Europe Vertical Farming Market to Witness 21.6% CAGR During 2018–2024

The vertical farming market in Europe was pegged at USD 588.2 million in 2017 and is expected to reach USD 2,298.3 million by 2024. The vertical farming market is poised to grow at a CAGR of 21.6% during the forecast period (2018–2024).

The primary factors aiding the growth of the vertical farming market in the recent years have been the increasing demand for environment-friendly production of fresh fruits and vegetables with no use of pesticides is driving the demand for the vertical farming market in Europe. The demand for organic foods is increasing as it provides more nutrients such as antioxidants than those of conventionally grown counterparts. The consumption of organic food is helping people to lessen their symptoms if they are suffering from allergies to foods or chemicals.

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Moreover, the increasing urban population and reliable production of crops irrespective of climatic change are also fuelling the growth of the vertical farming market. However, high initial costs and restrictions in the variety of crops grown are hampering the growth of this market in Europe.

Vertical farming helps in producing the perfect arrangement of lettuce varieties and growing formulas that help in enhancing the quality and yields of crops. With the implementation of precise growth, formulas will help the manufacturers to achieve an increased yield on their investments. The technique is excessively used in Europe to grow lettuce varieties in order to the efficiency of crop production on a farm. This technique is also helping the manufacturers to effectively lessen radiations and transport associated costs. This technique causes less ecological influence and enables the manufacturer to utilize reduced water and energy than the customary farms. The manufacturers can efficiently utilize their resources and produce significantly more food with minimum consumption of land.

Netherlands is expected to contribute the largest revenue of USD 607.0 million by 2024 in the vertical farming market in this region. In terms of hardware type, lighting is generating the largest revenue for the vertical farming market in this region. Lighting is expected to grow at a CAGR of 22.4% during 2018–2024. On the contrary, lettuce accounted for the largest share in the European vertical farming market.

AeroFarms, Gotham Greens, Bright Farms Inc., Vertical Harvest, Home Town Farms, Infinite Harvest Inc., Lufa Farms Inc., Beijing IEDA Protected Horticulture Co., Ltd., Farmed Here LLC, Garden Fresh Farms CSA, Metropolitan Farms, Green Sense Farms, and Green Spirit Farms are some of the major players operating in the vertical farming market in Europe.

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Global E-cigarette market is Set to Reach USD 53.4 billion by 2024

The global e-cigarette market is expected to grow at a CAGR of 21.4% during the forecast period with its market size predicted to reach USD 53.4 billion by 2024. Increasing cancer cases related to smoking cigarettes, technological advancements in e-cigarettes, increasing disposable income, increasing awareness programs regarding the harmful effects of cigarettes are the major factors leading to the high demand for e-cigarettes in the global market.

Introduction of new flavors and fragrance to increase the traction for vaping devices

The growing popularity of vaping devices has led to the introduction of new flavors and fragrance. Flavors like menthol, mint, chocolate, cola, and different fruits are attracting more and more customers to adopt them. This trend is expected to continue and contribute to the e-cigarette market. Many companies in the industry are taking advantage of the ambiance in the market and getting merged with the tobacco cigarette giants. These companies are working together and making it more economical and efficient. This is further expected to expand the growth of the e-cigarette market across the globe.

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Cig-a-like accounted for almost half of the revenue generated by the market players in 2018. The comparatively lower cost of these e-cigarettes makes them a popular choice among consumers. The cig-a-like e-cigarette market is further segmented into disposable and rechargeable cig-a-like. Among the two types, the market size for disposable cig-a-like is larger across the globe. The vaporizer market is categorized into an open tank and a closed system vaporizer.

North America accounts for the largest demand of e-cigarettes across the globe North America dominates the e-cigarette market due to earlier advancements in the technology of this segment, and high disposable income of citizens of countries such as the U.S. and Canada. Also, the awareness regarding the health hazards of cigarettes is making smokers quit cigarettes and adopt less harmful e-cigarettes. Moreover, the Asia-Pacific is anticipated to witness the fastest growth during the forecast period due to the huge population of the young generation and their inclination towards the e-cigarettes.

The prominent players operating in the e-cigarette market are Turning Point Brands, Inc. (International Vapor Group), British American Tobacco plc, VMR Products LLC, Altria Group Inc., Japan Tobacco Inc., Philip Morris International Inc., Imperial Brands plc, NJOY Inc., Vapor Hub International Inc., and FIN Branding Group LLC.

U.S. E-cigarette market is Set to Reach USD 16.5 billion by 2024

The U.S. e-cigarette market is expected to grow at a CAGR of 18.3% during the forecast period with its market size predicted to reach USD 16.5 billion by 2024. Increasing awareness among consumers regarding the harmful effects of smoking, easy availability of e-cigarettes through supermarkets and vape shops, established e-commerce industries, technological advancements for product innovation, and high prevalence of smoking-related diseases are the major factors leading to the high demand of e-cigarettes in the U.S. market.

The high prevalence of smoking and related diseases to increase the demand for e-cigarettes in the U.S.

The high prevalence of smoking-related diseases in the U.S. leads to initiatives to curb smoking use. As manufacturers have been promoting e-cigarettes as a better alternative to smoking, the initiatives would create traction for the e-cigarettes. According to the Centers for Diseases Control and Prevention (CDC), cigarette smoking is the leading cause of preventable disease and death in the U.S., accounting for more than 480,000 deaths every year, or about 1 in 5 deaths. In 2017, around 34.3 million adults in the U.S. were smokers. These figures illustrate the increasing need for initiatives and alternatives for smoking. E-cigarette manufacturers have long promoted the e-cigarettes as smoking cessation, which is anticipated to drive the market in the coming years.

Cig-a-like hold the largest share in the U.S. e-cigarette market

Based on product the market is categorized into cig-a-like, vaporizer, and vape mode. Of all the products, Cig-a-like accounted for almost half of the revenue generated by the market players in 2018. The comparatively lower cost of these e-cigarettes makes them a popular choice among consumers. The highest growth in the demand for the vape mod has been observed over the last five years which is anticipated to remain the highest among all e-cigarette products during the forecast period. the cig-a-like e-cigarette market is further segmented into disposable and rechargeable cig-a-like. Among the two types, the market size for disposable cig-a-like is larger across the globe. The vaporizer market is categorized into an open tank and a closed system vaporizer.

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Based on the distribution channel, the e-cigarette market is subdivided into supermarkets, online, vape shops, and tobacconists. In 2018, the majority of e-cigarettes were distributed through vape shops, and the trend is anticipated to remain the same during the forecast period.

Key players may face challenges after FDA reviews the e-cigarettes

Owing to the reported harmful effects of e-cigarettes in some states of the U.S., industry players may face stringent regulations against the promotion and distribution of the e-cigarettes in the country. This will lead to more investment by industry players for developing harmless e-cigarettes and produce better quality products.

Some of the key players operating in the U.S. e-cigarette market are Turning Point Brands, Inc. (International Vapor Group), British American Tobacco plc, VMR Products LLC, Altria Group Inc., Japan Tobacco Inc., Philip Morris International Inc., Imperial Brands plc, Njoy, Inc., Cigavette and FIN Branding Group LLC.

U.S. E-Cigarette Market Coverage

Product Insight and Forecast 2014-2024

• Cig-A-Like
• Vaporizer
• Vape Mod

• Disposable
• Rechargeable

• Open Tank
• Closed System

Distribution Channel Insight and Forecast 2014-2024

• Vape Shops
• Supermarkets
• Online
• Tobacconists

Global Next-Generation Firewall (NGFW) Market is Expected to Reach USD 5.5 Billion by 2025

The global next-generation firewall market is expected to reach USD 5.5 billion by 2025, growing at a CAGR of 12.4% during the forecast period. Introduction of virtual next-generation firewall providing security to the virtual network will be a key opportunity for the global NGFW market in near future.  

Government and public utilities are expected to account the largest market share by 2025

On the basis of industry vertical, the market is segmented into banking, financial services, and insurance (BFSI), retail, IT and telecommunications, government and public utilities, healthcare, energy and utilities, and others. Government and public utilities are expected to account the largest market share by 2025. However, BFSI is expected to grow at the fastest rate during the forecast period.

Geography Insight

Geographically, North America followed by Europe is the largest next-generation firewall market in terms of revenue. Being home of several large economies and financially and technologically advanced region, these regions captures a major market share of NGFW.

Competitive Insight

Some of the key players operating in the next-generation firewall market are Cisco Systems, Inc., Check Point Software Technologies Ltd, Palo Alto Networks, Inc., Barracuda Networks, Inc., Fortinet, Inc., Sonicwall Inc., Zscaler, Inc., Forcepoint LLC, Juniper Networks, Hillstone Networks, Sophos Ltd., and GajShield Infotech (I) Pvt. Ltd.

Key Takeaway from the Report:

• Among all the component, solution segment captures highest market share in 2019.
• Of all the delivery types, a cloud-based firewall is the fastest-growing delivery type in the next-generation firewall market.
• Among all the services, the professional service segment accounted for a larger share in the next-generation firewall market in 2019.
• Among all the organization size, SMEs is expected to accounted for larger market share in 2019
• Of all industry, government and public utilities are expected to account the largest market share by 2025.

The Report Offers:

• Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players
  

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Global Security Policy Management Market is Expected to Reach USD 2.7 Billion by 2025

The global security policy management market is expected to reach USD 2.7 billion by 2025, growing at a CAGR of 11.0% during the forecast period. There is a gradual shift of security policy management from regular model to hybrid network Model. Further, government and other regulatory bodies are constantly asking organizations to implement required security policies. This will act as an opportunity for the global security policy management market in near future.  

BFSI and IT & telecom are the sectors expected to account the highest market share by 2025

On the basis of industry, the market is bifurcated into IT & telecom, healthcare, BFSI, manufacturing, energy & power, government, and others. BFSI and IT & telecom are the sectors expected to account the highest market share by 2025 and further grow at fastest rate due to large set of data exchange on regular basis.

Geography Insight

Geographically, North America is the largest security policy management market being early adopter of the technology and large number of IT companies residing in the region. Besides, the region is very much inclined towards the implementation of required security regulations and compliance. As a result, North America security policy management market will keep on growing in the years to come.

Competitive Insight

Some of the key players operating in the security policy management market are Cisco Systems, Inc., Check Point Software Technologies Ltd, Palo Alto Networks, Inc., Micro Focus International plc, McAfee, LLC, HelpSystems, LLC, AlgoSec, Juniper Networks, FireMon, LLC, and Tufin.

Key Takeaway from the Report:

• Among all the component, solution segment captures highest market share in 2019.
• Of all the organization size, large enterprises accounted for the foremost share in the security policy management market in 2019.
• Among all the applications, the network policy management segment accounted for a foremost share in the security policy management market in 2019.
• Of all industry, BFSI and IT & telecom are the sectors expected to account the highest market share by 2025.

The Report Offers:

• Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players
  

Global Cloud Radio Access Network (C-RAN) Market Observing a CAGR of 20.0% during 2020–2025

The global cloud radio access network (C-RAN) market was valued at USD 8.5 billion in 2019, growing at a CAGR of 20.0% during the forecast period. Key players in the global C-RAN market are regularly focusing on new product development, partnerships, and collaborations to sustain and attain a competitive edge in the market. Further, mergers & acquisitions are other key strategies adopted by the players in the ecosystem. For instance, in 2019, Rakuten announced a strategic partnership with Altiostar to enhance its product portfolio across LTE and 5G technologies.

5G and LTE networks are expected to account the larger market share in 2019

On the basis of network type, the C-RAN market is subdivided into 3G, and LTE & 5G. Among these, 5G and LTE networks held a larger share in the C-RAN market in 2019. Rapid growth in the communication traffic in terms of data and calls leads to increased power consumption at the network operator level. This acts as an opportunity for C-RAN technology which provides lower power consumption, improved coverage, and virtualization in terms of traffic management.

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Geography Insight

Geographically, North America held the largest share in the global cloud radio access network (C-RAN) market in 2019, owing to the high adoption rates. Besides, the region is connected with complex networks across the industries in diverse verticals, this will further upsurge the growth of the C-RAN market in years to come.

Competitive Insight

Some of the key players operating in the global cloud radio access network (C-RAN) market are Nokia Corp, Cisco Systems, Inc., Samsung Electronics Co Ltd, ZTE Corp, Altiostar, Telefonaktiebolaget LM Ericsson, NEC Corporation, Huawei Technologies Co., Ltd., Fujitsu, Intel Corporation, and ASOCS Ltd.

Automated Guided Vehicle Market Outlook : Top Companies, Growth Factors, Technology & Innovation Trends from 2018 to 2024

Automated guided vehicle (AGV) is an automated transport system for safe transport of all material and products without any human restriction to adopt the increasing essential of automation in material handling. Enhanced safety standards at workplaces and mounting requirement for automation in material handling throughout industries are some of the factors driving the growth of the global automated guided vehicle market. Different types of AGV contributed to the automated guided vehicle market size. The market has witnessed high demand for tow vehicle in the coming years as it can shift heavy loads with various trailers and without any manual interface.

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Enhanced safety standards at workplaces, mounting requirement for automation in material handling throughout industries, free from human error, and mounting production owing to enhanced supply chain processes and are the primary growth drivers for automated guided vehicle market. In addition, evolving e-commerce industry is also driving the growth of the market. For instance, mounting attractiveness of online shopping is the significant feature advancing the progress of the e-commerce industry.

Geographically, Europe is the largest automated guided vehicle market due to competitive verge by easing the effectual management of overall warehousing operations. High labor cost, speedy acceptance of automation, mounting need and benefits offered by AGV and mounting need for material handling equipment are also up surging growth of the European automated guided vehicle market.

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In addition, Asia-Pacific is observed to witness fastest growth in the market due to rapidly budding e-commerce industry, In addition, several strategic installations of AVGs in India and China, need to ensure safety at workplace, mounting investment in automation sector and growing manufacturing sector are also some of the factors driving ample opportunities for the Asia-Pacific automated guided vehicle market.

Key players in the automated guided vehicle market are catering the demand by investing on technologically advanced AGVs across the globe. In January 2018, KION Group signed a strategic partnership with EP Equipment, a Chinese manufacturer, for entry-level, light-duty warehouse equipment. Daifuku, Kuka, KION Group, Hyster-Yale Materials Handling, JBT Corporation, Seegrid Corporation, SSI Schafer, Toyota Industries, EK Automation and Kollmorgen are the key players offering automated guided vehicle.

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