Centrifugal Pumps Market Forecast Estimations: USD 29 Bn by 2021

Global sales of centrifugal pumps market Forecast  are set to be valued at over US$ 29 Bn in 2021, at a CAGR of 4.6%, from an estimated USD 24.3 billion in 2021. Increasing investments in construction industry attributing to rapid urbanization, and high demand for centrifugal pumps in the agricultural sector are the key factors driving the growth of the centrifugal pump market.

FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps.

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Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

The presence of numerous Chinese players offering low-priced centrifugal pumps acts as a restraint to most regional and global players. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient and technologically-advanced centrifugal pumps at competitive rates.

Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps particularly in domestic, Water and wastewater treatment industries.

Key Takeaways from Centrifugal Pump Market Study

  • Multi stage pumps are expected to hold over 50% of the global market share, supported by heavy duty requirements of the oil and gas sector.
  • Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
  • The market in the South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
  • The markets in India and South Korea are set to surge at higher than 5% CAGR over the coming decade.
  • Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

“Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercials applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

Centrifugal Pump Market Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in technology developments and the expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

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Find More Valuable Insights in Centrifugal Pump Market

The research report analyzes demand for centrifugal pump. The global centrifugal pump market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of product type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

Centrifugal Pumps Market by Category

By Product Type:

  • Single Stage Pump
    • Small
    • Medium
    • High
  • Multi Stage Pump
    • Small
    • Medium
    • High
  • Axial & Mixed Flow Pump
    • Small
    • Medium
    • High
  • Submersible Pump
    • Small
    • Medium
    • High
  • Seal Less & Circular Pump
    • Small
    • Medium
    • High

By Application Type:

  • Industrial Centrifugal Pumps
    • Oil & Gas
    • Chemical
    • Water & Wastewater
    • Food & Beverage
    • Pharmaceutical
    • Power
    • Others
  • Agricultural Centrifugal Pumps
  • Domestic Centrifugal Pumps

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Application Virtualization Market Trends and Opportunities Report by Forecast to 2032

According to a recent study conducted by Future Market Insights, the application virtualization market is expected to reach US$ 13.2 billion by 2032, up from US$ 3.8 billion in 2022, expanding at a high CAGR of 13.1%. This study explains that an increase in the implementation of third-party platform by business for implementation of applications is a factor that is expected accelerate the market value during the forecast period.

Furthermore, cost effective solutions as well as improved efficiency benefits are other factors that are expected to encourage the adoption of Application virtualization solutions among SMEs, which in turn will fuel the market growth during the forecast period. Moreover, the increasing adoption of cloud-based technologies is another major factor that is anticipated to augment the market growth over the analysis period.

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Additionally, several benefits provided by application virtualization such as installation only on one centralized computer instead of installing on every computer and easy up-gradation expect a boost to the market in the forthcoming years. Further, the availability of application without installing it and easy control on the application by admins to allow or deny access of the application to a particular user is predicted to propel the market growth.

Key Takeaways from the Market Study

  • Global application virtualization market was valued at US$ 3.8 Bn by 2022-end
  • The US to account for the highest value share of US$ 4.7 Bn of global market demand for Application Virtualization Market in 2032
  • From 2015 to 2021, Application Virtualization demand expanded at a CAGR of 15.1%
  • By Deployment Type, the private cloud category constitutes the bulk of application virtualization deployment with a CAGR of 12.4%.

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Competitive Landscape

Players in the global Application Virtualization Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In September 2019, Microsoft announced the worldwide general availability of Windows Virtual Desktop. It is the only service that delivers simplified management, a multi-session Windows 10 experience, optimizations for Office 365 ProPlus, and support for Windows Server Remote Desktop Services (RDS) desktops and apps. With Windows Virtual Desktop, users can deploy and scale their Windows desktops and apps on Azure in minutes.
  • In January 2019, Symantec introduced new Symantec SSL Visibility appliance (SSLV) v5.0 – an encrypted traffic management solution as a virtual appliance.  SSLV v5.0 is an on-premise virtual appliance for dedicated Secure Sockets Layer (SSL)/Transport Layer Security (TLS) inspection.
  • In 2018, Microsoft acquired FSlogix, in order to extend its virtualization capabilities and offer an improved experience to the Microsoft 365 customers.

Key Players

  • Microsoft
  • Symantec Corporation
  • VMware
  • Citrix Systems
  • Red Hat
  • Oracle
  • Google

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Know More about What the Application Virtualization Market Repost Covers

Future Market Insights offers an unbiased analysis of the global Application Virtualization Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the Application Virtualization Market, the market is segmented on the basis of component, deployment type, organization size, and vertical, across five major regions.

By Component:

  • Application Virtualization Solutions
  • Agent Based Solution
  • Agent Less Solution
  • Application Virtualization Services
  • Support and Maintenance Services
  • Training and Consulting Services

By Deployment Type:

  • Public Cloud Application Virtualization
  • Private Cloud Application Virtualization
  • Hybrid Cloud Application Virtualization

By Organization Size:

  • Application Virtualization for Large Enterprises
  • Application Virtualization for SMEs

By Vertical:

  • Application Virtualization for BFSI
  • Application Virtualization for Healthcare
  • Application Virtualization for IT and Telecom
  • Application Virtualization for Government and Defense
  • Application Virtualization for Construction
  • Application Virtualization for Education
  • Application Virtualization for Other Verticals

By Region:

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

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Umbilical Vessel Catheters Market Global Industry Overview and Competitive Landscape till 2027

Umbilical Vessel Catheters Market Overview

Umbilical vessel catheter are the thin flexible tube made of medical grade material which is used to place in the blood vessel in the stump of a newborn’s umbilical cord. Umbilical vessel catheter are used for the treatment of new born premature babies. Umbilical vessel catheter act as an open passage which allows doctors to perform the treatment more easily. These catheters are used to provide special medication, fluids, and nutrition to the neonatal. Umbilical vessel catheters are basically of two types, viz. Umbilical artery catheter (UAC) and umbilical venous catheter (UVC).

Umbilical artery catheter is inserted into the artery of the umbilical cord to withdraw the blood sample and monitoring the blood pressure. Umbilical artery catheter requires fewer needle sticks to withdraw the blood sample. The umbilical venous catheter is inserted into the vein of the umbilical cord to provide the fluid and medication to the neonatal. Umbilical venous catheter requires deep insertion to deliver the medication and fluid to the neonatal. As per FDA guidelines, the umbilical vessel catheter can be used for only 7 or less days, if the further treatment requires then doctors need to insert the peripheral catheter through leg or arm.

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Umbilical Vessel Catheters Infection Market: Drivers and Restraints

The increase in the number of premature deliveries throughout the globe and rise in the number of neonatal care center are the primary factors driving the growth of umbilical vessel catheter market. The umbilical cord has no pain receptor, therefore insertion of umbilical vessel catheter is not painful for the neonatal. Moreover, umbilical vessel catheter requires fewer needle sticks during the treatment. This factors will increase the demand of umbilical vessel catheter for the treatment of premature neonatal.

The increased focus of medical devices manufacturers for the research and development on the neonatal products will boost the growth of this market. Continuous blood pressure monitoring and sample collection of blood gases can be done easily by using the umbilical vesselcatheter which will again upsurge the demand for this market. The risk of infection and blood clotting during the treatment by using umbilical vessel catheter will sluggish the growth of this market. Besides that lack of skilled professionals to handle umbilical vessel catheters and high cost of product will hamper the growth of this market over the forecast period.

Umbilical Vessel Catheters Market: Overview

The umbilical vessel catheter market is expected show exponential growth due to rise in healthcare expenditure for neonatal care. According to WHO, 15 million babies are born prematurely every year and this number tends to increase over the forecast period. WHO also stated that three-quarter of prematurely born babies have been saved in 2016 by using cost effective intervention.

The umbilical vessel market is segmented on the basis of product type and end user. Based on the end user, umbilical vessel catheter is classified as umbilical artery catheter and umbilical venous catheter. Both umbilical venous catheter and umbilical artery catheter are expected to gain nearly equal market share. Based on end user umbilical vessel catheters market is classified as hospitals and neonatal care center. Among all end, user hospital is expected to gain maximum market share over the forecast period.

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Umbilical Vessel Catheters Market: Regional Overview

Based on geographic region Umbilical Vessel Catheters market is classified into seven key regions, North, America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East and Africa. The APEJ region is expected gain maximum market share due high number of premature birth in India and China.

North America is the second most lucrative region umbilical vessel catheters market owing to rise in number of neonatal care center and favorable reimbursements scenario. After North America, this market is then followed by Western Europe and Japan. The Middle East & Africa region is the least lucrative market for umbilical vessel catheter due to lack of awareness among the people and less healthcare infrastructure.

Umbilical Vessel Catheters Market: Key Players

Examples of some of the market participants in umbilical vessel catheters market identified across the value chain include Medtronic PLC, Vygon SA, Neotech Products, Anthelio Healthcare Solutions Inc., SURU International Pvt. Ltd., Utah Medical Products, Inc., Centurion Medical Products., and  Hummingbird Medical.

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.

The report covers exhaust analysis on

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

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Umbilical Vessel Catheters Market: Segmentation

The global Umbilical Vessel Catheters market is classified on the basis of product type, end user and geographic region.

Based on product type, Umbilical Vessel Catheters market is segmented into following:

  • Umbilical artery catheters (UAC)
  • Umbilical vein catheters (UVC)

Based on end user, Umbilical Vessel Catheters market is segmented into following

  • Hospitals
  • Neonatal Care Center

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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 9-years.

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Commercial Refrigeration Equipment Market review 2022 Expectations & Growth Trends Highlighted Until 2028

Worldwide sales of commercial refrigeration equipment, which witnessed an increase of 3.4% compared to 2018, will exceed US$46 billion in revenue by the end of 2019. As a recent research study by Future Market Insights (FMI) shows, the  Commercial Refrigeration Equipment Market review Market will develop at a moderate CAGR between 2019 and 2029. Demand will be driven significantly by more production of F&B products and preferential movement of consumers. We aim to become a quick service restaurant (QSR) at the global level.

Sustainable and energy-efficient refrigeration systems will become the standard across end-use industries, forcing manufacturers to increase their investment in R&D and product innovation. Leveraging energy efficient technologies to offer low global warming potential (GWP) products with multiple features will be your ticket to gaining significant market share in the long run.

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Commercial Refrigeration Equipment Market Key Takeaways

  • Sales of commercial refrigeration equipment are increasing, driven by growing demand for ready-to-eat products and expanding retail outlets.
  • North America and Europe will account for more than half of the market value share by the end of 2029.
  • The food service sector will remain a major application for investment in commercial refrigeration equipment market players.
  • The implementation of new refrigerant regulations such as the EPA 680 upgrade and the Kigali amendment to phase out HFC refrigerants will have a significant impact on market growth.
  • The higher average unit cost of freezers and refrigerators implied lower sales compared to value profit, with approximately 2.6 million units sold in 2018.
  • Glass door merchandisers, which account for about a third of total sales, continue to see relatively low revenue generation compared to freezers and refrigerators.
  • Sales of beverage dispensers and display cases across end-use industries will show modest year-over-year growth in 2019, accounting for nearly 16% of total commercial refrigeration equipment sales that year.

Manufacturers who keep their innovation index high, provide turnkey solutions that meet regulatory requirements, and put end-user safety at their core will be rewarded in the long run.

Chinese players targeting the domestic market

The rapid adoption of alternative refrigerants to benefit from regulatory standards along with the expansion of the F&B processing industry in developed markets continues to contribute to the development of the commercial refrigeration equipment market. The growth of the commercial refrigeration equipment market in the Asia Pacific region has been driven by the shift in Asian eating habits to Western convenience foods. The ability to manufacture their own compressors gives Chinese companies a competitive edge to gain an edge in their own markets with their own brands.

competitive trends

In 2018, the top four stakeholders, including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation, accounted for a total revenue share of 20-25%. The emergence of a large number of smaller players in developing countries has created price competition, and leading market players have lost profits. Market segmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of regional participants.

Increased capital expenditure on refrigeration systems

The number of retail outlets worldwide has grown significantly over the past decade. Major players in the retail sector are expanding their presence in emerging markets in the Asia Pacific region, particularly India and China, taking advantage of the growing consumer spending power in these countries.

The retail market in developing countries is quite fragmented. However, favorable government policies on investment in the retail sector in developing countries such as India and China have led to significant growth in the organized retail sector.

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Changing Consumer Preference from FSR to QSR

The rapidly changing lifestyle and shift towards westernization have shifted consumer preferences from full service restaurants (FSRs) to quick service restaurants (QSRs). The number of quick service restaurants has increased significantly in recent years. Consumer spending on QSRs increased 4.1% between FY2005 and FY2015, bringing the total market value in FY2015 to approximately $275 billion. Accordingly, overseas and local companies are making significant investments in quick-service restaurant equipment, such as showcases and vending machines.

Learn more about report content

This FMI Report is an extensive analysis of the Global Commercial Refrigeration Equipment Market that provides actionable insights on how the market growth will develop during the forecast period 2019-2029. The Commercial Refrigeration Equipment Market has been segmented into various segments for analysis. Based on the type of refrigeration equipment, application and region. This study provides valuable information on the key competitive trends and most preferred development strategies of the leading market brands.

Commercial Refrigeration Equipment Market Segmentation :
The Global Commercial Refrigeration Equipment Market is segmented in detail to cover all aspects of the market and to present readers a complete market intelligence approach.by product

  • beverage refrigerator
  • Freezer and Refrigerator
    • Freezers and Chillers
    • Refrigerator
  • transport refrigerator
  • glass door merchandiser
  • showcase
  • beverage dispenser
  • refrigerated vending machine
  • ice machine
  • ice cream machine

by application

  • food service
  • Food and Beverage Retail
  • Food and beverage production
  • food and beverage distribution

by region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa

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Controlled-Release Drug Delivery Technology Market Future Scenarios, Growth and Analytical Insights – 2032

Controlled-Release Drug Delivery Technology Market Overview

Specific focus on the quality-by-design (QbD) approaches for the robust design of dosage forms is expected to change the future landscape of controlled-release drug delivery technologies. While conventional hydrophilic matrix based technologies such as Accuform are being used in the market for several years, recent advancements in the development of oral drug delivery systems such as gastro-retentive drug delivery for controlled release, buoyant systems, mucoadhesive systems for regulated release of anti-viral medications etc.

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would increase the penetration of controlled-release drug delivery technologies in the global pharmaceuticals market. Acuform polymer-based patented technology is widely being used in a number of controlled-release formulations such as NUCYNTA ER, Gralise (Depomed Inc.), Janumet XR (Merck), Glumetza (Salix Pharmaceuticals) etc. Wurster coating technology is being used in the drug coating for controlled release of drug since 1976.

Corplex transdermal technology has largely been commercialized in P&G’s Crest product line. Plenty of new controlled-release technologies are in phase to be commercialized in next few years. For instance, MicroCor PTH using MicroCor transdermal technology is being evaluated in phase IIa.

OROS technology which delivers drug in controlled manneris being used in more than 17 commercially available drugs. In case of oral controlled drug delivery, elderly persons and pediatrics constitute the large proportion of consumers for controlled-release drugs due to increase adherence to dosage regime.

Some of the commercially available medications using controlled-release drug delivery technology include Prozac (polymer matrix based system), Avinza (polymer coating), Capoten (enzyme activated system), GLUCOPHAGE XR (polymer matrix based system), Alza (osmotically activated system) etc.

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Controlled-Release Drug Delivery Technology Market: Drivers and Restraints

The global market for controlled-release drug delivery technology is driven by increasing the need for pediatric controlled release dosage forms, high acceptance of CR dosage forms due to once-a-daily dosing nature, etc.

However, some of the major factors restraining the global market for controlled-release drug delivery technology are fewer excipients are deemed acceptable for pediatric use, the requirement of a high dose of API, promising development of CR dosage forms that impart abuse resistance, a higher price of controlled-release systems compared with traditional pharmaceutical formulations, etc.

Moreover, some of the biopharmaceutical challenges for development of controlled-release drug delivery systems such as establishing desired release profiles for new chemical entities, risk management of dose dumping, selection of biocompatible and biodegradable materials with desired controlled-release properties, etc.

Controlled-Release Drug Delivery Technology Market: Overview

The global market for controlled drug delivery technology is expected to gain traction during the forecast period due to increasing commercialization of new technologies by a number of modified release products launches. Loss of patents for some of the controlled-release drug delivery technologies would present an opportunity for generic players to penetrate the market.

For instance, blockbuster osmotic delivery system OROS would be off patented by July 2017 and the technology will lose the pediatric exclusivity by January 2018. Allergan Plc. received FDA approval for Generic Cardizem extended release tablets indicated for the treatment of hypertension.

Controlled-Release Drug Delivery Technology Market: Regional Wise Outlook

Geographically, the global controlled-release drug delivery technology market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa.

North America will continue to hold the largest share in the global controlled-release drug delivery technology market due to rising number of NDA and ANDA applications being filed by the key players. Europe is expected to hold second largest share in the global market for controlled-release drug delivery technology market.

However, APAC is expected to witness highest growth rate due to expansion activities by the key players in the region.

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Controlled-Release Drug Delivery Technology Market: Key Players

Some of the market players in the global controlled-release drug delivery technology market are Depomed, Inc., Coating Place, Inc., Corium International Inc., Alza Corporation (Johnson & Johnson), Pfizer Inc., SKY Pharmaceuticals Pvt. Ltd. and others.

Global pharmaceutical companies are desperately looking for new strategies to increase profitability and in line with this number of companies are bringing in the market, the modified release formulations of existing drugs due to short pathway for approval while maintaining their market share.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value ChainControlled-Release Drug Delivery Technology Market: Segmentation

    The global controlled-release drug delivery technology market has been segmented on the basis of technology, release mechanism, application, and geography.

    Based on technology, the global controlled-release drug delivery technology market is divided into following:

    • Wurster technique (drug coating)
    • Coacervation
    • Micro Encapsulation
    • Implants
    • Transdermal
    • Targeted Delivery
    • Microelectromechanical Technology
    • Others (Liposomes)

    Based on release mechanism, the global controlled-release drug delivery technology market is divided into following:

    • Polymer Coating Systems
    • Polymer Matrix Based Systems
    • Hydrophilic Polymer Matrix Systems
    • Lipophilic Polymer Matrix Systems
    • Micro Reservoir Partition Controlled Drug Delivery Systems
    • Feedback Regulated Drug Delivery Systems
    • Activation-modulated Drug Delivery Systems
    • Mechanically Activated
    • Osmotic Pressure Activated
    • Hydrodynamic Pressure Activate
    • Vapor Pressure Activated
    • Mechanically Activated
    • Magnetically Activated
    • Chemically Activated
    • pH Activated
    • Hydrolysis Activated
    • Enzyme Activated

     

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Based on application, the global controlled-release drug delivery technology market is segmented as below:

    • Metered Dose Inhalers
    • Injectable
    • Transdermal and Ocular Patches
    • Infusion Pumps
    • Oral Controlled-drug delivery Systems
    • Drug Eluting Stents
    • Others

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Telecom Tower Power System Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2031 

The telecom tower power system market is expected to register year-on-year growth at 5.8% in 2021, with the overall valuation forecast to reach US$ 3.5 Bn. As per a Future Market Insights (FMI) analysis, sales of telecom tower power systems is expected to increase at 6.7% CAGR between 2021 and 2031.

According to Future Market Insights, increased demand for telecom tower power systems has resulted from the expansion of telecom infrastructure facilities to cover rural and other remote areas. Rapid technological advancements in manufacturing are also expected to supplement market growth in the near future.

Despite the COVID-19 pandemic’s recessionary effect in 2020, the telecommunications industry has remained unaffected in terms of essential service sector. With the ongoing demand for high energy efficient solutions, the growth of telecom tower power systems is expected to continue on an upward trend for the foreseeable future.

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Demand for telecom tower power systems is increasing with the rise in the volume of telecom tower networks in recent years. This can be attributed to an increase in investments and expansion of new telecom infrastructure projects in developing nations.

The growing demand for mass production has increased the importance of process automation. The market is shifting toward Industry 4.0 standards, resulting in the promotion and widespread adoption of new manufacturing technologies.

The growing number of players focusing on telecom tower power system research and development is expected to contribute to market growth in the coming years.

Key Takeaways from Telecom Tower Power System Market Study

  • Outdoor telecom tower power systems are projected to hold over 54% of the global market share in 2021, supported by the availability of superior configurations.
  • The diesel generator + battery segment is set to hold over 41% of the market share as a power source by 2031-end, supported by investments into renewable energy systems.
  • The U.S. will remain a primary market, backed by rising demand from the energy sector. It is expected to account for over 86% of the demand registered in North America in 2021.
  • The markets in India and China are set to surge at CAGR of approximately 8% and 7% over the coming decade.
  • Russia is emerging as a key market in Europe, with a valuation of over US$ 154.5 Mn in 2021, driven by presence of massive telecom infrastructure network.

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“The telecom tower power system market is growing at a strong pace driven largely by increasing demand for energy efficient power systems. Increasing investments in the telecommunication industry for the expansion of telecom infrastructure projects will create extensive opportunities for telecom tower power system manufacturers. Industry participants are investing in expansions, strategic alliances, and energy efficient solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Who is Winning?

The telecom tower power system market is moderately consolidated, with key players accounting for more than 55% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to Delta Electronics Inc., Cummins Inc., Huawei Technologies Co., Ltd, Eaton Corporation PLC, Vertiv Group Corporation, STMicroelectronics NV, ZTE Corporation, and ABB Ltd.

Telecom Tower Power System Market by Category

By Product Type:

  • Outdoor Telecom Power System
  • Indoor Telecom Power System

By Power Source:

  • Diesel Generator
  • Diesel Generator + Battery
  • Renewable Energy
    • Solar
    • Wind Turbine
    • Biomass

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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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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3D Audio Market Analysis by Size, Rising Demand, Business Growth Factors and Revenue Strategies From 2022 to 2032

The 3D audio market revenues were estimated at US$ 6.6 Bn in 2021 and is anticipated to grow at a CAGR of 15.3% from 2022-2032, according to a recently published FMI report. By the end of 2032, the market is expected to reach US$ 31.9 Bn.

3D audio market is likely to observe a CAGR of 15.3% in the next ten years, fueled by the growing demand for 3D audio and its applications in a wide range of industries including automobiles, media and entertainment, and gaming. Commercial end-use of 3D audio is expected to garner traction, wherein gaming industry is expected to be pivotal towards the revenue expansion.

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Key Takeaways from the Market Study

  • Global 3D audio market is expected to reach a market size of US$ 31.9 Bn by 2032.
  • In 2022, market value of 3D audio software is estimated at US$ 4.6 Bn.
  • Software also shows the highest potential for growth in the components segment. The segment is expected to grow at a CAGR of about 14.0% from 2022- 2032.
  • China, the key market is expected to hold the prominent market share and grow at a CAGR of 15.8% during 2022 – 2032.

Who is winning?

Some of the key players present in the 3D audio market are 3D Sound Labs, Auro Technologies Inc, Dolby Labs, Hooke Audio, dearVR, Fraunhofer, Sennheiser electronic GmbH & Co., VisiSonics Corporation, Google, and Waves Audio Ltd. among others.

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

  • In Mar 2022, Sennheiser announce that it will focus on professional audio business. The company is confirmed expansion of their portfolio in pro audio and business communication unit.
  • In Feb 2022, Dolby Laboratories acquired Millicast, a developer platform providing ultra-low latency video streaming capabilities at a scale to massive audience.
  • In Feb 2022, Dear Reality released latest monitoring plugin dearRV MIX which suits for all professional studio headphones. It will strengthen the portfolio of the company technologically.
  • In Dec 2021, VisiSonics partnered with University of Maryland to pioneer 3D audiogram technology. It will have a wide range of application in gaming and military headsets.

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Market Segments Covered in 3D Audio Industry Analysis

By Components:

  • Hardware
    • Loud Speaker
    • Headphones
    • Microphones/Mic
    • Soundbars
    • Others
  • Software
  • Services

By End-use:

  • Personal/in-house
    • Mobile Devices
    • Home Theater
    • Gaming
  • Commercial
    • Automobile
    • Cinema
    • Music
    • Gaming
    • Museum
    • VR Concerts
    • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • South 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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Cognitive Computing Market Latest Trends, Demand, Growth, Opportunities & Outlook Till 2032

According to a recent study done by FMI, the cognitive computing market is expected to reach US$ 3.2 Trillion by 2032, up from US$ 257.1 Billion in 2022, expanding at a high CAGR of 28.7%.

This study explains that the key factors such as the rise in big data analytics, developments of machine-to-machine technologies, and an increase in demand for a better customer experience are expected to propel the market growth during the forecast period.

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Rising concerns among all the major business organizations about analyzing large volumes of data, to estimate the risk associated with any strategic initiative is spurring adoption of cognitive computing.

Additionally, there is an increase in the demand for cognitive systems in large organizations and this is expected to increase in SMBs owing to cloud-based services. As cloud-based deployment decreases the cost of deploying cognitive computing in the organization, there is a subsequent rise in the overall demand for cloud-based services.

Besides, rise in big data analytics adoption, developments of machine-to-machine technologies, and an increase in demand for a better customer experience. In addition, industries such as BFSI, social websites, healthcare, and e-commerce have witnessed a rapid increase in transaction information and customer data. The aforementioned are factors expected to drive the growth of the market in the coming years.

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Key Takeaways from the Market Study

  • Global cognitive computing market was valued at US$ 257.1 Billion by 2022-end
  • The U.S to account for the highest value share of US$ 27.4 Billion of global market demand for cognitive computing market in 2032
  • From 2015 to 2021, cognitive computing demand expanded at a CAGR of 39.3%
  • By Deployment, the cloud category constitutes the bulk of cognitive computing market with a CAGR of 30.1%

Competitive Landscape
Players in the global Cognitive Computing Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships.

The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In May 2020, Udacity, a virtual learning tutoring service, has announced the launch of a new AI healthcare plan. According to the digital educator, the new AI course teaches students about the use of AI in electronic health records, medical image processing, and other regions.
  • In December 2019, Accenture Inc., based in Ireland, has acquired Clarity Insights, deep data analytics and machine learning firm based in the United States, to enhance AI.
  • In September 2019, Schlumberger, Chevron, and Microsoft announced a partnership to accelerate new technologies. This collaboration was carried out in three stages, initiating with the adoption of the Petro technical Suite in the DELFI environment, achieved through the development of cloud-native applications on Azure, and subsequently with the co-innovation of a suite for cognitive computer processing native abilities.

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 A list of Key Players Covered in the Cognitive Computing Market are:

  • 3M
  • Google LLC
  • Hewlett Packard Enterprise Development LP
  • International Business Machines Corporation
  • Microsoft Corporation
  • Nuance Communications, Inc.
  • Oracle Corporation
  • SAP SE
  • SAS Institute Inc.
  • Tibco Software Inc.

Know More About What the Cognitive Computing Market Repost Covers
Future Market Insights offers an unbiased analysis of the global Cognitive Computing Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered In The Cognitive Computing Market Report

Cognitive Computing by Deployment:

  • On-Premise Cognitive Computing
  • Cloud Cognitive Computing

Cognitive Computing by Application:

  • Cognitive Computing in Diagnostic APIs
  • Cognitive Computing in Robots
  • Cognitive Computing in Cyber Security
  • Cognitive Computing in Farm Mechanization
  • Cognitive Computing in Social Media Monitoring
  • Cognitive Computing in Self-Driving Cars
  • Cognitive Computing in Gaming
  • Cognitive Computing in Video Surveillance
  • Cognitive Computing in e-Learning
  • Cognitive Computing in IT Infrastructure Management
  • Cognitive Computing in Supply Chain Management
  • Cognitive Computing in Other Application Areas

Cognitive Computing by Industry:

  • Cognitive Computing for Healthcare
  • Cognitive Computing for BFSI
  • Cognitive Computing for IT and Telecom
  • Cognitive Computing for Manufacturing
  • Cognitive Computing for Energy & Utility
  • Cognitive Computing for Retail
  • Cognitive Computing for Aerospace & Defense
  • Cognitive Computing for Government
  • Cognitive Computing for Transportation
  • Cognitive Computing for Agriculture
  • Cognitive Computing for Media & Entertainment
  • Cognitive Computing for Education
  • Cognitive Computing for Other Industries (HR, Marketing & PR, etc.)

Cognitive Computing by End User:

  • Cognitive Computing in Large Enterprises
  • Cognitive Computing in Small and Medium Enterprises (SMEs)
  • Cognitive Computing in Public Sector

Cognitive Computing by Region:

  • North America Cognitive Computing Market
  • South America Cognitive Computing Market
  • Europe Cognitive Computing Market
  • Asia Pacific Cognitive Computing Market
  • Middle East and Africa Cognitive Computing Market

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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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SD-WAN Security Market Analysis by Size, Rising Demand, Business Growth Factors and Revenue Strategies From 2022 to 2032

In 2021, the SD-WAN security Market generated around US$ 2.0 Bn in sales. By 2032, the market for SD-WAN security is anticipated to reach US$ 16.9 billion, expanding at a CAGR of 21.2% between 2022 and 2032.

As per FMI, as remote working became more widespread, employees are now required to connect from outside the corporate network. This has in turn fueled the demand for secure and reliable connectivity.  

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This can be challenging for businesses, as devices are progressively dispersed across multiple locations. Cloud-based services, applications, and platforms also make it strenuous, as employee networks may struggle to meet the scalability, flexibility, and speed of implementation required for daily functions. 

Key Takeaways: SD-WAN Security Market 

  • By solution, the network firewall segment is anticipated to account for the leading share in the global demand for SD-WAN security during the forecast period. However, the DDoS detection and mitigation segment is estimated to grow at a robust CAGR of 21.7% through 2032. 
  • Among the enterprise size, large enterprises segment is estimated to grow by 7.2X during the forecast period. 
  • By Industry, the IT and telecom segment is anticipated to increase at a CAGR of 21.9% between 2022 & 2032. 
  • North America region is dominating SD-WAN security market followed by Europe region in 2022. East Asia is estimated as the fastest growing region during the forecast period. 
  • The market in U.S. is expected to progress at a CAGR of around 21.4% through 2032. 
  • In China, the SD-WAN security market is expected to grow by 6.1x during the forecast period. 
  • SD-WAN security market in India is estimated to witness the absolute $ opportunity of US$ 563.8 Mn during the forecast period.  

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Increasing Demand from Enterprises to Improve Network Security 

SD-WAN security provides enterprises a single control plane to supervise all networks, comprising data center, multiprotocol label switching and WAN. This strategy will be important as data migrates to multiple clouds and becomes subject to multiple security regimes. With a single view of all networks operations, the enterprise can make sure that security is totally organized across the whole distributed data ecosystem. 

Increasing demand for total protection and control against cyber threats is escalating the SD-WAN security market, as SD-WAN security offers smooth and secure direct connectivity to cloud providers and endpoints, enhancing the cloud experience. It offers high levels of security to business, protecting data loss from unwanted intrusions. 

Key Companies Profiled

  • Cisco Systems
  • Fortinet
  • Palo Alto Networks
  • Zscaler
  • Check Point Software Technologies
  • Aryaka Networks
  • Forcepoint
  • Sophos
  • McAfee
  • Juniper Networks
  • VMware
  • Citrix
  • Hillstone Networks

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SD-WAN Security Outlook By Category

By Solution:

  • Network Firewall
  • DDoS Detection and Mitigation
  • Secure Web Gateways
  • Session Border Controller (SBC)
  • Network Encryption
  • Others

By Enterprise Size:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • IT & Telecom
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail
  • Government
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (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

Contact Us:        
Future Market Insights
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Conversation Intelligence Software Market Latest Trends, Demand, Growth, Opportunities & Outlook Till 2032

The increasing demand for AI-powered customer support services, the global conversational intelligence software market is estimated at US$ 43.2 Billion, while expanding at a 7.2% CAGR from 2022 to 2032. The market is anticipated to garner USD 20.1 Billion in 2021 and USD 21.6 Billion in 2022. Growing demand for AI-based Gartner chatbots is likely to be another cause propelling the market growth.

With the outbreak of COVID-19, there has been a surged demand for AI-based chatbots to stay connected, thereby, benefitting the market. In addition, the growing deployment of omnichannel methods is likely to augment the market size in the assessment period. With the usage of automation, firms can achieve higher efficiency and lesser manual work.

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According to LivePerson, a conversational AI solution provider, customers spend 80% of their time messaging through their devices. Also, there are about 57 billion conversations occurring globally in contact centers, and USD 1.2 trillion is spent on voice calls in centers across the globe.

On the contrary, awareness of such technology is much lesser in developing nations as compared to developed nations. According to a recent study conducted by HubSpot, there is only 37% of AI awareness among consumers and 63% of consumers do not realize that they are using AI. However, the integration of new specifications such as gesture recognition is an emerging opportunity for the players, countering the market restraints.

Key Takeaways:

  • The global conversational intelligence software market to reach US$ 20.1 Billion in 2021.
  • The global conversational intelligence software market to garner US$ 43.2 Billion in 2032, exhibiting a 7.2% CAGR from 2022-2032
  • The cloud-based segment to record a 7.2% CAGR during the forecast period
  • The BFSI segment to expand at a 6.6% CAGR from 2022-2032
  • The U.S market to value US$ 15.5 Billion from 2022-2032
  • Market in China to flourish at a 6.6% CAGR, securing US$ 3 Billion by 2032

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Competitive Analysis 

Key players in the global conversational intelligence software market include CallRail Inc,  AffectLayer Inc, Active.ai, Avaamo, and Avoma Inc among others.

Recent developments among key players are: 

  • In September 2021, Astro, a new robot was launched. It was specifically designed to assist customers with tasks like home monitoring and keeping in touch with family.
  • In September 2021, Baidu and China Gas Holdings signed agreement to enhance digital and intelligent transformation in the energy and power sector with unique solutions based on Baidu AI Cloud.

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Key Segments Covered in the Conversation Intelligence Software Market Report

Conversation Intelligence Software by Deployment

  • On-premise Conversation Intelligence Software
  • Cloud-based Conversation Intelligence Software

Conversation Intelligence Software by End Users

  • Conversation Intelligence Software for SMEs
  • Conversation Intelligence Software for Large Enterprises

Conversation Intelligence Software by Vertical

  • Conversation Intelligence Software for IT & Telecommunications
  • Conversation Intelligence Software for Retail
  • Conversation Intelligence Software for BFSI
  • Conversation Intelligence Software for Real Estate
  • Conversation Intelligence Software for Other Verticals

Conversation Intelligence Software by Region

  • North America Conversation Intelligence Software Market
  • Europe Conversation Intelligence Software Market
  • Asia-Pacific Conversation Intelligence Software Market
  • Middle East & Africa Conversation Intelligence Software Market
  • Latin America Conversation Intelligence Software Market

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:        
Future Market Insights
Unit No: 1602-006
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Plot No: JLT-PH2-X2A
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For Sales Enquiries: sales@futuremarketinsights.com
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