Market Research Blog

The global content rich systems market is estimated at US$ 5.1 Billion in 2021 and is projected to reach US$ 5.8 Billion by 2022. The market is expected to reach US$ 24.6 Billion by 2032 while recording a CAGR of 15.5% during the forecast period from 2022 to 2032.

As the need for personalized experiences becomes more important in the communication technologies industry, content-rich systems play an essential role. As context-rich systems become increasingly essential for smartphones, tablets, and PC users, the market for context-rich systems will expand in the near future.

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In order to further stimulate the market demand for content rich systems in the market, online transactions and software platforms in support of retailers, companies, and shopping malls are being created. These smart zones deal with targeted, location-specific products information, discount discounts, and offers for shoppers.

Key Takeaways:
The global content rich systems market is currently valued at US$ 5.8 Billion, with a CAGR of 15.5% during the forecast period. Smartphones devices for the content rich systems segment to expand at a CAGR of 16% during the forecast period In India, the market is predicted to reach US$ 2.2 billion while growing at a CAGR of 23.5% during the forecast period.

The E-commerce & Retail industry application market will grow at a 12.6% CAGR during the forecast period.
Brazil recorded a CAGR of 16% CAGR during the forecast period. Japan is expected to reach a CAGR of 15.9% during the forecast period between 2022 and 2032.

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Competitive Landscape

Key Players that have been profiled in the report are Amazon.com, Inc., Apple Inc., Baidu, Meta Platforms Inc., Alphabet Inc., IBM Corporation, Capgemini, and InMobi. In an effort to emerge as a recognized and profitable business, firms continue to adopt a strategy that includes new product launches, R&D, patents, approvals, events, product innovations, joint ventures, partnership agreements, digital marketing, collaborations, mergers,, and acquisitions.

A new Content Services Platform will be presented by OpenText at AIIM conference 2021 in April 2021. OpenText Core Content and OpenText Core Case Management, delivered with OpenText Cloud Editions 21.2, are multi-tenant cloud offerings that can be customized to meet specific business, departmental, and industry needs.

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Market Segmentation

Global Context Rich Systems market is mainly classified on the basis of component, devices, verticals and regions.

On the basis of component, global context rich systems market is segmented into

• software
• hardware components

On the basis of devices the market is segmented as

• smartphones
• tablets
• desktops
• Others

On the basis of verticals the market is segmented as

• BFSI
• medical & healthcare
• retail & e-commerce
• transportation
• gaming & entertainment
• others

On the basis of regions, the market is segmented into 7 key regions:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East & Africa
• hardware components

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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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The global acoustic insulation market is expected to secure US$ 14.1 Billion in 2021 and US$ 14.6 Billion in 2022. The market is projected to garner US$ 22.9 Billion in 2032 while expanding at a CAGR of 4.6% during the forecast period. Increased affordable capabilities of the middle-class population are expected to have played a major role in driving the market in the assessment tenure.

The growing focus to develop building infrastructure to offer a convenient environment in public areas has resulted in a surged sound barrier installation across various sectors like railways, highways, airport runaways, stations, and others.  

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Also, increasing product launches is another salient cause driving the market. For instance, in January 2021, Armacell disclosed a strategic partnership with German TITK Group and Melamine. Armacell announced to manufacture competent insulation products with melamine resin-based nonwovens. It is flame and UV-resistant.

In another instance, in August 2020, Armacell rolled out ArmaGel DT acoustic insulator. It gives exceptional low thermal conductivity and high acoustic performance and has lessened insulation thickness against its other insulation counterparts. With the launch of such updated and advanced products, the market is anticipated to expand in the coming time. 

On the other hand, the sluggish growth of construction activities in Europe is likely to act as a significant hindrance to market growth. Also, volatility of raw materials and high demand for raw materials containing greenhouse gases are some of the other causes impeding industry growth. However, with the advent of aerogel, the market is anticipated to counter the hampering cases, aiding in market expansion.  

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Key Takeaways  

• The global acoustic insulation market to garner US$ 14.1 Billion in 2021 and US$ 14.6 Billion in 2022. 
• The global acoustic insulation market to value US$ 22.9 Billion in 2032 and record 4.6% CAGR during the forecast period  
• The building and construction segment to record a 4.1% CAGR  
• The foamed plastic segment to exhibit a 4.3% growth rate  
• The U.S market to be valued at US$ 7.4 Billion, exhibiting 4.2% CAGR during the forecast period.  

Competitive Landscape 

Key players in the global acoustic insulation market include Saint-Gobain, Knauf Insulation, Soprema, Armacell International, and Rockwool International A/S, among others. Recent developments among players include: 

• In January 2020, Saint-Gobain acquired Sonex in Brazil, a company renowned for manufacturing and supplying acoustic ceiling systems, marketed in particular under the Nexacustic, Sonex, and Fiberwood brands. The initiative is expected to expand the group’s position in Brazil.  
• In August 2020, Armacell rolled out ArmaGel DT. ArmaGel product offers good thermal and acoustic solutions to customers globally with fine quality.  

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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According to a recent study by FMI, the conversational AI market is expected to reach US$ 40.5 billion by 2032, up from US$ 8.3 billion in 2022, expanding at a high CAGR of 17.2%. This study explains that the key factors such as rise in demand for AI-based Gartner chatbots solutions are expected to augment the growth of the market during the forecast period.

The major factors that are expected to accelerate the growth of the conversational AI market during the forecast period include increasing demand for AI-powered customer support services, omnichannel deployment, and reduced chat bot development costs.

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Furthermore, the rising demand for AI-based chatbots to stay connected and increasing focus on customer engagement are the major factors adding value to the conversational AI offerings, which is expected to provide opportunities for enterprises operating in various verticals in the conversational AI market.

With advancements in the use of AI technology, organizations are making use of conversational AI solutions to offer customer service efficiently. This is another major factor that is expected to accelerate the market growth during the forecast period. The growing use of AI and NLP technologies has enabled companies to build intelligent agents and add services as well as perform tasks integrated with other multiple platforms.

There is further scope for the integration of new capabilities, such as gesture recognition in conversational AI offerings. These factors are further expected to propel the market growth over the analysis period.

Key Takeaways from the Market Study

• Global Conversational AI Market was valued at US$ 8.3 Bn by 2022-end
• The US to account for the highest value share of US$ 14.0 Bn of global market demand for Conversational AI Market in 2032
• From 2015 to 2021, Conversational AI demand expanded at a CAGR of 28.2%
• By Component, the Services category constitutes the bulk of Conversational AI Market with a CAGR of 16.6%.

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Competitive Landscape
Players in the global Conversational AI 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 2021 Astro is a new and different kind of robot, one that’s designed to help customers with a range of tasks such as home monitoring and keeping in touch with family.
In April 2021, Microsoft announced the acquisition of an AI-based technology company, Nuance Communications, for USD 19.7 billion in an all-cash transaction. The acquisition of Nuance will expand Microsoft’s capabilities in voice recognition and transcription technology.

In March 2021, Google Cloud announced the general availability of Vertex AI, a managed machine learning (ML) platform that allows companies to accelerate the deployment and maintenance of artificial intelligence (AI) models.
In January 2020, AWS made Amazon Lex chatbot integration available in Amazon Connect in the Asia Pacific (Sydney) AWS region. Amazon Lex chatbots can assist users in changing passwords, bringing up requested account balances, and scheduling an appointment by vocalizing a prompt rather than saying a number from a list of options.

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By Key Players

• Google
• Microsoft
• IBM
• AWS
• Baidu
• Oracle
• SAP
• FIS
• Artificial Solutions
• Kore.ai
• Conversica
• Inbenta
• Creative Virtual
• SoundHound
• Avaamo
• Haptik
• Solvvy
• MindMeld
• Kasisto
• Gupshup

Key Segments

By Component:

• Solution
• Services
  • Training and Consulting Services
  • System Integration and Implementation Services
  • Support and Maintenance Services

By Type:

• Chatbots
• Intelligent Virtual Assistants

By Deployment Mode:

• Cloud
• On-Premises

By Organization Size:

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

By Mode of Integration:

• Web-Based
• App-based
• Telephonic

By Technology:

• Machine Learning and Deep Learning
• Natural Language Processing
• Automatic Speech Recognition

By Business Function:

• Sales
• Finance
• HR
• Operations
• IT Service Management

By Vertical:

• Banking Finance Services and Insurance
• Healthcare and Life Sciences
• IT and Telecom
• Retail and eCommerce
• Travel and Hospitality
• Media and Entertainment
• Automotive
• Others (Government, Education, Energy and Utilities, and Manufacturing)

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• 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
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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The Accounts Receivable Automation Market is expected to reach US$ 6.6 Billion by 2032, up from US$ 2.4 billion in 2022, expanding at a high CAGR of 10.7%. This study explains that the key factors such as growing volumes of financial transactions have led to a need for an efficient cash management system, which in turn fuels the market growth.

The major factors that are expected to accelerate the growth of the Accounts Receivable Automation Market during the forecast period include improving cash position, increase control over cash and working, increased account receivable management efficiency, and improved customer communication, with rise in customer service and satisfaction with reduced administrative cost in minimizing credit risk.

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Moreover, the rising workflow automation practices across different industry sectors have led to automation in account receivable processes. These solutions help in improving the cash flow as well as reduce the accounting cycle time. All these factors are aiding the growth of the accounts receivable automation market.

In addition, due to the continuously changing environment every business is focusing on enhancing their business efficiency, which can be achieved with the help of better managing of account receivables such as digital invoice and payments which is another factor that is expected to accelerate the growth of the Accounts Receivable Automation market during the forecast period.

Key Takeaways from the Market Study

• Global Accounts Receivable Automation Market was valued at US$ 2.4 Bn by 2022-end
• The US to account for the highest value share of US$ 2.4 Bn of global market demand for Accounts Receivable Automation Market in 2032
• From 2015 to 2021, Accounts Receivable Automation demand expanded at a CAGR of 12.2%
• By Component, the Solution constitutes the bulk of Accounts Receivable Automation Market with a CAGR of 10.2%.

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Competitive Landscape

Players in the global Accounts Receivable Automation 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 2021, Esker announced a strategic partnership with KPMG France to guide businesses in their transition to e-invoicing. The alliance will combine their respective expertise to accompany administrative and financial departments in their digital transformation.

In May 2021, Quadient announced that its software-as-a-service (SaaS) accounts receivable (AR) automation solution Yay-Pay by Quadient shall be available to small and medium-sized businesses through the web-based Marketplace of Sage which is a provider of cloud business management solutions. Partnering with Sage shall enable the company to build a fast-growing AR automation SaaS solution in the market.

In March 2021, HighRadius and Sage Intacct Inc. collaborated on Artificial intelligence (AI)-based autonomous systems for automating treasury and accounts receivables processes.

In January 2021, SAP SE had received a seed investment for its new venture Paid Pronto. The application helps in automating accounts receivable processes.

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The South Asian Geosynthetics Market is expected to bolster at a phenomenal growth by witnessing a steady growth outlook of the magnitude of 12.2% over the projection period. The global market is estimated to be valued at US$ 1,404.6 Mn by 2022 and is predicted to reach US$ 4,441 Mn by 2032.

The rise in infrastructure development all over the region is expected to drive growth in the market. The growth outlook between the period ranging from 2017 and 2021 was approximately 11.5% in South Asia.

There is a consistent growth in the demand for geosynthetics owing to the growing demand from the construction sector, which incorporated road construction, erosion control, and others. Based on the current estimations, the market is to witness a growth outlook of about 12.2% between 2022 and 2032 in South Asia.

There is a surging awareness of applications in the construction industry which includes reinforcement, separation, containment, drainage, filtration, and sediment control is driving demand for the geosynthetics market.

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The most popular destinations for the APAC region are among the ASEAN countries with regard to geosynthetics used in containment, separation, and waterproofing applications. Geomembranes are expected to be the most widely utilized geosynthetic product due to their popularity in this work and are estimated to have the highest share in geosynthetics used in this field.

Geosynthetic consumption in the South Asia region is anticipated to account for around 13% of the global demand.

Geosynthetics Market is forecast to register a CAGR of 10.1% between 2022 and 2029. The North American geosynthetics market accounts for around 25.8% share in 2022. Demand for Geosynthetic Products like Geogrids to Remian High in Road Segment

Key Takeaways

• Geosynthetic materials are massively utilized in various road development projects. These materials are utilized for subgrade separation and stabilization, base reinforcement, filtration & drainage facility, along with overlay stress absorption and reinforcement. Widespread application of geosynthetics in railway provides an improvement in stress propagation and offers stability.
• The government is taking various initiatives in order to improve the infrastructure of the country along with improving connectivity and enhancing logistics. From 2016 to 2017, the Indian government invested around US$ 14 Bn (INR 97,000 Crore) for road infrastructure development. At present, 28.64 km of roadways are constructed daily in India. In addition to that, the Indian government has announced National Infrastructure Pipeline (NIP) project with an overall budget of US$ 1.3 trillion, all these initiatives are anticipated to create substantial growth opportunities for the market.
• The market of geosynthetics is dominantly influenced by several macroeconomic, innovation, and demographic factors comprising infrastructure investment, urbanization, waste management, and a focus on a circular economy. Further, a rise in concern for wastewater management is expected to elevate the demand during the forecast period.
• There are widespread applications of Geosynthetics, they can be utilized for controlling leakages of contaminated liquid into rivers, aquifers, and groundwaters. Geosynthetics are utilized in several applications such as drainage, containment, material separation, filtration, reinforcements of structure, etc. are expected to create significant opportunities for the market in the coming years. All these aspects are considered for the forecast growth magnitude.

Competitive Landscape

Dominant market players are focusing on expanding their presence in countries where significant growth in the construction industry is being witnessed. Key market players are focusing on tie-ups with regional vendors, distributors, and construction companies to promote their products.

Furthermore, market participants are surging on innovating geosynthetic materials for specific applications. Several market players are concentrating on investing to decrease their carbon footprint and are utilizing plastic waste for the production of geosynthetic materials generating a trend of the circular economy.

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Key Companies Profiled: –

• Hueskar Synthetic GmbH
• GSE Environmental Inc.
• Geofabrics Australasia Pty. Ltd.
• Tensar International Corporation
• Polyfabrics Australasia Pty. Ltd.
• NAUE GmbH & Co. KG
• Global synthetics pty Ltd.
• Others

Geosynthetic Market Segmentation

By Product Type:

• Geotextile
• Geomembrane
• Geogrid
• Geonet
• Geosynthetic clay liner
• Geocomposite
• Other

By Material Type:

• Polyethylene (HDPE/LDPE/Others)
• Polypropylene (PP)
• Polyester
• Natural Fibers
• Others (PVC, Synthetic rubber, etc)

By Primary Function:

• Separation
• Drainage & Filtration
• Reinforcement
• Containment

By Application Type:

• Roads
• Railways
• Retaining wall
• Dams, Riverbacks,Waterworks
• Landfills and Erosion control
• Others

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

to be continued…!

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/south-asia-geosynthetics-market
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The Future Market Insights is anticipated to register a healthy CAGR of a magnitude of 5.4% over the projection period from 2022 to 2032. The global textile colorant market is expected to reach a valuation of US$ 6,850.0 Mn in 2022 and is predicted to surpass a valuation of US$ 11,590.4 Mn by 2032.

The growth in the market is attributed to the rising demand for clothes along with an increase in disposable income across the world is expected to boost demand in the global textile colorant market during the forecast period.

Growth in the demand for fashion textiles and home decor are prominent growth driving factors for textile colorants. East Asia region is expected to remain the dominant region for the production & consumption of textile colorants and the region is expected to account for about 48% of global textile production.

Various countries like India & ASEAN from South Asia also account for a remarkable share of the global market. Demand for textile colorants is expected to account for around 9 to 11% of the global colorants’ consumption.

According to the analysis of Future Market Insights, the global market if textile colorants market’s historical analysis witnessed growth at a CAGR of 5.0% from 2017 to 2021.

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In addition to that, as per the current estimations, the forecast growth outlook revolves around 5.4% CAGR over the current projection ranging from 2022 to 2032. The growth of the market is attributed to the rise in the projections in the textile industry and recovery from the pandemic crisis.

Key Takeaways

• Technical textiles are known as special textile qualities made up of particular chemicals and physical properties that are designed for specific end uses. These types of textiles are utilized in healthcare, sports, engineering, and consumer goods industries for specific purposes such as raincoats and body warmers. Demand for these textiles is surging owing to the changing consumer preferences, customization options, and perceived effectiveness of these products.
• Geotextiles known as a type of technical textile utilized in geotechnical applications are gaining rapid traction over the assessment period owing to growing environmental concerns. This factor is expected to bolster the demand for geotechnical textiles.
• In addition to that, neon dyes utilized in athletic apparel offer highly reflective properties, supporting safety measures for athletes competing in cross-country and marathon events. Owing to such numerous properties, the demand for dyes for the production of technical textiles is constantly increasing.
• One of the prominent factors inhibiting the growth of the textile dye market is its low sustainability. It has been estimated that more than 1,000 liters of water are required to produce 1 kg of dye. In addition, the dyeing process consumes a significant amount of water, which results in the degradation of the environment. Furthermore, throughout the dyeing process, a large amount of dye is combined into the wastewater, causing pollution of natural water resources.
• Several prominent environmental authorities and regional governments have strictly regulated the wastes from dyeing industries and imposed restrictions on the use of hazardous chemicals during the manufacturing processes. The surging development of natural dyes and the promotion of biodegradable materials can benefit the market to expand in spite of these regulations.

Competitive Landscape

The market is fragmented and diversified with the presence of major company players offering over 10,000 variants of textile colorants. Prominent market players in textile colorants are concentrating on product innovations and partnerships with other market players to increase their portfolio & consumer base.

In addition to that, the rapid expansion of strategy incorporates expansions, and geographical expansions in the emerging economies to bolster the stronghold in the market. Dominant market players are investing in research and innovations for product development along with introducing sustainable products to minimize the carbon footprint.

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Key Companies Profiled: –

• Huntsman Corporation
• LANXESS AG
• KRONOS Worldwide, Inc.
• Kiri Industries Ltd.
• Atul Ltd.
• Allied Industrial Corp. Ltd.
• Archroma Management LLC
• DyStar Group
• Standard Colors, Inc.
• Dye Systems, Inc.
• DuPont
• BASF SE
• Jay Chemical Industries Ltd.

More Insights into the Textile Colorant Market

China is anticipated to be the world’s largest producer of dyes and is expected to remain one of the crucial producers of textile colorants all over the world attributing to substantial growth in the manufacturing industry. China is expected to witness a growth rate of about 5.8% over the period of 2022 and 2032.

Textile Colorant Market Segmentation

By Product Form:

• Powder
• Granules
• Paste
• Liquid

By Application:

• Apparel
• Household
• Technical Textiles
• Automotive
• Accessories

By Dye Type:

• Reactive Dye
• Acid Dye
• Direct Dye
• Disperse Dye
• Basic Dye

By Fibre Type:

• Wool
• Nylon
• Cotton
• Polyester
• Acrylic
• Acetate
• Rayon

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

to be continued…!

About FMI

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/textile-colourant-market
For Sales Enquiries: sales@futuremarketinsights.com
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