Data Lake Market Size is Predicted to Witness 20.6% CAGR till 2027

The global Data Lake Market size is expected to reach USD 31.5 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 20.6% from 2020 to 2027. Data lake is a cost-effective alternative for several companies for their information collection and storage applications as compared to data warehousing. Also, data warehousing requires additional computing of the information in the initial stages, unlike in the data lake. Further, the maintenance cost of the technology is lower than data warehousing, owing to the cost of building a database, and the number of operations in the warehousing. Likewise, the technology enhances the analytical capabilities of the organizations.

Increasing need to extract deeper insights from huge volumes of information and easy access of information to the organization from legacy systems and departmental silos is expected to boost market growth. Several organizations are using the storage technique to gain a competitive advantage in the market. Also, companies that have not implemented data warehousing are moving towards this advanced method to storage information. The rising shift in the direction of developing cloud-based platforms to mitigate and manage the information is anticipated to offer increased adoption of technology over the forecast period.

With the rise in big data applications, several prominent companies are focusing on developing services that support both structured and unstructured information. For instance, in February 2020, Databricks launched Data Ingestion Network and Data Ingestion services. These services and networks would simplify the combination of data lakes and data warehouses into a single platform. The company has named the combination as ‘lakehouse'.

The on-premise deployment segment is anticipated to account for highest market share over the forecast period. This is attributed to high demand for on-premise servers by the companies to store information. These servers help companies to perform their operations effectively. The IT vertical segment is anticipated to account for highest CAGR over the forecast period. This is attributed to increasing adoption of advanced techniques to store information by the IT companies to achieve a balance between operational costs and quality of information stored.

In Asia Pacific, the market is anticipated to witness a highest CAGR over the forecast period. This is attributed to growth of digitization and increasing investments by key technology companies in India, China, Australia, and Japan. In addition, government regulations and initiatives are also likely to drive the market in the region over the forecast period. In North America, the market is expected to account for highest revenue share over the forecast period owing to increasing volumes of information across industries in the region.

Related Press Release@ Data Lake Market Report

Data Lake Market Report Highlights

• Increasing adoption of cloud-based services and rising investments in big data is anticipated to drive the adoption of the advanced technique for information storage, thereby catalyzing market growth
• The cloud segment is expected to witness a CAGR of 25.0% over the projected period
• In North America, the market accounted for highest revenue share, followed by Europe in 2019. Also, in Asia Pacific, the market is anticipated to portray highest CAGR over the forecast period
• The key players in the market are Amazon Web Services, Inc; Cloudera, Inc.; Dremio Corporation; Informatica Corporation; Microsoft Corporation; Oracle Corporation; SAS Institute Inc.; Snowflake Inc.; Teradata Corporation; and Zaloni, Inc.

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Data Lake Market Segmentation

Grand View Research has segmented the global data lake market based on type, deployment, vertical, and region:

Data Lake Type Outlook (Revenue, USD Million, 2016 - 2027)

• Solution
• Services

Data Lake Deployment Outlook (Revenue, USD Million, 2016 - 2027)

• On-premise
• Cloud

Data Lake Vertical Outlook (Revenue, USD Million, 2016 - 2027)

• IT
• BFSI
• Retail
• Healthcare
• Media and Entertainment
• Manufacturing
• Others (government, hospitality, education, others)

Data Lake Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East and Africa

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

All-terrain Vehicle Market Size To Reach $6.01 Billion By 2030

 

The global All-Terrain Vehicle Market size is expected to reach USD 6.01 billion by 2030, registering a CAGR of 3.8% from 2023 to 2030, as per a new report by Grand View Research, Inc. The development of off-road terrains, trails, and recreational parks is projected to boost the demand for All-terrain Vehicles (ATVs) by 2030. Moreover, governments’ initiatives to enhance tourism and recreational activities have supported the sales of ATVs. For instance, the Travel Management & Off-Highway Vehicle (OHV) Program announced by the U.S. Forest Service aims to increase the awareness and popularity of trails in North America.

Factors such as the growing popularity of off-road racing events and increased advertising have fueled the demand for ATVs across the globe. For instance, in January 2019, the Desert Series Pro ATV tournament involved ATV enthusiasts and many off-road vehicles which contributed to the adoption of ATVs. Additionally, growth in investments from sponsors is anticipated to boost the growth of the market by 2030.

Over the past few years, economic growth in developing economies, such as India and China, has resulted in higher disposable incomes and purchasing power of individuals, creating more spending capacity. This, in turn, supports the travel and tourism industry. As per the data published by the World Travel and Tourism Council (WTTC), the global tourism sector grew by 3.9% in 2018. The development of the tourism sector has led to a significant increase in recreational activities, thereby driving the demand for ATVs.

North America dominated the ATV market in 2022. This can be attributed to the presence of vast and diverse landscapes in North America, including mountain ranges and dense forests. ATV manufacturers focus on developing innovative and safer equipment that can meet the diverse needs of end users who want to explore tough terrains. Additionally, the increasing production and sales of ATVs in North America are expected to contribute to the growth of the market. The presence of various market players, including Polaris Inc., Textron Inc., and BRP, among others, is likely to further contribute to the growth

 Related Press Release@ All-Terrain Vehicle Market Report

List of Key Players of All-terrain Vehicle Market

• Polaris Inc.
• American Honda Motor Co., Inc.
• BRP
• Yamaha Motor Corporation, USA.
• ArcticInsider.com
• CFMOTO
• Kawasaki Motors Corp., U.S.A.
• KYMCO
• LINHAI POWERSPORTS USA CORPORATION
• Suzuki Motor of America, Inc.

All-terrain Vehicle Market Report Highlights

• The market for all-terrain vehicles is anticipated to witness growth owing to the increasing number of adventure and trails parks and the rising popularity of off-road sports activities
• The 400cc-800cc engine type segment accounted for a significant revenue share of over 48.2% in 2022. The increase in demand for 400-800cc engine ATVs is accredited to the demand for search & rescue operations and utility purposes
• Asia Pacific is expected to expand at the fastest CAGR of 5.3% during the forecast period

 

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All-terrain Vehicle Market Segmentation

Grand View Research has segmented the global all-terrain vehicle market report based on engine type, application, and region

All-terrain Vehicle (ATV) Engine Type Outlook (Revenue, USD Million, 2018 - 2030)

• Below 400cc
• 400 - 800cc
• Above 800cc

All-terrain Vehicle (ATV) Application Outlook (Revenue, USD Million, 2018 - 2030)

• Agriculture
• Sports
• Recreational
• Military and Defense

All-terrain Vehicle (ATV) Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• Saudi Arabia
• South Africa
• UAE

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Affective Computing Market Size Worth $192.45 Billion By 2027

 

The global Affective Computing Market size is expected to reach USD 192.45 billion by 2027, registering a CAGR of 33.0% from 2020 to 2027, according to a new report by Grand View Research, Inc. Affective computing is being used across a myriad of end-use industries to gauge the emotional states of customers and analyze how these emotional states can influence the buying and selling decisions. The increasing rate of crime and terrorism has particularly increased the adoption of affective computing for security and surveillance purposes. The growing popularity of smart devices and wearables among individuals also bodes well for the growth of the market.

Affective computing helps in detecting human emotions and analyzing the human decision-making process through various human parameters, such as voice, heart rate, and expressions. Film making companies have already been employing algorithms, such as Factorized Variational Autoencoders (FVAEs) to gauge audience responses to different characters in movies. Video games are being developed to offer gamers an improved gaming experience by understanding the gamers’ emotions while playing games. Such diversified usage of the technology is expected to open new growth opportunities for the market over the forecast period.

The potential to use affective computing to develop emotions for treating autism-based diseases is another factor expected to drive the growth of the market. The growing demand for consumer electronics and IoT-based devices coupled with the evolving needs for convenience and comfort in product usage is also expected to boost the growth of the market. The growing awareness toward proper hygiene in the wake of the COVID 19 pandemic outbreak is equally expected to discourage physical contact and instead encourage the usage of facial recognition, and gesture recognition, among other techniques, thereby driving the market growth.

Related Press Release@ Affective Computing Market Report

Affective Computing Market Report Highlights

• The touchless segment is anticipated to register a CAGR of over 35% over the forecast period as the growing awareness toward proper hygiene in the wake of the outbreak of the COVID-19 pandemic triggers the demand for touchless technology
• The facial recognition segment is anticipated to gain traction over the forecast period in line with the growing adoption of affective computing by government agencies for safety and security purposes
• The cameras segment is anticipated to grow at a faster pace over the forecast period as advanced digital cameras are being developed to provide better video surveillance for improved safety and security
• The automotive segment is expected to witness phenomenal growth from 2020 to 2027 owing to the ongoing development of autonomous and semi-autonomous vehicles
• The Asia Pacific regional market is anticipated to witness significant growth. The smart city projects being pursued aggressively by the emerging economies in the Asia Pacific is expected to drive the demand for affective computing solutions in the region

List of Key Players of Affective Computing Market

• Affectiva
• Elliptic Laboratories A/S
• Cognitec Systems GmbH
• Eyesight Technologies Ltd.
• Intel Corporation
• IBM
• Microsoft Corporation
• Kairos AR, Inc.
• Qualcomm Technologies, Inc.
• Google

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Affective Computing Market Segmentation

Grand View Research has segmented the global affective computing market based on technology, software, hardware, end-use, and region:

Affective Computing Technology Outlook (Revenue, USD Million, 2016 - 2027)

• Touch-based
• Touchless

Affective Computing Software Outlook (Revenue, USD Million, 2016 - 2027)

• Analytics Software
• Enterprise Software
• Facial Recognition
• Gesture Recognition
• Speech Recognition

Affective Computing Hardware Outlook (Revenue, USD Million, 2016 - 2027)

• Cameras
• Sensors
• Storage Devices & Processors
• Others

Affective Computing End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Automotive
• BFSI
• Government
• Healthcare
• IT & Telecom
• Media & Entertainment
• Retail & E-commerce
• Others

Affective Computing Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• The U.S.
• Canada
• Europe
• Germany
• The U.K.
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• The Middle East & Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Outdoor Power Equipment Market: Industry Demand, Analysis and Future Trends 2030

 

The global Outdoor Power Equipment Market size was valued at USD 46.53 billion in 2021 and is expected to reach USD 76.61 billion by 2030, registering a CAGR of 5.9% during the forecast period, according to a new report by Grand View Research, Inc. The market growth can be credited to the increasing adoption of outdoor power equipment, using lithium-ion batteries and cordless outdoor power equipment.

For instance, in September 2021, DeWalt, one of the brands of Stanley Black & Decker, announced the launch of a 20V MAX lithium-Ion batteries system to support a variety of outdoor power equipment. Furthermore, government and public places need to be maintained and have an aesthetic appeal, additionally stimulating demand for the lawn mowers. Besides, the growing perception that gardening is a leisure activity is a critical factor in the outdoor power equipment demand.

The rising technological advancements in outdoor power equipment are increasing the inclination of people toward gardening, which is expected to impact growth. For instance, in February 2022, Makita Corporation launched two new Lawn Mowers, XML10CT1 (21" Lawn Mower Kit) and XML11CT1 (21" Self-Propelled Lawn Mower Kit). These two product features 36V (18V X2) LXT power batteries, which signify their capabilities in the cordless lawn and garden market. Furthermore, the rise in residential construction and rising demand for lawn and electric cordless lawn & garden tools in commercial spaces, parks, and sports fields are the factors expected to drive market growth.

Vendors' rising adoption of ergonomic designs enables people to perform activities with less labor and makes their tasks more manageable. It allows people to perform their functions with much less time than non-ergonomic tools. For instance, in November 2021, The Toro Company launched five new gas and battery-based Super Recycler models for the lawn care market. These products are designed with an ergonomic grip, which enables gardeners to have greater cutting convenience, and are developed with additional safety features, to pack within a folded handle.

A considerable increase in the demand for do-it-yourself (DIY) equipment and do-it-for-me (DIFM) services in the commercial and residential segment are expected to drive market growth. The outdoor power equipment market is seasonally affected by end-customer buying patterns, and most outdoor power equipment is sold during the summer and spring seasons. As a result of seasonality in the industry and short-term fluctuations in demand caused by weather patterns, growth in the market is hindered.

Related Press Release@ Outdoor Power Equipment Market Report

Outdoor Power Equipment Market Report Highlights

• The battery power source segment is estimated to expand at a CAGR of 6.9% during the forecast period. The battery-powered source segment is expanding owing to its speed, longer running time, technological innovation, and does not emit gas fumes &noise, which is expected to drive the segment growth. For instance, Makita Corporation launched three new lawn mowers, 18V X2 LXT (36V) Brushless Cordless Lawn Mowers (XML06, XML07, XML08), powered by two batteries of 18V, which are expected to revolutionize the work done without emissions and noise. In addition, regulations around the use of Li-ion battery products support the growth of battery-powered and cordless products
• The North American market accounted for 34.91% share of the overall market in 2021. The regional market's growth is attributed to the strong presence of various regional companies, including Makita Corp, the toro company, and more. Furthermore, an increasing preference for outdoor living areas and a vast number of athletic fields is expected to drive the growth of outdoor power equipment in the region. Investment by the government in infrastructure is also expected to drive the region's development
• The chainsaw segment is estimated to grow at a CAGR of 7.2% during the forecast period. The rising demand for technological development and rapid industrialization among various economies is expected to drive the market for the chainsaw segment. Furthermore, the increasing adoption of wood in the application of commercial construction, including wall & roof designing and flooring, is expected to create massive demand for the chainsaw segment
• The market is fragmented and characterized by high competition with companies such as Husqvarna AB, Makita Corp, Honda Motors Co. Ltd, and Techtronic Industries Ltd, among others. These companies focus on capacity expansion, heavy production investments, and product launches. In the coming years, this trend is expected to continue and accelerate the growth of the market for outdoor power equipment. Furthermore, demand for the construction and furniture sectors is driving the growth of outdoor power equipment

Outdoor Power Equipment Market Segmentation

Grand View Research has segmented the global outdoor power equipment market based on the power source, end-use, equipment, and region:

Outdoor Power Equipment Power Source Outlook (Revenue, USD Million, 2018 - 2030)

• Gasoline
• Battery
• Electric Corded

Outdoor Power Equipment End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• Residential
• Commercial/Government

Outdoor Power Equipment Type Outlook (Revenue, USD Million; Volume, Thousand Units, 2018 - 2030)

• Lawn Mower
• Walk-Behind Lawn Mowers
• Ride-on Lawn Mowers
• Robotic Lawn Mowers
• Zero -Turn Mowers
• Chainsaw
• Trimmer & Edger
• Trimmers & Brush Cutter
• Hedge Trimmers
• Walk-Behind Edgers & Trimmers
• Blowers
• Snow
• Leaf
• Tillers & Cultivators
• Snow Throwers
• Others

Outdoor Power Equipment Regional Outlook (Revenue, USD Million; Volume, Thousand Units, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Netherland
• Denmark
• Finland
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Singapore
• Australia
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

List of Key Players in Outdoor Power Equipment Market

• Husqvarna AB
• Makita Corp
• Honda Motors Co. Ltd
• Briggs & Stratton Corp.
• Andreas Stihl AG & Company KG
• MTD Holdings Inc.
• Stanley Black and Decker Inc.
• Andreas Stihl AG & Company KG
• CHERVON (China) Trading Co., Ltd
• Techtronic Industries Ltd.
• Yamabiko Corporation
• Robert Bosch
• AL-KO Kober Group
• Ariens Company
• The Toro Company
• Deere & Company

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com