Market Research Blog

The DDI Market is expected to reach US$ 1532.2 Mn in 2028, likely to surge at a vigorous 15.6% CAGR growth between 2022 to 2028. Estimated to observe a whopping 15% rate of the yearly growth in revenue, the global DDI market projected an impressive growth outlook. According to a new Future Market Insights study, SMEs are rapidly emerging as high-potential end-use consumers for DDI services and solutions providers.

Top 3 Regional Markets for DDI Hold over 50% Value Share

While North America’s market for DDI services and solution will maintain the lion’s share in the global value, the report forecasts a collective share of over half of the market value for North America, Europe, and East Asia. Furthermore, DDI adoption is most likely witness an above-average rate within MEA over the coming years.

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Demand for DDI solutions will continue to account for more than 50% of the total market value. However, FMI’s analysis highlights rapidly growing opportunities arising in the DDI services segment owing to the rising significance of managed & support services within enterprise environments.

With a collective share of over 55% in the market value, cloud & virtualization and network security will remain the top application areas of DDI services and solutions. Revenue through cloud deployment is poised to register an ascending rate in DDI market.

Businesses Demanding IP Address Management Solutions to Majorly Contribute in DDI Demand Growth

Rising adoption of IPv6 (Internet Protocol Version 6) and growing need for effective IP address management have been cited as the key opportunity areas for DDI solution and service providers in the market. Moreover, IP address management also holds crucial position in the modern business network infrastructure. However, low adoption rate of software-defined networking is found to be one of the key restraining factors in the global DDI marketplace. Software-defined networking provides a new way of delivering peripheral network services, including DDI. However, DDI solution providers are not delivering their software via SDN architectures.

According to the report, constantly increasing popularity of the BYOD (Bring your own device) trend at workplaces will prominently assist the growth of DDI market in the near future. Increasing network complexity and rapid addition of a number of network management points will further intensify the requirement of DDI services, thereby bolstering the revenue growth of market.

DDI Market Participants to Strategize on Acquisitions

In the fairly consolidated competitive landscape of DDI market, a limited number of regional and local players are competing for firmer market positions. While new product launches and existing portfolio upgrade have been the important strategies assisting growth of companies in the DDI space, strategic acquisitions are most likely to emerge a popular growth strategy among the market participants.

FMI’s report has profiled some of the most prominent companies active in DDI services and solutions landscape, including Infoblox, Inc., Cisco Systems, Inc., BlueCat Networks, Inc., Nokia, TCPWave Inc., PC Network Inc., Men & Mice, EfficientIP, ApplianSys, FusionLayer, BT Diamond IP, Microsoft Corporation, and NCC Group plc. among others.

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DDI Market Outlook by CategoryBy Component, DDI Market Demand is segmented as:

• DDI Solutions
• Services
  • Managed and Support Services
  • Professional and Training Services

By Application, DDI Market Outlook is segmented as:

• Network Automation
• Virtualization and Cloud
• Data Center Transformation
• Network Security

By Deployment Type, DDI Market Outlook is segmented as:

• On-premise
• Cloud

By Organization Size, DDI Market Outlook is segmented as:

• Large Enterprises
• Small and Medium Enterprises (SMEs)

By Vertical, DDI Market Outlook is segmented as:

• Information (Telecommunication & IT)
• Finance and Insurance
• Public Administration
• Health Care and Social Assistance
• Educational Services
• Retail Trade
• Manufacturing

By Region, DDI Market is segmented as:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• 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 6-years.

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The KVM Switch Market is estimated at US$ 1,058.0 Mn in 2022 and reach ~US$ 1,216.5 Mn by 2028, likely to surge at a robust 2.4% CAGR during the assessment period 2022 – 2028. On the basis of the findings specified in the report, the market is evaluated to witness sustained demand from telecom & IT industry operators, and finance & insurance sectors over the coming years. The modest demand growth of the KVM switch has been attributed to its adoption within emerging economies in the global market.

Global KVM Switch Market Dynamics    

Increasing demand for KVM Switch in telecom & IT sector is expected to contribute to the growth of the KVM Switch market over the forecast period. Moreover, KVM switches feature a unique flexibility that fulfills the requirements of small as well as medium-sized home offices and other large enterprise-grade applications.

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Additionally, These KVM switches enable data center users and personnel to establish a connection with any server in the rack cabinet. Thus, growing demand for KVM switch from SMEs and large enterprises are expected to fuel the growth of the KVM Switch market in the coming years.

On the flip side, the high affordability factor promised by advanced cloud computing solutions is also estimated to minimize the adoption rate of data centers during the forecast period, which is expected to have a negative impact on the growth of the global KVM switches market.

Global KVM Switch Market Forecast

An in-depth analysis of the market suggests that the overall size of the global KVM Switch market will grow at a substantial rate during the forecast period. Several optimistic variations are likely to contribute to the growth of the KVM Switch market.

By component, the KVM-IP switch segment is estimated to dominate the KVM Switch market with a value of US$ 198.2 Mn in 2018. However, the KVM-secure switch segment followed by KVM high-performance switch segment is estimated to expand at a significant CAGR in the global KVM Switch market over the forecast period.

By switch type, the multi-user KVM segment is expected to hold a dominant value share in the global KVM Switch market. The segment is projected to expand with a high CAGR owing to the increasing demand from the end-use sectors.

By verticals, the telecom & IT sector followed by finance/insurance sector is expected to hold signal value share in the global KVM Switch market. In value terms, the telecom & IT segment is projected to create an incremental $ opportunity worth US$ 98.1 Mn in the global KVM Switch market over the forecast period.

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Global KVM Switch Market: Competitive Landscape

Some of the key players involved in the manufacturing of KVM switch, which are included in this study, are Dell Inc., Belkin International, Inc., D-Link Corporation, Aten International Co., Ltd., IOGEAR, Vertiv Co., Hewlett Packard Enterprise, Fujitsu Ltd., Network Technologies Inc., APC (Schneider Electric), Adder Technology, Thinklogical (Belden Inc.) and Tripp Lite.

KVM Switch Outlook by Category

By Component, KVM Switch Demand is segmented as:

• KVM-Desktop Switch
• KVM-IP Switch
• KVM-Secure Switch
• KVM High Performance Switch
• Serial Console

By Switch Type, KVM Switch Outlook is segmented as:

• Single User KVM
• Multi User KVM

By Enterprise Size, KVM Switch Sales is segmented as:

• SMEs
• Large Enterprises

By Vertical, KVM Switch Outlook is segmented as:

• Government/Public Sector
• Telecom & IT
• Healthcare and Pharmaceutical
• Retail
• Finance/Insurance
• Content Provider/Media
• Others

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By Region, KVM Switch Sales is segmented as:

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

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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 6-years.

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Inositol, a vitamin-like substance, is a naturally occurring cyclic compound with 6-OH groups, found in plants and animals. It can also be synthesized in the laboratory; hence, the inositol has natural and artificial sources. Inositol plays a vital role in the human body system. It acts as a secondary messenger to the brain, and its also used for the reduction of cholesterol, treatment of diabetic nerve pain, insomnia, and many more.

Although in a variety of forms, myo-inositol is the most prevalent. Additionally, inositol is employed as a food ingredient and to promote the growth of bacteria and yeast. Additionally, it can be used to create dietary supplements, which can come in the form of capsules or powder. One factor that has propelled the market’s expansion throughout the years is the variety of uses for inositol.

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This is expected to continue during the forecast period and aftermath. Moreover, the rise in per capita income of consumers in developing nations and the growing population of unhealthy individuals is facilitating the growth of inositols in the Asia Pacific region.

Inositol Market Growth Driven by Increasing Consumers’ Demand for Healthy Products

The increase in demand for healthy items has led to a rise in that demand. The population’s increased prevalence of disorders including diabetes, sleeplessness, PCOS, and others brought on by rising junk food consumption and unhealthy lifestyle choices has increased the demand for inositol-containing medications and supplements.

As a component of the vitamin B complex, inositol has a number of health advantages. Due to their capacity to maintain chemical balance in the central nervous system, health professionals frequently advise patients suffering from mental disorders including depression, panic disorder, and others to consume products containing inositol.

Furthermore, the growing demand for inositol products among women suffering from diseases such as polycystic ovarian syndrome and cancer in developing and developed countries is a strong force anticipated to drive the growth of the inositol market globally. Also, consumers’ switch from unhealthy food products towards the consumption of healthy ones has created a surge in demand for food products containing inositol from the food and beverage industry

Inositol Market Restrain

The global inositol market is expected to receive a big blow that might cause a decrease in demand for its products due to the side effect it has on excessive consumption. High consumption of inositol or inositol products usually causes nausea, headaches, fatigue, dizziness, and mild gastrointestinal distress. All these health issues are significant factors projected to hamper the growth of the industry over the forecast period.

Inositol Market: Region-wise Analysis

North America is slated to dominate the global inositol market during the forecast period and aftermath. The rise in demand for healthy food products and the presence of key players within the countries located in North America are factors expected to facilitate the region’s dominance.

The Asia Pacific is projected to witness rapid growth due to the rise in government spending on healthcare and the growing pharmaceutical industry. Europe is expected to contribute significantly to the growth of the sector over the forecast period. Other regions will contribute moderately to the global inositol market over the foreseeable period.

Inositol Market: Competitive Landscape

• Dsm NV
• Charles Bowman & Company
• J. Clark & Company
• Shandong Runde Biotechnology Co

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Region-wise Analysis

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South 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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Future Market Insights (FMI) recently published a market report titled ‘Cross-Platform and Mobile Advertising Market – Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028.’ The cross-platform and mobile advertising market is playing an important role in the advertising industry because of the increasing penetration of the Internet, globally. Companies with cross-platform and mobile advertising platforms are working with social media platforms such as Facebook, Instagram, and many more to provide the advertisement of products and services. Moreover, e-Commerce websites are also advertising ads of different clients and brands to the user, which in turn boosts the cross-platform and mobile advertising market.

The global cross-platform and mobile advertising market is estimated to expand at a CAGR of over 21% during the forecast period. This stellar growth in the global cross-platform and mobile advertising market can be attributed to the global advertising industry with rising globalization and digitalization.

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In addition, with technological advancements in analytics, cross-platform and mobile advertising firms are able to offer various customized solutions to their clients. These are the factors that are driving the cross-platform and mobile advertising market. The South Asia region is expected to hold a prominent share of the cross-platform and mobile advertising market as compared to other regions. The established cross-platform and mobile advertising platform providers in the market are providing innovative cross-platform and mobile advertising platform for different industries such as retail, automotive, IT & Telecom, manufacturing, among others.

Future Market Insights has segmented the global cross-platform and mobile advertising market advertisement type, platform, end user, vertical, and region. By advertisement type, the market is segmented into search, native media, display, video, SMS, and audio. The cross-platform and mobile advertising market in several countries is playing a vital and important role by offering multiple advertising services in almost every domain.

On the basis of end user, the cross-platform and mobile advertising market is segmented into small and medium enterprises and large enterprises. The large enterprises sub-segment is expected to hold a prominent market share throughout the forecast period. However, the small and medium enterprises sub-segment is expected to continue to find new areas of applications of cross-platform and mobile advertising in different regions. This is expected to enable the cross-platform and mobile advertising market to record the prominent growth rate during the forecast period.

The cross-platform and mobile advertising market is also finding new applications and deployments in other industry verticals as well. Geographically, the presence of a large number of cross-platform and mobile advertising platform providers in North America is estimated to enable the cross-platform and mobile advertising market in the region to hold the highest market share by the end of 2018. The cross-platform and mobile advertising market in South Asia is projected to record the prominent growth rate as compared with other regional cross-platform and mobile advertising markets. Continuous advancements in the digital advertising sector are expected to facilitate the high growth rate of the South Asia cross-platform and mobile advertising market.

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According to FMI analysis, acquisitions, strategic mergers, and partnerships cross-platform and mobile advertising platform providers are expected to enable the market players to increase their revenue generation and sales. Google and Facebook are expected to hold the largest shares of the global cross-platform and mobile advertising market during the forecast period. Some of the market participants profiled in the global cross-platform and mobile advertising market report are Google, Inc., Facebook, Inc., SAP SE, Verizon Digital Media Services, Inc., 4INFO, Apple, Inc., Amobee, Inc. (SingTel), Inmobi, Microsoft Corporation, and AdColony.

Key Segments

On the basis of advertisement type, the global cross-platform and mobile advertising market has been segmented into:

• Search
• Native Social
• Display
• Video
• SMS
• Audio

By platform, the global cross-platform and mobile advertising market has been segmented into:

• Smartphones
• Tablets
• Desktops
• Smart Televisions

On the basis of End User, the global cross-platform and mobile advertising market has been segmented into:

• Small and Medium Enterprises
• Large Enterprises

On the basis of end-use, the global cross-platform and mobile advertising market has been segmented into:

• Telecom and IT
• Finance & Insurance
• Media & Entertainment
• Retail
• Healthcare & Social Assistance
• Energy and Utility
• Public Administration
• 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.

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The ePassport Market Expanding at a CAGR of 22.9%, the global ePassport industry is projected to increase from a valuation of US$ 41.9 Bn in 2022 to US$ 144.4 Bn by 2028.

The local data structure (LDS) format, traditionally employed in ePassports, have been witnessing changes recently. With the International Civil Aviation Organization (ICAO) working on new version of LDS, called LDS2, which will retain the backward compatibility while incorporating read-write function. This will further extend the functionality of ePassport with applications that enable storage of travel data, including travel stamps and Visas, coupled with other information that include special programs or advanced biometrics for special passengers.

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Prominent Trends Governing Global ePassport Market

The global ePassport market report highlights various supply and demand side trends along with strategic recommendations and a detailed analysis of the ePassport market on the basis of various segments.

With the growing incidences of terror attacks and illegal activities on an international level, there is a strong demand for data encryption and data protection. Regulatory bodies such as ICAO, IATA, and ACI have formed numerous protocols to improve border security and thus, ePassports have been witnessing strong demand.

The roadmap for LDS2 has birthed new concepts apropos of use and collection of passenger information, which in turn is expected to have far-reaching implications for the airports. With refugee crisis and rise in international terrorism, demand for counterfeit and stolen passports has been on the rise, which has led governments and airlines to better their security systems. Advent of ePassport alludes a future with more data transmission capability to a tamper-resistant and secure integrated circuit (IC), thereby revolutionizing airport security and reducing waiting times in long queues.

RFID Remains Preferred Technology while Biometrics Gain Marked Significance

According to the study, RFID technology has witnessed widespread adoption in ePassport generation, with global sales estimated at over 207,396 thousand units in 2018. New applications of RFID for ePassport have been introduced, however considerable privacy and security risks have been identified recently. This has led to the incorporation of multistage authentication for verification of ePassports, resulting in the adoption of biometrics in combination with RFID to reduce identity theft and fraud, while aiding governments in furthering their border security.

Omnipresence of biometric technology continues to enable thorough, yet time-effective screenings with the aid of chip readers, which is particularly pervasive in commercialized settings such as the hospitality industry. As biometric technology becomes vital for national security, converging digital and physical identities via ePassports is viewed as commendable solution for improved efficacy and accuracy of border security. The study estimates the number of ePassports integrated with the biometric technology to register Y-o-Y growth at more than 18% in 2019 over 2018.

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ePassport Market Players Eyeing Long-term Contracts with Governments

According to the study, companies operating in the ePassports market have been taking efforts to submit tenders and acquire supply contracts for ePassport developments and deployments. The multi-year service contract of Gemalto N.V. for British passports is a prime example of such instances. Key players in the ePassport market have been concentrating on the development & deployment of highly-encrypted ePassports, as new-generation passports witnessed increased incorporation by using PACE and SAC.

Lack of infrastructure developments and relatively expensive nature of ePassports remain key growth impediments for their market growth. ePassport penetration is currently limited to developed markets, and several developing economies are yet to introduce the biometric and electronic variants, particularly held back by lack of capital and technological know-how.

The study estimates Europe to lead the ePassport market in 2019, with East Asia following the suit. The market in East Asia is further projected by the study to outgrow all the other regional markets in the near future, with efforts of countries to improve their border security by introducing technologically advanced features in their passports.

ePassport Market Survey by Category

By Technology

• RFID
• Biometrics

By Application

• Business Travel
• Leisure Travel

By Security

• Basic Access Control
• Password Authenticated Connection Establishment
• Supplemental access Control
• Extended Access Control

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Region:

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

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The I/O Link Market is set to experience significant growth of 15.8% CAGR for 2022 – 2027, with an estimated I/O Link industry value of US$ 5,896.8 Mn as of 2022 & US$ 12,285.9 Mn by 2027.

• Rapidly growing industrial communication space with industrial IoT
• Increasing industrial adoption of Ethernet solutions over Fieldbus
• Government initiatives to promote industrial automation and rapid implementation of Industry 4.0
• Consistent efforts to reduce the time and cost involved in I/O link development

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I/O Links Market – Primary Takeaways

• Assembly automation applications are witnessing strong growth particularly in the manufacturing and automotive sector.
• I/O link for hybrid industry process are gaining strong traction driven by superior scope of functionality in industry 4.0 settings.
• Asia Pacific is generating strong demand for I/O links owing to major manufacturing hubs in India, China, South Korea, and Japan.

I/O Links Market – Growth Factors

• Support capabilities for high level ethernet and fieldbus protocols drives adoptions rates.
• Low production costs and superior energy efficiency in operations support market growth.

I/O Links Market – Major Constraints

• Limitations in motion control applications limit use of I/O links to select industries.
• Lack of international standardization for I/O link specifications is a major challenge for market players.

The Projected Impact of Coronavirus

The complete impact of the coronavirus pandemic on the I/O links market is not clear as yet. The manufacturing process continues to be largely manual, which in turn hints at a slower market recovery, as workers are less inclined to operate in environments which contribute to health risks. Also, China is going through a second wave of coronavirus cases, which will hurt market prospects in the months ahead. Alternative sourcing and government bailouts are expected to be important for the industry throughout the crisis period.

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Competition Landscape

The I/O Links market comprises players including but not limited to ifm electronic FZC, Leuze electronic GmbH, Balluff GmbH, SICK AG, Siemens AG, OMRON Corp., Hans TURCK GmbH, Pepperl + Fuchs, Banner Engineering, and Rockwell Automation Inc.

Participants in the I/O Links market are primarily interested in research and development initiatives to for product innovations and launches to boost product portfolios and scope of functionality.

For instance, Balluff GmbH has revealed a new smart level sensor with I/O link for high conductive fluid applications. Hans Turck GmbH has unveiled an IP67 I/O module for integration into process automation applications. Also, SMC Corporation of America has announced the launch of a wireless I/O link master for remote motion control settings.

Key Segments

By Component

• I/O-Link Devices
• I/O-Link Masters

By Vertical

• Semiconductor and Electronics
• Automotive
• Medical
• Others

By Application

• Handling Assembly Automation
• Intralogistics
• Machine Tools
• Packaging

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The market for food blenders and mixers is anticipated to grow at a CAGR of 6% over the course of the forecast period, from US$ 8.43 billion in 2022 to US$ 15.10 billion by 2032.

Blenders are multipurpose appliances that have a variety of utilization in the home, business as well as in laboratory. The major function in home and bar application is geared towards ice crushing. Blenders also emulsify softer food ingredients such as yogurt and fruit, which ultimately results in a thick consistency and smooth texture.

A blender is developed around a vessel for various ingredients to be blended. At the uppermost part of the vessel is a cap to prevent ingredients from escaping while the blender is on. The blender vessel rests upon a base comprising of a motor.

Different food blenders have different operations and features but product testing showcases that various blenders are useful for meeting numerous consumer needs. Blenders also have different applications in food science and microbiology.

It has been noticed that recent advancement in blender and mixer designs have added to the growing attainment of food companies, meeting their requirement for consistency and growing new products while also lowering production costs.

The Food blender and mixer market in India is currently growing at a rapid pace and is anticipated to grow at a significant growth rate in the next few years. Rising processed food industry will escalate the demand of food blenders and mixer all across the globe.

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Global Food Blender and Mixer: Market Segmentation

The global Food Blender and Mixer market is segmented on the basis of type of blenders which include shaft mixers, ribbon food blender, high shear mixer, double cone food blender, screw mixer and food blender and planetary mixer.

The global food blender and mixer market is also divided on the basis of applications such as bakery, dairy, beverage, confectionary and others. The dairy is further sub-segmented by ice-cream, milk, yogurt and others. The global food blender and mixer market is also divided by technology type such as continuous and batch.

Global Food Blender and Mixer Market: Growth Drivers

Booming processed food industry is driving the demand for food blender and mixer all around the world. Apart from this, tiring work schedules necessitates on the go consumption and accessible meals. The global food blender and mixer market is expected to showcase rapid growth in future due to rising consumption of bakery, beverage and confectionaries in developing economies.

The robust growth of disposable income in the developing economies is also fostering the growth of global blender and mixer market across the globe. Along with this, increasing health consciousness among consumers have prompted the sales of processed food products thus stimulating the growth of global food blender and mixer market.

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Global Food Blender and Mixer Market: Regional Outlook

Geographically, the Global Food Blender and Mixer industry can be divided  by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. The European region captured the major chunk in the global food blender and mixer market in 2014.

The consumption of food products which include snacks, bakery and dairy products are rising in European countries. In the coming few years, the market in Asian region is estimated to grow at a higher pace as compared to markets of Europe and North America.

Global Food Blender and Mixer Market: Players

Some of the key vendors identified across the value chain in the global Food Blender and Mixer market include   Tetra Laval International S.A., SPX Corporation, GEA group, Krones AG, Sulzer Limited, Buhler Holding AG, John Bean Technologies Corporation, KHS GmbH, Marel HF and Hosokawa Micron Corporation.

In order to gain the competitive advantage, the companies are going for expansions and moving to new and untapped markets. The top companies are also acquiring small and local players in order to mark their significant presence in the global food blender and mixer market.

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Regional analysis for Global Food Blender and Mixer Market includes

• North America
  • US & Canada
• Latin America
  • Brazil, Argentina & 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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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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Bank and financial institutions are operated in highly regulated environment. Data breach incidences in these cases occur mainly due to non-compliance to various operational standards. Therefore, there is increasing need of BFSI security to ensure the long term visibility of banking and financial institutions and their data. BFSI security includes cyber security and physical security of banking and financial institutions.

In past one decade, electronic banking platforms have been implemented as an efficient channel to process banking transactions remotely. These banking transactions are executed from web based applications over the internet network, thus creating security risk by exposing user’s data to hackers.

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Apart from this, the banking, financial and insurance industry is continuously witnessing threat from global terrorism, cyber-crimes, and espionage which are leveraging the loopholes in the critical infrastructure. With the increase in cyber-crimes activities, security of sensitive data including, personably identifiable information, personal banking details, commercial banking details, and confidential corporate information is at high risk, due to which, the demand for BFSI security solutions has witnessed traction in the past couple of years.

Component and Technologies Used in BFSI Security

• Access Control Systems
• Cloud Based Services
• Physical Security Software
• Surveillance Systems

BFSI Security Market: Drivers and Restraints

In the current changing world of information technology, banking and financial institutions are facing privacy issues due to increased data theft and unauthorized accesses. In BFSI sector, there is always existence of both internal and external threats with increased adoptions of ATMs and online banking solutions. As security breach of customer’s financials can hamper brand image of a particular financial institution, there necessity of safeguarding physical assets and continuous monitoring of banking data driving the growth of the market. However, the initial investment required to set up the security infrastructure is one of the challenge for the growth of this market.

BFSI Security Market: Segmentation

Segmentation of business BFSI Security market on the basis of systems and components:

Video Surveillance

Video surveillance is used for monitoring activities inside out of the organization. Physical security has become necessary for banking and financial institutions to combat pilferage to theft related activities. This has created increase in demand for video surveillance solutions in the BFSI industry.

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Access Control

Access control is deployed for both physical security as well as information security. Access control systems seamlessly work against any unauthorized access. Access control solutions includes web-based access control, managed access control, control panel, visitor management systems, readers, and credentials.

Intrusion and Fire Detection

Intrusion detection systems inspect all the inner and outer network activities and identifies suspicious pattern to indicate data breach attempt in the system. Fire detection system is a combination of various devices which work seamlessly to counsel end-users from any threat of fire.

Physical Security Information Management (PSIM)

Physical security information management is a software that act as a standalone platform for integrating multiple unconnected security application and devices. It controls them using single user interface.

Regional Overview

Asia-Pacific is witnessing rapid growth in the adoption of BFSI security solutions. With respect to this trend, various security vendors such as Honeywell International Inc. and Cisco System Inc. are expanding their business in this region in order to increase its market share in this market. Besides, the Asia-Pacific market is world’s fastest growing economy and soon is expected to be largest wealth market with the increase in private banks and financial instructions in countries such as China and India. In India, according to the data released by The Reserve Bank of India (RBI), the total number of bank accounts in India are around 600 million, out of which 25 million bank accounts holder are active users for mobile banking applications. North America has observed increased data breach attacks against BFSI industries in the recent past. The banking and financial institutions are promoting the use of digital wallet which is in turn is raising the risk of security for consumer’s data.

Cisco Systems Inc., Honeywell International Inc., Computer Science Corporation (CSC), IBM Corporation, and Symantec Corporation are some of the key players of global BFSI security market.

The report covers exhaustive analysis on

BFSI Security Market Segments

• BFSI Security Market Dynamics
• Supply & Demand Value Chain
• BFSI Security Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• BFSI Security Market Drivers and Restraints

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Regional analysis for BFSI Security Market includes development of these systems in the following regions

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• Japan
• 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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The dishwasher market is estimated at US$ 34,194.8 Mn in 2022 and is projected to reach US$ 58,409.6 Mn by 2032, at a CAGR of 5.5% from 2022 to 2032. Share of dishwasher market in its parent market (house appliance market) is approximately ~2%-6%.

The Internet of Things (IoT) has risen in popularity among residential users as a result of the benefits gained by connecting household goods to the Internet. IoT connects products, software algorithms, services, and end users, allowing data to flow freely and making real-time choices easier. It has been shown to increase the quality and consistency of automation systems

Several large-, small-, and mid-size firms across the U.S. are aggressively investing in the IoT industry. With most businesses switching to IoT, it’s expected to have an impact on a variety of industries, including lighting, HVAC, healthcare, security, and entertainment.

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Key Takeaways from Market Study

• Increasing Internet penetration and consumer enthusiasm toward connected devices are laying the foundation for the growth of the U.S. dishwasher market.
• The market is currently experiencing a shift in consumer preference from conventional to smart dishwashers.
• As per the analysis, sales of dishwashers in the residential category are expected to reflect high growth.
• Built-in dishwashers account for around half of the overall market share in the United States.

“The dishwasher market in the U.S. has gone through a significant transformation, from a functional product to a stylish one. Consumers prefer varieties of a product category for different reasons. Manufacturers are therefore launching different dishwasher offerings to cater to this factor,” says an analyst at Persistence Market Research.

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Key Market Players

The report highlights important trends in the competitive scenario of the dishwasher market in the United States, along with the highlights of differential marketing strategies used by players in the market. Established players in the U.S. market account for 60% to 65% market share.

Some of the key players identified across the value chain include BSH Home Appliances Corporation, LG appliance, Whirlpool Corporation, Electrolux AB, Haier America Company LLC, and IFB Industries Limited, among others.

The baby changing station market is likely to register a CAGR of 4% during the forecast period, and is anticipated to reach a market share of US$ 26.29 Bn in 2032, from US$ 17.08 Bn in 2021, as consumers are conscious about the health and hygiene of the infants.

Baby changing station is basically wall mounted in a horizontal or vertical position designed for being opened and shut with one hand for the babies to generally change the diapers in the public rest rooms for the convenience of mothers and fathers. Baby changing station market are gaining popularity around the globe owing to growth of baby care market and importance of health and hygiene of infants in the public places like movie theatre, malls, restaurants, hotels.

In the year 2016, US government brought the new act named as The BABIES Act, which speaks about both men and women requires the baby changing stations in the rest rooms and in publicly accessible federal buildings. Baby changing stations market is growing due to the development of economies related to newly born babies and involvement of government and FDA regulations regarding the product in the market.

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There is a continuous improvement by the key players of the market in the baby changing stations as per the FDA guideline and regulations on the product categories.

Baby Changing Station Market: Market Dynamics

Consumers are conscious about the health and hygiene of the infants and due to which there is a rise in demand of the baby changing stations in the public places. It started when family initiated taking their small children for grocery shopping or to the entertainment venues and every family wanted a sanitized and hygienic place where they can change the diapers for their children. However, there is a rise in growth of baby changing station market.

Businesses such as departmental stores, restaurants, and entertainment venues understand the importance of consumers coming to these places with babies and their requirements due to which there is rise in the installation of baby changing station on these places. However, not only in women’s restroom but also men’s restroom requires such baby changing station and due to which countries like U.S. has new regulation to incorporate this around the country.

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Large retailers around the world are equipping these stations in both men’s and women’s restrooms, as, like handicapped stalls, a baby changing station is a sign that the business cares about its customer and that is one of the growth factor of baby changing station in different regions.

Baby Changing Station Market: Regional Outlook

The baby changing station market is expected to register a healthy growth across all the geographies during the forecast period. The health and hygiene along with expanding baby care industry across the globe likely to push market for baby changing station. The emerging economies are expected to create significant demand for baby changing station as there is growth in the entertainment and shopping industries which is driving the growth of such products.

The South Asia and East Asia collectively represents a considerably high market share for baby changing station, and the baby changing station market is expected to grow at a significantly high growth rate due to the increasing population and changing habitats. China and India’s developing market is expected to have a positive impact on the growth of the baby changing station market. North America is a growing market due to new Act and FDA regulations for the baby care products which is likely to boost the baby changing station market.

Baby Changing Station Market: Key Players

Some of the major players in the baby changing station market are Koala Kare Products, Mediclinics SA, GENWEC Washroom Equipment and Company, American Specialties, Ecolab, Continental Commercial Products (Katy Industries), GENWEC Washroom Equipment and Company, Lovair, Foundations among others.

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

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The Baby Changing Station market report covers exhaustive analysis on:

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

The Baby Changing Station regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
• South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
• East Asia (China, Japan, South Korea)
• Oceania (Australia & New Zealand)
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Baby Changing Station 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 for Baby Changing Station provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Baby Changing Station market report also maps the qualitative impact of various market factors on market segments and geographies.

Baby Changing Station Market: Market Segmentation

The baby changing station market is segmented into different parts based on the product type, end use, material type and geography.

Based on product type, the baby changing station market is segmented into:

• Horizontal Baby Changing Stations
• Vertical Baby Changing Stations

Based on end use, the baby changing station market is segmented into:

• Daycare Centers
• Hospitals
• Hotels & Restaurants
• Shopping Malls
• Departmental Stores
• Movie Theatre
• Others

Based on material type, the baby changing station market is segmented into:

• High-density polyethylene
• Stainless Steel
• Plastic
• Aluminium
• Others

The Baby Changing Station Report Highlights:

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

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.

Contact:

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Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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United Arab Emirates
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For Media Enquiries: press@futuremarketinsights.com
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