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APAC Is the Dominating Smart Light Fixture and Control Market The smart light fixture and control market was valued at $52,047 million in 2021, and it is set to reach $152,029 million by 2030, growing at a CAGR of 12.6% between 2021 and 2030, according to a research report by a market research company P&S Intelligence. This growth can be ascribed to the dropping of average retailing price of LED bulbs credited to the growing production efficiency and reduced material prices. Furthermore, the emerging problem of the energy crisis is forcing governments and people to shift toward smart lights, which can reduce the consumption of electricity. The smart lighting industry is already popular in developed countries and is projected to grow significantly in developing countries also in the years to come. As the government has taken several initiatives to encourage the use of smart lights to reduce energy consumption. Read More: https://www.psmarketresearch.com/market-analysis/smart-light-fixture-and-control-market

Growing Construction Sector to Boost India CAD Software Market Advance Factors such as the increasing application of computer-aided design (CAD) software in the construction industry, escalating need for the rapid production of goods, growing focus on smart manufacturing, and escalating demand for accurate and improved designs will drive the Indian CAD software market at a CAGR of 8.2% during the forecast period (2020–2025). At this rate, the market size will advance from $445.6 million in 2019 to $696.9 million by 2025. One of the prime factors behind the Indian CAD software market growth is the widescale adoption of CAD software in the construction sector. The construction industry uses CAD software to spot flaws in designs, facilitate precise designs and accurate measurements, and conduct an improved analysis of the designs. Moreover, growth drivers such as the rising initiatives by the government to enhance the infrastructure and increasing foreign direct investment (FDI) will fuel the demand for CAD software in India. Another key factor accelerating the Indian CAD software market growth is the surging number of initiatives by state governments for the development of infrastructure. These initiatives have resulted in huge investments in sectors such as construction, aerospace, healthcare, and automobile and increased the demand for high-quality, customized industrial products. Due to these reasons, various Indian states are focusing on industrial policies, thereby boosting the demand for CAD software in the country. The categories under the industry segment of the Indian CAD software market are architecture, engineering, construction, and manufacturing. During the forecast period, the architecture category will display the fastest growth due to the surging number of architectural projects in India, especially for residential properties. CAD software is utilized in the architecture industry to make designs that are used by teams of engineers to construct the models on site. Moreover, the increasing number of construction plans by government and private companies will boost the demand for architecture, engineering, and construction (AEC) services. At present, the Indian CAD software market is observing a shift toward subscription-based CAD software from the perpetual licensing model. Due to the high cost of the traditional CAD software licensing model, small and medium enterprises (SMEs) find it difficult to integrate it into their operations, on account of their low information technology (IT) budget. To deal with this issue, market players are focusing on providing subscription-based CAD software. By offering these subscription-based models, market players are also targeting start-up companies. During the forecast period, the state of Maharashtra is expected to demonstrate the fastest growth in the market. This can be attributed to the high GDP of Maharashtra and the dominance of this state on the nation’s manufacturing, finance, international trade, and technology sectors. Further, Nashik is expected to grow the fastest due to the improving infrastructure sector in the city, existence of numerous construction and engineering companies, and rapid adoption of innovative technologies by industries and their focus on novel electrical parts and equipment designing, for higher production. Thus, the spurring demand from the construction sector, increasing availability of subscription-based CAD software, and escalating support from the central and state governments will augment the demand for CAD solutions in the future. Read More: https://www.psmarketresearch.com/market-analysis/india-cad-software-market

North America Is Dominating Electronic Health Record Market The total value of the global electronic health record market was USD 28,652 million in 2022, and it will rise at a growth rate of above 4.4% shortly, reaching USD 40,435 million by 2030, according to P&S Intelligence. This development can be credited to the progressions in the healthcare industry and software technology. The rising addition of artificial intelligence in the growth of EHR software backs the development of the industry. On the basis of delivery mode, the cloud-based category led the industry because of the increasing emphasis of healthcare providers and insurance businesses on the worldwide accessibility of patient health histories. Also, such solutions are more lucrative in comparison to on-premise solutions. The cloud-based EHR can be mounted without in-house servers and offers customizations and developments according to the demands. The e-prescription category is projected to experience the fastest development, at a CAGR of 4.9%, credited to the rising execution of e-prescriptions helped by several government guidelines. For example, the eRx Incentive Program was made as part of the Medicare Developments for Patients & Providers Act (MIPPA) in 2008, which fortified doctors to accept e-prescriptions, by growing Medicare expenditures. In 2022, the inpatient facilities category had the major end-user base of EHR solutions in the worldwide industry, with a 52% market share. This can be credited to the high acceptance of EHR results in a huge count of infirmaries to cater to the growing size of patient visits. However, the fastest development in the industry in the coming few years is projected from ambulatory care centers, because of the rising count of ambulatory care centers worldwide. North America is dominating the electronic health record market, and the region is projected to be dominating in the future as well, with a worth of USD 18,196 million. This can be credited to the growing elderly populace, increasing knowledge regarding the significance of EHRs in healthcare situations via numerous workshops and sessions in the U.S.; and rising government initiatives to advance the healthcare delivery arrangement in the continent. There is also augmented acceptance of EHR solutions in Canada, as the provinces and lands there grow their electronic information arrangements with the aid of Canada Health Infoway, a non-profit society that inspires the acceptance of digital health solutions throughout the nation. In North America, the U.S. grasps the dominating position, and it will rise at a CAGR of 4.5%, because of the growing government steps to spread awareness of EHR solutions to boost their acceptance. Hence, the progressions in the healthcare industry and software technology. The rising addition of artificial intelligence in the growth of EHR software backs the development of the industry. Read More: https://www.psmarketresearch.com/market-analysis/electronic-health-records-ehr-market

Are District Cooling Systems, an Alternative for Conventional Air- Conditioners With The increasing level of global warming, the world is experiencing a rise in the temperatures. While the increase in the temperatures might come good for the countries, which are generally under the cover of snow, making the life of the people, tricky to say the least. On the flip side of this will be the countries, which are already baking in the wrath of the sun, and the increasing global warming has only made the things more challenging in the regions, such as the Middle East and Africa. To beat the hot and humid climate in the world, and especially in the MEA, only fans and conventional air conditioners have their work cut out, and district cooling systems can really come in handy in the commercial, industrial and residential complexes. The situation becomes trickier in summers, with a considerable rise in temperatures and the levels of humidity. To beat the heat and the temperature, when it rises to above 50 degrees, people require these cooling systems to live comfortably in their homes, and also to work in offices, without breaking a sweat. Increasing Population and Urbanization It is not only about battling with the increasing temperatures, but the population booming all over the world, and especially in the nations, such as China, there is a need to build residential complexes to house the increasing population. In the modern societies, people have started banking upon the district cooling systems, rather than having an individual air-conditions for all the rooms of a house. It is a no-brainer that conventional air-conditioners are not good for the environment, as they emit, the harmful CFCs into the environment. The emission of these carbon compounds in large number has a lot to do with the increasing levels of global warming. And, not only that, with the continuous use of ACs, the power bills have an adverse effect on the financial health of the people. These have started becoming popular in the residential complexes, but the sector, which makes the most use of these systems will be the commercial sector. With the increasing number of shopping malls and other commercial establishments, all over the world, there is a boom in the demand for these district cooling systems. This has a major role to play in powering the sale of district cooling systems, the total value of which will reach USD 45,836 million by the end of this decade. Governments Doing their Part to Reduce Air Pollution For reducing pollution to improve air quality, initiatives are introduced. These systems would allow people to have affordable energy together with better air quality. In India, district cooling is included in smart city plans for reducing the consumption of electricity and emission of carbon. Several governments are including district energy in their expansion plans and signing agreements with the District Energy in Cities initiative for ensuring that requirements are met by ideal use of existing resources sustainably. Read More: https://www.psmarketresearch.com/market-analysis/district-cooling-market