Market Research Blog

From 2022 to 2030, the market for worldwide digital risk prevention platforms is projected to grow at a rapid CAGR of 9.8%. The market is currently valued at US$ 946.6 million, and by the end of 2030, it is expected to be worth US$ 1.96 billion.

Recent rapid technology improvements have forced businesses to spend money on intelligent database systems. Cybercriminals now find it simpler to target an organization’s activities and steal its data for financial benefit due to the growing amounts of data collection. Multi-channel convergence and a number of brittle interfaces are the results of digitization. These data breaches endanger the organization’s long-term viability. Consequently, the 21st century has seen a high rate of proliferation of intelligent cyber-security systems.

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Digital Risk Protection Market: Key Takeaways

• Cloud-based integrated digital risk protection platforms to acquire high popularity, expanding at ~11%
• North America is likely to emerge as the market hegemon, attributed to high expenditure on security solutions
• SMEs to gather significant momentum in the forecast period, ascribed to their growing business volumes
• BFSI to dominate the market in terms of industrial applications. Rising volumes of banking transactions is the chief driver
• East & South Asia are poised to be the fastest growing regions, attributed to high volumes of digital business operations

COVID-19 Impact Analysis

The COVID-19 pandemic has impacted business in every sector. Social distancing norms are compelling organizations to transition towards digitalization to ensure operational continuity. Adoption of cloud computing platforms and build-your-own-devices to facilitate remote working are becoming highly mainstream.

According to estimates, nearly 3/5^th of the organizations have adopted cloud platforms as a new normal. Companies are transforming existing infrastructure into virtual environment, aggrandizing the risk of cyber threats.

Organizations are experiencing cyber threats and security vulnerabilities in remote working. Cybercriminals are leveraging the COVID-19 pandemic scenario to initiate ransomware, phishing emails and data theft attacks to steal confidential information.

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Competitive Intelligence

The digital risk protection platform market is highly fragmented, characterized by the presence of a number of regional players and global corporations. Within the scope of this report, the following companies have been profiled: Proofpoint, Digital Shadows Ltd, FireEye, RSA Security LLC, Axur, Cyberint, RiskIQ and Safeguard Cyber.

The aforementioned market players tend to rely on collaborations, partnerships and product launches in order to stay afloat. In August 2020, for instance, Proofoint partnered SaiPoint to develop a cyber-security solution aimed at safeguarding users’ data in e-mail inboxes. Moreover, end-users can avail secure access to applications without the fear of any malware attacks.

In July 2020, Digital Shadows initiated a new database service enabling organizations to discover possible data breaches by introducing additional capabilities within its SearchLight platform.

Key Segments Of Digital Risk Protection Platform Industry Survey

Digital Risk Protection Platform Market by Solution:

• Integrated Digital Risk Protection Platforms
  • Cloud Platforms
  • On-premise Platforms
• Digital Risk Protection Services
  • Integration & Implementation
  • Digital Risk Consulting & Advisory
  • Support & Maintenance

Digital Risk Protection Platform Market by Enterprise Size:

• Digital Risk Protection Platforms for SMEs
• Digital Risk Protection Platforms for Large Enterprises

Digital Risk Protection Platform Market by Industry:

• Digital Risk Protection Platforms in IT & Telecom
• Digital Risk Protection Platforms in BFSI
• Digital Risk Protection Platforms in Automotive
• Digital Risk Protection Platforms in Healthcare
• Digital Risk Protection Platforms in Manufacturing
• Digital Risk Protection Platforms in Government
• Digital Risk Protection Platforms in Education
• Others

Digital Risk Protection Platform Market by Region:

• North America Digital Risk Protection Platform Market
• Latin America Digital Risk Protection Platform Market
• Europe Digital Risk Protection Platform Market
• East Asia Digital Risk Protection Platform Market
• South Asia & Pacific Digital Risk Protection Platform Market
• Middle East & Africa (MEA) Digital Risk Protection Platform Market

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More Insights

FMI’s report on the digital risk protection platform market is segmented into four major sections such as solution (integrated digital risk protection platform, and services), enterprise size (SMEs, large enterprises), industry (government, education, manufacturing, automotive, BFSI, healthcare, IT & Telecom, 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 digital risk protection platform 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:                        

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/digital-risk-protection-platform-market
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The market for security inspections is expected to reach US$ 10.27 Billion by the end of 2030, growing at a CAGR of 4.3 percent from its estimated value of US$ 7.33 Billion in 2022.

Companies Profiled in Security Inspection Market are Leidos, Nuctech Company Limited, Smiths Group plc., Rapiscan Systems (OSI Systems, Inc.), EAS Envimet Analytical Systems, C.E.I.A. SpA, Bruker, Unival group GmbH, ADANI, Analogic Corporation, Gilardoni S.p.A., Garrett Metal Detectors, Autoclear, LLC, VOTI Detection Inc., Astrophysics Inc., Safeway Inspection System Limited, Rohde & Schwarz, Liberty Defense, Passive Security Scan, Inc. (Defense Technologies International Corp.), Braun & Co. Limited

DUBAI, United Arab Emirates, April 07, 2022 (GLOBE NEWSWIRE) — Future Market Insights (FMI) has projected the global Security Inspection Market to rise at 4.3% between 2022 and 2030, to reach a valuation of over US$ 10.27 billion. The coronavirus global pandemic has had a severe impact on the aviation industry, and has restricted operations by security personnel in multiple sectors. However, with investments in law enforcement and defense sectors, the sales and adoption of security inspection services and products is expected to remain positive in the near future.

Key Highlights

• Personnel screening systems remain highly sought-after in security inspection applications to minimize internal threats
• Aviation sector accounts for greater security inspection product and service adoption through 2030
• Portable security inspection models continue to generate strong demand over, larger area coverage benefits
• North America will remain at the forefront of the industry, given the higher risk of terrorism and domestic unrest in the United States

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List Of Key Players Covered in Security Inspection Market are:

• Leidos
• Nuctech Company Limited
• Smiths Group plc.
• Rapiscan Systems (OSI Systems, Inc.)
• EAS Envimet Analytical Systems
• C.E.I.A. SpA
• Bruker
• Unival group GmbH
• ADANI
• Analogic Corporation
• Gilardoni S.p.A.
• Garrett Metal Detectors
• Autoclear, LLC
• VOTI Detection Inc.
• Astrophysics Inc.
• Safeway Inspection System Limited
• Rohde & Schwarz
• Liberty Defense
• Passive Security Scan, Inc. (Defense Technologies International Corp.)
• Braun & Co. Limited

“Security inspections provide critical protection against threats such as unlawful and unethical actors against human life and property damage costs. Technologies such as biometric matching, X-ray scanners, and metal detectors, are popular at security checkpoints for optimizing scrutiny processes​,” says analyst at FMI.

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Covid-19 Impact on Security Inspection Market

The coronavirus pandemic has exposed a wide range of sectors to substantial economic uncertainty owing to restricted operations, and strict social distancing guidelines. The security inspection market is witnessing lower demand, particularly in the transport sector. However, tech innovations could potentially generate key growth opportunities.

While physical distancing becoming the norm, institutions using security inspections are displaying interest towards automated systems, and self-service products to minimize touchpoints to minimize human to human interactions.

Consequently, the advancements in AI and data analytics will help in managing the recovery of the end user sectors such as defense and aviation in terms of traffic growth, airport infrastructure, passenger expectations, and changing security threats.

Competitive Intelligence

Some of the key players in the security inspection market include Leidos, Gilardoni S.p.A., Nuctech Company Ltd., Analogic Corporation, Smiths Group plc, ADANI, Rapiscan Systems, Unival group GmbH, EAS Envimet Analytical Systems GmbH, Bruker, and C.E.I.A. SpA. With the competitive nature of the market landscape, product development and launch strategies, and efforts towards regulatory approval are key strategies.

• The Kylin Ti computed tomography imaging scanner by Nuctech Company Limited has received the European Civil Aviation Conference’s certification of Explosive Detection System for Cabin Baggage (EDSCB) designation.
• The US Transport Security Administration (TSA) has added the EMIS series electromagnetic cargo screening systems to its official list of Air Cargo Qualified technologies, for potential terrorism threats and to detect contraband and restricted goods.

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Categorization of Security Inspection Industry Survey

Security Inspection Market by Product:

• Personnel Screening Systems
• Checkpoint Screening Systems
• Explosives and Drugs Trace Detection Systems
• Liquid and Radioactive Substance Monitors
• Cargo and Baggage Inspection Systems
• Vehicle Inspection Systems
• Others

Security Inspection Market by Type:

• Fixed/Stationary Security Inspection Solutions
• Portable/Mobile Security Inspection Solutions

Security Inspection Market by Application:

• Aviation
• Border Security
• Correctional Facilities and Law Enforcement
• Critical Infrastructure Protection
• Commercial Security
• Others

Security Inspection Market by Service:

• Security Consulting Services
• Installation and Integration Services
• Maintenance and Repair Services
• Security Training Services
• Support Services

Security Inspection Market by Region:

• North America Security Inspection Market
• Latin America Security Inspection Market
• Europe Security Inspection Market
• East Asia Security Inspection Market
• South Asia and Pacific Security Inspection Market
• Middle East and Africa Security Inspection 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:                        

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/security-inspection-market
For Sales Enquiries: sales@futuremarketinsights.com
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The market for telehealth software is anticipated to increase from US$ 6,010 million in 2022 to US$ 14,200 million in 2030, at a CAGR of 15.4%. Nearly 8% of the market for telehealth and telemedicine is devoted to telehealth software.

The market for telehealth software is projected to reach US$ 14,200 Mn in 2030 and increase quickly between 2022 and 2030, with a 15.4% CAGR. The way healthcare is provided is being revolutionized by the usage of telehealth software. By utilizing wireless connections and electronic consultations, telehealth software enables healthcare providers to improve patient care while also improving patient outcomes and remote monitoring.

Due to the growing use of digital technology to deliver healthcare and promote public health, hospitals and healthcare systems are setting the bar for others to follow in accepting and expanding via telehealth. According to the American Hospital Association, for instance, over 76 percent of American hospitals have fully or partially deployed computerized telehealth solutions and software in recent years.

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Digital technologies are continuously becoming an important resource for the enhanced delivery of health services and with the growing adoption of mHealth solutions, the opportunities for the growth of telehealth software are set to rise sharply in the coming years.

Research indicates that there has been high spending on digital healthcare infrastructure with increasing sales of wearable technologies. Moreover, the integration and development of digital health technologies such as the Internet of Things (IoT), augmented and virtual reality (AR/VR), artificial intelligence (AI), and more are creating potential growth opportunities for the telehealth software market.

Key Takeaways of Telehealth Software Market Study

• Cloud-based segment expected to capture around 45% of market share in 2020
• Healthcare providers are dominating the market with the market share of 85% in 2019, owing to the growing adoption of real-time communication solutions and increased adoption of remote patient monitoring
• South Asia and Pacific is estimated to grow at a CAGR of 20% in the telehealth software market owing to the continuous investments in digitalizing healthcare infrastructure

COVID-19 Impact Analysis on Telehealth Software Market

The outbreak of COVID-19 highlighted the need for businesses to adapt quickly to remote working options, pushing them to change their technological landscape to ensure business continuity during the pandemic. Thus, it brought the critical need for adoption of digital technologies and innovative solutions in the healthcare sector. With the evolving COVID-19 pandemic, healthcare providers are focusing on implementing and upgrading telehealth software and solutions to enhance their ability to care for massive increase in patients.

The adoption of telehealth software and solutions is helping healthcare providers and payers in avoiding unnecessary visits to healthcare facilities, thus, reducing the exposure to the coronavirus and also in keeping those on the frontlines safe. In addition to this, the demand for cloud-based telehealth software is expected to surge as the demand for real-time communication and remote monitoring is set to increase in coming years.

The telehealth software market grew around 13% Y-o-Y in 2018 and 2019 and with the outbreak of COVID-19, the market is expected to witness a growth rate of around 18%-20% during 2021-2023. Moreover, the telehealth software market is projected to increase 1.4x between 2020 and 2022, owing to the outbreak of COVID-19.

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Competition Landscape Driving Growth through Innovation

Ongoing technological revolution, intense competition, and ever-changing customer expectations are creating a storm in the global telehealth software market, which is compelling solution providers to integrate smart technologies such as AI, IoT, Block chain, and AR/VR. Moreover, collaborations and partnerships with IT solution providers can also help telehealth software solution providers to enhance their market share and customer base.

For instance, in October 2019, American Well and Cleveland Clinic entered into the partnership to offer customers with broad access to healthcare services via telehealth. Together, both the organization formed a joint venture company “The Clinic” which offers the virtual care through American Well’s digital health technology platform.

Some of the key players in the telehealth software market are Aerotel Medical Systems Ltd., Koninklijke Philips N.V., Teladoc Inc., American Well, Chiron Health, Medtronic, Honeywell International, Tunstall Healthcare, AMD Global Telemedicine, Inc., Cisco Systems, Inc., and Medvivo Group Ltd.

Telehealth Software Market Outlook by Category

By Component, Telehealth Software Demand is segmented as:

• Software
• Services

By Deployment, Telehealth Software Outlook is segmented as:

• Cloud-based
• On-Premises

By End User, Telehealth Software Outlook is segmented as:

• Healthcare providers
• Healthcare payers and Patients

By Region, Telehealth Software Sales is segmented as:

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

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

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/telehealth-software-market
For Sales Enquiries: sales@futuremarketinsights.com
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The submarine Cables Market is expected to witness moderate growth, registering 4.8% CAGR during the forecast period (2022-2030) and projected to reach US$ 4.38 Bn by the end of 2030

During the forecast period of the report, the market is expected to be driven by increased investment in infrastructure for better international communication. Submarine cables are widely used for power transmission in addition to communication transmission.

These cables were developed to transfer the power generated by offshore wind farms to various power plants and countries over island connections. When it comes to communications, these cables are laid along the ocean floor, carrying an astonishing amount of data traffic between countries.

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Submarine cables account for over 90% of data traffic worldwide

Submarine communication cables make up more than 90% of the data traffic generated worldwide. They have an impressive carrying capacity measured in terabits per sector. Since then, these cables have been highly valued by OTT and huge telecommunications providers such as Facebook, Microsoft, Google and Amazon.

They are also considered by most governments to be an essential and important element of the economy. Therefore, different countries have specific regulations governing their markets. Some countries have created safe zones and banned access to cables along the ocean floor, thus protecting potential damage again.

Submarine cable line ownership is becoming more prominent among technology-enabled product and service providers

Increased data traffic is increasing investment in submarine cables. FMI forecasts markets to witness increased investment in regions such as the Middle East, Asia Pacific, Latin America and Europe. Some of the major telecommunications providers are behind the surge in investment recorded in these regions. For example, Amazon’s cables run from the United States to Asia Pacific, connecting countries such as California, Japan, Oregon, and Singapore.

FMI investigates in detail the various factors that influence market growth. It provides deep insight into the market. Some of these are:

• Europe is expected to dominate the global submarine cable market
• Increased offshore wind farm activity will increase market investment
• Huge repair and maintenance costs can hinder growth
• Barriers to the entry of small businesses will continue, especially as the market is capital intensive.
• Nevertheless, SMEs are expected to focus on small projects across different regions.

“Although there are some drawbacks, submarine cables are considered a cheaper and more efficient medium for communication between countries. In addition, submarine cables are used for power transmission and will be in the future. It is expected to give momentum to the market in the next few years, “said FMI’s chief analyst.

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Who is winning?

The submarine cable market is characterized by some huge presence, so there is fierce competition. The market is so capital intensive that it offers few opportunities for SMEs. Nonetheless, players in smaller markets are expected to focus on smaller projects because they are floating in a huge competition.

FMI introduces some of the leading companies operating in the market. These include Alcatel-Lucent, Google, NEC, Subcom, NKT A / S, Nexans, Prismian Group and more.

Gain valuable insights into the submarine cable market

Future Market Insights executive-level blueprint for the report’s submarine cable market. It provides sophisticated forecasts of revenue growth seen in different segments. Trends that affect the market trajectory across these segments will also be investigated in detail for the period 2020-2030.

The report studies the global submarine cable market in terms of products to electrical cables, fiber optic cables, hybrid / composite cables, and umbilical cables. Based on the filling type, the market is divided into oil / fluid filling cables and solid filling cables. Based on end applications, the market covers oil and gas, renewable energy, telecommunications, and defense segments. Regionally, the global submarine cable market can be divided into North America, Latin America, Europe, Asia Pacific, Oceania, the Middle East and Africa.

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Key segment:

Product type

• Electric cable
• Fiber optic cable
• Hybrid / composite cable
• Umbilical cable

Filling type

• Oil / liquid filling cable
• Solid fluid cable

End use

• Oil and gas
• Renewable energy
• Telecommunications
• defense

Region

• North America
• Latin America
• Europe
• Asia Pacific
• Oceania
• 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/submarine-cables-market
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It is anticipated that the market for concealed weapon detection systems will increase from US$ 637.8 Mn in 2022 to US$ 1.17 Bn by 2031. From 2022 to 2031, demand for hidden weapon detection systems is projected to grow at a robust CAGR of 6.9 percent.

As public safety is endangered by anti-social groups, there is a significant need for concealed weapon detection systems in the aviation business, the government sector, and commercial places including educational institutions, banks, and retail malls. Terahertz body scanners can recognise and accurately detect hazards that are hidden in bags or beneath a person’s clothes, such as concealed weapons and contraband.

The integration of sensors, imaging technologies, and actuators has made remarkable breakthroughs possible, opening up a profitable market for the sale of concealed weapon detection systems.

In light of the urgent need for security screening with concealed weapon detection at ports and borders amid escalating political unrest, configurable terahertz body scanning systems have been widely used on a global scale.

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The rise of cross-border terrorism and an increasing number of terrorist outfits have given every government a reason to invest in the best and the most advanced concealed weapon detection technologies.

Key Takeaways from Global Concealed Weapon Detection Systems Market Study

• Transportation infrastructure to remain the leading segment exhibiting a 2.1x growth during the forecast period
• North America to hold a lion’s share of 41.8% in global concealed weapon detection systems market
• Terahertz body scanners to remain bullish as technological advancements remain unparalleled
• Increased product selling prices, amongst established players, to be seen as markets try to recover from COVID-19 pandemic

Integration of High Efficiency Sensing Solutions to Boost Adoption

Rising threats of terrorism targeted at public places for mass attacks have created an urgent need for modern, advanced concealed weapon detectors. Security screening combined with concealed weapon detection solutions are used to detect sly threats and contraband items without any physical interaction between security personnel and the person being screened.

Efficient security screening and weapon detection at high public throughput venues like courthouses, airports, museums, and prisons demands use of high efficiency sensing technologies. This demand for efficient concealed weapon detection is motivating companies to develop and integrate high speed sensors into security screening solutions.

Airports, railway stations, metro stations, national borders and tourist attractions, among other venues, are susceptible to illegal operations and terrorism, which can be tackled by incorporating autonomous and covert sensing resources. The integration of high quality, autonomous sensing equipment is expected to play a major role in propelling the growth of the global concealed weapon detection systems market during the forecast period.

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Competition Landscape of Concealed Weapon Detection Market

Concealed weapon detection systems market players are striving to generate new revenue streams by deploying concealed weapon detection systems for new end users operating in market sectors that the company does not usually cater to.

For instance, in August 2019, Smiths Detection Group Ltd. deployed customized X-ray systems with integrated auto-detection software that autonomously detects weapons and explosives, among other contraband. The solution was deployed for a simulated emergency preparedness drill legislated by Land Transport Authority and constituting rail operators at the HarbourFront Station in Singapore.

Key market players are focusing on gaining technological expertise and enhancing their attractiveness in the concealed weapon detection market by acquiring and merging with other key participants in the global security screening technology market. This approach also enables the company to minimize competition on both regional as well as global levels.

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Concealed Weapon Detection Systems Industry Survey

Concealed Weapon Detection Systems Market by Product:

• Millimeter Wave Body Scanners
  • Active Millimeter Wave Body Scanners
  • Passive Millimeter Wave Body Scanners
• X-ray Body Scanners
  • Backscatter X-ray Scanners
  • Transmission X-ray Scanners
• Terahertz Body Scanners
• Metal Detectors

Concealed Weapon Detection Systems Market by Type:

• Mobile Concealed Weapon Detection Systems
• Stationary Concealed Weapon Detection Systems

Concealed Weapon Detection Systems Market by Application:

• Transportation Infrastructure
• Correctional Facilities
• Stadium and Sports Arenas
• Military and Defense
• Theme Parks/Amusement Parks
• Academic Institutions
• Corporate Campuses
• Others

Concealed Weapon Detection Systems Market by Region:

• North America Concealed Weapon Detection Systems Market
• Latin America Concealed Weapon Detection Systems Market
• Europe Concealed Weapon Detection Systems Market
• East Asia Concealed Weapon Detection Systems Market
• South Asia & Pacific Concealed Weapon Detection Systems Market
• Middle East & Africa Concealed Weapon Detection Systems 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:                        

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/concealed-weapon-detection-systems-market
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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The Mobile Augmented Reality Market is expected to witness moderate growth, registering a 23.3% CAGR during the forecast period (2022-2031) and projected to reach US$ 4.4 Bn in 2022 and US$ 29.3 Bn by 2031.

The creative sector deserves a lot of the credit for the mobile augmented reality (AR) market’s unrelenting growth. This area of the company, which includes video games, live events, retail, and video entertainment, has undoubtedly pushed mobile augmented technologies to produce better solutions. Mobile augmented reality holds a particular place in the hearts of game developers because it is made to produce immersive experiences. The introduction of complex, meticulously planned multiplayer games has fully tapped into the solutions offered by this sector.

The unprecedented use of smartphones and tablets is solely responsible for the fast expansion of mobile augmented reality. Mobile augmented reality has significantly altered how people experience museums, offices, and games in both distant and urban settings. Since technological breakthroughs like Google Glass, the field of mobile augmented reality (AR) has developed to be a part of many different industries, revolutionising learning environments, medical consultations, and military training.

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Key Takeaways of Mobile Augmented Reality Market Study

• East Asia to lead the race in the global mobile augmented reality market at a CAGR of 27.2% between the forecast years of 2020 and 2030
• Gaming segment is anticipated to retain its leading position with a share of 28% by the end of 2030
• Smartphones and tablets to revolutionize educational experiences with the integration of mobile AR
• Services segment to leap ahead at a CAGR of 24.6% during the forecast period as AR design and development, integration and development, and support services find applications across verticals

COVID-19 Proves Positive for Mobile Augmented Reality Market

The COVID-19 pandemic has deepened the chasm of economic crisis, making the global population rethink education and entertainment in many ways. With no live events to attend, cancelled sporting events, and uncertainty looming over reopening of colleges and schools, mobile augmented reality found its opening to a plethora of opportunities.

The importance of AR has also surged in healthcare consultations as medical professionals and patients are seeking safety first. Furthermore, a quantum leap in online gaming, schooling, and entertainment as artists are taking gigs online, have collectively resulted in a special demand for mobile AR. Biggest chunk is definitely consumed by the online gaming industry, which has been the strongest pillar of the entertainment during the stringent lockdowns.

According to FMI, the mobile augmented reality market will grow 6%-8% by Q3 2020 in the given circumstances.

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E-commerce to Enhance Demand for Mobile Augmented Reality

The growing e-commerce industry has been identified as key contributor to the increasing adoption of mobile augmented reality. Integration of mobile augmented reality by retailers to make it more accessible for customers to purchase the right item. Augmented reality helps users to view their products in 3-D, life-like projections in real-time through smartphones and tablets.

Mobile augmented reality offers retailers the opportunity to improve the consumer shopping with real-life experiences. With an augmented reality app, an e-commerce retailer can create a virtual table with a different range of products, projecting it on the customer’s living room. The growing number of purchases via mobile devices and shoppers using smartphones in-store is increasing the demand for mobile augmented reality.

Such enhancement of consumer engagement is projected to bode well of the market in the forecast period.

More Valuable Insights on Mobile Augmented Reality Market

Future Market Insights offers an unbiased analysis of the global mobile augmented reality market, providing historical data for 2015-2019 and forecast statistics from 2022-2031.

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Mobile Augmented Reality Industry Survey

Mobile Augmented Reality Market by Solution:

• Mobile AR Software
  • Mobile AR Application Platforms
  • Mobile AR SDKs
• Services
  • Integration & Deployment
  • AR Design & Development
  • Support Services

Mobile Augmented Reality Market by Application:

• Military
• Education
• Healthcare
• Gaming
• Media & Entertainment
• Travel & Tourism
• Others

Mobile Augmented Reality Market by Region:

• North America Mobile Augmented Reality Market
• Latin America Mobile Augmented Reality Market
• Europe Mobile Augmented Reality Market
• East Asia Mobile Augmented Reality Market
• Middle East & Africa Mobile Augmented Reality 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.

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Report: https://www.futuremarketinsights.com/reports/mobile-augmented-reality-market
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By 2030, the market for mindfulness meditation applications is projected to grow at a CAGR of 9.5 percent and reach US$ 397.9 Mn. In recent years, the need for stress reduction has increased the search for meditation techniques, opening up a potential market for the entry of mindfulness meditation applications. These programmes, which promise to reduce anxiety, have grown into a significant industry worth billions of dollars today. For investors, the rise of wellness-focused lifestyles has proven to be lucrative. According to Future Market Insights, wellness experts will use technology to connect with the younger generation, making this trend more lasting than a fad.

The growing demand for mindfulness meditation applications also comes as it is rectifying the bad image of overuse of mobile phones. Smartphones are extensively being used to achieve meditative states amongst beginners and regular practitioners. In the coming decade, the mindfulness meditation application market is projected to see a quantum leap as there is a massive shift from overworking to living mindfully.

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Key Takeaways of Mindfulness Meditation Application Market

• North America dominates global mindfulness meditation application market are it is poised to earn a valuation of US$ 45 Mn by the end of 2030
• Android users will lead the market gaining a 47bps of current market value by 2030
• 70% users are expected to belong to Generation Z as mental health awareness gains momentum on social media platforms
• Japan to be a key spender on mindfulness meditation apps as well as the youth seeks Zen life through technology

COVID-19 Impact on Mindfulness Meditation Application Market

The downloads for mindfulness meditation have certainly seen a spike amidst the COVID-19 pandemic. According to a study, the top 10 wellness apps, operating in English language, witnessed 2 million downloads in April 2022.

The business has been growing for these apps as the pandemic has raised overall anxiety levels amongst users with layoffs, threat of diseases, death of loved ones, and in general uncertainty. Thus the need to manage stress can be felt with ferocity more than over amongst users and seekers.

Furthermore, strategies such as free access to frontline workers and increased number of days for free trial have also won the app makers a relatively wider clientele. While the ethics of using the pandemic to promote business can be contested, it is definite that the unprecedented times have led to unprecedented business for these apps.

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Top Mindfulness Meditation Apps :

Constant diversification of offerings has been the winning marketing strategy of the key players operating in the global mindfulness meditation application market. Vision To build a valuable brand and product offering with insights from psychologists is expected to be marketing strategies of these companies.

• Calm.com, Inc.
• Headspace, Inc.
• Deep Relax
• Ten Percent Happier
• Smiling Mind
• The Mindfulness App
• Inner Explorer, Inc.
• Parachute for Parents (Committee for Children)

More Valuable Insights on Mindfulness Meditation Application Market

In its latest report, Future Market Insights offers an unbiased analysis of the global mindfulness meditation application market, providing historical data for period of 2015-2021 and forecast statistics for the period of 2022-2030.

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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/mindfulness-meditation-application-market
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The Global Last Mile Delivery Software Market was valued at US$ 7 Bn in 2021 and is expected to reach US$ 16.7 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, On-premise Last-Mile Delivery Software will remain pivotal for the market as the bulk of revenue will be generated through this category. It is projected that large companies will be the key contributors to revenue.

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Enterprises to Turn to Software to Optimize Operations

Enterprises are turning to software to optimize several steps of their last mile operations to reduce costs, enhance the usage of labor and keep their customers satisfied. The automation of processes like routing, invoicing, and updates is expected to boost demand for last-mile delivery software in the forecast period.

The United States to Command the Larger Proportion of Last Mile Delivery Software Supply Chain throughout the Analysis Period

The United States is the leading market for Last Mile Delivery Software demand, having witnessed CAGR of 8.7% from 2015 – 2021 and accounting for over 35% of the market demand. The market is expected to grow in the future as well, with a forecasted market value of US $ 6 Bn, with an absolute dollar opportunity of US $3.2 Bn.  

Last Mile Delivery Software Market: Competition Insights

Competitive Landscape

Last-Mile Delivery Software providers are focused on harnessing new technology and addressing efficient deliveries and allocation of drivers. The key Last Mile Delivery Software Companies operating in the market include Kahuna, AGDESCARTES, FarEye, Track-POD, LogiNext, Zippykind5, Gloat, and Skillnet.

Some of the recent development in Last-Mile Delivery Software are as follows:

• In June 2022, Onfleet announced the raising of US$ 23 Mn in Series B funding, bringing their total funding amount US$ 40 Mn. According to the company, the amount raised will be used for product development and other enhancements.
• In June 2022, California’s Last-Mile EV manufacturer BrightDrop announced the integration of the AI fleet optimization software of Marain, which can analyze, forecast and come up with multimodal fleet solutions into its Zevo vans and Trace e-carts.
• In June 2022, SkyDrop announced the completion of production of the drone fleet for the commercial drone delivery trial with Domino’s in New Zealand.
• In June 2022, FarEye and Spryker announced a partnership through which they aim to combine Fareye’s delivery platform that leverages data for routing and planning with Spryker’s e-commerce operating system.
• In July 2022, Waitr Holdings Inc. announced a partnership with Elite EXTRA for Elite EXTRA’s last-mile delivery logistics software solutions
• In July 2022, Lyve Global, which provides cloud-based delivery software via platforms and services, announced the acquisition of Jeebly, a last-mile delivery company
• In July 2022, GEODIS announced the acquisition of Keppel Logistics.

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Key Segments Covered in Last-Mile Delivery Software Survey

Last-Mile Delivery Software Market by Type:

• On-Premise Last-Mile Delivery Software
• Cloud-Based Last-Mile Delivery Software

Last-Mile Delivery Software Market by Application:

• Courier, Express & Parcel
• Retail & FMCG
• Transportation
• BFSI
• E-Commerce
• Manufacturing
• Pharmaceutical

Last-Mile Delivery Software Market by Region:

• North America Last-Mile Delivery Software Market
• Latin America Last-Mile Delivery Software Market
• Europe Last-Mile Delivery Software Market
• Asia Pacific Last-Mile Delivery Software Market
• Middle East & Africa Last-Mile Delivery Software Market

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More Insights Available

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

The study reveals extensive growth in Last-Mile Delivery Software Market by Type (On-premises, Cloud) By Application (Courier, Express & Parcel, Retail & FMCG, Transportation, BFSI, E-Commerce, Manufacturing, Pharmaceutical) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & 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:                        

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/last-mile-delivery-software-market
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According to a newly released Future Market Insights study, the Software-Defined Data Center Market revenues were expected to be US$ 39.4 Bn in 2021 and are projected to increase at a CAGR of 17.3 percent from 2022 to 2032. The market is predicted to be worth US$ 228.6 billion by the end of 2032.

A rise in the amount of data being produced, a rise in the demand for effective network management, and a sharp decline in Capex and Opex are some of the main market drivers for software-defined data centres. However, growing concerns about data security and privacy, ineffective resource allocation, and a labour scarcity are some of the factors that could hamper industry growth. Additionally, the industry gains from rising interest in hybrid clouds and rising adoption of the Internet of Things.

As technology advances and more businesses adopt digitalization and cloud technologies, SDI helps businesses concentrate on their digital transformation operations to accomplish business results. To achieve significant outcomes, SDX also supports abstracting away from development, business, and improvement teams. Agility and scalability are two of the most advantageous traits for any company. Additionally, SDx offers a virtualization gateway, which is turning out to be a crucial part of the application infrastructure for software applications in digital business. Additionally, SDX aims to provide new and improved products and services at the speed of the customer rather than the speed at which the infrastructure team typically operates, hence fostering market expansion.

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Key Takeaways from the Market Study

• Global Software-Defined Data Center Market is expected to reach a market size of US$ 46.2 Bn by 2022.
• In terms of Component, the Hardware segment is expected to have the highest CAGR rate of 19.5% during the forecast period.
• In terms of Type, the Software-Defined Computing segment is expected to have the highest CAGR rate of 18.7% during the forecast period.
• United States to remain the most dominant market with absolute dollar growth opportunity of US$ 59.5 Bn during 2022 – 2032.
• The market in U.S is set to experience the highest CAGR of 16.7% during the 2022-2032 forecast period.

Competitive Landscape

The Software-Defined Data Center Market is highly concentrated, with a fewer competitors accounting for the vast majority of market share. The established firms are attempting to obtain supremacy in this sector. These firms are increasing their profits and market shares through smart joint projects.

Some of the recent developments in Software-Defined Data Center market include:

• In June 2021, NTT Limited revised its worldwide data Center interconnect network services, which are based on advanced SDN technology and are designed to optimize hybrid cloud settings. A globalized network fabric solution that allows for private and secure connectivity between NTT’s data Centers across the world and important cloud service providers.
• In May 2020, Huawei introduced the CloudFabric 2.0 Data Center cloud Network Solution, which includes new high-capacity CloudEngine data center switches, an improved AI-based iLossless methodology for dynamic congestion control, and autonomous driving features.
• In May 2020, VMware introduced Cloud Second Generation, a cloud service that combines the ease and agility of the public cloud with the protection and management of enterprise-grade on-premises infrastructure, was launched.

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More Insights Available

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

The study reveals extensive growth in Software-Defined Data Center Market by Component (Hardware, Software, Services), Type (Software-Defined Computing, Software-Defined Storage, Software-Defined Data Center Networking, Automation and Orchestration), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Vertical (BFSI, IT and Telecom, Government and Defence, Healthcare, Education, Retail, Manufacturing, Others) across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & 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:                        

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/software-defined-application-and-infrastructure-market
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