Cognitive Services Global Market Report 2023 – By Service Type (Data Transformation, Cloud and Web Based Application Programming Interface, Knowledge Management, Cognitive Risk Intelligence, Data Integration and Cognitive Automation, Training and Support, Communication Monitoring, Consulting and Advisory, Other Service Types), By Deployment (On Premises, Cloud ), By Technology Type (Natural Language Processing, Machine Learning and Deep Learning), By Application (Predictive Maintenance, Marketing Analysis, Quality Management Investigation And Recommendation, Supply Chain Management, Diagnosis And Treatment System, Safety And Security Management, Other Applications), By End User (Healthcare, Banking, Financial Services, and Insurance, IT and Telecommunication, Retail, Manufacturing, Education, Government, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Cognitive assessment and training refer to the mental process of learning and comprehending things through senses and experience. An individual's psychological processes and rate of information processing are formally evaluated in cognitive learning. The main types of components for the cognitive assessment and training market are solutions and services. Solutions in the market consist of offerings such as assessment, data management, data analysis, and reporting and cognitive training. Services in the market consist of services such as training and support or consulting by the providers. The components are used in small and medium-sized enterprises (SMEs), and large enterprises. These are used by healthcare and life sciences, education, corporate, and others. These are applied to clinical trials, learning, research, and others. The global cognitive assessment and training market is segmented - 1) By Component: Solutions, Services 2) By Organization Size: Small And Medium-sized Enterprises (SMEs), Large Enterprises 3) By Vertical: Healthcare And Life Sciences, Education, Corporate, Other Verticals 4) By Application: Clinical Trials, Learning, Research, Other Applications The global cognitive assessment and training market size will grow from $3.98 billion in 2022 to $4.94 billion in 2023 at a compound annual growth rate (CAGR) of 24.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the cognitive assessment and training is expected to grow to $12.31 billion in 2027 at a CAGR of 25.6%. Increased adoption of e-learning is expected to propel the growth of the cognitive assessment and training market during the forecast period. The delivery of learning and training through digital resources such as computers is known as eLearning. Assessment is an important aspect of the online classroom. A cognitive assessment offers a profile of an individual's academic abilities and challenges, as it provides a managed snapshot of their performance, thus helping to track progress in e-learning. There has been a significant increase in the adoption of e-learning, which in turn has increased the demand for cognitive testing. According to the e-learning statistics 2020 published by EdApp, a company that creates micro-learning-based learning management systems, the global e-learning industry grew by 200% to a value of $250 billion between 2017 and 2020. Moreover, the e-learning market is projected to reach over $300 billion by 2025. Therefore, increased adoption of e-learning drives the cognitive assessment and training market growth. Major players in the cognitive assessment and training market are Cambridge Cognition, Cogstate, Pearson, CogniFit, Lumosity, Posit Science Corp., Bracket Global, Neurocog Trials Inc., Total Brain, Medavante Inc., Signant Health, ProPhase LLC, CNS Vital Signs, LearningRX, Listen and Learn Centre, Philips, MedAvante-ProPhase, VeraSci, Oxford Learning, MeritTrac, Berke, Neurotrack, GL Assessment, Savonix, Winterlight Labs, Aural Analytics, Unmind, and Altoida Inc. Key players focusing on developing mobile applications and software equipped with the latest technologies such as artificial intelligence and the Internet of Things are shaping the cognitive assessment and training market. The companies are focusing on technological innovations and new product launches for better and enhanced results and product offerings to the market. For instance, in October 2022, S2 Cognition, a US-based sports company, launched Mobile Testing Lab for athletes. The Mobile Testing Lab offers cognitive assessments to event venues hosting large groups of athletes for tournaments and camps. In January 2020, Alpine Investors' portfolio firm, Riverside Insights, a US-based publisher of clinical and educational standardized tests acquired ImPACT Applications, Inc., for an undisclosed amount. Alpine continues its policy of catalyzing growth by partnering with complementary companies in the education and healthcare sectors. With the acquisition of ImPACT Applications, Riverside strengthens its offerings in the healthcare and education sector. ImPACT Applications, Inc., is a US-based provider of research-backed concussion assessments. The company provides FDA-cleared immediate post-concussion assessment and cognitive testing for ages 12-59 which involves processing speed, memory, and visual-motor abilities of the brain. North America was the largest region in the global cognitive assessment and training market in 2022. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in the cognitive assessment and training market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the cognitive assessment and training market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The cognitive assessment and training market includes revenues earned by entities by offering solutions that can be used for analyzing IQ or degree of intelligence, perceptual abilities, verbal and nonverbal skills, and other factors to cater to various industries. A standardized examination that assesses a person's psychological functioning and speed of information processing is called cognitive assessment and preparation. These assessments aid in more effectively identifying and acting on human needs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cognitive assessment and training market research report is one of a series of new reports from The Business Research Company that provides cognitive assessment and training market statistics, including cognitive assessment and training industry global market size, regional shares, competitors with acognitive assessment and training market share, detailed cognitive assessment and training market segments, market trends and opportunities, and any further data you may need to thrive in the cognitive assessment and training industry. This cognitive assessment and training market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Neuroprosthetics is the study of neuroprostheses and brain-machine interfaces. Neuroprosthetic devices substitute the cognitive or sensory functions that have been impaired due to nervous system disorders. They encompass various artificial devices or systems that can enhance the output or input of a neural system. The major purpose of neuroprosthetics is to allow brain-injured patients to participate in day-to-day life and improve their quality of life. The main types of neuroprosthetics are motor neuroprosthetics, auditory neuroprosthetics/ cochlear implants, visual neuroprosthetics/ retinal implants, and cognitive neuroprosthetics. As an orthosis, motor neuroprosthesis (MN) includes electrical stimulation of brain areas to promote the activities and involvement of persons who have had a stroke in their natural environment. The various techniques used are spinal cord stimulation, deep brain stimulation, vagus nerve stimulation, sacral nerve stimulation, and transcranial magnetic stimulation which are applied in various disorders such as motor neuron disorders, physiological disorders, and cognitive disorders. The global neuroprosthetics market is segmented - 1) By Type: Motor Neuroprosthetics, Auditory Neuroprosthetics/ Cochlear implants, Visual Neuroprosthetics/ Retinal implants, Cognitive Neuroprosthetics 2) By Technique: Spinal Cord Stimulation, Deep Brain Stimulation, Vagus Nerve Stimulation, Sacral Nerve Stimulation, Transcranial Magnetic Stimulation 3) By Application: Motor Neuron Disorders, Physiological Disorders, Cognitive Disorders The global neuroprosthetics market size grew from $8.09 billion in 2022 to $9.24 billion in 2023 at a compound annual growth rate (CAGR) of 14.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the neuroprosthetics market is expected to grow to $16.03 billion in 2027 at a CAGR of 14.7%. The rising patient population suffering from neurological disorders and nerve injuries is expected to propel the growth of the neuroprosthetics market. Neurological disorders are referred to as disorders that affect the brain and the nerves present in the human body and the spinal cord. Nerve injuries are the damages caused to nerves due to pressure, cuts, or stretching during an accident or any unpredicted event. Neuroprosthetics help patients with such disorders and injuries to restore their lost motor and sensory functions. For instance, according to the world Health Oganization (WHO), a Switzerland-based health agency of the united nations, in 2022, 50 million people globally were suffering from epilepsy, nearly 80% of them were living in low and middle-income countries. Therefore, the growing patient population suffering from neurological disorders and nerve injuries is driving the growth of the neuroprosthetics market. Major players in the neuroprosthetics market are Medtronic plc, Cochlear Ltd., Abbott Laboratories, Boston Scientific, LivaNova PLC., Second Sight Medical Products Inc., MED-EL, Retina Implant AG, Sonova, Neuropace, NDI Medical LLC, Demant AS, Oticon, St. Jude Medical Inc. and Biomet Inc. Technological advancements are shaping the neuroprosthetics market. Technological advancement is defined as a discovery of knowledge that advances technology to provide an enhanced product to the customers. For instance, in July 2021, the University of California San Francisco Parnassus Campus (UCSF), a US-based academic medical center, developed Speech Neuroprosthesis. The new achievement was developed by researchers of UCSF, which enabled paralysis patients to directly translate the signals from their brain to the vocal tract, which appear as text on the screen. The technology used is Brain-Computer Interface Restoration of Arm and Voice which uses human vocabulary with advanced computer algorithms that are used to recognize brain activity. In February 2021, Flow Neuroscience, a Sweden-based developer of a brain stimulation device, acquired Halo Neuroscience, for an undisclosed amount. With this acquisition, Flow Neuroscience aims at providing more personalized solutions related to brain disorders. Halo Neuroscience is a US-based developer of brain stimulators that develops muscle memory faster and develops and designs neuroprosthetics. North America was the largest region in the neuroprosthetics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in neuroprosthetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the neuroprosthetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The neuroprosthetics market includes revenues earned by entities by peripheral nerve, brain-computer interface, electro stimulation, neurostimulation, cochlear implant, stimulation, femoral nerve and carbon nanotube. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The neuroprosthetics market research report is one of a series of new reports from The Business Research Company that provides neuroprosthetics market statistics, including neuroprosthetics industry global market size, regional shares, competitors with a neuroprosthetics market share, detailed neuroprosthetics market segments, market trends and opportunities, and any further data you may need to thrive in the neuroprosthetics industry. This neuroprosthetics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Document capture software is specialized software for digitalizing the documentation process and reducing the burden of paper documents and storage-related issues. The software combines importing, scanning, and integration capabilities to digitize all the documents in a single location so that they are easily accessible. The document capture software is used to capture incoming documents and store them in a central digital repository. The main types of deployment in document capture software are cloud, on-premise, and hybrid. The cloud is used to access the software without the need to establish a server and data center. "Cloud" refers to services provided via the internet. The software is stored on the remote host server and is accessible to the customer via the internet. This type is beneficial in low IT-cost operations. The different solutions include multiple-channel capture, cognitive capture, mobile capture, and others. The organizations that use document capture software are small and medium enterprises (SMEs) and large enterprises. It is employed in retail, banking, financial services and insurance, telecom and IT, healthcare, transportation and logistics, energy, and other industries. The global document capture software market is segmented - 1) By Solution: Multiple-Channel Capture, Cognitive Capture, Mobile Capture, Other Solutions 2) By Deployment: Cloud, On-Premise, Hybrid 3) By Organization Size: Small And Medium Enterprises, Large Enterprises 4) By Industry: Retail, Banking, Financial Services And Insurance, Telecom And IT, Healthcare, Transportation And Logistics, Energy, Other Industries The global document capture software market size will grow from $8.17 billion in 2022 to $9.11 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the document capture software is expected to grow to $14.13 billion in 2027 at a CAGR of 11.6%. The increasing adoption of cloud-based software is expected to propel the growth of the document capture software market going forward. Cloud-based software is software that is hosted in the cloud and is accessed via a web browser using the internet. It lowers IT and maintenance costs for enterprises, which is why many enterprises are going for cloud-based software to store and track electronic files and folders, which in turn is promoting the adoption of document capture software. For instance, in November 2021, DigitalOcean, Inc., a US-based provider of cloud infrastructure, during the epidemic, 65% of small and medium-sized enterprises said they relied more on cloud computing. 92% of respondents said that in 2021, their reliance increased. According to the respondents, 82% of conventional SMBs, 83% of tech SMBs, and 92% of businesses indicated their cloud usage has continued to climb this year. These respondents claimed higher cloud usage in 2020 owing to COVID-driven digital acceleration. 69 percent of respondents said they thought the cloud has helped their company bounce back from the ongoing pandemic. Therefore, the increasing adoption of cloud-based software is propelling the document capture software market growth. Major players in the document capture software market are Adobe Inc., Canon Inc., DocStar ECM, Hyland Software Inc., ABBYY, Artsyl Technologies Inc., KnowedgeLake Inc., Oracle Corporation, Kofax Inc., Xerox Corporation, IBM Corporation, Siemens AG, and Outback Imaging Pty Ltd., Dell Inc. Technological advancements are the key trends gaining popularity in the document capture software market. The players operating in the document capture software sector are constantly innovating and incorporating new technologies to increase their consumer base. For instance, in July 2022, Kodak Alaris, a UK-based photographic hardware and software manufacturer, released Capture Pro, a next-generation document capture software. This is available with security updates, feature enhancements, and integrations with third-party applications. This features conformance with PDF/UA (Portable Document Format/Universal Accessibility) that ensures accessibility for people using assistive technology to read electronic content. In June 2021, Kofax, a US-based software company, acquired Psigen Software Inc., for an undisclosed amount. The acquisition would add to Kofax's previously existing document capture software and solutions offerings and further extend the leadership position of the company in the market. Psigen Software, Inc., is a US-based software company that develops document capture software. North America was the largest region in the document capture software market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the document capture software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the document capture software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The document capture software market consists of revenues earned by entities by providing document capture software that are used to automate business document acquisition, recognition, and classification. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The document capture software market research report is one of a series of new reports from The Business Research Company that provides document capture software market statistics, including document capture software industry global market size, regional shares, competitors with document capture software market share, detailed document capture software market segments, market trends, and opportunities, and any further data you may need to thrive in the document capture software industry. This document capture software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The software defined radio refer to a radio communication system that uses reconfigurable software-based elements for digital signal processing and conversion. The system can tune to any frequency band, integrate different modulation-demodulation schemes, and support multiple standards in the same device using reconfigurable hardware and powerful software. The purpose of SDR is to act as a programmable transceiver that supports various wireless technologies. The main types of software-defined radio are joint tactical radio systems (JTRS), cognitive radio, general purpose radio, and terrestrial trunked radio (TETRA). A joint tactical radio system (JTRS) refers to software-defined radio used for the transmission of information in military and naval operations. A joint tactical radio system is a set of software-based radio systems used in ground vehicles and military vehicles. Hardware, software, and service are the components, and airborne, naval, land, and space are the platforms for software-defined radio. High frequency (HF), very high frequency (VFH), and ultra-high frequency (UFH) are the frequencies of software-defined radio. Aerospace & defense, telecommunication, public safety, and commercial are the end users of software-defined radio. The global software defined radio market is segmented - 1) By Type: Joint Tactical Radio System (JTRS), Cognitive Radio, General Purpose Radio, Terrestrial Trunked Radio (TETRA), Other Types 2) By Component: Hardware, Software, Service 3) By Platform: Airborne, Naval, Land, Space 4) By Frequency Band: High Frequency (HF), Very High Frequency (VHF), Ultra-High Frequency (UHF), Other Bands 5) By End-Users: Aerospace And Defense, Telecommunication, Public Safety, Commercial, Other End-Users The global software defined radio market size will grow from $21.31 billion in 2022 to $23.37 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the software defined radio is expected to grow to $31.87 billion in 2027 at a CAGR of 8.1%. The rising defense spending to upgrade defense communication systems is expected to propel the software-defined radio market. The defense sector provides soldiers with technological advantages that enable them to work tactfully in wartime by providing them with enhanced data transmission capability, voice clarity, and data transmission accuracy systems. These advanced communication systems aid in the protection of sensitive data throughout the defense sector. Furthermore, as cross-border disputes and terrorism become more prevalent, investments in defense communication are increasing. These factors would likely increase the use of advanced communication systems for greater security and safety. For instance, in September 2021, the Government of the UK, have invested $131.67 million (£ 110 million) for frontline radio communications. Furthermore, In November 2021, the Defence Acquisition Council of India (DAC) approved the investment of $307.12 million (Rs. 2000 crores) to boost military communications. Therefore, the increase in defense spending on defense communications systems will drive the software-defined radio market growth. Major players in the software defined radio market are Elbit Systems Ltd., L3Harris Technologies Inc., BAE Systems plc, General Dynamics Corporation, Leonardo SpA, Northrop Grumman Corporation, Thales Group, Raytheon Technologies Corporation, Rohde & Schwarz GmbH & Co KG, Huawei Technologies Co Ltd., Analog Devices Inc., Viasat Inc., Ettus Research Inc., National Instruments Corporation, Aselsan AS, Ultra Electronics Holdings, ZTE Corporation and Texas Instruments Incorporated. Technological development is a key trend gaining popularity in the software-defined radio market. Software-defined radio technology has advanced significantly. The market has witnessed hardware advancements that have reduced costs while increasing performance. These technologies offer significant advantages over traditional radio designs based on hardware. These radios are used in various applications that use software-defined radio processing. Major companies operating in the software-defined radio market are creating innovative technologies to provide hassle communications. For instance, In September 2021, Domo Tactical Communications, a US-based communications equipment company, launched a 2x1W software-defined radio and WUI. This SDR2x1W-P is intended to meet the needs of unmanned platforms by offering a higher-longer range, encrypted links for the reliable transfer of video, audio, data, and general IP network traffic in real-time environments. In May 2021, Codan Communications, a US-based company that designs and manufactures communications equipment for High Frequency (HF) and Land Mobile Radio (LMR), acquired Domo Tactical Communications (DTC) for a deal amount of $104 million. With this acquisition, Codan’s strategy is to expand its tactical communications and aims to replace the conventional phone-only platform with comprehensive voice, data, and video communications solutions. DTC is a US-based communications equipment company that provides tactical communication technology. North America was the largest region in the software defined radio market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software defined radio market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the software defined radio market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The software defined radio market consist of sales of transmitter, receiver, auxiliary systems, and antenna. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The software defined radio market research report is one of a series of new reports from The Business Research Company that provides software defined radio market statistics, including software defined radio industry global market size, regional shares, competitors with a software defined radio market share, detailed software defined radio market segments, market trends and opportunities, and any further data you may need to thrive in the software defined radio industry. This software defined radio market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Business-to-business legal services essentially provide services when there is a dispute between two or more businesses or corporate entities, sole proprietors or firms, and another company or individual. Legal services are required for the smooth functioning of your business. The main types of B2B legal services are civil or criminal, mergers and acquisitions, business transactions, and others. Mergers and acquisitions are deals in which two companies combine in some way. In a merger, two companies of comparable size join forces to form a new corporate entity. An acquisition, on the other hand, occurs when a larger corporation acquires a smaller company, absorbing the smaller company's business. The services is divided into size of the law forms such as large law firms and small law firms and the services are used by listed corporations, government institutions, small and medium-sized enterprises, high net worth individuals, and others. The global B2B legal services market is segmented - 1) By Service Type: Civil or Criminal, Mergers and Acquisitions, Business Transactions, Other Services 2) By End-user: Listed Corporations, Government Institutions, Small and Medium-sized Enterprises, High Net worth Individuals, Other End-Users 3) By Size of Law Firm: Large law firms, SME law firms The global b2b legal services market size will grow from $431.6 billion in 2022 to $459.59 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of b2b legal services is expected to grow from $563.45 billion in 2027 at a compound annual growth rate (CAGR) of 5.2%. An Increase in the number of mergers and acquisitions contributed to the growth of the B2B legal services market. For completing mergers and acquisitions transactions, the companies require to consult legal firms for finalizing the deal. According to Refinitiv data, the total value of disclosed pending and completed deals in 2021 has already surpassed $3.6 trillion year to date, surpassing the full-year total of $3.59 trillion in 2020. The increase in the number of mergers and acquisitions drove the B2B legal services market. Major players in the B2B legal services market are Latham & Watkins LLP, Kirkland & Ellis LLP, DLA Piper, Baker & McKenzie, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, Sidley Austin LLP, Morgan, Lewis & Bockius LLP, Linklaters LLP, Jones Day and Allen & Overy LLP. The shortage of skilled workforce in the industry is expected to limit the B2B legal services market. The effects of skilled workforce shortage are high turnover rate, ineffective staff management, increased business expenses, and loss of customers. According to new study into the extent of the skills shortage conducted by The Lawyer in 2021, 58% of legal organisations are currently feeling the strain of a lack of competent workers. The shortage of qualified workforce reduces the effectiveness of the firms output and negatively affects B2B legal services market. Legal service firms are using blockchain to provide a secure way to make transactions and record that transparently. Blockchain is open, distributed ledger that record transactions between the two association or companies efficiently and permanent way. According to a law firm research report in 2020, 41% of law firms will employ blockchain in transactional legal services, 21% for business assistance, and the remaining 31% for high-value legal services. Smart contracts are created digitally and verifiable since they are on the blockchain. Smart contracts help lawyers spend more time on legal advising instead of drafting legal documents. For instance, Chainlink is a start-up that developed technology that relies on data from multiple sources and makes smart contracts more attractive. Blockchain and smart contracts offer several advantages such as secure transactions, transparent records, less paperwork, and more time for advising clients. In January 2020, UK based law firm DWF acquired Chicago-based managed services business Mindcrest for a deal amount of $18.5 million. DWF gets a readymade low-cost legal center through this acquisition that will bolt on to the existing managed legal services capabilities. Mindcrest provides litigation support, contracts, compliance, and legal analytics for corporate clients. North America was the largest region in the b2b legal services market in 2022. Western Europe was the second largest region in global b2b legal services market share. The regions covered in global b2b legal services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the B2B legal services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The B2B legal services market consists of revenue earned by entities by providing services such as advising corporate clients on the body of law that governs disputes between businesses and representing corporate clients in civil cases, business transactions and other matters in which legal advice and other assistance are sought. Civil laws deal with disputes between private parties such as defamation, professional negligence, inheritance, breach of contract, property disputes and others. This segment excludes legal services offered during disputes between businesses and individuals. B2B legal services are usually provided by commercial law firms. Clients of commercial law firms include listed corporations, government institutions, small and medium-sized enterprises and high net worth individuals. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales along the supply chain or as part of other products.

Environmental management is concerned with describing and monitoring environmental changes, predicting future changes, and attempting to maximize human benefit while minimizing environmental degradation caused by human activities. Compliance due diligence is conducting a thorough investigation, audit, or analysis of a company's compliance with governmental and non-governmental regulatory bodies. The main types of services in environmental management, compliance, and due diligence services are environment management services, environment compliance services, and environmental due diligence services. An Environmental Management System (EMS) is a collection of systems and practices that allow a company to minimize its environmental footprint while also increasing its operational efficiency. This site serves small enterprises and private sector, as well as local, state, and federal organizations, with information and resources relevant to an EMS. The different applications include government, utilities, others and is used by various verticals such as mining, manufacturing and process industries, energy and utilities, government and regulators, infrastructure and development, others. The global environment management, compliance and due diligence market is segmented – 1) By Service Type: Environment Management Services, Environment Compliance Services, Environment Due Diligence Services 2) By End-Users: Mining, Manufacturing And Process Industries, Energy And Utilities, Government And Regulators, Infrastructure And Development, Other End-Users 3) By Applications: Government, Utilities, Other Applications The global environment management, compliance and due diligence market size will grow from $9.45 billion in 2022 to $10.32 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global environment management, compliance is expected to grow to $14.01 billion in 2027 at a CAGR of 7.9%. Increasing environmental safety concerns across the globe contributed to the growth of the environmental management, compliance, and due diligence services market. Profound public interest in the threats facing the environment, as well as accelerating claims placed on the environment by the increased population, are projected to spur demand for environmental scientists and specialists. According to the U.S. Bureau Of Labor Statistics, the employment of environmental scientists and specialists is projected to grow 8% from 2019 to 2029, much faster than the average for all occupations. Environmental auditing has spread rapidly with an equivalent development of the approaches and techniques adopted. Therefore, working in an error-proof environment where the systems, tasks, and processes they work in are well designed would propel the revenues generated for the environment management, compliance and due diligence market. Major players in the environment management, compliance and due diligence market are AECOM, Tetra Tech, Strategix Application Solutions, Metrix Software Solutions, Lighthouse, Qooling, Intelex, SiteDocs, IndustrySafe, SafetySync, SafetyTek, iAuditor, Form, CH2M Hill, Tetra Tech, Arcadis and MyEasyISO. The high cost associated with environmental consulting services is expected to limit the growth of the environmental management, compliance, and due diligence services market. The services offered by an experienced consultant in the industry are priced high with a focus on the value of the service. For instance, the due diligence costs can range from $15,000 to $50,000 per site. Moreover, exponent’s engineers, scientists, and environmental economists charge a high price for environmental response actions, estimate current and future liabilities, and apportion prices among potentially responsible parties. This discourages small and medium enterprises to use the services as it increases their operational costs. The launch of carbon footprint management has created immense demand in the environmental management, compliance, and due diligence services market. Companies are increasingly following carbon footprint management at the vertical level due to the need to comply with carbon emissions regulations. For instance, in June 2020, SAP launched a carbon emissions accounting system to address climate change. SAP launched the first solution in its Climate 21 program to help enterprises to perform their business operations efficiently where sustainability is an economic and strategic imperative. A carbon footprint is used as a transcript for the quantity of carbon (usually in tonnes) being discharged by an organization. It is also a significant constituent of the ecological footprint since it is one competing demand for biologically productive space. In November 2021, Montrose Environmental Group, a US-based company providing environmental and analytical services acquired Horizon Water and Environment LLC for an undisclosed amount. Through this acquisition, Montrose Environmental Group plans to enhance its knowledge of water resources and growing ecosystem offerings in California. Horizon Water and Environment LLC is a US-based environmental consulting firm that provides environmental consulting services to state and local government entities and are experts in CEQA/NEPA, environmental laws, regulatory requirements, and permitting processes. North America was the largest region in the environment management, compliance and due diligence market in 2022. Western Europe was the second largest region in the global environment management, compliance and due diligence services market share. The regions covered in the global environment management, compliance and due diligence market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the environment management, compliance and due diligence market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The environment management, compliance and due diligence market consists of revenue earned by entities by providing advisory services to businesses and other organizations for obtaining licenses, compliance with government regulations and due diligence. These companies undertake environmental audits and quality assurance checks, conduct inspections, and ensure companies comply with environmental laws, regulations and international standards. Environmental due diligence involves steps to prevent an environmental offence from occurring. It can significantly reduce the risk of environmental accidents as well as regulatory and civil liability. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The environment management, compliance and due diligence market research report is one of a series of new reports from The Business Research Company that provides environment management, compliance and due diligence market statistics, including environment management, compliance, and due diligence industry global market size, regional shares, competitors with a environment management, compliance and due diligence market share, detailed environment management, compliance and due diligence market segments, market trends and opportunities, and any further data you may need to thrive in the environment management, compliance, and due diligence industry. This environment management, compliance and due diligence market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Site remediation consulting services refers to the systematic steps of detecting, investigating, and assessing the hazards of suspected contaminated sites, reversing harmful changes in the soil, eliminating site pollution, and implementing follow-up measures. The main types of site remediation consulting services are bioremediation, pump & treat, in situ vitrification, thermal treatment, chemical treatment, excavation, soil washing, and others. Bioremediation is a field of biotechnology that uses living organisms such as microorganisms and bacteria to remove contaminants, pollutants, and poisons from soil, water, and other environments. The various forms of services include remediation services, soil remediation services, and water remediation services and are used by waste disposal sites, oil & gas, mining, chemicals & petrochemicals, manufacturing, agriculture, construction, and others. The global site remediation consulting services market is segmented - 1) By Type: Bioremediation, Pump & treat, In situ vitrification, Thermal treatment, Chemical treatment, Excavation, Soil washing, Other Types 2) By Application: Waste disposal sites, Oil & gas, Mining, Chemical & Petrochemical, Manufacturing, Agriculture, Construction, Other Applications 3) By Service: Remediation Services, Soil Remediation Services, Water Remediation Services The global site remediation consulting services market size will grow from $15.45 billion in 2022 to $16.48 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global site remediation consulting services market size is expected to grow to $20.49 billion in 2027 at a CAGR of 5.6%. The rapid rise in air and water pollution levels over the last decade and the increase in natural calamities such as floods, earthquakes, and landslides globally are driving the demand for site remediation consulting services. There has been an increase in the scope for ecological restoration and site remediation consulting services due to the rise in natural calamities such as tsunamis, hurricanes, and earthquakes. For instance, in 2021, according to the National Oceanic and Atmospheric Administration, United States suffered $145 billion in damages due to weather disasters. Floods on the Mississippi, Missouri, and Arkansas rivers were three of them. Flooding affected over 14 million people this year, with an additional 200 million at risk. Major players in the site remediation consulting services market are Tetra Tech Inc., Environmental Resources Management, AECOM, CH2M Hill, Arcadis, Clean Harbors and Veolia Environmental Services. The transformation from traditional consulting to cloud-based consulting is one of the key trends shaping the market growth of the site remediation consulting services market during the forecast period. Most of the remediation services companies will use mobile devices to handle work orders and are expected to transform from traditional consulting to software-as-a-service based consulting. The software-as-a-service platforms are delivered in the form of EHS compliance, industrial environmental compliance management, carbon reporting, water quality management, and QHSE (quality, environmental, health, and safety) management. Cloud-based consulting provides an easy approach for consulting services and needs renewal after a certain period of time. In May 2022, Partner Engineering and Science Inc. a US-based engineering, environmental, and energy consulting company, acquired EndPoint LLC for an undisclosed amount. The acquisition of EndPoint LLC would round out all abilities of Partner Engineering and Science Inc. to provide various services nationally and offer local expertise to their clients, many of which maintain assets in multiple markets. EndPoint LLC is a US-based environmental services, industrial hygiene, and site remediation company. With an emphasis on regulatory compliance, the company is expert in environmental and building media characterization and remediation. North America was the largest region in the site remediation consulting services market in 2022. Western Europe was the second largest region in the global site remediation consulting services market share. The regions covered in the global site remediation consulting services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the site remediation consulting services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The site remediation consulting services market consists of revenue earned by entities that advise businesses and other organizations on activities such as controlling environmental contamination from pollutants, toxic substances, and hazardous materials. These companies provide solutions for assessment, management, and remediation to prevent and correct land contamination. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The site remediation consulting services market research report is one of a series of new reports from The Business Research Company that provides site remediation consulting services market statistics, including site remediation consulting services industry global market size, regional shares, competitors with a site remediation consulting services market share, detailed site remediation consulting services market segments, market trends and opportunities, and any further data you may need to thrive in the site remediation consulting services industry. This site remediation consulting services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Financial services are products and services provided by financial institutions that facilitate various financial transactions and other financial activities like loans, insurance, credit cards, investment opportunities, and money management. The main types of financial services are lending and payments; insurance; reinsurance; insurance brokerage; investments; and foreign exchange services. The lending and payments market refers to the lender's making funds and making them available to a person. The services are offered to small- and medium-sized businesses as well as large businesses. The services are used by individuals, corporations, governments, and investment institutions. The global financial services market is segmented - 1) By Type: Lending And Payments, Insurance, Reinsurance And Insurance Brokerage, Investments, Foreign Exchange Services 2) By Size Of Business: Small And Medium Business, Large Business 3) By End User: Individuals, Corporates, Government, Investment Institution Subsegments Covered: Lending, Cards & Payments, Insurance, Insurance Brokers & Agents, Reinsurance, Wealth Management, Securities Brokerage And Stock Exchange Services, Investment Banking The global financial services market size grew from $25848.74 billion in 2022 to $28115.02 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global financial services market is expected to grow to $37484.37 billion in 2027 at a CAGR of 7.5%. The global payments industry has witnessed a rapid increase in the adoption of EMV technology. This growth is driven by the higher level of data security offered by EMV chips and PIN cards as compared to traditional magnetic stripe cards. EMV is a security standard for various payment cards, including debit, credit, charge, and prepaid cards. Major companies in the financial services market include Allianz Group, Industrial and Commercial Bank of China, JPMorgan Chase & Co., Ping An Insurance, Axa Group, Anthem, Inc., Agricultural Bank Of China, China Life Insurance, China Construction Bank, and Centene. The chip carries data for the cardholder and the account, which is protected using both hardware and software security measures. According to the global technical body EMVCo, the number of EMV chip payment cards across the world reached 10.8 billion in 2020. In line with the rest of the world, the adoption rate of EMV chip payment cards has steadily grown across various regions in the world, reaching 71.7% in Canada, Latin America, and the Caribbean region, 61.2% in Africa and the Middle East region, and 32.7% in the Asia-Pacific region. Banks and financial institutions are adopting digitization to modernise their commercial lending business. This move is mainly a result of increased competition among banks and growing demand for a simplified and quick commercial lending process. Digitization leads to improved customer satisfaction in obtaining a commercial loan, which can otherwise be a complex and slow process. It also enables banks to target new customer categories and offer customer-centric solutions, which leads to improved efficiencies in the commercial lending business. Some of the banks that have incorporated digitization into lending are Commonwealth Bank of Australia, Hana Bank, and Fidor Bank. Many wealth management companies are investing in big data analytics capabilities to generate insights about clients. Big data solutions are being implemented to deliver insights around client segments, product penetration, and training programme effectiveness. These technologies are being implemented to assess existing and prospective clients’ inclination to purchase various products and services being offered by a wealth management company, their lifetime value, investment pattern, and the ability of the client to take risks. They are also helping wealth management companies to track business performance, increase client acquisition and retention rates, increase sales, and offer real-time investment advice. For instance, CargoMetrics, an investment firm based in Boston, used the Automatic Identification System (AIS) to collect data on commodity movement such as cargo location and cargo size to develop an analytics platform for trading commodities, currencies, and equity index funds. This tool was also sold to other hedge funds and wealth managers. Western Europe was the largest region in the financial services market share in 2022. North America was the second-largest region in the financial services market. The regions covered in the global financial services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa The countries covered in the financial services market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The financial services market includes revenues earned by entities by providing financial or money related services such as lending, investment management, insurance, brokerages, payments, and fund transfer services. The financial services industry is categorized on the basis of the business model of the firms present in the industry, and most firms offer multiple services. Revenues include fees, interest payments, commissions, or transaction charges. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The financial services research report is one of a series of new reports from The Business Research Company that provides financial services statistics, including financial services industry global market size, regional shares, competitors with financial services share, detailed financial services segments, market trends and opportunities, and any further data you may need to thrive in the financial services industry. This financial services research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.