Market Research Blog – Page 10046 – New Product Development

Soil Moisture Sensor Market Innovations, Technology Growth and Research 2025

In earlier days it was going out taking samples and comparison with existing knowledge of soil information but now once place the soil moisture sensor then sit back and relax it will do all the work and give you the volumetric water content in percent.

Soil is a vital natural resource, it has been unheeded in the past and which led to disastrous results. For Instance- The dust bowl of North America in 1930. Now role of soil health in our environment is taken more seriously. There has been a huge transformation in the ways of soil monitoring.

The Soil Moisture Sensor measure the volumetric water content of soil. This makes soil moisture sensor ideal for experiments in courses such as agricultural science, horticulture, biology, botany, soil science and environmental science. The water content of the soil is measured using principle of capacitance. The soil moisture sensors are very easy to use and they provide readings of volumetric water content in percent.

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Drivers, Restraints and Trends

The use of soil moisture sensor in areas other than research and development is the rising trend in the soil moisture market.

The agricultural applications of the soil moisture sensor market is major driving factor of the market. Increased adoption of modern agricultural practices is boosting the soil moisture sensor market.

The use of soil moisture sensors in agricultural lands has improved the farm’s productivity and there has been a reduction in water consumption by farms. The soil moisture sensors help to avoid over irrigation problems.

The scope of soil moisture sensor is increasing day by day, the use of soil moisture sensors in residential areas is aiding the soil moisture sensor market. This help residential society in maintain green lawns and also helps builders to get idea of water content in the soil which helps him lay the foundation for construction accordingly.

Soil moisture market is now backed by sports segment, which has resulted in increased demand of soil moisture sensors to maintain the grounds. For instance soil moisture sensors are used to maintain golf turfs the rise in such practice will be addition to the market of soil moisture sensors.

Weather Forecasters make use of soil moisture sensors which is another driving factor for the soil moisture sensor market. As soil moisture sensors are helpful in providing reading that is helpful in weather forecasting.

Research Studies is among another factor driving the soil moisture market. Rising awareness among government agencies will help in expansion and strengthening of the soil moisture market. Increase in number of agricultural research projects.

The restraint of the soil moisture sensor market is the lack of awareness among the farmers. As use of traditional farming practices is hindering the exponential growth of the soil moisture sensor market.

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Segmentation of Soil Moisture Sensor Market

The soil moisture sensor market is segmented on the basis of type, end user and region. Soil moisture sensor market segmentation on the basis of type is done into soil water potential sensors and volumetric soil moisture sensor. Further soil water potential sensors is sub segmented into tensiometer, gypsum block, and time domain reflectometry.

On the basis of end user soil moisture sensor market is segmented as residential, ground care, construction, sports turf, research studies and weather forecasting. Soil moisture sensor market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

Some Key Players of Soil Moisture Sensor Market

These companies provide soil moisture sensors Decagon Devices, Inc, Acclima, Inc., The Toro Company, Stevens Water Monitoring System, Inc., Delta-T Devices Ltd., AquaCheck Pvt. Ltd., Irrometer Company,Inc. and Sentek Pvt Ltd.

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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MEA Enterprise Software Market is Growing at a CAGR of 5.5% for 2022-2032 | Report by FMI

The MEA enterprise software market revenue totalled US$ 7,727.9 Mn in 2021. The MEA Enterprise Software Market is expected to reach US$ 13,791.4 Mn by 2032, growing at a CAGR of 5.5% for 2022-2032.

Enterprise software is a broad term that refers to a variety of programs used by businesses, universities, institutions, government agencies, and other organizations to carry out various business operations, simplify tasks, and improve overall business efficiency.

The increase in digitization across various sectors globally and in MEA, as well as the benefits such as dealing with large amounts of data, accuracy, speed, resourcefulness, and simplification that it brings, is the primary driver for the enterprise software market. The MEA enterprise software market consisted 3.1% of the global enterprise software market in 2021.

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The 2017-2021 MEA Enterprise Software Market Demand in Comparison to the 2022-2032 Forecast

The MEA enterprise software is estimated to grow at a CAGR of 5.5% between 2022 and 2032, and the market grew by a CAGR of 3.1% between 2017 and 2021.

Growth in travel and tourism in this region is assisting the growth of enterprise software implementation in this region

The number of visitors to MEA has increased, particularly from neighboring countries. The Global Expo, which took place in Dubai, UAE between 2021 and 2022, and the Qatar FIFA World Cup, which is set to begin on November 20th, 2022, could be accounted for in tourism.

This increases the requirement for companies to implement online bookings, project management platforms, and various online marketing solutions to boost their business growth and fulfil large tasks and manage large projects.

Country-level Analysis

The GCC had the largest market share of 43.4% for the MEA enterprise software market for the year 2021, while Turkey is estimated to be the fastest growing country in this region with a CAGR of 6.9%.

Implementation of cloud technologies, big data analytics, business analytics, and AI, ML, and IoT are technologies which are being used and implemented by enterprises in this region. Initiatives to establish smart cities in this region, such as the smart city Neom, which is under development in Saudi Arabia,

Trade, transport, travel, and tourism are major drivers for enterprise software growth in GCC countries

GCC countries were able to establish their initial wealth because of the oil reserves present in the Gulf region. But today, a large part of their wealth is also generated because of the trading and cargo services that they provide to several other countries and companies globally, as well as travel and tourism and construction.

These industries require online payment platforms, supply chain management software, booking software, and ERP software for this reason. GCC countries are some of the most developed countries in this region, with several IT and telecom companies operating their businesses in this region. For this reason, GCC countries had the highest market share of 43.4% in the year 2021.

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Strong internet penetration in Turkey is a key driver for the enterprise software market

Internet and social media usage is increasing in Turkey. This is allowing the retail, media, and entertainment industries to grow in this country. For these reasons, Turkey could witness a growth in customer relationship management software and content management software.

Several software companies in this region are providing ERP software solutions as well and are implementing new technologies like cloud and IOT to improve their ERP offerings. For these reasons, Turkey is estimated to display a growth of 6.9%.

The presence of international companies in South Africa and various industries is a driver for enterprise software

As a result, this country has access to a variety of enterprise software. The companies which have huge market capital in this country belong to diverse industries.

South Africa is home to large industries like manufacturing, mining, and energy & utilities. This helps boost the growth of supply chain management software in this country, allowing South Africa to have a CAGR of 6.3%.

Competitive Landscape

MEA enterprise software market consists of various different types of software and solutions which assist businesses carry out their functions. For this reason, enterprise software is developed by software companies, but depending upon the company and industry, the software can be developed by the company independently as well.

In October 2021, DP World launched CARGOES logistics which allow instant online cargo booking, tracking of the cargo and selecting the mode of transport. For the first phase, the booking of cargo will be allowed from UAE to India and from India to several other destinations.
In January 2021, PCMS, an established retail company extended a partnership with Redpanda software by adding sales and implementation to the already existing partnership between the two companies. Redpanda has worked on the software development of their product in the past and can redefine it for new and existing clients.

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MEA Enterprise Software Market by Category

By Type:

Business Intelligence Software
Content Management Software
Customer Relationship Management Software
ERP Software
Supply Chain Management Software
Others

By Organization Size:

SMEs
Large Enterprises

By Industry:

BFSI
Retail
IT & Telecom
Healthcare
Media and Entertainment
Others

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Wearable Electronics Market is Estimated to Increase at a CAGR of 14.5% from 2022 to 2032 | FMI

The wearable electronics market revenue by the end of 2021 was US$ 45.5 Bn. The wearable electronics market is expected to reach US$ 199.5 Bn by 2032, as it is estimated to grow at a CAGR of 14.5% for 2022-2032.

Wearable electronics refers to any form of electronic products which is supposed to worn on the body or any body part of the user. The applications of this technology is diverse since it could be used for communication or displaying bodily information like heart rates or footsteps. Wearable devices can also act as computers and allow processing and computation of information specific to the scope of the device’s use.

2017-2021 Wearable Electronics Market Demand Outlook Compared to 2022-2032 Forecast

The wearable electronics market is estimated to grow at a CAGR of 14.5% for the forecast period of 2022–2032. Wearable electronics is growing diverse and there can be several applications for this technology, ranging from health and medicine, communication and calling, listening to music. As the diversity and applications grow, so will the demand for the wearable technology.

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Developing technologies like Internet of Things can be implemented alongside wearable devices, to expand the scope of tasks which could be accomplished and as of 2022, several technologies integrating IoT with wearable devices are being developed.

Wearable Electronics Improves the Efficiency and Improve Access to Resources and Information

The most basic driver of wearable technologies is that they grant consumers the ability to carry out tasks and be provided with data and information, which could help them make better decisions and carry out tasks that otherwise would require different devices or instruments.

The smart glasses built for industrial purposes have the ability to improve the efficiency of the employees and workers by providing them with necessary work-related information. The same goes for healthcare-related wearable technologies, which provide the patients and healthcare professionals necessary insights regarding the patient’s health in a more user-friendly and immediate manner.

Country wise insights

United States Has a High Use of Wearable Technologies Because of Strong Market Players and People with High Disposable Income

The market in the US will rule in the coming years due access to fast speed internet which could allow the lucrative use of several wearable devices. Presence of numerous enterprises in this region will be vital to the market’s growth. Enterprises like Google and Apple take a number of steps to enhance the functionality of their equipment. The reason behind the US market growth rate is linked to the presence of important stakeholders like Apple, Inc. and Google LLC.

The use of the latest technology has increased the need for sophisticated, multipurpose equipment. The marketplace in this place is, in the main, pushed by growing disposable profits and an excessive adoption rate of the latest wearable technology.

For these reasons, US held a market share of 15.3% for the year 2021.

Growth in the Purchasing Power of People in India, especially in the Urban Areas is Driving the Growth of Wearable Electronics

India is currently witnessing the entry of several international electronic vendors into its market and, along with it, domestic companies have begun dealing in wearable electronics as well. The driving factors in India can be attributed to the growing population in the country with increasing income, which increases the scope of the consumer electronics market. Considering that the average age in this country is quite young, it also creates an attraction towards wearable devices like smart watches and fitness bands.

For this reason, the estimated growth rate of India for the forecast period is a CAGR of 15.8%.

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Competitive Landscape

Wearable technology is provided by several electronic companies, most of which develop consumer electronic devices. For most of these companies, wearable electronics is one of the products they offer, but there are certain companies that primarily run their businesses on their wearable technology offerings.

In September 2022, Apple launched a new Apple Watch with the watchOS 9 operating system. Users diagnosed with AFib can turn on the FDA-cleared Atrial Fibrillation History feature to access important information, including an estimate of how often the user’s heart rhythm is indicative of atrial fibrillation. The new launch provides a deeper insight into the user’s condition. Users can also receive weekly notifications, understand their frequency, and see a detailed history in the Health app. This includes lifestyle factors that may affect his AFib, such as alcohol consumption, exercise, and sleep.
In April 2022, Sony unveiled its first-ever portable AC unit, called the Leon Pocket, in July 2020. The company has now launched a successor to its own portable device, calling it the Reon Pocket 2. This is a portable air conditioner for Android and iOS. The device supports both cooling and heating and is intended to be worn around the neck. For this purpose, the company has designed an undershirt with a pocket behind the neck.

Wearable Electronics by Category

By Component:

Sensor
Power Supply Component
Positioning & Networking Component
Controller
Display
Memory
Others (Interface)

By Product:

Head Wear
Eye Wear
Neck Wear
Hand Wear
Leg Wear
Body Wear

By Technology:

Computing Technology
Display Technology

By Application:

Consumer Electronics
Healthcare & Medical Application
Automotive & Transportation Application
Military & Defense Application
Others

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BFSI Security Market Assessment and Key Insights Analyzed Till 2032

The BFSI security market is expected to grow at a CAGR of 13.2% during the forecast period. The market is now assessed at US$ 61,994.54 Million in 2022. The market value is expected to reach $2,14,199.15 million by 2032.

Bank and financial institutions are operated in highly regulated environment. Data breach incidences in these cases occur mainly due to non-compliance to various operational standards. Therefore, there is increasing need of BFSI security to ensure the long term visibility of banking and financial institutions and their data. BFSI security includes cyber security and physical security of banking and financial institutions.

In past one decade, electronic banking platforms have been implemented as an efficient channel to process banking transactions remotely. These banking transactions are executed from web based applications over the internet network, thus creating security risk by exposing user’s data to hackers.

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Apart from this, the banking, financial and insurance industry is continuously witnessing threat from global terrorism, cyber-crimes, and espionage which are leveraging the loopholes in the critical infrastructure. With the increase in cyber-crimes activities, security of sensitive data including, personably identifiable information, personal banking details, commercial banking details, and confidential corporate information is at high risk, due to which, the demand for BFSI security solutions has witnessed traction in the past couple of years.

Component and Technologies Used in BFSI Security

Access Control Systems
Cloud Based Services
Physical Security Software
Surveillance Systems

BFSI Security Market: Drivers and Restraints

In the current changing world of information technology, banking and financial institutions are facing privacy issues due to increased data theft and unauthorized accesses. In BFSI sector, there is always existence of both internal and external threats with increased adoptions of ATMs and online banking solutions. As security breach of customer’s financials can hamper brand image of a particular financial institution, there necessity of safeguarding physical assets and continuous monitoring of banking data driving the growth of the market. However, the initial investment required to set up the security infrastructure is one of the challenge for the growth of this market.

BFSI Security Market: Segmentation

Segmentation of business BFSI Security market on the basis of systems and components:

Video Surveillance

Video surveillance is used for monitoring activities inside out of the organization. Physical security has become necessary for banking and financial institutions to combat pilferage to theft related activities. This has created increase in demand for video surveillance solutions in the BFSI industry.

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Access Control

Access control is deployed for both physical security as well as information security. Access control systems seamlessly work against any unauthorized access. Access control solutions includes web-based access control, managed access control, control panel, visitor management systems, readers, and credentials.

Intrusion and Fire Detection

Intrusion detection systems inspect all the inner and outer network activities and identifies suspicious pattern to indicate data breach attempt in the system. Fire detection system is a combination of various devices which work seamlessly to counsel end-users from any threat of fire.

Physical Security Information Management (PSIM)

Physical security information management is a software that act as a standalone platform for integrating multiple unconnected security application and devices. It controls them using single user interface.

Regional Overview

Asia-Pacific is witnessing rapid growth in the adoption of BFSI security solutions. With respect to this trend, various security vendors such as Honeywell International Inc. and Cisco System Inc. are expanding their business in this region in order to increase its market share in this market. Besides, the Asia-Pacific market is world’s fastest growing economy and soon is expected to be largest wealth market with the increase in private banks and financial instructions in countries such as China and India.

In India, according to the data released by The Reserve Bank of India (RBI), the total number of bank accounts in India are around 600 million, out of which 25 million bank accounts holder are active users for mobile banking applications. North America has observed increased data breach attacks against BFSI industries in the recent past. The banking and financial institutions are promoting the use of digital wallet which is in turn is raising the risk of security for consumer’s data.

Cisco Systems Inc., Honeywell International Inc., Computer Science Corporation (CSC), IBM Corporation, and Symantec Corporation are some of the key players of global BFSI security market.

The report covers exhaustive analysis on

BFSI Security Market Segments

BFSI Security Market Dynamics
Supply & Demand Value Chain
BFSI Security Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
BFSI Security Market Drivers and Restraints

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Regional analysis for BFSI Security Market includes development of these systems in the following regions

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa

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Application Metrics And Monitoring Tools Market : Notable Developments & Geographical Outlook 2022 to 2032

The global application metrics and monitoring tools market is anticipated to increase at ~11.8% CAGR during the forecast period (2022-2032). Application metrics and monitoring tools are used to monitor performance of applications and solutions to optimize the business.

Several large enterprises are adopting cloud application metrics and monitoring tools with increasing volume of data. Besides this, growing awareness among small and medium enterprises for cost-effective systems is also driving the sales of these tools over the forecast period.

Increasing monetary transactions in BFSI sector is improving the adoption of application metrics and monitoring tools owing to the growing need for real-time monitoring. Leading BFSI companies are increasing the adoption to reduce mid-transaction failures.

These tools also aid in mapping and categorizing all applications and alerting for threats. This is projected to surge the demand for application metrics and monitoring tools in retail, BFSI, and manufacturing sectors.

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With integration of advanced technologies such as cloud computing and artificial intelligence, several organizations are adoption cloud-based monitoring tools. For instance, in 2020, AppDynamics, announced the launch of new portfolio of hybrid cloud solutions to optimize app performance in business context.

Furthermore, application metrics and monitoring tools facilitates organizations and businesses to optimize the revenues and reduce the performance glitches. Hence, demand for these tools to generate reports and reduce the performance errors.

Which are the Drivers Boosting the Application Metrics and Monitoring Tools Market?

Growing digitization across diverse industries is enabling the adoption of smart and advanced solutions across healthcare, manufacturing, and other sectors. Hence, key players are introducing direct software solutions to attract businesses at large scale.

As application metrics and monitoring tools offer security and control over the data, demand for these metrics and monitoring tools is anticipated to surge over the coming years. Subsequently, application metrics and monitoring software tools and solutions can be customized specifically to the consumers need.

Hence, surging need for consumer satisfaction is propelling the sales of application metrics and monitoring tools to enhance the business efficiency.

Which are the Challenges Faced by Application Metrics and Monitoring Tools Market?

Major factor restricting the growth in application metrics and monitoring tools market include lack of awareness across industries regarding the benefits of these tools and solutions. Besides this, increased variability and availability of cost-effective solutions in the market is limiting the sales in the market.

While the integration of artificial intelligence and real-time analytics have increased the efficiency of these tools, however, associated high cost of implementation will impede the growth in emerging economies in Latin America.

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Will Europe Emerge as an Opportunistic Application Metrics and Monitoring Tools Market?

As per Future Market Insights (FMI), Europe application metrics and monitoring tools market is expected to witness healthy CAGR through 2022 & beyond. Sales in the region are driven by growing need of IT companies to reduce the downtime of application deployment.

Demand for these tools is also increasing due to the surging need to increase the quality of end-use experience and improve the business efficiency. Further, expansion of IT & telecom and manufacturing sectors coupled with proliferation of mobile and cloud computing will drive the sales across Europe.

How is North America Contributing to Growth of Application Metrics and Monitoring Tools Market?

Presence of leading players in the U.S. is one of the vital factors promoting the growth in North America application metrics and monitoring tools market. Key providers in the region are extensively adopting strategies such as collaborations and business partnerships with end users as well as other companies to strengthen their global footprints.

Furthermore, growing complexity of applications and data along with burgeoning need of big data analytics for improved performance in diverse industries is fueling the growth in the region.

Penetration of digital businesses and demand for end-user and client engagement for better customer relationship across IT & telecom and manufacturing sector will also spur the sales of these solutions.

Market Competition

As per FMI, the application metrics and monitoring tools market is highly competitive owing to the active presence of numerous leading players in the market. These key players are introducing new applications and innovative products which differ in technology to gain competitive edge.

Meanwhile, other players are introducing cost-effective products to establish their presence in developing economies such as India, China, Brazil, and Argentina.

Companies profiled in the market include IBM Corporation, New Relic, Microsoft, Hewlett-Packard, Compuware Corporation, AppDynamics Inc., Dell Inc., Riverbed Technology Inc. and CA Technologies among others.

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Key Segments Profiled in the Application Metrics and Monitoring Tools Market

Component:

Deployment model Monitoring
Application Runtime Architecture Discovery and Modeling
User-Defined Transaction
Application Component Monitoring
Reporting & Application Data Analytics

Form:

Software
Service

Deployment Model:

On Premises
Cloud
Hybrid

Verticals:

BFSI
Public Sector
Healthcare Sector
Manufacturing Sector
Transportation & Logistics Sector
Retail Sector
IT & Telecommunication Sector
Media & Entertainment Sector
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Dealer Management System Market : Top Trends and industry overview to watch for 2022 – 2032

As per the analysis of FMI, the dealer management system market is projected to grow from US$ 8.2 Billion in 2022 to US$ 14 Billion in 2032 & is anticipated to have a steady CAGR of 5.5% during the period 2022-2032. The growing investment in dealer management systems, rising acceptance of cloud technology, and the move from paperwork to automation are propelling the dealer management system market forward.

Furthermore, rising demand for improved inventory management, improved sales tracking, enhanced CRM, improved commission and insurance calculation, and technological advancements in dealer management systems with the incorporation of artificial intelligence (AI) and data analytics capabilities will drive the global dealer management system market growth in the coming years.

The COVID-19 pandemic condition caused several countries to implement lockdown in 2020, wreaking havoc on their companies and forcing the closure of vehicle dealerships.

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KEY TAKEAWAYS:

The On-Premise from the dealer management system market is expected to grow at the fastest CAGR of 5.1% in the deployment type sector.
Transport & Logistics is expected to grow at a high rate in the end user sector of the dealer management system market, with a CAGR of 6%.
The market size for dealer management systems in the United States is expected to reach US$ 4.3 Billion by 2032, growing at a CAGR of 6% during the research period.
United Kingdom is expected to reach a market size of US$ 0.9 Billion in the dealer management system by 2032, with a CAGR of 5.1% during the research period.
China’s dealer management system market is expected to be worth US$ 0.7 Billion by 2032, with a CAGR of 3.2% over the forecast period.
Japan is expected to have a market size for the dealer management system of US$ 0.7 Billion by 2032, with a CAGR of 6.2% during the research period.
By 2032, India is expected to reach a market size of US$ 0.6 billion in dealer management systems, with a CAGR of 7.1% during the research period.

A list of Key Players Covered in the Dealer Management System Market are:

Adam Systems
BiT Dealership Software, Inc.
Blue Skies Business Solutions Inc.
CDK Global LLC.
Dealertrack Inc.

Dealer management systems assist car dealers in staying current on dealer management system market trends and developments. As a result, the decline in dealer activity has slowed the growth of the dealer management systems market.

However, security worries stemming from a lack of cyber security safeguards are impeding dealer management system market expansion. Real-time insight, simpler company processes, and engaging customer engagement are all driving the worldwide dealer management system market forward.

Dealer management systems power new and used car sales, repair and maintenance services, consumer finance, and vehicle and parts inventory management. They also provide financial reporting, cash flow management, and payroll services.

The system connects to OEM data processing systems, allowing automobile merchants to order vehicles and components, process warranties, and receive vehicle records. The automobile industry’s widespread use of new dealer management systems is fueling dealer management system market expansion.

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Recent Developments

Tekion Corp. will launch the Automotive Retail Cloud, a cloud-based platform that includes all of the features of a dealer management system, in February 2020. It connects important industrial players, allowing them to enhance operational savings.
DealerSocket, Inc. announced the purchase of Auto/Mate, a dealer management system supplier for automobile dealerships, in January 2020. Combining Auto/powerful Mate’s dealer management system with DealerSocket’s goods, gives auto dealers a one-of-a-kind platform that combines innovative software with the best service.
CDK Global, Inc. will launch Neuron, a Big Data platform linked to the Fortellis automobile commerce exchange, in 2021. The Neuron is intended to transform large amounts of industry data into useful insights for dealers, original equipment manufacturers (OEMs), and third-party software developers.
Integrated Dealer Systems (IDS) will introduce Service360 in 2020 to assist dealers in revolutionizing their service and reducing repair event cycle time (RECT). The IDS Service360 is a complete service solution that works in tandem with the IDS Astra G2 dealership management system.

Key Segments

By Deployment Type:

On-Premises
Cloud

By End User:

Transportation and Logistics
Agriculture
Construction
Oil & Gas
Mining
Marine
Motor Sports

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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3D Mapping and Modeling Market to be Worth US$ 18.2 Billion by 2032, Get Insights FMI

The 3D mapping and modeling market revenues were estimated at US$ 4.4 Bn in 2021 and are anticipated to grow at a CAGR of 13.8% from 2022-2032, according to a recently published FMI report. By the end of 2032, the market is expected to reach US$ 18.2 Bn. The software has applications in various industries which are adopting 3D mapping and modelling technologies.

Software tools 3D Mapping and Modeling held the largest share in the market and this trend is likely to be continued due to the predicted CAGR of 13.3% in the next ten years. Market growth is expected to be fueled by the growing demand for software tools for 3D mapping and modeling owing to its demand which was being driven by its utility in area like IT, medical and engineering.

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Key Takeaways from the Market Study

Global 3D mapping and modeling market is expected to reach a market size of US$ 18.2 Bn by 2032.
In 2022, 3D mapping and modeling market value in the U.S. is estimated at US$ 1.8 Bn.
Software tools of 3D mapping and modeling held the largest share in the market.
Cloud deployment of 3D mapping and modeling is expected to show the highest potential for growth among the deployment modes. It is expected to grow at a rate of about 13% from 2022 – 2032.
U.S., being the key market is expected to hold prominent market share and grow at a CAGR of 13.6% during 2022 – 2032.

“The execution of 3D mapping and modeling in virtual reality products in different ventures is expected to develop the clients’ interest which can catalyze the market ahead”, comments FMI analyst.

What Factors are leading to Growth of the 3D Mapping and Modeling industry?

Growing demand of 3D mapping and modeling in construction industry is one of the key factors driving the market growth. Different areas like medical, civil, automotive, among others, further contributes to the increasing sales of 3D mapping and modeling solutions.

3D mapping and modeling utilized in plotting of streets and buildings, spans, and its expanding attachment with augmented reality applications has kept the demand aloft. Furthermore, entertainment and gaming end-uses have additionally affected the sales of 3D mapping and modeling market. Increasing demand for 3D Animation used in smart technologies will also contribute towards the growth of 3D mapping and modeling revenue during the forecast period.

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Who is winning?

A number of regional and global players operate in this market. These companies compete based on the innovation of their products, their quality, their brand reputation, and their market presence in order to sell their products through various industries. A variety of strategies are being employed by companies to remain competitive.

In Sept, 2020, Autodesk announced Navisworks and BIM 360 Integration for Enhanced Coordination Workflows. Navisworks is one of the BIM solutions that serves design and construction users with the ability to completely review integrated models and data for enhanced control over project planning and outcomes.
In Nov, 2019, Trimble announced that its browser-based viewer Trimble Clarity is now offered as a stand-alone web application, which has been designed to simplify the visualization and navigation of 3D data

Market Segments Covered in 3D Mapping and Modeling Industry Analysis

By Component:

Software Tools
- 3D Mapping
- 3D Modeling
Services
- Professional Services
- Managed Services

By Deployment Mode:

Cloud
On-premises

By Organization Size:

SMEs
Large Enterprise

By Vertical:

Retail and Consumer Goods
Engineering and Construction
Healthcare and Life Sciences
Transportation and Logistics
Government and Defence

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Computer Graphics Market to Surpass US$ 406.3 Million by 2032, Says FMI

The global computer graphics market is estimated at US$ 178.7 Million in 2021 and is projected to reach US$ 188.9 Million by 2022. The market is expected to reach US$ 406.3 Million by 2032 while recording a CAGR of 8% during the forecast period from 2022 to 2032.

With the increasing usage of 3D animation and image processing in entertainment, media, and other applications, and the growing demand for computing software in industries such as automobiles, e-commerce, construction, and other manufacturing sectors, this market is predicted to grow in the coming years.

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Key Takeaways:

The global computer graphics market is currently valued at US$ 406.3 Million, with a CAGR of 8% during the forecast period.
Hardware components to expand at a CAGR of 7.9% during the forecast period
In the U.S., the market is predicted to reach US$ 132.5 Million while growing at a CAGR of 7.7% during the forecast period.
The entertainment application market will grow at an 8.2% CAGR during the forecast period.
China recorded a CAGR of 9.5% CAGR during the forecast period.
Japan is expected to reach a CAGR of 9.1% during the forecast period between 2022 and 2032.

Competitive Landscape

Key Players that have been profiled in the report are Advanced Micro Devices (AMD) Inc., ARM Ltd., Intel Corporation, Imagination Technologies Limited, and Nvidia Corporation. Innovative products and technologies will allow customers to benefit from new technologies.

In February 2022, Intel Corporation and Tower Semiconductor announced a definitive agreement for the acquisition of Tower by Intel at $53. The deal represents a value of about $5.4 billion. Intel’s acquisition of RDI further enhances its IDM 2.0 strategy, enabling the company to address unprecedented industry demand by increasing its manufacturing capacity, expanding its global footprint, and diversifying its technology portfolio. In an era of unprecedented demand for semiconductors, Intel will be able to offer a compelling bundle of leading-edge technologies and differentiated specialties on mature nodes, enabling new business opportunities for existing and future customers.
In March 2022, It has been greatly anticipated that Intel would release its Arc Alchemist graphics cards despite the ongoing GPU shortage, and the launch date has finally been announced. The first release of GPUs will be aimed at laptops, and an official Intel Arc event is scheduled for the announcement of these GPUs. A special page has been added to the Intel website for the event, with the teaser “A New Stage of the Game”. This video explicitly states that “we’ll get the first look at Intel Arc graphics on laptops and the first look at our new discrete graphics”.

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More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global computer graphics market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

Key Segments Covered In The Computer Graphics Market Report

Computer Graphics by Component:

Computer Graphics Hardware
Computer Graphics Application software

Computer Graphics by Application:

Computer Graphics for CAD
Computer Graphics for Image Processing
Computer Graphics for Entertainment (3D/Animation/Visual Effects (VFX))
Computer Graphics for User Interfaces
Computer Graphics for Other Applications (Education Graphics, etc.)

Computer Graphics by Region:

North America Computer Graphics Market
Europe Computer Graphics Market
Asia Pacific (APAC) Computer Graphics Market
Middle East and Africa (MEA) Computer Graphics Market
South America Computer Graphics Market

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Computer Peripherals Market Size & Share | Global Industry Report for 2022 – 2032

The global computer peripherals market is anticipated to garner US$ 1,216.9 Billion while expanding at a CAGR of 10.6% during the forecast period. The market is estimated at US$ 407.1 Billion in 2021 and US$ 443.3 Billion in 2022. Decreasing prices of consumer peripherals devices are expected to play a salient role in driving the market during the forecast period.

Other salient factors include increased disposable income and surging demand for external storage devices. Moreover, increasing digitalization in education institutions is significantly driving the market in the forecast period. Students can also enrol in various courses provided by other online course providers like Udemy, Coursera, BYJYU’s, edX, and Unacademy, among others. Therefore, rising digitalization, especially, among emerging nations is likely to bolster the market size in the assessment period.

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Rising strategic partnerships and acquisitions are projected to offer a significant boost to the market in the assessment period. For instance, in March 2020, BluPeak, a PC and hardware player, signed an agreement with Dicker Data. Such initiatives are expected to shoot up the market growth graph in the coming time.

Key Takeaways:

The global peripherals market to value US$ 407.1 Billion in 2022.
The global peripherals market to record a 10.6% CAGR from 2022 -2032
The global peripherals market to value US$ 1216.9 Billion from 2022 – 2032
The market in the U.S to value US$ 248 Billion, exhibiting 9.6% during the forecast period
Market in India to garner US$ 62.8 Billion, expanding at a 12% CAGR
Japanese market to secure US$ 50.1 Billion while flourishing at 12% by 2032
The Commercial segment to expand at 10.2% CAGR
The Storage device segment to record an 11% CAGR

Competitive Landscape

Key players in the global peripherals market include Hewlett-Packard Enterprise Canon Inc., Dell, Inc., Apple, Inc., and Seiko Epson Corporation, among others.

Recent key developments among players are:

In April 2022, Espon disclosed its new A4 Desktop color multifunction printer for Eco-conscious businesses.
In April 2022, Dell, Nvidia, AMD announced to power the new Ohio AI compute cluster. The Ohio Supercomputer Center (OSC) will construct a new high-performance computing cluster for AI applications based on Dell hardware with AMD Epyc processors and Nvidia accelerators.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Computer Peripherals market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Covered In The Computer Peripherals Industry Survey

Computer Peripherals by Connectivity:

Wired Computer Peripherals
Wireless Computer Peripherals

Computer Peripherals by End Use:

Computer Peripherals for Residential Use
Computer Peripherals for Commercial Use

Computer Peripherals by Product Type:

Computer Peripheral Input Devices
Computer Peripheral Output Devices
Computer Peripheral Storage Devices

Computer Peripherals by Region:

North America Computer Peripherals Market
Europe Computer Peripherals Market
Asia Pacific Computer Peripherals Market
Middle East & Africa Computer Peripherals Market
South America Computer Peripherals Market

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Call Center AI Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

The Call Center AI Market is poised to grow at a stable CAGR of 13.5%, reaching US$ 6 Billion by 2032 from US$ 1.3 Billion in 2021. Growing client involvement through social media platforms, as well as increased data collection through the Internet of Things (IoT), social media, and developments in imaging technologies, are major growth factors for the call centre AI market.

Due to the growing necessity for organizations to replace old infrastructure to build a more flexible approach to customer interaction during the COVID-19 pandemic, the usage of sophisticated call centre software solutions has surged. Customer engagement success has historically been judged by the precision and speed with which requests are addressed, which is driving demand for call centre AI.

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Factors such as the increased need for improved customer experience and response time, as well as greater data analysis capabilities, are influencing the global call centre AI market. Furthermore, the call centre AI market’s growth is being hampered by expensive installation and training costs, as well as privacy and security concerns.

In certain cases, responding to client inquiries in real-time might be challenging for a customer service representative, as customers may not understand the context of their inquiry. This has necessitated the development of better data analytics skills. The global call centre AI market is growing due to the requirement for better data analytics skills. During the forecast period, an increase in demand among contact centers to integrate social media platforms such as Facebook and Twitter to fulfill the organization’s aim of effective customer service programs is likely to give lucrative chances for call centre AI market expansion.

Platforms for social media have evolved into a vital component of modern businesses. Every firm has been increasing its social media presence in order to reach out to its customers more easily. With internet access and high social media penetration rates, a number of developing nations are seeing a population increase. As a result, firms must modernize how they reach out to customers and respond to their problems on social media platforms, as conventional customer service approaches are no longer applicable in the digital age.

Customers are increasingly using social media channels to communicate with businesses and discuss their experiences. Furthermore, factors such as a large client base, a large number of SMEs, the emergence of the e-commerce sector, and government measures promoting business process automation all contribute to the call centre AI market’s growth.

Key Takeaways:

The solutions from the call centre AI market are expected to grow at the fastest CAGR of 13.1% in the component sector.
 Cloud is expected to grow at a high rate in the deployment type sector of the call centre AI market, with a CAGR of 13.4%.
The market size for call centre AI in the United States is expected to reach US$ 2.1 Billion by 2032, growing at a CAGR of 13.4% during the research period.
 UK is expected to reach a market size of US$ US$ 282.1 Billion in the call centre AI market by 2032, with a CAGR of 12.7% during the research period.
China’s call centre AI market is expected to be worth US$ 346.4 Mn by 2032, with a CAGR of 13% over the forecast period.
 Japan is expected to have a market size for call centre AI of US$ 321.0 Mn by 2032, with a CAGR of 12.5% during the research period.
By 2032, South Korea is expected to reach a market size of US$ 210.8 Mn in the call centre AI market, with a CAGR of 12.1% during the research period.

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Competitive Landscape:

Major vendors in the call center AI market include IBM, Google, Microsoft, Oracle, and SAP.

Microsoft inaugurated the Africa Development Centre (ADC) in Kenya and Nigeria in May 2019 as part of its commitment to cloud technologies across the continent.
IBM and Regions Bank Corporation (US) teamed up in April 2019 to offer IBM Watson AI technology to help improve customer service and aid bankers in their daily duties. Regions Bank uses Watson Assistance in its contact centers to assist both customers and workers, ensuring a great customer experience.
Google updated Dialogflow in February 2019 to make it more dependable, scalable, and accurate. Improved system entity recognition and language support are the two most significant changes. These enhancements are available in both Dialogflow versions (standard and enterprise).

Key Segments

By Component:

Compute Platforms
Solutions
Services
- Training & Consulting Services
- System Integration & Deployment Services
- Support & Maintenance Services

By Deployment Type:

On-premises
Cloud

By Vertical:

BFSI
Media & Entertainment
Retail & eCommerce
Travel & Hospitality
Telecom
Healthcare
Others (Automotive, Government, Manufacturing, Education, and Energy & Utilities)

By Region: