Growth, Share, Trends, and Overview of the Codeless Testing Market for the Years 2022–2031

The market will grow as a result of technological developments in the QA testing industry and the newest trends introducing IT field services. Cost optimization is currently among the top goals for businesses worldwide. As a result, software companies think their company should adopt cutting-edge IT practices. Additionally, the emergence of novel technologies has brought about the most recent advancements in software testing, delivery, and design.

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Businesses and industries that are pioneering in business analytics and cloud-based solutions are increasingly focusing on digital transformation. The market for codeless testing is anticipated to increase significantly throughout the projected period as a result of this trend in technological progress.

Software testing and quality assurance will be impacted by changes in software testing techniques. Business spending on software testing has increased, especially in sectors like transportation, energy, and utilities. Unexplored prospects in the market for codeless testing include geographic expansion in developing nations and widespread adoption of model-based automation testing software.

Additionally, there is a growth in demand for codeless testing solutions as a result of the quick technical improvements in the IT and telecom sectors. Modern technologies are now crucial for boosting economic competitiveness.

Key Takeaways: Codeless Testing Market

  • Codeless testing tools solutions are expected to exhibit growth at a high rate of over 20%, CAGR between 2021 and 2031 owing to the adoption of automated testing solutions in SMEs.
  • Small and medium enterprises (SMEs) are likely to exhibit increasing demand for codeless testing at a strong CAGR of above 21% over the assessment period.
  • The market in India is expected to progress at a noteworthy CAGR of more than 25% through 2031, driven by the adoption of cloud-based solutions.
  • The U.S. will account for over 84% of the North American market, supported by the presence of key market players in the country.
  • In the U.K., codeless testing sales are expected to increase at a CAGR of close to 16% over the next ten years, driven by applications in the research sector.

COVID-19 Impact Analysis on Codeless Testing Market

The COVID-19 pandemic has sped up the growth of the codeless testing business, which has been made possible by applications in online banking, e-commerce, and mobile applications for healthcare, entertainment, and other purposes to improve customer experience and speed up delivery times.

Due to the pandemic’s acceleration of the work-from-home trend, codeless testing solutions have seen significant development opportunities in several remote software applications while preserving IT infrastructure.

Additionally, the government-imposed nationwide lockdown has led many businesses to adapt digital and internet platforms into their business models to preserve continuity in services. So, from 2019 to 2021, the market for codeless testing is anticipated to expand by 10% to 13% YoY.

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More Valuable Insights on Codeless Testing Market

The codeless testing market report from FMI is divided into five main categories: solution (codeless testing tools and services – testing & QA services, consulting services, integration & implementation, and support & maintenance), application (API testing, mobile app, desktop app, and web app), enterprise size (SMEs and large enterprises), industry (IT & telecom, BFSI, retail, healthcare, government, education, manufacturing, travel & hospitality, media & entertainment), and geography.

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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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Access Control Market Size | COVID-19 Impact Analysis | Forecast to 2031

According to a Future Industry Insights (FMI) analysis, the global access control market will generate US$15.3 billion in revenue in 2021. The whole market is anticipated to reach US$ 50.4 billion by 2031, growing at a CAGR of 12.6% between 2021 and 2031.

According to recently released data on Future Industry Insights’ (FMI) analysis of the access control market, the market would grow at a CAGR of 12.6% from 2021 to 2031, with revenue reaching US$ 15,371.0 Mn by the end of 2021. Fast inventive advancements in the IT and telecom industries are credited with fostering development. Modern improvements are now crucial to improving financial intensity, which is driving company sector growth.

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The market is expected to be driven by how well access control systems are received across various industrial verticals. Modern organizations are increasingly concerned about data and information security to protect their data and other digital resources against threats.

The COVID-19 epidemic has had an impact on every sector, prompting organizations to go digital to protect information and resources. Companies that invested in sophisticated change initiatives in the past have emerged stronger during emergencies. The resurgence of the Coronavirus infection has put networks and organizations under stress, making the use of actual security frameworks less effective than other ways to deter crime.

With the emergence of distributed computing and remote access offices, the security industry has experienced rapid transformation, which will likely increase demand for access control systems shortly. In comparison to the 8.1 percent CAGR recorded from 2016 to 2020, access control deals are predicted to increase at a 12.6 percent CAGR between 2021 and 2031.

In contrast to the previous decade, the security and controls market has altered due to the rapid expansion of distributed computing and access control. Emerging cloud-based technologies offer web- and cloud-based solutions for cost viability, ongoing research, simple information access, integration with various frameworks and programming, information sharing both internally and externally, variety, and adaptability.

Key Takeaways from the Access Control Market Study

  • Iris acknowledgment access control frameworks will observe the most noteworthy development rate at more than 16%, inferable from an interest in new biometric security arrangements through 2031.
  • The medical services area is expected to catch the biggest portion of 19.8% in 2021, upheld by security worries in medical care offices related to the utilization of EMR.
  • The U.S. will stay prevailing in North America with an 84.5% offer in 2021, upheld by quicker admittance to tech improvements in end-use verticals.
  • The market in Japan is relied upon to advance at a significant CAGR of near 17% through 2031, upheld by a tech-driven economy.
  • In the U.K., deals are relied upon to increment at a CAGR of over 15% over the following ten years, driven by positive government ventures and strategies.

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Competitive Landscape

Key vendors of access control solutions are focusing on evolving their existing product and service portfolio. Some major players are Identiv, Honeywell International Inc., NEC Corporation, Johnson Controls, Bosch Security and Safety Systems, Assa Abloy AB, Thales Group, STANLEY Convergent Security Solutions,  Inc., 3M, Secom Co.,  Ltd., Dormakaba Holding AG, HID Global, Matrix Comsec Pvt. Ltd., Paxton Access Ltd., BioEnable Technologies Pvt Ltd., Spectra Technovision (India) Pvt. Ltd., ZKTeco India, Intellicon Private.

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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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Computerized Maintenance Management System (CMMS) Market Business overview, Upcoming Trends, Growth, Analysis and Forecast – 2032

By 2031, the market for computerized maintenance management systems (CMMS) is anticipated to be worth US$2.75 million. The need for CMMS solutions is being fueled by the growing use of asset monitoring solutions in the energy and utility sector as well as the increased demand for CMMS software among small and mid-sized organizations.

Base year (2021) Computerized Maintenance Management System Market Value US$ 1,526.3 Mn
Computerized Maintenance Management System Market Projected year (2032) Value US$ 3,816.6 Mn
CAGR% (2022-2032) 8.8%
Top 5 Vendor Market Share Around 20%

Future Market Insights (FMI), a market research and consultancy organization with ESOMAR certification, provides information about the major variables influencing the demand for CMMS systems in its latest study. The research analyses the effects of COVID-19 on the adoption of CMMS solutions globally, as well as pre-and post-COVID market growth analyses. It also follows the global adoption of CMMS products in 20+ high-growing areas.

Computerized maintenance management systems (CMMS) are predicted to become more popular across sectors as a result of their advantages in lowering maintenance operations costs and unplanned equipment failure. To prevent an out-of-control maintenance backlog, CMMS software permits balancing the resources and maintaining the maintenance expenses. The software records minor fixes that would otherwise go unnoticed and makes it possible to appropriately schedule, assign, and prioritize maintenance work in advance of any significant breakdown.

Every piece of equipment in industrial facilities has a very high cost. It can affect how a firm operates and how much money it makes if any of these machines or pieces of equipment sit inactive for a while. Manufacturing firms greatly benefit from CMMS software. The program guards against equipment breakdown and machine failure. As a result, several established and emerging manufacturing companies are concentrating on deploying CMMS software to coordinate maintenance tasks, avoid machine malfunctions, and plan for future repairs.

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Any firm has to maintain its data. Previously, maintenance information was kept on paper, which was a laborious and boring procedure. The development of technologies led to the creation of CMMS systems. A software program created to streamline maintenance management is known as a computerized maintenance management system. Software for enterprise asset management, or EAM, is another name for CMMS. The program streamlines maintenance operations and centralizes information on maintenance.

For an industry to transition from reactive maintenance to proactive maintenance and finally, to predictive maintenance, CMMS software is essential. Software suppliers will have a tonne of opportunity as a result of the integration of AI and IoT with CMMS solutions, according to FMI Analyst.

A few of the major factors driving the growth of the CMMS market globally include an increase in the number of manufacturing facilities, rising demand for improved maintenance operations, and an increase in the adoption of cloud/web-based technologies. With a share of 30.5 percent, the manufacturing sector will continue to be the biggest end user in the market, followed by the energy and utility sectors.

Key Takeaways: Computerized Maintenance Management System (CMMS) Market

• The global CMMS market is estimated to register a CAGR of 8.7% during the forecast period of 2021-2031
• The U.S. has remained an early adopter of the latest technologies. It also exhibits increasing uptake of CMMS software and services, accounting for over 80% of the North American market
• Expansion of the energy and utility sector will drive sales in the U.K., enabling y-o-y growth at 10.1% in 2021
• China will continue leading the East Asia market on the back of consistently rising manufacturing activities
• Increasing investment in modern technologies will pave way for expansion in India

COVID-19 Impact Analysis on CMMS Market

Individual needs may now be categorized into necessities and non-necessities thanks to the COVID-19 pandemic. Electricity, gas, and water are considered utilities and belong in the first group. Because other industries rely on these to meet the demands of the average person, these industries constitute a crucial component of a country’s economy. Companies in the power, utilities, and renewables (PU&R) sector are constantly working to maintain the availability of their assets and deliver safe, dependable supplies of gas and electricity during the epidemic.

With the help of these capabilities, energy and utility companies may enhance operations, provide crucial communication, and ensure that work gets done even during a pandemic. As a result, during the pandemic, the CMMS market has experienced tremendous growth. The COVID-19 pandemic is expected to have increased lockdown times, which has motivated the energy and utility industries to procure CMMS software during the forecast period.

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Competitive Landscape

IBM Corporation, Rockwell Automation, Maintenance Connection (Accruent), MicroMain Corp., Infor, Hippo CMMS, Limble CMMS, Mobility Work, DIMO Software, MPulse Software, FasTrak SoftWorks, CMMS Data Group, Letosys, QuickFMS, Cryptos, SIERRA ODC Private Limited, PiqoTech Software Solutions Pvt. Ltd., and IFS are a few of the top businesses in the

As market players look to increase their footprint and portfolio, mergers and acquisitions are still in high demand. For instance, in June 2018, Accruent purchased CMMS supplier Maintenance Connection. Accruent’s efforts to assist clients in gaining understanding and making data-driven decisions for multi-site facilities management are now moving even faster.

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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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Report: https://www.futuremarketinsights.com/reports/computerized-maintenance-management-systems-market
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Head Mounted Display Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2031

The head-mounted display (HMD) market is expected to reach a valuation of US$ 104.53Bn by 2031.Growing need for augmented reality/virtual reality (AR/VR) technologies in the gaming industry is securingthe demand for head-mounted displayand othersolutions.Reduced pricing of micro-displays will bode well for the market. Besides this, the increasing demand for mobile-based AR solutions will pave way for growth in the coming years.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for head-mounted displayproducts. The report tracks the global sales of head-mounted display productsin 20+ high-growth markets, along with analyzing the impact of COVID-19 on the global adoption of head-mounted display solutions, along with the pre-COVID and post-COVIDmarket growth analysis.

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Thanks to evolving technology, head mounted displays are making inroads into the healthcare and education sectors. The pace at which the change is happening has accelerated amid COVID-19 outbreak when several schools and institutions around the world were compelled to retreat indoors for a couple of months to contain the spread of the virus.

Sales of both head mounted displays and eyewear surged exponentially amid lockdown and the trend is unlikely to slow down in the near future. According to the report, head mounted displays accounted for maximumsales in the market. The head-mounted segment is estimated to register a CAGR of 24.8% during the forecast period owing to increasing need for fast and reliable evolution between gaming sectors, aerospace, defense and healthcare industry

Key Takeaways: Head-Mounted Display Market

  • .Driven by the rising demand for evolving technology, the head mounted displays market will register over 16% y-o-y growth in 2021
  • The U.S. will emerge as the leading market in North America, accounting for over 79% of sales
  • Demand in the U.K. will rise considerably, enabling y-o-y growth at above 13% in 2021
  • Inclination for advanced technologies and expansion of gaming sector will support growth in Germany and France
  • East Asia will emerge as a highly lucrative market with China at the forefront, followed by Japan and South Korea

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COVID-19 Impact Analysis on head mounted display Market

The effects of the COVID-19 outbreak will extend well beyond health and the threat to human lives. There are already signs that the virus will significantly impact head-mounted displays and AR/VR industry. The epidemic has postponed or cancelled various sporting events for the safety of people and prevention of the COVID-19.

On the flip side,it could positively affectthe demand for VR/AR HMDs in the healthcare sector. Amid the pandemic, various global vendorshave continued to focus on developing and innovating in AR/VR technologiesby launching advanced products like smart glasses, such as by Google and Microsoft.

In COVID 19 pandemic most of the countries went for lockdown. The people got stuck at home for certain period of time and all the sporting events were postponed or cancelled for the same reason. People found AR/VR gaming more entertaining and attractive, as they remained confined at their homes.Thus, the continued innovation in head-mounted displays in AR/VR technologies has resulted in significant growth in the market.

Increasing Demand inHealthcare SectorDriving Growth

HMDs are being used in the healthcare industry for the purpose of medical training, patient treatment, medical marketing, disease awareness.

Using VR headsets, doctors can see the fine details of any part of body in 360° CGI reconstruction & create training scenarios accordingly. VR headsets enable doctors to access the inside view of the body, which is difficult to reach.

According to eInfochips, AR and VR industry will further reachUS$35 billion by 2025, due to its adoption in gaming, education, fashion, healthcare, and entertainment industries.

In healthcare industry the HMDs applications are used for providing surgery training, dentistry simulation, treatment of depression and Post-Traumatic Stress Disorder (PSTD), pain management, addictions, telemedicine, rehabilitation in stroke and in dementia and many more.

With the help of AR/VR headset technology, doctors can able to perform surgeries without getting inside a body of human. The technology increases the level of accuracy and reduce the risk of trauma and complications. VR has major effects on anxiety and PTSD patients. The use of VR headsets helps decreasing the stress level of the patients by giving them the experience of virtual reality.

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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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Report: https://www.futuremarketinsights.com/reports/global-head-mounted-display-market
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Key Players, End User, Demand, and Consumption in the Value-Based Healthcare Services Market by 2031

Governments are putting more of an emphasis on enhancing primary healthcare and educating people about digital health. In recent years, there has been a transition from volume-based to value-based care, which is anticipated to be important for the market growth of value-based healthcare services. A Future Market Insights (FMI) report predicts that the market would surpass US$ 2.09 Bn in 2021. Numerous industrialised and developing nations have already made investments in value-based healthcare services as a result of the epidemic and in general.

The demand for value-based healthcare services is growing as a result of government measures that are forcing healthcare service providers to rely on value-based care. Value-based care is at the forefront of upcoming medical policies and therapies for many nations. For instance, the U.S. government is implementing a value-based care approach nationwide to address a patient’s entire health instead of only responding to disease symptoms.

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Proliferation of value-based healthcare services will be strongly related to its cloud-based deployment. As per FMI, the cloud-based deployment segment is expected to account for around 61% of global market and is anticipated to remain dominant throughout the forecast period.

Key Takeaways of Value-Based Healthcare Services Market Study

  • FMI has predicted the global value-based healthcare services market to rise at a CAGR of ~21% between 2021 and 2031
  • Backed by presence of highly advanced healthcare infrastructure, the U.S. is expected to account for 64% of sales in North America
  • Rising aging population will enable the U.K. exhibit 24.4% y-o-y growth in 2021
  • The demand for advanced healthcare services will boost growth opportunities in France and Germany
  • Government initiatives aimed at improving patient care will fuel demand in China, Japan, and South Korea

COVID-19 Pandemic Impact Analysis

Health concerns are increasing around the world and causing significant business impact due to the on-going COVID-19 pandemic —particularly when it comes to delivering healthcare services. Amid the COVID-19 outbreak, the demand for value based healthcare services has decreased in 2020. In response to the COVID-19 pandemic, cloud service providers are taking special measures to meet the customer demand for cloud usage, due to sudden shift to a remote-first workforce.

According to estimates, almost 70% CIOs agree “cloud services” would become a priority in 2020, and they expect to reduce on-premises workloads to 35% in 2021, as compared to almost 60% in 2019. With this trend to continue, pubic cloud services market revenue is estimated to increase by 1.6X during 2019-2021. Thus the value-based healthcare services market is anticipated to gain back its momentum by second half of 2021.

Assembled Deployment of Solutions to Enhance Market Attractiveness

Significant growth in the wearable devices market is expected to lead to greater opportunities for the integration of IoT in the healthcare sector to develop smarter solutions for patient monitoring and diagnostic purposes. The integration of other connectivity platforms such as Bluetooth, RFID, ZigBee, and HomeRF to connect IoT in healthcare to network infrastructure in households and workplaces.

This way, more IoT sensors in healthcare can be added to the system and remote access distance can be increased. A well-managed IoT services and solutions provider can focus holistically on a healthcare institution and deduce a suitable end-to-end approach. This approach can include device management, connectivity, network management, deployment, and logistics processes for the provider and present lucrative growth opportunities.

Who is winning?

Some of the leading players operating in the market are Deloitte, Siemens Healthcare GmbH, NextStep Solutions, McKesson Corporation, NextGen Healthcare, Genpact Limited, Athena Healthcare, Boston Consulting Group and others.

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More Valuable Insights on Value-Based Healthcare Services Market

In its latest report, Future Market Insights offers an unbiased analysis of the global value-based healthcare services market, providing historical data for period of 2016-2020 and forecast statistics for the period of 2021-2031. To understand opportunities in the value-based healthcare services market, the market is segmented on the basis of model (Accountable care organization (ACO), Patient-centered medical home (PCMH), Pay for performance (P4P), Bundled payments), deployment (cloud, on-premise), end-user (hospitals, clinics, insurance companies, government, others) across six major regions.

Value-Based Healthcare Services Market by Category

Model

  • Accountable care organization (ACO)
  • Patient-centered medical home (PCMH)
  • Pay for performance (P4P)
  • Bundled payments

Deployment

  • On-Premise
  • Cloud

End User

  • Hospitals
  • Clinics
  • Insurance Companies
  • Government
  • Others

Region

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

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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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Report: https://www.futuremarketinsights.com/reports/value-based-healthcare-services-market
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Marine Communication Market 2022 | Present Scenario and Growth Prospects 2032

Marine Communication Market is forecasted to reach US$ 4,420.7 Mn by 2032 and exhibiting a remarkable 7.8% CAGR between 2022 and 2032. Growing focus on seamless and secure marine communication systems will propel innovation in the ensuing decade 2022-2032, with sales set to post strong gains in 2021, according to a latest study by Future Market Insights (FMI). The study tracks marine communication growth in high-growth markets, analyzing lucrative segments and strategies of key players.

2022 Market Value US$ 4,420.7 Mn
2032 Market Value US$ 9,351.4 Mn
CAGR% (2022-2032) 7.8%
Top 5 Vendor Market Share ~30%

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Key Takeaways

  • Maritime sat phone & internet devices segment is estimated to register a CAGR of 10.9% during the forecast period
  • Merchant ships segment will remain lucrative with a market share of 40.4% followed by fishing boats/vessels segment.
  • The rise in popularity of recreational boating is expected to increase the adoption of marine communication systems.
  • South Asia & Pacific marine communication market is set to register high CAGR, owing to the increasing demand of maritime digital data services in the region.

COVID-19 Impact Analysis

The effects of the coronavirus Covid-19 outbreak will extend well beyond health and the threat to human lives. There are already signs that the virus will significantly impact international trade and the shipping industry.

The epidemic has caused the shipping and maritime industry to face the worst circumstances as the workforce in these sectors has been shut down for the safety and prevention of the escalation of COVID-19. The market disruptions due to the coronavirus pandemic has resulted in 5%-7% Year on Year (YoY) decrease in annual maritime communication equipment’s in 2020.

However, amid the pandemic, various governments globally has continued to focus on developing and innovating marine communication technologies by launching advanced marine communication satellites for faster and reliable data transfer between shores and ships. For instance, on September 2020, China has launched its 3rd maritime satellite into space to carry out high-precision maritime environment monitoring. Thus, the continued innovation in maritime communication technologies has resulted in significant growth in the market.

Increasing Demand for VHF-based Data Exchange System

The VHF-based Data Exchange System (VDES) provides a robust and globally standard communication system for e-navigation. It supports the safety and efficiency of ship and shore operations. The reduced cost of deployment and improved communication is creating demand in various countries around the globe.

Moreover, marine electronic vendors are also focusing on offering cost-effective satellite-based communication. For instance, EGNOS, a European satellite-based augmentation service (SBAS), provides correction to GPS signals to increase the accuracy of position information. Thus, the demand for satellite-based communication system is driving the demand, and is fuelling the global marine communication market.

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More Valuable Insights on Marine Communication Market

FMI’s report on the marine communication market is segmented into four major sections such as product (marine radio devices (fixed-mount VHF marine radios, handheld marine VHF radios, MF/HF radios), Marine Multifunction Displays (MFDs), Automatic Identification Systems (AIS) (AIS transponders, AIS receivers), Vessel Monitoring System (VMS) Terminals, Marine Radars, VHF Data Exchange System (VDES), maritime sat phone & internet devices, others) services (consulting services, integration & installation services, and after-sales support & maintenance services), application (fishing boats/vessels, merchant ships, recreational vessels, working vessels, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the marine communication market.

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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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Visitor Management Systems: Market Share, Demand Analysis, Growth, Trends, and Forecast to 2031

According to Future Market Insights, the global market for visitor management systems is anticipated to reach US$ 1.20 billion by 2021. (FMI). The demand for paperless operations in businesses is accelerating the uptake of visitor management systems. The use of logbooks and registers is eliminated by visitor management software, which streamlines the automatic check-in process and automatically registers the data. Digital badges replace printed or RFID cards when used on-site and provide permission for internal access.

The cost of stationery purchases and a dedicated employee at the front desk to keep visitor information up to date are reduced with a visitor management system. Visitor management is growing in popularity since the system can authenticate visitors by issuing unique visitor ID and digital badges.

Banks and other financial institutions are expected to expand at a CAGR of 18.2% over the course of the anticipated year as a result of their emphasis on serving their customers and the large number of visitors they receive every day. The desire to conveniently organize and arrange visits is driving up demand for visitor management solutions.

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Key Takeaways: Visitor Management System Market

  •  The global visitor management system market is estimated to register a CAGR of 15.6% during the forecast period of 2021-2031
  • The U.S. will remain a highly lucrative market for visitor management system, accounting for 85% of the market in North America
  • The U.K. will exhibit 17.3% Y-o-Y growth in 2021, emerging as a key market for visitor management system
  • Germany and France will remain other lucrative pockets within Europe
  • Japan and South Korea will emerge as bright spots for market players in East Asia

COVID-19 Impact to be Positive for Visitor Management System Market

Businesses are accepting reality and changing their business models to take the COVID-19 pandemic’s consequences into account. Organizations are implementing cutting-edge technologies and a range of solutions to guarantee company continuity. Additionally, they are using visitor control software more and more. While being entirely responsible for the safety of its employees, visitors, and contractors, some businesses are now required to welcome additional guests and contractors into their property.

Business security is improved by visitor management software, which also warns of potential risks. It has been created to assist organisations in accepting full responsibility for safeguarding the safety of their personnel, facilities, and intellectual property.

FMI has projected the visitor management system market is estimated to grow around 13% to 15% Y-o-Y from 2019 to 2021.

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Mobile Technology-based Cost-effective Visitor Management System for Smart Offices

By combining the capabilities of mobile technology with inexpensive WiFi modules, visitor management systems offer a practical technological solution for smart businesses. This is a cost-effective way to establish the system for controlling visitors in an office setting. The demand for mobile technology-based visitor management systems is being driven by the growing requirement for greater security and assuring health and safety. In order to send SMS and email notifications, record visitor information, and sign-in for guests and workers using an iPad, the web, or a mobile device, this system is also used.

Who is Winning?

HID Global, Greetly, piLOBI, Ezy Signin, SwipedOn, Envoy, Proxyclick, Vizitor Inc., and Traction Guest are just a few of the major companies in this sector.

For instance, HID Global introduced HID Signo in March 2020 to make it easier for businesses to adopt and manage enhanced security requirements.

Visitor Management System Market Key Segments

Component:

  • Visitor Management Software
  • Services
    • Integration & Implementation
    • Consulting
    • Support & Maintenance

Platform:

  • Web-based (Desktop App)
  • Mobile App

End User:

  • Gated Communities
  • Corporate Offices
  • Healthcare Facilities
  • Hospitality
  • Academic Institutions
  • Real Estate Property
  • Others

Region:

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

Contact:                                        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Report: https://www.futuremarketinsights.com/reports/visitor-management-system-market
For Sales Enquiries: sales@futuremarketinsights.com
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Women’s Luxury Footwear Market is Projected to Continue in the Future Due to Consumers are Highly Concerned About the Look

The global women’s luxury footwear market to reach a value of US$ 30 billion in 2022 and grow at a high CAGR from 2022 to 2029.

The recent past has observed an increased in number of HNWI population in 2021. Globally, HNWI population reached 22.4 million, and their total wealth accounted for US$ 61,275 Bn in 2021.

Europe accounted for high growth rate of HNWI population, with almost 5.6 Mn HNWI population. This leads to high purchasing power of individuals. In addition, growing working women population and women’s labor force participation in regions such as Japan, the United Kingdom, and France help

In 2022, worldwide sales of women’s luxury footwear are mostly contributed by sandals and flats casual as compared to other categories (boots, heels & pumps, and casual, sneakers & sports shoes) in the market.

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Key Takeaways – Women’s Luxury Footwear Market

  • Europe is expected to remain prominent in the global women’s luxury footwear market, owing to high concentration of luxury footwear manufacturers such as JIMMY CHOO PLC, Hermes, Christian Dior, Gucci, Chanel, etc.
  • The sandals & flats segment is considered as key attributor to the global women’s luxury footwear market, which can be attributed to their availability in wide variety of designs.
  • High exposure of consumers in websites such as Amazon, Walmart, etc., with 10% online penetration rate, support online retail in becoming the most lucrative sales channel.

Increasing number of high-net-worth individuals (HNI) led to a surge in demand for custom footwear. Advancements in technology such as 3D printing and advanced sensors would also push manufacturers to introduce innovative shoe designs.

Top Trends in Women’s Luxury Footwear Market

The women’s footwear market contributes high market revenue share as compared to men’s. Changing lifestyle, growing fashion concern, and celebrity endorsement have a significant impact on the global footwear market. The recent market trends in luxury footwear are – sustainable footwear, smart shoes, and athleisure trends. Different types of prints with huge popularity in the past include animal print boots, florals print, minimalist style heels, feather heels, bright chunky sneakers, big toe sandals, etc.

Competitive Landscape Analysis

The report highlights some prominent players in the global women’s luxury footwear market, which include Kering, Burberry, Caleres, Jimmy Choo PLC, and others. Market players primarily focuses on product design and innovation. Maison Baum, a Germany-based luxury footwear manufacturer, launched a pain free high heel in Q1 2019. The company uses its patented footbed technology and an insole with anatomical elevations to shift wearers’ weight from the ball of the foot.

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More Insights on Women’s Luxury Footwear Market

Future Market Insights, in its new offering, provides an analysis of the global women’s luxury footwear market, presenting historical demand data (2014-2022) and forecast statistics for the period of 2022-2029. The women’s luxury footwear market study reveals compelling insights on the basis of product (boots, heels & pumps, sandals & flats, casual, sneakers & sports shoes), material (rubber, leather, polyester, velvet, canvas, textiles, and others), price range (US$) (300-499, 500-699, 700-999, 1000-1299, 1300-1599, 1600 & Above), and sales channel (online and offline [department stores, specialty stores, monobrand stores, off-price stores, others]), across seven major regions.

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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 7-years.

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Wall Decor Market is Estimated at US$ 58.2 Bn in 2022 and is projected to reach US$ 70.9 Bn by 2027

The wall decor market to be worth US$ 58.2 billion in 2022 and US$ 70.9 billion by 2027. From 2013 to 2021, the market expanded at a CAGR of 3.5 percent. Nearly 1% of the whole home decor business is made up of the wall décor sector.

As indicated by a recent intelligence study published by Future Market Insights, the expanding tourism and hospitality sectors continue to play a pivotal role in boosting the consumption of wall décor products worldwide, especially in the commercial sector. Moreover, the evolving structure of interior designing and thereby the growing significance, catalyze the global sales of wall décor and related products.

The market is currently witnessing a thriving trend of introduction of specialty wall décor items that suit distinct consumer segments and demographics, which prompts at a high potential yet relatively untapped opportunity in the market – specifically targeting the premium consumer class. Material and technological innovations are also identified as the prime factors influencing the market performance of wall décor products, according to the report.

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Smaller Market Players to Focus on R&D and Competitive Pricing

Around 40% share of the competitive landscape belongs to organized players, a majority of which are the market players, according to the report.

Although developing regional markets are emerging as high potential territories for investors, the report indicates that a majority of organized players generate more than half of their revenue from markets other than developing regions.

An extensive analysis of competitive strategies adopted by leading competitors in the wall décor landscape reveals that low cost production strategy is likely to help smaller players attain improved market shares. These companies are also projected to emphasize investments in product and technology R&D.

On the other side, market leaders are adopting a shift to online sales for a stronger global footprint.

Acte Deco recently announced the launch of their new customized range of solutions for floor coverings. The company generates a major portion of the revenue from custom wall décor solutions for residential as well as commercial end-consumers.

Theme-based wall décor is another growing trend that companies are capitalizing on. Artissimo Designs Inc., one of the prominent companies operating in the global wall décor landscape, is currently focusing on strengthening strategic associations with leading entertainment studios, artists, commercial entities, professional sports leagues, and design publishers for exclusive wall décor design projects.

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Digital Printing Creates a Hub of Opportunities

Wall laminates and printed wall décor have been the bestselling wall décor products, pushing the sales especially in the industrial domain. Whereas, the retail sector continues to consider modern wall décor as a vital part of the customer satisfaction strategy.

The advent of digital printing technology is fueling a few rapidly growing trends in the wall décor landscape. Digital wall paper printing, frame works, and mirror works represent some of the top selling wall décor items in residential, commercial, hospitality, educational institutes, and high-end showrooms. Digitally printed custom murals and wall arts are likely to witness higher sales in the near future.

US-based AtmosFX, a leading digital decorating products and services provider, recently executed an expansion of its flagship digital decoration collections. The new collections include digital printing wall décor and other products specifically for the occasions of Thanksgiving and Christmas.

Europe Continues to Uplift Wall Décor Sales

Europe, the largest consumer market for wall décor products, currently holds around 20% share in the global market value. The region continues to dominate, prominently driven by wooden wall décor sales and persistent demand for mirror works. Expansion of Europe’s hospitality sector is likely to further push regional revenue growth in the wall décor landscape, according to the report. North America, APEJ, and MEA are the next key markets for investors in wall décor items.

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Across developing economies, consumers continue to demand high quality superior aesthetics and durability with wall décor products, at convenient maintenance and competitive cost. This remains a long-term challenge for manufacturers, technology innovators, distributors, and other stakeholders across the wall décor market supply chain. Companies are however taking efforts to adapt to evolving market trends, keeping the cost of their wall décor and related products relatively competitive.

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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 5-years.

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Floriculture Market is Rising Due to Growing Use of Flowers for Aesthetic Purposes by Institutions/Events Marks

The floriculture market revenues are anticipated to exceed $40 billion, with strong CAGR growth projected through 2029. The market for floriculture, which is mostly supported by cut flowers, will grow significantly thanks to the recent explosion in popularity of edible flowers.

Institutions/events that currently hold around 3/5 of the share in the market would remain the prominent adopters of floriculture items.

Huge potential for flowers for the purpose of decoration throughout multiple occasions would fuel the growth of the institutions/events segment during the forecast period.

Flowers are bought for a variety of purposes, including expressing love or sympathy, as well as achieving environmental and aesthetic aims. Floriculture is currently being adopted because of the necessity to incorporate green cover into workplace interior designs.

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Key Takeaways – Global Floriculture Market Study

  • Europe is expected to retain its dominant position in the global floriculture market, attributed to increasing adoption of gardening activities in the region.
  • Among product type, the cut flowers segment is considered a key contributor to growth of the global floriculture market, due to high consumption of fresh roses in decorations such as bouquets at events, vase arrangements, and as gifts on special occasions.
  • The cut foliage segment is expected to witness a significant CAGR in the global floriculture market, owing to increasing use of mix bouquets in flower arrangements at events and festivals.

Rising Environmental and Social Responsibility to Shape Market Trends

Consumers demand sustainably produced flowers, attributable to increasing consumer awareness regarding environmental and social impact of production and trade of floriculture products worldwide. Thus, all participants in the floriculture value chain aim adopt sustainable agricultural practices such as integrating pest management and conservation agriculture to reduce negative impact of their activities on the environment.

Consumers in the market are also willing to pay more for sustainably grown flowers. Thus, companies aim to obtain certifications and are offering fair trade, FPP, and other certified flowers to their consumers in order to improve their market position.

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Floriculture Market: Competitive Landscape

Prominent players in the global floriculture market are Tropiflora Ltd., Forest Produce Ltd., Selecta Cut Flowers S.A.U., Native Floral Group, Tropical Foliage Plants, Inc., Oserian Group, Esmeralda Farms, Marginpar BV, DOS GRINGOS, LLC, Flamingo Horticulture Ltd., Danziger Group, Florensis Flower Seeds UK Ltd., Verbeek Export B.V., Florance Flora, Karuturi Global Ltd., and others.

Players in the floriculture industry are focusing on Asia for production and sales of commercial floriculture products, owing to significant rise in demand for low cost flowers in this region. Companies are also entering various strategic partnerships with domestic players to expand their market footprint.

Key Segments of Floriculture Industry Survey

Floriculture Market by Product:

  • Cut Flowers
  • Cut Foliages
  • Plants
  • Propagation Materials

Floriculture Market by Flower:

  • Roses
  • Chrysanthemums
  • Tulips
  • Lilies
  • Gerberas
  • Carnations
  • Texas Bluebells
  • Freesias
  • Hydrangeas
  • Others

Floriculture Market by End Use:

  • Floriculture for Personal Use
  • Floriculture for Institutions/Events
  • Floriculture for Hotels, Resorts, & Spas
  • Floriculture for Industrial Use

Floriculture Market by Sales Channel:

  • Direct Sales of Floriculture Products
  • Floriculture Products Sold at Specialty Stores
  • Floriculture Products Sold at Franchises
  • Floriculture Products Sold at Florists & Kiosks
  • Floriculture Products Sold at Supermarkets/Hypermarkets
  • Floriculture Products Sold at Independent Small Stores
  • Floriculture Products Sold by Online Retailers
  • Others

Floriculture Market by Region:

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

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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 Us:                    

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