accessories and toys.

Adoption of New Advance Technology: Embedding advance technologies like Artificial Intelligence (AI) within the underwriting process, as it can compare pet activity data with benchmarks of similar breeds and combines them with rating information from industry sources, which enables them to accurately price an individual pet at the time of quoting. For settling claims, it can predict an accurate reserve based on the type of illness, or even predict a possible customer churn giving insurers the digital advantage to streamline operations, improve customer experience and reduce cost across both these business functions. It can also automate and improve claims processing. It can enhance customer interactions and provides more personalized and accurate information. Furthermore, machine learning allows software to study behavioral analytics and customer data to make more accurate decisions on whether a claim is genuine or not.

Increase in Online Presence: Young people who prefer buying online contracts demand this type of service and the ease of purchase. Insurers and brokers are increasingly streamlining the contract processes and trying to invest more resources to make everything easier in the future for the pet owners.

Spain’s new Animal Protection Law: The new Animal Protection Law includes a number of general obligations such as keeping pets integrated within the family unit, well-groomed and washed, preventing uncontrolled breeding, never keeping pets alone inside vehicles and abandoning of pets. These rules are expected to bring pets closer to their owners in Spain.

Analysts at Ken Research in their latest publication Spain Pet Insurance Market Outlook to 2027F- Driven by rising pet population, increased 'humanization' of pets and awareness of pet health in Spain by Ken Research observed that Pet Insurance market is an emerging insurance market in Spain which is currently at a growing stage after the pandemic. The Spain’s new Animal Protection Law and Growing Humanization of Pets are expected to contribute to the market growth over the forecast period. The market is expected to grow at a 11.6% CAGR during 2022-2027F owing to Increase in Online Presence, Civil Liability and new government policies.

spain-pet-insurance-market

Key Segments Covered in the report:-

Spain Pet Insurance Market

By Policy Type

Pet Liability Insurance

Pet Veterinary Insurance

Others

By Type of Animal

Dog

Cat

Others

By Sales Channel

Direct

Agents

Brokers

Bancassurance

By Veterinary Insurance Coverage Type

Accidental only

General health (accident + illness)

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By Insurance Type

House Insurance

Stand-alone Policy

Key Target Audience

Private Insurance Providers

Public Insurance Providers

Insurance Agency

Bancassurance

Brokers

Related Government Agencies

New Entrants

Time Period Captured in the Report:-

Historical Period: 2017-2022

Base Year: 2022

Forecast Period: 2022-2027F

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Companies Covered:-

Mapfre

SantéVet

Asisa

Caser

Santa Lucía

Pet Plan

Barkibu

Mascota Y Salud

Key Topics Covered in the Report:-

Spain Pet Insurance Market Overview

Business Cycle and Genesis of Spain Pet Insurance Market

Ecosystem and Value Chain of Spain Pet Insurance Market

Spain Pet Insurance Market Size, 2017-2027F

Market Segmentation of Spain Pet Insurance Market

SWOT Analysis and Growth Drivers of Spain Pet Insurance Market

Challenges and Impact of Covid in the Spain Pet Insurance Market

Trends and Developments in Spain Pet Insurance Market

Cross Comparison of Major Players in Spain Pet Insurance Market

Future Outlook of Spain Pet Insurance Market

Analyst Recommendation

For more insights on the market intelligence, refer to below link:-

Spain Pet Insurance Market

Related Reports by Ken Research:-

Sweden Pet Insurance Market Outlook 2027F

UK Pet Insurance Market Outlook to 2027F

Friday, February 17, 2023

Global Network as a Service Market is expected to witness a rapid CAGR of ~30% during the forecast period (2022-2028): Ken Research

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What Is the Size of Global Network As A Service Industry?

Global Network as a Service market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Network as a Service Market is largely driven by increase in investment in advanced technology and collaboration in a cloud computing network. The CISCO Global Cloud Index estimated that in 2021, cloud data centers would have likely processed ~90% of all workloads and computing instances, and the remaining processed by traditional data centers. As the information and applications hosted by the cloud are evenly distributed across all the servers, which are connected to work as one.

Therefore, if one server fails, no data is lost and downtime is avoided. Traditional IT systems are not so resilient and cannot guarantee a consistently high level of server performance. They have limited capacity and are susceptible to downtime, which can greatly hinder workplace productivity.

Furthermore, Since the COVID-19 outbreak, businesses have adopted the remote working concept, which has considerably raised the need for cloud-based solutions. However, in 2020, sales declined significantly for a variety of industries, including manufacturing, BFSI, retail, and others. Due to the rising popularity of remote working, businesses are increasing their investments in edge computing, cloud-based analytics and assurance, and AI-powered networking solutions. It's expected that this would lead to an increase in the NaaS market.

Global Network As A Service Market By Type

The Global Network as a Service market is segmented by Type into WAN, LAN, Bandwidth on Demand and Data Connectivity Center.  WAN dominates the market share of the Global market. WAN develops a communication network with the help of mobile phones, computers, remote offices, and data center. WAN as a service offers cloud, and Internet connectivity used by the customers and configures the WAN using software instead of hardware appliances.

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In February 2020, The VMware Telco Automation Cloud was launched to model, onboard, orchestrate, and manage virtual network functions (VNFs), cloud network functions (CNFs), and network services. TAC prioritized the cloud to reduce the complexity of multi-cloud architectures, making NFVs and VNFs more manageable as part of its "Ready for NFV" campaign.

Global Network As A Service Market by Application

The Global Network as a Service Market is segmented by Application into Virtual Private Network, Content Delivery Network, Cloud Service Provider, UCaaS/ Video Conferencing and Integrated network security as a service. Cloud-services provider segment accounts for the majority share of the Global NaaS Market.

Cloud- services providers the segment that is rising the fastest. The primary forces behind cloud migration include scalability, improved efficacy, speedier deployment, mobility, and disaster recovery. Cloud services describe a broad variety of services that are provided on demand to businesses and clients through the internet. These services are created to offer quick, inexpensive access to resources and applications without the need for internal hardware or infrastructure.

Global Network as a Service Market Revenue

Global Network As A Service Market by Enterprise

The Global Network as a Service market is segmented by Enterprise into HSMEs and Large enterprises. Large enterprises segment account to hold the largest share of the market in 2022. Large enterprises are using virtualized technology to manage the connection in remote sites and raising support for Bring Your Own Device (BYOD) which helps them in managing their diverse source cost-effectively. Many large industries are embracing cloud services because they enable them to fulfill their business objectives at a low cost. Large enterprises are adopting NaaS as it covers a wide geographical area and it helps the large organization connect with all the branches at a time.

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Global Network As A Service Market by End-user

The Global Network as a Service market is segmented by End-User into Banking, Financial, Services, and Insurance, Manufacturing, Retail and eCommerce, Healthcare, Education, Software and Technology, Media and Entertainment, Government and Others. Software and Technology is the largest market in Global NaaS Market in 2022 owning to rise in demand for Software and Technology due to allocating cloud computing among enterprises as well as government agencies. The development of new technologies like 5G will lead to significant adoption of the NaaS platform in the telecom sector.

Market Taxonomy

By Type

  • WAN
  • LAN
  • Bandwidth on Demand
  • Data Connectivity Center

By Application

  • Virtual Private Network
  • Content Delivery Network
  • Cloud Service Provider
  • UCaaS/ Video Conferencing
  • Integrated network security as a service

By Enterprises

  • SMEs
  • Large enterprises

By End-User

  • Banking, Financial, Services, and Insurance
  • Manufacturing
  • Retail and eCommerce
  • Healthcare
  • Education
  • Software and Technology
  • Media and Entertainment
  • Government
  • Others

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Spain)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific)
  • Latin America, Middle East and Africa (LAMEA)

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Global Network as a Service Market

Global Surface Disinfectant Market is expected to reach revenue of US$10 Bn by 2028: Ken Research

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Global Surface Disinfectant Market By End-User

The Global Surface Disinfectant market is segmented by End-User into Hospital & Clinics, Households, Laboratories, Hotel/Restaurants/Cafes, Educational Institutes and Others. The Hospital & Clinics segment is estimated to account for the largest market share in the global surface disinfectant market during the forecast period due to their vulnerability to infections caused by viruses, bacteria, and fungi. As per the Centers for Disease Control report, published in 2018, healthcare-associated infections (HAI) cause about 1.7 million infections and 99,000 related deaths every year in America.

Global Surface Disinfectant Market By Geography

The Global Surface Disinfectant market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America accounted for the largest market share in 2022 among all regions within the total global surface disinfectant market.

The increasing healthcare expenditure in North America and an increase in the number of temporary hospitals are some of the major factors boosting the demand of surface disinfectants in North America. Countries like India and China in the Asia Pacific region have a larger population, with a higher level of health and hygiene awareness and this will lead to higher growth of the surface disinfectant market in these regions.

According to Global Cancer Observatory data (2020) the estimated prevalent cases of cancer all over the globe in 2020 accounted for 19,292,789. Out of which Asia had 9,503,710 of the total prevalent cases, Europe accounted for 4,398,443, North America had 2,556,862, Latin America and the Caribbean had 1,470,274, and Africa accounted for 1,109,209 of the total prevalent cases. The increase in the prevalence of cancer is expected to increase the number of surgeries, and thus is expected to increase the demand for surfactant disinfectants across healthcare settings.

Competition Scenario In Global Surface Disinfectant Market

The Global Surface Disinfectant market is highly competitive with ~250 players which include globally diversified players, regional players as well as a large number of country-niche players. Large global players control highest share of the market in terms of revenue, while regional players hold the second largest share. Some of the major players in the market include Reckitt Benckiser Group PLC, The 3M Company, SC Johnson Professional, Procter and Gamble, Evonik Corporation, Unilever, The Clorox Company, Ecolab, Kimberley-Clark Corporation, Medline Industries, Inc., Diversey, Inc., Zep Inc. and among others.

The leading global companies such as Reckitt Benckiser Group PLC, The 3M Company, SC Johnson Professional, and Procter and Gamble are highly focused on providing a significant number of chemical-based surface disinfectant products that can be used across the globe by healthcare industries, households, and industrial users.

What Is the Expected Future Outlook for The Overall Global Surface Disinfectant Market Across the Globe?

The Global Surface Disinfectant market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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The Global Surface Disinfectant market is driven by the growing incidences of healthcare-associated infections, growing demand from non-healthcare industries, health clubs & gyms, and the outbreak of Covid-19. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing mergers and acquisitions, the Global Surface Disinfectant market is changing rapidly. For instance, In May 2020, Ecolab (US) acquired Holchem Group to strengthen its hygiene and cleaning products and services portfolio for the food & beverage, food service, and hospitality industries.

Global Surface Disinfectant Market Revenue

Furthermore, In April 2021, Unilever partnered with LanzaTech and India Glycols to produce a surfactant made from industrial carbon emissions instead of fossil fuels. Additionally, in March 2021, BASF signed a partnership agreement with Allied Carbon Solutions Co., Ltd. (ACS) Japan to strengthen its global position in bio-based surfactants and actives. In 2019, Ecolab Inc., acquired the business of privately held Chemstar Corporation, a U.S.-based supplier of food safety and cleaning and sanitizing solutions focused on the grocery and food retail markets.

The Global Surface Disinfectant market is forecasted to continue an exponential growth that is witnessed since 2020, which is primarily driven by growing incidences of healthcare-associated infections, increasing product demand from non-healthcare Industries, outbreaks of infectious diseases like Covid-19. Though the market is highly competitive with ~250 participants, few global players control the dominant share and regional players also hold a significant share.

Market Taxonomy

By Composition Type

  • Chemical Based
  • Biobased

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By Form

  • Liquid
  • Wipes
  • Spray

By Application Type

  • In-house Surfaces
  • Instrument Disinfection
  • Others

By End-user

  • Hospital & Clinics
  • Households
  • Laboratories
  • Hotel/Restaurants/Cafes
  • Educational Institutes
  • Others

By Region

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest Of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia Rest of Asia Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

For more insights on the market intelligence, refer to below link:-

Global Surface Disinfectant Market

The Australia Cyber Security is expected to generate AUD ~Bn by 2027F owning to growing IT sector, government regulations and technological development: Ken Research

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Australia Cyber Security Market is at growing stage and has moderately fragmented market with more than 15 players in the market that adopt strategic initiatives such as partnerships, investments, and new product offerings due to increasing awareness regarding mobility security among enterprises. IBM, Akamai Technologies, Context Information Security, iSight Partners, NCC Group, Ping Identity, CyberCX, McAfee Enterprise.

  • Every 7 minutes, a cybercrime is reported in Australia. The number and sophistication of these threats have increased in recent years.
  • In the 2021–22 financial year alone, 76,000 cybercrimes were reported in Australia.
  • The Australian Cyber Security Centre reports that 24% of cyber security incidents in the government sector were reported. As the number of cyberattacks in the nation has increased, Australia has been forced to improve its defences. However, a significant point of origin for cyberattacks includes the government.

Import of cyber security products: American and Israeli companies make up the majority of the import market for IT security solutions (and the majority of the whole market). 60% of all imported solutions are of US origin and approximately 20% originate from Israel. As much of the demand for cyber products and solutions is supplied by foreign vendors, Australian companies do not feature in the list of the top 15 security software vendors in the local market. Australian companies only feature in a significant way in the supply of services and acting as channel partners for overseas vendors to supply specific and niche security service expertise.

Australia’s Regulation of Cybersecurity: To advance cybersecurity in all spheres of government, business, and education, the Australian government established a number of Joint Cyber Security Centers (JCSC) around the nation. This is a component of the government's USD 47 million JCSC initiative, which helps several public and private enterprises communicate with one another. Additionally, the Australian Cyber Security Centre (ACSC) published a joint cyber security advisory on Russian state-sponsored and criminal cyber threats to vital infrastructure that may have an impact on businesses inside and outside of Ukraine. The advice suggests numerous immediate steps that all enterprises should take to secure their networks, including mandating multifactor authentication and prioritizing patching of known exploited vulnerabilities.

Challenges faced by Cyber security industry in Australia: There is strong demand in Australia for cyber security services as many public and private companies lack the internal expertise to adequately and comprehensively secure their IT assets. This trend will grow over the next decade as companies will place an even greater reliance on outsourced security vendors to provide digital security solutions on their behalf.

Analysts at Ken Research in their latest publication Australia Cyber Security Market Outlook to 2027F- Driven by rising enterprises, technological developments and market investment observed that Cyber Security Market in Australia is at growing stage. The high number of smartphone users, cybersecurity tools, Australia’s regulations with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at an ~% CAGR during 2022-2027F.

Key Segments Covered in the report:-

Australia Cyber Security Market

By Component

Hardware

Software

Services

By Security

Network Security

Endpoint Security

Application Security

Cloud Security

Others

By Deployment Type

On-Premise

Cloud

By Region

Northern

Western

Eastern

Central

Southern

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By Organization Size

Medium and Small Enterprises

Large Enterprises

By Industry

BFSI

Government Sector

IT

Telecom

E-Commerce

Healthcare

Retail

Others

Key Target Audience

Technology Companies

Cybersecurity Companies

Banking and Financial Institutions

Cybersecurity Service Providers

Government Agencies

Cybersecurity Consultants

Time Period Captured in the Report

Historical Period: 2017-2021

Base Year: 2022

Forecast Period: 2023-2027F

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Companies Covered

CISCO Corp.

CSC Corp.

DELL (SecureWorks Inc.)

IBM Corp.

Intel Corp.

Akamai Technologies

Context Information Security

iSight Partners

NCC Group

Ping Identity

CyberCX

McAfee Enterprise

Key Topics Covered in the Report

Australia Cybersecurity Market Overview and Genesis

Australia Cybersecurity Market Size, 2022

Australia Cybersecurity Market Segmentations, 2022

Demand Analysis of Australia Cybersecurity Market

Porter’s Five Analysis, Growth Drivers and Trends in Australia Cybersecurity Market

Challenges, government regulation and impact of covid on Australia Cybersecurity Market

Future Outlook and Market Size for Australia Cybersecurity Market, 2022-2027F

Market Segmentations for Australia Cybersecurity Market, 2022-2027F

Competitive scenario for Australia Cybersecurity Market

Analyst Recommendations and Industry Speaks

For more insights on the market intelligence, refer to below link:-

Australia Cyber Security Market

Related Reports By Ken Research:-

KSA Cybersecurity Market Outlook to 2026E- Gauging the opportunities for foreign investment in the cybersecurity market

China Cyber Security Market Outlook to 2027F- Segmented by Component (Hardware, Software and Services), By Security (Network, Endpoint, Application and Cloud Security), By Deployment Type (On-Premise and Cloud), By Organization Size (Medium, Small and Large Enterprise) and by Industry (BFSI, Gov

Indonesia Cyber Security Market Outlook to 2027F- Segmented by Component (Hardware, Software and Services), By Security (Network, Endpoint, Application and Cloud Security), By Deployment Type (On-Premise and Cloud), By Organization Size (Medium, Small and Large Enterprise) and by Industry

Thursday, February 16, 2023

More sophisticated cyber attacks, Improved Internet Services, Iot and Blockchain Cybersecurity have fueled the Cyber Security Market for Australia: Ken Research

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Focus on investment in cyber security, cyber-attacks, digital economy and cybersecurity regulatory system are major factor contributing towards development of cyber security market in Australia.

Cybersecurity in Healthcare: The demand for cybersecurity witnessed a sharp rise due to the rise in cyber attacks due to COVID-19. Hacking patients' medical devices is a common cyberattack during the COVID-19 pandemic because more patients are using remote care. The temporary and makeshift medical facilities being used to care for people infected with the novel coronavirus have created more vulnerabilities for hackers to exploit. Healthcare Cybersecurity solutions are being sold for several purposes such as identity and access management, risk and compliance management, antivirus and antimalware, security information and event management, and intrusion detection system.

Expansion of Internet Coverage and Speed: With the help of the Internet Australia Project, 95% of urban residents would have access to managed high-speed broadband networks. The State Council of Australia also intends to spend an additional US$22 billion on upgrading broadband network infrastructure in the nation's rural districts. An estimated 30 million households and 50,000 communities would receive better internet access due to the government efforts in Australia.

Increased phishing and Malware Threats among Businesses: Ransomware assaults are still among the most troublesome cyber threats to people and companies, and they need to be addressed. In order to provide a coordinated worldwide response to address these cyber threats, the Australian Cyber Security Centre (ACSC) collaborated with its colleagues in the UK and the US to issue this alert and delivering a coordinated international response to thwart these cyber-attacks. The ability of cybercrimes to infiltrate, take control of, and harm entire electronic information networks has substantially risen due to malware such as viruses and trojan horses. Malware is a tool used by cybercriminals to seize control of hardware or software in order to steal money from consumers, delete confidential data, or carry out other nefarious or dishonest operations. These elements together fuel the expansion of cyber security.

Analysts at Ken Research in their latest publication Australia Cyber Security Market Outlook to 2027F- Driven by rising enterprises, technological developments and market investmentobserved that Cyber Security Market in Australia is at growing stage. The high number of smartphone users, cybersecurity tools, Australia’s regulations with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at an ~% CAGR during 2022-2027F.

Key Segments Covered in the report:-

Australia Cyber Security Market

By Component

Hardware

Software

Services

By Security

Network Security

Endpoint Security

Application Security

Cloud Security

Others

By Deployment Type

On-Premise

Cloud

By Region

Northern

Western

Eastern

Central

Southern

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By Organization Size

Medium and Small Enterprises

Large Enterprises

By Industry

BFSI

Government Sector

IT

Telecom

E-Commerce

Healthcare

Retail

Others

Key Target Audience

Technology Companies

Cybersecurity Companies

Banking and Financial Institutions

Cybersecurity Service Providers

Government Agencies

Cybersecurity Consultants

Time Period Captured in the Report

Historical Period: 2017-2021

Base Year: 2022

Forecast Period: 2023-2027F

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Companies Covered

CISCO Corp.

CSC Corp.

DELL (SecureWorks Inc.)

IBM Corp.

Intel Corp.

Akamai Technologies

Context Information Security

iSight Partners

NCC Group

Ping Identity

CyberCX

McAfee Enterprise

Key Topics Covered in the Report

Australia Cybersecurity Market Overview and Genesis

Australia Cybersecurity Market Size, 2022

Australia Cybersecurity Market Segmentations, 2022

Demand Analysis of Australia Cybersecurity Market

Porter’s Five Analysis, Growth Drivers and Trends in Australia Cybersecurity Market

Challenges, government regulation and impact of covid on Australia Cybersecurity Market

Future Outlook and Market Size for Australia Cybersecurity Market, 2022-2027F

Market Segmentations for Australia Cybersecurity Market, 2022-2027F

Competitive scenario for Australia Cybersecurity Market

Analyst Recommendations and Industry Speaks

For more insights on the market intelligence, refer to below link:-

Australia Cyber Security Market

Related Reports By Ken Research:-

KSA Cybersecurity Market Outlook to 2026E- Gauging the opportunities for foreign investment in the cybersecurity market

China Cyber Security Market Outlook to 2027F- Segmented by Component (Hardware, Software and Services), By Security (Network, Endpoint, Application and Cloud Security), By Deployment Type (On-Premise and Cloud), By Organization Size (Medium, Small and Large Enterprise) and by Industry (BFSI, Gov

Indonesia Cyber Security Market Outlook to 2027F- Segmented by Component (Hardware, Software and Services), By Security (Network, Endpoint, Application and Cloud Security), By Deployment Type (On-Premise and Cloud), By Organization Size (Medium, Small and Large Enterprise) and by Industry