Global COVID-19 Impact on Cloud Computing Market; Amazon, Google, and Microsoft derive much of their revenue and growth from cloud business
Published Date:June 2020

The global COVID-19 impact on cloud computing market accounted for US$ 230 billion in 2019 and is estimated to be US$ 650.3 billion by 2029 and is anticipated to register a CAGR of 11.1%

The report "Global COVID-19 Impact on Cloud Computing Market, By Technology (SaaS, IaaS, and PaaS), By Vertical (Banking Financial Services & Insurance, Healthcare & Life Sciences, IT & ITeS, Retail & Consumer Goods, Telecom, Energy & Utilities, Government & Public Sector, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”.

Key Highlights:

In May 2020, Microsoft introduced a number of new cloud computing services across its UK Azure regions to help keep organizations’ data secure and enable innovation through the use of bots, IoT technology, and more. The company has released 10 new services for its cloud platform in this country, including some that utilize the most cutting-edge cybersecurity technology available today.
In May 2020, Deutsche Börse AG and SAP SE have entered a strategic partnership to advance digitalization and standardize the IT systems of the stock market operator and market structure provider. Their goal is to develop a framework for the secure use of cloud-based SAP services that satisfies the high regulatory requirements of the financial sector. Deutsche Börse is one of the first financial companies to migrate its business processes from on-premise solutions to the latest generation of SAP business software and, where possible, cloud solutions from SAP.
Analyst View:

The healthcare systems require secured and scalable cloud infrastructure to maintain and manage patient information with high flexibility and speed. Currently, there is a high need for technologies such as cloud computing for the analysis of patients’ data, due to the outbreak of COVID-19 pandemic. As there is a growing need for electronic health records, healthcare providers are increasing the use of highly secure and scalable storage cloud solutions to cater to a large number of cases. Healthcare institutions and private doctors are providing online consulting amidst country lockdowns. Further, the requirement for mobile ambulatory services has increased due to the virus outbreak. These services and facilities need cloud-based communication and collaboration platforms to progress employee productivity and operational efficiency. Healthcare providers are emerging cloud-based applications to gain clinical insights on COVID-19 and evaluate resource needs, such as ventilators and ICU beds. Thus, high spending on cloud-based application development and ERP solutions coupled with increased data analytics and clinical insight requirements are creating revenue opportunities for cloud service providers.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global COVID-19 Impact on Cloud Computing Market”, By Technology (SaaS, IaaS, and PaaS), By Vertical (Banking Financial Services & Insurance, Healthcare & Life Sciences, IT & ITeS, Retail & Consumer Goods, Telecom, Energy & Utilities, Government & Public Sector, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029

Key Market Insights from the report:

The global COVID-19 impact on the cloud computing market accounted for US$ 230 billion in 2019 and is estimated to be US$ 650.3 billion by 2029 and is anticipated to register a CAGR of 11.1%. The market report has been segmented on the basis of technology, vertical, and region.

By technology, the software as a service (SaaS) solution segment of the market is expected to account a larger market size in the coming years. Cloud software solutions are facing substantial hit, due to growth in the cases of COVID-19. There are a number of verticals of cloud, such as consumer goods, manufacturing, and retail, etc. where all the processes are put on hold. Nevertheless, organizations have changed their priorities, such as organizations are applying cloud automation and expanding their online presence by developing commerce websites on cloud platforms to reduce the impact of COVID-19 on operational efficiency and productivity.
By vertical, the consumer goods & retail segment is expected to grow at the highest CAGR in the cloud market in the coming years, followed by the IT & ITeS segment. Retailers are improving their IT infrastructure to take advantage of the unified and collaborated workforce to expand overall productivity.
By region, Asia-pacific accounts for the highest growth rate over the forecast period for the cloud computing market. Also, technology spending in the Asia Pacific has improved over a period, however, the holdup due to the recent COVID-19 crisis is imminent.
To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-COVID-19-Impact-on-Cloud-Computing-Market-4367

Competitive Landscape:

The prominent player operating in the global COVID-19 impact on the cloud computing market includes AWS, Microsoft, Google, SAP, Oracle, VMware, IBM, Rackspace, Alibaba, Salesforce (US), and Adobe.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Study on the regional analysis that is expected to register the highest growth over the forecast period
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Heat Map Analysis
Market Presence and Specificity Analysis
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Competitive Analysis
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The Silicon Carbide Power Semiconductor market was valued at USD 592.76 million in 2020, and it is expected to reach a value of USD 3112.61 million by 2026, at a CAGR of 31.40% over 2021-2026. There has been an increasing focus on using renewable energy resources in almost all end-user industries. This is due to the reduction of carbon emissions, which helps in combating climate change caused by fossil fuel usage.

- SiC (silicon carbide) is used for high-power applications due to wide bandgap offered. Semiconductors also use SiC for reduced energy loss and longer life solar and wind energy power converters. For instance, photovoltaic energy mainly requires high power, low-loss, faster switching, and reliable semiconductor devices to increase efficiency, power density, and reliability. SiC devices are providing a promising solution to photovoltaic energy requirements to meet the increasing demand for energy.

- Owing to this, the US Department of Energy (DOE) Advanced Research Projects AgencyEnergy (ARPA-E) announced USD 30 million funding for 21 innovative projects as part of the Creating Innovative and Reliable Circuits Using Inventive Topologies and Semiconductors (CIRCUITS) program.

- Moreover, the concern for low-carbon emissions has impacted the automotive industry as automobiles are a significant source of carbon emissions. Therefore, several laws and regulations have been enacted around the world by countries to monitor vehicular emissions. Many states have adopted previous versions of the European or United Nations Economic Commission for Europe (UN-ECE) mobile source emission regulations. Some countries have adopted more advanced regulations based on the most recent version of the European or US regulations.
- Also, Electric vehicles provide certain advantages, such as range, charge-time, and performance, to meet the customer expectations, for which they require power electronic devices capable of efficient and effective operation at elevated temperatures. Hence, power modules are being developed using wide-bandgap SiC technologies. For instance, Tesla recently introduced the new Model S and Model X with silicon carbide power electronics in the drive unit, and BorgWarner introduced new on-board chargers. Volkswagen selected Cree for the Volkswagen Group FAST Program to secure silicon carbide supplies for upcoming EVs.

- The COVID -19 outbreak has affected the overall semiconductor market from the demand side and the supply side. The nationwide lockdown and closure of semiconductor plants have fueled the supply shortage trend further, which mainly emerged in 2019. These effects were also reflected in the SiC power semiconductor market. However, many of these effects are likely to be in the short term. Moreover, government precautions around the world to support automotive and semiconductor sectors could help revive industry growth. Advancements, such as investment by US DOE for NRELled research to reduce SiC power electronics manufacturing costs, could further support such trends and expand the scope of more robust SiC-based devices.

Key Market Trends

Automotive Industry is Expected to Register Significant Growth

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- The increasing adoption of SiC power semiconductor plug-in hybrid (PHEV) and all-electric vehicles (xEV) is one of the major factors driving the growth in the studied segment. Presently, most of the power electronics in the vehicles are silicon-based. However, the latest EV designs require advances in efficiency and power density, owing to which SiC is emerging as preferred material to overcome the performance plateau of silicon. Features, such as low switching losses, high switching frequency, and high-temperature capability, are making SiC ideal for EV requirements.

- Most automotive manufacturers are utilizing SiC power components for applications, such as onboard chargers (OBCs) and inverters for PHEV and fully EVs. The small size, lightweight, and high energy efficiency achievable is likely to drive automotive electrification by reducing charging times and extending the range of EVs. The SiC provides over 2% more efficiency in the power device. The SiC-based power device is lighter in weight by 6 kg and ensures 30% more vehicle mileage. Presently, most of the charging units, inverters, DC-DC converters, and electric vehicles, especially in emerging countries, use the silicon chip as it is cheaper than SiCs. However, most market vendors are witnessing replacement demand from OEMs and tier I and tier II suppliers in the automotive sector.

- Market vendors, like Infineon Technologies and NXP, are betting high on SiC power semiconductors for the automotive market. Recently in 2020, Infineon also showcased its EasyPACK module with CoolSiC automotive MOSFET technology, a 1200 V half-bridge module with an eight mΩ/150 A current rating. Additionally, despite declining automotive sales around the world, the increase in the number of power semiconductors per vehicle factor has attracted many semiconductor manufacturers into automotive targeted SiC power devices market.

Asia-Pacific Will Grow Significantly Over the Forecast Period

- Asia-Pacific is expected to dominate the global SiC power semiconductor market mainly as the region dominates the global semiconductor market, which is further supported by government policies favoring semiconductor growth. The region is also the largest producer and consumer of consumer electronics, and the demand for smart consumer electronic products is exponentially growing here

- Also, the region is one of the significant automotive and EV markets around the world. China is the largest maker of electric vehicles. As of 2018, electric vehicles accounted for approximately 4% of the overall Chinese vehicle market. Approximately 45% of electric cars deployed worldwide were in China, compared to 39% in 2017. With the increasing production of electric vehicles and their infrastructure in the Asia-Pacific region, coupled with favorable industrial regulations in countries like China, India, and South Korea. This is also expected to drive the production of SiC power semiconductors in the region

- Both power and automotive are major end-user industries for SiC power semiconductors. Hence, the growing advancement in the region is also fueling the innovation, further helping in the development of the regional SiC power semiconductor market. For instance, in 2018, Hriman Motors launched e-cars with an infinite battery in China. Also, SUSI Partners AG, a Swiss-based investment company focused on renewable energy, announced the SUSI Asia Energy Transition Fund, a USD 250 million infrastructure fund for the region.

Competitive Landscape

The major players include Infineon Technologies AG, Texas Instruments Inc., ST Microelectronics NV, Hitachi Power Semiconductor Device Ltd, NXP semiconductor, Fuji Electric Co. Ltd, Semikron International GmbH, Cree Inc., ON Semiconductor Corporation, Mitsubishi Electric Corporation, and others. As several vendors are offering semiconductors and are engaged in advancing them, the competition in the market is high.

- February 2020 -- Infineon Technologies AG expanded its comprehensive silicon carbide (SiC) product portfolio with 650 V devices. With the newly launched CoolSiC MOSFETs, Infineon addresses the growing demand for energy efficiency, power density, and robustness in a wide range of applications. Among them are server, telecom, and industrial SMPS, solar energy systems, energy storage, and battery formation, UPS, motor drives, and EV-charging.

- January 2020 -- STMicroelectronics NV announced that it has signed a multi-year silicon carbide (SiC) wafers supply agreement with SiCrystal, a ROHM Group company. Under the agreement, SiCrystal is set to supply over 120 million dollars of silicon carbide wafers to STMicroelectronics. The company aims to leverage the demand ramp-up for silicon carbide power devices across various industries, including industries and automotive markets.

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Acclaimed author, professional creative writer, teacher, and poet Palmer Smith launches her Southern Poetry Collection of 80 poems and five short stories.

New York City, NY., May 3, 2021 -- Acclaimed author, professional creative writer, teacher, and poet Palmer Smith launches her Southern Poetry Collection of 80 poems and five short stories in “The Butterfly Bruises” ($18 U.S.) on May 15, 2021. Press Dionysus, a London, England-based independent publishing house, is working with IngramSpark for U.S. distribution.

Growing up in New York City, her mother packed up Palmer and her brother each summer for a road trip journey down the East Coast to visit extended family. Through the years, she experienced the sights, sounds, and smells of that Southern sojourn. She has sewn together those memories into a general meditation on animals, the ocean, miscommunication, childhood, Northeastern vs. Southern American culture, family, nature vs. technology, and the imagination of the introvert. This book may encourage readers to question what it means to be living and communicating in today’s world while readers the space to answer these questions on their own.

Palmer’s poems have been praised by the CFO of Garden & Gun Magazine and recognized by prominent author David Farley, who reviewed her book (see attachment). The leading photo for the book is by world-renowned photographer Jasper Soloff of Los Angeles, CA. The cover was created by entomology artist Evi Antonio of London, England.

Come meet Palmer at one of the venues onsite, outside, or on a ZOOM on her tour as she transverses the Southern and Midwestern states this summer and the Northeast this fall. She is available upon request to teach high school/college/university classes on poetry, please inquire. For more information, go to www.TheButterflyBruisesBook.com for a reading/book-signing schedule or to contact her directly by email.

Contact:
Palmer Smith
The Butterfly Bruises
New York City, NY
917 648 1705
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https://www.TheButterflyBruisesBook.com

According to a new market research report published by Acute Market Reports “Global Medical Recruitment Market (Service (Recruitment Services, Managed Services, Homecare Services, Specialist Care Services); Industry Vertical (Pharmaceuticals, Medical Devices, Biotechnology, Nursing/Healthcare, Paramedical Staff, Scientific Research, Medical/Clinical Research, Pharmacies, Optometry, Regulatory And Quality, Diagnostics, Animal Health)) Market – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the medical recruitment market is set to grow with a CAGR of 4.5% during the forecast period.

Market Insights

The global medical recruitment market is driven by the increasing healthcare spending across the globe. Over the past decade, a significant rise in the healthcare spending has been witnessed. The increasing disposable income of the individuals and growing need for the quality healthcare services is driving the healthcare spending across the globe.

The increasing prevalence of the chronic diseases worldwide is propelling the adoption of the medical recruitment services. Moreover, the increase in the employment of new workforce is driving the growth of the market. The collaboration between public and private institutes for the medial and clinical research is giving rise to the requirement of skilled workforce, which is driving the demand for the medical recruitment service.

The medical recruitment market is categorized on the basis of services into the recruitment services, managed services, homecare services, and specialist care services. The recruitment industry accounted for majority share of over 40% in the revenue due to the rising need among the healthcare institutes for the skilled workforce. On the other hand, pharmaceuticals industry is one of the major end-users of the medical recruitment services. The growing pharmaceuticals industry is driving the demand for the market.

Asia Pacific is projected to be the most lucrative region for the medical recruitment market and anticipated to attain a CAGR of more than 5.8% during the forecast period. The growing healthcare industry in the region is propelling the growth of the market. The healthcare institutes are leveraging on the third party medical recruitment service to hire human resource. The rapidly growing pharmaceuticals market in the region is also presenting numerous opportunities for the growth of the market. Additionally, the increasing disposable income of the individuals and increasing focus on the health is augmenting the growth of the market.

The prominent vendors in the medical recruitments market are CHG Healthcare, AMN Healthcare, Accountable Healthcare Staffing, CPL Healthcare, Euromotion Medical, Aya Healthcare, EGV Recruiting, Medacs Healthcare, TFS Healthcare, IMS Recruitment, CCM Recruitment, Soliant Health, and ProClinical Recruitment.

Browse the full report at https://www.acutemarketreports.com/report/medical-recruitment-market

The Global Medical Recruitment Market is Segmented into:

*Complete segmentation list is on report page

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The inductive proximity sensor market was valued at USD 981.6 million in 2020 and expected to reach USD 1492.1 million by 2026 and grow at a CAGR of 7.3% over the forecast period (2021 - 2026). The growing automotive industry in Asia is also creating potential for global inductive proximity sensor market. China's new vehicle market expanded by 3% to 28.88 million units last year in 2017, according to data compiled by the China Association of Automobile Manufacturers (CAAM). China has also become both the world’s largest car market and the worldâ largest production site for cars, including electric vehicles, with much growth potential. The growing concept of connected vehicles and electric vehicles will further spur the growth for inductive proximity sensors in the automotive sector.

- The global automotive high-performance electric vehicles (EV) market is expected to register a CAGR close to 36% from 2018 to 2023. And the global autonomous/driverless market is expected to record a CAGR of 36.2% during the forecast period boosting the growth of inductive proximity sensor market.

- The growing government regulation regarding food safety, for instance, the Food Safety Modernization Act in the US, is also forcing food & beverage companies to adopt inductive proximity sensors and demanding them to innovate in industry-specific sensor category.

- For instance, the Allen Bradley 871TS Food and Beverage Inductive Proximity sensors from Rockwell Automation are specifically designed to address the most demanding applications in the food and beverage industry.
- The competitiveness in the industry has allowed vendors to innovate and enhance the performance of sensors bound by electromagnetic induction. For instance, in July 2018, Balluff's launched its new ceramic caps extend sensor life and minimize downtime by providing a layer of needed protection to the face of sensors in harsh conditions.

Key Market Trends

Industrial Segment is Expected to Occupy Significant Market Share

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- The growing industrial advancement is forcing industries like manufacturing and oil & gas to adopt inductive proximity sensors for their industrial automation.
- For instance, in the oil and gas industry, inductive proximity sensors provide a durable, reliable solution for measuring variables on offshore oil rigs. These sensors can endure the harsh sea conditions, such as saltwater, which can be corrosive and damaging to equipment.

- Therefore, deploying inductive proximity sensors can reliably measure the final positions of pipe handlers and other moveable components on the rig without performance being affected by the elements.
- Besides, these sensors are not affected by contamination, which makes them impervious to oil, grease, and dirt.

North America Dominates the Inductive Proximity Sensor Market

- The automotive industry in the North America is flourishing due to the advent of self-driving cars, and increasing demand for advanced and better vehicles, like SUVs and pickup trucks. The United States is the dominant country in the region, owing to the presence of major industries, established car manufacturers, a booming healthcare industry, etc.

- The United States houses major players, like General Motors and Ford, while also having manufacturing plants of other manufacturers, like Hyundai and Kia. Around 14.5 million automobiles were sold in North America.

- The increasing need for material handling in industrial and automotive applications is spurring the demand for proximity sensors in the region. Proximity sensors are typically attached to material handling equipment (MHE), such as, forklifts; they activate a signal when an entity (a person or other MHE) is detected.
- In the industrial segment, the harsh environmental resistance, robust nature, and extreme reliability are expected to witness an increased adoption rate for many applications. However, these sensors can only detect metal objects, limiting their functionality in other industries that do not make use of metal, and this can affect the growth of the North America Inductive proximity sensor market.

Competitive Landscape

The inductive proximity sensor market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on inductive proximity sensor technologies to strengthen their product capabilities.

- July 2018 - OMRON Corporation and TOWA Corporation, a company of semiconductor molding machines, came to an agreement to transfer all stocks of OMRON Laserfront Inc. (hereafter OLFT) owned by OMRON to TOWA.

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Poojan Dogra
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