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Wooden Pallets And Containers Market Future Scenarios, Growth and Analytical Insights – 2032

Wooden pallets and containers are widely used in the shipping, transport and storage of products. They are available in either standardized or customized specifications. Different specifications fulfil different functions of the wooden pallets and containers. Wooden pallets and containers are re-usable and if damaged, are repaired and sent back into circulation. Wooden pallets generally last for 5-7 years.

Packaging has become an integral part of most of the industries in the world. The demand for packaging has surged throughout the past decade. This demand has brought about a series of innovations to packaging that has improved the packaging design and functionality. The shift in the use of materials used for packaging has also been witnessed.

A move from rigid to flexible packaging has now become the norm in most of the industries. However, when we talk about shipping and transport of larger consignments, we will find that rigid packaging has still kept its hold. The most common example are wooden pallets and containers. Even after the entry of plastic pallets and containers in the market, wooden pallets and containers still hold more than 90% of the pallets and containers market.

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Wooden Pallets And Containers Market- Market Dynamics

As we are seeing a global rise in disposable incomes and consumerism, food and beverages sector will witness a huge demand, which is the major driver for global wooden pallets and containers market. As a result, we can expect a steady growth in the wooden pallets and containers market throughout our forecast period of 2016-2014.

Due to the market being quite fragmented, there is trouble in standardization of wooden pallets and containers. However, efforts have been made both at the local and global level for the same. More than 90% of total pallets and containers are made of wood. Recoverability of pallets in overseas shipments becomes hard and the cost of recovery exceeds the cost of the pallets itself.

Wooden Pallets And Containers Market- Regional Outlook

In terms of geography, the wooden pallets and containers market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America followed by Western Europe are the largest consumers of wooden pallets and containers in the world. USA alone holds around 15% of share in global wooden pallets and containers market.

Wooden pallets and containers are locally manufactured as well as imported. With the rising disposable incomes and consumerism in Asia Pacific and Middle East, we can expect to see a promising growth in the wooden pallets and containers market in the region throughout the forecast period of 2016-2026.

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Wooden Pallets And Containers Market- Major Players

Some of the key players in the wooden pallets and containers market are Universal forest products, Inc., Shur-way Industries, Inc., Palcon LLC, Coxco, inc., Larch Ltd., CHEP, Bay wood products, Inc., Rowlinson Packaging Ltd., C&K Box, Inc., InterAgra.

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 done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type, machine size and end use.

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
Latin America
Europe
Asia Pacific
Middle East and Africa

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The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Wooden Pallets And Containers Market Wooden Pallets Market- Market Segmentation

Based on the design, the wooden pallets and containers market is segmented into:

Stringer pallets
Block pallets

Based on end use, the wooden pallets and containers market is segmented into:

Grocery
Beverages
Telecommunications
Dairy
Automotive
Chemicals
Construction
Others

Mobile Retailing Is Fuelling Online Sales Of Pre-Mixed/RTD Alcoholic Drinks Over The Forecast Period 2027-FMI

Pre-mixed/RTD alcoholic drinks market has diverse growth factors, however is still curtailed by various challenges as well. Harmful effects with consumption of pre-mixed/RTD alcoholic drinks, vivid taxation and duties as well as cultural beliefs across various countries are hampering the growth of pre-mixed/RTD alcoholic drinks market.

Easy accessibility of the alternative products, strict rules as well as regulations on the advertising of pre-mixed/RTD alcoholic drinks and rising anti-alcohol campaigns are further restraining the growth of pre-mixed/RTD alcoholic drinks market. Latin America is likely to be the fastest growing region for pre-mixed/RTD alcoholic drinks market owing to rising demand for premium products coupled with easy availability.

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Pre-Mixed/RTD Alcoholic Drinks Market Introduction:

Alcohols consumed in dilutions, with a mixture of fruit flavors and other drinks have been popular since the inception of word cocktail in the early 1800’s. A ready to drink alcoholic beverage is a pre-mixed/ prepared and packed form of cocktail for direct consumption.

Available in almost all forms of spirits such as whiskey, rum, vodka, etc. a significant rise in sales has been witnessed by in recent years. Manufacturers are also eying this high growth segment and looking for consumer’s interest in flavors and blends of premixed drinks. Most often compared with the iconic beer, which is far better established in deriving major revenue. The RTD alcoholic beverages have witnessed comparatively much higher growth rate in the recent past.

Pre-Mixed/RTD Alcoholic Drinks Market Segmentation:

Ready to drink alcoholic beverages is segmented on the basis of product type which comprises of primary base for prepared drink and include; rum, whiskey, vodka, wine and others. Vodka based drinks being in popularity and brands such as Bacardi breezers gaining significant attention from consumers. On the basis of flavor the premixed alcoholic beverages is segmented as fruits, spiced and others.

It is further segmented on the basis of packing which include; cans, bottles and others (shot packing, squeeze packing).On the basis of distribution channel the fruit beer market is segmented into hyper/supermarket stores, departmental stores, specialty store and online retailers. Hyper/supermarket is expected to hold a relatively higher share in the ready to drink alcoholic beverages market, followed by specialty store segment. As we all know online stores offers great discounts and easy delivery options of the product at the doorstep, thus this segment is anticipated to grow enormously in the forecast period.

Pre-Mixed/RTD Alcoholic Drinks Market Regional Outlook:

The consumption of alcohol being most in the European countries such as Estonia, Belarus, Lithuania, France, and Germany has created constant demand for innovative new flavors based drinks in this region, with already existing drinks in this domain, consumer are willing to try something new. The premixed alcoholic beverages segment is thus driven by this large consumer demand for new flavors.

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Significant demand for ready to drink alcoholic beverages is observed in countries such as Australia, Russia and Japan. The United States accounts for a significantly low number of alcoholic premixed drink in comparison to these countries, although a changing trend from cocktails in bars to bottles cocktails is expected to fuel the market growth in North America.

Pre-Mixed/RTD Alcoholic Drinks Market Drivers and Trends

Rising popularity of healthy alcoholic beverages driven by the demand in low calorie alcoholic drinks among health-conscious female. Virtually all the major players in the in ready to drink alcoholic beverages category have introduced lower-calorie forms of RTD or premixed alcoholic beverages. Companies such as Bacardi are promoting the line of natural flavors, juices and pure cane sugar based RTD alcoholic beverages as less than 90 calories and easy on the waist.

The convenience associated with the use of bottled premixed alcoholic beverage has been driving this segment of alcoholic drinks. Consumers want to enjoy the cocktail experience do not wish to keep the ingredients at home and go through the process of making a fine cocktail, ready to drink alcoholic beverages provides conveniences of already blended cocktail and offers products at a fraction of price of cocktails available in bars, clubs and other recreational places.

New product launches, manufacturers are flooding the market with new product lines and creating a supply driven demand. With existing forms of whiskey, vodka, rum, etc. based ready to drink alcoholic beverages, all new line of wine based drinks is also being introduced targeting not only consumers but also casual dinners.

Pre-Mixed/RTD Alcoholic Drinks Market Key Players:

With competition among key produces of alcoholic drinks rising, launching new products has become fairly common in order to sustain a greater brand equity. Some of the key players in the global liquor industry offering ready to drink or premixed alcoholic beverages include; Diageo plc., Asahi Breweries, Ltd., Suntory Holdings Limited, Halewood International Limited, The Brown-Forman Corporation, Bacardi Limited, Mike’s Hard Lemonade Co., Pernod Ricard SA., Anheuser-Busch InBev SA/NV

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The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Historical Actual Market Size, 2012 – 2016
Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain
Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Aircraft Refurbishing Market Drivers and Restraints

Regional analysis includes

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights:

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

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Loudspeaker Market Size Predictions : ~US$ 5,639.1 Million by 2028 | Report by FMI

The Loudspeaker Market revenue totalled ~US$ 3,726.9 Mn in 2022 and is projected to reach ~US$ 5,639.1 Mn by 2028, growing at a CAGR of 7.1% from 2022 – 28. FMI delivers key insights about the global loudspeaker market in its report titled “Loudspeaker Market: Global Industry Analysis 2017 – 2021 and Opportunity Assessment 2022 – 2028.” Among the types of loudspeakers, the stereo speakers segment is estimated to register the highest growth in the global loudspeaker market.

Under the loudspeaker speaker design segment, the with diaphragm loudspeaker segment is expected to dominate the global loudspeaker market throughout the forecast period. On the basis of deployment, the indoor deployment loudspeakers segment is expected to register the highest market share in the global loudspeaker market by the end of the forecast period.

The global loudspeaker market is expected to register an annual revenue of US$ 3,214.6 Mn by the end of 2020. The predominant regions, i.e., North America, Western Europe, Latin America and SEA & others of APAC, are expected to jointly account for a majority share of the global loudspeaker market. The loudspeaker markets in Southeast Asia & other Asia Pacific and North America are expected to dominate the global loudspeaker market during the forecast period.

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These days, people are reluctant to use the old methods of playing music through loudspeakers, which include the usage of compact discs, cassettes and the like, however, the introduction of music streaming platforms globally has made it easy for users to play their choice of music on-demand. This has supported the growth of the loudspeaker market by driving the customer base for loudspeakers. Another factor driving the loudspeakers market is the popularity of these loudspeakers at public places such as cinemas, restaurants, concerts, etc., which has significantly boosted the loudspeaker market. Moreover, individual entertainers prefer to use loudspeakers during their outdoor shows, which indicates that the price standards of loudspeakers are decreasing day by day.

The interaction of loudspeaker systems with the environment around them determines whether their usage in a particular environment is appropriate. Indoor deployment loudspeakers are generally used for a room and not for open places or places that host public events. In contrast, outdoor deployment loudspeakers are mostly used in venues that host public events such as concerts, theatres, restaurants, etc. A network of loudspeakers is placed at different places in these venues.

The speakers with a diaphragm assembly for the generation of sound waves are termed as diaphragm speakers. The speakers with diaphragm include moving-iron loudspeakers, piezoelectric speakers, magnetostatic loudspeakers, magnetostrictive speakers, electrostatic loudspeakers, ribbon & planar magnetic loudspeakers, bending wave loudspeakers, flat panel loudspeakers, Heil air motion transducers, transparent ionic conduction speakers and others. On the other hand, the speakers that do not work on the diaphragm-based loudspeaker model are termed as speakers without a diaphragm. Plasma arc speakers, thermoacoustic speakers, rotary woofers and others are included in this category.

The market of Southeast Asia and others of the Asia Pacific region is expected to dominate the loudspeaker market in terms of growth rate, followed by the Latin America market. The loudspeaker market of North America is estimated to expand significantly over the forecast period. The Eastern Europe loudspeaker market is expected to register moderate growth with a total incremental dollar opportunity of 214.9 Mn. However, by the end of 2028, the North America loudspeaker market is expected to be followed by the Western Europe loudspeaker market in terms of value due to the good distribution channels of major loudspeaker market players in these regions in addition to their large presence.

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According to FMI analysis, the introduction of loudspeakers with advanced features by loudspeaker providers as well as strategic collaborations, acquisitions and mergers will help increase the overall corporate revenue in the global loudspeaker market. Examples of some of the participants included in the global loudspeaker market report are Yamaha Corporation; LG Electronics Inc.; Klipsch Group, Inc. (A VOXX International Company); Harman International Industries; Bose Corporation; Creative Technology Ltd.; Logitech International S.A; Sony Corporation; Panasonic Corporation; Bowers & Wilkins and Sound United LLC.

Loudspeaker Market Outlook by Category

By Deployment, Loudspeaker Demand is segmented as:

Indoor
Outdoor

By Speaker Design, Loudspeaker Outlook is segmented as:

With Diaphragm
Without Diaphragm

By Type, Loudspeaker Outlook is segmented as:

Portable Loudspeakers
Soundbars
Home Theatre Arrays
Multimedia Systems
Stereo Systems
Others

By Region, Loudspeaker Sales is segmented as:

North America
Latin America
Western Europe
Eastern Europe
SEA and other of APAC
Japan
China
Middle East and Africa (MEA)

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Tableau Services Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2022 – 2028

Tableau Services Market revenue totaled US$ 896.1 Mn in 2021 and is expected to reach US$ 1,016.5 Mn in 2022 and US$ 2,183.2 Mn by 2028, growing at a CAGR of 13.6% between 2022 and 2028.

Future Market Insights has recently published a market research report on the Global Tableau Services market. The study presents a detailed analysis of the historical data, current and future market scenarios for the Tableau Services market. The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness healthy growth over the forecast period. Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the Tableau Services market in the upcoming decade.

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According to the FMI’s report, Changes in consumer behaviour, robust product innovations, and expanding distribution networks continue to influence the growth of the Tableau Services market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the Tableau Services market report and gather data from a wide range of primary and secondary sources.

Impact of COVID-19 on Tableau Services Market

With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.

FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid Tableau Services market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the Tableau Services market.

Tableau Services Market: Competitive Analysis

The FMI’s Tableau Services market report provides a detailed analysis of prominent players as well as emerging companies operating in the Tableau Services market. Some of the key players are:

Deloitte
Silicus Technologies, LLC
Bilytica
Interworks
Nabler
Vizual Intelligence Inc.
SA Technologies, Inc

With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects and product expansion within the players. The report also offers key players marketing strategies, recent mergers and acquisitions and pricing strategy to gain a competitive edge in the industry.

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Tableau Services Market Outlook by Category

By Service Type:

Consulting
Maintenance & Support
Data Preparation
Governance
Dashboard Development & Designing
Server Development

By Enterprise Size:

Small Enterprises
Medium Enterprises
Large Enterprises

By Vertical:

Technology
Healthcare
Automotive
Consumer Goods & Retail
Manufacturing
BFSI
Government
Media & Entertainment
Energy & Power
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
SEA and other of APAC
Japan
China
Middle East and Africa (MEA)

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Edutainment Market to Achieve a High CAGR Of 16.1% During the Forecast Period 2022 – 2032

The Edutainment Market is expected to reach ~US$ 8.1 Bn by 2032, growing at a CAGR of 16.1% from 2022 to 2032. Edutainment is helping to improve children’s social skills by using children’s literature, practising social overtures, and strengthening social & emotional education. It also enhances social-emotional well-being in youngsters by improving teachers’ social-emotional curriculum design and competence.

The edutainment centres usually appeal to the 8 to 14 age group and their parents. This indicates penetration of deep youth population under the age of 14 in the Asia-Pacific and with rising incomes and expectations, parents are spending more on their children, which is expected to drive the edutainment market growth.

Indoor parks are both within greater reach and more profitable to most developers and operators as compared to outdoor theme parks due to which a number of operators are launching new edutainment centers to attract customers.

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Key Takeaways: Edutainment Market

By gaming type, the explorative segment is anticipated to account for the leading share in the global demand for edutainment during the forecast period. However, the hybrid combination segment is estimated to grow at a robust CAGR of 19.0% through 2032.
By revenue source, the entry fees & tickets segment is anticipated to increase at a CAGR of 18.2% between 2022 & 2032.
Based on visitor demographics, children (0-12) segment is estimated to witness high growth during the forecast period as most preschool and kindergarten providers have realized that open-ended play in the right environment helps children develop and learn emotionally, cognitively, socially, and physically.
North America is expected to lead the market followed by Europe in 2022. South Asia & Pacific is anticipated to emerge as the fastest-growing region between 2022 & 2032.
The market in China is expected to progress at a CAGR of around 18.4% through 2032.
In India, sales are expected to increase at a CAGR of close 23.6% over the next ten years.

Inclination towards New Kinds of Edutainment to Propel the Sales

Soft modular play centers, operated on a pay-for-play basis, were the first incarnation of edutainment centers. They were based upon the mistaken idea that indoor, safe, physical play met the play needs of young children. Later centers were bigger and included rides, games, and passive entertainment including animatronics, which was basically more of the same. Some center operators looked to the early childhood education and children’s museum industries.

Footfall in Edutainment Centers is increasing with Changing Lifestyles

Entertainment choice of consumer are mostly focused on building a personal narrative and memorable experiences. New business models arise as entrepreneurs ride key trends within the market which is creating a dynamic environment for investment, and businesses that strike a chord among consumers and reach a level of scale can expect strong support. In developing markets, growth rates are estimated to be high as incomes of consumers is rising and available free time is increasing. Theme parks/ edutainment parks are also benefiting from rising incomes and the pivot to experience.

Rapid industrialization, increased disposable income and busy working schedules have significantly hampered the lifestyles of customers globally in the past few years. These changes in lifestyles have boosted the preference for spending quality time along with education, entertainment, food & beverages and other fun activities. This is among factors that are encouraging customers to visit edutainment centers for spending their leisure time, as well as for celebrations, adventure experiences, education etc. With these changing lifestyles, edutainment centers are offering more and more modern education and entertainment options for kids under one roof. This is among the key factors responsible for driving the edutainment market across the globe.

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Edutainment Outlook By Category

By Gaming Type:

Interactive
Non-interactive
Explorative
Hybrid Combination

By Facility Size:

5,001 to 10,000 Sq. Ft.
10,001 to 20,000 Sq. Ft.
20,001 to 40,000 Sq. Ft.
40,000 Sq. Ft.

By Revenue Source:

Entry fees & tickets
Food & Beverages
Merchandising
Advertising
Others

By Visitor Demographics:

Children (0-12)
Teenager (13-18)
Young Adult (19-25)
Adult (25+)

By Region:

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

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Modular Data Centre Market Estimations : USD 11.5 Billion by 2028 | Report by FMI

The Modular Data Centre Market is set to enjoy a valuation of US$ 2.7 Bn in 2022 and is predicted to surge at a CAGR of 27.1% to top US$ 11.5 Bn by the end of 2028. Modular data centre, as considered under the scope of the report titled “Global Modular Data Centre Market,” is adopted by industry verticals for storing and managing their data effectively at a faster rate with low maintenance cost. Besides this, the introduction of smart micro-modular data centres is the primary factor driving the global modular data centre market in terms of value.

The integration of IT modules, power modules and cooling modules or an already integrated resultant container comprising all the modules into one container results in the creation of a modular data centre.

Owing to the presence of prefabricated individual modules or containers, one of the most important advantages offered by modular data centres is the portability and the speed of deployment. Owing to these advantages, a higher preference for modular data centres is now witnessed among data centre customers.

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On the basis of component, the global modular data centre market can be segmented into solutions and services. The solution segment is further segmented into all-in-one containers and independent module containers. The all-in-one containers segment is further segmented into 20 feet, 40 feet and customised containers.

However, the independent module containers are segmented into IT modules, power modules and cooling modules. On the basis of solution, the all-in-one containers segment is expected to register attractive growth over the forecast period in the global modular data centre market.

On the basis of data centre size, the global modular centre market is segmented into small, mid-size and large data centres. Owing to the lack of preference, high maintenance and restricted applications in several verticals, large modular data centres are expected to witness a comparatively lower growth rate. On the basis of industry vertical, the modular data centre market is categorised into BFSI, telecom & IT, energy, manufacturing, research, healthcare, government & defence and others.

High adoption of modular data centres has been witnessed since their inception in the telecom & IT and BFSI industry verticals owing to the generation and the need for the storage of high-volume data. Besides this, modular data centres have also been adopted by various governments for storing the data as a backup to deal with expected disasters or emergencies. In addition, the growth of the manufacturing and healthcare industry verticals worldwide in terms of value is correspondingly expected to increase the adoption of modular data centres.

Some of the modular data centre market vendors in this study of the global modular data centre market include CUPERTINO ELECTRIC, INC.; Dell; Delta Power Solutions; Eaton; Hewlett Packard; Enterprise Development LP; Huawei Technologies Co., Ltd.; Inspur Technologies Co., Ltd.; IBM Corporation; Keysource; Rittal GmbH & Co. KG; Schneider Electric and Vertic, Co. Huawei is expected to lead the global modular data centre market.

Competitive Landscape

Modular data centre companies are focusing on developing advanced methods to enable faster deployment of data centres as per client requirements. Top modular data centre suppliers are also investing in research to develop more sustainable solutions to meet environmental concerns.

In June 2021, Schneider Electric, a leading company providing digital solutions for energy and automation, announced the launch of a new modular data centre. The new all-in-one liquid-cooled modular data centre is known as EcoStruxure and is capable of deploying CPU- as well as GPU-intensive, high-performance applications with more reliability in the harsh and remote installation environment.
Africa’s first modular prefabricated data centre was recently announced in 2021, and this was through a collaboration between telecommunication giant Huawei and system integrator Cloud Exchange. The data centre will be the first Tier IV data centre in West Africa, and would also be free from noise and air pollution, making it a sustainable one.

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Key Segments of Modular Data Centre Industry Survey

Modular Data Centre Market by Component:

Solutions
All-in-one Containers
- 20-Feet Containers
- 40-Feet Containers
- Customised Containers
Independent Module Containers
- IT Modules
- Power Modules
- Cooling Modules
Services

Modular Data Centre Market by Data Centre Size:

Small Data Centres
- Micro
- Others
Mid-Sized Data Centres
Large Data Centres

Modular Data Centre Market by Industry Vertical:

BFSI
Telecom and IT
Energy
Government and Defence
Manufacturing
Research
Healthcare
Others

Modular Data Centre Market by Region:

North America Modular Data Centre Market
Latin America Modular Data Centre Market
Europe Modular Data Centre Market
East Asia Modular Data Centre Market
South Asia & Pacific Modular Data Centre Market
Middle East & Africa (MEA) Modular Data Centre Market

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Inventory Management Software Market Value to Grow by Almost U$$ 3,291.1 Million by 2028

The Inventory Management Software revenue totalled US$ 1,528.3 million in 2021 and is expected to reach US$ 3,291.1 million by 2028, growing at a CAGR of around 11.2% between 2022 and 2028.

By the end of the forecast period, North America is expected to have a sizable market value share. Retailers in the United States are focusing on incorporating Omni-channel platforms to provide a better customer experience. Companies in this region are also relying on third parties to manage their operations, which include product storage, packaging, and sales, making online inventory management easier and increasing product penetration. In the global inventory management software market, SEA and Others in APAC would exhibit relatively high growth.

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The software segment, in terms of component and SaaS in terms of deployment are expected to gain swift momentum during the forecast period, considering the rising adoption of cloud for inventory data storage arising from dynamically changing inventory levels. The emergence of advanced technologies, including integration of Big Data analytics, IoT and automation would also fuel the inventory management software market through 2028.

Ease in Supply Chain Operations and Emphasis on Omni-Channel Systems to Push Global Inventory Management Software Market

Technology has notably crept into the supply-chain process. With the introduction of inventory management software, enterprises- big and small are able to get real time visibility of supply and demand, through processes that notifies everyone along the chain, thereby, providing an overview of the inventory functioning. Advanced features such as reservation of specific products from the existing inventory or making segmentations within the inventory to suit privileged demands, adoption of inventory management software is projected to significantly ease supply chain operations along with inventory maintenance, in turn, driving the global inventory management software market.

However, inventory accuracy is paramount for retailers and warehouse owners considering increasing demand for real-time inventory management solutions that can be accessed through multiple channels. Retailers and business owners are increasingly facing challenges apropos to expanding their operations into omni-channel. Enterprises trying to bridge the gap between its online and offline sales is driving the adoption of supply chain solutions such as inventory management software. In a bid to maintain accurate store inventories and serve everyday orders efficiently, vendors are adopting inventory management software across various industry verticals and manage their online and offline customers under an omni-channel platform.

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Integrating AI, Machine Learning Would Further Shape Inventory Management Software Market; Favourable Opportunities for Vendors in the Inventory Management Realm Awaiting

Moreover, disruptive technologies such as predictive ETAs to improve inventory accuracy, live ocean and geo-fencing, and 3D visual warehouse to provide users a visual decision-making platform are only further supporting the adoption of inventory management software, to maintain a smooth demand and supply landscape. Integrating advanced technologies including machine learning and artificial intelligence into the supply chain and inventory management systems would equip inventory management vendors with lucrative market opportunities.

Key players in the inventory management software market are Oracle Corporation, IBM Corporation, SAP SE, Zebra Corporation, Kinaxis Inc., Infor Inc., Zoho Corporation, SAGE Group Plc, Brightpearl Ltd. and DEAR Systems.

Inventory Management Software Market Key Segments Covered

By Component, Inventory Management Software Demand is segmented as:

Inventory Management Software
Inventory Management Services

By Deployment, Inventory Management Software Demand is segmented as:

SaaS-based Inventory Management Software
On-Premises Inventory Management Software

By Industry, Inventory Management Software Demand is segmented as:

Consumer Goods and Retail
Manufacturing
Automotive
Oil and Gas
Others

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Radio Frequency Identification Market to Hit U$$ 54,761 Million by 2028 : Says FMI

The Radio Frequency Identification Market is expected to reach $22.5 billion in 2022 and grow at a 15.9% CAGR to $54.7 billion by 2028. The RFID software and middleware segment is expected to grow rapidly in terms of components over the forecast period. Based on application, the agriculture segment is expected to gain a large market share during the forecast period.

which is expected to grow at a steady pace over the coming years. The dominating regions, i.e., North America, SEA & Others of APAC and Western Europe, are expected to collectively account for a majority share in the global RFID market. These regions are likely to dominate the global market over the forecast period.

Over a decade ago, RFID technology was used by large enterprises. With improvements in technology and economic cost, this technology has been adopted by small and medium enterprises. RFID technology is widely used by all tier companies to streamline operations and enhance the visibility of their supply chain and logistics operations. The usage of RFID technology in automated item identification systems is gaining importance in the retail sector.

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The increasing need for RFID tags across the globe is driven by robust opportunities in the healthcare sector. In the healthcare sector, an increasing focus on RFID technology for the tracking and classification of medical instruments has been driving the demand for RFID tags worldwide.

This technology holds immense potential for improving supply chain efficiency and ensuring patient safety while reducing human errors in healthcare processes at the same time. Healthcare management and monitoring of critical care equipment represent other interesting areas of application for the RFID market.

The automotive and aerospace industry is adopting the RFID technology especially for the tracking of vehicles, inventory management of spare parts and visibility in logistics operations. Also, Vendor management has become smoother with use of RFID technology since it provides detailed performance metrics.

On the basis of FMI analysis, the RFID tags in the component segment are expected to dominate the market due to the high penetration of advanced technologies such as RAIN RFID tag in various industry verticals.

The High Frequency (HF) sub-segment in the RFID tags segment is estimated to remain dominant in terms of market share during the forecast period. On the basis of applications, the agriculture segment will be a dominating segment due to the wide adoption of RFID technology for the tagging of animals through which the farmers can easily trace them and improve supply chain efficiency.

The North America RFID market is expected to dominate the global RFID market due to the large automotive tires market in the country. The market has huge potential in China owing to major technological advancements in the healthcare, retail and consumer goods markets.

The SEA and Others of APAC RFID market will be a target market for market participants looking to penetrate the retail and consumer goods segment. Latin America is estimated to grow with an above-average CAGR over the forecast period. Brazil is expected to hold a major revenue share in the Latin America RFID market over the forecast period.

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According to FMI analysis, long-term contracts with business partners are estimated to help increase revenue and new innovation strategies are likely to enable RFID vendors to reach new growth markets. Some of the market participants in the global RFID market report include Zebra Technologies Corporation; HID Global Corporation; Thin Film Electronics ASA; Invengo Information Technology Co., Ltd.; GAO RFID Inc.; Impinj, Inc.; Xerox Corporation; Omni-ID; Alien Technology, LLC and Molex, LLC.

Radio Frequency Identification Market by Category

Component:

RFID Tags
- Low Frequency (LF)
- High Frequency (HF)
- Ultra-High Frequency (UHF)
- Microwave Frequency
- Ultra-Wideband (UWB)
RFID Readers
RFID Software and Middleware

Applications:

Logistics and Transportation
Aerospace and Defense
Automotive
Retail and Consumer Goods
Agriculture
Healthcare
Government

Region

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

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Hobs Market Value to Surpass US$ 20.55 Billion in 2022, Comprehensive Analysis Report 2032

The global hobs market is estimated to be valued at US$ 20.55 Billion in 2022, and is likely to reach US$ 33 Billion in 2032. The projected CAGR for the 2022-2032 forecast period is 4.8%.

The global kitchen appliances market is driven by the innovation of new products owing to technological advancement leading to the entry of new products such as hobs in the market. Hobs are basically modern gas stoves which are inbuilt in our kitchen slabs and helps in saving a lot of space.

Kitchen hobs is among the most essential equipment needed for cooking and find its place in most of the modern houses. Innovative features such as the incorporation of flame failure detection technology which automatically shuts off when gas leakage is observed and is one of the major reason for the rise in demand of hobs in the market.

The growing number of smart homes also play a major role in boosting the demand for hobs in the market.

Hobs are so designed that they consume less amount of energy or fuel to the same amount of work that a normal cook-top would take which is a major attraction or the consumers and leads to fuelling the demand for hobs in the market.

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Innovation of new products with added safety features such as FFDT technology is driving the Hobs in the market

The key influencer for growth in the demand for hobs is the innovation of new products that are cost-effective and efficient and the rising consumer spending on household products. The global hobs market is driven by the increased availability and reduced prices of these products, owing to the advancement of new technologies.

With advanced features such as variable number of burners or induction tops, zone hobs have become a preferred choice among consumers. Manufacturers of hobs are engaged in research and development to enhance their profit margins and, at the same time, offer efficient products. Growth of the food

Hobs Market: Market Participants

The key market participants identified across the value chain of the hobs market are Whirlpool Corporation, AB Electrolux, Miele & Cie. Kg, Panasonic Corporation, Arcelik A.S. (Beko), IFB Industries Limited, Elica S.p.A., Electron International, FABER S.p.A., Bosch-Siemens Hausgeraete GmbH, Sunflame Enterprises Private Limited, Capella Home Appliances and Daewoo Electronics Corporation, among others.

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Opportunities for Hobs Market participants

The global hobs market has been witnessing significant growth, owing to the increasing penetration of these products in developing countries and growth in the rate of acceptance among consumers. The hobs market is also influenced by the emergence of e-commerce and m-commerce as potential trade platforms.

The supply-side participants of the hobs market are strategizing on new and effective techniques for the marketing of their products to increase product penetration and influence the buying behaviour of consumers in favour of hobs.

The growth in per capita disposable income, coupled with the number of families choosing to live separately in nuclear houses, is also a major reason propelling the growth in the demand for hobs in the market. The hobs market offers promising growth opportunities, which is attracting a large number of players to enter the hobs market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, base material, ignition, burner or induction zone, price range & sales channel.

The study is a source of reliable data on

Hobs Market segments and sub-segments
Hobs Market trends and dynamics
Supply and demand
Hobs Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

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

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Glyceryl Caprylate Market is Expected to Grow at a Nearly 6% CAGR in 2022 – 2032

The glyceryl caprylate market is projected to grow at a strong 6% CAGR from 2022 to 2032, reaching a valuation of US$ 2.4 billion.

The growing cosmetics and personal care industry and awareness among the population for personal hygiene are driving the market for glyceryl caprylate globally. Glyceryl caprylate is a co-emulsifier primarily used for stabilizing the oil-in-water emulsions. It is derived from various vegetable oils.

Palm oil and coconut oil are commonly used resources for obtaining glyceryl caprylate. The fundamental concept of using glyceryl caprylate in cosmetics is its properties that enhances the human skin features such as regulating the skin moisture, maintaining the skin oils, and humidifying the skin. Glyceryl caprylate also acts as a solubilizer for synthetic materials and viscous modifier for flavors and fragrances.

There is a trend for multi-functional end products offering several benefits in one product. This trend has propelled the glyceryl caprylate market as it not only enhances the anti-microbial effect but also provides the necessary conditioning.

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Glyceryl caprylate replaces many conventional thickeners and conditioners such as PQ7, guar gum, Q10, and PEG thickeners. The compatibility of glyceryl caprylate with organic ingredients enhances the market growth as demand for natural products is increasing steadily.

The market of glyceryl caprylate is estimated to grow globally with the strong presence of many domestic and international cosmetic products manufacturing brands. The increased demand for organic cosmetic and personal hygiene products is an add-on factor fueling the growth of glyceryl caprylate market.

Glyceryl Caprylate Market: Market Dynamics

The current century people are more aware of their looks and appearances. And the global population has an immense interest in gaining knowledge about the ingredients in the products and their effect on their skin. The functions of glyceryl caprylate such as a surfactant, and skin conditioning agent drives the demand from the market following the factors as mentioned above.

Other significant factors propelling the glyceryl caprylate market are a surge in cosmetics and personal care industry, and developments of new cosmetics, personal care, and fragrance products. Moreover, increased awareness among the population for personal care, urbanization, changing the retailing sector, and e-commerce is some of the more factors fuelling the growth of the market.

The developing countries are forecasted to be the most promising regions in terms of lucrative opportunities as a result of rapid urbanization, rising disposable income of the population, and growing population. Glyceryl caprylate market is expected to have a significant impact on the developing countries in terms of high revenue generation.

Glyceryl caprylate has a natural origin and is safe for baby care products also, thus, creating new opportunities. The market players are now developing products for baby care range with glyceryl caprylate as one of the ingredients.

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Glyceryl Caprylate Market: Regional Outlook

North America, Japan, and Europe are the mature markets for glyceryl caprylate and have a prominent market share for products containing glyceryl caprylate. As Europe has a more aging population, more anti-aging skin products are being sold.

Thus, the glyceryl caprylate market growth is high. Although Japan is experiencing a similar scenario as of Europe, China has more youth population. The glyceryl caprylate market growth in East Asia is estimated to be high in a specific country while slow in another country.

Also, North America has a growing aged population. Thus, the glyceryl caprylate market is eventually growing in the region. South Asia market for glyceryl caprylate is forecasted to be the most emerging market and a trendsetter for new products.

The Middle East and Africa (MEA) are anticipated to propel the glyceryl caprylate market with the development of products containing glyceryl caprylate market. The glyceryl caprylate market in Latin America is estimated to exhibit exceptional growth with increased awareness among the population for personal care.

Glyceryl Caprylate Market: Key Players

Some of the major players in the Glyceryl Caprylate market SkinChakra, Parchem fine & specialty chemicals, Stepan Company, ABITEC, BOC Sciences, Kao Corporation, Kingyoung Bio Technical Co., Ltd., Tokyo Chemical Industry Co., Ltd. (TCI), INOLEX Inc., Subhash Chemical Industries Pvt Ltd., Universal Preserv-A-Chem Inc. [UPI], SpecialChem, Evonik Industries, and among others. These key market players are estimated to enhance glyceryl caprylate market growth with innovative product formulations and the new product launch.

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 categories such as market segments, geographies, types, technology and applications.

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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

Malaysia
Thailand
Vietnam
Philippines
Indonesia

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.