Web Market News

  The global precision viticulture market size is expected to reach USD 2.55 billion by 2027 , registering a CAGR of 9.2% from 2020 to 2027 , according to a new report by Grand View Research, Inc. The increasing focus of farmers on ensuring farm productivity coupled with the rising need to monitor grape quality is the key factor driving the adoption of advanced technology solutions at vineyards. Moreover, the demand for high-quality grapes from vine manufacturing companies is further encouraging vineyard owners to adopt precision viticulture technologies at vineyards. Precision viticulture also includes the use of services including system integration and consulting, farm operation services, supply chain management services, and climate information services, for grape cultivation. These services are provided to the vineyard owner for assisting in the proper implementation and integration of precision technologies in vineyard practices. Moreover, the companies also offer data and...

  The global automated parking systems market size is expected to reach USD 2.74 billion by 2027 , registering a CAGR of 10.9% from 2020 to 2027 , according to a new study conducted by Grand View Research, Inc. The growing number of vehicles globally, coupled with the scarcity of land for parking, is driving the demand for auto-park solutions worldwide. Moreover, automated solutions improve the level of convenience for vehicle owners or drivers by automatically parking the vehicles at a vacant spot available in the system. Additionally, automated parking systems improve space allocation in parking spaces, making it possible for a significant number of vehicles to be parked at several levels. This solves the problem of scarcity of land in congested areas. Owing to these benefits, automated solutions are being increasingly adopted and deployed in several new residential and commercial real estate projects facing a space crunch. Moreover, smart city initiatives across several count...

  The global property management software market size is anticipated to reach USD 2.35 billion by 2027 , registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. The increasing preference of owners and property managers for scalability is one of the key factors expected to boost the market growth. Also, factors such as rising infrastructure development, coupled with the need to maintain property-related documents for seamless functioning are anticipated to be one of the strongest growth boosters. The demand for Property Management Software(PMS) has increased in the past few years for hotels and residential suites. Availability of internet bandwidth and virtual storage are a few of the factors influencing the demand in the hotel industry and residential sector. Also, the PMS in the residential suites has grown into a strategic position owing to developments in information and communications technology. Therefore, automation serv...

  The global cold chain packaging market size is anticipated to reach USD 63.1 billion by 2027 , expanding at a CAGR of 19.4% from 2020 to 2027 , according to a new report by Grand View Research, Inc. The key drivers attributing to the market expansion include a significant boost in demand for cold chain packaging solutions from the pharmaceutical industry. Amidst the coronavirus pandemic, the trade and transit of temperature-sensitive drugs, medicines, and test samples are drastically increasing. Along with the pharmaceuticals market, the packaging market is anticipated to witness significant growth. The overall market growth is profoundly influenced by the high demand for perishable goods worldwide and the availability of fresh food and frozen food supplies. The growing popularity of e-commerce as a channel for purchasing fresh goods drives the market growth. The increasing usage of e-commerce websites and mobile apps has enabled customers to order preserved food, fresh vegeta...

  The global virtual data room market size is estimated to reach USD 4.12 billion by 2027 , registering a CAGR of 14.7% from 2020 to 2027 , according to a new study by Grand View Research, Inc. Rapidly growing demand for highly secured solutions to share extremely confidential documents between companies during mergers and acquisitions activities is the key factor driving the market growth. A Virtual Data Room (VDR) is a web-based document repository platform in which enterprises can store their highly confidential files and provide access to authorized persons. In a bid to collaborate and exchange secret documents swiftly and privately, several legal and government agencies are aggressively adopting virtual data room solutions, thereby fueling the overall demand. The virtual data room solutions have witnessed widespread adoption across healthcare industries for not only delivering enhanced safety for the crucial documents used in clinical trial applications but also for the sup...