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Applicant Tracking System Market Predicted to Rise Valuation of US$ 3.8 Bn During 2022-2032

The Applicant Tracking System revenues were estimated at US$ 2.1 Bn in 2021 and is anticipated to grow at a CAGR of 5.3% 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$ 3.8 Bn. The growth is attributable to the software’s flexibility in being customized and altered to suit end-user needs.

The program gathers and keeps track of resumes in its database so recruiters may easily access them. Even though they were developed for corporations, applicant tracking systems let organizations change the software to meet their own end-use needs. For instance, in April 2021, the cloud-based recruiting software platform iCIMS and the American staffing firm UKG Inc. announced their collaboration.

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Through the partnership, iCIMS will be able to increase precision and data quality, conserve employee data, speed up decision-making, and ease internal mobility. Hiring managers and recruiters can send new hire insights through the company’s applicant tracking system platform, which quickly synchronizes the employee data to improve the procedures for transfers, new engagements, and rehires.

The Impact of Covid-19 on Applicant Tracking System Market

The COVID-19-related economic crisis increased businesses’ interest in applicant tracking system software. Despite the shutdown, the global market for applicant tracking system expanded by 4.54% in 2020. Due to social distance and rules requiring employees to stay at home, it was difficult to fill open positions that were necessary to keep businesses operational. Remote recruiting was advised in order to keep the hiring process productive and to safeguard both recruiters and candidates.

On the other hand, a shift to virtual recruiting calls for the adoption of technology with plenty of features and sophisticated candidate tracking strategies. Due to the rising popularity of hiring automation and virtual interviewing platforms like Skype, Zoom, and Microsoft Teams, the market for applicant tracking systems has expanded.

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Competitive Landscape

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in Applicant Tracking System market are focused on their alliances, technology collaborations, and product launch strategies. The Tier 2 Players in the market are targeting to increase their Applicant Tracking System market share.

Some of the recent developments of key Applicant Tracking System providers are as follows:

In January 2020, for its HR product line, Jobvite introduced a data science strategy. By ensuring that corporate recruiters have access to the most qualified applicants, this program aims to save time for both candidates and recruiters. Several algorithms and data sources, including corporate and recruiter hiring preferences, are incorporated into this data-driven strategy.

In December 2020, to enhance the company’s Talent Cloud Platform with employee-generated video storytelling, iCIMS recently announced the acquisition of Altru Labs, a mobile video platform.

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Key Players

International Business Machines Corporation
Icims
Oracle
PeopleFluent
Cornerstone
Greenhouse Software
Trakstar Hire
PeopleFluent
SmartRecruiters
Jobvite
ClearCompany
SmartRecruiters

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Applicant Tracking System Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Applicant Tracking System in terms of Component (Software, Services) Deployment (On-premises, Cloud) Organization Size (Small & Medium Enterprises, Large Enterprises) End-Use (IT & Telecommunication, BFSI, Healthcare & Life Sciences, Consumer Goods & Retail, Manufacturing, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Applicant Tracking System Market Segmentation

By Component:

Software
Services
- Training, Support & Maintenance
- Integration & Implementation
- Consulting

By Deployment:

On-premise
Cloud

By Organization Size:

Small & Medium Enterprises
Large Enterprises

By End Use:

IT & Telecommunication
BFSI
Healthcare & Life Sciences
Consumer Goods & Retail
Manufacturing
Others

By Region:

North America
Latin America
Europe
APAC
MEA

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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OTG Pen Drive Market is Anticipated to be Valued at US$ 6880 million, to Grow at a CAGR of 13.7% from 2022 to 2032 | Future Market Insight, Inc.

The OTG pen drive market, which is esteemed at US$ 1898 million as on 2022, is expected to be esteemed at US$ 6880 million by 2032 and is supposed to develop at a CAGR of 13.7% during the estimate time frame.

In this day and age, because of expanding digitalization and utilization of the social and web media by people, the reception of OTG pen drive is growing quickly. The developing interest for cell phones like cell phones and tablets are making the requirement for adequate extra room and is creating the bountiful learning experiences for OTG pen drive market.

With the improvement in the innovation, the actual size of the OTG pen drive is decreasing constantly, making them more compact and subsequently, because of this element, more purchasers are currently ready to purchase OTG pen drives for simple exchange of information to and from PCs, and different gadgets.

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The OTG Pen Drive is a connection point between the cell phones, for example, cell phone and tablets and USB gadgets, and it permits cell phones to go about as a host, permitting other USB gadgets, for example, USB streak drives, computerized cameras, mouse, or console, joined to them. It likewise makes it workable for gadgets to associate straightforwardly to one another.

Besides, numerous capacity arrangement suppliers have now presented USB drives that highlight a miniature USB port notwithstanding support USB in a hurry usefulness, which is setting out the potential development open doors for the OTG pen drive market.

Likewise, different utilizations of OTG pen drive, for example, it empowers the client to interface gadgets like MIDI consoles and regulators, sound contributions for instruments, and to send off a game by interfacing with the telephone are the elements which are driving the interest for OTG pen drives.

OTG Pen Drive: Drivers and Restraints

The increasing number of smartphones which features standard micro-USB port is one the primary factor which is driving the growth of the OTG pen drive market. Also, the rising popularity of printed and secure USB flash drives is fueling the growth of OTG pen drive market.

Moreover, the continuous memory capacity enhancements and demand for high-speed data transfer OTG pen drives are some of the factors which are creating the potential growth opportunities for OTG pen drive market.

One of the major factors which is restraining the growth of the OTG pen drive market is that a number of premium smartphone which do not support the USB on-the-go function. Moreover, device compatibity is also one of the major factors which may hampers the growth of the OTG pen drive market in the near future.

OTG Pen Drive: Segmentation

Segmentation on the basis of storage capacity:

On the basis of storage capacity OTG pen drive Market can be segmented as 4GB, 8GB, 16GB, 32GB, 64GB, and more than 64GB. Among these, 16 GB and 64GB storage capacity OTG pen drives are expected to gain high market share, owing to the rising preference of customers for such storage capacity OTG pen drives.

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OTG Pen Drive: Regional Overview

APAC is expected to the largest market of OTG pen drive owing to the presence of various key players in the region which makes it easier for consumers to get a better reach. North America is anticipated to gain the high growth rate due to the rising need for storage devices and increasing digitalization in the market. The OTG pen drive market in Europe and Latin America is also expected to gain high growth rate due the rapid adoption of smartphones and tablets in the region.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Who are Some of the Key Market Players in the OTG Pen Drive Market?

Some of the key players in the OTG pen drive market are: SanDisk, Kingston, Samsung Electronics Co., Ltd., Toshiba Corporation, Transcend Information, Inc., Sony Corporation, Lexar Media, Inc., ADATA Technology Co., Ltd., Transcend Information, Inc., Verbatim, and Lenovo Group Ltd.

The key market players are mainly focusing on developing a USB flash drive that provides consumer grade security with AES-Hardware encryption in XTS mode to safeguard against BadUSB with Brute force password attacks.

In July 2022, Kingston FURY partnered with Ninjas In Pyjamas as official gaming memory provider. The partnership will majorly focus on generating aspirational content and social media activities for Ninjas in Pyjamas global audience.
In July 2022, Adata had announced that it will unveil its latest products inside an immersive virtual world ‘Meraverse’.

Key Segments Profiled in the OTG Pen Drive Market Survey

By Storage Capacity:

4 GB
8 GB
16 GB
32 GB
64 GB
above 64 GB

By Type:

Micro USB Type B
Lightning Connector
IOS OTG Pen Drives
USB Type C

By Application:

Enterprise
Individual

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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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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Wearable Translator Market is Poised to Register a 3.9% CAGR, to Reach US$ 312.2 million during Forecast 2022 to 2032

The worldwide wearable translator market is ready to enroll a 3.9% CAGR, catching an income portion of US$ 213.1 million of every 2022, to arrive at US$ 312.2 million by 2032.

The worldwide wearable translator market is developing at a quicker pace with significant development rates throughout recent years. It is assessed that the market is probably going to develop essentially during the determined period from 2022 to 2032.

The wearable translator has a resonating battery duration of 24 hours on a solitary full charge. The gadget isn’t associated with a web association so it doesn’t deplete the battery and consequently has a decent battery duration.

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A roaring market which will make language boundary not any more a difficulty. Wearable Translator upholds continuous discourse change. The innovation related with the wearable translator relies upon no kind of web association like the old regular sort of translators in which an individual needs to download the application and afterward various dialects according to the prerequisite which occupies a significant part of the room from the memory of the wireless.

Wearable Translator market: Drivers and Restraints

The primary driver for the wearable translator is the need for real-time translation of one language to other to improve end-user experience. Furthermore, a rapid increase in offline memory development to fulfil escalating customer requirements will also contribute to the growth of wearable Translator market.

Some other advantages like good battery life, voice activation, more than 50,000 words and phrases offline recognition, updates on different languages, easy switching of languages and many other make it a market going out for.

However, the high cost of the device hampers the market growth as most of the applications on the play store supported by the Android operating system are free to use. The other issue which comes up is that the devices are coming up with less number of languages and the words which generally associate with travelling. The new languages for the devices have to be bought for use.

Wearable Translator Market Technology Trends

Technological developments such as offline memory and voice recognition are expected to create opportunities for wearable translator market. Furthermore, software as a component of the translator will help to improve application quality.

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Start-Up Ecosystem

How is the Start-up Ecosystem in the Wearable Translator Market?

There are a limited number of global players in the wearable translator market. Technological innovations and price differentiation are highly competitive in the market. During the forecast period, high competition is expected to reduce the price of wearable translator products. To improve the quality, quantity, technology, services, and price of translator devices, vendors invest in R&D. Additionally, existing global players are increasing their investments to ensure continuous customer-centric product innovation, which is likely to drive the market for wearable translator devices.

How is the Competition Landscape in the Wearable Translator Market?

The wearable translator market is consolidated with a presence of a few strong players from around the globe. Some of the prominent players in the global Wearable Translator market include Logbar Inc., Travis, Pulomi, Waverly Labs, WT2 and others.

Emerging Trends in the wearable translator market are brought about as a result of the major players’ adoption of several growth strategies, including product launches, acquisitions, and collaborations.

Some of the recent developments in the wearable translator market are as follows:

The major wearable translator vendor is Logbar Inc., which has launched its product ILI.
According to reports, Google is working on real-time translation as well, so the barrier to languages will be lifted soon with this technology becoming a general term very soon.

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Wearable Translator Market: Market Segmentation

By Product Type:

Service
Hardware
Software

By Application:

Travel
Business
Retail
Tourism
Others

By Region:

North America
Latin America
Asia Pacific
Europe
MEA

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RF Duplexer Market is Poised to Register a 10.7% CAGR, to Reach US$ 21,623.5 million during Forecast 2022 to 2032 | Report by FMI

The worldwide RF duplexer market is ready to enroll a 10.7% CAGR, catching an income portion of US$ 7,847.3 million of every 2022, to arrive at US$ 21,623.5 million by 2032.

The cellular industry is growing rapidly due to increased lifestyle spending in developed as well as developing economies. Many countries such as US, Canada, India, and China etc. are some of the fastest growing economies which are constantly increasing their spending on communication devices such as smartphones, tablets, and PCs etc. thereby driving the adoption of wireless communication and military devices.

This has led to increasing number of applications of RF duplexers. Presently, there is a rise in demand for RF duplexers in electronic devices such as smartphones, portable PCs, tablets and set top boxes as its offers bi-directional communication.

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RF Duplexer is widely used in application areas such as military & defense, consumer electronics, aerospace, wireless communication etc. which is expected to increase the demand for RF duplexer in the market. Due to its compact size, it can be easily fit into smartphones and other electronic devices which lead to increase in demand of RF duplexer for various integrated solutions.

RF Duplexer Market: Market Dynamics

Rising deployment of LTE networks and increasing demand of RF duplexer in many wireless communication devices is expected to boost the RF Duplexer market. Development of mobile computing devices with advanced functions and multiple wireless bands has created complexity in RF devices. This complexity in RF devices can be a restraining factor for RF duplexer market. The emergence of automated and integrated solutions in electronic devices is the upcoming trend in the RF duplexer market.

RF Duplexer Market: Regional Outlook

North America is expected to hold the largest share of RF duplexer market due to the increasing wireless communication industry in this region. Asia Pacific is the fastest growing region due to technological advancement in wireless industry that creates huge opportunities in cellular segment which is expected to contribute major growth in RF duplexer market. Europe is projected to contribute to the growth of RF duplexer market in the forecast period due to the presence of RF duplexer provider in countries such as Italy, UK, and Germany.

How is the Competition Landscape in the RF Duplexer Market?

Few prominent players in the RF Duplexer market include Bird Technologies, Arrow Electronics, Inc., CTS Corporation, Qorvo, Inc., Wainwright Instruments GmbH, Anatech Electronics, Inc., Microwave Filter Company Inc., Renaissance Electronics & Communications, LLC, TDK Corporation, DFINE Technology Co., Ltd., Westell Technologies, Inc. and Broadcom Ltd.

Emerging Trends in the RF duplexer market are brought about as a result of the major players’ adoption of several growth strategies, including product launches, acquisitions, and collaborations.

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Segmentation RF Duplexer market

By Product Type:

Indoor Monitor
Outdoor Monitor

By End-User:

Petrochemicals
Residential
Commercial
Power Generation
Other End Users

By Pollutant Type:

Physical Pollutants
Chemical Pollutants
Biological Pollutants

By Sampling Method:

Manual
Continuous
Intermittent

By Region:

North America
Latin America
Asia Pacific
Europe
MEA

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Healthcare Contact Center Solution Market is Anticipated to Reach US$ 40,877 million, Growing at a CAGR of 19.7% during Forecast 2022 to 2032

The worldwide healthcare contact center solution market is supposed to arrive at a market worth of US$ 6,762 Million out of 2022, further collecting a market worth of US$ 40,877 Million by enlisting a CAGR of 19.7% in the estimate period 2022-2032. The market for healthcare contact center solutions enrolled a CAGR of 18.1% in the verifiable period 2016-2021.

The demand for healthcare contact center solutions is growing with a high pace as most of hospitals are continuously looking for innovative ways to engage with their existing and potential customer. Moreover, the adoption of innovative contact center technology solutions enable hospitals to streamline their operational efficiencies.

Moreover, healthcare contact centre solutions offers hospitals several benefits such as proactive web engagement, balance patient care, and improved payment and collection process in order to improve healthcare customer experience.

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Healthcare Contact Center Solutions Market: Drivers and Restraints

The rising adoption of cloud based solutions and services in contact centers is turning to the major factor driving the healthcare contact center solution market. Moreover, the market has experienced significant growth owing to increasing areas of application in hospitals, which is becoming necessity to shift their IT infrastructure to the cloud in future. Moreover, cost reduction is also one of the major factor driving the market in positive manner.

Compliance and regulatory issues are the major challenges faced by most of the vendors in healthcare contact center solutions market.

Global Healthcare Contact Center Solutions Market: Market Segmentation

Segmentation Overview

Global Healthcare Contact Center Solutions Market can be divided into five segments, on the basis of deployment type, application, service, enterprise type and region.

Segmentation on the basis of the deployment type for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the type include: On-premises and cloud based.

Segmentation on the basis of the application for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the application include: workforce optimization, customer relationship management, interactive voice response, and others.

Segmentation on the basis of the service for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the services include: professional and managed services.

Segmentation on the basis of the enterprise type for Healthcare Contact Center Solutions Market as:-

The major segments of Healthcare Contact Center Solutions market on the basis of the enterprise type include: SMB’s and Large Enterprises.

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Global Healthcare Contact Center Solutions Market: Regional Outlook

On the basis of geography, Healthcare Contact Center Solutions market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, the Healthcare Contact Center Solutions market in North America is expected to dominate during the forecast period owing to the deployment of cloud based contact center solutions by small and large enterprises in healthcare industry. North America region is expected to be followed by Western Europe, Japan and APAC.

Market Competition

Some of the major players of the healthcare contact center solution market are Genesys, Aspect Software, Invensys, DATAMARK Incorporated, Aspect, Ozonetel, and Virtusa Corporation.

In September 2021, IQVIA, a global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry, announced it has added new AI-powered technologies to enhance its existing Medical Information (MI) Contact Center services.
Life science companies use IQVIA’s MI Contact Center services to share information about new products and related therapeutic areas as well as monitor product quality and safety. This is done through teams of skilled agents responding directly to inquiries from consumers, patients, and healthcare professionals (HCPs) around the world.
IQVIA’s MI Contact Center services now deploy AI-powered virtual agents alongside skilled human agents to triage and respond to inquiries. This combination of AI-powered agents and human agents creates faster response times and reporting of adverse events or quality concerns.

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Key Segments Profiled in the Healthcare Contact Center Solution Industry Survey

Healthcare Contact Center Solution Market by Deployment:

On-premises Healthcare Contact Center Solutions
Cloud-based Healthcare Contact Center Solutions

Healthcare Contact Center Solution Market by Application:

Healthcare Contact Center Solutions for Workforce Optimization
Healthcare Contact Center Solutions for Customer Relationship Management
Healthcare Contact Center Solutions for Interactive Voice Response
Healthcare Contact Center Solutions for Other Applications

Healthcare Contact Center Solution Market by Service:

Professional Healthcare Contact Center Solutions
Managed Healthcare Contact Center Solutions

Healthcare Contact Center Solution Market by Enterprise Type:

Healthcare Contact Center Solutions for SMB’s
Healthcare Contact Center Solutions for Large Enterprises

Healthcare Contact Center Solution Market by Region:

North America Healthcare Contact Center Solution Market
Latin America Healthcare Contact Center Solution Market
Europe Healthcare Contact Center Solution Market
Asia Pacific Healthcare Contact Center Solution Market
Middle East & Africa Healthcare Contact Center Solution Market

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Hall-Effect Current Sensor Market is Projected to Reach the Valuation of US$2765.0Million during Forecast 2022 to 2032

Worldwide hall-effect current sensor market request is expected to be esteemed at US$1128.0Million in 2022, estimate to develop at a CAGR of 9.4%to be esteemed at US$2765.0Million from 2022 to 2032. Development is credited to the rising interest in end-use enterprises like modern mechanization, car, and customer hardware. From 2016-2021 a CAGR of 7.4% was enlisted for the hall-effect current sensor market.

Covering a gamut of applications, Hall-Effect Current Sensor derives its applications in solar inverters, solar panel tracking, motor current sensing, robots, machinery, conveyor belts, escalators, moving cranes, consumer electronics devices and automotive. The growing need for current measurement rises the demand for Hall-Effect Current Sensors.

Current measurement is necessary for a variety of applications in various industries. Hall-Effect Current Sensor is a magnetic sensor which can sense current in any device and works on Hall Effect principle, which states that if a current carrying conductor is placed near a magnetic field, a voltage will be generated which will be directly proportional to the product of the current and magnetic field.

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Global Hall-Effect Current Sensor Market: Market Dynamics

Rising use of fully programmable current sensors due to the continuous technological advancements and the developmental strategies implemented such as contracts and agreements, product developments, partnerships, and expansions implemented by competitive players are the primary factors driving the growth of the market.

Also Hall Effect sensors offer various benefits such as high speed operations, broad operating temperature range, ease of use, cost effectiveness, robust & reliable performance with logic compatible input and output. These are some necessary features are required for the advanced electronics which we use today.

Also the Hall-Effect Current Sensor is a critical component in almost every industry. Like in automotive industry the Hall-Effect Current Sensor is used for applications such as current control, protection of devices from overcurrent, and power management including control of motor drives, converter control, overcurrent protection, and battery management. Also the rising demand for electric vehicles is expected to drive the market in near future.

However, low cost Hall-Effect Current Sensor with poor performance can thwart the growth of Hall-Effect Current Sensor market.

Global Hall-Effect Current Sensor Market: Regional Outlook

Regionally, the global Hall-Effect Current Sensor market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

The APAC region is expected to be the fastest-growing region for Hall Effect current sensors market. The major reason being the increasing adoption of Hall Effect current sensors is in automotive industries. While North America, an early adopter of the technology exhibited a significant growth, the trend expected to continue over the forecast period.

In the developed economies of the US and Canada, there is a high focus on innovations obtained from Research and Development (R&D) to increase accuracy and thus is expected to boost the market growth.

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Global Hall-Effect Current Sensor Market: Competition Landscape

The key vendors in the global Hall-Effect Current Sensor market are ABB Ltd, Honeywell International, Inc., STMicroelectronics N.V., Allegro MicroSystems LLC., Asahi Kasei Microdevice Corporation, Infineon Technologies AG, Melexis NV, LEM Holding SA, TDK Corporation and Kohshin Electric Corporation. Collaborating with other manufacturers in the Hall Effect current sensors market is the key strategy followed by major market vendors to gain competitive edge.

In February 2021- Allegro Microsystems, Inc. introduced the A17700, an automotive-grade interface IC for resistive bridge pressure sensors featuring top-of-the-line signal conditioning algorithms. The A17700 delivers premium performance and increased system efficiency with flexible interface options – all in a small form factor.
In June 2020, Allegro MicroSystems, LLC introduced an advanced hall-effect current sensor with accurate 400 kHz Current Sensor IC with 5 kV isolation rating. Enabling more efficient power conversion in higher frequency switching applications, the ACS37002 has 400kHz sensing bandwidth up to 180 A with low offset and better than 1% typical total accuracy over the full –40°C to 150°C auto temperature range.

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Key Segments Profiled in the Hall-Effect Current Sensor Industry Survey

Hall-Effect Current Sensor Market by Technology:

BiCMOS
CMOS
High Power Dissipation
Low Input Density
High Current Drive

Hall-Effect Current Sensor Market by Industry:

Industrial Automation
Automotive
Consumer Electronics
Telecommunication
Utilities
Medical
Railways
Aerospace & Defense

Hall-Effect Current Sensor Market by Region:

North America Hall-Effect Current Sensor Market
Latin America Hall-Effect Current Sensor Market
Western Europe Hall-Effect Current Sensor Market
Eastern Europe Hall-Effect Current Sensor Market
Asia Pacific Hall-Effect Current Sensor Market
Japan Hall-Effect Current Sensor Market
Middle East and Africa Hall-Effect Current Sensor Market

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Digital Radio Frequency Memory (DRFM) Market is Expected to Expand at a CAGR of 12.7% during Forecast 2022 to 2032 | Report by FMI

The worldwide digital radio frequency memory (DRFM) market is supposed to collect US$ 982.4 Million in esteem by 2022-end. During the figure time frame going from 2022 to 2032, a CAGR worth 12.7% has been anticipated for the market, with a normal shutting esteem worth US$ 3,249.4 Million. During the 2016-2021 verifiable period, the business developed at a worth CAGR worth 11.1%.

Today, DRFM (Digital Radio Frequency Memory) has become center of a large portion of the electronic sticking framework. DRFM (Digital Radio Frequency Memory) based electronic frameworks are every now and again introducing in different protection stage, for example, ground-based military units, naval force boats and others which are at last powering the development of DRFM (Digital Radio Frequency Memory) market.

Furthermore, the significant development of the airborne electronic fighting frameworks and the mechanical headway in Military Radars are the huge variables which are driving the development of DRFM (Digital Radio Frequency Memory) market.

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Additionally, the need to foster DRFM (Digital Radio Frequency Memory) based jammers for Unmanned Aerial Vehicle (UAV) or Drone applications and high level electronic fighting frameworks to recognize and counter muddled sensors are driving the development of DRFM (Digital Radio Frequency Memory) market.

In DRFM (Digital Radio Frequency Memory) technique high-speed sampling and digital memory is used which helps to store frequency and microwave signals. DRFM (Digital Radio Frequency Memory) technique is becoming popular for the implementation of false-target Electronic Attack systems which is driving the growth of DRFM (Digital Radio Frequency Memory) market. Moreover, the advent of Cognitive Electronic warfare technology is key factor fueling the growth of DRFM (Digital Radio Frequency Memory) market.

DRFM (Digital Radio Frequency Memory): Drivers and Challenges

Drivers

The technological advancement in electronic warfare equipment and the need to upgrade older platforms are the significant factors driving the growth of DRFM (Digital Radio Frequency Memory) market. Moreover, the increased usage of DRFM (Digital Radio Frequency Memory) jammers in aircraft, navy and others for protection against enemy radar-based tracking is also one of the factor which is driving the growth of DRFM (Digital Radio Frequency Memory) market.

Apart from this, the increasing defense expenditure of developing countries like China, India & others and the increasing transnational disputes which leads to increasing usage of Military warfare equipment are also driving the growth of DRFM (Digital Radio Frequency Memory) market.

Challenges

The reduction in the defense expenditure of developed nations is the major factor which hinders the growth of DRFM (Digital Radio Frequency Memory) market.

“Mounting popularity of technological advancements in electronic warfare equipment in developed countries like United States & Germany and soaring defensive system expenditures in developing countries boost the demand for Digital Radio Frequency Memory.”

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DRFM (Digital Radio Frequency Memory): Competition Landscape

Some key players in the digital radio frequency memory (DRFM) market are Mercury Systems, Airbus Group, Northrop Grumman Corporation, BAE Systems Plc, Leonardo SPA, Curtiss-Wright Corporation, Israel Aerospace Industries, and others. The key development in the Digital Radio Frequency Memory (DRFM) market is as follows:

In November 2021, Mercury Systems has launched the JTS0100. It has up to four independent channels, advanced DRFM (digital radio frequency memory), and can be set up in less than an hour to create a complete training solution.
A Danish F-16 conducted a series of flight demonstrations of the Leonardo Compact Jamming System (CJS) integrated into Terma’s ECIPS-pylon in late October 2021. The two companies are now ready to offer potential customers an integrated solution.

DRFM (Digital Radio Frequency Memory): Regional Overview

On geographic basis, North America will be the largest market for DRFM (Digital Radio Frequency Memory) due to rapid adoption of advanced technologies defense segment. APAC market will be the fastest growing DRFM (Digital Radio Frequency Memory) market due to the presence of various key players with increasing spending on defense such as China, India, Japan, and South Korea. Europe and Latin America also offers potential growth opportunities in DRFM (Digital Radio Frequency Memory) market due the rise in cognitive electronic warfare technology.

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Key Segments Covered in the Digital Radio Frequency Memory (DRFM) Industry Survey

Digital Radio Frequency Memory (DRFM) Market by Application:

Digital Radio Frequency Memory for Electronic Protection of Platforms
Digital Radio Frequency Memory for Wideband Receivers
Digital Radio Frequency Memory for IFMs
Digital Radio Frequency Memory for Cross-Eye Jamming
Digital Radio Frequency Memory for Communication System Jamming

Digital Radio Frequency Memory (DRFM) Market by Architecture:

Digital Radio Frequency Memory Processor
Digital Radio Frequency Memory Modulator
Digital Radio Frequency Memory Convertor
Other Digital Radio Frequency Memory Architectures

Digital Radio Frequency Memory (DRFM) Market by Region:

North America Digital Radio Frequency Memory (DRFM) Market
Latin America Digital Radio Frequency Memory (DRFM) Market
Europe Digital Radio Frequency Memory (DRFM) Market
Asia Pacific Digital Radio Frequency Memory (DRFM) Market
Middle East & Africa Digital Radio Frequency Memory (DRFM) Market

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Woodworking Tools Market Comprehensive Shares, Historical Trends And Forecast By 2029 | FMI

The market for woodworking tools is a thriving one. Woodworking tools and equipment, ranging from large machinery to handheld tools, are used to manufacture essential products with increasing precision, quality, and scale. Rising housing construction and renovation activity will support future demand for woodworking tools.

Future demand for woodworking tools will be supported by rising housing construction and renovation activity. Aside from that, the trade war between China and the United States is expected to dampen consumer sentiment and slow retail sector growth, both of which will have a direct impact on demand for woodworking tools. Additionally, online sales of woodworking tools are expected to skyrocket.

The massive internet population and the rapid adoption of online shopping by consumers all over the world have contributed to the phenomenal growth of online sales. Nonetheless, DIY or consumers interested in woodworking as a hobby are likely to remain concentrated in a few areas of Europe and North America. Following that, the study intends to examine the most recent trends, dynamics, and potential strategies in the global woodworking tools market.

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Global Woodworking Tools Market: Dynamics

Small and medium-sized businesses (SMEs) predominate in the furniture industry and woodworking tool market, which is traditionally labor-intensive and has a complex, fragmented supply chain. Handheld woodworking tools are frequently distributed through wholesale or retail channels because they typically require much lower initial investments from end users.

However, many nations now have to contend with a more difficult global macroeconomic environment, escalating global competition, and rising costs. Increasing home improvement projects in many parts of the world are likely to attribute to the growth of the woodworking tools market. Moreover, building an efficient supply chain and brand management are the key capabilities addressed by the downstream players in the furniture market.

Global Woodworking Tools Market: Regional Outlook

Nearly a quarter of the world’s furniture is manufactured in Europe, translating to a huge demand for woodworking tools. Germany, Italy, Poland, and France are ranked among the prominent furniture producers worldwide and held a significant share in the woodworking tools market as well. In the last decade, the growth of the furniture market in China has been impressive, turning China into the world leader.

Subsequently, China is set to observe substantial growth in the coming years and reach new heights in the global woodworking tools market. India and Brazil are foreseen to create hefty demand for woodworking tools against the backdrop of robust productive investments by the international furniture players.

Moreover, with the focus on export-driven industrial and furniture production, ASEAN has witnessed an unprecedented period of growth in the woodworking tools market. In addition, foreign investments and expanding urban clusters significantly enhance the woodworking tools market in the target region. Furthermore, the predominant share of the Latin American furniture market is inward-oriented, focusing mainly on domestic consumers. Due to the measures adopted to protect the market the penetration of imported furniture is still very low, reinforcing the domestic woodworking tools market.

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Global Woodworking Tools Market: Key Participants

List of some of the prominent market participants/brands in the global woodworking tools market discerned across the value chain include:

Altendorf GmbH
Makita
Milwaukee
Ridgid
DeWalt
Robert Bosch
Kreg Tool Company
Shanghai AMC Int’l Trading Co., Ltd.
FEIN Power Tools Inc.
Hida Tool

The list of manufacturers and value chain participants in the woodworking tools market will be supplemented during the study.

The research report – woodworking tools presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The study on the Woodworking Tools market also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Woodworking Tools market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

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

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
The Middle East and Africa (GCC Countries, S. Africa, Northern 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 in the Woodworking Tools market. The report – Woodworking Tools provide an 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 Woodworking Tools market segments and geographies.

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Global Woodworking Tools Market: Segments

The global woodworking tools market can be segmented based on operation, product type, end-user, sales channel, and region.

Based on operation, the global woodworking tools market can be segmented as:

Handheld
Power Tools
Electric
Pneumatic

Based on product type, the global woodworking tools market can be segmented as:

Bandsaw
Chisels
Hammers
Planes
Workbench
Sanders
Routers
Dust Collectors
Nail Guns
Fastening Tools
Bench Vice
Drill Presses
Auxiliary Products

Based on end-user, the global woodworking tools market can be segmented as:

Manufacturing/Industrial
Professional
DIY
Residential

Based on the sales channel, the global woodworking tools market can be segmented as:

Offline
Authorized Distributor/Dealer
Mom and Pop Stores
Supermarkets/Hypermarkets
Online

Report Highlights:

A detailed overview of the parent market
Changing market dynamics in the industry
In-depth segmentation of the market
Historical, current, and projected size of the market, regarding volume and value
Recent industry trends and developments
The competitive landscape in the market
Strategies for key players operating in the market and products offered by them
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on the performance of the market
Must-have information for market players to sustain and enhance their market footprint.

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.

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Storm Water Cleaning Services Market to surpass US$ 4,752.4 Mn in 2032 | Future Market Insights

The global storm water cleaning services market is expected to be worth $4,752.4 million in 2032. Storm water cleaning services are in high demand due to their critical role in preserving the health of lakes, streams, and aquatic life. They also help people by preserving the hydrologic cycle.

According to FMI, the Global Storm Water Cleaning Services market is expected to be valued at US$ 3,369.08 Mn in 2022 and to grow at a CAGR of 3.5% from 2022 to 2032.

The providers of stormwater cleaning services also provide additional services like mapping, location, filter cleaning, video inspection & monitoring, pipe cleaning, oil-water separator cleaning, and others.

Because these contaminants can contaminate drinking water, it is critical to remove or clean hydrocarbons, trash, oil, and sediment on a regular basis. Stormwater cleaning service providers help with visual site inspections, pipe inspections, replacing and removing worn-out filters, sediment cleaning, and debris removal from storm drains.

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Root cutting of pipelines, removal of large debris, and excavating sewer and water main breaks are among the stormwater cleaning services that help to reduce safety risks, environmental risks, and costs associated with back-filing excavations.

Storm Water Cleaning Services Market: Region-wise Outlook:

North America is estimated to witness relatively steady growth in the global stormwater cleaning services market, owing to stringent government regulations, increasing spending, and growing awareness among end-users for these resources. Furthermore, Europe is expected to register substantial growth over the forecast period in the global stormwater cleaning services market, due to an increase in urbanization, the presence of global companies, and ever-growing awareness.

The Asia Pacific, with increasing construction and urbanization, is further estimated to register substantial growth in the stormwater cleaning services market during the forecast period. Moreover, increasing services and maintenance for storm cleaning across the Middle East & Africa, and Latin America are expected to further fuel the global stormwater cleaning services market.

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The report covers exhaust analysis on:

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

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
The Middle East and Africa (GCC Countries, S. Africa, Northern 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 an 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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Storm Water Cleaning Services Market: Market Participants:

Some of the market participants involved in the global stormwater cleaning services market are:

STORM WATER SERVICES
Stormwater Maintenance, LLC (SWM)
Northwest Stormwater Management, LLC
SWIMS
DBi Services
SR&R Environmental, Inc.
Hydro International
Ecosol Pty Ltd
Clean Water Services
RIVER CITY ENVIRONMENTAL, Inc.
John’s Sewer & Drain Cleaning

Storm Water Cleaning Services Market: Dynamics:

Different patterns of urban areas lead to interrupted hydrological cycles, inhibited filtration, and peak and higher surface runoff volume flow, primarily due to the higher share of impermeable surfaces such as parking spaces, roads, sidewalks, and others. These peak flows cause stormwater to reach sewage systems quickly in large volumes, and periodically require stormwater cleaning services.

Furthermore, the insufficient capacity of the combined sewage systems collecting sewage and stormwater for handling excess water, thus causing pollution, is further estimated to drive the demand for the stormwater cleaning services market during the forecast period. Growing urbanization, increasing investments by governments across developed nations to resolve these issues, and environmental concerns with natural source conservation programs are further expected to drive the global market for stormwater cleaning services over the forecast period.

However, inefficient command and control regulations owing to the difficulty in customizing and differences at plot level and relatively more expensive to monitor are expected to hamper the growth of the global stormwater cleaning services market during the forecast period.

Seismic Survey Equipment Market Expected to Reach a Valuation of US$ 2.2 Bn by the end of Forecast Period 2022 – 2032

The Seismic Survey Equipment Market revenues were estimated at US$ 1.2 Bn in 2021 and is anticipated to grow at a CAGR of 3.8% 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$ 2.2 Bn.

The key component of the Seismic Survey Equipment Market includes Hardware where the demand growth of Seismic Survey Equipment through Hardware Component was recorded at 4.6% during 2018 – 2021, while it is expected to grow at CAGR of 3.8% during 2022 –2023.

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The demand for global seismic survey equipment is being driven by its usage in hydraulic fracturing for environmental research. The fracking fluid contains chemicals, and the flowback water is contaminated. The need for seismic exploration equipment is predicted to rise as a result of the necessity to measure dangers in gas exploration.

The key factors which are propelling the Seismic Survey Equipment sales are an increase in demand from the oil and gas sector and marine surveys. Throughout the projection period, it is anticipated that the oil and gas industry will continue to dominate the market.

The recent slump in the oil and gas industry has had a significant effect on the market for geophysical equipment and services. After mid-2016, the oil and gas market began to revive, and it really took off in 2017. The price of oil was US$ 75 per barrel in 2018. To fulfill the rising demand for oil and gas on a worldwide scale, investors are anticipated to invest in the exploration of unconventional deposits.

In 2018, the world consumed 4662.1 and 3309.4 Mn tonnes of oil equivalent as fuel according to the report of British Petroleum. In a carbon-constrained environment, it is anticipated that demand for lithium-ion batteries, and solar and wind energy storage systems will increase. This factor is also anticipated to fuel a significant increase in demand for a broad range of minerals and metals. The necessity to discover new hydrocarbon sources is crucial and valuable due to the oil and gas resource’s constant depletion.

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Competitive Landscape

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in the Seismic Survey Equipment market are focused on their alliances, technology collaborations, and product launch strategies. The Tier 2 Players in the market are targeting to increase their Seismic Survey Equipment market share.

Some of the recent developments in the Seismic Survey Equipment market are:

In July 2022, Geospace Technologies Corporation announced a long-term rental deal with SAExploration, a key supplier of maritime geophysical services. The OBX-750E seabed ocean bottom wireless seismic data collection nodes will be rented by SAExploration. Based on the terms of the existing contract, the value of the agreement is estimated to be US$ 12Mn.

In February 2022, in the Asia-Pacific region, an Ocean Bed Nodes (OBN) resource contract with an anticipated length of around 5 months had approved, according to a statement from SeaBird Exploration. The company intends to use the Voyager Explorer on the contract, which would prolong the charter of the unmanned vessel, and the contract is scheduled to begin in April 2020.
In September 2020, Trimble unveiled the new and improved R12i GNSS receiver, which will enable users to complete tasks more quickly and precisely.

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Key Companies Covered

CCG
Geospace Technologies
Ion Geophysical
Mitcham
Wireless Seismic, Inc
Petroleum Geo-Services
Compagnie Generale de Geophysique
Polarcus Limited
Norwegian Petroleum Exploration Consultants

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Cellulosic Ethanol Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Seismic Survey Equipment Market in terms of Components (Hardware, Software and Services)) by Technology, (2D, 3D and 4D), By Location (Onshore and Offshore) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Seismic Survey Equipment Market Segmentation

By Component:

Hardware
Software
Services

By Technology:

By Location:

Onshore
Offshore

By Industry:

Oil & Gas
Others

By Region:

North America
Latin America
Europe
APAC
MEA