Peer-To-Peer (P2P) Marketplace Market is Anticipated to Grow at a CAGR of 15.5% from 2022 to 2032

According to the Peer-to-Peer (P2P) marketplace market analysis by Future Market Insights (FMI), the global market demand is anticipated to grow at a CAGR of 15.5% during the forecast period from 2022 to 2032, pushing the market size to US$ 1.2 Bn in 2022.

As per FMI, increasing penetration of internet-connected services and digitization across the BFSI sector is expected to boost the market over the forecast period. These platforms enable faster peer-to-peer Fintech processes and real-time transaction capacity.

Countries such as China and India have large young population, with social media enhancing their digital lives. The vast number of unbanked and underbanked population around the world has fueled the adoption of digital financial services accessible via smartphones, which encourages the use of peer-to-peer marketplaces.

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Consumers are preferring m-commerce, and most governments have implemented measures to encourage the growth of the digital economy and digital infrastructure. Consumers’ social contacts, financial services, digital entertainment, everyday living services, and shopping habits are undergoing changes as a result of digital payment. Such factors are expected to boost sales in the peer-to-peer marketplace market in the forthcoming years.

The constant need for loans and debts is translating into opportunities for growth for market players. Since India is becoming one of the world’s fastest-growing economies, internet businesses are investing more in research and development to create online platforms that are authorized by the Reserve Bank of India (RBI).

Such rules are required to protect the interests of both lenders and borrowers. Blockchain technology is proving to be a game-changer in terms of reducing the risk of fraud and loan default. This technology also aids in the enhancement of Fintech platform security. Hence, adoption of Peer-to-Peer (P2P) marketplace is expected to grow at a significant rate.

Key Takeaways: 

  • By platform type, FinTech P2P marketplaces segment is expected to grow at a CAGR of 18.2% in the global demand for Peer-to-Peer (P2P) marketplace during the forecast period 2022-2032.
  • By business model, the Business-to-Consumer (B2C) segment is anticipated to increase at a CAGR of 19.0% between 2022 & 2032.
  • By industry, the adoption of Peer-to-Peer (P2P) marketplace solution in BFSI segment is anticipated to increase at a CAGR of 17.7% between 2022 & 2032.
  • 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.

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Peer-To-Peer (P2P) Marketplace Outlook By Category

By Platform Type:

  • eCommerce / Retail P2P Marketplaces
  • FinTech P2P Marketplaces
  • Rental P2P Marketplaces
  • Others

By Business Model:

  • Customer-to-Customer (C2C)
  • Business-to-Consumer (B2C)
  • Business-to-Business (B2B)

By Industry:

  • BFSI
  • Retail/eCommerce
  • Real Estate
  • Education
  • Travel & Hospitality
  • Others

By Region:

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

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Cloud IAM Market is Estimated to Grow With a CAGR of 18.3% from 2022 to 2032 | FMI

According to the cloud IAM market analysis by Future Market Insights (FMI), the adoption of cloud IAM market is estimated to grow with a CAGR of 18.3% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 25,539.2 Mn by the end of 2032. Growth is primarily attributed to integration of artificial intelligence and machine learning in IAM solutions.

Artificial intelligence combined with analytics can provide contextually and focused insights so that both non-technical and technical employees can work more time-efficient. These advanced technologies help to speed up the present IAM compliance controls.

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It can detect potential threats and anomalies, without the need for a large team of security experts. In addition to that many IAM solution providers started adding behavioral data analytics with the help of ML technology to improve security tactics.

Key Takeaways: Cloud IAM Market

  • By solution, the cloud IAM platform segment is anticipated to account for the leading share in the global demand for cloud IAM in 2021.
  • Standalone software segment is estimated to grow at a CAGR of 19.5% through 2032.
  • Among the enterprise size, SMEs segment is estimated to grow at a CAGR of 20.2% during the forecast period.
  • By industry, the healthcare segment is anticipated to grow at a CAGR of 22.7% between 2022 and 2032.
  • North America is expected to dominate the cloud IAM market, followed by Europe in 2022.
  • South Asia & Pacific is estimated to witness fastest growth in the global cloud IAM market during the forecast period.
  • The U.S. cloud IAM market is expected to progress at a CAGR of around 15.1% through 2032.
  • In East Asia, China cloud IAM market is expected to grow by 6.1X during the forecast period.
  • Japan is expected to grow at the highest CAGR of 21.9% during the assessment period.

Growing Adoption of BOYD Across Organizations 

A variety of mobility movements in organizations have increased security measures to verify or authenticate the end-user machine. Increasing penetration of tables, personal devices, and mobiles helps employees to connect to the network of the organizations through their personal devices.

In recent times, employees are preferred to use their own devices instead of using office desktops or laptops. It ultimately creates the need for cloud IAM solutions to access the network. Therefore, the growing adoption of BOYD by many organizations ultimately fuels the demand for IAM solutions.

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Cloud IAM Outlook by Category

By Solution:

  • Cloud IAM Platform
  • Standalone Software
    • Cloud Single Sign-On (SSO)
    • Cloud-based Directories
    • Cloud Password Management
    • Others

By Enterprise Size:

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

By Industry:

  • BFSI
  • Telecom & IT
  • Energy and Utilities
  • Healthcare
  • Manufacturing
  • Education
  • Retail
  • Others

By Region:

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

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Smart Mining Technologies Market is Expected to Reach US$ 9 Bn by 2032 | Report by FMI

According to the smart mining technologies market analysis by Future Market Insights (FMI), the demand registered in the market will grow at a CAGR of around 14.3% from 2022-2032. The report states that the market is expected to reach the valuation of US$ 2.3 Bn by end of 2022 and expected to reach US$ 9 Bn in 2032. Surging demand for digitalization and the adoption of IoT devices in mining operations is expected to drive growth in the smart mining technologies market.

Rising penetration of IoT in the mining industry for performance improvements, analytical maintenance, cost optimization and improved safety is expected to boost the smart mining technologies market.

Moreover, most mining companies are inclined towards digitalization to manage mining operations. IoT in the mining industry improves mining operations by improving data accuracy rates, reduction in energy expenditure and predictive maintenance. Also, IIoT (Industrial Internet of Things) can anticipate machine failures during mining, reducing downtimes.

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Within the next five years, several mining organizations are expected to digitize at least some aspects of their operations using operational intelligence systems. Wireless monitoring mining systems digitizes assets with real time performance tracking and connects large number of sensors, eliminating the need for wired monitoring.

Furthermore, increasing investments in predictive maintenance for full integration of network, continuous monitoring and reduced downtimes is fuelling the market demand for smart technologies in the mining industry.

Key Takeaways: 

  • By technology solution, the blockchain-based metal trading platform segment is estimated to grow at a robust CAGR of 17.5% through 2032.
  • By application, the risk & compliance management segment is anticipated to increase at a CAGR of 16.6% between 2022 & 2032.
  • North America region is dominating smart mining technologies market followed by Europe region in 2022. South Asia & Pacific is estimated as the fastest growing region during the forecast period.
  • The market in U.S. is expected to progress at a CAGR of around 10.0% through 2032.
  • In India, smart mining technologies market is expected to grow by 7.6X during the forecast period.
  • Smart mining technologies market in China is estimated to witness the absolute opportunity of US$ 447.3 Mn in the forecast period.

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Smart Mining Technologies Market by Category

By Technology Solution:

  • AI/ML-enabled Supply Chain Management
  • Mining Analytics Platform
  • Blockchain-based Metal Trading Platform
  • Emissions Management Software
  • Others

By Application:

  • Risk & Compliance Management
  • Mining Operations & Process Control
  • Mining Data Warehousing
  • Others

By Region:

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

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Contactless Ticketing Market is Expected to be Worth US$ 17.3 Billion by 2032 – Future Market Insights, Inc.

The global contactless ticketing market is expected to be worth $9.4 billion in 2022, rising to $17.3 billion by 2032. It is expected to grow at a CAGR of 13.9% between 2022 and 2032. The tourism, entertainment, and sports industries are expected to drive growth in the near future.

When it comes to the contactless ticketing, the two main options available are mobile NFC (Near Field Communication) and smart cards. Contactless smart cards are the ones customers are most aware of in contactless ticketing. In contactless ticketing, people just hold their card a few inches away from a reader, to securely authenticate or to pay for a passenger’s pass or ticket. Contactless ticketing solutions by a mobile NFC can store tickets on the mobile phone digitally, and the NFC-enabled mobile phone can be used as a contactless transport ticket. To top up, by using contactless ticketing a passenger has to just tap the mobile device on the NFC reader at the barrier or when boarding the bus or train.

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Many countries are already enjoying the benefits of near field communication technology by using contactless ticketing. Due to the increase in fraudulent activities and the need to provide secure services to customers, contactless ticketing providers are offering security-based solutions to fulfil this huge demand in the contactless ticketing market. The introduction of reliable and safe contactless ticketing has brought about a wide range of applications of contactless ticketing in different sectors. Contactless ticketing solutions can also be used for fare collection via mobile ticketing and tolls.

Global Contactless Ticketing Market: Drivers and Challenges

Contactless payments are fast-paced without the requirement of any password or pin to process the payment. Thus, these transactions are performed quickly without compromising on privacy or security. This is one of the major factors driving the growth of the contactless ticketing market. The increasing demand for mobile and web applications, and real-time information, are some of the major factors driving the growth of the contactless ticketing market. Faster and easier transactions by using contactless ticketing make the boarding of passengers’ smoother, and hence, is another factor anticipated to drive the growth of the contactless ticketing market during the forecast period. Moreover, the increased adoption of NFC payments is anticipated to foster the demand of the contactless ticketing market over the forecast period.

However, concerns regarding security and privacy have created lack of trust among the public, and the absence of a pin facility during the transaction in contactless ticketing further increases the concerns of customers. This is one of the key factors hampering the growth of the contactless ticketing market. Moreover, contactless ticketing cards are accepted at less locations as compared to magnetic striped cards, which is another factor restraining the growth of the contactless ticketing market.

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Global Contactless Ticketing Market: Competition Landscape

Key Vendors

Examples of some of the market participants in the global contactless ticketing market identified across the value chain include CPI Card Group Inc., Infineon Technologies AG, Proxama, PLC., Texas Instruments, Inc., Wirecard AG, NXP Semiconductors N.V., Atos SE, Giesecke & Devrient GmbH, American Express Company, and Oberthur Technologies S.A.

Global Contactless Ticketing Market: Regional Outlook

The contactless ticketing market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa (MEA).

Growing economies such as China and Japan are set to be emerging regions in the contactless ticketing market in the coming years, due to increasing investments from their governments and companies providing complete automation ticketing services and systems. Europe is anticipated to lead the contactless ticketing market, followed by North America, during the forecast period, due to fast adoption of new technology in these regions. South Asia is estimated to significantly contribute to the contactless ticketing market, due to the growing demand for smart ticketing and automated systems from the developing countries in this region.

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Key Segments Profiled in the Contactless Ticketing Industry Survey

By Device Type:

  • Smart Cards
  • NFC Chips
  • Mobile Handsets
  • Others

By Vertical:

  • Transportation
    • Land Transport
    • Air Transport
    • Water Transport
  • Media and Entertainment
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Electric Wheelchair Market is Expected to Exceed US$ 8 Billion by the end of 2032 | FMI

The global electric wheelchairs market is expected to exceed US$ 8 billion by the end of 2032. The demand for electric wheelchairs is expected to exceed US$ 4 billion by 2022, growing at a CAGR of 10% between 2022 and 2032. The rising prevalence of muscular conditions and the world’s ageing population are driving up demand for electric wheelchairs.

Electric wheelchairs, also known as electric power wheelchairs and power chairs, are mobility aids. They are used by people who have difficulty walking or who have immobility-related medical conditions. Because they are powered by a rechargeable battery, these wheelchairs do not require any human assistance to move.

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Electric wheelchairs are also called power chairs or electric Power wheelchairs. They do not require any human assistance for mobility as they are powered by battery. The most obvious advantage of electric wheelchairs is that they are user friendly and convenient. These electric wheelchairs are useful for those unable to use manual wheelchairs or who may want to use wheelchairs for travelling longer distances and in such a case using a manual wheelchair is very difficult. Apart from people with traditional mobility disability, they may also be used by people with cardiovascular diseases or who met with any accidental conditions.

Electric Wheelchair Market: Drivers and Restraints

Factors which are driving the growth of the global electric wheelchair market are growing worldwide elderly population, necessity of automated wheelchair for disabled people and high disposable income of people from developed countries such as UK, France, Germany, US, Canada and Japan. Furthermore increasing demand of advanced wheelchairs from the sport industry is also influencing the growth of electric wheelchair market, as many sport events are organised specially for disabled persons.

Apart from several advantages, the global electric wheelchair market is also facing some challenges such as the high cost of electric wheelchairs and lack of awareness and infrastructure. However these issues are expected to reduce during forecast period.

Electric Wheelchair Market: Region wise outlook

The global electric wheelchair market is estimated to witness robust growth through 2025 due to growing technological advancement in electric wheelchair industry, new products are equipped with gadgets for accessibility and control. The North America region led the market in 2014 in terms of highest demand. In the US, the government provides medical insurance to people over age of 65, which also helps them to get medical facilities at subsidized rates. High purchasing power, increasing elderly population and consumer awareness and inclination towards more sophisticated technology driven the progress of electric wheelchair market in this region. In coming years, developing countries such as India, China and Brazil are expected to boost the demand of electric wheelchairs. It is mainly because of the gradual increase in consumer awareness and development of medical facilities in this region.

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Electric Wheelchair Market: Key Players

The key international players operating in electric wheelchair market includes OttoBock Healthcare GmbH, Invacare Corp., Pride Mobility Products Corp., Permobil AB, Sunrise Medical Limited, Hoveround Corporation, LEVO AG, Invacare Corp., MEYRA GmbH, Medical Depot, Inc., GF HEALTH PRODUCTS, INC and Others. All these key players are focusing on delivering best value products to their customers. Customised offering and product innovation is a common strategy adopted by most of the key players. These electric wheelchair manufactures offers large variety and different sizes of wheelchairs to meet demand of individuals depending upon their weight and height.

Key Segments Profiled in the Electric Wheelchairs Market Survey

By Product Type:

  • Center Wheel Drive
  • Front Wheel Drive
  • Rear Wheel Drive
  • Standing Electric Wheelchairs

End Users:

  • Hospitals & Clinic
  • Home Care
  • Sports Conditioning

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

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Facility Management Software Market is Surpass a Valuation of ~US$ 64,277.8 Mn by 2032 | FMI

According to the Facility Management Software Market analysis by Future Market Insights (FMI), the demand registered in the market will grow at a CAGR of 11.8% from 2022-2032.

The report also forecasts that the market will surpass a valuation of ~US$ 20,985.1 Mn by the end of 2022 and reach ~US$ 64,277.8 Mn by 2032. As per FMI, technological advancements and the introduction of automation systems for facility management have positively impacted market growth. These technologies have become significant in improving economic competitiveness, thereby driving the solution demand. The facility management software uses automated tools to capture and secure the data. Additionally, the rise of robots and automated machinery in various verticals are also responsible for driving market growth.

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Healthcare, travel & hospitality, education, and manufacturing are the major sectors using facility management solution to handle business processes easily. Due to advancements in cloud-based software, the facility management software is transforming the market gradually. With the help of this facility management software, the expenditure as well as the time required in managing the documents for industries such as healthcare and real estate have reduced.

Key Takeaways: Facility Management Software Market 

  • By deployment mode, on-premises FMS segment is anticipated to account for the leading share of 56.4% in the global demand for facility management software in 2032.
  • By type, integrated software segment is anticipated to account for the leading share of 54.4% in the global demand for facility management software in 2032.
  • By enterprise size, the adoption of facility management software in small & mid-sized enterprises is anticipated to grow at a CAGR of 12.7% between 2022 & 2032.
  • By industry, the adoption of facility management software in travel & hospitality is anticipated to grow at a CAGR of 9.7% between 2022 & 2032, while healthcare segment is currently dominating the market share.
  • 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 Japan is expected to progress at a CAGR of 17.7% through 2032.
  • In GCC Countries, sales are expected to grow at a CAGR of 15.8% over the forecast period.

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Demand for Facility Management from Modern Workspaces

Facility management software evolution has completely transformed the way how businesses operate. For the modern workspaces it became a necessity to have the facility management software to run the operations in an efficient manner. All the businesses involve several operations to be performed, with the growing technological advancement these business procedures can be handled efficiently with usage of facility management software.

The software helps the facility managers to optimally utilize the assets, reduce the space which results to the decrease in the maintenance cost, by saving the money and also time. Furthermore, the software also helps in managing the multiple facilities simultaneously. Therefore, the use of the facility management software increases the overall productivity of the businesses, which in turn is boosting the market growth.

Changing Organization Culture and Workstyle 

The culture of most of the organizations is evolving in a fast pace with the globalization. Major companies are diversifying the operations and work culture. Technical innovation and advancement positively influence the work culture. Smart workplaces equals to the smart insights. The benefits of Internet-enabled management systems are compelling. A common reporting platform can generate an easily accessible information and also helps in identifying the faults, and guide regarding the performance issues among others.

Furthermore, facility management software also helps in managing the space and help in forecasting the future needs. Therefore, most of the organizations are inclined towards adopting technically advanced solutions which motivates the facility management software providers to come up with product innovation, in turn boosting the market growth.

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Facility Management Software Outlook by Category

By Deployment Mode:

  • On-premise FMS
  • Cloud-based FMS

By Type:

  • Integrated Software
  • Standalone Software

By Enterprise Size:

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

By Industry:

  • Healthcare
  • Travel & Hospitality
  • Manufacturing
  • Education
  • Transportation & Logistics
  • Government
  • Others

By Region:

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

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IT Asset Disposition Market is Expected to Reach US$ 31.8 Billion by 2032 | Report by FMI

According to a recent study done by Future Market Insights, the IT asset disposition market is expected to reach US$ 31.8 Billion by 2032, up from US$ 15.6 Billion in 2022, expanding at a high CAGR of 7.4%. This study explains that factors such as the strict data security compliance with environmental regulations, need to store assets in inventory for remarketing, the need to maximize asset value recovery, and the growing usage of electronic devices such as mobiles, laptops, and tablets for enterprise usage are expected to accelerate the market growth during the forecast period.

The major factor that is expected to propel the growth of the IT Asset Disposition Market during the forecast period includes the awareness of conserving the environment. In addition, the IT asset disposition market has been witnessing significant growth over the past years, mainly owing to regulatory compliances, and the growing need to prevent data breaches.

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The market is further driven by the vast amounts of e-waste, the need for safe methods of disposing of e-waste, and environmental policies which are followed by industries. The surging adoption of new technologies and BYOD trend is also expected to considerably boost the IT asset disposition market in the coming years. Moreover, the increase in need for data and information security in old assets acts as one of the major factors fueling the growth of IT asset disposition market during the forecast period.

Key Takeaways from the Market Study

  • Global IT asset disposition market to be valued at US$ 15.6 Bn by 2022-end
  • The U.S to account for the highest value share of US$ 11.4 Bn of global market demand for IT Asset Disposition Market in 2032
  • From 2015 to 2021, IT Asset Disposition demand expanded at a CAGR of 8.1%
  • By asset type, the servers category constitutes the bulk of IT asset disposition market with a CAGR of 7.1%.

Competitive Landscape

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

  • In August 2020, CompuCom (US) and Office Depot (US) partnered to provide a suite of IT hardware and service offerings for small and mid-sized businesses to support their remote workplaces. Companies with between 50 and 1,500 users can access a range of services, including remote IT support, on-site hardware and software repair, and eco-friendly disposal of IT equipment.
  • In February 2020, Dell Technologies (US) entered an agreement with Symphony Technology Group (STG), Ontario Teachers’ Pension Plan Board (Ontario Teachers’), and AlpInvest Partners (AlpInvest) to acquire RSA. RSA provides risk, security, and fraud teams with the ability to holistically manage digital risk, including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.
  • In July 2019, TES (Singapore) acquired Integrations et Services (I&S) (France), a leading provider of configuration to order, staging, and IT deployment services across France and mainland Europe, to deliver integrated end-to-end IT lifecycle solutions while also helping its clients manage the complexities and risks that are inherent in them.

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Know More About What the IT Asset Disposition Market Repost Covers

Future Market Insights offers an unbiased analysis of the global IT Asset Disposition Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered in the IT Asset Disposition Market Study

IT Asset Disposition by Service

  • IT Asset De-Manufacturing and Recycling
  • IT Asset Remarketing and Value Recovery
  • IT Asset Data Destruction/Data Sanitization
  • IT Asset Logistics Management and Reverse Logistics
  • Other Services

IT Asset Disposition by Asset Type

  • Computers/Laptops Disposition
  • Servers Disposition
  • Mobile Devices Disposition
  • Storage Devices Disposition
  • Peripherals Disposition

IT Asset Disposition by Organization Size

  • IT Asset Disposition for SMEs
  • IT Asset Disposition for Large Enterprise

IT Asset Disposition by End User

  • IT Asset Disposition in Banking, Financial Services, and Insurance (BFSI)
  • IT Asset Disposition in IT and Telecom
  • IT Asset Disposition in Educational Institutions
  • IT Asset Disposition in Healthcare Industry
  • IT Asset Disposition in Aerospace and Defense
  • IT Asset Disposition in Public Sector and Government Offices
  • IT Asset Disposition in Manufacturing
  • IT Asset Disposition in Media and Entertainment
  • IT Asset Disposition in Other Industries

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IT Asset Disposition by Region

  • North America IT Asset Disposition Market
  • Latin America IT Asset Disposition Market
  • Europe IT Asset Disposition Market
  • Asia Pacific IT Asset Disposition Market
  • Middle East and Africa IT Asset Disposition Market

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

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AI Platform Market is Expected to be Worth US$ 254.14 Billion by 2032 – Future Market Insights, Inc.

The global AI platform market is expected to be worth US$ 10 billion in 2022, growing at a CAGR of 38.2% to be worth US$ 254.14 billion by the end of the forecast period of 2022-2032. The market was worth $9.6 billion in 2021, and it is expected to grow by 4.2% year on year between 2021 and 2022.

Because decision-making is a critical point for service providers and various manufacturers in the market, the AI platform market has grown. The AI platform market has boomed as players are now focusing on the creation of AI platforms and targeting niche solutions for solving specific enterprise problems, which has led to its growth.

The process that the AI platform goes through is learning which includes the acquisition of information for using the information, the other is reasoning which include using rules to reach approximate or definite conclusions, and the last is self-correction.

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AI Platform Market: Drivers and Challenges

One of the drivers for the AI platform market is the increase in the demand of AI-based solutions and products in the market. Another driver for the AI platform market include the surplus amount of data available and developed using the hardware or such other sources.

This helps the AI platform to work with full efficiency and reach out to the best possible results. Also, as there are technological advancements all round the world, there are growing innovation in the AI technology which would lead to the growth of AI platform market.

The ease of doing work is also a factor which is driving the market for AI platform as these platform would help in the formation of intelligent business processes.

The factor which has been the major restraint for the AI Platform market is the skill gap which prevails in the market, and the use of AI platform mostly for the popular applications which keeps the other applications underdeveloped.

AI Platform Market: Market Participants

Examples of some of the market participants in the global AI platform market identified across the value chain include Microsoft Corporation, Google, Amazon Web Services, Infosys, Wipro, Premonition, Rainbird Technologies, Ayasdi, Inc., Mindmeld (Cisco Systems), Facebook, Vital AI, LLC, Kasisto, Receptiviti, Locl Interactive Inc., HPE, Qualcomm Technologies, and Absolutdata, Salesforce, IBM, Intel, and others of AI Platform market.

AI Platform Market: Regional Overview

On the basis of geography, the global AI platform market can be segmented into North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan, and the Middle East & Africa.

Among all these regions, North America is expected to hold a major market share of the global AI platform market during the forecast period, due to the early adoption of the AI platform based applications, and also due to the increased number of established players in the region regarding the AI platform market.

Regional analysis includes

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • Japan
  • APEJ
  • Middle East & Africa

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AI Platform Market: Segmentation

The AI platform market can be segmented on the basis of component, deployment mode, application, end-user, and region.

On the basis of component, the AI platform market can be segmented into:

  • Tools
  • Machine Learning
  • Natural Language Processing Services
  • Managed Services
  • Professional Services

These are the major components of AI platforms which are in which machine learning tools being the most attractive in terms of market growth in recent times.

On the basis of deployment mode, the AI platform market can be segmented into:

  • Cloud
  • On-premise

On the basis of application, the AI platform market can be segmented into:

  • Forecasts and prescriptive models
  • Chatbots
  • Speech recognition
  • Text recognition
  • Others

On the basis of end-user, the AI platform market can be segmented into:

  • Manufacturing
  • Healthcare
  • BFSI
  • Education
  • Transportation
  • Retail and e-Commerce
  • Robotics
  • Others

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Jobsite Management Software Market is Estimated at US$ 13.1 Billion by 2032 | Report by FMI

The global jobsite management software market is estimated at US$ 13.1 Billion while exhibiting a CAGR of 8.6% during the forecast period from 2022 to 2032, reports a recently published Future Market Insights study. Expansion of the market can be attributed to the growing requirement for large-scale project management.

Rapid urbanization is estimated to be one of the key factors driving the market during the assessment period. As people migrate to cities, the construction market is likely to witness notable expansion in the forecast period. Also, smart cities and new housing trends supported by digital technologies is anticipated to augment the market size in the forthcoming period. For instance, Building Information Modelling (BIM) software like AutoCAD and Revit enable the user to test the construction digitally. Such innovations are expected to provide a significant boost to the industry in the assessment period.

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Asia Pacific is anticipated to witness the fastest growth during the forecast period, attributed to the increasing focus on smart manufacturing. The region has been acknowledged as one of the most notable markets for construction and design software owing to the presence of evolving economies such as China, Japan and India. As per Invest India, the National Investment Promotion and Facilitation Agency of the Government of India, US$ 5 Billion of revenue was generated in 2020 in the construction equipment sector.

Key points from the Market Study

  • By end-user, the general contractors segment is anticipated to dominate the market while exhibiting a CAGR of 8.5% during the forecast period
  • By product type, the cloud-based segment is projected to record a CAGR of 8.6% from 2022-2032
  • Market in the U.K to garner a market value worth US$ 536.4 Million by 2032
  • Industry in China to record a CAGR of 7.9% during the forecast period
  • Market in South Korea is expected to hold a value of US$ 470.8 Million during the assessment period.

Competition Analysis 

Key players in the market include Heavy Construction Systems Specialists, Inc., Fieldwire, CoConstruct, esub construction software, and DataForma. Notable Developments in the Market are:

  • In February 2022, Trimble Inc., a California-based building & construction player, introduced the Trimble Roadworks Paving Control Platform for asphalt , to allow operators to monitor the compaction process appropriately.
  • In March 2021, Trimble Inc., launched the latest version of Tekla Structures 2021, a structural BIM software solution for structural engineering, steel fabrication management, and constructible BIM. The software offers updated features and offers better usability with in-product guidance.
  • In April 20compactors22, eSUB Construction Software, a cloud-based management solution, founded in San Diego, CA, announced the latest iteration of its unique construction software. eSUB Cloud 2.0 aims to increase profitability and productivity by strengthening communication between the office and field and offering an advanced user experience.

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More Valuable Insights

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

Key Segments Profiled In The Jobsite Management Software Market

Jobsite Management Software Market by Product Type:

  • Installed PC Jobsite Management Software
  • Installed Mobile Jobsite Management Software
  • Cloud-based Jobsite Management Software

Jobsite Management Software Market by End-User:

  • Jobsite Management Software by General Contractors
  • Jobsite Management Software by Building Owners
  • Jobsite Management Software by Independent Construction Managers
  • Jobsite Management Software by Sub-Contractors
  • Jobsite Management Software by Others

Jobsite Management Software Market by Region:

  • Jobsite Management Software in North America
  • Jobsite Management Software in Europe
  • Jobsite Management Software in APAC
  • Jobsite Management Software in MEA
  • Jobsite Management Software in Latin America

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

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Aqueous Acrylic Binders Market | Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2027

Aqueous Acrylic Binders are used for the production and formulation of paints, adhesives, sealants, construction and fibre bonding materials and in the paper and packaging industry. The aqueous acrylic binders are also used for the production of fibreglass and polyester mats that can be used in multiple applications such as roofing shingles, gypsum board facers and HVAC systems.

The key market participants are investing their significant portion of sales in R&D to differentiate them in products, applications and services. The binders are generally the film-forming elements of a coating or adhesive.

It provides adhesion to a substrate, binds pigments and extenders together, and determines important properties such as durability, flexibility and glossiness. The aqueous acrylics binders are used in numerous industry verticals as raw materials for binding, modifying and refining materials and substrates.

They form the basis of the manufacturing process for aqueous paints, stains and textured finishes. The lower value of VOC is the major reason for the shift from solvent borne to water borne systems for coating of the wood.

With coatings based on Aqueous Acrylic Binders, manufacturers can lower VOC without lowering production speed. The specific demands of various adhesive applications can be met by the binders to formulate environmental-friendly and highly concentrated aqueous adhesives with low levels of viscosity.

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Aqueous Acrylic Binders Market: Drivers and Restraints

The textile industry is one of the major users of aqueous acrylic binders, which are used as bonding agents for different fibre types such as synthetic fibres, glass, natural or cellulose fibres. The ever growing demand for textile products for apparel as well as industrial uses will require more volume of aqueous acrylic binders for manufacturing processes.

In construction sector, the aqueous acrylic binders are used in waterproofing slurries, wet room sealants, floor adhesives and sealing compounds. The increasing urbanization coupled with new concepts for housing and construction are projected to be the major drivers of the market.

The aqueous acrylic binders are used by the paper industry to achieve painted print qualities. They lend the products very good printability, durability, less odour and a high degree of whiteness, improving the appearance and performance of finished paper and board.

The growing online commerce is expected to create positive impact on the aqueous acrylic binders demand for high-performance packaging that protects ordered goods from the wear and tear due to transport.

The use of aqueous acrylic binders will be one of the key factors driving innovation in the coatings market to reduce environmental impact of a coating system and the reduction of HAPs, VOCs and hazardous chemicals.

Aqueous Acrylic Binders Market: Region-Wise Outlook

As of 2015, Western Europe, Japan and North America were expected to witness moderate growth in the aqueous acrylic binders market. This was driven by new product innovations to meet the growing need for more sustainable product, which is expected to increase the demand for aqueous acrylic binders in these regions.

The APEJ region is expected to register significant growth, due to the rapidly growing paint industry, which is driven by the rapid industrialization in emerging economies in the region.

There has been a significant demand from architectural, automotive, vehicle and industrial coating segments from the past few years, which in turn, bolsters the market growth. Latin America and Eastern Europe are also expected to register healthy CAGRs over the forecast period.

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Aqueous Acrylic Binders Market: Market Participants

Examples of some of the market participants in the global Aqueous Acrylic Binders market identified across the value chain include:

  • BASF
  • DOW Chemicals
  • Polímeros y Sistemas de Aplicación Tecnica S.L.
  • Scott Bader Group
  • Omnova Solutions
  • Arkema Inc.
  • Tanatex Chemicals
  • Achitex Minerva Spa
  • Neochem Technologies

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

About FMI

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

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