Material Handling Equipment MarketThe Material Handling Equipment Market is poised to reach USD 28,642 million by 2028, expanding at an annual rate of 7.4% over the forecast period. Material handling equipment is an automatic tool used to move, store, manage, and prevent products throughout the production process. They help improve customer services, reduce delivery time and decrease handling costs.
Request For a FREE Sample Report on Material Handling Equipment Market Growth in the material handling equipment market is driven by strategic government initiatives to support new infrastructural development. Rising demand for better storage, safe transportation of goods, enhanced productivity in production plants and warehouses, and flexibility in warehouse activities will stimulate market growth. Further, the material handling equipment market research projects that the advent of innovative technologies such as cloud computing, artificial intelligence, 3D vision technology, and nanotechnology is projected to propel market growth. A surge in the number of automotive, construction, aviation, and healthcare industries along with the mounting cost of labor are likely to expand the material handling equipment market growth. In 2021, the widespread outbreak of coronavirus fuelled the demand for automated solutions in the manufacturing industry. The intensified investment in automated solutions in the manufacturing industry over the forecast period will propel market growth. However, as per the material handling equipment market report, the huge setup cost of material handling cost and the unavailability of a trained workforce will restrain the market growth. The e-commerce industry is anticipated to hold a larger share over the forecast period, owing to the augmenting adoption of material handling systems for the effective management of supply chains across the e-commerce sector. According to UNCTAD, the international sales on e-commerce platforms, including business-to-business (B2B) and business-to-consumer (B2C) sales, touched $26.7 trillion globally in 2019, with a surge of 4% from 2018. Material Handling Equipment Market Segmentation: Material Handling Equipment Market by Equipment Type
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Cloud Computing MarketThe Cloud Computing Market size is likely to expand at a CAGR of 19.6% during the forecast period. Cloud computing helps organizations use remote servers to manage, store, and process private data. The growing volume of data generated on websites and the increasing emphasis on providing customer-centric solutions in order to drive customer satisfaction will strengthen the market growth.
Request for a FREE Sample Report on Cloud Computing Market Cloud Computing Market Dynamics The growth in the cloud computing market is driven by the increasing deployment of big data and accelerating penetration of internet and smart devices. Also, several industries across the nation are undergoing digital transformation, which is another factor fuelling the market growth. Further, as per the Cloud Computing Market report, the increasing adoption of 5G, Internet of Things, and Machine Learning with the growing use of real-time analytics by Artificial Intelligence will encourage the adoption of cloud technology among large enterprises. The increasing adoption of Software as a Service, Infrastructure as a Service (SaaS), and Platform as a Service (Paas), especially among SMEs is another factor proliferating the market growth. Government across the developed and developing nations, is focussing on introducing initiatives and programs to encourage the adoption of innovative technologies across different industries. The UAE Government introduced digital initiatives and programs such as Digital Invoicing, Smart Dubai, and 5G to offer growth opportunities to the market. Moreover, organizations are mainly emphasizing on providing an outstanding experience to the customers, which is another major factor contributing to the Cloud Computing Market share. The evolution of the coronavirus has introduced organizations with a new way of working. The drift towards work from home trend to manage business continuity, protect the well-being, and safety of workers has generated enormous opportunities for cloud services such as Software-as-a-Service (SaaS)-based collaboration solutions. Market Segmentation Cloud Computing Market by Service Model
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions. Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: [email protected] Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com For More Info: sports technology market video streaming market PCR Technologies Market 5G Security Market |
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