Oilfield Chemicals Market | Global Industry Analysis, Size, Share, Growth, Trends And Forecast to 2029

Future Market Insights, in its latest report titled ‘Oilfield Chemicals Market: Global Industry Analysis 2014 – 2021 and Forecast 2022 – 2029,’ offers key insights and analysis of the global oilfield chemicals market. The research study conducts an in-depth analysis and provides key market insights on the oilfield chemicals market for the forecast period (2022–2029).

Based on key insights, the oilfield chemicals market is expected to experience significant demand over the forecast period due to an increase in the number of exploration activities worldwide, owing to an increase in the need for energy across the world. The global oilfield chemicals market is estimated to grow at a CAGR of nearly 4% during the forecast period.

Crude Oil Production and Processing Consumes Voluminous Oilfield Chemicals

The increasing number of exploration projects in the countries of Europe and MEA, such as Russia, Kazakhstan, Saudi Arabia, and several others, is estimated to support the demand for oilfield chemicals. These countries have oil reserves, which, in turn, support the demand for oilfield chemicals.

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Furthermore, APAC is a major market owing to the establishment of new refineries to cater to the growing demand for new units in the country. In addition, the increasing demand for refinery and petrochemical products across various end-use industries is an indication for the future demand for efficient crude oil.

To fulfil the demand for crude oil products, vendors have increased their refinery capacities. Attributing to this, manufacturers of crude oil are focusing on expansions as well as on increasing investments on clean fuel. Moreover, a significant volume of oilfield chemicals is utilized in the production and processing of crude oil.

Oilfield chemical act as the backbone of the refinery sector and oil & gas exploration sector across the globe. To meet this cumulative demand, key players of the oilfield chemicals market are expanding their manufacturing and production facilities to emerging regions, such as India & China, with an aim to reduce the operational cost owing to the abundance of economical raw materials and the availability of low-cost labour and in these regions.

‘Inhibitors’ to Remain Preferred Type of Oilfield Chemicals

  • Segmentation on the basis of product type of oilfield chemicals: The inhibitors segment is projected to lead the global oilfield chemicals market in terms of value, followed by the gas well foamers segment. In terms of growth rate, the H2S scavengers equipment segment is expected to lead the market with an approximate CAGR of 5% over the forecast period
  • Segmentation on the basis of application of oilfield chemicals: The drilling & completion oilfield chemicals segment is projected to lead the oilfield chemicals market by application, and accounts for high demand across the world
  • Segmentation on the basis of terrain type: The onshore segment is estimated to capture a higher market share over the forecast period

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Profitability of Asian Markets for Oilfield Chemicals Continues to Rise

North America is a mature and prominent region with significant demand for oilfield chemicals. Asia Pacific is estimated to emerge as a profitable and high-growth region in the oilfield chemicals market. The demand for oilfield chemicals in these regions is also mainly driven by the rising oil & gas exploration activities in the region.

MEA, Eastern Europe, and Latin America are also projected to be above-average growth regions in terms of volume and value, owing to the presence of already established markets in these regions. The market in the Middle East & Africa (MEA) is expected to experience moderate growth over the forecast period as it is an already established market.

Oilfield Chemicals Market by Category

By Product Type:

  • Inhibitors
  • Lubricants
  • De-Emulsifiers
  • Viscosfiers
  • Gas Well Foamers
  • Biocides
  • H2S Scavengers
  • Others

By Application:

  • Drilling & Completion
  • Cementing Chemicals
  • Stimulation Chemicals
  • Oil Production Chemicals
  • Enhanced Oil Recovery Chemicals

By Terrain Type:

  • Onshore
  • Offshore

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Global Oilfield Chemicals Market: Vendors Landscape

The oilfield chemicals market is moderately fragmented owing to the presence of a large number of local and established players. The report provides details of some of the key players in the global oilfield chemicals market, such as Albemarle Corporation, Akzo Nobel N.V., DowDuPont Inc., Baker Hughes, a GE Company LLC, Halliburton Co., BASF SE, Flotek Industries, Inc., Ashland Inc., Schlumberger Limited, Solvay SA, Clariant AG, GEO Drilling Fluids, Inc. Innospec Incorporated, and Chevron Phillips Chemical Company LLC.

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Classified Platform Market Major Revenue Gain is Predicted During 2022-2032

The global market for classified platforms is anticipated to grow from 8,964.9 million in 2022 to US$ 25,879.2 million by 2032, at a CAGR of 11.2%.

Although the paradigm shift from print to digital has wreaked havoc for the former’s bottom line, it has driven revenues for the latter. As traditional media organisations make the move to digital formats, a new category of websites and apps has had users hooked.

Classified advertising websites, such as Olx, and Groupon have gained massive popularity over the years, influencing new entrants to leverage on the behemoth opportunities available in the market.

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The global classified platform market is currently dominate by online players, and the status quo will only become stronger in the future. Success of online classified platforms, such as Craigslist, Olx, Quickr, Wallapop, letgo, and VarageSale have caught the attention of venture capitalists and budding entrepreneurs.

In addition to e-commerce websites and social platforms, online classified platform market has emerged as a lucrative investment option for angel investors. The global classified platform market has been dominated by Craigslist for over two decades now. However, considering the recent spate of investment in classified ads sector, Craigslist will finally have competition.

However, new entrants in the market will have to quell challenges Craigslist has been grappling with for years – vulnerability to scams and dummy offers. Upcoming players will have to build trust and reliability to stay profitable in the long run.

Round-the-clock costumer support, stringent quality and verification checks, and consumer feedback through ratings and buyer experience are effective ways through which classified ad companies can address some of the challenges prevalent in their market.

Considering the ever-increasing barrage of online threats and hacks, it is imperative for classified ads to have a robust security in place, which offer both preventive and recovery mechanisms.

Increase in smartphone ownership and proliferation of internet in populous countries of the world is expected to have a positive impact on the global classified platform market. Amalgamation of e-commerce and classified will open up the market, posing challenges to the traditional Goliaths, like Craigslist.

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Overall, the global classified platform market is poised for strong growth, with entry of new players, consolidation, and technological innovations expected to grab headlines in the future.

Websites/apps that follow the horizontal mode of operation offer a broad range of products, including mobiles, furniture, books, accessories, real estate, and jobs. Classified ad websites that offer niche services, such as specialised car, consumer electronics, and real estate follow the vertical operation model.

Craigslist Inc., Finn.no, Gumtree (ebay), Quikr India Private Limited (CommonFloor.com), OLX, Inc., Rightmove plc, Backpage.com are some of the key player of the global classified platform market.

Key Segments Profiled in the Classified Platform Market Survey

By Operating Model:

  • Horizontal
  • Vertical

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • The Middle East and Africa
  • Europe

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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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Virtualization Security Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

The Virtualization Security Market revenues were estimated at US$ 1.7 Bn in 2021 and is anticipated to grow at a CAGR of 14.1% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 7.6 Bn.

In competitive business environments, companies are attempting to alter their operations in order to realize their full digital capabilities. The migration of businesses to virtual infrastructure is one of the key factors driving the market growth. Virtualization seems to have a big influence on the Information Technology and networking areas in a short time, resulting in significant cost savings as well as investment returns in data centers.

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Security systems are becoming increasingly popular because to their ability to provide high-quality monitoring with little distortion. Security systems are becoming more popular since they allow for high-quality, distortion-free observation.

The growing emphasis of product producers on the use of new and sophisticated safety technologies, particularly in emerging economies, as well as rising instances of identity fraud and strengthening the IT industry in developing countries such as India and China, will exacerbate market development.

As businesses migrate to the virtual environment to upgrade their legacy infrastructures, they confront a slew of security and integration challenges that can impact system or server performance as well as expenses. When software applications are migrated to the incorrect virtual environment, it results in poorer software performance if the environment is under-equipped or increased corporate expenses if the environment is over-equipped.

Competitive Landscape

The leading players in the global Virtualization Security market include Oracle Corporation, Ericsson Networks, Dell Inc., Juniper Networks, Inc., Altor Networks, Red Hat, Inc., Symantec Corp., Trend Micro Inc., Fortinet Inc., Sophos Ltd, Hewlett-Packard, and Citrix Systems.

  • In February 2020, Sophos, a developer of next-generation cybersecurity solutions announced a new “Xstream” architecture for the Sophos XG Firewall that features high-performance TLS traffic decryption capabilities. Due to the efficiency and complexity considerations, security teams typically ignore a substantial security risk connected with encrypted network traffic.
  • In January 2021, Optum and Change Healthcare, a provider of healthcare technology, announced a partnership. Under this alliance, Change Healthcare would take part in Optum Insight’s data analytics and software services, technology-based services, medical research, and revenue cycle management services to bolster Optum’s Virtualization Security portfolio.

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Market Segments Covered in Virtualization Security Market Analysis

By Component:

  • Solutions
  • Services

By Deployment:

  • On-Premises
  • Cloud

By Organization Size:

  • SMEs
  • Large Enterprises

By End- Use:

  • Service Providers
  • Enterprises

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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About Future Market Insights (FMI)
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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Neopentyl Glycol (NPG) Market | Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2028

Neopentyl glycol (NPG) market is projected to expand at a 4.6% CAGR between 2022 and 2028, totaling a valuation of US$ 1.93 Bn by 2028. Global neopentyl glycol (NPG) consumption was registered over 680 thousand tons in 2018, which is likely to witness a moderate 4.2% Y-o-Y increase in 2019.

As per the findings of a new research study of Future Market Insights (FMI)neopentyl glycol of technical grade currently accounts for over 95% share in the NPG market and will remain dominant over its pharma-grade counterpart through the course of coming years.

Application in Paints & Coatings Accounts for over 60% of NPG Demand

More than 3/5th of the total consumption of neopentyl glycol is registered by applications in paints and coatings industry, as indicated by the report. In recent years, the use of protective coatings in surface finishing and protection applications has been increasing at a considerable pace, which is in turn favoring the demand for neopentyl glycol for incorporation into coating materials.

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Lubricants and insulation materials are likely to remain the next key application areas for manufacturers of neopentyl glycol and NPG based products. The report also foresees relatively promising opportunities lying in the adhesives and sealants category, over the years to come.

Building & Construction Industry to Accommodate Higher Opportunities

While the collective share of NPG consumption by automotive and transportation, and building and construction industries is currently over 75% of the global consumption of neopentyl glycol, FMI’s analysis opines that the latter will accommodate relatively higher opportunistic potential for neopentyl glycol manufacturers.

Moreover, industrial plant and equipment domain is strongly likely to reflect relatively profitable opportunities for the growth of NPG manufacturing companies in the near future. With an approximate share of 3/4th of the total consumption of neopentyl glycol, NPG flakes are highly likely to remain the most preferred form in the global market.

Neopentyl glycol slurry, though also is a choice of form among several end use industry operators, will continue to reflect a gradual growth outlook in the NPG market. High convenience quotient, easy usability, and low maintenance in terms of transportation and application will remain the key growth influencers for neopentyl glycol flakes in the market.

Potential as a Sustainability Vehicle to Propel Consumption of Neopentyl Glycol

The overall growth outlook of neopentyl glycol market will remain promising, majorly owing to a rapid legislative shift toward low/non-VOC chemical compounds, across industries worldwide. Neopentyl glycol is being increasingly explored as a phase change material for potential application in LTHS (latent heat storage) devices, which is cited as a significant opportunity for manufacturers.

In addition, to mitigate the challenges associated with extensive usage of PET (polyethylene terephthalate), the role of neopentyl glycol in the chemical recycling of PET is being tested. According to the report, emergence of such innovative applications will uplift the growth prospects of neopentyl glycol market in coming years.

China, with over a third of the total NPG consumption, is forecast to retain the world’s leading neopentyl glycol supplier – further trailed by the US and Germany. China has also been the most prominent consumer of neopentyl glycol over the years and is likely to discover the highest incremental opportunity in long run, which has been attributed to thriving markets of unsaturated polyesters, coatings and lubricants, and plasticizers within China.

On the other side, Western Europe and North America hold a combined share of around 1/3rd of the total neopentyl glycol consumption in the global market.

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Neopentyl Glycol (NPG) Market By Category

Physical Form:

  • Flakes
  • Molten
  • Slurry

Grade:

  • Pharmaceutical Grade
  • Technical Grade

Application:

  • Paints & Coatings
  • Adhesives & Sealants
  • Lubricants
  • Plasticizers
  • Insulation Materials
  • Others

End-Use Industry:

  • Automotive & Transportation
  • Building & Construction
  • Industrial Plant & Equipment
  • Furniture & Interiors
  • Others

Key Manufacturers Eye Production Capacity Expansion

The global neopentyl glycol market is a fairly consolidated competition landscape, which is currently witnessing a major trend of manufacturing capacity expansion. Apart from BASF-YPC’s highly anticipated 2X NPG production expansion project that will go on-stream by 2020, Oxea GmbH also recently announced the NPG expansion project planned for European base.

Several key players in the market are prominently concentrating on competitive pricing through distribution/supply agreements with regionally leading end use industries.

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The report has covered detailed strategic profiles of some of the leading companies in global neopentyl glycol market, including BASF SE, Eastman Chemical Company, MITSUBISHI GAS CHEMICAL COMPANY, INC., OXEA GmbH, Wanhua Chemical Group Co., Ltd., TCI Chemicals (India) Pvt. Ltd., LG Chem Ltd., Perstorp Holding AB, Shandong Dongchen Ind. Group. Corp., Zouping Fenlian Biotech Co., Ltd., and Hefei TNJ Chemical Industry Co., Ltd.

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About FMI

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 6-years.

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Terrestrial Trunked Radio (TETRA) Market to Achieve A High CAGR Of 11.9% During Forecast Period 2022-2032

According to Future Market Insights’ analysis of the Terrestrial Trunked Radio (TETRA) Market, the market’s global sales in 2016 totaled US$ 4.4 Billion. The market is anticipated to increase by 11.9% between 2022 and 2032, reaching a valuation of US$ 26.8 Bn by that year.

The growing need for encrypted communication and security is one of the key factors driving the market growth. In addition, the widespread use of smartphone apps for community security is pushing up demand for TETRA-compliant equipment. The advanced features of TETRA-compliant equipment, such as inbuilt GPS and navigation, provide users with an exact target position. It also aids data storage and exchange with other customers via networking devices, enhancing communication.

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Since there is a greater need for effective critical communications in public security applications by integrating the characteristics of mobile cellular phones with rapid data transfer, terrestrial trunked radio technology offers significant benefits to mobile communication. Broadband technology advancements have created a significant requirement for TETRA devices to provide improved penetration and consistent outcomes. The railway industry is upgrading infrastructure with radio-based digital signalling and communications services as technology progresses.

TETRA hardware also provides a variety of benefits, including durability and man-down capability. The portable devices category is expected to grow at the fastest pace over the projection period due to features such as durability and size compatibility. The fast adoption of some devices by businesses such as utilities is fueling the regional market, which is supported by the rising requirement for public security and the expansion of IT infrastructure.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Terrestrial Trunked Radio Market are focused on R&D to produce innovative technological solutions.

  • In May 2021, Thales announced the release of the latest version of its Connectivity Software-Defined Radio series, which will aid in the speeding up of collaborative combat.
  • In August 2019, Viasat Inc., a global communications company, revealed that monthly production run speeds for over 200 Non-Developmental Items had been increased.

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Key Companies Covered

  • Motorola Solutions, Inc
  • Airbus Defense and Space Corporation
  • Hytera Communications Corporation Limited
  • JVCKENWOOD Corporation
  • Sepura PLC
  • Simoco Group
  • DAMM Cellular Systems A/S
  • Rohill Engineering BV
  • Bitea Limited
  • Rolta India Limited

Market Segments Covered In Terrestrial Trunked Radio (TETRA) Market Analysis

By Component:

  • Hardware
  • Software
  • Services

By Device Type:

  • Portable
  • Vehicular

By Application:

  • Transportation and Logistics
  • Aviation
  • Oil and Gas
  • Public Safety
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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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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Digitizer Market Industry Overview and Competitive Landscape till 2032

Around US$ 1,452.5 million is the estimated value of the global digitizer market. From 2022 to 2032, the global digitizer market is anticipated to grow at a 16.7% CAGR, reaching a value of US$ 6,786.0 Million.

The digitizer market can be expected to witness a healthy CAGR in the near future, driven by increasing usage of mobiles, tablets, and other devices with embedded digitizers. Mobiles and tablets have become a necessity today. No one can imagine a day without a cell phone.

Here are the main applications of digitizers. A digitizer performs the basic task of converting an analog signal to a digital signal. Digitizers make it easy to create digital artwork and help you develop it in a more accurate way. You can’t rely on your mouse every time. There are several types of digitizers, the most popular being those without a display.

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This digitizer is highly favored by architects and animation designers because it has a special digital pen that can draw data in the most accurate way. Additionally, the growing adoption of e-learning and one-on-one learning is the most followed trend in the digitizer market.

Digitizer Market: Drivers and Challenges

The growing CAD market is one of the major drivers of the digitizer market. Today, as CAD software is used in all industries such as automotive, aerospace and defense, industrial mechanical and electrical and electronic industries, the growing use of CAD software is expected to have a direct impact on the digitizer market. Improved fidelity measurements, signal integrity, and measurement throughput are just a few other factors associated with the growing adoption of digitizers in various fields.

The high cost is a major factor hindering the growth of this market as graphics tablets are quite expensive. A few other options available allow people to avoid the high investments associated with digitizers. As digitizers wear out or become damaged over their lifetime, the associated costs increase when considering repairs and replacements. While this may not be acceptable in the short term, in the long term, preferential investment in industrial applications can be expected to fuel the digitizer market growth.

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Competitive landscape

Wacom, GTCO CalComp, Agilent Technologies, CD-Digitizers, Immersion, Hongke, Spectrum, Aeroflex, ADLINK, Assomac, Han-Bond Group, Aiptek International are the major players in the digitizer market.

Other emerging players in the digitizer market include Bosto, gaomon Technology, Hanwang Technology, PenPower, Shenzhen Ugee Technology, Huion Technology, Tsinghua Tongfang and ViewSonic.

Product innovation

In May 2017, Wacom announced the release of Bamboo Ink, a new smart stylus for Windows Ink Workspace that allows idea creators to capture notes, sketch ideas, or present on documents across Windows Ink and most Windows 10 platforms.

Key Segments Profiled in the Digitizer Industry Survey

Digitizer Market by Type:

  • Digitizer without Display
  • Embedded Display Digitizer

Digitizer Market by Application:

  • Automotive
  • Aerospace & Defense
  • Industrial Machinery
  • Electrical & Electronics

Digitizer Market by Region:

  • North America Digitizer Market
  • Latin America Digitizer Market
  • Europe Digitizer Market
  • Asia Pacific Digitizer Market
  • Middle East & Africa Digitizer Market

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About Future Market Insights (FMI)
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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Blade Server Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

The global market for blade servers is predicted to grow at an estimated CAGR of 8.3% over the course of the forecast period. It is expected to generate revenues of US$ 14,688.4 million in 2022 and US$ 32,678.3 million by 2032. Today, enterprises strive for a combined management platform to streamline every step of IT operations and to speed the delivery of services. A blade server provides such kind of integrated platform in an enterprise by dwelling multiple modules in a single framework.

It operates as a typical stripped-down adaptive server with a modular design that saves space and energy, while refraining many of the traditional storage and I/O functionality typical of rack and standalone server systems. It consists its own processor, memory, storage, and operating system.

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Each blade server in a chassis acts as an independent server and can be dedicated to a single application. Tasks such as file sharing, database and application hosting, virtual server platforms hosting, audio and video content streaming can be achieved by blade servers. A blade chassis blends, share and optimize power and cooling provision, focusing on processing power and memory on each blade resulting in multiple blades in a typical rack.

Blade server results in reduced energy costs and cooling expenses, redundancy, reduced data center footprint, reduced cabling and space saving.

Blade Server Market: Drivers and Restraints

Increase in adoption of virtualized applications, increasing load on data centers, effective utilization of data center space are some of key drivers of blade server market.

Moreover, cost reduction in expenses such as cabling cost, cooling cost, and low power consumption over rack servers are the other major factors contributing to the growth of blade server market.

However, high initial investment for the purchase of blade server unit, complexity involved in installing, and limited expansion and storage capacity are some factors hindering the growth of blade server market.

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Blade Server Market Competitive Landscape

Dell, Cisco, HP Development Company, L.P., Silicon Graphics International Corp., Oracle, Hitachi, NEC Corporation, FUJITSU, Lenovo, and Huawei Technologies Co., Ltd. are some of the key players in blade server market.

Key Companies Covered

  • Cisco Systems Inc.
  • Dell Inc.
  • Hewlett-Packard Company
  • Lenovo Group Limited
  • Fujitsu Limited
  • Hitachi Limited
  • NEC Corporation
  • Silicon Graphics International Corporation
  • Huawei Technologies Co. Ltd.
  • Lenovo Group Limited

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Key Segments Profiled in the Blade Server Market Survey

By Data Center Type:

  • Tier 1
  • Tier 2
  • Tier 3
  • Tier 4

By Services:

  • Professional Services
  • Managed Services

By Application:

  • Cloud Service Provider
  • Telecommunication Service Provider
  • Enterprises

By End Users:

  • BSFI
  • IT and Telecommunications
  • Transportation and Logistics
  • Manufacturing
  • Government and Defence
  • E-commerce
  • Healthcare
  • Energy and Utilities
  • Retail
  • Media and Entertainment

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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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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Spending In Digital Customer Experience and Engagement Solutions Market Report 2032

Global Spending in Digital Customer Experience and Engagement Solutions Market was valued at US$ 375.8 Mn in 2021 and is expected to reach US$ 626.6 Million by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report customer awareness segment by the solution will remain pivotal for the market as the bulk of revenue will be generated through this category. It is projected that the customer awareness segment will account for a CAGR of 4.6% during 2022 – 2032.

The US to Command the Larger Proportion of Spending in Digital Customer Experience and Engagement Solutions Market throughout the Analysis Period

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The US commands over 25% of the market share and is expected to keep that position intact with an absolute opportunity growth of US$ 69.2 Mn to reach a valuation of US$ 174.7 Mn by 2032. By the end of 2019, the Business to Business (B2B) e-commerce was valued at around US$ 6.7 Tn.

Spending in Digital Customer Experience and Engagement Solutions Market: Competition Insights

Currently, Spending in Digital Customer Experience and Engagement Solutions companies are working toward finding a balance between expanding their product portfolio and capitalizing on the growing market demand. The key companies operating in the Spending in Digital Customer Experience and Engagement Solutions market include PLC, Capgemini SE, Cognizant, IBM Corporation, Liferay Inc., MEGA International, Orange Business Services, Tietoevry Corporation, SAS Institute Inc., KOFAX Inc., NCR Corporation, Tata Consultancy Services (TCS) Limited, Zendesk Inc., and SAS Institute Inc.

The key recent developments of Spending in Digital Customer Experience and Engagement Solutions manufacturers are as follows:

· In July 2022, Cognizant announced that it has received a multi-year mandate by the National Insurance Company Limited (NICL) for the purpose of accelerating and managing the agency’s digital transformation.

· In June 2022, it was announced that KOFAX Inc. had acquired Tungsten Corporation, a global B2B e-invoicing network facilitating and streamlining complex invoice-to-pay processes. This acquisition is estimated to aid organizations with every level of maturity pertaining to e-Invoicing.

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In May 2022, the Finnish Border Guard collaborated with Tietoevry Corporation in order to implement a state-of-the-art Maritime Search and Rescue (SAR) Command and Control System for helping the agency’s work by invigorating and digitizing the information exchange between maritime SAR command centers and search and rescue units to provide extensive support to save lives in maritime emergencies.

Key Segments Covered in Market Survey

The Spending in Digital Customer Experience and Engagement Solutions Market is segmented based on business type, touchpoints, industry, enterprise size, solution, and region.

By Business Type:

  • Business to Business (B2B)
  • Business to Consumer (B2C)
  • Business to Business to Consumer (B2B2C)

By Touch Points:

  • Social media
  • Gamification
  • Digital Marketing
  • Mobility

By Industry:

  • Banking
  • Insurance
  • Manufacturing
  • Public Sector
  • Telecommunications
  • Utilities
  • Retail and wholesale
  • Services & Consumers
  • Transport

By Enterprise Size:

  • Small Enterprises
  • Medium Enterprises
  • Large Enterprises

By Solution:

  • Customer Awareness
    • Customer data management platforms
    • Customer Analytics
    • Advertising & Marketing
  • Customer Engagement
    • Personalization/Content Targeting
    • Cross Selling/ Upselling
    • UI Design
  • Purchase and relation
    • Loyalty Programs
    • Transactions/ Sales
    • Virtual Trials/ Displays
  • Support Services
    • Chatbot
    • Self-serve tools
    • Digital surveys
    • Case Management

By Region:

  • North America
    • The US
    • Canada
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
  • The Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Nigeria
    • Egypt
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Colombia

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About Future Market Insights (FMI)
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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Telecom Expense Management Market Size, Share & Forecast | US$ 11.9 Bn by 2032

According to Future Market Insights’ analysis of the Telecom Expense Management Market, the market’s global sales in 2021 were estimated to be US$3.4 billion. The market is anticipated to increase by 12% between 2022 and 2032, reaching a valuation of US$ 11.9 Bn by that time.

Organizations are increasingly using telecom-related services to improve communication across their business divisions, partners, and clients, all of whom are situated in different geographic regions. Companies have been forced to adopt cost-effective Telecom Expense Management services as their telecom expenditures have increased as a result of the integration of the newest telecom-enabled services.

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The growing demand for better mobile banking applications, as well as the increasing usage of IoT devices combined with a shift to 4G networks, efforts to improve APIs for a seamless user experience, and telecom operators’ growing need to utilize their advanced services, are the key factors driving the market growth.

Controlling the telecom environment is a key duty for any business. Telecom Expense Management, or end-to-end TEM, is a practice and toolset used by enterprise businesses to effectively navigate their telecommunication assets, operations, and expenditures. Expense management has become an essential technique for a business’s long-term success. Through automatic connectivity to multiple departments utilizing a variety of apps, telecom cost management aids in the creation of autonomy in expenditure tracking systems.

In the long term, there is less manual overhead and a slower reaction time. TEM programs provide a corporation with an actionable awareness of IT assets and services by improving data visualization. Besides that, in the booming era of LTE and IoT, the rising adoption of advanced technologies, as well as the recent expansion of mobile internet in day-to-day activities, has fueled cutting-edge competitive pressures among various new technologies across BFSI, which may further propel market demand.

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Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Telecom Expense Management Market are focused on R&D to produce innovative technological solutions.

  • In July 2020, Tangoe, a leading provider of business IT cost management and managed mobility services, announced that it has achieved ISO 27001 certification, proving that the firm has been investing in people, processes, and technology to secure the organization’s data.
  • In January 2020, MDSL and Calero Software completed their merger. The merger has an objective to offer the best-in-class solutions to its clients globally.

Key Companies Covered

  • Accenture
  • Anatole
  • CGI
  • Anatole
  • Dimension Data
  • Econocom
  • IBM
  • MDSL
  • Tangoe
  • Valicom
  • Vodafone

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Market Segments Covered In Telecom Expense Management Market Analysis

By Application:

  • Financial Management
  • Order Management
  • Business Intelligence
  • Inventory Management
  • Contract Management
  • Dispute Management
  • Others

By Mode of Delivery:

  • Managed Services
  • Complete Outsourcing
  • Cloud Services

By End-use Adoption:

  • BFSI
  • Retail
  • IT and Telecommunication
  • Healthcare
  • Transportation and Logistics
  • Manufacturing
  • Government and Defense
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

About Future Market Insights (FMI)
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

Contact Us:        
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Ultrasonic Flow Meter Market – Global Industry Analysis and Deeper Insights | FMI

The Ultrasonic flow meters measure the velocity of a fluid with ultrasound to calculate the volume flow. Transmission flow meter, open-channel flow meter, and Doppler flow meter are three types of ultrasonic flow meters.

Ultrasonic flow metres are used to measure liquids that can transmit ultrasonic waves, such as molten metal, water, sulphur, chemicals, and cryogenic liquids. Ultrasonic flow metres are used in a variety of industries, including water and wastewater, oil and gas, chemicals, power, pharmaceutical, food and beverages, pulp and paper, and metals and mining.

To gain a significant market share in the ultrasonic flow metre market, manufacturers are focusing on competitive pricing. Furthermore, strategic mergers and acquisitions, as well as technological innovations, are key focus areas for manufacturers.

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Ultrasonic Flow Meter Market- Competitive Landscape

Titan Enterprises has introduced new software functionality for its MetraFlow and Atrato ultrasonic flow meters to provide customers to move the measurement window to ensure measuring at the optimal point of signal. TASI Group has acquired Sierra Instruments and ONICON. The products offered by ONICON include ultrasonic flow meters, turbine flow meters, energy meters, airflow meters, transmitters and sensors. While Sierra Instruments offers liquid, gas and steam flow meters, flow and level switches, digital mass flow meters and controllers and flow calibrators.

Honeywell International Inc.

Established in 1906, Honeywell International Inc. is located in the US. The company provides consumer and commercial products, aerospace systems, and engineering services. It also provides automotive products, turbochargers, process technology for petrochemical and refineries, advanced materials, and energy efficient solutions and products.

Schneider Electric SE

Founded in 1836, Schneider Electric SE is located in France. The company manufactures automation and energy management solutions. It operates through four businesses including medium voltage, low voltage, industrial automation, and secure power. In 2018, Schneider Electric acquired electrical and automation business from Larsen & Toubro in India.

Cameron International Corporation

Founded in 1920, Cameron International Corporation is located in the US. The company provides processing, pressure control, flow control, compression systems along with the aftermarket services and project management for oil and gas and process industries. The company also provides offshore and onshore platform wellhead system and processing solutions including actuators, valves and chokes.

Endress+Hauser AG  

Established in 1953, Endress+Hauser AG is located in Switzerland. The company provides measurement instruments, automation solutions, and services for the industrial processing engineering in Asia Pacific, Africa, Europe, the Americas, and the Middle East. The company also offers flow metering, field network engineering, analytical solutions, and plant asset management solutions.

Ultrasonic Flow Meter Market Dynamics

Upgradation and Modernization of Refineries to Propel Demand for Ultrasonic Flow Meters

Ultrasonic flow meters are extensively used in the oil refineries, especially in crude oil metering. The need to measure crude oil at various steps during its movement from extraction to the production facility is driving demand for ultrasonic flow meters. Moreover, existing oil refineries are increasingly focusing on upgradation and modernization of refineries which will result in the growing demand for ultrasonic flow meters.

Developing nations across the globe are increasingly investing in the development of refineries. For instance, BPCL, EIL, IOC, and HPCL have announced developing the biggest refinery in India on the west coast which is projected to cost US$ 30 billion. Rise in the capacity of refineries in developing countries is likely to boost the demand for ultrasonic flow meters.

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Manufacturers Developing Portable and Handheld Ultrasonic Flow Meters

Manufacturers in the ultrasonic flow meter market are focusing on providing industry-the specific solutions. New ultrasonic flow meters are being developed with the features as per the requirement of specific industry. Meanwhile, handheld ultrasonic flow meters are finding wide application in measuring dirty fluids and slurries for the chemical, water treatment, and food processing industries.

Manufacturers are also focusing on developing portable ultrasonic flow meters using both transit time and Doppler technologies to measure flow and velocity of liquids. These portable ultrasonic flow meters are witnessing huge demand from the petrochemical and refinery industries to carry survey work in remote locations. Meanwhile, in recent years, solar-powered ultrasonic flow meters have also gained traction owing to the increasing disparities between the demand and supply of electricity.

Availability of Broad Range of Flow Meters to Impact Ultrasonic Flow Meter Market

One of the key factors impacting the growth of the ultrasonic flow meter market is the availability of a wide range of flow meters used across various industries. Moreover, manufacturers in various industries who are using traditional flow meters are avoiding bearing the possible risk and switch to the latest flow meter technologies. This attitude of manufacturers is restraining the adoption and growth of ultrasonic flow meters. However, manufacturers in the ultrasonic flow meter market are focusing on showing the benefits of using ultrasonic flow meters across industries.

About Us:
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.

Contact:
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