North America Cannabis market Information Legal Growth Rate, Industry Size Analysis by Demand, Value Share by Derivatives (Marijuana/Flowers, Industrial Hemp, Other Concentrates/Products), by application type (Applications of Marijuana, Applications of Hemp) Forecast from 2016 to 2021
Cannabis Market of North America not only is the market projected to grow by leaps and bounds, but it has already been targeted by industry insiders.
The market size of cannabis stood over USD 3.5 billion in 2015 which is expected to expand at a CAGR over 33% over the period of 2016 to 2021, the MRFR Scholar assures us while commenting on this remarkable study report – “North America Cannabis Market” published by Market Research Future.
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A trend of volume-driven growth has been witnessed in the market of late with the development of different varieties of product types.
The sector is undergoing considerable transformation which has accelerated the growth pace of the sector.
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Cannabis Market has shown rapid growth in the past few years owing to rapid demand increase for cannabis and related products.
Market Research Future, who specializes in market reports related to the consumer and retail sector among others, recently published a report on this market.
Utilization of cannabis to treat various medical ailments has been beneficial to the progress of the sector.Industry SegmentsThe North America cannabis market is categorized on the following basis:On the basis of Derivatives: Industrial Hemp and Marijuana/Flowers, Other Concentrates/Products which include Keif, Hash, Hash Oil Etc.On the basis of Applications type: On the basis of applications the market is segmented into applications of marijuana into medicinal applications, recreational applications and others and applications of hemp into food and baby care, clothing & textile among othersRecieve a Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/950Detailed Regional AnalysisCannabis market in North America was over USD 3.5 billion in 2015.
This industry was mainly operating in the black market; however with developments in the medical applications of the derivatives such as marijuana and hemp this market experienced significant growth over the past few years.
Presently, the cannabis market is not a bare collaboration of the growers or producers of marijuana and hemp; it is rather a conglomerate of science and technology.
The U.S. being the largest market in the region was valued over USD 3 billion and is anticipated to grow at a CAGR over 30% between 2016 and 2021.Global Competitive AnalysisA trend of volume-driven growth has been witnessed in the market of late with the development of different varieties of product types.
North America will continue to be the Largest Market Representing Highest Revenue Share of the Overall Market
According to a report published by RRI, the global market for storage in big data is projected to cross 9.599 Million by 2016 end. By 2026, the market is anticipated to reach US$ 61.44 Billion, expanding at a CAGR of 20.4% during the forecast period (2016–2026).
The global market for big data is primarily driven by increasing digitization of information and data records across the globe. Moreover, stringent regulations introduced by governments of various nations are compelling professional organizations to opt for digital maintenance of their records. This is most noticeable in the healthcare sector. Moreover, growing number of connected devices and rising popularity of software-based storage options is expected to influence the overall market growth during the forecast period. Likewise, the ever expanding digital data size is an additional factor, which is resulting in the higher adoption of data different storage technologies available in the market. In contrast, macroeconomic factors such as the hefty overall cost of acquiring flash storage and limited budget allocations for data storage are likely to hinder the growth of the global market for big data. Similarly, discrepancies in date representation is an additional factor that may pose a threat to overall market growth.
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Based on segment, the global market for storage in big data is segmented into hardware segment, services segment and software segment. Hardware is the largest segment of the global market for storage in big data accounting for over 49% value share of the market in 2015. In addition, the segment is anticipated to witness an incremental $ opportunity of US$ 16.38 Billion over the forecast period. The software segment is expected to witness an incremental $ opportunity of over 11 Billion during 2016 to 2026.
On the basis of industry, the global market for storage in big data in segmented into transportation, healthcare and medical, BFSI, IT and telecommunications, logistics & retail, entertainment, media and, others. In 2015, the BFSI segment accounted for US$ 1,694.1 Million in terms of value and is expected to surpass US$ 2,071 Million by 2016 end, registering a Y-o-Y growth rate of over 22%. The Media and Entertainment segment is projected to reflect healthy Y-o-Y growth rates throughout the forecast period.
On the basis of regions, the global market for storage in big data in segmented into North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Latin America, Eastern Europe, Japan, and the Middle East & Africa (MEA). The market in North America will continue to generate highest revenues over the forecast period, expanding at a CAGR of over 21% through 2026. In addition, the market in the region is expected to reach US$ 30.12 Billion by 2026 end. The Western Europe market for storage in big data is expected to grow the fastest, expanding at a CAGR of 21.8% over the forecast period. Latin America is anticipated to exhibit exciting market opportunities for leading players in the global market for storage in big data during 2016 to 2026.
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Vendor News
Key players operating in the global market for storage in big data include Amazon Web Services Inc., Google Inc., VMware Inc., Dell EMC, Oracle Corporation, Teradata Corporation, MemSQL, Inc. Microsoft Corporation, IBM Corporation, SAS Institute Inc., SAP SE, Hewlett Packard Enterprise, and Hitachi Data Systems Corporation. Most of these companies are actively focusing on higher investment in cloud services, upgrading flash storage product portfolio, offer hybrid storage services, integrating flash technology and cloud with storage devices, and jointly working with various other tech firms in order to improve their global presence and penetrate narrower distribution channels. In addition, leading companies are integrating storage systems with predictive analytics and also offering storage servers to end users in order to reduce latency time.
Summary: Hardware to be the largest segment of the global market for storage in big data during the forecast period.
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Cannabis market is a type of drug that is obtained from plants such as cannabis indica and cannabis sativa.
Cannabis plant has several medical as well as recreational usages.
In medical, cannabis is reported to treat nausea, vomiting, chronic pains, asthma and many more diseases.
The plant also has psychoactive and physiological effects when taken into the body.North America cannabis market is projected to register a healthy CAGR in the forecast period of 2019 to 2026.This North America Cannabis Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
The report also recognizes and analyses the rising trends along with major drivers, challenges and opportunities in the market.
This North America Cannabis Market report provides major statistics on the market status of global and regional manufacturers and is a helpful source of assistance and direction for companies and individuals interested in Healthcare industry.
Market Forecast :The cannabis market has shown rapid growth in the past few years owing to the rapid demand increase for cannabis and related products.
Market Research Future, which specializes in market reports related to the consumer and retail sector among others, recently published a report on this market.
The legalization of cannabis in many of the North American countries has led to the creation of further demand and enhanced the growth potential of the North America cannabis market.
The utilization of cannabis to treat various medical ailments has been beneficial to the progress of the sector.Segments The North American cannabis market is categorized on the following basis:Based on Derivatives: Industrial Hemp and Marijuana/Flowers, Other Concentrates/Products which include Keif, Hash, Hash Oil Etc.Based on Applications type: Based on applications the market is segmented into applications of marijuana into medicinal applications, recreational applications and others, and applications of hemp into food and baby care, clothing & textile among othersGlobal Competitive AnalysisA trend of volume-driven growth has been witnessed in the market of late with the development of different varieties of product types.
Conversely, with companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented.Major players in North America Cannabis Market include:CannavestCanadian Cannabis CorporationTweed Marijuana IncAffinor Growers.Plandai Biotechnology.Cannabis Sativa Incto name a few of the market players…Industry Updates:Jan 2018 Tokyo Smoke merged with DOJA Cannabis Company Ltd., a Kelowna B.C.-based licensed producer, to create a new company, Hiku Brands Company Ltd., which was listed on the Canadian Securities Exchange recently.
Tokyo Smoke of TS Brandco Holdings Inc had been attempting previously to maneuver into carefully cultivating a cannabis-cantered lifestyle brand leading up to recreational legalization in the country.Jan 2018 Canopy Ventures, the new investment arm of a Boulder-based cannabis accelerator is raising a new pool of cash to help early-stage companies that have survived their start-up pains grow to the next level.
Increasing anxiety regarding energy efficacy in the region, technological enhancement, growing customer awareness regarding thermal insulation, rising shift towards sustainable construction, and presence of major industries in the region are documented as major factors of North America Polyurethane (PU) Market that are estimated to enhance the growth in the years to come.
However, poor thermal capability and weather ability and its flammable property may restrain overall market growth in the coming years. North America Polyurethane (PU) industry is segmented based on product type, end use, and region
Polyurethane elastomers, rigid polyurethane foam, adhesives & sealants, flexible polyurethane foam, polyurethane coatings, and other product types could be explored in North America Polyurethane (PU) in the forecast period. Polyurethane elastomers sector comprises cast polyurethane elastomers, sprayed polyurethane elastomers, and others.
