Surface & Field Analytics Market Expected to Reach USD 49.9 Billion by 2031 | Top Players such as – Bruker, Jeol & Nikon
Presence of numerous technology companies in region & their growing use of AI and ML are boosting the geospatial analytics market growth.
PORTLAND, PORTLAND, OR, UNITED STATE, February 22, 2023 /EINPresswire.com/ — Allied Market Research published a new report, titled, “Surface & Field Analytics Market Expected to Reach USD 49.9 Billion by 2031 | Top Players such as – Bruker, Jeol & Nikon.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The global surface & field analytics market was valued at USD 20.4 billion in 2021, and is projected to reach USD 49.9 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031.
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Surge in demand for work from home and sanitation trends during the pandemic period led to huge need for surface analytics and remote management solutions to boost the global surface & field analytics market trends. During the COVID-19 pandemic, there was growing need for decontamination of surfaces leading to huge demand for surface and analytical tools including medical diagnostic solutions, communications solutions, sustainable packaging designs, and sensors and controls solutions.
The report offers a detailed segmentation of the global surface & field analytics market based on offering, deployment model, enterprise size, industry vertical, and region.. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.
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In terms of enterprise size, the large enterprises segment held the largest market share in 2021, accounting for nearly three-fourths of the global Surface & field analytics market share, and is expected to maintain its leadership status during the forecast period. Nevertheless, the SMEs segment, is expected to cite the highest CAGR of 10.6% during the forecast period.
Based on offering, the software segment held the major market share in 2021, holding nearly two-thirds of the global surface & field analytics market share, and is expected to maintain its leadership status during the forecast period. However, the service segment, is expected to cite the fastest CAGR of 10.4% during the forecast period.
On the basis of deployment mode, the on-premise segment held the largest market share in 2021, accounting for nearly three-fifths of the global Surface & field analytics market share, and is expected to maintain its leadership status during the forecast period. Nevertheless, the cloud segment, is expected to cite the highest CAGR of 10.4% during the forecast period.
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Region-wise, the North American region held the major market share in 2021, grabbing more than two-fifths of the global surface & field analytics market share. In addition, the same region is slated to dominate the global market share during the forecast period. However, the Asia-Pacific region is expected to cite the fastest CAGR of 11.3% during the forecast period. The report also analyses other regions such as Europe and LAMEA.
The key players analyzed in the global surface & field analytics market report include Bruker Corporation, Carl Zeiss AG, Danaher Corporation, Jeol Limited, Nikon Corporation, Olympus Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc., ULVAN-PHI, and Waters Corporation.
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COVID-19 Scenario:
✓ The outbreak of the COVID-19 pandemic had favorably impacted the growth of the global surface & field analytics market, owing to rise in need for disinfecting environmental surfaces resulting in demand for scientific instruments for molecular and material research.
✓ During the COVID-19 pandemic, there was a growing need for decontamination of surfaces leading to huge demand for surface and analytical tools including medical diagnostic solutions, communications solutions, professional microscopes, sustainable packaging designs, and sensors and controls solutions.
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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