Professional Services Coverage

Animal Testing And Non-Animal Alternative Testing Market Definition

Animal testing or in-vivo testing is the use of living animals in scientific experiments to assess the safety and effectiveness of new products developed in the biopharma, medical devices, chemicals, food and other industries. Animal testing allows scientists to understand how the human body might react to specific substances. The study on animals is a vital part of the research because the basic cell process and physiology of animals is similar to that of humans. Non-animal alternative testing technologies include those technologies such as in-vitro cell and tissue cultures, organs-on-chips (OOCs), computer simulations, 3D bioprinting of tissues and synthetic skin substitutes. These technologies replace animal testing in end-use industries including pharmaceuticals, medical devices, chemicals and pesticides, food and others.

Border Security Market Definition And Segments

Border security refers to the measures taken by a nation to protect its borders from unauthorized entry, control the flow of people and goods, and prevent illegal activities such as smuggling and terrorism. It encompasses a range of strategies, technologies, and personnel deployed to monitor, patrol, and manage border areas to ensure national security, public safety, and regulatory compliance. The main types of components in border security are laser, radar, camera, perimeter intrusion and others. A laser component refers to any individual part or element that is used in the construction or operation of a laser system. It includes various segments such as cargo scanners, elemental isotope detectors, ground sensors, radar systems, night-vision goggles, unmanned systems, satellite surveillance, communication systems, biometric systems, and others and used on different platforms, such as land ports, ports and aviation. The border security market covered in this report is segmented – 1) By Component: Laser, Radar, Camera, Perimeter intrusion, Other Components 2) By System: Cargo Scanner, Elemental Isotope Detector, Ground Sensor, Radar System, Night-Vision Goggles, Unmanned Systems, Satellite Surveillance, Communication System, Biometric System, Other Systems 3) By Platform: Land Port, Ports, Aviation The border security market size has grown strongly in recent years. It will grow from $42.03 billion in 2023 to $46.65 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to terrorism and transnational threats, migration and refugee crisis, drug trafficking and smuggling, technological advancements, globalization and trade security. The border security market size is expected to see strong growth in the next few years. It will grow to $59.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to emerging technologies and AI integration, biometric innovations for enhanced identification, climate change and environmental pressures, cybersecurity concerns and digital threats, global health crises and pandemic preparedness. Major trends in the forecast period include integration of advanced technologies, biometric authentication and identity verification, unmanned aerial vehicles (UAVs) and drones, cybersecurity measures for critical infrastructure, international collaboration and information sharing.

Rising Territorial Conflicts Fuel Growth In Border Security Market

The rising instances of territorial conflicts are expected to propel the growth of the border security market going forward. Territorial conflicts refer to disputes or disagreements between countries or other political entities over the control, ownership, or sovereignty of a specific piece of land or territory. These conflicts can arise from historical, political, ethnic, economic, or strategic reasons. Border security measures are often utilized in territorial conflicts to assert control over disputed territories, defend national borders, manage potential security threats, and enhance control and surveillance capabilities. For instance, in March 2023, according to ReliefWeb, a US-based digital service for the coordination of humanitarian affairs, terrorist attacks became more deadly in 2022, killing on average 1.7 people per attack in 2022 compared to 1.3 deaths in 2021. Therefore, the growing pharmaceutical industry is driving the growth of the border security market. Major companies operating in the border security market are Cobham plc., Raytheon Technologies, Airbus SE, Lockheed Martin, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems, Safran SA, Thales Group, L3Harris Technologies, Leonardo SpA, Leidos, Booz Allen Hamilton Inc, Motorola Solutions Inc, Harris Corporation (now part of L3Harris Technologies), Elbit Systems, Rheinmetall AG, CACI International Inc, FLIR Systems (now part of Teledyne Technologies), Macquarie Group Limited (Macquarie Infrastructure and Real Assets), Israel Aerospace Industries (IAI), Saab AB, Palantir Technologies, Cubic Corporation, Smiths Detection, OSI Systems Inc, Rapiscan Systems

Strategic Partnerships Revolutionize Border Security

Major companies operating in border security are adopting a strategic partnership approach to provide comprehensive solutions and address the complex challenges associated with border control. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in February 2023, BAE Systems, a UK-based aerospace company, partnered with the Home Office., a UK-based government department. With this partnership, they aim to assist in detecting national security threats at the UK border and to develop a project called Cerberus, which aims to secure UK borders through advanced data analytics. This three-year contract worth $49.4 million (£38 million) will provide real-time risk assessments to identify high-threat movements of goods and people and speed up the progress of low-threat goods and people, thus unlocking efficiencies for Border Force and enabling UK prosperity and flow.

Maqta Gateway LLC Acquires TTEK Inc. To Expand Global Leadership In Digital Trade Solutions

In April 2023, Maqta Gateway LLC, a United Arab Emirates-based digital trade solutions firm, acquired TTEK Inc. for an undisclosed amount. With this acquisition, Maqta Gateway LLC aims to become a global leader in digital trade solutions, offering comprehensive, secure, and efficient border control systems for governments and businesses worldwide. TTEK Inc. is a Vietnam-based developer and provider of border control and customs solutions. Asia-Pacific was the largest region in the border security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the border security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the border security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The border security market consists of revenues earned by entities by providing services such as border patrol, surveillance and monitoring, inspection, interdiction, and enforcement. The market value includes the value of related goods sold by the service provider or included within the service offering. The delta robot market also includes sales of surveillance systems, sensors, radio systems, biometric systems, off-road vehicles, and marine patrol boats. 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 border security market research report is one of a series of new reports from The Business Research Company that provides border security market statistics, including border security industry global market size, regional shares, competitors with a border security market share, detailed border security market segments, market trends and opportunities, and any further data you may need to thrive in the border security industry. This border security 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.

Online Education Market Definition And Segments

Online education refers to a form of education delivered and facilitated through the internet or other computer-based technologies. Also known as e-learning, distance education, or virtual learning, online education allows students to access educational content, interact with instructors and peers, and complete coursework remotely without being physically present in a traditional classroom setting. The main types of online education are academic and corporate. An academic refers to a precise, formal explanation of a concept or term within a specific field of study. The various components include a laptop, mobile, and personal computer with various technologies such as mobile e-learning, learning management system, application simulation tool, rapid e-learning, podcasts, and virtual classroom. These are used in k-12, massive open online courses, small and midsize business (SMBS), large enterprises, others. The online education market covered in this report is segmented – 1) By Types: Academic, Corporate 2) By Component: Laptop, Mobile, Personal Computer 3) By Technology: Mobile E-learning, Learning Management System, Application Simulation Tool, Rapid E-learning, Podcasts, Virtual Classroom 4) By End-User: K-12, Massive Open Online Courses, Small and Midsize Business (SMBs), Large Enterprises, Other End-Users The online education market size has grown rapidly in recent years. It will grow from $55.57 billion in 2023 to $68.07 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to proliferation of high-speed internet and increased access to mobile devices, rising demand for education from remote, growing demand for flexible learning schedules, increased emphasis on courses and programs. The online education market size is expected to see rapid growth in the next few years. It will grow to $151.69 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%. The growth in the forecast period can be attributed to increased adoption of ai and adaptive learning, continuous learning and microlearning, hybrid learning models, growing recognition of the importance of soft skills, increased government support and initiatives. Major trends in the forecast period include hybrid learning models, AI-powered personalization, skill-based and microlearning courses, virtual reality (VR) and augmented reality (AR) integration, continued growth in professional development, micro-credentials and stackable certificates.

The Impact of Increasing Internet Penetration on Online Learning Growth

Increasing internet penetration is expected to propel the growth of the online education market going forward. Internet penetration refers to the percentage of the population of a specific geographic area, such as a country or region that has access to the Internet. The increasing internet penetration can be attributed to several factors such as affordability, e-commerce development, and social media influence. Internet penetration enhances access to information, education, and economic opportunities, fostering global connectivity and digital inclusion. Online education platforms often include real-time communication features, such as live video lectures, webinars, and chat functionalities. Smartphones with reliable internet connectivity enable students to actively participate in real-time discussions and engage with instructors and peers.. For instance, in 2023, according to Meltwater, a US-based software as a service (SaaS) solution and the world's first online media monitoring company states that the median age of the United Kingdom's population is 40.0. Total internet users in the UK were 66.11 million, analysis indicates that internet users in the UK increased by 224 thousand (+0.3 percent) between 2022 and 2023. Therefore, the increasing internet penetration is driving the growth of the online education market. Major companies operating in the online education market are Microsoft Corporation, Cisco Corporation, Oracle Technologies Inc., Pearson, Citrix System, SAP SE, Byju's, McGraw-Hill Educational Services LLC, Unacademy, Aptara Corporation, Udemy Training Technologies Inc., PowerSchool Group LLC, Coursera, Blackboard Solutions Inc., Simplilearn, Toppr, Udacity Learning Solutions Inc., MasterClass, Duolingo Inc., Docebo, Tata Interactive Systems, WizIQ Inc., Treehouse Island Inc., Edmodo, OpenLearning

A Cutting-Edge SaaS Assessment Platform Reshaping Learning Experiences

Major companies operating in the online education market are developing innovative technology advancements such as the New SaaS Assessment platform to increase their profitability in this market. The platform's goal is to transform learning experiences by delivering the highest standards of engagement, equity, and evidence for instructors, administrators, and learners. For instance, in 2023, Echo360 a US-based educational technology (EdTech) company launched a New SaaS Assessment platform, EchoExam. The platform aims to provide a comprehensive and customizable summative assessment solution for education and business. It offers features such as personalized item banks, K12 standards-based questions, and custom content integrations. The platform also ensures compatibility with various devices and delivery methods, including mobile, desktop, and print.

Class Technologies Inc. Acquired Anthology For Further Expansion

In June 2022, Class Technologies Inc. a US-based software company acquired Anthology for an undisclosed amount. The acquisition aimed to bring together the industry's leading educators and technologists to deliver the next generation of virtual and hybrid learning faster and stronger than they could as two separate entities. Anthology is a US-based education technology company that offers online education. North America was the largest region in the online education market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the online education market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The online education market includes revenues earned by entities by providing services such as online courses and related educational services and related These services encompass a wide range of offerings such as learning management systems (LMS), interactive course content, virtual classrooms, digital textbooks, online assessments, and additional educational resources. 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 online education market research report is one of a series of new reports from The Business Research Company that provides online education market statistics, including online education industry global market size, regional shares, competitors with online education market share, detailed online education market segments, market trends, and opportunities, and any further data you may need to thrive in the online education industry. This online education 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.

Small Office Home Office Market Definition And Segments

Small office home office (SOHO) refers to a category of business or workplace characterized by its small size, typically having a limited number of employees, often just one or a few individuals. The office serves as a space for business-related tasks, including administrative duties, potential client meetings, communication, and fulfilling other professional obligations. The main products of small office home offices are cloud services, managed services, network services, and security services. Cloud services are services provided over the internet, such as data storage, software applications, and computing power, allowing businesses to access and use resources remotely on a pay-as-you-go basis, it used in small businesses and home offices, and it used for retail, it and telecom, healthcare, manufacturing, education financial services: other end-users. The small office home office market covered in this report is segmented – 1) By Product: Cloud Services, Managed Services, Network Services, Security Services 2) By Application: Small Business Home, Office 3) By End-User: Retail IT And Telecom, Healthcare, Manufacturing, Education, Financial Services, Media And Entertainment, Other End-Users The small office home office market size has grown strongly in recent years. It will grow from $22.90 billion in 2023 to $24.82 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to internet connectivity, flexible work arrangements, increasing entrepreneurship, and small business growth, and urbanization and congestion. The small office home office market size is expected to see strong growth in the next few years. It will grow to $33.80 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to Remote Collaboration Tools, Cloud Computing Adoption, Flexible Work Policies, E-Commerce Growth, and Government Support Programs. Major trends in the forecast period include hybrid work models, virtual events and conferences, 5G-enabled connectivity, cybersecurity innovation, sustainable home offices, edge computing for SOHO.

SOHO Market Surges As Remote Work Culture Takes Center Stage

The rise in the remote work culture is expected to propel the growth of the small home office market going forward. Remote work culture refers to the shift in organizational norms and practices that enable employees to perform job duties outside a traditional office setting, often from their homes or other remote locations. As more companies adopt flexible work arrangements, there is a growing demand for home office setups to accommodate remote work needs. Remote work culture uses small office home office (SOHO) setups to allow individuals to work efficiently and flexibly from their homes, fostering productivity, work-life balance, and cost-effectiveness. For instance, in February 2023, according to the Office for National Statistics (ONS), a UK-based government agency, 44% of UK workers were working in some form of remote capacity, 16% were full-time remote workers, and 28% were hybrid workers who split their time between office and home-based work. In contrast, in 2022, the number of people working remotely in the UK was 30% of the workforce. Therefore, the rise in remote work culture is driving the growth of the small office home office market. Major companies operating in the small office home office market are Netgear Inc, QNAP Systems Inc, Microsoft, STMicroelectronics, Western Digital Technologies Inc., ASUS, Synology, Apple, Cisco Systems Inc., Dell Technologies, Dropbox, Google LLC, HP Inc., Intuit Inc., Legalzoom, Mailchimp, Salesforce Inc., Logitech International S.A., Dropbox Inc., LogMeIn Inc., Netgear Inc., Seiko Epson Corporation, Mailchimp Inc., LegalZoom Inc., Synology Inc., QNAP Systems Inc

Panchshil Realty Leads Luxury SOHO Market With Innovative Development

Major companies operating in the small-office home office market are focusing on developing innovative products, such as real estate development projects, to offer unique propositions per market conditions and overall demand. The small-office home office concept is designed to provide a flexible and comfortable workspace for small business owners and entrepreneurs who work from home. This innovative approach integrates ergonomic and aesthetically pleasing home office designs, creating an environment that seamlessly combines work and lifestyle. For instance, in February 2021, Panchshil Realty and Developers Private Limited, an Indian-based luxury real estate developer, launched its first-ever small-office home office (SOHO) development in Pune, Maharashtra. The SOHO development is part of Panchshil Realty's commercial portfolio, which includes built-to-suit office Special Economic Zones, IT parks, integrated workspaces, malls, and mixed-use developments.

Wework Enhances Common Desk's Potential For Growth And Member Services

In January 2022, WeWork Inc., a US-based coworking space and related services provider, acquired Common Desk for an undisclosed amount. With the enhanced support from WeWork, Common Desk will utilize WeWork's ten years of experience in member services to enhance our members' expertise and use WeWork's impressive client list to expand WeWork's member base further. Common Desk is a US-based flexible workspace provider. North America was the largest region in the small office home office market in 2023. The regions covered in the small office home office market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the small office home office market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The small office home office market includes revenues earned by entities by freelance services, consulting, virtual assistance, and digital marketing services. 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 small office home office market research report is one of a series of new reports from The Business Research Company that provides small office home office market statistics, including small office home office industry global market size, regional shares, competitors with small office home office market share, detailed small office home office market segments, market trends, and opportunities, and any further data you may need to thrive in the small office home office industry. This small office home office 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.

Corporate E-learning Market Definition And Segments

Corporate E-learning refers to the use of digital resources to deliver learning and training to employees within an organization. It allows organizations to provide personalized and flexible training to their employees, irrespective of their location and time zone, enabling them to learn virtually anywhere and anytime. The main types of technologies included in corporate E-learning are learning management systems (LMS), online E-learning, mobile E-learning, virtual classrooms, rapid E-learning, and others. A learning management system (LMS) refers to a software application or web-based technology designed for the administration, documentation, tracking, reporting, automation, and delivery of educational courses or training programs. These can be deployed in the cloud and on-premises and are used in different organizational sizes, including small and medium-sized enterprises and large enterprises. Various providers involved are instructor-led and text-based, and outsourced. The corporate E-learning market covered in this report is segmented – 1) By Technology: Learning Management System (LMS), Online E-learning, Mobile E-learning, Virtual Classroom, Rapid E-learning, Other Technologies 2) By Deployment: Cloud-based, On-premises 3) By Organization Size: Small And Medium-sized Enterprises, Large Enterprises 4) By Provider: Instructor Led And Text Based, Outsourced The corporate E-learning market size has grown rapidly in recent years. It will grow from $376.48 billion in 2023 to $447.55 billion in 2024 at a compound annual growth rate (CAGR) of 18.9%. The growth in the historic period can be attributed to social learning, multimedia integration, engaging E-learning courses, and growth in education companies. The corporate E-learning market size is expected to see rapid growth in the next few years. It will grow to $885.38 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to mobile learning, microlearning, AI and machine learning, remote workforce training, just-in-time learning. Major trends in the forecast period include personalized learning paths, data-driven learning analytics, remote workforce, focus on soft skills development, microlearning modules.

Remote Work Culture Fuels Expansion Of The Corporate E-learning Market

The rise in remote work culture is expected to propel the growth of the corporate E-learning market going forward. Remote work culture is the shift in organizational norms and practices that allow employees to work outside of a traditional office setting, often from their homes or other remote locations. The remote work culture is on the rise due to the advancements in digital technology, the desire for flexibility, and the need for business continuity. Corporate E-learning facilitates a remote work culture by providing accessible and flexible training solutions, ensuring continuous skill development and knowledge acquisition for dispersed employees. For instance, in February 2023, according to the Office for National Statistics, a UK-based non-ministerial department, between April 27 and May 8, 2022, when the recommendation to work from home was lifted in Great Britain, approximately 38% of employed adults stated that they had worked remotely. In the latest period, from January 25 to February 5, 2023, about 40% of working adults mentioned having worked from home at least once in the past seven days. Therefore, the rise in remote work culture is driving the growth of the corporate E-learning market. Major companies operating in the corporate E-learning market are The International Business Machines Corporation, Oracle Corporation, SAP SE, Adobe Inc., LinkedIn Corporation, Cornerstone OnDemand Inc., Blackboard Inc., Learning Technologies Group plc, Skillsoft Corporation, Cegos Group, Docebo Inc., D2L Corporation, SumTotal Systems LLC, IgniteTech, HIVE Blockchain Technologies Ltd., Coveo Solutions Inc., Learning Pool Limited, CrossKnowledge Group, Kallidus Ltd., Media Zoo, Mind Tools, iSpring Solutions Inc., GeoMetrix Data Systems Inc., CERTPOINT Systems, Moodle Pty Ltd.

Integration Of AI-Driven Creative Media Redefines The Corporate E-learning Landscape

Major companies operating in the corporate E-learning market are focused on developing new technologies, such as artificial intelligence (AI)-driven creative media, to increase their profitability in the market. AI-driven creative media involves using AI technologies to generate, enhance, or assist in the creation of various forms of media. For instance, in June 2022, D-ID, an Israel-based provider of cloud and AI-based platforms, launched a revolutionary corporate training solution that leverages AI and digital human technology specifically for corporate E-learning. This innovative platform enables companies to quickly create engaging video content by pairing images with text or audio files to generate customized photorealistic avatars. It allows for the transformation of articles, websites, and marketing materials into videos without the need for costly productions. It also offers a diverse range of presenters in terms of ethnicity, gender, and language for a more immersive and interactive approach to content.

Omniplex Learning Strengthens Digital Learning Solutions Through Acquisition Of Good E-learning

In March 2023, Omniplex Learning, a UK-based software company, acquired Good E-learning for an undisclosed amount. The acquisition is expected to enhance Omniplex Learning's strategy to enhance its digital learning solutions and strengthen its market position. Good E-learning is a UK-based online training provider that specializes in providing information technology (IT) and digital transformation training to corporate employees. North America was the largest region in the corporate E-learning market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corporate E-learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the corporate E-learning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The corporate E-learning market includes revenues earned by entities by providing services such as mobile learning solutions, customized course design, content development, assessment, and evaluation. 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 corporate E-learning market research report is one of a series of new reports from The Business Research Company that provides corporate E-learning market statistics, including corporate E-learning industry global market size, regional shares, competitors with a corporate E-learning market share, detailed corporate E-learning market segments, market trends and opportunities, and any further data you may need to thrive in the corporate E-learning industry. This corporate E-learning 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.

Energy Consulting Market Definition And Segments

Energy consulting refers to the professional practice of analyzing and optimizing an organization's energy consumption to reduce costs, improve efficiency, and promote sustainability. It helps businesses or homeowners develop a plan for reducing energy consumption in their buildings. The main types of energy consulting include reducing energy costs and managing risks. Reducing energy costs refers to the practice of using less energy to perform the same tasks or produce the same results, thereby lowering energy bills and making energy more affordable, and energy consulting aims to help businesses and organizations optimize their energy usage and lower their overall energy expenses. The components are categorized as solutions and services, that are deployed on-premise, cloud, and hybrid models. These are used in large enterprises and small and medium enterprises (SMEs), for several applications. Several end-user industries include banking, financial services, and insurance (BFSI), healthcare, energy and utility, information technology and telecommunication, retail and e-commerce, manufacturing, government and defense, media and entertainment, and others. The energy consulting market covered in this report is segmented – 1) By Type: Reducing Energy Costs, Managing Risks 2) By Component: Solution, Services 3) By Deployment Model: On-Premise, Cloud, Hybrid 4) By Application: Large Enterprises, Small And Medium Enterprises (SMEs) 5) By Industry: Banking, Financial Services And Insurance (BFSI), Healthcare, Energy And Utility, Information Technology And Telecommunication, Retail And E-Commerce, Manufacturing, Government And Defense, Media And Entertainment, Other Industries, The energy consulting market size has grown strongly in recent years. It will grow from $16.76 billion in 2023 to $17.72 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to renewable energy revolution, energy security concerns, energy liberalization and deregulation, environmental concerns, rise of electricity. The energy consulting market size is expected to see steady growth in the next few years. It will grow to $21.17 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to energy transition, decarbonization goals, energy-as-a-service models, industrial revolution, increased government regulations. Major trends in the forecast period include innovative solutions for energy efficiency, renewable energy deployment, grid modernization, smart grid systems, digitalization, carbon capture, utilization, and storage (CCUS).

Increasing Demand For Energy Efficiency Growth In The Energy Consulting Market

The increasing demand for energy efficiency is expected to propel the growth of the energy consulting market going forward. Energy efficiency is the measure of how effectively a system or device converts input energy into useful output while minimizing waste. Businesses, governments, and individuals demand energy-efficient solutions to cut carbon emissions, conserve natural resources, and reduce energy usage as environmental sustainability, energy costs, and resource conservation concern continues to grow. Energy efficiency consulting involves the analysis and optimization of energy usage in various facilities to reduce energy consumption and costs while improving environmental impact. For instance, in November 2023, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, energy efficiency improved significantly by 2% in 2022, and it's projected to drop to 1.3% in 2023. Moreover, a 1.7% rise in energy demand in 2023 compared to 1.3% in 2022 is mostly responsible for the lower energy intensity improvement rate. Therefore, the increasing demand for energy efficiency is driving the growth of the energy consulting market. Major companies operating in the energy consulting market are Accenture plc, Schneider Electric SE, Arthur D. Little Inc., Tradition Energy, Stantec Inc., AFRY AB, Arup Group Limited, Ramboll Group, ICF International Inc., Enel X, Clearway Energy Group LLC, The ERM International Group Limited, Golder Associates, RPS Group PLC, NV5 Global Inc., ENGIE Impact, ISG Enterprise Energy Solutions, Conservice LLC, NUS Consulting, Antea Group, The Consultus International Group, E&C Energy Consulting, Energy Edge Consulting LLC, Facility Engineering Associates P.C., American Utility Management Inc., Verde Solutions LLC, Iconergy Ltd., 360 Energy Group

Key Players Revolutionize Power System Modeling With Enhanced Solutions

Major companies operating in the energy consulting market are focused on developing advanced technological solutions, such as power system analysis software, to meet their power system modeling challenges. These solutions are essential for optimizing and ensuring the reliability of electrical grids by analyzing and managing complex power flow, stability, and fault scenarios. For instance, in July 2023, GE Vernova, a US-based energy consulting services company, launched the new, re-envisioned Positive Sequence Load Flow Analysis (PSLF) software, offering customers a faster and more efficient way to model their power systems. The use of PSLF software in energy consulting allows engineers to examine transfer limitations, execute economic dispatch, simulate power transfer across transmission grids, and research power system behavior under different conditions. This re-envisioned PSLF software incorporates seamless data and visual integration on a future-ready platform, maintaining the powerful and fast-core algorithms that PSLF users rely on. The update includes advanced data editing features, improved data visualization, and analysis tools, and innovative drag-and-drop and one-line drawing capabilities. It is built on the latest software technology platform, and GE's re-envisioned PSLF maintains reliability while introducing new capabilities for system planners and operators.

SLR Consulting Expands Renewable Energy Portfolio With Strategic Acquisition Of ITPEnergised

In January 2024, SLR Consulting, a UK-based company that provides environmental and advisory solutions acquired ITPEnergised for an undisclosed amount. The acquisition will bring together ITPEnergised's technical advisory services and SLR's environmental and technical consultancy expertise, resulting in the formation of one of the largest consultancies dedicated to serving the renewables sector. ITPEnergised is a UK-based energy consultancy company specializing in providing expertise and services in the energy, environmental, engineering, and planning sectors. North America was the largest region in the energy consulting market in 2023. The regions covered in the energy consulting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the energy consulting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The energy consulting market includes revenues earned by entities providing services such as energy audits and assessments, energy management and planning, renewable energy integration, resilience planning, carbon footprints through emissions tracking, and sustainability initiatives. 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 energy consulting research report is one of a series of new reports from The Business Research Company that provides energy consulting market statistics, including the energy consulting industry's global market size, regional shares, competitors with an energy consulting market share, detailed energy consulting market segments, market trends and opportunities, and any further data you may need to thrive in the energy consulting industry. This energy consulting 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.

Middleoffice Business Process Outsourcing (BPO) Service Market Definition And Segments

Middleoffice business process outsourcing (BPO) refers to a type of service that involves outsourcing a range of operational and administrative operations associated with the middle office functions of financial institutions. The goal of middle office BPO services is to streamline and optimize operational procedures, allowing financial institutions to concentrate on their core capabilities while lowering costs and enhancing efficiency. The main types of middleoffice business process outsourcing (BPO) services are portfolio management, trade management, and others. Insurance BPO refers to outsourced services catering to insurance companies for tasks such as policy administration, claims processing, customer support, and providing underwriting support and risk assessment services for insurance companies' middle-office operations. The various types of service offices include insurance business process outsourcing (BPO), banking business process outsourcing (BPO), government, knowledge process outsourcing services, and others, which are used in several verticals, such as banking, financial services, and insurance (BFSI), manufacturing, healthcare and pharmaceuticals, and retail and consumer goods. The middleoffice business process outsourcing (BPO) service market covered in this report is segmented – 1) By Type: Portfolio Management, Trade Management, Other Types 2) By Service Office: Insurance Business Process Outsourcing (BPO), Banking Business Process Outsourcing (BPO), Government, Knowledge Process Outsourcing Services, Other Middleoffice Business Process Outsourcing (BPO) Services 3) By Vertical: Banking, Financial Services, And Insurance (BFSI), Manufacturing, Healthcare And Pharmaceuticals, Retail And Consumer Goods The middleoffice business process outsourcing (BPO) Service market size has grown strongly in recent years. It will grow from $15.61 billion in 2023 to $16.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growing emphasis on risk management is boosting the market growth, growing demand for specialized services, increasing demand for cost-effective outsourcing solutions, rising regulatory compliance requirements in various industries, increasing complexity of middle-office processes. The middleoffice business process outsourcing (BPO) market size is expected to see strong growth in the next few years. It will grow to $20.48 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to incorporating digital technologies and gaining efficiency is a significant aim for companies, increasing focus on cost optimization, growing focus on core business functions among companies, expansion of financial services and investment firms, demand for risk management and regulatory reporting services. Major trends in the forecast period include advancements in automation and artificial intelligence, integration of artificial intelligence (AI) and machine learning (ML) technologies for predictive analytics in middle-office functions, global expansion, customer-centric strategies, technological advancements.

Impact Of Data Security Needs On The Middle-Office BPO Service Market

The growing need for data security is expected to propel the growth of the middle-office BPO service market going forward. The need for data security refers to the critical requirement to protect sensitive information against unauthorized access, disclosure, change, or destruction. The demand for data security measures is rising due to several factors, such as the growing volume of data, remote work and cloud adoption, the increasing proliferation of cyber threats, and heightened privacy expectations. BPO service providers ensure the secure management and processing of sensitive information in compliance with client specifications and regulatory standards by implementing strong data security policies and best practices. Furthermore, BPO providers use data loss prevention (DLP) solutions to avoid inadvertent or intentional data leaks by monitoring and managing data transit across networks, endpoints, and cloud environments. For instance, in October 2022, according to McKinsey & Company, a US-based strategy and management consulting firm, organizations around the world spent around $150 billion in 2021 on cybersecurity, growing by 12.4% annually. Therefore, the growing need for data security and privacy measures is driving the growth of the middle-office BPO service market. Major companies operating in the middleoffice business process outsourcing (BPO) service market are Accenture PLC, International Business Machines Corporation, Hewlett Packard Enterprise Development LP, Tata Consultancy Services Limited, Capgemini SE, NTT DATA Group Corporation, Cognizant, Infosys Limited, ADP Inc., DXC Technology Company, IQVIA Holdings Inc., HCL Technologies Limited, State Street Corporation, Atos SE, Wipro Limited, CGI Inc., Tech Mahindra Limited, Concentrix Corporation, Sopra Steria Group SA, Genpact Limited, UST Global Inc., Conduent Inc., Capita plc, Sutherland Global Services Inc., Larsen & Toubro Infotech Limited, Firstsource Solutions Limited, Mphasis Limited, ExlService Holdings Inc., Mindtree Limited, WNS Global Services Inc., Hexaware Technologies Limited

Strategic Collaborations Transforming The Middleoffice BPO Services Market

Major companies operating in the middleoffice BPO service market are focused on adopting strategic collaborations to gain a competitive edge in the market. BPO service providers collaborate with technology vendors to implement cutting-edge tools and platforms for data processing, analytics, automation, and cybersecurity. These agreements allow BPO firms to provide new solutions and services to their clients, improve operational efficiency, and remain ahead of industry trends. For instance, in January 2023, LiquidX Inc., a US-based financial technology solutions provider, in partnership with Broadridge Financial Solutions, a US-based corporate services and financial technology company, launched InBlock TradeOps, a brand new tool that offers solutions for back and middle offices in trade finance. It is the first comprehensive solution that focuses on lending and investing in this multi-trillion-dollar credit asset class while removing all operational obstacles. We are proud of TradeOps' flexible pricing and servicing approach that scales with the investor's assets, allowing them to operate smarter, faster, and cheaper with higher investment returns. This strategic alliance enabled LiquidX to leverage Broadridge's global contacts, acquire new customers, and connect finance and treasury experts with asset management, bank, and corporate clients.

Continuum Global Solutions Acquires Faneuil Inc. To Bolster BPO Services

In September 2023, Continuum Global Solutions, a US-based customer care provider in the BPO industry, acquired Faneuil Inc. for an undisclosed amount. The strategic acquisition aims to strengthen Continuum's position in the BPO industry and enhance its customer care services through a global network of contact centers, serving Fortune 500 clients with expertise in customer care management. Faneuil Inc. is a US-based provider of middle-office BPO services and offers a range of business process outsourcing (BPO) solutions, including customer care and technical support. North America was the largest region in the middleoffice business process outsourcing (BPO) service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the middleoffice business process outsourcing (BPO) service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the middleoffice business process outsourcing (BPO) service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The middleoffice business process outsourcing (BPO) service market includes revenues earned by entities by providing services such as corporate actions processing, cash management and reconciliation, client servicing and reporting, technological solutions, and other. 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 middleoffice BPO service market research report is one of a series of new reports from The Business Research Company that provides middleoffice BPO service market statistics, including middleoffice BPO service industry global market size, regional shares, competitors with a middleoffice BPO service market share, detailed middleoffice BPO service market segments, market trends and opportunities, and any further data you may need to thrive in the middleoffice BPO service industry. This middleoffice BPO service 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.

Specialized Design Services Market Definition

Specialized design services refer to professional services that focus on creating and developing design solutions tailored to specific industries, applications or client needs. These services involve the application of design principles, creativity and technical expertise to address unique challenges and requirements within a specialized domain. The specialized design services market consists of sales of specialized design services by entities (organizations, sole traders and partnerships) that plan, design and administer projects as required by client specifications.