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This growing consumption of milk and milk products is creating significant growth opportunities for dairy product manufacturers who are now incorporating additional value to their products using fermented diary ingredients. Future Market Insights’ latest report projects that global fermented dairy ingredients market revenue will increase at a CAGR of 8.7% during the forecast period (2017–2027).

Demand for nutritional products has soared in recent years, especially in developing countries where malnourishment remains a major concern. Fermented dairy products being a major source of nutrition are gaining traction in both developed and emerging countries. Food and Agriculture Organization (FAO), revealed that approximately 150 million households are currently engaged in milk production across the globe. Over the last three decades, the global milk production has increased by over 50%, from 500 million tonnes in 1983 to 769 million tonnes in 2013.

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As per the report, the global fermented dairy market is slated to reach a valuation of US$ 4,856.5 Mn by the end of 2017. Increasing per capita expenditure on dairy products is expected to favour the future prospects of the global fermented dairy ingredients market. The report also assesses that fermented dairy ingredients are likely to face stern competition from cheaper alternatives available in the market.

In addition, growing consumer preference for alternative products such as probiotics and other supplements is expected to dampen the surging spirit of the global fermented dairy ingredients market to a certain extent. Fluctuating prices of fermented dairy products and unsafe handling process that compromises product safety and quality is also subduing the growth of the market in regions such Europe and Asia Pacific.

By product type, cheese currently accounts for the largest value share of the market followed by flavoured milk. This is primarily owing to the growing interest of dairy ingredient manufacturers to bring new innovative cheese products with unique flavours and improved textures in order to increase the product value. Meanwhile, the yoghurt segment is projected to witness the fastest CAGR, as the global consumption of yoghurt is on the rise.

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Among regions, the market in Western Europe accounted for the largest revenue share in 2016, reaching a valuation of US$ 1,366 Mn. Towards the end of forecast period, the region’s market is expected to stand at US$ 3,575.7 Mn, expanding at a CAGR of 9.2%. The abolition of milk quota system and increasing demand for frozen and freeze-dried starter dairy cultures is driving the market for fermented dairy ingredients in Western Europe.  Asia Pacific (APEC) and North America are the two other lucrative markets for fermented dairy ingredients. Between 2017 and 2027, the market in APEJ is set to witness a robust CAGR of 10.5%, which is credited to the rising popularity of flavoured milk among consumers across China and Australia.

Some of the leading companies profiled in the report include Koninklijke DSM N.V., E. I. du Pont de Nemours and Company, Chr. Hansen Holding A/S, Cargill Incorporated, Bioprox (A subsidiary of Proxis Développement), Novozymes, Kerry Inc, Archer Daniels Midland Company, Ingredion Incorporated, Arla Foods Ingredients Group P/S, Lake International Technologies, DairyChem Inc., CSK Food Enrichment, CP Ingredients Limited, Epi Ingredeints, Dairy Connection Inc., Socius Ingredients LLC, The Tatua Cooperative Dairy Company Ltd, Koninklijke DSM NV, Corbion. Manufacturers are providing ingredients according to specific requirements of the client. Also, many of the players are actively focusing on launching variety of ingredients in the market to increase their consumer base.

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The Demineralized Whey Powder Ingredient Market is valued at nearly US$ 600 Mn in 2021, and is set to grow at 5.1% CAGR through 2027.

Irrespective of its use or application, milk remains to be the most essential source of adequate nutrition, enriching consumers’ lives with fats, protein, calcium and minerals. Contrary to its ever-growing demand, milk is not uniformly available in all parts of the world. The “dairy-deficit” parts of the world are compensating to this shortfall by shifting towards alternatives, wherein demineralized whey powder among the top non-dairy products imported in such regions. According to Future Market Insights’ recent report, the global market for demineralized whey powder ingredients is growing steadily, owing to high imports of demineralized whey powder ingredients in regions with short supply of milk & dairy products.

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The report projects that the global market for demineralized whey powder ingredients, which is pegged to reach US$ 491.1 Mn value by 2017-end, will soar at a steady CAGR of 5.1% and bring in more than US$ 800 Mn in revenues towards the end of 2027. During this decadal forecast period, the global demand for demineralized whey powder ingredients will grow on the account of

• increasing demand for healthy alternatives for infant foods with synthetic ingredients
• rising adoption of additives in food industry
• prevalence of complications related to lactation, and
• growing need for specialty ingredients in high-performance sports drinks

Rising use of high-added value dairy products in food & beverage end-users has also propelled the consumption of demineralized whey powder ingredients. Surging demand of high-protein bakery products is also instrumenting the market’s growth, while recent developments are anticipating a promising application of demineralized whey powder ingredients as drug carriers in production of pharmaceuticals. The report also anticipates that growth of global demineralized whey powder ingredient market will be restrained due to sheer lack of awareness. Dairy product manufacturers aren’t aware about reusability of by-products in cheese production. These products can be used in production of demineralized whey powder ingredients, which can extend the manufacturing purview of dairy companies.

The global demineralized whey powder ingredient market is also expected to witness hindrances in its growth due to a weak distribution network. Leading as well as emerging players in the global market are facing loses due to poor abilities of distributors. A comprehensive profiling of competitive landscape in the global demineralized whey powder ingredients market is included in this report, which includes companies namely Valio Oy, Eurosérum, Lactalis Ingredients, Dairy Crest Group Plc., Milkfood Limited, Ornua Co-op Limited, Prolactal GmBh, Kaskat Sp Z.o.o., Alimenta Srl, FrieslandCampina International B.v, Hoogwegt, Charotar Casein Company, Dairygold Co-Operative Society Limited, Senel & Co B.V., Kerry Inc, Roosevelt Dairy Trade, Inc., Mahaan Proteins Limited, Almira, Melkweg Holland B.V., Naarden Polska Sp. z o.o.

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Key findings in the report project that demand for demineralized whey powder products with 40% demineralized whey will gain traction towards the end of 2027. In terms of revenue, products with 90% demineralized whey will record fastest growth at 5.6% CAGR. Infant food will be largest application of demineralized whey powder ingredients, accounting for nearly 40% of market revenues in 2017. With close to one-third share, North America will dominate global demineralized whey powder ingredient market in terms of value throughout the forecast period. Demand for demineralized whey powder ingredients is expected to witness considerable surge in Middle East & Africa and the Asia-Pacific excluding Japan (APEJ) region.

Market Taxonomy

Product Type

• 40% Demineralised  Whey
• 50% Demineralised  Whey
• 70% Demineralised  Whey
• 90% Demineralised  Whey

Application

• Dietary Supplements
• Bakery & Confectionary
• Infant Food
• Pharmaceutical
• Others

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Middle East & Africa
• Japan

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Future Market Insights has as of late distributed a statistical surveying report on Microgrid market. The review presents an itemized investigation on the verifiable information, current and future market situation for the Microgrid market. The anticipated CAGR for the overall microgrid market from 2022 to 2032 is 11.4 percent, which demonstrates that it is developing well.

The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness a healthy growth over the forecast period. Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the Microgrid market in the upcoming decade.

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

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Impact of COVID-19 on Microgrid Market

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

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

Key Questions Addressed in the Microgrid Market Report

1. How will the Microgrid market expand through 2020?
2. Which are the major key growth drivers and opportunities driving the market growth?
3. What are the recent technological developments in the Microgrid market?
4. What are key challenges and competition threats faced by Microgrid market players?
5. Which region is the most lucrative in the Microgrid market?

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Microgrid Market: Competitive Analysis

Some of the key players in this market include Lockheed Martin Corporation, ZBB Energy Corporation, ABB Ltd., GE Digital Energy, Power Analytics Corporation, Consert Inc., Viridity Energy, Inc., S&C Electric Company, Chevron Energy, Toshiba Corporation,HOMER Energy LLC, Honeywell International Inc.,Microgrid Energy LLC and Siemens among others.

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

Microgrid Market: Key Segmentation

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Japan
• Middle East & 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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Technological advancements in the field of molecular biology and gene sequencing are allowing researchers and scientists to develop new probiotic formulas that are tailored to consumer requirements. The global probiotic supplements market is projected to register a CAGR of 15% during the forecast period (2019-2027).

Manufacturers are focusing on product differentiation on the basis of functional properties, multi-strain supplements, unique flavors, new product formats (gummies), and novel packaging formats to target specific consumer groups.

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Though probiotic supplements have been largely considered to be beneficial for gut health, their potential side-effects such as nausea and headache still continue to limit sales to a certain extent. However, continued efforts in development of specific probiotic strains with significantly less or no side effects will be an important factor shaping sales of probiotic supplements in the near future.
Key Takeaways – Probiotic Supplements Market Study
North America is projected to be a key market, as dietary supplements industry remains concentrated in the region. Demand for probiotic supplements is gaining a boost from consumer inclination towards alternative health practices and preventive healthcare.
Several manufacturers are offering probiotic supplements consisting of bacterial strains beneficial for children as well as adults, in order to target diverse demographic groups.
Lactobacillus-based probiotics are widely used to maintain female intimate health, making it one of the most preferred products as compared to Bifidobacterium- and streptococcus-based probiotic supplements.
Zero-calorie and sweetener-free tags attached to probiotic supplements continue to play a key role in boosting their demand.

In recent years, the probiotic supplements market has experienced a lot of regulatory backlash. However, rapidly developing preventive healthcare approach and longstanding acceptance of probiotic supplements among consumers, and resurgence of recommendations by health care practitioners for use of these supplements are offering tailwinds to the market growth.

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Sales of Probiotic Supplements for Kids to Witness Rampant Growth
In recent past, there has been an increase in number of cases of gastrointestinal-related diseases in children. Such cases were usually addressed with over-the-counter medication, which often caused a few side effects. This has created a highly conducive environment for development of relatively-safe probiotic supplements with certain strains of bacteria that are perceived to be good for children’s gut health. Manufacturers are targeting the highly lucrative kids segment by launching products with unique flavours, colors, and shapes that have more consumer appeal.

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Future Market Insights, in its new offering, offers an unbiased analysis of the global probiotic supplements market, presenting historical demand data (2015-2018), and forecast statistics for the period, 2019-2027. The study divulges compelling insights on the probiotic supplements market on the basis of end use, bacteria, distribution channel, and region. Based on end use, the segmentation includes women, seniors, and kids. Probiotic supplements for women are expected to account for the highest market share, followed by seniors, over the forecast period.

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Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

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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Streaming Analytics Market is assessed at US$ 86.5 Billion of every 2032, flood at an overwhelming 20.8% CAGR during the conjecture time frame 2022-2032. Associations are delivering huge volume of information in a horde of configuration. Previously, associations were participated in catching and putting away information, then, at that point, used to remove experiences from the information stockroom later.

Now a days, organizations have been realizing the benefits of real-time data analytics and started adopting streaming analytics increasingly in their operations. Streaming analytics help organization in generating more revenue by increasing operational efficiency and cutting preventable losses.

Streaming Analytics find their applications in real-time marketing and customer engagement, algorithmic trading, real-time patient monitoring system, intelligence and surveillance, supply chain optimization and procurement, oil & gas operations management, IT and network monitoring, real-time call center analysis, vehicle tracking and route monitoring, and other applications.

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Global Streaming Analytics Market: Drivers

Increasing need for advanced solutions to take real time decisions on dynamic business events is accelerating the deployment of streaming analytics in SMEs and large enterprises. In addition, growing adoption of internet of thing (IoT) across vertical is likely to expand demand for data streaming solutions which in turn is expected to fuel the growth of streaming analytics market across globe, during the forecast period.

Global Streaming Analytics Market: Restraints

Data security and privacy concerns, and low return on investment are some of the factors that are expected to hinder the growth of streaming analytics market to some extent.

Global Streaming Analytics Market: Competitive Landscape

The global streaming analytics market is expected to witness a considerable growth in CAGR during the forecast period from 2015 to 2025.Key players in the global streaming analytics market focus on introducing new products and services, collaborations and acquisition & mergers in order to enhance customer base and outperform competitors.

Global Streaming Analytics Market: Key Players

Some of the major players identified in the global streaming analytics market are IBM Corporation, Tibco Software Inc., Oracle Corporation, Microsoft Corporation, Vitria Technology Inc., Software AG, Informatica Corporation, SAP SE, SAS Institute Inc. and Sqlstream Incorporated etc.

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Regional analysis for Streaming Analytics Market includes

• 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

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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Streaming Analytics Market

Global streaming analytics market is classified into vertical, service, enterprise and region.

Vertical wise, the global streaming analytics market is segmented into

• telecom sector
• media & entertainment sector
• healthcare sector
• public sector
• financial services
• insurance (BSFI)
• other sector

On the basis of service the global streaming market can be segmented into

• maintenance service
• consulting
• integration service
• small-medium enterprises (SMEs)
• large enterprise

Region  wise, the global streaming analytics market is segmented into

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

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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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Surpassing global market revenues of US$ 850 Mn in 2019, sales of floral flavours will see momentous growth over the course of following years. During 2019 – 2027, global floral flavour market is poised for a CAGR of over 7%, as projected by a new Future Market Insights (FMI) study.

The floral flavour market is anticipated to grow at a moderate pace during the forecast period. As per the data found by our analysts, the increasing proclivity of consumers towards purchasing clean-label goods is likely to lead to an uptick in the demand for the naturally-sourced ingredients that floral flavours are.

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Consumers are showing an aversion towards artificial flavourings while resonating with colour-enhancing and flavour-inducing natural and organic floral flavour. As a result, the demand for these flavours is likely to grow during the forecast period. Owing to this demand, the focus of manufacturers is on the development of floral products that are free from chemicals as well as artificial flavourings.

Consumers are showing interest in unconventional and authentic flavours in their food and beverage products offering unique mouthfeel. The number of products containing floral flavours has increased multifold from 2015-2018, as they account for a sensorial effect and deliver novel and interesting taste experiences to consumers.

Key Takeaways – Floral Flavour Market Study

• Consumers seek products that have their roots in a pre-industrialized food system that is centered around whole, natural, and unrefined ingredients. Floral flavours match the growing consumer’s interests in authenticity of their products. Thus, floral flavours are witnessing a surge in demand.
• In 2019, Firmenich SA, a privately-owned flavour and fragrance company, declared hibiscus as the Flavour of the Year, based on the increasing appeal of usage of hibiscus in food and drinks. Hibiscus is gaining traction in the flora flavour industry due to its appealing attributes, like the pleasant aroma coupled with a touch of tangy profile.
• Besides, the hibiscus-based floral flavour is gaining popularity in applications such as beer, yogurt, chocolates, and tea, especially in the United States, Mexico, Brazil, and Denmark, with growth also taking place in Italy and Spain.
• Beverages sector contributes more than half of the total floral flavour market share. Floral flavours are appearing in revitalizing, healthy product launches. Lavender, rose, jasmine, elderflower, and hibiscus flavours are witnessing significant demand, predominantly for use in soft drinks.
• Frequent new launches in the alcoholic beverages category are progressively featuring floral flavours to gain greater consumer traction and achieve marketing differentiation.
• Europe and North America will be significant in the global floral flavours market over the forecast period. The demand for floral flavours has especially impacted the European flavour industry.

Consumers are increasingly looking for healthier, authentic, and natural-tasting infused beverages, fusion drinks, and floral-infused RTD coffee. Thus, new entrants seeking to establish their position in the floral flavours market must focus their efforts on the beverage industry.

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Botanicals Trending Floral Flavour Space

New floral flavours are emerging to witness increasing demand from the food and beverage industry. With an increasing assortment of floral flavoured mixers and edible flowers, food and beverage manufacturers are experimenting with amalgamation of floral flavours to eventually create unique recipes. The increase witnessed in manufacturers’ investments into floral flavours is indicative of the fact that the botanical flavour trend is here to stay in the long run.

Europe Remains Important Market for Investors

European markets are rapidly witnessing new product launches featuring infused floral flavours in vast products ranging from chocolates, snacks, yogurts, beverages, and many more. In the United Kingdom, Rowntree released fruit and flower-infused pastilles, whereas, in Germany, Alpro launched orange blossom-flavoured apricot soy yogurt. Fermè, an Italian fruit supplier company, launched vegan cheese with fermented cashews preparation, infused with flowers and herbs in the U.K.

Manufacturers Augmenting R&D Investments to Develop Application-specific Flavours

Key players operating in the flavour industry are investing more in research and development activities to upscale their floral flavour production capacity and to provide consumers with unique blends of floral flavours. Flavour manufacturers are strengthening their partnership with end-user industries to meet the growing demand for innovation in food and drink offerings.

• In April 2016, Givaudan S.A., a leading flavour manufacturing company in Switzerland invested US$ 126Mn to open an innovation center in Switzerland.
• In July 2016, Takasago International Corporation invested towards a new development center for flavours and fragrances in Mexico, to enhance its product portfolio and presence in Latin America.

Know More About What the Report Covers

Future Market Insights, in its new offering, provides an unbiased analysis of the global floral flavours market, presenting historical demand data (2016-2018) and forecast statistics for the period from 2019-2027. The study divulges compelling insights on the floral flavours market based on the raw material (hibiscus, lavender, neroli/orange flower, rose, elderflower, jasmine, cherry blossom, chamomile, and violette), end-use (food- dairy, bakery, confectionaries, snacks, fats and oils, and beverages- alcoholic beverages and non-alcoholic beverages), and product type (natural, organic, and artificial) across seven major regions.

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In order to focus on the growth and development of the AI Platform Cloud Service Market during the pandemic, the experts at Future Market Insights (FMI) used a multidisciplinary methodology. According to projections, demand for global AI stage cloud administrations would start out at US$ 8.3 billion in 2022 and increase at a CAGR of 20.3% to US$ 30.5 billion between 2022 and 2032. Development is attributed to an increased requirement for more creative corporate responsibilities.

The leading cloud services providers such as Oracle Corporation, Microsoft, IBM, and others are creating a new technological advancement in cloud services they are offering such as AI platform cloud service. The AI platform cloud service vendors are integrating cloud platform and AI as well as machine learning in the cloud services for delivering a today’s modern cloud-based applications to the customers.

The vendors of AI platform cloud service are more focused on advancements in AI platform cloud service by adding machine learning to it, and such factors are creating potential market opportunities for AI platform cloud service.

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Increasing popularity of cloud-based services across different enterprises is ultimately creating a need for innovative cloud services for sustaining in changing scenarios of technological solutions. Due to such advancements, the AI platform cloud service is emerging as a new trend to sustain in changing market.

Global AI Platform Cloud Service Market: Industry Key Players

Examples of some of the key players in the global AI Platform Cloud Service market include Oracle Corporation, Microsoft Corporation, IBM, Google LLC, Infosys Limited, Amazon Web Services, Wipro Limited, Baidu Inc., Cloudera Inc., Informatica LLC,   and others. AI platform cloud service vendors are continuously focusing on innovations in their products.

This strategy is followed by key vendors of AI platform cloud service for sustaining themselves in the increasing global competition. In addition to this, AI platform cloud service vendors are focusing on integrating new and advanced technologies to deliver an outstanding service to the customers such as chat-bots, speech recognition, and others.

Global AI Platform Cloud Service Market: Segmentation

The global AI platform cloud service market is segmented on the basis of industry, enterprise size, and region. The segmentation based on industries includes the industry vertical which are using the AI platform cloud service for application development or data analysis and others.

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The industry segmentation includes travel and tourism, IT & telecommunication, manufacturing, retail, and others. On the basis of enterprise size, the AI platform cloud service market is segmented into small, medium and large enterprises. On the basis of the region, the AI platform cloud service market is segmented into segmented into North America, Latin America, Europe, Eastern Europe, CIS & Russia, Japan, and MEA.­

Queries Solved

• What is the size of the overall AI Platform Cloud Service Market in the Technology Market and its segments?
• What are the key segments and sub-segments in the market?
• What are the key drivers, restraints, opportunities, and challenges of the AI Platform Cloud Service Market in the Technology Market, and how they are expected to impact the market?
• What are the attractive investment opportunities within the AI Platform Cloud Service Market in the Technology Market?
• What is the AI Platform Cloud Service Market in the Technology Market size at the regional and country-level?
• What are the key market players focusing on?
• What are the strategies for growth adopted by the key players in AI Platform Cloud Service Market in the Technology Market?
• What are the recent trends in AI Platform Cloud Service Market in the Technology Market? (M&A, partnerships, new product developments, expansions)?
• What are the challenges to the AI Platform Cloud Service Market in the growth of the Technology Market?
• What are the key market trends impacting the growth of the AI Platform Cloud Service Market in the Technology 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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It is anticipated that alarm management system sales would total US$ 2 Bn. Sales in the market are anticipated to grow at a rate of 11–13% CAGR during the projected period due to rising need to handle alarm overload in manufacturing plants.

Nowadays, alarm overload has become a common issue in most manufacturing plants. The reason behind this overload is formerly integrated independent systems for effective operations with fewer operators. Thus, each operator has to deal with more alarms by monitoring a wider area.

Alarm management systems help customers by rationalizing these alarms in manufacturing plants. Alarm management systems help to overcome the situation of inaccurate alarms, disabled alarms and alarm floods. Hence, alarm management systems help to increase situation awareness, which further positively impacts plant production and safety. 

Alarm management systems are generally used for grouping, classifying alerts, prioritizing and enabling event notifications used in SCADA (Supervisory Control And Data Acquisition). Alarm management systems function in a similar manner in other applications as well, such as in medical care and IT.

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Alarm management systems reduce fatigue and improve focus and readability for the individuals monitoring SCADA. In complex factory automation and industrial controls systems that use SCADA, alarm management systems reduce the use of alarms for events. These systems also prioritize events and alarms and then route them towards those in need of a response. 

Global Alarm Management System Market: Dynamics 

Alarm management systems reduce alarm flooding through near real time alerts, which is one of the major factors driving the growth of the market during. That apart, these systems help to keep processes safe and profitable through a DCS (Distributed Control System) which maintains and creates a master alarm database. Thus, this factor will also propel the growth of the alarm management system market over the projected period.

Furthermore, these systems improve decision support, operator effectiveness and situation awareness. This is another factor that will also contribute towards the growth of the alarm management system market during the forecast period. Increasing need to conform with current industry standards and best practices, such as EEMUA 191, ISA 18.2 and IEC 62682, will also create demand space for alarm management systems during the forecast period.

However, some implementation and technical challenges, such as configuration issues, redefining KPIs (Key Performance Indicators) and alarm philosophy development, are expected to restrain the growth of the alarm management system market during the forecast period. Some other factors, such as implementation of dynamic alarming, need to keep alarm rationalization up to date, etc. are also likely to hinder the growth of the alarm management system market during the forecast period. 

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Global Alarm Management System Market: Competition Landscape 

Key Vendors 

Some of the key vendors in the alarm management system market are PAS Global, LLC, exida.com LLC, Honeywell International Inc., KLAS Research, Yokogawa India Ltd., Vocera Communications, Ascom Holdings, GE Healthcare, Masimo Corporation, Koninklijke Philips and Spok, Inc. 

Global Alarm Management System Market: Regional Outlook 

Geographically, the alarm management system market can be segmented into North America, Western Europe, Latin America, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa (MEA) and Japan. 

North America is anticipated to be the major revenue generating region in the global alarm management market owing to the increasing usage of alarm management systems for clinical purposes. Moreover, increasing demand for integrated healthcare IT systems to ensure reliability and various initiatives being taken by government bodies to reduce alarm fatigue are other important factors driving the growth of the alarm management system market in this region.

The alarm management system market in Asia Pacific is anticipated to grow at a significant rate owing to the growing usage of alarm management systems in manufacturing industries in this region. Countries, such as China, Japan and India, are expected to drive the growth of the market in this region. 

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Regional analysis for the global Alarm Management System market includes: 

• North America Alarm Management System Market 

• U.S. 
• Canada 

• Latin America Alarm Management System Market 

• Argentina 
• Mexico 

• Brazil 
• Rest of Latin America 

• Western Europe Alarm Management System Market 

• Germany 
• France 

• U.K. 
• Spain 
• Italy 
• Nordic 
• Benelux 

• Rest of Western Europe 

• Eastern Europe Alarm Management System Market 

• Poland 
• Russia 

• Asia Pacific Alarm Management System Market 

• India 
• ASEAN 
• Australia and New Zealand 
• Rest of SEA and Others of APAC 

• Japan Alarm Management System Market 

• China Alarm Management System Market 
• Middle East and Africa Alarm Management System Market 

• GCC Countries 
• North Africa 
• South Africa 
• Rest of MEA 

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

Global Alarm Management System Market: Segmentation 

The global Alarm Management System market can be segmented on the basis of component, industry and region. 

Alarm Management System market, by component 

• Software 
• Services 

Alarm Management System market, by industry 

• Automotive 
• Chemical 

• Agriculture 
• Oil and Gas 
• Research and Development 
• Others 

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