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According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the citrus oil market is estimated to reach a value of USD 5.8 Bn by 2032, surging at 4% CAGR through the decade.

As a result of rising health consciousness and consumer demand for natural ingredient products, the citrus oil market is rapidly expanding. The growing popularity of organic products is fueling industry growth. Other factors such as rising demand for cosmetic and personal care products, rising disposable incomes, and rapid technological advancements will all significantly contribute to market growth.

Furthermore, citrus fruits and vegetables like orange, lemon, and grapefruit, which are the main sources of citrus oil, are abundant in nature. As a result, the widespread availability of citric fruits and vegetables has been critical in increasing citrus oil production.

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Growing investments in research and development activities to find new uses for citrus oil are expected to boost the global citrus oil market’s growth over the forecast period.

Key Takeaways from Market Study

• The Chinese citrus oil market is expected to reach USD 540 million by 2032, growing at a CAGR of 9%.
• France is expected to have a 15% market share. France is expected to be the largest market in terms of the value of citrus oils during the forecast period, as consumers’ preferences for sophistication and demand for natural beauty care products, fragrances, and medicines rise.
• The Citrus Oil Market in Germany is expected to grow at a CAGR of 3.8% between 2022 and 2032.
• The Spanish citrus oil market is expected to grow at a CAGR of 3.5%. Apart from the food and beverage industries, citrus oil is expected to be in high demand in the healthcare industry in Spain for the treatment of infections, skin disorders, obesity, and asthma.
• The Russian citrus oil market is expected to expand at a 4.5 percent CAGR. Orange oil is in high demand among Russian citrus oil market participants.

“Citrus oil is gaining popularity not only as a flavor enhancer but also for its medicinal properties. Citrus oil demand has increased in recent years due to an increase in demand for protected and value-added foods,” says a lead analyst at Future Market Insights.

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Who is winning?

The market’s essence is sharply divided. Increased use of nutraceutical, functional, and dairy supplements due to their high phenolic content is expected to create growth opportunities for market participants. During the forecast period, the nutraceutical industry will expand significantly, and product demand will rise.

• For example, Archer Daniels Midland Company (ADM) acquired Ziegler Group, a European citrus oil manufacturer, in March 2019 in an effort to expand their citrus oil offerings in the market.

Mountain Rose Herbs, Young Living Essential Oils, Farotti Essenze, Moksha Lifestyle Products, LLC, TERRA Holdings, Plant Therapy Essential Oils, and others are among the market’s major players.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the citrus oil presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the citrus oil based on source (Oranges, Tangerines/Mandarins, Lemon and Lime, Grapefruit) extraction method (Steam Distilled, Cold-Pressed, Hydro-Distillation) fold (2-4 Folded, 5-7 Folded, 8-10 Folded, Above 10 Folded) grade (Deterpenated Oil, Terpenless Oil, Concentrated Oil, Terpene Oil) application (Food & Beverage, Personal Care & Beauty Products, Home Care Products, Aromatherapy, Health Care Products) channel (Direct Sales, Modern Trade, Specialty Store, Mono Brand Store, Online Retailers, Other Sales Channels) region (North America, Latin America, Europe, Japan, APEJ, MEA).

Market Segments Covered in Citrus Oils Industry Analysis :

By Source :

• Oranges
• Tangerines/Mandarins
• Grapefruit
• Lemon and Lime

 By Extraction Method :

• Steam Distilled Method
• Cold Pressed Method
• Hydro-Distillation Method

By Fold Type :

• 2-4 Folded
• 5-7 Folded
• 8-10 Folded
• Above 10 Folded

By Grade Type :

• Deterpenated Oil
  • Terpenless Oil
  • Concentrated Oil
• Terpene Oil

By End-Use Industry :

• Food & Beverage
• Personal Care & Beauty Products
• Home Care Products
• Aromatherapy
• Health Care Products

By Sales Channel :

• Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform

Region :

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

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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 Us

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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The demand for military embedded systems is driven by an increase in the use of multi-core technology, an increase in demand for commercial off-the-shelf hardware, and an increase in the deployment of electronic warfare systems.

From 2022 to 2032, the military embedded systems market is anticipated to grow at a CAGR of 8.1%, from USD 1.6 billion in 2022 to USD 3.6 billion in 2032.

The high cost of military embedded systems, on the other hand, is restricting the expansion of the military embedded systems market. The sales of military embedded systems are predicted to grow as cloud computing, network-centric warfare systems, and wireless technologies open up new doors in the sector.

The demand for military embedded systems is rising as multi-core technology enables designers to adapt to future hardware requirements while staying under budget limits. Due to the widespread usage of multi-core technology in electronic warfare systems, the sales of military embedded systems are predicted to grow.

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KEY TAKEAWAYS:

• From 2022 to 2032, the blade server segment is expected to lead the military embedded systems market in terms of server architecture. Due to the increasing deployment of modern blade servers, this sector is projected to lead the military embedded systems market.
• According to the platform, the land segment is predicted to lead the industry with a CAGR of 7.8% during the forecast period.
• With a CAGR of 7.8%, the intelligence, surveillance, and reconnaissance (ISR) segment are predicted to lead the military embedded systems market in terms of application.
• The U.S. is predicted to lead the military embedded systems market with a CAGR of 7.6% during the forecast period. Increased investments in defense equipment and fighting capabilities, as well as the installation of network-centric infrastructure, are likely to propel market growth in the U.S.
• The United States and Canada are the two largest countries in this region, with the United States leading the military embedded systems market in North America. The United States is a technologically advanced country with enormous potential for military electronics investment. North America is the primary distribution center for technologically advanced applications. The United States is a technologically advanced country with large investment potential in embedded system technologies. Market expansion in this region was aided by increased investments in next-generation communication technology and integrated warfare capabilities.

COMPETITIVE LANDSCAPE:

Some of the key players in the military embedded systems market profiled in the study are Mercury Systems, Inc., Curtiss-Wright Corporation, Advantech Co., Ltd., SMART Embedded Computing, and Kontron AG.

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Recent Developments

• Abaco Systems introduced its new 3U CompactPCI Rugged Single Board Computer in April 2020, which is designed for a wide range of demanding applications in defense, aerospace, industrial, and commercial areas where rugged reliability in hostile environments is critical.
• Kontron AG added a new VX305H-40G 3U OpenVPX single board computer module to its modular open systems architecture product line in February 2020.
• Kontron AG inked a distribution deal with Mouser Electronics in February 2020 for its computer-on-modules (COMs), which include COM Express modules based on Intel Atom E3900 series, Pentium processor N4200, and Celeron processor N3350 processors.
• Elma Electronic (Switzerland) and Curtiss-(U.S.) Wright’s defense solutions division collaborated in January 2019 to improve a 3U OpenVPX convergence development platform for the C4ISR CMOSS.
• Mercury Systems, Inc. invested USD 15 million in October 2019 to grow its custom microelectronics business, providing the U.S. Department of Defense with cutting-edge commercial silicon technology (DoD).

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Key Segments

By Component

• Hardware
  • Processor
  • Memory
  • Converter
  • Graphical Processing Unit (GPU)
  • Others
• Software

By Application

• Radar
• Command & Control
• Avionics
• Electronic Warfare
• Communication & Navigation
• Weapon Fire Control System
• Others

By Platform

• Land
• Marine
• Space
• Airborne

By Technology

• Mist Computing
• Fog Computing
• Edge Computing

By Services

• Design, test & certification
• Deployment
• Renewal
• Seamless life cycle support

About Us

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 Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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The Cellular M2M Market is expected to witness moderate growth, registering 19.3% CAGR during the forecast period (2022-2030) and projected to reach US$ 12 Bn and US$ 70 Bn by 2032 from US$ 10 Bn in 2021. High-speed internet and connection technologies are becoming more widely used.

In maintaining M2M device connections, connectivity is critical. Wireless communication is being more widely used in a variety of businesses. M2M has opened up a wide range of connectivity options for businesses with devices scattered across several sites.

The rapid spread of the coronavirus has generated a global health disaster as well as a significant financial problem. Organizations are reducing their investments in the development of cellular M2M solutions as a result of massive economic losses in the majority of sectors.

However, technological improvements and digitalization in many nations are projected to keep up demand for cellular M2M solutions in important verticals such as healthcare and utilities, reducing the need for human interaction.

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Furthermore, to restore operational efficiency and enhance productivity, enterprises are rapidly integrating mobile and cloud technologies, as well as big data and analytics capabilities coupled with cellular M2M solutions. Customers, businesses, and communication service providers now connect with business processes in new ways thanks to the internet and wireless technology.

The tremendous increase in M2M connections is having a major influence on how many companies across sectors do business by enhancing operational efficiency, product and service quality, and decision-making. Organizations are adopting next-generation connectivity technologies like 4G and 5G to allow innovation and achieve a competitive edge by connecting billions of devices, machines, and people in the hyper-connected region.

M2M is an important part of the growing Internet of Things revolution. M2M connections, together with big data analytics, cloud computing, sensors and actuators that may work together to run autonomous machines and intelligent systems, are all part of the Internet of Things. Sensing and actuation have provided M2M with a boost to IoT, thanks to recent improvements in wireless communications.

North America has been particularly quick to implement the most recent technology breakthroughs, such as cloud and mobile integration into cellular M2M solutions, in order to streamline company operations and maximize resource efficiency.

The area is a leader in the deployment of cellular M2M mobile apps, which are effective in safeguarding digital document sharing and cooperation among employees or sites that are geographically dispersed. Furthermore, North America is home to a large number of technology pioneers.

Key Takeaways:

• The connectivity services from the cellular M2M market are expected to grow at the fastest CAGR of 17.6% in the services sector.
•  Asset tracking and monitoring are expected to grow at a high rate in the application sector of the cellular M2M market, with a CAGR of 18.6%.
• The market size for cellular M2M in the United States is expected to reach US$ 25 Billion by 2032, growing at a CAGR of 19% during the research period.
•  UK is expected to reach a market size of US$ 3 Billion in the cellular M2M by 2032, with a CAGR of 17.8% during the research period.
•  China’s cellular M2M market is expected to be worth US$ 5 Billion by 2032, with a CAGR of 18.5% over the forecast period.
•  Japan is expected to have a market size for cellular M2M of US$ 4 Billion by 2032, with a CAGR of 17.4% during the research period.
• By 2032, South Korea is expected to reach a market size of US$ 2 Billion in the cellular M2M, with a CAGR of 16.6% during the research period.

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Key Players

AT&T, Verizon, T-Mobile, Vodafone, Telefonica, Ericsson, Arm Holdings, KPN.

Key Segments

By Function:

• Connectivity Services
• Professional Services
• Managed Services

By Application:

• Asset tracking and monitoring
• Predictive Maintenance
• Telemedicine
• Fleet Management
• Warehouse Management
• Industrial Automation
• Smart meter

By Industry:

• Healthcare
• Energy and Utilities
• Transportation and Logistics
• Manufacturing
• Others

By Region:

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

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About Us

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 Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
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According to a new study by FMI, sales of citrus powder is expected to reach ~US$ 6 Bn in 2019, primarily influenced by the recent reforms coming into fore in the global food sector. In recent years, increasing focus towards cleaning and sanitization has been compelling manufacturers to identify and leverage white spaces in the application of citrus powder, especially in personal hygiene products. Moreover, the consumer proclivity for using chemical-free products with natural ingredients will continue to provide a fillip to sales of citrus powder in 2019 and beyond.

As demand for ‘natural ingredients’ and ‘clean labels’ continue to gain prominence, citrus powder manufacturers are continuously exploring untapped potential of products. FMI’s study finds that significant growth of F&B and cosmetics industry will continue to work to the advantage of the market players.

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The idea of adding citrus powder to different food and beverages products is helping consumers to discover and identify new and refreshing flavors. Apart, from the taste, many consumers are using citrus powder for its nutritional and health benefits. Moreover, the addition of citrus powder to salads, chicken and soups has been a common practice being followed by East Asian consumers for its flavor enhancing and medicinal properties. It further helps elevate the nutritional property of food.

Citrus powder has been garnering significant traction as a viable ingredient in dietary supplements, as it is enriched with vitamin C, phosphorus, minerals and various other health boosting nutrition. Studies have also shown that citrus powder help support heart health, prevent kidney stones, and in weight management.

Opportunities Abound for Market Players in Developing Countries

Being the largest exporters of citrus fruits, the citrus powder market in countries such as Spain, South Africa, China, the U.S. and Mexico has reached its maturity.

According to FMI study, growth opportunities for the citrus powder market players are picking pace in South Asia and Oceania, owing to profound growth of end-use industries including food & beverages, cosmetics & personal care, and others. A sprung in the number of working population, greater awareness of natural ingredients, rapid inclination towards personal grooming, and increased disposable income are further likely to aid in the expansion of citrus powder market in developing countries in South Asia.

FMI’s business intelligence also underlines groundbreaking insights into the competitive scenario of citrus powder market along with highlights of the manufacturers’ differential strategies. Key players in the citrus powder market will continue to align with global sustainability drive by including ‘organic’ offerings in their existing portfolios, which is likely to help them enhance customer confidence. For instance, LemonConcentrate S.L. – a world class company that belongs to the fruit concentrate sector, – is facing the growing competition of their peers by opening an organic way of farming along with the conventional one. The company is also introducing recyclable packaging materials and providing versatile packaging on the basis of different quantities of citrus powder. Significant improvements in packaging is further likely to increase the shelf life of citrus powder, which has been a major concern among the manufacturers.

In May 2019, Givaudan SA, the world’s largest company in flavor and fragrance industries has expanded their business by acquiring Golden Frog Company which is a Vietnamese flavor company, to increase its regional and local presence. Following the acquisition, the company introduced a range exciting flavors, and the result is likely to lead to expanded customer base.

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CITRUS POWDER MARKET TAXONOMY

The global citrus powder market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

By Nature

• Organic
• Conventional

By Source

• Orange
• Grapefruit
• Lemons & Lime
• Tangerines/Mandarins

By Drying Method

• Freeze dried
• Drum dried
• Spray dried
• Air-Dried

By End-Use

• Dietary Supplements
• Cosmetics & Personal Care
  • Soaps
  • Body scrubs
  • Sanitization
  • Makeup Removers
  • Cleaning
• Food & beverage industry
  • Bakery
  • Dairy products
  • Ice creams
  • Ready meals
  • Alcoholic Drinks
  • Seasonings
• Juices

By Sales Channel

• B2B
• B2C
  • Modern Trade
  • Medical Stores
  • Specialty Stores
  • Online Channels
  • Convenient Stores

By Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

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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 Us

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 Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
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Increasing awareness regarding health and wellness among consumers, their focus towards the adoption of fitness goals, rising demand of fish protein concentrate in cosmetics, personal care segment, pharmaceuticals are key factors enabling growth in the fish protein concentrate market. Future Market Insights (FMI) predicts positive near-term growth for the market in a new study. According to the report, the market will reach US$ 107.7 Mn in 2021.

Increasing frequency of product launches and the demand for greater sustainability and clean label certifications are creating lucrative growth opportunities for the fish protein concentrate market. These proteins are gradually increasing in demand in the food industry as ingredients often used as meat substitute and on account of their fat-binding properties.

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Fish is a low-fat high quality source of protein and a great source of vitamins, minerals, and omega 3 fatty acids. Its consumption therefore associated with good heart and brain function, combating inflammation in joints and providing lubrication to joints. Fish protein concentrates have therefore found their way into the food & beverages industry, which currently accounts for the leading share in the market among end users.

RFID Tags Increasingly Preferred for Fish Protein Concentrate Packaging

Adoption of RFID technology is increasing since manufactures are seeking an efficient supply chain algorithm, where they could keep a track of their products thus save overall time of transportation and ensure product availability. Fish protein concentrate manufactures also are facing similar issues, which have been tipping scales in favour of RFID labels in the market.

RFID hides away data up to 2 KB identified with the item on which it is labelled. The costs and subtleties of the items with RFID labels are consequently recorded when the client moves toward the counter, without filtering each any item, which saves the hour of the client. In addition, it permits cost count in one sweep, which saves the hour of the client just as the item retailer.

These factors would impact fish protein concentrate market and would give a chance to have a development in products and ventures. Adoption of latest technologies is expected to bode well for the overall market.

Key Takeaways from Fish Protein Concentrates Market Study

• Fish protein concentrate market is forecast to register 6.3% Y-o-Y growth in 2021
• The U.S. will account for a significant share of sales in North America. FMI has projected the U.S. to nearly 93% of the North America market, in terms of value, in 2021
• Within the U.K. the market for fish protein concentrate will exhibit slightly over 4% Y-o-Y growth in 2021
• France and Germany will emerge as other key markets in Europe, exhibiting high demand for fish protein concentrate
• Within East Asia, Japan and South Korea will emerge as highly lucrative markets for fish protein concentrate

“Increasing number of fish protein manufacturers are focusing on research and development to push product launches. Besides this, there is considerably focus on expanding footprint across emerging countries to gain competitive advantage” said a lead analyst at FMI

Who is winning?                                                             

Some of the key players operating in fish protein Market are Janatha Fish Meal & Oil Products, Bevenovo Co. Ltd, Bio-Oregon Protein, Omega Protein Corporation, Colpex International Inc., Shenzhen Taier Biotechnology Co. Ltd., New Alliance Dye Chem Pvt. Ltd., Peterlabs Holdings, Mukka Seafood Industries Limited, Scanbio Marine Group, Apelsa Guadalajara, Siam Industries International, and other.

Key players of Fish protein Concentrate are focusing on partnership in order to gain larger market share and to capture new geographical areas to get access to new markets.

• Another recent development in 2018, by Omega Proteins a leading manufacturer was that the company launched Vermilion, a fishing vessel.
• In 2020, Paine and partners, LLC, announced that it has signed a deal to purchase, Scanbio Marine group.

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Get Valuable Insights into Fish Protein Concentrate Market

Future Market Insights, in its new report, presents an unbiased analysis of the global plant-based Collagen market, covering historical demand data and forecast figures for the period Based on

By Form

• Powder
• Liquid

By Type

• Type A
• Type B
• Type C

By End Use

• Food & Beverages
• Sport Nutrition & Dietary Supplement
• Cosmetic & Personal Care
• Pharmaceuticals
• Others

Region

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

Frequently Asked Questions

• Which is the most lucrative market for Fish Protein Concentrate?
• Which type of fish protein concentrate is in high demand?
• Which technology is fish protein concentrate manufacturers using?
• Which are some of the leading companies offering fish protein concentrate?
• Which end user is driving sales of fish protein concentrates?

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About Us

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 Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
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The global market for AI in IoT is estimated at US$ 6.2 Billion in 2022 and is projected to reach US$ 142.4 Billion by 2032. The market is expected to reach a CAGR of 6.2% during the forecast period from 2022 to 2032. This market is projected to grow steadily over the next few years as billions of devices, services, and systems connect to each other, which is expected to be primarily driven by the adoption of low-cost sensors that are able to convert physical data into digital content. Moreover, the growing demand for smart cities and IoT solutions in developing regions has increased the value of AI in the IoT market.

IoT devices are constantly streaming voluminous data, and the need to analyze that data and reduce maintenance costs and downtime has led to the adoption of artificial intelligence in IoT market. In the retail industry, artificial intelligence will play a key role in enabling IoT-based services, with a primary focus on improving customer experience programs and developing products that are more customer-centric which will further propel market demand for AI in IoT in the market.

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Key Takeaways:

• The market for AI in IoT is currently valued at US$ 78 Bn. It is expected to grow at a 6.2% CAGR from 2022 to 2032.
• ML & deep learning technologies are projected to grow at a CAGR of 5.7% during the forecast period for Artificial Intelligence in IoT.
• U.S. market is predicted to reach US$ 49 billion while growing at a CAGR of 5.8% during the forecast period.
• China is expected to reach a CAGR of 5.6% with a market value of US$ 10.2 Billion in 2032 during the forecast period.
• The Japanese market is expected to reach a market value of US$ 8.6 Billion by 2032.

Competitive Landscape

Key Players that have been profiled in the report are Google, Microsoft, IBM, AWS, Oracle, SAP, PTC, GE, Salesforce, Hitachi, Uptake, SAS, Autoplant Systems Pvt Ltd, Kairos, Softweb Solutions, Arundo, C3 IoT, Anagog, Imagimob, Thingstel. In an effort to emerge as a recognized and profitable business, firms continue to adopt a strategy that includes new product launches, R&D, patents, approvals, events, product innovations, joint ventures, partnership agreements, digital marketing, collaborations, mergers and acquisitions.

• Mindtree acquired NxT Digital Business in May 2021 to offer analytical services to match the Industry 4.0 needs. Approximately 198 crores was valued at this acquisition, and completion is expected by July 31st, 2021. Using its low-power and compact SoC, the company aims to solve this issue while providing sufficient computing power for effective AI and biometrics.
• JFrog, a company that helps developers manage software delivery updates continuously in June 2021, reached a major agreement to help the company expand its expertise and presence in an area that has become increasingly connected to DevOps, security. With the acquisition of Vdoo, the firm got a platform that utilizes artificial intelligence to detect and fix vulnerabilities in the software that is part of IoT systems and connected devices. The deal is estimated to be worth approximately $300 million in cash and stock.

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More Valuable Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the global AI in IoT market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

Key Segments Covered

By Components:

• Platform
• Software Solutions
• Services

By Technologies:

• ML and Deep Learning
• NLP

By Verticals:

• Manufacturing
• Energy and Utilities
• Transportation and Mobility
• BFSI
• Government and Defense
• Retail
• Healthcare and Life Sciences
• Telecom
• Others(agriculture, education, telecom, and tourism and hospitality)

By Region:

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

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About Us

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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The market for disposing of IT assets is estimated to register a CAGR of 7.4% from 2022 to 2032. The market for disposing of IT assets is predicted to grow from US$ 15.6 billion in 2022 to US$ 31.8 billion in 2032. The industry saw a Y-o-Y gain of 7.6% from 2021 to 2022.

What is Driving Demand for IT Asset Disposition?The IT asset disposition demand has been observing noteworthy growth through the past few years, primarily owing to rising concerns about conserving the environment, prevention of data breaches, and regulatory compliances.

The sales is further driven by the need for appropriate e-waste disposition methods, environmental policies to be followed by industries, and the huge amount of e-waste generated. Moreover, the increasing adoption of BYOD trend backed by innovative technologies is anticipated to significantly flourish the IT asset disposition demand in the near future.

The manufacturers focus is on launching products that are efficient in terms of energy. Their strategies include driving factors like product launch and development. In this way, they are catering to the needs of the customers, as well as, providing a good competitive edge in the sales. Furthermore, they are also playing a major part in spreading the required awareness and information amongst the businesses and customers about the need to dispose off the computer equipment post use.

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Rising Environmental Safety Concerns and Implementation of Regulatory Compliances

Due to various regulatory compliances such as HIPAA/HITECH and NIST, companies are obliged to continuously re-evaluate their procedures for management of expired IT equipment. Most of the potential players do not have the robust position necessary to comply with the implementation of these regulations.

In addition, lack of a secure and well-organized plan for disposing off worned-out IT equipment can create several issues, such as identification of fraud and theft. Hence, a variety of state and federal environmental and privacy regulations govern the appropriate disposition of computers and electronics, and failure to do so can result in major fines or penalties and audits.

Moreover, the rising awareness among people for environmental safety across the globe has led to increasing acceptance of suitable methods and processes for the disposal of IT waste.

US IT Asset Disposition Growth Outlook

US IT asset disposition sales is estimated to register a high growth rate backed by the introduction of technological advancements and digitalization, leading to the replacement of old equipment. Additionally, in order to manage and ensure the safe disposition of the e-waste generated, demand for ITAD has propelled in the US, over the last few years.

US to account for the largest share of the ITAD usage during the forecast period. The adoption of new technologies, product innovation, high regulatory standards, and awareness of the conservation of the environment are the factors driving the growth of the US IT asset disposition market.

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High Demand of IT Asset Disposition across Europe

In Europe, companies are spending more time on IT asset disposition strategies in compliance with the legislations like the data security legislation, Waste Electrical and Electronic Equipment Directive (WEEE), and the General Data Protection Regulation (GDPR). Further, organizations are constantly investing in new technologies in order to keep up with dynamic technological advancements. These strategies help organizations identify cost saving methods while remaining current. In addition, many states are implementing regulations on how to dispose of IT hardware and related equipment.

Thus, Europe is projected to account for the second-largest share of the IT asset disposition services during the forecast period after North America. Germany and UK are major demand-generating countries for IT asset disposition services in this region.

Who are the Key Players in IT Asset Disposition Market?

The vendors offer numerous services such as decommissioning, data destruction, remarketing, recycling, and redeployment of retired IT hardware and equipment. Major players involved in the global IT asset disposition scenario include

• Dell, Inc.
• TES-AMM Singapore Pte Ltd.
• Lifespan International Inc.
• ICT Reverse
• 3stepIT
• Apto Solutions
• Brocent Asia Cloud Service Pte. Ltd.
• Atlantix Global Systems
• ITRenew Inc.
• Others

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Key Segments of IT Asset Disposition Market

By Asset Type:

• Computers/Laptops
• Smartphones and Tablets
• Peripherals
• Storage Devices
• Servers
• Others

By Service:

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

By Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises

By End-use Industry:

• BFSI
• IT & Telecom
• Government
• Energy and Utilities
• Healthcare
• Media and Entertainment
• Others

By Region:

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

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 Us:        
Future Market Insights
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Increasing awareness regarding health and wellness among consumers, their focus towards the adoption of fitness goals, rising demand of fish protein concentrate in cosmetics, personal care segment, pharmaceuticals are key factors enabling growth in the fish protein concentrate market. Future Market Insights (FMI) predicts positive near-term growth for the market in a new study. According to the report, the market will reach US$ 107.7 Mn in 2021.

Increasing frequency of product launches and the demand for greater sustainability and clean label certifications are creating lucrative growth opportunities for the fish protein concentrate market. These proteins are gradually increasing in demand in the food industry as ingredients often used as meat substitute and on account of their fat-binding properties.

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Fish is a low-fat high quality source of protein and a great source of vitamins, minerals, and omega 3 fatty acids. Its consumption therefore associated with good heart and brain function, combating inflammation in joints and providing lubrication to joints. Fish protein concentrates have therefore found their way into the food & beverages industry, which currently accounts for the leading share in the market among end users.

RFID Tags Increasingly Preferred for Fish Protein Concentrate Packaging

Adoption of RFID technology is increasing since manufactures are seeking an efficient supply chain algorithm, where they could keep a track of their products thus save overall time of transportation and ensure product availability. Fish protein concentrate manufactures also are facing similar issues, which have been tipping scales in favour of RFID labels in the market.

RFID hides away data up to 2 KB identified with the item on which it is labelled. The costs and subtleties of the items with RFID labels are consequently recorded when the client moves toward the counter, without filtering each any item, which saves the hour of the client. In addition, it permits cost count in one sweep, which saves the hour of the client just as the item retailer.

These factors would impact fish protein concentrate market and would give a chance to have a development in products and ventures. Adoption of latest technologies is expected to bode well for the overall market.

Key Takeaways from Fish Protein Concentrates Market Study

• Fish protein concentrate market is forecast to register 6.3% Y-o-Y growth in 2021
• The U.S. will account for a significant share of sales in North America. FMI has projected the U.S. to nearly 93% of the North America market, in terms of value, in 2021
• Within the U.K. the market for fish protein concentrate will exhibit slightly over 4% Y-o-Y growth in 2021
• France and Germany will emerge as other key markets in Europe, exhibiting high demand for fish protein concentrate
• Within East Asia, Japan and South Korea will emerge as highly lucrative markets for fish protein concentrate

“Increasing number of fish protein manufacturers are focusing on research and development to push product launches. Besides this, there is considerably focus on expanding footprint across emerging countries to gain competitive advantage” said a lead analyst at FMI

Who is winning?                                                             

Some of the key players operating in fish protein Market are Janatha Fish Meal & Oil Products, Bevenovo Co. Ltd, Bio-Oregon Protein, Omega Protein Corporation, Colpex International Inc., Shenzhen Taier Biotechnology Co. Ltd., New Alliance Dye Chem Pvt. Ltd., Peterlabs Holdings, Mukka Seafood Industries Limited, Scanbio Marine Group, Apelsa Guadalajara, Siam Industries International, and other.

Key players of Fish protein Concentrate are focusing on partnership in order to gain larger market share and to capture new geographical areas to get access to new markets.

• Another recent development in 2018, by Omega Proteins a leading manufacturer was that the company launched Vermilion, a fishing vessel.
• In 2020, Paine and partners, LLC, announced that it has signed a deal to purchase, Scanbio Marine group.

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Get Valuable Insights into Fish Protein Concentrate Market

Future Market Insights, in its new report, presents an unbiased analysis of the global plant-based Collagen market, covering historical demand data and forecast figures for the period Based on

By Form

• Powder
• Liquid

By Type

• Type A
• Type B
• Type C

By End Use

• Food & Beverages
• Sport Nutrition & Dietary Supplement
• Cosmetic & Personal Care
• Pharmaceuticals
• Others

Region

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

Frequently Asked Questions

• Which is the most lucrative market for Fish Protein Concentrate?
• Which type of fish protein concentrate is in high demand?
• Which technology is fish protein concentrate manufacturers using?
• Which are some of the leading companies offering fish protein concentrate?
• Which end user is driving sales of fish protein concentrates?

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About Us

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 Us:
Future Market Insights,
Unit No: 1602-006,
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According to Future Market Insights (FMI), the adoption of the next-gen firewall in the market is estimated to grow at a CAGR of 8.8% from 2022-2032. Next-Gen Firewall Market is expected to reach ~US$ 7.6 Bn by 2032.

Sales in the market are expected to reach a valuation of ~US$ 3.3 Bn by the end of 2022. As per FMI, companies are building security directly into IoT devices before implementing the hardware into the system.

The rise in data hacking activities and cyber-attacks is encouraging enterprises to focus on the detection of better security solutions. Hence, demand for next-gen firewall systems for securing information deployed on the cloud and for strengthening the security structure of the company is increasing.

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Moreover, large organizations are taking initiatives to implement next-gen firewalls for their business applications which are deployed on cloud, and helping other small enterprises to understand the usage of next-gen firewall capabilities, and internet security threats.

Key Takeaways: Next-Gen Firewall Market

• By type, the virtual appliance segment is estimated to grow at a robust CAGR of 9.9% through 2032.
• Among the enterprise size, SMEs segment is estimated to grow by 3.0X during the forecast period.
• By industry, the healthcare segment is anticipated to increase at a CAGR of 11.5% between 2022 & 2032.
• North America region is expected to dominate next-gen firewall market followed by Europe in 2022.
• South Asia & Pacific is estimated to be the fastest growing region during the forecast period.
• The U.S. market is expected to witness growth at a CAGR of around 4.6% through 2032.
• In India, the next-gen firewall market is expected to grow by 4.4x during the forecast period.
• Next-gen firewall market in China is estimated to witness an absolute $ opportunity of US$ 281 Mn in the forecast period.

Demand for Email Security to Boost the Adoption of Next-Gen Firewall Systems

Among enterprises, email security is a primary concern. Working culture among enterprises is changing, hence employees are using their personal devices for accessing business emails outside the organizations.

Next-gen firewall solutions help the organization in filtering emails with viruses on networks before the email reaches in an internal network of the organization.

Moreover, next-gen firewall helps to streamline email security tools by transferring them into single cloud service. Hence, enterprises are adopting next-gen firewall solution for improving the email security and thereby the demand is increasing for next-gen firewall solutions.

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Next-Gen Firewall Outlook by Category

By Type:

• Physical NGFW Appliance
• Virtual NGFW Appliance

By Enterprise Size:

• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

By Industry:

• IT & Telecom
• BFSI
• Healthcare
• Manufacturing
• Retail
• Government
• Others

By Region:

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

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About Us

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 Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs