Tumor Embolization Market | Know the Latest COVID19 Impact Analysis and Strategies of Key Players 2029 Forecast

Tumor Embolization Market Overview

this research contains exhaustive competition analysis that covers insightful data on industry leaders is intended to help potential market entrants and existing players in competition with the right direction to arrive at their decisions. Tumor Embolization Market structure analysis discusses in detail companies with their profiles, revenue shares in market, comprehensive portfolio of their offerings, networking and distribution strategies, regional market footprints, and much more.

Tumor embolization is the procedure of shutting down the blood supply before planned surgical procedure. The blood vessels supplying blood to tumor which is to be operated can be shut down completely resulting in understanding the clearer margins of the tumor.

By shutting down the blood supply the tumor can also be used to deliver the tumor-killing therapy directly. Tumor embolization can be carried out effectively in different parts of the body resulting in managing the tumor related disorders effectively. The outgrown tumor can also hinder in the blood supply to various essential organs and can adversely hamper the body functioning.

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Tumor Embolization Market: Drivers and Restraints

Increasing prevalence of the malignant as well as non-malignant excessive skin growth expected to drive the growth of the tumor embolization market. The minimal invasive nature of the tumor embolization further expected to drive the growth the global market.

Patients can be operated with local anaesthesia for the tumor embolization procedure and outpatient nature of the procedure further helps to enhance the patient compliance driving the growth of the tumor embolization market. Availability of different tumor embolization techniques provides additional options to physicians which in turn further expected to drive the growth of tumor embolization market.

Increasing prevalence of solid tumor cancer across the world expected to drive the growth of the market.

Tumor embolization plays important role in limiting the growth and spread of the solid cancer which makes the procedure even more effective and hence it is also preferred by the physicians. Various critical sites such as liver where surgery is not an option due to critical nature with higher risks involved, minimal invasive tumor embolization procedure is preferred choice for the successful treatment, in turn driving the growth of the market.

The extensive number of clinical trials are being carried out by various manufacturers and other organizations to evaluate the possible use of tumor embolization further expected to drive the growth of the market. Whereas, limited availability of products for tumor embolization may hamper the potential growth of the market.

Tumor Embolization Market: Overview

The global tumor embolization market is expected to witness significant growth rate over the forecast period. By treatment type, the tumor embolization market is expected to be dominated by Drug-eluting bead chemoembolization (DEB-TACE) due to higher effectivity of the procedure among cancer patients.

By indication, the global tumor embolization market is expected to be dominated by solid tumor cancer due to higher adoption of the procedure in the solid tumor cancer patients. By end user, the tumor embolization is expected to be dominated by the hospitals due to higher patient footfall for the treatment.

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Tumor Embolization Market: Regional Outlook

North America is expected to be the highest revenue generating region in the global tumor embolization market due to higher number pf procedures carried out in the region. Latin America tumor embolization market is expected to witness steady growth over the forecast period due to increasing product availability in the region.

Europe is expected to be the second most lucrative region in the global tumor embolization market owing to higher product adoption for the treatment of solid tumor cancer. Asia-Pacific tumor embolization market is expected to witness exponential growth over the forecast period due to upgradation of the healthcare infrastructure as well as increasing product availability.

Middle East & Africa is expected to be the least lucrative region in the global tumor embolization market owing to lower product availability.

Tumor Embolization Market: Key Players

The key participants operating in the global tumor embolization market are: Boston Scientific Corporation, Varian Medical Systems, Inc., Nordion, Sirtex Medical, and others.

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

The report covers exhaust analysis on

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Northern 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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Tumor Embolization Market: Segmentation

The global tumor embolization market is segmented on the basis of treatment type, indication, end user and region.

By the treatment type, the global tumor embolization market is segmented as:

  • Trans-arterial Embolization (TAE)
  • Drug-eluting bead Chemoembolization (DEB-TACE)
  • Radioembolization (RE)
  • Others

By indication, the global tumor embolization market is segmented as:

  • Solid Tumor Cancer
  • Non-Malignant Tumor
  • Others

By end user, the global tumor embolization market is segmented as:

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers

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Blockchain In Banking Market Increasing Demand for Efficient Management Practices Report 2031

Global demand for Blockchain in banking is expected to grow at a CAGR of around 28% during the forecast period 2021-2031. Blockchain-enabled transactions are able to eliminate third-party payment gateways allowing fast-paced financial communications.

The growth of the market can be attributed to the growing demand for increased transaction speed, scalability and reduction in processing costs in the banking sector. In addition, the rising need to simplify business processes and increasing venture investments in blockchain technology are projected to offer lucrative opportunities to the market in the near future.

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Fund Transaction Management is expected to Contribute Largest Market Share

The fund transaction management segment is anticipated to hold the largest share in 2021, whereas, the record keeping segment is anticipated to witness the highest CAGR over the forecast period. The demand for blockchain in banking and financial services for fund transaction is increasing as it is more programmable and easier to manage.

Blockchain offers multiple benefits for fund transaction management. It helps in streamlining processes, decreasing settlement times, reducing costs, digitization of processes and workflows, reducing operational risks of fraud, human error, making them programmable, and much offhand to manage and trade. This is estimated to fuel the market growth over the forecast period.

US Blockchain in Banking Industry Outlook

The growth in U.S. is attributed to the presence of major market players and on-going developments in blockchain technology in the country. The blockchain technology in banking provides cryptographic security and transparency which decreases the fraud in banks is set to rise the growth of the market in this region.

The U.S. economy is increasingly powered by big data, platform business models, advanced analytics, smartphone technology and peer-to-peer networks. At the same time, innovation in the financial sector is dramatically changing the markets.

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East Asia Demand Outlook for Blockchain in Banking

The market in the East Asia region is estimated to witness noteworthy growth over the forecast period on the back of increasing number of government initiatives to promote the usage of blockchain technologies in countries, namely Japan, China and South Korea, as a result of their high efficiency and transparency. Apart from this, growing bitcoin trade in China is another crucial factor expected to drive market growth in the region.

Banking sector in East Asia would benefit from the flexible economic conditions, industrialization, the globalization-motivated policies of the government, and the expanding digitalization in the region. In addition, strong banking capabilities, including digital offerings, strong financial positions, and digital structures, are expected to drive the growth of the digital banking platforms market in the region.

Who are the Key Blockchain in Banking Platform Providers?

Some of the leading providers of Blockchain in Banking include

  • Microsoft Corporation
  • Infosys Limited
  • Hewlett Packard Enterprise
  • Amazon Web Services Inc.
  • IBM Corporation
  • SAP SE
  • Oracle Corporation
  • JPMorgan Chase & Co.

Blockchain in Banking Market 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 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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Key Segments

By Component:

  • Blockchain in Banking Platform
  • Services

By Type:

  • Public Blockchain
  • Private Blockchain
  • Hybrid Blockchain
  • Consortium Blockchain
  • Others

By Application:

  • Record Keeping
  • Real Time Asset Tracking
  • Digital Currency
  • Fund Transaction Management
  • KYC/Identity Management
  • Others

By Region:

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

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Virtual Prototype Is A Digital Simulation Of A Physical Product That Can Be Used To Visualize Its Behavior Under Real-World Operating Conditions-FMI

Today the product development environment often revolves around compressed schedules and budget cuts, but an engineer must skillfully weave between these obstacles to reach his ultimate goal – Product release. One revolutionary method aiding the process of product development is Virtual Prototyping.

A virtual prototype is a digital simulation of a physical product that can be used to visualize its behavior under real-world operating conditions. The designing and testing of a virtual prototype is called virtual prototyping.

A typical virtual prototyping solution involves, creation of a 3D solid model, a human-product interaction model and different test related models for structural analysis, motion analysis and manufacturing evaluations.

The process involves usage of variegated advance softwares such as computer-automated design (CAutoD), computer-aided design (CAD), computer-aided engineering (CAE) etc. to present, analyze and test the various aspects of product life cycle.

The prime advantage of virtual prototyping is a significant reduction in “time-to-market”. The process of creating a novel product involved numerous prototype builds, testing and the investment of months to years.

However with the current availability of multi-physics modeling softwares for virtual prototyping, the time and investment is considerably reduced. Secondly, building and testing on a physical prototype can miss some problems that may not materialize in test chambers, as manufactured.

Whereas, in virtual prototyping such corner errors can be pointed out and hence improving on design quality. Thirdly, as it creates prototypes pretty quickly, the method empowers the user to test with multiple complex designs and helps in developing a more competitive product within a limited time frame.

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Owing to these lucrative advantages the global virtual prototype market is anticipated to witness a healthy CAGR during the forecast period.

Global Virtual Prototype Market: Drivers and Restraints

Growing competitiveness among all players of manufacturing industry, urges the use of virtual prototyping in their product development, as it helps businesses minimize time and cost while maximizing on quality and efficiency.

Parallely the continuous growth in aerospace and automotive industry, is driving the need for new product development which in turn also fuels the market for virtual prototype.

On the other hand, small player might restrain from virtual prototype solutions at this point of time due to high initial investment and lack of skilled professionals.

Global Virtual PrototypeMarket: Regional Outlook

Geographically, the global virtual prototype marketcan be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). Currently, North America and Europe owns the majority share in the virtual prototype solutions market, owing to high technology adoption in their local manufacturing sector.

The APEJ nations particularly China and India, are anticipated to show a significant growth in their automobile and aerospace sectors in the forecast period, concurrently increasing their share in the global market for virtual prototypes.

Global Virtual PrototypeMarket: Key Players

AutoDesk, ARM, Imperas, Coverity, Carbon Design Systems, Synopsys, Qualcomm, Nvidia, Mentor Graphics, MediaTek, ASTC, Imagination Technologies, Cadence, ESI Group, Agilent Technologies etc.

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.

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It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and applications.

Global Virtual Prototype Market: Segmentation

On the basis of type of Virtual Prototyping tool:

  • Finite Element Analysis (FEA)
  • Computational Fluid Dynamic (CFD)
  • Computer Aided Machining (CAM)

On the basis of deployment type:

  • Cloud/Host
  • On-Premises

On the basis of end user industry:

  • Automotive
  • Aerospace
  • Petroleum
  • Chemical
  • Government or Military
  • Healthcare
  • Telecommunications
  • Electronics
  • Government or Military
  • Entertainment

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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.

Contact:

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Directional Luminaire Market Is Set to Witness A CAGR of 6.9% During 2021-2031

Film industries such as Bollywood and Hollywood is a major contributor for market growth. In addition, the film industry hosts a number of award shows and events that use directional luminaire, which further promotes growth. As a result, directional luminaire market is set to witness a CAGR of 6.9% during 2021-2031.

What is Driving Demand for Directional Luminaire Market?

Rising adoption of lighting solutions for special purposes and the need for enhanced luminaire across entertainment, medical, and other major industries are leading market growth. Moreover, UV lamps are estimated to be a major growth driver for surface, air and water.

In addition, global events such as music concerts and the emerging entertainment industry are increasing the demand for directional luminaire solutions. Further, technological advances in IoT and smart lighting solutions are also expected to contribute to market growth. For instance, the smart light connected via an app is widely used in clubs and at events.

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The COVID-19 pandemic has slowed down the market growth due to lockdowns and curfews worldwide. However, the demand for medical lighting was increasing due to the construction of temporary hospitals and the demand for surgical and diagnostic facilities.

Many countries around the world were surpassing the number of hospital beds that needed to be stopped with the construction of new isolation and treatment wards and the procurement of more medical equipment and lighting which increased the demand for directional luminaire.

The Introduction of LEDs Complementing the Directional Luminaire Market Sales

The introduction of LED bulbs over halogen and incandescent bulbs has boosted the market growth due to less heating, cost saving features and longer life of LED lights. Further, the LED lights capture every aspect of lighting including smart specialty, architectural lighting and decorative lighting. They are more versatile and convenient to have a variety of fixture designs that create colours and patterns.

The demand for LED in directional luminaire is increasing due to its advantage in creating lightweight fixtures. Long shelf life is another major factor in the adoption of LED directional luminaire. Halogen and incandescent lights are prone to breakage and combine with prolonged use, while LED lights do not break due to the small glass frame fitted inside the fixture. In addition, they consume less energy than conventional lights. These factors drive the market for LED directional luminaire.

US and Canada Directional Luminaire Market Outlook

Directional Luminaire market holds the largest share in North America and is expected to lead the market in the forecast period. The reason for this growth is the presence of major lighting companies providing services to various sectors such as gardening, recreation, water purification, medicine, port and aquarium.

In addition, the rapidly growing end-use industries in the region, such as entertainment, are also increasing demand for the product. Moreover, strong health care system in the US and Canada contributes to the growing demand for surgical and test lighting.

Further, North America is famous for hosting major music festivals such as the Bonnaroo, Lollapalooza, Bumbershoot and the Electric Zoo Festival. Participation in music festivals and the rise of urbanization have driven the use of directional luminaire in entertainment lighting.

Europe Demand Outlook for Directional Luminaire Market

The demand for toothbrush sanitizer in the European market is estimated to grow significantly in the upcoming years due to rising usage of directional luminaire across several industries. Also, rising demand from the televisions series production entities, operas sets, and the film industry is contributing to the market growth.

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Who are the Key Manufacturers of Directional Luminaire Market?

Some of the leading manufacturers of directional luminaire market include

  • Holm
  • ERCO
  • Liton Lighting
  • Lighting Technologies
  • Getron Lichttechnologie
  • LIGMAN Lighting
  • kreon
  • UCOME LIGHTING
  • Luminii
  • JESCO LIGHTING
  • Dextra Lighting
  • Emium Lighting
  • Focus Industries

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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Key Segments

By Product Type:

  • Recessed
  • Surface Mounted

 By Application Type:

  • Residential Lighting
  • Public Lighting
  • Industrial Lighting
  • Commercial Lighting

By Sales Channel:

  • Hypermarkets/Supermarkets
  • Independent Stores
  • Specialty Stores
  • Multi-brand Stores
  • Online Retailers
  • Direct Sales
  • Other Sales Channel

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other 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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ASEAN Automotive Bearings Market Global Industry Demand, Sales, Suppliers, Analysis, Size, Share, Strategies For Forecast 2032

Global sales of automotive bearings are set to be valued at over US$ 964.8 Mn in 2022, with a stable long-term projection, according to Future Market Insights (FMI). A new report estimates the market to expand at over 5.3% CAGR from 2022 to 2032.

According to Future Market Insights, the ongoing growth in the automotive sector in ASEAN region is expected to create opportunity for the automotive bearing manufacturers in the region. As per the Automotive federation of ASEAN overall sales of motor vehicle were 3.4 Mn in year 2019, The number will increase in the coming years due to population growth and economic development which has created huge opportunity for automotive bearings demand.

The demand for automotive bearings in the ASEAN market was negatively impacted in FY 2020 due to global COVID -19 outbreak, which also led to shut down of production industries. Distribution of various products and industrial goods were hampered, including production and sales of automotive bearings.

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This highly impacted the automotive industry and the production of motor vehicle was down by 20% in FY 2020. However, in last quarter of 2020 effect of COVID faded and industries started to get back on track. The demand for automotive bearings in ASEAN region is therefore expected to pick up at a steady pace in the coming years.

Prominent players operating in the market are involved in technological innovations. The market has seen various innovative products in recent past which has fueled the demand of the bearings. Also Introduction of Electro mobility has boosted the demand. Rising vehicle sales in the region has created huge opportunity for aftermarket sales. Thus the automotive bearings market is expected to grow at an impressive rate in upcoming period.

Key Takeaways from Automotive Bearings Market Study

  • By application, automotive bearings for transmission system are projected to hold more than 1/4thvalue share of the ASEAN market in 2022.
  • By product type, the roller bearings segment is set to hold more than half of the market share on value basis by the end of forecast period.
  • Thailand will remain the primary market, backed by rising demand from automotive industry in the country. It is expected to account for over 30.2% of the demand registered in ASEAN in 2022.
  • By vehicle type, passenger car segment is expected to hold significant market share & grow at high growth rate of 5.0% CAGR in forecasted period.
  • Sales of automotive bearings in ASEAN is expected to reach 1.6 Bn in 2032.

“Expansion of automotive production will encourage automotive bearing manufacturers in ASEAN to focus on product launches. Besides this, they are expected to strengthen their aftersales services to gain competitive edge,”  says a Future Market Insights analyst.

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Who is winning?

The Automotive Bearings market is highly consolidated with having key players accounting for around more than 75% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to Schaeffler AG, JTEKT Corporation, AB SKF, Minebea Mitsumi Inc., NSK Ltd, NTN Bearing Corporation, The Timken Company, Saint-Gobain, Nachi-Fujikoshi Corp., Fersa Group, C&U Group Ltd, and Metro Bearing and Automotive Limited.

Find More Valuable Insights

The research report analyzes demand for Automotive Bearings. The global Automotive Bearings market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of product type, Vehicle type, Application, Sales channel, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.

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About Future Market Insights – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

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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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PropTech Market is Expected to Grow from US$ 18.2 Bn in 2022 to US$ 86.5 Bn in 2032 – Report by FMI

The PropTech market is predicted to account for US$ 86.5 billion in 2032, up from US$ 18.2 billion in 2022, advancing at a CAGR of 16.8% during the forecast period (2022-2032).

Demand for PropTech is high, as PropTech lowers operating costs and helps agencies save money. Customers are provided with digital/virtual services, and agents are able to work on the go. As a result, profits and productivity rise.

The number of PropTech start-ups has increased as a result of the work-from-home legislation. Furthermore, as real estate companies struggle to remain relevant in the new climate, it has driven significant expansion of the PropTech market.

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Artificial Intelligence and Virtual Reality are simply the tip of the iceberg when it comes to expressing how far PropTech has come in terms of technical progress. The real estate industry is not immune to technological upheaval. While the global real estate sector has gone through a significant paradigm shift, it revealed higher opportunities in the PropTech market.

During the projected period, factors such as the growing acceptance of several innovative technology-based solutions and services in the real estate industry are projected to drive the PropTech market.

Airbnb is a great example of PropTech being used in this way. PropTech market analysis states that it aids in the accurate collection and interpretation of data. Adoption of PropTech is encouraging, as it makes keeping track of investors much easier.

Key Takeaways: 

  • The PropTech market is predicted to develop at a CAGR of 16.8%, with a market share of US$ 86.5 billion through 2032.
  • In the United States, the PropTech market is estimated to have a CAGR of 16% through 2032.
  • The PropTech market in China is expected to have a prodigious CAGR of 23.7% through 2032.
  • The PropTech market in Japan is expected to have a CAGR of 26.5% through 2032.
  • The PropTech market in the UK is expected to have a CAGR of 17.1% through 2032.
  • The retail segment of the PropTech market, by industry, is expected to grow at a CAGR of 19.4% through 2032.
  • The PropTech services segment of the PropTech market, based on solutions, is expected to grow at an annual rate of 18.5% through 2032.

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Competitive Landscape:

Locale, Airbnb, OYO, Lianjia, WeCompany, Compass, Houzz, Fangdd, Ucommune, Ziroom are some major PropTech market players in the PropTech market.

The leading companies in the growth of the PropTech market are likely to focus on production and generate revenue to increase the PropTech market share.

Key segments

By Solution:

  • PropTech Solutions
  • PropTech Services

By Property Type:

  • Residential Property
  • Commercial Property

By Industries:

  • Hospitality
  • Retail
  • Manufacturing
  • Construction
  • Other

By Region:

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

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Computer Aided Facility Management (CAFM) Market 2022 | Present Scenario and Growth Prospects 2032

According to the computer aided facility management (CAFM) market analysis by Future Market Insights (FMI), the demand registered in the market will grow at a CAGR of 7.1% from 2022-2032.

The report also forecasts that the market will surpass a valuation of ~US$ 1,047.5 Mn by 2022 and US$ 2,081.4 Mn by 2032. Technologies such as Internet of Things (IoT), cloud-computing, automation and others are responsible for the growth of CAFM software as these technologies are deployed by facilities management vendors to help enterprises work in the data-driven environment.

Big data is transforming maintenance and operation regimes across the facilities management industry. The technology allows facilities management to gain meaningful insights from a vast amount of heterogeneous data gathered from a variety of sources. Integration of sensors with IoT provides insights for reduction of real estate cost and enhancing the overall employee experience.

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Further, IoT sensors play a key role in identifying spaces used on regular bases for adjusting cleaning schedule while saving time and cost. This enables cleaner, safer workplaces with smarter, more responsive maintenance. Thus, adoption of technologies such as big data and IoT is fueling the growth.

Key Takeaways: Computer Aided Facility Management (CAFM) Market 

  • By solution, computer aided facility management software segment is anticipated to account for the leading share 71.2% in the global demand for computer aided facility management during 2032.
  • By enterprise size, the adoption of computer aided facility managements in small & medium enterprises is anticipated to increase at a CAGR of 8.6% between 2022 & 2032.
  • By industry, the adoption of computer aided facility management in IT & Telecom is anticipated to grow at a CAGR of 9.9% between 2022 & 2032, while manufacturing segment is dominating the market share during the current year 2022.
  • North America is expected to lead the market followed by East Asia in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
  • Japan computer aided facility management (CAFM) market is expected to progress at a CAGR of 6.0% through 2032.
  • In GCC Countries, sales of computer aided facility management (CAFM) solutions are expected to increase at a CAGR of 9.0% over the forecast period.

Increasing Demand for Integrated Facilities Management to Drive CAFM Market

Integrated facilities management is the consolidation of entire facility-related solutions and processes under single unified management group with a single point of contact. It is a proven method for streamlining of operations and task management in large enterprises. It is easy to observe why the facilities management market has been on the rise in terms of technology owing to rising surge for space management, smart infrastructure and cloud based solutions.

With growing importance for enhanced collaboration, improved human resource engagement, accurate reporting and disaster planning the insistence for computer aided facilities management software which serves the consolidated benefits of integrated facilities is predicted to rise, creating an attractive environment for CAFM software market players.

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Growing Demand for Smart Facilities Propelling CAFM Market Growth

The CAFM market has seen considerable growth in the recent years owing to the insistence for smart facilities for enhanced employee experience at the workplace. Controlling work environment variables is simply one aspect of facilities management which further includes optimization of workplace and anticipating complications for creating a rational positive experience for employees.

Emergence of smart buildings in large scale enterprises equipped with sensors and technology, has resulted in a higher demand for facilities management services that goes beyond the typical scope of employment with purposeful use of the available space being crucial and essential part in cost and efficiency of the enterprise.

Smart software leverages technologies such AI, machine learning for energy predictions, predictive maintenance and security providing high level of assistance for facility managers while facilitating workforce with the finest experience in workplace management.

Computer Aided Facility Management (CAFM) Outlook By Category

By Solution:

  • Computer Aided Facility Management (CAFM) Software
  • Services

By Enterprise Size:

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

By Industry:

  • IT & Telecom
  • BFSI
  • Manufacturing
  • Energy & Utilities
  • Government & Defense
  • Healthcare & Life Sciences
  • Retail & CPG
  • Transportation & Logistics
  • Others

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By Region:

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

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Non-Destructive Testing Equipment Offers Good ROI In The Long Run, High Initial Investment Is A Deterrent For Many Organisations-FMI

Non-destructive testing equipment is used for evaluation and inspection of various properties of materials, components, and assemblies. As the name suggests, these equipment do not alter, or cause any damage to the materials that are subjected to evaluation.

Non-destructive testing equipment are deployed to determine the properties of materials and constructions in terms of ductility, ultimate tensile strength, impact resistance, fracture toughness and fatigue strength. Non-destructive testing equipment sustains a uniform quality level and lowers the cost of production.

Since Non-destructive testing equipment does not permanently alter the article being inspected, it is a highly valuable technique that can save both money and time in product evaluation, research, and troubleshooting.

The various Non-destructive testing equipment methods include ultrasonic, magnetic particle, radiographic, liquid penetrant, eddy current testing, remote visual inspection, low coherence interferometry, etc.

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Global Non-destructive Testing Equipment Market: Drivers

Increasing safety regulations for quality control, safety and reliable performance of machines are driving the adoption of Non-destructive testing equipment in end-use industries. Focus on improving the quality and longevity of the materials is also driving the growth of the market.

Focus on maintaining quality and preventing breakdowns have also led to increased adoption of Non-destructive testing equipment in end-use industries.

Advancement in electronics, robotics, and automation and development of user-friendly software have made these equipment more appealing to end-users. Incorporation of Non-destructive testing equipment has shown to reduce maintenance and repair costs in the long run, fuelling their demand from end-use industries.

Global Non-destructive Testing Equipment Market: Restraints

Although Non-destructive testing equipment offers good ROI in the long run, high initial investment is a deterrent for many organisations. Lack of product knowledge and skilled manpower continue to be a challenge for the adoption of these machines.

Global Non-destructive Testing Equipment Market: Trends and Opportunities

There are significant opportunities for existing- and new- players to differentiate their offerings through product innovation and competitive price offerings. Resurgence in development of infrastructure after the recession of 2007-08 is expected to provide ample growth opportunities to manufacturers.

For many construction projects, carrying out Non-destructive testing has become an integral part of the overall process, and this trend is only going to be stronger over the forecast period. Development of automatic and laser based testing equipment are also expected to create new avenues of growth for this market.

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Global Non-destructive Testing Equipment Market: Key Players

The major companies involved in the production and manufacturing of Non-destructive testing equipment are GE Inspection Technologies, YXLON International, Mistras, Nikon Metrology, Olympus Corporation, Eddyfi, Sonatest Ltd., Magnaflux Corporation, Zetec Inc. etc.

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.

Global Non-destructive Testing Equipment Market Segmentation

The global Non-destructive testing equipment market is segmented on the basis of end-use verticals, services, technology, and geography.

On the basis of end use verticals, the global non-destructive testing equipment market is segmented into

  • petrochemical and pipe
  • manufacturing applications
  • government infrastructure
  • aerospace
  • manufacturing applications
  • automotive
  • public safety
  • power generation
  • others

On account of services, the global non-destructive testing equipment market is segmented into

  • training
  •  inspection
  • consultation
  • others.

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On the basis of technology, the global non-destructive testing equipment market can be segmented into 

  • radiography testing
  • ultrasonic testing
  • visual testing
  • magnetic particle testing
  • liquid penetrant testing
  • others

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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.

Contact:

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Fraud Detection and Prevention Market is Predicted to Grow with an Estimated CAGR of 17.3% from 2022 to 2032

The fraud detection and prevention market is predicted to account for US$ 133.5 Billion in 2032, up from US$ 27.1 Billion in 2022, advancing at a CAGR of 17.3% during the forecast period (2022-2032).

Demand for fraud detection and prevention are likely to increase in the forecast period from 2022 to 2032 due to the increase in cyberattack all around the globe. The adoption of fraud detection and prevention is likely to grow in the fraud detection and prevention market to reduce such incidents.

The hackers are boosting the market while hacking several e-commerce and online shopping sites due to the high number of users spending time on the online sites or e-commerce sites for purchasing grocery and other personal use products, which increases the sales of fraud detection and prevention.

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They make the payment through the online payment mode on which they are likely to fraud with the real-time consumers with their online transaction, which leads to rapid growth in the adoption of fraud detection and prevention in the companies.

Increasing the cashless transaction and paying through various online transfer money applications generated the fraud through the hackers, which increased the sales of fraud detection and prevention.

The North American region is supposed to dominate in the fraud detection and prevention market size during the forecast period from 2022 to 2032. Due to huge corporate and multinational companies in the region, the hackers grab the opportunities to overtake the online money transactions along with their data which generates huge demand for fraud detection and prevention all around the globe.

All these factors are estimated to boost the fraud detection and prevention market share as per the report of the FMI market during the forecast period from 2022 to 2032.

Key Takeaways:

  • Based on the fraud type segment, payment fraud is estimated to dominate the fraud detection and prevention market share during the forecast period 2022 to 2032.
  • By the Vertical segment, retail & commerce is anticipated to lead the fraud detection and prevention market size in the forecast period 2022 to 2032.
  • The U.S. holds a prominent role in the fraud detection and prevention market trends due to the number of corporate sectors and multi-national companies in the country.
  • By 2032, the fraud detection and prevention market share is anticipated to rise to the valuation of US$ 133.5 Billion with a CAGR of 17.3%.

Competitive Landscape:

The key competitive companies are focused on the growth of fraud detection and prevention market share in the coming forecast period from 2022 to 2032. The companies are leading with their innovative skills and tactics to rise in the growth of fraud detective and prevention market analysis.

They use methods such as partnerships, mergers, collaboration etc to boost the economy in the forthcoming year. Some of the prominent key players are as follows. They are BAE System plc, Nice Actimize, ACI Worldwide Inc, FICO, LexisNexis, TransUnion, Kount, Inc., and others.

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Key Segments

By Components:

  • Solutions Fraud Analytics, Authentication, Government, Risk and Compliance
  • Services {Professional Services, Managed Services}

By Fraud Type:

  • Check Fraud
  • Identity Fraud
  • Internet/Online Fraud
  • Investment Fraud
  • Payment Frauds
  • Insurance Fraud
  • Others

By Deployment Mode:

  • Cloud
  • On-premises

By Organization Size:

  • SMEs
  • Large Enterprises

By Vertical:

  • BFSI {Banking and Financial, Insurance}
  • Retail and Commerce
  • Government
  • Healthcare
  • Manufacturing
  • Ravel
  • Transportation
  • Others

By Region:

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

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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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Bathroom Worktops Market is Set to Witness Steady Growth with A CAGR of 5% During The Forecast Period

According to the latest research by Future Market Insights, the bathroom worktops market is set to witness steady growth with a CAGR of ~5% during the forecast period. The appeal of the home and bathroom décor among the general public is driving up the market for bathroom vanities.

Also, the usage of worktops in bathrooms is on the rise since they add beauty to space and the materials used in these worktops are water-resistant, preventing the spread of fungus and bacteria near the bathroom vanity and ensuring good hygiene.

What is Driving Demand for Bathroom Worktops?

Evolving end-user inclination towards eco-friendly products has raised the demand for creative decoration products made with various sustainable raw materials which do not contribute towards the epidemic such as deforestation. And that is why the rubberwood bathroom worktops are in trend. Rubberwood worktops are made from the waste part of the Hevea Brasilienesis rubber tree.

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This rubberwood is an ideal material for worktops in the bathroom as it is resistant to mold, fungi and moisture.

The surface of the rubberwood worktop is smooth which gives classic look to the bathroom. This material gives a natural appearance to a worktop in a yellowish-brown or pale cream colour. Also, this is economical in terms of price. Therefore, this raises the demand for natural bathroom vanity.

Furthermore, many conservationists use bathroom worktops made with recycled materials to decorate the bathroom without affecting the environment. For instance, many pro players like IceStone and Vetrazzo. Made worktops with recycled glass, bright chunks of glass, cement and other eco-friendly materials.  This encourages other players to make bathroom vanity with natural and eco-friendly materials and generate more revenue.

Factors that Likely to Augment Bathroom Worktops Sales

The increasing demand for multifunctional bathrooms is expected to promote the increase in the sales of bathroom worktops made up of plywood, quartz, marble and granite. The worktop made up of marble is an evergreen material used in the bathroom which gives elegant look to the bathroom.

Majority of the people all around the globe prefer this marble material for a worktop in the bathroom.

Since quartz and graphite are durable and have good tensile strength, therefore, the demand for worktops made with quartz and graphite is also more in the market. Bathroom worktops made with these materials is available in different color shades which gives options to the customers to choose worktops according to their needs. Also, it is easy to install worktops made up of quartz in tight spaces like the bathroom as compared to others.

Furthermore, many people prefer plywood for a worktop in the bathroom because this plywood does not move with the moisture, temperature change and humidity as solid wood moves. Also, this plywood is more stable in the long run. These are some factors that fuel the sale of bathroom vanity on a material basis.

Impact of COVID – 19 on Bathroom Worktops Market

The pandemic had a significant impact on the construction and renovation sector, which is sensitive to the economic cycle. During the first wave of COVID-19, the government of many countries announced the complete lockdown that paused the construction work that affects the market of the bathroom countertop.

Furthermore, during the second wave, people were allowed to do construction but with a limited workforce.

This factor slowly brings the market on track.  Also, the restriction of import and export activates with other countries affects the supply of the worktop.

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The US and Canada Bathroom Worktops Market Outlook

The growing rate of house completion in the United States and Canada are expected to drive the market during the forecast period. Because in the new houses people prefer the best type of worktop in their bathroom, which open up an opportunity in front of players to expand their penetration in the US and Canada.

Furthermore, the raised in the expenditure on the retrofitting and remodelling of the existing washroom in the developed economy fuels the demand for bathroom worktops in the US and Canada. People who just want to renovate their house prefer a bathroom countertop, which gives beautiful look to their old bathroom at minimum cost.

Moreover, the growing purchasing power of the customers and the promotional strategies adopted by the players encourage customers to buy worktops from their brand. This bolsters the market growth of the bathroom countertop in the US and Canada.

Europe Demand Outlook for Bathroom Worktops

The demand for the washroom worktop is continuously growing in the European countries as the possessions of the houses is increasing in the region because of the high urbanization rate and growing population.

Furthermore, the availability of durable, aesthetic and advanced worktops has triggered the market of bathroom worktops in Europe. Also, the growing interest of the people towards the laminate countertops, ceramic, porcelain, or glass tiles for the worktop in the bathroom provide a good opportunity to the players to invest in the regional market.

Who are the Key Manufacturers and Suppliers of Bathroom Worktops?

Some of the leading manufacturers and suppliers of bathroom vanity tops include

  • Howden Joinery Ltd
  • Tom Howley
  • Wren Kitchens Limited
  • HARVEY JONES
  • IKEA Systems, Sheridan Ltd.
  • B.V. Smallbone
  • Symphony Group
  • Mark Wilkinson
  • Lunastone
  • Ashley Ann Ltd.
  • The Diller Corporation
  • Stone of London Ltd
  • INFINITE Solid Surfaces
  • Houzz Inc.
  • Whitehall fabrication Ltd., and many others.

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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Key Segments

By Material Type:

  • Granite
  • Quartz
  • Marble
  • Solid Wood
  • Laminates
  • Others

By Application:

  • Commercial
  • Residential

By Region:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other 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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