Global bedroom music production market size

Market research of the following scope:

  1. The market size for bedroom music production.
  2. How much services like BeatStars and Airbit are making in revenue, how many users they have and what their market size is.
  3. How much of the song like “old time road” by lil nas x makes in royalty and mechanical payouts.
  4. All other relevant statistics or trends for the said market.

SUMMARY
Bedroom production is categorized under independent label music production. As per latest study conducted, the global independent label accounts for about 45% of the total global music production revenue while bedroom producers account for about x.x% of the global music industry.

We’ve summarized our findings in the graphs and charts presented below and its detailed calculations, estimations, assumptions, and statistics of how these figures were derived can be found in the “Findings” section of this report.

[Graphs and charts provided in the report.]

Fig. 1

overall global music production market

Fig. 2

Global independent label music production market shares against total music production

Fig. 3

Global market size of music production, independent label and bedroom music production

Fig. 4

Global bedroom music production industry market size

Fig. 5

Online music marketplace and platform market size

Fig. 6

Online music marketplaces for music producers

FINDINGS

Bedroom music production market size, growth and trend

Overall, the global music production amounted to $xx billion in annual revenue in 2019 and is growing annually by x.x%, or about $xx.xx billion in 2017. This global music production industry includes revenues for physical sales (including CDs, vinyl, cassette tapes), digital downloads, streaming royalties, performance rights and synchronization from all types of music production services.


[Year-by-year calculation of global music production using CAGR of x.x%]

[all calculations are provided in the report]

Scope included in the report:

  • – Bedroom music production market size, growth and trend
  • – Online music marketplace/platform market size
  • – Top online music marketplaces:
  • – Old Town Road royalty payout
  • – Other relevant statistics or trends
  • – Include all references and graphs

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Market analysis of the bedroom music production globally

Scope: • Bedroom music production market size, growth and trend • Online music marketplace/platform market size • Top online music marketplaces: • Old Town Road royalty payout • Other relevant statistics or trends • Include: all references and graphs

$7.95

independent label, market size, market trends and growth, music production, top online music marketplace, market research

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Weight loss products and weight loss services market size in the United States

A comprehensive report of the weight loss industry market size in the USA which covers the below scope:

  • TAM, SAM, SOM
  • How many users in the USA lose weight?
  • How users lose weight in the USA? (research or investigation)
  • What kind of popular programs do exist in the USA?
  • What and how famous Instagram/Facebook/Snapchat/etc bloggers earn money by selling devices, programs of services by losing weight
  • Projects, startups, kind type of business and the key competitors which help people lose weight
  • Some facts and habits in losing weight
  • Why, how and when do people lose weight?
  • Some additional information (links, articles and so on)

SUMMARY

(Graphs and figures included in the report. Example graph below))

FINDINGS

The overall weight loss industry in the United States is now worth $xx billion and is forecast to grow 2.6% annually through 2023. Let’s take a look on how these market is segmented into the most popular categories.


Below are a direct quote from the research findings .

  1. Commercial weight loss chains as a group posted a strong xx% increase in revenues in 2018, to $x.xx billion. WW (Weight Watchers) and Medifast were the big winners, as well as a fairly new franchise called Profile by Sanford. This segment of the market is forecast to grow 8.6% this year and x.x% per year through 2023.
  2. Meal replacements (shakes, nutrition bars) are still very popular with dieters. They are sold by retailers, diet companies, MLM distributors and are private labeled by physicians. Sales of meal replacements will outpace the growth of OTC diet pills to 2023 (6.8% per year vs. 5,5%). This market segment was worth a combined $x.x billion in 2018. Multilevel marketing companies such as Herbalife, Shaklee, Isagenix, Beach Body and more provide a significant distribution channel for these products, since they are safe, portable and inexpensive.
  3. Prescription obesity drugs is a $xxx million market that has been flat for years. Sales of the newest medications (Contrave, Belviq, Qsymia) have not gained traction due to cost, insurance coverage and very moderate weight loss. No new antiobesity drugs are expected to enter the market and gain FDA approval before 2022.
  4. Weight loss surgeries: An estimated 239,000 were performed in the U.S. in 2018, constituting a $x.xx billion market. The number of surgeries has been growing about x% per year. Reimbursement for this typical $25,000 surgery remains a problem.
  5. Lowcalorie (diet) frozen entrée sales have shown some life lately, after years of flat or declining sales. Producers such as Stouffer’s (Lean Cuisine) and Conagra (Healthy Choice) have turned it around via new items, more natural ingredients and attractive packaging. This is a $x.x billion market.
  6. Diet Soft Drinks and Artificial Sweetener sales continue to decline. Diet soda sales fell an estimated x.x% to $xx.xx billion in 2018, and artificial sweeteners fell to $x.xx billion.

Number of Americans who are trying to lose weight


From the latest research conducted in the US by the CDC and National Health and Nutrition Examination Survey , nearly half of American adults (49.1%) wants or attempts to lose weight, however, another survey by Gallup revealed that while half of Americans attempts to lose weight only 25% of these are seriously achieving these goals.

[Calculations and estimated included in the report]

Scope included in the full report:

  • – The United States weight loss industry in general
  • – Market is segmented into the most popular categories
  • – Overall weight loss industry market size
  • – Weight loss services market size
  • – Number of Americans who are trying to lose weight
  • – Common ways of losing weight in the United States
  • – Average spending per user
  • – Number of users on different weight loss revenue sources
  • – Demographics and habits of American weight loss watchers
  • – Online or social media trends
  • – Key companies and competition including leading startups
  • – TAM, SAM and SOM FOR WEIGHT LOSS SERVICES (NOT INCLUDING PRODUCTS, DIET FOODS, AND MEDICAL SERVICES OR SURGERIES)
  • – All references and source links were provided.

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Weight Loss Industry Market Analysis in the United States

SCOPE INCLUDED IN THIS REPORT: - The United States weight loss industry in general - Market is segmented into the most popular categories - Overall weight loss industry market size - Weight loss services market size - Number of Americans who are trying to lose weight - Common ways of losing weight in the United States - Average spending per user - Number of users on different weight loss revenue sources - Demographics and habits of American weight loss watchers - Online or social media trends - Key companies and competition including leading startups - TAM, SAM and SOM FOR WEIGHT LOSS SERVICES (NOT INCLUDING PRODUCTS, DIET FOODS, AND MEDICAL SERVICES OR SURGERIES) - All references and source links were provided.

$8.45

Market research, market size, total addressable market, serviceable available market, weight loss industry trends, demographics

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Global agile retrospective market analysis


Market size, growth and projected value

Research requirements:


We are building an Agile retrospective product. Retrospective is part of an Agile development process. Team at the end of the development cycle meet and review what has gone well and what can be improved. The idea is about the continuous improvement. Almost all companies at this point have an IT team who follows scrum methodologies.


We need to analyze the total market size for the product. There are few players in this field for your reference Retrium, ScatterSpoke, and Teamretro.

What is Agile retrospective?

  • is a team ritual
  • is a regular and important time slot for the whole team
  • is an event where teams stops and analyse their way of working
  • is a place where the team reflects on how to become more efficient
  • is an event that is used for reflection.
  • is an event where teams look back and analyse how they performed
  • is an event that is used to recognise hard working between peers
  • is an event where teams find improvements on their way of working
  • is an event where teams try to arrange new ways of working to avoid default thinking patterns
  • is an event where issues are discussed without blame or accusation
  • is an event where the critic is done on the working output and not on the people
  • is a cornerstone of any inspect and adapt cycle
  • is a data mining event where the team collects information about what happened during the sprint
  • is a creative event where the team generate dozens of different possibilities to help them to become better
  • is a place where the team self reflect about their own working environment
  • is a place where the teams learn

SUMMARY OF THE REPORT


About xx% of agile development application users are integrating agile retrospective, that translates to about x.xx million firms globally. Assuming that one firm has one team, our calculations show that the current market size of agile retrospective is $396 million and projected to grow by more than xx% annually. In the event that each company has 5 teams, that translates to a total of x.xx million teams as target audience and a possible total value of $x.xx billion. Our estimates show that about 1.14 million firms in the world have utilized agile retrospective.

(All graphs and figures are provided in the report)

Number of firms integrating agile retrospective globally

Agile retrospective product market size calculation methodology


Since this is a niche and specific market, there was no published market size that could
determine the market size of this product. Thus, to determine the market size of this specific product, we used the top-down analysis. We determine first the possible number of users or those that have already adopted agile and multiplied by an average cost. Data and statistics used are from real surveys published by reputable industry market organizations.


How many organizations adopted agile development


According to the State of Agile Report released last May 2019, about xx% of all organizations have already using agile–xx% use agile practices but still maturing, xx% high level of competency and x% greater adaptability. Interestingly, a Harvard study also found that xx% are embracing agile within the software development area which is not far from the average xx% adoption estimate of the State of Agile Report.


While xx% of the organizations from diverse industries have already started using agile, xx% revealed that they still are experimenting with agile, x% are still considering using agile initiatives in the near future and just x% said they don’t have any agile initiatives at all. The above survey was conducted from global organizations with software applications (with at least 100 people or less in that department) from diverse industries such as technology, financial services, professional services, insurance, government, healthcare and pharmaceuticals, manufacturing, telecommunications, and all others.


According to estimates, there are about xxx million companies in the world today. In this research, we will only need to consider and assume that companies with more than 250 employees are capable or with an IT department that are utilizing software applications.

[Sample estimations and calculation]


According to OECD, 95% upward of all firms are SMEs. By exactly taking the percentage of companies with more than 250 employees from countries globally (as shown in this OECD data ), the average is 0.91% or say 1%.

Scope included in the report:

  • – Agile application lifecycle management tools market size in general
  • – Agile retrospective product market size calculation methodology
  • – How many organizations adopted agile development
  • – Companies that adopted agile retrospective
  • – Average agile retrospectives cost
  • – Agile retrospective current market size
  • – Projected growth assuming a 100% market penetration of the total and potential users
  • – Possible market and revenue projection
  • – All references and source links were provided.

Companies that adopted agile retrospective

Average agile retrospectives cost

Agile retrospective current market size

Projected growth assuming a 100% market penetration of the total and potential users

Possible market and revenue projection

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Global agile retrospective market analysis

SCOPE INCLUDED IN THIS REPORT: - Agile application lifecycle management tools market size in general - Agile retrospective product market size calculation methodology - How many organizations adopted agile development - Companies that adopted agile retrospective - Average agile retrospectives cost - Agile retrospective current market size - Projected growth assuming a 100% market penetration of the total and potential users - Possible market and revenue projection - All references and source links were provided.

$8.45

agile development process, agile retrospective, Market Size and Growth, organizations adopting agile, scrum methodologies, market research, market size, total addressable market, industry trends

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Global SaaS-based online scheduling appointment market analysis

The online scheduling market was generally amounted to $232 million in 2019 and is growing more than xx% annually based on revenue values. It is expected to reach annual revenue of $xxx million by year 2026. SaaS-based software will account for the largest share until the next decade which currently records about 40% share of the total online scheduling market.

Global appointment scheduling software market size

By region (eg. North America, Europe) market size is provided in the report.

Appointment scheduling market size by region

Other relevant graphs and charts are provided in the report.

Global appointment scheduling market size and market trends

Generally, the overall appointment scheduling software globally is expected to reach $xxx million by 2026 from $xxx million in 2018, growing at a CAGR of xx% from 2019 to 2026. Here, we define appointment scheduling software as online solutions which offer business tools that allow clients to book, reschedule, and cancel appointments through a web interface. It is also known as online booking software as well as appointment booking software. These figures cover all types of scheduling including web-based or SaaS (or also called cloud-based), mobile app, and others which are used for all industries globally.

Consumer factors that could boost the market are:

  • it eliminates the issues experienced in telephone-based booking
  • saves the working hours staff members handling customer service
  • provides an optimized appointment calendar

Factors that drives the growth are:

  • rapid increase in adoption of smartphones and internet penetration
  • the need to optimize business performance by saving time
  • growth in need to reduce no-shows and minimize administration 
  • the adoption of artificial intelligence and natural language processing integration in appointment scheduling software

Top industries that utilize the appointment schedule are:

  • Health and Wellness: xx%
  • Gym, Sports and Personal Trainers: xx%
  • Naprapathy: xx%
  • Spas and Beauty Salons: x%
  • Massage Therapists: x%
  • Education and Counselling: x%
  • Photographer: x%
  • Hair Salons: x%
  • Medical Centers: x%
  • Business Coaches and Consultants: x%
  • Others: xx%

Market share of SaaS-based online scheduling software (provided in the report)

Market share of SaaS-based online scheduling software

Web-based and mobile apps market share

What are the companies that provide scheduling SaaS that could also be used by aggregators

Top industries that utilize the appointment scheduling or online booking

Scope included in the report:

  • Global appointment scheduling market size, growth and market trends
  • Market size by region
  • SaaS Online Scheduling market size
  • Web-based and mobile apps market share
  • What are the companies that provide scheduling SaaS that could also be used by aggregators
  • Top industries that utilize the appointment scheduling or online booking
  • Include all references and graphs

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Global SaaS-based online scheduling appointment market analysis

SCOPE INCLUDED IN THE REPORT: •Global appointment scheduling market size, growth and market trends •Market size by region •SaaS Online Scheduling market size •What are the companies that provide scheduling SaaS that could also be used by aggregators •Top industries that utlize the appointment scheduling or online booking •Include: all references and graphs

$6.45

Tags: market research on global Software-as-a-service (SAAS-based) online scheduling appointment, market shares and growth, market trends

Automotive Retail Sales Projections and Market Size

By the year 2021, it is expected that the global online automotive retail sales market will reach $1.91 trillion at a CAGR of 33.70% while brick-and-mortar automotive retail sales market will reach a market size of $4.93 trillion with an estimated CAGR of 3.30%.

Automotive Retail Sales Projections

By the year 2021, it is expected that online automotive retail sales market will reach $1.91 trillion at a CAGR of 33.70% while brick-and-mortar automotive retail sales market will reach a market size of $4.93 trillion with an estimated CAGR of 3.30%. Our research shows that by the year 2021, about 29.20% of vehicles will be sold online and 70.80% will be sold through brick-and-mortar dealerships. Currently, the automotive retail market share stands at 80% for brick-and-mortar and the remaining 20% is for the online retail market.

METHODOLOGY AND FINDINGS

To determine the projected growth rate, market size, and percentage share of the online automotive retail sales market and the brick-and-mortar automotive retail sales market, we looked and scoured through various reports available in the public domain such as the KPMG report on global automotive trends, Scotiabank published report on global auto sales, MedCrave, PRNewswire, Reuters, IBISWorld, Statista, among others. While most published comprehensive market reports are accessible through purchase, we were able to estimate and triangulate the numbers as per the available statistics and information available publicly.

Global e-retail or online automotive and brick-and-mortar retail sales

According to a report released by PRNewswire in 2018, the global e-retail or online automotive retail market is expected to record a CAGR of 33.70% from 2017 to 2021. A market report conducted by Technavio estimated that currently, 80% of the total global automotive retail sales account for the brick-and-mortar, which leaves 20% share for the online retail sales. A separate report from IBISWorld revealed that the total global automotive retail revenue was $4 trillion in 2018 growing at 3.3% annually. By volume, the total vehicle units sold in 2018 was 81.50 million.

Online automotive retail sales = $4 trillion * 20% = $800 billion

Brick-and-mortar retail sales = $4 trillion * 80% = $4.2 trillion

Online and brick-and-mortar automotive retail market shares
Market shares

If the e-retail automotive market was growing at 33.70% year-over-year, then we calculated that by 2021, this market will be about $1.91 trillion.

  • 2018 = $800 billion (from above calculation)
  • 2019 = $800 billion * 1.3370 = $1.07 trillion
  • 2020 = $1.07 trillion * 1.3370 = $1.43 trillion
  • 2021 = $1.43 trillion * 1.3370 = $1.91 trillion

While we were unable to determine the market growth rate for the brick-and-mortar alone, we assumed that this segment carries the same growth rate of the global automotive retail industry since it represents 80% of the market. Using the 3.30% annual growth rate, we calculated that by the year 2021, the brick-and-mortar retail market will be about $4.63 trillion.

  • 2018 = $4.2 trillion (from above calculation)
  • 2019 = $4.2 trillion * 1.033 = $4.34 trillion
  • 2020 = $4.34 trillion * 1.033 = $4.48 trillion
  • 2021 = $4.48 trillion * 1.033 = $4.63 trillion

By 2021, the total online and brick-and-mortar market size combined will be about $6.54 trillion [from $1.91 trillion + $4.63 trillion].

Percentage of online automotive retail by the year 2021

The percentage of online automotive retail by the year 2021 is calculated below.

= ($1.91 trillion/$6.54 trillion)*100

= 29.20%

Percentage of online automotive retail by the year 2021

The percentage of online automotive retail by the year 2021 is as per calculated below.

= ($4.63 trillion/$6.54 trillion)*100

= 70.80%

To sum it up, assuming that the market by value is proportionate with the market in unit sales, we could safely conclude that by the year 2021, about 29.20% of vehicles will be sold online and 70.80% will be sold through brick-and-mortar dealerships.

Sources

Global Automotive Retail Market 2018-2030: Powering Monetizing Opportunities – Digital Lead Generation, eCommerce Platforms, and 100% Online Retailing

Global Automotive E-retail Market 2017-2021

Global Automotive Retail Market 2018-2030: Powering Monetizing Opportunities – Digital Allied Services to Become a Margin Booster for OEMs by 2025 as the Digital Ecosystem Evolves

Global Car & Automobile Sales. Industry Market Research Reports, Trends, Statistics, Data, Forecasts

Global Automotive E-Retail Market to Exhibit Impressive Growth of CAGR 33.70% during the period 2017-2021

Automotive retail 2030 Evolution of dealerships and potential new roles in retail

The role of the automobile industry in the economy of developed countries

GLOBAL ECONOMICS | GLOBAL AUTO REPORT

Tags: automotive retail, dealership, market size, online retail, vehicles sold online, market research, market growth and trends, market size, industry trends

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Mobility as a Service (MaaS) Market Size

According to Erie News Now, the U.S. market size for mobility as a service was $38.76 billion in 2017 growing at a CAGR of 36% to 51.8%, with expected growth potential of up to $358.35 billion in 2025.

The most recent figure regarding the U.S. population using the service is 52.5 million to 129 million individuals; however, 105 million is provided as the more accurate figure. These figures are calculated based on the percentages of individuals who have used the service measured against the entire population.

MARKET SIZE – MOBILITY AS A SERVICE IN THE UNITED STATES

According to a report published by Wired, 24.%$ and 43% of the U.S. population has used mobility-as-a-service app to summon a ride. The younger population are leading in the usage of MaaS. Given the percentages, we can determine the total number of individuals in the U.S. population using MaaS. We examined different reports to aggregate the CAGRs provided to estimate the future market size of for mobility-as-a-service. Using the percentages provided and taking the U.S. population as 300 million, we determined the total number of individuals in the U.S. using MaaS as:

Therefore, according to Statista, 17.5% of the U.S. population has used MaaS. So from 17.5% to 43% of the U.S. population has used MaaS with 35% being the more prevalent estimate. To determine the total number of citizens using the service we take the percentages and multiply with the U.S. population to establish the ranges.

  • (17.5/100) × 300 = 52.5 million people
  • ((43/100 × 300 = 129 million
  • (35/100 × 300 = 105,000 million

On the other hand, regarding the market size, the CAGR ranges from 36% to 51.8%. Therefore, it is estimated that the market size for MaaS will grow from $253.16 in 2017 to $358.35 billion in 2025 and $429.3 billion by 2028.

Market Size – Mobility as a Service: Global

In 2018, the global Mobility-as-a-Service (MaaS) market revenue size was $31.96 billion, from $24.1 billion in 2017. The MaaS global market is expected to grow by 32.6% yearly until 2025. About 28.59 million vehicles have used or utilized MaaS globally in 2018 and this number is expected to grow at an average of 14% annually. By 2030, about 130 million vehicles are users of MaaS. Below, we presented our findings and methodology.

METHODOLOGY

To determine the revenue size of the global Mobility-as-a-Service (MaaS) market and its total users or the number of units using this service, we searched through various market research reports such as Research And Markets (published by AP News), Orbis Research (published by Reuters), Market Research Future, BIS Research (published by PR Newswire), Deloitte report, BofA Merrill Lynch Global Research, and including statistics from Statista.

MOBILITY-AS-A-SERVICE (MAAS) GLOBAL MARKET SIZE

According to Orbis Research, MaaS market was valued at $24.1 billion in 2017 and is expected to grow year-over-year by 32.6%. By 2025, the market is expected to reach $230.40 billion. We’ve calculated its yearly revenue size by using the given CAGR as shown below.

MOBILITY-AS-A-SERVICE (MAAS) GLOBAL MARKET SIZE, in US$ billions

From another study by ReasearchAndMarkets and BIS Research, MaaS market was expected to clock in $1.75 to $1.76 trillion global revenue by 2028. The global key players in this segment include BMW Group, Alliance Corporation, Apple, Xerox Corporation, Lyft, Uber Technologies, MaaS Global, Deutsche Bahn, Daimler, and Communauto. While the global key vendors involved in mobility as a service market include Car2go, Hailo, Bridj, Ola, Ridepal, and Make My Trip.

NUMBER OF CAR UNITS USING MAAS AND ITS MARKET PENETRATION

While we were unable to locate direct statistics for individual number of MaaS users, research released by BofA Merrill Lynch in 2017 revealed that the estimated number of vehicles using MaaS as of 2016 was at 22 million and this number is expected to reach 130 million by 2030 at an average growth rate of 14% annually. By 2030, BofA estimated that 8% of total vehicles on the road globally, mostly cities, will be using MaaS. On the other hand, ResearchAndMarkets predicted that MaaS will penetrate 40% urban mobility by 2028.

Using the provided yearly growth rate of 14%, we’ve calculated the estimated number of vehicles that are using MaaS from 2016 to 2018 and including 2019 to 2025.

  • 2016: 22 million vehicles
  • 2017: 22 million * 1.14 = 25.08 million
  • 2018: 25.08 million * 1.14 = 28.59 million
  • 2019: 28.59 million * 1.14 = 32.59 million
  • 2020: 32.59 million * 1.14 = 37.16 million
  • 2021: 37.16 million * 1.14 = 42.36 million
  • 2022: 42.36 million * 1.14 = 48.29 million
  • 2023: 48.29 million * 1.14 = 55.05 million
  • 2024: 55.05 million * 1.14 = 62.76 million
  • 2025: 62.76 million * 1.14 = 71.54 million

Sources and references:

Over a third of Americans

Quotes

“Younger people are significantly more likely to use mobility as a service”

“That comports, mostly, with other surveys conducted in the past year about Uber and Lyft ridership, which have found that between 24.4 and 43 percent of the US population has used apps to summon rides.”

Global Mobility as a Service (MaaS) Market Report 2018: market is Expected to Grow to US$ 358.35 Billion by 2025 from US$ 38.76 Billion in 2017

Quotes

“Mobility as a service market is expected to grow to US$ 358.35 billion by 2025 from US$ 38.76 billion in 2017”

Global Mobility as a Service Market to Reach $1.75 Trillion by 2028, Reports BIS Research

Quotes

“The CAGR of the mobility as a service 51.8% “

“According to the author, Mohammad Faisal Ahmad, “The increasing penetration of ride-sharing and smartphones in a consumer’s lifestyle is expected to drive the global MaaS market. Also, the ride-sharing segment within the MaaS market is projected to witness an impressive CAGR of 51.8% for the period 2018-2028 and reach $429.3 billion by 2028.””

$358 Billion Mobility as a Service (MaaS) Market, 2025 – Global Analysis and Forecasts by Service Type, Application Platform, Business Model & Vehicle Type – ResearchAndMarkets.com

Quotes

“Mobility as a service market is expected to grow to US$ 358.35 billion by 2025 from US$ 38.76 billion in 2017”

Mobility as a Service Market 2018 Global Trends, Size, Key Players, Share, Future Perspective, Emerging Technologies, Competitive landscape and Analysis by Forecast to 2023

Quotes

“The global mobility as a service market is expecting an excellent 36% CAGR during the forecast period (2017-2023) and reach a valuation of USD 253.16 billion in that time.”

Infographic: Shared Mobility Has Yet to Reach Mainstream Adoption

Quotes

“Just 17.5 percent of the respondents claim to have used a short-distance ride-sharing service (e.g. Uber) in the past 12 months, with long-distance ride-sharing, bike- and car-sharing seeing even lower adoption rates.”

New Mobility Survey Finds Over ⅓ of Americans are Combining Public Transit with Ridesharing

Quotes

“More than one third of our respondents (35%) are now combining ridesharing with public transit to reach a destination on at least an occasional basis, while 7% are combining ridesharing with public transit on at least a weekly basis.”

Global Mobility as a Service (MaaS) Market 2018 by Demand, Services, Key Players (Uber, OlaCabs), Opportunities in US$ 230400 Million Industry till 2025

Quotes

“The global Mobility as a Service (MaaS) market is valued at 24100 million US$ in 2017 and will reach 230400 million US$ by the end of 2025, growing at a CAGR of 32.6% during 2018-2025.”

MaaS & TaaS: On Demand Mobility & Transportation as a Service

Quotes

“We estimate mobility services will grow by an average of 14% per year from 22 million vehicles in 2016 to 130 million by 2030 to represent 8% of total vehicles on the road globally, predominantly in cities.”

Global $1.76 Trillion Mobility as a Service Market to 2028: Focus on Business Models, Supply Chain, Electric Vehicle, Autonomous Vehicles, and Bikes – ResearchAndMarkets.com

Quotes

“The global mobility as a service market is expected to reach $1.76 trillion, estimated to be one-fourth of the total transportation industry by 2028. MaaS market is expected to penetrate over 40% in the urban mobility requirement by 2028.”

Mobility as a Service Market – Global Forecast 2023 | MRFR

Quotes

“The global Mobility as a Service market is expected to reach approximately USD 253.16 billion by 2023 growing with a 36% CAGR over the forecast period 2017-2023.”

Global Mobility as a Service Market to Reach $1.75 Trillion by 2028, Reports BIS Research

Quotes

“According to the author, Mohammad Faisal Ahmad, “The increasing penetration of ride-sharing and smartphones in a consumer’s lifestyle is expected to drive the global MaaS market. Also, the ride-sharing segment within the MaaS market is projected to witness an impressive CAGR of 51.8% for the period 2018-2028 and reach $429.3 billion by 2028.””

Worldwide – mobility services fleet by type 2025 | Statisti

The rise of mobility as a service

Survey: Consumers Would Pay More And Switch Transportation Mode To Get Smart Digital Services

Tags: growth and projected valueMaaSmarket penetrationmarket sizemobility as a service, market size and growth, market research, mobility-as-a-service, MaaS,

United States Telemedicine Market Size: Medicaid and Medicare Spending

The total market size of the telemedicine industry, also referred as telehealth, in the United States was $5.984 billion in 2018, from about $4.982 billion in 2015. Telemedicine is expected to reach $8.634 billion revenue by 2024 at a CAGR of 6.3%. Telemedicine Medicaid and Medicare spending accounts for less than 1% of the total.

Overview of the U.S. Telehealth Market

The total market size of the telemedicine industry in the United States was $5.984 billion in 2018, from about $4.982 billion in 2015. This market is expected to reach $8.634 billion revenue by 2024 at a CAGR of 6.3%. We have estimated that less than 1% (or just about 0.40%) of the total market spend comes from telemedicine patients using Medicaid. The U.S. telemedicine market is fragmented in nature but current trends show evidence that there will be a rapid transition from highly fragmented into an enterprise-like approach market. The nationwide profit margin of this industry was not made available on any of the released government reports, articles, market research, and publications. We’ve presented our detailed findings below.

U.S. TELEMEDICINE MARKET SIZE

According to the article published by Reuters (referenced from Orbis Research) in 2018, the telemedicine market in the United States posted an estimated market size of $4.982 billion back in 2015 and is expected to reach $6.773 billion by 2020 at a CAGR of 6.3%. To obtain the market size for 2017, 2018, and the forecast revenue over the next five years, we’ve calculated the year-by-year revenue using the provided annual growth rate of 6.3%. We’ve also assumed that the growth rate will carry similar trend until 2024.

  • 2015 = $4.982 billion
  • 2016 = $4.982 billion * 1.063 = $5.296 billion
  • 2017 = $5.296 billion * 1.063 = $5.630 billion
  • 2018 = $5.296 billion * 1.063 = $5.984 billion
  • 2019 = $5.296 billion * 1.063 = $6.361 billion
  • 2020 = $5.296 billion * 1.063 = $6.762 billion
  • 2021 = $5.296 billion * 1.063 = $7.188 billion
  • 2022 = $5.296 billion * 1.063 = $7.641 billion
  • 2023 = $5.296 billion * 1.063 = $8.122 billion
  • 2024 = $5.296 billion * 1.063 = $8.634 billion

While we were able to locate and calculate the market size (based on revenue) of the telemedicine market in the United States, its profit margin was largely unavailable in the public domain. We’ve also checked and searched through each comprehensive reports and market research released by PRNewswire, Reuters, Transparency Research, MarketsAndMarkets, Business Insider, IBISWorld, Statista, and including government reports from GAO, MEDPAC, MACPAC, and CMS, but the profit margin of the industry was not made available.

THE UNITED STATES TELEMEDICINE OR TELEHEALTH MARKET SIZE ANNUALLY AND FORCAST VALUE

PERCENTAGE OF MARKET SPEND FROM MEDICAID

In 2018, through the research initiated by the Medicare Payment Advisory Commission (MedPac) in its mandated report titled “Telehealth services and the Medicare program,” the report revealed that the Centers for Medicare & Medicaid Services (CMS), including state governments, does not limit the use of telehealth in Medicaid. According to the report, “payment for telehealth services provided under Medicaid FFS largely resembles how telehealth services are paid for under Medicare FFS, with physician-based telehealth services paid for on an item-by-item basis and facility-based telehealth services incorporated in the fixed payment for a unit of care.” While Medicare spending on telemedicine was reported to be about $27 million in 2016, Medicaid spending for telehealth was reported to be “unclear” and no direct national figure was available.

We’ve also checked other reports released by the Government Accountability Office (GAO) and the Medicaid and CHIP Payment and Access Commission (MACPAC) reports but the amount spend for telemedicine from medicaid was also unknown. The lack of information on the figures maybe due to reasons that each states have the “option to determine whether to cover telehealth, which types of telehealth services to cover, and which types of providers can receive reimbursement for telehealth services, among other things.” MACPAC reports that, as of 2017, 48 states and including D.C.  already established regulations on some coverage for telemedicine in their Medicaid programs, however, each state has different definitions on the services covered including the type of healthcare providers and location of patients.

ESTIMATED PERCENTAGE OF MARKET SPEND FROM MEDICAID

Due to the limited information available in the public domain pertaining to Medicaid’s telemedicine reimbursement or the amount spent by telemedicine patients using Medicaid, we provided a ballpark estimate using the statistics available in the reports. Since these reports agreed that telemedicine payment trends for Medicaid widely resembles how telehealth services are paid for under Medicare, then we used this trend to triangulate the figure. According to the report, in 2016, the total telehealth Medicare spending was totaled $27 million. This figure was about 0.0038% from the total $702 billion Medicare spending in 2017 [$27million/$702 billion]. Assuming that this percentage similarly paralleled the trend in Medicaid services in 2017, then we could roughly assume that about $21.91 million of the total Medicaid spending of $576.64 billion in 2017 comes from telemedicine patients using Medicaid.

$576.64 billion * 0.0038% = $21.91 million

To calculate what % of the telemedicine market spend comes from telemedicine patients using Medicaid, we divide the above result by the total telemedicine market size in 2017. The percentage would be;

($21.91 million/$5.630 billion)*100 = 0.40%, or less than 1%

IS THE MARKET FRAGMENTED OR CONSOLIDATED?

Several reports agreed that, currently, the telemedicine industry in the United States is largely fragmented in nature. According to PRNewswire, “it is highly dynamic and fragmented with the presence of several medical device manufacturers, software or app providers, and healthcare service providers.” InTouch Health CEO also quoted that “the telehealth industry is fragmented and health systems demand a single telehealth platform that can overcome interoperability challenges, ensure data management continuity, and scale from a single physician office to a multi-hospital enterprise.” Accordingly, the fastest means to consolidate the market and provide better health system was through partnerships, mergers, and acquisitions. Recently, there were evidently mergers and acquisitions taking place in this industry. For example, InTouch Health, a telemedicine firm, acquires REACH Health (telemedicine software) in 2018 and at the same year, American Well acquires Avizia.

According to another report, “one of the biggest health system trends is that telemedicine is moving from fragmented, departmental initiatives into an enterprise approach, pulling disparate elements under one single umbrella for the entire system.” Many large organizations are already merging resources under single management. Examples of these companies are UMMC, St. Luke’s Health System, and Mercy Virtual.

KEY PLAYERS OF THE U.S. TELEMEDICINE INDUSTRY

The notable key players in the telemedicine industry in the United States include IBM, Intouch Technologies, Cisco-Jabber & WebEx, BlueJeans, Siemens Healthcare, Zoom, Vidyo, Vsee, and SwyMe.

Sources and references:

Telehealth vs. Telemedicine: Does the Difference Matter? – Eagle Telemedicine

Quotes

“Though it notes the distinction between the two terms, the World Health Organization (WHO) uses the terms interchangeably.”

“The American Telemedicine Association also considers telehealth and telemedicine to be interchangeable terms, while carefully pointing out the clinical environment where telemedicine is typically performed.”

Mandated report: Telehealth services and the Medicare program

TELEHEALTH Use in Medicare and Medicaid

The Facts on Medicare Spending and Financing

Telehealth In 2017: What Changed And What’s Ahead

Total Medicaid Spending

United States Telehealth Market to 2023 by Modality, Component, End-Users & Key Vendor Analysis

Quotes

“The US telehealth market is highly dynamic and fragmented with the presence of several medical device manufacturers, software or app providers, and healthcare service providers. “

“The rapid technological advancement is encouraging vendors to introduce platforms with innovative and advanced features to meet the growing customer demands in the US market. The leading healthcare companies are investing in R&D to integrate hardware and software to improvise remote healthcare services to end-users and gain a larger US market share. “

Telemedicine Industry Advanced Technology Used, Current Opportunities & Investment Opportunities 2021 in Global Market

5 Need-to-Know Leaps in Telehealth | HealthLeaders Media

Quotes

“As the practice of telemedicine matures, one of the biggest health system trends is that telemedicine is moving from fragmented, departmental initiatives into an enterprise approach, pulling disparate elements under one single umbrella for the entire system.”

Telehealth in Medicaid

Quotes

“In 2017, nearly all states and the District of Columbia provided some coverage of telehealth in fee-for-service Medicaid.”

A Tale of Two Telehealth Acquisitions

Quotes

“Telemedicine companies are actively looking for ways to open the sector up to broader adoption. Partnerships and acquisitions seem to be the fastest means to that end, as two recent telemedicine deals would suggest.”

“”The telehealth industry is fragmented and health systems demand a single telehealth platform that can overcome interoperability challenges, ensure data management continuity, and scale from a single physician office to a multi-hospital enterprise,” said Joseph DeVivo, CEO of InTouch Health.”

Total telemedicine market size U.S. 2014-2025 forecast | Statistic

Telehealth Services Industry in the US

Tags: Medicaid, Medicare, Telehealth, Telemedecine, remote medical services, market size, market research, industry trends

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Industry Trivia

  1. Today 3.5 billion people worldwide use a smartphone, that’s almost half of global total population. (Source: Statista.com)
  2. There are over 1.5 billion websites on the world wide web today. Of these, less than 200 million are active. The milestone of 1 billion websites was first reached in September of 2014, as confirmed by NetCraft in its October 2014 Web Server Survey and first estimated and announced by Internet Live Stats. (Source: https://www.internetlivestats.com/)
  3. In 2018, global robot installations increased by 6% to 422,271 units, worth USD 16.5 billion (without software and peripherals). The operational stock of robots was computed at 2,439,543 units (+15%). This result came as a surprise because the main customer industries, automotive and electrical/electronics, had a difficult year and two of the main destinations, China and North America, have been starring in a trade conflict, spreading uncertainty to the global economy. Nevertheless, the automotive industry remains the largest customer industry with 30% of total installations, ahead of electrical/electronics (25%), metal and machinery (10%), plastics and chemical products (5%) and food and beverages (3%). Note that for 19% of the robots there is no information on the customer industry. This figure is five percentage points higher than the year before. (Source: ifr.org)

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