Mobile Phone Accessories Market to Grow at a CAGR of 6.7% through 2031, Reaching US$ 166 Billion.

The  mobile phone accessories market  is valued at US$ 86.6 Billion in 2021. The market is likely to grow at a CAGR of 6.7% through 2031, reaching US$ 166 Billion.

The increasing application of mobile phones and the expansion of 5G technology to ease operations and help in the smoother functioning of these devices are expected to have significant impact on mobile phone accessories market.

A Future Market Insights (FMI) analysis projects that by 2021, the market would be worth more than US$ 86.80 Bn.

The demand for mobile phone accessories has quickly increased as a result of the adoption of IoT in homes, and this trend will likely continue in the near future. The introduction of 5G technology will increase demand for mobile phone accessories that support augmented reality and virtual reality systems.

The rapid development of 5G technology will enhance the experience of devices linked wirelessly and will significantly increase the demand for wireless connectivity devices

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In addition, growth in smart homes and smart appliances sales has been a complementing factor for mobile phone accessories. The demand for protective cases and covers is expected to be significantly high. Nearly 20% of mobile phone accessories sales are expected to concentrate in this segment.

With the advent of 5G technology, consumers will have a better experience at the usage of smart devices owing to better connectivity and high-speed Internet, which is estimated to fuel the demand for smart devices in the near future.

Key Takeaways from the Mobile Phone Accessories Market Study

  • FMI in its latest study has forecast the market to rise at a CAGR of ~6.7% between 2021 and 2031
  • The U.S. is expected to register impressive growth, accounting for above 78% of overall sales in North America
  • The U.K. is expected to register nearly 4% Y-o-Y growth in 2021
  • The demand from Germany and France is expected to rise considerably in response to the expansion of 5G networks
  • While China will remain leading market in East Asia, the demand from South Korea and Japan too is expected to rise at a swift pace

Increasing Focus on the Miniaturization of Electronic Devices

Companies are focusing on introducing compact electronic components for printed circuit boards. This is intended to enhance the performance of devices such as smartphones as well as reduce the overall production cost.

Moreover, they are expanding their footprint, especially in high-growth markets such as India and China through various mergers and acquisitions. Mobile phone accessories are increasingly adopted for improving the end-user experience of mobile phone users, which has contributed to the growing demand for mobile phone accessories.

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Impact of COIVD-19 & 2020 Market Analysis

The COVID-19 outbreak has encouraged governments and organizations to take exceptional measures to deal with the ongoing crisis. Such measures have led to the implementation of various restrictions on movement and business, transitory closure of organizations, and required physical distancing for extended period of time.

The COVID-19 pandemic has fundamentally reduced worldwide monetary action and has caused critical instability across various sectors. The COVID-19 pandemic and the measures taken by nations in response have adversely affected the mobile phone accessories business across the world.

Who is winning?

Some of the key players operating in the mobile phone accessories market are Samsung Electronics Co. Ltd., Logitech International S.A., Harman International Industries Incorporated, Plantronics Inc., Apple Inc., Sony Corporation, GN Group, Incipio Group, Western Digital Corporation, Kingston Technology Company Inc., Cambridge Soundworks Inc., Bscstore Inc., The Case Factory, TYLT, Ballistic, Moftware Inc., Seidio Inc., Skullcandy Inc., SincoCase International Industrial, Case Mate Inc., and among others. In order to gain competitive advantage, the market players are focusing on product launches. For instance:

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Alternative Retailing Technologies Market Key Segments, Regional Outlook, Top Companies, Forecast To 2026

Modern people prefer to be able to shop anywhere at any time and location at affordable prices and multiple options of delivery. Retailers are expected to offer comprehensive product information, product reviews, and inventory visibility and availability. With technology changing from ecommerce to multichannel retailing.

Omni channel retailing is the latest retailing technology which provides an integrated real time shopping experience to the customers which means that whether a person shops from a desktop or a mobile or a store, the feeling of shopping and the experience will be similar.

Big companies like Starbucks, Disney, and Bank of America among others have adopted Omni channel retailing. New technology like hand held shopping assistance, a palm-size device for in-store shopping is gaining momentum in the global alternative retailing technologies market.

Radio frequency identification technology for tracking items is being adopted to improvise logistics, inventory and also the customer experience.

Technology like self-scanning for speedy checkout of items purchased, 3D view of the products, and point of scale are expanding. Such technology improvements offer retail marketers to develop sales value more effectively.

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Alternative Retailing Technologies Market: Drivers and Restraints

Upgraded service and convenience, enhanced selection and product information drives the global alternative retailing technologies market. Changing behavior of the modern day customers towards shopping experience is one of the key driver for alternative retailing technologies.

The easy mode of payment with in-hand delivery and technology with seamless experience on web mode and in-store provides further impetus for the growth of the global alternative retailing technologies market.

Alternative Retailing Technologies Market: Region Wise Outlook

The alternative retailing technologies market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Japan, Western Europe and North America are expected to register above average CAGRs during the forecast period owing to the advance technologies and awareness about the retail scenario in the regions.

Also, Asia Pacific Excluding Japan, Middle East & Africa markets are projected to grow steadily due to a versatile nature of demand in the market.

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Alternative Retailing Technologies: Key Players

Some of the key players in the global alternative retailing technologies are as follows:

  • Vend Limited
  • RIBA Retail
  • Tulip Retail
  • Seamless Receipts
  • IBM

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, BENELUX)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, Rest Of Middle East & Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

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Alternative Retailing Technologies Market Segmentation

Segmentation based on online technologies:

  • Online 3-D virtual store
  • Online shopping site
  • Online store information site
  • Interactive printing

Segmentation based on in-store technologies:

  • Tablet Technology
  • Wireless voice communication
  • Guest internet access
  • In-store kiosk
  • Hand-held shopping assistant
  • Body scanning

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

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Household Care Wipes Market to Grow at a CAGR of Around 6.2% During the Assessment Period 2032

The Household Care Wipes Market is expected to reach US$ 7.8 Bn in 2032, growing at a CAGR of 6.2% during the forecast period 2022-2032.

Nowadays, the basic need for cleanliness is high among people, worldwide. Thus, there has been a significant increase in the demand for household cleaning products, globally. The growth of such household care products in the market is evident with their popularity among consumers.

The appeal of household care products among consumers is primarily driven by convenience, disposability, and ease of use to clean surfaces all around the home. Household care wipes are one such product that offers hygiene and allows the consumer to perform daily tasks in significantly less amount of time.

Companies in the household care wipes market are providing a variety of products for both, regular and scrubbing surfaces. Moreover, companies are adopting advanced wipe technology to offer convenient solutions, along with developing a botanical alternative to conventional household care wipes for their end-use customers, globally.

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The rapidly growing hygiene trend, new product launches, increasing demand for all-purpose disinfectant household care wipes, steadily growing digital platforms to distribute products directly to end-use consumers, and companies expanding their eco-friendly cleaning product lines by introducing biodegradable cleaning wipes are the main factors that are expected to shape the growth of the household care wipes market in the coming years.

Additionally, retailers are increasingly launching their brands to stand out from the competition in the quest of being a powerful brand differentiator. Also, the rising emphasis on do-it-yourself and the growing demand for clean label products when it comes to cleaning with a substance made from recyclable chemicals and renewable resources are some other factors expected to fuel the growth of the household care wipes market during the forecast period.

However, green household care wipes are more expensive as compared to the conventional products available in the market, owing to the high cost of technology needed to develop green label household care wipes, which may hinder the growth of the household care wipes market during the forecast period.

Household Care Wipes Market: Key Players

Some of the key players operating in the global household care wipes market are The Clorox Company, Procter &?Gamble Corporation, Weiman Products, LLC, Colgate-Palmolive Company, Seventh Generation, Rockline Industries, Amway, Nice-Pak Products, Inc., S. C. Johnson & Son, Inc., Method Products, pbc, Reckitt Benckiser Group PLC, 3M Company, and others.

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Household Care Wipes Market: Key Developments

Over the last few years, various companies have introduced novel and eco-friendly household care wipes for all the major cleaning categories based on natural fibers and compostable. For instance, a San Francisco, CA-based company has introduced floor cleaning cloth developed from polylactic and bamboo to meet the growing demand for eco-friendly products among consumers.

Changing consumer buying behavior, growing brand loyalty among consumers, and various brands in the household care wipes are adopting marketing strategies such as the use of celebrities to endorse their brand to attract new consumers are some of the leading factors driving the growth of the global household care wipes market.

Moreover, other factors such as consumers demanding products that have a value proposition to them over other cleaning methods, and the growing trend of a green environment among consumers to minimize landfills are expected to contribute to the growth of the household care wipes market during the forecast period.

Opportunities for Market Participants

The growing demand for nonwovens used in a multitude of household applications such as household care wipes, cleaning products, floor care wipes, wall-coverings, flooring, and others to impart an appealing touch to the home are factors, due to which, household care wipes market revenue is expected to grow at a rapid growth rate over the forecast period.

Similarly, consumers of household care wipes are opting for private label products. Moreover, e-Commerce is a vital platform that is expanding at an unprecedented rate across the globe. People from every age group are shopping from different online stores to buy products immediately, which is the primary factor creating an opportunity for various companies dealing in household cleaning products to go digital so as to expand their market footprints.

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

The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges in the Household Care Wipes Market
  • Competition & Companies Involved in the Household Care Wipes Market
  • Technology
  • Value Chain
  • Market Drivers and Restraints of the Household Care Wipes market

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
  • Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Eastern Europe, Rest of Europe)
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan ( Greater China, India, South Korea, ASEAN Countries, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

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About FMI:

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

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Anechoic Chamber Market 2022–2032 Global Analysis, Size, Share, Incredible Growth, Detailed Industry Analysis and Business Prospects | FMI

Another salient factor contributing to the market expansion is the increasing need for testing electronics. Moreover, the growing demand for anechoic chambers for electromagnetic compatibility pre-compliance testing and the rising application of industry-specific customized anechoic chambers are other vital factors bolstering the industry in the forecast period.

On the contrary, increasing incidents of errors and high expenses involved in electromagnetic compatibility testing are expected to hinder the market growth in the forecast period. Also, increased lead time for overseas qualification assessment is another cause likely to hamper the industry growth in the coming time. However, the emergence of 5G technology and the growth of hybrid as well as electric vehicles have been projected as the upcoming trend in the market during the forecast period.

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List Of Key Players Covered in Anechoic Chamber Market are:

  • ESCO TECHNOLOGIES
  • TDK CORPORATION
  • MICROWAVE VISION GROUP
  • FRANCONIA GROUP
  • ECKEL INDUSTRIES

Key Takeaways:

  • The global anechoic chamber market to value USD 1.2 Bn in 2021
  • The global anechoic chamber market to expand at 21.7% during the forecast period
  • The global anechoic chamber market to procure USD 2 Bn
  • IT & Telecommunication to expand at a 4% growth rate
  • The US market to garner 700 Mn while recording a 3.5% CAGR during the forecast period

“Ongoing efforts for the development and commercialization of 5G technology across the globe is anticipated to be the major contributor to market expansion. Such efforts by various nations are offering various opportunities for the chamber since it is used for testing 5G testing transmission antennas through EMI/ RF/ EMC testing,” says an FMI analyst.

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Competitive Landscape

Key players in the global anechoic chamber market ESCO TECHNOLOGIES, TDK CORPORATION, MICROWAVE VISION GROUP, FRANCONIA GROUP, and ECKEL INDUSTRIES, among others.

Recent developments among players are:

  • In January 2022, Audio-Technica Fukui Co., a Japanese company, disclosed its electromagnetic anechoic chambers which would measure the radio waves emitted by devices like wireless earphones and microphones at very high precision so that the company could be sure about their compliance with each country’s different radio emission standards.
  • In 2020, Mphasis, an IT solution provider specializing in cloud and cognitive services, announced the opening of a state-of-the-art Hi-Tech Wireless Chamber in Banglore, India. The chamber is equipped with Radio Frequency Shielding for IoT, Wi-Fi, and 5G, allowing Mphasis to deliver advanced testing and certification services for these technologies.

More Valuable Insights

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

The study reveals essential insights on the basis of type (semi anechoic chamber, full anechoic chamber) and application (automotive, military and defense, it and telecommunications, consumer appliances and electronics, medical, others), across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America).

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Detailed Table of Content:

  • Executive Summary
    • Global Market Outlook
    • Summary of Statistics
    • Key Market Characteristics & Attributes
    • Fact.MR Analysis and Recommendations
  • Market Overview
    • Market Coverage / Taxonomy
    • Market Definition / Scope / Limitations
  • Market Risks and Trends Assessment 
    • Risk Assessment
      • COVID-19 Crisis and Impact on Anechoic Chamber Demand
      • COVID-19 Impact Benchmark with Previous Crisis
      • Impact on Market Value (US$ Mn)
      • Assessment by Key Countries
      • Assessment by Key Market Segments
      • Action Points and Recommendation for Suppliers
    • Key Trends Impacting the Market
    • Formulation and Product Development Trends
  • Market Background and Foundation Data Points 
    • Global Protective Coatings Market (US$ Mn)
    • Anechoic Chamber Market Opportunity Assessment (US$ Mn)
      • Total Available Market
      • Serviceable Addressable Market
      • Serviceable Obtainable Market
    • Market Scenario Forecast
      • Demand in optimistic Scenario
      • Demand in Likely Scenario
      • Demand in Conservative Scenario
    • Investment Feasibility Analysis
      • Investment in Established Markets
        • In Short Term
        • In Long Term
      • Investment in Emerging Markets
        • In Short Term
        • In Long Term
    • Forecast Factors – Relevance & Impact
      • Top Companies Historical Growth
      • Global Protective Coatings Market Growth
      • Anechoic Chamber Adoption Rate, By Country
    • Market Dynamics
      • Market Driving Factors and Impact Assessment
      • Prominent Market Challenges and Impact Assessment
      • Anechoic Chamber Market Opportunities
      • Prominent Trends in the Global Market & Their Impact Assessment
  • Key Success Factors 
    • Manufacturers’ Focus on Low Penetration High Growth Markets
    • Banking on with Segments High Incremental Opportunity
    • Peer Benchmarking

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About Future Market Insights (FMI)

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

Contact:

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Modular Self-Contained Aisle and Racking Systems Market Latest Trends, Demand, Growth, Opportunities & Outlook Till 2026

Modular self-contained aisle and racking system is all in one solution for a company to manage its respective operations. Growing complexion in data storage servers and inventory system is a crucial issue that can be minimized by modular self-contained aisle and racking system.

Modular self-contained aisle and racking system is used in food and beverage industry, IT industry, agricultural industry, import export industry, retail industry, manufacturing industries and others including pharmaceutical industry.

Modular self-contained aisle and racking system market is growing and is also anticipated to grow at a significant rate worldwide in terms of value.

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Modular Self-Contained Aisle and Racking Systems Market Segmentation

On the basis of application, global modular self-contained aisle and racking system market is segmented into supermarket and hypermarket, import export facilities, 3rd party logistics centre, agricultural, food manufacturing industries, online retail industry, petroleum, chemical and paint industry, Information technology (IT) industry and others includes dairy facilities grocery storage.

Supermarket and hypermarket use modular self-contained aisle and racking system to manage its inventories in a proper way. Online retailers generally do not keep all its products offerings, however, many online retailers have their own inventory system with proper modular self-contained aisle and racking system management.

Medium and large size information technology (IT) also use modular self-contained aisle and racking system to maintain systems including servers and other database.

On the basis of size of modular self-contained aisle and racking system, the market is segmented into large, medium and small. Large online retailers and IT companies uses large modular self-contained aisle and racking system for maintaining inventories and servers respectively.

Supermarket and hypermarket generally use medium size modular self-contained aisle and racking system.

On the basis of functionality, modular self-contained aisle and racking system market is segmented into hot modular self-contained aisle and racking system and cold modular self-contained aisle and racking system.

For instance, IT industry requires cold modular self-contained aisle and racking system in order to keep cool its systems including servers.

Geographically, global modular self-contained aisle and racking system market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan. North America and Western Europe holds significant market share in the global modular self-contained aisle and racking system in terms of revenue.

Asia Pacific and Latin America market for modular self-contained aisle and racking system are highest growing market in terms of revenue. 

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Modular Self-Contained Aisle and Racking Systems Market Dynamics

Modular self-contained aisle and racking system market is driven by the industrial and infrastructural development of IT industry, agriculture industry, retail industry and others.

Modular self-contained aisle and racking system market is also driven by Modular self-contained aisle and racking systems’ benefits.

For instance, modular self-contained aisle and racking system offers more space than the traditional racking systems, also it has no waste vertical space. In modular self-contained aisle and racking system products can be stored regardless of shape.

However, there is some cost associated with the purchase and maintenance of modular self-contained aisle and racking system.

Modular Self-Contained Aisle and Racking Systems Market Key Players

Some key players in the modular self-contained aisle and racking system market are Contag GmbH, Emerson Electric Co., Direct Net, Inc. and others.

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Regional analysis for Modular Self-Contained Aisle and Racking Systems 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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

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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Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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Agile Application Life-Cycle Management Market Analysis by Size, Rising Demand, Business Growth Factors 2027

Agile application life-cycle management is gradually becoming a key to innovation, and becoming a norm to drive dynamic, modern software delivery solution. This transition is happening as large vendors are offering options for smarter products and internet of things.

Agile application life-cycle management is essentially beneficial for organizations that need to provide speedy delivery of solutions and need to provide continuous release of builds during the entire life-cycle of any product or software solution.

One added benefit of agile application life-cycle management is that it is built on an open framework/architecture, hence it has the flexibility of adding more functions during the entire development lifecycle.

In addition to this, agile application life-cycle management is receptive to change and can create correlations between organizations, people and development strategies.

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Agile Application Life-Cycle Management Market: Drivers and Challenges

One of the major driving factors of agile application life-cycle management is the increasing levels of globalizations of industries, which makes it essential for every organization to have a strong life cycle management solution in place.

Also, due to rising demands of customer and continuous up gradation of technologies, clients usually demand for customization of product/ solution in between development lifecycle.

Hence, adoption of agile application life-cycle management by companies is on the rise as the companies making use of this technology are able to offer interim builds to their client and also update the features as and when required.

Agile Application Life-Cycle Management Market: Recent Contracts/Deals and Acquisitions

Few of the companies in Agile Application Life-Cycle Management market are: Hewlett-Packard Development Company, L.P., Electric Cloud, Inc., IBM Corporation, Changepoint Corporation, Atlassian Corporation, CA Technologies, Inc., Microsoft Corporation, and VersionOne, Inc. These companies are continually in the process of updating their offerings and service portfolio.

Agile Application Life-Cycle Management Market: Regional Overview

Agile Application Life-Cycle Management market is currently dominated by North America region owing to technological advancements and level of automation in the region; especially by US and Canada.

Europe agile application life-cycle management market follows next as various industry verticals such as transportation and automation industry are realizing the importance of this technology over conventional product lifecycle management.

APEJ region is fast picking up pace in the agile application life-cycle management market owing to increase in demand of agile process over conventional life-cycle management.

The report covers exhaustive analysis on

Agile Application Life-Cycle Management Market Segments

  • Agile Application Life-Cycle Management Market Dynamics
  • Historical Actual Market Size, 2013 – 2015
  • Agile Application Life-Cycle Management Market Size & Forecast 2017 to 2027
  • Value Chain
  • Agile Application Life-Cycle Management Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Agile Application Life-Cycle Management Market Drivers and Restraints

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Regional analysis for Agile Application Life-Cycle Management Market includes development of these systems in the following regions

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

Agile Application Life-Cycle Management Market: Segmentation

Segmentation on the basis of component:

  • Software
  • On-premises
  • Cloud based
  • Services

Segmentation on the basis of services:

  • Consulting
  • Professional
  • Operations
  • Maintenance

Segmentation on the basis of end-user:

  • BFSI
  • IT and Telecommunications
  • Healthcare
  • Retail
  • Energy and Utilities
  • Transportation
  • Others

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

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Automated Parcel Delivery Terminals Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2022 | Says FMI Analyst

According to a market study, the global market for automated parcel delivery terminals market is expected to reach US$ 639.9 million in 2021 and US$ 2.0 billion in 2032, growing at a compound annual growth rate of 10.9% from US$ 720 million in 2022.

It is anticipated that e-commerce and internet usage will grow faster than the market’s adoption of automated parcel delivery systems. In recent years, the market has grown due in part to global digitization, the promotion of cashless transactions globally, the expansion of the logistic industry, and others.

“The switch from B2B to B2C operations and the adoption of hardware-as-a-service offer a practical way to launch parcel terminal operations, spurring the growth of automated.

The expansion of e-commerce businesses and internet penetration is expected to outpace the market’s increase in the use of automated parcel delivery systems. Global digitization and the promotion of cashless payments around the world, as well as the expansion of logistics businesses, have all contributed to the market’s growth in recent years.

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According to industry estimates, the global market for automated parcel delivery terminals will reach US$ 720 million by 2022 and is expected to reach US$ 2 billion by 2032, with a CAGR of 10.9 percent from 2022 to 2032.

With the growing adoption of innovative distribution channels, market participants are experiencing new methods of parcel delivery. E-commerce firms, retailers, and manufacturers are collaborating to meet consumer demands in real time while reducing operational costs.

Companies are integrating technological advances such as proactive maintenance, facial recognition, remote monitoring, and IoT-based services to provide personalised service to customers. All of these factors are driving market growth for automated parcel delivery terminals.

Key Takeaways:

  • The market value of automated parcel delivery terminals was US$ 639.9 Mn in 2021 and is projected to reach a value of US$ 720 Million in 2022 with a CAGR of 10.9% during the forecast period.
  • Indoor Terminal automated parcel delivery terminals segment to expand at a CAGR of 10.5% during the forecast period.
  • In the forecast period, the shipping and logistics firm is expected to grow at a compound annual rate of 11.3%.
  • In the U.S., the market is predicted to reach US$ 142.3 Million while growing at a CAGR of 19% during the forecast period.
  • Japan is expected to reach a CAGR of 17.5% during the forecast period between 2022 and 2032.

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“Innovative APMs are being rapidly expanded as part of the long-term goal by vendors in order to establish a nationwide network of APMs and parcel pick-up sites at partner shops in the future, which will help to expand the market.” 

The convenience of on-time delivery, hassle-free returns, and growing consumer interest in online shopping will drive the market for automated parcel delivery terminals. Global greenhouse gas emission effects and increased traffic on the road are driving growth in the automated parcel delivery terminal market.

To improve service efficiency and minimize carbon emissions, electric and battery-powered autonomous vehicles are introduced in logistic businesses. Thus, during the forecast period, the advancements in parcel delivery terminals will be driven by improvements in packaging and distribution channels.

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Additionally, smart lockers and delivery terminals are in demand due to internet access, smartphones, and the IoT (Internet of Things). The smartphones provide great ease in verifying, tracking, and streamlining transactions. In addition to the automated terminals, these automated systems are also equipped with POS systems that further simplify the process of paying the bills.

As another aspect, the volume of parcels that are required to be delivered in all cities has grown dramatically over the past few years. It is expected that urbanization and digitization of the parcel delivery industry will continue to shape this industry in the future.

Despite the rise in cross-border transport services and the entry of new market players, the market for automated parcel delivery terminals is expected to be dominated by new players in the future years. The market is characterized by increasing consumer demand for faster delivery, which, in turn, is forcing e-commerce, the food, and retail industries to increase their speedy delivery initiatives.

In the past few years, advancements in technology and digital business processes have accelerated automated market-based delivery processes. Additionally, the development of drones that can deliver packages on time in difficult terrain should allow for automated parcel delivery terminals to enter the market, which will increase the possibilities for logistics companies.

This will improve the quality of the service and make it more efficient and reliable in the market.

Competitive Landscape

Key Players that have been profiled in the report are Keba AG, Cleveron Ltd., Neopost group, Smartbox Ecommerce Solutions Pvt.Ltd., Winsen Industry Co., Ltd., InPost, TZ Ltd., ByBox Holdings Ltd., ENGY Company and Bell and Howell, LLC. Innovative products and technologies will allow customers to benefit from new technologies.

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About Future Market Insights (FMI)

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

Contact:

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All Flash Array Market Growing at a CAGR of 15.4% from 2022-2032, to be Valued at US$ 85,990 Million

All-flash arrays are known to provide advanced data management services that are beyond the scope of spinning media. They consume less power and produce less heat. Thus, they do not need as much cooling as standard hard disk drives.

Therefore, the need for air conditioning in data centers is reduced. All-flash arrays come incorporated with all the advanced features that an enterprise might need. Some of these features include replication, snapshots and data reduplication.

The global all flash array market is projected to reach US$ 20,545 million in 2022 and US$ 85,990 million in 2032, increasing at a CAGR of 15.4 percent.

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All Flash array is more expensive than spinning disk, but the development of multi-level cell flash has lowered the price of solid state drives. Multi-level cell flash is slower and less durable than single-level cell flash, but companies have developed software that improves its wear levels to the point where multi-level cell is acceptable for enterprise applications. Single-level cell flash still remains the choice for applications with the highest input/output requirements, however.

All Flash Array Market: Drivers and Challenges

Few of the all flash array market drivers are that they are easy to manage, hence there are no restrictions on the way logical volumes are created. All flash arrays are physically smaller in size, and thus the overall rack count is smaller.

In addition to this, all flash arrays are easy to install and maintain, which reduces the maintenance cost for the enterprise. Also, all flash arrays transfer data at a much faster rate in comparison to other hard disk drives; which is another major driving factor of all flash array market.

Few of the challenges faced by the all flash array market are that during an unexpected drive failure, it would become more difficult to recover data than with standard disks. Hence, proper backup and mitigation plans should be made by the enterprises. Further, all-flash arrays cost a bit more, simply because flash is costlier than spinning media.

All Flash Array Market: Key Market Players

Few of the companies in all flash arraymarket are: IBM Corporation, NetApp, Inc., Kaminario, Inc., Hewlett Packard Enterprise, Dell Inc., Hitachi, Ltd., EMC Corporation, Seagate Technology LLC, SanDisk Corporation and Pure Storage, Inc. These companies are focused towards innovating and updating their existing product offerings in order to increase their market share in all flash array market.

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All Flash Array Market: Regional Overview

All Flash Arraymarket is currently dominated by North America region owing to technological advancements in this region. Europe all flash array market follows next as various end user industry verticals are realizing the importance of all flash array.

Asia Pacific all flash array market is growing at a comparatively high rate owing to enterprises realizing the importance of all flash array.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to market segments such as geographies, application, and industry.

Regional analysis includes:

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

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

All Flash Array Market: Segmentation

Segmentation on the basis of storage system:

  • Direct-attached storage
  • Network-attached storage
  • Cloud storage
  • Unified storage
  • Storage area network
  • Software-defined storage

Segmentation on the basis of enterprise:

  • SMEs
  • Large scale Enterprises

Segmentation on the basis of vertical:

  • BFSI
  • IT & Telecommunications
  • Government & Defense
  • Transportation
  • Manufacturing
  • Healthcare
  • Retail
  • Energy & Utilities
  • Others

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:

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Car Seat and Accessories Market to Expand at a 4.5% Value CAGR by 2032

The car seat and accessories market forecasted to register 4.5% CAGR during forecast period (2022-2032) and projected to reach US$ 8.3 Bn by 2032. The global automobile industry is well established globally and has been steadily evolving in terms of technology and product offerings to cater to the large customer base around the globe. Moreover, it plays a pivotal role in driving the economic growth of any developing or developed country.

As a globally prominent industry, it is critical that the automotive industry stays ahead of the curve in terms of technology, with ongoing developments in automotive components and products.

Car seats and accessories, regardless of whether they are in the premium or economy class, play an important part in influencing consumer preference when it comes to purchasing an automobile. As a result, automobile manufacturers are paying close attention to constant improvements in the quality and basic material used in the construction of their car seats and accessories.

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Moreover, car seat and accessories have the ability to give a spacious look and appearance to the car, which eventually attracts customers to consider buying or driving the car. Attributing to this, a number of manufacturers in the industry are dedicated to the production of various lines of car seat and accessories in the global market. Several interior designers are also dedicated to customizing car seat and accessories as per customer needs and requirements.

Global Car Seat and Accessories Market: Market Participants

Some of the key players operating in the global car seat and accessories market are Pheonix seating limited, Morrck Ltd., Clek Inc., Britas Römer, RDM Group, Amvian Automotive (Pvt.) Ltd., Diono LLC and Lear Corporation, among others.

Car Seat and Accessories Market: Key Developments

In 2017, Lear Corporation, a key player in the global car seat and accessories market, announced the acquisition of Grupo Antolin’s seating business. Grupo Antolin specializes in the production of various car seat and accessories for North America and Europe markets

In 2018, Britas Römer another marquee player in car seat and accessories launched a new variant of car seat under the brand name of KIDFIX XP SICT and DUALFIX.

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Car Seat and Accessories Market: Key Trends

Prominent car seat and accessories manufacturers have been making several key acquisitions in the view of expanding their business in the global market.

Opportunities for Car Seat and Accessories Market Participants

Over the years, customer perception has been changing with time and new technologies in the market. This factor has also been influencing the global car seat and accessories market. Customers desire to customize their car seat and accessories in accordance with their preference.

Furthermore, families with newborns or toddlers take extra precautions to ensure that their vehicles are equipped with baby care car seats, creating a huge opportunity for competitors in the global car seat and accessory market to gain traction in the baby care or infant care category.

Brief Approach to Research for Car seat and Accessories Market

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, product type, application and sales channel.

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The study is a source of reliable data on

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

Key Segments Profiled in the Car Seat and Accessories Industry Survey

Car Seat and Accessories Market by Product Type:

  • Car Seat
    • Regular
    • Customizable
  • Car Accessories
    • Front seat accessories
    • Back seat accessories
  • Car Alarms and Security Systems
  • Car Floor Liners/Floor Mat and Carpet
  • Car Knob, Levers and Door Products
  • Car Sound System
  • Cas Seatbelts
  • Other Car Seat and Accessories Product Types

Car Seat and Accessories Market by Application:

  • Car Seat and Accessories for Luxury/Premier Cars
  • Car Seat and Accessories for Economical Cars

Car Seat and Accessories Market by Sales Channel:

  • Direct Car Seat and Accessories Sales
  • Indirect Car Seat and Accessories Sales
    • Specialty Stores
    • Online Stores
    • Online Sales

Car Seat and Accessories Market by Region:

  • North America Car Seat and Accessories Market
  • Latin America Car Seat and Accessories Market
  • Europe Car Seat and Accessories Market
  • East Asia Car Seat and Accessories Market
  • South Asia Car Seat and Accessories Market
  • Oceania Car Seat and Accessories Market
  • Middle East & Africa Car Seat and Accessories Market

Frequently Asked Questions

  • What is the anticipated growth of the car seat and accessories market until 2032?
  • Which region is forecast to be the most lucrative for car seat and accessories market growth?
  • Which are some prominent car seat and accessories manufacturers?

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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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Industrial Cyber Security Market to Witness Sales Slump in Long-term Outlook Remains Positive-FMI

During the forecast period, the industrial cybersecurity market is expected to grow at a 7.7 percent CAGR (2022 – 2032). The global industrial cybersecurity market is expected to be worth $20.7 billion in 2022, rising to $43.5 billion by 2032.

The industrial cyber security market is anticipated to grow at a CAGR of 7.7 percent, from USD 20.7 billion in 2022 to USD 43.5 billion in 2032, according to the excellent report from FMI. the factors that are fueling the power industry’s increased demand for industrial cyber security products.

The pandemic caused chaos in the global economy at the start of 2020, causing unprecedented chaos and disruption for organizations and individuals all across the world. The pandemic has resulted in the introduction of a work-from-home option for most employees, posing operational issues for enterprises.

The Internet of Things has made it much easier to do difficult activities and has eased the lives of millions of people. It provides a new approach for contemporary companies to handle, store, and process data in the cloud and data centers.

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Customers, businesses, and communication service providers all interact differently because too smart gadgets. They’ve made it possible to automate and adapt many company procedures. The rising use of smartphones throughout the world has resulted in an increase in the number of networked devices that run on many platforms.

Owners of industrial companies and their personnel underestimate the present and impending possible risks in the industrial control systems environment due to the relative rarity of targeted assaults against automation systems and the excessive dependence on safety measures.

Synthetic assaults are guarded against by industrial control systems. As a result, security goods and software solutions are developed without addressing new risks or the nature of future assaults, as well as without a full analysis and examination of the current threat environment. As a result, real-world dangers are undervalued.

Modern security technologies are used in the industrial sector to prevent cyber-attacks, but attackers create new strategies and processes to get around them. Investments in security defence and detection technologies aid in the development of successful defensive plans, yet, one of the most common causes of breaches is human mistake.

These mistakes occur as a result of employees’ lack of understanding, putting the industrial sector at risk. Advanced cyber-attacks vary in design, but they always target specific network weaknesses and exploit them to get access to company networks. Advanced cyber threats have risen dramatically in recent years, becoming a serious security problem for the industrial sector.

Employee training should be regarded as equally important to properly safeguard industrial facilities from cyber-attacks or cyber threats, in addition to adopting appropriate hardware and software-based security technologies.

In the absence of understanding of the related hazards, every employee who is a member of an organisation constitutes a threat to security. As a result, cyber security training is essential for personnel to comprehend, anticipate, and avoid future dangers before they become more serious. The staff will also be able to implement safe business practices at work as a result of the training.

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North America is expected to have a significant industrial cyber security market share. Significant industrial cyber security market players are mostly responsible for the region’s progress. The North American industrial cyber security market is predicted to rise as key companies increase their investment to extend their global footprint.

During the anticipated period, Asia Pacific is expected to increase at the fastest rate. The adoption of cloud-based security software is a priority for major players. In the manufacturing industry, these nations have a large number of SMEs and startups.

Throughout the forecasted period, Europe is expected to increase at a significant rate. The rise in investment for the expansion of secure IT infrastructure throughout the automotive industry is largely responsible for the region’s success.

KEY TAKEAWAYS:

  • The hardware solutions from the industrial cyber security market are expected to grow at the fastest CAGR of 7.1% in the component sector.
  • Discrete industry is expected to grow at a high rate in the end-use sector of the industrial cyber security market, with a CAGR of 7.6%.
  • The market size for industrial cyber security in the United States is expected to reach US$ 9.7 Billion by 2032, growing at a CAGR of 7.3% during the research period.
  • UK is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market by 2032, with a CAGR of 7.7% during the research period.
  • China’s industrial cyber security market is expected to be worth US$ 3.2 Billion by 2032, with a CAGR of 9.1% over the forecast period.
  • Japan is expected to have a market size for the industrial cyber security of US$ 2 Billion by 2032, with a CAGR of 9.2% during the research period.
  • By 2032, India is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market, with a CAGR of 9.3% during the research period.

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Key Segments

By Component:

  • Hardware Solutions
  • Software Solutions
  • Services

By Security Layer:

  • Network Security
  • Endpoint Security
  • Application Security
  • Cloud Security
  • Wireless Security
  • Others

By End-User Industry:

  • Process
    • Oil and Gas
    • Chemical
    • Food and Beverages
    • Energy and Power
    • Other (Water, etc.)
  • Discrete
    • Automotive
    • Electronics
    • Heavy Manufacturing
    • Packaging
    • Others (Aerospace and Defense, etc.)

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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United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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