Market Research Blog – Page 10612 – New Product Development

Multicarrier Parcel Management Solutions Software Market Worth US$ 1.4 Billion, at a CAGR of 9.3% from 2022 to 2032 | Exclusive Report by Future Market Insights, Inc.

The multicarrier parcel management solutions software market is supposed to develop at a CAGR of 9.3%, from US$ 559.0 Million of every 2022 to US$ 1.4 Billion by 2032.

During the progressing Covid episode, multicarrier parcel management solutions software market has become basic. The multicarrier parcel management solutions software organization is making the most of multicarrier parcel management solutions software market an open door to extend the accessibility of constant shipment following and resource observing software.

Clients are reluctant to put resources into multicarrier parcel management solutions software because of unstable business exercises, restricting the multicarrier parcel management solutions software market development.

Subsequently, an expansion in the quantity of web based business new companies during the COVID-19 flare-up is keeping multicarrier parcel management solutions software market above water.

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One of the main considerations driving the multicarrier parcel management solutions software market development is the capacity for transporters to have restrictive admittance to dashboards, reports, and other significant estimations that take into account fair business direction.

Besides, the reception of multicarrier parcel management solutions software is supposed to help the multicarrier parcel management solutions software market share by expanding the organization of multicarrier parcel management solutions software among SEMs organizations.

Key Takeaways:

The multicarrier parcel management solutions software market in the United States is expected to reach US$ 467.3 million by 2032, growing at an annual rate of 8.7%.
By 2032, the multicarrier parcel management solutions software market in the United Kingdom is expected to be worth US$ 58.8 million, growing at an annual rate of 8.2%.
China’s multicarrier parcel management solutions software market is expected to reach US$ 90.9 Million by 2032, with a CAGR of 8.4% through 2032.
The multicarrier parcel management solutions software market in Japan is expected to be valued US$ 76.6 Million by 2032, expanding at an 8.5% annual rate through 2032.
South Korea is expected to reach a market size of US$ 54.5 Million in multicarrier parcel management solutions software by 2032, with a CAGR of 8.3% through 2032.
The multicarrier parcel management solutions software market’s cloud based segment from the deployment category is predicted to develop at a CAGR of 8.9% through 2032.
Through 2032, large enterprises sector in the multicarrier parcel management solutions software market’s organization site category will grow at a CAGR of 9.1%.

Competitive Landscape:

New market research report on multicarrier parcel management solutions software shows that the legacy players in the multicarrier parcel management solutions software market are concentrating on delivering solutions that meet specific needs, such as the installation of various technologies and the update and extension of current systems that will boost the multicarrier parcel management solutions software market key trends & opportunities.

The multicarrier parcel management solutions software market is dominated by Centiro , ConnectShip, Inc. , MetaPack , ProShip, Inc. , Pitney Bowes Inc.

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Recent Development in the Multicarrier Parcel Management Solutions Software Market:

Acquisition:

ShipTrack, a cloud-based mobile resource management and multicarrier parcel management solutions software, was acquired by Descartes Systems Group in November 2020.

Product Launches:

The Descartes Systems Group, Inc. launched an Internet-based transportation management system in August 2020. (e-TMS). Transport order management, multi-modal carrier assignment, multi-modal rating engine, rate shopping, load tendering, and integrated invoicing accounting capabilities are all available through E-TMS.
Pitney Bowes, Inc. will launch SendPro+ shipping solutions in July 2020. With this shipping and mailing solution, businesses can choose the best Royal Mail and Parcelforce Worldwide option for each parcel and letter.
Metapack launched Metapack Returns in February of this year. Pre-printed return labels, a platform for branded returns, and a solution for international returns are all included in Metapack Returns. The launch would demonstrate Metapack’s commitment to improving its customers’ post-purchase experience.

What is the Segmentation Outlook of the Multicarrier Parcel Management Solutions Software Market?

The multicarrier parcel management solutions software market has been divided into three categories deployment mode, organisation size, and region.

The multicarrier parcel management solutions software market has been divided into on-premise and cloud deployment modes.

The multicarrier parcel management solutions software market has been divided into SME and large enterprise segments based on company size.

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Speech and Voice Analytics Market Expectations & Growth Trends Highlighted from 2022-2032 | Report by Future Market Insights, Inc.

The Speech and Voice Analytics Market incomes were assessed at US$ 1.8 Bn in 2021 and is expected to develop at a CAGR of 22.3% from 2022-2032, as per an as of late distributed Future Market Insights report. Toward the finish of 2032, the market is supposed to arrive at a valuation of US$ 16.2 Bn.

Banks can offer normal, human-like conversations and satisfying commitment with clients by coordinating speech innovation with telephone banking. Banking firms focus on development to further develop their web banking offices. Beforehand, they depended on tedious and badly arranged techniques, for example, secret word verification, security questions, and One-Time Passwords (OTPs).

This situation, however, is evolving. Banks have perceived the need of supporting client experience and reinforcing security by integrating speech acknowledgment innovation into portable applications. Monetary help organizations, for example, Barclays Bank, United Services Automobile Association (USAA), and ING Bank have proactively started offering voice confirmation administrations to their clients to further develop the client experience, and they have gotten an ideal response.

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As per a FICO survey acted in the United States and Canada, 65% of Americans and 64% of Canadians were happy with uncovering their biometric data in 2020, demonstrating trust in biometric security. Barclays Bank participated close by Nuance Communications (US) in April 2020 to carry out a voice-biometric framework connected with regular language handling (NLP) to check clients via telephone.

The bank says that customer complaints about security have been decreased by 90%, and that average contact time has been lowered by 15%. HSBC has become the first bank to employ speech recognition for banking clients in February 2019. It has made a fundamental step toward the establishment of biometric banking.

Korean bank IBK also implements a biometric speech identification system that is dependent on speech recognition technology, allowing customer service centers to authenticate IDs in 15 seconds. Such advancements are likely to increase the need for speech analytics.

Key Takeaways from the Market Study

Global Speech and Voice Analytics Market is expected to reach a market size of US$ 2.2 Bn by 2022.
In terms of Component, the Solutions segment is expected to have the highest CAGR rate of 20.9% during the forecast period.
In terms of Deployment Mode, the Cloud segment is expected to have the highest CAGR rate of 19.9% during the forecast period.
United States is likely to remain the most dominant market with an absolute dollar growth opportunity of US$ 4.5 Bn during 2022 – 2032.
The market in U.S. is set to experience the highest CAGR of 21.6% during the forecast period.

“During the projected period, the rise of Solutions in terms of the component can become a key driver in raising the Speech and Voice Analytics Market revenue.” comments a Future Market Insights analyst.

Competitive Landscape

The Speech and Voice Analytics Market is highly concentrated, with only a few competitors accounting for the vast majority of the market share. The established firms are attempting to obtain supremacy in this sector. These firms are increasing their profits and market shares through smart joint projects. Some development in the Speech and Voice Analytics Market include:

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In August 2021, Avaya, a leading company in solutions to improve and enhance communications and collaboration, declared the acquisition of CTIntegrations, a U.S.-based specialist contact center system integration, and software development firm. CTIntegrations also announced to expand Avaya’s digital capabilities for its large contact center client base and enhanced the Avaya OneCloud AI-powered experience platform.
In December 2021, Genesys Telecommunications, a provider of customer experience management, announced that it has completed the takeover of Pointillist and Exceed.ai. Exceed.ai, renowned for its established intelligence lead activation and discussion processor, and Pointillist, known for its award-winning experience management platform, will fast-track how organizations communicate with consumers across the sales, marketing, and service lifecycle.

More Insights Available

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

The study reveals extensive growth in the Speech and Voice Analytics Market in terms of Components (Solutions (Speech Engine, Indexing and Query Tools, Reporting and Visualization Tools, Quality Management, Root Cause Analysis, Other Solutions (Emotion Detection and Workforce Optimization)), Services (Managed Services, Professional Services)), Application (Customer Experience Management, Call Monitoring and Summarization, Agent Performance Monitoring, Sales and Marketing Management, Risk and Compliance Management, Sentiment Analysis, Other Applications), Deployment Mode (On-premises, Cloud), Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)), Vertical (Banking Finance Services and Insurance (BFSI), IT and Telecom, Media and Entertainment, Healthcare and Life Sciences, Retail and E-Commerce, Travel and Hospitality, Government and Defence, Other Verticals), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa (MEA)).

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Market Segments Covered in Speech and Voice Analytics Market Analysis

By Component:

Solutions
- Speech Engine
- Indexing and Query Tools
- Reporting and Visualization Tools
- Quality Management
- Root Cause Analysis
- Other Solutions
Services
- Professional Services
- Managed Services

By Application:

Customer Experience Management
Call Monitoring and Summarization
Agent Performance Monitoring
Sales and Marketing Management
Risk and Compliance Management
Sentiment Analysis
Other Applications

By Deployment Mode:

On-premises
Cloud

By Organization Size:

Large enterprises
Small and Medium-sized Enterprises (SMEs)

By Vertical:

Banking Finance Services and Insurance (BFSI)
IT and Telecom
Media and Entertainment
Healthcare and Life Sciences
Retail and E-Commerce
Travel and Hospitality
Government and Defence
Other Verticals

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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Labeling Software Market – Business New Opportunities & Global Forecast 2022 to 2032

The global Labeling Software Market is estimated to garner US$ 975.8 Million while exhibiting a 5.8% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 553.8Million in 2022.

The growth of the Labeling Software Market is attributed to increasing demand for automation in the food industry, improving the economic condition, urbanization, and the growing need for packaging solutions for various products.Also, to help in the branding of various products, the product manufactured is seeking versatile labeling software.

This surging demand for accurate labeling increases the growth of the Labeling Software Market . Moreover, the rapidly growing e-commerce industry is further contributing to the growth of labeling software. As this software are simple to use and saves lots of time and money, they are automatically emerging as a preferred choice for the business that deals in multiple products.

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As per the analysis, the large enterprises segment is anticipated to hold remunerative opportunities for the global Labeling Software Market . Various developing countries are making significant developments in their budgets, thereby, offering lucrative opportunities to players in the market.

Key Takeaways from the Market Study

Based on deployment mode, the joint on-premises segment is expected to record a 5.5% CAGR by 2032
By Enterprise size, the large enterprises segment to expand at a 5.3% growth rate during the forecast period
The U.S market to garner US$ 348.2 Million and record a 5.6% CAGR from 2022-2032
Market in China to procure US$ 72.4 Million, expanding at a 5.5% growth rate during the assessment period

“Rapid technological innovations and increasing importance of labeling techniques is expected to fuel the demand of Labeling Software Market over the forecast period,” says an analyst at FMI

Competitive Landscape

Eminent players of the global Labeling Software Market include Blue Software Llc, Cybra Corporation, Data Systems International Inc. (Dsi), Endicia, Euro Plus Ltd. among others. Recent key developments among players include:

In March 2020- CYBRA Corporation has announced the addition of support for Epson Colorwork color inkjet printers. Ideal for high mix label requirements, Epson ColorWorks printers deliver dependable, commercial inkjet printing with fast-drying, durable color inks while reducing the cost of using pre-printed labels.
In February 2022– Dun & Bradstreet Holdings, Inc. a leading global provider of business decisioning data and analytics, and Google Cloud, today announced a 10-year strategic agreement to leverage Google Cloud for infrastructure modernization and jointly innovate new industry-specific solutions and services to help businesses operate more efficiently.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Labeling Software Market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Deployment Mode (On-Premises, Cloud) by Enterprise Size (SME, Large Enterprises) by End-user(FMCG, Retail, Healthcare, Warehousing & Logistics, Others) and Region (North America, Latin America Europe, APAC, and Middle East & Africa)

Key Segments Covered in the Labeling Software Industry Survey

Labeling Software Market by Deployment Mode:

On-Premises Labeling Software
Cloud-based Labeling Software

Labeling Software Market by Enterprise Size:

Labeling Software for SMEs
Labeling Software for Large Enterprises

Labeling Software Market by End user:

Labeling Software for FMCG
Labeling Software for Retail
Labeling Software for Healthcare
Labeling Software for Warehousing and Logistics
Labeling Software for Other End Users

Labeling Software Market by Region:

North America Labeling Software Market
Latin America Labeling Software Market
Europe Labeling Software Market
APAC Labeling Software Market
The Middle East & Africa Labeling Software Market

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Enterprise Social Networks Market In-Depth Analysis with Booming Trends Supporting Growth & Forecast 2022 to 2032

The report states that the market is expected to reach the valuation of US$ 7.2 Bn in 2022. As per FMI, enterprise social networks market is witnessing growth owing to the rising demand for streamlining the communication across the organizational hierarchy to improve productivity and efficiency.

According to the enterprise social networks industry analysis by Future Market Insights (FMI), the adoption of enterprise social networks in the market is estimated to grow at a CAGR of 13.9% over the forecast period.

Enterprise social networks work as an all-access platform where employees can find all the important documents such as training resources, project related data, guides, industry news, and relevant research papers.

During the pandemic there has been huge rise in demand for enterprise social networking platforms. Growth can be attributed to the growing trend of remote working and the consequent need for streamlining the communication across the organizations, thereby driving the market.

With closer integration with business applications, enterprise social networks can help organizations in transforming the main collaboration and communication hub. They can help in reducing the inbox clutter by replacing long and confusing email threads with private or public communication channels.

Enterprise social networking primarily emphasizes on the use of online social networks or social relations among individuals who share business interests and activities. Companies like Yammer are offering advanced enterprise social networking platforms. As per Microsoft, 85% of Fortune 500 companies collaborate with Yammer. Yammer offers an interface similar to Facebook that makes it easy even for novice users to start posting images and messages.

Moreover, on an enterprise social network, communication is often less fixed, less conventional, less formal, as compared to an email. This way, information flows more naturally, and reduce the hierarchical barriers.

“Growing need for streamlined communication across the IT and healthcare sectors is expected to augment the growth in the market,” says FMI analyst.

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Key Takeaways:

By type, the cloud/web-based enterprise social network platform segment is estimated to grow at a robust CAGR of 2% through 2032.
Among the enterprise size, large enterprises segment is anticipated to expand at a CAGR of 5% between 2022 & 2032.
By industry, the IT & telecom segment is anticipated to grow at a CAGR of 8% between 2022 & 2032.
North America is dominating enterprise social networks market followed by Europe region in 2022. South Asia & Pacific is estimated to grow at the fastest rate over the forecast period.
The market in U.S. is expected to progress at a CAGR of around 8% through 2032.
In India, the enterprise social networks market is expected to grow at a CAGR of 6% during the forecast period.
Enterprise social networks market in China is estimated to witness the absolute opportunity of US$ 3.1 Bn over the forecast period.

More Valuable Insights on Enterprise Social Networks Market

Future Market Insight’s report on the enterprise social networks industry research is segmented into five major sections – type (cloud/web-based enterprise social network platform, and on-premises enterprise social network platform), enterprise size (small and medium-sized enterprises, large enterprises), industry (education, travel & hospitality, media & entertainment, healthcare, IT & telecom, retail, government & non-profit, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the enterprise social networks demand outlook.

How is Adoption of Enterprise Social Networking Platforms Boosting the Market?

Increasing adoption of enterprise social networks solutions is helping organizations in reforming the communication across their workforce. Owing to this, demand for streamlined communications across the organizational hierarchy is increasing. Hence, companies are adopting enterprise social networks solutions and services for management of enterprise communication workflows.

Rising need for enterprise internetworking among partners, employees, distributors, and suppliers across small and mid-size enterprises is expected to augment the growth in the market over the forecast period.

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Enterprise Social Networks Outlook by Category

By Type:

Cloud/Web-based Enterprise Social Network Platform
On-Premises Enterprise Social Network Platform

By Enterprise Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

By Industry:

Education
Travel & Hospitality
Media & Entertainment
Healthcare
IT & Telecom
Retail
Government & Non-Profit
Others

By Region:

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

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Computer Aided Engineering Market 2022 Growth Factors, Opportunities, Ongoing Trends & Key Players by 2032

According to a recent report by Future Market Insights, the global computer aided engineering market is expected to register a CAGR of 8.3% by garnering a market value of US$ 20.19 Billion in 2032 from US$ 9.1 Billion in 2022. An absolute dollar growth worth US$ 11.09 Billion is expected for the computer aided engineering market throughout the forecast period ranging from 2022-2032.

The software industry is a fast-paced industry and timely development and introduction of products to the market are vital to a firm’s success. Companies are obtaining new software technologies through mergers & acquisitions.

Furthermore, Cloud computing offers easy access to data, vast space for data storage, and security. Cloud-based CAE, offered as a Software-as-a-Service (SaaS), renders application-specific solutions to the CAE users. Hence, the cloud-based deployment model is expected to portray a high growth rate during the projected period.

The defense and aerospace end-use is expected to witness the highest growth rate over the forecast period, owing to the increasing use of CAE software. The growing government spending in the defense & aerospace segment, for modernizing anti-terror equipment and mitigating security lapses, is anticipated to increase the growth of the segment.

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Key Takeaways from the Market Study

Global computer aided engineering market to surge over 2x until 2032
Europe to dominate the CAE market with a market share of 30%, and a CAGR of 8.1%
Asia Pacific to emerge as an opportunistic market, documenting an 8.5% CAGR
North America to be the fastest growing market, reflecting a growth rate of 8.7%
Finite Element Analysis (FEA) is projected to account for a market share of more than 50%.
Automotive end-use industry holds the largest market share of 29%.
The defense and aerospace industry is expected to witness the highest growth rate of 10.4% over the forecast period.

“The computer aided engineering (CAE) market is poised for unprecedented growth during the forecast period, as integrated software solutions eliminate the need for multiple prototypes and product recall concerns. As a result, the cost associated with prototyping and product recall strategy is highly reduced. ,” says an analyst at Future Market Insights

Competitive Landscape

The computer aided engineering market is expanding rapidly at the back of innovation being undertaken by the key players in the market. Market growth is also credited to the heightened product innovation and product launches around the world. The increasing product launches with the added functionality and improved characteristics are likely to attract more consumers and further boost the market growth.

Key players in the global computer aided engineering market include ANSYS, Inc.; Altair Engineering; Autodesk, Inc.; Bentley Systems, Inc.; Dassault Systemes; ESI Group; Exa Corporation; Mentor Graphics Corporation (A subsidiary of Siemens AG); MSC Software Corporation (A subsidiary of Hexagon AB); and Siemens AG. Some recent developments in computer aided engineering market are as follows:

In early 2022, Intel announced the addition of some enhanced features to its earlier launched Intel® VTune™ Profiler. The new features increase application performance, system performance, and system configuration for HPC, cloud, IoT, media, storage, and more. It helps you tune the performance of the entire application, not just the accelerated piece, using the CPU, GPU, and FPGA. SYCL*, C, C++, C#, Fortran, OpenCLTM code, Python*, Google Go* programming language, Java*, NET, Assembly, or any mix of languages can be profiled.
In May 2022, Siemens hosted a premiere where the company unveiled Simcenter Femap 2022 – the latest release of Siemens’ market-leading CAE simulation solution for finite element analysis. Simcenter Femap is an advanced simulation application for creating, editing, and inspecting finite element models of complex products or systems.

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More Valuable Insights

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

The study reveals essential insights by type (finite element analysis (FEA), computational fluid dynamics (CFD), multibody dynamics, optimization & simulation), deployment (on-premise and cloud-based), end-use (Automotive, defense & aerospace, electronics, medical devices, Industrial equipment, others) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Covered In The Computer Aided Engineering Market Study

Computer Aided Engineering Market by Type:

Finite Element Analysis (FEA) Computer Aided Engineering
Computational Fluid Dynamics (CFD) Computer Aided Engineering
Multibody Dynamics Computer Aided Engineering
Optimization & Simulation Computer Aided Engineering

Computer Aided Engineering Market by Deployment Model:

On-premise Computer Aided Engineering
Cloud-based Computer Aided Engineering

Computer Aided Engineering Market by End Use:

Computer Aided Engineering for Automotive Industry
Computer Aided Engineering Defense & aerospace Industry
Computer Aided Engineering Electronics Industry
Computer Aided Engineering for Medical devices
Computer Aided Engineering for Industrial equipment
Computer Aided Engineering for Other End Uses

Computer Aided Engineering Market by Region:

North America Computer Aided Engineering Market
Europe Computer Aided Engineering Market
Asia Pacific Computer Aided Engineering Market
Latin America Computer Aided Engineering Market
Middle East & Africa Computer Aided Engineering Market

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Artificial Intelligence in Fintech Market 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2032

The global artificial intelligence in fintech market is estimated at US$ 10.1 Billion in 2021 and is projected to procure US$ 11.76 Billion by 2022m according to a report published by ESOMAR-certified Future Market Insights. The market is anticipated to garner US$ 54 Billion by 2032 while recording a CAGR of 16.5% during the forecast period from 2022 to 2032. Expansion of the market can be attributed to the increasing emphasis on customer safety against cyber and banking frauds across various developing countries.

From 2017 to 2021, the market flourished at a 16% CAGR. Growing application in the business analytics and reporting segment is another salient factor augmenting the industry growth in the assessment period. The managed service is likely to grow quickly owing to its help in administering AI-enabled apps in fintech. Fintech start-ups are using AI to provide professional services expected to drive the development of the segment.

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On the contrary, owing to the rising cases of leakage of private information and cloning of debit cards is expected to be the major factor hindering the market expansion. Moreover, the proper integration and analysis of a huge amount of data makes the process even more complex, which is another factor impeding the industry expansion in the forecast period.

Key Takeaways from the Market Study

AI in fintech for business analytics and reporting captured a 32% market share, documenting a CAGR of 16% throughout the forecast period
On-premise segment to expand at a CAGR of 17% during the forecast period
North America is expected to secure US$ 35 Billion by 2032, while expanding at a CAGR of 16.5%
Asia Pacific to record a CAGR of 16.5% during the forecast period
Global market for AI in fintech to surge 4.6x from 2022 to 2032

“The global AI in Fintech market is expected to show a remarkable growth in the forecast period owing to the increasing emphasis on customer’s account safety against cyber and banking frauds,” says an FMI analyst.

Competitive Landscape

Key players in the global AI in the Fintech market include Microsoft, Google LLC, Salesforce, Inc., International Business Machines Corp., Amelia U.S. LLC, Nuance Communications, Inc., ComplyAdvantage.com, Narrative Science, Affirm, Inc., Upstart Network, Inc., Instructure, Inc., Intel, Inbenta Technologies, Amazon Web Services, Oracle, among others. Some of the recent key developments among the players are:

In October 2021, Tech giant Microsoft Wednesday launched a new program Microsoft AI Innovation for nurturing and scaling startups that are leveraging Artificial Intelligence (AI).
In April 2022, Conversational engagement platform Gupshup acquired Active.Ai, a conversational AI startup used by banks and fintech firms in all-cash deals.
In May 2022, Salesforce has agreed to buy Troops.ai, which provides a revenue communications solution that works with sales velocity, forecasting, visibility, and collaboration. Troops have been designing tools for delivering real-time insights from various systems of record, like Salesforce, to engagement places Like Slack.

More Valuable Insights Available

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

The study reveals essential insights based on component (solutions, services), deployment (cloud and on-premise and, application (virtual assistant, business analytics and reporting, customer behavioural analytics, fraud detection, quantitative and asset management and others) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Key Segments Covered In The AI In Fintech Industry Survey

AI in Fintech Market by Components:

AI in Fintech Solutions
AI in Fintech Services
- Managed
- Professional

AI in Fintech Market by Deployment:

Cloud-based AI in Fintech
On-premise AI in Fintech

AI in Fintech Market by Application:

AI in Fintech across Virtual Assistants
AI in Fintech across Business Analytics and Reporting
AI in Fintech across Customer Behavioural Analytics
AI in Fintech across Fraud Detection
AI in Fintech across Quantitative and Asset Management
AI in Fintech across Other Applications

AI in Fintech Market by Region:

North America AI in Fintech Market
Latin America AI in Fintech Market
Europe AI in Fintech Market
Asia Pacific AI in Fintech Market
Middle East & Africa AI in Fintech Market

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Employee Engagement Market worth US$ 3.8 Bn from 2022 to 2032 – Exclusive Report by Future Market Insights, Inc.

The global employee engagement market is expected to grow at a CAGR of 9.1% during the forecast period (2022 to 2032), reaching nearly US$ 3.8 Bn by 2032.

Every aspect of human resource management (HRM) has been impacted by technological advancements across numerous sectors. Employee benefit platforms, performance management tools, employee recognition tools, and survey tools are widely being adopted by companies to ensure a better relationship with their employees.

Cloud-based employee engagement software has made it easier for enterprises to provide better and faster outcomes. These enterprises and their corresponding employees are benefitted from this software and the tools. The present generation is of digital nomads who embrace employee engagement through technology.

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In recent years, there have been efficient and sophisticated employee engagement solutions that assist enterprises in the people management processes. Increasing implementation of ML (Machine Learning) and AI (Artificial Intelligence) in the workplace to manage employees and their workflow will further spur demand in the market.

AI promotes effective communication and individualized actions that take place throughout. HR department is able to make better-informed, data-driven decisions and make rational choices to engage & retain the employees. Using these solutions, managers use the data to better understand the factors that influence employee productivity.

“Growing trend of remote work culture, along with increasing need across organizations to focus on employee centricity will augment the growth in the market,” says an FMI analyst.

Key Takeaways:

By solution, the employee engagement software segment is anticipated expand at a CAGR of 1% through the forecast period.
Unified communications software will hold the largest market share of 4% by 2032.
Among the enterprise size, the large enterprise segment is estimated to grow by 2X during the forecast period.
By industry, the BFSI industry segment is anticipated to grow at the highest CAGR of 9% from 2022 to 2032, followed by the IT & telecom industry.
North America is estimated to lead the employee engagement market followed by the Europe in 2022. Whereas South Asia & Pacific is estimated to be the fastest-growing region during the forecast period.
Employee engagement market in East Asia is estimated to witness an absolute $ opportunity of US $322.6 Mn in the forecast period.

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Competitive Landscape

Leading players operating in the global employee engagement market are investing in mergers, acquisitions and collaborations with start-ups and other service providers to improve sales in the market.

Some of the key players include IBM Corporation, Microsoft Corporation, Google, Bitrix24, Atlassian Corporation Plc, Xoxoday, Connecteam, Officevibe (GSoft Group Inc.), and others.

In March 2022, Lattice, a people success platform for companies announced the release of a new OKR and Goals solution targeted at establishing strategic alignment between organizations and their workers. This tool assists firms in constantly setting and managing objectives, in order to remain aligned and on track in the business processes.
In March 2021, Workday Inc., a provider of business cloud solutions for finance and human resource, finalized the purchase of Peakon ApS, a platform for employee success that turns feedback into actionable insights. Peakon is currently a part of Workday.

More Valuable Insights on Employee Engagement Market

Future Market Insight’s report on the employee engagement industry market research is segmented into five major sections – by solutions (software (integrated employee engagement platform, standalone software (unified communications software, enterprise social intranet software, employee recognition & reward software, employee performance management software)), and services (professional services (consulting services, integration & implementation, support & maintenance, training & development), and managed services)), by deployment (on-premise, and cloud-based), enterprise size (small and mid-sized enterprises (SMEs), and large enterprises), industry (IT & telecom, BFSI, healthcare, retail, manufacturing, government, manufacturing, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the employee engagement demand outlook.

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Employee Engagement Market Outlook by Category

By Solution:

Software
Services

Managed Services

By Deployment:

Cloud-Based
On-Premises

By Enterprise Size:

Small and Mid-Sized Enterprises (SMEs)
Large Enterprises

By Industry:

IT & Telecom
BFSI
Retail
Healthcare
Government
Manufacturing
Others

By Region:

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

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3D Printed Hip And Knee Implants Market is Projected to Secure a Bearish CAGR of 6.8% from 2022 to 2032

The market for 3D printed hip and knee implants is anticipated to register a negative CAGR of 6.8% over the course of the forecast period and reach US$ 3.4 billion by 2022. The market is now valued at US$ 6.7 billion in 2032. 3D printing i.e. additive manufacturing involves a layer by layer process to create physical objects out of digital 3D blueprints. It was mainly used for rapid prototyping in the late 1980’s. However, it has now become a next-generation technology which can produce localised, on-demand final products or even spare parts.

3D printing is possible with a range of thermoplastics,  metal alloys, ceramics & various foodstuffs. It has seen an application in diverse areas like aerospace, retail, supply chain optimisation, & the medical industry. The 3D printed Hip & Knee Implants Market could dramatically improve both the effectiveness of surgery along with reducing the time taken to recover.

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It was pioneered by Dr Susannah Clarke and has already been used in hundreds of hip & knee surgeries across the world. It uses CAT scans to create a 3D blueprint of the damaged hip or knee joint to be replaced. Surgeons can then use this to practice the operation on a computer, deciding beforehand where to make incisions or how to realign the bone. The 3D printed hip & knee implant market will help to make replacement surgery much safer & quicker in the long run.

3D printed Hip & Knee Implants Market Drivers

An ageing population in developed countries & China are expected to be the biggest driver of the 3D printed hip & knee implant market. Millions of people worldwide have to undergo either hip or knee replacement surgery every year.

It is not people above 60 years but those between ages 45-54 who have shown the largest increase in percentage terms. This is because of improved implant quality and awareness of how they improve mobility and quality of life.

Some of these initial surgeries fail due to contracting infections & patients then have to undergo another surgery to replace the implant. This has a much lower success rate & also causes significant pain & inconvenience.  A second driver is that 3D printing is a minimally invasive procedure preferred by patients.

Surgeons can rehearse the operation with the help of 3D models beforehand which allows them to make smaller incisions, reduce blood loss & assures an easier recovery. The 3D printed hip & knee implant market helps to reduce costs & inefficiencies as these parts will be an exact fit for an individual patient.

3D printed Hip & Knee Implants Market Restraints

While the 3D printed hip & knee implant market has a tremendous scope with the pace at which 3D printing is advancing, there are still major challenges faced today. The first one is long term performance. 3D printed parts are inherently weaker than forged parts which are how traditional metal implants are made today.

They are stronger than cast parts, but they wear down much faster than forged parts in lab tests. The second main concern is the lack of regulation. At present, more than 70 3D printed devices have been approved by 510(k) of the U.S. FDA Act and this includes medical implants as well. While those drafts have been approved, FDA technical guidance is still some time away.

It is an open question how restrictive the guidelines will be once published. And this just pertains to the U.S as there is no governing body or standard worldwide. This means that the 3D printed hip & knee implant market will have to go through separate approvals in each country, increasing the effort and time taken by manufacturers.

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3D printed Hip & Knee Implants Market Key Regions

The largest 3D printed hip & knee implant market is the U.S as half of all joint replacements worldwide take place there. China is the fastest growing market. Implants are heavily regulated there as the country currently imports a majority of them.

Greater government pressure to manufacture indigenously is encouraging companies to enter the domestic 3D printed hip & knee implant market. The China Food And Drug Administration has also approved 3D printed hip plants for medical use there.

Key Players in the3D Printed Hip and Knee Implants

The 3D-printed hip and knee implants market are fragmented by prominent players present all around the globe. They are executing various marketing policies and methods to bring the 3D printed hip and knee implants market size up-ward during the forecast period.

Some of the strategies adopted by key players are acquisitions, partnerships, mergers, product launches and others to expand the 3D printed hip and knee implants market.

Some other key companies in the 3D printed hip & knee implant market are

Medtronic
DePuy
3D Systems
Embody Orthopaedics
Smith & Nephew

The report covers exhaustive analysis on

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

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

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Key Segments In 3D Printed Hip And Knee Implants Market

By Implant:

Total Hip Replacement Implant
Partial Hip Replacement Implant
Revision Hip Replacement Implant
Hip Resurfacing Implant

By Material:

Metal on Polyethylene
Metal on Metal
Ceramic on Metal
Others

By End-User:

Hospitals
Orthopedics Clinics

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DNA Polymerase Market To Undertake Strapping Growth By The End 2031 | FMI

A growing number of drug patent expirations and the interest in generic biologics has gained significantly from developments in the DNA polymerase market share. Rising demand for improvements in healthcare diagnostics are expected to remain key influencer in market growth. According to Future Market Insights, a new study has forecast the DNA polymerase market to exhibit a CAGR of approximately 6.5% during the forecast period from 2021 to 2031.

Major manufacturers in the DNA polymerase market are increasingly focused on investing in research and development efforts to widen the scope of applications in the sector. In addition, strategic acquisitions and collaborations to share expertise, leveraging biopharmaceuticals and contract manufacturing companies will find ground in the industry.

In terms of end users, molecular diagnostics companies are likely to remain primary contributors to the market accounting for more than 30% of the global market share. Furthermore, academic and research institutes will display a relatively faster rate of growth, driven by investments into R&D for accuracy in diagnostics, genome research, DNA cloning, and potential applications in cancer research.

Increasing R&D activities is a key factor positively influencing the development and use of high-fidelity DNA polymerase. Increasing incidences of cancer, concerns over uncontrolled genetic mutations, increasing awareness on neurological disorders, and potential for treating chronic diseases create lucrative opportunities in the DNA polymerase market. Also, the growing importance being given to personalized medicine will provide impetus to market players through the coming decade.

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On the other hand, DNA polymerase market players are expected to face a number of challenges during the forecast period. For instance, shortage of adequately skilled professionals is a restraining factor affecting the market. Lack of information and awareness associated to DNA polymerase also affects sales prospects. Also, a shortage of funding by governments in the sector are restraining market growth. These factors are especially true in developing countries with restricted access to capital and infrastructure.

Key Takeaways from DNA Polymerase Market Study

The global DNA polymerase market is projected to grow at approximately 6.5% CAGR through the projection period.
Molecular diagnostic applications will account for major market, with impetus from the covid-19 pandemic.
The U.S. will hold the lead in North America accounting for more than 50% of the global valuation.
China will reflect high growth potential accounting for a CAGR of over 7.5%, owing to rising healthcare spending.
UK will reflect high demand in Europe supported by the rise of contract research and manufacturing organizations in biopharmaceuticals.

“The introduction of numerous government initiatives and rising levels of government funding efforts for R&D activities, are key factors that are expected to bolster the growth of high-fidelity DNA polymerase offerings. Furthermore, the increasing occurrence of genetic disease, is also one of the major factors supporting growth in the market through the assessment period,” said an FMI analyst.

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Who is Winning?

The global DNA polymerase market is set to widen its scope of expansion through the assessment period, driven by a higher rate of adoption in molecular diagnostics, bioprocessing, cancer research and development of generic biologics in the biopharmaceutical sector. A shortage of adequately skilled professionals and lack of awareness has restrained revenue in the industry.

Some of the more prominent players in the DNA polymerase market include but are not limited to Thermo Fisher Scientific Inc., Hoffmann-La Roche AG, Merck KGaA, Qiagen N.V., Agilent Technologies Inc., Takara Bio Inc., Genescript, Illumina Inc., New England Biolabs, Inc., Bioline, and Promega Corporation.

Want More Insights?

Future Market Insights provides an exhaustive report in terms of forecast on global, regional, and country levels, with actionable insights on the latest industry trends in key segments from 2016 to 2031. The DNA polymerase market is segmented in detail to encompass all aspects, providing readers with a complete market intelligence report approach. The study provides details on the basis of product type (prokaryotic and eukaryotic), and end use (molecular diagnostics companies, diagnostic laboratories, academic and research institutes, biopharmaceutical companies, and hospitals), across seven major regions.

Key Segments

Product Type

Prokaryotic DNA polymerase
Eukaryotic DNA polymerase

End Use

Molecular diagnostics companies
Diagnostic laboratories
Academic and research institutes
Biopharmaceutical companies
Hospitals

Region

North America (U.S. & Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru, & Rest of LATAM)
Western Europe (Germany, U.K., France, Italy, Spain, BENELUX, Nordic, & Rest of W. Europe)
Eastern Europe (Russia, Poland, CIS Countries and Rest of E. Europe)
Middle East and Africa (GCC Countries, Turkey, South Africa, Israel, & Rest of MEA)
Japan
Asia Pacific excluding Japan (China, India, ASEAN, South Korea, Australia, & Rest of APEJ)

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Carrageenan Film Market – Business Opportunities and Global Forecast to 2032

The carrageenan film market is expected to reach greater heights in 2032, likely to surge at a vigorous CAGR growth during Forecast period 2022-32.

Carrageenan belongs to the family of linear sulphated polysaccharides. It is extracted from the red seaweeds, such as eucheuma cottonii, eucheuma spinosum, and others. Rising application of carrageenan as a gelling, thickening, emulsifying stabilizing, or suspending agent in chemicals, food products, and nutraceutical products is projected to increase the demand.

Survey Conducted by Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Insights into Vital Dynamics Facilitating the Growth in the Global Carrageenan Film Market over the Assessment Period 2022-2032.

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A detailed study on carrageenan film market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.

As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global carrageenan film market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales carrageenan film in the coming 10-years.

In addition to this, growing application of carrageenan films in the food packaging industry as well as a substitute to the collagen film or casing net is likely to create remunerative growth opportunities in the market.

Carrageenan films are extensively used as an edible packaging material for processed meat and poultry foods due to its availability in clear and color format and with no artificial coloring on it.

These films do not affect the nutritional value of food products and provides extended shelf life. Hence, demand for carrageenan films is projected to accelerate among packaging manufacturers at a rapid pace through 2032.

Key Carrageenan Film Market Takeaways and Projections

The U.S. is expected to lead the North america carrageenan film market, projecting the fastest growth in the region between 2022 and 2032
Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.

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Competitive Landscape Analysis

The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of carrageenan film market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.

It also provides a list of leading players and recent development in the global carrageenan film market. Some of the prominent market players are COGIN, Chris-Kraft Polymer Inc., JetNet Corporation, BioEnvelop Inc.

Key Segments Profiled in the Carrageenan Films Market

Thickness:

Up to 50 µm
50-100 µm
100-200 µm
200 µm & Above

Sales Channel:

Direct Sales
Indirect Sales

End-Use:

Food
Fresh Produce
Fruits
Meat, Poultry and Seafood
Vegetables
Dairy Products
Pharmaceutical
Nutraceutical
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
Middle East & Africa

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