Global Selective Laser Sintering Equipment Market Revenue to Exceed USD 4.2 Billion by 2033, Driven by 18.6% CAGR Growth

The global selective laser sintering (SLS) equipment market revenue is anticipated to reach USD 4.2 billion by 2033, up from USD 765 million in 2023. Future Market Insight estimated a remarkable CAGR of 18.6% for the market between 2023 and 2033.

SSLS 3D printing technology is capable of producing complex and customized products with unparalleled accuracy and precision. The demand for customized and complex parts is increasing across various industries. More effective and affordable SLS equipment has been developed as a result of the ongoing developments in additive manufacturing. SLS equipment is also deployed to produce medical implants and prosthetics. These factors are driving the SLS equipment market growth.

SLS technology is a sustainable and eco-friendly manufacturing process. Given the increasing focus on sustainability in various industries, this technology is gaining popularity. SLS equipment is also utilized for the production of functional parts, rather than just prototyping. Metal-based SLS printing is gaining popularity for high-performance applications. This type of SLS equipment has the ability to produce parts with high strength and durability.

The high initial investment required for setting up SLS equipment could be a barrier for small and medium-sized enterprises. The limited availability of raw materials for SLS printing could result in supply chain disruptions. Moreover, there is a shortage of skilled workforce with expertise in SLS equipment. These factors could affect the adoption of SLS 3D printers.

The market is projected to witness several growth prospects. The development of new and innovative SLS materials is likely to expand the SLS equipment applications in various industries. The integration of SLS technology with Industry 4.0 technologies is also expected to improve production efficiency and enable smart manufacturing. Furthermore, the education and research sectors are anticipated to witness a growing demand for SLS equipment for research and development.

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Key Takeaways

  • The SLS equipment market in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 17.6% through 2033.
  • The market in the United States is expected to upsurge at 17.3% CAGR during the forecast period.
  • With a CAGR of 17.9% over the forecast period, the market in Japan is predicted to develop rapidly.
  • The market in China is expected to proliferate significantly, registering a CAGR of 19.6% from 2023 to 2033.
  • South Korea is estimated to grow considerably registering a CAGR of 19% until 2033.

Competitive Landscape

Selective laser sintering equipment market players are investing in research and development to improve the efficiency of SLS equipment. They are also expanding their product portfolios and global footprint through strategic partnerships and acquisitions. They are also focusing on offering customized solutions to meet specific customer requirements. Since the demand for 3D printing is increasing in various industries, they are offering cost-effective and innovative solutions to attain a competitive edge.

Key Players:

  • 3D Systems Corporation
  • EOS GmbH
  • Farsoon Technologies
  • Prodways Group
  • Formlabs, Inc

Recent Developments

  • In order to improve the development of materials for additive manufacturing, 3D Systems, and EMS GRILTECH announced their strategic alliance in June 2022. Both businesses are going to introduce a brand-new nylon copolymer called DuraForm PAx Natural, which can be utilized with any SLS printer on the market.
  • Prodways Tech introduced the ProMaker P1000 S, a new industrial SLS 3D printer. The ProMaker P1000 S 3D printer, which is based on Selective Laser Sintering technology (SLS®), offers inexpensive series manufacturing while addressing the demands of industrial production.

Selective Laser Sintering Equipment Market Segmentation:

By Laser Type:

  • Solid Laser
  • Gas Laser

By Material:

  • Metal
  • Nylon

By Application:

  • Tooling
  • Heavy Equipment & Machinery
  • Robotics

By Industry:

  • Automotive
  • Aerospace & Aeronautics
  • Consumer Goods
  • Machinery & Equipment
  • Art and Fashion
  • Medical Devices
  • Others

By Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Australia Concrete Pump Industry: CAGR of 6.0% and US$ 372.3 Million Expected by 2033

The Australia Concrete Pump Market is poised for significant growth driven by the increasing demand from the thriving construction industry. With its ability to deliver high accuracy and top-notch quality in concrete pouring, concrete pumps are becoming increasingly sought after. As construction projects continue to rise in scale and complexity, the demand for these efficient pumping solutions is expected to surge, cementing their position as a crucial component of the construction process.

According to Future Market Insights (FMI), the Australia Concrete Pump Market will be worth US$ 372.3 Million by 2033. It is expected to grow at an astounding 6.0% CAGR from 2023 to 2033. The market is expected to record a valuation of US$ 208.4 Million in 2023.

Australia concrete pump industry is set to be pushed by rising demand from the construction industry. Concrete pumps offer high accuracy and quality in terms of concrete pouring, which is expected to augment their demand.

Concrete pumps are considered to be essential equipment in the construction sector across Australia. Their ability to efficiently transfer liquid concrete from a mixing truck to the concrete site is likely to make them immensely popular. High demand for residential and commercial buildings in the country is projected to accelerate concrete pump demand in the forecast period.

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The government of Australia is estimated to invest in several infrastructure projects such as roads, bridges, and public transportation. Such projects require concrete pumps and the factor is set to lead to increased demand across different regions in Australia.

The growing usage of building information modeling (BIM) to create digital models of construction projects is another crucial factor that would drive sales. Concrete pumps are expected to be integrated with BIM models in Australia in the next ten years.

These would also allow for accurate planning and execution of concrete placement. These pumps are also expected to aid in reducing waste and improving concrete efficiency.

Key manufacturers are developing automated concrete pumping systems that are self-level, self-compacting, and self-smoothing. These systems are likely to help in correcting concrete consistency without any interventions.

Key Takeaways:

  • By type, mobile concrete pumps are estimated to create an incremental opportunity of US$ 123.0 Million during the forecast period.
  • In terms of end-use, the residential segment is anticipated to exhibit a CAGR of 5.8% from 2023 to 2033.
  • Queensland region is projected to hold a market share of about 24.8% by the end of 2023.
  • New South Wales is expected to generate an Australia concrete pump industry share of around 22.0% in 2033.
  • The Tasmania concrete pump market is anticipated to hold a share of 4.9% in 2023.

‘Need for highly sustainable construction practices is expected to boost sales of concrete pumps in Australia through 2033. Concrete pumps can help to reduce waste and improve efficiency in the construction process, which can have a positive impact on the environment.’– says a lead analyst at FMI.

Competitive Landscape:

Australia concrete pump market is fairly consolidated owing to the presence of prominent players across various regions. Unorganized players are estimated to account for around 25% to 30% of market shares. Prominent players are focusing on the development of new products and are collaborating with dealers to meet changing requirements of consumers.

For instance,

  • In November 2022, A China-based manufacturer called SANY Group increased emphasis on the creation of new products and invested in research initiatives to boost its position. It specializes in the research, manufacturing, and global distribution of machinery and equipment for the construction industry.
  • In February 2022, Zoomlion Heavy Industry Science & Technology Co., Ltd. announced that it creates and produces high-tech equipment. The company has primary consumers in the technical and agricultural sectors. It is actively pursuing strategic transformation in an effort to become a producer of high-end machinery. By fusing financial services, agricultural equipment, and technical equipment, it aims to expand its presence.

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The research report analyzes the market demand trends of the Australia concrete pump industry. The market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of concrete pumps.

As per Future Market Insights (FMI) research scope, the Australia concrete pump market has been studied and segmented on the basis of type (static concrete pump, mobile concrete pump, specialized concrete pump), end use (residential, commercial, industrial), and region. The report provides qualitative and quantitative information on various players in the market. This report also tracks the supply and demand sides of the market.

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 favour 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
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For Sales Enquiries: sales@futuremarketinsights.com

FMI States Global Transformer Tap Changers and Voltage Control Relay Market Share to Surpass USD 2357.1 Million by 2033, Driven by 4.9% CAGR

The market for transformer tap changers and voltage control relays is anticipated to be worth more than USD 2357.1 Million by 2033. It is predicted to increase by 4.9% yearly.

Over the course of the projection period, sales of transformer tap changers and voltage control relays are expected to grow at a respectable CAGR of 4.9%. The market is predicted to reach its peak value of USD 2357.1 Million in 2033.

The market for high-power transformers is expanding rapidly as a result of the need for high-capacity power plants and the increasing demand for electricity. Transformer devices are hence used to enable the transmission of power across greater distances through interconnected networks.

Tap changers are a crucial part of transformer systems as they can maintain a constant voltage within the constraints of the transformer. These can also guarantee the unbroken operation of the machinery and maintain it for use in large power networks or industries.

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In emerging countries, the expansion of the housing market is increasing the need for dependable electricity sources. The need for transformer accessories and components such as tap changers, voltage relays, and other related products, is hence growing.

Leading companies should profit from consistent growth opportunities as medium- and small-sized enterprises become more and more recognized. They aim to be a viable alternative for individuals looking to invest in infrastructure development.

Several regional administrations have varied plans for electrification, including the construction of hydroelectric facilities and the electrification of rural areas. It is predicted that these will help to raise the need for transformers. The market is expected to be propelled by the increased reliability of transformers due to retrofit possibilities for reducing maintenance costs.

Key Takeaways from the Transformer Tap Changers and Voltage Control Relay Market Study:

  • By phase type, the three-phase segment is estimated to account for a significant share of 59% in 2023.
  • On the basis of application, the industry segment is likely to dominate the market and create an incremental opportunity of USD 219.4 Million from 2023 to 2033.
  • The global transformer tap changers and voltage control relay industry is anticipated to provide a total revenue potential of USD 892.90 Million in the period of assessment.
  • Germany transformer tap changers and voltage control relay industry is anticipated to expand at a CAGR of 4.4% in the next ten years.
  • China transformer tap changers and voltage control relay industry is expected to flourish at 6% CAGR from 2023 to 2033.

“Urgent requirement for effective power transmission and distribution systems is projected to drive the market. Through 2033, the market is also expected to be influenced by the world’s aging power infrastructure and rising electricity demand. Reliability is a major issue for modern consumers. Manufacturers in the market would find significant growth opportunities in innovating towards this end.” says a lead analyst at Future Market Insights (FMI).

Competitive Landscape:

The global transformer tap changers and voltage control relay market is moderately consolidated with few global players acquiring around 40% to 50% of shares. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their presence.

Key Companies Profiled:

  • Siemens AG
  • ABB Ltd
  • Hitachi Energy Ltd
  • Brush (FKI Group)
  • Maschinenfabrik Reinhausen GmbH
  • Schneider Electric
  • Rockwell Automation
  • Schweitzer
  • Toshiba Corporation
  • Mitsubishi Electric Corporation
  • Eaton

Recent Developments:

  • In September 2022 , General Electric announced that it had developed a new grid management system. This new system provided advanced voltage control and transformer tap changer technology, ultimately improving the efficiency and reliability of power systems.
  • In December 2022 , Siemens revealed that it had supplied its advanced voltage control technology to the Grid Asset Management project in the UK. This project specifically aims at improving the durability of the country’s power grid.

Market Outlook by Category :

By Phase:

  • Single Phase
  • Three Phase

By Application:

  • Industrial
  • Utility and Grid
  • Commercial
  • Others

By Product Type:

  • Transformer Tap Changers
    • Off-circuit Tap Changer
    • On-circuit Tap Changer
  • Voltage Control Relays
    • DIN Rail
    • Panel Mounted

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • Central Asia
  • Russia and Belarus
  • Balkan and Baltic Countries
  • South Asia and Pacific
  • Middle East and Africa

Browse Related Reports:

The pipe market is projected to be valued at USD 146.38 billion by 2024 and rise to USD 238.67 billion by 2034.

The global dredging industry share is estimated to reach a value of nearly USD 20,638.92 million by 2034.

The industrial valve market is expected to be valued at around USD 123.05 billion by 2034.

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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USA Scroll Compressor Market: CAGR of 4.9% and US$ 1,703.6 Million Projected by 2033

The USA Scroll Compressor Market is experiencing rapid expansion, primarily fueled by the surging demand for energy-efficient systems. As environmental consciousness continues to rise among consumers and businesses alike, the need for sustainable cooling and refrigeration solutions has become paramount. These factors collectively contribute to the significant growth in sales of scroll compressors as they offer advanced technology and superior performance, aligning perfectly with the market’s current demands.

The USA scroll compressor market is projected to reach US$ 1,703.6 Million in 2033, growing at a CAGR of 4.9% from 2023 to 2033, per a recent market report by Future Market Insights (FMI).

The market for scroll compressors in the USA is expanding quickly, mostly due to the rising need for energy-efficient systems. Rising environmental consciousness and expanding demand for cooling and refrigeration systems are other significant factors driving this market’s sales.

Along with this factor, prominent players are focused on acquisitions, mergers and partnerships with regional players. Furthermore, the leading players are expanding their range of compressors compatible with low GWP refrigerates. This is particularly happening in regions which have strict norms against the use of high GWP refrigerants, like the USA.

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The USA scroll compressor industry is driven by several additional factors, like the growth of the service industry and the oil-free scroll compressor segment.

The market, however, also faces some challenges. A few of these would be intense competition and fluctuating raw material prices. The market has only recently begun recovering from the impact of COVID-19 and political instability from the Ukrainian crisis on supply chains.

These factors may hinder the growth of the market in the short term, but the long-term outlook remains positive due to the increasing demand for sustainable and energy-efficient solutions.

Key Takeaways:

  • Over the course of the forecast period, the market share of the refrigeration sector is estimated to grow to about 80% of the total value.
  • The total revenue from the USA scroll compressor market in 2022 was calculated to be around US$ 1013.2 Million.
  • Scroll compressor sales in the USA are expected to hit US$ 1056.7 Million by 2023 end.
  • The USA scroll compressor market is projected to hit a value of US$ 1703.6 Million by the end of the forecast period 2023 to 2033.
  • The CAGR for the forecast period 2023 to 2033 is estimated to be 4.9%.
  • The estimated collective value share of the top 5 companies is set at 25-30% by 2023 end.

“Rising sustainability concerns have permeated all industries across the globe. Even in the face of intense refrigeration and cooling requirements, environmental concerns have emerged as crucial factors influencing the choice of materials and production processes in the USA scroll compressors industry. Manufacturers would find significant growth opportunities in catering to the HVAC segment, which is predicted to keep growing substantially over the forecast period.”– says a lead Analyst.

Competitive Landscape:

Market participants vie with one another in terms of quality, price, performance, dependability, and novelty. Companies strive to stay ahead of the competition by continually innovating and expanding their product lines to meet the diverse needs of their customers. Large sums are also spent on research & development to enhance product quality and functionality by businesses.

The major players in the market are working to expand their customer base by improving their distribution channels and offering after-sale services like repairs and set-up. To raise awareness of their products, the major players use a wide range of promotional tactics, such as paid search advertising, social media marketing, and attendance at industry events.

Some key players in the market covered in the report are Midea Group (GMCC), Daikin Compressor Industries Limited, Zhuhai Landa Compressor Co. Ltd. (Gree), Panasonic Corporation, and LG Electronics.

Recent developments:

  • In November 2021, Emerson announced the launch of its new Copeland ZX scroll compressor range for commercial refrigeration applications.

Find More Valuable Insights:

The research report analyzes the demands and trends of the USA scroll compressor market. The global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of scroll compressors. As per Future Market Insights (FMI) research scope, the scroll compressor market has been studied and segmented on the basis of type and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

USA Scroll Compressor Market by Category:

By Type:

  • Air Conditioning
    • Residential (1HP to 6HP)
    • Commercial (7.5 HP to 30 HP)
  • Refrigeration
    • Condensing units (1 HP to 10HP)
    • Industrial (10HP to 30 HP)

By Region:

  • West USA
  • Mid-West USA
  • North East USA
  • South USA

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, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

FMI Analysis Affirms USA Hydrogen Electrolyzer Market Share to Exceed USD 790.8 Million by 2033, Driven by an Outstanding 23.8% CAGR

The USA hydrogen electrolyzer market is poised for remarkable growth, with projections indicating a robust CAGR of 23.8% from 2023 to 2033. By 2033, it is expected to attain a valuation of approximately USD 790.8 million, marking substantial expansion from the anticipated valuation of around USD 93.2 million in 2023.

Notably, the demand for polymer electrolyte membrane (PEM) electrolyzers is anticipated to play a pivotal role, contributing to over 45% of the market value share by 2023. This significant market share is attributed to the sustained demand for supplementing the natural gas grid to enhance efficiency and facilitate vehicle fueling.

Hydrogen-producing electrolyzers serve as pivotal devices, employing electrolysis to produce hydrogen through the separation of oxygen and hydrogen molecules, driven by electrical energy. As the market continues to evolve, these electrolyzers are expected to play a crucial role in meeting the growing demand for hydrogen across various sectors.

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Growth Factors

The surge in demand for hydrogen electrolyzers in the USA can be attributed to several factors, including legislative initiatives aimed at reducing carbon emissions and increasing financial backing for renewable energy initiatives. The market stands to witness significant growth with the emergence of new and more efficient electrolyzer technologies.

Government-led endeavors to mitigate carbon emissions play a pivotal role in propelling sales of hydrogen electrolyzers. In the USA, legislative measures and policies are actively promoting the adoption of sustainable energy alternatives, particularly hydrogen fuel.

For instance, the USA General Services Administration (GSA) has committed to transitioning to exclusively renewable energy sources for its federal real estate portfolio by the year 2025.

Moreover, the hydrogen electrolyzer industry is expected to receive a boost from substantial adaptations in manufacturing processes triggered by the pandemic in 2020. As businesses pivot towards cleaner, more reliable, and environmentally friendly energy sources, strategic alignment becomes imperative.

Market Trends

The utilization of hydrogen in refinery hydro-processing has witnessed a notable uptick in recent years, along with a growing presence in various secondary end-user sectors, driving demand in the USA.

Specifically, the USA has experienced a significant surge in the demand for hydrogen, particularly in the production of ultra-low sulfur diesel fuel.

Furthermore, the escalating demand for environmentally sustainable energy sources has propelled the market expansion of hydrogen electrolyzers in the USA. This surge is fueled by the increasing preference for cleaner energy alternatives.

Additionally, there is a notable trend towards on-site hydrogen generation among diverse end users, owing to several compelling environmental and economic advantages. These benefits include reduced transportation costs and emissions, as well as mitigated risks associated with gas handling and storage inadequacies.

Key Companies

  • ABB Ltd.
  • Bloom Energy
  • Nel Hydrogen
  • Air Liquide
  • Plug Power Inc.
  • Giner Inc.
  • Ballard Power Systems
  • ITM Power Plc
  • Siemens AG
  • Tianjin Mainland Hydrogen Equipment Co. Ltd
  • Gaztransport & Technigaz
  • Pure Energy Centre
  • Idroenergy
  • Erredue SpA
  • Swiss Hydrogen SA
  • Shandong Saikesaisi Hydrogen Energy Co., Ltd.
  • Next Hydrogen

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USA Hydrogen Electrolyzer Market Outlook by Category

By Product Type:

  • Polymer Electrolyte Membrane (PEM) Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

By Capacity:

  • Low (<= 150 kW)
  • Medium (150kW to 1mW)
    • 150 to 400 kW
    • 400 to 750kW
    • 750 to 1mW
  • High (> 1mW)
    • 150 to 400 kW
    • 400 to 750kW
    • 750 to 1mW

By Outlet Pressure:

  • Low (≤10 bar)
  • Medium (10 bar to 40 bar)
  • High (≥ 40 bar)

By End-use Industry:

  • Ammonia
  • Methanol
  • Refinery/Hydrocarbon Processing
  • Electronics
  • Energy
  • Power to Gas
  • Transport
  • Metal Production & Fabrication
  • Pharma & Biotech
  • Food & Beverages
  • Glass Industry
  • Others

By Region:

  • West USA
  • Midwest USA
  • Northeast USA
  • South USA

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Cloud Printing Services Market Anticipated to Reach $4,614.1 Million by 2033, Growing at a CAGR of 11.7% | Key Manufacturers and Driving Factors

Cloud Printing Services Market

Cloud printing services are predicted to reach US$ 4,614.1 million by 2033, growing at a compound annual growth rate (CAGR) of 11.7% from US$ 1,521.5 million in 2023. Between 2018 and 2022, the biscuit mixes market grew at a compound annual growth rate (CAGR) of 9.6%.

A cloud printing service is an electronic offering that enables users to print from any networked device.Cloud printing services (CPS) have made it possible for users to print documents and other materials from any device that has a cloud connection.

Business or corporate users create content by using software tool and transfer it to cloud printing service provider via any device and then routes the file to a cloud-attached printer at a place selected by the user. Cloud printing service may be open that hosted by a company which aids other businesses to use its hardware, software, and network to produce printed documents.

Cloud printing services can also be a closed network that will only allow the enterprise users. Cloud printing supports end users, whether professional buyers or consumers, to have documents printed without being overloaded by printing equipment and can deliver anywhere.

Like other cloud services, a cloud printing service is a software as a service (SaaS) platform provider or provide remotely provided solutions. In the case of a print service, there is a model where the system provides the digital information to a network point where the printer can collect it.

Cloud printing aids business users in managing their print operation from any device which gives unmatched elasticity in the retrieval of printer fleet and also provides driverless printing from mobile phones or Chrome book through Google cloud. Cloud printer don’t require any PC connection for a print driver.

Cloud Printing Services Market: Market Dynamics 

Fewer software drivers are needed to connect a particular device to a printer, digital information directly from the cloud service, which results in reliable printing service across system composed of different parts of hardware and cloud printing services offers service to print remotely from various locations.

The increase in business efficiency, the proliferation of mobile devices, mobile workforce is growing, constant and secure internet access, and reduction in infrastructure management costs, etc. are the drivers of cloud printing services market.

Data-protection challenges, privacy issues, administrators require comprehensive reporting on user behavior are the restraints of cloud printing services market.

Reduction in costs, increased security, and mobility in printing services creates opportunities for cloud printing services market.

Segmentation Overview 

Cloud printing services market segmented by cloud type, verticals, platform, and region. By cloud type, the cloud printing servicesmarket segmented into the public, private and dual cloud. By verticals, the cloud printing services market segmented into manufacturing, information technology, healthcare, education, hospitality, logistics & transportation, government, financial services and telecommunication. By platform, the cloud printing services market segmented into android phones, Windows PC, iPad, and Mac.

Cloud Printing Services Market: Competition Landscape 

Few prominent players in cloud printing services market include IMS Group Ltd., Google Inc., UniPrint.net., Kyocera International, Inc., ezeep GmbH, Genius Bytes Software Solutions, Cortado Inc. and Cirrato Technologies AB.

Cloud Printing Services Market: Regional Outlook 

Presently, North America is holding the dominant market share for cloud printing services market due to high adoption of cloud printing services which enables to print documents anywhere, anytime from the cloud. Western Europe region is witnessing high growth rate due to the increasing demand for printer fleet management and managed printed services (MPS) offerings followed by Asia Pacific region in cloud printing services market.

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 includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.

The report covers exhaustive analysis on 

  • Global Cloud Printing Services Market Segments
  • Global Cloud Printing Services Market Dynamics
  • Historical Actual Market Size, 2014 – 2015
  • Global Cloud Printing ServicesMarket Size & Forecast 2016 to 2027
  • Supply & Demand Value Chain for Cloud Printing ServicesMarket
  • Global Cloud Printing ServicesMarket Current Trends/Issues/Challenges
  • Competition & Companies involved in Cloud Printing ServicesMarket
  • Cloud Printing ServicesTechnology
  • Value Chain of Cloud Printing Services
  • Global Cloud Printing ServicesMarket Drivers and Restraints

Key Segments Profiled In The Cloud Printing Services Industry Survey

Cloud Printing Services Market by Cloud Type:

  • Public Cloud Printing Services
  • Private Cloud Printing Services
  • Dual Cloud Printing Services

Cloud Printing Services Market by Platform:

  • Cloud Printing Services for Android Phones
  • Cloud Printing Services for Windows PC
  • Cloud Printing Services for Mac
  • Cloud Printing Services for iPad

Cloud Printing Services Market by Verticals:

  • Cloud Printing Services for Information Technology
  • Cloud Printing Services for Healthcare
  • Cloud Printing Services for Education
  • Cloud Printing Services for Hospitality
  • Cloud Printing Services for Manufacturing
  • Cloud Printing Services for Logistics & Transportation
  • Cloud Printing Services for Government
  • Cloud Printing Services for Financial Services
  • Cloud Printing Services for Telecommunication

Cloud Printing Services Market by Region:

  • North America Cloud Printing Services Market
  • Latin America Cloud Printing Services Market
  • Europe Cloud Printing Services Market
  • Middle East & Africa Cloud Printing Services Market
  • Asia Pacific Cloud Printing Services Market

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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United Kingdom Photovoltaic Mounting System Market Revenue to Surpass USD 1,643.8 Million by 2033, Growing at 8.4% CAGR

The United Kingdom photovoltaic mounting system market has exhibited significant growth, achieving a valuation of USD 678.0 million in 2022. Forecasts indicate a robust compound annual growth rate (CAGR) of 8.4% from 2023 to 2033, propelling the market to reach USD 1,643.8 million by 2033. This trajectory underscores the nation’s steadfast commitment to sustainable energy solutions.

Within this thriving market, ground-mounted PV systems take center stage, projected to contribute over 40% of the market’s value share in 2023. This trend underscores the widespread adoption of ground-mounted systems, highlighting their effectiveness and efficiency in harnessing solar power across the United Kingdom.

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Key Insights from the Study on the United Kingdom Photovoltaic Mounting System Market:

  • The photovoltaic mounting system sector in the United Kingdom is poised to experience robust growth, projected at an impressive 8.4% CAGR until 2033.
  • Anticipated to surpass USD 1,643.8 million by 2033, the market’s value in the United Kingdom is on a significant upward trajectory.
  • Segmented by product type, the ground mounted photovoltaic system is expected to dominate, capturing approximately 59% of the market share throughout the projected period.
  • In terms of sales channels, the B2C segment is predicted to hold a substantial share, accounting for over 37% of the United Kingdom’s market.
  • Across end-use categories, the residential segment is set to thrive with a noteworthy 9.3% CAGR over the coming decade.

Expanding Opportunities in the United Kingdom Photovoltaic Mounting System Market:

In recent times, the United Kingdom has emerged as a highly promising market for manufacturers of photovoltaic mounting systems. This growing trend can be attributed to the increasing embrace of renewable energy sources and the presence of favorable government initiatives.

Government-driven programs, such as the Feed-In Tariff (FIT) scheme, have significantly contributed to this positive momentum. The FIT scheme offers attractive financial incentives to both homeowners and businesses for adopting renewable energy systems, including photovoltaic mounting solutions.

Playing a pivotal role in advancing renewable energy utilization, the Renewable Energy Association (REA) is actively promoting the adoption of such technologies across the United Kingdom.

The synergy between government incentives and the proactive efforts of industry bodies like the REA is set to fuel the continued adoption of photovoltaic systems throughout the United Kingdom. This collective drive will further facilitate the expansion of the United Kingdom’s photovoltaic mounting system market.

Moreover, the ongoing innovation in photovoltaic mounting systems is expected to inject fresh momentum into the market’s growth trajectory, projecting positive outcomes well into 2033.

Competitive Landscape:

Leading manufacturers and providers of photovoltaic mounting systems include Unirac Inc., Schletter Inc., SunPower Corporation, Mounting Systems GmbH, and Renusol GmbH.

These companies offer a wide range of PV mounting systems, including rooftop, ground-mounted, and floating systems, and are continuously innovating their products to stay ahead in the market.

United Kingdom Photovoltaic Mounting System Market Segmentation:

By Product Type:

  • Rooftop
  • Ground Mounted
  • Carport Mounting Structure

By Sales Channel:

  • Business to business(B2B)
  • Business to Customer(B2C)

By Material Type:

  • Aluminum
  • Steel
  • Others

By Technology:

  • Fixed
  • Tracking

By End Use:

  • Residential
  • Commercial
    • Offices
    • Recreational Areas
    • Educational Institution
    • Hospitality
    • Healthcare Facilities
    • Others
  • Industrial
  • Municipal and Government Facilities
  • Others

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The global solar panels industry is estimated to surge beyond USD 405.9 billion valuation by 2034 end.

The global solar shading system market share anticipated to exceed USD 5.72 Billion by the 2032 end.

The global solar microinverters demand is forecasted to expand at a robust CAGR of 18.1% from 2022 to 2032.

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Website: https://www.futuremarketinsights.com
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Plant Asset Management Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2033

The global plant asset management market is estimated to capture a valuation of US$ 7.0 billion in 2023 and surpass a valuation of US$ 21.4 billion by 2033s. The market is estimated to rise at a CAGR of 11.4% during the forecast period.  

Why is the Adoption of Plant Asset Management Surging Among End-Use Industries?  

The adoption of plant asset management is surging among end-use industries in several ways. These are as follows: 

  • Cost Reduction and Efficiency: Plant asset management reduces cost and optimizes operations by improving reliability and downtime and maximizing equipment utilization. Companies increase the adoption of plant asset management to ensure asset safety and maintenance processes and save costs. 
  • Enhance Asset Performance: Plant asset management analyzes asset performance by monitoring real-time. It collects data and utilizes and collects operational parameters.  
  • Regulatory Compliance: Several industries regulate plant asset management due to environmental impact, and ensuring safety standards. It offers functionality and tools for monitoring, reporting, and documentation that meet organizations’ requirements effectively.  
  • Shift Towards Predictive Maintenance: Industries and organizations focus on quick maintenance practices compared to traditional ones. The plant asset management can analyze data, monitor asset conditions, and perform predictive modeling. This approach reduces downtime and maximizes asset availability. 
  • Technological Advancements: The rapidly growing advanced technology such as cloud computing, artificial intelligence, and the Internet of Things drives the global market. These technologies allow real-time monitoring by advanced sensors, detect patterns, and identify anomalies. These technologies improve plant asset management to be more scalable, effective, and accessible. 
  • Growing Focus on Asset Lifecycle Management: Industries are focused on managing assets throughout the entire lifecycle. These assets track, optimize, monitor, and utilize the performance of the assets. 

Key Takeaways: 

  • The plant asset management market is estimated to secure a CAGR of 11.4% with a valuation of US$ 21.4 billion by 2033. 
  • In the historical period, the market registered a CAGR of 9.6% with a valuation of US$ 6.4 billion in 2022. 
  • The oil and gas sector dominates the global market by securing a massive share worldwide.  
  • The United States is dominating the global market by securing a share of 15.8% during the forecast period. 
  • Germany is estimated to capture a share of 11.8% of the global market by 2033. 
  • China is estimated to capture a CAGR of 10.5% in the global market during the forecast period.  

How are Key Players Adding Value in the Global Market?  

The prominent players consolidate the market presence globally. These players are investing their million-dollar amount in research and development activities to develop unique and innovative products as per consumers’ requirements. They significantly drive the global market through deep analysis and adopting marketing strategies and tactics. 

The key players are adopting various marketing tactics, including collaborations, agreements, acquisitions, mergers, and product launches. These players get consumer feedback, suggestions, and requirements to satisfy their desires. 

Recent Developments in the Global Market are: 

In 2022, Emerson announced its new manufacturing facility in Chennai. The company integrated the manufacturing plant to enhance the company’s portfolio through various strategies. 

Plant Asset Management Market by Category

By Component:

  • Plant Asset Management Solution
  • Asset Lifecycle Management
  • Predictive Maintenance
  • Work Order Management
  • Inventory Management
  • Plant Asset Management Service
  • Professional Service
  • Managed Service

By Deployment:

  • Cloud
  • On-premise

By Asset Type:

  • Production
  • Automation

By End User:

  • Energy & Power
  • Oil & Gas
  • Petrochemicals
  • Mining & Metals
  • Aerospace & Defense
  • Automotive
  • Other End Users

By Region:

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

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
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Air Filters Market Insights: Rising at a 6.26% CAGR by 2033, Projected Value of US$ 30.33 Billion

The Air Filters Market is experiencing a significant upsurge, fueled by a growing emphasis on regulatory initiatives aimed at enhancing air quality worldwide. Governments of various countries are taking proactive measures by implementing stricter regulations and standards to curb air pollution, which, in turn, has spurred a surging demand for advanced air filtration systems.

The air filters market size is expected to increase from US$ 16.53 billion in 2023 to US$ 30.33 billion by 2033, at a CAGR of 6.26%.

The primary driver of the market is the increasing awareness of the health hazards associated with air pollution, which is responsible for over 7 million premature deaths worldwide each year.

Regulatory initiatives aimed at improving air quality are also driving the market, with many countries implementing stricter regulations on air quality, which has led to increased demand for air filtration systems.

The types of air filters available in the market include HEPA filters, activated carbon filters, electrostatic filters, UV-C filters, and others. HEPA filters are the type of filter that is extensively used, as they can remove particles as small as 0.3 microns with high efficiency. In 2022, the HEPA segment acquired a prominent share of the industry, accounting for 40.3% of global revenue.

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Air purifiers are used in schools, malls, conference centers, workplaces, hospitals, hotels, theaters, and other commercial settings such as recreation centers and amusement parks.

Rising urban air pollution levels pose challenges for local governments. As more than 70% of the millennial population works indoors, an increase in cases of fine dust and infectious disease has been noticed.

This growth is due to increasing pollution levels and rising demand for air filters in residential and commercial areas, with further expansion expected as public awareness of the health risks associated with air pollution increases.

However, technological limitations to the air filters combined with low awareness among the population may act as a barrier to market expansion. Nevertheless, rigorous research and development activities with constant support from regulatory authorities are more likely to liquidate these challenges.

Key Takeaways

  • Dust collectors are gaining ground and are anticipated to account for more than 28% of revenue in 2022 due to their ability to control air quality.
  • MIS collectors, baghouse filters, and cartridge filters are expected to support market expansion in addition to having a sizable air filter market share.
  • In 2022, the commercial segment took control of the sector, accounting for 57.0% of global revenue.
  • The North American air filter market is expected to be worth US$ 9.63 billion by 2033, at a CAGR of 6.3% during the forecast period.
  • The European market is expected to record a consistent revenue CAGR of 6.4%.
  • FMI predicts that the India air filter market is likely to record a CAGR of 11.97% during the forecast period and is likely to reach a market valuation of US$ 1,966.71 million by 2033.

Competitive Landscape

Prominent key players are focusing on acquiring mid-sized companies to expand their global presence. For example, Daikin Industries, Ltd. subsidiaries AAF and Nippon Muki Co. Ltd. are focusing on developing product portfolios for applications in engineering fields, factories, and buildings, among others. Furthermore, market participants are focused on producing effective filters at low manufacturing costs.

Recent Developments

  • PURAFIL, INC. installed ‘PuraShield Smart 1000 portable filtration systems’ in September 2020 to improve indoor air hygiene at Northwestern University Athletics & Recreation. It is a multi-stage original filtration solution that removes nearly 99.99% of aerosols from the air, including bacteria and viruses.
  • MANN+HUMMEL and its subsidiary Tri-Dim Filter Corporation began supplying HEPA Filters in Ford respirators in April 2020. Germs, microbiological contamination, and viruses are reliably removed from the supply air by these H13 HEPA Filters.

Key Segments Covered in the Market Report

By Type:

  • Cartridge filters
  • Dust collector
  • HEPA filters
  • Baghouse filters
  • Others (Mist filters)

By End User:

  • Residential
  • Commercial
  • Industrial

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Cloud-based Backup Services Market: Analyzing the Remarkable 16.1% CAGR Trend

The global cloud-based backup services market is expected to be worth US$ 3,877.0 million in 2022, rising to US$ 17,550.0 million by 2032. During the forecast period of 2022–2032, the market is expected to grow at a CAGR of 16.3%. Cloud-based backup services help enterprises to back up their data and also help to deliver a copy of data over a public network to an off-site server.

The cloud-based backup services play a vital role in intelligent business continuity policy. Cloud-based backup services have several benefits such as security, storage, and virtualization which helps organizations relieve data security concern associated with cloud computing. The cloud-based backup services market is gaining traction rapidly owing to the growing demand for big data, social networking, and increasing usage of database management solutions in enterprise applications.

The cloud-based backup services market is a rapidly growing sector focused on providing secure and scalable data backup solutions for businesses and individuals. It offers off-site storage, automated backups, and disaster recovery options, reducing reliance on physical infrastructure and enhancing data accessibility and protection. Key players include industry giants like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform, along with numerous specialized providers catering to diverse needs and industries.

Drivers and Challenges:

The increasing demand to reduce organization IT spending is one of the major factors driving the cloud-based backup services market. The cloud-based backup solution provides application and infrastructure support to organizations at very low cost than on-premises storage solutions.

Cloud backup services allow customers to manage several virtualized environment and offer disaster recovery. Improved organizational productivity, stringent security, and regulatory policies are other factors that are driving the growth of cloud-based backup services in a positive manner.

Compliance issues and Latency in data transfer are the major restraints faced by cloud based backup services market.

Regional Overview:

Presently, North America holds the largest market share of cloud-based back up services owing to the increasing competition of public cloud service providers, and enterprise mergers to increase product lines and services.

In the APAC and EMEA region, the market of cloud-based managed services is growing gradually owing to enterprises are developing their IT infrastructure and looking for adopting new technologies in countries like India and China.

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, applications, and industries.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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