Information Technology Industry Overview

The geospatial analytics market consists of sales of geospatial analytics products and services by entities (organizations, sole traders, and partnerships) that gather, display, and manipulate geographic information. Geospatial analytics uses a geographic information system (GIS) to manage and predict the phenomenon affecting the earth and its inhabitants. The main types of components in geospatial analytics are solutions and services. The geospatial analytic solutions help to analyze businesses for changing conditions and trends. These include geocoding, data integration and ETL, data storage software, reporting and visualization, and thematic mapping and spatial analysis. The different types include surface and field analytics, network and location analytics, geo-visualization, and others. The various application includes surveying, medicine, public safety, disaster risk reduction and management, climate change adaptation, and others. The different technologies include remote sensing, GIS, GPS, and others and are implemented in various areas such as agriculture, utility, and communication, defense and intelligence, government, natural resources, and others. The global geospatial analytics market size is expected to grow from $62.01 billion in 2021 to $73.18 billion in 2022 at a compound annual growth rate (CAGR) of 18.0%. The global geospatial analytics market size is expected to reach $128.81 billion in 2026 at a CAGR of 15.2%. The development of smart cities is expected to propel the growth of the geospatial analytics market going forward. A smart city is a modern technology metropolitan region that makes use of available information to optimize resource consumption and control activities. Geospatial analytics integrates smart city planning and conceptualization by delivering high-end visualization tools to aid decision-making for better site identification, increased efficiency, and a better understanding of complex urban processes using geospatial data. For instance, according to Otonomo, an Israel-based automotive data services platform, smart cities are expected to grow to over $820 billion by 2025 from $410.8 billion in 2020. Therefore, the development of smart cities is driving the geospatial analytics market. Technological advancements in geospatial analytics have emerged as a key trend gaining popularity in the geospatial analytics market. Major companies operating in geospatial analytics are focused on developing advanced solutions to strengthen their position in the market. For instance, in July 2020, LuxCarta, a France-based digital mapping solution providing company launched the BrightEarth product line, a collection of specialized global geospatial products created from artificial intelligence technologies. Based on Sentinel-2 imagery, the initial releases comprise a worldwide cloud-free mosaic and corresponding 10-class land use/land cover (LULC). In December 2019, Syncsort, a US-based software company acquired the software and data business of Pitney Bowes for an undisclosed amount. Through this acquisition, the combined companies aim to bring together the best capabilities in data enrichment, location intelligence, and customer information management with powerful data and optimization software integration. Pitney Bowes is a US-based technology company that provides geospatial analytics. Major players in the geospatial analytics market are Alteryx, Carto, ESRI, General Electric, SAP, Tomtom, Trimble, Google, Hexagon Ab, Maxar Technologies, Bentley Systems, Fugro, Geoviet Consulting, GIS Co. Ltd, Mandalay Technology, Maplarge, Mappoint Asia, Orbica, Orbital Insight, Pasco Corporation, and Skymap Global. North America was the largest region in the geospatial analytics market in 2021. Asia Pacific is expected to be the fastest growing region in the global geospatial analytics market during the forecast period. The regions covered in the global geospatial analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the geospatial analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global geospatial analytics market is segmented - 1) By Components: Solutions, Services 2) By Type: Surface And Field Analytics, Network And Location Analytics, Geovisualization, Other Types 3) By Technology: Remote Sensing, GIS, GPS, Other Technologies 4) By Application: Surveying, Medicine And Public Safety, Disaster Risk Reduction And Management, Climate Change Adaptation, Other Applications 5) By End-User Industry: Agriculture, Utility And Communication, Defense And Intelligence, Government, Natural Resources, Other End User Industries

The in-memory analytics market consists of sales of in-memory analytics solution and services by entities (organization, partnership, sole-traders) that refers to a process to querying data when it resides in the computer's random-access memory (RAM), as opposed to querying the data that is stored on physical disks. This results in shortened query response times, allowing analytic applications and business intelligence (BI) to support faster business decisions. In-memory analytics helps in increasing overall speed of a BI system and allows business-intelligence users with faster answers compared to traditional disk-based business intelligence, particularly for queries that take a long time to process in a large database. The main types of in-memory analytics are solution and service. The solution segment consists of sales of in-memory analytics solutions by entities (organizations, sole traders, partnerships) that refer to in-memory analytics solutions, which eliminates the need for data to be copied, stored, or re-housed, keeps data more secure. The solution offers an in-memory analytics language, RAQL, for analyzing data both big and small. The organisation sizes using in-memory analytics are large enterprises, small and medium enterprises (SME) that can be deployed on-premise and cloud-based. They applications for in-memory analytics are risk management and fraud detection, sales and marketing optimization, financial management, supply chain optimization, predictive asset management, product and process management, others (network management and workforce management) that can be used across various industries such as BFSI, retail, it and telecommunications, manufacturing, government and public sector, other end-user industries. The global in-memory analytics market size is expected to grow from $2.95 billion in 2021 to $3.70 billion in 2022 at a compound annual growth rate (CAGR) of 25.50%. The global in-memory analytics market size is expected to grow to $9.19 billion in 2026 at a CAGR of 25.57%. The growing volume of data is expected to drive the growth of the in-memory analytics market. Growing data volume is increasing demand for large space in the system's memory which leads to obstruction and delay in the business process. In-memory analytics is used to minimize the data into samples or reduce the data to a small volume by not changing the actual meaning and increasing the query response time. For instance, International Data Corporation (IDC), a US-based examiner of the consumer market, estimated that 64.2ZB of data was created or copied in 2020. The amount of data created throughout the next five years will be larger than twice the volume of data created since the advent of digital storage. This is likely to drive the in-memory analytics market during the forecast period. Technological advancement is a growing trend that is gaining key popularity in the in-memory analytics market. The companies operating in the in-memory analytics market are developing advanced technologies, which will help in reducing the time for operation and complexity of the data by providing an enhanced product to its clients. For instance, In December 2020, GigaSpaces, a US-based software company, announced the launch of the InsightEdge portfolio, a new set of in-memory computing platforms, that are designed to drive the enterprise digital transformation with a unique speed, performance and scale. Combined with the AIOps functionality, GigaSpaces will deliver effortless management and deploy a portfolio of software platforms that meet the most stimulating analytics processing and enterprise data needs. AIOps refers to Artificial Intelligence for IT operations that provides analytics technology and enhances IT operations. In March 2019, TIBCO Software Inc, a US-based business intelligence software and API management company acquired SnappyData for an undisclosed amount. The transaction will allow TIBCO Connected Intelligence platform with a combined analytics data fabric that amplifies data science, analytics, data management and streaming for different use cases requiring volume, speed, and agility. SnappyData is a real time in-memory analytics platform. SnappyData combines the approximate query processing, probabilistic data structures and in memory distributed data management to deliver the powerful analytic alerting and querying capabilities on the Apache Spark at a bit of the cost of big data analytics platforms. Major players in the in-memory analytics market are Amazon Web Services Inc., Oracle Corporation, Qlik Technologies, SAP SE, SAS Institute Inc., Software AG, IBM Corporation, ActiveViam, Kognitio, MicroStrategy Incorporated, ADVIZOR Solutions, EXASOL, SnappyData, Teradata Corporation, and Giga Spaces Technologies Inc. North America was the largest region in the in-memory analytics market in 2021. Asia Pacific is expected to be the fastest-growing region in the global in-memory analytics market during the forecast period. The regions covered in the global in-memory analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the in-memory analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global in-memory analytics market is segmented - 1) By Component: Solution, Service 2) By Organization Size: Large Enterprises, Small and medium Enterprises (SME’s) 3) By Deployment Mode: On-premise, Cloud-Based

The real estate software market consists of sales of real estate software by entities (organizations, sole traders, and partnerships) that are used for automating administrative, marketing, and other business tasks in real estate companies. Real estate software helps companies manage various functions such as operations, planning, stakeholder management, financing, marketing, and many others. The main types of products of real estate software are customer relationship management software, content management software, financial management software, real estate contract software, and others. The customer relationship management (CRM) real estate software manages the relationship between buyers, sellers, agents, brokers, developers, and financial institutions. The different components include solutions, and services and involve various organization sizes such as large enterprises, small scale and medium-sized enterprises. It is deployed on-premise and by cloud and is used in commercial and residential. The global real estate software market size is expected to grow from $9.12 billion in 2021 to $10.06 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The global real estate software market size is expected to grow to $14.61 billion in 2026 at a CAGR of 9.8%. The rise in commercial and residential real estate activities is expected to propel the growth of the real estate software market going forward. Many leading real estate companies are adopting software solutions for operations to reduce interruptions in services, decrease human errors, allot tasks efficiently for big volume projects, reduce communication gaps, and also manage finances. For instance, according to the Global Construction 2030 report, the volume of construction output is expected to grow by 85% to $15.5 trillion by 2030. Major countries contributing to this growth are China, India, and the USA. Therefore, the rising high-end apartments, houses, and skyscrapers in developing countries are driving the growth of the real estate software market. The adoption of artificial intelligence and machine learning is a rising trend in the real estate software market. Artificial intelligence (AI) enabled applications to help real estate companies in marketing campaigns, managing property portfolios, leasing, accounting, operations, and many other functions. One of the recent developments of AI in the real estate market is virtual tours. Virtual tours are provided for properties that are still under construction, or for customers abroad, where the customer can see the 3D view of the property. For instance, in February 2021, Zillow Group, an online real-estate marketplace company, launched a virtual tour experience that uses machine learning using various media content to create an interactive floor plan, which makes it easy for buyers to feel the property without visiting in person. In January 2022, Planon, a US-based real estate and facility management software company, acquired COOR GmbH for an undisclosed amount. This acquisition will help Planon build better real estate software for planning, controlling, and forecasting costs and revenues for all customers. COOR GmbH is an Austria-based company that develops and implements software solutions for real estate owners and builders. Major players in the real estate software market are Altus Group Ltd., AppFolio Inc., Autodesk Inc., CoStar Group Inc., Fiserv Inc., International Business Machines Corp., Oracle Corp., SAP SE, Yardi Systems Inc., MRI Software (US), Microsoft Corporation, RealPage Inc., Trimble Inc., LanTrax Inc., Propertybase, Argus Financial Software, SMR Group, and Fiserv Inc. North America was the largest region in the real estate software market in 2021. The regions covered in the global real estate software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the real estate software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global real estate software market market is segmented - 1) By Product: Enterprise Resource Planning (ERP), Property Management System (PMS), Customer Relationship Management (CRM) 2) By Deployment Type: Cloud, On-Premise 3) By Application: Commercial, Residential

The virtual reality in the healthcare market consists of sales of virtual reality hardware and software by entities (organizations, sole traders, and partnerships) that manufacture VR technology and devices for use in the healthcare industry. VR in healthcare refers to the use of immersive, computer-generated technology in medicine and treatment. VR in healthcare has the potential to create more impactful visual experiences of space and human anatomy, lowering medical costs, reducing fear and stress, decreasing traumatic events, and improving outcomes. The main types of components in virtual reality in healthcare market are hardware and software. The hardware virtual reality in the healthcare includes headsets, goggles, and other accessories used in the healthcare facilities for medical training, performing virtual surgeries and others to make the user feel immersed in the 3D environment. The main technology used in VR in healthcare are full immersive virtual reality, non-immersive virtual reality, semi-immersive virtual reality and has various device type such as head-mounted display, gerture-tracking device, projectors and display units, others. VR in healthcare is used in research and diagnostics, laboratories, hospitals and clinics, pharmaceutical companies, others and applied in patient care management, education and training, fitness management, pharmacy, surgery, others. The global virtual reality in healthcare market size is expected to grow from $1.42 billion in 2021 to $2.07 billion in 2022 at a compound annual growth rate (CAGR) of 45.7%. The VR in the healthcare market size is expected to grow to $9.25 billion in 2026 at a compound annual growth rate (CAGR) of 45.5%. The rise in incidences of neurological disorders is driving the growth of the virtual reality in healthcare market. Neurological disorders are diseases such as Alzheimer’s disease, Parkinson’s disease, dementia, multiple sclerosis, migraines, and others that affect the body’s central nervous system. Immersive VR technology assists in the development of promising applications for the treatment of neurological illnesses. Virtual Reality in neurology is cost-efficient, patient-friendly, useful for both normal and pathological ageing, and gives ecological validity that standard neuropsychological tests do not provide. For instance, in 2019, Pan American Health Organization reported 533,172 deaths due to neurological disorders of which 40% deaths were in men, and 60% were in women in 33 countries of the American region. In addition, the Neurological Alliance of the United Kingdom reported 14.7 million neurological cases in 2019 through a study, indicating that at least one in every six people suffers from one or more neurological illnesses. Therefore, the rise in incidences of neurological disorders is expected to fuel the growth of VR in the healthcare market going forward. The growing technological advancements is shaping the virtual reality in the healthcare market. Major companies operating in virtual reality in the healthcare sector is focusing on developing new technological solutions for the healthcare industry to strengthen their position in the market. For instance, in March 2021, National Health Service (NHS), a UK based government department launched a free treatment plan that uses virtual reality technology to help people with trypanophobia conquer their phobias and receive their vaccinations without anxiety. With this plan, the patients can train their brains to overcome the fear of needles by engaging in learning exercises and breathing techniques. In January 2020, Teladoc Health, Inc., a US based virtual healthcare company acquired InTouch Health for an undisclosed amount. This acquisition enables Teladoc Health as the first virtual care provider addressing the full range of acuity – from critical to chronic to everyday care – through a single solution across all locations of care globally. InTouch Health is a US based company that provides virtual reality in healthcare. Major players in the virtual reality in healthcare market are Samsung, Atheer Inc., Augmedix Inc., Firsthand Technology Inc., Microsoft Corporation, Medical Realities Ltd, Mindmaze, Medtronic Inc, Siemens Healthineers, Hologic Inc., Oculus VR, GE Healthcare and Orca Health Inc. North America was the largest region in the virtual reality in healthcare market in 2021. The regions covered in the global virtual reality in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the virtual reality In healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global virtual reality in healthcare market is segmented - 1) By Component: Hardware, Software 2) By Technology: Full Immersive Virtual Reality, Non-Immersive Virtual Reality, Semi-Immersive Virtual Reality 3) By Device Type: Head-Mounted Display, Gesture-Tracking Device, Projectors and Display Units, Other Devices 4) By Application: Patient Care Management, Education And Training, Fitness Management, Pharmacy, Surgery, Other Applications 5) By End User: Research And Diagnostics, Laboratories, Hospitals And Clinics, Pharmaceutical Companies, Other End Users

The laboratory informatics market consists of sales of laboratory informatics products and services by entities (organizations, sole traders, partnerships) which refers to software products that are used for instrument control, scientific data management, scientific search, network integration, and compliance management to streamline analytical laboratory operations. The laboratory informatics solutions reduce operational costs, accelerate decision making, improve laboratory processes and others. The main types of laboratory informatics are laboratory information management systems (LIMS), electronic lab notebooks (ELN), chromatography data systems (CDS), electronic data capture (EDC) & clinical data management systems (CDMS), laboratory execution systems (LES), enterprise content management (ECM), scientific data management systems (SDMS). A LIMS (Laboratory Information Management System) is software that helps you to handle samples and data efficiently. Your lab can automate workflows, integrate equipment, and manage samples and associated data with the help of a LIMS. The components of laboratory informatics are services and software which are deployed on-premise, cloud-based, or remotely hosted. The various industries that use laboratory informatics are life sciences industry, chemicals industry, food & beverage and agriculture industry, petrochemical refineries and oil & gas industry, environmental testing laboratories, other industries. The global laboratory informatics market size is expected to grow from $3.14 billion in 2021 to $3.48 billion in 2022 at a compound annual growth rate (CAGR) of 8.53%. The global laboratory informatics market size is expected to grow to $4.67 billion in 2026 at a CAGR of 7.66%. The increasing need for laboratory automation is expected to propel the growth of the laboratory informatics market during the forecast period. The frequent occurrence of human errors in laboratory operations led laboratory organizations to shift towards automated solutions. For instance, according to a study published by AZoLifeSciences, 30-86% of pre-analytical in laboratories are associated with human error. Laboratory automation is a process, which utilizes automated laboratory instruments, and advanced analytical software to deliver precise, accurate results at a large scale. It provides improved accuracy and reliability of the data by lowering overall costs associated with manual operations. Therefore, the rising demand for laboratory automation is expected to drive the laboratory informatics market during the forecast period. Technological advancements are key trends gaining popularity in the laboratory informatics market. The companies operating in the laboratory informatics market are increasingly investing in the development of new technologically advanced software suites to meet the specific operational demands from laboratory customers across the globe. For instance, in February 2022, Biosero, Inc., a US-based laboratory automation company, launched the Green Button Go® software suite which includes automated workflows ranging from a single workstation to operations that span multiple labs. This infusion has a variety of applications such as controlling and scheduling multiple instruments and devices in the lab from a single interface. The technology uses automation by running various algorithms and codes to store and give the results. In August 2019, Merck, a Europe-based science and technology company that provides energy services acquired BSSN Software for an undisclosed amount. With this acquisition, Merck is to build on the strength of its existing commercial growth in the lab data management technology supporting its customers’ digital transformation in lab informatics. BSSN Software develops and provides services for laboratory informatics-based in the USA. Major players in the laboratory informatics market are Thermo Fisher Scientific Inc., LabVantage Solutions Inc, LabWare, Abbott Informatics, LabLynx Inc., Waters Corporation, Autoscribe Informatics, LABWORKS LLC, Cerner Corporation, McKesson Corporation, IDBS, Arxspan LLC, Kinematik, RURO Inc, and Accelerated Technology Laboratories. North America was the largest region in the laboratory informatics market in 2021. Asia Pacific is expected to be the fastest-growing region in the global laboratory informatics market during the forecast period. The regions covered in the global laboratory informatics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the laboratory informatics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global laboratory informatics market is segmented - 1) By Type: Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Chromatography Data Systems (CDS), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Laboratory Execution Systems (LES), Enterprise Content Management (ECM), Scientific Data Management Systems (SDMS) 2) By Component: Services, Software 3) By Deployment Model: On-premise, Cloud-based, Remotely Hosted 4) By Industry: Life Sciences Industry, Chemicals Industry, Food & Beverage and Agriculture Industry, Petrochemical Refineries and Oil & Gas Industry, Environmental Testing Laboratories, Other Industries

The network automation market consists of sales of the network automation by entities (organizations, sole traders, partnerships) that refers to software, which automates the network and security provisioning and management, to maximise the network efficiency and functionality. Network automation software predicts the efficient way to map, configure, provision and manage network and increases the speed of application development by automating network and security provisioning management. The main types of network automations are network automation tools, SD-WAN and network virtualization, and intent-based networking. Network automation tools automatically manage, configure, test and deploy, and operate network devices. The features offered through network automation tools includes network device mapping and discovery, network configuration management, network resource provisioning or capacity planning, and others. These solutions are deployed in IT & telecom, BFSI, manufacturing, healthcare, energy & utilities, education, and others, through on-premise and cloud modes. The network automation are provided in two modes solutions and services. The global network automation market is expected to grow from $4.85 billion in 2021 to $6.05 billion in 2022 at a compound annual growth rate (CAGR) of 24.84%. The network automation market is expected to reach $26.16 billion in 2026 at a CAGR of 26.16%. The increasing adoption of cloud-based services is driving the growth of the network automation market. Network automation establishes consistent infrastructure and operations while reducing labour and promoting productivity gains and operational efficiency. Cloud-based applications or tools require an automated platform for smooth deployment and operations of applications, life-cycle management, policy-based distribution, and others. For instance, according to the survey conducted by Clouds 247 Research in 2022, more than 60% of companies are planning to employ cloud computing in the next 18 months and more than 45% of companies have shifted to cloud IT infrastructure by the time of the study. Thus, an increasing shift in companies' interests toward cloud-based services is expected to boost demand for network automation during the forecast period. Network Automation-as-a-Service (NaaaS) With Cloud Vision or Software-as-a-Service (SaaS) is the key trend gaining popularity in the network automation market. NaaS is a cloud model which enables users to operate and maintain the network without owning a network operating infrastructure. Cloud Vision or Software-as-a-Service (SaaS) is an application used to deliver the service over internet access. The companies operating in network automation market are focusing on offering products through new business models to increase customer reach and business presence. For instance, in August 2020, Arista Networks, an American computer networking company announced a new enterprise-grade Software-as-a-Service (SaaS) with CloudVision® platform offering, which is a fully automated domain network service manages multi-domain networks approaching across the client through cloud. In April 2022, Elisa Polystar, a Sweden-based provider of telecom network automation software acquired FRINX for an undisclosed amount. Through this acquisition, Elisa Polystar is focused on accelerating its development activities in telecom network automation software and expanding its digital services across the globe. FRINX is a Slovakia-based provider of network automation software. Major players in the network automation market are Cisco, Juniper Networks, NetBrain, Forward Networks, SolarWinds, Apstra, BlueCat, Entuity, Veriflow, Riverbed, Itential, Volta Networks, Sedona Systems, Kentik, NetYCE, Versa Networks, AppViewX, 128 Technology, and Anuta Networks. North America was the largest region in the network automation market in 2021. Asia Pacific is expected to be the fastest-growing region during the forecast period in the global network automation market. The regions covered in the network automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the network automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global network automation market is segmented - 1) By Solution Type: Network Automation Tools, SD-WAN and Network Virtualization, Intent-based Networking 2) By Component: Solution, Services 3) By Deployment Mode: On-premises, Cloud 4) By Industry Vertical: IT & Telecom, BFSI, Manufacturing, Healthcare, Energy and Utilities, Education, Other Industry Verticals

The veterinary software market consists of sales of veterinary software solutions by entities (organizations, sole traders, and partnerships) that refer to software tools designed to assist veterinary practices, pet care clinics, specialists and independent practices, in managing their day-to-day operations. These software’s feature basic tools such as electronic medical records, staff management, appointment scheduling, schedule coordination and others. This software also reduces paperwork and offers more convenience and insights from historic data to manage the veterinary business. The main types of veterinary software are veterinary practice management software, veterinary imaging software, other product types. The veterinary practice management software is an internet tool that aids a veterinary clinic's or hospital's day-to-day operations. They are divided into various types such as integrated software, stand-alone software and practiced in various ways such as exclusive small animal practices, mixed animal practices, exclusive large animal practices. The delivery modes are on-premise, cloud/web-based used by hospitals/clinics, reference laboratories. The global veterinary software market size is expected to grow from $0.81 billion in 2021 to $0.89 billion in 2022 at a compound annual growth rate (CAGR) of 9.60%. The global veterinary software market size is expected to reach $1.14 billion in 2026 at a CAGR of 6.44%. The surge in spending on animal health is expected to propel the growth of the veterinary software market. The pet owners across the globe are considering their pets as part of their family and spending equally on their health. The increase in animal spending and growing number of pets are allowing hospitals and clinics to spend more on the veterinary software to provide seamless and customer-friendly experience. For instance, according to AAHA, American Animal Hospital Association, in 2019, the average spending on a pet was estimated to be USD 140 per month that contributed to 55 percent on food and 24 percent on veterinary care and pet insurance. Such increase in health spending is expected to boost veterinary software market during forecast period. Technological advancements are a key trend gaining popularity in the veterinary software market. The companies operating in the veterinary software market are focusing on developing innovative products with advanced technologies to increase the operational capabilities of entities operating in the veterinary care sector. For instance, in January 2022, Covetrus Inc, a US-based provider of animal health products and related services, launched Covetrus Pulse, an innovative cloud-based veterinary operating system. Covetrus Pulse creates, renews, and approves the prescriptions, personalizes dashboards, customizes with preferred third-party apps, and communicates with co-workers and clients through a central operating system. All of this information is stored in the cloud through which data can be retrieved as and when required. In June 2021, IDEXX Laboratories Inc, a US-based provider of veterinary diagnostics and software, has acquired ezyVet, for an undisclosed amount. Through this acquisition, IDEXX Laboratories strengthens its cloud-based PIMS options for veterinary hospitals, universities, and corporate groups for covering the needs of both specialty clinics and general practice. ezyVet is a New Zealand-based developer of next generation in cloud-based veterinary practice management software. Major players in the veterinary software market are Animal Intelligence Software, Inc, Carestream Health, Inc, Clientrax, Ezyvet Ltd, Finnish Net Solutions Oy, Firmcloud Corporation, Henry Schein, Inc, Hippo Manager Software Inc, IDEXX Laboratories, Inc, OR Technology, Patterson Companies Inc, Timeless Veterinary Systems, Vetter Software, Inc, Via Information System, VetZ Limited, Covetrus, Inc, Vetspire — Fgspire, Inc, MWI Animal Health, Petabyte Technology, and Three Plus Group Oy. North America was the largest region in the veterinary software market in 2021. The regions covered in the global veterinary software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the veterinary software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global veterinary software market is segmented - 1) By Product Type: Veterinary Practice Management Software, Veterinary Imaging Software, Other Product Types 2) By Type: Integrated Software, Stand-Alone Software 3) By Practice Type: Exclusive Small Animal Practices, Mixed Animal Practices, Exclusive Large Animal Practices 4) By Delivery Mode: On-premise, Cloud/Web-based 5) By End User: Hospitals/Clinics, Reference Laboratories

The warehouse automation market consists of sales of goods by entities (organization, partnership, sole traders) that refers to devices or systems used to streamline repetitive warehouse operations and make them less labor intensive to generate greater operational efficiencies. Warehouse automation is an integral entity of supply chain optimization, as it reduces time, effort, and errors caused due to manual or repetitive tasks. These automated systems are transforming operational facilities by increasing the speed of inventory movement, increasing storage density, reducing labor costs, and improving human safety inside the facility. The main types of warehouse automation are conveyor/sortation systems, automated storage and retrieval systems (AS/RS), mobile robots, warehouse management systems (WMS), automatic identification and data capture (AIDC). Sortation is the act of detecting individual objects on a conveyor system and routing them to the appropriate areas with the help of a variety of devices controlled by task-specific software. They are divided based on components in hardware and software that can function activities such as inbound, picking, outbound. There are various end users of warehouse automation such as general merchandise, healthcare, FMCG/non-durable goods, other end users. The global warehouse automation market size is expected to grow from $15.21 billion in 2021 to $17.47 billion in 2022 at a compound annual growth rate (CAGR) of 14.86%. The global warehouse automation market size is expected to grow to $31.03 billion in 2026 at a CAGR of 15.45%. The rise in e-commerce sales will drive the growth of the warehouse automation market. As retailers encounter to keep up with an increasing volume of the orders and will surge last-mile delivery needs, warehouse automation is briskly turning into the trump card for those who are looking for a leg up on the competition, especially in the competitive e-grocery market. For instance, according to the Robotic Business Review, e-commerce will grow and is expected to reach 22% of all the retail sales worldwide in 2023, as compared to that 14.1% in 2019. According to a study published by Prologis, a USA-based real estate investment trust, in 2021 the use of automation in warehousing is expected to increase revenue per square foot from 10% to 20% in the e-commerce real estate sector in the next three years. Therefore, the rise in the e-commerce sector is expected to boost the warehouse automation market during the forecast period. Investments in research and development activities are a key trend gaining popularity in the warehouse automation market. The companies operating in the warehouse automation sector are increasingly investing in R&D facilities, to boost their new product development activities and gain a competitive edge over other players through launching technologically advanced products with greater operational capabilities and performance. For instance, in November 2021, Honeywell International Inc, a US-based conglomerate company involved in building technologies, safety & productivity solutions and performance materials & technologies, has announced its plans to develop a new advanced research and development (R&D) testing facility in the Czech Republic for its own Honeywell Intelligrated warehouse automation business to meet the growing demand for technologies that enable secure, more accurate supply chains. The facility enables Honeywell software and hardware engineers to design, prototype and test the innovative warehouse automation systems used by the logistics companies to improve the efficiency, accuracy and throughput of packages within the warehouses and distribution centers. In July 2021, Zebra Technologies, an Illinois-based company involved in the manufacturing and distribution of marking, printing and tracking technologies, acquired Fetch Robotics for $290 million. The acquisition helps Zebra Technologies to accelerate its enterprise asset intelligence vision and expand its developmental activities in intelligent industrial automation by embracing new methods of empowering the workflows and helping customers operate efficiently in increasingly automated and data-powered environments. Fetch Robotics is a US-based on-demand provider of warehouse automation. Major players in the warehouse automation market are Daifuku Co., Ltd., Honeywell Intelligrated, KUKA Group, KNAPP Group, Omron Corporation, ABB Ltd, Kardex Group, SSI Schaefer AG, Locus Robotics, Dematic Group (Kion Group AG), Vanderlande Industries BV, Godrej Consoveyo Logistics Automation, Space Magnum Equipment, Toyota Industries, Yaskawa Electric Corp Inc, and WITRON Logistik + Informatik GmbH. North America was the largest region in the warehouse automation market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global warehouse automation market during the forecast period. The regions covered in the global warehouse automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the warehouse automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global warehouse automation market is segmented - 1) By Type: Conveyor/Sortation Systems, Automated Storage and Retrieval Systems (AS/RS), Mobile Robots, Warehouse Management Systems (WMS), Automatic Identification and Data Capture (AIDC) 2) By Component: Hardware, Software 3) By Function: Inbound, Picking, Outbound 4) By End User: General Merchandise, Healthcare, FMCG/Non-durable Goods, Other End Users