Month: February 2024

E-commerce Market Revenues to Reach USD 18.81 Trillion by 2029 – Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

According to the latest research report titled, “E-commerce Market Report (2023 – 2028)” by Mordor Intelligence, the market is estimated at USD 8.80 trillion in 2024 and growing at a CAGR of 15.80% during the forecast period. 

The global population of smartphone users is on the rise alongside the expanding reach of the internet. E-commerce possibilities, including digital content, financial services, travel and leisure, and online retail (e-tailing), are becoming increasingly accessible to the growing internet-connected clientele. This surge in popularity aligns with the upward trajectory of internet usage.   

Established businesses and large corporations are drawn to online ventures due to the cost-effectiveness of communication and infrastructure. E-commerce serves as an efficient means for organizations to connect with clients, providing crucial exposure. The driving force behind e-commerce is further propelled by the utilization of online marketing tools such as Google advertisements and Facebook ads. 

 Report Summary 

  • Market Size (2024): USD 8.80 trillion 
  • Market Size (2028): USD 18.81 trillion 
  • CAGR (2024 – 2029): 15.80% 
  • Study Period: (2019-2029) 
  • Fastest Growing Market: Asia-Pacific  
  • Fastest Growing Market: North America  
  • Forecast Units: Value (USD Trillion) 
  • Report Scope: Market Dynamics, Revenue Forecast & Segmentation, Competitive Landscape & Recent Developments, Market Growth, Future Opportunities, and Trends   
  • Key Market Drivers: Advancements in Technology, Initiatives by the Government, and Increasing Consumer Interest in Convenient Shopping solutions  

Which are the Top Companies in The E-commerce Market?     

In the realm of e-commerce, numerous local and global enterprises have extended their reach, leading to intense competition. Product launches, high expenses on R&D, acquisitions, and partnerships are few of the growth strategies adopted by top companies to sustain the intense competition.  

Prominent players in the e-commerce market are: 

  • Amazon.com Inc. 
  • Alibaba Group Holding Limited 
  • Airbnb, Inc. 
  • Walmart Inc. 
  • JD.com Inc. 
  • Rakuten Inc. 
  • Inter Ikea Systems B.V. 
  • Costco Wholesale Corporation 
  • Flipkart 
  • Best Buy Co. Inc. 

Other Reports that Might be of Your Interest 

  • France E-commerce Market Report: The France E-commerce Market size is estimated at USD 78.44 billion in 2023, and is expected to reach USD 112.56 billion by 2028, growing at a CAGR of 7.49% during the forecast period (2023-2028). 
  • Brazil E-commerce Market Report: The Brazil E-commerce Market size is expected to grow from USD 44.46 billion in 2023 to USD 105.69 billion by 2028, at a CAGR of 18.91% during the forecast period (2023-2028). 

 

Key Highlights from The E-commerce Market Report 

 

1. Growing Use of Smartphones is Driving The E-commerce Sales 

  • The growth of the e-commerce sector is expected to be supported by rising internet penetration and smartphone use 
  • The proliferation of smartphones has contributed to the rise of mobile commerce. In South Korea, 44.3% of internet users made weekly online purchases via mobile phones in Q3 2022, with notable percentages in Chile, Malaysia, and Taiwan 
  • According to Ericsson, 5G population coverage is expected to reach 85%, and 5G networks are anticipated to handle around 70% of mobile traffic by 2028 
  • In October 2022, Chinese 5G mobile phone shipments accounted for 80.1% of total shipments, reaching nearly 19.52 million 
  • Northern Europe leads in internet penetration with approximately 97%, followed by Western Europe at 93.5%, contributing to a global average of around 64.6% 
  • Consumers are reliant on digital devices now more than ever, and it is expected that mobile will inch closer to becoming consumers’ preferred channel for online shopping within the next five years 
  • Major retailers are enhancing the consumer experience through specialized apps and e-commerce sites, while some expect mobile users to adapt to existing platforms 
  • In May 2022, Alibaba, which is a Chinese e-commerce company, expanded its Lazada marketplace into Europe  

2. Initiatives by The Government 

A notable trend in the e-commerce market is the growing emphasis on government and corporate initiatives aimed at bolstering online sales. The Indian Union Ministry recently revealed plans to establish Bharat Craft, an e-commerce platform in India inspired by Alibaba, to provide a marketplace for MSMEs (Micro, Small, and Medium Enterprises) to promote and sell their products, contributing to the nation’s economic advancement.  

At the national level, governmental entities are enhancing their policies and strategies to ensure the long-term sustainability and protection of consumers. Elevated environmental and social standards will positively influence the environmental and social norms of countries, impacting the viability of e-commerce businesses within their borders. The imposition of stringent sanctions, for instance, will pose challenges for companies entering the e-commerce sector, whereas more lenient sanctions will facilitate easier entry for businesses.  

What are the Latest Developments in the E-commerce Market?    

  • In February 2023: To democratize online buying in the South Asian market, Amazon recently announced that the company is joining an Indian e-commerce initiative. The goals of Open Network for Digital Commerce (ONDC) by Amazon include allowing small companies to become digital and giving customers throughout the nation ease and choice, which are strongly linked with Amazon’s vision and commitment to India. 
  • In January 2023: Walmart launched a new e-commerce site targeting small and midsized enterprises and not-for-profit organizations with more than 100,000 products ranging from office supplies to automobiles and heating and air conditioning components. Moreover, Walmart’s Business+ membership program offers free shipping and other perks.  

Mordor Intelligence Report on the E-commerce Market segments the market based on product type, application, and geography: 

  • By B2C ecommerce (Market Size & Forecast based on Value (USD Trillion), 2023-2028)   
  • Market Size (GMV) Estimates and Forecasts 
  • By Application (Market Size & Forecast based on Value (USD Trillion), 2023-2028)   
  • Beauty & Personal Care 
  • Consumer Electronics 
  • Fashion & Apparel 
  • Food & Beverage 
  • Furniture & Home 
  • Other Applications (Toys, DIY, Media, etc.) 
  • By B2B ecommerce (Market Size & Forecast based on Value (USD Trillion), 2023-2028)   
  • Market Size (GMV) Estimates and Forecasts 
  • By Geography (Market Size & Forecast based on Value (USD Trillion), 2023-2028)   
  • North America 
  • United States 
  • Canada 
  • Europe 
  • Germany 
  • United Kingdom 
  • France 
  • Spain 
  • Italy 
  • Rest of Europe 
  • Asia-Pacific 
  • China 
  • Japan 
  • India 
  • South Korea 
  • Rest of Asia-Pacific 
  • Latin America 
  • Middle East and Africa 

In a nutshell, the Mordor Intelligence Market Research Report provides in-depth market insight to industry players, investors, researchers, consultants, and business strategists, looking for comprehensive details on the E-commerce industry. Get a glance at the E-commerce Market Report (2023 – 2028). 

About Mordor Intelligence 

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.  

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.   

Other Related Reports that Might be of Interest 

  • Mobile Commerce Market Report: The Global Mobile Commerce Market size is expected to grow from USD 420.2 billion in the current year to USD 1,709.6 billion by the end of the forecast period, registering a CAGR of 32.4% during the forecast period. 
  • Payment Security Market Report: The Payment Security Market size is expected to grow from USD 23.48 billion in 2023 to USD 48.14 billion by 2028, at a CAGR of 15.44% during the forecast period (2023-2028). 

Media Contact
Company Name: Mordor Intelligence Private Limited
Contact Person: Prateeksha Rawat
Email: Send Email
Phone: +1 617-765-2493
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City: Hyderabad
State: Telangana 500008
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Spring Into Action: How Personal Network Fundraising is Reshaping Springs Sports Fundraising Efforts

Spring Into Action: How Personal Network Fundraising is Reshaping Springs Sports Fundraising Efforts

As the spring season beckons, marking the commencement of numerous sports activities, the quest for effective fundraising strategies becomes paramount for teams and schools across the nation. Recognizing this annual challenge, Hour-A-Thon steps forward with an innovative solution designed to revolutionize sports team fundraising. Utilizing the Hour-A-Thon platform and personal network fundraising they have revolutionized the fundraising process. 

Hour-A-Thon, based in Tualatin, Oregon, has meticulously crafted a fundraising model that transcends traditional methods, offering teams and schools an opportunity to raise significant funds within a concise timeframe. The company’s approach leverages the power of community engagement and digital convenience, enabling participants to reach a wider audience with minimal effort. This innovative strategy called “personal network fundraising” not only maximizes fundraising potential but also minimizes the common obstacles associated with traditional fundraising activities. 

At the core of Hour-A-Thon’s service is a commitment to providing a hassle-free experience for both organizers and supporters. The platform’s user-friendly interface allows teams to set up their fundraising campaign swiftly, with personalized support from the Hour-A-Thon team every step of the way. By focusing on engaging activities that encourage community participation, Hour-A-Thon ensures that each campaign is not only successful but also an enjoyable experience for all involved. 

Michael Braunstein, a spokesperson for Hour-A-Thon, emphasizes the significance of their service: “We understand the challenges teams and schools face when it comes to fundraising. Our goal at Hour-A-Thon is to offer a solution that not only meets these challenges head-on but also adds value to the overall experience. With our platform, fundraising becomes less of a chore and more of an opportunity to unite and engage the community, all while achieving financial goals.” 

As teams gear up for the upcoming sports season, the importance of securing funds for equipment, uniforms, travel, and other essential expenses cannot be overstated. Hour-A-Thon’s timely introduction of its service provides a much-needed alternative to traditional fundraising methods, which often involve significant time, resources, and logistical planning. With Hour-A-Thon, teams can focus more on their sports activities and less on the financial stressors, knowing that their fundraising efforts are in capable hands. 

For those interested in learning more about how Hour-A-Thon can support their fundraising efforts, further details are available on the company’s website at Hour-A-Thon. Teams and schools are invited to explore the platform and discover the myriad of benefits that Hour-A-Thon’s fundraising solution offers. From customizable campaigns to real-time tracking and support, Hour-A-Thon is equipped to make every fundraising endeavor a resounding success. 

Hour-A-Thon is more than a fundraising platform; it’s a partner in success for teams and schools nationwide. As we move forward into the spring and summer sports seasons, Hour-A-Thon’s innovative approach to fundraising is set to make a significant impact, providing a beacon of support for those looking to achieve their goals both on and off the field.

Media Contact
Company Name: Hour-A-Thon
Contact Person: Michael Braunstein
Email: Send Email
Phone: (800) 484-0423
Address:10830 SW Tualatin Sherwood Road Suite 100
City: Tualatin
State: OR 97062
Country: United States
Website: https://www.hour-a-thon.com

Clover Group’s Newest Community Brings Active Aging to Crystal Lake

Clover Group's Newest Community Brings Active Aging to Crystal Lake
Nestled in the heart of Crystal Lake, Illinois, Crystal Lake Senior Apartments represents a $30 million investment, offering 119 meticulously designed residences tailored to meet the diverse needs of its residents.

Crystal Lake, IL – Feb 29, 2024 – Clover Group, a distinguished name in active aging communities, is thrilled to announce the grand debut of its latest development, Crystal Lake Senior Apartments, at 731 East Terra Cotta Avenue, Crystal Lake, Illinois. This marks Clover Group’s inaugural venture in the Chicagoland area, introducing a $30 million investment into a state-of-the-art active aging community designed for the modern senior.  

Resident amenities at the community include a spacious community room, a cozy fireplace lounge, a café, beauty salon, fitness center, and game room, offering residents an engaging and active lifestyle. For added comfort, the building features controlled access entry, wide hallways with handrails, indoor trash rooms, an indoor mail system, and emergency pull cords in all apartments.  

“We’re very excited to be bringing our Clover Group communities to the Chicago market. We provide a type of housing for independent, middle-class, active adult seniors that no one else provides,” says Michael Joseph, CEO of Clover Group. This development is not just a first for Clover Group in Chicagoland but a pioneering step towards redefining active senior living in the region.  

Rental rates at the community begin at $2,095 monthly, covering all utilities such as gas, water, electricity, cable, and internet. The apartments offer diverse floor plans, including 1BR, 2BR/1BA, and 2BR/1.5BA options. The community is supported by an onsite Property Manager, a full-time maintenance team, and an activity director who ensures a range of engaging experiences for residents  

As Crystal Lake’s premier active adult community, Clover Group promises a fulfilling and healthy lifestyle for its residents. Prospective residents seeking more information are invited to visit clovergroupinc.com to discover the Clover Group difference and embark on a new chapter in their senior living excellence.  

About Clover Group 

Clover Group is a leading provider of active aging communities, dedicated to creating thriving and fulfilling lifestyles for older adults. With a focus on excellence and innovation, Clover Group’s communities offer a range of amenities and services designed to enhance the well-being of residents and create a sense of community.  

Clover Group manages over 5,000 senior apartments predominantly in the Northeastern US, boasts extensive experience and expertise in senior living. The company is soon expanding into the Chicago market, initiating a plan to introduce five to six more communities in the region. 

Media Contact
Company Name: Clover Group Inc.
Contact Person: Clover Group Marketing Communications Manager
Email: Send Email
Phone: (716) 688-4503
Country: United States
Website: https://clovergroupinc.com/

Certified Residential Appraiser Kendrick Spencer Leads the Charge in Unifying Appraisers and Real Estate Professionals

Kendrick Spencer, an experienced Certified Residential Appraiser, stands at the forefront of a transformative movement that fosters collaboration between Appraisers, Real Estate Agents & and Investors. His mission extends beyond traditional appraisal services, encompassing education and empowerment for professionals seeking to enhance their understanding of property valuation.

In an industry often marked by silos, Kendrick Spencer is committed to breaking down barriers between Appraisers and Real Estate Agents & Investors. Recognizing the synergy that collaboration brings, Kendrick is on a mission to facilitate open dialogue, creating an environment where both parties can work seamlessly towards accurate property valuations and prosperous real estate transactions.

Kendrick’s expertise goes beyond the conventional role of an appraiser. With an acute understanding of the challenges faced by Real Estate Agents and Investors, he offers tailored insights into pricing listings and determining After Repair Value (ARV). His data-driven approach empowers professionals to make informed decisions, unlocking the full potential of their real estate assets.

Recognizing the importance of knowledge-sharing, Kendrick Spencer dedicates time to educating Real Estate Agents and Investors about the intricacies of the valuation process. Through workshops, seminars, and personalized consultations, Spencer ensures that industry professionals are well-equipped with the knowledge needed to navigate the complexities of property valuation, fostering a culture of informed decision-making.

With a distinguished career spanning over half a decade, Kendrick Spencer has successfully completed thousands of residential appraisals. His unwavering commitment to excellence is demonstrated by the thousands of hours invested in continuous learning and skill refinement. Kendrick’s reputation for delivering accurate and credible property valuations has solidified him as a trusted authority in the field.

Here is what some of his clients have to say about him:

“I’ve worked with R1, and more specifically Kendrick Spencer, for years now. This team is highly knowledgeable and extremely professional. I’ll continue to work with Kendrick for any and all of my appraisal needs,” says Avery Lemmon, Real Estate Agent.

“I have personally worked with Kendrick and he is phenomenal. He is very thorough and has good knowledge about determining value and the real estate market. Definitely knows his stuff. He is also very friendly and easy to work with. Would 100% recommend,” adds Parker Barton, Real Estate Agent.

Real estate professionals seeking a comprehensive approach to property valuation and education can now benefit from Kendrick Spencer’s extensive experience and commitment to excellence.

For more information, to order an appraisal, or for other inquiries, contact Kendrick at:

Kendrick@kendrickspencer.com

kendrickappraise.com

or text 480-588-9033

About Kendrick Spencer:

Kendrick Spencer is a Certified Residential Appraiser with over five years of experience in the industry. Renowned for completing thousands of appraisals, Kendrick is dedicated to bridging the gap between Appraisers and Real Estate Agents & Investors. His multifaceted approach includes providing pricing expertise, determining After Repair Value, and offering education on the valuation process to empower industry professionals.

Media Contact
Company Name: Incite Authority
Contact Person: Alicia Dibrell
Email: Send Email
Phone: 7022027939
Country: United States
Website: https://www.inciteauthority.com/

Saudi Arabia Real Estate Market Revenues to Reach USD 101.62 billion by 2029- Market Size, Share, Forecasts, & Trends Analysis Report by Mordor Intelligence

According to the latest research report titled, “Saudi Arabia Real Estate Market (2024 – 2029)” by Mordor Intelligence, the Saudi Arabia real estate market is estimated at USD 69.51 billion in 2024 and growing at a CAGR of 8% during the forecast period. 

In the final quarter of 2022, Saudi Arabia’s office sector remained robust, especially in Riyadh, where stock levels are minimal, and upcoming developments are mostly fully pre-leased. Grade A offices in Riyadh experienced a 5.8% year-on-year increase in rental rates in 2022, while Grade B rents saw a 1.5% rise. Average occupancy rates for both Grades A and B improved slightly to 99.2% and 98.7%, respectively, marking annual increases of 0.8 and 1.9 percentage points in 2022. 

In Jeddah, Grade A office rents surged by 7.4% in the year leading up to December 2022, while Grade B rents remained stable. Both Grade A and Grade B office occupancy rates increased to 90.6% and 76.0%, respectively, up from 87.8% and 74.6% in 2021. In the Eastern Province, Dammam, and Khobar they witnessed Grade A rent hikes of 7.9% and 6.2%, respectively, by the end of 2022, while Grade B rents remained unchanged. Occupancy levels for Grade A offices in Dammam and Khobar stood at 81.2% and 78.7%, respectively, at the close of 2022. 

Report Summary 

  • Market Size (2024): USD 69.51 billion 
  • Market Size (2029): USD 101.62 billion 
  • CAGR (2024 – 2029): 8% 
  • Study Period: (2020-2029) 
  • Forecast Units: Value (USD Billion)   
  • Report Scope: Market Dynamics, Revenue Forecast & Segmentation, Competitive Landscape & Recent Developments, Market Growth, Future Opportunities, and Trends    
  • Market Drivers: Growth in Commercial Activities Increased Competition and Increasing Demand for Affordable Housing Units 

Which are the Top Companies in the Saudi Arabia Real Estate Market?     

The Saudi Arabian real estate market is fiercely competitive, driven by rising demand for new properties amid commercial expansion and heightened competition. Over 95% of local real estate developers operate using outdated methods. These traditional approaches will pose challenges in meeting the market’s demand for high-quality office buildings. Additionally, the Kingdom has required all foreign companies holding government contracts to relocate their headquarters to Saudi Arabia. 

Prominent players in the Saudi Arabia real estate market: 

  • Jenan Real Estate Company 
  • Ewaan Co. Ltd 
  • Sedco Development 
  • Jabal Omar 
  • Emaar 
  • Al Saedan Real Estate 
  • Kingdom Holding Company 
  • Abdul Latif Jameel 
  • Dar Ar Alkan 

Other Reports that Might be of Your Interest 

  • Residential Real Estate Market in Turkey Report: The Residential Real Estate Market in Turkey Market size is estimated at USD 99.05 billion in 2024, and is expected to reach USD 168.11 billion by 2029, growing at a CAGR of 11.16% during the forecast period (2024-2029) 
  • Oman Residential Real Estate Market Report: The Oman Residential Real Estate Market size is estimated at USD 4.38 billion in 2024, and is expected to reach USD 6.80 billion by 2029, growing at a CAGR of 9.19% during the forecast period (2024-2029) 

Key Highlights from the Saudi Arabia Real Estate Market Report 

 

1. Sustaining the Real Estate Market: The Role of the Residential Sector 

  • Saudi Arabia has identified housing as one of its key projects under Vision 2030.  
  • The housing ministry aims to build 300,000 housing units over the next five years, in partnership with the private sector. 
  • Looking at Saudi Arabia’s office sector numbers, visitation to the workplace remained higher than its pre-pandemic baseline, presently standing 19.3% higher.  
  • The focus of activity remains on Riyadh, where demand continues to surpass supply. 
  • Consequently, occupancy levels in Riyadh have increased by 0.7 percentage points in the prior quarter, reaching 98.1% on average in 2022. 
  • Constrained supply levels have also continued to sustain rental rate rise, with average Grade A and Grade B rentals increasing by 3.9% and 4.2%, respectively, in the year 2022. 
  • To attain a housing supply of 4.96 million residences by 2030, the Kingdom will need to build around 1.2 million additional homes during the next decade.  
  • Housing demand is predicted to rise from 99,600 houses in 2021 to 153,000 houses by 2030, with an average of 124,000 dwellings built per year over that time. 
  • In the last decade, the Kingdom of Saudi Arabia has significantly progressed in reforming its housing industry. 
  • It is expected to accomplish its goals of 70% house ownership and an 8.8% contribution to national GDP by 2030.  

2. Riyadh Emerges as Hub: International Companies Establish Regional Headquarters 

Saudi Arabia has introduced a new program to expedite its efforts to attract international companies. Under this initiative, companies with foreign operations below 1 million Saudi riyals (USD 266,000) can operate within the kingdom without establishing a local headquarters. It’s projected that by 2030, around 480 companies will establish operations in Saudi Arabia, contributing to the diversification of its economy. Notable corporations like PepsiCo, Unilever, Siemens, and others have already relocated their regional headquarters. This initiative, known as the Kingdom of Saudi Arabia’s Regional Headquarters Attraction Programme for Multinational Companies, aligns with Vision 2030 and aims to bolster the local economy while fostering collaboration between local talent and multinational corporations. In Riyadh, Grade A office rents rose by 5.9%, while Grade B saw a 3.5% increase in the twelve months leading up to September 2022. 

What are the Latest Developments in the Saudi Arabia Real Estate Market?    

  • In May 2023: The National Security Services Company (SAFE), which leads the transformation of the local security services sector, has signed an acquisition agreement to acquire ABANA Enterprises Group Company’s assets connected to the transit of cash and valuable goods. ABANA Enterprises Group Company is at the forefront of providing such services in the Kingdom. 
  • In July 2022: SEDCO Capital REIT Fund’s board approved acquiring two income-generating real estate assets worth SR700 million (USD 187 million), located in Riyadh and Jeddah. This acquisition will be covered by new units and by using banking facilities in accordance with the Fund’s terms and conditions, according to a bourse filing. 

Mordor Intelligence Report on the Saudi Arabia Real Estate Market segments the market based on product type, application, and geography: 

  • By Property Type (Market Size & Forecast based on Value (USD billion), 2024-2029)   
  • Residential Real Estate 
  • Apartments  
  • Villas  
  • Other Types of Residential Real Estate  
  • Commercial Real Estate 
  • Offices  
  • Retail  
  • Hospitality  
  • Other Types of Commercial Real Estate 

In a nutshell, the Mordor Intelligence Market Research Report provides in-depth market insight to industry players, investors, researchers, consultants, and business strategists, looking for comprehensive details on the Saudi Arabian real estate industry. Get a glance at the Saudi Arabia Real Estate Market Report (2024 – 2029) 

About Mordor Intelligence 

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.  

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.   

Other Related Reports that Might be of Interest 

  • Commercial Real Estate Market in Mexico Report: The Commercial Real Estate Market in Mexico Market size in terms of transaction value is expected to grow from USD 53.60 billion in 2024 to USD 75.99 billion by 2029, at a CAGR of 7.23% during the forecast period (2024-2029) 
  • Malaysia Real Estate Market Report: The Malaysia Real Estate Market size is estimated at USD 36.76 billion in 2024, and is expected to reach USD 50.69 billion by 2029, growing at a CAGR of 6.64% during the forecast period (2024-2029) 

Media Contact
Company Name: Mordor Intelligence Private Limited
Contact Person: Prateeksha Rawat
Email: Send Email
Phone: +1 617-765-2493
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City: Hyderabad
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Meniscus Repair Systems Market Size, Share, Trends And Forecast To 2032

Meniscus Repair Systems Market By Product (All-Inside Meniscal Repair System, Outside-In Meniscal Repair System, Inside-Out Meniscal Repair System, Meniscal Root Repair System), By Application (Radial Tear, Horizontal Tear, Flap Tear, Complex Tear, Bucket-Handle Tear, Oblique Tear), By End-User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers) – Growth, Future Prospects And Competitive Analysis, 2024 – 2032

Global Meniscus Repair Systems Market Set to Surge, Anticipates 7.6% CAGR Growth

The global meniscus repair systems market is on a trajectory of robust development, poised to expand at a notable CAGR of 7.6% in the coming years. This growth is primarily fueled by a rising number of meniscal allograft transplant and repair procedures worldwide, driven by increasing awareness of advanced medical technology and a surge in hospital admissions for osteoarthritis.

Access Complete Report From https://www.acutemarketreports.com/report/meniscus-repair-systems-market

An array of integrated repair solutions, including all-inside meniscal repair systems, outside/in or inside-out meniscal repair techniques, and root repair methods, are key contributors to the market’s upward trend. Notably, the all-inside meniscal repair systems are expected to witness the highest share by the end of 2030, underpinned by their biomechanically strong outcomes and enhanced single insertion techniques.

In 2021, the all-inside meniscal repair system held the lion’s share of the global market, boasting products such as the CrossFix® meniscal repair system, NovoStitch Pro, Sequent® meniscal repair device, among others. Factors such as escalating sports injuries, a growing incidence of osteoarthritis among the aging population, and technological advancements in the sports medicine industry further propel the demand for meniscal repair systems.

The market is witnessing a surge in expansion efforts, with new suture systems, regulatory approvals, product launches, and strategic partnerships driving growth. For instance, in April 2018, Ceterix Orthopaedics, Inc. introduced the NovoStitch system, enabling surgeons to place stitches arthroscopically, thus facilitating the treatment of intricate meniscal tears.

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Furthermore, radial meniscus tears, prevalent among the younger population engaged in sports activities, are expected to experience significant growth, fueled by advancements in surgical techniques and the introduction of innovative products such as the SuperBall meniscus repair system by Arcuro Medical Ltd., approved by the U.S. FDA in June 2018.

The market is dominated by key players such as Stryker Corporation, Zimmer Biomet, CONMED Corporation, Arthrex, Inc., and others, who are actively engaged in research and development to bolster their product pipelines. Strategic acquisitions and partnerships, along with a focus on technological innovation, are expected to drive market development, particularly in developing nations.

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In conclusion, the global meniscus repair systems market is poised for remarkable growth, driven by increasing surgical procedures, technological advancements, and strategic initiatives by key market players. With a strong emphasis on research and development, the market is primed to address the evolving needs of patients and healthcare professionals worldwide.

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Company Name: Acute Market Reports, Inc.
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Data Security as a Service Market Analysis And Trends By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast – 2027

“Cisco (US), AWS (US), Thales (France), IBM (US), Cognizant (US), Micro Focus (UK), Microsoft (US), Varonis Systems (US), Imperva (US), Commvault (US), HPE (US), Acronis (Switzerland), Veritas Technologies (US), Asigra (Canada), NetApp (US), GuidePoint Security (US), Informatica (US), Carbonite (US), TrustArc(US), Cloudian(US), NetWrix (US), Alation (US).”
Data Security as a Service Market by Type (Data Encryption and Masking as a Service, Data Governance and Compliance as a Service), Organization Size, Vertical (BFSI, IT and ITeS, Healthcare, Manufacturing, Education) and Region – Global Forecast to 2027

MarketsandMarkets forecasts the global data security as a service market to grow from an estimated USD 31.0  billion in 2022 to USD 55.3 billion by 2027 at a compound annual growth rate (CAGR) of 12.3%. Data evolution, regulatory compliances, and rising concerns regarding significant data loss are some factors driving the data security as a service (DSaaS) market growth.

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=25434618

What is DSaaS?

According to MarketsandMarkets, data security as a service (DSaaS) enables organizations to mitigate risks, protect data from hackers, and remove compliance burdens with the help of cloud-native services. Adequate data security entails a set of controls, applications, and techniques that evaluate the importance of various datasets and apply the best security measures.

By type, Data Governance & Compliance as a Service segment to grow at the highest CAGR during the forecast period

Data governance empowers organizations to extend access governance to unstructured data and structured data in the enterprise workstations and cloud environment. More than 80% of the enterprise data is unstructured and expected to be doubling exponentially. Managing and securing this unstructured data poses significant challenges, which legacy methods fail to address. Data governance provides an automated, scalable, and interoperable platform to govern this unstructured data. Furthermore, governing access to such enormous volumes of data is a critical challenge for enterprises. It is complex to identify where the data resides, who in the business has ownership of the data, and who is entitled to access the data. With the help of a data governance solution, these issues can be resolved easily.

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By organization size, the SMEs segment to grow at the highest CAGR during the forecast period

The prevailing usage of mobile technology and the adoption of BYOD trends and cloud-based services has enhanced the profits of SMEs. This has helped SMEs in improving their overall business structure. The growing usage of mobile devices has influenced data transfer over business networks to personal devices, such as mobile phones and laptops. This helps increase the fraudulent data, cyberattacks, data losses, and threat of personal data thefts. The rising security issues have made way for SMEs to focus their concerns on data security as a service solution. Although SMEs must consider their limited budgets, comprehending corporate information is essential, making them use data discovery and classification, data protection, and data governance solutions. In the coming years, data security as a service solution is expected to witness high adoption among SMEs.

Unique Features in the Data Security as a Service Market 

With the help of DSaaS, enterprises may enforce uniform security protocols and compliance requirements by centrally managing data security rules and controls across several cloud environments and data repositories.

Encryption, tokenization, data masking, access controls, and data loss prevention (DLP) are just a few of the many data security services that DSaaS provides to guarantee the availability, confidentiality, and integrity of sensitive data kept in the cloud.

Because DSaaS solutions are flexible and adaptable, they may grow with an organization’s data security requirements as it adopts new cloud services and apps and expands its cloud footprint.

With the use of AI algorithms, machine learning, and advanced analytics, DSaaS systems offer continuous monitoring and threat detection capabilities. This reduces the possibility of data breaches and unauthorised access by quickly identifying and mitigating security threats.

By offering integrated controls and audit trails for monitoring data access and usage, DSaaS solutions assist businesses in complying with laws like the CCPA, GDPR, HIPAA, and PCI DSS.

Major Highlights of the Data Security as a Service Market 

The demand for scalable and adaptable data protection solutions, growing concerns about data security and privacy, and the expanding acceptance of cloud-based solutions are all contributing to the DSaaS market’s rapid expansion.

In order to handle the particular data security issues that come with cloud environments—such as data residency, compliance, and visibility into cloud-based workloads and data repositories—organizations are embracing DSaaS solutions more and more.

Sensitive data saved in the cloud is guaranteed to be safe, intact, and readily available thanks to the extensive data security features provided by DSaaS systems. These features include tokenization, encryption, data masking, access controls, and data loss prevention (DLP).

With the help of DSaaS solutions, enterprises may enforce uniform security protocols and compliance requirements by centrally managing data security rules and controls across several cloud environments and data repositories.

DSaaS solutions minimise the risk of data breaches and unauthorised access by providing continuous monitoring and threat detection capabilities. They do this by utilising AI algorithms, machine learning, and sophisticated analytics to detect and respond to security threats in real-time.

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Competitive Overview:

The key players have adopted various growth strategies such as partnerships, agreements, collaborations, acquisitions, and product developments to increase their market presence.

 Cisco, a company established in 1984 and based in California, US, designs and manufactures products and services that facilitate internet connectivity and information access through networks. Cisco is a key manufacturer of cloud solutions and services that enables the company to offer gamut of data security as a service (DSaaS) offerings. The company offers products and solutions for networking, IoT, mobility and wireless, security, data center, and cloud computing. Cisco provides numerous cloud solutions, including a Cloud Operations platform, Workload Optimization, and Application Performance Monitoring. With their ecosystem partners, Cisco develops and tests to-purchase and quick-to-deploy solutions. Proven data protection solutions are available for any size and kind of environment through the company’s extensive ecosystem of software partners. Cisco Unified Computing provides servers ranging from Terabytes to Petabytes to protect data. The company’s UCS manager gives policy-based administration to computing, storage, networking, and infrastructure automation.

GuidePoint Security offers cutting-edge and priceless cybersecurity solutions and knowledge to help enterprises achieve their goals. GuidePoint assists clients in identifying threats, comprehending solutions, and reducing risks in their changing IT environments by adopting new technologies. To expose risks, maximize resources, and execute best-fit solutions, the organization adopts the role of a trusted advisor by understanding the business and its difficulties and reviewing the cybersecurity posture and ecosystem. The organization wants to tackle the most challenging cybersecurity difficulties, offer solutions for those intricate problems, and produce significant outcomes.

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Automation Testing Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2028

“IBM (US), Accenture (Ireland), Broadcom (US), OpenText (Canada), Capgemini (France), Microsoft (US), Keysight Technologies (US), Cigniti Technologies (India), Tricentis (US), Cygnet Infotech (India), Invensis Technologies Pvt Ltd (India), QualityKiosk Technologies Pvt. Ltd. (India), Apexon (US), Idera, Inc. (US), QA Source (US), Astegic (US), Worksoft (US).”
Automation Testing Market by Offering (Testing Types (Static Testing and Dynamic Testing) and Services), Endpoint Interface (Mobile, Web, Desktop, and Embedded Software), Vertical (BFSI, Automotive, IT & ITeS) and Region – Global Forecast to 2028

The global automation testing market size is estimated to grow from USD 28.1 billion in 2023 to USD 55.2 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 14.5% during the forecast period. The reusability of automated test scripts stands as a pivotal factor driving the growth and widespread adoption of automation testing in the software development landscape. This characteristic allows test scripts to transcend individual stages of development and adapt seamlessly to various releases, providing a level of consistency and efficiency unparalleled in manual testing. The ability to reuse automated test scripts across different phases of the development lifecycle not only minimizes redundancy but also fosters a streamlined testing process. This efficiency is crucial in agile and iterative development models where software undergoes frequent updates. Automated test scripts become valuable assets that maintain their relevance over time, offering a cost-effective and time-saving approach to testing. By effortlessly adapting to multiple scenarios, these reusable scripts contribute to thorough test coverage, ensuring that software functionalities remain robust and dependable across diverse development stages and release cycles. This intrinsic reusability feature significantly enhances the scalability and effectiveness of automation testing, making it an indispensable tool for organizations striving to meet the demands of rapid and high-quality software delivery.

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The increasing emphasis on API-first development places automation testing tools at the forefront of validating crucial aspects such as functionality, security, and performance of APIs. In this paradigm, where APIs serve as the backbone for seamless integration and communication between software components, automation testing becomes indispensable. These tools rigorously verify the functionality of APIs to ensure they meet specified requirements, conduct thorough security testing to identify and mitigate potential vulnerabilities and assess the performance of APIs under varying conditions. By automating these critical aspects of API testing, organizations can enhance the reliability and interoperability of their software components, facilitate faster integration cycles, and ultimately deliver robust and secure applications in an API-driven development landscape. The role of automation testing tools in this context not only ensures the quality of individual APIs but also contributes significantly to the overall success of API-first development strategies.

“Based on the endpoint interface, the web segment will hold the largest market size during the forecast period.”

In the dynamic web landscape, where users access content through diverse platforms, cross-browser compatibility is paramount for delivering a consistent user experience. Automation testing serves as a crucial mechanism to navigate the intricacies of multiple browsers, each with its unique versions and rendering engines. By employing automation testing, organizations can systematically verify the functionality and appearance of web applications across a spectrum of popular browsers, including Chrome, Firefox, Safari, and Edge. This comprehensive testing approach enables the identification of any inconsistencies or issues that may arise due to variations in browser behavior. It ensures that web applications not only meet users’ expectations on different browsers but also adhere to industry standards, promoting a seamless and uniform experience regardless of the chosen browser. Automation testing, in this context, acts as a robust quality assurance measure, supporting developers in creating web applications that perform optimally and uniformly across the diverse browser ecosystem.

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Unique Features in the Automation Testing Market

Reusable test scripts may be written thanks to automation testing, which makes it possible to test software products efficiently across versions and iterations without having to start from scratch every time.

Automation testing tools ensure consistent and thorough test coverage across several environments by supporting testing across multiple platforms, such as web, mobile, desktop, and cloud-based applications.

Large and complicated software systems can be tested more faster by using automation testing, which allows several test scripts to run at once.

Continuous integration and delivery (CI/CD) pipelines and automation testing work together seamlessly to enable automated testing throughout the software development lifecycle (SDLC) and to accelerate the deployment of high-caliber software releases.

Automation testing solutions enable teams to make data-driven decisions and continuously enhance testing procedures by providing comprehensive reporting and analytics features that offer extensive insights into test execution results, test coverage, defect patterns, and overall test quality.

Major Highlights of the Automation Testing Market

Due to the growing requirement for high-quality software applications to be delivered more quickly, the adoption of agile and DevOps approaches, and the need to minimise testing expenses and efforts, the market for automated testing is expanding quickly.

By moving testing activities earlier in the software development lifecycle (SDLC), automation testing is helping companies find and solve bugs sooner, cut down on rework, and expedite time-to-market.

In order to ensure quicker feedback loops and better software quality, automation testing is a crucial component of CI/CT pipelines. It allows companies to automate testing tasks all the way from code commit to deployment.

The seamless integration of automation testing with DevOps and agile processes facilitates the automation of testing tasks, enhances cooperation between the development and testing teams, and allows organisations to deliver software faster and more frequently.

The scalability and flexibility of automation testing solutions enable organisations to adjust their testing activities to suit the demands of projects with different sizes and levels of complexity, as well as to changing testing specifications over time.

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Top Key Companies in the Automation Testing Market

Crucial and innovative vendors in the automation testing market include IBM (US), Accenture (Ireland), Broadcom (US), OpenText (Canada), Capgemini (France), Microsoft (US), Keysight Technologies (US), Cigniti Technologies (India), Tricentis (US), Cygnet Infotech (India), Invensis Technologies Pvt Ltd (India), QualityKiosk Technologies Pvt. Ltd. (India), Apexon (US), Idera, Inc. (US), QA Source (US), Astegic (US), Worksoft (US), ACCELQ (US), Sauce Labs (US), SmartBear (US), Parasoft (US), Applitools (US), AFour Technologies (India), QA mentor (US), Mobisoft Infotech (US), ThinkSys (US), Qt Group (Finland), Codoid (India). The market players have adopted various strategies to strengthen their automation testing market position. Organic and inorganic strategies have helped the market players expand globally by providing automation testing solutions.

IBM

IBM is a global technology and consulting company; IBM operates several key segments that collectively define its business strategy. Its software segment delivers solutions for hybrid cloud, data, AI, automation, and security, with offerings such as  Red Hat, automation tools, and data analytics. In the consulting segment, IBM provides industry expertise and technology implementation services, driving digital transformation through AI and automation and infrastructure solutions; in the Hybrid Infrastructure and Infrastructure Support segments, provides agile and secure platforms, including zSystems, Power, Storage, and IBM Cloud IaaS, essential for hybrid cloud and AI workloads. Financing solutions enable clients to acquire critical IT systems and services, supporting IBM’s hybrid cloud and AI strategy. IBM has a robust geographical presence in North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America.

Microsoft

Microsoft is an American multinational technology company; it operates across three key segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. In the Productivity and Business Processes segment, they offer the well-known Office Suite, including Word, Excel, PowerPoint, and Outlook, along with cloud-based solutions like Office 365 and Microsoft 365, which are crucial for business communication and collaboration. In the Intelligent Cloud segment, Microsoft’s Azure platform provides a comprehensive range of cloud services, covering IaaS to SaaS, making it a preferred choice for businesses requiring cloud-based application hosting, data management, and solution deployment. The More Personal Computing segment focuses on consumer-oriented products such as Windows, Surface devices, Xbox gaming consoles, and Bing search. Additionally, Microsoft owns LinkedIn, offers enterprise software like Windows Server and SQL Server, and actively integrates artificial intelligence into its products and services. With a robust geographical presence in North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America, Microsoft remains a global tech leader.

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The benefits of purchasing medical insurance for students traveling to Spain

The benefits of purchasing medical insurance for students traveling to Spain

Easy-Go provides a series of significant benefits for students traveling to Spain
Easy-Go offers a comprehensive and reliable solution for international students landing on Spanish soil to learn, providing complete coverage that adapts to their specific needs and brings peace of mind in the face of any inconvenience.

Studying abroad is an exciting and enriching experience, but it also comes with certain risks, such as the possibility of facing health problems, which can generate worry and stress. That’s why having adequate student medical insurance is essential to ensure peace of mind and well-being during the stay.

In this regard, Easy-Go offers a comprehensive and reliable solution for international students landing on Spanish soil to learn, providing complete coverage that adapts to their specific needs and brings peace of mind in the face of any inconvenience.

Benefits of taking out medical insurance for students with Easy-Go

Taking out medical insurance with Easy-Go provides a series of significant benefits for students traveling to Spain. First, it offers comprehensive coverage that includes unlimited medical expenses, without shortages from the outset and without additional copayments. This ensures that students can access quality medical care without worrying about additional costs.

Additionally, this health insurance for student visa in Spain has a wide range of coverage: from primary care to medical specialties, diagnostic tests, hospitalization, surgery, and emergency care. This ensures that students receive the appropriate treatment in case of illness or injury, regardless of severity.

One of the advantages of contracting with Easy-Go is its global travel attention, which covers students during their trips outside of Spain. This feature is especially valuable for those who wish to explore the European continent during their stay, as it provides medical assistance abroad, repatriation in case of emergency, and other essential services.

Apart from medical coverage, Easy-Go’s insurance also includes additional benefits such as assistance in searching for luggage, document shipping, card cancellation, and legal defense, among others. These complementary services provide greater peace of mind and logistical support to students during their stay.

Everything needed to take out student medical insurance

Taking out student medical insurance with Easy-Go is a simple and transparent process. The company offers personalized attention both by phone and in person at its office in Seville, where students can receive expert advice and resolve any doubts they may have.

The contracting process is quick and efficient. Students simply need to provide their name, surname, ID or passport, as well as the start and end dates of their stay in Spain. Once this information is provided, Easy-Go will send the insurance policy by email in less than 24 hours, ensuring immediate and uncomplicated coverage.

With 17 years of experience in the travel insurance sector, the company has developed a solid reputation for reliability and quality of service, making it the preferred choice for international students traveling to Spain.

In summary, with comprehensive coverage, competitive prices, and a simple contracting process, Easy-Go offers the peace of mind and support necessary for students to focus on making the most of their educational experience abroad.

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Soltec Team aims to be the first 100 % sustainable cycling team

Soltec Team aims to be the first 100 % sustainable cycling team

Soltec team’s Sustainability Plan
Soltec team’s Sustainability Plan

The ‘orange’ squad presents a long-term project to compensate its carbon footprint, with actions already underway: 100 % renewable energies and electric self-consumption; cleaner vehicles; and projects to care for the environment.

In a world in the midst of a climate emergency, in which human beings are trying to alleviate the planet’s consequences of the deterioration, Soltec Team proposes, from the summer of 2024 onwards, a series of to become the first 100 % sustainable cycling team at the highest level in the world. This is in line with the sustainable development goals set for 2030 by the United Nations UN.

As a first step, the company that manages the equipment sponsored by Soltec, a renewable energy company, has measured its carbon footprint. The Greenhouse Gases generated by the team’s vehicles and the consumption of its facilities produce the equivalent of 145,000 kg of carbon dioxide (CO2) per year. Soltec Team aims to compensate and gradually reduce these emissions, with a series of actions already underway.

Soltec Team is committed to using 100 % renewable energies for its headquarters in Spain and the USA. The U.S. will also invest in self-consumption, with the installation of solar panels. Another major effort will involve replacing its fleet of Skoda vehicles with new hybrid cars, with which it will reduce its CO2 emissions.

Soltec Team has conveyed to its members during the non-competitive period the importance of this Sustainability Plan, and will also bet on that and will also focus on projects linked to sustainable mobility and the care of its environment. All this, with the aim of obtaining the Seal of Recognition of the Ministry of Ecological Transition (MITECO) and the United States Environmental Protection Agency (EPA).

The company headed by Nino Oliver thus aspires to be at the forefront of cycling, which has always been classified as a ‘green sport’, but whose activities have had an impact on the environment that it will now try to compensate. A bet implemented by the renewable energy company Soltec, which is very committed to the environment. 

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