The healthcare mobile application market is anticipated to grow at a compound annual growth rate (CAGR) of 24.10% over the forecast period to reach US$32.393 billion by 2029, increasing from estimated value of US$11.004 billion in 2024.
Digitization has caused a radical change in the way most industries operate. The expansion of a digital system also comes with a great deal of transformation into the health care system due to the increasing usage of mobile phones as well as the availability of the internet network. Because of this, the introduction and rapid uptake of mHealth technologies have primarily occurred in the last few years, propelled by the increasing utilisation of these technologies by physicians and patients. The fitness and medical categories continue to contain the majority of mobile healthcare apps.
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Growth Drivers in the Healthcare Mobile Application Market
The e-prescription system, wearable device manufacturers, and providers of mobile health apps have all contributed to the growth of digital healthcare, which has been largely attributed to the market expansion. It is also expected that throughout time, both the public and private sectors will promote the use of health apps by highlighting their benefits for tracking and enhancing lifestyle decisions and medical conditions.
The robust growth potential of the IT industry in the healthcare sector is supported by proactive government initiatives across the globe. The healthcare industry’s paradigm shift toward preventive strategies and the increase in funding for mHealth start-ups remain the main drivers of market growth. The increasing consciousness among consumers regarding fitness, wellness, and technical knowledge is a noteworthy element propelling the market expansion.
Customers are still drawn to modern healthcare apps because of their ability to provide them with up-to-date health statistics while they are on the go. In addition to the concerning rise in the prevalence of chronic illnesses and the development of new technologies, two crucial and indispensable elements for businesses to establish organized revenue channels remain a sustainable business model and strategic alliances. On the global landscape, increasing internet usage along with increasing smartphone subscriptions are equally acting as catalysts for the growth of the market.
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Impact of Chronic Diseases on the Healthcare Mobile Application Market
The increased popularity of chronic diseases across the globe is one of the key factors responsible for the expansion of the market. Chronic diseases such as diabetes, hypertension, heart-related disorders and respiratory disorders have recorded the greatest use of these apps. For instance, the most recent estimates indicate that the prevalence rate of diabetes is 6.1% worldwide at the moment, placing it among the top 10 major causes.
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Segmentation of the Healthcare Mobile Application Market
The healthcare mobile application market, by application type, is divided into six types- Patient engagement apps, fitness and wellness apps, medical reference apps, remote monitoring apps, electronic health record (EHR) apps, and others, The market is growing as a result of patients and healthcare professionals becoming more aware of the need to use medical applications for improved communication and patient outcomes. Moreover, it is expected that the number of new applications will increase in the market, as many of the medical applications will be made available and therefore app usage will go up.
Besides, the market has also been on the rise because of the increasing focus on healthy living, and the increased penetration of smartphones, tablets, and wearable technology to reach out to fitness applications.
The healthcare mobile application market, by deployment model, is divided into two types: On-Premise and cloud-based. The market is experiencing notable growth, primarily due to the growing utilisation of cloud-based agreements. The reason for the continuous development of this market is the need for universal healthcare services anytime and anywhere. Healthcare applications that are dependent on the Cloud allow healthcare practitioners, as well as users, to access patient information, e-health records, and other health-related services physically anywhere with an internet connection and on any device. This development is by the continuous telemedicine enhancement and remote patient monitoring.
Moreover, the demand for smart mobile phones and other mobile gadgets has changed the interactions between patients and health care systems. Mobile applications are now used every other time by patients to schedule an appointment, measure some health indicators, find information, and communicate with health professionals.
The healthcare mobile application market, by operating system, is divided into three types: iOS, Android, and others. The segment’s expansion can be attributed to the widespread consumer adoption of the iOS platform along with its global reach. Moreover, the rapid growth of smartphone users coupled with the much cheaper prices of Android-based smartphones has influenced the forecast that the Android segment will grow at the highest CAGR during the forecast period.
The healthcare mobile application market, by end-user, is divided into four types: Patients, healthcare providers, fitness enthusiasts, and others. The largest end-user segment belongs to the patients. Through these apps, patients can book an appointment on their smartphones with short taps in the app without the need to physically visit the hospital or make a long phone call. Furthermore, such apps enable patients to store their test results, health histories and medical reports in one place without any struggles. Telemedicine does not fall behind in this regard. Even patients who detest long-distance travel to see their doctors appreciate the option of video consultation, which ideally cuts wait time at the hospital.
During the projected timeframe, it is anticipated that the market for healthcare mobile applications will experience remarkable growth within North America. A few significant trends and opportunities have led to a huge increase in the use of healthcare mobile applications in the USA in recent years. A primary factor contributing to this progress is the increasing ubiquity of internet-connected smartphones, which has enabled more people to have basic access to healthcare facilities. As smartphones become more prevalent, an increasing number of individuals are resorting to convenient applications for managing their health and wellness needs.
Artificial Intelligence has changed the healthcare sector in North America for the better, as long-term outcome improvement is achieved with the help of predictive analytics, personalized treatment recommendations, and accelerated processes. Machine learning algorithms assess the big data on a patient’s history to recognize patterns and forecast the development of an ailment, thus allowing timely treatment and ensuring targeted therapy.
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Key Players in the Healthcare Mobile Application Market
The research includes several key players from the healthcare mobile application market, such as Apple Health., Nike Inc, Allscripts Healthcare Solutions, Inc, Medtronic Pl, Epic Systems Corporation, Johnson & Johnson Health and Wellness Solutions, Inc., Fitbit, Inc. (Google), Philips Healthcare, Practo Technologies Pvt. Ltd., 8fit, and MyFitnessPal.
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The Healthcare Mobile Application Market is segmented and analyzed as below:
EV Battery Polymer Market size worth US$15.355 billion by 2029
Press ReleasesThe electric vehicle battery polymer market is expected to grow at a CAGR of 11.97%, reaching a market size of US$15.355 billion in 2029 from US$8.724 billion in 2024.
An electric vehicle battery polymer is a type of rechargeable battery of the EV lithium-ion battery technology, which uses polymer electrolyze, in place of liquid electrolytes. The electric vehicle battery polymer technology offers multiple benefits to the performance of an electric vehicle, in weight reduction is among the key benefits of this technology. The electric vehicle battery polymer technology uses polymers in place of liquid electrolytes, which significantly reduces the battery weight, as the polymer has lower density as compared to the metal. The polymer electrolyte technology in EV batteries also enhances the battery life cycle, as these polymers are designed to offer a longer life compared to the other technologies. It also offers higher energy density, which generally ranges between 250 W to 650 W. The battery polymer also provides optimum power delivery and offers customization in the shape of the battery.
The global electric vehicle battery polymer market is estimated to witness major growth, attributed to the increasing global demand for electric vehicles and the introduction and development of new technologies in the industry. With the rising demand for electric vehicles across the globe, various companies and organizations are sure to invest massive amounts in research and development of new technologies, like polymer-based lithium-ion battery technology. Various companies have launched new products and solutions in the global electric vehicle polymer battery market, which includes, Paraclete Energy, a global manufacturer of high-capacity nanoparticle silicon for lithium-ion batteries, introduced Silo Silicon, a breakthrough in silicon anode technology, in July 2024. The new Silo Silicon material offers a unique polymer matrix architecture, which enables the delivery of up to 300% energy density.
The component segment of the electric vehicle battery polymer market is categorized into exterior and interior. Under the component segment of the global electric vehicle battery polymer market, the internal category is forecasted to witness a greater market share. The internal component of EV battery polymer consists of multiple components, like insulated mats, negative tabs, positive tabs, and separators among others, which are key for the operations of a battery.
The electric vehicle battery polymer market, under the type segment, is categorized into elastomers and engineering plastics. The elastomers category is further divided into silicone elastomer, synthetic rubber, and fluoroelastomer, whereas the engineering plastics category is further divided into polyphenylene sulfide (PPS), acrylonitrile butadiene styrene (ABS), fluoropolymer, polyurethane, thermoplastic polyester, polycarbonate, polyamide, and others. The elastomers category under the type segment of the global EV battery polymer market is forecasted to witness major growth. The elastomers are filled with glycerol, which offers shape memory properties, and have the capability to serve as a solid polymer electrolyte of electric batteries.
Based on geography, the Asia Pacific region is forecasted to witness the maximum share in the global electric vehicle battery polymer market, majorly with the increasing production and adoption of electric vehicles in the region. The Asia Pacific is among the biggest producers of electric vehicles and its technologies, like batteries, across the globe. The Asian Pacific countries, like China, Japan, India, Taiwan, and Vietnam have also introduced multiple policies and investment opportunities to boost the technological development in the electric vehicle ecosystem. The International Energy Agency, in its global EV report, stated that the stock of battery electric vehicles (BEV) in China grew rapidly. The agency stated that in 2021, the nation had about 6.2 million electric vehicle stock, which increased to 10.7 million in 2022, finally reaching 16.1 million of total electric vehicle stock in 2023.
The research includes several key players from the electric vehicle battery polymer market, such as Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro AG, LyondellBasell Industries N.V., Saudi Basic Industries Corporation (Saudi Arabian Oil Co), Solvay.
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This analytics report segments the electric vehicle battery polymer market as follows:
AI In Transportation Market size worth US$6.196 billion by 2029
Press ReleasesThe AI in transportation market is expected to grow at a CAGR of 11.80%, reaching a market size of US$6.196 billion in 2029 from US$3.797 billion in 2024.
The transportation industry is seeing a surge in demand for artificial intelligence because of its high systems activities for real-time updates and particularly additional assistance in avoiding haphazard accidents. Greater and greater factors behind the continuously growing market demand for AI in transportation are increased needs for safety and security and a deepened effort to decrease operating costs.
Using sensors, AI algorithms can predict the failure of equipment even before performing the device, thereby reducing the cost of maintenance and downtime, and increasing safety. AI technologies help in managing the flow of traffic by predicting traffic jams or congestion and then providing real-time information to the drivers. Self-driving cars, trucks, and buses, by eliminating the need to have human drivers in the vehicle, help in reducing accidents and boost efficiency. The transport sector is likely to receive much more boost in the future across the globe where innovations will continue coming up with newer features in artificial intelligence such as voice and signal recognition and the multifold integration of sensors that will improve user experiences.
Growth Drivers in the AI In Transportation Market
Moreover, artificial intelligence in the transport sector is bringing in commercial growth as there is an increase in accident rates, and this is beneficial to the transport industry because it helps drivers avoid human-error-related crashes. The software helps vehicles obtain signs, and specifications of traffic or congestion, and identify accident-prone areas. Clients will be drawn to the transportation business by the application of artificial intelligence to state-of-the-art features. The risk from drug-impaired drivers will be reduced by an upcoming development in the autonomous vehicle, incorporating safety mechanisms like adaptive cruise control, advanced driver assistance system, collision warning, and lane-keep assist.
Segmentation of the AI In Transportation Market
By technology, the AI in transportation market is segmented into four major categories, deep learning, natural learning process, machine learning, and others. Deep learning is an emerging application in a lot of AI projects in transport. Deep learning is a type of machine learning that uses convolutional and artificial neural network functions. Such algorithms are characterized by better recognition of complex data patterns that traditional algorithms do not recognize. Machine learning technology has also rapidly gained traction as part of computer vision. Computer vision is a branch of machine learning used to teach computers to understand as well as interpret images and videos. Various algorithms help detect movement, object tracking and distance measurements.
AI in transportation market by deployment is segmented into cloud and on-premise. Among the most popular uses of cloud computing in the transportation industry are freight tracking, route planning, and fleet management. Cloud-based fleet management systems can assist transportation companies in improving vehicle tracking and route optimization.
AI in transportation market by application is segmented into route optimization, shipping volume prediction, predictive fleet maintenance, real-time vehicle tracking, and others. AI route optimization is now essential for better customer service, quicker deliveries, cheaper transportation, and less fuel use. AI route optimization is now essential for better customer service, quicker deliveries, cheaper transportation, and less fuel use.
Based on geography, the North American region of the AI in transportation market is growing significantly. AI technology was first used by North American communities, government agencies, and transportation companies to increase the sustainability, safety, and efficiency of transportation networks. The region is now at the forefront of AI in the transportation sector thanks to this early adoption. Overall, North America is a major player in the global market due to its leadership in AI technology, robust industrial presence, early adoption of AI in transportation, and supporting ecosystem.
Key Players in the AI In Transportation Market
As a part of the report, the major players operating in the AI in transportation market that have been covered are Hitachi, Wialon (Gurtam), AltexSoft, Planung Transport Verkehr GmbH, Integrated Roadways, Maticz, FlowSpace, Axestrack.
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The market analytics report segments AI in transportation market as follows:
BYD Company and CATL are the leaders in Electric Vehicle Battery Market as per the Knowledge Sourcing Intelligence
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QuantumScape Corporation, Northvolt, and CALB are considered niche players owing to their low geographic presence. However, companies like QuantumScape is increasingly focused on upgrading its technology to offer more enhanced batteries to the energy storage sector. For instance, as of 2022, QuantumScape has invested $500+ million in battery technology research and development.
AI In Music Market size worth US$3.201 billion by 2029
Press ReleasesArtificial intelligence (AI) in music market is expected to grow at a CAGR of 16.28%, reaching a market size of US$3.201 billion in 2029 from US$1.489 billion in 2024.
Artificial intelligence is among the latest technology, which uses computer and machine learning tools to mimic the intelligence of humans. In the music sector, artificial intelligence is set to play a critical role, from the production process of the music to the delivery platform to the users. In music production, artificial intelligence can offer key applications, like its advanced algorithms have the capabilities to generate new and unique music, lyrics, and beats. The Al algorithms can also analyze a higher volume of data set and can generate the music as per the command. Similarly, in the streaming platform of music, the AI can track, monitor, and understand the preferences of the users, and can suggest new songs based on the user’s taste.
Growth Drivers in the Artificial Intelligence In Music Market
With the increasing innovation, and growing investment in the global AI technology is set to increase the demand for AI in music market globally. With the increasing innovation and investments, various companies and organizations will introduce various AI-based models, which can boost the music creation and user experience across the globe. For instance, in September 2024, YouTube, a global music and video streaming platform announced the launch of its responsible AI tool, which is aimed to protect the interest of artists. Similarly, in October 2024, Universal Music Group, a global music composing company announced that the company entered into a strategic deal with Ethical AI Music Company, for a commercial ethical model of AI, for generation music, with the collaboration of artists and the music industry.
Segmentation of the Artificial Intelligence In Music Market
The artificial intelligence (AI) in the music market, under the application segment, is personalization, music composition, and audio mixing. Under the application segment of the global artificial intelligence in the music market, the music composition category is forecasted to attain a greater market share. The music composition process includes integrating key components of music, like melodies, sounds, harmonies, and rhythms together. In music composition, artificial intelligence tools offer key applications, such as the capability to integrate and edit different components of music together, to create unique music. The generative AI tools also offer the capability to generate new and personalized lyrics, which can speed up the music composition process. Similarly, in music composition, AI tools can also help in translating and composing one song, in many different international languages, which can increase the reach of the music composed.
Based on geography, the North American region is forecasted to witness the maximum share of global artificial intelligence (AI) in the music market. The North American region is among the largest developers of new technologies, like AI. The region is home to some of the biggest technological developers, like Meta, Google, Open AI, and Intel. The USA and Canada are also among the biggest adopters of AI-based technologies across multiple industries, like media & entertainment, manufacturing, healthcare, and automotive among many other industries. The region also offers some of the leading music streaming platforms, and industry leaders, like Amazon Music, Apple Music, and YouTube Music among others. This platform offers innovative streaming services across the globe. These companies also integrate new technologies, like AI into their platforms, which enables greater user experiences. For instance, in June 2024, Apple Inc., a global technological leader introduced its AI tool, Apple Intelligence, which offers improved capabilities to the music streaming platform of the company. The AI tool integrated with the Apple Music offers uses the user data memory, to understand the taste of the user and personalizes the song suggestion based on the past songs.
Key Players in the Artificial Intelligence In Music Market
The research includes several key players from the AI in music market, such as iZotope, Aiva Technologies, Amper Music (Shutterstock Inc), BRAINFM Inc, LANDR, Boomy Corporation, Magenta (Google Inc), SOUNDRAW Inc, Amadeus Code, and Klangio GmbH.
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The Artificial Intelligence (AI) in music market is segmented and analyzed as follows:
The Impact of Dietary Trends on the Glucose Syrup Market: Sugar Alternatives and Substitutes
BlogGlucose syrups are derived from plant sugars extracted from cereals, primarily wheat and maize. They are added to foods to provide an additional factor of texture, flavor, and glossiness. They are characterized as clear and viscous liquid, sweet taste, and a calorific level of 4kcal/g. They are extracted from starch by a process using water and enzymes to break down carbohydrates after treatment with acids. They are utilized in several cookery applications such as bakery goods and confectioneries. It helps provide volume, taste, stability improvement, and extended shelf-life. It assists in the control of the viscosity of sweetness in products manufactured for quality reasons in industrial production and product testing. Further, the smoothness and texture qualities of ice creams are enhanced by glucose syrup.
Moreover, glucose syrup is utilized in beverages, jams, and sauces. They are very suitable for dosing and blending with other ingredients and mix well with other ingredients. They can give rise to energetic content along with relatively less sweetening, much lower than sucrose. Glucose syrup is among the most demanded sweeteners in the food and beverage industry and is witnessing a growth in demand due to health-conscious consumers wanting alternatives to traditional sweeteners because of the growing consciousness of health and wellness. Some challenges may confront the glucose syrup market due to the battling competitors who have come up with new sugar alternatives. However, it is observed that the manufacturers can retain their dominant place in the industry by keeping pace with the market requirements and innovations.
Rising changes in consumer lifestyles such as increased health awareness are going to positively impact the glucose syrup market whereby consumers prefer reduced-sugar or sugar-free products from other sugary alternatives because they expose individuals to health risks such as obesity, type 2 diabetes, and cardiovascular diseases. Besides, the number of adults affected by diabetes will increase hugely according to estimates by International Diabetes Federation data(IDF), with there being around 537 million adults aged 20-79 living with the disease in 2021, equating to 1 in 10 adults, projected to increase to value 643 million by 2030 and further amount to 783 million in 2045. Furthermore, over 541 million adults have impaired Glucose Tolerance (IGT) disorders as of 2021 and remain at high risk of developing type-2 diabetes. More consumers are adopting organic and natural substitutes for processed food and opt for sustainable sweetener alternatives including glucose syrup.
Moreover, from 2021 to 2022, the baked goods exports increased by 11.4 % to $48.4 billion from $43.5 billion in 2021, according to OEC. The top countries exporting baked goods include Germany, Canada, Italy, France, and Poland. The total values for the exports of these countries are as follows: $4.92B, $4.75B, $3.5B, $2.93B, and $2.67B respectively. Such development would be expected to favor glucose syrup, an important ingredient in a wide variety of baked products.
In addition, glucose syrup is being used in soft drinks and energy drinks to improve their sweetness and flavor to promote their demand in the market as consumers have increased their intake of such beverages. For instance, in 2023, non-alcoholic beverages were among the leading foods exported from Spain, with a phenomenal increment of 82 percent. Further, the Spanish beverage processing sector was worth $20,433 million in 2022 according to USDA data, an increase of 28.4 percent over the previous year.
Increase in Export of Baked Goods in the World, in US$ Billion, in 2021 and 2022
Source: OECD
Glucose syrup also has applications in pharmaceuticals and personal care products, thereby increasing the diversification beyond the food and beverage industry. According to the Dubai World Trade Center January 2023, the pharma market of UAE will be around US$4.7 billion by 2025 and these have about 23 manufacturing centers and nearly 2,500 medicines produced locally by 2023. In addition, as income increases, household spending on convenience foods, snacks, and ready-to-eat processed meals becomes more apparent, with glucose syrup being a major key ingredient in such products. It also drives the mindset of moving towards premium and specialty products as consumers are willing to pay better for the texture and quality of the items.
Furthermore, the International Energy Outlook showed 2023 source-wide overall disposable income figures that reflected 10,136 US dollars per capita for 2022. The number will develop to US$10,677 by 2025 to finally attain US$11,862 by 2030. In the meantime, Asia Pacific will be valued at US$11,152 per capita, while the Americas region will be predicted to be valued at US$23,240 per capita in 2030, whereas Europe and Eurasia would amount to US$21,974 per capita by 12030, thus contributing to market growth. This growing middle class in developing economies leads to increasing consumption of processed foods and opening new market opportunities for glucose syrup while also increasing the application of glucose syrup in non-food sectors like pharmaceuticals and personal care.
Sugared alternatives and substitutes are expected to make a positive impact on the glucose syrup market. Factors such as a high-lifestyle adoption of healthier living will demand for the syrup while increasing competition will most likely decrease prices for glucose syrup. Manufacturers are also investing and developing new products formulated with less sugar or more functional ingredients to meet marketing conditions. For example, Cargill and ENOUGH have a unique partnership for the European Union-funded PLENITUDE consortium project, which involves ENOUGH’s production facility of 160,000 square feet in Sas van Gent, Netherlands, specifically built in 2022 and co-located alongside Cargill’s facility. Cargill provides glucose syrup and utilities, and ENOUGH is involved in the EU-funded PLENITUDE consortium project. New functional applications for glucose syrup will also include areas where sweetening is of less importance than the value of functional properties.
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RF Power Semiconductor Market size worth US$32.393 billion by 2029
Press ReleasesThe RF power semiconductor market is projected to grow at a CAGR of 8.52% to reach US$36.002 billion by 2029, from US$23.922 billion in 2024.
A power semiconductor is a type of semiconductor device, which is generally used as a rectifier or switch in power electronic devices. The power semiconductor converts electric power, and it controls motors and lighting systems. Whereas RF or radio frequency is the oscillation range of voltage or alternating electric current. The RF power semiconductors offer a wide range of applications across multiple industries which include aerospace & defense, automotive, medical, and consumer electronics. The RF power semiconductor ensures multiple advantages, like a wider bandgap material, and higher breakdown voltage. The power density of these semiconductors is also higher and also ensures a high operating frequency.
Growth Drivers in the RF Power Semiconductor Market
The global RF power semiconductor market is forecasted to attain substantial growth, majorly with the increase in the global automotive and IT & telecommunication market. Various companies have introduced new technologies and products in the RF power semiconductors market, which are aimed to improve the technology of these components. For instance, in April 2024, QuantalRF announced the launch of its groundbreaking RF technology, QWX27105 single-chip 5-7 GHz Wi-Fi 7 Front-End IC in CMOS SOI. The QWX27105 single-chip integrates all RF front-end components and features an ultra-compact design.
Segmentation of the RF Power Semiconductor Market
The product segment of the RF power semiconductor market is categorized into RF passives, RF duplexers, RF switches, and others. Under the product segment of the global RF power semiconductor market, the RF passives category is forecasted to attain a greater market share. The RF passives refer to the RF component, which does not require an external power supply to operate. The RF passives component offers multiple benefits over other categories in the segment, like it offers easy-to-use technology, and offers a lower cost. The RF passive components are highly stable and offer a lower risk of damage. These types of components are generally used across multiple industries, for a wide range of applications, like broadcasting, telecommunication, wireless networking, and radar systems.
The RF power semiconductor market, under the material segment, is categorized into silicon, gallium arsenide, silicon-germanium, gallium nitride, silicon carbide, and indium phosphide. The silicon carbide category of the material segment, under the global RF power semiconductor market is forecasted to witness massive growth. Silicon carbide, also known as carborundum is a type of hard chemical compounds, which contain silicon and carbon. Silicon carbide RF power semiconductors offer multiple benefits over other material categories like the RF power semiconductors made with silicon carbide offer a larger bandgap energy and higher mobility of electrons. The silicon carbide material also offers improved and higher thermal conductivity, and higher power density. The operating temperature of the silicon carbide material is above 150 degrees Celsius, and it ensures lower switching losses.
By application, the RF power semiconductor market is categorized into aerospace & defense, automotive, medical, consumer, telecommunication & data communication, and others. In the global RF power semiconductors market, the automotive category of the application segment is estimated to grow at a greater rate. In the automotive industry, RF power semiconductors offer multiple applications. These types of semiconductors are used in vehicle-to-grid and vehicle-to-home technologies of electric vehicles. These are also used in the electric vehicle inverters, which convert the DC current to the AC current.
Based on geography, the Asia Pacific region is anticipated to attain significant growth in the global RF power semiconductor market. The Asia Pacific region is among the leading developers and manufacturers of semiconductors across the globe. Countries like China, Taiwan, South Korea, and Japan are among the biggest manufacturers and suppliers of semiconductors. Furthermore, multiple countries in the region, like India, Vietnam, and Singapore introduced multiple policies and investment opportunities to develop semiconductor manufacturing in the region. The Asia Pacific region is also among the biggest manufacturers and consumer electronics, which uses RF power semiconductors. Similarly, the growth of other related industries, like aerospace & defense, automotive, and IT & telecommunication which use RF power semiconductors, is also expected to boost the market forward. The Asia Pacific region is the biggest producer of the automotive industry, with demand for the automotive industry rising significantly in the region.
Key Players in the RF Power Semiconductor Market
The research includes several key players from the RF power semiconductor market, such as MACOM Technology Solutions, Broadcom Inc., Qualcomm Technologies, Inc., Cree, Inc., Toshiba Corporation, NXP Semiconductors N.V., Murata Manufacturing Co., Ltd., and Skyworks Solutions, Inc.
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This analytics report segments the RF power semiconductor market as follows:
Toyota Industries and Dematic are the leaders in Automated Material Handling Market as per the Knowledge Sourcing Intelligence
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Healthcare Mobile Application Market size worth US$32.393 billion by 2029
Press ReleasesThe healthcare mobile application market is anticipated to grow at a compound annual growth rate (CAGR) of 24.10% over the forecast period to reach US$32.393 billion by 2029, increasing from estimated value of US$11.004 billion in 2024.
Digitization has caused a radical change in the way most industries operate. The expansion of a digital system also comes with a great deal of transformation into the health care system due to the increasing usage of mobile phones as well as the availability of the internet network. Because of this, the introduction and rapid uptake of mHealth technologies have primarily occurred in the last few years, propelled by the increasing utilisation of these technologies by physicians and patients. The fitness and medical categories continue to contain the majority of mobile healthcare apps.
Growth Drivers in the Healthcare Mobile Application Market
The e-prescription system, wearable device manufacturers, and providers of mobile health apps have all contributed to the growth of digital healthcare, which has been largely attributed to the market expansion. It is also expected that throughout time, both the public and private sectors will promote the use of health apps by highlighting their benefits for tracking and enhancing lifestyle decisions and medical conditions.
The robust growth potential of the IT industry in the healthcare sector is supported by proactive government initiatives across the globe. The healthcare industry’s paradigm shift toward preventive strategies and the increase in funding for mHealth start-ups remain the main drivers of market growth. The increasing consciousness among consumers regarding fitness, wellness, and technical knowledge is a noteworthy element propelling the market expansion.
Customers are still drawn to modern healthcare apps because of their ability to provide them with up-to-date health statistics while they are on the go. In addition to the concerning rise in the prevalence of chronic illnesses and the development of new technologies, two crucial and indispensable elements for businesses to establish organized revenue channels remain a sustainable business model and strategic alliances. On the global landscape, increasing internet usage along with increasing smartphone subscriptions are equally acting as catalysts for the growth of the market.
Impact of Chronic Diseases on the Healthcare Mobile Application Market
The increased popularity of chronic diseases across the globe is one of the key factors responsible for the expansion of the market. Chronic diseases such as diabetes, hypertension, heart-related disorders and respiratory disorders have recorded the greatest use of these apps. For instance, the most recent estimates indicate that the prevalence rate of diabetes is 6.1% worldwide at the moment, placing it among the top 10 major causes.
Segmentation of the Healthcare Mobile Application Market
The healthcare mobile application market, by application type, is divided into six types- Patient engagement apps, fitness and wellness apps, medical reference apps, remote monitoring apps, electronic health record (EHR) apps, and others, The market is growing as a result of patients and healthcare professionals becoming more aware of the need to use medical applications for improved communication and patient outcomes. Moreover, it is expected that the number of new applications will increase in the market, as many of the medical applications will be made available and therefore app usage will go up.
Besides, the market has also been on the rise because of the increasing focus on healthy living, and the increased penetration of smartphones, tablets, and wearable technology to reach out to fitness applications.
The healthcare mobile application market, by deployment model, is divided into two types: On-Premise and cloud-based. The market is experiencing notable growth, primarily due to the growing utilisation of cloud-based agreements. The reason for the continuous development of this market is the need for universal healthcare services anytime and anywhere. Healthcare applications that are dependent on the Cloud allow healthcare practitioners, as well as users, to access patient information, e-health records, and other health-related services physically anywhere with an internet connection and on any device. This development is by the continuous telemedicine enhancement and remote patient monitoring.
Moreover, the demand for smart mobile phones and other mobile gadgets has changed the interactions between patients and health care systems. Mobile applications are now used every other time by patients to schedule an appointment, measure some health indicators, find information, and communicate with health professionals.
The healthcare mobile application market, by operating system, is divided into three types: iOS, Android, and others. The segment’s expansion can be attributed to the widespread consumer adoption of the iOS platform along with its global reach. Moreover, the rapid growth of smartphone users coupled with the much cheaper prices of Android-based smartphones has influenced the forecast that the Android segment will grow at the highest CAGR during the forecast period.
The healthcare mobile application market, by end-user, is divided into four types: Patients, healthcare providers, fitness enthusiasts, and others. The largest end-user segment belongs to the patients. Through these apps, patients can book an appointment on their smartphones with short taps in the app without the need to physically visit the hospital or make a long phone call. Furthermore, such apps enable patients to store their test results, health histories and medical reports in one place without any struggles. Telemedicine does not fall behind in this regard. Even patients who detest long-distance travel to see their doctors appreciate the option of video consultation, which ideally cuts wait time at the hospital.
During the projected timeframe, it is anticipated that the market for healthcare mobile applications will experience remarkable growth within North America. A few significant trends and opportunities have led to a huge increase in the use of healthcare mobile applications in the USA in recent years. A primary factor contributing to this progress is the increasing ubiquity of internet-connected smartphones, which has enabled more people to have basic access to healthcare facilities. As smartphones become more prevalent, an increasing number of individuals are resorting to convenient applications for managing their health and wellness needs.
Artificial Intelligence has changed the healthcare sector in North America for the better, as long-term outcome improvement is achieved with the help of predictive analytics, personalized treatment recommendations, and accelerated processes. Machine learning algorithms assess the big data on a patient’s history to recognize patterns and forecast the development of an ailment, thus allowing timely treatment and ensuring targeted therapy.
Key Players in the Healthcare Mobile Application Market
The research includes several key players from the healthcare mobile application market, such as Apple Health., Nike Inc, Allscripts Healthcare Solutions, Inc, Medtronic Pl, Epic Systems Corporation, Johnson & Johnson Health and Wellness Solutions, Inc., Fitbit, Inc. (Google), Philips Healthcare, Practo Technologies Pvt. Ltd., 8fit, and MyFitnessPal.
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The Healthcare Mobile Application Market is segmented and analyzed as below:
Data Center Colocation Market size worth US$162.676 billion by 2029
Press ReleasesThe global data center colocation market is estimated to be around US$84.135 billion in 2024 and is anticipated to grow to US$162.676 billion by 2029 at a CAGR of 14.10%.
A data center colocation is a type of data center that enables its operators to rent out its space. There are multiple types of data center colocations, which include retail colocation, wholesale colocation, and hybrid cloud-based colocation. The data center colocation offers multiple benefits to its operators, such as reliable power and cooling systems for users. It also offers cost-saving benefits to data center operators, as it eliminates the need for businesses to build and maintain their own data center facilities. The colocation also enhances the operators’ stability and optimizes the data center’s performance.
With the increasing demand for data center colocation globally, various key players entered the data center colocation market. For instance, in June 2024, Cisco, a global technological leader, launched its new Nexus HyperFabric AI clusters, a new data center infrastructure solution for NVIDIA. This solution features multiple capabilities like colocation, edge sites, easy deployment, management, and monitoring of data centers. Similarly, Maincubes, one of the biggest data center operators in Europe, announced its expansion of new data center FRA04 in Frankfurt. This data center is spread at about 12,500 square meters, which provides 40 MW of IT capacity.
The global data center colocation market, by colocation model, is segmented into wholesale and retail. The retail colocation is estimated to attain a greater market share. Retail colocation is a type of data center facility in which businesses rent their data center spaces, power cooling, and network connectivity of their servers, storage, and IT equipment.
The enterprise size segment of the global data center colocation market is categorized into small, medium, and large. The medium category of the enterprise size segment is estimated to attain the maximum market size, having shares across industries. The requirement for an efficient and cost-saving data center facility in the category is significantly greater than the other categories.
The global data center colocation market, under the end-user industry, is segmented into communication & technology, manufacturing, government, healthcare, BFSI, media & entertainment, and others. The communication & technology category is forecasted to attain maximum market share during the forecasted timeline. It is among the fastest expanding and developing industries compared to others. For efficient performance, the communication & technology industry requires reliable data center connectivity, which can offer data security and cost-efficiency, among others. This industry is also among the biggest data generators globally, and an efficient data center colocation model helps in the seamless transfer and deployment of data across multiple companies.
Based on geography, the Asia Pacific region of the global data center colocation market is anticipated to attain significant growth. Asia Pacific is among the biggest operators of data centers worldwide, with multiple new governmental policies and new investments to boost the region’s data center market. Various countries, such as India, Taiwan, China, Vietnam, and Malaysia, have introduced multiple policies and investment schemes to develop state-of-the-art data center facilities, propelling the regional data center colocation market’s growth. Furthermore, the region is also among the biggest in the global IT and Communication industry, which necessitates the development of reliable and efficient data center colocation facilities.
As a part of the report, the major players operating in the data center colocation market that have been covered are Equinix Inc., Telehouse, Rackspace US Inc., Colt Technology Services Group Ltd., Zayo Group LLC, NTT Communications, Cyxtera Technologies, SaskTel, eStruxture, Centrilogic, Hut 8, Vantage, and RackBank.
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This analytics report segments the global data center colocation market as follows:
Automated Material Handling Market size worth US$29.693 billion by 2029
Press ReleasesThe automated material handling market is expected to expand at a CAGR of 7.10% over the projected period, from US$21.077 billion in 2024 to US$29.693 billion by 2029.
The automated material handling market includes the utilization of automated equipment, solutions, and software programs to exchange, store, and oversee heavy materials or products in a diverse facility like warehousing, manufacturing, or conveyance sites successfully. The objective of automated material handling is to extend efficiency, lower labor costs, and increase security in the storage and transfer of materials. These systems consolidate diverse advancements such as transports, robots, robotized storage locations, retrieval systems, and automated guided vehicles, among others. Moreover, they can be custom-made to fulfill the specific prerequisite of a particular facility, such as high-speed or handling capacity for sensitive or hazardous materials.
The automated material handling market is experiencing significant expansion during the forecasted period This growth is largely driven by the rise of e-commerce, which has increased the demand for efficient order fulfillment. Automation can manage high volumes of orders with greater speed and accuracy, addressing labor shortages and reducing reliance on manual labor, thus enhancing efficiency and cutting costs. Further, the advances in robotics, sensors, and artificial intelligence are making automated systems more affordable, reliable, and adaptable.
These systems can boost efficiency and productivity, resulting in higher throughput and lower costs. Furthermore, automation can enhance accuracy and precision, leading to better-quality products and less waste.
The market is witnessing diverse collaborations and innovative technological advancements, for instance, in May 2024, KION North America announced a non-exclusive strategic collaboration with Fox Robotics which focuses on KION in manufacturing and assembling work of FoxBot autonomous trailer loaders/unloaders (ATLs) at their Summerville facilities held in South Carolina.
Based on the type, the automated material handling market is divided into automated conveyor & sorting systems, automated storage and retrieval systems, and automated guided vehicles. Automated guided vehicles have an impact on the growth of the automated material handling market because they are flexible, adaptable, and have growing capabilities. They work well in different industries, like manufacturing, warehousing, healthcare, and retail. Businesses integrate automated guided vehicles with other automated systems to create complete material handling solutions. They also help cut labor costs, which leads to cost savings for the industry.
Based on the industry vertical, the automated material handling market is categorized into airport, manufacturing, healthcare, chemical, paper, food and beverage, warehousing, and others. More warehousing facilities utilize automated material handling which is expected to boost the market majorly. The automated equipment can do the heavy repetitive lifting that workers often do by hand, which can cause physical strain. Also, the rise in work-related injuries worldwide affects warehousing companies a lot. This leads to companies adopting automated material handling solutions, which have helped and pushed demand growth in the market.
Based on geography, the automated material handling market is extending majorly in the Europe region due to various variables. The European region has major companies that are using material handling solutions. The growing number of warehouses and logistics operations is likely to drive high demand in the market. Further, the European government supports automation in industries and technological advancements through its policies and initiatives. This will help the regional market grow leading to regional companies working towards launching new and advanced innovations leading to expansion in the automated material handling market.
As a part of the report, the major players operating in the automated material handling market that have been covered are BEUMER Group, Daifuku Co., Ltd., Honeywell Intelligrated, Dematic GMBH & Co. KG, Amazon Robotics, The Schaefer Group, Bosch Rexroth, Siemens AG, Toyota Industries Corporation, and Konecranes Plc.
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This analytics report segments the automated material handling market on the following basis: