Freedonia

Inflation, Investment in New Equipment to Spur 15% Revenue Gains for Data Processing & Hosting in 2022

Retrieved on: 
Friday, September 30, 2022
Income, Analysis, Freedonia

CLEVELAND, Sept. 30, 2022 /PRNewswire/ -- Revenues for US data processing and hosting services are forecast to increase 7.0% annually in nominal dollars through 2026, according to Data Processing & Hosting: United States, a report recently released by Freedonia Focus Reports. Growth will be driven by increasing data volumes, security needs, and the information technology (IT) expertise needed to assist in the transition to and maintenance of cloud-based operations, in which computer processing resources or data storage are based in data centers. Continued increases in the use of cloud computing in big data, artificial intelligence (AI), machine learning (ML), and financial technology will drive increasingly complex computational workloads, supporting demand for more advanced – and costly – data processing and hosting services. Further growth will be restrained by ongoing competition from customers' own in-house operations.

Key Points: 
  • US data processing and hosting service providers' revenue includes income from all domestic locations primarily engaged in providing infrastructure for hosting or data processing services.
  • Thus, receipts from other activities performed by these locations are included in total revenue.
  • Receipts from establishments that may provide such services but are primarily engaged in a different activity are excluded from this report.
  • Revenues from payroll and financial transaction processing services are also not included in this report.

Expanding Access in Low-/Middle-Income Countries to Drive Rising Global Healthcare Spending

Retrieved on: 
Friday, September 23, 2022
Health economics, COVID-19, Ageing, Nursing, Population, Health, Growth, Biotechnology, Population growth, GDP, Analysis, National Association Medical Staff Services, Medical tourism, Health care, Freedonia, Healthcare, Pet

CLEVELAND, Sept. 23, 2022 /PRNewswire/ -- Global healthcare expenditures are projected to rise 3.4% annually in real terms through 2026, according to Global Healthcare, a report recently released by Freedonia Focus Reports. Spending will be driven by increasing access to myriad healthcare services in low- and middle-income countries and population growth, particularly in the cohort 50 years of age and older. Through 2026, North America is projected spend the most of any region on healthcare products and services. While North America represented only 6% of the global population in 2021, the region accounted for 38% of global healthcare expenditures due to intensive use of healthcare resources in the US, where healthcare represented 20% of GDP in 2021.

Key Points: 
  • Spending will be driven by increasing access to myriad healthcare services in low- and middle-income countries and population growth, particularly in the cohort 50 years of age and older.
  • While North America represented only 6% of the global population in 2021, the region accounted for 38% of global healthcare expenditures due to intensive use of healthcare resources in the US, where healthcare represented 20% of GDP in 2021.
  • Low-income countries are expected to post the strongest growth in healthcare spending through 2026.
  • Rising incomes in many of these countries will support advances in healthcare expenditures.

Rising Incomes, Provider Prices to Boost Nominal Spending on Professional Services

Retrieved on: 
Tuesday, August 23, 2022
Freedonia, Printing, Analysis, PCE

CLEVELAND, Aug. 23, 2022 /PRNewswire/ -- US personal consumption expenditures (PCE) on professional services are forecast to rise 4.8% yearly in nominal terms through 2026, according to Professional Services: United States, a report recently released by Freedonia Focus Reports. Advances will primarily reflect inflation, though growth in employment and disposable personal income levels will also support gains. Constraints such as the intense competition in many of the segments – in addition to mature markets for many professional services – will limit advances.

Key Points: 
  • The scope of this report encompasses fees and service charges paid by consumers for professional services.
  • Also included are the fees paid by third parties on behalf of consumers (e.g., fees for retirement plans paid by employers).
  • PCE data include spending by nonprofit institutions serving households (e.g., the value of education services provided by nonprofit colleges or medical care provided by nonprofit hospitals).
  • Consequently, the spending by such parties on portfolio management fees, banking, legal, and other professional services is included.

US Advertising Revenues to Jump 16% in 2022 on Higher Consumer Spending, Corporate Revenues

Retrieved on: 
Thursday, August 4, 2022
SEO, Population, Analysis, Advertising, Internet, Particle-size distribution, United States Census Bureau, US Census Bureau International Data Base, Social media, Video game, Freedonia

CLEVELAND, Aug. 4, 2022 /PRNewswire/ -- US advertising service revenues are forecast to advance 8.0% yearly in nominal dollars through 2026, according to Advertising Services: United States, a report recently released by Freedonia Focus Reports. Rising levels of consumer spending are expected to support expansion of corporate revenues and the creation of new firms and brands, and by extension, advertising budgets, fueling growth. As more consumers turn to streaming audio and video services, spending on advertising on those platforms is expected to see rapid growth. The presence of a US presidential election year (2024) is also expected to boost election advertising spending. However, revenue growth will slow down over the forecast period as the streaming market matures and competition from management consultancies and tech firms siphon away advertising revenue.

Key Points: 
  • Excluded from the scope of this report are advertising revenues from establishments that do not provide advertising services as their primary activity, as reported to the US Census Bureau.
  • For example, advertising revenues earned by television networks, newspaper publishers, social media websites, and internet search engine providers are excluded.
  • This report includes the results of a proprietary national online consumer survey of US adults (age 18+).
  • Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction.

Pledging to Cut Virgin Plastics, Packaging End Users Look to Paper, Bioplastic, & Molded Fiber

Retrieved on: 
Wednesday, July 20, 2022
Goal, Sonoco, Danimer Scientific, Ellen, Industry, Research, Glass, Freedonia, Paper, Plastic, Amcor, Recycling

Though often higher cost and lower performance than plastics, these materials are increasingly the focus of product development efforts.

Key Points: 
  • Though often higher cost and lower performance than plastics, these materials are increasingly the focus of product development efforts.
  • A number of promising introductions have occurred in recent years, including Sonoco Products' Natrellis molded sugarcane, PABOCO's paper bottles, and Danimer Scientific's Nodax PHA bioplastic resin for use in packaging.
  • Reusable packaging programs are of increasing interest as a means to meet corporate source-reduction goals and provide consumers with further sustainable packaging options.
  • Most reusable packaging is made from metal, glass, or other durable materials that do not quickly degrade under use and cleaning.

Pandemic Accelerates Expansion of Private Sustainability Targets While Public Efforts Slow

Retrieved on: 
Thursday, June 30, 2022
PepsiCo, Research, Glass, COVID-19, Corporation, Goal, Industry, Food, Private sector, Public sector, Plastic, Freedonia, Paper, Solution, PCR, Tourism, Recycling

CLEVELAND, June 30, 2022 /PRNewswire/ -- The COVID-19 pandemic accelerated expansion of private sector packaging sustainability targets, even as the pandemic has caused public sector efforts to slow somewhat, finds a new Freedonia Group analysis.

Key Points: 
  • CLEVELAND, June 30, 2022 /PRNewswire/ -- The COVID-19 pandemic accelerated expansion of private sector packaging sustainability targets, even as the pandemic has caused public sector efforts to slow somewhat, finds a new Freedonia Group analysis.
  • For instance, in 2021, major shipping concerns in Europe launched reusable e-commerce packaging solutions that could translate to the US market.
  • Still, the COVID-19 pandemic did constrain progress in packaging sustainability to an extent, especially in the public sector.
  • Corporate packaging sustainability efforts were also hindered by issues in some markets with packaging availability, supply chain disruptions, and material pricing increases.

New Attractions, Season Ticket Sales to Boost US Amusement Park Visits, Revenues

Retrieved on: 
Friday, June 10, 2022
Museum, Time, Food, Freedonia, Recreation, Growth, Carnival, Technology, COVID-19, Analysis, Population, Final good, Amusement park, Amusement park

CLEVELAND, June 10, 2022 /PRNewswire/ -- US amusement park visits are forecast to advance 9.5% per year through 2026, according to Amusement Parks: United States, a report recently released by Freedonia Focus Reports. Growth will stem from the release of pent-up demand, as amusement parks were closed or had limited capacity through 2020 and 2021 as a result of the COVID-19 pandemic. Ongoing capital spending by park operators on rides and attractions will further boost visitations. Furthermore, parks increasingly focus on selling season tickets to boost visitation rates throughout the operating season, contributing higher upfront revenue and providing greater opportunity for recurring food and merchandise spending. In addition, population and economic growth, including rising levels of disposable personal income, will help support visits. Faster growth will be restrained by competition from similar venues (e.g., aquariums, arcades, family entertainment centers, pools, sport centers, and zoos) as well as other forms of recreation, including concerts, cruises, movies, museums, live shows, spectator sporting events, and vacation travel.

Key Points: 
  • Ongoing capital spending by park operators on rides and attractions will further boost visitations.
  • Furthermore, parks increasingly focus on selling season tickets to boost visitation rates throughout the operating season, contributing higher upfront revenue and providing greater opportunity for recurring food and merchandise spending.
  • Amusement park revenues are projected to see yearly gains of 12% through 2026.
  • This report forecasts to 2022 and 2026 US amusement park visits and revenues in nominal US dollars.

Falling Sheet Metal Prices to Hit US Demand Values

Retrieved on: 
Friday, May 20, 2022
Metal, Titanium, Mitsubishi Materials chemical plant explosion, Freedonia, Analysis, Recycling

CLEVELAND, May 20, 2022 /PRNewswire/ -- US sheet metal demand in nominal terms is forecast to decline 7.6% annually through 2026, according to Sheet Metal: United States, a report recently released by Freedonia Focus Reports. Losses will reflect falling prices from their peak in 2021, as producers increase production as well as invest in further production capacity. Through 2026, all market segments are forecast to experience declines. Building products will fall the least of any segment, supported by 1.1% yearly growth in building product shipments, as well as their high use of aluminum, which will see slower declines in price compared to other metals. However, further losses will be restrained by growth in durable goods production, especially transportation equipment that use sheet metal.

Key Points: 
  • Metal bars, billets, tubes, and wire are excluded from the scope of this report.
  • Hot-rolled and cold-rolled steel plate is also excluded, though plate of other metals is included.
  • Trade and demand data does not include added value due to the Section 232 steel and aluminum tariffs.
  • Re-exports of sheet metal are excluded from demand and trade figures.

Upkeep of US Navy Fleet to Support Advances in US Shipbuilding

Retrieved on: 
Monday, April 25, 2022
Revolution, Analysis, Freedonia

CLEVELAND, April 25, 2022 /PRNewswire/ -- US shipyard output is forecast to increase 3.6% per year in nominal dollars through 2026, according to Shipbuilding: United States, a report recently released by Freedonia Focus Reports. Replacement of an aging US Navy fleet and the deployment of increasingly expensive ship technologies are expected to support advances. An expanding number of ships in use will spur the need for repair and maintenance services.

Key Points: 
  • The scope of this report encompasses US shipyards; establishments primarily engaged in building boats are excluded.
  • For the purposes of this report, both self-propelled and nonpropelled barges are classified as ships.
  • The value of marine engineering services, such as design and development, is excluded from the scope of this report.
  • Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction.

Capacity Expansions to Boost US Shipments of Semiconductors in Coming Years

Retrieved on: 
Monday, April 25, 2022
Electronics, Semiconductor, Transport, Light-emitting diode, Analysis, Freedonia

CLEVELAND, April 25, 2022 /PRNewswire/ -- US shipments of semiconductors are forecast to increase 6.7% per year in nominal terms through 2026, according to Semiconductors: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from growing global production of electronics, appliances, machinery, and transportation equipment. Value gains well into the forecast period will be supported by capacity expansions – which have long lead times – driven by present undersupply of the market. In addition, continued growth in the incorporation of semiconductors in myriad products will stimulate orders. However, competition from foreign semiconductor producers, primarily in Asia, will limit faster growth. Contributing to this trend are US-headquartered semiconductor design firms that operate under a fabless business model and contract with foundries located in Asia.

Key Points: 
  • Value gains well into the forecast period will be supported by capacity expansions which have long lead times driven by present undersupply of the market.
  • In addition, continued growth in the incorporation of semiconductors in myriad products will stimulate orders.
  • Capacity expansions, new product introductions, and a return to normal following the fab shutdowns related to the 2021 Texas ice storm will support gains.
  • This report forecasts to 2022 and 2026 US semiconductor shipments in nominal US dollars at the manufacturer level.